The Mail Bag
Another Share issue idea?
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Some on this site have floated the idea of a rights issue of EFC allowing fans a stake in the club in return for some hard cash. This of course has complications in diluting the shareholding of existing shareholders and potentially does not raise the cash we need to take the club forward.
I have another idea which does potentially get around these issues. I believe the asset of Goodison Park is held under a company called Goodison Park Limited and not Everton FC. That being the case what if an issue took place allowing fans to purchase the shares of Goodison Park Limited, thus owning the stadium, not the club. The proceeds would be used to invest in the stadium, possibly using some of the plans that have been posted on this site previously. In return the club would sign up to some sort of proposal insuring that Everton would use the stadium say for the next 100 years, some sort of lease arrangement? The club would retain the income from gate receipt, but other functions i.e. concerts, weddings etc, etc would go to Goodison Park Ltd for distribution back to the shareholders.
Everton FC then becomes an attract proposition for an investor as they don?t have to shell out for a new stadium, the existing shareholders do not dilute there holdings and the fans have a stake in our beloved Goodison.
Fairly crude assessment I now, but I think it would be worthy of some further exploration.
Dave Whitwell, Posted 07/08/2008 at 07:59:08
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