Statement on Shareholding
 

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

Re: Statement on Shareholding
 

a truly remarkable gesture, sincere thanks

Re: Statement on Shareholding
 

Dito....Thank you Mr. Khan.

Re: Statement on Shareholding
 

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

Re: Statement on Shareholding
 

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.

Re: Statement on Shareholding
 

So whats all this mean then :confused:

Re: Statement on Shareholding
 

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

Re: Statement on Shareholding
 

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.

Re: Statement on Shareholding
 

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.

Re: Statement on Shareholding
 

**** 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.

Re: Statement on Shareholding
 

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.

Re: Statement on Shareholding
 

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

Re: Statement on Shareholding
 

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.

Re: Statement on Shareholding
 

Re: Statement on Shareholding
 

:confused: 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:)