| The Athletic 08:54 - Mar 1 with 4548 views | HullDale |
Latest article here:
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| The Athletic on 09:09 - Mar 1 with 4488 views | HullDale |
Some key nuggets:
- Southall is now formally an advisor for MH, and wants to get back into football;
- Southall and Bottomley tried to buy shares in the recent share issue;
- It looks like Safouane is the Argos guy;
- Curran is now holed up in Dubai | | | |
| The Athletic on 09:49 - Mar 1 with 4365 views | James1980 |
'if you invest £1.2 million in a company, you’re within your rights to protect that investment' quote by Southall
Excuse me but MH haven't invested a penny in the club. |  |
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| The Athletic on 09:56 - Mar 1 with 4347 views | DaleiLama |
| The Athletic on 09:09 - Mar 1 by HullDale |
Some key nuggets:
- Southall is now formally an advisor for MH, and wants to get back into football;
- Southall and Bottomley tried to buy shares in the recent share issue;
- It looks like Safouane is the Argos guy;
- Curran is now holed up in Dubai |
Taken from Gov website:
https://opengovuk.com/company/03779852
Mr Faical Safouane
New London House 6 London Street
London EC3R 7LP England
(Notified on 2021-08-20) individual person with significant control
ownership of shares 75 to 100 percent, voting rights 75 to 100 percent, right to appoint and remove directors
Argos position currently open:
Job Title: Team Manager - Days
Location: Stoke
Contracted hours: Full time/ Part time/ Job Share - flexible working requests will be considered – so you tell us what you can work, and we’ll try our best to accommodate it
Shift Pattern: You will work a combination of 6am-2pm & 2pm-10pm shifts — this will rotate on a week-by-week basis with advance notice. You may also be required to work occasional nights.
Contract Type: Permanent
Salary: Up to £25k
If you’re into the kind of leadership that builds a diverse and inclusive team, dedicated to helping our customers be ready for whatever life throws at them, you’ll fit right in as a Team Manager for our new Local Fulfilment Centre. As the Team Manager, you’ll be leading the team within the new operation, working with teams from across our business to make our new site a success.
There must be a huge London weighting for Argos darn sarf to allow enough of a pot to have been amassed to fund a hostile takeover of a L2 club then? I hope none of Andy's bad habits have rubbed off to jeopardise the diverse and inclusive aspect of the role, if he has ownership aspirations? The FA don't like that kind of thing either. [Post edited 1 Mar 2022 10:11]
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| The Athletic on 10:58 - Mar 1 with 4192 views | TomRAFC |
Loads of interesting detail in here.
I'm not sure how Morton House can expect anyone to buy shares off them, given that they haven't been transferred into their ownership by the club. [Post edited 1 Mar 2022 13:04]
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| The Athletic on 12:48 - Mar 1 with 3980 views | wozzrafc |
| The Athletic on 09:49 - Mar 1 by James1980 |
'if you invest £1.2 million in a company, you’re within your rights to protect that investment' quote by Southall
Excuse me but MH haven't invested a penny in the club. |
And that’s he crooks of the case there!! They didn’t invest 1.2 million into the company. They spent 1.2 million to try and buy a controlling stake in the company and failed!! They haven’t invested a penny in Rochdale AFC | | | |
| The Athletic on 13:53 - Mar 1 with 3796 views | judd |
| The Athletic on 12:48 - Mar 1 by wozzrafc |
And that’s he crooks of the case there!! They didn’t invest 1.2 million into the company. They spent 1.2 million to try and buy a controlling stake in the company and failed!! They haven’t invested a penny in Rochdale AFC |
Hope that's a genuine typo |  |
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| The Athletic on 14:15 - Mar 1 with 3746 views | DaleiLama |
| The Athletic on 13:53 - Mar 1 by judd |
Hope that's a genuine typo |
It's magnificent! | |
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| The Athletic on 16:56 - Mar 1 with 3521 views | wozzrafc |
| The Athletic on 14:15 - Mar 1 by DaleiLama |
It's magnificent! |
I wish I could claim it was intentional,…………probably was subconsciously!!!!
