[Official Site] CLUB STATEMENT

Discussion in 'Bulletin Board' started by Newsbot, Oct 3, 2022.

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  1. Stephen Dawson

    Stephen Dawson Well-Known Member

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    I'd like to know why Parekh sold shares to Chien Lee to strengthen his position? Is Chien Lee happy to carry on investing and it was Paul Conway (alone) who was the miser?

    I've mentioned it before in every interview Chien Lee did he mentioned strengthening the portfolio with investment where it's needed most.

    I sort of got the idea he is/ was a good guy and shouldn't be tarred with the same brush as Conway. Maybe that could be cleared up.
     
    Stephen Dawson, Oct 3, 2022
    #41
  2. Shy Talk

    Shy Talk Well-Known Member

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    It would be nice to think so but if that was the case why did the 'new' board chuck them both out?
     
    Shy Talk, Oct 4, 2022
    #42
  3. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Why did Parekh sell shares to them and vote them out? Doesn't that weaken his share?
     
    Stephen Dawson, Oct 4, 2022
    #43
  4. Redhelen

    Redhelen Well-Known Member

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    Don't think the council are due any of the money?
     
    Redhelen, Oct 4, 2022
    #44
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  5. Redhelen

    Redhelen Well-Known Member

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    Doesn't it mean the Crynes are gettingt what they are owed?
     
    Redhelen, Oct 4, 2022
    #45
  6. Stephen Dawson

    Stephen Dawson Well-Known Member

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    I'd like them paid off once and for all. I don't see what they bring to the table.
     
    Stephen Dawson, Oct 4, 2022
    #46
  7. DazFrumTarn

    DazFrumTarn Well-Known Member

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    The spreadsheet?
     
    DazFrumTarn, Oct 4, 2022
    #47
  8. Stephen Dawson

    Stephen Dawson Well-Known Member

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    I know that and the algorithm. You'd think the consortium would have microfilmed it by now.
     
    Stephen Dawson, Oct 4, 2022
    #48
  9. Kettlewell

    Kettlewell Well-Known Member

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    Possibly Helen,just seems to be taking longer for them to receive what they are owed. Surprised PC didn't put in penalty clauses for late or missed payments,such as converting payments owing, into shareholding. For example, 5% transference of shares to Oakwell Holdings (Cryne family), for every half million missed. I think the Investment group have been left off lightly, since purchasing the club.
     
    Kettlewell, Oct 4, 2022
    #49
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  10. Deafening Silence

    Deafening Silence Well-Known Member

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    It wasn’t a hostile takeover though. Patrick needed to sell the club and his family, whilst they clearly want to help continue his legacy, don’t want to be owners of the club, just to guide its future. (Just my opinion, I’m not itk)
    There’s no benefit to the club in it going back to the Crynes unless they can try to sell it to a different type of owner next time. But that relies on someone wanting to buy us.
     
    Deafening Silence, Oct 4, 2022
    #50
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  11. Slightly Balding

    Slightly Balding Well-Known Member

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    Won’t be long IMO
     
    Slightly Balding, Oct 4, 2022
    #51
  12. Acido Tyke

    Acido Tyke Well-Known Member

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    Im getting sick of hearing about the lot of them now, and I don't believe or trust any of them.
    And this January has got one thing written all over it... another huge cheap fire sale at Oakwell. So come and grab a bargain because we desperately need the money, players and coaches and tea ladies and toilet cleaners are all available for sale. :(
     
    Acido Tyke, Oct 4, 2022
    #52
  13. Marc

    Marc Administrator Staff Member Admin

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    Do you think they’re lying about our financial position?
     
    Marc, Oct 4, 2022
    #53
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  14. Acido Tyke

    Acido Tyke Well-Known Member

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    No I don't, thats the worrying thing, they are surely telling the truth there.
    They said they will support Michael in January if its looking like a good season, and if he needs to strengthen the team. But I don't believe that, and although I was being sarcy about the fire sale thing, it worries me that it will happen yet again.
     
    Acido Tyke, Oct 4, 2022
    #54
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