Tweet
Taken from the Daily Telegraph when Briatore bought the club:
The pair completed their £14 million takeover in November, spending £690,000 to acquire their 69 per cent majority stake in the club. Ecclestone spent £150,000 on his 15 per cent, while Briatore, through his British Virgin Islands registered company, Sarita Capital, bought 54 per cent for £540,000. He has since sold on 20 per cent of his stake to Mittal.
If the Briatore, Ecclestone and Mittal only earns 69% of the club with 31% owned by lots of other shareholders. Then unless Mittal has bought those shareholders out the maths doesn't work.
Mittal can't own 60% unless Briatore and Ecclestone only now own 9%. Completely possible but some are suggesting that Briatore and Ecclestone have 20% each which would mean Mittal owns less than a 3rd of the club (29%). Where have these figures come from because I doubt highly that they have contacted all of the other shareholders (potentially hundreds of them) and bought those shares.
The pair completed their £14 million takeover in November, spending £690,000 to acquire their 69 per cent majority stake in the club. Ecclestone spent £150,000 on his 15 per cent, while Briatore, through his British Virgin Islands registered company, Sarita Capital, bought 54 per cent for £540,000. He has since sold on 20 per cent of his stake to Mittal.
If the Briatore, Ecclestone and Mittal only earns 69% of the club with 31% owned by lots of other shareholders. Then unless Mittal has bought those shareholders out the maths doesn't work.
Mittal can't own 60% unless Briatore and Ecclestone only now own 9%. Completely possible but some are suggesting that Briatore and Ecclestone have 20% each which would mean Mittal owns less than a 3rd of the club (29%). Where have these figures come from because I doubt highly that they have contacted all of the other shareholders (potentially hundreds of them) and bought those shares.
Comment