Tuesday Meeting
 

I look forward to seeing as many of you as possible on Tuesday.

I have, as you would expect, recieved a lot of feedback on the topics or issues that people feel are important.

The objective of Tuesday is not to make decisions, but to really speak openly about the things that you all feel should be taken into account as we continue this journey towards creating a transparent, open, healthy, community supported, vibrant and healthy club.

The meeting is open to all. I hope that we will be able to listen with courtesy to each other, and regardless of whether we agree or disagree, we can learn from different opinions. I am hoping the meeting will take no longer than an hour, and we aim to start at 7.15pm at the old St James School building on Canon Street.

with my warmest regards
Ilyas

Re: Tuesday Meeting
 

Hope to see you there Ilyas :) And I would also like to take the opportunity to say thank you for arranging/attending this meeting and I am hopeful that (together) we can all help to move the club on yet another step(s) towards a brighter future :)


:) :) :) :) :) :) :)

Re: Tuesday Meeting
 

Looking forward to it will see you there :)

Re: Tuesday Meeting
 

should be n interesting evening.:)

Re: Tuesday Meeting
 

yep, looking forward to this.

Ilyas, will the club be represented by Rob/Don etc?

Re: Tuesday Meeting
 

Ilyas; regrettably I won’t be able to make the meeting, but I wish you and all that attend well; I hope and trust that the message will have got out and I’m sure there will be some positive outcomes for the future of the Club.

Is it possible for you to confirm the position with David following his comments regarding him not resigning in the Observer?

Is it also possible that an accord can be reached with the club for future events to be held in the club house at the Crown, thereafter allowing us to benefit from the income over the bar and the feeling of pride of working on home ground.

Best regards

Doug

Re: Tuesday Meeting
 

Looking forward to it, see you all there :)

Re: Tuesday Meeting
 

well then? anyone for the full details?


poor Tin Monkey has been sat here all night waiting for the analysis :tongueout

Re: Tuesday Meeting
 

Best I can do, as I did not write owt down....

Some stuff similar to what was said in The Crown Pub a few weeks ago.

Club don't make any cash, only way to change this is to move to a new ground, which will attract FANs and sponsorship. In the meantime Ilyas will take up any shortfalls.

Very soon, there will be new shares created - 200'000? - this then reduces EW/DON %

On that subject, IK was asked about 51% ownership, he said in his opinion, Companies house states that EW owns 51%! But that DON believes that he has done a deal with EW.

Re: Tuesday Meeting
 

Chris Flannelagain and Dany were there, so it will be in a paper some time.

There was also talk of new management/structure, professional people to work along people we have now RH/DON...

I forgot about the 200'000 shares, these are for any/all FANs to buy, therefore club - in the main - owned by FANs.

A commitee/body/group of people - some FANs, some professionals will be in charge of these shares, which will be donated by IK/PM.

Ground funded by IK, then given to the club.

Re: Tuesday Meeting
 

An interesting evening, for the proposals going forward. Read the FC United of Manchester website when I got back, having started with Real madrid, as you suggested. Both websites have some very interesting constitutional points, United's (despite what we think of the "other United") is probably most appropriate as they seem to be a true community club, albeit a world wide community in their case. Will await your post with interest, and hope I can contribute effectively.

Re: Tuesday Meeting
 

Sorry could not make it tonight as I am in Northumberland andnI won't getback until Saturday. Will try to pick up on the news viathe i.phone

Re: Tuesday Meeting
 

IK was asked about EW - more than once - and said that(in his opinion) we should not dwell/ponder on the subject too long, it is in the past and we must all move on.

Re: Tuesday Meeting
 

IK talked about a "Constitution" and suggested that he would post one/it on here early next week. This is for people to read and digest, then put forward their opinions/views, from this will be generated another/final "Constitution" , which will in turn, be handed/offered to the club.

Re: Tuesday Meeting
 

Cannot think of much more, but Jase/Loweiy/Cashy/UK/AccyMad, to name but 5 were there, but in essence, look forwards not backwards and have the club looked after/cherished and cared for by the FANs!!!!!!!!!!!!!

Re: Tuesday Meeting
 

Also it was mentioned by Iylas that an arrangment had been made so that eric could travel on the team coach to away games!!But only if coley agreed to it.going to share thingy nomore than a propossed 4.9% holding by anyone person or organisation or company,shares may be paid for in installmemts set by the community board which could be 5,10, 50 people on it,glad i went really just hope now it all comes true.ps no eric no rob and no david at the meeting all where invited..

