Re: Brace yourselves in again please ....
 

keys then .

Re: Brace yourselves in again please ....
 

E.W. Would need to buy about 10% before he could do that Grimps!!!!! If I had 10%, I would sell them to him for about £308K....

Re: Brace yourselves in again please ....
 

Update now on fishy site

Re: Brace yourselves in again please ....
 

Link below..

ASFC News Story > 3877

Re: Brace yourselves in again please ....
 

A little snippet from the story:-


The Directors are currently considering a number of options and a further update will be provided in due course.

A share option, would be one way forward, in my opinion...

Re: Brace yourselves in again please ....
 

If the figures are as bad as speculated it's not a quick solution though is it ?

Re: Brace yourselves in again please ....
 

The following is from ASFC news;

The information and evidence that was presented shows, without question, that the shareholder register as submitted to Company’s House is incorrect. The board have therefore resolved to update the company’s books and bring the formal registration into line with the facts. These will show that Mr Eric Whalley is not, and has not been for some considerable time, the majority shareholder of ASFC Limited.

Interesting!!!

Re: Brace yourselves in again please ....
 

Maybe not, just depends on others peoples attitudes!!!!

Re: Brace yourselves in again please ....
 

See the signature Pheonix ;)

Re: Brace yourselves in again please ....
 

So all that has been clarified really is that our income is a hundred grand down on what was projected at the start of the season, and that Eric isn't the majority shareholder. No clarification on who rightfully owns that percentage. No mention of debts or plans for administration yet. Hopefully these matters and some of the stories from the Gazelle meeting will be cleared up soon.

Re: Brace yourselves in again please ....
 

I wasn't suggesting the share isn't isn't the right thing, just not going to raise thousands by next week :)

Re: Brace yourselves in again please ....
 

The directors also considered the club’s cashflow and creditor position. The season has, until December, been commendable in terms of income and expenditure being broadly in line. Two events have led to the club’s financial status becoming unsettled. Firstly the unexpected and sad demise of the Shirt Sponsor, and secondly the postponement of a number of home games. This has reduced income by something in the region of £100,000. The Directors are currently considering a number of options and a further update will be provided in due course.

In the meantime everyone at the club would like to reach out and ask for the support of all fans and the community in and around Accrington. The club currently has a squad that is capable of pushing on for honours, and our Chairman, Ilyas Khan, reminds us that we have faced bigger obstacles in the past, but have overcome them when we present a united front. The best thing that you can do is turn up to the home games and shout loud and stand proud.”

The last two paragraphs are sort of there Shaker!! One of the things that I know/have learnt about IK, is, if there is nowt to say, then he says nowt, therefore I would think that at the moment, there is nowt more to say, the ball - as they say - is well and truely in Mr. Whalleys' court and I do not think he can return it!!!

IK has said in the past, that it may take time, so we must back him, believe in him and he will not let us down!!!!! :) :) :)

Re: Brace yourselves in again please ....
 

Correct sir!! :) :)

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Completely agree. It's one of the things that I admire most about our Chairman.

I just hoped that with the somewhat radical claims that were made this week regarding large debts to her majesty and the phone company, amongst others, something might have been stated to clear those up. However, as we know already, we can all set our watches by Ilyas as far as honesty is concerned. :)

Re: Brace yourselves in again please ....
 

Am I the only person that missed "the sad demise of the shirt sponsor"? That's twice in what, 3 seasons?