New shares issued

[imps1]

Any idea what this means ?

Has this money been added to the clubs funds

 

[kickingimp]

I'm reading this as we had all but 6k of this available in August. But I'm not qualified in any form of accountancy

 

[Skip155]

The Lincolnite says...

‘In addition, Lincoln City Football Club received a capital injection of over £5.5 million on August 29, according to Companies House. The documents will only be available next week, when it will become public who bought the shares.’

Is this correct?

https://thelincolnite.co.uk/2019/09/its-official-imps-unveil-new-first-team-manager/

 

[gijsbert_bos]

Yeah apparently we have had a £5.5MILLION cash injection in August. Identity of the investor to be revealed later.

Bonkers.

 

[imps_joe]

Not a chance that can be true?

 

[Skip155]

Nah I think they’re misreading the share document posted above. They’re looking at total rather than new.

 

[Jules]

It's definitely a mistake.

 

[gijsbert_bos]

Journalists, eh?

 

[SalfordImp]

Not a chance that can be true?

Nothing is IMPossible.

 

[Luke Imp]

They've deleted the tweet and altered the article now.

Bit of a schoolboy error on their part.

 

[Scotimp]

Don't get too excited.

Someone has looked at the share capital in Lincoln City Football Club Limited (not the holding company, by the way) and thought it was new investment.

Lesson to whoever did this: if you choose to blog or boldly announce things to the world through any other medium, engage your brain first. You look a right twerp if not.

 

[Hank the Imp]

They've deleted the tweet and altered the article now.

Bit of a schoolboy error on their part.

I thought all journalist were perfect!!!

 

[Rasenimp]

https://twitter.com/i/web/status/1175039353367736320

Is that some extra money in the club though?

 

[buckielugger]

Looks like an extra £20k.

 

[Gaz_Imp]

Can’t wait for the board to get loads of abuse in January for not spending £5.5 million we never had!

 

[Max Arnold]

100k invested I believe as last shares valued as 0.10p oer 0.50p invested.

 

[GreenNeedle]

The original one looks to me like £3k only has been added to a total. No way has £5m been added. I would suggest half that or less would buy our club!

 

[Scotimp]

Can’t wait for the board to get loads of abuse in January for not spending £5.5 million we never had!

You can absolutely bank on it.

In 2016 we published an April Fool in which Lincoln City were selling Sincil Bank and moving to groundshare with Lincoln United during the summer close season. Because of the reaction it generated, we were forced to put out a statement saying it wasn't true and explaining all the clues in the article.

More than a year later, there were still people who believed we had sold the ground and were heading to Ashby Avenue.

 

[Max Arnold]

The original one looks to me like £3k only has been added to a total. No way has £5m been added. I would suggest half that or less would buy our club!

Ignore the LINCOLN CITY FOOTBALL CLUB COMPANY LIMITED on companies house in so far as investment is concerned any changes to this company is money flowing from the holding company, as i mentioned above it looks like an additional £100k investment, this will then go across to the football club as required.

 

[Jules]

You can absolutely bank on it.

In 2016 we published an April Fool in which Lincoln City were selling Sincil Bank and moving to groundshare with Lincoln United during the summer close season. Because of the reaction it generated, we were forced to put out a statement saying it wasn't true and explaining all the clues in the article.

More than a year later, there were still people who believed we had sold the ground and were heading to Ashby Avenue.

And for anyone that missed the article:
https://lincoln.vitalfootball.co.uk/sincil-bank-sold-for-development/