Leyton Orient

Discussion in 'Bulletin Board' started by OnGoingCloud1887, Jun 23, 2017.

  1. OnGoingCloud1887

    OnGoingCloud1887 Well-Known Member

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  2. Con

    Conan Troutman Well-Known Member

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    Yet no one, absolutely no one is interested in BFC.

    Good to luck to Leyton Orient and their loyal supporters.
     
  3. LDR

    LDRed Well-Known Member

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    I wouldn't celebrate too soon. New owners can go either way, so let's wait and see...

    Hopefully on their road to recovery though, a good club with good fans.
     
  4. Xer

    Xerxes Well-Known Member

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    There was interest in buying our shares at £250 a share when we got to the Prem. Unfortunately not taken up on the advice of the Chairman and over 400 Barnsley shareholders finished with nothing after we went into administration.
     
  5. Le Gessien

    Le Gessien Well-Known Member

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    That's interesting. Presumably the offer was for a complete take over of the club as the pre-administration company had an unusual voting structure of 1 vote per shareholding (not per share like most companies). This meant that if one person had, say, 98 shares and there were two other shareholders with one share each, then the two single shares could out vote the 98 shares. This was why no one would buy the old company but instead formed new companies to buy the assets of the old company. I didn't know there had been a takeover offer for the club back in 1997/98.
     
  6. Red

    Red CB Well-Known Member

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    Lets hope Becchetti is not interested in our club, be wary of what you wish for.
     
  7. Con

    Conan Troutman Well-Known Member

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    So the only alternative is worse than the current situation?
     
  8. Red

    Red CB Well-Known Member

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    We would all welcome sound investment in our club, however, all I am saying is that new investors do not always work out, its a gamble.
     
  9. Con

    Conan Troutman Well-Known Member

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    The way people talk the only alternative is somewhere between Karl Oyston and Charles Ponzi.
     

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