dicksmith
Sussex County Division One
COYR
Posts: 298
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Post by dicksmith on Nov 5, 2023 1:51:38 GMT
That sounds exactly like the argument of Brexiteers. You should never let things go if you believe in them As long as it's something that is out of your control, all you'll do is carry a resentment around all of your life.....
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Post by everyotherweek on Nov 5, 2023 17:07:03 GMT
That sounds exactly like the argument of Brexiteers. You should never let things go if you believe in them As long as it's something that is out of your control, all you'll do is carry a resentment around all of your life..... Interesting, so there's acceptance that the owners now have no control over the club, despite being, err, owners
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dicksmith
Sussex County Division One
COYR
Posts: 298
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Post by dicksmith on Nov 5, 2023 21:22:16 GMT
As long as it's something that is out of your control, all you'll do is carry a resentment around all of your life..... Interesting, so there's acceptance that the owners now have no control over the club, despite being, err, owners The owners exercised their control, and through their votes made the decision to accept the proposal. What part of that can you not accept?
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Post by seafordrook on Nov 5, 2023 21:57:39 GMT
The result does not bother me unduly but 58% of 'LFC OWNERS' not voting does!
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Post by everyotherweek on Nov 6, 2023 8:55:22 GMT
Interesting, so there's acceptance that the owners now have no control over the club, despite being, err, owners The owners exercised their control, and through their votes made the decision to accept the proposal. What part of that can you not accept? The result, mainly! As Winston Churchill once said 'the main argument against democracy is a 5 minute discussion with the average voter'
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keaton
East Sussex Football League
Posts: 30
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Post by keaton on Nov 6, 2023 9:46:04 GMT
The owners exercised their control, and through their votes made the decision to accept the proposal. What part of that can you not accept? The result, mainly! As Winston Churchill once said 'the main argument against democracy is a 5 minute discussion with the average voter' So the decision should have been left with the board?
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Post by everyotherweek on Nov 6, 2023 12:24:43 GMT
The result, mainly! As Winston Churchill once said 'the main argument against democracy is a 5 minute discussion with the average voter' So the decision should have been left with the board? No, but I'm not sure the owners vote is binding, merely advisory (like the Brexit vote). The board, we are told, are continuing discussions, not saying we'll go ahead because of the vote. In both cases, I would have preferred to see changes from the status quo require a 50% + majority of eligible voters, not just, in this case, the 42% who could be bothered. We have no idea, and neither should we, how many of those have ever attended a match or anything else about the demographics.
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tressell
Sussex County Division Two
Posts: 156
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Post by tressell on Nov 6, 2023 16:44:37 GMT
This is why I gave up membership a few years back. It seemed a pointless exercise. Bragging that some actor or musician who lives across the other side of the world supports the Rooks. Well whoppee. No proper constitution and AGM . The idea of democracy seemed to be an occasional meeting with the manager zzzzz.
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doc
Sussex County Division Three
Posts: 60
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Post by doc on Nov 8, 2023 10:56:06 GMT
I struggled with this. It always seemed as though the directors had difficulty explaining a ‘take over’ away as being an investment and that the entire club would continue to be fan owned when in fact the women’s’ team are now legally ‘owned’ by a foreign investment consortium made up of people unknown.
However, the reality of modern day football finance isn’t going away. I thought the same directors were as open as they could be, have tried to protect the ‘top co’ and separate the entity from the investors and took it to a vote, as I think they were probably legally required to.
In the end I voted yes to allow the womens’ team to try to maintain their standard. I suspect they may have separated themselves otherwise.
All told we should be grateful for the work done by our board even if we disagree with the outcome. None of them are walking away with anything.
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Post by hamilton on Nov 8, 2023 12:37:22 GMT
It's not exactly a takeover is it. As has been made clear, this is an investment in the women's team only in return for 51% of the women's team. The Club and the men's team are still wholly owned fan owned with control over where we play, stadium investment etc etc.
FA rules determine that the women's team must play at Lewes, so this really isn't a takeover. I think it's great for the women's game and team.
It also gives the board the authority to negotiate. It doesn't mean the board will just sign whatever is waved at them.
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wm
Sussex County Division Two
Posts: 207
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Post by wm on Nov 8, 2023 21:52:11 GMT
It also gives the board the authority to negotiate. It doesn't mean the board will just sign whatever is waved at them. Well, they made it pretty clear that there aren't any other sources of the cash that the club continues to leak at an alarming rate from every orifice. So who knows what they'll end up signing.
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Post by sedlescombe on Nov 9, 2023 10:42:26 GMT
It's not exactly a takeover is it. As has been made clear, this is an investment in the women's team only in return for 51% of the women's team. The Club and the men's team are still wholly owned fan owned with control over where we play, stadium investment etc etc. FA rules determine that the women's team must play at Lewes, so this really isn't a takeover. I think it's great for the women's game and team. It also gives the board the authority to negotiate. It doesn't mean the board will just sign whatever is waved at them. I can’t imagine any investment fund raising $100m and not intending to have control over the entities they buy. It would be interesting to know whether the sale was dependant on the team being in the second tier of the pyramid or at least timed to ensure they can guarantee it.
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robm99
Isthmian South
Posts: 649
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Post by robm99 on Nov 9, 2023 15:30:50 GMT
Being in any division can't be guaranteed though. That's part of what makes football interesting off the pitch. As an aside, to all those that are "off to Whitehawk" because of principles. does Whitehawk FC accept gambling sponsorship or advertising?
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Post by sedlescombe on Nov 12, 2023 12:21:29 GMT
It can’t. But I doubt the investment fund are raising tons of cash in order to play at the third level of the pyramid. Given our financial position it seems an entirely reasonable question to ask “what if” questions - or at least hope someone is. Perhaps it’s just the accountant in me……
Is gambling sponsorship better or worse than where out “investment” is coming from?
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