NEW INVESTMENT IN ICTFC

[CaleyD]

Go back and read what I said in post #7

The only thing to invest in is the club....there's no assets or the like to be stripped by those who may have other motives so they'd not even be giving us a second glance.

In reference to the shares....A, B & C shares are effectively worthless these days. They were once entitled to and carried certain rights in terms of appointing/voting in Directors, but the only entitlement on them these days is the right to speak at an AGM.....not that I would have any idea who would be the "voice" for them as the 600,000 A Shares are listed as belonging to Caledonian Football Club, the 300,000 B Shares are listed as belong to Thistle Football Club and the 3 C Shares are listed as belonging to Highlands and Islands Enterprise.

In answer to the question about the "fans shares". Their was 108 shares that transferred from the old Members Club to the Supporters Trust and these carry a preferential/guaranteed voting right of 10% so long as they are held by us (i.e. that preferential right cannot be transferred). The Supporters Trust also hold a further 10,000 Shares that carry normal voting rights.

Tullochs have something like 750,000 shares which works out about 30% of the issued ordinary shares and there's about 860,000 unissued ordinary shares....ample scope for a sizeable 6 figure investment without the need to obtain the Tulloch shareholding.

(That's all from memory, so I might be a share or two out here and there)

[TopSix]

From Facebook Page of Inverness CT Fans. Dont know how reliable this is or what the source is!

ANNOUCEMENT: 2/3 weeks age ICT recieved an offer of ?250,000 investment in the club from a european consortium for 25% of the club, BUT on Monday ICT recieved a new offer of investment into the club this is from complete different people and more of a takeover of the whole club for ?1 million

I think this page is run by MissICT. Interesting times ahead in terms of the future of our club.

[Renegade]

It kind of reminds me of the porn guy who wanted to buy the club a couple of years ago.

That's no way to talk about Alan Savage.

No no! I'm talking about that bloke McGregor (Roy was it?). He was after Elgin at one point as well IIRC.

[Scotty]

No no! I'm talking about that bloke McGregor (Roy was it?). He was after Elgin at one point as well IIRC.

NEIL MacGregor I think you mean .... ROY is someone different entirely ....

NEIL: http://www.thefreelibrary.com/Caley+red+card+vice+boss%3B+EXCLUSIVE+TAKEOVER+BID+SCRAPPED.-a0173883441

ROY: http://news.bbc.co.uk/sport2/hi/football/teams/r/ross_county/8776759.stm

[+Feb82000]

could be donald trump buying is over

[Renegade]

No no! I'm talking about that bloke McGregor (Roy was it?). He was after Elgin at one point as well IIRC.

NEIL MacGregor I think you mean .... ROY is someone different entirely ....

NEIL: http://www.thefreeli...ED.-a0173883441

ROY: http://news.bbc.co.u...nty/8776759.stm

Aye that's him. What a nutter!

[TopSix]

Any more news on this?

[ictchris]

From Twitter:

TyroneSTV - STV News understands a group of existing shareholders [my emphasis] have invested a quarter of a million pounds in Inverness Caledonian Thistle.

TyroneSTV - Inverness also in talks with consortium of ex-pat fans about fresh investment in the club.

I'd assume that Alan Savage must be part of this group. Who else?

[CaleyD]

http://ictfc.com/news/club-news/141-financial-boost

[Libero]

From twitter:

"TyroneSTV: Inverness CT President, David Sutherland says quarter of a million pounds of fresh investment will go towards bolstering squad."

Just been a short segment on North Tonight with an interview with David Sutherland confirming the above

great news imo

[CaleyD]

No Comment

[Libero]

No Comment

go on, go on, go on

[CaleyD]

Sorry, was just being a smart erse. Got a text saying "you got nothing to say on forum about the new investment" so I decided just to stick that on to keep them happy.

[ictchris]

Expect a bid for Tevez.

[Red White and Blue]

Could this be an injection of cash from the existing shareholders to prevent any new consortium from becoming majority shareholders??????

[CaleyD]

I very much doubt it.

Aside from the fact that the board have the power to refuse to sell shares to anyone they like...thus blocking any hostile takeover...Sutherland has already said he's on the lookout for the next person to come along and do their bit for ICT and has as good as said they'd be welcome to the Tulloch shares, it makes no sense for him to do anything that would get in the way of that.

My best guess would be that there's a lot of work to be done on whatever deal/deals are being discussed...but the club is in need of a bit of cash now. If you've got new investors looking things over, the last thing you want is to devalue the product...and given the poor start to the season and the problems with injuries etc, then it makes sense to put a bit in to bolster the position.

They could have loaned the money...but they then don't have the "debt free" card to play. If any new investor is looking at a "takeover" and wants a majority shareholding then they'll have to make an offer to buy ALL shares, so they get the investment back by taking up that offer. Either that or they have already come to some agreement for the purchase of this block of shares if/when a deal is done. It could, in essence, be a loan done by other means.

