An evening with Barnsley FC tonight

Discussion in 'Bulletin Board' started by Gally, Feb 9, 2023.

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  1. Gally

    Gally Administrator Staff Member Admin

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    They invested in the project and he held the proxy vote for their shares. There wasn't any other relationship there, is my understanding. He wasn't doing their bidding. They were silent investors. They invested in the same way they might invest in a fund. There was no control or any sort of employment-type relationship and to suggest otherwise is misleading.

    The consortium doesn't exist either now does it? Haven't JAQ and Neerav bought out the other shareholdings?
     
    Gally, Feb 10, 2023
    #121
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  2. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Wasted venture because we've still got Collins in goal, Mads in defence and can't give Styles away. :D
     
    Stephen Dawson, Feb 10, 2023
    #122
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  3. PFK

    PFKAR Active Member

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    no idea. They still own shares as far as we know because Parekh said all shareholders had subscribed to the share issue
     
    PFKAR, Feb 10, 2023
    #123
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  4. Winker

    Winker Well-Known Member

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    Thankyou enjoyed that.
     
    Winker, Feb 10, 2023
    #124
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  5. Gally

    Gally Administrator Staff Member Admin

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    No because they were silent investors and didn't get any say until they board room changes last year.
     
    Gally, Feb 10, 2023
    #125
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  6. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Why are they just investing enough to keep us ticking over when if they invested more the club could gain a more upward trajectory? They would eventually see a return on their investment they aren't destitute.
     
    Stephen Dawson, Feb 10, 2023
    #126
  7. Bossman

    Bossman Well-Known Member

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    Cheers for that @Marc
     
    Bossman, Feb 10, 2023
    #127
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  8. Redhelen

    Redhelen Well-Known Member

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    I was just replying to @Stephen Dawson's point about the ground. I'm not sure why he's trying to exonerate Conway from his mistakes either, I honestly think if he was still running the show season ticket sakes would have struggled big time. He didn't/ doesn't have a clue about European football, just hoped that he could turn a profit somehow on buying lower league clubs through investment vehicles in a scattergun approach.
     
    Redhelen, Feb 10, 2023
    #128
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  9. churtonred

    churtonred Well-Known Member

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    He WAS to blame. He was the one doing all the wheeling and dealing that completely screwed up the playing/management sude of things.
     
    churtonred, Feb 10, 2023
    #129
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  10. churtonred

    churtonred Well-Known Member

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    You can keep explaining this til you're blue in the face, Gally. Some folk point blank refuse to listen.
     
    churtonred, Feb 10, 2023
    #130
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  11. Gally

    Gally Administrator Staff Member Admin

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    There was a separate sale of shares before the last cash injection.

    The last details seen were

    'A' Shares (80%)

    Chien Lee 31.25%

    Neerav Parekh (Abhajay Trade and Commerce Limited) 30.25%

    Conway/Hung (Pacific Media Group) 7.50%

    JAQ/Husband (Jamakepe Investments LLC) 6.00%

    Joshua D Samuelson 5.00%

    'B' Shares (20%)

    Cryne Family (Oakwell Holdings Limited) 20.00%

    Although I think the 5% of Joshua D Smuelson may have since been sold to Neerav also.
     
    Gally, Feb 10, 2023
    #131
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  12. funnyfella23

    funnyfella23 Well-Known Member

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    Khaled was explicit don’t put on social media the updates on player fitness!!!
     
    funnyfella23, Feb 10, 2023
    #132
  13. Gally

    Gally Administrator Staff Member Admin

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    I don't think that logic is sound, though. How many club owners have thrown large quantities of money at football clubs and seen a return on their investment? (Bearing in mind nearly 5m was injected this season alone by owners of BFC)
    The initial reasoning around Lee and Conway making these investments was that they believed European football is massively undervalued compared to the USA, and they saw a long-term investment opportunity. Given the influx of foreign owners and inflated prices, that might come to fruition eventually. Neerav said he wanted to get involved in football. I think he's become a fan along the way, so maybe his reason to be involved was different or has changed. He never wanted to be as involved as he has become, for instance.
     
    Gally, Feb 10, 2023
    #133
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  14. Marc

    Marc Administrator Staff Member Admin

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    I didn't hear that. I didn't hear anything that isn't already public domain, or beyond what would ordinarily be asked in pre/post-match interviews. if the club ask me to redact anything they consider confidential, I will.
     
    Marc, Feb 10, 2023
    #134
  15. JamieBreweryStander

    JamieBreweryStander Well-Known Member

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    Chuck a load of money at it and it will work is basically what a couple of bright sparks are suggesting here. Thick as mince.
     
    JamieBreweryStander, Feb 10, 2023
    #135
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  16. tosh

    tosh Well-Known Member

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    If he is a fall guy, he ain't learning is he. If you change one of the letters in that word you will have perfect description of his endeavours for the clubs he is supposed to represent. ie. FAIL
     
    tosh, Feb 10, 2023
    #136
  17. PFK

    PFKAR Active Member

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    Aye, selling players and buying tripe to sell is working SO well
     
    PFKAR, Feb 10, 2023
    #137
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  18. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Some fans would be happy seeing Barnsley at Frickley Athletic on ploughed fields with a Bovril and pork pie for company.
     
    Stephen Dawson, Feb 10, 2023
    #138
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  19. nezbfc

    nezbfc Well-Known Member

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    Add to that every other club he's got involved with are doing extremely well indeed...... Not
     
    nezbfc, Feb 10, 2023
    #139
  20. Stephen Dawson

    Stephen Dawson Well-Known Member

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    You sound like Borat in Cultural Learnings.
     
    Stephen Dawson, Feb 10, 2023
    #140
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