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Home    NCST Interactive    Message Boards  Hop To Forum Categories  News    Middle Eastern consortium to invest in Notts County
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Middle Eastern consortium to invest in Notts County
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Simon.Bird
Professional
Location: London
Registered:: Sun 18 December 2005
Posts: 34
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Clifton Pie:

The only facts are in the press releases from the club and the PR company representing Munto Finance (according to an NEP article). Everything else is rumour, including the press comment on the releases.

Unfortunately the Club & Trust Boards have a poor record for providing the Trust membership (who are the majority shareholder) with adequate information to make informed decision. It's not just about the SGM - it's about the failure to publish proper minutes promptly since the Trust was formed and attempts to bully individuals asking awkward questions with threats of legal action.

Simon
Ignored post by Simon.Bird posted Show Post
clifton-pie
Old Pro
Registered:: Thu 21 May 2009
Posts: 57
Posted   Hide PostReply With QuoteEdit or Delete MessageReport This Post IP  
ooo i cant wait for the takeover then we wont have to put up with trust anymore you only a fan & you shouldn't have a right to anything sorry to sound rude but that how i feel,

how i see it we got 2 options stay as a trust run club and stuggle season after season or take a risk with a this middle east group that could be worth $7billion dollers.
Ignored post by clifton-pie posted Show Post
Kevin
Professional
Registered:: Fri 02 January 2004
Posts: 48
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quote:
Originally posted by Simon.Bird:
Clifton Pie:

Unfortunately the Club & Trust Boards have a poor record for providing the Trust membership (who are the majority shareholder) with adequate information to make informed decision. It's not just about the SGM - it's about the failure to publish proper minutes promptly since the Trust was formed and attempts to bully individuals asking awkward questions with threats of legal action.


Indeed, that's why so many of us want to see the back of them. This is our chance.
Ignored post by Kevin posted Show Post
Gareth Marklew
Professional
Registered:: Thu 23 March 2006
Posts: 42
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I've got to say, I'm a little disappointed that the terms of the ballot have been published on the club website before they've been issued to the Trust members. It's only a small thing when compared to the size of the decision that we have to make, but given that we as members have to make the decision it would be nice if we could be notified of these things formally rather than having news drift out all over the place.

If accurate, the report on the club site is surprising to say the least. We're being asked to give away for nothing our shareholding, and write off all debts owed by the club to the Trust, to a company, whose shareholders and Directors still haven't been identified. I'll look forward to reading the explanation for all this when the paperwork reaches us, and hope that it give us enough information that it'll persuade us it's reasonable and responsible to vote for the deal.

Gareth
Ignored post by Gareth Marklew posted Show Post
Gareth Marklew
Professional
Registered:: Thu 23 March 2006
Posts: 42
Posted   Hide PostReply With QuoteEdit or Delete MessageReport This Post IP  
quote:
Originally posted by clifton-pie:
ooo i cant wait for the takeover then we wont have to put up with trust anymore you only a fan & you shouldn't have a right to anything sorry to sound rude but that how i feel,


Clifton-pie,

You're as entitled to your view as the next man, but I've got to disagree, for two reasons:

1) There's no such thing as "only a fan", because it implies that fans are less important than some other body.

2)Members of the Trust are entitled to information because, like it or not, it's a legal fact that Blenheim 1862 Ltd is a partly owned subsidiary of Notts County Supporters Ltd, and Notts County Supporters Ltd is owned by it's members. Our Trust is being asked to sell (or if the information on the club website is accurate is being asked to give away) shares we as a Trust own. How on earth can we make a reasonable decision as to whether such a vote would be responsible or not without further information?

Gareth
Ignored post by Gareth Marklew posted Show Post
Magpie Bob
Professional
Registered:: Tue 22 January 2008
Posts: 30
Posted   Hide PostReply With QuoteEdit or Delete MessageReport This Post IP  
quote:
Originally posted by Gareth Marklew:
I've got to say, I'm a little disappointed that the terms of the ballot have been published on the club website before they've been issued to the Trust members. It's only a small thing when compared to the size of the decision that we have to make, but given that we as members have to make the decision it would be nice if we could be notified of these things formally rather than having news drift out all over the place.

If accurate, the report on the club site is surprising to say the least. We're being asked to give away for nothing our shareholding, and write off all debts owed by the club to the Trust, to a company, whose shareholders and Directors still haven't been identified. I'll look forward to reading the explanation for all this when the paperwork reaches us, and hope that it give us enough information that it'll persuade us it's reasonable and responsible to vote for the deal.

Gareth


Gareth - I'm a little puzzled as to why you seem to have a downer on this issue. The club statement is a copy of thye email I received from the Trust. That aside, regardless of who the who the directors may be, without this cash injection - what future do you realistically see for this football club under it's present format? Notts County may never have a better opportunity to move forward. I will be reading the proposal too - however, I think I may be taking a different slant on it to you by the sounds of it.
Ignored post by Magpie Bob posted Show Post
Stuart Rolley
"Former Trust Chair"
Old Pro
Picture of Stuart Rolley
Registered:: Tue 20 December 2005
Posts: 73
Posted   Hide PostReply With QuoteEdit or Delete MessageReport This Post IP  
The voting requirements for such an eventuality as this were, until two months ago, much tighter and required a higher percentage to agree.

When did the Trust Board change these requirements, and why?
Ignored post by Stuart Rolley posted Show Post
Gareth Marklew
Professional
Registered:: Thu 23 March 2006
Posts: 42
Posted   Hide PostReply With QuoteEdit or Delete MessageReport This Post IP  
quote:
Originally posted by Magpie Bob:

Gareth - I'm a little puzzled as to why you seem to have a downer on this issue. The club statement is a copy of thye email I received from the Trust. That aside, regardless of who the who the directors may be, without this cash injection - what future do you realistically see for this football club under it's present format? Notts County may never have a better opportunity to move forward. I will be reading the proposal too - however, I think I may be taking a different slant on it to you by the sounds of it.


Bob,

You mis-understand me. I really do hope that I'm going to be able to vote to accept the proposals made. All I've tried to do is point out the points that I think need clarifying before I can do that. Now it's been said that all the questions asked here will be answered in the papers accompanying the ballot, I hope I can look forward to having my mind set at rest.

I fully accept that it is important that we're not so prescriptive, and that we don't stand so much on principle that we end up throwing the baby out with the bathwater (because the problem with saying "all or nothing" is that most of the time you end up with nothing). Equally however, we can't be responsible guardians of this club if we don't ask some questions about the proposed takeover, and it's impact on the club and on the Trust.

Gareth
Ignored post by Gareth Marklew posted Show Post
Swifty
Triallist
Registered:: Wed 10 June 2009
Posts: 6
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The Trust will no longer exist. It worries me that for some the Trust is more important than Notts County progressing.

If the deal doesn't go through, the club will be torn in half and will never recover. This is make or break.

They have provided 'proof of funding' and guaranteed investment amounts over 5 years. Whether they are linked to Al Thani or not, they clearly have funding beyond which can be raised under the current structure.
Ignored post by Swifty posted Show Post
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