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New owner floats club on stock exchange issue.


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New owner completes purchase of Liverpool FC and promptly floats the club on the stock exchange, and I get a message saying that it brought precisely zilch into the club coffers. Is this normal, a bug or an issue? I cannot find any discussion whatsoever on the entire internet about clubs becoming public limited, so am stuck.

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12 minutes ago, masno said:

It means that now you have a new boss,congrats!

Oh I get that, and yay FSG are gone, but I thought the whole point of floating the club on the stock exchange was to generate cash and lots of it. We are now in a worse state financially than before!

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By floating the club on the stock exchange the owner is selling all or part of his ownership interest (shares). Therefore, all the funds raised go directly to him not the club. However, the parties that now own the shares may well put further funds into the club at a later date via the issue of additional shares.

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