Statement on Shareholding

expatriate · 11-10-2009, 19:38

I hereby announce that my shareholding in Accrington Stanley Football Club will be donated at no cost to the fans of the club.

I have been involved with the club for over 17yrs now. I hope to remain involved for a very long time to come.

These are tough times, and actions speak louder than words. As of today, Sunday October 11th, I remain worried about the future of our club. I am worried about the immediate future on Nov 2nd, and worried for the months afterwards.

I believe that by donating my shares to a true forum for the fans and supporters, I can lead by example and show that no one person is bigger than the club. At this point we should all shoulder arms and push towards a resolution that works for the club, without fear and favour.

I would recommend that ASSF be the recipient of these shares. I confirm I am neither a member nor shareholder nor director of ASSF, and I make or influence no decisions. I further recommend that ASSF link together with other fan based group including OSC and work to convert itself into a trust as soon as practical, and that the directors of ASSF - who are a fine and honourable set of people - try to engage with the existing shareholders of the club to drive forward an agenda that has ONLY ONE objective. To create a healthy and diversely supported club that we can continue to be proud of.

In closing I wish to thank all the people of East Lancashire and beyond who have been incredibly supportive in the past weeks and months and who have contributed to the club's appeal. I also wish to thank the players who have sent me messages of support. I stand in awe of your dedication, and that of the various staff and unpaid volunteers at our wonderful club.

with my warm regards to you all and your families
Ilyas Khan

Willie Miller · 11-10-2009, 19:40

a truly remarkable gesture, sincere thanks

Doug · 11-10-2009, 19:42

Dito....Thank you Mr. Khan.

DAV007 · 11-10-2009, 19:43

Posted via Mobile Device fantastic gesture, this is the momentum required to rid the club of the current failures.

VALAIRIAN · 11-10-2009, 19:51

As stated actions speak louder than words, so it is now upto EW/The DON to do the right and honourable thing, which in turn will see the club out of this current mess.

Shurm · 11-10-2009, 20:05

So whats all this mean then

caretaker · 11-10-2009, 20:12

It should mean that we can all unite behind the club and get on with saving it from financial ruin

Stanleymad · 11-10-2009, 20:16

As much as its a very generous offer to the assf and a last hope that the club sits up and takes it seriously. But the down side is that if the club goes then its 17% of nothing ? ? Sorry to sound cynical.

Tin Monkey · 11-10-2009, 20:35

I don't really see how this achieves anything at all. It doesn't change anything as far as I can see, except bring certain things back into the media spotlight again.

Doug · 11-10-2009, 20:42

**** me…….This is a very generous offer and actually gives the fans (through the ASSF as an umbrella organisation) some respectability and credibility, you as fans via the aforementioned umbrella organisation now have a 17% share holding in Accrington Stanley Football Club. Build on it.

Tin Monkey · 11-10-2009, 20:45

So what? The shares have little/no monetary value and being a shareholder gives you few privileges. It doesn't give you a seat on the board.

Shurm · 11-10-2009, 20:48

If the worst happens 17% of nothing is errmmm .... nothing.

maccawozzagod · 11-10-2009, 20:52

it can help matters if all those minority shareholders (under 1%) were to offer their proxy votes to the Fans group. At the moment Peter Marsden with his 10% agrees with ASSF and he has been privvy to all that has happened behind the scenes for the last few months. Maybe Styring (jnr) would offer his proxy vote in a bid to preserve what holding he has?

That would have to be taken seriously by the (still) majority shareholder and legally he would have to do more than just token consider our opinions.

thanks by the way Ilyas.

Doug · 11-10-2009, 20:54

Quote:

Originally Posted by Tin Monkey

So what? The shares have little/no monetary value and being a shareholder gives you few privileges. It doesn't give you a seat on the board.

Mr. Khan is in a way opening doors to the future, he’s asking the various supporter groups to pull together and build on the offer of shares, if we get on with fund raising/sponsorship and build a strong financial foundation you can by more shares as they become available, more might be gifted others will have to be financed but either way you become a more credible organisation to possible donators or sponsors…it’s long term stuff but what a fantastic opportunity to achieve that ultimate goal….Trust Status and your own bloody football club….Yes I know Mr. O’Neil owns the lions share but with financial strength you can go on to buy a Directorship via investment; but the most important point for me is it give us credibility and that as a gift could be priceless.

mab · 11-10-2009, 20:54

Quote:

Originally Posted by Doug

**** me…….This is a very generous offer and actually gives the fans (through the ASSF as an umbrella organisation) some respectability and credibility, you as fans via the aforementioned umbrella organisation now have a 17% share holding in Accrington Stanley Football Club. Build on it.

Correct me if im wrong but has'nt Ilyas got 12.05% of the shares up until todays announcment!!would'nt it have been better to keep a 2.5% in the club rarther than nothing at all