The document is not on Companies House yet but I have got from another source a very significant share allocation document.
Remember I posted a couple of weeks ago RAL (Reform Acquisitions Limited) who owns Villa had lifted the restrictions on the number of shares to be held.
Well an Allotment of Shares document was posted on the 18/12/13 showing that £90million of shares had been allotted. This took the total shares at Villa to £223 million and thus above the original £200M that we did have.
You ask – so what ??
Well previously when shares had been allotted this was in effect money put into the club usually by randy in swapping debt for shares at usually £5M a go. This is £90 MILLION we are talking about and if this is the same as before would wipe out a large chunk of the debt in one go.
Or it could be investment into the club ….
As I suggested when we saw the share lift that was more than just tidying up the books, it allowed for this move ……
Either way this is good news –
If wiping off a large % of the debt then wages can be increased
If it is an investor then it means more money