Gone_Shrimping wrote:I have tried to find out without success whether fans can purchase shares in the club. If that was possible maybe all interested fans could buy some shares with the money raised being ring-fenced for the Omega facilities.
Something I've thought is a massive untapped source of funds. A few months ago, I looked on the Co House website at the shareholder list and was amazed that there are over 900 individual shareholders, but that looks to be a historical legacy - most will probably have died and their share never formally passed on to their beneficiaries (the executors probably didn't even know). So at some stage in it's history, it must have been freely selling shares to the general public. Other clubs (football and other) issue shares to raise capital - in most local golf clubs for example, you buy a share when you become a member, so all members jointly own the club. Why can't MFC do that? Or is PMG holding out for a buyer to get his investment back and not wanting to dilute his shareholding?