A couple more questions if I may.

1) What will happen to Blenheim 1862 after the take over? If it is going to remain but with zero interest in Notts County Football Club then who will remain the directors of Benheim 1862?
2) Who/what exactly is "QADBAK Investment" - a search on google produced nothing about it.

Further to Bazza's post, people would have more confidence if QADBAK could be found on google as a listed name of an investment fund. The Trust Board has a responsibility to its members in being totally transparent - One would have thought that the news would have been reported by a Qatar on line newspaper - I am slightly concerned that there is no one from Qatar / Middle East is prepared to stand up and be counted. The Trust Board should have realised the lack of credible information as to the true beneficial owners are and have been better prepared in putting more detail down at first hand rather than this drip feed approach. Are the Trust Board taking seperate legal advice on this deal or are they sharing the same legal advisers to the Blenheim Board?

When is it likely the voting papers are going to be sent out?

Glenn,
Thank you for responding to the requests for more information about the proposed takeover. I think that we are now clear about the offer and what Munto require from the Trust members.

I have three core issues that at present will cause me to vote against this proposal.

1. I do not know what is being offered in return for the Trust membership handing over our controlling interest in the club.

2. I know very little about the people behind Munto.

3. The failure to behave honourably towards the estate of Hayden Green, specifically in relation to the attempts to avoid repaying loans made to the Trust enabling us to acquire the majority shareholding.

I recognise that there are legitimate commercial concerns not to place too much information about available funding and their business strategy in the public domain. Unfortunately the Club Board and Trust Board have consistently failed to demonstrate good judgement and decision making since Blenheim 1862 took over the club. Recommendations from both bodies therefore are not sufficient in themselves to gain my confidence.

Assuming that the people behind Munto are genuine and respectable, what reason can they have to hide their identities. All members of the Trust Board introduced themselves to the membership when seeking election and publish some background information on this website. I don’t necessarily require that level of detail but a brief CV would be helpful especially if the details were supported by credible online sources.

From the information provided it appears that there is a deliberate attempt to avoid repayment of loans made by Hayden Green to the Trust. This might be legally sound (though no lawyer I’ve ever consulted sees issues in such clear terms) but is morally wrong. Whilst I cannot know what Hayden Green himself would do were he still with us or his intentions when making the loan, I think it obvious that he was prepared to assist the Trust but was reserving the right to retrieve his funding should the Trust hand over control. Forgive my use of the term “loan” as you’ve previous said it was not a loan but by by which I mean the device Mr Green used to transfer ownership of shares to the Trust whilst placing a claim on any profit made on their disposal.

Ignoring the moral rights and wrongs of this matter, it appears inept business practice not to consult Mr Green’s estate about this matter given that they are also Head Leaseholders for Meadow Lane.

So, what could cause me to support this proposal:

1. I would like to see clear unambiguous messages from the other shareholders that they support this proposal, are accepting the same terms offered to the Trust (gifting their shares, though not necessarily forgoing repayment of personal loans to the club), and will not be receiving any further reward for relinquishing their shareholding. Their decision can be conditional on the Trust membership accepting this proposal. I recognise that there is no requirement that they do this but it would send a powerful message encouraging support.

2. Providing previous Trust Chairman who resigned and formed CAN with access to sufficient information about the Club accounts and the Munto proposal to enable them to publically support the offer. I suspect that the state of the relationship between these individuals and the Club and Trust Boards would make this impossible, but it would be helpful.

3. That the people behind Munto identify themselves.

4. That Mr Green’s generosity in enabling the Trust to take a majority shareholding is treated in the same way as loans made directly to the club. If this is not possible, perhaps the Trust should retain those shares and resume our position as a minority shareholder. I have great difficulty in the deal as it stands being done in my name.

Can I be clear that I want to support this offer if it enables the club to move forward, but I want to know what is being offered or have confidence that there is substance to the offer. Unfortunately the information provided to date is insufficient for me to have confidence that it is right for the club.

Simon

We do know what is being offered. Munto have provided proof of funding to the club board and the existing shareholders (the Trust pending) have all agreed to give up their shares and resign upon completion. The only thing not clear is the level of funding, however, whatever the sum is, it is backed by a bank guarantee. Of course it would be unwise to talk money and show our hand. Whatever the figure is, it is clear that whilst the Trust remain majority shareholders, we cannot generate the type of investment required to significantly improve infrastructure and get the club back up the leagues.

It has also been made clear that Trembling will manage the club on a day-to-day basis. There is a considerable amount of information regarding his background available on the Internet. Trembling has full responsibility for spending the investment so what does it matter where the funding has come from? There might be 1000 investors in Munto. They have a right to privacy. They are trusting Trembling to spend their money.

Totally agree. Bring on the vote.

Glenn, I would like to reaffirm Simon Bird's 4 points made as regards to supporting the proposal. We all want Notts to be successful but there is a moral duty of care to Mr Green's estate.

Swift / Jurgen,

Sorry - we don't know what is being offered.

Members of the Club Board have more information about the proposals and the other shareholders have an opportunity to seek more information to inform their decision. As I mentioned above, the record of both the Club and Trust Boards in making good decisions since Blenheim 1862 took control is poor.

We know the identities of Trembling and Willett and have been told that Trembling is likely to become Chief Executive should the offer be accepted. Both appear plausible but who else is behind this? If there are 1,000 investors, that information would inform my decision.

We do not know that the other shareholders have agreed to these terms. We have been told that they are minded to gift their shares but there is no confirmation.

Munto want the owners of the club to give it completely to them. They will repay loans made to the club but will not purchase any shareholding. I don't think it unreasonable to ask who they represent.

Simon

This message has been edited. Last edited by: Simon.Bird,

This is now Announcement Day plus 9.


Why is it taking so long to print and distribute voting papers on the takeover.

I'd like to thank JAH and the Trust Chairman for answering all the questions clearly and frankly so that we can now all make informed decisions.

Any more prevaricating and trying to spin the takeover process out needs to be nipped in the bud as it will only be detrimental to the club.

Why on earth is there talk of a fan's forum? Are people incapable of picking up a telephone and speaking to JAH?

We have a deal on the table,


I ASK AGAIN, WHERE IS MY VOTING PAPER?

We have a deal on

My thoughts exactly. The longer this takes, the less time we have to prepare for the forthcoming season.