The Debt.

[Bruce Rioja]

http://www.theboltonnews.co.uk/news/109 ... d_company/

Perhaps someone with more knowledge of company structure and the implications of this would like to comment?

Well, it'll help with the old smoke and mirrors when it comes to FFP as we won't have to make our income streams public knowledge. I don't know how significant a part this might play in this.

[jaffka]

http://www.theboltonnews.co.uk/news/109 ... d_company/

Perhaps someone with more knowledge of company structure and the implications of this would like to comment?

Well, it'll help with the old smoke and mirrors when it comes to FFP as we won't have to make our income streams public knowledge. I don't know how significant a part this might play in this.

Limited company accounts don't have to have as much detail on them as opposed to plc accounts.

Are plc accounts automatically in the public domain where as ltd accounts can be accessed but an application is made to see them?

[bobo the clown]

http://www.theboltonnews.co.uk/news/109 ... d_company/

Perhaps someone with more knowledge of company structure and the implications of this would like to comment?

Well, it'll help with the old smoke and mirrors when it comes to FFP as we won't have to make our income streams public knowledge. I don't know how significant a part this might play in this.

Limited company accounts don't have to have as much detail on them as opposed to plc accounts.

Are plc accounts automatically in the public domain where as ltd accounts can be accessed but an application is made to see them?

Yes ... albeit for a (small) fee and with somewhat less detail.

[jaffka]

http://www.theboltonnews.co.uk/news/109 ... d_company/

Perhaps someone with more knowledge of company structure and the implications of this would like to comment?

Well, it'll help with the old smoke and mirrors when it comes to FFP as we won't have to make our income streams public knowledge. I don't know how significant a part this might play in this.

Limited company accounts don't have to have as much detail on them as opposed to plc accounts.

Are plc accounts automatically in the public domain where as ltd accounts can be accessed but an application is made to see them?

Yes ... albeit for a (small) fee and with somewhat less detail.

Looks like education did teach me something then

[Bruce Rioja]

http://www.theboltonnews.co.uk/news/109 ... d_company/

Perhaps someone with more knowledge of company structure and the implications of this would like to comment?

Well, it'll help with the old smoke and mirrors when it comes to FFP as we won't have to make our income streams public knowledge. I don't know how significant a part this might play in this.

Limited company accounts don't have to have as much detail on them as opposed to plc accounts.

Are plc accounts automatically in the public domain where as ltd accounts can be accessed but an application is made to see them?

That's basically my understanding of it, Jaffka, yes, and they contain less information.

[Prufrock]

It says all that in the article!

[Riviman]

Well this move to a limited company looks like the final kick in the teeth for those of us idiots who bought shares to"save the club from going under".Thankfully I only had a couple of hundred pounds worth, that became almost worthless a few years ago when ED bought the club and the shares were devalued to I think 0.01p. I remember one guy at the meeting who had bought a couple of thousand pounds worth who, to put it mildly, wasn't too happy.
I hate to think how much of my money the club has had over the last 55 years with shares, season tickets, merchandise, away trips, cost of a pie and a cup of coffee at the Reebok etc etc if I added it all up I don't think my ticker would take it. Yes there have been great times but I'm beginning to think that watching paint dry would be cheaper and probably more entertaining than what we went to get these days.
I'll be at the AGM tomorrow, it should be interesting if not a little depressing!!

[Beefheart]

http://www.theboltonnews.co.uk/news/109 ... d_company/

Perhaps someone with more knowledge of company structure and the implications of this would like to comment?

Well, it'll help with the old smoke and mirrors when it comes to FFP as we won't have to make our income streams public knowledge. I don't know how significant a part this might play in this.

Limited company accounts don't have to have as much detail on them as opposed to plc accounts.

Are plc accounts automatically in the public domain where as ltd accounts can be accessed but an application is made to see them?

Yes ... albeit for a (small) fee and with somewhat less detail.

Or you can access a website like I can through work and look at any accounts filed at Companies House I can't see that it would have much an effect as although it might currently be a plc it isn't listed. There might be slightly less disclosure requirements, and might make the auditors lives a little easier!

[Norpig]

There has been talk of looking for investment from time to time over the last few years, maybe this is a way of making it easier to invest or buy the business. No expert so I am not sure if this makes any difference?