Re: Tuesday Meeting
 

Cheers Mab, I knew I missed some stuff!!!!!

Re: Tuesday Meeting
 

as the meeting was to ponder how to take the club forward, i find it pathetic that none of those 3 invited bothered to show their faces, can only assume they think theve done a great job?:rolleyes:

Re: Tuesday Meeting
 

Would have thought and kinda hoped RH would have turned up...

Re: Tuesday Meeting
 

I must admit I could hear all the cringing when the term 'next week' was used :D

Re: Tuesday Meeting
 

to be truthfull, i hoped the same, i must be loosing the plot, thinking "New Broom":rolleyes:

Re: Tuesday Meeting
 

Cashy, is it not possible that no one went from the club because they don’t agree with the proposals being made. It would stand to reason. I’m not against any of this in theory although I believe that a committee led management would be the worst thing for the club. I don’t understand why we aren’t seeing a written action plan that we can point a finger it and understand, all these little meetings of 50 or a 100 people are fine; but what of the other 1500 or so fans; why not put all this in writing and canvass the supporters where it would make a difference….At the Crown Ground. I have said elsewhere tonight that I would love Ilyas to take over the ownership/financing of the club and to appoint a trustee to run it; and then maybe invest the title ownership of the club in the name of the community. We need a figurehead, a financier, a leader…not a committee, no matter how dedicated.

Please, let us have a firm written action plan that we can all read and understand first.

Re: Tuesday Meeting
 

That Duog is the next step a draft copy is to be made available for anyone to read, and have an imput.. It would have been the easy way out to appoint a new managment team by Iylas but has he said he isnt a footballclub chairman and wouldn't know where to start.he said that he had offers off people who had worked in other clubs to take over the day to day running of the club( notts co bl/pool)to name two.but felt it was up to the community lead board to do the hirring,if i've missed owt others who was their can fill the blanks..:)

Re: Tuesday Meeting
 

read valairians post mate, thats gonna be produced fer comments/ ideas etc nowt set in stone, surely if they don't agree, they should come and explain why? 2 sides to every argument, but no they chose not too. pathetic i say once again.

Re: Tuesday Meeting
 

To be fair Cashy, would you honestly turn up to a meeting that is going to discuss how to reduce your shareholding for EW/DON?

Re: Tuesday Meeting
 

I am against having a committee being formed as a board to govern the club, I think that it would be better to have the committee/ fans group being used to elect an independent board at an annual AGM (These should be voted in every year). I think having a number of individuals being involved in key decision making would take to long as a process to make decisions that are required to be made at a fast rate. I think that having fans as the main shareholders of the club is a good idea but ultimately this shouldn't involve EW or DON. Outside investment or commercial deals will not feed through to the club until we have shed our ghosts from the past so to speak.

I seem to recall that it was mentioned that the ASSF would be involved as the model for the fans to use to buy and sell shares etc. I personally think that surely this would be better to be discussed between the ASSF, OSC and the Ultras to form a group that suits all the needs of the groups. I think that we could potentially use the OSC as the basis of the committee model as there are a number of systems in place including for the payment of subscriptions which is integrated within the club infrastructure already. There is also monthly meetings being held and the OSC is starting to build up after a period of inactivity.

Re: Tuesday Meeting
 

To be honest bdc, the jurys out wi me as too the best way/tactic forward, i said i hoped Rob Heys would appear (New Broom)- personally to make any decision, i would like to be aware of ALL arguments, only then is the time to come down one way or the other.IMHO.i am now left wi the thought, that they have nowt to defend, cos if i had, i'd sure as hell turn up.;)

Re: Tuesday Meeting
 

An awful lot to take onboard at the meeting last night

Some really good points raised last night and also some good points already raised on this thread

As I have said previously I think there is a role for Supporters to have an input into the Club but it's what course that takes?

I suppose the point I was trying to make with my question with regard the wider community last night and I understand what was said about the wider three step plan but some of that could be a few years away yet.

My question was a more here & now scenario in how any reformation of things appeals & sits with the wider community in that I don't just mean the fans who attend games now but attracting new fans & wider investment into the Club now?

The steps taken now no matter how small will shape the Club possibly for generations, that's why in my opinion it can't be rushed and must be inclusive of all.

