Shareholders' letter
-
- Posts: 1495
- Joined: Tue Jan 05, 2016 9:30 am
- Been Liked: 519 times
- Has Liked: 184 times
Shareholders' letter
Anyone else just received an e-mail from the club offering to buy their shares?
-
- Posts: 9
- Joined: Sat Feb 13, 2021 3:56 pm
- Been Liked: 3 times
- Has Liked: 7 times
-
- Posts: 67771
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32393 times
- Has Liked: 5272 times
- Location: Burnley
- Contact:
Re: Shareholders' letter
Not received one as yet - how much are they offering?
-
- Posts: 630
- Joined: Thu Jul 15, 2021 5:47 pm
- Been Liked: 110 times
- Has Liked: 77 times
Re: Shareholders' letter
Be interesting to know.
-
- Posts: 9
- Joined: Sat Feb 13, 2021 3:56 pm
- Been Liked: 3 times
- Has Liked: 7 times
Re: Shareholders' letter
£1699.00
You get a cheque for half and the other half a credit note to spend with Club.
You get a cheque for half and the other half a credit note to spend with Club.
-
- Posts: 1495
- Joined: Tue Jan 05, 2016 9:30 am
- Been Liked: 519 times
- Has Liked: 184 times
Re: Shareholders' letter
£1699 per share, £849.50 in cash and £849.50 to be spent with the club or in the club shop.
I have four shares. If I decide to sell them all I'll have to buy a hell of a lot of replica shirts
These 2 users liked this post: boatshed bill bobinho
-
- Posts: 9
- Joined: Sat Feb 13, 2021 3:56 pm
- Been Liked: 3 times
- Has Liked: 7 times
Re: Shareholders' letter
Next few years of season tickets for me
-
- Posts: 1495
- Joined: Tue Jan 05, 2016 9:30 am
- Been Liked: 519 times
- Has Liked: 184 times
Re: Shareholders' letter
And me! I'm an over 65 so it'll keep me going for years.
I will have to consider this. I've always been proud of my shares because they made me feel part of a locally owned club. We are no longer locally owned.
We have about three weeks to decide. My initial thought is to sell.
-
- Posts: 2592
- Joined: Sun May 01, 2016 6:22 pm
- Been Liked: 691 times
- Has Liked: 362 times
Re: Shareholders' letter
Email received. Decent offer. But it's a no from me
This user liked this post: bobinho
-
- Posts: 67771
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32393 times
- Has Liked: 5272 times
- Location: Burnley
- Contact:
Re: Shareholders' letter
Mine will be to sell to, absolutely worthless now.lakedistrictclaret wrote: ↑Mon Oct 04, 2021 6:33 pmAnd me! I'm an over 65 so it'll keep me going for years.
I will have to consider this. I've always been proud of my shares because they made me feel part of a locally owned club. We are no longer locally owned.
We have about three weeks to decide. My initial thought is to sell.
This user liked this post: the_magic_rat
-
- Posts: 69
- Joined: Sun Apr 18, 2021 3:57 pm
- Been Liked: 15 times
- Has Liked: 2 times
Re: Shareholders' letter
I agree lakedistrictclaret with being part of my local club meaning something special to me.
I also have used as “something unique about you” in icebreakers when at work. Always impressed when I said I’m a shareholder in a premier league football club!!!!
Don’t work now so can’t use that and everyone who knows me knows I’m a claret
I also have used as “something unique about you” in icebreakers when at work. Always impressed when I said I’m a shareholder in a premier league football club!!!!
Don’t work now so can’t use that and everyone who knows me knows I’m a claret
-
- Posts: 18048
- Joined: Thu Jan 21, 2016 10:35 am
- Been Liked: 3861 times
- Has Liked: 2070 times
Re: Shareholders' letter
A decent offer is that.
I can't see any reason to keep them. No benefits or chance to have your say.
Pay for your ST with the money if you want it to go back to the club.
I can't see any reason to keep them. No benefits or chance to have your say.
Pay for your ST with the money if you want it to go back to the club.
-
- Posts: 1495
- Joined: Tue Jan 05, 2016 9:30 am
- Been Liked: 519 times
- Has Liked: 184 times
Re: Shareholders' letter
Just to add, if you decide to sell, you have to sell them all. For example, I couldn't sell three but keep one.
-
- Posts: 13437
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3087 times
- Has Liked: 3808 times
Re: Shareholders' letter
I’m really pleased for smaller shareholders that they get a route to realising the value of their shares.
Out of interest, how many are out there and what valuation does the £1699 set?
