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Post by The Swansway on Feb 10, 2021 10:46:38 GMT
I'm not 100% sure exactly how similar Wrexham's set up was to ours, but I'm curious - what exactly did the Hollywood Duo pay to get control of Wrexham? Did the Wrexham fan owners get any of that? And who is running things now, and are they getting paid for it?
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Post by Frank Owen’s Paintbrush on Feb 10, 2021 10:55:01 GMT
They wouldn’t have paid anything, they just pledged a £2mn investment.
The ownership model was similar to ours in that there is nothing to purchase. It’s a “takeover”. They get the club for free, but invest once they’re in power. Same thing would happen to us.
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Post by inthestand on Feb 10, 2021 16:03:33 GMT
It’s very daunting when someone comes in for the club you love and support..if anyone come in for us, they would have to show real monitory investment, not the tin pot business men like Vaughn, Gutterman,Terry Smith..and our last shister..who again looked on the surface a good bet but yet turned out to be another “one at it” for his own ends...it’s not impossible it will happen to us eventually there is a lot of investors out there...it’s choosing the right one...
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Post by Churton Blue on Feb 10, 2021 19:32:43 GMT
I'm not 100% sure exactly how similar Wrexham's set up was to ours, but I'm curious - what exactly did the Hollywood Duo pay to get control of Wrexham? Did the Wrexham fan owners get any of that? And who is running things now, and are they getting paid for it? Wrexham Supporters Society (WST) owned £1.25 million worth of shares in Wrexham AFC Limited, formed in July 2011. As far as I know those shares have been given to the Hollywood duo and they have created £2 million worth of further shares in the company. find-and-update.company-information.service.gov.uk/company/07698872/filing-history |
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Post by The Swansway on Feb 11, 2021 6:35:40 GMT
Fan-owned clubs will indeed be a target then if they can be got for free!!
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Post by exiled on Feb 11, 2021 10:47:59 GMT
I'm not 100% sure exactly how similar Wrexham's set up was to ours, but I'm curious - what exactly did the Hollywood Duo pay to get control of Wrexham? Did the Wrexham fan owners get any of that? And who is running things now, and are they getting paid for it? Wrexham Supporters Society (WST) owned £1.25 million worth of shares in Wrexham AFC Limited, formed in July 2011. As far as I know those shares have been given to the Hollywood duo and they have created £2 million worth of further shares in the company. find-and-update.company-information.service.gov.uk/company/07698872/filing-history So does that mean no hard cash has actually been invested. The £2 million will come from Wrexham fans buying the shares. I might not be understanding it correctly. But if that is how it works in a round about way, the fans have paid an investor £2 million to take the club off their hands. Forget that last bit it's me not understanding it. Created shares will be retained by new owner. |
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Post by tonya on Feb 11, 2021 10:48:59 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to.
I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix?
The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory....
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Post by Neil Hunt Nonsense Potter on Feb 11, 2021 11:18:11 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to. I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix? The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory.... Glyndwr University now own the Racecourse and what is now the FAW facility at Colliers Park. AFCW are tenants at the Racecourse. |
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Post by eyeswideopen on Feb 11, 2021 11:39:57 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to. I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix? The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory.... The Duke would have to have the ground pointed out to him on a map first. |
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Post by superman on Feb 11, 2021 11:50:15 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to. I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix? The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory.... The Duke would have to have the ground pointed out to him on a map first. Open yer eyes man, the Duke has already visited ground and proposed development. See club site for report and pictures. |
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Post by tonya on Feb 11, 2021 11:52:03 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to. I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix? The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory.... The Duke would have to have the ground pointed out to him on a map first. Somewhere I saw a photo of his father with him at Sealand Road...long time ago. Perhaps its easier for him to find it than Wrexham owneres finding the Racecourse! |
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Post by tonya on Feb 11, 2021 11:56:22 GMT
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Post by Churton Blue on Feb 11, 2021 12:01:44 GMT
So does that mean no hard cash has actually been invested. The £2 million will come from Wrexham fans buying the shares. I might not be understanding it correctly. But if that is how it works in a round about way, the fans have paid an investor £2 million to take the club off their hands. Cash has been injected into the business by creating more shares so the Hollywood duo have put the £2 million by that means. They have set up a parent company based in Delaware called The R.R. McReynolds Company LLC. That company will buy the 2 million shares created. Wrexham fans have voted to give the £1.25 millon worth of existing shares away in return for a capital injection into the business of £2 million. |
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Post by blaconboy on Feb 11, 2021 12:02:10 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to. I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix? The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory.... The Supporters Trust still own the lease on the ground and sublet to the club. Safeguard I assume. |
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Post by vandycandy on Feb 11, 2021 12:12:55 GMT
I completely understand why Beavis & Butthead invested into the scumbags with them being such a "massive" club.
