The Chairman was appointed by the major shareholders. They agreed to let him continue Much as they just appointed Birch......
Lost the argument yet again i see....What should the Americans have done ? Jenkins was running the club ffs........They trusted him to carry on with the job....He ended up doing a bad job but they were not to know that would happen would they...
If you follow the thread overleaf, I think that Dai is modifying his stance (again?). He blames Huw and Pearlman, PGF points out that the Yanks let his appointment as Chairman continue, then Dai just says ‘And who was the Chairman, Muppet?’ It’s then pointed out that the Yanks appointed him ! His last comment is sensible - suggesting he now understand - and in all honesty, is merely stating the bleeding obvious
Dai....as a businessman (??!?!!!) you would understand that the big mistake the Yanks made was getting involved in the first place. They must have known they had no wish to put more money in but bought a controlling interest in a £100 m. asset that had a dicey future. If they had looked at the accounts carefully, they would have seen barely marginal operating accounts and a system propped up by transfer profits.....that needed further investment which could have paid off.....in an industry that is packed with big clubs held together by sugar daddies in the main. (there are a few exceptions but very few and they are all in big cities!). How they suddenly converted into 'businessmen' I am not sure. But the current activity is driven very much by plummeting income and a need to cut costs accordingly....and get some more transfer profits to square the circle.
