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Author Topic: Lee Power  (Read 526047 times)
TheDukeOfBanbury

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« Reply #1050 on: Tuesday, June 8, 2021, 11:59:14 »

Oh very much so, mates of "The Dolph".

Ha ha he can always come around your house to cut down a few trees Wink
Personal security guard, some history and yes connected with the “inner circle.”
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Flashheart

« Reply #1051 on: Tuesday, June 8, 2021, 12:00:31 »

abuse
n   verb 
1   use to bad effect or for a bad purpose.
2   treat with cruelty or violence. Øassault sexually.
3   address in an insulting and offensive way.
n   noun 
1   the improper use of something.
2   cruel and violent treatment. Øsexual assault.
3   insulting and offensive language.

DERIVATIVES
   abuser noun

ORIGIN
   Middle English: via Old French from Latin abus-, abuti 'misuse', from ab- 'away' + uti 'to use'.
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The Artist Formerly Known as Audrey

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« Reply #1052 on: Tuesday, June 8, 2021, 12:09:31 »

So, it’s these pre-emption rights that any judge is likely to invoke, thereby forcing Power to sell to Axis only.

If he declines to sell at all under this condition, then the September court case will determine if Standing does own 50% of Power’s shares and, if he does, then Clem+Standing can kick Power out or at least prevent him from having any say in running the club.
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Costanza

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« Reply #1053 on: Tuesday, June 8, 2021, 12:19:46 »

I can't wait for Michael Standing to win his 50% so we can move on to the next crisis of 'why does Michael Standing own 50% of a football club that he wasn't allowed to invest in'.



Neverending.
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Shrivvy Road

« Reply #1054 on: Tuesday, June 8, 2021, 12:26:38 »

I get the feeling that will be dealt with a lot quicker
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The Artist Formerly Known as Audrey

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« Reply #1055 on: Tuesday, June 8, 2021, 12:27:37 »

I think he just wants his money back.

If this pre-emption thing is correct why has it taken 2, about to become 3, court cases to test its validity?
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horlock07

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« Reply #1056 on: Tuesday, June 8, 2021, 12:49:47 »

I get the feeling that will be dealt with a lot quicker

I would suspect that the FA have been undertaking their investigation in parallel with the court case (they requested documents I recall) and I suspect they will rule one way or another fairly sharpish once the legal stuff is sorted.
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Flashheart

« Reply #1057 on: Tuesday, June 8, 2021, 12:51:04 »

I would suspect that the FA have been undertaking their investigation in parallel with the court case (they requested documents I recall) and I suspect they will rule one way or another fairly sharpish once the legal stuff is sorted.

I would not be surprised if they have already made their decision according to which way the ruling goes.
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Costanza

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« Reply #1058 on: Tuesday, June 8, 2021, 12:51:56 »

I am cynical when it comes to Football Association and timescales.

Happy to be corrected.
« Last Edit: Tuesday, June 8, 2021, 13:09:54 by Costanza » Logged
chalkies shorts

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« Reply #1059 on: Tuesday, June 8, 2021, 13:02:21 »

So what's to stop able outbidding Clem for the shares. Either pushes up the money to power or sale to able who come up with some dodgy deal whereby they don't hand over all the money to power and he retains a big interest.
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The Artist Formerly Known as Audrey

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« Reply #1060 on: Tuesday, June 8, 2021, 13:36:00 »

Because if Power values the club too high and Clem objects an independent auditor can be appointed to determine the value of the club.

And I doubt Power would want that.
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Samdy Gray
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« Reply #1061 on: Tuesday, June 8, 2021, 14:13:30 »

Power seems to have painted himself into a bit of a corner by not understanding the AofA of his own company, I can understand now why Clem seems to think the court case is pretty much a foregone conclusion.

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Shrivvy Road

« Reply #1062 on: Tuesday, June 8, 2021, 14:34:24 »

What does A OF A mean sorry
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horlock07

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« Reply #1063 on: Tuesday, June 8, 2021, 14:36:06 »

What does A OF A mean sorry

Articles of Association
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The Artist Formerly Known as Audrey

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« Reply #1064 on: Tuesday, June 8, 2021, 14:37:46 »

Articles of Association. A set of rules which basically says that when a company has more than 1 owner and he wants to sell- Power - he must offer it to the other shareholders first. He can suggest a price the company is worth but if that price is deemed to be too high the prospective buyer(s) can get the company independently audited and then the lower of the 2 amounts is the price.
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