Always thought they were a couple of crux!!! | | | |
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| The Athletic on 17:01 - Mar 1 with 3511 views | DaleiLama |
| The Athletic on 16:56 - Mar 1 by wozzrafc |
I wish I could claim it was intentional,…………probably was subconsciously!!!!
Always thought they were a couple of crux!!! |
The definition of Freudian slip! | |
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| The Athletic on 18:12 - Mar 1 with 3363 views | NorthernDale |
So the basis of their case is that they wish to protect their £1.2 million investment, so the argument is based on a flawed argument. They did not spend £1.2 million on shares, but this figure included other costs and their investment is not being impacted on, in that they still own the shares in theory. As other people have said they put not a single penny into the club and officially under EFL rules they do not actually own the shares, because they are meant to register the paperwork for approval via the club, which they have failed to do so far. Another lie from them, in respect to the investment.
They may claim that the new share issue reduced their share ownership, but the share issue was approved by the board and crucially the share holders, and was totally legal. They could have voted against it, oh! they did not officially own the shares, because they did not submit the paperwork to the club and so they could not vote on the issue. So that was their fault, not the directors or the fans.
One question is why would Bottomley seek to buy shares, when the toad sold his originally shares to the shysters , so the board had the right under those circumstances to reject his share bid. The board had the same right with Southall based on his actions at Charlton and his aims for Rochdale. I like the word 'investment', which to me, indicates to me they wanted to takeover the Dale to make money and we all know what this means, passing the purchase costs onto the books of the club and using us as a cash cow, and doing to us what Day and Dale did to Bury. Crucially the shareholders have the right to reject any takeover and do have to accept one like sheep, crucially the cost is theirs in that they took a gamble on the takeover attempt and lost the gamble.
Their case seems weak to say the least. [Post edited 2 Mar 2022 6:24]
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| The Athletic on 19:32 - Mar 1 with 3204 views | Dale_4_Life |
| The Athletic on 18:12 - Mar 1 by NorthernDale |
So the basis of their case is that they wish to protect their £1.2 million investment, so the argument is based on a flawed argument. They did not spend £1.2 million on shares, but this figure included other costs and their investment is not being impacted on, in that they still own the shares in theory. As other people have said they put not a single penny into the club and officially under EFL rules they do not actually own the shares, because they are meant to register the paperwork for approval via the club, which they have failed to do so far. Another lie from them, in respect to the investment.
They may claim that the new share issue reduced their share ownership, but the share issue was approved by the board and crucially the share holders, and was totally legal. They could have voted against it, oh! they did not officially own the shares, because they did not submit the paperwork to the club and so they could not vote on the issue. So that was their fault, not the directors or the fans.
One question is why would Bottomley seek to buy shares, when the toad sold his originally shares to the shysters , so the board had the right under those circumstances to reject his share bid. The board had the same right with Southall based on his actions at Charlton and his aims for Rochdale. I like the word 'investment', which to me, indicates to me they wanted to takeover the Dale to make money and we all know what this means, passing the purchase costs onto the books of the club and using us as a cash cow, and doing to us what Day and Dale did to Bury. Crucially the shareholders have the right to reject any takeover and do have to accept one like sheep, crucially the cost is theirs in that they took a gamble on the takeover attempt and lost the gamble.
Their case seems weak to say the least. [Post edited 2 Mar 2022 6:24]
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Excellent post.
Pitifully weak to almost non existent is the claim.
The club and the board and the Trust and the fans!!! To a man have done nothing wrong.
Bottomley is lower than a snakes belly - what a knob putting in an application for more shares. | | | |
| The Athletic on 20:51 - Mar 1 with 3033 views | RAFCBLUE |
| The Athletic on 19:32 - Mar 1 by Dale_4_Life |
Excellent post.
Pitifully weak to almost non existent is the claim.
The club and the board and the Trust and the fans!!! To a man have done nothing wrong.
Bottomley is lower than a snakes belly - what a knob putting in an application for more shares. |
Another piece of evidence, another nail in the coffin of the unholy alliance of Jarvis, Southall, Curran and Bottomley.
