UPDATED: New shares being issued by the club £45mill

As a very small shareholder

Letter recieved from the club this morning regarding share issue? Probably needs Keith Morgan from the trust to explain, above me

I have shares as well, We will them have less shares.


This is why Michael Isaac is suing Tan, but Isaac will lose in My opinion as Tan as the Major shareholder by law is allowed to do this.

If Tan is the major share holder then he stands to lose the most then ?

Yes he does but theoretically it’s about raising more capital for the club.

It's not about raising capital, It's about reducing debt. The increase in capital is not new cash - its old debt.

Steve Borley confirmed on twitter that this is Tan converting more of his debt into equity to conform with FFP. So its nothing to do with new investment.

Tan converting £45m of debt owed to him into shares which is great news for the club!

Thank you and this has to be more good news a 'debt' is transferred away from the club

What this means for the club going forward under the current owner is going to be interesting though...

Tan Will probably convert all the debt to shares ,leaving the UK debt free when he sells his shares to a new owner .there fore the new owner would inherited a clean club ,then the new owner will run up debts Again in a cycle of boom and bust .

That's the big worry, wez...

Better to keep tan as the owner tbh