Buying shares in a football club as a present - HOW?

fimonkey

I've been wondering what to get my bf for his birthday, and am thinking about £50 worth of shares in his favourite football team, it would suit him perfectly.

1. Can I buy shares in someone elses name, or for someone else?
2. How would I go about it (with minimum fee's preferably).
3. Anything 've not thought of?

Cheers in advance

opinions4u

I would ring the club directly.

If they are a plc you can just buy on the open market, but it may be possible to get a framed share certificate - which would be more interesting for him to show off. Link below for one of many firms on google.

Most clubs are actually limited companies. In this case you would be unlikely to be able to purchase shares unless you can get hold of somebody who wants to sell. And for £50 they'd be far too busy to do business!

Which club is it?

http://www.framedshare.co.uk/results.asp?txtSearch=1football

purch

3. Anything 've not thought of?

The most obvious one........

Is the Club in question a publicly quoted Company ?

If not, and it is a privately held Company, do the shareholders wish to sell shares in it to you, or anyone else ?

fimonkey

Well please don't shoot the messenger, it's Tottenham (I don't follow football I might add so I won't understand any football jokes or jibes).

Had a look on Bullbearings (the fantasy share trading account) and you can buy them there, so just presumed that meant I could buy them on the 'open market' so to speak.

Opinions for you, thanks for the link, but they're selling ONE Tottenham share plus paraphernalia for £29.99, whereas TTNM shares on the stock market are about 90p each today, so would prefer to buy them there (if possible).

Re: Having £50 to spend, on bull bearings this included the commission of £10 and stamp duty of 0.5%, I guessed this reflected the real world, but am I wrong?

So HOW would I go about buying shares in Tottenham please? and how do I know if it's publicly or privately funded?

purch

Spurs are a publically quoted company, so buying Stock is exactly the same as buying any share on the market.

There are many threads on here concerned with the cheapest and easiest way to buy shares.

fimonkey

Thanks Purch, so i can buy them for someone else in someone elses name?

pmorrison_2

Ive bought one share in Tottenham from Framed Share - to be honest I dont think that the shares will go up enough in value to be worth looking at making money, especially with just £50. From Framed Share you also get a certificate which I wouldnt have thought you get from a normal trader. And you can definetly buy a share in someone elses name as I have a friend who had one bought for him

itsmickdundee

fimonkey wrote: »

Well please don't shoot the messenger, it's Tottenham (I don't follow football I might add so I won't understand any football jokes or jibes).

Had a look on Bullbearings (the fantasy share trading account) and you can buy them there, so just presumed that meant I could buy them on the 'open market' so to speak.

Opinions for you, thanks for the link, but they're selling ONE Tottenham share plus paraphernalia for £29.99, whereas TTNM shares on the stock market are about 90p each today, so would prefer to buy them there (if possible).

Re: Having £50 to spend, on bull bearings this included the commission of £10 and stamp duty of 0.5%, I guessed this reflected the real world, but am I wrong?

So HOW would I go about buying shares in Tottenham please? and how do I know if it's publicly or privately funded?

It is legally impossible to buy shares on the stock market in someones name other than your own - unless you create some kind of a trust fund, which really wouldn't be worth it with peanuts like £50. That would almost be like opening a shop with only a can of beans on the shelves and a couple of quid in the bank.

It the "normal" sense, you'd open a share save account (online), apply, send off your identity documents and a week or so later, your account would be open. In your name. So you could buy the shares, but they'd just be sat there not doing much. Most, if not all, of the online broker websites charge around £12-12.50 per trade. Plus capital gains tax @ 0.5%. Plus the share price will have a "spread", meaning even if the share price is say 90p, you'll pay possibly another 5-20% more than this price (the "spread" is bigger for penny shares - I won't go into any details - but think of it as another "commission"). And most of them charge "inactivity" fees as well, so if you don't make any further trades, you could potentially lose another £28 extra per year, in fees alone.

So if you were to buy some TTNM shares today, your £50 is already reduced to £37.31 (-£12.50 commission / - 0.5% CGT), which means you'll buy about 39 shares (estimated at a buying price of 95p with the spread) in Tottenham FC at their current price. Oh, and remember you'll have to pay the £12.50 + 0.5% CGT + have the spread to contend with when you come to sell. So the share price would need to rise by around 170% - which by the way is a HUGE increase - for you to even break even. In other words, you would never, ever make a profit - it is about as likely for Tottenham FCs share price to jump by that, than it is for me to become their new owner.

A "human" broker would laugh at you.

So that basically rules out doing it "for real". Because you clearly aren't buying the shares for financial gain - just as a token gesture. Hence the "gift" idea.

Which brings us on to Framed Share. This is what is called a "gift" idea related to shares.

That is, the share more or less doesn't exist - it's just a token way of "giving" someone a share in their favourite company. Think of it like "buying an acre of the moon".

It's all make believe, unless you really do have the proper amount of money to actually buy it. And £50 is not the proper amount of money. A minimum of say £1-2000 would be better if you did want to buy shares in the conventional sense, but then this would then turn into a financial speculation rather than a token gift.

There is nothing sentimental about owning (including a tiny amount of) shares in a company by buying them in the usual way, unless you are mental. Otherwise, for sentiment, you buy from somewhere like Framed Share.

If Framed Share doesn't sound appealing, then I'd suggest perhaps some other Tottenham Memorabilia, because you'd be throwing your money away if you were to buy actual shares in TTNM - and you'd have absolutely nothing to show for it - with share dealing entering the digital age long ago, you don't get nice pretty share certificates anymore. Unless you feel like framing a print out of your dealing statement.

Hope this helps.

pmorrison_2

itsmickdundee wrote: »

That is, the share more or less doesn't exist - it's just a token way of "giving" someone a share in their favourite company. Think of it like "buying an acre of the moon".

I can assure you that my dividend payment of 4 pence proves that this share does exist!!! :rotfl: