oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 10:04:26 GMT
Perhaps?
Kuwaiti Rovers is rumoured
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basel
Joined: May 2014
Posts: 3,064 
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Post by basel on Jul 31, 2023 10:06:53 GMT
Perhaps? Kuwaiti Rovers is rumoured Rumoured from where? |
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 10:12:51 GMT
Under a Special Resolution the share capital of Dwayne Sports has been split, according to the authorities in Jersey.
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keygas
Joined: May 2014
Posts: 178
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Post by keygas on Jul 31, 2023 10:29:58 GMT
Wouldn’t be surprised in this, Wael has been looking for outside investment for along time.
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 11:09:48 GMT
Wouldn’t be surprised in this, Wael has been looking for outside investment for along time. Yep, Rumour has it that the new investors have a 51% shareholding, well below the 76% required for a controlling interest. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Jul 31, 2023 11:13:49 GMT
Wouldn’t be surprised in this, Wael has been looking for outside investment for along time. Yep, Rumour has it that the new investors have a 51% shareholding, well below the 76% required for a controlling interest. Where are these rumours coming from Oldie,because as yet there's nothing on the other forum.I believe you,but is it a good source,one you trust? |
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 11:17:53 GMT
Yep, Rumour has it that the new investors have a 51% shareholding, well below the 76% required for a controlling interest. Where are these rumours coming from Oldie,because as yet there's nothing on the other forum.I believe you,but A is it a good source,one you trust? I trust the source absolutely, and I have a copy of the official share split documentation as lodged with the Jersey Authorities. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Jul 31, 2023 11:25:02 GMT
Where are these rumours coming from Oldie,because as yet there's nothing on the other forum.I believe you,but A is it a good source,one you trust? I trust the source absolutely, and I have a copy of the official share split documentation as lodged with the Jersey Authorities. Fair enough,thanks. |
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Post by CabbagePatchBlues on Jul 31, 2023 12:08:40 GMT
Could things be ripening in the FM? Love to hear some positive news about that.
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 12:15:16 GMT
Could things be ripening in the FM? Love to hear some positive news about that. I am hoping that. I cannot see investors from that country (if true, only the share split appears to be an absolute fact) making any kind of financial investment predicated upon a maxed out asset that is the mem. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Jul 31, 2023 12:16:42 GMT
Could things be ripening in the FM? Love to hear some positive news about that. I am hoping that. I cannot see investors from that country (if true, only the share split appears to be an absolute fact) making any kind of financial investment predicated upon a maxed out asset that is the mem. 🤞 Maybe more cash put into players wages too. I'm thinking about the former Everton midfielder that's been training with us. |
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1883
Joined: June 2014
Posts: 83
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Post by 1883 on Jul 31, 2023 13:10:32 GMT
I am hoping that. I cannot see investors from that country (if true, only the share split appears to be an absolute fact) making any kind of financial investment predicated upon a maxed out asset that is the mem. 🤞 Maybe more cash put into players wages too. I'm thinking about the former Everton midfielder that's been training with us. As in Tom Davies who was probably on £30-50k p/w at Everton? There‘s investment and then there’s that! |
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 13:15:55 GMT
🤞 Maybe more cash put into players wages too. I'm thinking about the former Everton midfielder that's been training with us. As in Tom Davies who was probably on £30-50k p/w at Everton? There‘s investment and then there’s that! Cash flow funding, as opposed to capital funding. Cannot see it beyond last season's cash burn. |
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lockleazer
Tarki Micalleff
Joined: May 2014
Posts: 411
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Post by lockleazer on Jul 31, 2023 13:20:04 GMT
I downloaded the docs relating to the shares from the jersey financial commission and it seems to suggest a issue of 10,000 shares at 1p each that's all interestingly its signed by Weal and Samar al quadi... I thought dwane sports was owned by wael alone now ? Tbh I know sod all about these things so Maybe someone else can make sense of it .. the docs are on my Twitter as i wont let me upliad them here
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Jul 31, 2023 13:25:05 GMT
🤞 Maybe more cash put into players wages too. I'm thinking about the former Everton midfielder that's been training with us. As in Tom Davies who was probably on £30-50k p/w at Everton? There‘s investment and then there’s that! We would'nt pay that sort of wage.I'm thinking eg a 3 or 6 month contract whilst he continues to find a new fc. Not sure he's really all that anyway. |
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Post by irenestoyboy on Jul 31, 2023 14:17:47 GMT
I downloaded the docs relating to the shares from the jersey financial commission and it seems to suggest a issue of 10,000 shares at 1p each that's all interestingly its signed by Weal and Samar al quadi... I thought dwane sports was owned by wael alone now ? Tbh I know sod all about these things so Maybe someone else can make sense of it .. the docs are on my Twitter as i wont let me upliad them here Samer owns 8% I think. Very small shareholding. |
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 14:26:44 GMT
I downloaded the docs relating to the shares from the jersey financial commission and it seems to suggest a issue of 10,000 shares at 1p each that's all interestingly its signed by Weal and Samar al quadi... I thought dwane sports was owned by wael alone now ? Tbh I know sod all about these things so Maybe someone else can make sense of it .. the docs are on my Twitter as i wont let me upliad them here Samer owns 8% I think. Very small shareholding. I don't think that matters. As I read it they have expanded the share capital by lowering the nominal value and issuing a new tranch of shares at the new lower value which allows a new investor to buy into that new capacity. It's not clear that they have done this as a "Rights Issue" which legally I think they have to. I wonder if the SC will take up their "rights" Stop laughing at the back |
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Jul 31, 2023 15:58:34 GMT
Samer owns 8% I think. Very small shareholding. I don't think that matters. As I read it they have expanded the share capital by lowering the nominal value and issuing a new tranch of shares at the new lower value which allows a new investor to buy into that new capacity. It's not clear that they have done this as a "Rights Issue" which legally I think they have to. I wonder if the SC will take up their "rights" Stop laughing at the back I have been properly corrected on the "Rights Issue" question. Of these are Dwane Sports shares which are 100% owned by the family. Duh... sorry |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Jul 31, 2023 16:37:20 GMT
So,is this good news or at least potentially good news please?
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Post by Topper Gas on Jul 31, 2023 16:54:54 GMT
So,is this good news or at least potentially good news please? If they really are Kuwait investors you have to assume it's good news as you can't imagine they'll want to get involved unless they can see some potential in a L1 outfit, didn't DM, the Posh owner, suggest that we were spending more than we usually do this summer? |
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