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Villa Shares Being Bought Up = NO Takeover

Villa Shares Being Bought Up = NO Takeover

Every man and his dog has an ITK who says there is a takeover happening.

Even press and some players believe it to be true.

Put simply, it isn't true.

Not saying that bids are impossible, the hard work that the Club have put into off field infrastructure must make Villa attractive to the many (sic) oil rich quadzillionaires out there, over and above the likes of Spurs and Everton, we have the ground sorted (they need new grounds) and training facilities up there with the best in the world (I don't know about Spurs facilities but Everton don't own a training ground, I believe ... Toffee's correct me if I'm wrong but be gentle, I have a delicate ego!... lease their facilities)

However, if anyone is currently waiting for a February / March deal, I think you'll be waiting a lot longer or be disappointed.

There seems to be an 'ITK' doing the rounds at the moment, you can see we have our own thread on it:



However, IF the Qatar Group WAS negotiating, why would they be leaking it? It could lead to a bidding war, it makes no sense.

So... the share situation, explained to me nice and simply is: Click Here

Randy owns 100% of the Club. Once acceptances were received for 95% of the equity at the time of the original offer (so back in 2006) the remaining 5% (or less if more than 95% accepted the offer of course) are 'disenfranchised', although they are entitled for the next 12 years to still receive the offer price for their shares. So, in effect, the share still has a residual value purely linked to it's value at the time of the takeover, but it isn't an active share of anything...ie isn't any longer a share of the Club, as Randy has 100%.

Capita will write on a regular basis to see if people still holding shares now want to cash them in as they are required by the regulators to do that, and they are holding money in account to make payment on any unclaimed shares. I believe that after 12 years, so in 2018, any unclaimed monies are paid to the Government, in line with FSA requirements. So, their letter isn't about still selling the shares, but rather claiming money linked to the value of the shares held previously, which the holder is entitled to.

Latest figures show that only around 2% of the total value of the takeover is still unclaimed (rather than the 4%'sh per below), and Capita have processed a steady 10-15 new claims every quarter for the past few years. I would imagine that most of the remainder is linked to people who may have passed away or moved addresses since 2006.


This is not passing comment on whether there should or should not be a takeover at all. It is simply trying to quash a rumour that isn't true!

Many will read between the lines and conclude that by Jan 1st there will be £5billion to spend on transfers and we'll all be sitting on gold plated seats though!

Put simply, maybe one day someone will bid and Randy will look and decide whether to accept or not. At present there have been no approaches and no bids.



Click here to join in the debate on the club forum.

Writer:J P Fear
Date:Thursday December 22 2011
Time: 12:06PM

Comments

0
Pitty! I dream of a day that a Man City sized takeover takes place at Villa Park.... minus the wollys such as tevez or balotteli. A redeveloped north stand, squad, management.... imagine that!!!!
Timmsy
22/12/2011 12:46:00
0
i couldn't think of anything worse Timmsy. I yearn for the day when all the playboys take there money and get lost. Then we can go back to having a proper league with home grown players and some interest in winning something for most clubs not just the elite 3 or 4
madforit
22/12/2011 13:02:00
0
I have yet to cash my cheque for shares when payments were made in 2006.does this mean I am still "owed" some funds? Anyone know ?
reza
22/12/2011 13:06:00
0
Considering modern day football the only alternative is having average players & managers getting paid millions for poor football? I'd take Man Citys position down VP but with personalities people can like & admire. Like I said none of this tevez, balotelli rubbish!
Timmsy
22/12/2011 13:27:00
0
agree with timmsy, all big city's have a big team competing for the title except birmingham, hopefully the super billionaires see this aswell ;)
ljw-avfc
22/12/2011 13:29:00
0
and I would love balotelli at VP, always eventful and he's a quality player
ljw-avfc
22/12/2011 13:32:00
0
Two minds, obviously would love to win the title (well avoid relegation this season for starters) having money like City and buying it, great first time what then? Be hated by every other club, maybe? COTVABU
irish villa
22/12/2011 13:59:00
0
I feel you'll be yearning for quite a long time madforit. We have to accept that it is money that is buying success these days so why shouldn't we have a slice of it if the opportunity comes along? I'm dreaming, just like Timmsy.
Pride of Lions
22/12/2011 15:46:00
0
I wouldn't like a Man C type takeover I would prefer if Randy just consistantly invested every season and brought in a proper manager, having city type money will just make it too easy and for me thats boring (the football ECK plays is awful boring thats why i mentioned the proper manager) I prefer it to be a challenge and get there with respect like we were trying to do before and like Spuds are doing now;)most neutrals like Spuds me included and most liked us when we were doing well, not saying I would care if all neutrals hated us it wouldn't bother me at all but for myself I would like to get there without oil!!
KerryVillian
22/12/2011 17:01:00
0
Wish he would sell up & f##k off & take Mcnumpty with him, useless pair of f##ks.
benny003
22/12/2011 18:54:00
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