And if you hold >1 does the 50:50 rule still apply? Say you had 5, I can’t imagine anyone wanting £4K in club credit!!
Out of interest, how many are out there and what valuation does the £1699 set?
And if you hold >1 does the 50:50 rule still apply? Say you had 5, I can’t imagine anyone wanting £4K in club credit!!
-
- Posts: 18048
- Joined: Thu Jan 21, 2016 10:35 am
- Been Liked: 3861 times
- Has Liked: 2070 times
Re: Shareholders' letter
CT will have to buy a super box with the half money that needs to be spent at the club. He's too many for a BFC key ring and candle holder.lakedistrictclaret wrote: ↑Mon Oct 04, 2021 6:44 pmJust to add, if you decide to sell, you have to sell them all. For example, I couldn't sell three but keep one.
This user liked this post: beddie
Re: Shareholders' letter
Why do the club want to buy them back - now?
This user liked this post: bobinho
-
- Posts: 13437
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3087 times
- Has Liked: 3808 times
Re: Shareholders' letter
Aside from the obvious good news for fans, it’s very interesting that ALK are wanting to hoover up more shares.
-
- Posts: 685
- Joined: Thu Jan 21, 2016 7:22 am
- Been Liked: 264 times
- Has Liked: 101 times
Re: Shareholders' letter
My thoughts too NewClaret. That's a pretty tall order spending even £2000 in the shop unless you kit out the whole family with new clothes.
Unless there's an open ended expiry date on them.
Unless there's an open ended expiry date on them.
Re: Shareholders' letter
What a joke....if you have 3 shares you get just short of 2,500 to spend in the club shop, are they seriouslakedistrictclaret wrote: ↑Mon Oct 04, 2021 6:26 pm£1699 per share, £849.50 in cash and £849.50 to be spent with the club or in the club shop.
I have four shares. If I decide to sell them all I'll have to buy a hell of a lot of replica shirts
They will probably give you gift vouchers that you have to spend within 2 years
Last edited by ClaretMov on Mon Oct 04, 2021 6:51 pm, edited 1 time in total.
-
- Posts: 13437
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3087 times
- Has Liked: 3808 times
Re: Shareholders' letter
Quickenthetempo wrote: ↑Mon Oct 04, 2021 6:46 pmCT will have to buy a super box with the half money that needs to be spent at the club. He's too many for a BFC key ring and candle holder.
-
- Posts: 3118
- Joined: Thu Jan 21, 2016 8:24 am
- Been Liked: 944 times
- Has Liked: 411 times
-
- Posts: 7134
- Joined: Thu Jan 21, 2016 8:33 pm
- Been Liked: 3591 times
- Has Liked: 1028 times
- Location: Chesterfield
-
- Posts: 13437
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3087 times
- Has Liked: 3808 times
Re: Shareholders' letter
Suppose if you have a family to buy ST’s for, it might cover a couple of seasons. Given many will be of an older generation though, that’s a lot of money to hold as a credit and could take you years to recover.Rodleydave wrote: ↑Mon Oct 04, 2021 6:49 pmMy thoughts too NewClaret. That's a pretty tall order spending even £2000 in the shop unless you kit out the whole family with new clothes.
Unless there's an open ended expiry date on them.
I’d be surprised if they don’t set out the rules clearly re: expiry, bereavement rights, etc.
-
- Posts: 67771
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32393 times
- Has Liked: 5272 times
- Location: Burnley
- Contact:
Re: Shareholders' letter
Not quite. Only have 3 in my own name now.Quickenthetempo wrote: ↑Mon Oct 04, 2021 6:46 pmCT will have to buy a super box with the half money that needs to be spent at the club. He's too many for a BFC key ring and candle holder.
But even if I still had the 100 I once had they are no longer worth the paper they are written on.
-
- Posts: 3118
- Joined: Thu Jan 21, 2016 8:24 am
- Been Liked: 944 times
- Has Liked: 411 times
Re: Shareholders' letter
Will help with the house/garden renovations I bet
This user liked this post: ClaretTony
-
- Posts: 685
- Joined: Thu Jan 21, 2016 7:22 am
- Been Liked: 264 times
- Has Liked: 101 times
Re: Shareholders' letter
But can you use the credit on season tickets. If you can, that's a good offer.
-
- Posts: 13437
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3087 times
- Has Liked: 3808 times
Re: Shareholders' letter
To be fair, you’d be doing well to spend £85k in the club shop on merchandise!!ClaretTony wrote: ↑Mon Oct 04, 2021 6:59 pmNot quite. Only have 3 in my own name now.
