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Fev make bid for Huddersfield Big 3


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#81 The Parksider

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Posted 15 June 2014 - 02:55 PM

Hard to disagree with what you say.  For me the key is the transitional couple of years until able to have the Sky money and commercial attractiveness for long enough to enable to spend to CAP and keep/attract solid SL players.  Here is where the rich backer comes in help the transition.    Of course P&R makes it a risk but then no P&R and it can never happen and the likes of Wakefield and co carry on, able to stagnate without need of any renewal concerns.

 

How much Nahaboo is prepared to part with is key as you indicate. If he is to be a massive benefactor to the tune of £Millions Fev don't need fans or any great commercial income. Ironically it was Ken Davey's players he was chasing and there's a club with 5,000 fans who have made the top.

 

For me the clubs who produce quality professionals like Leeds, Wigan, Hull, Bradford, Saints, Wire, Catalans always have a massive edge on top of being attractive enough to also sign the best players "on the market".

 

Outside that as we move forward the smaller clubs like HKR, Cas, Salford, Wakefield, Widnes, Fev, Leigh and Halifax are always prone to losing their best young stars, and being turned down by the bigger overseas and home players on the market.

 

As you say how much they can spend for how long will be the probable factor in who gets where in the coming years.


Edited by The Parksider, 15 June 2014 - 02:56 PM.


#82 Blind side johnny

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Posted 16 June 2014 - 08:35 AM

How much Nahaboo is prepared to part with is key as you indicate. If he is to be a massive benefactor to the tune of £Millions Fev don't need fans or any great commercial income. Ironically it was Ken Davey's players he was chasing and there's a club with 5,000 fans who have made the top.

 

For me the clubs who produce quality professionals like Leeds, Wigan, Hull, Bradford, Saints, Wire, Catalans always have a massive edge on top of being attractive enough to also sign the best players "on the market".

 

Outside that as we move forward the smaller clubs like HKR, Cas, Salford, Wakefield, Widnes, Fev, Leigh and Halifax are always prone to losing their best young stars, and being turned down by the bigger overseas and home players on the market.

 

As you say how much they can spend for how long will be the probable factor in who gets where in the coming years.

 

 

A simple question - is Nahaboo's money going in as a loan or in exchange for equity?


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#83 Ponterover

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Posted 16 June 2014 - 09:30 AM

A simple question - is Nahaboo's money going in as a loan or in exchange for equity?

 

Equity.  Each time he invests, new shares are issued.  According to the press releases.

 

Additionally, they are "B" shares, which do not have voting rights.  Mark Campbell retains the majority of the "A" shares that do have voting rights.



#84 Blind side johnny

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Posted 16 June 2014 - 09:53 AM

Equity.  Each time he invests, new shares are issued.  According to the press releases.

 

Additionally, they are "B" shares, which do not have voting rights.  Mark Campbell retains the majority of the "A" shares that do have voting rights.

 

 

Thanks.

 

Are these B shares preference shares?


Edited by Blind side johnny, 16 June 2014 - 09:55 AM.

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#85 Ponterover

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Posted 16 June 2014 - 11:12 AM

Thanks.

 

Are these B shares preference shares?

 

Not sure, never seen mention of it.  Good question though, I'll try and find out.



#86 marklaspalmas

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Posted 16 June 2014 - 01:13 PM

Equity.  Each time he invests, new shares are issued.  According to the press releases.

 

Additionally, they are "B" shares, which do not have voting rights.  Mark Campbell retains the majority of the "A" shares that do have voting rights.

 

Not exactly.

 

A shareholders are club members/season ticket holders who've paid the extra tenner for a share (or received it free in 1996 when the club changed its status). People can only have one A share each, and I think they make up three of the seven directors. MC is an A shareholders director, but holds the same number as everyone else, ie one.

 

At the same time (1996) 100,000 B shares were issued at a tenner a throw. Not all were taken up, and it's these shares that Feisal has bought. 300,000 quids worth I think. There are four B shareholders (it might be 4/3).

 

The company of the club was set up in this slightly odd fashion to protect the interests of the fans (season ticket holders/A shareholders) against the possible alterior desires of any potential investors. TBH the system has worked well though is obviously a bit of a brake on investment in some ways.

 

Happy to stand corrected on any of that from those that know better.


 

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#87 Terry Mullaney

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Posted 16 June 2014 - 02:51 PM

Not exactly.

