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Stanleymad 02-09-2009 20:01
Quote:
Originally Posted by Willie Miller (Post 741229)
It was obviously brushed under the carpet last time & now "we hope that if we pay a chunk off then it will be ok"..... Thats one helluva hope....

The other thing is whilst this mess was rumbling on, some mad man was releasing to the press plans for 1.2 million pounds of ground improvements......
. Bloody good point! That had crossed my mind things were looking up & now not.

KiTChener 02-09-2009 20:01
Re: Looks like some bad news
 
Quote:
Originally Posted by K.S.H (Post 741252)
HERES the interview if you missed it

Thanks for that, KSH, having listened to what our CEO had to say (and the manner in which he spoke) it has only confirmed in my view that the playing side of the club, including JC & JB, have left the 'Management' side way behind in our steady rise over the last few years, in terms of professionalism & endeavor.
Now I really must go, Dragon's Den awaits!!

BLACKBURN RAVER 02-09-2009 20:01
Re: Looks like some bad news
 
get your lottery tickets bought boys and girls, then IF you win big, you can put your money where your mouth is :D:rolleyes:

hasyred 02-09-2009 20:04
Re: Looks like some bad news
 
Shambles from the club yet again we all need to work together to raise the money . The club needs to be truthfull with us the fans so the A S S F + ULTRAs etc etc so we can help in anyway we can to get the £££££££££ why not ask other fans of the bigger clubs to make donations eg man utd chelsea etc just need to coordinate everything through one body eg ASSF which definatly needs a web site so people from all over the world can donate .advertise the fact through tv sky media etc
:confused: :confused: :confused: :confused: :confused:

Willie Miller 02-09-2009 20:04
Re: Looks like some bad news
 
Quote:
Originally Posted by KiTChener (Post 741255)
Me too, that's why I'm shutting down PC, opening a bottle of wine, & going to watch Dragon's Den.
(Now there's a thought, would they invest?? In your dreams, they only want winners!!)

Maybe it will all look better in the morning!
So am I, as I can see the personal vendettas & grudges are about to rear their heads within a very serious subject......

Haggis316 02-09-2009 20:08
Re: Looks like some bad news
 
The interests of the club are paramount.

The club's directors must consider all reasonable sources of funding in the current situation.

Given a choice between a share issue or some of the other initiatives mentioned on this thread I know which I would go for. Just ask any Rotherham fan if they worked for them.:(:(:(

Any one minded to mention the words "loss of control" :eek: please re read the first two paragraphs of this post.

lancsdave 02-09-2009 20:17
Re: Looks like some bad news
 
Quote:
Originally Posted by hasyred (Post 741278)
Shambles from the club yet again we all need to work together to raise the money . The club needs to be truthfull with us the fans so the A S S F + ULTRAs etc etc so we can help in anyway we can to get the £££££££££ why not ask other fans of the bigger clubs to make donations eg man utd chelsea etc just need to coordinate everything through one body eg ASSF which definatly needs a web site so people from all over the world can donate .advertise the fact through tv sky media etc
:confused: :confused: :confused: :confused: :confused:
The problem with asking other clubs fans is why should they give to Stanley when in what is harsh reality there are, have been and will be again, other clubs in the same position. The first port of call with any struggling club is their own fans, the problem is if their own fans don't actually know what the problem is they can't possibly help.

odders 02-09-2009 20:26
Re: Looks like some bad news
 
Quote:
Originally Posted by hasyred (Post 741278)
just need to coordinate everything through one body eg ASSF which definatly needs a web site so people from all over the world can donate .advertise the fact through tv sky media etc
:confused: :confused: :confused: :confused: :confused:
Exactly... ASSF creates website & paypal, then post a copy and paste for everybody, detailing a bit of history, current problem and paypal addy. Those who back the idea, then c&p the post, and post in on the other forum's the user views. With the amount of people looking at this thread today, makes this a sure fire winner, it's GLOBAL. This could be made into a media frenzy, purely through a X amount of Accyweb forum users, also using X amount of other forum's. We all have them in our bookmarks. If the ASSF do this, and something happens in this thread, I for one will make the word known.

VALAIRIAN 02-09-2009 20:32
Re: Looks like some bad news
 
Re: Looks like some bad news

--------------------------------------------------------------------------------

Quote:
Originally Posted by hasyred
just need to coordinate everything through one body eg ASSF which definatly needs a web site so people from all over the world can donate .advertise the fact through tv sky media etc


Exactly... ASSF creates website & paypal, then post a copy and paste for everybody, detailing a bit of history, current problem and paypal addy. Those who back the idea, then c&p the post, and post in on the other forum's the user views. With the amount of people looking at this thread today, makes this a sure fire winner, it's GLOBAL. This could be made into a media frenzy, purely through a X amount of Accyweb forum users, also using X amount of other forum's. We all have them in our bookmarks. If the ASSF do this, and something happens in this thread, I for one will make the word known.



These ideas have been mentioned by A.S.S.F. to the club and the club assure us that it is being looked into..

SPUGGIE J 02-09-2009 20:54
Re: Looks like some bad news
 
Quote:
Originally Posted by K.S.H (Post 741252)
HERES the interview if you missed it
Just listened to that and they aint a clue what to do!!! Their heads are so far up their own butts that Jeff Traceys Thunderbirds have declared it a lost cause which is a bad sign.The stay of execution is only 8 weeks yet they say that the new owner David O'Neil should be given a chance. What the hell can he do in 8 weeks? Whatever pills Rob Heys is on he could make a frickin load of money selling em and using the proceeds to bail us out!!! Its either that or he is in cloud cuckoo land singing and dancing with the faries!!! I get the impression that he wants to dismiss the ASSF as a serious aid to the club as they did with Mr Khan. :mad::mad::mad::mad::mad::mad::mad::mad::mad::mad: :mad::mad::mad:

Maybe they should go to the govenment and ask for a bank style bail out. You cant pee the taxman about our he will become the clubs grim reaper.

Rant over time to cross fingers toes n owt else that will cross (calls of nature permitting) :eek:

Bagpuss 02-09-2009 21:01
Re: Looks like some bad news
 
Quote:
Originally Posted by VALAIRIAN (Post 741292)
These ideas have been mentioned by A.S.S.F. to the club and the club assure us that it is being looked into..
What's it got to do with the club? It's the ASSF that should have a website up and running by now, it was promised some time ago.:confused:

Bagpuss 02-09-2009 21:02
Re: Looks like some bad news
 
Quote:
Originally Posted by Willie Miller (Post 741279)
So am I, as I can see the personal vendettas & grudges are about to rear their heads within a very serious subject......
Point taken.:(

odders 02-09-2009 21:05
Re: Looks like some bad news
 
Quote:
Originally Posted by Bagpuss (Post 741309)
What's it got to do with the club? It's the ASSF that should have a website up and running by now, it was promised some time ago.:confused:
My point...:enough:

Wynonie Harris 02-09-2009 21:10
Re: Looks like some bad news
 
Quote:
Originally Posted by maccawozzagod (Post 741025)
The Don has accepted the offer made by ASSF to provide the funds to clear the debt. It is by no means categoric but the upshot will be that ASSF will become the majority shareholder at ASFC very shortly.
So, has he accepted the offer or not...or did he originally accept it and now he's changed his mind?

