I wish the plans for 50%+1 had included doing away with the separate classes of shares. That was a reasonable scheme when only the DT could own Ordinary Shares (3 votes) but as soon as NR was granted some 3 vote shares it became a pointless complication. Clearing it away would make everything simpler in the future.

Does this make John Green our biggest shareholder outside the DT?

The valuation is based on the shares available and what the latest price point is so with Mr Green just paying $1.4m for 3.7% that values 100% at $37.8m or £28m

As Sandy has pointed out, the debt would be one of the adjustments to make. So, if the share transaction gives an overall valuation to AFCW of £28m, and our debt is £10m, then that implies the business as a whole (ignoring debt) is worth around £38m. One thing that isn't clear from what I've read is whether the consortium is buying Ordinary Shares (3 votes per share) or A Ordinary Shares (1 vote per share) or a blend of the two.

Nick: We may have spent £32m on a stadium but - unless someone takes a punt on AFCW folding/relocating - that stadium can only be used as a football stadium (plus conferencing etc). So, the value of the stadium isn't really the driver of our valuation. We're a football club, albeit one whose stadium isn't going to wear out any time soon, and are valued as such. The value of a football club is basically what someone would be willing to pay, and the only reliable yardstick would be to start off with how much people have paid for other football clubs and then make adjustments (for attendances, location, facilities, etc, etc).

Sandy and Nick - there was a discussion about getting a revaluation of the stadium site. Not sure what has happened, but maybe that is a question for the forthcoming SGM?

Nick - I don't know how the valuation was arrived at, but it is probably net of liabilities (the debt).

As the world of finance is alien to me this is probably a stupid question. Whilst I am delighted that JG is continuing to support our club I am confused by the valuation. From other people’s figures, that seem to make sense, that the club has been valued at just over £27m. Our stadium cost us £32m, so is this not included in the valuation or is our club valued at -£5m as I am guessing that despite depreciation of a new asset the value of the stadium would have increased in five years as would any property?

The two tales of JG: John Galt - mouth, but no trousers; John Green - trousers.

One for John Galt to enjoy proving how much income is around by age and location: [Link]

No not him 😊

This guy Trigger? "In the 2024 season, he was nicknamed San Gike, who often showed his cheapness and a big success play that seemed to be laundry ." [Link] (link probably doesn't work as it is Korean)

Gike ? I've never heard of him. :-)

I saw those two results in an international football book when I was a kid and I remember thinking at the time that i'd never heard of those countries and those results just stuck in my head for some strange reason.

You guys are just making up words.

Yes.

Was the Togo game played in Lome Sparters?

Togo 0-2 Denmark, on the 6 March 1974, was the first game of that mini tour by Denmark.

Red Kite - In a friendly international on 10 March 1974 Dahomey beat Denmark 2-0. Dahomey later changed their name to Benin.

WAWF recurring payments now live.

OI - but they didn’t did they?

Preston Kedwell in the second half youngster's team at Havant tonight.

"Any club who got an American consortium buying into them from 1st July 2025 onwards will be automatically relegated from the EFL."

Can you summarise the key changes OI

In other news the Football Governance Bill got through third reading so should become law soon.