Floated on Stock Exchange Takeover

[VoidVector]

So, I'm playing as Arsenal. Currently in October of 2023 and it came up in the news that a 397 million pounds takeover of Everton just happened, and the owner is looking to 'Float the club on the stock Exchange'

What does that mean and how good is it compared to a Tycoon takeover? (which I understand is the best kind of takeover possible in the game)

Am I witnessing the birth of Manchester City 2: Electric Boogaloo? Or are they not going to be so free to spend the money?

[FrazT]

If the sale is floated on the stock exchange, then ordinary supporters will get the chance to buy shares and the ownership of the club will be widely dispersed and decision making may be difficult and require shareholder approval.  A Tycoon takeover is where the ownership is in the hand of a single or very small group of owners and they will run the club the way they see fit without having to get outside permission to do so.