Send in the clowns. :(

VALAIRIAN 02-09-2009 21:18
Re: Looks like some bad news
 
Quote:
Originally Posted by Bagpuss (Post 741309)
What's it got to do with the club? It's the ASSF that should have a website up and running by now, it was promised some time ago.:confused:
A.S.S.F. intend to work with the club and not step on their toes, so to speak. The club say they are going to set up an online donation, so why would we duplicate it?? One direction is what is required. :)

ukcowboy 02-09-2009 21:21
Re: Looks like some bad news
 
Quote:
Originally Posted by Wynonie Harris (Post 741315)
So, has he accepted the offer or not...or did he originally accept it and now he's changed his mind?

Send in the clowns. :(
That about sums it up from what I am led to believe :(

Nickelson 02-09-2009 21:39
Re: Looks like some bad news
 
Club Statement

Quote:
This morning Chairman David O'Neill, Vice Chairman Peter Marsden and myself travelled down to the High Court in London to seek a further adjournment of the winding up order brought by HM Revenue and Customs.

Just over twelve weeks ago HMRC agreed not to oppose an initial request for an adjournment after the football club submitted details proposals to repay the petition debt of £300,000 over a twelve month period. However in recent weeks it became clear that HMRC were going to seek a much shorter period of repayment ahead of the second hearing scheduled for today, and although negotiations continued until late last night it was not possible to avoid having to travel down to the court this morning.

Knowing that there was a good chance that HMRC were not going to accept an application for an adjournment the club and our legal team had put together what we were confident was a strong case that would convince the judge to allow us a little more time in order to reorganise our plans to be able to work towards paying the debt in full within a much tighter time period. Although we initially set out to aim for an additional four weeks to show that we could set about raising funds to significantly reduce the debt, we have in fact been granted an eight week adjournment.

With our original twelve month plan we had sought to repay the money owed from the club’s annual turnover, by significantly reducing costs in some areas and increasing revenue streams in others. Because of this it would not have been necessary to go out and fundraise specifically for this cause.

Now with our much shorter deadline the club is appealing for help from all interested parties who share our desire to keep the club moving forward. Over the next few days and weeks we will be announcing a number of initiatives to bring in funds to be specifically used to clear this debt, some of which will bring in relatively small amounts, some hundreds of pounds, some thousands of pounds and some tens of thousands of pounds.

We are aware that there is some disappointment amongst supporters that this court appearance was not made public sooner, particularly as going forward we have stated that we are very keen to be as open and transparent as is possible. The decision not to make the news public was made for two reasons, both with the specific intention of keeping control of the situation at a very difficult time. Firstly the news that the club was to make an appearance in the High Court to defend a winding up order would have had a massive effect on the day to day trading of the football club, and secondly the local, national and indeed international media attention that such a story would have attracted would have had a significant impact on our ability to concentrate on our negotiations with HMRC and on working on our defence with our legal team.

The club was in receipt of an offer of support from the Accrington Stanley Supporters Fund, backed by Ilyas Khan, offering to repay the entire debt but only on the condition of a new share issue that would see the fund take a 50% stake in the club, and subject to the usual due diligence procedures. The club have not dismissed this offer out of hand, indeed it may still transpire as an option for Accrington Stanley in the future. However the current owner David O’Neill has now been in control of the club for the last five or six weeks, and already I am sure that anyone who has had any dealings with the Accrington Stanley in this time will have noticed a change to the way that the club is run and managed. David put a significant sum into the club last summer to in effect keep the club running, and has done so again this summer. I would suggest that it is only fair that David, along with the other major stakeholders and the current management team at the club is allowed to continue to the good work that has been done so far, and to build on this as we look to the future.

We now openly appeal to all who support the club, all who name us as their second team, all who simply look for our result or indeed anyone who simply has a genuine interest in football and would like to see one of the sport’s most famous names continue to progress, to get behind Accrington Stanley and help us to resolve this issue once and for all.

Far from being a story of doom and gloom, I firmly believe that the shorter deadline that we are now working towards will ultimately prove beneficial to the club. Rather than hanging over us for the entire twelve months, a successful fundraising campaign will satisfy the revenue in a much shorter period and enable us to use the £18,000 that we set aside in our budgets to meet the regular monthly payment, together with several larger lump sum payments, to instead continue to strengthen our squad and to develop our ground.

The harder the conflict, the more glorious the triumph. We are Stanley.

cashman 02-09-2009 22:02
Re: Looks like some bad news
 
well after listening to the link ta ken, n reading that statement ta nickleson, ya asking to send in the clowns wynonie, is a little late. THEY ARE ALREADY IN.:mad::mad:

Outback Ozzy 02-09-2009 22:04
Re: Looks like some bad news
 
Well that makes me feel better NOT!!!! Stop the pussyfooting around and talk to Ilyas and the ASSF now and get this monkey off our back once and for all. Then and only then can the club think about what to do with the £18k per month that was supposed to pay off the bill. BTW - could it be that the £308k includes payments for this year plus what we owe from previous years.

ukcowboy 02-09-2009 22:13
Re: Looks like some bad news
 
Quote:
Originally Posted by Outback Ozzy (Post 741345)
Well that makes me feel better NOT!!!! Stop the pussyfooting around and talk to Ilyas and the ASSF now and get this monkey off our back once and for all. Then and only then can the club think about what to do with the £18k per month that was supposed to pay off the bill. BTW - could it be that the £308k includes payments for this year plus what we owe from previous years.
Or it represents interest charged on the overdue payments..............just a thought.

K.S.H 02-09-2009 22:14
Re: Looks like some bad news
 
I'd like to see it paid off and done with but if they don't like the idea of the assf owning fifty percent of the shares what about paying half and get 25%

yonmon 02-09-2009 22:25
Re: Looks like some bad news
 
Quote:
Originally Posted by ukcowboy (Post 741346)
Or it represents interest charged on the overdue payments..............just a thought.
Maybe you're right Cowboy !.....But we'll only find out if the Administration of ASFC are sincere in their statement about creating 'an environment of transparency'....We both wish they would...and quickly!.

