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[Dougals Dad]

an interesting way to make money......

"Weymouth reveal 50p survival plan 
 
The owners of Weymouth Football Club have revealed plans to issue a million shares to help save the club after the collapse of takeover talks this week.
Around 400 supporters turned out at the Wessex Stadium to hear Thursday night's announcement.
Chief executive Gary Calder told BBC Solent: "The talking's got to stop, if they don't we'll have to make a tough decision early next week."
The players have not been paid in 2009 and the club owes around £300,000.
A million shares, worth fifty pence each, will now be sold in an effort to raise funds.
If the move is unsuccessful the club could face administration or liquidation."

But: are there current shareholders who's shares will be devalued?
will holders of every share get a say in the running of the club?
what if they sell the shares & the club still goes under?
what if they only sell, say, half the shares?

 

[Saughall Robin]

an interesting way to make money......
"Weymouth reveal 50p survival plan 
The owners of Weymouth Football Club have revealed plans to issue a million shares to help save the club after the collapse of takeover talks this week.
Around 400 supporters turned out at the Wessex Stadium to hear Thursday night's announcement.
Chief executive Gary Calder told BBC Solent: "The talking's got to stop, if they don't we'll have to make a tough decision early next week."
The players have not been paid in 2009 and the club owes around £300,000.
A million shares, worth fifty pence each, will now be sold in an effort to raise funds.
If the move is unsuccessful the club could face administration or liquidation."

But: are there current shareholders who's shares will be devalued?
will holders of every share get a say in the running of the club?
what if they sell the shares & the club still goes under?
what if they only sell, say, half the shares?

Assuming the questions are not rhetorical, I would give my opinion as;

1. are there current shareholders who's shares will be devalued? Yes
2. will holders of every share get a say in the running of the club? No
3. what if they sell the shares & the club still goes under? They've lost their money
4. what if they only sell, say, half the shares? They'll have sold a great many more than I would ever have dreamed they would

Far better, I would have thought, to go down the Salisbury route of drastically cutting expenses to a level they could afford - although, saying that, they've not paid their players at all this year have they?

[Dougals Dad]

That sums up my thoughts. I think they are clutching at straws.

The time to do a share sale is when the club is doing well.

[jiminlondon]

looks quite likely they wont last the month
http://news.bbc.co.uk/sport1/hi/football/teams/w/weymouth/7890916.stm

[hsmith1]

From the 50pence shares they had acually got £30000 already according to the local Television last night

[hsmith1]

from bbc website, all but 4 players have left and teams will be facing the under18s for the rest of the season

[Dougals Dad]

Some teams will be at an advantage - at least we will later in the season. But you have to wonder what the Conference/FA can do about this.

[cheeky trucker]

Some teams will be at an advantage - at least we will later in the season. But you have to wonder what the Conference/FA can do about this.

They've put out their strongest team I'm guessing. Currently 3-0, got to feel for the young lads on the pitch, hopefully they will take the experience positively and not be scarred for life.

[Scottie]

Final score 9-0. Laughed my bollocks off.

[Dougals Dad]

Final score 9-0. Laughed my bollocks off.

How very charitable

[jiminlondon]

Final score 9-0. Laughed my bollocks off.

not really funny though is it? they have played their youth team and got spanked but its debateable whether they will continue to do so til the end of the season
if theyre getting done 9-0 at home what would happen away against one of the good teams? 15? 20?
imagine if that were us. how would you feel?

[Beez]

terrible situation but i do enjoy how we still manage to still have a worse goal difference than them.

In reality if this carries on they shouldnt be allowed to carry on playing games as it will end up having serious impact on the relegation/playoff places if it continues.

[bigcol]

There must be a health and safety issue too - I know in rugby you can't contest a scrum if the opposition is weakened ie has lost all its prop forwards to injury.

[Butty]

There must be a health and safety issue too - I know in rugby you can't contest a scrum if the opposition is weakened ie has lost all its prop forwards to injury.

Don't see where you are coming from here, as having no prop forwards is a safety issue as scrummaging is a highly delicate and skilled area, which occasionally even the professionals don't get right, which bears no relevance on playing a weaker team than usual in a football match

[TheCultOfIanTunnacliffe]

Final score 9-0. Laughed my bollocks off.

not really funny though is it? they have played their youth team and got spanked but its debateable whether they will continue to do so til the end of the season
if theyre getting done 9-0 at home what would happen away against one of the good teams? 15? 20?
imagine if that were us. how would you feel?

Furious at the various Club Officials who had overseen such ludicrous financial mismanagement that had resulted in this farce.

I may appear unsympathetic but why should we feel sorry for them?

They effectively relegated us on the last day of the 2007/08 season (until Halifax's demise) with a team that they palpably couldn't afford. 

'Live The Dream' was their slogan during the Steve Claridge years.

Reality check.
The dream has become a nightmare now and they have to pay the consequences.