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| Quote ="Big Dave T"Unless a percentage of the exisiting board sided with the fans.
However, my reasoning for contributing to this topic was motivated by the fans having a say, it was more the fans having some ownership and helping us financially.'"
I think theres a "not" missing from that sentence but I get the idea. We do have some input via FCVoices, I'm not sure a token seat on the board would help things.
Bear in mind we have two major shareholders at the moment that are no longer privvy to the decision making process,
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| Quote ="Standee"I think theres a "not" missing from that sentence but I get the idea. We do have some input via FCVoices, I'm not sure a token seat on the board would help things.
Bear in mind we have two major shareholders at the moment that are no longer privvy to the decision making process,'"
Yup, not missing out of the first sentence.
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| Quote ="Big Dave T"I didnt say they couldnt sell them. I just said their shares are seperate to their directors loans been paid off.'"
no matey i wasnt disputing it lol...just sayin thats all
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Club Owner | 7735 | No Team Selected |
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| Quote ="The Brother"A few years ago before the merger with gateshead we was a shareholders club and shane richardson said he wanted to have a share issue again so us the fans have the chance to purchase shares. However this has not being forthcoming under the present regime this is the reason we never really find out what our present fianical situation is.
In the past there was an AGM every year and everyone who had shares was invited to this meeting where the accounts were produdced for every one to see not like now were the only people that seem to know is kath and the croonies.
On the back of a challenge cup win a grand final apperance increased attendances,merchandise and coparate on the increase year after year why do they find it in them to continue to fleece us the fans because all that seems to happen is they put season passes and merchandise up to get even more money off us despite them raking it in.
If were not making money theres something wrong which just goes to prove we are run by a set of idiots who are just intrested in making money for themselves and fleecing us and proves what a bad management team we have at the helm i wish we could fing a big investor who could buy the club back for us the fans so we could invest again with a share issue.
We need somebody on the board who knows a bit about rugby league who is well respected in the game a CEO who deals with rugby issues not buissness leave that to the marketing or whoever deals with that sort of field or appoint someone to solely deal with that'"
Perhaps the fact you cannot construct a sentence, spell or put an argument forward without claiming unsubstantiated rumour is the clearest indication that fans on the board would be the worst thing imaginable.
You claim the club are raking it in? Perhaps the money coming in is to pay off the significant debts we have.
You claim we need someone on the board who knows a bit about Rugby League? Absolute tosh. We need a board of directors who can maximise a business opportunity and drive the business forward. The people who need to be aware of RL are the coaching staff and the players.
This is another attempt by an inquisitive fan to gain inside information.
Say YOU did gain access to the current financial information and, for arguments sake lets say it shows Hull losing money and making losses. What exactly would YOU do about it?
It's all well and good saying we need a wealthy backer, it would be more useful if you could suggest a viable one.
All this boils down to wanting more information for the fans from the club. There are a few threads which this boils down to, the club communicating with fans.
I notice that Radio Humberside have had items on rovers every day this week on their sports bulletins. In all honesty the news items
on rovers have been time fillers. It doesn't actually tell people anything useful or what they didn't already know.
So far this week, Jason Netherton has said how much he think he can learn from paul cooke. The rovers are having a days training at Brid beach and Morgan saying "If we leap frog a couple of teams we will be in 6th or 7th spot"!!! Absolutely ground breaking!.
You want to start a campaign to do something about it as you put it. What you fail to state is what it this something you want to do?
Fans on the board! What a joke!
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| Quote ="Mild mannered Janitor"icon_rolleyes.gif
Perhaps the fact you cannot construct a sentance, spell or put an arguement forward without claiming unsubstantiated rumour is the clearest indication that [ifans[/i on the board would be the worst thing imaginable.
You claim the club are raking it in? Perhaps the money coming in is to pay off the significant debts we have.
You claim we need someone on the board who knowe a bit about Rugby League? Absolute tosh. We need a board of directors who can maximise a business opportunity and drive the business forward. The people who need to be aware of RL are the coaching staff and the players.
This is another attempt by an inquizative fan to gain inside information.
Say YOU did gain aceess to the current financial information and, for arguements sake lets say it shows Hull losing money and making losses. What exactly would YOU do about it?
It's all well and good saying we need a wealthy backer, it would be more useful if you could suggest a viable one.
All this boils down to wanting more information for the fans from the club. There are a few threads which this bolis down to, the club communicating with fans.
I notice that Radio Humberside have had items on rovers every day this week on their sports bulletins. In all honesty the [inews[/i items
on rovers have been time fillers. It doesn't actually tell people anything useful or what they didn't already know.
So far this week, Jason Netherton has said how much he think he can learn from paul cooke. The rovers are having a days training at Brid beach and Morgan saying "If we leap frog a couple of teams we will be in 6th or 7th spot"!!! Absolutely ground breaking!.
You want to start a campaign to [ido something about it[/i as you put it. What you fail to state is what it this something you want to do?
Fans on the board! What a joke!'"
Couldn't have put it better myself. If a CEO's role isn't to "understand business" then I shudder to think what the role of CEO is!
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Club Owner | 7735 | No Team Selected |
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| Quote ="Standee"eusa_clap.gif
Couldn't have put it better myself. If a CEO's role isn't to "understand business" then I shudder to think what the role of CEO is!'"
