| Morton House sell their shares. BUT.......... 11:28 - Sep 17 with 16182 views | SuddenLad |
From the frying pan..into the fire. Southall is as unsavoury as they come. [Post edited 17 Sep 2021 11:31]
|  |
| “It is easier to fool people, than to convince them that they have been fooled†|
| |  |
| Morton House sell their shares. BUT.......... on 12:08 - Sep 18 with 4335 views | D_Alien |
| Morton House sell their shares. BUT.......... on 11:14 - Sep 18 by DorkingDale |
Surely there's no way that AK would sell to this bloke? |
It's just a possibility that Morton House might have agreed with Southall not to allow the proxy on the AK shares to be revoked, as part of the deal they may have struck
Of course, that's purely speculative, but in the absence of movement with the AK shares everything stays on the table |  |
| |
| Morton House sell their shares. BUT.......... on 16:28 - Sep 18 with 4009 views | DorkingDale |
| Morton House sell their shares. BUT.......... on 12:08 - Sep 18 by D_Alien |
It's just a possibility that Morton House might have agreed with Southall not to allow the proxy on the AK shares to be revoked, as part of the deal they may have struck
Of course, that's purely speculative, but in the absence of movement with the AK shares everything stays on the table |
God forbid.... |  | | |
| Morton House sell their shares. BUT.......... on 16:31 - Sep 18 with 3996 views | DorkingDale |
| Morton House sell their shares. BUT.......... on 16:28 - Sep 18 by DorkingDale |
God forbid.... |
Would it be feasible for them to sell on 25% to an "ally", leaving them with 17% which they then try to increase to 26%, giving them control whilst both avoiding EFL approval? | | | |
| Morton House sell their shares. BUT.......... on 16:51 - Sep 18 with 3954 views | UpTheDaleNotForSale |
| Morton House sell their shares. BUT.......... on 16:31 - Sep 18 by DorkingDale |
Would it be feasible for them to sell on 25% to an "ally", leaving them with 17% which they then try to increase to 26%, giving them control whilst both avoiding EFL approval? |
This is a real risk... and Southall has a LOT of links with Bassini at multiple clubs. |  |
| Twitter : @DaleNotForSale
Facebook : facebook.com/upthedalenotforsale |
| |
| Morton House sell their shares. BUT.......... on 17:35 - Sep 18 with 3829 views | 442Dale |
| Morton House sell their shares. BUT.......... on 16:51 - Sep 18 by UpTheDaleNotForSale |
This is a real risk... and Southall has a LOT of links with Bassini at multiple clubs. |
What can be done to avoid this situation? |  |
| |
| Morton House sell their shares. BUT.......... on 18:51 - Sep 18 with 3659 views | 49thseason |
| Morton House sell their shares. BUT.......... on 17:35 - Sep 18 by 442Dale |
What can be done to avoid this situation? |
Dont sell them any shares. Dont forget, to date, there have been no share transfers so it seems no one has actually received any money. If theTrust can hang on to the 51% that have been promised to them, the black hats can't assume control . Without passing a fit and proper person test they can't gain control and there are rules about so- called "concert parties" ie groups of shareholders acting together to take over a company against the will of the directors and the other shareholders but I dont think Rochdale's Articles of Association allow for this situation and probably needs addressing. If we can see off the current problems. Also, it occurs to me that there is no devine right to a directorship simply because you are a major shareholder so there is no need to offer them a position on the board unless and until they get to 50%+1.
In short, the club either needs to find a genuine investor or needs to set about buying back as many shares from the rebels as possible and ending the uncertainty.
Or, are ther 1000 fans prepared to put £250 into a fund to try and buy out Kilpatrick and Rawlinson? |  | | |
| Morton House sell their shares. BUT.......... on 18:59 - Sep 18 with 3631 views | wozzrafc |
| Morton House sell their shares. BUT.......... on 18:51 - Sep 18 by 49thseason |
Dont sell them any shares. Dont forget, to date, there have been no share transfers so it seems no one has actually received any money. If theTrust can hang on to the 51% that have been promised to them, the black hats can't assume control . Without passing a fit and proper person test they can't gain control and there are rules about so- called "concert parties" ie groups of shareholders acting together to take over a company against the will of the directors and the other shareholders but I dont think Rochdale's Articles of Association allow for this situation and probably needs addressing. If we can see off the current problems. Also, it occurs to me that there is no devine right to a directorship simply because you are a major shareholder so there is no need to offer them a position on the board unless and until they get to 50%+1.