Some snippets from the Athletic:
"Court papers say Southall and former chief executive David Bottomley had applications to purchase shares rejected by the club, along with Oliver Upton and Mark Jones, two associates of Southall. Morton House argues"
1) So someone has sent the papers to the Athletic. Wonder who that might be?
2) Why is David Bottomley attempting to buy shares in the Autumn 2021 when he is considered in the shareholders who sold to Morton House in July 2021?
3) Who are Oliver Upton and Mark Jones and what makes them "associates" of Matthew Southall
4) Why are all of these applications in the name of individuals and not of Morton House? You can only assume its to get around the EFL's rules.
Former Charlton Athletic chief executive Matt Southall is formally working as an advisor to the firm that agreed to buy a 42.3 per cent shareholding last summer.
5) Why is an advisor to a firm that said it was looking to "divest its shares at the earliest opportunity" conflicting in its behaviour by asking someone who is "formally working as its advisor" to by shares?
6) How have the EFL rules been followed here? Did Southall tell the EFL he was offering to buy shares whilst working for Morton House? I am sure that there are rules about that.
7) Matthew Southall was announced via the Manchester Evening News article by Nick Jackson that he had "struck a deal to buy a 25 per cent stake in League Two football club Rochdale AFC.". That was on the 29th September 2021. Given the EGM was not until October how does a subsequent application for shares fit with the EFL's rules on control? Did Southall advise the EFL he was making the application under those rules.
If you invest £1.2 million in a company, you’re within your rights to protect that investment.
8) It is very unclear who is in control of these shares - either is it Morton House or it is Matthew Southall. It can't be both. Morton House has sued the Trust and Dale fans. Are the EFL clear under those rules of who was and now is in control of those shares and their ownership?
The Athletic asked Safouane if he was the same person but, according to Southall, declined to comment on that and other questions put forward. Safouane’s email address at Morton House is spelt as “Faisal” rather than the “Faical” registered as Companies House.
9) Given Faical is a Relevant Person under the EFL tests what is his fear of facing the press and the spotlight?
10) Why is Faisal spelling his name Faical at Companies House and Faisal for his email address?
Now it is Southall front and centre and his history is doing little to calm fans. Southall was chief executive at Charlton during one of the club’s most turbulent spells and left under a cloud. By the summer of 2020 he was ordered to pay £21,000 costs after admitting to unlawfully changing the status of directors at the club’s parent company, East Street Investments.
Southall is deeply unpopular in south London, a fact borne out by the number of donations to Rochdale’s crowd-funding page from Charlton supporters. There is, though, an interest in returning to football’s front line.
“It is like a drug,” says Southall. “I feel like I’ve got a point to prove after my time at Charlton. I want to show I was wronged.”
11) Have the EFL viewed this statement and its context against their rules?
Lots of questions but one thing is certain;
29th April 2021 - Bottomley, Southall, Curran and Jarvis ALL at Spotland for a meeting.
FAT PAT - WE SALUTE YOU!
Meanwhile, if you have information that you believe can answer the questions above the address to write to is:
Investigations department
EFL House,
10-12 West Cliff,
Preston,
PR1 8HU |  |
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| The Athletic on 22:32 - Mar 1 with 2883 views | DorkingDale |
| The Athletic on 09:09 - Mar 1 by HullDale |
Some key nuggets:
- Southall is now formally an advisor for MH, and wants to get back into football;
- Southall and Bottomley tried to buy shares in the recent share issue;
- It looks like Safouane is the Argos guy;
- Curran is now holed up in Dubai |
So Curran's scarpered to Dubai eh? Maybe the pain of not being able to go for few pints at the footy became too much for him ....or maybe he needs some space?
Dubai seems to be the holiday destination of choice for this lot - wonder what draws them there? | | | |
| The Athletic on 14:52 - Mar 2 with 2445 views | Plattyswrinklynuts |
| The Athletic on 22:32 - Mar 1 by DorkingDale |
So Curran's scarpered to Dubai eh? Maybe the pain of not being able to go for few pints at the footy became too much for him ....or maybe he needs some space?