[Hoboh]

Mmmmm now if anyone else was doing this we would assume they were upto something dodgy.......
Anything that damages the FFP is fair play by me football should look at wages and agents fees first and foremost IMHO

[BWFC_Insane]

Well this move to a limited company looks like the final kick in the teeth for those of us idiots who bought shares to"save the club from going under".Thankfully I only had a couple of hundred pounds worth, that became almost worthless a few years ago when ED bought the club and the shares were devalued to I think 0.01p. I remember one guy at the meeting who had bought a couple of thousand pounds worth who, to put it mildly, wasn't too happy.
I hate to think how much of my money the club has had over the last 55 years with shares, season tickets, merchandise, away trips, cost of a pie and a cup of coffee at the Reebok etc etc if I added it all up I don't think my ticker would take it. Yes there have been great times but I'm beginning to think that watching paint dry would be cheaper and probably more entertaining than what we went to get these days.
I'll be at the AGM tomorrow, it should be interesting if not a little depressing!!

How much are your shares worth on a company with such a large (and rising) debt anyhow?

[Riviman]

The shares are virtually worthless particularly after the devaluation that occured a few years ago. Can't remember what price I bought them at, I did it to help the club at the time not to make a profit, very very few shares in football make any sort of dividend.

[Athers]

Seems to me with the current ownership structure of one man in total control that we are only a PLC in name and technicality anyway?

[Riviman]

Seems to me with the current ownership structure of one man in total control that we are only a PLC in name and technicality anyway?

Too true, seems we're voting tomorrow on the Ltd change and seeing as Eddie owns 94% of the club it's obviously something he wants and is a foregone conclusion.

[midlands exile]

Seems to me with the current ownership structure of one man in total control that we are only a PLC in name and technicality anyway?

Too true, seems we're voting tomorrow on the Ltd change and seeing as Eddie owns 94% of the club it's obviously something he wants and is a foregone conclusion.

I seem to remember it being a similar foregone conclusion when Eddie Davis "offered" the initial loan ("give me the club or I'll let the banks call the debt in") and all the shareholders' value was wiped out - including my dad's money that he'd also put in during the dark days of the 80s.

Someone in a previous post alluded to another potential investor(s) that was in the frame at the time, but they were ruled out by PG - wasn't aware of this at the time, anyone know who they were?

[Izual_Rebirth]

I hate to say I told you so but... something is going on and it's not good. Seeing as we've just lost 50M+ over the last 12 months and now this?

Like I said people... a slow painful death awaits. The first nail in the coffin is when the owners try to hide things from the fans and communication breaks down. Moving to the LTD company means they don't have to be as transparent as they were before. Why? Because they want to hide how bad the clubs finances are in.

[Izual_Rebirth]

Seems to me with the current ownership structure of one man in total control that we are only a PLC in name and technicality anyway?

Too true, seems we're voting tomorrow on the Ltd change and seeing as Eddie owns 94% of the club it's obviously something he wants and is a foregone conclusion.

I seem to remember it being a similar foregone conclusion when Eddie Davis "offered" the initial loan ("give me the club or I'll let the banks call the debt in") and all the shareholders' value was wiped out - including my dad's money that he'd also put in during the dark days of the 80s.

Someone in a previous post alluded to another potential investor(s) that was in the frame at the time, but they were ruled out by PG - wasn't aware of this at the time, anyone know who they were?

You can bet any investors will be a lot less lenient on the debt than the current owner is.

[jaffka]

Yes, well done you are correct.

Are you going to join in any other topics or just f**k off?

[Lord Kangana]

I hate to say I told you so but... something is going on and it's not good. Seeing as we've just lost 50M+ over the last 12 months and now this?

Like I said people... a slow painful death awaits. The first nail in the coffin is when the owners try to hide things from the fans and communication breaks down. Moving to the LTD company means they don't have to be as transparent as they were before. Why? Because they want to hide how bad the clubs finances are in.

I ask this question of the more knowledgeable on the forum as much as anyone, but surely a move to a LTD company would mean more transparency, not less?

I'm not necessarily gainsaying the idea that this could be a cause for concern, by the way, just seeking clarification.

[Izual_Rebirth]

Yes, well done you are correct.

Are you going to join in any other topics or just f**k off?

Can we keep this constructive please.