Rumour

[Polar Bear]

First you were talking about a decision to sack the manager - which i think would be a day-to-day decision taken by directors - and now you are talking about the decision to sell the club, on which you are absolutely right. The crossover is where, as you say, a Glazer or Murdoch-type effectively own the whole shebang, in which case they can call their own EGM and use their shares to vote out directors they're unhappy with. A club with multiple shareholders could do the same thing, didn't it happen with the gang of 4? Both Silverfox and Sharapova should know the ins and outs of this?

IMHO there is a bloody good reason for the constitution stating that the club cannot have a sole owner, and it can be explained by reference to those clubs like Chesterfield, Brighton and Doncaster who have been completely shafted by unscrupulous individuals. Would anyone want to be in Hearts' position now? Really? Or have a twat like Paul Scally in charge?

 

[Real Sharapova]

First you were talking about a decision to sack the manager - which i think would be a day-to-day decision taken by directors - and now you are talking about the decision to sell the club, on which you are absolutely right. The crossover is where, as you say, a Glazer or Murdoch-type effectively own the whole shebang, in which case they can call their own EGM and use their shares to vote out directors they're unhappy with. A club with multiple shareholders could do the same thing, didn't it happen with the gang of 4? Both Silverfox and Sharapova should know the ins and outs of this?

IMHO there is a bloody good reason for the constitution stating that the club cannot have a sole owner, and it can be explained by reference to those clubs like Chesterfield, Brighton and Doncaster who have been completely shafted by unscrupulous individuals. Would anyone want to be in Hearts' position now? Really? Or have a twat like Paul Scally in charge?

I believe that the present set-up of the club puts a ceiling on any individual shareholding, which I think is fine. I would rather the club being owned by many of the great and good of Leicestershire, rather than being in the hands of one megalomaniac.

 

[SilverFox]

But maniacs can be fun. With their evil plans, etc.:icon_lol: I'm not suggesting a dictatorship, I was just speculating on the possibility of a takeover, and the consequences, but since it is just a nonsense rumour I think we can put it to bed.

Thankyou for joining us for remedial business. Next week we will be discussing advanced physics, join us again.:icon_lol:

 

[Real Sharapova]

Oh purlease:icon_eek: Company Law is bad enough, but trying to remember my A level physics:icon_cry:

 

[PFKAKTF FOX]

But maniacs can be fun. With their evil plans, etc.:icon_lol: I'm not suggesting a dictatorship, I was just speculating on the possibility of a takeover, and the consequences, but since it is just a nonsense rumour I think we can put it to bed.

Thankyou for joining us for remedial business. Next week we will be discussing advanced physics, join us again.:icon_lol:

I think we have had enough of a rollercoaster ride over the last 4 years or so without being taken over by some crazed power monkey. Surely as well this person would have been around 4 years ago, why didnt he put his money in then when the club was on the brink ?

 

[Foxes_Trust]

Yes the rumour is still rubbish, we attended the LCFC Board Meeting on the morning of the Saints game & the clubs AGM after the game. No takeover was mentioned at either meeting.

The shareholders would have to pass any takeover with a high % in favour for it to go through (would need to re-read to confirm %, it would at least be 75%). No individual shareholder can hold more than 9.6% of the shares as written in the clubs constitution

Decision making wise, the shareholders appoint a board, the board decides who to hire & fire although any hiring (as in the case of CL) would be done via an interview committee who would make a recommendation to the board.

Most day to day decisions are taken by the Chief Exec, so there is no slowness in the process, only more major ones would require board approval

 

[webmaster]

Webbo, can you afford LCFC?

No.

A mistake with a decimal point today has cost me $450, imagine the kind of damage I could do if I was in charge of the club's finances...it would be like getting the old board back again.

 

[Real Sharapova]

I was talking about sacking the manager - that would be a decision delegated by the board to the shareholders.

Oops! Shareholders to the board you dummy!

 

[Polar Bear]

"I think we have had enough of a rollercoaster ride over the last 4 years or so without being taken over by some crazed power monkey"

I only object to human beings: I would be very happy with some lunatic chimp in the boardroom. Or on the pitch.

 

[Real Sharapova]

"I think we have had enough of a rollercoaster ride over the last 4 years or so without being taken over by some crazed power monkey"

I only object to human beings: I would be very happy with some lunatic chimp in the boardroom. Or on the pitch.

Think! Just for once it would be PC to throw bananas on to the pitch

 

[SilverFox]

I think we have had enough of a rollercoaster ride over the last 4 years or so without being taken over by some crazed power monkey. Surely as well this person would have been around 4 years ago, why didnt he put his money in then when the club was on the brink ?

There was an alternative consortium, I believe it was led by a local successful house builer, who wanted to invest something like 15 Million, however he wanted sole control (or so I heard) so the administrators didn't approve it.

 

[Cate Fox]

I'd heard that one too Silverfox.... shame he wasnt interested now eh?!

 

[drummindefender]

I'd heard that one too Silverfox.... shame he wasnt interested now eh?!

david wilson ?

 

[Yorkshire Vixen]

nice houses them drummin

 

[drummindefender]

i think i live in one

 

[Yorkshire Vixen]

you only think you do :icon_lol:

 

[drummindefender]

you only think you do :icon_lol:

no i'm pretty sure his company was the one who built it-i am sure i live in a house

 

[weluvulesta]

im not sure if i would want an abramovich-type owner id rather have someone take over who was a city fan and had the clubs best interests at heart

Roy from Corro Street.

When i become rich in the future in ten yrs from now when im 25, i'll buy leicester and keep you all as the board. Webbo can be chairman. I have a dream...

I wouldn't want another russian dude. We'll be hated like Chelski and we'd have a manager like Graham Taylor...fekin crazy

 

[PFKAKTF FOX]

There was an alternative consortium, I believe it was led by a local successful house builer, who wanted to invest something like 15 Million, however he wanted sole control (or so I heard) so the administrators didn't approve it.

I bow to your superior knowledge Silv, and stand fully corrected. And yes I said corrected before any smart arse (Highland or MK) edits it to say erected!(snigger, snigger, fnarr, fnarr ).