New Board Revealed

[Fred Elliot]

What if Mike D does not want to be a Director, but JL is saying if you want to be involved in the running of this club(albeit in the short term) then you become a director and be held accountable rather than hide behind this "General Manager" persona

[WorcesterRed]

My take on this is that Little really doesn't know anything about the current board, so he's not had any time to make judgements and say who we wants on the board and who he doesn't.

What's to say that a month or so down the line Little may come to his senses and bring in some fresh faces?

Little already said in his meeting with the Trust and SC on Friday that Best holdings (and ultimately himself) will hold the whip hand. I really can't see how Diamandis, the devious creature that he is, can get away with what he's supposedly done before when he no longer at the top of the pyramid.

Yes, Diamandis might be one of the investors in Best holdings but he's certainly not got the £10 million that's been touted. If anything he'll be a minority shareholder. And I really can't see that Wills will be one of the people behind Best holdings, he's got no money left and the money he would've got as part of the takeover will be going straight to pay off his mortgages.

My money says Diamandis will be gone within 6 months. He's got nothing left to hang around for, his shares in the original holding company are now effectively worthless. And if he is part of Best holdings, he's not going to be making any money out of that in a hurry.

The investment is 'supposedly' £10m - no-one has any proof - as Reg said earlier, it could be substantially less. Spin spin spin spin spin - put a gloss on things and a lot of people will believe it.

And you are overlooking the fact that Diamandis COULD VERY WELL BE a big player within Best Holdings - why couldn't he be?

Why oh why would you appoint a General Manager, who has had his income cut short with the cancellation of the Dunwoody contract to the Board of Directors?

Don't forget another spin item - about how 'experienced the new regime are within the world of football' - so what do we do? Of course, we entrust our new investment in essence to the old board
and promote a General Manager to director.

Smokescreens and mirrors I tell thee ....  :old:

[TalkTalk]

Good post indeed (at Sam).

But Millom also has a point.

Six weeks of due diligence and they haven't noticed that the current board are inept and useless and a waste of payroll?

Hmmmm. Good business move keeping them on for anything longer than a millisecond then.

If they go in time then that's better. But at the moment, it's just depressing.

[herthab]

My take on this is that Little really doesn't know anything about the current board, so he's not had any time to make judgements and say who we wants on the board and who he doesn't.

What's to say that a month or so down the line Little may come to his senses and bring in some fresh faces?

Little already said in his meeting with the Trust and SC on Friday that Best holdings (and ultimately himself) will hold the whip hand. I really can't see how Diamandis, the devious creature that he is, can get away with what he's supposedly done before when he no longer at the top of the pyramid.

Yes, Diamandis might be one of the investors in Best holdings but he's certainly not got the £10 million that's been touted. If anything he'll be a minority shareholder. And I really can't see that Wills will be one of the people behind Best holdings, he's got no money left and the money he would've got as part of the takeover will be going straight to pay off his mortgages.

My money says Diamandis will be gone within 6 months. He's got nothing left to hang around for, his shares in the original holding company are now effectively worthless. And if he is part of Best holdings, he's not going to be making any money out of that in a hurry.

The investment is 'supposedly' £10m - no-one has any proof - as Reg said earlier, it could be substantially less. Spin spin spin spin spin - put a gloss on things and a lot of people will believe it.

And you are overlooking the fact that Diamandis COULD VERY WELL BE a big player within Best Holdings - why couldn't he be?

Why oh why would you appoint a General Manager, who has had his income cut short with the cancellation of the Dunwoody contract his to the Board of Directors?

Smokescreens and mirrors I tell thee ....  :old:

Fucking amazing!!!

You're asking for proof that the investment is 10 million....

What 'proof' have you got about any of the shit you've been flinging?

None?


Didn't think so...............................

[Samdy Gray]

The investment is 'supposedly' £10m - no-one has any proof - as Reg said earlier, it could be substantially less. Spin spin spin spin spin - put a gloss on things and a lot of people will believe it.

And you are overlooking the fact that Diamandis COULD VERY WELL BE a big player within Best Holdings - why couldn't he be?

Why oh why would you appoint a General Manager, who has had his income cut short with the cancellation of the Dunwoody contract his to the Board of Directors?

Smokescreens and mirrors I tell thee ....  :old:

And you're trying to make a point based on what fact exactly?

