RammyClaret61 wrote: ↑
Thu Sep 24, 2020 4:44 am
Not read the whole thread.
My concerns are what happens next? If these people take over, we spend more on better quality players, wages go up and up. Then 2 or 3 years down the line, they either decide to cash in if we’ve been successful. Or pull out if we’ve not. Could leave us in a massive black hole. They could sell to anyone, from anywhere, and we all know tell well how quickly that can turn into a house of cards, it’s a very precarious business. All for a quick buck!
I’d prefer we continued with our current model. Utc
News in the last week Is that we have a Burnley fan from Colne who is now a Billionaire (appreciate its share value not hard cash at this stage).
Maybe the Americans take us forward for the next 5 years and when they’re ready to sell up then Mr Moulding might be of a wealth and interest to take the reigns. I can’t think of any other Burnley fans worth > 1 Bn and he fits the local boy done good model which has served us so well since Barry became chairman.
The Hut Group soars 25% on stock market debut: Online shopping firm's share price rise makes founder Matthew Moulding a billionaire
The Hut Group has soared on its stock market debut – instantly inflating the fortunes of its multi-millionaire backers.
The online shopping empire listed on the London Stock Exchange yesterday morning with its shares priced at 500p apiece.
But the stock shot up immediately, and by the end of the day it had settled 25 per cent higher at 625p.
Eager traders added more than £1billion to its value, as its market capitalisation climbed from £5.4billion to £6.8billion. The initial public offering (IPO) had already made a fortune for The Hut's backers.
Founder Matthew Moulding, 48, did not sell any shares during the IPO, but his 17 per cent stake is now worth £1.2billion.