A.E. is a little concerned I think.....but I really am worried!!.

cashman 02-09-2009 22:26
Re: Looks like some bad news
 
Quote:
Originally Posted by K.S.H (Post 741347)
I'd like to see it paid off and done with but if they don't like the idea of the assf owning fifty percent of the shares what about paying half and get 25%
the problem wi that mate is Rob Heys has not actually said who is at this emergency meeting.:confused: it should be all interested parties who are willing n able to contribute n ALL options should be open, but is it? n are they?:confused:

jiffy bag 02-09-2009 22:29
Re: Looks like some bad news
 
The time for secrecy has long since passed. For gods sake be open with us and maybe just maybe we can sort this unholy mess out!!

Long live Stanley!!!

Doug 02-09-2009 22:32
Re: Looks like some bad news
 
Having read the clubs statement I am now totally convinced that there is something nasty in the coal hole; Eight Weeks of begging!! Sorry; fundraising…what the hell are we thinking of, the club as been trying to raise funds for months and got ****** all for it, I think we’re hoping that international media coverage will bring forth an investor of the super rich kind i.e. MCFC, Man U Fairies or the Liverpool, (the city’s second team). I would doubt this will ever happen. Mr. Khan will be the closest thing to this.

What I will ask is that the club wake the **** up and of Mr. Khan and the ASSF I would ask a modified position, give Stanley the money to clear the tax debt for a further percentage figure that would allow David to retain control with a view of proving his position. I don’t see why the ASSF should hold a controlling stake at this time for it as yet to prove itself. It’s been said time and time again; work together or all of you **** off and let the club pass into history with some DIGNITY.

cashman 02-09-2009 22:42
Re: Looks like some bad news
 
whats the differance doug? had the don proved himself yet? i agree they should all work together n like i said all options should be open n considered.

Doug 02-09-2009 22:50
Re: Looks like some bad news
 
Quote:
Originally Posted by cashman (Post 741355)
whats the differance doug? had the don proved himself yet? i agree they should all work together n like i said all options should be open n considered.

Hard news cashy, just thinking out load...Pain killers and Grouse before bed isn't helping any.

Stanleymad 02-09-2009 22:51
Re: Looks like some bad news
 
i'd agree too u have to give don some chance after all he is still shovelling up the mess that eric left behind & thats no easy feat for him at all.

cashman 02-09-2009 23:10
Re: Looks like some bad news
 
Quote:
Originally Posted by Stanleymad (Post 741359)
i'd agree too u have to give don some chance after all he is still shovelling up the mess that eric left behind & thats no easy feat for him at all.
certainly thats my feeling, i'm meaning all parties should be together n compromise n get this founder member club outa this crap. where i dont see this is in Rod Heys comment- Dismissed out of hand.

Revived Red 02-09-2009 23:22
Re: Looks like some bad news
 
Over the next few days and weeks we will be announcing a number of initiatives to bring in funds to be specifically used to clear this debt, some of which will bring in relatively small amounts, some hundreds of pounds, some thousands of pounds and some tens of thousands of pounds.

Why so late in the day? The club has known the extent of the problem for long enough.

As others have said, what exactly was the point of annnouncing the stadium plan to cost of £1 million when the club knew of the imminent problem.

I would dearly like to know which national or international companies have been approached for sponsorship in the last six months. On an individual basis, sponsored seats and bike rides etc are brilliant ideas and well-worth supporting - although I suspect it is the same comparatively small group of people who will support them. I'm stating the obvious when I say that what we need urgently is a huge injection of cash. It seems to me that that can come from only two sources. One is Ilyas Khan and ASSF, and the other is a major sponsor.

simon 03-09-2009 00:05
Re: Looks like some bad news
 
Worried and worried.....

I agree with rob and many others that Dave O'neil deserves "time" to prove himself because the mood around the club has changed recently BUT he cannot insist on this "time" at the cost of the club !!

And the Inland Revenue has just set the Alarm clock.....

We really need BIG sponsors the kind that unfortunately at the moment are keeping there money tight..NO TIME

The Only 2 immediate outcomes I can see are

1 Offer out shares to ALL who want to buy, But allow Dave O'Neil time to run the ship with conditions.... TIME dictates that this is implimented ASAP.

2 Let 8 weeks come and go, go into admin, sell to ASSF or highest bidder (GAZZA ??) Take point deduction, and enjoy NON-league next season....

Problem with Shares are they are linked to Gross worth and a club that rents the stadium and is struggling to make ends meat week in week out is not that desireable to investers (Dont think a famous name carrys much wait at moment). Ilyas's MONEY is LOVE money and a real gift at moment, Shares would be of interest to other fans too at moment with maybe many thousands waiting to be bought ??

Really hope that COMMON SENSE rules the day here and we are fighting for the play-offs come the end of season..

shakermaker 03-09-2009 00:18
Re: Looks like some bad news
 
Quote:
Originally Posted by Revived Red (Post 741366)
One is Ilyas Khan and ASSF, and the other is a major sponsor.
I don't understand why the two can't be merged. I know it's a separate issue but the club needs major sponsorship; it's clear that potential business affiliates are distancing themselves further and further from the club at the moment. It's just my opinion but sponsorship of the ground seems the fairest way of handing over a large sum to the club. I don't understand why there's this fear of donating money to the club without a substantial amount of shares given to the company in return; I'm pretty sure that Mr O'Neill wouldn't rush out and spend the money on sweets. Surely the ASSF realise that a fresh share issue is completely unfair on the club's new chairman and it was only a realistic prospect while Eric Whalley was still the one at the helm (of course the personal agendas of a few so-and-so's were included in the idea of a fresh share issue at that time). There's a quarter of a million pounds that we know about sitting there ready to be pumped into the club by people with brilliant intentions at heart. As has been mentioned earlier in this thread (think it was Doug) compromise must be exercised but it is imperative that it happens quickly. A controlling stake won't be handed over; if that means that less money is pumped in then so be it but please can those involved with the ASSF push for some way of getting a sizeable chunk of the money donated to the company into Accrington Stanley Football Club - as soon as possible.

cashman 03-09-2009 00:21
Re: Looks like some bad news
 
outcome 2 is not palatable to me, after going through the demise of 62.:(

ukcowboy 03-09-2009 03:39
Re: Looks like some bad news
 
Quote:
Originally Posted by shakermaker (Post 741374)
I don't understand why the two can't be merged. I know it's a separate issue but the club needs major sponsorship; it's clear that potential business affiliates are distancing themselves further and further from the club at the moment. It's just my opinion but sponsorship of the ground seems the fairest way of handing over a large sum to the club. I don't understand why there's this fear of donating money to the club without a substantial amount of shares given to the company in return; I'm pretty sure that Mr O'Neill wouldn't rush out and spend the money on sweets. Surely the ASSF realise that a fresh share issue is completely unfair on the club's new chairman and it was only a realistic prospect while Eric Whalley was still the one at the helm (of course the personal agendas of a few so-and-so's were included in the idea of a fresh share issue at that time). There's a quarter of a million pounds that we know about sitting there ready to be pumped into the club by people with brilliant intentions at heart. As has been mentioned earlier in this thread (think it was Doug) compromise must be exercised but it is imperative that it happens quickly. A controlling stake won't be handed over; if that means that less money is pumped in then so be it but please can those involved with the ASSF push for some way of getting a sizeable chunk of the money donated to the company into Accrington Stanley Football Club - as soon as possible.

