| Dunphy withdraws bid 17:01 - Apr 30 with 19373 views | TomRAFC |
From his Facebook:
"Rochdale AFC
Now that the shareholding has been published, it is perfectly understandable that the board would be reluctant to walk away without some sort of recompense.
Unfortunately, I have to tell you, that I am unable to personally invest the amount of money required, and as I cannot ask my associates to do what I am not prepared to do, I have no option but to withdraw.
For a few years, I have watched in sadness as our beloved team sank out of league one, then to the bottom of league two. I promised myself (and my wife) that I was not going to get involved, but in that final week I felt compelled to give it ‘just one last shot’.
Like many of you, Rochdale AFC has been in my life longer than anyone or anything and to watch it slip out of the league was hard. I am sure Simon felt the same, but as a former chairman, I know better than anyone the pressure he would have been under.
I put forward a proposal in which myself, and other experienced associates offered our services to the club. The offer was made with the best interests of the club at heart, but I was unaware of just how many shares the BoD actually owned, and how much money they had invested. I would like to take this opportunity to commend them for preventing the hostile takeover bid.
I understand that there are other ‘interested parties’ and sincerely hope that they will be able to offer a clear way forward, secure a successful future for the club and ensure the continuation of professional sport in Rochdale.
I would like to thank all of you for the kind messages I have received and would reassure you that I remain committed to the club and would be willing to meet and talk with those who would help to protect the club we all love.
Christopher Dunphy" |  |
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| Dunphy withdraws bid on 17:14 - Apr 30 with 10413 views | D_Alien |
Very sad
When he put his proposal forward last week, i remarked that he'd specified the acquisition of "new shares"
This clearly wouldn't be sufficient in itself to establish control of the club. It remains unclear why acquiring a significant shareholding, with a place on the board and the ability to help direct the future of the club doesn't remain an option |  |
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| Dunphy withdraws bid on 17:21 - Apr 30 with 10357 views | Brierls |
Well knock me down with a feather. |  | | |
| Dunphy withdraws bid on 17:21 - Apr 30 with 10355 views | 442Dale |
Not going to go into the multiple arguments, details and games played over the last week (yes, you know and we see it), but has anyone got an answer to the following:
How many shares did Dunphy have when he was last on the board/chairman? |  |
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| Dunphy withdraws bid on 17:25 - Apr 30 with 10305 views | Brierls |
| Dunphy withdraws bid on 17:21 - Apr 30 by 442Dale |
Not going to go into the multiple arguments, details and games played over the last week (yes, you know and we see it), but has anyone got an answer to the following:
How many shares did Dunphy have when he was last on the board/chairman? |
From memory, Altman and Marcelli had about 75K, which were acquired from Chris Dunphy.
I think that made him the second largest shareholder behind Andrew Kilpatrick. [Post edited 30 Apr 2023 17:27]
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| Dunphy withdraws bid on 17:34 - Apr 30 with 10218 views | dawlishdale |
| Dunphy withdraws bid on 17:25 - Apr 30 by Brierls |
From memory, Altman and Marcelli had about 75K, which were acquired from Chris Dunphy.
I think that made him the second largest shareholder behind Andrew Kilpatrick. [Post edited 30 Apr 2023 17:27]
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I thought the Americans had bought the shares from CD , together with those owned by Bill Goodwin and also the estate of the late Paul Hazelhurst ? | | | |
| Dunphy withdraws bid on 17:37 - Apr 30 with 10195 views | Brierls |
| Dunphy withdraws bid on 17:34 - Apr 30 by dawlishdale |
I thought the Americans had bought the shares from CD , together with those owned by Bill Goodwin and also the estate of the late Paul Hazelhurst ? |
My memory isn’t as good as yours! You are correct.
So Dunphy had less than 75K. | | | |
| Dunphy withdraws bid on 17:39 - Apr 30 with 10185 views | dawlishdale |
| Dunphy withdraws bid on 17:37 - Apr 30 by Brierls |
My memory isn’t as good as yours! You are correct.
So Dunphy had less than 75K. |
Considerably less.
