Lines in the sand

From the statement alone, there's not only a need, but seemingly an intent to rebuild bridges. I think it would have been a major misstep not to have had a press conference with the new board and to allay fears, propose questions, but most importantly, distance themselves from the destructive crass delusional self serving influence of Conway and Lee.

 

Maybe so, but I think there is something else around the corner. I suppose we will see in the coming days and weeks

 

I think we say businesses fail all the time and it can be for a variety of factors, but a lot of the time it's due to an inflexible business plan that doesn't adapt to the marketplace.
If he is still involved as an investor (and if the document in Exiled's thread is due to be updated, perhaps he isn't) I still want to give Chien Lee the benefit of the doubt, that as the largest minority share holder, he too has become disillusioned with the original Paul Conway/PMG plan at least as far as Barnsley FC is concerned and wants to try and realise a return on his investment and now plans to let others take control of the direction of the club.

 

As the biggest shareholder though, Lee has always had the ability to be king maker. He could easily have sided with the Crynes, or just with Parekh. I suspect given he's also been ousted from the club board, those with the new majority very much saw him as part of the problem. That's the most logical conclusion on the face of it given the actions we've seen so far.

 

Perhaps so, but as a serial business investor, he would be mad to take a loss on his substantial investment in our club. If they paid an initial £6.75m for the club (i can't remember the figures now) £2m was his. That 2m is probably worth half now, but will be worth 2m again once we are back in the championship.

 

Depends if the remaining shareholders are able to dilute his stake with a new share issue. And i believe Lee wouldn't be able to take holding in any other UK football club. Given they've created a SPAC to try and acquire bigger investments in major European leagues, holding a nominal stake in BFC would seem counter intuitive.

We'll just have to assess over time.

 

I get some pleasure from reading it.

 

@DannyWilsonLovechild - many thanks for your very kind words and 'nomination'. I'd absolutely love to - as I'm sure would many others.......

 

Looking at the new board it certainly gives a feel of a more trust worthy group and positive future for our club. Nareev hopefully could be a big player moving forward if he finds a love for our town.
Good times ahead i hope.

 

Think that's spot on, coupled with the relegations at the other clubs and the protests at ASNancy. If it had just been Barnsley they'd messed up it would have been easier to blame other things than themselves.