Scunthorpe United Unity Group

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  • #298686
    AwaywegoAwaywego
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    Registered On: June 20, 2017
    Topics: 172

    What’s the idea behind the trust buying more shares in the club than the ones they already own other than a piece of paper what do they get, are they after a place on the board?
    Went down well last time we had a fan director who in the end was hounded out by fans themselves. Lol.
    He was a member of the trust board has well so can we really trust the trust to act in the best interests of its members if that position was so easily let go.

    #298688
    fans6464
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    Registered On: February 14, 2015
    Topics: 496

    So easily?
    I personally don’t care what people do with funds raised. as long as they’re up front and truthful about their intentions.
    I wouldn’t chose the Unity route ,especially the blue light stuff,but they are now being transparent and Stuart’s somewhat clumsy statement does appear to offer an olive branch

    #298689
    Apollo11Apollo11
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    Registered On: September 21, 2023
    Topics: 55

    What’s the idea behind the trust buying more shares in the club than the ones they already own other than a piece of paper what do they get, are they after a place on the board?

    They get: A translation of their cash into ownership of the club. For each share they buy, that amount of ownership and level of power increases. I’d say that’s what they’re after – a greater stake in the club and its affairs. Rather that than just mouthing off on here or on Facefuck, eh?

    #298702
    AwaywegoAwaywego
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    Registered On: June 20, 2017
    Topics: 172

    What power did the trust have with all their shares when Hilton took over, absolutely none! Doubt they were even consulted.
    And having spent thousands buying theirs Hilton swans in and buys the whole club for £3

    “Power to the people” Lol.

    #298703
    Deereyme66Deereyme66
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    Registered On: May 8, 2017
    Topics: 119

    Regardless, do you not think it’s a better use of raised funds than what they’ve been.spending it on and what they’re proposing to spend it on?

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    #298705
    Apollo11Apollo11
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    Registered On: September 21, 2023
    Topics: 55

    What power did the trust have with all their shares when Hilton took over, absolutely none! Doubt they were even consulted.
    And having spent thousands buying theirs Hilton swans in and buys the whole club for £3

    “Power to the people” Lol.

    Nihilistic bollocks, this.

    #298708
    AwaywegoAwaywego
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    Registered On: June 20, 2017
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    No i dont Deerey, don’t see any need to give any money to the club it’s a business not a charity, and within reason their getting the money anyway, giving away tickets to the needy is fair enough isn’t it and surely giving the kids parties and the like will pay the club dividends in the long run more than any share money would give.

    The only thing I didn’t like before was em throwing it down your face at every turn and not being clear where the money was going, now it’s pretty clear and if they stick to what they say I certainly ain’t going to tell em what to do with the money especially when none of it will be mine.

    #298709
    Deereyme66Deereyme66
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    Registered On: May 8, 2017
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    I certainly wouldn’t tell them what to do with the money raised, just what I’d suggest

    #298711
    Apollo11Apollo11
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    No i dont Deerey, don’t see any need to give any money to the club it’s a business not a charity,

    You’re absolutely right that it’s not a charity, but you’re very wrong about it being a business. It’s run as one, because it has to be, but it’s so much more than that. It’s our football club, an emotional investment, a time investment, a hub of friendship and family; it’s continuity with personal past and connection to the future. If the last 18 months have taught supporters anything it should be that they’re more than mere customers, and the club is more than occasional entertainment that can be switched off like a TV. That’s lazy thinking.

    I agree, kids parties and blah blah Unity blah will pay possible dividends in the future with people becoming lifelong fans etc – but if they’re already knocking round enough to go to a party or whatever, then they probably would anyway. Investing shares is a tangible way to support the club in the immediate sense, and to put further power into the hands of supporters – who are, as I just said, more than mere customers.

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    #298712
    NorthumbironNorthumbiron
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    Registered On: January 3, 2014
    Topics: 67

    My local boozer is a business.

