“ CCFC Shareholders letter “ Are they ?

[Forever Blue]

Sent to shareholders yesterday.

Are they preparing for a sale, or just trying to take money out?


Looks like the club are trying to turn £75 million pounds worth of shares into equity?

Are they trying to get money out more sale or looking for a new buyer?

[Forever Blue]

Just spoke to someone:

I think it helps with the new SCR regulations. I’m sure it says something along the lines of “loans need to be in equity, not against club from owners”

[Forever Blue]

Good in some ways, I guess .. though I’d like to see some of the £130m already there converted down as that needs addressing ASAP

[JJ1927]

Good in some ways, I guess .. though I’d like to see some of the £130m already there converted down as that needs addressing ASAP

I think this is what it is all about. It enables the club to issue up to 75 million of shares. As no one in their right mind would buy shares for cash in the club it looks like it has been done to enable Tan to convert some of the loan to equity. From my reading of the new financial sustainability rules this would also put the club in a strong position within those rules. I guess a lot of clubs with big directors loans will be looking at doing this

[Sven]

We can only hope this is as positive as it looks!

Hopefully we’ll have it explained in due course!