Shaker, ASSF Ltd did put money in three weeks ago to the tune of £25k, this was given as a 'short term loan' to help with the tax bill. The club has not paid ANY tax as was agreed,and if ya believe Rob Heys statement then well, sorry but foolish!........this money has NOT been accounted for.

ASSF Ltd had a meeting some time ago now with representatives of the club including Don and Rob, where we were assured that we would recieve a breakdown of all financial details/debts etc..............we are still waiting!

I for one would not blame Ilyas one bit if He wanted 'concrete assurances', backed up with a legal commitment on behalf of BOTH parties before putting anymore monies in.

Upto press, IMHO, the new regime has not moved that far away from the old one (financialy speaking)............and before anyone says the DON has only been in the job for 2 mins, lets not forget that He has been involved with Stanley for the best part of 2 yrs now, you cant tell me He didnt know the state of the club before taking over...............If He didnt, then that is very poor business practice at the very least.

Yes, things have moved on in respect of the 'professionalisim' of the club, and that must be applauded, but that is just one aspect of the business, what the hell is going on in the rest of it?

I dont mean to sound negative, but at this moment in time the club has to make a move and quickly.

scout 03-09-2009 04:45
Re: Looks like some bad news
 
Sorry to hear about the financial problems surrounding your club,sounds like heads need to be banged together to make them realise just what a mess a famous club like accy is in.In my travels around various clubs i've heard similar stories of clubs keeping the fans in the dark until it's too late and then the grim reaper descends like a dark mist.I sincerely hope all parties gather round the table to thrash out this proud clubs problems,although reading through the posts on this subject,it appears to me that your fans are being treat like mushrooms(kept in the dark and fed a load of bulls**t).The tax man takes no prisoners and doesn't care about any company irrispective of it's long standing or famous name,they want their pound of flesh no matter how they get it,all companies know the script so it's down to the people who run the said businesses too make sure that the people who support them every week i.e the fans are kept informed.It's too late to shut the stable door when the horse has buggered off so to speak,i really do hope it all gets sorted for the fans and for the sake of accrington stanlefc.Good luck you guys long may you survive.

Wynonie Harris 03-09-2009 06:03
Re: Looks like some bad news
 
Quote:
Originally Posted by shakermaker (Post 741374)
Surely the ASSF realise that a fresh share issue is completely unfair on the club's new chairman and it was only a realistic prospect while Eric Whalley was still the one at the helm
Well, apparently they don't if you read Macca' posts, way back at the start of this thread. The way he tells it, just such a deal was on the table. And, quite frankly, I don't want to take a massive gamble on the future of our club over the next eight weeks while we agonise about what's "fair" and "unfair" on the D'on. I like what the bloke's done for the club in many respects over the last few weeks, but I think he should swallow his pride now for the general good of the club and accept the ASSF's offer...NOW!!

mab 03-09-2009 06:36
Re: Looks like some bad news
 
:)Just athought Accrington Stanley Official Supporters Club have a paypal account which can be accest throught the fishy site.Could this be used for anyone wanting to help the club through the Supporters Club :)

Stanleymad 03-09-2009 08:13
Re: Looks like some bad news
 
that would mean a supporters club meeting being brought forward as not meeting with everyone interested till a week monday atm & i dont know whether that would be feesable or not.

Outback Ozzy 03-09-2009 09:17
Re: Looks like some bad news
 
Quote:
Originally Posted by ukcowboy (Post 741387)
Shaker, ASSF Ltd did put money in three weeks ago to the tune of £25k, this was given as a 'short term loan' to help with the tax bill. The club has not paid ANY tax as was agreed,and if ya believe Rob Heys statement then well, sorry but foolish!........this money has NOT been accounted for.

ASSF Ltd had a meeting some time ago now with representatives of the club including Don and Rob, where we were assured that we would recieve a breakdown of all financial details/debts etc..............we are still waiting!

I for one would not blame Ilyas one bit if He wanted 'concrete assurances', backed up with a legal commitment on behalf of BOTH parties before putting anymore monies in.



I dont mean to sound negative, but at this moment in time the club has to make a move and quickly.
Pete, point one (red) How do we know the club has not paid the taxman? I was under the impression from the June hearing that we had to pay in installments and a further hearing was to be held in September - i.e. yesterday. I know the figure mentioned i.e £308k is more than the original, but I refer to my previous post of yesterday when I said is this £300k less £50k plus any tax owed to date or as you replied interest?

Point 2 (blue) - The club are definitely to blame for this one!

Point 3 (green) - I totally agree with this statement, no businessman with any acumen would want concrete assurances. I personally think the only way Ilyas would put the money in is for a hostile takeover of the whole business and put in his own chairperson, i.e. the nominated representative of the ASSF.

Point 4 - I am certain every like minded person who is involved (not directors/chairpersons) wants this to happen and happen now in 8 weeks time when it will be too late.

Wynonie Harris 03-09-2009 09:43
Re: Looks like some bad news
 
Would like to hear some sort of official statement from Ilyas and/or the ASSF about their take on the situation...or are things going on behind the scenes?

maccawozzagod 03-09-2009 10:24
Re: Looks like some bad news
 
things are going on behind the scenes Wynonie, many conver.
sations, phone calls, emails etc are flying about between many people. Some of it is hot air, some of it is ideas and some of it will be serious attempts at dialogue. It would be impossible to detail of this and probably unfair on folk as well (as I said, some of it is just ideas)

To clarify the situation with ASSF and the 250k;
ASSF has not got any money of its own at this point. Until yesterday we were working on the premise that the club had 12 months to get its s h i t in order. The share issue was on the back burner and was no longer important to us. What was important was to spend the foreseeable future fundraising in a manner where we could probably invest a large sum of moneyh in whatever way shape or fashion we deemed important (ie ground sponsorship for example). The only money we have is a pledged £250,000 from Ilyas conditional on a share issue. Should that arise then we have the money ready to be transferred from Ilyas to ASSF to ASFC.

We all accept that a share issue is unfair on The Don and any other shareholders as it would reduce their shareholding from x% to half or a quarter of x%. Here's the basic, laymans maths on the situation. The shares have a nominal value of £100,000 and there were 100,000 issued way back in the day (John Alty era). You can sell them for whatever price somebody will pay. All the shares were taken up AND THERE ARE NO SHARES AVAILABLE. So ASSF can only put money in to take up shares but it has to be a re-issue to create new shares. YES this dilutes existing share value but at the moment they are worth next to nothing (failing business model with no assets of any real value) - so 52% of nowt or 13% of a company that owes nowt and hopefully is a profitable business?