In short, the club either needs to find a genuine investor or needs to set about buying back as many shares from the rebels as possible and ending the uncertainty.
Or, are ther 1000 fans prepared to put £250 into a fund to try and buy out Kilpatrick and Rawlinson? |
Spot on, the sure way to prevent this is to control over 50% shares. AK shares seem to be pivotal at the moment.
I’m sure AK doesn’t want to sell to anyone who would put the club at risk. Hopefully the sale to the trust can be sorted or at the least Kelly keeps his shares and comits to not selling to anyone and stands behind the trust | | | |
| Morton House sell their shares. BUT.......... on 20:55 - Sep 18 with 3444 views | Crede_Sign0 |
| Morton House sell their shares. BUT.......... on 13:39 - Sep 17 by RAFCBLUE |
It's the Board who have to register shares and so far, from the many public annoucements, no share transfer forms have ever been presented.
It would not matter if they were.
The Board need EFL approval to register Morton House's 42% shareholding under the EFL rules and the EFL are currently conducting unconcluded disciplinary proceedings into the deal and why it completed WITHOUT EFL approval.
Until the EFL approve that deal, they can't approve any subsequent deal and any new owner from Morton House (Matt Southall) or otherwise would need to be accredited if they wanted to run the club or otherwise there are a minority partner.
Remember, Andrew Kilpatrick as the largest individual shareholder had 22%. That's an illiquid unquoted investment which is hard to turn back into cash, particularly with the world and the EFL watching closely. |
So is it possible to fail the EFL fit and proper test, but still be allowed to own a significant number of shares in a club - provided its under the 30%?
If Morton House have been deemed not fit and proper - doesn’t that render the transactions (at whatever stage they are/were) void?
And I recall Simon at the AGM, saying something along the lines that despite where the sale of shares were at the time (far from complete was my sense) if we were to hold an EAGM - they’d have the nod to vote on those shares….
If we held an EAGM now I reckon we’d need to hold it in an aircraft hanger to accommodate all the interested parties.
Shister investors presumably realise that the our stadium name is not reference to some untapped geological phenomena?
Mystified and concerned | | | |
Login to get fewer ads
| Morton House sell their shares. BUT.......... on 23:01 - Sep 18 with 3238 views | joecooke |
| Morton House sell their shares. BUT.......... on 17:35 - Sep 18 by 442Dale |
What can be done to avoid this situation? |
Hitman  |  |
| |
| Morton House sell their shares. BUT.......... on 23:43 - Sep 18 with 3175 views | R17ALE |
| Morton House sell their shares. BUT.......... on 23:01 - Sep 18 by joecooke |
Hitman |
Sadly, we have a former CEO who has an important list of shareholders who is hawking his list to the highest bidder. 1. Someone he met at Swindon. Failed. Now someone he met at Charlton travelling with the bloke who was there telling us there was another match in earshot. Guess who! 4-4 draw I think.
Who next is in the former CEO phone book? Probably some coont he's met along the way in League 1.
The only hope is to see the former CEO locked up. But other fans would rather harsher punishment I hear on the terraces. |  |
| |
| Morton House sell their shares. BUT.......... on 01:11 - Sep 19 with 3098 views | DorkingDale |
| Morton House sell their shares. BUT.......... on 16:51 - Sep 18 by UpTheDaleNotForSale |
This is a real risk... and Southall has a LOT of links with Bassini at multiple clubs. |
Hell's Bells. Thankfully the Trust have worked so tirelessly to pull in all the small shareholders. It could really go to the wire .... scary days again for us all. | | | |
| Morton House sell their shares. BUT.......... on 09:04 - Sep 19 with 2895 views | kel |
| Morton House sell their shares. BUT.......... on 23:43 - Sep 18 by R17ALE |
Sadly, we have a former CEO who has an important list of shareholders who is hawking his list to the highest bidder. 1. Someone he met at Swindon. Failed. Now someone he met at Charlton travelling with the bloke who was there telling us there was another match in earshot. Guess who! 4-4 draw I think.
