| Co-Owner... 09:32 - Apr 24 with 1676 views | Marshalls_Mullet |
It's interesting that the "3 Lions" keep being referred to as co owners.
It's a strange tag for people with a 1.5% share holding each. Technically correct I guess.
Having said that, I like what I've heard from them so far. |  |
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| Co-Owner... on 09:38 - Apr 24 with 1439 views | Pinewoodblue |
Especially when you consider Marcus still owns as much as they do.
Fans still, through ITFC PLC , own an eighth of the club but that will no doubt reduce over time. |  |
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| Co-Owner... on 09:47 - Apr 24 with 1382 views | trncbluearmy |
Yeah it's a completely wrong and misleading description, there are plenty of fans with similar amounts of shares and me still holds 5%.
But as he is not a director has no input in the running of the club, thank god.
ITFC have gone back to a similar setup like the good of days,we have a chairmen and board who are all shareholders,they run the club.
The difference now is we have a pension fund owning the majority of remaining shares instead of the fans. |  | | |
| Co-Owner... on 09:50 - Apr 24 with 1363 views | Pinewoodblue |
| Co-Owner... on 09:47 - Apr 24 by trncbluearmy |
Yeah it's a completely wrong and misleading description, there are plenty of fans with similar amounts of shares and me still holds 5%.
But as he is not a director has no input in the running of the club, thank god.
ITFC have gone back to a similar setup like the good of days,we have a chairmen and board who are all shareholders,they run the club.
The difference now is we have a pension fund owning the majority of remaining shares instead of the fans. |
Not really, they will take more out than they put in in finance terms. For all we know they gifted themselves the 5%. | |
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| Co-Owner... on 09:51 - Apr 24 with 1364 views | The_Flashing_Smile |
Yeah, I asked the other day, but no-one answered - who are the other people in ORG? Given they own most of the club it would be nice to know who they are! Whilst Brett Johnson and Berke Bakay seem decent, enthusiastic chaps, the reality is they don't actually own that much of the club. |  |
| Trust the process. Trust Phil. |
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| Co-Owner... on 09:53 - Apr 24 with 1354 views | trncbluearmy |
| Co-Owner... on 09:50 - Apr 24 by Pinewoodblue |
Not really, they will take more out than they put in in finance terms. For all we know they gifted themselves the 5%. |
Sorry do not understand the point you are trying to make | | | |
| Co-Owner... on 09:53 - Apr 24 with 1363 views | PhilTWTD |
It is how the club are describing them. I take the point re the five per cent but obviously they are on the board and there is obviously a relationship with the pension fund who own 90 per cent.
However, the day to day running will be done by Mark Ashton working to Mike O'Leary, so it's not that they'll be the ones directly running the club. |  | | |
| Co-Owner... on 09:55 - Apr 24 with 1344 views | PhilTWTD |
| Co-Owner... on 09:51 - Apr 24 by The_Flashing_Smile |
Yeah, I asked the other day, but no-one answered - who are the other people in ORG? Given they own most of the club it would be nice to know who they are! Whilst Brett Johnson and Berke Bakay seem decent, enthusiastic chaps, the reality is they don't actually own that much of the club. |
ORG are the managers of the investment for Arizona PSPRS Trust, who are ultimately the owners of 90 per cent of the club. | | | |
| Co-Owner... on 10:01 - Apr 24 with 1305 views | Wacko |
It's all about Ordinary voting shares. ORG own 9 and Three Lions own 3 so it seems like they actually have more influence than just 5% |  |
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| Co-Owner... on 10:02 - Apr 24 with 1293 views | The_Flashing_Smile |
| Co-Owner... on 09:55 - Apr 24 by PhilTWTD |
ORG are the managers of the investment for Arizona PSPRS Trust, who are ultimately the owners of 90 per cent of the club. |
Yes I know, but who are the actual people in ORG? How much of ORG do they own (and thus the club)? And is the boss of ORG the ultimate boss of ITFC?
It's all a bit shady isn't it, given how much of us they own? | |
| Trust the process. Trust Phil. |
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| Co-Owner... on 10:05 - Apr 24 with 1272 views | trncbluearmy |
| Co-Owner... on 09:53 - Apr 24 by PhilTWTD |
It is how the club are describing them. I take the point re the five per cent but obviously they are on the board and there is obviously a relationship with the pension fund who own 90 per cent.
