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Confirmed KLD only owns 41%

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Meathead said:
I know KLD has gone too far for many but if he has any hope of building bridges, he needs to either attend the fans meeting tomorrow and put all of his cards ion the table or share a video explaining everything so far and his intentions. We need total transparency and honesty else it’s an absolute waste.
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The RAWA minutes are good for those of us who pay an active interest in what’s going on at the club. However I think this will have pissed off a broader section of the fan base, and as such needs addressing head on by KLD.

He needs to apologise for a start, explain why he misled the fans, then tell us what he’s going to do about it.

Since promotion doesn’t look likely this season, this will continue to be a big talking point.

He’s got 2 chances to gain trust back. Spend his way out of this league, or buy the chuckle brothers out.
 

DonaldDownTheWing said:
The RAWA minutes are good for those of us who pay an active interest in what’s going on at the club. However I think this will have pissed off a broader section of the fan base, and as such needs addressing head on by KLD.

He needs to apologise for a start, explain why he misled the fans, then tell us what he’s going to do about it.

Since promotion doesn’t look likely this season, this will continue to be a big talking point.

He’s got 2 chances to gain trust back. Spend his way out of this league, or buy the chuckle brothers out.
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Wont ever get trust back for me
 
TommyB said:
Precisely. That's all companies house shows a list of directors. Mercator owns the club. Am I correct that KLD owning 41% of shares in Mercator gives him a controlling interest in that company I.e. not necessarily majority ownership but a controlling interest which are two entirely different concepts?
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This is partially correct.

I think as always, the devil is in the detail of the wording with these people. I mentioned this to someone else privately, but I think they've said 'controlling interest' but have given themselves some wiggle room.

I think what they are trying to pass off as 'controlling interest' is that he has taken a stake that gives him control of the footballing side. In a sense, this is accurate as he does have that control, and he has the most shares individually.

But by a legal definition, it's plainly bollocks as hes clearly not in control of the company, which is what you would assume in spirit from his statement. I know how these things work and they've deliberately kept control of the holding company, while adding the ambiguity of KLD having all the public facing control. There are no repercussions for this realistically. It's not like they're doing it in a way that would deceive a buyer/seller directly, and they could argue the statement was ambiguous, but it also explains why they're not keen on the full facts being known, as it exposes that the initial statement was not in the spirit of any reasonable interpretation.

This is their modus operandi, and it always pays to do two things with them:

1: ask yourself whether there is any ambiguity in any statement they make. Every word they say is chosen carefully

2: watch every related document or filing, and every financial update, to see if it matches with what they have said.

Unfortunately, so far, we have learned the hard way that SD, JS and CM have no moral objection to doing anything at all. I'm choosing to give KLD the benefit of the doubt as there seems no obvious reason for him to be involved in such ridiculous deceit, but once he's in, he may not have control over the wording of ownership statements.
 
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kildaremackem said:
complete comjecture..i doubt he knows who stewart donald is...keane came to safc for negotations as someone who works with a safc director every week..he knew the score he still came to negitiate. quinny called out keanes bullshiot and dishonesty..
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We’ll see, it’ll come out eventually and i’d bet at least some of it is down to ownership and especially the madrox clowns that hang about.

He will know SD as they approached keane about the managers job, it was reported at the time
 
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Fetch Fletch said:
I’m sure it was @JAZZMANB and Asda nind
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Usual sloppy versions of the truth . Aye it was me ,didn't mention "deserve "
It's up to the owners imo whether they disclose stuff
No one would have even asked if Ross's team turned up in the final .my asda analogy was no ine asks them..
To me all this fact finding is to back up people's opinions on the running of the club going back however long ,massive blame game, to what end I'm not sure . All the people within that period carry some of the blame .
I assume people think all these board members are doing a poor job on purpose? Why I'm not sure
 
SuperGerryHarrison said:
Until we know the voting rights it's all conjecture.

The last set of articles dates to 2019, the fact none have been filed following KLDs investment could be telling
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We will never find out this information as the shares are owned by Mercator a foreign domiciled company in which KLD owns 41%. The rights assigned to those shares are likely to be subject to an NDA
 
Meathead said:
I know KLD has gone too far for many but if he has any hope of building bridges, he needs to either attend the fans meeting tomorrow and put all of his cards ion the table or share a video explaining everything so far and his intentions. We need total transparency and honesty else it’s an absolute waste.
Click to expand...
Honesty from any of the fuckers who have been lying through their teeth for a year....................Yes and Christmas has been moved to November this year (honest)
 
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