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Management ENIC

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ENIC In or ENIC Out

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Statement regarding media speculation

A statement regarding media speculation...
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Me waking up to this one this morning
luis suarez GIF
 
Last edited:
Murphy said:
There’s a lot of waffle in there but I’m a bit confused.

The club isn’t for sale is the leading detail, but there’s a deadline of 5pm on October 5th to make an offer?
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They’ve had an offer for the ENIC shares but they’ve turned it down. Because of the rules they can come back and offer again but only until that date (although it can be extended). Guess we will just have to wait and see what happens.

The good news is we now know who has bid and they can be scrutinised as they may come back.
 
AberdeenYid said:
Won’t there also be “change of ownership” clauses with our suppliers and / or banks?

I know that some of the deals I work on, these are included, particularly one recently with DAZN, as a business I work with weren’t keen on doing anything with them without such a clause going into the contract (unconfirmed as to why, but KSA money surely had something to do with it).

I’d imagine institutions that have loaned us money would need to be informed of any takeover plans, but unsure why these would have to be public declarations.
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As far as I understand it seems to more or less just be because ofthe takeover code/law. The takeover Panel are obligated to make a query it seems.
 
Looking back I am surprised we did not put 2 + 2 together earlier. I know there was some noise about it since April, but appointing a Non-Exec Chairman (Peter Charrington) in March, and then an Executive CEO (Vinai) in April effectively made the position of Executive Chairman redundant, whilst signalling a shift to a modern, corporate structure (that should be massively beneficial to the club). I am interested to see if we make additional appointments to the board as non-Executive Directors (NEDs), as ideally there will be half a dozen experts in different areas that will benefit the club. I'd expect to see at least 2 footballing people on there.

Currently:

Non-Exec Chair - Peter Charrington
Exec CEO - Vinai
Exec Operations & Finance Director - Matthew Collecott
Non-Exec (Independent)- Jonathan Turner (Finance & Technology Expert)

Not only is the Board currently a small number of individuals, their expertise lies almost solely in Finance. If they intend to not sell the club and run it aligned to a new, sporting success, strategy then I'd expect to see 2 or 3 more non-Exec Directors appointed who have expertise in Football governance and legislation, and football operations.
 
spids said:
Looking back I am surprised we did not put 2 + 2 together earlier. I know there was some noise about it since April, but appointing a Non-Exec Chairman (Peter Charrington) in March, and then an Executive CEO (Vinai) in April effectively made the position of Executive Chairman redundant, whilst signalling a shift to a modern, corporate structure (that should be massively beneficial to the club). I am interested to see if we make additional appointments to the board as non-Executive Directors (NEDs), as ideally there will be half a dozen experts in different areas that will benefit the club. I'd expect to see at least 2 footballing people on there.

Currently:

Non-Exec Chair - Peter Charrington
Exec CEO - Vinai
Exec Operations & Finance Director - Matthew Collecott
Non-Exec (Independent)- Jonathan Turner (Finance & Technology Expert)

Not only is the Board currently a small number of individuals, their expertise lies almost solely in Finance. If they intend to not sell the club and run it aligned to a new, sporting success, strategy then I'd expect to see 2 or 3 more non-Exec Directors appointed who have expertise in Football governance and legislation, and football operations.
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Rebecca Caplehorn Director of Football Administrationand Governance is still at the club as shown in the PL handbook, pretty sure she was on the main board at one time then resigned for one reason or another.
 
spids said:
Looking back I am surprised we did not put 2 + 2 together earlier. I know there was some noise about it since April, but appointing a Non-Exec Chairman (Peter Charrington) in March, and then an Executive CEO (Vinai) in April effectively made the position of Executive Chairman redundant, whilst signalling a shift to a modern, corporate structure (that should be massively beneficial to the club). I am interested to see if we make additional appointments to the board as non-Executive Directors (NEDs), as ideally there will be half a dozen experts in different areas that will benefit the club. I'd expect to see at least 2 footballing people on there.

Currently:

Non-Exec Chair - Peter Charrington
Exec CEO - Vinai
Exec Operations & Finance Director - Matthew Collecott
Non-Exec (Independent)- Jonathan Turner (Finance & Technology Expert)

Not only is the Board currently a small number of individuals, their expertise lies almost solely in Finance. If they intend to not sell the club and run it aligned to a new, sporting success, strategy then I'd expect to see 2 or 3 more non-Exec Directors appointed who have expertise in Football governance and legislation, and football operations.
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What if we stop moving chairs around in the Boardroom and BUY A FUCKING WINGER?
 
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