Everybody has a view and an opinion the question now is how best to harness that and take everybodies opinions onboard to create something that can take the Club forward as One.

There is so much passion for this Club from not just us the the fans but also people who work at the Club whether thats behind the scenes or on the pitch.

A Community Club is a wonderful vision and one I wholeheartedly support and done with as much input as possible from not just us fans, people at the Club, Council and business people who would all bring the right mix of ideas, passion, drive and commitment to help keep driving the Club forward.

Re: Tuesday Meeting
 

I think that we all know - and IK alluded to it.. - Rob would only turn up if he was allowed to do so!!!!!!

Re: Tuesday Meeting
 

bdc, there is more of an overlap between O.S.C./A.S.S.F. and The Ultras than more people think/realise.... ;) :) :)

Re: Tuesday Meeting
 

If that is so, then hes the "Head" ceo, in name only.:(

Re: Tuesday Meeting
 

Two quotes from the thread when DON 'resigned'.

If Rob is in overall charge of the day to day running of the Club who could not allow him to attend ? He would have no boss to tell him what to do and what not to do. Obviousley Rob is NOT in overall charge of the day to day running of the Club. So who is ?

Re: Tuesday Meeting
 

Reading this brought MyFootballClub and Ebbsfleet United to mind. Have a read at this article on the BBC website.

BBC - What happened to MyFootballClub and Ebbsfleet United?

Re: Tuesday Meeting
 

Thanks for that Yerself a very interesting and thought provoking topic partculary as at the time Stanley were mooted as being a possibility for MyFootballClub.

There are lots of different angles on community/trust ownership some good & some bad, there are success stories as there are failures.

Bundesliga Clubs certainly seem to lead the way when it comes to governance in Football.

Even our Politicians have got involved with cross party support for some sort of supporters representation.

http://www.allpartyfootball.com/APFG...009%5B1%5D.pdf

The key is finding not just a short plan or even a medium term plan but a long term sustainable plan that can grow with the Club and is right for all.

Re: Tuesday Meeting
 

That is the nail on the head n why the jurys out in my case, not being knowledgeable enough,i know what i don't want, but do NOT know what is the best tactic. i would have liked to have heard every viewpoint, but absence last night by some prevented that.:rolleyes:

Re: Tuesday Meeting
 

I think Ebbsfleet is the worst possible example to put forward, from what I understand the suggestions so far is nowhere near that scenario.

As far as I can make out the suggestion is for the fans to own the club not run it day to day. There's a massive difference.

Re: Tuesday Meeting
 

The problem with the myfootballclub model is that is mixed up ownership, governance and management of the club, right down to influence over the management of the football team. That was never going to work!

We await Ilyas' Action Plan, but a community-based club does not mean management by committee.

In terms of ownership, if the fans/community own more than 50% of the shares (once the new ones are issued), that is all it is, ownership.

The formation of a representative committee to represent this fans/community 'group' would therefore be in charge of hiring/firing the day-to-day managers of the Club just as any single owner would do. The representative committee would therefore have a say about the governance of the Club (i.e. the direction that the Club takes and the manner in which it is directed) and be involved in the Board of Directors.

It would still delegate the day-to-day running of the Club to a Managing Director and CEO, as it currently stands. The committee would only be responsible for deciding who these people would be, so I don't see any problem with this setup and it is markedly different to the myfootballclub model.

The big issue for me is whether we can convince the fans/community to buy the extra 200,000 shares and not continue to depend on the generosity of Ilyas and Peter Marsden.

Re: Tuesday Meeting
 

the scheme has failed yet 3500 people have paid fifty quid for a third year of having no say? Seems like a success to me and better than paying 250 for a hundredth of a share that isn't a share.

And the stanley model would be nothing like that anyhoo.

Re: Tuesday Meeting
 

anything is better than the current ownership situation.

Re: Tuesday Meeting
 

Natural to be scared of change some people would rather better the devil u know senario cos to them it's safe and that's understandable. But as the club as it stands is losing money, it's not gaining much in new interest and investment from sponsors, the current runners (I do dismiss rob from this bit as he's tied by others) the damage has been done and only person who is keeping the place afloat is ilyas who is financially gaffer taping the huge holes together atm, he can't do this indefinitely so change has to happen at some point before the un avoidable change of fortune happens again for real.