A shareholders are club members/season ticket holders who've paid the extra tenner for a share (or received it free in 1996 when the club changed its status). People can only have one A share each, and I think they make up three of the seven directors. MC is an A shareholders director, but holds the same number as everyone else, ie one.

At the same time (1996) 100,000 B shares were issued at a tenner a throw. Not all were taken up, and it's these shares that Feisal has bought. 300,000 quids worth I think. There are four B shareholders (it might be 4/3).

The company of the club was set up in this slightly odd fashion to protect the interests of the fans (season ticket holders/A shareholders) against the possible alterior desires of any potential investors. TBH the system has worked well though is obviously a bit of a brake on investment in some ways.

Happy to stand corrected on any of that from those that know better.

That's as I understand it too Mark. No land assets can be disposed of without the say so of A share holders ie the season ticket holders who each bought or were given their entitlement to a single A share

Edited by Terry Mullaney, 16 June 2014 - 02:53 PM.

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#88 Derwent

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Posted 16 June 2014 - 03:13 PM

 

 

At the same time (1996) 100,000 B shares were issued at a tenner a throw. Not all were taken up, and it's these shares that Feisal has bought. 300,000 quids worth I think. There are four B shareholders (it might be 4/3).

 

 

 

According to the club's register of shareholders there are a total of 703 different shareholdings, with 532 of those being A shareholders and 171 being B shareholders.


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#89 marklaspalmas

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Posted 16 June 2014 - 03:43 PM

According to the club's register of shareholders there are a total of 703 different shareholdings, with 532 of those being A shareholders and 171 being B shareholders.

 

Yep, that'd be about right. Feisal, or at least his company, is by far the biggest B shareholder, followed by Mark Campbell.


 

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#90 Derwent

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Posted 16 June 2014 - 04:39 PM

Yep, that'd be about right. Feisal, or at least his company, is by far the biggest B shareholder, followed by Mark Campbell.


Yes Probiz have 30,000 of the allotted shares. There are a few others with >1,000 but the majority are minor holdings of between 10 and 50 each.

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#91 Steve Slater

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Posted 16 June 2014 - 07:45 PM

A few weeks ago I asked Feisal the question: Why Featherstone? He did admit that he liked the club and its history and was impressed with the supporters, especially the volunteers working on the new stands. But the primary reason was the fact that he and his associates were ready to invest big into a club, AND IT HAD TO BE A COMMUNITY CLUB! He said that in some way it was like a charity, which probably means that there are tax advantages. I don't know whether Fev could have kept their community club status if granted a franchise, but under the new system there seems to be no reason why not?

#92 Ponterover

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Posted 16 June 2014 - 10:19 PM

A few weeks ago I asked Feisal the question: Why Featherstone? He did admit that he liked the club and its history and was impressed with the supporters, especially the volunteers working on the new stands. But the primary reason was the fact that he and his associates were ready to invest big into a club, AND IT HAD TO BE A COMMUNITY CLUB! He said that in some way it was like a charity, which probably means that there are tax advantages. I don't know whether Fev could have kept their community club status if granted a franchise, but under the new system there seems to be no reason why not?

 

Probiz specialise in finding ways of "investing" money into loss making enterprises as a way of reducing tax liabilities.

 

Why else would you invest in sport?

 

The easiest way to become a millionaire is to start off as a billionaire and invest in a sports club.

 

Nothing illegal or immoral about it, it provides employment and enjoyment to thousands and redistributes wealth.



#93 Steve Slater

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Posted 17 June 2014 - 07:29 AM

Probiz specialise in finding ways of "investing" money into loss making enterprises as a way of reducing tax liabilities.
 
Why else would you invest in sport?
 
The easiest way to become a millionaire is to start off as a billionaire and invest in a sports club.
 
Nothing illegal or immoral about it, it provides employment and enjoyment to thousands and redistributes wealth.

It also gives a clue as to how high profile players could fit into a club with salary cap restrictions. The Featherstone Rovers Foundation is run on grants and charitable donations separate from the club. They employ a couple of players as Community Development Officers which tops up their part-time rugby contracts to a full time equivalent, in a similar way that some are employed by local education authorities. The Foundation provides educational opportunities throughout all age groups within the area, in a different way to schools and colleges, and would be an ideal employment opportunity for players looking toward a career after Rugby League, possibly also giving them opportunities to study for qualifications themselves, maybe towards a degree? If the Foundation was to grow further, with more charitable donations, maybe it would be able to employ more people?

