01-06-2010, 09:38
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#18
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Resting In Peace
Join Date: Mar 2004
Posts: 2,084
Liked: 1 times
Rep Power: 2023
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Re: So What Has Changed ?
Quote:
Originally Posted by cashman
Well unless jeff can tell us any differant Shurm, they aint been transferred yet, so yeh he does.
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The shares haven't been transferred according to Companies House, neither have the accounts for the year ended 31st May 2009 been lodged (these should have been lodged by 28th Feb 2010). Ilyas said that the 51% shareholding of Whalley does not really matter as the Club is owned by the debt - the debt being the money owed to Ilyas, and as far as I know it was passed at a shareholders meeting that the debt owed to Ilyas could (if need be) be transferred into a shareholding, thus reducing Whalley's 51% to about 25%. So in the long run I don't think it matters about Whalley's 51%, the only person to benefit by O'Neill buying the shares is Whalley who will pocket the money. So let's leave things as they are.
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