    I don’t have to put money into it, but I do because I believe it is an important community asset.

    #298713
    ironkingironking
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    Registered On: October 8, 2014
    Topics: 83

    Shares to me are a gift to the club you love. I have had shares since 1981 and the club under David Wraith had an SOS campaign ‘Save our Scunthorpe’ I bought £50 worth on earnings of £25 per week as an apprentice.

    I am proud of that and subsequently over many years built up a number of shares. Until this ceased under PS.

    I have had another £500 worth of shares since the club takeover.

    They are absolutely worthless and always will be, it’s a donation for a bit of paper.

    I will tell anybody this though

    They are mine, and it’s my gesture of love and support for my club. It’s my own little piece of Scunthorpe United which makes me feel good and proud. Do I expect anything in return, of course not,

    I play Euromillions and dream of a winning the jackpot so I can invest more in SUFC a massive part of my life which has over time stretched every personal emotion but more often then not pleasure.

    The shares owned by Trust members surely allow all fans to feel the same way whether financially blessed or not.

    #298723
    AwaywegoAwaywego
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    Registered On: June 20, 2017
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    Nice one ironking, and I know your not alone many have done the same.

    Different take for me, you probably saw that i would have helped buy the ground but wouldn’t put any extra money into the club.
    I’m sure we all love the club/team just the same.
    At least you accept that your shares are worthless in monetary terms unlike Apollo who believes they are power.
    Anyway like I say nice one and I understand your pride well done.

    #298729
    Apollo11Apollo11
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    Registered On: September 21, 2023
    Topics: 55

    Nice one ironking, and I know your not alone many have done the same.

    Different take for me, you probably saw that i would have helped buy the ground but wouldn’t put any extra money into the club.
    I’m sure we all love the club/team just the same.
    At least you accept that your shares are worthless in monetary terms unlike Apollo who believes they are power.
    Anyway like I say nice one and I understand your pride well done.

    Of course they represent power!

    You say they’re worthless… On their own small shareholdings are, as Iron King said, little more than a noble further way to express love for the club (and, for the record, I have some myself and that was also my reason for buying).

    But it’s like actual life… Unionise! If you combine all those minimal shareholdings together then they’re significant.

    Do you really think if Unity’s 18K was translated into shares (or if the Trust continues its steady acquiring of shares) that wouldn’t represent a serious entity the Club would be obliged to pay attention to?

    #298735
    AwaywegoAwaywego
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    No

    #298738
    Apollo11Apollo11
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    Registered On: September 21, 2023
    Topics: 55

    No

    TLDR.

    #298746
    SouthYorksIronSouthYorksIron
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    Registered On: May 26, 2017
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    At the time of the last set of accounts, there were 8.9m shares.

    Once Swann had more than 75% of them, which he achieved by converting loans into shares, he cancelled AGMs, as he was allowed to do. He could have forced all shareholders to sell up (as the Glazers did at Man U) once he had 90%+.

    Any small shareholding will only ever be symbolic, however meaningful to the individuals and groups holding them, if the major shareholders aren’t willing to engage.

    I hold a small number of shares, and am well aware of their worthlessness in reality unless there was a desire amongst major investors to take the club into private ownership (which even Swann avoided, despite his initial hope that every shareholder would donate their shares to him, to “make it easier to dispose of the company” – my first inkling he didn’t necessarily have the club’s interests at heart).

    #298749
    Apollo11Apollo11
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    Registered On: September 21, 2023
    Topics: 55

    At the time of the last set of accounts, there were 8.9m shares.

    Once Swann had more than 75% of them, which he achieved by converting loans into shares, he cancelled AGMs, as he was allowed to do. He could have forced all shareholders to sell up (as the Glazers did at Man U) once he had 90%+.

    Any small shareholding will only ever be symbolic, however meaningful to the individuals and groups holding them, if the major shareholders aren’t willing to engage.

