Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:00 pm  

Khlav Kalash wrote:

Exactly, so what else is there to negotiate?

Lots of things that both parties would need assurances on…what are the new owners plans to protect the clubs foundation, academy set up, community work, how long are they committed for, why do they want to own the club, where’s the money coming from, who will actually own the club, what happens if we get relegated, who will run it day to day…what are their credentials(!!!!). Now you might say many of those points are nothing to do with the current board but if due diligence is being done properly and to ensure the long term future of the club then it’s right those should be answered. Also Mr Ellis would have lots of questions and evidence needed from the current board.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:04 pm  

PopTart wrote:

Well just off the top of my head

How much money are they actually intending to put in?
Who from DIY Kitchens is going to make the decisions?
What structure are they going to implement to run the club?
What are they going to do about the part completed projects?
What are they going to do with current employees.

Ellis will want to know what is expected from RFL. What the IMG rules will be.
How much will he have to invest to get what he wants out of the club.
Who is available to recruit to his team.
What division will we be playing in.

Etc etc etc.

Exactly,, off the top of your head ... non of us on here know the nitty gritty of this... all we know is that we have a very wealthy person wanting to buy the club and our chairman is still not satisfied that he is a suitable person.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:11 pm  

PopTart wrote:

Well just off the top of my head

How much money are they actually intending to put in?
Who from DIY Kitchens is going to make the decisions?
What structure are they going to implement to run the club?
What are they going to do about the part completed projects?
What are they going to do with current employees.

Ellis will want to know what is expected from RFL. What the IMG rules will be.
How much will he have to invest to get what he wants out of the club.
Who is available to recruit to his team.
What division will we be playing in.

Etc etc etc.

Yep all fair points. but 8 weeks? I wiuld imagne allt gat was covered in the first week or so. This isn't a multi million pound, multi faceted business were talking about.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:13 pm  

AMI wrote:

Lots of things that both parties would need assurances on…what are the new owners plans to protect the clubs foundation, academy set up, community work, how long are they committed for, why do they want to own the club, where’s the money coming from, who will actually own the club, what happens if we get relegated, who will run it day to day…what are their credentials(!!!!). Now you might say many of those points are nothing to do with the current board but if due diligence is being done properly and to ensure the long term future of the club then it’s right those should be answered. Also Mr Ellis would have lots of questions and evidence needed from the current board.

Again 8 weeks of talks shiuld be enough to cover most aspects noted above. I work for a developer who go through a 4-6 week period of DD before pumping crica £20m into a 300 unit site.

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:19 pm  

How much money are they actually intending to put in?
We intend to invest whatever finances are needed to make Trinity regular challengers for CC Finals, Play Offs & GFs
Who from DIY Kitchens is going to make the decisions?
Matthew Ellis will be Chairman but we’ll scour the sports world for the best CEO available
What structure are they going to implement to run the club?
We’ll take our lead from the best sporting structures there is, NRL Clubs, Premier League etc
What are they going to do about the part completed projects?
Complete them, without compromise!
What are they going to do with current employees.
We’ll assess everyone individually on an ongoing basis but new Director of Rugby, Operations Director may wish to make new appointments and/or changes

Ellis will want to know what is expected from RFL. What the IMG rules will be.
Already touched base with RFL & IMG re post take over meetings
How much will he have to invest to get what he wants out of the club.
How long is a piece of string? Time will tell but ME has deep pockets
Who is available to recruit to his team.
That’s a process which will take time but in the meantime we’ll bring in an interim CEO
What division will we be playing in.
Get the take over completed and we will invest enough to ensure it’s SL

The only real questions are
Is Matthew Ellis a reputable individual befitting of the station
Are Matthew Ellis’s intentions genuine and robust
Is Matthew Ellis committed for the long term
Do the new owners have the financial resources to achieve their goals
Can the new ownership progress the club beyond where the incumbents can

If yes to these questions then get out of the way

[PopTart]

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:22 pm  

Khlav Kalash wrote:

Yep all fair points. but 8 weeks? I wiuld imagne allt gat was covered in the first week or so. This isn't a multi million pound, multi faceted business were talking about.

That's exactly what it is.

[PopTart]

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:23 pm  

The Avenger wrote:

How much money are they actually intending to put in?
We intend to invest whatever finances are needed to make Trinity regular challengers for CC Finals, Play Offs & GFs
Who from DIY Kitchens is going to make the decisions?
Matthew Ellis will be Chairman but we’ll scour the sports world for the best CEO available
What structure are they going to implement to run the club?
We’ll take our lead from the best sporting structures there is, NRL Clubs, Premier League etc
What are they going to do about the part completed projects?
Complete them, without compromise!
What are they going to do with current employees.
We’ll assess everyone individually on an ongoing basis but new Director of Rugby, Operations Director may wish to make new appointments and/or changes

Ellis will want to know what is expected from RFL. What the IMG rules will be.
Already touched base with RFL & IMG re post take over meetings
How much will he have to invest to get what he wants out of the club.
How long is a piece of string? Time will tell but ME has deep pockets
Who is available to recruit to his team.
That’s a process which will take time but in the meantime we’ll bring in an interim CEO
What division will we be playing in.
Get the take over completed and we will invest enough to ensure it’s SL

The only real questions are
Is Matthew Ellis a reputable individual befitting of the station
Are Matthew Ellis’s intentions genuine and robust
Is Matthew Ellis committed for the long term
Do the new owners have the financial resources to achieve their goals
Can the new ownership progress the club beyond where the incumbents can

If yes to these questions then get out of the way

So let's hope those are the answers from Ellis. But if he hasn't given those answers, wouldn't you expect them to keep investigating?

[PopTart]

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:28 pm  

Scarlet Pimpernell wrote:

Not quite correct because I expect that the Glover loan that he left with the club is included in this figure because I cannot see it referenced anywhere else.

If the loan isn't needing to be repaid, it becomes an asset.
The loans section only show loans needing to be repaid.

[PopTart]

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 9:31 pm  

PopTart wrote:

...........,..........

If Glover, Richardson or Pearman suddenly won the lottery, would you hand the club to them without question?

No one seems to want go answer this question....

Re: Member Shareholders Meeting Tonight : Wed Aug 16, 2023 10:00 pm  

PopTart wrote:

No one seems to want go answer this question....

Certainly one of them would never win the lottery.