Perhaps Huw had earmarked and identified both sales & purchases..... In reality, we generated c£40m on sales, and spent £30m on purchases. So, a net transfer income of c£10m.
That was in January - well before the announcement Didn't Huw say that the accounts to end June/July would show a substantial loss? Additionally, he said that the accounts would be published in October - I've been told that, in reality, they won't!
Huw when i was in the trust refused countless time to invite the fans trust representitive to board meetings....it was an utter joke that said everything what the chairman thought of the trust....Hopefully soon we will get a new chairman who will embrace the work that the trust have done and treat the trust better....
How can you be invited if you are not told there is a meeting......you cant tell me anything about the trust kiff you really cant.....
This is the Damning part: On the 19th July the Supporters Trust were then approached by Chris Farnell, a solicitor acting for Huw Jenkins and other selling parties, asking the Trust to sign a waiver stating that the original Shareholders Agreement was not, and had never been, valid. This document, which was sent with the full awareness of Huw Jenkins as a signatory, also came with the offer that, if signed, the Supporters Trust would be afforded 2 director positions on the club board – one full directorship and the other with observer status. This offer was rejected and the document remains unsigned on our part. It also demonstrates that, even though the sellers warranted that there was no existing shareholder agreement, the sellers were more than aware of its existence, otherwise why would they seek to invalidate it? Huw Jenkins cannot and should not survive this, he has acted against the clubs interest in favour of his own, and as such I hope the Trust have a strong enough case for criminal action, I've said before that these Yanks have past form for disregarding fans interest with DC, now they are exposed again with the same game, but what is so reprehensible in all this is the conduct of all the existing board members, especially Martin Morgan and Huw Jenkins, what a band of robbers they have now turned out to be, a bunch of crooked thieves, makes me sick in the stomach.....................
We have now completed our initial discussions with our legal counsel. This is the same barrister we consulted with on the initial American interest in 2014 , and who is an experienced barrister with over 20 years’ experience in matters such as contractual disputes and possible Unfair Prejudice actions. We asked him to confirm (amongst other things): Whether we had any claim for unfair prejudice due to actions taken by buyers and sellers; Whether the 2002 shareholders agreement was valid; Whether we can argue that new articles being passed without notification/agreement to us makes them invalid; What actions the Trust should take; Following an email response and a follow up meeting held last week, we can draw the following conclusions: It is clear that the buyers and particularly the sellers colluded against the Supporters Trust in the way that we were excluded from all negotiations, and that our interests have been prejudiced against. Whether this would enable the Trust to launch a successful formal legal action for Unfair Prejudice, thereby compelling the Buyer to buy out the Trust shareholding, is not clear so we are seeking further guidance from our Barrister. The 2002 Shareholders Agreement is valid and the sellers should not have warranted otherwise. The actions of the selling shareholders amounts to a clear breach of contract. We have asked out Barrister to assess what claims we have against the Sellers as a result. While the passing of the new Articles of Association without our consent does not invalidate them, the failure to comply with notice provisions means that the directors are guilty of a criminal offence. We have asked our Barrister to advise on whether there is any merit in the Trust seeking to take action, either in the name of the Trust or in the name of the football club, to see what remedies are available to the Trust and what action may be taken against the Directors and by whom – how would we go about informing the authorities and what sanctions could the directors face? As you can see, our legal options are still being assessed and we will obtain the best guidance we can to ensure the Trust members’ best interests are maintained. Whilst we have sought an initial opinion from counsel, we have not yet made any firm decisions in terms of the next steps to be taken. I hope the Trust will have the vigour and determination to rid our club of the vermin in the boardroom, nothing else will suffice...............
Why is it that whatever the Americans touch in the Premier League turns to ****? Just throwing that out there.
As bad as this sounds I am trying to stay positive over all of this. I didnt want the Yanks here and I don't want them here now. They are here and we have to go with them. I still believe we have a good enough side to stay in the PL and it what happens on the pitch for me is important. I hope we win tomorrow and we get on with getting out of the relegation zone and BB gets us playing. I know the trust are pissed over this, but we are going to have to wait and see how this develops. Seems BB made a good impression with some from the trust. http://www.walesonline.co.uk/sport/football/football-news/bob-bradley-on-same-page-12055568
I think 99.9% of Jacks already knew this. The only ones who didn't care are the ****ers that sold the club too them.
It's because American owners destroye football clubs. They also promised investment. We know this to be a lie too.
No point in getting mad over this boardroom greed headed by Huw Jenkins, but certainly time to proceed with legal and criminal action, I hope that the Trust will be very determined in it's action to bring these greedy individuals to book, I'm sure that the Trust will get the full support of over 20,000 Jack army in the fight to get legal redress, even if it means bringing criminal action, it must be done to remove what is rotten from the heart of the club. It is clear from the Trust statement that Huw Jenkins position is now untenable, and he should resign if he has the slightest remnants of any moral fibre, his actions in attempting to bribe the trust are despicable, and have been noted by all interested in the long term security of the club...........
