Alain Perrin Posted 24 June, 2009 Share Posted 24 June, 2009 Is it possible? Could Pinnacle takeover and the backer then refuse to show himself? Is he obliged to do so by the FL or FA? Would we have to face up to years of "I think it is Tabor" threads? At least with a PLC we knew who owned us p.s. Simon Cowell and Phillip Green are going into business together.... could it be..... erm no. Link to comment Share on other sites More sharing options...
Rocker268 Posted 24 June, 2009 Share Posted 24 June, 2009 I think it has already been stated that when we get bought thhey will announce who it is, then again i may be wrong Link to comment Share on other sites More sharing options...
The Farmer Posted 24 June, 2009 Share Posted 24 June, 2009 (edited) At least with a PLC we knew who owned us The shareholders owned SLH, but that is largely irrelevent with regards the running of the club. Well, usually it is, but Askham stitched the club up so badly that the majority of the shareholders had a hands on say as to the running of the club, which is not the standard practice for most PLCs. The board should be answerable to the shareholders, but when the board is made up of major shareholders, well you are gonna have shenanigans. If an individual wanted to own a private company and install a board to manage this company, there is not really any way, or any need, to force him to reveal himself if he deemed it appropriate to put a set-up in place that secured anonimity using a nominee account. We need to look at the personnel running the company and its goals and track record as to whether we support said regime, not the backer that paid the way for them to run the concern on his behalf. Edited 24 June, 2009 by The Farmer Link to comment Share on other sites More sharing options...
Burger Posted 24 June, 2009 Share Posted 24 June, 2009 The shareholders owned SLH, but that is largely irrelevent with regards the running of the club. Well, usually it is, but Askham stitched the club up so badly that the majority of the shareholders had a hands on say as to the running of the club, which is not the standard practice for most PLCs. The board should be answerable to the shareholders, but when the board is made up of major shareholders, well you are gonna have shenanigans. If an individual wanted to own a private company and install a board to manage this company, there is not really any way, or any need, to force him to reveal himself if he deemed it appropriate to put a set-up in place that secured anonimity using a nominee account. We need to look at the personnel running the company and its goals and track record as to whether we support said regime, not the backer that paid the way for them to run the concern on his behalf. Couple of points - wouldn't this go against FL / FA requirements to know who owns the club? - if the Pinnacle deal goes through (a big IF for me) would the new backer want to remain unknown? Link to comment Share on other sites More sharing options...
trousers Posted 24 June, 2009 Share Posted 24 June, 2009 If an individual wanted to own a private company and install a board to manage this company, there is not really any way, or any need, to force him to reveal himself if he deemed it appropriate to put a set-up in place that secured anonimity using a nominee account. I can see that being accepted practice in 'normal' business circles but this is the Football League we are talking about here. Doesn't the Football League have it's own rules about transparency of the source of financial input into football clubs? Link to comment Share on other sites More sharing options...
CanadaSaint Posted 24 June, 2009 Share Posted 24 June, 2009 I can see that being accepted practice in 'normal' business circles but this is the Football League we are talking about here. Doesn't the Football League have it's own rules about transparency of the source of financial input into football clubs? I thought there were (quite logical) rules preventing one party from owning more than one club, which would mean that the FL would HAVE to know the identity. Link to comment Share on other sites More sharing options...
Mr Nice Posted 24 June, 2009 Share Posted 24 June, 2009 You cannot hide much from the media these days, especially if you go out of your way to hide it. Link to comment Share on other sites More sharing options...
trousers Posted 24 June, 2009 Share Posted 24 June, 2009 I thought there were (quite logical) rules preventing one party from owning more than one club, which would mean that the FL would HAVE to know the identity. Would/could/should the FL put that knowledge into the public domain though? Link to comment Share on other sites More sharing options...
trousers Posted 24 June, 2009 Share Posted 24 June, 2009 You cannot hide much from the media these days Apart from the identity of our mystery money man, it would seem.... Link to comment Share on other sites More sharing options...
The Farmer Posted 24 June, 2009 Share Posted 24 June, 2009 I thought there were (quite logical) rules preventing one party from owning more than one club, which would mean that the FL would HAVE to know the identity. That doesn't mean they have to publicise it though. In a world strewn with confidentiality clauses and NDA's, many a detail stays out of the limelight if so wished, as we all know. But then again, with a world full of loose lips on the back of the right inducement, one wouldn't be able to ensure their wishes are upheld with any amount of certainty. If the backer had no untoward reason to stay hidden after the negotiation process is finalised, it would merely be a personal preference for reasons we do need to be privy to. Link to comment Share on other sites More sharing options...
CanadaSaint Posted 24 June, 2009 Share Posted 24 June, 2009 Would/could/should the FL put that knowledge into the public domain though? No but every ITK expands the risk of it becoming common knowledge - especially as the FL is essentially our competing clubs. How long is that going to stay secret? Link to comment Share on other sites More sharing options...
Leightonbuzzardsaint Posted 24 June, 2009 Share Posted 24 June, 2009 Who really knows whats going on? every one needs to stop being on their period. Link to comment Share on other sites More sharing options...
batterseasaint Posted 24 June, 2009 Share Posted 24 June, 2009 Pinnacle have already told us that they will let us know who the backer is once the deal is done. Can't be arsed to search through their various messages to find the actual quote though. Link to comment Share on other sites More sharing options...
ITKSaint Posted 24 June, 2009 Share Posted 24 June, 2009 Who really knows whats going on? every one needs to stop being on their period. ...Pregnant pause... :-$ Link to comment Share on other sites More sharing options...
Mr Nice Posted 25 June, 2009 Share Posted 25 June, 2009 Apart from the identity of our mystery money man, it would seem.... It would be easier to do when its written in black and white. Link to comment Share on other sites More sharing options...
The9 Posted 25 June, 2009 Share Posted 25 June, 2009 I can see that being accepted practice in 'normal' business circles but this is the Football League we are talking about here. Doesn't the Football League have it's own rules about transparency of the source of financial input into football clubs? Yep, they must know the actual owner, not the conduit (Lynham). Does make me wonder if that's part of the stalling process with the FL as well... Link to comment Share on other sites More sharing options...
Pancake Posted 25 June, 2009 Share Posted 25 June, 2009 It would be easier to do when its written in black and white. M Jackson! Link to comment Share on other sites More sharing options...
a1ex2001 Posted 25 June, 2009 Share Posted 25 June, 2009 I honestly couldn't care who he is, if he is happy to spend his money and let someone he trust run the club then so be it. would be a much better option than the attention seeking scum we had before and some of the similat idiots that are sniffing about the place now. Link to comment Share on other sites More sharing options...
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