[RobertT]

am I completley wrong but doesn't a company run as thus:

a) Shareholders vote on a Board of Directors (in this case Best Holdings have a significant say as they hold 51% or more).
b) Said Board of Directors runs company using a 1 Director 1 vote system in Board decisions.
c) in the event of no decision, the Chairman has the casting vote

That's basically the simple vwersion as I understand it.  In which case our Board is the same, so the same people have the mandate to run the company as they see fit until voted off.

Just because you own 51% of a company doesn't mean you necessarily run it.  SSW was the major shareholder (in fact he held enough shares to act as he wanted as he had over 75% as I remember) when Brady, Donegan and Blatchley were our Board.  Didn't stop them doing what they wanted until SSW finally got the nudge.

[neville w]

My take on this is that Little really doesn't know anything about the current board, so he's not had any time to make judgements and say who we wants on the board and who he doesn't.

What's to say that a month or so down the line Little may come to his senses and bring in some fresh faces?

Little already said in his meeting with the Trust and SC on Friday that Best holdings (and ultimately himself) will hold the whip hand. I really can't see how Diamandis, the devious creature that he is, can get away with what he's supposedly done before when he no longer at the top of the pyramid.

Yes, Diamandis might be one of the investors in Best holdings but he's certainly not got the £10 million that's been touted. If anything he'll be a minority shareholder. And I really can't see that Wills will be one of the people behind Best holdings, he's got no money left and the money he would've got as part of the takeover will be going straight to pay off his mortgages.

My money says Diamandis will be gone within 6 months. He's got nothing left to hang around for, his shares in the original holding company are now effectively worthless. And if he is part of Best holdings, he's not going to be making any money out of that in a hurry.

:goodpost:

I agree that it sounds bad at the moment with the old brigade still in place (and elevated in MD's case.) However I'm completely in agreement with Samdy's posting. It's not unusual in takeovers for the previous Board to be retained to start with. If the new owners are worth their salt as businessmen, surely they will form their own opinions of the incumbents quickly, and with the majority shareholding, move them on if necessary. For example, it can't take very long to confirm our FD's suitability.

Of course, if there is some involvement of the board members in Best holdings or whatever the proper name is, that would be more difficult, but it seems that Little is to be an active chairman rather than a figurehead.

It wouldn't surprise me if agendas change after a while, so I'm not getting warm and fuzzy about relocation or redevelopment statements just yet. I'll be happier when it is officially confirmed that we're no longer under threat of being wound up for CVA failure. By that time we'll have a better idea of what sort of investment has been allowed in the team and therefore what the ambitions are.

That said, we could have sold Brezovan, Ifil and Tozer by then as well.

Whilst composing this post, some of the above has already been said  - sorry.

[millom red]

Behave herthab....sams making his point like the next man, and has to rely
on rumour and conjecture just like us all.

[WorcesterRed]

My take on this is that Little really doesn't know anything about the current board, so he's not had any time to make judgements and say who we wants on the board and who he doesn't.

What's to say that a month or so down the line Little may come to his senses and bring in some fresh faces?

Little already said in his meeting with the Trust and SC on Friday that Best holdings (and ultimately himself) will hold the whip hand. I really can't see how Diamandis, the devious creature that he is, can get away with what he's supposedly done before when he no longer at the top of the pyramid.

Yes, Diamandis might be one of the investors in Best holdings but he's certainly not got the £10 million that's been touted. If anything he'll be a minority shareholder. And I really can't see that Wills will be one of the people behind Best holdings, he's got no money left and the money he would've got as part of the takeover will be going straight to pay off his mortgages.

My money says Diamandis will be gone within 6 months. He's got nothing left to hang around for, his shares in the original holding company are now effectively worthless. And if he is part of Best holdings, he's not going to be making any money out of that in a hurry.

The investment is 'supposedly' £10m - no-one has any proof - as Reg said earlier, it could be substantially less. Spin spin spin spin spin - put a gloss on things and a lot of people will believe it.

And you are overlooking the fact that Diamandis COULD VERY WELL BE a big player within Best Holdings - why couldn't he be?

Why oh why would you appoint a General Manager, who has had his income cut short with the cancellation of the Dunwoody contract his to the Board of Directors?

Smokescreens and mirrors I tell thee ....  :old:

Fucking amazing!!!

You're asking for proof that the investment is 10 million....

What 'proof' have you got about any of the shit you've been flinging?

None?


Didn't think so...............................

Fucking amazing - I can swear as well, aren't I big?

