Quote:
Originally posted by Lanesra:
quote:
Originally posted by Memnoch:
On another note, how does Glazer expect to get 100% control of the club if 25% of it is in the hands of supporters who hate his guts? He's bought out the big investors like McManus etc and now has close to 75% I heard. But how can he compel the remaining 25% to sell?
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when he gets 75% he can take the shares off of the stock exchange. he can decide not to pay any dividends so the shares will just be scrap paper. when he gets 90% he can force the other 10% to sell to him at 300p per share. if they don't sell they lose all value.
[/QUOTE]So basically if he controls 75% he basically owns the club, is that right? If he doesn't pay dividends, turning the remaining 25% of shares into scrap, wouldn't that lead to a revaluation of the club? Sounds kind of strange.