Share Liverpool FC

I have been very interested in the Share Liverpool FC scheme ever since it began. I hoped, but never realistically, thought it would ever get a real hearing in the financial world that Liverpool Football Club seem to exist in at the moment. I even had the Lady of the Villa give me the £500 (see below) that is needed to become a shareholder as a birthday present.
So what is this scheme. In a nutshell
Share Liverpool FC are looking to raise £150 million from LFC fans to initially acquire, they hope, a 60% interest in the Club:

• Approximately £10 million to come from the sale of £500 shares in ShareLiverpoolFC on a one person one share basis (this would require at least 20,000 fans to sign up).

• Approximately £140 million to come from shareholding fans acquiring SLFC Loan Stock giving them a return of 2% a year

In addition;

• they would seek one or more commercial partners to invest £100 million for a 40% interest in the Club.

They  would also seek to negotiate with the banks to swap £100 million of their current debt for convertible Loan Stock in LFC. The banks would give SLFC the right to purchase this convertible LFC Loan Stock in equal annual instalments over 20 years. Following acquisition of the banks’ convertible LFC Loan Stock, SLFC could convert it into new shares in LFC, therefore enabling it to increase its equity interest over time to 71%.
The balance of the banks’ current debt of £250 million would be discharged (indirectly) from the £250 million of funds raised above.
These proposals would provide the long term, affordable financing our Club desperately needs and delivers ownership of Liverpool FC to a broad base of fans.
BELOW IS A DIAGRAM WHICH SHOWS THE STRUCTURE

It’s been quite a journey so far for supporters of Share Liverpool FC. The route has changed, for various legal and financial reasons, but its always the same destination: Fan ownership of Liverpool FC. I am all for that. I am ready and I hope they can find another 20,000 supporters to but their £500 in.