Cheers
The only reason for the original poster and the likes of Mallo is God (alter ego of the late (not so great) Wally's Barmy Army) is to satisfy their over active curiosity.
Unless you plan to take over the ownership AND control of the company you are wasting everyones time, including the clubs.
Thankfully James Rule has included in a statement recently that the club will not be drawn into answering every last rumour which starts to circulate.
For those wanting to buy shares, unless you have the financial clout to do something, which I very much doubt, either find someone who has or shut up.
I can't imagine Rob Crossland bothered to drum up support for his recent investment into rovers on an internet forum. He has the cash and got on with it.
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| Just a point, im sure all you Stock Exchange whizzers can help
If the club did a share issue, would passholders be given any shares in the same way building socieities did ?
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| Quote ="Hutchie"Just a point, im sure all you Stock Exchange whizzers can help
If the club did a share issue, would passholders be given any shares in the same way building socieities did ?'"
Nope, doesn't work like that Hutchie.
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| Quote ="Standee"Nope, doesn't work like that Hutchie.'"
shame though!
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| Quote ="Big Dave T"shame though!
'"
Absolutely, it's also a shame that £1m wouldn't buy Hull FC, it would be nearer £3m+ by the time you'd finished.
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| Quote ="Standee"Absolutely, it's also a shame that £1m wouldn't buy Hull FC, it would be nearer £3m+ by the time you'd finished.'"
so who wants to go halfs?
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| Quote ="Standee"Nope, doesn't work like that Hutchie.'"
just for my curiousity please explain why
my only dealings in ivesting money is putting cash into a bank account that ends up dissapearing each month
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| Quote ="Hutchie"just for my curiousity please explain why
'"
youre a pass holder/customer, not a shareholder/long term investor.
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| Quote ="Hutchie"just for my curiousity please explain why
my only dealings in ivesting money is putting cash into a bank account that ends up dissapearing each month
'"
When you put cash into a building society the BS gives you interest on your balance, they then use the pooled investments to form the basis (to a certain extent) of their loan provision, therefore as an invester you are implicitly linked to the profitability of the organisation.
A season pass holder isn't investing, you are simply paying up front for games to attract a discount, your money is uesd as operational capital for the club.
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| Quote ="Hutchie"just for my curiousity please explain why
my only dealings in ivesting money is putting cash into a bank account that ends up dissapearing each month
'"
I'm pretty sure if you gave FC a couple of thousand they could make it disappear
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| Quote ="Sir Phoenix"I'm pretty sure if you gave FC a couple of thousand they could make it disappear
'"
do i have to make a MOOOO ing sound when handing it over
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| Quote ="Hutchie"Just a point, im sure all you Stock Exchange whizzers can help
If the club did a share issue, would passholders be given any shares in the same way building socieities did ?'"
Strictly speaking, Building Societies were not companies, they were effectively an organised group of people investing in the same place.
When they changed into Public companies they offered their members shares effectively as a golden hello.
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| Quote ="Hutchie"do i have to make a MOOOO ing sound when handing it over'"
If thats what turns you on i'm sure they would let you but its not compulsory
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| Quote ="Standee"When you put cash into a building society the BS gives you interest on your balance, they then use the pooled investments to form the basis (to a certain extent) of their loan provision, therefore as an invester you are implicitly linked to the profitability of the organisation.
A season pass holder isn't investing, you are simply paying up front for games to attract a discount, your money is uesd as operational capital for the club.'"
Close but no cigar. Building Societies are mutual organisations, "owned" by their members (Investors and borrowers), who are each deemed to own a share in the society (they used to be called share accounts). Demutualisation (flotation), means that the society becomes a company, with "proper" shares which are quoted on the stock exchange. Former members are given a share allocation to compensate them for the loss of their share in the mutual organisation.
Hull FC are already a company, hence the purchase of a service from them does not confer any rights to ownership
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| Quote ="Big Dave T"Debt gone, money into the club. Fans get chance to have a real voice and make decisions.
From a directors point of view you get your loan back (substantial)
Makes it a more attractive business to sell your share.
Negative point would be that a lot of uneducated stupid people would also get a chance to vote for what they want to happen with the club. Hopefully we would have more sensible people to out vote these!'"
Is Big Dave T calling Hull fans "uneducated stupid people"?.
You didnt go to school with Paul Cooke did you Dave? lol.
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| Quote ="R.B.A"Is Big Dave T calling Hull fans "uneducated stupid people"?.
You didnt go to school with Paul Cooke did you Dave? lol.'"
F@ck off you troll
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| issuing shares would solve all the clubs problems. the couple of grand theyd raise would be ploughed into the signign of lockyer, the 100 people who could be bothered to buy in would have a huge impact on the running of the club due to their minuscule voting rights and subsequently north london will become a fine area to visit and live in.
more realistically a few deluded saddos would be able to go to an agm and have absolutely no power over what goes on, whilst wasting perfectly good money ina company thats going nowhere in a hurry
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| Quote ="R.B.A"Is Big Dave T calling Hull fans "uneducated stupid people"?.
You didnt go to school with Paul Cooke did you Dave? lol.'"
Think he was talking about you
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| Are Knocker Norton and Major Black the type of potential shareholders that worry Big Dave T?
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| Quote ="R.B.A"Are Knocker Norton and Major Black the type of potential shareholders that worry Big Dave T?'"
How do you know they are not shareholders?
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