There has to be a way found where exisiting shareholders can 'buy back' their shareholding but then they would have used ASSF funds for personal gain - which can't be allowed to happen.

But the one thing you can be sure of is that everyone of is a Stanley fan and we share the pain and anguish, we share the worries and the misgivings, and we share the anger and the frustration. Each and every one of us is working to find a solution

Wynonie Harris 03-09-2009 10:40
Re: Looks like some bad news
 
OK, cheers for that, mate. :)

Fourth official 03-09-2009 10:47
Re: Looks like some bad news
 
So we are saying that if he doesn't get anything in return he is prepared to see the club fold? Presumably for all his previous investments in the club,he hasn,t seen any return due to the mis management of the previous owner.Now under D O'neill everyone says things are changing,more professional etc, so if the money was loaned and paid back when the football club is on an even keel.

cashman 03-09-2009 11:10
Re: Looks like some bad news
 
cheers rob, that says to me going off ya saying "until yesterday the ASSF were working on the premise the club had 12 months to get things in order" this new "Open n Upfront" Club obviously had told the ASSF sod all.:(

maccawozzagod 03-09-2009 11:11
Re: Looks like some bad news
 
i dont know mate you'd have to ask him that.

I wouldn't have thought he'd let the club fold though. But it could well be that he (or anyone else would wait until the wolves were through the door and then buy the club for a knock down fee? don't jump on that statement though because that is only me saying that is what I'd do - why would anyone else put A LOT of money into saving somebody elses business?

That's the problem with football innit? we see the club as our club, but the Chairman/owners see it as their business - and legally it is. It's strange how fans feel compelled to give of their time and money to assist a football club - yet people don't do the same for their local hardware shops? I'll never understand football!

maccawozzagod 03-09-2009 11:11
Re: Looks like some bad news
 
Quote:
Originally Posted by cashman (Post 741453)
cheers rob, that says to me going off ya saying "until yesterday the ASSF were working on the premise the club had 12 months to get things in order" this new "Open n Upfront" Club obviously had told the ASSF sod all.:(
yep

cashman 03-09-2009 11:19
Re: Looks like some bad news
 
Quote:
Originally Posted by maccawozzagod (Post 741455)
yep
so much fer lets all work together.:rolleyes:

Wynonie Harris 03-09-2009 11:26
Re: Looks like some bad news
 
So what's happening with thsi meeting that's supposed to be taking place "within the next 24 hours"? Who's in it? Are the ASSF involved?

maccawozzagod 03-09-2009 11:42
Re: Looks like some bad news
 
i don't know anything about it

yonmon 03-09-2009 11:47
Re: Looks like some bad news
 
Quote:
Originally Posted by Wynonie Harris (Post 741457)
So what's happening with thsi meeting that's supposed to be taking place "within the next 24 hours"? Who's in it? Are the ASSF involved?
Just one more secret Wyn ???.

We are both worried!!

Wynonie Harris 03-09-2009 11:53
Re: Looks like some bad news
 
Quote:
Originally Posted by yonmon (Post 741461)
Just one more secret Wyn ???.

We are both worried!!
As we all keep saying, if the club want our support at this critical moment in our history they will simply HAVE to put ALL their cards on the table.

No wonder Alfred can't bear to look.

Yes, me worry!! :(

Haggis316 03-09-2009 12:28
Re: Looks like some bad news
 
The club could issue ASSF the shares to raise the cash.

At the same time ASSF could grant D'ON a call option to buy the shares off ASSF if certain Club salvation and optimisation targets are met (whether at a stated price or at a valuation) within a certain period.

Just thinking aloud.

Doug 03-09-2009 12:50
Re: Looks like some bad news
 
This might be me getting it all arse about face; so forgive me if I’m wrong. It appears to me that if Mr. O’Neil wants the financial assistance of the ASSF he first must sell them or exchange a controlling percentage of his share holding, therefore increasing what can only be a substantial loss. If this is the case, then it’s paramount to blackmailing the gentleman and the club; If the money mentioned is there as part of a rescue package; should the worst happen, then the ASSF should in fact bail out the club with the excise man and take an alternative settlement for the money i.e. a “for life” seat on the board with a high percentage free vote and perhaps advertising rights to a small area of the ground so that it can be use to recoup the funds used. Just a thought.

JEFF 03-09-2009 13:08
Re: Looks like some bad news
 
As stated earlier in the thread - Accrington Stanley is a business. It is a business owned by David O'Neill. David O'Neill's business (Accrington Stanley) is in a financial mess. If David O'Neill wants investment in his business to save it from going under, he must give something in return. Look at Dragons's Den - the Dragons invest in return for a percentage of the business. If David O'Neill does not get investment in his business it is likely to go into administration at least, and he will end up with nothing. I am sure that he will be better off owning a percentage of a business worth something than all of a business worth nothing. I don't know how much he paid Eric for the shares but on paper I would imagine that they were worth nothing. The club has very few assets and a debt to Revenue & Customs of over £300K this would probably make the shares worth less than nothing. Nobody is going to GIVE money to help an ailing business, but people may invest in the business if they get something in return.

shakermaker 03-09-2009 14:44
Re: Looks like some bad news
 
First of all thanks macca for your post, can't quote it as I read it on the other page and can't be bothered to trawl back for it!

Quote:
Originally Posted by Doug (Post 741483)
This might be me getting it all arse about face; so forgive me if I’m wrong. It appears to me that if Mr. O’Neil wants the financial assistance of the ASSF he first must sell them or exchange a controlling percentage of his share holding, therefore increasing what can only be a substantial loss. If this is the case, then it’s paramount to blackmailing the gentleman and the club; If the money mentioned is there as part of a rescue package; should the worst happen, then the ASSF should in fact bail out the club with the excise man and take an alternative settlement for the money i.e. a “for life” seat on the board with a high percentage free vote and perhaps advertising rights to a small area of the ground so that it can be use to recoup the funds used. Just a thought.
That's along the lines of how I understand the situation. Well put Doug.

Quote:
Originally Posted by JEFF (Post 741489)
As stated earlier in the thread - Accrington Stanley is a business. It is a business owned by David O'Neill. David O'Neill's business (Accrington Stanley) is in a financial mess. If David O'Neill wants investment in his business to save it from going under, he must give something in return. Look at Dragons's Den - the Dragons invest in return for a percentage of the business. If David O'Neill does not get investment in his business it is likely to go into administration at least, and he will end up with nothing. I am sure that he will be better off owning a percentage of a business worth something than all of a business worth nothing. I don't know how much he paid Eric for the shares but on paper I would imagine that they were worth nothing. The club has very few assets and a debt to Revenue & Customs of over £300K this would probably make the shares worth less than nothing. Nobody is going to GIVE money to help an ailing business, but people may invest in the business if they get something in return.
Jeff, I was under the impression that the ASSF were a 'fighting fund' with words such as 'rescue' banded about, not a company of investors.