I would think ilyas had looked into the options very carefully and no doubt delved into this further than we know. The 3 point model seems to be the best way to approach this and doing so protects our investment and interest. Fans can't run the club day to day properly that needs professional running by those who are qualified and able, that's where a board elected by fans who wish to be part of it and somewhat not different to the OSC where meetings are held, motions past by vote and elections each year are held by agm, ensuring those can do put themselves forward and elected by vote, if persons can't continue or change is needed ie board unsuitable then new ones re elected, also u can have note in place that same people cannot keep seats over a selected time/period to give others chance. So that eliminates fear of people taking over too much or governance - keeping board fresh and with new energy and input.

Re: Tuesday Meeting
 

Ilyas told us that he had put Rob in charge since DON's resignation, so who is he tied by ?

Re: Tuesday Meeting
 

Apparently he is adjusting for a short period with don to his new position under the guidance of him so I gather if I heard ilyas right last nite, hence choosing my statement carefully as can't judge robs helm as it's only in infancy and not alone fully. Hence don has not gone and is permitted to keep his job allowing rob to take over as such.

Re: Tuesday Meeting
 

I was up at the club yesterday to report a few problems I'd had with the sports bar for our little uns birthday party on sunday. Whilst I was waiting for the receptionist to appear I spotted the staff signing in/out sheet on the counter top, Rob was marked as 'holiday', i would hazard a guess that he wasn't around yesterday one way or another and as such couldnt be at the meeting.

Re: Tuesday Meeting
 

Quick thought: could there be a gym at the potential new ground. I see a lot of function rooms at other grounds but I can't see Stanley having enough interest for more than one. If there is going to be a new ground, can we stop spending money on our current pitch? Seems a bit silly.

Re: Tuesday Meeting
 

Yes, to argue against it, to show why you need one man at the top to make the decisions?

Re: Tuesday Meeting
 

If in a few years time Stanley becomes a community club and Khans shares have been transfered, a new ground has been built and also transfered to the fans. That is the time when I predict I will win the lottery and would want to buy Stanley, if I offered good money for each share would you turn me away, do you know what I'm getting at?

Re: Tuesday Meeting
 

That is something that is planned in!!!!! :)

Re: Tuesday Meeting
 

:) Hi Baggy sorry fella,with what was said last night no one would be allowed to own more than (i'll us the figure which was put out last night but not set in stone) 4.9%:)

Re: Tuesday Meeting
 

What actually is that in real money terms of the 200k; what is the value of 4.9%, the cost to you and me.....

Re: Tuesday Meeting
 

too good to be true maybe?

Re: Tuesday Meeting
 

Based on the club's current value, nowt :)

Re: Tuesday Meeting
 

No figuer was stated in money terms last night Doug!! but what was said is that anyone who wanted shares could pay in instalments weekly or monthly. Val may be able to shed more light on this:)

Re: Tuesday Meeting
 

No pressure on Val then :D

Noboy can say how much they will be because it all has to be decided when the constitution is formed and officials elected. I think the constitution will state the maximum shareholding and the value of shares will be decided by the elected commitee/board. I could be wrong though.

I think what's important for everyone to remember is that nothing has been decided yet, it was all merely suggestions and ideas. The next step is the draft constitution to be posted on here next week.

Re: Tuesday Meeting
 

What I heard was "An additional 200'000 shares" no talk of ££'ss" Ilyas stated that these shares could be bought by FANs, paid for upfront, or weekly/monthly, money was not the issue, it was about "Ownership" :confused: :confused: :confused: :)

Re: Tuesday Meeting
 

:) Cheers VAL :)

Re: Tuesday Meeting
 

Do not quote me Mab :o :o :)

Re: Tuesday Meeting
 

I suggest you look at the following link to get a feel of what can be done, and outline of a dream that is obviously working, because no-one "owns" the club

FCUM

Ilyas mentioned Madrid and hundreds of thousands. Actually thy have less than 100,000 members, and that is REAL MADRID. Would be nice to sign Messi, Robhino, etc, but lets make do with buying Brett back, when his time comes, and with 2-3,000 members, and a proper constitution, who knows.

I was disappointed with all the ill feeling towards EW and DO'N, let's leave it, move on with the dream, and look forward to the next forty years

Re: Tuesday Meeting
 

Very interesting reading. :) I love the Pound for the Ground Idea.

