Could we be sold again in the not too distant future?

[Ian Royal]

Bit tricky really, he could only sell his majority share holding of 51% at the moment because the remainder of the deal to take the rest hasn't gone through so it's Still Madejski's.

And with our relegation currently looking likely he wouldn't get a brilliant price. Although obviously still far superior to £13m. I'd expect Madejski to do his nut and resign as Chairman if this is on the cards though.

But a majority shareholding is exactly that. The person holding it can do exactly what they want and if Madjeski didn't like it he would have only two choices: Try to buy back a majority shareholding or do one!

Where did I say he could stop it?

Zingaravich can't make Madejski sell his shares to someone outside the deal they already have. Unless there's some crazy business law I'm not aware of.

[multisync1830]

eh?

whatever your on about

no
it was after all outgoings.

we consistently lost millions every year due to the deficit between fees and wages, and money brought in from ticket sales, and other income

Speaking to a 'high up' on a regular basis for many years the club loses money each and every year. I asked about the golden hello he replied there isn't much left of that already citing wages being the biggest issue. Last time, the Prem made them build the media wing and various other upgrades. This time stadium work was limited to hard wiring the data etc .
. Stadiums are very expensive buildings to own and operate. Yours is well run and well used but it's still 'ghost town' 80% of the year. He did say however the new owner is committed to expanding the stadium should you stay up but it's a one step at a time atm

As an aside, the hotel does make between 1-2m profit before tax per year -this year has been pretty good considering the economy- of which SJM gets a cut. Not enough to fund his lifestyle let alone the club.

[RoyalBlue]

Bit tricky really, he could only sell his majority share holding of 51% at the moment because the remainder of the deal to take the rest hasn't gone through so it's Still Madejski's.

And with our relegation currently looking likely he wouldn't get a brilliant price. Although obviously still far superior to £13m. I'd expect Madejski to do his nut and resign as Chairman if this is on the cards though.

But a majority shareholding is exactly that. The person holding it can do exactly what they want and if Madjeski didn't like it he would have only two choices: Try to buy back a majority shareholding or do one!

Where did I say he could stop it?

Zingaravich can't make Madejski sell his shares to someone outside the deal they already have. Unless there's some crazy business law I'm not aware of.

For effs' sake! You said it was a 'bit tricky really', I showed it wasn't tricky at all. Madejski can cling onto his shares if he really wants to but, as a minority share holder can do nothing to stop the majority shareholder selling to whomever they like. In other words AZ doesn't need to make Madejski sell his shares. Furthermore the new owner can completely ignore JM if they want.

[Franchise FC]

Ian Royal wrote: Bit tricky really, he could only sell his majority share holding of 51% at the moment because the remainder of the deal to take the rest hasn't gone through so it's Still Madejski's.

And with our relegation currently looking likely he wouldn't get a brilliant price. Although obviously still far superior to £13m. I'd expect Madejski to do his nut and resign as Chairman if this is on the cards though

But a majority shareholding is exactly that. The person holding it can do exactly what they want and if Madjeski didn't like it he would have only two choices: Try to buy back a majority shareholding or do one!

Where did I say he could stop it?

Zingaravich can't make Madejski sell his shares to someone outside the deal they already have. Unless there's some crazy business law I'm not aware of.

For effs' sake! You said it was a 'bit tricky really', I showed it wasn't tricky at all. Madejski can cling onto his shares if he really wants to but, as a minority share holder can do nothing to stop the majority shareholder selling to whomever they like. In other words AZ doesn't need to make Madejski sell his shares. Furthermore the new owner can completely ignore JM if they want.

Not necessarily - the deed to sell the 51% may have contained a clause that, should AZ want to sell, that SJM get first refusal, or even veto.

[Ian Royal]

But a majority shareholding is exactly that. The person holding it can do exactly what they want and if Madjeski didn't like it he would have only two choices: Try to buy back a majority shareholding or do one!

Where did I say he could stop it?

Zingaravich can't make Madejski sell his shares to someone outside the deal they already have. Unless there's some crazy business law I'm not aware of.

For effs' sake! You said it was a 'bit tricky really', I showed it wasn't tricky at all. Madejski can cling onto his shares if he really wants to but, as a minority share holder can do nothing to stop the majority shareholder selling to whomever they like. In other words AZ doesn't need to make Madejski sell his shares. Furthermore the new owner can completely ignore JM if they want.

I didn't say Madejski could stop him. I did say he couldn't sell the whole club, because he doesn't own the whole club yet. Meaning the fee he'd receive would only be about half of the valuation mentioned. And if he was just going to try and turn a quick buck, then I say again, I think we'd know about it from Madejski's response.

[Pete10]

I hear Frank Waller has spare money.