| What does this change in structure actually mean? 16:09 - Dec 3 with 1048 views | Zx1988 |
Have ORG diluted their holdings? Is it all broadly the same but with a new layout?
Can any of the financial/corporate gurus here explain why the club has done what it has done? |  |
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| What does this change in structure actually mean? on 16:15 - Dec 3 with 1007 views | Bluish |
I asked AI to summarise in a format that was understandable:
That's quite a grown-up story! Here is a simple way to think about it:
Imagine the football club is a giant toy box ⚽🧸.
A big friend (PSPRS, the Arizona pension fund) used to own most of the toys in the box. They were the main boss.
Now, the big friend is saying, "I still like the toy box, but I want to have a little less of the toys." So, they are giving away some of their pieces.
Two other groups of friends (The Three Lions and Clara Vista Partners) are saying, "Great! We want more toys!" So they are getting bigger piles.
What's New?
A brand new club of friends called Portman Holdings is being created! This new group will now be the main boss and have the most toys.
This new club (Portman Holdings) is made up of the Big Friend's manager (ORG), the Three Lions, and Clara Vista Partners. They all have a similar number of toys inside this new club.
The most important thing to know is that no new toys (money) are being put into the club. It's just that the friends who already own the toys are swapping who has how much.
It's like they're just rearranging their seats at the table! The club will keep playing football as usual! 🎉 |  | | |
| What does this change in structure actually mean? on 16:19 - Dec 3 with 950 views | Nthsuffolkblue |
| What does this change in structure actually mean? on 16:15 - Dec 3 by Bluish |
I asked AI to summarise in a format that was understandable:
That's quite a grown-up story! Here is a simple way to think about it:
Imagine the football club is a giant toy box ⚽🧸.
A big friend (PSPRS, the Arizona pension fund) used to own most of the toys in the box. They were the main boss.
Now, the big friend is saying, "I still like the toy box, but I want to have a little less of the toys." So, they are giving away some of their pieces.
Two other groups of friends (The Three Lions and Clara Vista Partners) are saying, "Great! We want more toys!" So they are getting bigger piles.
What's New?
A brand new club of friends called Portman Holdings is being created! This new group will now be the main boss and have the most toys.
This new club (Portman Holdings) is made up of the Big Friend's manager (ORG), the Three Lions, and Clara Vista Partners. They all have a similar number of toys inside this new club.
The most important thing to know is that no new toys (money) are being put into the club. It's just that the friends who already own the toys are swapping who has how much.
It's like they're just rearranging their seats at the table! The club will keep playing football as usual! 🎉 |
Why did the last sentence sound so reminiscent of the classic deckchairs on the Titanic line?
What I really want to know is which players are now owned by which of the partners?
I guess, if the summary is correct, there has been some exchange of monies between the parties to compensate for the change in ownership percentages. |  |
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| What does this change in structure actually mean? on 16:20 - Dec 3 with 936 views | FrimleyBlue |
| What does this change in structure actually mean? on 16:15 - Dec 3 by Bluish |
I asked AI to summarise in a format that was understandable:
That's quite a grown-up story! Here is a simple way to think about it:
Imagine the football club is a giant toy box ⚽🧸.
A big friend (PSPRS, the Arizona pension fund) used to own most of the toys in the box. They were the main boss.
Now, the big friend is saying, "I still like the toy box, but I want to have a little less of the toys." So, they are giving away some of their pieces.
Two other groups of friends (The Three Lions and Clara Vista Partners) are saying, "Great! We want more toys!" So they are getting bigger piles.
What's New?
A brand new club of friends called Portman Holdings is being created! This new group will now be the main boss and have the most toys.
This new club (Portman Holdings) is made up of the Big Friend's manager (ORG), the Three Lions, and Clara Vista Partners. They all have a similar number of toys inside this new club.
The most important thing to know is that no new toys (money) are being put into the club. It's just that the friends who already own the toys are swapping who has how much.
It's like they're just rearranging their seats at the table! The club will keep playing football as usual! 🎉 |
Basically a lot of different people wanting to be kept happy otherwise they'll dilute their own shares too is what i got from that. |  |
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| What does this change in structure actually mean? on 16:20 - Dec 3 with 942 views | Zx1988 |
| What does this change in structure actually mean? on 16:15 - Dec 3 by Bluish |
I asked AI to summarise in a format that was understandable:
That's quite a grown-up story! Here is a simple way to think about it:
Imagine the football club is a giant toy box ⚽🧸.
A big friend (PSPRS, the Arizona pension fund) used to own most of the toys in the box. They were the main boss.
Now, the big friend is saying, "I still like the toy box, but I want to have a little less of the toys." So, they are giving away some of their pieces.
Two other groups of friends (The Three Lions and Clara Vista Partners) are saying, "Great! We want more toys!" So they are getting bigger piles.
What's New?
A brand new club of friends called Portman Holdings is being created! This new group will now be the main boss and have the most toys.
This new club (Portman Holdings) is made up of the Big Friend's manager (ORG), the Three Lions, and Clara Vista Partners. They all have a similar number of toys inside this new club.
The most important thing to know is that no new toys (money) are being put into the club. It's just that the friends who already own the toys are swapping who has how much.