JEFF 03-09-2009 14:55
Re: Looks like some bad news
 
Quote:
Originally Posted by shakermaker (Post 741534)
Jeff, I was under the impression that the ASSF were a 'fighting fund' with words such as 'rescue' banded about, not a company of investors.
First of all I don't think I mentioned ASSF in my post but nevertheless I will answer you. ASSF is not a 'fighting fund'. ASSF is a registered Company 'Accrington Stanley Supporters' Fund Limited'. The Company has no money, but if Accrington Stanley were to have a new share issue Ilyas Khan has promised that he would make funds available to Accrington Stanley Supporters' Fund Limited to purchase shares in their name. In the future Accrington Stanley Supporters' Fund Limited intend to arrange fund raising activities, etc and any money raised will go into the Company bank account for the purpose of supporting Accrington Stanley in times of difficulty, but, until then the only way ASSF Limited can help Accrington Stanley is if Accrington Stanley have a new share issue.

shakermaker 03-09-2009 15:19
Re: Looks like some bad news
 
Quote:
Originally Posted by JEFF (Post 741545)
First of all I don't think I mentioned ASSF in my post but nevertheless I will answer you. ASSF is not a 'fighting fund'. ASSF is a registered Company 'Accrington Stanley Supporters' Fund Limited'. The Company has no money, but if Accrington Stanley were to have a new share issue Ilyas Khan has promised that he would make funds available to Accrington Stanley Supporters' Fund Limited to purchase shares in their name. In the future Accrington Stanley Supporters' Fund Limited intend to arrange fund raising activities, etc and any money raised will go into the Company bank account for the purpose of supporting Accrington Stanley in times of difficulty, but, until then the only way ASSF Limited can help Accrington Stanley is if Accrington Stanley have a new share issue.
I thought the sentence "nobody is going to GIVE money to help an ailing business, but people may invest in the business if they get something in return" was inclusive of the ASSF. Thanks for the reply.
Obviously I see the reasoning behind not wanting to give an amount of money large enough to bail out the club without any assurance. Have any negotiations taken place between O'Neill and the ASSF? There was the report of a deal early in this thread but that's contradicted with Rob Heys' statement.

SamF 03-09-2009 15:24
Re: Looks like some bad news
 
As for the ASSF website issue I've been waiting on Macca - but the foundations of a site are done and I'm considering just going with what I think best and then making changes where required.

K.S.H 03-09-2009 15:25
Re: Looks like some bad news
 
I hope the ASSF will be holding a meeting soon too, just to keep the fans informed of their plans and to hear their side of all this

cashman 03-09-2009 15:31
Re: Looks like some bad news
 
Quote:
Originally Posted by K.S.H (Post 741569)
I hope the ASSF will be holding a meeting soon too, just to keep the fans informed of their plans and to hear their side of all this
as they knew nowt about yesterdays goings on, would imagine anything like that would be after the "Fans Forum" at least they will have to be spoken too there.

Raggy Thun 03-09-2009 15:44
Re: Looks like some bad news
 
I dont know what you lot are all bitching about, the DONS new £50'000 extension on his own house looks great!

Jesus_was_A_red_ 03-09-2009 15:48
Re: Looks like some bad news
 
Hope the club can pull through this. DON must of known the situation with the debts or he is very naive. He clearly dosent have the funds to run a football club so I cant understand why he chose to put himself in this position. It really is a vicous circle of blame of how the club can end up like this and im not going to go there because there have been dozen of threads discussing the reasons why.

K.S.H 03-09-2009 16:09
Re: Looks like some bad news
 
Quote:
Originally Posted by cashman (Post 741574)
as they knew nowt about yesterdays goings on, would imagine anything like that would be after the "Fans Forum" at least they will have to be spoken too there.
I think they knew :mad:

maccawozzagod 03-09-2009 16:24
Re: Looks like some bad news
 
Quote:
Originally Posted by K.S.H (Post 741589)
I think they knew :mad:

who knew? ASSF?

yes we did know prior to the court hearing - but only hours earlier.

Whalley Red 03-09-2009 16:30
Re: Looks like some bad news
 
Went back to the Evening Telegraph site to look for any more news and saw that yesterday's article had been updated. This was one of the new sections:

"Mr O’Neill, who became chairman in June, said he was investigating why none of the cash had been paid, despite the club staging a photocall for the handover of a £25,000 cheque towards a monthly installment."


Our (Joint) Chairman is now claiming that he thought the taxman had been paid. :confused:

That's as believable as expecting to raise tens of thousands of pounds from mid-season friendlies with 'big clubs' or claiming that the eight-week deadline is "actually good news for the playing side because it means that we can start again from a clean slate earlier than we expected."


For once I agree with Councillor Britcliffe: "If the club wants the public to get behind it and support it then they have to up front and honest about what they are doing."

cashman 03-09-2009 16:33
Re: Looks like some bad news
 
Quote:
Originally Posted by Whalley Red (Post 741598)
Went back to the Evening Telegraph site to look for any more news and saw that yesterday's article had been updated. This was one of the new sections:

"Mr O’Neill, who became chairman in June, said he was investigating why none of the cash had been paid, despite the club staging a photocall for the handover of a £25,000 cheque towards a monthly installment."


Our (Joint) Chairman is now claiming that he thought the taxman had been paid. :confused:

That's as believable as expecting to raise tens of thousands of pounds from mid-season friendlies with 'big clubs' or claiming that the eight-week deadline is "actually good news for the playing side because it means that we can start again from a clean slate earlier than we expected."


For once I agree with Councillor Britcliffe: "If the club wants the public to get behind it and support it then they have to up front and honest about what they are doing."
oh my god didn't think this could get any more farcical, but it has.:rolleyes:

Outback Ozzy 03-09-2009 16:45
Re: Looks like some bad news
 
I see Salisbury have gone into administration today owing the taxman 200k. Taken an automatic 10 point penalty, but looking for people to buy out the club.

SPUGGIE J 03-09-2009 16:57
Re: Looks like some bad news
 
This might be a madcap idea considering the mentioning of shares being bought, blackmail, seats for life on the board but here goes.

