Quote from Lazarus - Page 3

Doug · 10-10-2009, 09:51

Quote:

Allow me my little indulgency.....

Sir; you may have your little indulgency and play with it all you like….

I agree that time is all but run out and there is doubt in my eye’s in both parties solutions; so again I would ask the pride be put aside and either party get in touch with the other and work out a consensus to take us forward.

Simon; if I’m not mistaken someone from the club had posted of here a week or two back that new Directors with investment to put into the club were welcome; if this is the case and it was me and I had the means I would have matched the figure required to pay the tax man and worked from the inside to move matter forward; being a major investor would have opened doors on the inside would it not….

simon · 10-10-2009, 10:18

Quote:

Originally Posted by Doug

1 Simon; if I’m not mistaken someone from the club had posted of here a week or two back that new Directors with investment to put into the club were welcome; if this is the case and it was me and I had the means I would have matched the figure required to pay the tax man and worked from the inside to move matter forward;

2 being a major investor would have opened doors on the inside would it not….

DOUG.......
point 1.... you are telling me that someone from the club has posted on here that, someone willing to invest in the club will be appointed a director ?? Could you draw my attention to such an offer ?

point 2.... investor or director does not give you any say in the way a company is run WHILE someone has 51% shareholding, his(51%) word is final and king....

Revived Red · 10-10-2009, 10:27

Quote:

Originally Posted by Doug

I like those people in the ASSF who are known to me, I know they have the best interest of the club at heart and would not want to do anything to hurt the club…

This, of course, being in direct contrast to some of the present directors who have a stated wish to see the club close down in certain circumstances.

Quote:

Originally Posted by Doug

but where is there long term plan, lets get it published on here that why we might have a clearer idea.

And where is the long term plan of the current incumbents? Or medium term plan? Or even short term plan? The evidence is that they lurch from day to day in the hope that there may be someone out there with £200,000 to give away, and being "quite hopeful". Individuals within the ASSF have been awash with ideas for fundraising and generating revenue long before it came into being, and look at what they have achieved for the SOS Fund in recent weeks. Compare that to the inertia at the Crown Ground.

Haggis316 · 10-10-2009, 10:58

Quote:

Originally Posted by simon

point 2.... investor or director does not give you any say in the way a company is run WHILE someone has 51% shareholding, his(51%) word is final and king....

No. If any shareholder or creditor disagrees with any shareholder's position that position could possibly be subject to legal review in the English civil courts who apply the principles of company or (as applicable) insolvency law to the situation and may rule against the majority shareholder.

Of course in the absence of such a challenge you are right.

simon · 10-10-2009, 11:10

Quote:

Originally Posted by Haggis316

No. If any shareholder or creditor disagrees with any shareholder's position that position could possibly be subject to legal review in the English civil courts who apply the principles of company or (as applicable) insolvency law to the situation and may rule against the majority shareholder.

Of course in the absence of such a challenge you are right.

Thanks for the insight Haggis, But if this is a civil matter and subject to quite high costs and possibilty of failure of such a challange, could this be a rarely successful challenge ?

And once you have challenged a fellow director in court I bet relations would never be same again.

Doug · 10-10-2009, 12:29

Quote:

point 1.... you are telling me that someone from the club has posted on here that, someone willing to invest in the club will be appointed a director ?? Could you draw my attention to such an offer ?

Defiantly read it somewhere on here Simon; is it not customary for someone making a major investment into a business to become a Director

Quote:

point 2.... investor or director does not give you any say in the way a company is run WHILE someone has 51% shareholding, his(51%) word is final and king

But that does not appear to have deterred the two Directors opposing Mr. Khan’s offer via the ASSF at the Directors meeting held at chesterfield.

Simon I understand that and I not trying to belittle the ASSF are be a clever T***; but an individaul with a 17% holding plus a directorship via a substantial investment who might have had the backing of Mr. Marsden’s 10% holding plus others could have put up a bloody good fight. All I’m trying to say is there other ways this could have been done; if Mr. Khan is true to is word and does totally withdraw support from the ASSF and his offers to the club then its all been for nothing.

Doug · 10-10-2009, 12:34

Quote:

Originally Posted by Revived Red

This, of course, being in direct contrast to some of the present directors who have a stated wish to see the club close down in certain circumstances.

And where is the long term plan of the current incumbents? Or medium term plan? Or even short term plan? The evidence is that they lurch from day to day in the hope that there may be someone out there with £200,000 to give away, and being "quite hopeful". Individuals within the ASSF have been awash with ideas for fundraising and generating revenue long before it came into being, and look at what they have achieved for the SOS Fund in recent weeks. Compare that to the inertia at the Crown Ground.

I don't whole heartedly disagree; but there are two sides to a coin and we aren’t seeing a great deal of clarity from either side.

simon · 10-10-2009, 12:53

Quote:

Originally Posted by Doug

but an individaul with a 17% holding plus a directorship via a substantial investment who might have had the backing of Mr. Marsden’s 10% holding plus others could have put up a bloody good fight..

They have the arena to voice there opinions but the 51% has the final say.

Just like we can say what we want on here...... But we aint got No power to implament ?????

Mr O'Neil was not at the meeting at Chesterfield. So we must presume he agreed with the voice to reject a share issue, because he has not changed the current standing which his vote would.

Doug · 10-10-2009, 12:57

Quote:

=simon;752133]DOUG.......
point 1.... you are telling me that someone from the club has posted on here that, someone willing to invest in the club will be appointed a director ?? Could you draw my attention to such an offer ?

This is what I saw; maybe I read this wrong but I have taken it to mean that if you have the cash you can be a member of the board.

Quote:

=Mr T;746574]"To my knowledge the directors including the DON have already put in in excess of £200K." (posted on this thread some time ago)

My opinion again, what more can the board do??

The directors aren't mega rich folk, they are supporters just like all of you

We're always looking for new members, but unfortunatley so are every other Football Club!!

If you've any ideas please let the Club know!!

Doug · 10-10-2009, 12:59

Quote:

Originally Posted by simon

They have the arena to voice there opinions but the 51% has the final say.

Just like we can say what we want on here...... But we aint got No power to implament ?????

Mr O'Neil was not at the meeting at Chesterfield. So we must presume he agreed with the voice to reject a share issue, because he has not changed the current standing which his vote would.

I accept that....

simon · 10-10-2009, 13:15

Ok Doug, but that is a very wishy washy quote really. (who is Mr t ?)

I would have thought that if the club were serious about investment they would have made a far more definative request on a better media than this forum ??? ASFC website for starters..