Placing17 Apr 2024 21:47
Note that with the placing, if Ducking and Diving Dunkerton gets 200 million shares, he will own 225 out of 300 million afterwards i.e. 75% of the company. He will be able to do what he wants with it. Normally, placings are open to institutions, that Dunky will only let himself be eligible, seems like he gets the company for peanuts.
Of course he does either way I guess. My opinion is new money investors would be better off looking elsewhere with his poor track record since rejoining the board, he is no great businessman, he got lucky by getting Becks to wear his stuff a long time ago. Beckham was super cool once but is just an old dad now, which sums up the brand at least in the UK.