Considering the financial climate and tht of football clubs in the lower leagues then I had this bouncing around in my empty head. ASSF have funds to save the club, but instead of of buying the shares then invest the same way that the dragons do for a cut of any profit. Now concidering what I have said about the finacial state of affairs in the lower leagues then the cut should be put into an emergency fund for the future. This could be if possible outwith the clubs control to avoid it being used elseware. Think of it as banking if you wish with the ASSF members/representative as the bank manager. So if say 2/3 years down the line something goes wrong and not heaven forbid the taxman then the fund can be approached for a financial input for the clubs sake. Ok I am no business law related guy but whay cant it work if a legally binding agreement can be reached. O,neil gets to run it as a business the fans fighting fund aids the club and can be forthcoming with aid in the future.

May not work or be ideal but seems to be in my lowley opinion a far comprimise without any tit for tat aggro. If it is wrong or wouldnt work then fair enough no expert but i hope something along these lines might help both sides without recriminations as both sides want whats best for the club.

Tommy McQueen 03-09-2009 18:59
Re: Looks like some bad news
 
I don't think Ilyas would release the funds unless extra shares were made available.

Redskin 03-09-2009 19:37
Re: Looks like some bad news
 
250k from the ASSF for a 50% controlling stake in a founder member of the football league?, not exactly ASFC at heart, more like a gun to the head!

I hope funds are found independently and allow the current structure to plot the future course!......Best of Luck!

Wynonie Harris 03-09-2009 19:48
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741717)
250k from the ASSF for a 50% controlling stake in a founder member of the football league?, not exactly ASFC at heart, more like a gun to the head!

I hope funds are found independently and allow the current structure to plot the future course!......Best of Luck!
Yes, £250K for 50% in a club that owes £308K to the taxman. operates on gates of circa 1,400 and has no assets. Seems like a pretty generous offer to me.

As for them being "not exactly ASFC at heart" you obviously don't know them because you couldn't be more wrong.

The sooner the club accept their offer the better.

Redskin 03-09-2009 19:52
Re: Looks like some bad news
 
I have to disagree!....there is far more than "assistance" being plotted here!...Why the need for the controlling stake?

VALAIRIAN 03-09-2009 19:55
Re: Looks like some bad news
 
Quote:
Originally Posted by Wynonie Harris (Post 741721)
Yes, £250K for 50% in a club that owes £308K to the taxman. operates on gates of circa 1,400 and has no assets. Seems like a pretty generous offer to me.

As for them being "not exactly ASFC at heart" you obviously don't know them because you couldn't be more wrong.
The sooner the club accept their offer the better.
Thanks for that WH :)

Nickelson 03-09-2009 20:02
Re: Looks like some bad news
 
Bury | News | Latest News | Latest News | Can you help Accrington?

And FFS we are not a founder member !,

The club on paper atm is worthless, even without the debt.
The stadium is rented, so the only asset is the squad and they are not worth £250,000.
Whatever stupid price D'ON paid EW is his own fault.

semi-skilled 03-09-2009 20:02
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741723)
I have to disagree!....there is far more than "assistance" being plotted here!...Why the need for the controlling stake?
I think it's more control that we need! Control over our financial ineptitude

Redskin 03-09-2009 20:03
Re: Looks like some bad news
 
So please somebody explain to me why the ASSF would not be prepared to accept a 25% stake, thus allowing Mr O'Neill to continue to rebuilding?

Wynonie Harris 03-09-2009 20:07
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741723)
I have to disagree!....there is far more than "assistance" being plotted here!...Why the need for the controlling stake?
It's a big chunk of money to hand over so obviously they want something in return for it. I personally would be much happier with them in charge. However, if you consider nelecting to make a vital payment to the HMCR when it's due, a good way to "plot the future course" then so be it!

Nickelson 03-09-2009 20:12
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741730)
So please somebody explain to me why the ASSF would not be prepared to accept a 25% stake, thus allowing Mr O'Neill to continue to rebuilding?
Because there are other shareholders who own the remaining 47% (Illyas, Peter Marsden ect.) They would have to sell there shares or dilute them (Which would dilute D'ON).

Redskin 03-09-2009 20:15
Re: Looks like some bad news
 
Quote:
Originally Posted by Wynonie Harris (Post 741732)
It's a big chunk of money to hand over so obviously they want something in return for it. I personally would be much happier with them in charge. However, if you consider nelecting to make a vital payment to the HMCR when it's due, a good way to "plot the future course" then so be it!
I have no objection to Mr Khan taking the club, but to allow the club to be run by a Committee is an absolute receipe for further disaster....IMO

Wynonie Harris 03-09-2009 20:23
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741736)
I have no objection to Mr Khan taking the club, but to allow the club to be run by a Committee is an absolute receipe for further disaster....IMO
The way I understand it, it wouldn't be run by a committee - the ASSF would appoint its own directors who would work with the existing directors (including the D'on).

VALAIRIAN 03-09-2009 20:23
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741736)
I have no objection to Mr Khan taking the club, but to allow the club to be run by a Committee is an absolute receipe for further disaster....IMO
Nobody at A.S.S.F. has ANY thoughts of running Stanley!!! Controlling stake, not running the club, 2 very different things. :)

maccawozzagod 03-09-2009 20:24
Re: Looks like some bad news
 
Don owns 52% of a nominal 100k worth of shares. If we need to put in 300k then we need to create three times as many shares (minimum). So Dons share of the issue would be worth only a quarter of what it is now (13%) - as would everybody elses.

Do we need to discuss this on every page? If Ilyas used his money to bail out the club (52% Dons business) then what would be to stop him selling his 52% to someone else at a vastly inflated price as the company was now solvent? The 'company' would now be worth the share price of £400k and he could sell his 52% at market value and 'possibly' make a killing from his original purchase price (that nobody knows or needs to know).

Yes he deserves the chance to make a success of the club.

Yes many of the committee are fully behind his tenure

but no, he is not more important than Accrington Stanley and he has acknowledges so.

There is an offer on the table that is not to his liking because it is not in his best interests (only at face value) But it is in the best interests of Accrington Stanley and is funded by someone with the best interests of Accrington Stanley at heart and was delivered and sanctioned by 12 people with the best interests of Accrington Stanley at heart.

If anyone comes up with a better solution in the meantime then they have the backing of me, the ASSF, the OSC, the Ultras and ASFC.

Outback Ozzy 03-09-2009 20:25
Re: Looks like some bad news
 
Quote:
Originally Posted by Wynonie Harris (Post 741739)
The way I understand it, it wouldn't be run by a committee - the ASSF would appoint its own directors who would work with the existing directors (including the D'on).
Further to this, I'm pretty sure the ASSF has already appointed a representative who has business acumen to sit on the board and attend meetings.

Redskin 03-09-2009 20:30
Re: Looks like some bad news
 
Quote:
Originally Posted by maccawozzagod (Post 741744)
Don owns 52% of a nominal 100k worth of shares. If we need to put in 300k then we need to create three times as many shares (minimum). So Dons share of the issue would be worth only a quarter of what it is now (13%) - as would everybody elses.

