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Preston North End boss Darren Ferguson has made an approach to sign Craig Morgan from former club Peterborough United.
There’s no consequence for a chairmen (running a limited company) either. If a chairman runs a limited company into the ground, he could still start up another business the next day; however, a plc is different, and the chairmen can lose his personal assets when going into admin running a plc. That’s why most clubs are limited and not plc. The downside is you cant sell shares to the public in a limited company.So chairmen running a limited company ( most football clubs) can take a risk, even in the sh1t as a last chance saloon. If a club is plc though, they will be much more measured as the chairmen stands to lose everything.
topnotch_Donny wrote:QuoteAlso, a chairman or director does not necessarily need to be a shareholder in the company, so it is quite possible for a director or chairman to lose absolutely nothing.I can vouch for that.....
Also, a chairman or director does not necessarily need to be a shareholder in the company, so it is quite possible for a director or chairman to lose absolutely nothing.