Investment

[Charles Bannerman]

9 minutes ago, CaleyD said:

 

When it comes to the counting of shares the Supporters Trust voting right means nothing more than the 108 shares that the right is attached to.  It is ONLY when those shares are used to vote that they carry the 10% powers assigned to them.  This is why it is challenging for the Supporters Trust to do things like call an EGM, nominate someone to the board etc, as these are all moves that require a specific minimum shareholding in the first instance.

I'm only presenting a possible scenario under which the statement from the club could be correct in its "majority" claim, and not making any assertion on the likelihood.

I was basing my sums on what would be needed for the new people to carry a vote.

[Achfary]

'Seventy7Ventures', a sole trader with about £30,000 to its name, enters into an arrangement with a side-line of a massive Jersey-based wealth management firm, exactly one month ago, some of whose employees specialise in real estate assets.

Wonder why they are interested and who alerted them to any real estate value indeed!

[Ronaldo]

9 minutes ago, Scotty said:

 

So its Trotter Trading?  We should be fine then.

[Leaky Blinder]

The club have managed to create a whole new category of fan expectation in addition to the established 

under promise / over deliver

over promise / under deliver

We now appear to specialise in

under promise / under deliver

ICT #HopelessNESS 

[Scotty]

34 minutes ago, Ronaldo said:

So its Trotter Trading?  We should be fine then.

Take your choice. 

 

[CELTIC1CALEY3]

3 minutes ago, Charles Bannerman said:

In terms of assets there’s presumably the lease until 2093 on the stadium site. Let’s create a hypothetical nightmare scenario where the football club somehow collapses at some point in the future. I have no business background, but could that lease then be traded by the company owners to, say, a retail interest for very big bucks?

https://ictfc.com/significant-milestone-for-ictfc-as-tulloch-agrees-transfer-of-stadium-lease/

THC as Common Good Trustees and Landlords would decide (unless there is a diligent legal person helping the Club).

[caley1]

Smells more of a SG deal by the minute . 

[Leaky Blinder]

39 minutes ago, caley1 said:

Smells more of a SG deal by the minute . 

Given the moribund demeanour of the board that makes sense. One of the board is simply chosen via the drawing of a short straw to add their name to a pre prepared statement.

(Takes them so long between statements as they keep forgetting to include a short straw)

[ictchris]

As someone noted on P&B, our board consists of a bunch of retired doctors and vets, most of whom are in their 70s and they've been sweet talked / rain-made by some Web3, crypto bro.  You just hope that at some point someone checks that there is money there but I don't hold out much hope.

[GaliantGrunt]

I’m just about fed up with all this risky crap!

As if I wasn’t already! 
 

I’m back to thinking I’d rather just work our way back to the safety of the Highland League! 

[Jack Waddington]

Gonna be honest, I've lost all enthusiasm of this takeover after we've done our own digging into this.

The entire thing REEKS of Staunch Gardiner sending the club down the Ganges.

[Starscape]

3 hours ago, Achfary said:

'Seventy7Ventures', a sole trader with about £30,000 to its name

Wow, I could buy ICT!

[+Gringo]

The jury is out for me. With SG still there I can't see this move being of any use to ICT or its supporters. I guess we'll all just have to wait and see if there are mega bucks within this company and they make this work. 

[dougiedanger]

This stinks of corruption.

 

[ictchris]

Post on Ketan Makwana's LInkedIn

Quote

My heartfelt gratitude to

Scot Gardiner, Ross Morrison and the team at Inverness Caledonian Thistle Football Club

A few months ago Paul Nelson messaged me and introduced me to an ‘opportunity’ that was right up my street…

8 weeks after that message, we have done it …

I am proud to announced that Seventy7 Ventures have agreed a deal to acquire majority shareholding in the club

Paul Nelson - Invovled in various ventures, head of the UEFA AAA alumni organisation, runs Impact Soccer, a coaching organisation in Australia who have a partnership with Celtic, 

Some of the comments refer to Ketan Makwana taking part in events on football business with Thomas Hitzlesperger, who is an ex-German international who has recently been CEO of VFB Stuttgart.

[big cherly]

We Scot’s ain’t great at history or learning from past mistakes. Hope I’m wrong but Mr Murray’s sale of rangers was a dark route taken for that club and plunged it deeper in the s##t that took a lot time to recover and a pile of money and agony. I add how close Celtic were before Macain stepped in and the usual benign bigotry starts here. 
Fingers & toes crossed we teuchters aren’t the mugs taken for granted and do proper checks (time will tell)!
It’s a case of a leap into the unknown for me and tread (very ) carefully and don’t get taken in for slick sweet city slicker talk!! 
bc 

Edited July 26, 2024 by big cherly

[Yngwie]

23 minutes ago, ictchris said:

Paul Nelson - Invovled in various ventures, head of the UEFA AAA alumni organisation, runs Impact Soccer, a coaching organisation in Australia who have a partnership with Celtic, 

The haters are gonna be absolutely devastated that it’s not a Rangers connection!

[+snorbens_caleyman]

"A few months" and "8 weeks" are not, in my book, the same thing

[IBM]

6 hours ago, snorbens_caleyman said:

I had looked it up too.  To be fair, that photo is over 12 years old, and tells us nothing.

Yes but he has lived there since 2009 creating 11 companies of which 7 have been dissolved and there is very little capital in the others so his investment must be coming from the "Magic Money Tree"

[Robert]

The jury is out for me until we know a lot more than we currently do about his plans, ideas, motivation etc.

I do believe Gardiner will exit, but maybe not until the deal is concluded. The Trust is right to highlight that ongoing issue in its statement.

My thinking is that one or more of the current major shareholders must be party to the agreement and either selling or transferring their shares to the investor, but that is just my theory.

There remain an awful lot of questions but I will give him the benefit of the doubt until things are clearer.

 

[Yngwie]

13 minutes ago, Robert said:

The jury is out for me until we know a lot more than we currently do about his plans, ideas, motivation etc.

I think that is the only sensible position to take at this stage.

Interesting though that so many of our fans have, without any of the necessary information, already concluded very negatively. 

[IBM]

3 minutes ago, Yngwie said:

I think that is the only sensible position to take at this stage.

Interesting though that so many of our fans have, without any of the necessary information, already concluded very negatively. 

I am usually a positive person but looking at what we know at the moment I think the board have been led up the garden path but will be delighted if there is "investment" going to come into the club.  We might get more information from the board in the autumn 

[Charles Bannerman]

39 minutes ago, Robert said:

My thinking is that one or more of the current major shareholders must be party to the agreement and either selling or transferring their shares to the investor, but that is just my theory.

There remain an awful lot of questions but I will give him the benefit of the doubt until things are clearer.

 

That is indeed one possible way of bringing the cost of acquiring a 50% interest below £5M, bit unless these shares could be acquired very cheaply, it wouldn’t make a massive difference to the total that 77 would have to put in, although it would reduce the new money, which is what needs maximised.

[Robert]

1 minute ago, Charles Bannerman said:

That is indeed one possible way of bringing the cost of acquiring a 50% interest below £5M, bit unless these shares could be acquired very cheaply, it wouldn’t make a massive difference to the total that 77 would have to put in, although it would reduce the new money, which is what needs maximised.

My thinking was that given the shares have no value in the “real world” and that many were issued in return for cash infusions, some may see getting something below the theoretical value is better than retaining shares that realistically will never give a return.

Time will tell!

[CaleyCiuin]

To our knowledge, not one penny has changed hands yet.  Nothing is done, until it’s done.