103 replies to this topic

[lingard]

Very intreseting. Hope Griff is not too jealous when the blue flag is flying high!

I'm loving this.

[Griff]

Very intreseting. Hope Griff is not too jealous when the blue flag is flying high!

Had a big backer once. He put £4m in. Won the Cup, lost the club.

On balance, I didn't like it.

You're welcome to your benefactor.

[Les Tonks Sidestep]

Cant be sold without it!

I know it can't be sold but there's other ways of 'selling'. Very uneasy about any 'investment' tied in with the land - I'm pretty sure the club's got itself into problems in the past using charges against the land. IMO ANY deal involving the land should be approved by the 'A' shareholders.

And, yes, Mark might be a shrewd business man in relation to his own company but all sense and reason tends to go out of the window when sports clubs are involved.

[pont rover]

From the official club site.

http://www.featherst...le.php?id=10169

[lingard]

Had a big backer once. He put £4m in. Won the Cup, lost the club.

On balance, I didn't like it.

You're welcome to your benefactor.

idiot

[thundergaz]

idiot

Lol but I agree.

[dydo]

Lol but I agree.

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[SLUGGY]

From the official club site.

http://www.featherst...le.php?id=10169

Oh dear, i fear the worst for you.

[Griff]

idiot

Yet - suddenly - a lot of folk are becoming toey about the land ..........

[thundergaz]

Yet - suddenly - a lot of folk are becoming toey about the land ..........

Griff FN can't have the land no matter how much money he as or how much he wants it. He can have a share in the land but all profits from the land have to go back into the club. We can only build on the land to benefit the club not FN.

[Robin Evans]

He can have the land if a majority of the A shareholders say he can!

[thundergaz]

He can have the land if a majority of the A shareholders say he can!

True robin but I heard ( don't know how true it is) that there was a clause in the contracts that the shareholders signed that the land could only be sold for the benefit of featherstone rovers and not for personal gain.

Edited by thundergaz, 07 January 2013 - 01:30 PM.

[Griff]

He can have the land if a majority of the A shareholders say he can!

Exactly.

[Griff]

True robin but I heard ( don't know how true it is) that there was a clause in the contracts that the shareholders signed that the land could only be sold for the benefit of featherstone rovers and not for personal gain.

So, can they sell the land for Featherstone Rovers and build some houses for themselves ?

Just asking, like. I'm an idiot, apparently, so I don't know ......

[thundergaz]

So, can they sell the land for Featherstone Rovers and build some houses for themselves ?

Just asking, like. I'm an idiot, apparently, so I don't know ......

I guess they could richie but as far as I know that's not the plan from what I've been told ( from a source) The land will be an income stream to featherstone rovers.

[Robin Evans]

True robin but I heard ( don't know how true it is) that there was a clause in the contracts that the shareholders signed that the land could only be sold for the benefit of featherstone rovers and not for personal gain.

Again, any clause in the constitution can be changed with a majority consent of the A shareholders!

[lingard]

He's becoming a share holder 'B' he can only hold 1 'A' share so any money put in to buy shares is only for 'B' shares. If the land is a target as some think then a business man is gambling in excess of £1,000,000 on ther chance that majority of 'A' share holders vote for any change in his favour.

Doesn't make sense to me....maybe he has our best intrests at heart.

[Griff]

Maybe he does.

[jamescolin]

I would hope that the (A) shareholders would get a say before any land was 'sold'

Good point. But does it also include partnerships? It is not necessary to go foward with a sale a partnership investment would achieve the same result.

[Maureen T-k]

True robin but I heard ( don't know how true it is) that there was a clause in the contracts that the shareholders signed that the land could only be sold for the benefit of featherstone rovers and not for personal gain.

I'm a shareholder of both A & B shares and this is news to me