It's like they're just rearranging their seats at the table! The club will keep playing football as usual! 🎉 |
The bit that baffles me a little is that the make-up of the ownership hasn't changed, just the allocation of the shares.
Why does this (one assumes) now work better under the 'Portman Holdings' banner, rather than the original setup prior to today? | |
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| What does this change in structure actually mean? on 16:22 - Dec 3 with 891 views | Zx1988 |
| What does this change in structure actually mean? on 16:20 - Dec 3 by FrimleyBlue |
Basically a lot of different people wanting to be kept happy otherwise they'll dilute their own shares too is what i got from that. |
So, potentially, ORG decided that they wanted to cash in some of their chips, and the current other owners decided that they'd rather increase their own holdings, rather than have ORG sell to a third party? | |
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| What does this change in structure actually mean? on 16:22 - Dec 3 with 873 views | Metal_Hacker |
I guess it's all about "accountancy" and proper adult stuff |  |
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| What does this change in structure actually mean? on 17:13 - Dec 3 with 612 views | Zx1988 |
Trying to interpret the new structure according to Phil's article makes my brain hurt...
ITFC is owned by GC20.
GC20 is owned by a combination of, Portman Holdings, Three Lions, Bright Path, Brett Johnson, Berke Bakay, Mark Detmer, and Ed Sheeran.
Portman Holdings is owned by Three Lions, ORG, and Clara Vista.
Three Lions is owned by Berke Bakay and Brett Johnson.
Bright Path is owned by (amongst others) Clara Vista.
It all feels a bit messy - especially with the seeminly complex involvement of the Three Lions chaps in various guises. I assume there's, as Metal Hacker says, some sort of accountancy reasoning behind the (to my lay mind at least) weird structure of it all? | |
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| What does this change in structure actually mean? on 17:30 - Dec 3 with 540 views | PhilTWTD |
| What does this change in structure actually mean? on 16:20 - Dec 3 by Zx1988 |
The bit that baffles me a little is that the make-up of the ownership hasn't changed, just the allocation of the shares.
Why does this (one assumes) now work better under the 'Portman Holdings' banner, rather than the original setup prior to today? |
I think to keep the existing owners still at that level along with Clara Vista, continuity but also with the new money having a say. |  | | |
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| What does this change in structure actually mean? on 17:33 - Dec 3 with 518 views | PhilTWTD |
| What does this change in structure actually mean? on 16:22 - Dec 3 by Zx1988 |
So, potentially, ORG decided that they wanted to cash in some of their chips, and the current other owners decided that they'd rather increase their own holdings, rather than have ORG sell to a third party? |
I don't think ORG/pension fund was looking to sell to a third party. Brett's email and one similar sent by Bob Gold, from what I gather, was about getting investors for what has now happened. Both evidently raised the cash they needed. | | | |
| What does this change in structure actually mean? on 18:38 - Dec 3 with 336 views | Pinewoodblue |
| What does this change in structure actually mean? on 17:33 - Dec 3 by PhilTWTD |
I don't think ORG/pension fund was looking to sell to a third party. Brett's email and one similar sent by Bob Gold, from what I gather, was about getting investors for what has now happened. Both evidently raised the cash they needed. |
Presumably checking companies house sometime in the near future will, for people like Kieron Maguire, improve understanding of what these changes really mean. |  |
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| What does this change in structure actually mean? on 18:52 - Dec 3 with 257 views | Denny32 |
So will there be Money there for mckenna to invest in players in January all I want to know, and with so many owners now, will they all be in agreement to give money to mckenna in January ,or does that need a round the table discussion where it could be possible some may not want to invest more.. | | | |
| What does this change in structure actually mean? on 19:02 - Dec 3 with 219 views | bartyg |
| What does this change in structure actually mean? on 16:15 - Dec 3 by Bluish |
I asked AI to summarise in a format that was understandable:
That's quite a grown-up story! Here is a simple way to think about it:
Imagine the football club is a giant toy box ⚽🧸.
A big friend (PSPRS, the Arizona pension fund) used to own most of the toys in the box. They were the main boss.
Now, the big friend is saying, "I still like the toy box, but I want to have a little less of the toys." So, they are giving away some of their pieces.
Two other groups of friends (The Three Lions and Clara Vista Partners) are saying, "Great! We want more toys!" So they are getting bigger piles.
What's New?
A brand new club of friends called Portman Holdings is being created! This new group will now be the main boss and have the most toys.
This new club (Portman Holdings) is made up of the Big Friend's manager (ORG), the Three Lions, and Clara Vista Partners. They all have a similar number of toys inside this new club.
The most important thing to know is that no new toys (money) are being put into the club. It's just that the friends who already own the toys are swapping who has how much.
It's like they're just rearranging their seats at the table! The club will keep playing football as usual! 🎉 |
Jesus wept. |  | | |
| What does this change in structure actually mean? on 19:03 - Dec 3 with 211 views | PhilTWTD |
| What does this change in structure actually mean? on 18:38 - Dec 3 by Pinewoodblue |
Presumably checking companies house sometime in the near future will, for people like Kieron Maguire, improve understanding of what these changes really mean. |
I don't know that Companies House would tell us too much more than we know, other than perhaps some minutiae, will outline the ownership structure in the main, which we already know. | | | |
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