Thetownend.com

according to latest adver piece. if so im not a happy bunny.

They will still have 18% stake in the club and he will be on the board as a non executive director.  Not the greatest thing but at least they are no longer in a position where they can make the decisions in the club.  Hopefully he will just have to make the tea and bring it in with plates of buscuits to the real businessmen.

Why didn't Fitton say this in his press conf when he went through who was going to be on both set's of board's

Because Will's isn't on the board? Just a non-exec director with no real say in anything.

but will get a cut of any future redevelopment i guess?
so his greed will be fulfilled still?
booooooooooo :evil:

Not happy with this at all....I've posted before if Wills is around then so is Diamandis.

   OK he may not have any clout, but he never previously showed any interest in the club....never seen him at an AGM.

   If he wants to retain his shareholding to trouser some money.....then fair enough no need to be on the Board.

  Going to have to think whether a boycott is still necessary.

Mike D won't be around. There is no point for him to be is there? He can't make decisions and he can't even influence them. He has no share holding in the club so he's nothing.

I don't think we'll be seeing much of James Wills either. He'll be at Arsenal with his season ticket.

Imagine that 18% of your money (or of any future profitability) ghoes to the Wills' and therefore buy a ticket 18% more expensive then you normally would hence allowing Mr Fitton and fair share of your hard earned.

thats £2.70 more  - chips and a bovril should do it.

   I imagine a toff who has no interest in the club, beyond lining his own pocket, trying as best he can to move Fitton et al, into decisions  which are not necessarily in the best interest of the club and the fans.

  In this he'll be ably abetted by Diamandis.

And I believe that Fitton and co will not be swayed, or persuaded to do anything by some chinless no-mark. Diamandes is history people, move on FFS!

The new guys are serious, successful and very wealthy businessmen, why would they listen to a hooray henry like the boy wills?

i can't work out if some are deliberately looking for something to concern themselves about or whether they're just playing devil's advocate for a laugh.

 I can't work out if some are  deliberately puting their critical faculties to one side, or are going to be a bit more questioning about Boardroom antics.

 :goodpost:

There is no link (as some are assuming) between being on the Board or being a shareholder and getting a share of any hypothetical future (re)development profits. Board members do not automagically get a share of any profits (if there are any), nor do shareholders. Shareholders may get such a share if such a substantial profit was made that a divvy was paid (this would of course apply to any profit e.g. from the normal running of the business, not just a redev). In which case all of us who have shares in the club would get a cut, in proportion to our shareholding (so about 72p in my case). Needless to say that is vanishingly unlikely.

The only way James Wills or anyone else come to that would get a cut of any redevelopment profits by virtue of being a shareholder/director in something would be if the redevelopment was done by an external company in which he was a shareholder/director and it paid a divvy to its shareholders/bonus to its directors out of retained profits from a redev (which is what the old holding company was about). Alternately he may get a payout from the current setup, if there is an explicit promise in the contracts surrounding the contracts that past loans made by the Wills family are to stay sat in the club (as loan notes probably) repayable out of any such future profits. In neither circumstance would it be necessary or relevant that he is a director/minority shareholder in the club.

OH FFS!

In the press conference and the statements made over the last week Fitton has all but come right out and said that the former regime was a fucking shambles. They've appointed a new CE and one of the new board members is the financial director of AF and JF's company. Clearly they are expecting to run things their way from now on.

There is NO FUCKING hint they're going to allow MD to have any continuing influence over the running of the business, and I can't imagine why they would or why people are suggesting that they will.

Four very successful businessmen each with 7 figure fortunes spend £10-15m on buying a business that's been virtually run into the ground. Yeah of course they're going to let some clueless half arsed Greek shyster with a string of company insolvencys behind him to continue running the fucking thing.

And Reg "boardroom antics".... what the fuck are you on about?
They finalised the deal just after 11 this morning, no fuckers got through the door of the frigging boardroom yet.

I'm sure that in an ideal world the new owners would have negotiated a complete purhase and got the Wills family out the door altogether, but none of us live in an ideal fucking world do we?

If to get the deal done in time to save the club from the receivers the consortium swallowed the idea of Jamie boy staying on the board then so fucking what! He's in a minority of one and doesn't control enough stock to influence direction the club takes.

Fucking boycott FFS! What a load of bollocks!

Maybe some people are getting bored. I mean what can we talk about now?  :soapy tit wank:

Bring back Toni?

  All quite plausible.....lets see how things develop.  

  With the new "open" board, it can only be a matter of time before they call a meeting with the Trust memebership when  some of these issues can be raised....I'm sure PaulD has got a date set aside.

I wish I had posted that  :toppost:

Good fucking post Lumps! Posh-cunt Wills being on the board is fucking painful for a lot of fans though, me included, as he is a constant reminder of the shit suffered under him and his cunt of a dad and his cunt of a mate Diamandis.

The fact that he's now got fuck-all shares in the club compared to Fitton and Wray effectively leaves him dickless though which, in a way, is probably more humiliating for him than being allowed to just walk away. The former rich as fuck play-boy now gets to make the tea :soapy tit wank:

I hope you are right as this would be very welcome and hopefully informative. It would also be encouraging if this was initiated by the new board but failing that I hope the Trust will look at suggesting such an event.

I would go one step further and make it an open meeting for all fans.

All fair enough, but just to confirm that Little Wills is not on the board. Yes he is a non executive director and holds an 18% share holding, but he is not a board member. At least thats how I read and interpreted it any way.....

Feel free to correct me if I am wrong. I often am.

I miss the old board :(

Isn't it a surprise that Diamandis & Holt have fucked off without so much as a wimper...maybe they can be brought back for 1 game where we can all show our appreciation, we can all line up to shake their hand and say 'thank you'..... :Ride On Fatbury's Lovestick: