Quote:
Originally Posted by Doug
Understand that Sherry, Yonmon,; but what will the cheapest option be long term; this is going in the direction of legal disputes; why plough money in to prove a point when it would possibly be cheaper to pay them off and if correct, secure the best interests of the club.
Money used propping up the current holders is money that could be spent furthering the aims of the trust and Ilyas's primary aim of investing in the community.
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Why should anyone pay them off.
The club was bust and their shares (and mine) worth ****** all the day that Ilyas stepped in and rescued the club.
If Ilyas wants his money back, ALL OF IT, we are bust again, and our shares, again, worth ****** all.
If this goes through, and I cant believe that Ilyas was not correct when he said it had been agreed, legally, then at least the club, and the shares are worth something again.
EW and / or DON must be bigger idiots than it has been suggested if they refuse the proposal, UNLESS, they are taking the pee eye double ess and trading on the fact that Ilyas also said (and he is probably as good as his word) that he WILL fund the club for as long as it takes.
From what I recall at other clubs, where there has been a takeover (like the unpopular real United of Manchester (not FCUM) and their friends from USA) if Ilyas (or the trust) had 90% they could make anyone else sell their shares anyway. I have not got a clue how much money is owed to Mr Khan, but maybe, with the ground issue, he could get 1,000,000 shares issued, and then force anyone else out of any share ownership.
BUT, call me synical if you want.... why would they hang around owning 51% of nothing if the trust doesn't go ahead ?????????????????/