Re: Tuesday Meeting
 

If you look at Real madrid, also as an example, its a bit like the old Working Men's Club set up. Committee, elected by the members, set the rules. Certain restrictions in place, length of service, etc (so committee cant decide to change rules and be in office for ever), and certain members get paid. Like it would be a good idea to pay the secretary of the committee, cos there are probably some legal responsibilities, and maybe good having a lawyer on the committee too. So, maybe have some "honarary" committee members, paid a fee to act as consultants - lawyer, secretary and maybe treasurer. After that, the committee is elected by voting, volunteers proposed and seconded by other members to act on the committee. Must attend, miss two meetings and resigned, etc.

Not rocket science, and keeping it simple allows everyone to understand

Re: Tuesday Meeting
 

Not me, I don't speak Spanish :D

Re: Tuesday Meeting
 

lo siento Dave, me no ablo espanol, but if you click on the union flag, you get an english page too....clever buggers these spaniards....

Re: Tuesday Meeting
 

Just shows how clever they are.....

the new Board, after the last election, had a meeting to agree how they should act, ethically (Ilyas would approve), and appoint various Directors to act for the legal and social side of the business.....

Then elected Zinedine Zidane as Advisor to the new president.....

Not daft

Re: Tuesday Meeting
 

a concern of mine peter is whilst Real Madrid, Fcum, ex Man Utd, are successful, they are monster clubs with a massive fanbase, we are simply Accrington Stanley............... greatest little club in the world, but the operative word being "Little":eek: aint for or against, don't know n am concerned.

Re: Tuesday Meeting
 

It doesn't matter how big they are. FC United started like Accy Stanley (reborn) - ia a pub.

Real Madrid started in a college with students, then moved on and formed Madrid Football Club, with 50 members. It took them 105 years to get organised, and for most of that time they rented the ground and got changed in a pub.....

Although a "little" club, we have some amazing fans. "we" raised £100,000 to help in a very short time. Ilyas was talking about a few quid membership. OK, we get up to 2,000 for most matches, and we don't have almost 2,000 fan clubs around the world.

However, I know there is a fan club in Omagh, Northern Ireland, and there are others too, there are always guys arriving from overseas to watch, and we do have a name that everyone knows (and adds - "who are they"). A proper web campaign to recruit members, and don't be shy - use the Real Madrid example - the papers already have - OWN ACCRINGTON STANLEY - be a member of the most famous "little" club in the world.

Three years ago (I think), Ebbsfleet United was chosen by a group of guys on the internet and they sold "shares" in the club for £35 - I bought one as part of the experiment (plus I was doing a degree at the time and studying lower league football clubs) - they aimed to raise £1 million, and very nearly did. EBBSFLEET UNITED _ I didnt even know where it was......

don't forget where the club has come from.... now you can help decide where it goes from here

Re: Tuesday Meeting
 

Not sure why you would need to be concerned Mr C. It doesn't matter if all the shares aren't sold, they have already been bought once. They are only being sold by the new organisation as a method of giving people a membership option. Any money raised from them is a bonus to the club.

Re: Tuesday Meeting
 

I think both templates for both FC United & Real Madrid are interesting in what they bring in terms of vibrancy and being able to effectively run their Clubs in terms of money & being self sufficient.

As Cashy rightly points out these are effectively the Biggest Club in the World in Real who operate a system of socio (club member) which you must be to become a season ticket holder and they also have over 1800 peñas (official club affiliated supporters clubs), even FC was started with fans disenchanted by the goings on at the second largest Club in the World.

FC also operate a yearly membership scheme to become members is that something best served for Stanly in that it would be a revenue scheme on a yearly basis or would a monthly/weekly scheme serve better?

Revenue brought in this way could be used to improve facilities now and could be chosen by the fans or could it go to help with squad building, training facilities etc?

Or would then detract from things already in operation by diverting peoples disposable income or would it if done in the correct manner effectively put more money into the Club?

Stanley are some way off that but with the correct structure put in place now it can grow to achieve that, I think Stanley have a lot of skin shedding to do to get to that stage but what could be put into practice now can be something that effectively grows as the Club starts to build whether that is in terms of fanbase or newer facilities or a combination of both.

As LD also pointed out erlier in this thread any new ground will hopefully take into account facilities that can effectively bring income streams 365 days a year but we are still at the Crown and we have a facility that could become more community focussed at the Club in the Lounge that could maybe become a social hub for the community whether that be as a Mum & Tots group in the mornings, a Youth Club in the Evenings they would add to the social dimension and attractiveness of the Club now bringing people into contact with the Club who would normally not come anywhere near.

