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tans
You spin me right round baby right round
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« Reply #5431 on: Wednesday, August 23, 2023, 18:27:10 » |
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No idea.
Interesting Paladorio name is gone though
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Mooneyraker
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Beware Aussies in bucket hats bearing gifts
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« Reply #5432 on: Wednesday, August 23, 2023, 18:29:38 » |
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No idea.
Interesting Paladorio name is gone though
It’s all as clear as mud. |
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ChalkyWhiteIsGod
TOLD YOU SO
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« Reply #5433 on: Wednesday, August 23, 2023, 18:30:20 » |
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How significant?
About 20% I'm guessing. |
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ChalkyWhiteIsGod
TOLD YOU SO
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« Reply #5434 on: Wednesday, August 23, 2023, 18:30:31 » |
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No idea.
Interesting Paladorio name is gone though
Yeah that is weird. |
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Quagmire
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« Reply #5435 on: Wednesday, August 23, 2023, 18:32:38 » |
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Interesting update on the club who who page.
Chairman/Majority Shareholder: Clem Morfuni
Other Significant interests (as defined in the EFL regulations): Christopher Kiely & Hollie Kiely
Another mistake you’d imagine. |
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The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #5436 on: Wednesday, August 23, 2023, 18:41:32 » |
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Is this just another ‘omission’? Clem obviously knows this things come out fairly quickly. Why not just explain the situation, what Kiely’s role is and his part in the club going forward
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tans
You spin me right round baby right round
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« Reply #5437 on: Wednesday, August 23, 2023, 18:42:02 » |
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Another mistake you’d imagine.
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DMC
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« Reply #5438 on: Wednesday, August 23, 2023, 18:47:14 » |
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Yeah that is weird.
Think he has been paid back |
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ThreeDrawsMentality
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« Reply #5439 on: Wednesday, August 23, 2023, 18:52:32 » |
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Seebeck 87 Limited has been issued a 'First Gazette' strike off notice. Noticed it's accounts have been overdue for a while.
Where it fits in the lovely structure of Swin is it owns the club, but Seebeck itself is owned by Swinton Reds.
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NotHarryAgombar
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« Reply #5440 on: Wednesday, August 23, 2023, 18:54:36 » |
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Just checked the EFL Regulations - “Significant interest” is defined as 10% or more of a share class with voting rights…”
So the two named must presumably own at least 20% of the total shares between them.
If they were / are security against a loan to pay off the debentures this suggests that not a lot of it has been repaid, despite the Club’s (Clem’s) statement last week. Shifted between other parties appears to be all that’s happened if Parladorio was listed but isn’t now.
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Batch
Not a Batch
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« Reply #5441 on: Wednesday, August 23, 2023, 18:57:32 » |
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worth pointing out we needed to declare to the league anybody holding a significant interest.
the definition fyi is
"‘Significant Interest’ means the holding and/or possession of the legal or beneficial interest in, and/or the ability to exercise the voting rights applicable to, shares or other
securities in the Club which confer in aggregate on the holder(s) thereof ten (10) per
cent or more of the total voting rights exercisable in respect of the shares of any class of
shares of the Club. All or part of any such interest may be held directly or indirectly or by
contract including, but not limited to, by way of membership of any Concert Party, and
any rights or powers held by an Associate, Nominee or Connected Person shall be included
for the purposes of determining whether an interest or interests amounts to a ‘Significant
Interest’.
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Mooneyraker
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Beware Aussies in bucket hats bearing gifts
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« Reply #5442 on: Wednesday, August 23, 2023, 18:59:55 » |
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Great, so we’ve fallen foul of that, which I’m sure will be taken into account when the Standing/Power shitshow resolves.
I am absolutely sick and tired of this shit.
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DMC
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« Reply #5443 on: Wednesday, August 23, 2023, 19:02:19 » |
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Great, so we’ve fallen foul of that, which I’m sure will be taken into account when the Standing/Power shitshow resolves.
I am absolutely sick and tired of this shit.
Huh what have they fallen foul of? not broke any rules have they? Whats it got to do with the others as well |
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RobertT
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« Reply #5444 on: Wednesday, August 23, 2023, 19:03:57 » |
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Yeah, not sure the Kiely's will cause the EFL any significant heartburn.
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