HarrowbyOwl Posted March 20 Share Posted March 20 (edited) 10 hours ago, Luke said: Dc you need to sell the club asap Dc:no Ok thanks for your time Regulator: Sorry pal but if you don't we're going to put in trustees to run the club and sell it 10 hours ago, Luke said: “The other thing that the regulator is going to do is not just do one-off tests, but to actually do the tests periodically to make sure that people are still fit and proper, and to make sure that they’re honouring their commitments and putting in the funding they promised to put in. And if they don’t then they’ll have the ability to tell them to divest and put in trustees to run the club in the meantime. So they will definitely have powers throughout the process that we don’t currently have." Rick Parry, Chairman of the EFL Edited March 20 by HarrowbyOwl 1 Link to comment Share on other sites More sharing options...
A47Owl Posted March 20 Share Posted March 20 I suspect that the more fans protest then the more he will be determined to hold on. That's the Chansiri way. Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted March 20 Share Posted March 20 5 hours ago, Plonk said: Not that I am aware of, which is the point really. So what power will they have to deal with bad owners? Looking at the reporting, it appears they intend to beef up the fit and proper test for new owners, which doesn't help us or Reading. If they have the power to disbar an existing owner, what then ( which comes back to my original question). If it's financial sanctions the club / fans will suffer, so doesn't really help. I'm at a loss as to what a regulator will be able to do that would effectively help clubs like us Its all in the bill mate Clause 39: Removal directions: owners Subsections (1) and (2) specify that where the IFR has determined or is treated as having determined that an owner (P) of a regulated club is not suitable to be an owner, the IFR must give P a removal direction requiring them to take all reasonable steps to cease to be an owner before the end of ‘the removal period’. Clause 41: Directions relating to unsuitable owners and officers Subsection (2) specifies that the IFR may i) give the unsuitable owner or officer a direction prohibiting them (fully or partly) from carrying out specified activities or exercising specified rights as an owner or officer and/or ii) give the club a direction requiring it to ensure that the unsuitable owner or officer does not carry out or exercise (fully or partly) specified activities or rights. Clause 43: Ownership removal orders Subsection (3) sets out a non-exhaustive list of what provision an ownership removal order may include, such as provision which allows for: a. the appointment of trustees; b. the conferment of functions on those trustees (which may allow for trustees to action on behalf of P or any other person); c. P or any other person to be required to take certain action, including in response to directions from appointed trustees. The bill: https://publications.parliament.uk/pa/bills/cbill/58-04/0187/230187.pdf Explantory Notes: https://publications.parliament.uk/pa/bills/cbill/58-04/0187/en/230187en.pdf Hardly bedtime reading but if people actually read the stuff it would make for a better informed debate 3 Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted March 20 Share Posted March 20 6 hours ago, quinnssweetshop said: Sod all will get done Just more free lunches and VIP box days for ex MPs and their chums. With respect that's a very ignorant and ill informed comment 2 2 Link to comment Share on other sites More sharing options...
Blatter Posted March 20 Share Posted March 20 1 hour ago, HarrowbyOwl said: “The other thing that the regulator is going to do is not just do one-off tests, but to actually do the tests periodically to make sure that people are still fit and proper, and to make sure that they’re honouring their commitments and putting in the funding they promised to put in. And if they don’t then they’ll have the ability to tell them to divest and put in trustees to run the club in the meantime. So they will definitely have powers throughout the process that we don’t currently have." Rick Parry, Chairman of the EFL Where does the funding come from to run the club in the meantime. Is there an emergency fund or do trustees go on to sell players. 2 Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted March 20 Share Posted March 20 2 minutes ago, Blatter said: Where does the funding come from to run the club in the meantime. Is there an emergency fund or do trustees go on to sell players. One of the other clauses of the bill involves owners depositing enough money into a reserve buffer to cover running costs of the club for a period. That is to stop owners simply turning off the tap (as Mr C threatened) and leaving the club in the lurch. Presumably the trustees will be able to use that reserve. There's a lot of detail in the bill that I haven't fully understood yet. I'm hoping Nic De Marco will do an an analysis of the actual bill as he did with an excellent analysis of the White Paper 1 Link to comment Share on other sites More sharing options...
