Transfer Rumours Summer 2025 Transfer Thread…

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How many shares are there in the club?

When I read they’d issued a single share I wondered, as others said, whether it was to create an odd number of shares to ensure any partnership has a partner with more than 50%.

But if one share is worth £14.5m then that doesn’t really stack up (does it?) because there can’t be very many shares at all?
 
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dennisboothstash said:
How many shares are there in the club?

When I read they’d issued a single share I wondered, as others said, whether it was to create an odd number of shares to ensure any partnership has a partner with more than 50%.

But if one share is worth £14.5m then that doesn’t really stack up (does it?) because there can’t be very many shares at all?
Click to expand...

I think the one share meant we have an even number of shares now Den.

You can have each share be worth whatever you want it to be. The nominal value of the share is 1 pound, but it was bought for 14.5m. It's just a way of injecting cash via equity rather than debt. It's rather encouraging to be honest. I made the comment months ago that if Acun wanted to put cash into the club to do things like stadium improvements, training ground upgrade, etc. he could do so without increasing our debt if he wanted to. I suspect this is more practical than that and is just to fund the operation of the club.
 
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SydneyTiger14 said:
I think the one share meant we have an even number of shares now Den.

You can have each share be worth whatever you want it to be. The nominal value of the share is 1 pound, but it was bought for 14.5m. It's just a way of injecting cash via equity rather than debt. It's rather encouraging to be honest. I made the comment months ago that if Acun wanted to put cash into the club to do things like stadium improvements, training ground upgrade, etc. he could do so without increasing our debt if he wanted to. I suspect this is more practical than that and is just to fund the operation of the club.
Click to expand...
I’d agree it seems like a good thing.

I’ve only been involved with not for profit companies where the shares are all the same value, so assumed that was always the case though.

How many shares do we have then?
 
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dennisboothstash said:
I’d agree it seems like a good thing.

I’ve only been involved with not for profit companies where the shares are all the same value, so assumed that was always the case though.

How many shares do we have then?
Click to expand...

I think it has the same value in the sense that it's just one share, so even if it was bought for 14.5m it's still only worth 1/xth of the club (x being total number of shares). You can just buy them for whatever you want. Newcastle did something similar from memory. Keiran Maguire and his Price of Football podcast occasionally explains it when other clubs do it. Think Watford as well might have done it.

It basically means you can inject a bunch of cash into the club without diluting the other owners' share of the club.
 
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dennisboothstash said:
How many shares are there in the club?

When I read they’d issued a single share I wondered, as others said, whether it was to create an odd number of shares to ensure any partnership has a partner with more than 50%.

But if one share is worth £14.5m then that doesn’t really stack up (does it?) because there can’t be very many shares at all?
Click to expand...

If you look at the PSC (person of significant contol) Acun has more than 75%
Not sure how if its owned by a company
 
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dennisboothstash said:
How many shares are there in the club?

When I read they’d issued a single share I wondered, as others said, whether it was to create an odd number of shares to ensure any partnership has a partner with more than 50%.

But if one share is worth £14.5m then that doesn’t really stack up (does it?) because there can’t be very many shares at all?
Click to expand...
I’ve got a couple
 
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SydneyTiger14 said:
I think it has the same value in the sense that it's just one share, so even if it was bought for 14.5m it's still only worth 1/xth of the club (x being total number of shares). You can just buy them for whatever you want. Newcastle did something similar from memory. Keiran Maguire and his Price of Football podcast occasionally explains it when other clubs do it. Think Watford as well might have done it.

It basically means you can inject a bunch of cash into the club without diluting the other owners' share of the club.
Click to expand...
Cheers

What made you say we now have an even number of shares? Did we only have one before?
 
Again according to Chat GPT (sorry I’ve just started playing with it)
  • Hull City Tigers have 1.8 billion shares ( some may be 0.09 p, which is a common practice in business)
  • It will almost certainly be Acun buying the £14.5 m share
  • Rather than a further loan, this is classed as owner equity and means for FFP purposes we have zero debt this year (in the rolling three year period)
  • It is for any of these strategic reasons; promotion push, future proofing ( so we can meet the more stringent premier league spending rules), signalling stability (signalling to EFL, agents, supporters etc that he is investing rather than building up debt).
Seems he ain't giving up ‘chasing the dream’ yet.
 
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dennisboothstash said:
Cheers

What made you say we now have an even number of shares? Did we only have one before?
Click to expand...

On the first Kieran Maguire tweet (posted yesterday) the screenshot from Companies House showed the number of shares and from memory it was in the millions I think. That's where the even number thing came from.
 
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