harrybuckle
Always look on the bright side
Joined: May 2014
Posts: 5,419 
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Post by harrybuckle on Mar 19, 2024 18:39:10 GMT
From gas chat forum
^Been told he is no longer a director at the club and has left"
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,255
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Post by kingswood Polak on Mar 20, 2024 9:40:37 GMT
Pretty sure Wael will be very upset to distraught about this. This is a huge power play. |
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,131
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Post by eppinggas on Mar 21, 2024 17:38:12 GMT
He is no longer a director of the football club but remains a director of BRISTOL ROVERS (1883) LIMITED - Documents filed at Companies house wef 11.03.2024 Company Name: Bristol Rovers Football Club Limited Company Number: 00051828 Received for filing in Electronic Format on the: 19/03/2024 XCZ79DDK Termination Details Date of termination: 11/08/2023 Date of termination sounds... well very... final. Small note - Correct me if I'm wrong, but I thought Tom Gorringe was the CEO (promoted perhaps beyond his abilities), and Eddy 'ehhhhhhh scouse mafia' Jennings was Director of Football. So I would conclude that Wael is now very firmly the minority share holder without any mates, or indeed influence at Board level. Not me having a dig - surely this was all obvious when Hussain AlSaeed took over? Although I believe that some people laughably thought they were "co-owners" and Wael would still be actively running the football side of things. |
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oldie
Joined: September 2021
Posts: 4,285
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Post by oldie on Mar 21, 2024 18:42:58 GMT
He is no longer a director of the football club but remains a director of BRISTOL ROVERS (1883) LIMITED - Documents filed at Companies house wef 11.03.2024 Company Name: Bristol Rovers Football Club Limited Company Number: 00051828 Received for filing in Electronic Format on the: 19/03/2024 XCZ79DDK Termination Details Date of termination: 11/08/2023 Date of termination sounds... well very... final. Small note - Correct me if I'm wrong, but I thought Tom Gorringe was the CEO (promoted perhaps beyond his abilities), and Eddy 'ehhhhhhh scouse mafia' Jennings was Director of Football. So I would conclude that Wael is now very firmly the minority share holder without any mates, or indeed influence at Board level. Not me having a dig - surely this was all obvious when Hussain AlSaeed took over? Although I believe that some people laughably thought they were "co-owners" and Wael would still be actively running the football side of things. Forgetting the minutiae of who says or does what, absolute control only occurs when a shareholder has 76% of shares issued. In that said shareholder can carry an EGM resolution. At 90% said shareholder can force minority shareholders to sell if a takeover offer is made. I believe the Al Quedis have 40%. That is significant and means the majority shareholders cannot do as they please. An AGM "show of hands" they would carry. But minority shareholders rights is a "thing" For eg "When relations break down with one or more company directors, we can help the company shareholders to see whether director removal is an option. This will often depend on the powers given in the articles of association or shareholder agreement" Shareholders agreement at BRFC Has anyone had sight of that? |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,255
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Post by kingswood Polak on Mar 22, 2024 13:26:50 GMT
He is no longer a director of the football club but remains a director of BRISTOL ROVERS (1883) LIMITED - Documents filed at Companies house wef 11.03.2024 Company Name: Bristol Rovers Football Club Limited Company Number: 00051828 Received for filing in Electronic Format on the: 19/03/2024 XCZ79DDK Termination Details Date of termination: 11/08/2023 Date of termination sounds... well very... final. Small note - Correct me if I'm wrong, but I thought Tom Gorringe was the CEO (promoted perhaps beyond his abilities), and Eddy 'ehhhhhhh scouse mafia' Jennings was Director of Football. So I would conclude that Wael is now very firmly the minority share holder without any mates, or indeed influence at Board level. Not me having a dig - surely this was all obvious when Hussain AlSaeed took over? Although I believe that some people laughably thought they were "co-owners" and Wael would still be actively running the football side of things. As the late and great Dick Emery’s skinhead character used to say. Got it wrong again dad 🤣 |
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