However, the day to day running will be done by Mark Ashton working to Mike O'Leary, so it's not that they'll be the ones directly running the club. |
Anyone who has a single share is a co owner,really think club need to rethink how this is presented there's nothing wrong with it just a little misleading, unintentionally.
No one ever described Sheepy and the rest of the board then as co owners.
The responsibility lies with the chairmen and board to run the club I dare say Ashton will also be a shareholder. | | | |
| Co-Owner... on 10:06 - Apr 24 with 1268 views | Guthrum |
| Co-Owner... on 10:01 - Apr 24 by Wacko |
It's all about Ordinary voting shares. ORG own 9 and Three Lions own 3 so it seems like they actually have more influence than just 5% |
That's the thing. Not all shares have equal weight, especially in terms of decisionmaking (or, indeed, of taking money back out again). |  |
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| Co-Owner... on 10:06 - Apr 24 with 1277 views | J2BLUE |
Posts like this do my head in. I know it's correct they own 5% between them but as Phil says they are on the board. They are enthusiastic and engaging with the fanbase. They are passionate and interested. They are everything we wanted when Evans was still in power.
Just enjoy it. The level of interest they are showing clearly shows they are quite excited about this project. |  |
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| Co-Owner... on 10:07 - Apr 24 with 1266 views | PhilTWTD |
| Co-Owner... on 10:02 - Apr 24 by The_Flashing_Smile |
Yes I know, but who are the actual people in ORG? How much of ORG do they own (and thus the club)? And is the boss of ORG the ultimate boss of ITFC?
It's all a bit shady isn't it, given how much of us they own? |
Arizona PSPRS Trust is more the owner looking at it that way. Not sure it's shady, it's an investment, they've got other people running it for them, ORG, the Three Lions, Mike O'Leary and Mark Ashton through Gamechanger. I can't say I'm an expert but I assume pension funds for publicly run bodies have to be reasonably transparent in the way they're run.
https://www.psprs.com | | | |
| Co-Owner... on 10:08 - Apr 24 with 1237 views | Swansea_Blue |
They've the driving force that made it happen aren't they. They've brokered with the pension fund, handled dealings with Marcus, etc. OK, they only have 5% between them, but it's the most important holding. |  |
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| Co-Owner... on 10:10 - Apr 24 with 1217 views | Marshalls_Mullet |
| Co-Owner... on 10:06 - Apr 24 by J2BLUE |
Posts like this do my head in. I know it's correct they own 5% between them but as Phil says they are on the board. They are enthusiastic and engaging with the fanbase. They are passionate and interested. They are everything we wanted when Evans was still in power.
Just enjoy it. The level of interest they are showing clearly shows they are quite excited about this project. |
Chill out bro.
Just an observation.
Thanks for agreeing with me  | |
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| Co-Owner... on 10:12 - Apr 24 with 1194 views | Marshalls_Mullet |
| Co-Owner... on 10:08 - Apr 24 by Swansea_Blue |
They've the driving force that made it happen aren't they. They've brokered with the pension fund, handled dealings with Marcus, etc. OK, they only have 5% between them, but it's the most important holding. |
Agree they are the driving force, although ORG is pretty important. | |
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| Co-Owner... on 10:12 - Apr 24 with 1194 views | J2BLUE |
| Co-Owner... on 10:10 - Apr 24 by Marshalls_Mullet |
Chill out bro.
Just an observation.
Thanks for agreeing with me |
I'm perfectly chilled out. We've gone from zero engagement to suddenly having incredible access to those at the top. Exciting times. | |
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| Co-Owner... on 10:13 - Apr 24 with 1185 views | trncbluearmy |
| Co-Owner... on 10:02 - Apr 24 by The_Flashing_Smile |
Yes I know, but who are the actual people in ORG? How much of ORG do they own (and thus the club)? And is the boss of ORG the ultimate boss of ITFC?