Nothing dodgy in that, and as it's share purchase then it doesn't put the clubs financial position in any (further) jeopardy as they're not taking on debt.

My gut feeling is that the latest "rumour" about someone looking to make a £1 Million investment (not the ex-pats) would actually be a takeover and they'll be looking for a majority shareholding...and as part of the mechanism involved in that (if shareholders allow it) would by the offer to buy all shares. I'd also suspect that talks are at a fairly advanced stage when Directors who were only willing to lend money in the past are now willing to take a risk by buying shares and expect to get their money back somewhere along the line.

I would imagine that more information will start coming out fairly soon with the AGM being not that far off.

[Red White and Blue]

Tullochs have something like 750,000 shares which works out about 30% of the issued ordinary shares and there's about 860,000 unissued ordinary shares....ample scope for a sizeable 6 figure investment without the need to obtain the Tulloch shareholding.

)

I was thinking along the lines of Tullochs being majority shareholder with approx 750,000 shares and approx 860,00 unissued shares available, then any consortium buying these would become majority shareholder. With the new injection from existing shareholders of approx ?250.000, I'm assuming that the unissued shares now available would be less than 750.000 thus preventing any consortium from becoming majority share holders unless, as you say, the new consortium buy all the shares and the existing shareholders are speculating that, having bought more shares now, then they will get a better return on their investment should this happen.

[Alex MacLeod]

What I see and believe is niether conspiracy nor underhand dealings. I see the board realising the club is in a bit of a short term predicament at the moment because of a heavily depleted squad due to injury. I see those board members and shareholders that have a small amount of cash at their disposal getting together to put that cash into the squad pot in exchange for some of the unissued shares in the club. I dont see any of them doing this to safeguard anything or to dilute what would be available to any other investors and am sure that those who are providing the funds just now have the long term best interest of the club at the heart of their decisions.

[AJS]

What I see and believe is niether conspiracy nor underhand dealings. I see the board realising the club is in a bit of a short term predicament at the moment because of a heavily depleted squad due to injury. I see those board members and shareholders that have a small amount of cash at their disposal getting together to put that cash into the squad pot in exchange for some of the unissued shares in the club. I dont see any of them doing this to safeguard anything or to dilute what would be available to any other investors and am sure that those who are providing the funds just now have the long term best interest of the club at the heart of their decisions.

One would hope this would be why.

[lizi]

What I see and believe is niether conspiracy nor underhand dealings. I see the board realising the club is in a bit of a short term predicament at the moment because of a heavily depleted squad due to injury. I see those board members and shareholders that have a small amount of cash at their disposal getting together to put that cash into the squad pot in exchange for some of the unissued shares in the club. I dont see any of them doing this to safeguard anything or to dilute what would be available to any other investors and am sure that those who are providing the funds just now have the long term best interest of the club at the heart of their decisions.

Oh, I do hope you are right. All these dealings and wheelings are just toooo much for me. Let the "big whigs" get on with it and let us fans just enjoy ICT. These money dealings are not for us fans really, quarter millions etc., shares etc., - if I won the lottery I would be there, but......

[Yngwie]

If you won the lottery and donated the money to ICT, nobody would thank you, they would just question your motives!

[Red White and Blue]

I'm just an ordinary ICT fan who appreciates that the major investors have kept this club alive and without them, who knows where the club would be now, but I do think that some,like Tullochs, are not in it purely for their love of football.

[AJS]

I'm just an ordinary ICT fan who appreciates that the major investors have kept this club alive and without them, who knows where the club would be now, but I do think that some,like Tullochs, are not in it purely for their love of football.

Theres no such thing as directors and shareholders in it "purely for football" - certainly not anymore.

[+DoofersDad]

?250,000! We could put in a bid for Adam Rooney who looks as though he will be lucky to get a seat on the bench for B'ham reserves when the big name strikers return from injury.

[CaleyD]

Tullochs have something like 750,000 shares which works out about 30% of the issued ordinary shares and there's about 860,000 unissued ordinary shares....ample scope for a sizeable 6 figure investment without the need to obtain the Tulloch shareholding.

)

I was thinking along the lines of Tullochs being majority shareholder with approx 750,000 shares and approx 860,00 unissued shares available, then any consortium buying these would become majority shareholder. With the new injection from existing shareholders of approx ?250.000, I'm assuming that the unissued shares now available would be less than 750.000 thus preventing any consortium from becoming majority share holders unless, as you say, the new consortium buy all the shares and the existing shareholders are speculating that, having bought more shares now, then they will get a better return on their investment should this happen.

As I said, the Board have the power not to sell shares to someone if they don't want to....so they don't need to buy shares to stop someone else getting their hands on them.

I also think they'd be foolish to buy shares thinking they could get more back from them....at best they would get what they paid. What's more, if they were using inside information on the possibility of an offer being made at more than ?1 per share to buy shares for future profit then they could find themselves in serious trouble...you'd have to be a complete idiot to go down that road.