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"There’s been investment into the club’s training facilities, and we’ve improved the pitch at the Stadium of Light - very early into Kyril Louis-Dreyfus’ tenure it was revealed that he’d spent around £500,000 on a pitch lighting system that would help to maintain the quality of our playing surface for many years to come. what right do we fans have to tell L-D how to spend his money ? (Allowing for "corporate" wording ) that seems unlikely to be from L-D and more likely dramatisation by a journalist (or Twitters). L-D has a Trust find worth £ 2 billion - so definitely a "multi millionaire".ĭid L-D ever " guarantee that they would piss the league" ? Or at Scally for retaining a significant, but minority stake ? If GFC, would any " furiousity" be aimed at a new, largest but not 50%+ shareholder ? Practical considerations if a minority owner’s brand is an essential asset of the businessĪny of these approaches can mean that the holder of a minority of the share could actually have a full or partial controlling stake in the company.Protective provisions that require Series or Director approval over major actions. Shareholders agreements requiring a specific board composition.Separate classes of stock with different voting rights.But there are many other ways to ensure control, including but not limited to: In many-if not most-situations this can be as simple as owning a majority of the company’s stock. or failing to clarify the definition of "controlling interest". One would have to trawl, to discover whether that was L-D being misleading - or journalists mis-reading between the lines. It does seem to be true that early reports mentioned "controlling stake" by Louis-Dreyfus. ( One might wonder just how "many" fans are "furious". If it was Scally, how much would people care ?
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