Dubai seems to be the holiday destination of choice for this lot - wonder what draws them there? |
The chance to meet up with “like minded individuals” perhaps? Away from the prying eyes of football fans & chip shop staff? Or maybe it’s just to top up those perma tans… |  | | |
| The Athletic on 14:55 - Mar 2 with 2439 views | judd |
Morton House had current assets of £16,254 in their accounts y/e 2019
Ownership of shares transferred to our old fiend Denise with no increase in paid up share capital
2020 current assets of £4,165,537 with £4,002,537 in creditors
2021 £1,784,449 cash at bank and £2,961,848 in creditors, including £638,403 owing in taxation & social security costs. (Did HMRC ever receive this sum?)
In 2019 accounts they had 2 employees.
In 2020 accounts they had 2 employees.
In 2021 accounts they had 6 employees and re-stated 2020 employees as 4.
In 2021 accounts they had £1,262,800 in "investments"
Why wouldn't we want to get involved with Matt's , erm, Morton House's directors?
Our former director and employee did a sterling job unearthing this cash cow, it would seem. | |
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| The Athletic on 15:07 - Mar 2 with 2385 views | TomRAFC |
| The Athletic on 14:55 - Mar 2 by judd |
Morton House had current assets of £16,254 in their accounts y/e 2019
Ownership of shares transferred to our old fiend Denise with no increase in paid up share capital
2020 current assets of £4,165,537 with £4,002,537 in creditors
2021 £1,784,449 cash at bank and £2,961,848 in creditors, including £638,403 owing in taxation & social security costs. (Did HMRC ever receive this sum?)
In 2019 accounts they had 2 employees.
In 2020 accounts they had 2 employees.
In 2021 accounts they had 6 employees and re-stated 2020 employees as 4.
In 2021 accounts they had £1,262,800 in "investments"
Why wouldn't we want to get involved with Matt's , erm, Morton House's directors?
Our former director and employee did a sterling job unearthing this cash cow, it would seem. |
Had his money, not yet had his shares transferred via the club, lovely new job at KFC Fylde... What do you mean I can't buy more shares? I'm facing legal action? Bugger... | |
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| The Athletic on 16:29 - Mar 2 with 2309 views | wozzrafc |
| The Athletic on 14:55 - Mar 2 by judd |
Morton House had current assets of £16,254 in their accounts y/e 2019
Ownership of shares transferred to our old fiend Denise with no increase in paid up share capital
2020 current assets of £4,165,537 with £4,002,537 in creditors
2021 £1,784,449 cash at bank and £2,961,848 in creditors, including £638,403 owing in taxation & social security costs. (Did HMRC ever receive this sum?)
In 2019 accounts they had 2 employees.
In 2020 accounts they had 2 employees.
In 2021 accounts they had 6 employees and re-stated 2020 employees as 4.
In 2021 accounts they had £1,262,800 in "investments"
Why wouldn't we want to get involved with Matt's , erm, Morton House's directors?
Our former director and employee did a sterling job unearthing this cash cow, it would seem. |
I would assume the 1.2million assets refers to their shares in Rochdale.
Well they are only worth what people will pay for them. That’s a long way short or 1.2 million now | | | |
| The Athletic on 18:13 - Mar 2 with 2130 views | mikehunt |
| The Athletic on 17:01 - Mar 1 by DaleiLama |
The definition of Freudian slip! |
…… is actually “a Freudian slit”. 😀 |  |
| The worm of time turns not for the cuckoo of circumstance. |
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| The Athletic on 23:41 - Mar 2 with 1893 views | Sandyman |
Who can ever believe a word The Charlton Charlatan utters? If he says someone is in Dubai, more likely said individual is in Filey. The Charlton Charlatan has threatened this and that whilst sniffing around RAFC and none of it has come to fruition. Empty words.
Brilliantly documented evidence from the fine fans of Charlton Athletic indicate the same methods.
Shhh. Don't tell anybody, but if The Charlton Charlatan says it's poo, it's really wee wee. |  | | |
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