Rochdale AFC news as The Ogden Family release official statement confirming their plan to buy shares in the club after being named preferred investor
“We will be investing up to £2m (including funds already advanced to the club) to acquire up to 6,857,143 newly issued A Ordinary shares,” the Ogden family said in a statement posted on the club website. “This would equate to a c. [circa] 68 per cent ownership stake in the club.”
The statement continues, saying that “the Rochdale AFC Community Trust (RAFC Community Trust) will be the exclusive beneficiary of any financial value realised in relation to these shares.”
“We will implement a ‘golden share,’ which would be held by the Dale Trust, in accordance with the recommendations of the Fan Led Review. Any modifications to the club’s name, colours, or emblem, as well as any sales of the club’s property, would need the approval of the golden shareholder.
“It is a condition of our offer that existing shareholder loans provided by Simon Gauge and Richard Knight (in the amount of c. £625,000) are exchanged for new A Ordinary shares at the same price as our investment. The shares received in exchange for this debt would represent a 21.4 per cent ownership stake in the club.”
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