34064 Fighter Command
New member
I wasn't being blasé.
Tried to dispassionately address a question about what could Tony Bloom do if he wanted/needed to get some of his money back. The stadium company and club are two separate legal entities btw, albeit the first is wholly owned by the second.
I agree with you about ownership of the stadium but having a majority shareholder might, on paper, weaken this position as we saw with Archer. This was addressed when DK took over in 1997 but since TB moved in, the position has reverted.
If Bloom wanted some of his money back quickly he would have to take his share options immediately and then sell some of his shareholding, to the extent that he may no longer be a majority shareholder. The only worry will arise about the person(s) he might sell the share to. I would mind if a load of Americans / Arabs / Malaysians / Russians came onto the board ( Gaydamak or Glaziers ), but if the shares were sold to another football minded wealthy individual ( say a Madjeski or a Sugar ) or a consortium of other less wealthy people then I don't think that's a worry and we would no longer have a board where a single investor had a majority.
I think the most interesting part of the jigsaw is the way the corporate packages have been sold will mean that Bloom might even sound out potential investors over the course of the next few seasons from that part of the club.
If TB decided to sell the shares to Peter Ridsdale or float the club on the stock market to get his money back then I might start to panic.