I have clearly mentioned inconsistencies between what we were told and what we now have. I have not made anything up. I have asked questions about possibilities and stated nothing as fact, apart from where I know that inconsistences have occurred. We were told one thing and another has happened. If you are happy to not ask pertinent questions, that's up to you. If I want to mention my concerns about the secrecy and inconsistences surrounding the takeover, then that's up to me.

I have not asked for proof of the £10m investment at all - read the effing post. I merely said that no-one has any proof. Samdy says that he will be a minor share-holder - ask him then where his proof is if you want people to prove things.

The essence of my posts (along with many others) has been that things are not as they may seem rather than simply saying 'oh, I must believe that last statement because it looks like good news'.

Maybe your over the moon that the old Board are still in place - I don't know. But there are plenty that are hacked off about it.

Perhaps you'd care to read my posts before responding this time?

[neville w]

Just had a thought

While Jim Little won't say who is behind the investment co, at the next Trust meeting, can someone not ask him directly :

'We understand that you cannot let us know the identities of the investors Jim Bob but can you answer Yes or No whether or not any Board member/Mike Diamandis has involvement with Best Holdings?'

....then no doubt we'll see him squirm.

 :shock:

Yes - that's a thought

"I know you said you're not going to tell us, but will you please tell us ?"  - I doubt he'll see through that one.

[Fred Elliot]

I think Hertha was replying to WorcesterRed's post Millom

[herthab]

Behave herthab....sams making his point like the next man, and has to rely
on rumour and conjecture just like us all.

It wasn't aimed at Sam, it was aimed at Worcs.

It just amazes me that hardly anyone will believe something that is possibly good for the club, yet be actually eager to believe something that may be bad.

Good rumour= Bollocks/don't believe it/ spin.

Bad rumours= Must be true!

Do you see what I'm getting at?

[WorcesterRed]

My take on this is that Little really doesn't know anything about the current board, so he's not had any time to make judgements and say who we wants on the board and who he doesn't.

What's to say that a month or so down the line Little may come to his senses and bring in some fresh faces?

Little already said in his meeting with the Trust and SC on Friday that Best holdings (and ultimately himself) will hold the whip hand. I really can't see how Diamandis, the devious creature that he is, can get away with what he's supposedly done before when he no longer at the top of the pyramid.

Yes, Diamandis might be one of the investors in Best holdings but he's certainly not got the £10 million that's been touted. If anything he'll be a minority shareholder. And I really can't see that Wills will be one of the people behind Best holdings, he's got no money left and the money he would've got as part of the takeover will be going straight to pay off his mortgages.

My money says Diamandis will be gone within 6 months. He's got nothing left to hang around for, his shares in the original holding company are now effectively worthless. And if he is part of Best holdings, he's not going to be making any money out of that in a hurry.

:goodpost:

I agree that it sounds bad at the moment with the old brigade still in place (and elevated in MD's case.) However I'm completely in agreement with Samdy's posting. It's not unusual in takeovers for the previous Board to be retained to start with. If the new owners are worth their salt as businessmen, surely they will form their own opinions of the incumbents quickly, and with the majority shareholding, move them on if necessary. For example, it can't take very long to confirm our FD's suitability.

Of course, if there is some involvement of the board members in Best holdings or whatever the proper name is, that would be more difficult, but it seems that Little is to be an active chairman rather than a figurehead.

It wouldn't surprise me if agendas change after a while, so I'm not getting warm and fuzzy about relocation or redevelopment statements just yet. I'll be happier when it is officially confirmed that we're no longer under threat of being wound up for CVA failure. By that time we'll have a better idea of what sort of investment has been allowed in the team and therefore what the ambitions are.

That said, we could have sold Brezovan, Ifil and Tozer by then as well.

Whilst composing this post, some of the above has already been said  - sorry.

I agree with this to a certain extent - however, you pick and choose from the best. What you don't do is simply put bums on seats to fill board positions.

Surely with a little research/due diligence, they would have noticed the VAT cockup.

Surely with a little research/due diligence, they would have noticed the walking PR disaster that goes by the name of Bob Holt/Mike Bowden

Surely with a little research/due diligence, they would have noticed the issues surrounding Mike Diamandis

....but no, let's ignore all of those issues for 'continuity' sake.

I don't think so somehow.

[Fred Elliot]

Totally Hertha

[millom red]

I think Hertha was replying to WorcesterRed's post Millom

i'll shut up then...sorry hertha