If the preferred bidder gets control of the club? Frankly I cannot see how that will not happen.

What happens to the shares that are owned by individual trust members? I like others put my hand in my pocket and bought community shares and like everyone else that did for £50 or however much you put in (A few hundred in my case) hold one ordinary share. If the new owners have 51% of the shares and the trust hold the other 49% am I correct in thinking that all of those ordinary shares are no longer owned by the individuals concerned?

If so they lose their say (I know they never had a say in reality) and their priority tickets for big games as well as the thought of being in a small way an owner?

CB. wrote: September 14th, 2023, 6:50 pm If the preferred bidder gets control of the club? Frankly I cannot see how that will not happen.

What happens to the shares that are owned by individual trust members? I like others put my hand in my pocket and bought community shares and like everyone else that did for £50 or however much you put in (A few hundred in my case) hold one ordinary share. If the new owners have 51% of the shares and the trust hold the other 49% am I correct in thinking that all of those ordinary shares are no longer owned by the individuals concerned?

If so they lose their say (I know they never had a say in reality) and their priority tickets for big games as well as the thought of being in a small way an owner?

You have got it all wrong. Let me try and explain. The trust do not own 100 percent of the shares (club). They have under their control 79 percent, the other 21 percent are owned by a number of other individuals that bought them quite a while ago when they started the club up again 1989.

When the new owners take control of the club in the next few months they will own 51 percent and the trust will own 28 percent and the rest will still be owned by a number of other individuals (21 percent).

Torquay Exile wrote: September 14th, 2023, 7:20 pm

CB. wrote: September 14th, 2023, 6:50 pm If the preferred bidder gets control of the club? Frankly I cannot see how that will not happen.

What happens to the shares that are owned by individual trust members? I like others put my hand in my pocket and bought community shares and like everyone else that did for £50 or however much you put in (A few hundred in my case) hold one ordinary share. If the new owners have 51% of the shares and the trust hold the other 49% am I correct in thinking that all of those ordinary shares are no longer owned by the individuals concerned?

If so they lose their say (I know they never had a say in reality) and their priority tickets for big games as well as the thought of being in a small way an owner?

You have got it all wrong. Let me try and explain. The trust do not own 100 percent of the shares (club). They have under their control 79 percent, the other 21 percent are owned by a number of other individuals that bought them quite a while ago when they started the club up again 1989.

When the new owners take control of the club in the next few months they will own 51 percent and the trust will own 28 percent and the rest will still be owned by a number of other individuals (21 percent).

That's accurately and succinctly put, Torquay.

Believe CB and others are getting confused between community shares and ordinary shares. The proposed takeover does not involve your community shares. Your community shares does not mean you have an ordinary share.

OLDCROMWELLIAN wrote: September 14th, 2023, 7:30 pm

Torquay Exile wrote: September 14th, 2023, 7:20 pm

CB. wrote: September 14th, 2023, 6:50 pm If the preferred bidder gets control of the club? Frankly I cannot see how that will not happen.

What happens to the shares that are owned by individual trust members? I like others put my hand in my pocket and bought community shares and like everyone else that did for £50 or however much you put in (A few hundred in my case) hold one ordinary share. If the new owners have 51% of the shares and the trust hold the other 49% am I correct in thinking that all of those ordinary shares are no longer owned by the individuals concerned?

If so they lose their say (I know they never had a say in reality) and their priority tickets for big games as well as the thought of being in a small way an owner?

You have got it all wrong. Let me try and explain. The trust do not own 100 percent of the shares (club). They have under their control 79 percent, the other 21 percent are owned by a number of other individuals that bought them quite a while ago when they started the club up again 1989.

When the new owners take control of the club in the next few months they will own 51 percent and the trust will own 28 percent and the rest will still be owned by a number of other individuals (21 percent).

That's accurately and succinctly put, Torquay.

Believe CB and others are getting confused between community shares and ordinary shares. The proposed takeover does not involve your community shares. Your community shares does not mean you have an ordinary share.

Thank you. Yes you right in what just said a number of the supporters are getting confused. It would be a really good idea if they put more information on the trust website, or maybe they could hand some leaflets out at the next home game explaining how it going work in coming months.

Torquay Exile wrote: September 14th, 2023, 7:46 pm

OLDCROMWELLIAN wrote: September 14th, 2023, 7:30 pm

Torquay Exile wrote: September 14th, 2023, 7:20 pm

CB. wrote: September 14th, 2023, 6:50 pm If the preferred bidder gets control of the club? Frankly I cannot see how that will not happen.

What happens to the shares that are owned by individual trust members? I like others put my hand in my pocket and bought community shares and like everyone else that did for £50 or however much you put in (A few hundred in my case) hold one ordinary share. If the new owners have 51% of the shares and the trust hold the other 49% am I correct in thinking that all of those ordinary shares are no longer owned by the individuals concerned?

If so they lose their say (I know they never had a say in reality) and their priority tickets for big games as well as the thought of being in a small way an owner?

You have got it all wrong. Let me try and explain. The trust do not own 100 percent of the shares (club). They have under their control 79 percent, the other 21 percent are owned by a number of other individuals that bought them quite a while ago when they started the club up again 1989.

When the new owners take control of the club in the next few months they will own 51 percent and the trust will own 28 percent and the rest will still be owned by a number of other individuals (21 percent).

That's accurately and succinctly put, Torquay.

Believe CB and others are getting confused between community shares and ordinary shares. The proposed takeover does not involve your community shares. Your community shares does not mean you have an ordinary share.

Thank you. Yes you right in what just said a number of the supporters are getting confused. It would be a really good idea if they put more information on the trust website, or maybe they could hand some leaflets out at the next home game explaining how it going work in coming months.