Edited by Steve Slater, 17 June 2014 - 07:31 AM.


#94 Kenilworth Tiger

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Posted 17 June 2014 - 01:03 PM

A few weeks ago I asked Feisal the question: Why Featherstone? He did admit that he liked the club and its history and was impressed with the supporters, especially the volunteers working on the new stands. But the primary reason was the fact that he and his associates were ready to invest big into a club, AND IT HAD TO BE A COMMUNITY CLUB! He said that in some way it was like a charity, which probably means that there are tax advantages. I don't know whether Fev could have kept their community club status if granted a franchise, but under the new system there seems to be no reason why not?

 

He didn't reply with "Because Featherstone have got a shed load of land that I'm interested in that will make me a small fortune" then?


Now then, it's a race between Sandie....and Fairburn....and the little man is in........yeees he's in.

I, just like those Castleford supporters felt that the ball should have gone to David Plange but he put the bit betwen his teeth...and it was a try

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#95 Ponterover

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Posted 17 June 2014 - 01:13 PM

He didn't reply with "Because Featherstone have got a shed load of land that I'm interested in that will make me a small fortune" then?

 

If you read a few posts to up from that one, you'll see that the assets of the club are protected.



#96 Kenilworth Tiger

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Posted 17 June 2014 - 02:56 PM

If you read a few posts to up from that one, you'll see that the assets of the club are protected.

I was only messing anyway mate  -poor attmept at humour


Now then, it's a race between Sandie....and Fairburn....and the little man is in........yeees he's in.

I, just like those Castleford supporters felt that the ball should have gone to David Plange but he put the bit betwen his teeth...and it was a try

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The real Mick Gledhill is what you see on here, a Bradford fan ........, but deep down knows that Bradford are just not good enough to challenge the likes of Leeds & St Helens.


#97 Bedford Roughyed

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Posted 23 June 2014 - 10:15 AM

Tried to sign Michael Monaghan and Leon Pryce too, apparently.


With the best, thats a good bit of PR, though I would say the Bedford team, theres, like, you know, 13 blokes who can get together at the weekend to have a game together, which doesnt point to expansion of the game. Point, yeah go on!

#98 Bedford Roughyed

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Posted 23 June 2014 - 10:34 AM

THE MEDIA BAN IS OVER!!! hurrah!


With the best, thats a good bit of PR, though I would say the Bedford team, theres, like, you know, 13 blokes who can get together at the weekend to have a game together, which doesnt point to expansion of the game. Point, yeah go on!

#99 sweaty craiq

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Posted 23 June 2014 - 10:52 AM

Has he lost the plot? Todays whoosh of  - of - well nothing of any substance is very odd. Marquee signing from Hudds, Pryce, Carvell, Sammutt, Pitts and Frank Lampard all on West Yorks twitter - sorry realised FL story wasn't credited to Fev. Full time next season repeated also

Must be very good news to all the blokes leaving their all on the pitch or the kids coming through to see the links to the 'old heads' for next year

Fev had created a unique team spirit over a number of years imo, that seems to have been ripped apart in a few months of knee jerk reactions



#100 Ponterover

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Posted 23 June 2014 - 12:22 PM

Has he lost the plot? Todays whoosh of  - of - well nothing of any substance is very odd. Marquee signing from Hudds, Pryce, Carvell, Sammutt, Pitts and Frank Lampard all on West Yorks twitter - sorry realised FL story wasn't credited to Fev. Full time next season repeated also

Must be very good news to all the blokes leaving their all on the pitch or the kids coming through to see the links to the 'old heads' for next year

Fev had created a unique team spirit over a number of years imo, that seems to have been ripped apart in a few months of knee jerk reactions

 

Lots to agree with there Sweaty.

 

The major ballsup was the appointment of John Bastian, he ripped the heart and soul out of the team and brought in players who were not of the right standard, all with the board's consent.  We are bloody lucky to be second in the table, the only saving grace for us has been that Sheffield and Halifax have been equally poor.

 

Lots of knee jerking has gone off since Bastian was shown the door, but from the tweets I followed this morning, it sounds like the ship may finally be steadying. Sounds like there have been major changes in the boardroom.

 

Good luck to Andy Hay, hopefully he'll have got us sorted by August and we'll be able to give you a game.


Edited by Ponterover, 23 June 2014 - 12:26 PM.





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