Acquiring 27% of shares, keeps his business out of the scrutiny of the pesky 'fit & proper' test peeps. If you own 30% or above the test applies.Whiskyman wrote: ↑Wed Nov 10, 2021 8:08 pmAll speculation of course but I reckon you might be onto something there. Acquiring 27% of a football club seems a very odd business decision unless there are certain guarantees in respect of guaranteed dividend payments or, as you have suggested, future acquisition of more shares.Otherwise quite simply what would be the point?BillyDWhizz wrote: ↑Wed Nov 10, 2021 5:35 pm
They might, but highly unlikely since it would take Gold being in agreement to do so. Sullivan & Gold still own 63.9% of the club shares (Sullivan 38.8, Gold 25.1 and others 9.1 % respectively).
Pure speculation on my part here but the end game could be a scenario involving Kretinsky acquiring Golds' shares at some point in the future maybe? That would give him full control and us a better idea as to where the club - financially at least, is heading.
Let's imagine a scenario where x is a urbane likeable business man, self made with a wide investment portfolio across diverse markets. And lets imagine one of these investments touches on the banking sector and one particular bank, that likes to do strong business in Mexico. In fact the business is so regular there that certain parties mix socially.
And let's just say that the gentlemen on the Mexican side of the business prefer to remain, not under investigation - because they're shy...
...then 27% of the business would be a perfectly acceptable proportion to acquire.