[Official Site] CLUB STATEMENT: NEW BOARD OF DIRECTORS

All Im interested in is that the person(s) who appointed Schopp and stuck with him when it was clearly a disaster then replaced him with Poya fkng Arsebaggy has now left the club and that the new decision maker will see the importance of getting this appointment right.

 

They have left with immediate affect, now I'm the same as you. Have they left? or are they in some way pulling the strings? Chuffin hope not.

 

Does he???

 

Thank you for clarifying Loko.

Certainly positive for now and I'll take on the Trust's faith that the new structure will act in fans' interests and look forward to seeing what other detail emerges.

 

Bloody hell m8, you could have just said that in first place .
That’s all I asked.

Thank you

 

Missing the fact that the board are accountable to the shareholders. So in terms of investment, that would still have to come from the likes of Chien Lee.

Not getting a penny more of my money until they are far more up front about the situation. First time since 1992 not bought a season ticket.

 

They have no influence on the day to day running of the club. They could put us in admin, but then they would lose their investment.

 

The Shareholders.

I know how vague that sounds, but it is what it is. Who owns all the shares in BT? Would having a list of them be helpful?

An investment opportunity was proposed, 'We're going to buy a load of football clubs in Europe, we believe they're massively undervalued compared to sports clubs in the USA, we believe they're going to go up in value, and we believe in a few years you'll get a tidy return on your investment. Who wants in?"

And so either one or two wealthy individuals invested and own all the shares, or lots of less wealthy individuals invested and the shares are distributed amongst many, or, most probably, a mixture of the two.

Those who proposed the investment opportunity, Lee/Conway (traders themselves), acted as representatives of the share holders and ran the clubs. They got lucky with Nice. It was going spectacularly tits up, but there was someone rich enough, who loved the club enough to buy it off them before it imploded. They made a profit for the investors, so people wanted to invest again, or others wanted to invest at the next opportunity. They then bought Barnsley, and subsequently a load of other European clubs. But their incompetence reared its head again and all these clubs are failing. Sensationally failing. The investors aren't going to get a return. So they've been sacked off from Barnsley by the investors at the first available opportunity. Same will happen at all the other clubs when that time comes around, if they all survive this mismanagement. The investors at Barnsley have replaced them with a different representative.

 

The questions are more whether any unusual voting rights or shareholders agreements exist in the HK vehicle, not in BFC. They shouldn't have any ability to make day to day decisions in BFC. They may well have an ability to influence the HK limited company though if said agreements are in place in Lee's favour. There's no reason to say Lee has any right of veto or block, but they can exist in corporate entities and can sometimes be an irritant to other shareholders.

 

I just can't resist ..... he is now a "has beane"

 

Well al tek thi word for it but you have just baffled mi

 

Read mi mind.

 

Boo, gerroff!

 

Is one of the recommendations of this fan led review stuff that the full details, ownership, accounts etc of any overseas registered holding companies have to be published in the UK at the same time as the football club accounts? If not it absolutely should be top of the list. Or even that all holding companies be UK registered.

 

If my source is correct......In answer to the oulare query the one who identified him was Paul Conway he alone was responsible for his signing he wanted him before DD....we were warned by Watford how lazy he was and yet Conway ignored all the advice when we eventuallysigned him....previously Murphy argued for DD and pushed it through ...Conway then refused his purchase hence the fall out amongst other things that were taking place which led to Murphy and Co jumping ship in the fashion it did...

 

What investment is that exactly? I’ve been as fed up as anyone, and was definitely not renewing. What I need to hear now is that the player trading model has been abandoned in favour of sporting competitiveness. If this is the case I will then renew.

 

Can't see anything but good coming out of this on the whole.
The club has been given a lift by this news.
For the fans. Who appear to have got their club back.
For the players still here and future recruiting by removal of the biggest stumbling blocks.
Gone, the stupid groundshare enquiries.
Gone the idea of not getting experience. When warranted. Getting it right on the field not just the bank ballance. (although still important)
All has still to be made clearer on the ownership front for my mind/liking . But the statement put out by Parekh has certainly lifted my spirits.

 

Oulare came from Standard Liege. Standard Liege are owned by 777 Capital. Conway/PMG is on a hefty retainer for providing 'advice' to 777 Capital.