There are so many paths to choose and not every one will be the right one but with as many people onboard with ideas, opinions and know how it can shape the Club for years to come and grow as the Club grows.

On Stanley On

Re: Tuesday Meeting
 

Surely any community group set up will have a bigger stakeholding than that?

Re: Tuesday Meeting
 

A little more info on the Real Madrid model Why Real Madrid is so rich ? Soccer Tickets Online

Re: Tuesday Meeting
 

All this talk of Real Madrid has got me thinking, how about renaming the Crown Ground... The Burnleybow Stadium :D

PS. Before replying please remember, you are live on Accyweb, no swearing please :p

Re: Tuesday Meeting
 

Fan ownership works, this is great news.

Re: Tuesday Meeting
 

Love it Dave; :) when they pull the Crown Ground down the cleared area is to become a sewerage holding tank….So Burnley Bow Pit Hole will be a perfect name. :D

Re: Tuesday Meeting
 

It’s a lovely idea and I hope it becomes a reality one day, but look at the numbers; even with a world wide membership I understand in the OSC we only have 50 + membership, I’ve no idea how many there are in the ASSF; don’t even know how to contact them about membership.

But what about Now…….why aren’t we focusing on developing what we already have.

Re: Tuesday Meeting
 

Certainly does!!!!!!! Ebbsflett refered to earlier as a shining example. FA Trophy winners in 2008 shortly after becoming a "fans club" Now playing in Conf South. Lets be careful what we do, I want ASFC here for the long term, and not being used to satisfy certain peoples romantic whims.
How many people on here have either played for or managed a football club at a decent level, Not many, or run a Million £ business even fewer.

Re: Tuesday Meeting
 

Agree mate, i would like to know if someone that actually knows the score, has researched the failures n found the reasons why? also the success stories n there reasons, i'm all fer advancement n going forward, but its got to be right! until all facts are produced, how can anyone make a balanced decision? :confused:

Re: Tuesday Meeting
 

That's why now is so important if community ownership is the route the Club goes down then issues like yourelf, Doug and Cashy's are raising they are addressed, taken on board and worked out.

The goals and aims have to be realistic in terms of where you want to be at certain timelines.

Re: Tuesday Meeting
 

Re: Tuesday Meeting
 

I would like to know what he has been fixing in the last two years. As far as I can remember everything was broken and O'Neill fixed nothing.

Re: Tuesday Meeting
 

I am sure that a shareholders meeting was held earlier this year and a resolution was passed allowing for a new share issue to take place.

Re: Tuesday Meeting
 

Indeed it was Jeff, and O'Neil was there when the vote to allow 200,000 was put through with NO objections.

This just smacks of dummy throwing by both EW and DON.

The sooner we are rid the better IMHO.

Re: Tuesday Meeting
 

Here is a link to the thread after the shareholders meeting in January thi year
http://www.accringtonweb.com/forum/f...ers-51303.html

Re: Tuesday Meeting
 

Soooooo, if i understand this correctly, DON was there at that meeting and didnt object to the 200k being issued [we beleived at the time the 51% was his] knowing now that it does indeed transpire that shares hadnt transfered & legally he isnt the majority shareholder. ERic then was not present at the meeting because ?????????? only presuming he was still dangling DON at the time in his place.

The Soooo is, eric is now objecting to this now because of the real threat of losing his shareholding capacity and value of his shares that he isnt or not for a while gonna transfer to DON if in fact ever an agreement between them happens, its Eric that loses out as soon as the shares come into the pool.

Re: Tuesday Meeting
 

Well a little bird told me that E.W. was actually outside of that meeting, apparently cos the childish git, will not enter the same room as ilyas.:rolleyes: dunno if thats so, but wouldn't surprise me.

Re: Tuesday Meeting
 

So all that it would take is another benefactor to step forward and offer D'ON/EW or whoever is the legal major shareholder 200k to pay Ilyas back the Donations/Loans he made to the club and its game over for the fans/community ownership.

