Saints financial injection : Thu Jul 09, 2009 3:36 pm  

http://www../news_2302-new ... aints.html http://www.saintsrlfc.com/news/1917 Sound footing going into our new Stadium £1.75million has been added to shareholders funds by way of a conversion of £1.35million of directors' loans into new shares and a private placement of £400,000 of new shares.

http://www../news_2302-new ... aints.html http://www.saintsrlfc.com/news/1917 Sound footing going into our new Stadium £1.75million has been added to shareholders funds by way of a conversion of £1.35million of directors' loans into new shares and a private placement of £400,000 of new shares.

: Thu Jul 09, 2009 3:48 pm  

Any chance of a new prop with some of the cash?

: Thu Jul 09, 2009 3:55 pm  

Good old mac... he had his money sat in there to long

: Thu Jul 09, 2009 3:56 pm  

anyone know what this means in reality?

has Eamonn put more cash in, or written off debts the club owes him and other directors?

: Thu Jul 09, 2009 4:23 pm  

I cannot wait for saints stadium to get finished it can only look good for the games premier team to be playing in a great stadium infront of big crowds. KR is great but does not do the game any favours. I also cannot wait to visit for the first derby game there.

: Thu Jul 09, 2009 5:52 pm  

saints35 bulls0 wrote:

anyone know what this means in reality? has Eamonn put more cash in, or written off debts the club owes him and other directors?

he's not daft, sir mac. My understanding is that the directors who have carried the club have converted their loans into shares in the club, at a time when they are worth very little, so they own a massive proportion of the club which was, because of the debt not worth much. In two years with very little debt and a shiny new stadium on its books, the club could be worth 20x what it is now. Any potential investors/sponsors will be much more likely to invest in that situation.

: Thu Jul 09, 2009 6:02 pm  

Saint Simon wrote:

he's not daft, sir mac. My understanding is that the directors who have carried the club have converted their loans into shares in the club, at a time when they are worth very little, so they own a massive proportion of the club which was, because of the debt not worth much. In two years with very little debt and a shiny new stadium on its books, the club could be worth 20x what it is now. Any potential investors/sponsors will be much more likely to invest in that situation.

How can loans be turned into shares?

I really don't understand this corporate finance stuff.

: Thu Jul 09, 2009 6:04 pm  

Saint Simon wrote:

he's not daft, sir mac. My understanding is that the directors who have carried the club have converted their loans into shares in the club, at a time when they are worth very little, so they own a massive proportion of the club which was, because of the debt not worth much. In two years with very little debt and a shiny new stadium on its books, the club could be worth 20x what it is now. Any potential investors/sponsors will be much more likely to invest in that situation.

That's what I think it all means.

: Thu Jul 09, 2009 6:09 pm  

SaintsFan wrote:

:STUPID: How can loans be turned into shares? I really don't understand this corporate finance stuff.

its just crafty business stuff really, it could take me all night to explain it, but the end result is that the club is much more secure.

: Thu Jul 09, 2009 6:30 pm  

I guess I won't be getting the 'Sack the board' banner out of the cupboard for a while then. I had expected it to be used frequently when Harry was appointed.