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Quote: Mrs Barista "A few points on this one. Firstly without the current set of directors there would be no club. At all. Secondly this board has presided over what IMO is the most impressive turnaround in financial performance in the competition, returning profit for 5 consecutive years. Thirdly the club still has negative P&L reserves, therefore payment of any dividends to directors is illegal under the Companies Act. They may take a salary, but given there are only 3 clubs in profit, we spend the salary cap and a big wedge to the SMC and have a decent academy set-up to run, salaries are unlikely to be massive for all 5 shareholder directors. Anyone believing the whole board have invested in Hull FC for massive personal financial gain are utter loons.'"


I don't dispute any of your points however (as your quoting me directly) please show me where I said the directors where in this for 'massive' personal gain? Also please make me aware of any points in the quoted post which are incorrect? Anyone beleiving this board have invested money in Hull FC to lose money overall are also utter loons!! They may have been willing to make short term losses but you know as well as I do they are here to make long term profits.

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Quote: Big Dave T "Theoretically you'd only need to buy 3 of the others out to get the controlling share.'"

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

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Quote: kingston droolers "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.

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Quote: Mrs Barista "No. My Excel skills don't extend that far. I could do a Vlookup to another spreadsheet that indexes them by the extent to which this Evil Gang of Five are milking the famous FC "cash cow" dry though. Apparently the Sultan of Brunei and Donald Trump have made enquiries to get a piece of the FC gravy train but were advised that to suddenly realise wealth of this magnitude could have life-changing consequences. Plus how stupid would Trump look in a passholders cap? Doubt he'd get it on over that ridiculous wig tbh.'"


icon_lol.gif

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The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg



Quote: kingston droolers "From memory, Lloyd changed the company rules so that a 70% vote is needed'"


The company lloyd owned no longer exists

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She got the wiggle hip sway hypno sex ray goin' on in my head She got the flippin' hip slide hypno sex siren in my head She got the wiggle hip sway hypno sex ray light's flashin' red:d7dc4b20b2c2dd7b76ac6eac29d5604e_8313.jpg



Quote: Jake the Peg "The company lloyd owned no longer exists'"


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

157 posts in 11 pages 
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Subscribe | Moderators: Admin, Kosh , Roland_R , Karen
157 posts in 11 pages 
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Subscribe | Moderators: Admin, Kosh , Roland_R , Karen



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