[Official Site] CLUB STATEMENT

Discussion in 'Bulletin Board' started by Newsbot, Aug 18, 2020.

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  1. BarnsleyReds

    BarnsleyReds Well-Known Member

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    I believe so. Yes. Through Oakwell Holdings.
     
    BarnsleyReds, Aug 18, 2020
    #221
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  2. wolvestyke

    wolvestyke Well-Known Member

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    Maybe but it'd be a bit surprising (at least to me) if his wife and son chose to do something Patrick didn't want back then. I would've thought they'd want to maintain his legacy. Unless something has substantially changed in the meantime of course that has led them to believe Patrick's view would now be different?
     
    wolvestyke, Aug 18, 2020
    #222
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  3. Jimmy viz

    Jimmy viz Well-Known Member

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    no they didn’t but 50% of the ground they thought they had an option to which is now in dispute.
     
    Jimmy viz, Aug 18, 2020
    #223
  4. wak

    wakeyred Well-Known Member

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    They paid an instalment, when push comes shove the crynes don’t have the right to give “the club” the 50% of the ground so “the club” have said you’re not getting the rest of the money then, or something like that.
     
    wakeyred, Aug 18, 2020
    #224
  5. lk3

    lk311 Well-Known Member

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    No Barnsley Fc Ltd is the ‘club’ in that it runs the day to day business and the Crynes own 20% of that. Investments own 100%
     
    lk311, Aug 18, 2020
    #225
  6. lk3

    lk311 Well-Known Member

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    No they own nothing in the HK based company
     
    lk311, Aug 18, 2020
    #226
  7. Sup

    SuperTyke Well-Known Member

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    Sorry fo being dumb but how can investments own 100% of the club and the crynes also own 20% of the club?
     
    SuperTyke, Aug 18, 2020
    #227
  8. BarnsleyReds

    BarnsleyReds Well-Known Member

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    "A new holding company called BFC Investment Company Ltd was created to hold 100% of Barnsley Football Club"

    If BFC Investment Company Ltd hold 100% of Barnsley Football Club and the crynes own 20% of Barnsley Football Club, but 0% of BFC Investment Company Ltd, that's 120%.
     
    BarnsleyReds, Aug 18, 2020
    #228
  9. BarnsleyReds

    BarnsleyReds Well-Known Member

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    I think I need to lie down.
     
    BarnsleyReds, Aug 18, 2020
    #229
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  10. lk3

    lk311 Well-Known Member

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    Oakwell holdings have absolutely nothing to do with Investments, there is no connection whatsoever.
     
    lk311, Aug 18, 2020
    #230
  11. lk3

    lk311 Well-Known Member

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    I think you do cos you’re saying Oakwell holdings are part of BFC Ltd and they are not.
     
    lk311, Aug 18, 2020
    #231
  12. BarnsleyReds

    BarnsleyReds Well-Known Member

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    So how do the Cryne family own their stake in BFC Investment Company Ltd? I posited that it was through Oakwell Holdings because that's the logical way for 'The Family' to own the shares, rather than an individual.
     
    BarnsleyReds, Aug 18, 2020
    #232
  13. lk3

    lk311 Well-Known Member

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    Reading it back I’ve not explained that well.
    I’m gonna give up cos everytime I write it reads the same...
     
    lk311, Aug 18, 2020
    #233
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  14. lk3

    lk311 Well-Known Member

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    Clearly shows James on the board as owner of BFC Ltd in Companies house
     
    lk311, Aug 18, 2020
    #234
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  15. wak

    wakeyred Well-Known Member

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    New York stadium here we come’
     
    wakeyred, Aug 18, 2020
    #235
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  16. MexboroughTyke

    MexboroughTyke Well-Known Member

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    BFC Investment Company wholly owns the football club (Barnsley Football Club Ltd).

    Oakwell Holdings Ltd (Cryne’s company) owns 20% of BFC Investment Company Ltd. The remaining 80% shareholding in BFC Investment Company will be spread amongst members of the consortium, Chien Lee, etc.
     
    MexboroughTyke, Aug 18, 2020
    #236
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  17. troff

    troff Well-Known Member

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    So you can’t or won’t?

    It seems you have listed some on old threads though, as someone has eluded to, so I’ll look for those to gain context.

    I’m not arguing or even necessarily disagreeing by the way, just wanting to know the context under which you have drawn your conclusions.
     
    Last edited: Aug 18, 2020
    troff, Aug 18, 2020
    #237
  18. Gally

    Gally Administrator Staff Member Admin

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    No this was the agreement between Patrick and BMBC as part of the Oakwell Community assets Limited when the ground was purchased. Put into this structure to stop any rogue investors (cough) trying to leverage the asset. Where each party owned 50% of the ground and the club paid an annual rent
    As part of this, I believe the agreement was that if the council wanted to sell their share of the ground then they had to give Patrick first refusal and vice-versa. Im guessing that is what has happened. Why that is the case would be interesting to know.
     
    Gally, Aug 18, 2020
    #238
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  19. Che

    Chef Tyke Well-Known Member

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    One thing I can’t fathom out is why on earth the owners would go to such extravagant expense and investment in the ground such as the New hand dryers if they didn’t know they would be assured the sale of the the final 50%

    Seems a tad reckless to me.
     
    Chef Tyke, Aug 18, 2020
    #239
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  20. wak

    wakeyred Well-Known Member

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    I was wondering the same, can you imagine??!!?
     
    wakeyred, Aug 18, 2020
    #240
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