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Wrexham Talk about things related to Wrexham Football Club ! |
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6th June 2019, 08.11:19 | #10-0 (permalink) | |
Legend
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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And was it the full Wst board position ie was it unnanimous? |
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6th June 2019, 08.12:58 | #12-0 (permalink) | |
Tipped As Manager
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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If I won the lottery and put £1m in, I would expect to own the club. |
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6th June 2019, 08.33:00 | #14-0 (permalink) |
Taking coaching badges
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
Worth reading the board response to Bryn's proposals based on legal advice received. I was initially attracted by Bryn's resolutions but worth reading the whole context.
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6th June 2019, 08.35:56 | #15-0 (permalink) | |
Squad Player
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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However, given that the Board are elected by the membership, and have a legal duty to act in the best interests of the Trust (and therefore the club), and without their veto nothing could stop a prospective buyer stuffing the ballot box (by signing up new members who would then vote for a buyout), retaining clause 8 seems sensible to me. And before you say that stuffing the ballot box would never happen – remember the lengths to which Hamilton went to try and get control of the club. Paying 5,000 random strangers recruited online £20 each to sign up as members and vote for a takeover against our best interests would be both easier and cheaper than what he actually did. |
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6th June 2019, 08.36:01 | #16-0 (permalink) |
Legend
Joined: Aug 2009
Racecourse Spot: Tip-toeing down the tech end
Real Name: Wrexham Ultra
Twitter: @casualco
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
Its just more Spencer Spin, the board are obviously making it harder for any investment to be put to the membership.
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Super, super sub Super Jonny Paskin. |
6th June 2019, 08.40:49 | #18-0 (permalink) | |
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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No wonder we're constantly told "there's no one out there". Furthermore, the fact the potential investor must then make a 5k payment to facilitate a second meeting and provide a business plan and proof of funding, but the Society board still has the right to end the process at this stage without disclosing the detail to the membership is unlikely to encourage credible investors to pursue the process to this stage. |
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