This site is supported by the advertisements on it, please disable your AdBlocker so we can continue to provide you with the quality content you expect.

Club Ownership

Discussion in 'Molineux Mix Archive' started by Jonzy54, Jan 14, 2015.

  1. Jonzy54

    Jonzy54 Just doesn't shut up

    Messages:
    38,372
    Likes Received:
    10,382
    Joined:
    Jan 3, 2007
    Yesterday's news has got me thinking.If Sir Jack had died in post the club would have passed into the ownership of his family ,some of whom have been board members ,for them to decide whether to continue or sell up.
    I am not wishing ill on Steve Morgan but if the same happened to him then what? Would we revert to ownership by Bridgmere,The Morgan family,Redrow(unlikely) or what?
    We have one owner and Directors (Is it 3) with only the former having 'money' and no share issue.
    Unlikely to happen but one would like to think there are contingency plans .
     
  2. Mr Chad

    Mr Chad Groupie

    Messages:
    188
    Likes Received:
    41
    Joined:
    May 24, 2013
    The shares in Wolves FC are owned by one of the companies that Morgan runs (I can't remember which, but I'm sure someone will know). The shares would remain in that companies ownership, and whoever controls that company after Morgan's demise would have effective control of the club. That may be Morgan's family or the Board of Directors if the family aren't interested in running the (building) company.
     
  3. FLEET WOLF

    FLEET WOLF Just doesn't shut up

    Messages:
    18,196
    Likes Received:
    660
    Joined:
    Mar 12, 2008
    Its a good point to consider Jonzy.
     
  4. Penk Wolf

    Penk Wolf Just doesn't shut up

    Messages:
    10,091
    Likes Received:
    0
    Joined:
    Apr 3, 2010
    Bridgmere would own it and then it would go to however his estate is divided in his will.

    He may have a insurance policy in place which allows the Directors of the company to automatically buy the shares off his estate in the case of death.
     

Share This Page