by STAR Liaison »
25 Sep 2014 09:45
Royal Biscuitman tidus_mi2 JIM JM should leave RFC to its new owner to decide how the club should be run, you dont sell your house ,then carry on living in it ,do you? He sold everything , to my mind 50%+25%+25%=100% so JM where does your 10% come from???????
A better question is where does your 10% figure come from? There were certainly rumours JM was going to retain 10% before the takeover was confirmed but since it was confirmed, the only figures we've been given are 50%-25%-25%, no suggestion whatsoever that JM has a 10% share.
Where are any of these figures coming from? - Have I missed an announcement?
Don't forget STAR and possibly a few others own shares in Reading FC, The 50%/25%/25% presumably relates to the holding company who own most of the shares and a controlling interest in Reading FC.
It's other way round. STAR - and others - have shares (about 1.5% in total) in the RFC (Holdings) Co. which has just sold its subsidiary, Reading FC (the football club), in which the new investors have these 50:25:25 shares. SJM having 10% seems to be based on a misleading and uncorrected report. As far as we know he doesn't and didn't intend to.