The trouble is, until sufficient people become disillusioned enough to not get a pass, merchandise or tickets and it starts to effect the club in the pocket (as many people have already said) then there is no real need to change anything.

Lets not forget as far as I know we have a maximum of 2 hull fans on our board (both puppets if you ask me, Rule may be the face but has no real power) the rest are there for one reason only and that's the money, they don't particularly care about results. They couldn't give two hoots as to how well we do on the pitch as long as we make money - to change anything now will cost them (and knowing certain members of our board as I do, they'd walk over family to make money).

Boards don't keep successful coaches on because they win trophies, they don't get rid because they make money - by the same token boards don't get rid of coaches because they lose games they get rid of coaches because in the main losing games ends up losing money. The trouble at Hull is whilst many clubs would have seen a decline in spectators & merchandising we continue to plough our spare money into the club (anyone would think we have nothing else to do in Hull).

From memory, Lloyd changed the company rules so that a 70% vote is needed

There are no changing the rules. As soon as someone owns more than 50% of the shares they have the controlling element. If Kath was left with 30%, someone else had 15% and i had 55% i'd have the controlling percentage as a vote per share would outnumber theirs, they cant possible outvote me.

The company lloyd owned no longer exists

Really, I've not heard anyone mention that before.