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Post Info TOPIC: Selling the club


Playmaker

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Date:
Selling the club
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I've seen lots of posts/comments recently re: "sell the club". Sorry for being a bit thick, genuine question - Can you sell a Community Interest Company (CIC)? I don't think you can!!! Also - what assets do we have to sell, a run down ground owned by the Council? Sorry, just don't get it. Any knowledge appreciated.



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New Member

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RE: Selling the club
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Eastbourne Wing wrote:

I've seen lots of posts/comments recently re: "sell the club". Sorry for being a bit thick, genuine question - Can you sell a Community Interest Company (CIC)? I don't think you can!!! Also - what assets do we have to sell, a run down ground owned by the Council? Sorry, just don't get it. Any knowledge appreciated.


Youre effectively selling/buying a place at Step 2, and an income stream via the bar and other activities associated with the club, if there are/were any. 

The club has no assets in terms of ground, large assets like cars, equipment, property, etc, and no players on contract worth anything of significant value, now or in the future.  

Any sensible person would think the club therefore worth a relatively small amount, or in and around that paid for its acquisition from the Hobbins. Sadly, maybe one, thinks it worth a huge amount more. Strange. 



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New Member

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Posts: 44
Date:
RE: Selling the club
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Eastbourne Wing wrote:

I've seen lots of posts/comments recently re: "sell the club". Sorry for being a bit thick, genuine question - Can you sell a Community Interest Company (CIC)? I don't think you can!!! Also - what assets do we have to sell, a run down ground owned by the Council? Sorry, just don't get it. Any knowledge appreciated.


 Oh, and you can sell a CIC, just like the Hobbins did. There are certain criteria you must meet, but its a company, and therefore it can be bought and/or sold not different to any other item. 



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Playmaker

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Posts: 306
Date:
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Thank you, very helpful. So in effect you buy a share, and a shareholder gets a director place on the CIC?

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Club Legend

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Posts: 1541
Date:
RE: Selling the club
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Eastbourne Wing wrote:

Thank you, very helpful. So in effect you buy a share, and a shareholder gets a director place on the CIC?


 No it is like any other company where shares are issued and directors are appointed. Just because someone owns shares you do not become a director. 



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Racconteur Extraordinaire

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Date:
Selling the club
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Does anybody know how much it would cost to buy the club from Goldberg?

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Club Captain

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Date:
Selling the club
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Has this got legs?
www.union-news.co.uk/anti-fascist-trade-union-group-offers-to-buy-welling-united-fc/

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Club Legend

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RE: Selling the club
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Wallop wrote:

Has this got legs?
www.union-news.co.uk/anti-fascist-trade-union-group-offers-to-buy-welling-united-fc/


 Would we have to change our name to Dulwich Hamlet Light I ask myself.



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Club Captain

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Date:
RE: Selling the club
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Wallop wrote:

Has this got legs?
www.union-news.co.uk/anti-fascist-trade-union-group-offers-to-buy-welling-united-fc/


 Fake news



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N Jones


Club Captain

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Posts: 739
Date:
RE: Selling the club
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Wallop wrote:

Has this got legs?
www.union-news.co.uk/anti-fascist-trade-union-group-offers-to-buy-welling-united-fc/


 It hasnt even got armpits.



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