| Evans' shares 07:14 - May 20 with 1209 views | Zx1988 |
I imagine it would be hard to find out, but does anyone know how the buying-up of Evans' shares happened? Who approached who?
I only wonder this as, if the club offered to buy back the shares, it seems to have been a pretty pointless (and, no doubt, expensive) PR exercise. Buying back a few hundred shares with no voting rights attached, purely to be able to announce some 'good news' at the awards night.
Can those with knowledge of such things say whether there's an actual tangible benefit to the club from bringing these shares back in house?
It just strikes me as a little cynical, especially when the club effectively wrote off the PLC's shares by removing their dividend, rather than offering to buy them back from those who wanted to sell.
 No Dividends For PLC Shareholders 29th Apr 2024 10:18The board of the Ipswich Town PLC has written to its shareholders confirming that its stake in the club has now reduced to less than one per cent and outlining that any dividends taken out of Town in future will go solely to majority owners Gamechanger 20 Ltd.  27
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| Evans' shares on 07:29 - May 20 with 1152 views | lurcher |
I don't think that they are the same shares. Evans shares were in Game Changer. GC owns about 90% of the club. The benefit is GC can sell them to someone else who will put money in. |  | | |
| Evans' shares on 07:35 - May 20 with 1116 views | Zx1988 |
| Evans' shares on 07:29 - May 20 by lurcher |
I don't think that they are the same shares. Evans shares were in Game Changer. GC owns about 90% of the club. The benefit is GC can sell them to someone else who will put money in. |
I think it's all the same general setup though. Back when GC bought in, they bought 95%(?) of the club, whilst the PLC retained a 5% share.
A lack of available shares certainly hasn't prevented investment in the past - when BrightPath bought in, shares were created for them, which diluted the already-existing shareholdings.
Unless I'm missing something about how shares work, Evans' shares were pointless in the grand scheme of things - he held about a 1% share with no voting rights. | |
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| Evans' shares on 08:06 - May 20 with 1033 views | wolfyattheback |
| Evans' shares on 07:35 - May 20 by Zx1988 |
I think it's all the same general setup though. Back when GC bought in, they bought 95%(?) of the club, whilst the PLC retained a 5% share.
A lack of available shares certainly hasn't prevented investment in the past - when BrightPath bought in, shares were created for them, which diluted the already-existing shareholdings.
Unless I'm missing something about how shares work, Evans' shares were pointless in the grand scheme of things - he held about a 1% share with no voting rights. |
Like Ed's 1% of shares that are pointless in the grand scheme off things, but fans laud him for being a part of the club like he has supported us his entire life (which he hasn't)... | | | |
| Evans' shares on 08:10 - May 20 with 1025 views | lurcher |
| Evans' shares on 07:35 - May 20 by Zx1988 |
I think it's all the same general setup though. Back when GC bought in, they bought 95%(?) of the club, whilst the PLC retained a 5% share.
A lack of available shares certainly hasn't prevented investment in the past - when BrightPath bought in, shares were created for them, which diluted the already-existing shareholdings.
Unless I'm missing something about how shares work, Evans' shares were pointless in the grand scheme of things - he held about a 1% share with no voting rights. |
The shares in GC and the club are different. The investment all happened through GC. Shareholders had to keep investing money to cover the clubs spend and maintain their % ownership. Evans didn't put in and his ownership dwindled to a small %. Evans shares were far from pointless. Given that the club is now valued at far more than it was when GC took over. I expect his tiny % was purchased for a decent sum of money, probably well above their actual worth. For him it was a bonus, a way to make money from the Towns future success, should it happen. There could well have been a clause that GC had to purchase his shares after 1 year in the Premier league. | | | |
| Evans' shares on 08:20 - May 20 with 976 views | Zx1988 |
| Evans' shares on 08:10 - May 20 by lurcher |
The shares in GC and the club are different. The investment all happened through GC. Shareholders had to keep investing money to cover the clubs spend and maintain their % ownership. Evans didn't put in and his ownership dwindled to a small %. Evans shares were far from pointless. Given that the club is now valued at far more than it was when GC took over. I expect his tiny % was purchased for a decent sum of money, probably well above their actual worth. For him it was a bonus, a way to make money from the Towns future success, should it happen. There could well have been a clause that GC had to purchase his shares after 1 year in the Premier league. |
When I say 'pointless', what I mean is that they had no impact upon the ability of GC to run the club. Evans held a small fraction of the available shares, had no voting rights, and GC are able to create new shares seemingly at will.