Good idea.

The preferred bidder is the one who is going to maintain the status quo anyway. I have that on good authority (and not from Stan before d1ckhead starts).

Won't necessarily be in the clubs best interests.

Yes, community shares provided a fund to raise capital to kick start the trust financing the day to day running of the club. I, like many others own a few shares in the football club. That mostly goes back to the resurrection of the club to compete in the Hellenic league. In total, these shareholders own 21% of the club shares. Very many have 1/2/.…..10 shares. The Trust is the major shareholder (the other 79%). These are the shares, well some of them, that will pass to the successful bidder if the Trust members (NOT community share contributors) vote to agree to such an arrangement. If 51% is transferred this will leave the Trust holding 28% and literally hundreds of individuals owning the 21% that were never held by the Supporters Trust.

Edit : Sorry, Torquay, I seem to have repeated your response.

I think the whole thing is deliberately confusing.

The money raised to buy the club from Lotto Les was raised by buying community shares. Those shares are being nominally passed to a consortium so that they will be majority shareholders in the club. Common sense would suggest that those owning community shares (and the club will have the names of all these) would make the decision whether to bestow them to the potential consortium(s) or not. Instead the decision could be made by someone who has joined the club in the last days and whom could cancel their standing order after the vote is taken...

Torquay Exile wrote: September 14th, 2023, 7:20 pm

CB. wrote: September 14th, 2023, 6:50 pm If the preferred bidder gets control of the club? Frankly I cannot see how that will not happen.

What happens to the shares that are owned by individual trust members? I like others put my hand in my pocket and bought community shares and like everyone else that did for £50 or however much you put in (A few hundred in my case) hold one ordinary share. If the new owners have 51% of the shares and the trust hold the other 49% am I correct in thinking that all of those ordinary shares are no longer owned by the individuals concerned?

If so they lose their say (I know they never had a say in reality) and their priority tickets for big games as well as the thought of being in a small way an owner?

You have got it all wrong. Let me try and explain. The trust do not own 100 percent of the shares (club). They have under their control 79 percent, the other 21 percent are owned by a number of other individuals that bought them quite a while ago when they started the club up again 1989.

When the new owners take control of the club in the next few months they will own 51 percent and the trust will own 28 percent and the rest will still be owned by a number of other individuals (21 percent).

Thanks for that, I realise that there are “Otiginal share holders” too.

If it wasn’t from the community shares, how did the trust come to have a majority stake?

Definitely says ordinary shares on the share certificate but of the “Newport County AFC Supporters Trust” not of the football club.

It also says in the offer letter that you can withdraw your money and that you “Could” earn interest up-to 2% above the Bank of England base rate. Lol

CB. wrote: September 14th, 2023, 11:04 pm

Torquay Exile wrote: September 14th, 2023, 7:20 pm

CB. wrote: September 14th, 2023, 6:50 pm If the preferred bidder gets control of the club? Frankly I cannot see how that will not happen.

What happens to the shares that are owned by individual trust members? I like others put my hand in my pocket and bought community shares and like everyone else that did for £50 or however much you put in (A few hundred in my case) hold one ordinary share. If the new owners have 51% of the shares and the trust hold the other 49% am I correct in thinking that all of those ordinary shares are no longer owned by the individuals concerned?

If so they lose their say (I know they never had a say in reality) and their priority tickets for big games as well as the thought of being in a small way an owner?

You have got it all wrong. Let me try and explain. The trust do not own 100 percent of the shares (club). They have under their control 79 percent, the other 21 percent are owned by a number of other individuals that bought them quite a while ago when they started the club up again 1989.

When the new owners take control of the club in the next few months they will own 51 percent and the trust will own 28 percent and the rest will still be owned by a number of other individuals (21 percent).

Thanks for that, I realise that there are “Otiginal share holders” too.

If it wasn’t from the community shares, how did the trust come to have a majority stake?

Community share are not real shares as such. The money raised from the community share was there for capital to run the club. Les Scadding was going to sell the real shares to the trust over a period of time. If the trust couldn't raise the £330,000 needed to run the club by a certain date, he would've sold his shares to someone else that was the agreement he had with the trust. We don't really own 78 percent of the club until we have finally paid Les the £330,00 if I remember rightly that will be in the next few months.

The trust did try to get the remaining 21 percent of the shares from the remaining shareholders by asking them to donate their shares to the trust. The owners of the remaining shares said "No". If I remember rightly they said if the trust wanted the shares they would have to offer money for them, but at higher rate than they are paying Les Scadding for each share.

CB. wrote: September 14th, 2023, 11:41 pm It also says in the offer letter that you can withdraw your money and that you “Could” earn interest up-to 2% above the Bank of England base rate. Lol

I believe the offer said you had the right to apply to have your money back if the Trust deemed they could afford it. Not an automatic right.

OLDCROMWELLIAN wrote: September 15th, 2023, 7:58 am

CB. wrote: September 14th, 2023, 11:41 pm It also says in the offer letter that you can withdraw your money and that you “Could” earn interest up-to 2% above the Bank of England base rate. Lol

I believe the offer said you had the right to apply to have your money back if the Trust deemed they could afford it. Not an automatic right.

I think we all really knew we were merely making a donation to help save the club from oblivion as there was a marked absence of interest in taking the club over from Lotto Les, certainly I never heard of any money men in the wings.
The couple of hundred quid that I could afford at the time was never regarded by me as an investment and I knew the “ share certificate “ was worth roughly the value of the paper it is printed on. I do sympathise though with anyone who thought they were of any value to them in the future.