Blue Moon 1,289 Posted January 2, 2015 Share Posted January 2, 2015 (edited) However, BBC Scotland has learned that the move has prompted one large shareholder to lodge complaints with the takeover panel and the Financial Conduct Authority. Those bodies have yet to respond, but the shareholder believes King is working in concert with the Park consortium in a bid to seize control. Takeover panel rules dictate that, if a consortium crosses the 29.9% threshold, it must make an offer to buy the rest of the company. Both parties together hold more than 34%, but King and Park are adamant they are separate groups. http://www.bbc.co.uk/sport/0/football/30661103 The irony. What about Ashley's control with under 10% of shares? Edited January 2, 2015 by Blue Moon 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted January 2, 2015 Share Posted January 2, 2015 However, BBC Scotland has learned that the move has prompted one large shareholder to lodge complaints with the takeover panel and the Financial Conduct Authority. Those bodies have yet to respond, but the shareholder believes King is working in concert with the Park consortium in a bid to seize control. Takeover panel rules dictate that, if a consortium crosses the 29.9% threshold, it must make an offer to buy the rest of the company. Both parties together hold more than 34%, but King and Park are adamant they are separate groups. http://www.bbc.co.uk/sport/0/football/30661103 Prove it, Jack. 0 Quote Link to post Share on other sites More sharing options...
Tannochsidebear 2,405 Posted January 2, 2015 Share Posted January 2, 2015 I don't see what the problem is with the 30% rule anyway. The offer price they will have to offer won't be far away from the current price, and it is fairly certain that Ashley et al won't sell so any offer won't actually cost much relatively speaking, but it might just get them a few more % to cement their status as the majority and get to run the club unopposed. Or am I reading this all wrong? 0 Quote Link to post Share on other sites More sharing options...
TheWee BlueDevil 0 Posted January 2, 2015 Share Posted January 2, 2015 thank you Capitalist bastards who are 'Gers menthank you Lawell and the SFA for actually caring about our club There is a god...(even though I'm an atheist !) Not sure your second thank you has any thing to do with caring about our club. More likely to do with the stagnation of Scottish football (less income) and empty seats at the girodome. 0 Quote Link to post Share on other sites More sharing options...
TheWee BlueDevil 0 Posted January 2, 2015 Share Posted January 2, 2015 Surely you'll be there to welcome the new investors including your pal and confidant, Mr King. Schadenfreude. Embarrassing stuff again from BH there. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted January 2, 2015 Share Posted January 2, 2015 However, BBC Scotland has learned that the move has prompted one large shareholder to lodge complaints with the takeover panel and the Financial Conduct Authority. Those bodies have yet to respond, but the shareholder believes King is working in concert with the Park consortium in a bid to seize control. Takeover panel rules dictate that, if a consortium crosses the 29.9% threshold, it must make an offer to buy the rest of the company. Both parties together hold more than 34%, but King and Park are adamant they are separate groups. http://www.bbc.co.uk/sport/0/football/30661103 Wonder what part of that article McLaughlin contributed..... Jack tells the world Sandy welcomes the Three Bears and King. Jack tells the BBC "They're a pure concert party an arat...." We've has a concert party for years aka the Easdale Bloc 26% my arse! 0 Quote Link to post Share on other sites More sharing options...
j1mgg 0 Posted January 2, 2015 Author Share Posted January 2, 2015 I think it would be a blessing as it would let them know where everyone stands. As you say, it wouldn't be a huge price per share, and a lot less than some people paid. I know the money won't go to the club, but getting a good majority shareholding is also important, and basically for peanuts. 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted January 2, 2015 Share Posted January 2, 2015 Wonder what part of that article McLaughlin contributed..... Jack tells the world Sandy welcomes the Three Bears and King. Jack tells the BBC "They're a pure concert party an arat...." We've has a concert party for years aka the Easdale Bloc 26% my arse! If either or both of the new buyers had to make an offer to buy all shares, what would the bill be if everyone agreed to sell? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted January 2, 2015 Share Posted January 2, 2015 If either or both of the new buyers had to make an offer to buy all shares, what would the bill be if everyone agreed to sell? Assuming they own 30% and the price is 20p then circa £10m 0 Quote Link to post Share on other sites More sharing options...
Mountain Bear 0 Posted January 2, 2015 Share Posted January 2, 2015 What shares are still available, big players BPH Margerita MA Edit MASH (Ashley) 8.9% River & Merc 7% Blue Pitch 5.4% Sandy Easdale 5.2% Margarita 3.2% Letham 4.0% Taylor 9.3% Park 6.1% King 14.6% If I were Blue Pitch / Margerita, I'd seriously consider heading for the exit sooner than later. They are probably still sitting on a tidy profit now, but there's not a cat in hells chance of a dividend in the foreseeable future. Moreover, If the good guys get to 50% without them, then they (BPH / Marg) will be an irrelevance and there will be no need to buy them out. 0 Quote Link to post Share on other sites More sharing options...
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