Can’t be arsed with idle journalists gossip but my view on “investment” would be

Something similar but better to what happened down the road when Marcus Evans took over.

1) A new holding company is created with say 1m shares. Owned 100% by NCFC plc. (The existing company)

2) some of the assets of the club (the Football operations) are transferred to this new entity but others - e.g. 100% of Ground, Community hub, Colney etc. remain with existing company.

3) 49% of this new company is sold to investors by the plc and capital is injected into new company as interest free loan from plc.

4) Existing shareholders (Smith/Jones/Foulger/fans that bought in 2004 and earlier) retain control as the 51% is a block vote and Delia/Michael control that with 53%.

5) Sale conditions contain provisions preventing leveraged loans and opportunity to buy remaining 51% at terms to be agreed or sell 49% shareholding back at discount (similar to the position where Elon Musk has to pay Twitter USD1bn if he withdraws from purchase).

Haven’t a clue if this is correct but in a world where bulls**t rules and fiction is fact I don’t care if it isn’t but it is a lot more feasible than anything else I’ve seen and I do not work in corporate finance!

Posted By: Ruttles, May 31, 15:37:48