It's all a bit shady isn't it, given how much of us they own? |
The new ultimate beneficial owner of the Club is a US investment fund called ORG, which manage funds on behalf of a large US pension fund and will own 90% of Gamechanger 20 Ltd. The ORG representative is Ed Schwartz.
Suppose you could argue the true owners are all the members of the pension fund if it's a mutual fund.
Because of our ultimate owner ITFC will be strictly regulated. | | | |
| Co-Owner... on 10:14 - Apr 24 with 1156 views | Marshalls_Mullet |
| Co-Owner... on 10:12 - Apr 24 by J2BLUE |
I'm perfectly chilled out. We've gone from zero engagement to suddenly having incredible access to those at the top. Exciting times. |
As I said in my OP... I like what I've heard so far. | |
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| Co-Owner... on 10:14 - Apr 24 with 1147 views | J2BLUE |
| Co-Owner... on 10:07 - Apr 24 by PhilTWTD |
Arizona PSPRS Trust is more the owner looking at it that way. Not sure it's shady, it's an investment, they've got other people running it for them, ORG, the Three Lions, Mike O'Leary and Mark Ashton through Gamechanger. I can't say I'm an expert but I assume pension funds for publicly run bodies have to be reasonably transparent in the way they're run.
https://www.psprs.com |
So why won't you tell Gav what you've invested his in? | |
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| Co-Owner... on 10:15 - Apr 24 with 1145 views | Swansea_Blue |
| Co-Owner... on 10:12 - Apr 24 by Marshalls_Mullet |
Agree they are the driving force, although ORG is pretty important. |
Yeah, doesn't happen without either does it. It's going to be an interesting next 12 months to see if they can start to deliver on the hype. | |
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| Co-Owner... on 10:16 - Apr 24 with 1118 views | Marshalls_Mullet |
| Co-Owner... on 10:15 - Apr 24 by Swansea_Blue |
Yeah, doesn't happen without either does it. It's going to be an interesting next 12 months to see if they can start to deliver on the hype. |
Yep. All about the execution of the plan.
I remember when Mike Ashley was 'one of the fan's on a matchday.
I do think these guys have the right attitude though. | |
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| Co-Owner... on 10:17 - Apr 24 with 1118 views | Guthrum |
ITFC is owned by Gamechanger 20 Ltd. Three of the five Directors of that company are Johnson, Detmer and Bakay, collectively the "Three Lions". The other two being Schwartz (from ORG) and O'Leary. Thus they have three-fifths control of the organisation which owns the club.
In business, "ownership" is ascribed to those who have the largest controlling interest, not necessarily the largest financial input. Otherwise banks and investment lenders would "own" virtually everything. Football is unusual in that the "owner" is often also the largest investor*.
* Or companies they control. ITFC's biggest financial investor was formerly a subsidiary of the Marcus Evans Group, not the man himself. | |
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| Co-Owner... on 10:44 - Apr 24 with 1039 views | Freddies_Ears |
| Co-Owner... on 09:47 - Apr 24 by trncbluearmy |
Yeah it's a completely wrong and misleading description, there are plenty of fans with similar amounts of shares and me still holds 5%.
But as he is not a director has no input in the running of the club, thank god.
ITFC have gone back to a similar setup like the good of days,we have a chairmen and board who are all shareholders,they run the club.
The difference now is we have a pension fund owning the majority of remaining shares instead of the fans. |
As things stand, there are very few individuals with 1% or more of ITFC. The Three Lions, ME plus just 2 or 3 PLC shareholders.
The top 20 PLC shareholders own well over 50% of the PLC, but that's still only around 7% of ITFC (and it will shrink in future).
A 1% stake in ITFC (now) would have cost around £200k in the 2003 share issue... | | | |
| Co-Owner... on 11:04 - Apr 24 with 969 views | Fixed_It |
| Co-Owner... on 10:05 - Apr 24 by trncbluearmy |
Anyone who has a single share is a co owner,really think club need to rethink how this is presented there's nothing wrong with it just a little misleading, unintentionally.
No one ever described Sheepy and the rest of the board then as co owners.
The responsibility lies with the chairmen and board to run the club I dare say Ashton will also be a shareholder. |
I have shares. I do not consider myself to be a co-owner, but am quite happy for these guys to be labelled as such. |  |
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