financialtimes wrote:
Being a trustee is not the same as being a director, "Spirit of 1873" is the company that holds all the assets listed (and liabilities) at WF1 5EY,
You're making up a scenario for an agenda that doesn't exist, the only way that a separate company could demand what you're suggesting, is that if that company held the asset of the stand, which it doesn't. Trust me I'm no MC lover and he's probably the main reason I no longer attend games, sponsor players, purchase season tickets, contribute to commit 6 and play for the PDRL team or have anything to do with the club & community trust as a whole.
But there is some mischief going on here, there's a clear light at the end of the tunnel and some are wanting to throw boulders in the way.
The truth will out! as they say.
As things currently stand, there is 4 board members, with Mick and John owning about 47 / 48% each and the other 2 pretty much sharing remaining 5/6 %.
If the takeover goes through, they could just purchase 1873 and its entire assets and liabilities, or a deal could be done that the new owner (s) create a new company, and a selection of assets transferred across (SL license, players contracts etc), and the new stand / stadium remain a asset of 1873 and is leased to the new owners new company.
Its all guesswork and speculation at present what if anything will happen, but if the club is sold, then the current owners will be wanting to make a few quid on it one way or the other.