Andrew Kelly was always second largest shareholder at that time. | | | |
| Dunphy withdraws bid on 17:43 - Apr 30 with 10152 views | NigelWatson |
| Dunphy withdraws bid on 17:25 - Apr 30 by Brierls |
From memory, Altman and Marcelli had about 75K, which were acquired from Chris Dunphy.
I think that made him the second largest shareholder behind Andrew Kilpatrick. [Post edited 30 Apr 2023 17:27]
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Simon Gauge has enjoyed good PR, so far. However, I suspect that this might be about to change. What motivates Mr. Gauge? Like everybody else, his actions will define him. Unfortunately, I can see Gauge driving RAFC into liquidation. I really hope that I am wrong. [Post edited 30 Apr 2023 17:44]
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| Dunphy withdraws bid on 17:44 - Apr 30 with 10141 views | NorthernDale |
Why can't the board accept the help and support from Dunphy and his associates? As Dale fans we want whats best for the club and the board deserves credit for dealing with the shysters, but they are being either stupid in not accepting Dunphy's help.
I hope the board as the sense to reach out to Dunphy, but sadly I doubt it. | | | |
| Dunphy withdraws bid on 17:51 - Apr 30 with 10079 views | Shun |
| Dunphy withdraws bid on 17:14 - Apr 30 by D_Alien |
Very sad
When he put his proposal forward last week, i remarked that he'd specified the acquisition of "new shares"
This clearly wouldn't be sufficient in itself to establish control of the club. It remains unclear why acquiring a significant shareholding, with a place on the board and the ability to help direct the future of the club doesn't remain an option |
Sad indeed. Mind you, the reaction he received last weekend can’t have helped make him feel wanted. ‘Prick,’ etc. |  | | |
| Dunphy withdraws bid on 17:57 - Apr 30 with 10026 views | D_Alien |
| Dunphy withdraws bid on 17:44 - Apr 30 by NorthernDale |
Why can't the board accept the help and support from Dunphy and his associates? As Dale fans we want whats best for the club and the board deserves credit for dealing with the shysters, but they are being either stupid in not accepting Dunphy's help.
I hope the board as the sense to reach out to Dunphy, but sadly I doubt it. |
It's possible that the main factor is having other bids waiting in the wings (which CD refers to) that might just enable a controlling interest to be acquired
If CD were to take up a tranche of the unsold shares, that might complicate things, but i hope he remains available to invest should any further bids not come to fruition
[Post edited 30 Apr 2023 17:58]
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| Dunphy withdraws bid on 18:02 - Apr 30 with 9988 views | Newbury_Dale |
If Chris was really serious about getting back involved in the running of the club then at the very least he would have repurchased the 75k shares he sold to the Yanks. There have been two (?) Share issues in recent history and he's not got involved with either. Clearly wanted something for nothing. | | | |
| Dunphy withdraws bid on 18:17 - Apr 30 with 9884 views | Sandyman |
| Dunphy withdraws bid on 17:34 - Apr 30 by dawlishdale |
I thought the Americans had bought the shares from CD , together with those owned by Bill Goodwin and also the estate of the late Paul Hazelhurst ? |
Source: Companies House 2017
Mr Dunphy held 46010 shares
Mr Hazelhurst held 16075 shares
Mr Goodwin held 12600 shares
74,685 shares in total. |  | | |
| Dunphy withdraws bid on 18:38 - Apr 30 with 9763 views | kel |
| Dunphy withdraws bid on 17:43 - Apr 30 by NigelWatson |
Simon Gauge has enjoyed good PR, so far. However, I suspect that this might be about to change. What motivates Mr. Gauge? Like everybody else, his actions will define him. Unfortunately, I can see Gauge driving RAFC into liquidation. I really hope that I am wrong. [Post edited 30 Apr 2023 17:44]
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Given that you almost always are, that fills me with a great deal of optimism. |  | | |
| Dunphy withdraws bid on 18:44 - Apr 30 with 9713 views | Trev |
Feel like the current board are going to remain in situ for an awfully long time if they want their money back before stepping aside. | | | |
| Dunphy withdraws bid on 19:06 - Apr 30 with 9603 views | Sheffield_dale |
| Dunphy withdraws bid on 18:44 - Apr 30 by Trev |
Feel like the current board are going to remain in situ for an awfully long time if they want their money back before stepping aside. |
And rightly so.
