How to Structure Share Classes for Higher Dividends - To pay a larger dividend to a specific shareholder or group, you must outline the distinct rights of each share class in the company’s Articles of Association and Shareholders' Agreement. • Alphabet Shares (Class A, B, C): You can assign Class A shares to founders and Class B shares to investors or family members. When declaring a dividend, the directors can vote to pay a £5-per-share dividend to Class A, but only £1-per-share (or £0) to Class B. • Preference Shares: These are a dedicated class of shares that explicitly give holders a preferential right to dividends. They receive a fixed or variable dividend amount before any dividends can be paid to ordinary shareholders. • Tracking Shares: A more complex class of shares where the dividend amount is tied directly to the financial performance of a specific subsidiary, department, or revenue stream within the company rather than the business as a whole.

Fofana's penalty just landed in Birko Park

OI: the freehold would not be valued separately to the stadium. We got the land for free.

Pens just got interesting at anfield

Hashtag United 0 AFC Wimbledon 0

I know you weren’t :) it was a preemptive post

I wasn't TF. It is a reasonable question to ask whatever your view of the DTB members (but I have no views on them).

Nice point about the auditors.

OI - I agree, which is why this vote will succeed and I will get to see whether I was right or wrong. I really hope it turns out to be the latter.

Don’t have a go at me about that post OI 🫠 My whole relationship with the trust disintegrated when I flagged that the then Chair had been given the login details to the election system by the ESG, locked everyone else out of the system by mistake and then was allowed to keep those login details anyway for the rest of the campaign. And then lied about it despite proof that it had happened and the ESG admitting it. That’s when the attack puppies came a-wailing.

The reason positivity may be starting to wane is people have had time to think through the proposals, read the slides (which were rushed through due to time constraints on the night) and do a bit of research. My sense is people are so desperate for this to work, want to see football marginally more entertaining than watching paint dry, feel there is a bit of ambition and something to look forward to that they are prepared to overlook the obvious flaws in this proposal or just block them out. Nothing can be as bad as starting again in the Combined Counties League with nothing. At least now we have something ..... for now. Going into administration is not a foregone conclusion if this deal fails. We just have to make some tough choices. If it is, the directors will have failed in the fiduciary duty and the auditors will have been negligent signing off our statutory accounts as a going concern (in which they believe the business can exist for more than 12 months).

And if they don’t vote then the DTB could say they did anyway.

Numbers. There are fewer than 40 people on here discussing it, maybe 100 (probably far fewer) on Facebook. Some more on Secret Discord. Perhaps 300 going to meetings physically or virtually including a lot already counted from social media. Some more reading the pack in detail. We have nearly 7000 members, it seems to me that 80% or more are paying really scant attention to the whole thing. That may be very sad but it is the way it is. If those people vote it will be on things like 87 million, recommendation from the DTB etc.

BTW, I don't have any terminal diagnosis so sorry if my comments in my last post were misunderstood.

Fortunately, I've never been divorced so I've no idea how I'd feel about remarrying (at my age I probably wouldn't anyway). I'm not concerned about things unlikely to happen. I think it will. It is just a case of how. You cannot be entitled to 90% of the profits or equity sale unless you own 90% of the shares. Accounting fact. Reserved matters may offer some protection for some things but they are not control (more like rights of veto). Economic interest is spin because it sounds less like selling out to some dodgy bloke with a suspect PhD, a naff, bought title, dubious connections and money (if it is his) that could come from literally anywhere because of a misleading resolution that was voted on. All the while, we are being advised by Mickey Mouse LLP. Nowhere do they explain how we have 50.01% control. Just saying it over and over doesn't convince me. And as for there being no other option, sorry, I simply do not believe we could not survive if we cut our costs, including how we operate the stadium, to match our revenue. The problem is we don't want to.

This thing needs both sides. It needs people like 6mdm displaying fear that this deal may put the future of the club at risk. And it needs people like Spit to say that we should just go with the flow and this deal is perfection we could never have dreamed of.

Do people get this nervous when they wed for a second time after a bad divorce?

6M - should we start predicting the next town/city that we get moved to? The rule must be that it can’t be anywhere previously suggested, so no Cardiff or Dublin predictions - I’ll start…. Douglas, Isle of Man….

Comes back to what Pads (I think it was she) was saying earlier on about fans needing to vote on something they can understand and is explained in plain English (or whatever language each fan happens to speak.)

Frankly, I don’t really understand much of this but still have numerous questions. My key one now is about the actual investment. Even just concerning the £16m for year one, is it a tangible ‘real’ amount of cash or is this some way of loading the club with debt of some kind? I’m sure it has been explained; I just don’t know…

*fan ownership stalwart

We don’t even know how remiss it is or isn’t either. It’s important (imho) to do as much scrutiny on this deal as is humanly possible - but even then we really won’t know what we’ve signed up to* until some time later. And as I always used to say when I used to be a fan ownership - you only get to sell once. Veto shmeto if the choice from SSC next time around is the same as it is now from the Trust “accept this or die” then on we go.

History is going to repeat itself, isn't it?

We have to recognise that only a small section of the members are thinking about it at all, even if that is remiss of them.

Martin Calladine, who wrote that Josimar article, has written quite a bit on other such matters. Also note that the piece goes behind a paywall after 24 hours