Could ECFC be sold?

older-codger

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It would appear that the board pf Liverpool FC are able to sell the club over the heads and against the wishes of the majority shareholders (and owners) of the club, with the independant Chairman apparently doing the deal.

Not that I think it would happen but does this mean that the board of Exeter City FC could do the same over the heads of the majority shareholders (and owners?), i.e. the Trust? From the Liverpool example it would appear that all it would require is a majority vote by the board.
 

ecfc01

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It would appear that the board pf Liverpool FC are able to sell the club over the heads and against the wishes of the majority shareholders (and owners) of the club, with the independant Chairman apparently doing the deal.

Not that I think it would happen but does this mean that the board of Exeter City FC could do the same over the heads of the majority shareholders (and owners?), i.e. the Trust? From the Liverpool example it would appear that all it would require is a majority vote by the board.
Good one ... Very good one ....

Yes very very good one .....

hmmmm..




I don't know
 

richard_portland

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would it not have to go to a trust vote? can't imagine that trust wouldn't have a big say as it would be pretty stupid to **** off the membership and risk losing £100k? per year in income.
 
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ralph

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would it not have to go to a trust vote? can't imagine that trust wouldn't have a big say as it would be pretty stupid to **** off the membership and risk losing £100k? per year in income.
Unfortunately, you can't rule out the Trust voting to accept a sale. There are many who say that we need outside investment in order to "progress", despite the lessons of the past here and at many other football clubs.
 

richard_portland

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absolutely but if we vote to accept it then no one can really argue having had their chance to have a say. It would only be wrong if we were sold without a vote.
 
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ececfecfcok

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But isn't the Liverpool situation unusual because Hicks and Gillette promised Broughton, when he was appointed, that they wouldn't frustrate any sale. That's why they're in court, I think, as they are clearly frustrating a sale when they had expressly promised not to (as well as dismissing directors when they feel like it).
 
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