    I hold a small number of shares, and am well aware of their worthlessness in reality unless there was a desire amongst major investors to take the club into private ownership (which even Swann avoided, despite his initial hope that every shareholder would donate their shares to him, to “make it easier to dispose of the company” – my first inkling he didn’t necessarily have the club’s interests at heart).

    All good points.

    #298752
    AwaywegoAwaywego
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    All good points. So you should now see the futility of the trust buying shares other than their giving money to the club.

    #298765
    Apollo11Apollo11
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    All good points. So you should now see the futility of the trust buying shares other than their giving money to the club.

    No.

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    #298785
    AwaywegoAwaywego
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    Lol.

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    #298980
    AwaywegoAwaywego
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    Topics: 172

    Just gone through the latest shareholders list and can’t see any held by the iron trust unless I’ve missed them (there were 52 pages)

    Anyone any idea under which name they go under on that list.

    #298983
    SouthYorksIronSouthYorksIron
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    Registered On: May 26, 2017
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    Just gone through the latest shareholders list and can’t see any held by the iron trust unless I’ve missed them (there were 52 pages)

    Anyone any idea under which name they go under on that list.

    Iron Trust – Shareholding 562

    Anyone know what happened to the shares owned by the now defunct Official Supporters Club?

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    #298985
    AwaywegoAwaywego
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    Registered On: June 20, 2017
    Topics: 172

    No wonder i missed them I didn’t look at any holding with less than a thousand shares lol.

    50 is that some kind of joke? Surely it must be wrong.

    #298986
    ironkingironking
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    Registered On: October 8, 2014
    Topics: 83

    That’s £11.240 investment by the Iron Trust.
    Thought you were not a member of the Trust awaywego. So why the interest?

    #298987
    AwaywegoAwaywego
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    All part of this thread Ironking people on here suggested the unity group purchase shares instead of what they do.

    Didn’t know yo had to be a member of the trust to show an interest in what it does, would beger the question in that case what is this thread all about questioning the unity group, just a lazy reply Ironking.

    Is really £11.240 able to purchase 50 shares or should that have read £11.24p?

    #298989
    ironkingironking
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    Registered On: October 8, 2014
    Topics: 83

    Realised that reading back the thread afterwards.

    The Trust shares total 562 according to SYI, I have tried finding the shareholders list but am having no joy!

    #299013
    SouthYorksIronSouthYorksIron
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    Registered On: May 26, 2017
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    Realised that reading back the thread afterwards.

    The Trust shares total 562 according to SYI, I have tried finding the shareholders list but am having no joy!

    I probably wasn’t as clear as I should’ve been; it’s shareholding number 562 on the list, which at the time of publication (1.2.25) was 50 £20 shares. I can only imagine any further purchases are yet to be formalised, even if the Board has agreed to their sale.

    Detail is on the Confirmation Statement which can be found be searching Beta Companies House under the Filing History for Scunthorpe United. The link I tried to attach was so long I didn’t bother!

    #299014
    AwaywegoAwaywego
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    Registered On: June 20, 2017
    Topics: 172

    No they are shareholder number 562 you just read it wrong Ironking.

    Like i say Surely must be wrong but if it isn’t then serious questions should be asked of the trust on wtf.

    You’ll find it by typing “Scunthorpe united Accounts” government site comes up then second one down on filing history.

    #299021
    Deereyme66Deereyme66
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    Registered On: May 8, 2017
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    Lol awaywego, while you’re at it, spend some time on Companies House analysing Mr Dave’s many previous companies and the absence of any accounts whatsoever. Now that is an absolute joke.

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    #299031
    Rene ArtoisRene Artois
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    Registered On: September 18, 2023
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    Realised that reading back the thread afterwards.

    The Trust shares total 562 according to SYI, I have tried finding the shareholders list but am having no joy!

    Which at the time of publication (1.2.25) was 50 £20 shares.

    50 * £20 = £1,000

    Thousand pound… lol.

    A decent electric mountain bike costs 2 to 5 times more!

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