But even if I still had the 100 I once had they are no longer worth the paper they are written on.
-
- Posts: 15228
- Joined: Thu Jan 21, 2016 10:47 am
- Been Liked: 3155 times
- Has Liked: 6742 times
Re: Shareholders' letter
Why is that, CT?ClaretTony wrote: ↑Mon Oct 04, 2021 6:59 pmNot quite. Only have 3 in my own name now.
But even if I still had the 100 I once had they are no longer worth the paper they are written on.
Re: Shareholders' letter
Delighted for you lakedictrictclaret, just don't go spending the money on anything Lancashire County Cricket club related if you don't mind !
Good offer that, interested in the motive though.
Good offer that, interested in the motive though.
This user liked this post: lakedistrictclaret
-
- Posts: 15228
- Joined: Thu Jan 21, 2016 10:47 am
- Been Liked: 3155 times
- Has Liked: 6742 times
Re: Shareholders' letter
Perhaps makes it easier to sell the club?
This user liked this post: MT03ALG
-
- Posts: 67771
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32393 times
- Has Liked: 5272 times
- Location: Burnley
- Contact:
Re: Shareholders' letter
Me and lakedistrict are going to club together and buy you a season ticket for LCCC
These 3 users liked this post: bodge lakedistrictclaret dandeclaret
Re: Shareholders' letter
That's what i reckon bill.
Re: Shareholders' letter
logged to appreciate this oneClaretTony wrote: ↑Mon Oct 04, 2021 7:25 pmMe and lakedistrict are going to club together and buy you a season ticket for LCCC
Re: Shareholders' letter
I'll raffle it off for the foodbank, might get a 12 pack case of beans or summatClaretTony wrote: ↑Mon Oct 04, 2021 7:25 pmMe and lakedistrict are going to club together and buy you a season ticket for LCCC
-
- Posts: 1495
- Joined: Tue Jan 05, 2016 9:30 am
- Been Liked: 519 times
- Has Liked: 184 times
Re: Shareholders' letter
I've made my decision, I'm selling.
E-mail sent to the club.
E-mail sent to the club.
-
- Posts: 1548
- Joined: Tue Jan 26, 2016 1:12 pm
- Been Liked: 472 times
- Has Liked: 52 times
Re: Shareholders' letter
Not heard nothing yet. I ‘ve got 33.
-
- Posts: 13437
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3087 times
- Has Liked: 3808 times
Re: Shareholders' letter
Maybe they’re doing something different for those with more shares?
-
- Posts: 650
- Joined: Tue Jun 21, 2016 6:12 pm
- Been Liked: 129 times
- Has Liked: 40 times
Re: Shareholders' letter
If, as I think is the case, the shares are in Burnley FC Holdings, with 122,000 shares in issue, this offer would value the club at around £208m.
-
- Posts: 905
- Joined: Thu Jan 21, 2016 6:57 pm
- Been Liked: 117 times
- Has Liked: 303 times
Re: Shareholders' letter
ClaretTony wrote: ↑Mon Oct 04, 2021 6:38 pmMine will be to sell to, absolutely worthless now.
I bought just the one in the first place to get me into the AGM’s. Seeing as the club stopped having the meetings, for me it’s pointless owning a share. So it’s definitely sell from me. Pay towards my hols at Xmas and two years worth of season tickets
-
- Posts: 19369
- Joined: Thu Jun 02, 2016 11:06 am
- Been Liked: 3153 times
- Has Liked: 481 times
Re: Shareholders' letter
so all of you who objected to the club's cash holding to buy the shares of the previous board - are you going to object to selling your shares in a way that eats the clubs revenues (albeit at cost that is less than the benefit you are trading for)
do we know where the cash is coming from for the other portion of payment? - is that additional loans or more of the club's cash holding
there appears to be much that needs to be made clear - it sounds like ALK are trying to progress to a complete takeover - it can be forced once a certain threshold is reached whether people want to sell or not.
I seem to remember that a number of posters have long been keen on the idea of the club being in part supporter ownership - this seems to be going into a different direction and appears timed to beat the publication of the supporter led government review and anything that the likely introduction of a football regulator may want to introduce.
at the end of the day this is aimed at making ALK a greater return on the club's investment - (I don't say ALK's investment as there is still no evidence that they have ever put any money into the club where as we know the club carries the risk and liability of the debt and has (and possibly continues too?) effectively paid towards the transfer of ownership)
do we know where the cash is coming from for the other portion of payment? - is that additional loans or more of the club's cash holding
there appears to be much that needs to be made clear - it sounds like ALK are trying to progress to a complete takeover - it can be forced once a certain threshold is reached whether people want to sell or not.
