Confirmed KLD only owns 41%

[NorthumberlandMackem]

No better time than to share this

You must be logged on to see external links

What The Falk has shared this on his Twitter Account. Not the picture but the statement. None of the others haven't (yet). Pressure needs to be ramped up now.

 

[TX45]

Club stooge, delete your account man.

Calm down you’ll have a heart attack!

 

[Grumpy Old Man]

Think they do that for directors as well as new owners.

No but “madrox” own 59% - SD 34%, JS 20%, CM 5%

Madrox don't own anything. Again, are the three acting together? I think not.

 

[AndrewP]

That's not contradictory to having 41% of shares. He can still have control over everything written into the agreement.

You don't have control without a majority.

 

[KittenMittens]

I don't ever recall claiming anything else. I'm very aware of my own mortality, thank you. For what it's worth. I'm as shocked as anyone else, if not more so.

Is this the day you finally start listening to me where these two are concerned?

 

[Bob Fleming]

This is revealing a really f***ing dirty lie. So much hope for the future when KLD came in. Thinking we were in decent hands when rivals were being taken over by a murderous government with money.

Yes, here we are now finding out that it was all one big dirty lie. He doesn't have control.

Fuck them. This needs some serious protest. Bed sheets the lot.

 

[king of the road]

F**k em. I’m done. They sucked me in once. Never again. I’ll go back when they’ve f**ked off. It’s a porky too far for me.

Mosque on the Hill from now on Dil?

 

[Daffy]

Get out of our club
Cheating lying wankers
Utter disgrace

 

[KittenMittens]

Madrox don't own anything. Again, are the three acting together? I think not.

I think they are.

 

[Mowgli]

You were telling me on the original RAWA minutes thread he can't have a governance control without being a majority shareholder.

"He's put out a statement saying he has governance control. That requires a majority shareholding by that shareholder alone."

You were also having pops at people who were suggesting he had less than 50% saying they are calling him a liar.

This @Grumpy Old Man has a few apologies to dish out tbh. Hope his free Guinness was worth it.

 

[Sea to Shining Sea]

His position has become untenable I'm afraid

He should be as welcome as anyone on this board (apart from some posters who deliberately obfuscate and have their own little agendas going on).

I think supporters should just be careful to not put certain information from chosen individuals on a pedestal and accept everything said as gospel.

 

[kildaremackem]

The assumption everyone is making is that JS, SD, and CM are still collaborating. Madrox is no longer involved at all (the registered office is now in Oxfordshire); they hold shares in Mercator as individuals. My own feeling is that Donald is the isolated one, with JS and CM now backing KLD.

do you mean that madrox (the company) owns zero shares in safc now? or in marcator now?

 

[TB22]

He knows how to run a football club.

He knows how to ruin a football club

 

[AndrewP]

Madrox don't own anything. Again, are the three acting together? I think not.

You've stated consistently that he must own more than 50% of the shares in the club.

Has he lied, or is there another way of having a controlling interest?

 

[samaistonsrightfoot]

You're not really going down this route are you?

It's literally includes a statement from KLD

 

[Grumpy Old Man]

I am sure if that is the case they will be happy to share the agreement with us ....... or maybe not.

If anything is covered by an NDA, that will be it.

 

[RedAndWhiteJeff]

His position has become untenable I'm afraid

 

[mackembulldog]

totally ruining it for a lot of people... knew these jokers were still pulling the strings/wool over our eyes

 

[Gaz]

The assumption everyone is making is that JS, SD, and CM are still collaborating. Madrox is no longer involved at all (the registered office is now in Oxfordshire); they hold shares in Mercator as individuals. My own feeling is that Donald is the isolated one, with JS and CM now backing KLD.

I think its the uncertainty, nobody really knows what JS intentions are or what he thinks. He may well be with KLD, but he may not.

The shambles recently has everyone wondering now, rightly so. This club

 

[Roger]

Also it depends how the voting shares are
distributed. If Sartori doesn't have any, which would
explain his general lack of involvement, then KLD
has his controlling interest. It would also explain
the distribution numbers. 100 minus twenty leaves
eighty, forty one percent is the magic number.

From over the road

That would make a lot of sense.