I for one would certainly welcome new investment, fresh ideas & impetus into the Club whether the timing is right remains to be seen?
New statement
- Thread starter stanleyhouse
- Start date
does this mean lancsdave is applying?
I run a business that makes a profit, we have no debts and only one bad debtor. Can't see me being of much use
Normally an investment in a football club is measured by shares and ownership. The easiest way to raise money would be to issue shares which actually give people or organisations ownership rights, from the statement issued that doesn't seem to be the case, so as Theo, Peter, Debra, James and Duncan would say, I'm Out
Of course there is no monetary investment required, the statement clearly asks that the investment is of knowledge and business acumen, not cold cash
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I thought the new statement was to be 'basically the same but with a few additions', - I would say it's definately not the same & with a lot of exclusions - as someone has said it was probably a list of notes by O'Neil which was published by accident, but in those notes he certainly showed his true colours & by panicking & demanding the thread on here be removed I think he's just dug himself into a deeper hole (just my opinion)
Transfer embargo still in place...accounts still not submitted...still questions being asked over the shares/ownership...ground still not up to FL standards.
It might have been better if he'd resolved some of those issues before asking for "new blood" to come on board.
It might have been better if he'd resolved some of those issues before asking for "new blood" to come on board.
He doesn't own 51% EW owns 51%. When will he get that into his thick skull. Until it is registered at Companies House differently EW still legally owns the shares. Incidentally the £250 shares that were sold still haven't been registered.
No wonder he is hinting for solicitors then
Then can they do this 'legally' then or does it still require someone to buy out that 51%
Then can they do this 'legally' then or does it still require someone to buy out that 51%
Don't know, but I suspect that EW can vote who he wants in as he owns the shares.
Here are details of legal ownership of shares:
The entry of the person or persons in to the share records is the acid test of whom owns a certain share. Thus the name has to appear in the share register for the law to recognise that ownership is effective from:
1. The signing date of the instrument of transfer;
2. The date the company's officers met to approve and record the share transfer, or
3. The date the stamp was placed on the share transfer documents stamped
Obviously if this has not been done then DON knows fine well who leaglly owns the shares. There could also be clauses in the Club's Articles of Association concerning the transfer of shares to an outsider
This just gets worse
We have a chairman (or want to be chairman)/majority share holder with no money, no ideas but plenty of stuborness, selfishness and self-promotion.
He is hoping for a few mugs who in return for the title as company director and a nice seat on a match day, will put money into the club with no return or legal right to a return on their investment.
Where as Oneill would get a handsome return if we where to get promoted or had a big cup run, brought in loads of extra cash, for him with 51% to take home a big dividend.
This is utter madness.
The above is not my opinion, but the opinion of a guy i just meet in the street. The club are so obsessed with ontroing this messageboard, you just never know.
We have a chairman (or want to be chairman)/majority share holder with no money, no ideas but plenty of stuborness, selfishness and self-promotion.
He is hoping for a few mugs who in return for the title as company director and a nice seat on a match day, will put money into the club with no return or legal right to a return on their investment.
Where as Oneill would get a handsome return if we where to get promoted or had a big cup run, brought in loads of extra cash, for him with 51% to take home a big dividend.
This is utter madness.
The above is not my opinion, but the opinion of a guy i just meet in the street. The club are so obsessed with ontroing this messageboard, you just never know.
Wow cheers Jeff, so be no surprise there will be clauses and conditions attached to any prospective share transfer as far as Erics shares are concerned
Now you understand the position im in davo, i have to protect our users and messageboard
We must have been talking to the same chap! Only when I met Him, he said the current situation reminded him of O'Neils attitude to the SOS appeal last year, inso much that he STILL wants other people to to put money into the club (and experience) but remains in the position of NOT being financially predesposed to doing the same! Basically, once again getting someone else to bail him out and buy his business for him.
I, of course, politley explained that the Don would NEVER stoop to that level again...................would HE?
Impasse
PR, you are probably right to post the above remark, but Im sure that you and many others remember the first public meeting the DON called, when He asked 'us' to 'trust him'...............well we tried that and look what happened!!
Mate, I have the utmost respect for you and therefore your views........which are way more positive than mine..............but lets be honest here, would you buy a used car from the DON?...........
PR, you are probably right to post the above remark, but Im sure that you and many others remember the first public meeting the DON called, when He asked 'us' to 'trust him'...............well we tried that and look what happened!!
Mate, I have the utmost respect for you and therefore your views........which are way more positive than mine..............but lets be honest here, would you buy a used car from the DON?...........
The situation has become an Impasse in that some of the issues that were there nearly twelve months ago still remain.
I am not going to go too heavy
I know what I want to see which is the Club go forward as one but for that to happen people have to look at how to rebuild the bridges, trust & respect have to be earned.
Then come up with a clear & concise direction with a genuine blueprint/footprint whatever but something that gives the Club a way to move forward Rapido.
Thers is so much that can be achieved with this Club & the wonderful people who are connected with it the whole situation just frustrates me
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The club has reached its full potential being mid-table in Division 2.
Investing money to get promoted is unsustainable as the crowds won't be attracted.
The big challenge is staying up every year, hopefully with the books balanced.
There should have been a share issue last year rather than becoming a charity.
Investing money to get promoted is unsustainable as the crowds won't be attracted.
The big challenge is staying up every year, hopefully with the books balanced.
There should have been a share issue last year rather than becoming a charity.
Sorry for being pedantic but.....
Here goes:
DON does not own any shares.
There are 2000 ordinary group A shares
EW owns 993 - 49.65%
The rest of the shares are owned by 18 other individuals ( I have chosen not to name them) spilt into number of shares as follows:
382
60
50
50
50
39
38
30
30
30
25
25
25
25
25
25
25
73
There are 9800 ordinary group B shares
EW owns 5291 - 53.98%
The rest of the shares are owned a too large amount of individulas for me to list.