I seem to remember that a number of posters have long been keen on the idea of the club being in part supporter ownership - this seems to be going into a different direction and appears timed to beat the publication of the supporter led government review and anything that the likely introduction of a football regulator may want to introduce.
at the end of the day this is aimed at making ALK a greater return on the club's investment - (I don't say ALK's investment as there is still no evidence that they have ever put any money into the club where as we know the club carries the risk and liability of the debt and has (and possibly continues too?) effectively paid towards the transfer of ownership)
These 2 users liked this post: FCBurnley HunterST_BFC
-
- Posts: 5092
- Joined: Thu Jan 21, 2016 7:19 am
- Been Liked: 1357 times
- Has Liked: 2936 times
- Location: 'Turf
Re: Shareholders' letter
Me neither and I've only got 2.
Re: Shareholders' letter
Or just a couple of the 4xl model, perhaps?lakedistrictclaret wrote: ↑Mon Oct 04, 2021 6:26 pm£1699 per share, £849.50 in cash and £849.50 to be spent with the club or in the club shop.
I have four shares. If I decide to sell them all I'll have to buy a hell of a lot of replica shirts
-
- Posts: 5329
- Joined: Thu Jan 21, 2016 9:00 pm
- Been Liked: 1641 times
- Has Liked: 400 times
Re: Shareholders' letter
If something appears too good to be true it usually is.
The other way of looking at it is that the person making the very generous offer must have a lot to gain from it.
What I would be interested in here is what additional powers ALK would have from a complete takeover compared to now. Then supporter shareholders have to decide if the risk arising from those powers makes it foolhardy to sell from their perspective as a supporter (obviously an individual may need the money, a personal choice, but they may have to be prepared for the consequences in terms of what the club looks like in years to come).
This offer won’t be going away quickly, so it seems to me that small shareholders meed to take time to get themselves into a group to work out some numbers and strategy, e.g. how many meed to sell to allow a full buyout. That group may then decide a sale is the right thing - but kneejerk actions have a chance of being regretted later.
ALK may of course do fantastic things, I hope they do, but that is putting an awful lot on trust. Shareholders currently have more power than they realise - hence this offer probably.
The other way of looking at it is that the person making the very generous offer must have a lot to gain from it.
What I would be interested in here is what additional powers ALK would have from a complete takeover compared to now. Then supporter shareholders have to decide if the risk arising from those powers makes it foolhardy to sell from their perspective as a supporter (obviously an individual may need the money, a personal choice, but they may have to be prepared for the consequences in terms of what the club looks like in years to come).
This offer won’t be going away quickly, so it seems to me that small shareholders meed to take time to get themselves into a group to work out some numbers and strategy, e.g. how many meed to sell to allow a full buyout. That group may then decide a sale is the right thing - but kneejerk actions have a chance of being regretted later.
ALK may of course do fantastic things, I hope they do, but that is putting an awful lot on trust. Shareholders currently have more power than they realise - hence this offer probably.
Last edited by CrosspoolClarets on Mon Oct 04, 2021 8:24 pm, edited 1 time in total.
This user liked this post: JimmyRobbo
Re: Shareholders' letter
I have one share and i wish to retain it.
I like owning my club!
I like owning my club!
-
- Posts: 1548
- Joined: Tue Jan 26, 2016 1:12 pm
- Been Liked: 472 times
- Has Liked: 52 times
Re: Shareholders' letter
If they own the club outright, perhaps it will be like MU. All the debt placed on the club.
Relieving them of their borrowing responsibility.
That would not be good for BFC.
Relieving them of their borrowing responsibility.
That would not be good for BFC.
-
- Posts: 9294
- Joined: Fri Jan 22, 2016 7:48 pm
- Been Liked: 4093 times
- Has Liked: 6568 times
- Location: Burnley
Re: Shareholders' letter
Motive… ?
-
- Posts: 4271
- Joined: Tue Dec 18, 2018 11:30 pm
- Been Liked: 1024 times
- Has Liked: 1516 times
Re: Shareholders' letter
Not bad, didn't they cost £100 or £150 10 years ago or so?
-
- Posts: 7389
- Joined: Sun Apr 08, 2018 2:19 am
- Been Liked: 2293 times
- Has Liked: 2166 times
Re: Shareholders' letter
Usual suspects out
Get them sold, they’re worthless and you can enjoy your investment
Get them sold, they’re worthless and you can enjoy your investment