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bdc · 16-09-2010, 23:24

I think that this battle for the club will end up depending on what written agreements exist for the repayment of debts to Ilyas and how this relates to conversion of this into equity. My main concern would be as to whether the increased shareholding would technically need the agreement of EW to issue new shares.

On another note the club is not self-sufficient and will not be for a number of years, so for DON to suggest otherwise smacks of arrogance and lack of business knowledge. Whilst it is admiral of Ilyas to want to include EW and DON in future agreements I think it is slightly naive to think that this would be workable alongside a fans ownership scheme. I think that the ownership issue is a monkey that we have needed off the back for sometime so if this ends up clearing up the mess then so be it. I just hope that it doesn't drag on and effect the players or manager. I think that if it is to become a fans owned club then action needs to be taken swiftly to prevent off the field actions becoming distractions.

16-09-2010, 23:24	#77
bdc Full Member Join Date: Jul 2009 Posts: 434 Liked: 69 times Rep Power: 78	Re: Official club statement I think that this battle for the club will end up depending on what written agreements exist for the repayment of debts to Ilyas and how this relates to conversion of this into equity. My main concern would be as to whether the increased shareholding would technically need the agreement of EW to issue new shares. On another note the club is not self-sufficient and will not be for a number of years, so for DON to suggest otherwise smacks of arrogance and lack of business knowledge. Whilst it is admiral of Ilyas to want to include EW and DON in future agreements I think it is slightly naive to think that this would be workable alongside a fans ownership scheme. I think that the ownership issue is a monkey that we have needed off the back for sometime so if this ends up clearing up the mess then so be it. I just hope that it doesn't drag on and effect the players or manager. I think that if it is to become a fans owned club then action needs to be taken swiftly to prevent off the field actions becoming distractions.