Re: Tuesday Meeting
 

I think that the donations/loans that Ilyas has made to the Club are a hell of a lot more than £200k. They are probably more than £500k, and possibly near to £1M

Re: Tuesday Meeting
 

Jeff, I don't doubt that he has & continues to support the club financially. My understanding is that a loan only becomes a debt if you don't meet the conditions of the loan or pay it back. 200k is the amount given in terms of shares spoken about. All this is getting messy and out of hand and can only damage the club if it continues. I'm sure that Ilyas could have/should have bought the club for less than £1m. What I can't understand is why he just doesn't buy it and bring all this to an end and then the club can get on with winning pomotion.

Re: Tuesday Meeting
 

Re: Tuesday Meeting
 

Re: Tuesday Meeting
 

[quote=yonmon;845403] Today's 'E-T' would suggest that D o'N has different ideas
Cashy....(Quote)...But O'Neill has doubts whether a new share issue can happen without the official approval of shareholders-and most importantly the majority shareholder.
Fifty-one percent of the club's shares are currently registered at Companies House with former Chairman Eric Whalley although they are due to be transferred to O'Neill
when his protracted takeover is completed.
'We have spent two years fixing the situation at the club and now Ilyas wants to fix it again' said o'Neill, whose objection to the proposals meant he did not attend Tuesday's meeting.
'We have been trying to make the club self-sufficient...AND WE ARE THERE NOW '. (Quote)

The 'E-T's' website has yet to be updated...when it is..then
this article is well worth the read !!.

Any comments ??.

Here cometh the full article....

ACCRINGTON Stanley managing director Dave O’Neill has expressed concerns about proposals for a supporters’ trust to own the club – and says he will not resign unless he is certain that Ilyas Khan’s plans are in the Reds best interests.
Khan, who is Stanley’s non-executive chairman and is also the club’s main creditor, told fans at a public meeting on Tuesday of his proposal to convert £200,000 of money owed to him into new shares and then hand that 66 per cent stake to the supporters.
But O’Neill has doubts over whether a new share issue can happen without the official approval of shareholders - and most importantly the majority shareholder.
Fifty-one per cent of the club’s shares are currently registered at Companies House with former chairman Eric Whalley, although they are due to be transferred to O’Neill when his protracted takeover is completed.
“We have spent two years fixing the situation at the club and now Ilyas wants to fix it again,” said O’Neill, whose objection to the proposals meant he did not to attend Tuesday’s meeting.
“We have been trying to make the club self-sufficient and we are there now.
“The first year we lost £300,000, then we lost £150,000 and this year we are aiming to break even. With the money from the Newcastle game we should make a healthy profit.
“We were behind on the accounts and it has taken us time to get to where we wanted, but we are now able to publish monthly accounts. The club is not in the bad position people think.
“I still haven’t seen a proposal in writing so until that happens, I don’t know. It’s all fluffy at the moment.
“But other clubs have done it and faced the same problems we have been trying to get away from, ending up short of cash.
“Why go away from something that is working and do something that has failed at other clubs?
“If it is right for the club, I will consider stepping down. But I need to see it in black and white.”
Khan, who says it has been agreed to allow Whalley to travel on the team coach to matches again, is due to publish initial proposals next week and O’Neill expects an AGM may take place next month.
O’Neill has been in charge of runn-ing of the club for more than a year but his future was thrown into uncertainty at the end of August after claims he had resigned following a meeting between himself, Khan and president Peter Marsden.
“It was suggested to David that he step down from the day to day running of the club and Rob Heys is given the opportunity to do that,” said Khan.
“In terms of the board, I have asked David to stay on.”
But O’Neill insists that he never agreed to resign and he remains at the club, although chief executive Heys is in charge of day to day affairs.
“I have e-mailed everyone to tell them I have not resigned. The club isn’t financially viable enough for Rob to do everything on his own.
“You would have to hire someone and pay them £50,000 a year to do the job that I’m already doing, and where is the club going to get that from?
“If Ilyas funds it, we’re not self-sufficient,” he said.



Any further comments ???.

Re: Tuesday Meeting
 

Understand that Sherry, Yonmon,; but what will the cheapest option be long term; this is going in the direction of legal disputes; why plough money in to prove a point when it would possibly be cheaper to pay them off and if correct, secure the best interests of the club.

Money used propping up the current holders is money that could be spent furthering the aims of the trust and Ilyas's primary aim of investing in the community.

Re: Tuesday Meeting
 

Wasn't O'Neills idea of 'fixing it' to turn up at the HMRC hearing with nothing to offer and watch the club be wound up?

