S.A.F.C. - the future

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Lewberry Pie said:
Was this not always the case, KLD and Sartori have control of the club with their shares. KLD running the club, Donald holding his shares hoping he can sell at a later date for big profit
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I think tbat might be mire ir kess the case.

But broader assumptions were allowed to take hold suggesting that KLD had over 50% himself.

But there we are. It's a matter of finances though. Clearly, if money put in has to me matched, pro rata by those two, not much will be going in.
 
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Lewberry Pie said:
Was this not always the case, KLD and Sartori have control of the club with their shares. KLD running the club, Donald holding his shares hoping he can sell at a later date for big profit
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Yes. There are also 6 allies for KLD on the board. Won't be posting more on this as it's got out of hand already and frankly don't have time to obsess on footy forums.

That said, the club have a **** ton they need to do in terms of PR and absolute transparency. They have let this get away from them and it's not good. Not good at all.
 
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Prehab26 said:
Yes. There are also 6 allies for KLD on the board. Won't be posting more on this as it's got out of hand already and frankly don't have time to obsess on footy forums.

That said, the club have a **** ton they need to do in terms of PR and absolute transparency. They have let this get away from them and it's not good. Not good at all.
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This, I’m not going overboard but I’m not happy at all that honesty seems to be something the club aren’t able to do.
 
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Mackem74 said:
How is it a lie though. Having a controlling interest doesnt mean he has to have 50.1pc. He can still have the controlling interest with 25pc. Think a lot of people are jumping about getting angry but why?
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When he said he had a controlling interest I, like many fans, took that to mean he was in control of everything that happened at SAFC.

Discovering now that KLD only has 41%, meaning that he can be outvoted, shows that he isn't in control.

I might have misunderstood at the outset, but SAFC have done everything they could to blur this issue and hide the true facts.

If we haven't been outright lied to then we have certainly been led a merry dance.

There are probably many season ticket holders that wouldn't have renewed had they known KLD didn't have a majority holding.

I'm really pissed off and god knows what the mood in the stadium is going to be like.
 
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Prehab26 said:
Yes. There are also 6 allies for KLD on the board. Won't be posting more on this as it's got out of hand already and frankly don't have time to obsess on footy forums.

That said, the club have a **** ton they need to do in terms of PR and absolute transparency. They have let this get away from them and it's not good. Not good at all.
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It has honestly got me banging my head against a brick wall sometimes, people are obsessing and arguing about the wrong thing lol. Like you say though why the **** Donald can't just be honest and the club stated the shares at the beginning is a ****ing mystery they have brought this on themselves
 
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Draig said:
When he said he had a controlling interest I, like many fans, took that to mean he was in control of everything that happened at SAFC.

Discovering now that KLD only has 41%, meaning that he can be outvoted, shows that he isn't in control.

I might have misunderstood at the outset, but SAFC have done everything they could to blur this issue and hide the true facts.

If we haven't been outright lied to then we have certainly been led a merry dance.

There are probably many season ticket holders that wouldn't have renewed had they known KLD didn't have a majority holding.

I'm really pissed off and god knows what the mood in the stadium is going to be like.
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He is 100% in control of everything, literally everything him and the people he has appointed are running every aspect of the footballing decisions.
 
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The club shouldn’t HAVE to give detailed explanations about ownership. But I’m afraid they’ve dug themselves a hole where they now have to.

All we wanted when we wanted rid of Madrox was an ownership we could trust. KLD has proven himself to be somebody we can’t. Might sound over the top but if we are going to start defending our new owner misleading fans about how much control he has on his initial statement, we might as well just keep Madrox.

Of course some of what he has done is brilliant. That’s what makes the fact he’s lied to us such a damn shame.

if they’d been honest up front, taken the heat, all would be rosey. Instead they pretended it was something it wasn’t and kicked the bad news can down the road, hoping we’d either never get to find out or by the time we did we’d be promoted and all forgiven:

I’ve had enough of it. So I’m basically in the boat of thinking sod just wanting Madrox out, KLD is in the same bucket until he gives us a reason to think he can be trusted. Seems more and more clear to me that whilst not officially, KLD is more linked to Madrox than we’d like.
 
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Lewberry Pie said:
He is 100% in control of everything, literally everything him and the people he has appointed are running every aspect of the footballing decisions.
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He can be ousted by a majority vote of shareholders. He might be running things day to day, but he is subject to an EGM being called whenever he does something the Madrox group dislike. Ergo he is not in 100% control of SAFC!
 
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Draig said:
He can be ousted by a majority vote of shareholders. He might be running things day to day, but he is subject to an EGM being called whenever he does something the Madrox group dislike. Ergo he is not in 100% control of SAFC!
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That's where people are making the error you are correct to say majority vote can do that but he and Sartori and methven and the new "group" Donald is the silent partner with no control.
 
If voting rights are any different to ownership percentages, I can’t think of a reason why they wouldn’t say so. So anybody hoping that secretly KLD does have a controlling share, I can’t see why he / they wouldn’t reveal the voting rights if so. They’re less sensitive than the ownership percentages.
 
Mackem74 said:
How is it a lie though. Having a controlling interest doesnt mean he has to have 50.1pc. He can still have the controlling interest with 25pc. Think a lot of people are jumping about getting angry but why?
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If there's one thing I'd have hoped KLD learned prior to the takeover it was that there was a huge amount of mistrust between the owners and fans.
Specifically relating to "trust" because they'd deliberately mislead us.

For a new owner to come in and talk about having a "controlling interest" in the club whilst mentioning the previous owners as "asset stripping"?
And all the while he didn't have a legal controlling interest?

That's a whole new level of lunacy and misjudgement on his part.

And the crack about "asset stripping" looks less like a statement of truth than a calculated and rehearsed statement to mislead the fans and get them on board.

After being mislead by the other two - the LAST thing he should have done is said ANYTHING which could come back and used against him.

The yardstick shouldn't be just "has wrongdoing evidently occurred", it should be "Can people read something into this that will reasonably allow them to assume wrongdoing has occurred"?

We were mislead. Just like about the parachute payment

After the previous owners this is absolutely the LAST thing he should have done.
 
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Lewberry Pie said:
That's where people are making the error you are correct to say majority vote can do that but he and Sartori and methven and the new "group" Donald is the silent partner with no control.
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Sartori - I've got no idea where his loyalties lie, does anyone? As far as I know he has never gone on record about this.

Methven? His share holding isn't at all meaningful as SD + JS > KLD + CM
 
Southern A said:
I think who out of Madrox owns what is an irrelevance to me. All I care about is the fact that we’ve been misled. That says more to me about intentions than any percentages will.
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biggest problem is they still own 59% of club so majority of it been one mega lie from the start
 
So,is it KLD 41%, SD34% and what’s the split between Sartori and Methven…. I know it’s here somewhere but can’t find it?
 
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