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Confirmed KLD only owns 41%

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KittenMittens said:
I'm aware of your previous health issues which is why I think people should remember there's a human being at the other end of the computer or phone. Nobody is infallible. We may disagree, but I try to keep things polite.

Here would be my questions for the supporters meeting:

1: Who does the club delegation represent? Is it KLD and his directors, or is it the club ownership group?
2: In the case of further investment into SAFC, is it a fair assumption that 59% of all future investment must come from the previous owners, SD, CM and JS?
3: We want to believe in KLD, not only his control of the football side, but also his ownership. What kind of financial commitment is KLD willing to make towards SAFC, and is that level of investment likely to be acceptable to our old owners?
4: What is KLD's long term plan for the club from his own shareholding perspective? Does he have any desire to take more financial control, and how amenable are the old ownership group to that happening? Do they have an ideal timescale or trigger point (eg: promotion)?
5: Can the club owners collectively commit to being more transparent in their financial dealings and the club ownership in future? Trust needs to be rebuilt, and part of that is not obstructing our view and hoping we won't find out. We will, and it'll be worse when we do.

I'm hoping they realise that they don't benefit by hiding anything. When it comes out, it just reinforces the idea that something nefarious is going on.
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Add this to my post earlier and i'm sure ive missed many others and we're starting to shape supporter questions
Confirmed KLD only owns 41%
@Guinness Guzzler (can't remember who else is there sorry)
 
The Beautiful Game said:
He lied about the “takeover”, he misled about having a controlling majority, he lied about an NDA. He’s as shady as madrox are.
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Perhaps he has a controlling majority - maybe there was an NDA in place. Last time he was asked about the share split he said it would be revealed in due course and so it has. He still gets the benefit of the doubt from me.
Steve F said:
KLD has blatantly mislead all of us. His 41% gives him a controlling interest yes but that isn’t a majority shareholding as was stated when he supposedly took over.

This news is criminal, to let the fan base think he had overall control of the club is blatant deceit.

There is literally NO COMING BACK FROM THIS, my guess he will sell his share and hopefully we will find a buyer who will his and the other liars shares aswell
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Where was it stated he had a majority shareholding?
 
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kildaremackem said:
they have one rep on the board...so thats one vote between the two of them...kld has at least 3..so it majkes no difference how sartori votes
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How does that work then? KLD and his lot vote to relay the pitch and they send a bill to SD for 34% of the cost (simplistic example I know).
Or is it the case that although KLD may have overall control of decisions but will have to operate in a financial environment decided upon by the madrox lot?
 
Bonzo said:
I would of walked away and left them to it, go and buy another club outright.
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Its a really strange situation. Possibly the most worrying element is the possibility that it is KLD's youth and inexperience that has got him into this mess. He has been naive at best and needs some good advice from the other fellas he brought onto the board because he's in big trouble. Without fans support owners often have to go at some point.
 
Zidane said:
I'm still inclined to give KLD the benefit of doubt.

I think he wants 100% of the club and is playing the long game to get it, putting up with a crappy deal initially.
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I hope so but the thing is his hands are tied now.

Far from having the clout he's in a position now where he's unable to spend because it'll be lining the chancers pockets.

The other 3 can basically veto him on anything and everything if they so desire.

It's a proper shit show and we deserve better.

The only way for him to save face now is if he somehow manages to gain full control which isn't going to happen because he's basically being held to ransom by the three other stooges.

Greedy parasitic bastards.
 
KittenMittens said:
I'm aware of your previous health issues which is why I think people should remember there's a human being at the other end of the computer or phone. Nobody is infallible. We may disagree, but I try to keep things polite.

Here would be my questions for the supporters meeting:

1: Who does the club delegation represent? Is it KLD and his directors, or is it the club ownership group?
2: In the case of further investment into SAFC, is it a fair assumption that 59% of all future investment must come from the previous owners, SD, CM and JS?
3: We want to believe in KLD, not only his control of the football side, but also his ownership. What kind of financial commitment is KLD willing to make towards SAFC, and is that level of investment likely to be acceptable to our old owners?
4: What is KLD's long term plan for the club from his own shareholding perspective? Does he have any desire to take more financial control, and how amenable are the old ownership group to that happening? Do they have an ideal timescale or trigger point (eg: promotion)?
5: Can the club owners collectively commit to being more transparent in their financial dealings and the club ownership in future? Trust needs to be rebuilt, and part of that is not obstructing our view and hoping we won't find out. We will, and it'll be worse when we do.

I'm hoping they realise that they don't benefit by hiding anything. When it comes out, it just reinforces the idea that something nefarious is going on.
Click to expand...

I want to know what Mercator is all about as well now tbh and why false docs were lodged with CH.
 
sksk3021 said:
How does that work then? KLD and his lot vote to relay the pitch and they send a bill to SD for 34% of the cost (simplistic example I know).
Or is it the case that although KLD may have overall control of decisions but will have to operate in a financial environment decided upon by the madrox lot?
Click to expand...
they agree a budget at the start of the year..with an amount requird to be out in by each....and agree on what to spend it..
they had to do the above to get the league to approve the takeover..and the league asked for proof of funds from the madrox group..which delayed the takeove a bit.
 
sir rowell cummins said:
I do think a strategy for data science and analysis, or let's say wise efficient management of recruitment and resources is spot on and should come first before money is spent. Spending wisely and not being exploited basically. But it's also clear an extra bit of quality up front, midfield, right back and central defence would have us higher. There has been some over caution i think which hasn't ultimately been sensible or wise. That bit smells of Madrox but may well not be.
Click to expand...

I agree with putting a recruitment strategy in place and utilising data etc - all very sensible and I'd give credit to whoever at the club at least seems to be trying to put that in place. It still seems clear to me though that the owners of the club are limited in what they can spend (or they just don't want to spend) and use FFP as an excuse to hide behind. We're the biggest club in the league and get the biggest attendance by a mile, that should count for something at this level.

Put it this way, if the Saudi murderers took us over in the summer would we have been scratting around for frees like Corry Evans and random kids on loan? I seriously doubt it.
 
what if he didn't declare knowing fine well this bed pissing mess would happen? so better to try and get in a decent position before it happens and the pitch forks are sharpened.

speakman is currently loving this. gets him out of the firing line again. then if we lose, it'll be Neil on the blocks or probably Doyle, Cirkin or Evans back as the whipping boys. Is Gooch available? they'll probably play him just as a smokescreen for the abuse.
 
BumbleBee said:
Perhaps he has a controlling majority - maybe there was an NDA in place. Last time he was asked about the share split he said it would be revealed in due course and so it has. He still gets the benefit of the doubt from me.


Where was it stated he had a majority shareholding?
Click to expand...

The club has allowed all media outlets to report at the time and subsequently that KLD had a MAJORITY shareholding ie at least 51%…. He hadn’t and they have never tried to clarify that to us
 
kildaremackem said:
they agree a budget at the start of the year..with an amount requird to be out in by each....and agree on what to spend it..
they had to do the above to get the league to approve the takeover..and the league asked for proof of funds from the madrox group..which delayed the takeove a bit.
Click to expand...
So while he might have operational control he has to work within the parameters set by them?
The whole thing is an absolute mess, wonder how it works with the money SD said he was going to put back in.
 
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