When you buy a property/building you usually mortgage it.....???

All this smacks of someone having had a conversation with someone about a possible takeover of the club, not receiving a favourable response. They have then hooked someone in selling them this ‘blue sky’ scenario of what they will do for the club. Said person has then posted this on the forum, launching personal attacks on the current BoD and shareholders in the process. Says a lot about the integrity of people involved when they get someone else to spout off and sell the story because they haven’t got the bottle to do it themselves - yet they will share the forum post all over the clubs social media outlets!! Just my tuppence worth!!

My view is you protest too much methinks.

If the 10 are set in stone and everything is in place then why are people still been asked if they want in? An ex-director was asked only a couple of days ago and dismissed the offer out of hand after hearing the people involved and what their vision was.

Chris I respect your opinion, and we have had similar opinions about the club and how it is run over the years, but in this instance you are been played by a group of people who are using you to stir things up.

Thank you to those who pointed me to the Companies House shareholder list.

Some interesting points.
- Whilst Mr Steele clearly converted his “loans” into shares he is not a majority shareholder so if the others feel the offer is worthwhile he can be outvoted.
- I hadn’t realised that Mr Posner, who has gone south, had moved his shares to Mr Turner, as they are friends I suspect that was for nothing and increasing his involvement. I also don’t think we really thanked him enough for what he did for us when we really where in a mess...twice.
- I see the business guru (lol) Abbott is still a big shareholder, is that why he still gets a free box etc at every home game (as does Mr Croad), did they do a deal to get their investments back in kind, so are not such great benefactors after all?

Last point. Still no names for the “ten disciples”. They should put up or shut up all they have done is undermine the BOD and hired Chris Smith as a rather illiterate mouthpiece.

Chris smith. Fax have never owned the shay so how can you make out that Croad and Abbott was trying to mortgage it to the hilt. Abbott wanted to buy the shay but was nowhere near getting it. All you ever post on here is pulling the board apart that has kept the club solvent for years.

To own it he was looking to take the club massively in debt.... Pretty simple really. Kept them solvent? One shareholder did more than most and is a great chap, but believe me the others have had their cash back with interest.....

I assume by taking out a commercial mortgage to buy it from the council.

This group have put together the most sensible financial proposal the club is likely to ever see again

This group have put together the most sensible financial proposal the club is ever likely to see again

Then lets see the details. Its very hard for fans to speculate on this, I want to be positive about it but there's a lot of examples of clubs getting into bed with the first man to wave money at them, and ending up worse off in the long run. Derek at Leigh, Marwan at Salford, that crazy guy at Barrow a while back (?)...