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Post by exiled on Feb 11, 2021 12:27:03 GMT
So does that mean no hard cash has actually been invested. The £2 million will come from Wrexham fans buying the shares. I might not be understanding it correctly. But if that is how it works in a round about way, the fans have paid an investor £2 million to take the club off their hands. Cash has been injected into the business by creating more shares so the Hollywood duo have put the £2 million by that means. They have set up a parent company based in Delaware called The R.R. McReynolds Company LLC. That company will buy the 2 million shares created. Wrexham fans have voted to give the £1.25 millon worth of existing shares away in return for a capital injection into the business of £2 million. Thanks I understand now. |
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Post by eyeswideopen on Feb 11, 2021 13:07:48 GMT
The Duke would have to have the ground pointed out to him on a map first. Open yer eyes man, the Duke has already visited ground and proposed development. See club site for report and pictures. Apologies, i must have missed that article along with the one that shows him handing over a substantial donation when we were really in the shit a couple of years ago. |
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Post by bing on Feb 11, 2021 13:29:15 GMT
Open yer eyes man, the Duke has already visited ground and proposed development. See club site for report and pictures. Apologies, i must have missed that article along with the one that shows him handing over a substantial donation when we were really in the shit a couple of years ago. Give over. Can't you be satisfied that he's helping us now? Makes me cringe when people assume that local wealthy people (Owen, The Duke) are duty bound to hand over their money just because they're rich. |
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Post by Frank Owen’s Paintbrush on Feb 11, 2021 13:32:30 GMT
Apologies, i must have missed that article along with the one that shows him handing over a substantial donation when we were really in the shit a couple of years ago. Give over. Can't you be satisfied that he's helping us now? Makes me cringe when people assume that local wealthy people (Owen, The Duke) are duty bound to hand over their money just because they're rich. I agree, we shouldn’t be demanding that. Be nice if he paid his taxes, mind. |
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Post by Deleted on Feb 11, 2021 13:34:13 GMT
Very childish responses to the Duke, without whom the KGV project would still be in the feasibility stage.
Why cant we just be thankful that the clubs name is attached to such a positive local community development?
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Post by Deleted on Feb 11, 2021 14:12:43 GMT
Very childish responses to the Duke, without whom the KGV project would still be in the feasibility stage. Why cant we just be thankful that the clubs name is attached to such a positive local community development? fully agree I have met the previous two dukes not the latest one, and they both cared about the people of Chester, especially handbridge. The age old if you don't give it away you're a tight bxxxxxd and if you do you're a flash bxxxxxd. |
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Post by Moltisanti on Feb 11, 2021 14:20:24 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to. I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix? The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory.... This is getting embarrassing now. |
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Post by rossettred on Feb 11, 2021 14:32:43 GMT
I completely understand why Beavis & Butthead invested into the scumbags with them being such a "massive" club. I think it is the floodlights that swung it - they are massive after all!
Apparently they were looking for a ground in Wales so you must have been in with a shout at some point  |
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Post by waggoner on Feb 11, 2021 15:46:02 GMT
I completely understand why Beavis & Butthead invested into the scumbags with them being such a "massive" club. I think it is the floodlights that swung it - they are massive after all!
Apparently they were looking for a ground in Wales so you must have been in with a shout at some point I am told by a reliable Sauce that they made a massive F@@k U@. They were of the opinion they were buying West-ham Not Wrex-ham, easy mistake i suppose i believe this information to be totally HP |
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Post by Frank Owen’s Paintbrush on Feb 11, 2021 16:25:11 GMT
Well we do know reliably that Hartlepool knocked them back after due diligence and then warned Chesterfield off them.
Suppose Wrexham fans reckon they should be in League One so were always going to nibble on the dangled (poisoned?) carrot.
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Post by glosblue on Feb 11, 2021 17:21:35 GMT
The whole thing gets more intriguing the more it develops.
First off, old twinkly-eyes and the one no-one can remember have effectively got their money back already, from the Netflix funding, according to sources. They've also got control of the club and it's assets legally, by the issuing of £2m worth of new shares (the money they've put in), which means they have greater than 50% ownership of the expanded entity (the WFC fans had shares worth £1.5m, I believe). Now, even though their fans 'gifted' those shares to the US boys, unless they gave something directly in return it wasn't a contract (because no consideration had passed ie they didnt give anything directly for that gift). In that circumstance, if it goes wrong, you could see a scenario in which the fans could claim their club back - but now, they only have a minority stake, even if the argument about the share gift was successful. So, net, the yanks can do whatever they like, whenever they like, with no legal comeback.