It's not as if he was a vocal dissenter, with voting rights, who would have been able to make things difficult for the ownership group.
He could have been left to his own devices, without the club having to spend (one assumes) a seven-figure sum to buy him out. | |
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| Evans' shares on 08:25 - May 20 with 934 views | Nthsuffolkblue |
It seems on the face of it as if Evans has been rewarded for his investment into the club whilst those who bought shares to help the club out of administration are receiving nothing back for doing so. |  |
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| Evans' shares on 09:27 - May 20 with 842 views | lurcher |
| Evans' shares on 08:20 - May 20 by Zx1988 |
When I say 'pointless', what I mean is that they had no impact upon the ability of GC to run the club. Evans held a small fraction of the available shares, had no voting rights, and GC are able to create new shares seemingly at will.
It's not as if he was a vocal dissenter, with voting rights, who would have been able to make things difficult for the ownership group.
He could have been left to his own devices, without the club having to spend (one assumes) a seven-figure sum to buy him out. |
GC didn't really create shares. They or the club received money for a % stake in GC. Effectively the peneion fund owns a smaller % of something that is worth more than they paid for it.
Evans engineered a little bonus for himself. The new owners of the club were happy to agree to him doing it as part of the sale. It isn't unusual and happens quite a bit. Especially when a bigger company buys out say a family business and they may want to call on the former owner for advice.
Buying up his shares in GC is just tidying things up and makes the process of selling the club easier in the future. We are down to three significant pools, of the pension fund, bright path and the individual investor bucket including Sheerhan.
That 95% of the club, is the club, once you own 51% of something you can force all of the other shareholders to sell you the shares they hold.
The 5% owned by original shareholders and fans who bought was fairly meaningless, beyond sentimental reasons. It wasn't really the case that the club was going back to those shareholders and saying we need X for transfers and running the club this year. | | | |
| Evans' shares on 09:41 - May 20 with 785 views | PhilTWTD |
| Evans' shares on 08:06 - May 20 by wolfyattheback |
Like Ed's 1% of shares that are pointless in the grand scheme off things, but fans laud him for being a part of the club like he has supported us his entire life (which he hasn't)... |
As an aside, Ed has twice as many GC shares as Marcus. Ed has 884 and Marcus had 420 as of April. Someone may be able to do the maths on the percentages of who owns how much.
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/IgANs |  | | |
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| Evans' shares on 11:26 - May 20 with 645 views | lurcher |
It's difficult to know as it will be about valuation. A valuation that GC put on their stock as they are not public. Evans shares came in to existence in league one. Ed bought in or was given shares for promoting the club when we were in the championship. | | | |
| Evans' shares on 11:34 - May 20 with 617 views | PhilTWTD |
| Evans' shares on 11:26 - May 20 by lurcher |
It's difficult to know as it will be about valuation. A valuation that GC put on their stock as they are not public. Evans shares came in to existence in league one. Ed bought in or was given shares for promoting the club when we were in the championship. |
Was thinking percentages rather than cash figures, although with all the various types of share that's presumably not easily worked out either, but not really my area. Broadly, the pension find via ORG own 51 per cent-ish of the club and I assume, extrapolating from what I've previously been told about ME's diluted stake, Ed's share is one per cent, if that probably. | | | |
| Evans' shares on 11:39 - May 20 with 594 views | J2BLUE |
Does it really matter?
Lots of fans will be thrilled Evans is finally no longer part of the club.
It really does feel like some people want to dig very deep to find things to criticise. |  |
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| Evans' shares on 13:18 - May 20 with 419 views | Farmerpiles |
He's gone. Finally & completely. |  | | |
| Evans' shares on 13:47 - May 20 with 371 views | lurcher |
| Evans' shares on 11:34 - May 20 by PhilTWTD |
Was thinking percentages rather than cash figures, although with all the various types of share that's presumably not easily worked out either, but not really my area. Broadly, the pension find via ORG own 51 per cent-ish of the club and I assume, extrapolating from what I've previously been told about ME's diluted stake, Ed's share is one per cent, if that probably. |
I think you just have to consider the 95% to be 100% of the value of the club.
Bright path bought in with 40%
There is about 10% owned by individual investors.
The ORG own the rest | | | |
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