Davefevs Posted June 13, 2022 Report Share Posted June 13, 2022 @ExiledAjax 2 1 Quote Link to comment Share on other sites More sharing options...
BLRed Posted June 13, 2022 Report Share Posted June 13, 2022 What does this mean? 1 Quote Link to comment Share on other sites More sharing options...
cidered abroad Posted June 13, 2022 Report Share Posted June 13, 2022 1 minute ago, BLRed said: What does this mean? Either SL is putting money in to cover losses OR someone else is contributing. Quote Link to comment Share on other sites More sharing options...
chinapig Posted June 13, 2022 Report Share Posted June 13, 2022 1 minute ago, BLRed said: What does this mean? Good question. Steve to be able to buy yet more shares? External investor to buy shares? Condensed version: I have no idea. Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted June 13, 2022 Report Share Posted June 13, 2022 (edited) From an FFP perspective I don't see how it would change anything- equity ratio, Upper vs Lower limit. We already spend to that level so. That aside, could mean external investment? Again though that would not increase the £39m cap. Edit: Kieran Maguire mentions one investor in mind. Edited June 13, 2022 by Mr Popodopolous 1 Quote Link to comment Share on other sites More sharing options...
Major Isewater Posted June 13, 2022 Report Share Posted June 13, 2022 6 minutes ago, Mr Popodopolous said: From an FFP perspective I don't see how it would change anything- equity ratio, Upper vs Lower limit. We already spend to that level so. That aside, could mean external investment? Again though that would not increase the £39m cap. Edit: Kieran Maguire mentions one investor in mind. That nice Mr Musk perhaps ? Quote Link to comment Share on other sites More sharing options...
chinapig Posted June 13, 2022 Report Share Posted June 13, 2022 5 minutes ago, Mr Popodopolous said: Edit: Kieran Maguire mentions one investor in mind. As long as their money isn't stuck in a European clearing bank awaiting money laundering checks. 2 Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted June 13, 2022 Report Share Posted June 13, 2022 (edited) 2 minutes ago, Major Isewater said: That nice Mr Musk perhaps ? I'm whooshing myself a bit here but... Again doesn't make a difference...equity limits are equity limits- equity does not constitute fresh revenue etc. Edited June 13, 2022 by Mr Popodopolous Quote Link to comment Share on other sites More sharing options...
View from the Dolman Posted June 13, 2022 Report Share Posted June 13, 2022 I think we need to see the resolution to understand this. The existing articles of association of Bristol City Football Club Ltd say that there is no limit on Share Capital so it would seem difficult that "Authorised share cap of the company be increased by the creation of shares". Quote Link to comment Share on other sites More sharing options...
Hxj Posted June 13, 2022 Report Share Posted June 13, 2022 11 minutes ago, View from the Dolman said: I think we need to see the resolution to understand this. But that can't be allowed - think of the rampant speculation that is otherwise possible! 1 3 Quote Link to comment Share on other sites More sharing options...
downendcity Posted June 13, 2022 Report Share Posted June 13, 2022 28 minutes ago, Mr Popodopolous said: From an FFP perspective I don't see how it would change anything- equity ratio, Upper vs Lower limit. We already spend to that level so. That aside, could mean external investment? Again though that would not increase the £39m cap. Edit: Kieran Maguire mentions one investor in mind. Mel Morris? Quote Link to comment Share on other sites More sharing options...
CyderInACan Posted June 13, 2022 Report Share Posted June 13, 2022 Just now, downendcity said: Mel Morris? At least we'd have two stadiums then 1 Quote Link to comment Share on other sites More sharing options...
Sir Geoff Posted June 13, 2022 Report Share Posted June 13, 2022 Is something imminent ? 1 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted June 13, 2022 Report Share Posted June 13, 2022 28 minutes ago, Mr Popodopolous said: I'm whooshing myself a bit here but... Again doesn't make a difference...equity limits are equity limits- equity does not constitute fresh revenue etc. Not in the short term, but a spread of the risk on the football side might allow SL to push on with the ground development which in turn will increase revenues. 1 Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted June 13, 2022 Report Share Posted June 13, 2022 4 minutes ago, Port Said Red said: Not in the short term, but a spread of the risk on the football side might allow SL to push on with the ground development which in turn will increase revenues. Oh yeah for sure, in medium to long term it can definitely help. I was thinking just of the here and now, this summer/coming season. 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted June 13, 2022 Report Share Posted June 13, 2022 1 hour ago, BLRed said: What does this mean? Won't know for certain until the docs come through on CH. Although the sharenissue to SL last month suggests these shares are for someone else... Cheers @Davefevs I saw my alert email from CH but hadn't read it yet. 49 minutes ago, View from the Dolman said: I think we need to see the resolution to understand this. The existing articles of association of Bristol City Football Club Ltd say that there is no limit on Share Capital so it would seem difficult that "Authorised share cap of the company be increased by the creation of shares". And it looks like that's exactly what's happened. Resolutions - Resolution of allotment of securitiesAuthorised share cap of the company be increased by the creation of shares. 31/05/2022. Note the effective date of this issue of shared is one day prior to SLs capitalisation of debt on 1 June 2022. @Mr Popodopolous @Davefevs any acocunting reason why you'd do apossible investment effective on 31 May? Quote Link to comment Share on other sites More sharing options...
