I find this area quite interesting - particularly the added dimension that supporters play.
Shareholders
own the club but pretty much get 1 opportunity a year to influence the running of the club at the AGM each year - where they elect directors to
run the club on their behalf. If you want full control of this process you'd need influence over 51% of the voting shares - so 57,500 shares. The top 5 shareholders between them have just over this amount and so working together have full control. (Geoff G,Grahame, Andrew Shaw, L Rosenfield, I Foden - all as at the last return so movement since could have changed that).
Having a shareholding below 50% infers no automatic right to a seat on the board.
Assuming all 5 shareholders were willing to sell - they'd be free to name their price, but assuming the £5 a share that they were sold at for CSH fundraising you'd need £287k to get majority ownership and full control.
Directors (including the chairman) are then given office for a period of time to
run the club.
I'd assume at club board meetings that decisions are made under a voting system, I assume each director has 1 vote, including the chairman (possibly having an additional casting vote if needed for a draw on a decision) - therefore decisions are made on a majority agreement basis.
Hence :-
If somebody were moderately well off, rather than skint like me, they could buy Geoff Goodwin out and become our new major shareholder.....then things just might change.
- That would only give you 13% of the shares - so a bigger vote at the AGM but not enough to change things alone !
In theory if somebody did have a couple of thousand pounds they could wrest control.......we will have to have a bucket collection at the Alfreton match....ha ha!
- That would have to be a pretty big bucket - but would need a lot more than a couple of thousand to wrest control !