Disco Duck

Correct. If the club issues 100% more shares but doesn’t get any cash in, the value of all shares is diluted by 50%. If it issues them at the right value, it issues (say) £1 of value for £1 received in cash, notionally increasing the club by that value. but I think the relevant bit here, is if the club allotted another £250,000 in shares to FSS, the shareholding % of the other non-FSS shareholders declines, and I don’t think they want that. Worth noting that the value of a football club is pretty much entirely theoretical until someone is willing to buy it. There’s no dividend stream attributable most clubs.

That’s absolute horseshit. For a start the company doesn’t have a market cap as it’s not listed. EDIT - sorry BlameMe, this isn’t aimed at you. But that statement is one of the worst examples of a word salad I’ve seen in a while, and the more I read it the more I think it’s trying for deliberate obfuscation. Had they said “it’s costly in fees and time consuming to issue new shares”, I would appreciate the sentiment. The note above from our erstwhile board rep Is a very good one. There is no cap until nearly 50%. Every £ that FSS puts into the club adds value, and therefore we are adding value to the shares owned by others. If you put into a shareholders group, you expect shares in return. Otherwise, I’ll just buy £30 of 50/50 tickets every other week and at least get something back (maybe!). Issuing shares is a process that’s awkward, so I would see the company doing so in a large tranche and then allotting them maybe once a year, with the option for other shareholders to do so at the same time to stand their corner. Not just sit back and do f**k all and let the little guy come up with the cash.

Can you quote that? I can’t see it anywhere. Shouldn’t be true - it would dilute the value of other shareholders and would be an admin burden, admittedly.

Yup. Because they’re putting money in, and getting something in return. Presumably the large shareholders could be offered the chance to stand their share as well.

Apart from, y’know, issue more shares in return for the cash.

Ha ha. I keep forgetting how much I dislike the All Blacks

Second half definitely a step up

That pass from Gilmour. Sexy. As. f**k.

Not exactly a classic so far

Hello empty room. Can we start a fight here?

I’ve done a couple of non-Exec roles in the past and given them up because of demands on my time - I work full time and have a family. It just makes it difficult. The last organisation I was at said the same - they struggle to get people who have both the capability and the time. It’s just the way it is. If you feel that strongly about it, giving up a weekend day plus a couple of evenings is doable, but it’s clearly going to be difficult for people. But if you can’t put in appropriate time, there’s no point in doing the role surely?

It’s not a restriction or a rule. It’s just pointing out how demanding it can be on your time so go into it with your eyes open.

Nonsense. They’re being realistic about the amount of time it needs to commit to it.

Straka in

Fleetwood in

Yeah Lima was there for me as well.

First player you think of In those tops? Darren Barr for me.

Doesn’t really matter. It’s just polite.

Played at Gleneagles yesterday. Didn’t miss a fairway. Then shanked EVERY SINGLE FUCKING SHOT off the fairway. Literally every one. AAAAAAAAAAGGGGHHHHHHH!

What are the new ones?

There’s certainly some dragons in Tranent

Right I’ve a free weekend and will take in a LL game. Pitch to me, who should I see?

Love the Kings. I’m at a corporate day on the PGA on Thursday, which is my least favourite of the 3 - but the format means it should be a good laugh.

My footwork on the tee is like his. My ball striking less so.

Would love to go, but that stadium is a joke