Rocky Posted June 13, 2022 Report Share Posted June 13, 2022 Linked to the new CFO (or whatever his title is)...? Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted June 13, 2022 Report Share Posted June 13, 2022 Worth saying as well that this is at the Football Club level not Holdco level. So that means that anyone taking shares here will have zero control or derive zero benefit from Ashton Gate Ltd. 2 3 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted June 13, 2022 Author Report Share Posted June 13, 2022 3 minutes ago, ExiledAjax said: Won't know for certain until the docs come through on CH. Although the sharenissue to SL last month suggests these shares are for someone else... Cheers @Davefevs I saw my alert email from CH but hadn't read it yet. And it looks like that's exactly what's happened. Resolutions - Resolution of allotment of securitiesAuthorised share cap of the company be increased by the creation of shares. 31/05/2022. Note the effective date of this issue of shared is one day prior to SLs capitalisation of debt on 1 June 2022. @Mr Popodopolous @Davefevs any acocunting reason why you'd do apossible investment effective on 31 May? The only P&S consideration is the commitment to cover losses so that higher threshold (£39m) is applicable rather than lower (£15m)…but other than that no idea, other than housekeeping??? 2 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted June 13, 2022 Report Share Posted June 13, 2022 10 minutes ago, Davefevs said: The only P&S consideration is the commitment to cover losses so that higher threshold (£39m) is applicable rather than lower (£15m)…but other than that no idea, other than housekeeping??? There is presumably a reason. 31 May is a significant date in football and its too specific to be random imo. Shares have been issued on that day for a reason. Quote Link to comment Share on other sites More sharing options...
cidered abroad Posted June 13, 2022 Report Share Posted June 13, 2022 3 minutes ago, ExiledAjax said: There is presumably a reason. 31 May is a significant date in football and its too specific to be random imo. Shares have been issued on that day for a reason. Would be grateful if you'd clarify why 31/5 is so important @ExiledAjax Quote Link to comment Share on other sites More sharing options...
The Bard Posted June 13, 2022 Report Share Posted June 13, 2022 8 minutes ago, cidered abroad said: Would be grateful if you'd clarify why 31/5 is so important @ExiledAjax Football financial year?? Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted June 13, 2022 Report Share Posted June 13, 2022 (edited) 10 minutes ago, The Bard said: Football financial year?? For us and a host of clubs- yes. For a range of others it goes to 30th June and for a couple it's 31st July. Although as @ExiledAjax did mention, it's exclusive to the club only so BCHL and AGL won't be included in that. Edited June 13, 2022 by Mr Popodopolous 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted June 13, 2022 Report Share Posted June 13, 2022 31 minutes ago, cidered abroad said: Would be grateful if you'd clarify why 31/5 is so important @ExiledAjax As Pop says, it's our financial year end, and is for many clubs as well. 1 1 Quote Link to comment Share on other sites More sharing options...
Merrick's Marvels Posted June 13, 2022 Report Share Posted June 13, 2022 Suspect this has nothing to do with our short term FFP position (as others have said - it can't) and is most likely about the bigger picture going forward in the medium/long term. Perhaps it's linked to Gregor's mystery interview! Quote Link to comment Share on other sites More sharing options...
Hxj Posted June 13, 2022 Report Share Posted June 13, 2022 I'll add to the conspiracy theories - it makes more sense if it was for Bristol City Holdings Ltd, which has an issued share capital many times the authorised share capital of £10 million 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted June 13, 2022 Report Share Posted June 13, 2022 1 minute ago, Hxj said: I'll add to the conspiracy theories - it makes more sense if it was for Bristol City Holdings Ltd, which has an issued share capital many times the authorised share capital of £10 million We may yet see a filing for Holdco as well of course. CH make no promise to upload filings made or update group companies simultaneously. 11 minutes ago, Merrick's Marvels said: Perhaps it's linked to Gregor's mystery interview! This could make sense. Quote Link to comment Share on other sites More sharing options...
BCFC Rich Posted June 13, 2022 Report Share Posted June 13, 2022 Genuine questions Could we issue shares to top up salary for someone? I presume thats not possible for players but if we wanted someone behind the scenes (head of recruitment for example) would it be allowed? Would that be a FFP work around. Quote Link to comment Share on other sites More sharing options...
View from the Dolman Posted June 13, 2022 Report Share Posted June 13, 2022 (edited) 8 minutes ago, Hxj said: I'll add to the conspiracy theories - it makes more sense if it was for Bristol City Holdings Ltd, which has an issued share capital many times the authorised share capital of £10 million It was increased to £15 million by a resolution in November 2008 and then in a filing from December 2008, the adopted Articles of Association again moved to there being no upper limit - as per 4.2 below: Section 2 of the Companies Act 1985 was repealed via the Companies Act 2006 and took effect from October 2009. Edited June 13, 2022 by View from the Dolman Quote Link to comment Share on other sites More sharing options...
CyderInACan Posted June 13, 2022 Report Share Posted June 13, 2022 10 minutes ago, BCFC Richard said: Genuine questions Could we issue shares to top up salary for someone? I presume thats not possible for players but if we wanted someone behind the scenes (head of recruitment for example) would it be allowed? Would that be a FFP work around. That very much sounds like cheating the system to me 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.