| Poor Scunthorpe...another Shyster? 09:44 - Sep 11 with 3679 views | TalkingSutty |
Scunthorpe finally get rid of their ex Chairman Peter Swann to replace him with David Hilton as the new owner..except unbeknown to the fans David Hilton allegedly goes by four different names and has served a couple of years in prison for fraud. I this fella was once associated with Bury. Once they're in your club it's too late.
It's vital that supporters Trusts and supporters do their own due diligence on anybody who is looking to invest in, or take over their football club, that obviously includes our club. It's not good enough to expect the Chairman and Directors to do that and in turn they shouldn't expect supporters Trusts and shareholders/ fans not to also do a deep dive on any individual. It would be negligent as a fan base not to do that. There's too much of this happening. [Post edited 11 Sep 2023 9:57]
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| Poor Scunthorpe...another Shyster? on 10:00 - Sep 11 with 3629 views | James1980 |
Why does football attract these types? Why is it seemingly so easy for them to pull the wool over the eyes of the football boards? |  |
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| Poor Scunthorpe...another Shyster? on 10:06 - Sep 11 with 3615 views | TalkingSutty |
When it comes to bringing in new owners/ investors i would suggest that as a double insurance the supporters trust should also do their own due diligence. After all the ST are a separate entity to those in the Boardroom and represent their members, many of those members will be shareholders ,and Trust members are also indirectly shareholders although not in name. In the current climate that would put a extra layer of scrutiny in place and makes common sense. It would also back up the due diligence done by those in the boardroom. [Post edited 11 Sep 2023 10:24]
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| Poor Scunthorpe...another Shyster? on 19:52 - Sep 11 with 3055 views | watford_dale |
| Poor Scunthorpe...another Shyster? on 10:06 - Sep 11 by TalkingSutty |
When it comes to bringing in new owners/ investors i would suggest that as a double insurance the supporters trust should also do their own due diligence. After all the ST are a separate entity to those in the Boardroom and represent their members, many of those members will be shareholders ,and Trust members are also indirectly shareholders although not in name. In the current climate that would put a extra layer of scrutiny in place and makes common sense. It would also back up the due diligence done by those in the boardroom. [Post edited 11 Sep 2023 10:24]
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The owner should have their vision for the club costed up - so for us say it will be £10m over 4 years. Owner puts £10m in a ring fenced account to pay for those dreams. The owner can now have the keys. | | | |
| Poor Scunthorpe...another Shyster? on 12:31 - Sep 12 with 2632 views | AtThePeake |
| Poor Scunthorpe...another Shyster? on 10:06 - Sep 11 by TalkingSutty |
When it comes to bringing in new owners/ investors i would suggest that as a double insurance the supporters trust should also do their own due diligence. After all the ST are a separate entity to those in the Boardroom and represent their members, many of those members will be shareholders ,and Trust members are also indirectly shareholders although not in name. In the current climate that would put a extra layer of scrutiny in place and makes common sense. It would also back up the due diligence done by those in the boardroom. [Post edited 11 Sep 2023 10:24]
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I think the Trust are well on top of this to be fair: https://www.daletrust.co.uk/2023/07/trust-statement-7/ |  |
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| Poor Scunthorpe...another Shyster? on 15:43 - Sep 12 with 2441 views | TalkingSutty |
That link says that the Trust will want to meet up with any prospective investors, that's great but there needs to be more than that. I was suggesting that the Trust might want to do their own due diligence once they have been made aware of the individual in question, due to the fact that they are the clubs biggest shareholder and represent about a thousand members. We also have about 500 shareholders, so a lot of the fan base have invested in shares in the club. The Trusts main role is to represent the fans and protect the club. There are also people in and around the boardroom who would have sold their shares to MH had it not been for fan intervention, influential shareholders who failed with due diligence at the time or simply didn't really care. That can never be forgotten or ignored. It's up to the Trust, shareholders and fans to also do our own due diligence on anybody who comes into the club, that's what we all promised to do at the time Halsall and MH nearly got hold of it. Hopefully those in the Boardroom will find a legitimate investor but with so many shareholders invested in the club, that person will be scrutinised like never before and that's how it should be when it comes to a fan owned club. Simon Gauge and the Directors aren't daft they will know that will happen anyway and as Dale fans themselves they will undoubtedly welcome the increased scrutiny. We all want what's best for the club. [Post edited 12 Sep 2023 16:09]
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| Poor Scunthorpe...another Shyster? on 16:49 - Sep 12 with 2340 views | scarrow |
Meanwhile Southend looked doomed as the Australian investor has pulled out |  |
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| Poor Scunthorpe...another Shyster? on 17:02 - Sep 12 with 2321 views | AtThePeake |
| Poor Scunthorpe...another Shyster? on 15:43 - Sep 12 by TalkingSutty |
That link says that the Trust will want to meet up with any prospective investors, that's great but there needs to be more than that. I was suggesting that the Trust might want to do their own due diligence once they have been made aware of the individual in question, due to the fact that they are the clubs biggest shareholder and represent about a thousand members. We also have about 500 shareholders, so a lot of the fan base have invested in shares in the club. The Trusts main role is to represent the fans and protect the club. There are also people in and around the boardroom who would have sold their shares to MH had it not been for fan intervention, influential shareholders who failed with due diligence at the time or simply didn't really care. That can never be forgotten or ignored. It's up to the Trust, shareholders and fans to also do our own due diligence on anybody who comes into the club, that's what we all promised to do at the time Halsall and MH nearly got hold of it. Hopefully those in the Boardroom will find a legitimate investor but with so many shareholders invested in the club, that person will be scrutinised like never before and that's how it should be when it comes to a fan owned club. Simon Gauge and the Directors aren't daft they will know that will happen anyway and as Dale fans themselves they will undoubtedly welcome the increased scrutiny. We all want what's best for the club. [Post edited 12 Sep 2023 16:09]
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I'm 100% certain the Trust will be doing exactly that as well. | |
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| Poor Scunthorpe...another Shyster? on 17:41 - Sep 12 with 2253 views | James1980 |
Maybe the reason we have not yet had a buyer is because our boards due diligence has been particularly robust. | |
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| Poor Scunthorpe...another Shyster? on 19:24 - Sep 12 with 2106 views | scarrow |
| Poor Scunthorpe...another Shyster? on 17:41 - Sep 12 by James1980 |
Maybe the reason we have not yet had a buyer is because our boards due diligence has been particularly robust. |
or the board want too much for their shares | |
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