Given they've got the Netflix return already, one wonders how much more 'real' funding they want to put in. You can only see Netflix paying for content if that content is worth watching (ie they immediately get promoted), and even then their interest will quickly wane - unlikely to be more than a one-off, rather than a recurring series. It's highly debatable how many will actually watch it anyway. Uncle Ryan will no doubt introduce it, but then it's down to a documentary about a very low level provincial British football team who the world hasn't heard of. People would tune in to start with to watch RR introduce a programme about watch mending, but then if the content wasn't interesting, they'd soon drop off.
Best bet for them is they get quick success, and the yanks get them into the league for a year or two before departing amicably. Worst case is it all falls apart - no success, the content isn't compelling, the boys want out, and ownership (including of bigger financial commitments for players etc) gets really, really messy.
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Post by blaconboy on Feb 11, 2021 18:49:08 GMT
The whole thing gets more intriguing the more it develops. First off, old twinkly-eyes and the one no-one can remember have effectively got their money back already, from the Netflix funding, according to sources. They've also got control of the club and it's assets legally, by the issuing of £2m worth of new shares (the money they've put in), which means they have greater than 50% ownership of the expanded entity (the WFC fans had shares worth £1.5m, I believe). Now, even though their fans 'gifted' those shares to the US boys, unless they gave something directly in return it wasn't a contract (because no consideration had passed ie they didnt give anything directly for that gift). In that circumstance, if it goes wrong, you could see a scenario in which the fans could claim their club back - but now, they only have a minority stake, even if the argument about the share gift was successful. So, net, the yanks can do whatever they like, whenever they like, with no legal comeback. Given they've got the Netflix return already, one wonders how much more 'real' funding they want to put in. You can only see Netflix paying for content if that content is worth watching (ie they immediately get promoted), and even then their interest will quickly wane - unlikely to be more than a one-off, rather than a recurring series. It's highly debatable how many will actually watch it anyway. Uncle Ryan will no doubt introduce it, but then it's down to a documentary about a very low level provincial British football team who the world hasn't heard of. People would tune in to start with to watch RR introduce a programme about watch mending, but then if the content wasn't interesting, they'd soon drop off. Best bet for them is they get quick success, and the yanks get them into the league for a year or two before departing amicably. Worst case is it all falls apart - no success, the content isn't compelling, the boys want out, and ownership (including of bigger financial commitments for players etc) gets really, really messy. They gave one peppercorn for the trust shares, so the rest is immaterial |
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Post by inthestand on Feb 11, 2021 19:55:29 GMT
Or...you can look at it this way...without the investment they would go bankrupt next year like many other clubs probably will (which may include ourselves)...but at the moment for starters they've got over 3 million quid in their bank account..which we will never nowhere near ever have under fan ownership ..
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Post by gone4eva on Feb 11, 2021 23:19:31 GMT
Do the owners now own the ground itself? Or is it owned by the council? We have that fortunate position which basically saved us from completely collapsing as SV would have sold it if he was able to. I am uncertain what the revenue stream will be for Wrexham going forward. Is it continued funding from the new owners from their earnings via a contract with Netflix? The Duke of Westminster should take us over and organis a similar deal with Netflix. The English Duke V the Hollywood dreamers. The Americans would lap it up. The rivalry would be a great angle. Also the Duke could easily cover any 'losses' whereas the Americans would run out of resources and Wrexham's future wouldn't look too rosy. The setting for 'our' Netflix would also be more appealing...the Dukes estate, royal visits to watch the team...Chester City in all its glory.... I don't know if anyone remembers Brutus the cat that died of Saltney Morrisons fame but I emailed Netflix to see if they fancied picking up the story for some kind of docu-drama. I detailed how my mate has some great drone footage of the area so they could use that and help cut costs. I couldn't find anyone to play Ted Robbins, and I did not want to approach him direct after what happened at Keele Services that time. Long story short, they are a bunch of bastards and never replied. I know a few on here thought I was full of shit when I posted this a few years back but just google 'Brutus Morrisons Chester' and it is all there. RIP Big Guy. Playing with the cat angels now xox  [/quote] |
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Post by utb on Feb 12, 2021 0:20:09 GMT
Reynolds and his mate doesn't need to put any money in besides the two million. Wrexham's income will naturally shoot up through the likes of new sponsorships by companies wanting to get involved with the club owned by a bonafide Hollywood superstar. I reckon within a year, Wrexham will be earning more money via club partnerships/sponsors than any other club from League One downwards apart from maybe Sunderland.
If I was the owner of a big company looking to sponsor a football club and as part of sponsoring Wrexham, Ryan Reynolds offered to voice/star in an advertisement for my company and promote it over his social media channels, I'd happily pay a seven figure fee. 54 million followers on Twitter and Instagram combined seeing my product. Kerching!
Wrexham will be absolutely fine off the pitch. The only hurdle that faces them from here on in is the toughest one of all that Reynolds can't control, getting them out of the conference.
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