The trail of destruction continues...

Discussion in 'Bulletin Board' started by Gally, Feb 10, 2023.

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  1. Gally

    Gally Administrator Staff Member Admin

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    Got to feel for them



    Translation:

    The
    @kvoostende
    very close to financial bankruptcy… Dead last in the pro League, the club managed disastrously by the American Pacific Media group. The sporting situation is at its worst and debts are piling up...
     
    Gally, Feb 10, 2023
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  2. Stephen Dawson

    Stephen Dawson Well-Known Member

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    They still have a stake in Barnsley F.C though. We aren't shut of them. Just moved to one side.
     
    Stephen Dawson, Feb 10, 2023
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  3. Gally

    Gally Administrator Staff Member Admin

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    But absolutely zero control or influence any more so it's irrelevant. Hopefully they get bored and sell their shares at some point in the near future.
     
    Gally, Feb 10, 2023
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  4. Stephen Dawson

    Stephen Dawson Well-Known Member

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    I agree and hope so too. What percentage does Chien Lee have?
     
    Stephen Dawson, Feb 10, 2023
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  5. Archey

    Archey Well-Known Member

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    They aren't controlling the finances here though, like they are at Oostende as far as I'm aware. Their stake there is about 80%. Whilst we're not free of them entirely, they no longer have any direct influence as far as I'm aware.
     
    Archey, Feb 10, 2023
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  6. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Stephen Dawson, Feb 10, 2023
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  7. PFK

    PFKAR Active Member

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    Have you seen the full shareholding structure to claim this?
     
    PFKAR, Feb 10, 2023
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  8. PFK

    PFKAR Active Member

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    No one knows. Except them that do
     
    PFKAR, Feb 10, 2023
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  9. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Playing devil's advocate what's stopping Chien Lee seizing control again in the same way the Parekh and Cryne group did?
     
    Stephen Dawson, Feb 10, 2023
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  10. PFK

    PFKAR Active Member

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    no idea. You’d hope they now hold below a threshold to not be able to force any sale.

    I keep coming back to the point though, where are any of them here?
     
    PFKAR, Feb 10, 2023
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  11. Gally

    Gally Administrator Staff Member Admin

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    Yes.
     
    Gally, Feb 10, 2023
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  12. TitusMagee

    TitusMagee Well-Known Member

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    The breakdown has been posted on here before, detailing who has what percentage.
     
    TitusMagee, Feb 10, 2023
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  13. Marc

    Marc Administrator Staff Member Admin

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    Chien (31.25%) and Conway (7.5%) own ~38.75% shareholding in BFCIC. Neither of them sit on the BFC board, and the board make all decisions regarding the running of the Club. I'm guessing you may already know this though. With no board presence, what control or influence do you think they could have, and how?
     
    Last edited: Feb 10, 2023
    Marc, Feb 10, 2023
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  14. Stephen Dawson

    Stephen Dawson Well-Known Member

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    I still don't get why they bought the share in the club? Collectively they have the money to do great things. If you have hundreds of millions or billions why are they scraping round for 500k here and there from player sales?
     
    Stephen Dawson, Feb 10, 2023
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  15. Bossman

    Bossman Well-Known Member

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    My guess is they don’t have millions or billions
     
    Bossman, Feb 10, 2023
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  16. PFK

    PFKAR Active Member

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    I don’t live on here, hence asking the question
     
    PFKAR, Feb 10, 2023
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  17. kektyke

    kektyke Well-Known Member

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    SD it was newspaper talk that said Chien Lee was a billionaire. A number of people on here have done a lot of groundwork and done some digging. If you were a billionaire would you have your registered address as a flat above a launderette or a block of executive offices somewhere.

    They don't have the wealth you have all been brain washed into believing. Ten bob billionaires is what they are
     
    kektyke, Feb 10, 2023
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  18. PFK

    PFKAR Active Member

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    Depending on company law where the company is registered which I don’t know they could force the rest of the shareholders to sell to them
     
    PFKAR, Feb 10, 2023
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  19. kektyke

    kektyke Well-Known Member

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    That's what the search function is for!
     
    kektyke, Feb 10, 2023
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  20. Redhelen

    Redhelen Well-Known Member

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    I feel like we're some kind of pyramid selling scheme, all Conway's talk on paper was about investors and how there was money to be made lower down the European leagues, with money from TV rights etc. And people bought in, because they could afford it unlike if it was a top league side
     
    Last edited: Feb 10, 2023
    Redhelen, Feb 10, 2023
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