Re: Tuesday Meeting
 

well my reading of it says its utter tripe, the Don says he won't resign unless ilyas plans are in stanleys best interest! yet he did not attend Tuesday cos of his objection to proposals, he says he has not seen.:rolleyes: that to me is a pathetic cop out n says much about the Don to anyone with any sense.:(

Re: Tuesday Meeting
 

Why should anyone pay them off.

The club was bust and their shares (and mine) worth ****** all the day that Ilyas stepped in and rescued the club.

If Ilyas wants his money back, ALL OF IT, we are bust again, and our shares, again, worth ****** all.

If this goes through, and I cant believe that Ilyas was not correct when he said it had been agreed, legally, then at least the club, and the shares are worth something again.

EW and / or DON must be bigger idiots than it has been suggested if they refuse the proposal, UNLESS, they are taking the pee eye double ess and trading on the fact that Ilyas also said (and he is probably as good as his word) that he WILL fund the club for as long as it takes.

From what I recall at other clubs, where there has been a takeover (like the unpopular real United of Manchester (not FCUM) and their friends from USA) if Ilyas (or the trust) had 90% they could make anyone else sell their shares anyway. I have not got a clue how much money is owed to Mr Khan, but maybe, with the ground issue, he could get 1,000,000 shares issued, and then force anyone else out of any share ownership.

BUT, call me synical if you want.... why would they hang around owning 51% of nothing if the trust doesn't go ahead ?????????????????/

Re: Tuesday Meeting
 

O'neill comes across as a very desperate man. Pathetic words from a man with no credibility.

Re: Tuesday Meeting
 

Just had a word with our legal department, and it depends on the company constitution.

If the board have the right to pass the resolution to increase share capital, then the deal is done.

If the constitution claims that it needs a special resolution, and voting by the share holders, why were the shareholders not invited to the meeting (which couldnt actually take place, probably without a required number of shreholders (in percentage) being there).

Simples - isn't it???????

However, the good thing, is that all this is worth remembering for when the Members Trust Constitution is written.....

Re: Tuesday Meeting
 

just sum things to point out

1. don pay up to ew. job dun. 2if no then ew is back on. the we need to do a sos for the club get a lone off sum one then we pay it . how much are 51% in cash i will go to bank 2 moz for lone deatals. sorry for the spelling if its good i deer pm me

Re: Tuesday Meeting
 

Hear Hear!

Re: Tuesday Meeting
 

I think as far as insults go that has to be ranked the all time No 1.

However who really said it, the MD or a Lancashire telegraph reporter with a grudge ?

Re: Tuesday Meeting
 

I'd be willing to bet it was the former, & it wouldn't be the first time he's said it - at the time of the SOS he stood in the reception area at the club & when my mum (yes Dave - Brenda) asked why they would not accept the help being offered by Ilyas replied that Ilyas's proposed new share issue was nothing but a short term fix for the club & therefore not in the club's best interests

Re: Tuesday Meeting
 

ACCRINGTON Stanley managing director Dave O’Neill has expressed concerns about proposals for a supporters’ trust to own the club – and says he will not resign unless he is certain that Ilyas Khan’s plans are in the Reds best interests. ...........................The man who said that is the ONE who don't have the clubs best interests at heart, Ali Baba.:mad:

Re: Tuesday Meeting
 

today/tomorrows Observer has a reasonably in depth (full page) bullet point account of what happened at the meeting.

basically Ilyas can do what he wants as far as the share issue is concerned because (and I can't remember the jargon and aint got the paper in front of me) the loans he made to the club were agreed and signed off as 'convertible' to equity. It is (apparently) legally binding and he can convert the loans (thus making the club free of its debt to him) into the agreed (at a Directors and shareholders meeting) 200,000 shares at the drop of a hat. That would make him the 66% major shareholder and Eric/Don would own 51% of the remaining 33%. Peter Marsden has also agreed the same.

That will be why the club wont make a statement until their legal team has formally told them that they have sold themselves down the river (allegedly).

Just to clarify the extra points raised somewhere in this thread;

at the point where Ilyas and Peter legally own the 66%+ they will donate them to the Community Trust that is to be set up.

My understanding of that is that if only I sign up to be a member of that Trust I will be the sole trustee (for the princely sum of 1yr membership) of the whole 66% - if a million people sign up then I would own a millionth of 66%.

The Trust would be the principal shareholder but as no one person would be a member of that then the status quo of no single major shareholder would remain.

I think that's it ...