Who next is in the former CEO phone book? Probably some coont he's met along the way in League 1.
The only hope is to see the former CEO locked up. But other fans would rather harsher punishment I hear on the terraces. |
Funny how that poster has disappeared since you challenged them isn’t it? Almost exactly the same as when JPSdale did a vanishing act when a certain somebody was challenged on it.
I don’t believe in coincidences, and anybody who has helped the Oldham fan hawk this club around is a disgrace. [Post edited 19 Sep 2021 9:06]
|  | | |
| Morton House sell their shares. BUT.......... on 12:08 - Sep 19 with 2621 views | judd |
| Morton House sell their shares. BUT.......... on 16:51 - Sep 18 by UpTheDaleNotForSale |
This is a real risk... and Southall has a LOT of links with Bassini at multiple clubs. |
Bassini is a double bankrupt with rows of skeleton-bearing cupboards.
His DNA is to borrow. His source of funding will probably fail at EFL should he become involved. |  |
| |
| Morton House sell their shares. BUT.......... on 12:14 - Sep 19 with 2604 views | kel |
How did ‘love the dale’ manage to vote down R17’s post when he claimed he was putting him “back on ignore.”
Can set my watch to some of this lot. | | | |
| Morton House sell their shares. BUT.......... on 12:26 - Sep 19 with 2569 views | judd |
| Morton House sell their shares. BUT.......... on 12:14 - Sep 19 by kel |
How did ‘love the dale’ manage to vote down R17’s post when he claimed he was putting him “back on ignore.”
Can set my watch to some of this lot. |
That there are people still associated with this club prepared to deny the truth is truly saddening.
You have to wonder if the repugnant former CE has access to inside information still. | |
| |
| Morton House sell their shares. BUT.......... on 12:37 - Sep 19 with 2532 views | kel |
| Morton House sell their shares. BUT.......... on 12:26 - Sep 19 by judd |
That there are people still associated with this club prepared to deny the truth is truly saddening.
You have to wonder if the repugnant former CE has access to inside information still. |
It’s very sad and one would hope that eventually some people will value their jobs (or positions) over loyalty to that odious, cheating BIFFO.
Until they do though - and keep giving themselves away with less than intelligent contributions - then it will get called out. The internet is a big place and if you phrase something correctly on google (for example) than things become a little more obvious.
I mentioned the other week about a stench of Bottomley remaining and I stand by it. I believe the Señoritas have given us a slight break from part of the smell for a few days though. | | | |
| Morton House sell their shares. BUT.......... on 13:12 - Sep 19 with 2455 views | 49thseason |
Does anyone know if all the staff have been " reminded" regarding the transmission of private and personal information or data to entities outside the building?
You would imagine that a modern Contract of Employment would have inbuilt clauses regarding data protection and the consequences of not following guidelines but I guess this might involve updating the CoE for some people?
Probably not at the top of the Board's agenda, but "a house divided" and all that.....the last thing needed at the moment are Quislings. | | | |
| Morton House sell their shares. BUT.......... on 13:23 - Sep 19 with 2424 views | D_Alien |
| Morton House sell their shares. BUT.......... on 13:12 - Sep 19 by 49thseason |
Does anyone know if all the staff have been " reminded" regarding the transmission of private and personal information or data to entities outside the building?
You would imagine that a modern Contract of Employment would have inbuilt clauses regarding data protection and the consequences of not following guidelines but I guess this might involve updating the CoE for some people?