1952Owl Posted March 20 Share Posted March 20 If we get relegated sadly.... I think DC will accept there is no point carrying on. Family pressure. Stress. Reputation all time low. New EFL Rules 2 follow. But what "bale out" price would he accept to call it a day and walk? Link to comment Share on other sites More sharing options...
Musn't Grumble Posted March 20 Share Posted March 20 12 hours ago, Orlando_Trustful said: The biggest question is what will they actually do to get rid of owners of like him or the Reading guy. It is all well and good talking about it and issuing threats, but I am still skeptical they will actually be able to get rid of incompetent owners. Especially if there's a period of asset stripping to get as much money out of the the business before the company ceases trading. Additionally, what provision is there for "third parties" like the owner of the ground, selling off of keeping assets that don't belong to the football club, for instance? The worst case scenario may then be upon us, I fear. Link to comment Share on other sites More sharing options...
Maddogbob Posted March 20 Share Posted March 20 11 hours ago, Maddogbob said: To hazard a guess to make money from 1 season in the EPL. Get promoted, and quick sale and return in investment. In my opinion, he gambled and lost. I'm going to rephrase this. He gambled.... We all lost. 3 Link to comment Share on other sites More sharing options...
Goatboy Posted March 20 Share Posted March 20 Even though it's there in black and white, it just doesnt feel likely it would ever happen. Its one thing giving a regulator the power, but its another thing them actually using it. In fact they would do everything possible to avoid it imo. Unless their was an immediate risk of losing a club. First time it gets applied, it will probably end up going to judicial review Link to comment Share on other sites More sharing options...
@owlstalk Posted March 20 Share Posted March 20 I wonder if Chansiri's emails calling fans idiots will be submitted Owlstalk Shop Link to comment Share on other sites More sharing options...
Goatboy Posted March 20 Share Posted March 20 3 minutes ago, @owlstalk said: I wonder if Chansiri's emails calling fans idiots will be submitted He's really shot himself in the foot with stuff like that given one of the main directives of the IFR is to improve fan engagement Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted March 20 Share Posted March 20 (edited) 13 minutes ago, Goatboy said: Even though it's there in black and white, it just doesnt feel likely it would ever happen. Its one thing giving a regulator the power, but its another thing them actually using it. In fact they would do everything possible to avoid it imo. Unless their was an immediate risk of losing a club. First time it gets applied, it will probably end up going to judicial review That's enough to send a shudder down the spine of all bad owners. They're living on borrowed time Edited March 20 by HarrowbyOwl 1 Link to comment Share on other sites More sharing options...
Goatboy Posted March 20 Share Posted March 20 Just now, HarrowbyOwl said: That's enough to send a shudder down the spine of all bad owners I hope youre right mate, but not sure DCs head works like that Link to comment Share on other sites More sharing options...
Tea Baggins Posted March 20 Share Posted March 20 14 minutes ago, @owlstalk said: I wonder if Chansiri's emails calling fans idiots will be submitted I hope so… Im happy to share my dealings with him 2 Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted March 20 Share Posted March 20 11 minutes ago, Goatboy said: I hope youre right mate, but not sure DCs head works like that You do wonder how much of this stuff even filters down to him. Is there anybody at the club with the cajones to tell him he's walking around with a massive target on his back? 1 Link to comment Share on other sites More sharing options...
WalthamOwl Posted March 20 Share Posted March 20 Sell up and get out of our club Chansiri. Link to comment Share on other sites More sharing options...
Jim Posted March 20 Share Posted March 20 You never know this might be one of the reasons he’s particularly quiet at the moment? Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted March 20 Share Posted March 20 young DC is worth 200 million billion quid when gets his inheritance. Just got to ride out the next few years. 1 Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted March 20 Share Posted March 20 (edited) 18 minutes ago, Inspector Lestrade said: young DC is worth 200 million billion quid when gets his inheritance. How come? At current rate that won't even pay the debt DC has run up. He'll be skint Edited March 20 by HarrowbyOwl 1 Link to comment Share on other sites More sharing options...
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