| When we take this legal action 15:24 - Jul 23 with 5541 views | JENKINSOUT |
it is looking increasingly likely that we will take legal action against the yanks if posts on here are anything to go by which is what I am voting for anyway
I hope that when it happens that there are enough of the keyboard warriors ready to step up and make that happen as I can see the trust board standing down on mass surely it will be impossible for them to carry on when we vote against their recommendations
the likes of E20jack nookiejack and londonlisa will need to step up to the plate or is this the classic case of its easier to stand and snipe from the sidelines then put yourself into the firing line that you have enjoyed seeing others in
wonder what will happen to the supporter director when he stands down as I dont think there is any legal agreement that the club have to retain a director from the trust on the board
interesting times ahead when the vote results are announced |  |
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| When we take this legal action on 23:49 - Jul 24 with 972 views | dameedna |
| When we take this legal action on 22:16 - Jul 24 by E20Jack |
What a waste of money. You can employ Alan Sugar for all the good it will do. He would have no influence at all, none. The Americans have 75+% of voting rights. A seat on the board is an expensive season ticket. That is it. They do as they please, as The Trust have found out when making even relatively small reauests (friendly ticket pricing).
The aim of the Trust now that the situation has drastically changed should without doubt now switch to the goal of getting enough shares in the future to stop this ever happening again. When these Americans sell they also sell the voting rights, The Trust will never have a meaningful voice ever again.
What is the only way to get enough shares in the future? Buying them. Will £5m buy any sort of amount of shares that allow a voice, veto rights etc of a relatively successful club? Not a chance.
Our salaried Alan Sugar and the rest of the Trust can be booted out of the club by the time the year is out if this deal goes ahead. They can sell our stake for whatever price they like at whatever time they like to whom they like - we will have no say. |
I could buy Newport County for 5m excluding the land and stadium.
The value is the EPL status.
The Directors argument could be that it is they that got the EPL value.
Not the Trust.
5m is a good proportion of value in a club outside the EPL.
It would most certainly save the club in a rainy day.
Suggest your last sentence weakens the main point of your proposal.
It is likely we will get relegated.
We would not be offered 5m if we had been relegated. |  | | |
| When we take this legal action on 07:37 - Jul 25 with 907 views | E20Jack |
| When we take this legal action on 23:49 - Jul 24 by dameedna |
I could buy Newport County for 5m excluding the land and stadium.
The value is the EPL status.
The Directors argument could be that it is they that got the EPL value.
Not the Trust.
5m is a good proportion of value in a club outside the EPL.
It would most certainly save the club in a rainy day.
Suggest your last sentence weakens the main point of your proposal.
It is likely we will get relegated.
We would not be offered 5m if we had been relegated. |
I am not entirely sure you could. A proportion of Newport county maybe for the £5m minus tax (c.£4m), although they are one of the smallest football clubs in the land and not really comparable to us. If you made a comparision to another football club who have spent the last decade in the PL amd won a major trophy on recent history then its another ball game. By the time the club gets to league 2 who knows what damage may have been done also.
I also disagree that the value is EPL status, it increases the value of course. But it is thought Tan wants £50m for Cardiff who are a mid table championship club. A hefty sum still for a club that look nowhere near getting EPL status. That is when we want the Trust ideally to come in and save us from another tycoon who can do irreversable damage to the club in the parachute payment years.
If we suggest we would be worth the same as Cardiff then in order to go into a comsortium with us owning a sufficient portion of the club that finally gives the Trust a say again and the protections it needs - we would need c £15-£20m. Go down any lower in league status than that and you will stuggle to find a consortium with the kind of money needed to help in a takeover.
I dont understand how my last sentence weakens by stance. If we get relegated then we dont sell anymore of the shares as agreed to the Americans and the club may well get sold for half its value (and thus the Trusts shares along with it). [Post edited 25 Jul 2017 8:42]
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| When we take this legal action on 08:56 - Jul 25 with 877 views | dameedna |
My bad. The last sentence of the previous comment aka *what will 5m achieve?* Not sure about that.
It would not have been predicted that we would be much bigger than a small club for more than a few years.
I am prepared to accept the outcome and the decision to be made before season starts. | | | |
| When we take this legal action on 08:58 - Jul 25 with 874 views | felixstowe_jack |
Not at all likely from what I have heard from trust members. | |
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