No. They aren’t.
No new money comes into the club but C1872 does have a much stronger position on the board as the biggest single shareholder.
My concerns are similar to many others already expressed, and I admit I’ve only read the first two pages of this thread, so apologies if these issues have already been raised later on the thread.
Firstly, I think C1872 will find it tough to raise £13m from 20,000 new investors. Then, even if we did manage that, where would the new money being invested in the club thereafter come from, when rights issues come along. Would C1872 just have to go back to the members and ask them for even more again? I’m not sure that the basic structure is sustainable as a means of bringing in additional funding long term.
Secondly, I share the concerns about the past history we have of internal politics and infighting where fan groups are concerned.
Thirdly, the RFFF end result is a good example of what can happen when committees end up making decisions for all the members. I think it’s fair to say the new stand at Auchenhowie does add to the facility but 99.9% of supporters and members will never see any benefit from it or even sit in it once.
Lastly, someone like me would be a person who would be happy to invest new money into the club in a new share issue, but I want to control my own vote on my own shares. That’s maybe just me. I run my own business and don’t like other people controlling my money or my affairs.
So, I’m sure King has the right intentions here, but I’d far rather see King retain his shareholding and we try to attract new money by allowing C1872 and ordinary supporters to buy shares and control them themselves.