Probably not at the top of the Board's agenda, but "a house divided" and all that.....the last thing needed at the moment are Quislings. |
Not all former acolytes of DB who remain at the club would necessarily have contracts of employment or be regarded as staff, but they'd certainly have regulations which go with their roles | |
| |
| Morton House sell their shares. BUT.......... on 13:25 - Sep 19 with 2413 views | kel |
| Morton House sell their shares. BUT.......... on 13:23 - Sep 19 by D_Alien |
Not all former acolytes of DB who remain at the club would necessarily have contracts of employment or be regarded as staff, but they'd certainly have regulations which go with their roles |
Indeed. It’s well known Steve Eyre has his own little errand boy at the club and how many years is it since he left?
It’s gone on for years and needs nipping in the bud. | | | |
| Morton House sell their shares. BUT.......... on 13:43 - Sep 19 with 2351 views | judd |
| Morton House sell their shares. BUT.......... on 13:23 - Sep 19 by D_Alien |
Not all former acolytes of DB who remain at the club would necessarily have contracts of employment or be regarded as staff, but they'd certainly have regulations which go with their roles |
What rankles with me still is the withering "10% of a small number is a small number" defence of Bottomleys excessive and avaricious pay rise, at the AGM. | |
| |
| Morton House sell their shares. BUT.......... on 13:53 - Sep 19 with 2321 views | James1980 |
| Morton House sell their shares. BUT.......... on 13:23 - Sep 19 by D_Alien |
Not all former acolytes of DB who remain at the club would necessarily have contracts of employment or be regarded as staff, but they'd certainly have regulations which go with their roles |
Probably wise if any current employees of the club were to remove DB as one of their references on their CV. | |
| |
| Morton House sell their shares. BUT.......... on 14:48 - Sep 19 with 2191 views | Shun |
Could anybody explain please what the hold up is in the Trust purchasing AK’s shares? If they do that will they own over 50%? |  | | |
| Morton House sell their shares. BUT.......... on 14:55 - Sep 19 with 2158 views | judd |
| Morton House sell their shares. BUT.......... on 14:48 - Sep 19 by Shun |
Could anybody explain please what the hold up is in the Trust purchasing AK’s shares? If they do that will they own over 50%? |
The Trust acquisition of AKs shares will give them.a.c. 12% shareholding I think.
The last hold up was a legal challenge from Messrs Curren and Rose. Unsure where their withdrawal leaves this challenge. | |
| |
| Morton House sell their shares. BUT.......... on 15:08 - Sep 19 with 2101 views | 49thseason |
| Morton House sell their shares. BUT.......... on 13:23 - Sep 19 by D_Alien |
Not all former acolytes of DB who remain at the club would necessarily have contracts of employment or be regarded as staff, but they'd certainly have regulations which go with their roles |
That would seem to imply that there are "volunteers" or similar who have access to information that they might not be expected or entitled to have or are being fed such information by people who do legitimately have access to information.
All this flies in the face of " Team Rochdale" and needs sorting. | | | |
| Morton House sell their shares. BUT.......... on 15:27 - Sep 19 with 2046 views | Dalenet |
| Morton House sell their shares. BUT.......... on 13:43 - Sep 19 by judd |
What rankles with me still is the withering "10% of a small number is a small number" defence of Bottomleys excessive and avaricious pay rise, at the AGM. |
What rankles me is the role Andrew Kilpatrick has had in all of this. I am not close to people in the know, but he is the key to where we are even if Bottomley was the architect of the plan.
He was elected Chair for just over two years. His shares were a legacy from his father. Nobody expected him to bail out the club and I have no idea whether he did during covid. But he resigned unexpectedly in February. Does anybody know whether he walked away because they couldn't find a buyer or did he walk away because of a power struggle in the Board room driven by Bottomley? If he always wanted to sell his shares, why to somebody like the Essex boys? If he walked away in frustration maybe he decided to sell his shares because he couldn't tolerate the Board? But surely this outcome wasn't what his father would have wanted?
If he hadn't been open to sell the shares the takeover threats wouldn't be real. His shareholding is a deciding factor over any other. What really went on for him to do that? [Post edited 19 Sep 2021 15:29]
| | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
