Ranson May Need Share Rethink

Covsupport understands that Mr Ranson wants 100% of the shares in CCFC (Holdings) Ltd, but is not prepared to pay for them.

Unlike shares in clubs such as Millwall or Aston Villa, Ordinary shares in the Holdings company are not for open sale on the Stock Exchange and can only be purchased from a shareholder wishing to sell shares.

Shares are treated as family heirlooms and often passed down through generations. In the unlikely event (some supporters have waited over thirty years to buy one) that you can find someone to sell you a share ,then
shares currently sell for around £150.

However, supporters have paid anything up to £500 for a single share which entitles them to attend the company's AGM and other EGM's which may be called. Only liquidation would really affect the shares worth.

Whilst the current Directors have the majority of shares as well as the unissued shares which are believed to number close to 50,000, there are plenty of small shareholders who are unwilling to relinguish their asset for nothing.

Said one female shareholder to Covsupport; "I take great joy in owning a CCFC share. It's a rare piece of memorabillia and gives me a part of the football club I love. "It has taken me thirty years to get one and I'm not prepared to give it away for nothing.

Her comments have been backed by a number of small shareholders that we have spoken to