BFC cash injection

Discussion in 'Bulletin Board' started by Archerfield, Oct 30, 2023.

Page 1 of 7
  1. Arc

    Archerfield Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    2,420
    Likes Received:
    6,252
    Trophy Points:
    113
    Location:
    Archerfield, Scotland
    Style:
    Barnsley (full width)
    Latest companies house shows another equity raise representing the rights not taken up by the other shareholders. A further 5901 shares issued for £200. Meaning a further £1.18m in to the club on top of the previous £2.419m. Total raised £3.6m.

    A further indication I would think @Exile that Khaled is increasing his ownership of the club and Conway and Lee are on their way out.

    I did mean Neerav!!
     
    Last edited: Oct 30, 2023
    Archerfield, Oct 30, 2023
    #1
    ScubaTyke, Andy Mac, Stephen Dawson and 6 others like this.
  2. red

    redrum Banned Idiot

    Joined:
    Jan 17, 2013
    Messages:
    23,932
    Likes Received:
    17,450
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    Khaled you mean nareev?
     
    redrum, Oct 30, 2023
    #2
    Stephen Dawson and Archerfield like this.
  3. tosh

    tosh Well-Known Member

    Joined:
    Mar 20, 2008
    Messages:
    5,883
    Likes Received:
    2,804
    Trophy Points:
    113
    Occupation:
    Retired
    Location:
    North Sea
    Style:
    Barnsley Dark
    Ha ha. Khaled??????
     
    tosh, Oct 30, 2023
    #3
    Archerfield likes this.
  4. troff

    troff Well-Known Member

    Joined:
    Aug 29, 2009
    Messages:
    9,907
    Likes Received:
    13,658
    Trophy Points:
    113
    Location:
    donny
    Home Page:
    Style:
    Barnsley (full width)
    I assume you mean Neerav Parekh? Khaled is just a paid employee and probably not for that much longer if rumours of a move to Sweden are true.
     
    troff, Oct 30, 2023
    #4
    Archerfield likes this.
  5. Arc

    Archerfield Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    2,420
    Likes Received:
    6,252
    Trophy Points:
    113
    Location:
    Archerfield, Scotland
    Style:
    Barnsley (full width)
    I did, been a long day!!
     
    Archerfield, Oct 30, 2023
    #5
    BBBFC, Andy Mac, Stephen Dawson and 2 others like this.
  6. Willster206

    Willster206 New Member

    Joined:
    Sep 12, 2017
    Messages:
    21
    Likes Received:
    11
    Trophy Points:
    3
    Style:
    Barnsley (full width)
    I would have thought with the sale of Kitching we wouldn't need any further cash injections for a while. Unless this is just being done to reduce Conway and Lees stake in the club?

    Worrying if we needed a 1m cash injection, 2 months after raising at least 5m in player sales, to keep the club running.
     
    Willster206, Oct 30, 2023
    #6
    Stephen Dawson likes this.
  7. Tarntyke

    Tarntyke Well-Known Member

    Joined:
    Jul 29, 2005
    Messages:
    14,532
    Likes Received:
    12,667
    Trophy Points:
    113
    Location:
    Stairfoot, b4 famous rahnderbart
    Style:
    Barnsley (full width)
    The money from player sales will come in instalments not all at once
     
    Tarntyke, Oct 30, 2023
    #7
    Hooky feller and Merde Tete like this.
  8. Sup

    SuperTyke Well-Known Member

    Joined:
    Oct 12, 2005
    Messages:
    54,454
    Likes Received:
    28,303
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    Gave me a bloody heart attack
     
    SuperTyke, Oct 30, 2023
    #8
    Dalestykes, Merde Tete, Stephen Dawson and 1 other person like this.
  9. Willster206

    Willster206 New Member

    Joined:
    Sep 12, 2017
    Messages:
    21
    Likes Received:
    11
    Trophy Points:
    3
    Style:
    Barnsley (full width)
    True, but surely whatever debts we are paying can be paid in installments too?
     
    Willster206, Oct 30, 2023
    #9
    Stephen Dawson likes this.
  10. Sup

    SuperTyke Well-Known Member

    Joined:
    Oct 12, 2005
    Messages:
    54,454
    Likes Received:
    28,303
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    This is something I never understand about football. People always say that the money coming in from player sales is in installments but aren't signings and wages also basically in installments too?
     
