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103 replies to this topic

#41 lingard

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Posted 07 January 2013 - 10:24 AM

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

I'm loving this.
I demand to have some booze, I want it here and I want it now!

#42 Griff

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Posted 07 January 2013 - 10:58 AM

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.

"We'll sell you a seat .... but you'll only need the edge of it!"
 


#43 Les Tonks Sidestep

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Posted 07 January 2013 - 12:39 PM

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.

#44 pont rover

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Posted 07 January 2013 - 12:39 PM

From the official club site.

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

#45 lingard

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Posted 07 January 2013 - 12:58 PM

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
I demand to have some booze, I want it here and I want it now!

#46 thundergaz

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Posted 07 January 2013 - 01:03 PM

idiot


Lol but I agree.

#47 dydo

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Posted 07 January 2013 - 01:07 PM

Lol but I agree.

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#48 SLUGGY

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Posted 07 January 2013 - 01:12 PM

From the official club site.

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


Oh dear, i fear the worst for you.

#49 Griff

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Posted 07 January 2013 - 01:20 PM

idiot


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

"We'll sell you a seat .... but you'll only need the edge of it!"
 


#50 thundergaz

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Posted 07 January 2013 - 01:22 PM

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.

#51 Robin Evans

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Posted 07 January 2013 - 01:26 PM

He can have the land if a majority of the A shareholders say he can!
"I love our club, absolutely love it". (Overton, M 2007)

#52 thundergaz

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Posted 07 January 2013 - 01:29 PM

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.


#53 Griff

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Posted 07 January 2013 - 01:33 PM

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


Exactly. B)

"We'll sell you a seat .... but you'll only need the edge of it!"
 


#54 Griff

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Posted 07 January 2013 - 01:34 PM

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 ? :mellow:

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

"We'll sell you a seat .... but you'll only need the edge of it!"
 


#55 thundergaz

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Posted 07 January 2013 - 01:37 PM

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

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.

#56 Robin Evans

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Posted 07 January 2013 - 01:37 PM

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!
"I love our club, absolutely love it". (Overton, M 2007)

#57 lingard

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Posted 07 January 2013 - 01:55 PM

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.
I demand to have some booze, I want it here and I want it now!

#58 Griff

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Posted 07 January 2013 - 02:00 PM

Maybe he does.

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#59 jamescolin

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Posted 07 January 2013 - 02:08 PM

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.

#60 Maureen T-k

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Posted 07 January 2013 - 04:25 PM

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
Im Fev and im proud




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