Quote:
Originally Posted by Pheonix
I can understand that EW would not be willing to sign over the shares without getting his £150K therefore it would be reasonable that the Don cannot submit the paperwork for the shares to be registered in his name.
My question is, why has the Don not registered himself or Marcelle as directors of Accrington Stanley FC. One would assume that you must be a director in order to be a chairman or in this case joint chairman.
If this person is not registered as a director then how can he be classed as a chairman, following that how can he be making decisions that affect the club. He has been making decisions since July 09 or even before then.
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As far as I know a person does not have to be a Director to be Chairman. As for registering as a shareholder, Director, etc. this does not need to be done until the Annual Return is sent in and Stanley's return is not due to be lodged until 14th December with information as at 16th November. When this return is sent to Companies House it should contain the names of new shareholders and new Chairpersons. There is nothing sinister about DON, etc. not being registered as shareholders/chairpersons at the moment.