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Potandbrush

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    Hospice shares

    in Caley Thistle

    Posted

    5 hours ago, Charles Bannerman said:

    I now realise that I should have amended these figures to allow for some of the shares, initially allocated to Caley, Thistle and HIE, being non-voting. That changes the percentages to (approx) Muirfield Mills 30, McGilvray family 14 and Savco 13.

    Interesting, if Doug's family and Alan's  shares join up and they can get another 3% we have a possible boardroom battle ahead, how many by % does the Sutherland family and friends own ?

    Hospice shares

    in Caley Thistle

    Posted

    17 hours ago, Charles Bannerman said:

    That's pretty well it, apart from the minor detail that Jock McDonald was the inaugural chairman for 15 months until May 1995 when he was succeeded by Dougie who was in office until February 2000. Irrespective of what people say about David Sutherland, without the Tulloch intervention of 2000-01 the club may well have gone bankrupt and without the Tulloch intervention of 2004-05 to provide the stands, goodness knows what its future in the SPL would have been. DFS once told me that Tulloch intervened to a total extent of £5.3M and this claim does stand up to the arithmetic.

    One intriguing revelation has been that Tulloch are proposing to "repatriate" the main stadium as well as the N and S stands to the club. The main stadium was what was handed over initially to the ICT Charitable Trust in 2001 as a quid pro quo for spiriting away that £2M+ of debt but it seems that a sequence of complex deals led to ownership eventually passing to Tullochs, as the real quid pro quo for really having taken up that debt.

    In his "pre-happy clappy period", before he found God on that legendary holiday to Damascus, Caley D used to give the club pelters on here over that deal, where Tullochs effectively paid off the debt.

    As for Alan Savage, Companies House records that Orion hold 275189 (precisely captain!) shares in the club. This is presumably what it cost Orion to fund Niculae for the time he was here. This has now been highlighted by today's revelation that AS, DMG and IMG have gone 3 ways on the Hospice shares - a revelation which, in conjunction with DMG announcing a bid for two directors, is bound to spark speculation about a possible power struggle.

    In that event, the biggest shareholding is the 729,500 of the ICT Charitable Trust. These are mainly or even entirely the original Tulloch uptake from the 2001 bailout which were donated to the Trust. The Trust is now effectively controlled by Muirfield Mills, who are currently also well represented on the Board. So add in Muirfield Mills' own 376,00 shares and they have a clout of 1.05 million. Against that, and with the 3 way split of the Hospice shares, Orion/"Savco" has 466,500 and the McGilvray family (inc earlier acquisitions) just over 487,000. So McGilvray + Orion/"Savco" comes to 0.954M. Then there are significant holdings such as Roddy Ross (170,000), George Fraser (51,000), David Sutherland (his personal shares - 50,000), David Cameron (100,000) and Graeme Bennett (29,000). Where their loyalties may end up isn't entirely clear (although in certain cases that WON'T be with McGil/Savco!!:lol:) and we also don't know who have acquired what we assume to be the 500,000 shares corresponding to the "new money" announced in yesterday's statement. This is all in relation to a total of 4.4M issued shares (the previous 3.9M plus the assumed new 500,000, but extendable to 5M) The total number of shareholders, many of them owning just a token 250 but others into the thousands, is around 530. As a result, any battle for control of Caley Thistle could become an interesting sequence of events involving a large number of fragmented parties.

    Who helped you with that details Charlie(Derek Beaumont maybe)

    Lol

    Dunfermline -V- Inverness CT

    in Caley Thistle

    Posted

    I have said it before and I will say it again, no football knowledge in the current board, they can't even get the basics around the club right and I agree wholeheartedly with what Charlie Christie and Barry Wilson had to say previously, it needs root and branch change at the club at the top end and investment, the Kevin Fraser at buckie situation was a total embarrassment for a club that won Scottish cup and played in Europe and finished high up the league only 2 YEARS AGO.

    This season already looks like if we make play off that's a bonus.

    UNBELIEVABLE

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