Having read the topic on Stadium Ownership it occurred to me that the club has control over absolutely none of the assets as they have been creatively accounted for in a series of holdings and trusts set up to service the interest payments in a tax efficient way.

When the club Inverness Caledonian Thistle was created and the club took up its position in the football league, a fair number of investors bought into the club by the way of share issue (although this investment is probably better described as a donation), plus over the years others have dipped into their pockets or companies pockets and bought more. The proceeds raised were used to build the stadium etc. This prompts a couple of questions:

1.As a result of the lack of assets what would the value of one of these shares be now, they originally cost ?1 each?.

2.Does the lack of assets and control thereof make the club unattractive to potential investors?.

As the shares are not publicly traded they have no real market value and are only worth whatever you can get for them. And if you're looking to sell it would be tough to find a buyer because anyone interested in buying shares is likely to want to invest in the club, and it would make more sense to purchase some of the shares still available than buy from someone else.

When you buy shares in a football club you are effectively purchasing a voting right and not much else.

Answer:

1. Depends what David Sutherland says they are worth.

2. Yes, unless David Sutherland make it attractive.