    SuperTyke, Oct 30, 2023
    #10
    Stephen Dawson likes this.
  11. Exi

    Exile Well-Known Member

    Joined:
    Jan 21, 2007
    Messages:
    5,787
    Likes Received:
    6,623
    Trophy Points:
    113
    Gender:
    Male
    Style:
    Barnsley
    Yes, definitely - there was a further 'Return of Allotment' notified on the Hong Kong Companies site on Friday. It isn't yet available to view (usually takes them about a week to load it up) but I'll keep an eye out and I'm sure it will confirm what you've set out.
     
    Exile, Oct 30, 2023
    #11
    BBBFC and Stephen Dawson like this.
  12. lk3

    lk311 Well-Known Member

    Joined:
    Jan 14, 2016
    Messages:
    9,219
    Likes Received:
    7,577
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    Wasn’t there something about a Covid loan to pay back?
    Perhaps that explains?
     
    lk311, Oct 30, 2023
    #12
    Stephen Dawson likes this.
  13. Bri

    Brian Mahoneys Waist Well-Known Member

    Joined:
    Oct 28, 2005
    Messages:
    7,795
    Likes Received:
    6,905
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    Isn't Khaled a director as well as CEO?
     
    Brian Mahoneys Waist, Oct 30, 2023
    #13
  14. Arc

    Archerfield Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    2,420
    Likes Received:
    6,252
    Trophy Points:
    113
    Location:
    Archerfield, Scotland
    Style:
    Barnsley (full width)
    No, Khaled, despite my **** up, is just an employee
     
    Archerfield, Oct 30, 2023
    #14
    Brian Mahoneys Waist likes this.
  15. Che

    Chef Tyke Well-Known Member

    Joined:
    Jul 17, 2005
    Messages:
    19,168
    Likes Received:
    11,927
    Trophy Points:
    113
    Location:
    West Stand Bogs
    Home Page:
    Style:
    Barnsley
    directorship doesn’t equate ownership mate
     
    Chef Tyke, Oct 30, 2023
    #15
    Hooky feller and Brian Mahoneys Waist like this.
  16. Hooky feller

    Hooky feller Well-Known Member

    Joined:
    Jul 11, 2016
    Messages:
    16,922
    Likes Received:
    19,201
    Trophy Points:
    113
    Occupation:
    Retired, full time grandad.
    Location:
    Mapp.
    Style:
    Barnsley (full width)
    Not wages. And day to day running. Ask Reading.
     
    Last edited: Oct 30, 2023
    Hooky feller, Oct 30, 2023
    #16
  17. Hooky feller

    Hooky feller Well-Known Member

    Joined:
    Jul 11, 2016
    Messages:
    16,922
    Likes Received:
    19,201
    Trophy Points:
    113
    Occupation:
    Retired, full time grandad.
    Location:
    Mapp.
    Style:
    Barnsley (full width)
    Wages are not annual. Instalments can be at lengthy intervals. Also by issuing new shares I think can reduce or enlarge the % ownership of the club. Might be a tactical move.
     
    Hooky feller, Oct 30, 2023
    #17
    Shy Talk likes this.
  18. Shy Talk

    Shy Talk Well-Known Member

    Joined:
    Jul 30, 2005
    Messages:
    7,956
    Likes Received:
    4,745
    Trophy Points:
    113
    Location:
    Tarn
    Home Page:
    Style:
    Barnsley (full width)
    Based on the holdings prior to this, if Neerav has indeed taken up these shares, he must now be very close to having sole overall control of the club.
     
    Shy Talk, Oct 30, 2023
    #18
  19. Hooky feller

    Hooky feller Well-Known Member

    Joined:
    Jul 11, 2016
    Messages:
    16,922
    Likes Received:
    19,201
    Trophy Points:
    113
    Occupation:
    Retired, full time grandad.
    Location:
    Mapp.
    Style:
    Barnsley (full width)
    Would the rest of the board allow that to happen. ?
     
    Hooky feller, Oct 30, 2023
    #19
  20. Shy Talk

    Shy Talk Well-Known Member

    Joined:
    Jul 30, 2005
    Messages:
    7,956
    Likes Received:
    4,745
    Trophy Points:
    113
    Location:
    Tarn
    Home Page:
    Style:
    Barnsley (full width)
    To prevent it they'd have to pick up those shares themselves. And maybe they have, we don't seem to know yet who actually took them up.
    But if Neerav has put his money up and the others haven't...
     
    Shy Talk, Oct 30, 2023
    #20
Page 1 of 7

Share This Page