| New Board - Some questions from a cynical person 16:59 - Aug 13 with 1788 views | DublinBlue84 |
Some questions need answering here
1) Who is the majority shareholder now?
2) Who owns what percentage now?
2) Aren't the original American owners now quite heavily outnumbered on the board by Bright Path and the new people announced, so now will be able to be easily outvoted by the new people?
A cynic might say it seems somewhat coincidental that Mike O'Leary walked away a few weeks ago and now we seem to have a quite large board, after O'Leary said initially during the Bright Path investment that he was mindful to avoid having large, unwieldy boards that were too big with too many people represented that slows down decision making. We now may have exactly that.
Just seems that we are more and more at the whims of private equity and not at ORG and that worries me somewhat as ORG were doing great as majority owners but PE firms don't have a great record in football and we seem to be heading to the point where they are now gaining more and more control over the club.
There just seems to be a lot of different people with a lot of different interests being represented now and the ownership structure and shareholding has now become quite complex for the ordinary supporter to readily grasp. [Post edited 13 Aug 2024 17:02]
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| New Board - Some questions from a cynical person on 17:05 - Aug 13 with 1696 views | FrimleyBlue |
Don't forget the original owners are the pension pot and they still are.
Gamechanger are a group of investors in the club which will continue to grow.
At some point the pension pot will indeed go. But they'll sell their shares to other highly investing businesses with am extreme amount of money behind them.
It's just a shame this happened for us now when years ago you were able to put together a man city side In one window. |  |
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| New Board - Some questions from a cynical person on 17:09 - Aug 13 with 1642 views | le2blue |
They're a minority so don't have controlling interests. ORG remains the majority and representative of the pension fund.
This is about bringing in talent to help grow the business and these are some of the best in sports franchise growth, as per my other post, Marc has taken a failing NBA team and got them to become one of the most successful and sold for $3.5Bn.
These moves are partly, albeit a small part, why Kieran has stayed to lead the project - we're now one of the most well-funded teams in Europe and have top-tier talent who only financially benefit from us being successful. Mike O'Leary did his job in buying the club from Evans, but since then he has only been in a match day capacity and advisor to Ashton, has nothing to do with the day to day. |  | | |
| New Board - Some questions from a cynical person on 17:17 - Aug 13 with 1540 views | FullerFlavour |
From what I understand, Gamechanger20 are the majority shareholders still. Previously, they owned 50%, Three Lions 10%, and Bright Path 40%. If the latter is now 44%, you would assume that one of the other parties percentage has been diluted by 4% or both diluted by 2%. Either way, that would still make GC20 the majority ownership group.
As for the boards, and again, from my understanding, the Holding Company Board has Ed Schwartz (ORG), Brett Johnson (Three Lions), Jake Zahnow (Bright Path), Travis Viola (Avenue Capital - partner of Bright Path), and Sam Simon (Simon Sports). This is supplemented by four club personnel (including Matt Holland) on the management side.
The ITFC board is made up of five club personnel (again including Matt Holland), plus investor representatives in Berke Bakay and Marc Lasry.
So, I don't think that the original American owners are heavily outnumbered.
That's how I view it. Happy to be corrected.
[Post edited 13 Aug 2024 17:19]
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| New Board - Some questions from a cynical person on 17:18 - Aug 13 with 1509 views | SheffordBlue |
An alternate view might be that these are some really serious people who will constructively challenge Ashton - one of the concerns with O'Leary stepping down and Ashton taking over the Chairman as well as CEO roles was that this wouldn't take place. | |
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| New Board - Some questions from a cynical person on 17:32 - Aug 13 with 1336 views | MK1 |
I'll leave that to those who think they need to know.
I just need the line up for Saturday. |  |
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| New Board - Some questions from a cynical person on 17:46 - Aug 13 with 1243 views | Guthrum |
The boards of the two companies (Ipswich Town Football Club Ltd and Gamechanger 20 Ltd) are not that large.
Bakay, Detmer and O'Leary are no longer directors of GC20 - Schwartz, Johnson, Ashton, Werhun, Simon, Zahnow and Ball are the current listed members. Plus two more with Viola and Holland to make nine.
Current listed directors of ITFC Ltd are Ashton, Werhun, Bakay and Ball. Plus Lasry and Holland will make just six.
Both of those assuming no one else leaves prior to the new appointment. |  |
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| New Board - Some questions from a cynical person on 18:02 - Aug 13 with 1110 views | Illinoisblue |
The surge in Americans owning and/or investing in English football clubs is fascinating to me considering their background in American sports is one of no relegation and where owning a sports franchise (puke) is basically a license to print money regardless of how well the team is doing. |  |
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| New Board - Some questions from a cynical person on 18:31 - Aug 13 with 914 views | RadioOrwell |
| New Board - Some questions from a cynical person on 17:32 - Aug 13 by MK1 |
I'll leave that to those who think they need to know.
I just need the line up for Saturday. |
I really don’t need to know the answers to any of those questions. |  | | |
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