I've mentioned before that Kenny's reason for resigning just didn't make sense ......... "it became clear that the overall direction the club wishes to take did not align with Lee’s own vision."
So I'm assuming he was out voted by the other 2 BOD members regarding this "vision", but neither Bannister or Uttley have stepped up to be chairman or explained the vision. As I say, it doesn't make sense.
There'll be some very angry people out there who have donated lots of money to save the club, just to see it a complete waste if the company still winds up.
438_1551258406.jpg"If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.:d7dc4b20b2c2dd7b76ac6eac29d5604e_438.jpg
Quote: Tony Fax "
There'll be some very angry people out there who have donated lots of money to save the club, just to see it a complete waste if the company still winds up.'"
If the remaining BOD or the recently departed knew that the funds raised would be insufficient to meet the debts ( which have never been detailed or explained other than the HMRC first debt) then there could have been fraudulent activity.
If the BOD knew that they were trading insolvently then there could have been fraudulent activity.
I believe we have well meaning individuals as BOD’s who have failed miserably, the question is have they gone over the “mark” and acted illegally?
I may be wrong but I don’t think there is anyone around willing to dig them out the financial hole, but there are some who would start a “newco” if debts were nil, so I don’t see Rugby being lost, merely yet another restart and a low level existence.
Quote: Brew "PK 2022 Ltd i believe was set up before the takeover by the current board went ahead. Again what it's continued existence is for is now a mystery.'"
Its standard practice when a group of individuals are buying an existing company.
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