Do we need to discuss this on every page? If Ilyas used his money to bail out the club (52% Dons business) then what would be to stop him selling his 52% to someone else at a vastly inflated price as the company was now solvent? The 'company' would now be worth the share price of £400k and he could sell his 52% at market value and 'possibly' make a killing from his original purchase price (that nobody knows or needs to know).

Yes he deserves the chance to make a success of the club.

Yes many of the committee are fully behind his tenure

but no, he is not more important than Accrington Stanley and he has acknowledges so.

There is an offer on the table that is not to his liking because it is not in his best interests (only at face value) But it is in the best interests of Accrington Stanley and is funded by someone with the best interests of Accrington Stanley at heart and was delivered and sanctioned by 12 people with the best interests of Accrington Stanley at heart.

If anyone comes up with a better solution in the meantime then they have the backing of me, the ASSF, the OSC, the Ultras and ASFC.

Sorry, but you can purchase 25% stake holding at what ever price you negogiate, ensuring the ASSF funds are used accordingly to pay-off the appropriate debt!

Redskin 03-09-2009 20:31
Re: Looks like some bad news
 
Quote:
Originally Posted by VALAIRIAN (Post 741741)
Nobody at A.S.S.F. has ANY thoughts of running Stanley!!! Controlling stake, not running the club, 2 very different things. :)


Same thing!

Redskin 03-09-2009 20:33
Re: Looks like some bad news
 
Quote:
Originally Posted by maccawozzagod (Post 741744)
Don owns 52% of a nominal 100k worth of shares. If we need to put in 300k then we need to create three times as many shares (minimum). So Dons share of the issue would be worth only a quarter of what it is now (13%) - as would everybody elses.

Do we need to discuss this on every page? If Ilyas used his money to bail out the club (52% Dons business) then what would be to stop him selling his 52% to someone else at a vastly inflated price as the company was now solvent? The 'company' would now be worth the share price of £400k and he could sell his 52% at market value and 'possibly' make a killing from his original purchase price (that nobody knows or needs to know).

Yes he deserves the chance to make a success of the club.

Yes many of the committee are fully behind his tenure

but no, he is not more important than Accrington Stanley and he has acknowledges so.

There is an offer on the table that is not to his liking because it is not in his best interests (only at face value) But it is in the best interests of Accrington Stanley and is funded by someone with the best interests of Accrington Stanley at heart and was delivered and sanctioned by 12 people with the best interests of Accrington Stanley at heart.

If anyone comes up with a better solution in the meantime then they have the backing of me, the ASSF, the OSC, the Ultras and ASFC.

I think you are getting confused here!....share price (face value) and market value are two totally seperate entities!

Nickelson 03-09-2009 20:33
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741751)
Same thing!
No its not, a controlling share means that they ultimately dont need to have a board decision on any issue.

maccawozzagod 03-09-2009 20:35
Re: Looks like some bad news
 
whether it is or isn't Redskin doesn't matter. Ilyas will only bail the club out subject to that condition. And until ASSF gets its own funds rolling we have to work within those parameters.

Redskin 03-09-2009 20:37
Re: Looks like some bad news
 
Quote:
Originally Posted by Nickelson (Post 741754)
No its not, a controlling share means that they ultimately dont need to have a board decision on any issue.

Exactly!!!!!!...they own 50%, therefore control the club!!!!...which was my original point!

Redskin 03-09-2009 20:42
Re: Looks like some bad news
 
Here's hoping a Large Multi-National comes in and sponsors the ground for 300k, problem solved!!!......Sky, Coke, EON, Ebay, ESPN....the possibilities are endless!!!!

semi-skilled 03-09-2009 20:52
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741758)
Exactly!!!!!!...they own 50%, therefore control the club!!!!...which was my original point!
And that control has got us................where exactly?

maccawozzagod 03-09-2009 21:07
Re: Looks like some bad news
 
I think the point that Nickelson was making Redskin was that if one man owns a controlling share he can, if he wishes, veto any decision and make his own decisions on how ASFC progresses. These decisions are sometimes good, and they are sometimes bad.

If ASSF had a controlling share it would, at worst, have 12 committee members voting on good or bad decisions, and at worst would have hundreds. It would also be more accomodating to individual professional opinions on things regardless of what we wanted. If the accountant says no to a wage rise to Kenny Arthur then that decision would have been made with the head rather than the heart.

The Don, or Eric, or anybody else may have made an emotional decision and paid the extra - as with Paul Mullin for example.

Redskin 03-09-2009 21:11
Re: Looks like some bad news
 
Committee's organise Coffee Mornings!.............LMAO

ukcowboy 03-09-2009 21:16
Re: Looks like some bad news
 
Quote:
Originally Posted by Redskin (Post 741786)
Committee's organise Coffee Mornings!.............LMAO
Very helpfull, now go away and come back when you have something of value to add :mad:

Redskin 03-09-2009 21:26
Re: Looks like some bad news
 
Quote:
Originally Posted by ukcowboy (Post 741789)
Very helpfull, now go away and come back when you have something of value to add :mad:

Still wearing ya Rose tinted glasses I see!.......well you lot put your money where your mouths are!......I own 5 "B" shares and paid 4k for them, Write me a cheque for 4k, payable to ASFC and they are yours, otherwise carry on planning ya coffee mornings!

maccawozzagod 03-09-2009 21:29
Re: Looks like some bad news
 
I'm sure that will be completed by weekend Redskin.

yonmon 03-09-2009 21:32
Re: Looks like some bad news
 
Quote:
Originally Posted by ukcowboy (Post 741789)
Very helpfull, now go away and come back when you have something of value to add :mad:
Quite so Cowboy!!....Whilst many concerned Supporters are DOING what they can to discover just how our Club can continue to operate successfully and provide all true supporters with what they desire so much, that is to watch our players succeeding in the Football League.
Some others seem to be quite content with attempting to produce erudite and convoluted dissertations on the subject !.

It's time for action ...not words !!!....

As Alfred.E. says...'Fine words butter no Parsnips !'...but HE would!

'ON STANLEY!....ON!!!'

Redskin 03-09-2009 21:34
Re: Looks like some bad news
 
Cheque or Coffee Morning?

Send me a PM for details.........and I'm not expecting a cheque from Mr Khan, this is a personal opportunity for some one else to share in the history of ASFC and my contribution back!....If anyone else wants to offer more, then all well and good as we may disagree with the manner in which parties are conducting themselves, however we are all Stanley Fans!!!!!!!!

mab 03-09-2009 21:51
Re: Looks like some bad news
 
[quote=Redskin;741797]I own 5 "B" shares and paid 4k for them, Sorry what are "B" shares :confused:

Redskin 03-09-2009 21:53
Re: Looks like some bad news
 
Second Issue Shares of 10 pounds each!


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