We played Real Madrid already in Santander IIRC

Can’t remember where Nkeng went has he disappeared from football?

Will be Wimbledon 4-0 Real Madid in 10 years

Bournemouth 2 AC Milan 0 just sounds so bizarre

Timmy his bio on the presentation says “Played most levels of the pyramid”. He’s played Prem, Champ and L1. I don’t think he’s heard of the CCL or maybe even non-league.

I really don’t remember Bertrand playing for England 19 times and winning champions league with chelski. Better cv than I remember

Are all us minority shareholders in the PLC going to receive 17p per share spread over the next 5 years? Why does that need to happen? I wonder what impact this will have on anybody who made a negligible value claim on their shares years ago and offset the loss against income as all the criteria to do so had been met?

What surprises me the most is why Omar Mir is the only one of the 5 actually putting his hand in his pocket and initially placing £16m onto the table. It’s not a lot of money – so why aren’t the others keen to have a bigger slice of the action. What will keep them motivated?

R Amorim, the well known anagram, is not having a good night on the South Coast

They can sell the 'value' I assume. If such a concept is valid in UK law.

I can’t see any other outcome to this in 2031 than this group owning the club one way or another.

I understand the difference between value and voting rights, share ownership, etc. I'm no doubt being thick here but what does it mean in tangible terms to SSC abd hiw do they realise this value? That's what I don't understand. If they are entitled to 90% of the value but only have 34% of the shares, hiw do they get the other 56%?

Observer status in a board meeting in practice means they get to speak, but just can't vote.

OI - oh. Not a criticism but I can’t imagine he’s your Malcolm Tucker style act

Interested to know whether the new holding company will have Ordinary Shares and "A" Ordinary Shares, in the same way as AFCW PLC has currently, as well as the new class of share capital.

My interpretation (but I may be wrong) is that there will be a new non-voting class of share capital. SSC will eventually own 90% of the totality of shares in the company (i.e. of all the classes added together) but will have voting rights amounting to not more than 49.9%.

it's Bertrand according to the pack Trigger

6MDM - 'value' does not equal shares, if the company is worth 100 million, then 90 million is 'assigned' to SSC but they still only have 34% of the shares.

I love the idea of the observer position they get on the board. Assume that’s someone that gets to sit in PLC board meetings but cannot interact - but can advise the investor group outside of meetings on how to get what they want from future meetings eg replacing the CEO with someone who adds value to the business.

This may help its been simplified somewhat BBC article [Link]

Why would somebody pay 90% of the value of something to only receive 34% of it? That's what I don't understand. If it was just SSC get 90% of any profits or cash windfall like player sales during their tenure or get whateversomebodyis prepared to pay for their shares, that is cash that is available and exists. It's the cash that doesn't exist that bothers me. If it doesn't exist then there is no value as it is just thin air (like goodwill).

6MDM it is 'value' not control. The only shares they can sell are the 34% of the holding company. Someone might buy the 'value' but that provides no direct action they can force on the DT. If we have become really cash hungry either SSC or a new buyer could threaten to turn the taps off and force change.

OK, I've worked a bit of it out. The DT must own the other 66% of the holding company to ensure they own more than 50% of the plc. (66%x75%+ will be more than 50%). SSC will 'own' 90% of the 'value' of the plc after 3 years. There are restrictions on what they can do with it, how solid those are is arguable.

NAZ - and pick up a comb in a case in the club shop!

No way he’s 43 either but who cares he’s giving us £86m and he’s not even letting our tinpots spend it 💪