| The (in)Famous Five 15:52 - Aug 21 with 6057 views | UpTheDaleNotForSale |
With the (fantastic) news breaking that the Morton House hostile takeover has fallen through, and they are looking to 'divest acquired shares as soon as possible'. we are left now looking at how do we move forward from here?
We don't believe any shares have actually legally changed hands, so with that in mind we have several shareholders left holding a decent proportion of the club without actually wanting it.
Andrew Kilpatrick
Dan Altman (Smarterscout)
Emre Marcelli (Smarterscout)
Graham Rawlinson (Westrose Leisure Ltd)
David
We are also left with Andrew Kelly who, now MH are pulling out, can hopefully complete his generous offer to transfer his shares to the Trust with monies paid to the football club.
Clearly the shares are not worth the up to £10 each that was offered... at a maximum they are probably worth £2; so the focus now must shift onto securing enough of these shares to ensure we never fall into this situation again.
You would hope a deal could be struck with Kilpatrick to rescue as much of his Dad's legacy as possible by gifting his shares or (more likely) selling them at real market value to the club / board / trust / fans.
Dan & Emre you would hope won't want to be associated with what has gone on, and could be looking to rescue some credibility. They are in the business of football... the stench of what they have done with Dale could still follow them for a long time to come, so hopefully there is a deal to be done there.
If these can be done, and the share issue from the club happens, then this severly dilutes the shares held by Graham and David - making them effectively worthless.
Alternatively the shares could technically now be owned by Morton House, and we would have to do a deal with the devil to get them. You would think they are not in a position to make things worse and should therefore sell them at market value and maybe look at Jarvis to recoup any losses they may have incurred.
As we saw on Tuesday and again today, we are at our most vulnerable after scoring a goal. We need to be vigilant and put the same effort into securing these shares as we did into stopping the takeover. [Post edited 21 Aug 2021 15:53]
|  |
| Twitter : @DaleNotForSale
Facebook : facebook.com/upthedalenotforsale |
| |  |
| The (in)Famous Five on 22:06 - Aug 23 with 1161 views | RAFCBLUE |
| The (in)Famous Five on 12:01 - Aug 23 by fermin |
After my initial euphoria on Saturday this is now the worry in the cold light of day. We cannot really relax till those shares, particularly Kilpatrick's, are in safe hands. At this stage I just hope that the shares are now legally back with the original owners as negotiations with them will be easier than with Curran/Rose if they have actually paid well over the odds.
I don't know anything about Kilpatrick as a person but my hope is that if the shares are back in his hands he may be amenable to a reasonable deal from the club for some or all of his shares. If the deal with Curran/Rose is off he could reconsider his options in the light of all the opposition. |
There are couple of things to recall here.
First, these shareholders who Morton House did the deal with were prepared to sell the club down the river.
For themselves.
They were all prepared to take the 30 pieces of silver for their own ends and forget about the 100 years of league football and shaft this club into oblivion.
That can't and won't ever be forgotten.
Second, Andrew Simon Ashton Kilpatrick has done a lot of resigning this year - all in the public domain.
https://find-and-update.company-information.service.gov.uk/officers/JpEzR0-EIPeY
If he cared about Rochdale he would have never even set foot into the vipers den, but did and he left, shall we say, in a hurry.
https://www.rochdaleafc.co.uk/news/2021/february/statement_boardofdirectors/
Now "personal reasons" can mean quite a broad range of things in modern parlance but recalling that he was the Chairman when the original AGM/EGM motions were set in 2020 he has not done his legacy any favours. |  |
| |
| The (in)Famous Five on 10:05 - Aug 24 with 931 views | fermin |
| The (in)Famous Five on 22:06 - Aug 23 by RAFCBLUE |
There are couple of things to recall here.
First, these shareholders who Morton House did the deal with were prepared to sell the club down the river.
For themselves.
They were all prepared to take the 30 pieces of silver for their own ends and forget about the 100 years of league football and shaft this club into oblivion.
That can't and won't ever be forgotten.
Second, Andrew Simon Ashton Kilpatrick has done a lot of resigning this year - all in the public domain.
https://find-and-update.company-information.service.gov.uk/officers/JpEzR0-EIPeY
If he cared about Rochdale he would have never even set foot into the vipers den, but did and he left, shall we say, in a hurry.
https://www.rochdaleafc.co.uk/news/2021/february/statement_boardofdirectors/
Now "personal reasons" can mean quite a broad range of things in modern parlance but recalling that he was the Chairman when the original AGM/EGM motions were set in 2020 he has not done his legacy any favours. |
I take your point but I was thinking that his large shareholding is out of all proportion so is better being broken up a bit if we are planning ahead to reduce the risk of this happening again (with more competent people). |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