Why was it a surprise how much the BoD owned, it's pretty common knowledge how many shares they have.
Seems silly to have put that statement of intent so publicly without having basic knowledge. He is either not too bright or assumed he is entitled to walk in on cheaper terms.
If he cared as much as his amateur statements suggest then why not buy a decent share, work alongside the board and change it from within. Sorry but what a circus he's created | | | |
| Dunphy withdraws bid on 19:08 - Apr 30 with 9584 views | Clivert |
Even Graham Barrow couldn't beat me, this board have. |  | | |
| Dunphy withdraws bid on 19:35 - Apr 30 with 9458 views | 49thseason |
| Dunphy withdraws bid on 19:06 - Apr 30 by Sheffield_dale |
And rightly so.
Why was it a surprise how much the BoD owned, it's pretty common knowledge how many shares they have.
Seems silly to have put that statement of intent so publicly without having basic knowledge. He is either not too bright or assumed he is entitled to walk in on cheaper terms.
If he cared as much as his amateur statements suggest then why not buy a decent share, work alongside the board and change it from within. Sorry but what a circus he's created |
Exactly, the whole episode has been laughable. To turn up minutes after relegstion with a plan that turns out to be a scribble on the back of a fag packet was patently ludicrous. Lets hope the other potential investors have actually done some homework. |  | | |
| Dunphy withdraws bid on 19:38 - Apr 30 with 9433 views | James1980 |
I'm guessing he speaks for the whole 'consortium' | |
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| Dunphy withdraws bid on 19:40 - Apr 30 with 9418 views | D_Alien |
| Dunphy withdraws bid on 19:08 - Apr 30 by Clivert |
Even Graham Barrow couldn't beat me, this board have. |
There's a danger the fanbase is being split into two different factions on this
I'm very much still pro-Simon Gauge, but the messaging coming out of the club (not to say briefings) has been damaging
I just feel very sad it's come to this, as it really needn't have happened. Whatever mistakes have been made from a footballing perspective, can and should be forgiven, given their inexperience. I've had "frank exchanges of views" with those who were lambasting them without thought to their saving of the club
But whilst i agree CD should have been more savvy in his approach, to those who've dissed him, the old phrase comes to the fore - be careful, be bloody careful - what you wish for
[Post edited 30 Apr 2023 19:46]
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| Dunphy withdraws bid on 19:45 - Apr 30 with 9379 views | Sheffield_dale |
| Dunphy withdraws bid on 19:40 - Apr 30 by D_Alien |
There's a danger the fanbase is being split into two different factions on this
I'm very much still pro-Simon Gauge, but the messaging coming out of the club (not to say briefings) has been damaging
I just feel very sad it's come to this, as it really needn't have happened. Whatever mistakes have been made from a footballing perspective, can and should be forgiven, given their inexperience. I've had "frank exchanges of views" with those who were lambasting them without thought to their saving of the club
But whilst i agree CD should have been more savvy in his approach, to those who've dissed him, the old phrase comes to the fore - be careful, be bloody careful - what you wish for
[Post edited 30 Apr 2023 19:46]
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He obviously would have had no money to put in even if he did get a cheap deal. Would stability/success be a guarantee with CD back? From the level of competence of this charade he's created I would say not. | | | |
| Dunphy withdraws bid on 19:52 - Apr 30 with 9297 views | D_Alien |
| Dunphy withdraws bid on 19:45 - Apr 30 by Sheffield_dale |
He obviously would have had no money to put in even if he did get a cheap deal. Would stability/success be a guarantee with CD back? From the level of competence of this charade he's created I would say not. |
Of course he had money to put in
As he stated, he was looking to acquire "new shares" (his words)
He was also looking to take control, but like others i'm surprised/dismayed that he wasn't aware how much financial input would be required to achieve this - and to rightly recompense those who bought out the MH shares
The "be careful what you wish for" aspect is simply about the club being thrust into a potential ownership void again, rather than having someone who's known to us all
Is that what anyone would wish for? | |
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| Dunphy withdraws bid on 19:54 - Apr 30 with 9285 views | Clivert |
The current board are inept. We all want what's best for the club but I'm getting to the point where I don't believe that they do. | | | |
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