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WMS Who Owns Sunderland AFC?

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kildaremackem said:
it is not a legal requirement, but it is common practice...
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It is a legal requirement under Company Law. The common practice you stated is alluding to Shadow Directors who run the business from behind the scenes. These make decisions that affect the business operations, again, that is contrary to Company Law.

Dependent on the number of shares, there is an equation %, held by an individual/individuals, a Small Holder Director could be appointed but this is very rare and have very little say. Many larger Companies do this as a governance issue.
 

molthemackem said:
It is a legal requirement under Company Law. The common practice you stated is alluding to Shadow Directors who run the business from behind the scenes. These make decisions that affect the business operations, again, that is contrary to Company Law.

Dependent on the number of shares, there is an equation %, held by an individual/individuals, a Small Holder Director could be appointed but this is very rare and have very little say. Many larger Companies do this as a governance issue.
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it is common for small sharehodles to appoint a director, of course under the ;aw all directors are supposed to act in the interests of all shareholders at all times...but that doesnt mean it happens that way.
 
Crispy32 said:
The Krankies might as well own it for what little progress we've made.
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Or Dumb and dumber!..wait a minute !
Fez2 said:
KLD 41, Donald 34. Not sure of others presumably Satori is 20
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So your saying KLD is a lying twat?when he said he had majority control?Or do you think he did a deal with Donald to have his voting rights?so he does in a way have control but not ownership of a majority share holding?If it turns out he doesn't own at least 51% well the lying twat can sell my season ticked to some other fool!One thing is for sure we need to know who owns what!
 
Tin hat on and expect pelters but for a long time I've had a sneaky feeling that Ellis Short still has some pull in our club.
 
Blyth said:
There’s no NDA
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I've thought this all along to be honest.

They were provided the question by RAWA in advance of the meeting yet no mention of it.

It wasn't until the next day, after RAWA refused to let them try and blag their way out of it, that they suddenly remembered they have one.
 
samaistonsrightfoot said:
I've thought this all along to be honest.

They were provided the question by RAWA in advance of the meeting yet no mention of it.

It wasn't until the next day, after RAWA refused to let them try and blag their way out of it, that they suddenly remembered they have one.
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would steve davison have known about it though? he was the one asked about it at the meeting wasnt he? and he isnt a shareholder?
 
kildaremackem said:
would steve davison have known about it though? he was the one asked about it at the meeting wasnt he? and he isnt a shareholder?
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He read out a preprepared statement by them with no mention of it. Even if he wasn't briefed about it (when there's been so much effort gone in to hiding it) when they've discussed the statement with him they would have said in the statement.
 
Sea to Shining Sea said:
Always the same posters doing their absolute best to throw a protective shield around the club owners.

If it’s all as good as made out, just show us the splits. What’s the bother?
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Only joined in the summer to moan about Johnson and its been very clear that you have a group of Labour Activists and a group of Posters who work for the club and worst of all a group of know all's who just defend the status quo.
 
Emcon said:
Only joined in the summer to moan about Johnson and its been very clear that you have a group of Labour Activists and a group of Posters who work for the club and worst of all a group of know all's who just defend the status quo.
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I’m not sure what that Labour activists comment has to do with any of this like. A bizarre thing to say!
 
RTG said:
Sunderland AFC are nine months removed from a reported takeover, yet fans still have no confirmation of who actually owns how much of their club. Chris Weatherspoon looks at a big question that needs answering.

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Why does it need answering? Can we do anything about it? So what the points, concentrate of what we can control.
 
Sea to Shining Sea said:
I’m not sure what that Labour activists comment has to do with any of this like. A bizarre thing to say!
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You’re not wrong there. It’s almost as if it’s a message board for a majority Labour populated city
living in hope said:
Why does it need answering? Can we do anything about it? So what the points, concentrate of what we can control.
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Find it funny how our fans are the first to kick up a fuss about them up their road and their owners yet don’t even stop to think who owns our club. Madness.
 
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