Tonight: Forum with JAQ, Khaled, Neerav

Does Khaled still have 99.9% autonomy on day to day running of the club?

Big explanation needed on the Hex debacle. Who was responsible for such a poor decision.

 

The BFC Investment Company details on the Hong Kong Companies Register have been updated in the last couple of days. in there, there is a return filed by Robert Zuk on 29th August and published this Monday (19th September).

The return shows an allotment of 4 million new shares of 25p each having taken place on 23rd June 2022.

The allotment of the new shares is exactly in line with the existing shareholdings, ie 'A' Shares - Lee 31.25%, Conway/Hung/PML 7.5%, Parekh 21.25%, and the total of the Quay Group members 20%. 'B' Shares - Crynes/OHL 20%.

So, the £1m went in or before 23rd June 2022 and the resultant share percentages remained unchanged.

 

Question for Neerav – In January 2021, Neerav transferred 225,000 ‘A’ shares in BFC Investment Company to Chien Lee. In September 2021, Neerav transferred 150,000 ‘A’ shares in BFC Investment Company to Chien Lee. Can Neerav confirm what these transfers related to? More importantly, can he confirm that no further transfers will be made? (This is of concern to supporters as a further transfer of, say, 150,000 ‘A’ shares to Chien Lee would give Lee and Conway (PML) back a numerical majority of the (controlling) ‘A’ shares.

Question for Neerav – Why wasn’t there adequate due diligence undertaken prior to the Hex disaster which has caused significant financial loss and untold reputational damage? In light of the severe and serious shortcomings in corporate governance, internal controls and risk identification and management obvious from the Hex situation and given that these are principle responsibilities and accountabilities of a Chief Executive in any company (and certainly in Barnsley Football Club, as set out in the job description advertised in Summer 2021) has the Board considered the Chief Executive’s position? Has disciplinary action been considered/initiated/taken? What remedial actions have been taken to prevent any recurrence?

Question for All – What measures are being taken to ensure recurrent financial stability given that non-first-team-player costs (ie all other costs) at BFC currently swallow up such a high proportion of the income level we have as a League 1 club?

General point – Congratulations on appointing Michael Duff.

Rhetorical Question – Does the ‘Player Identification Spreadsheet’ have a column for ‘Pace’? If so, could someone ‘unhide’ it?

 

Hopefully Shambles Street is open on a Thursday night, it hasn’t been for a few weeks now. Much to the disappointment of a few regulars.

 

Have they invested in replacing all their kettles?

 

Excellent, thanks for confirming @Exile. I last looked about a week ago. I'm pleased they've done it, for me it's a small indicator that they can be judged by their actions. Interesting that Lee has maintained his share. I guess we don't know whether Conway/Hung have done the same as we don't know the breakdown.

Maybe a slightly different question as a result about whether there has been any discussion with Lee and Conway/Hung about purchasing their shares?

 

what as changed

do you not think the west stand should be cheaper as it's a poor stand ?

 

People have explained to you times aplenty what has changed.
Surprised you're not there putting your point of view. Your chance to get to the bottom of things.

 

Do you not think if the facilities are better in the east stand folk would move over. As especially because there are adequate new spaces been vacated approx 2k
. ? .The only possible reasons I can see folk wanting to stay over there are
1. possibly not enough seats available together
2. The extra walk round (if using public transport.
3. They actually prefer the view and are reluctant to change. I was a west stand regular when it was standing.
I would love to see the day when that side is redeveloped. But at the mo we need to get it right on the field. To make it viable for an increase in fans.
I do reckon certain aspects need upgrading but I genuinely don't know what the facilities are like at that side.
Any ground I believe. Charge the same for the same view alongside seating and standing. That's why we paid extortionate prices at bell end rd over the yrs. Carabao cup excepted. But still same as fans opposite.

 

Any updates? Seems quiet everywhere about what's been said.

 

Changing a few names on the directors list at company house means sod all . I'm looking forward to tonight's meeting notes . Unless the supporters trust have blown smoke up kahleds and the Aussie lasses arse again

 

Couldn't you have gone to ask your own questions?

 

Aye changing who has the power to run the business doesn't change a thing.

 

To be fair that question could be asked of many many people.

 

All wind and p*** as my nan used to say

 

Your nan would be reight

 

I'd say we're pissing in the wind.

 

That's it cocker