01-04-2022, 11:26 AM
(01-04-2022, 11:07 AM)DeepBlue Wrote:(01-04-2022, 06:49 AM)HreidarssonHeaders Wrote: I have heard many times that when we were sold the price we were sold for was legally the most it could be and also the shareholders only got back what they paid. I've also heard that the high net worths got a bigger return than they put in.
Can someone explain why this was please?
Not a moan just interested.
The terms of the PST buyout were that no profit could be made if the club was sold on, which is why the Eisners got it so cheap (£3.6m ISTR). I've never heard that the HNW's got any more, but I hope they did find a legal loophole to make that possible.
Cheers Deep, do we know why those terms were in place, it seems a bit odd to me?
Agree about the HNW hopefully finding a loop hole, I bought my share expecting to never see the money again and I was lucky to have the money spare at the time (couldn't do it now in my current position) but the HNW's put a lot more on the line on an individual basis. That's not taking anything away from all the individual shareholders and people who joined syndicates as people did what they could.