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" work with the current board,"

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lukeo
February 1, 2018, 1:08pm
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Sorry to create a new thread but this sentence alone needs it's own thread. Do they not get it? We don't need an Investor to work with the current board, if a new investor(s) comes in then they need to REPLACE most the current board.
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Mariner_09
February 1, 2018, 2:08pm
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It’s fairly clear that you cannot work WITH the current board because its dictator is a complete control freak.


I've wasted my life in black and white, a pathetic act for a worthless cause
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ginnywings
February 1, 2018, 2:13pm

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Quoted from lukeo
Sorry to create a new thread but this sentence alone needs it's own thread. Do they not get it? We don't need an Investor to work with the current board, if a new investor(s) comes in then they need to REPLACE most the current board.


That is one of the options stated. They did state an alternative, which is someone else taking over from them completely, if they meet due diligence, so i don't where you are going with this thread.  
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Tommy
February 1, 2018, 2:16pm
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An investor wouldn't replace the current board. If that's what they are - just an investor - then they would be investing but not interested in doing the day-to-day running of club.

I look forward to a new thread being started for each sentence of the statement  


"The greatest mistake you can make in life is to continually be afraid you will make one."
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moosey_club
February 1, 2018, 2:17pm
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Quoted from ginnywings


That is one of the options stated. They did state an alternative, which is someone else taking over from them completely, if they meet due diligence, so i don't where you are going with this thread.  


yeah but by taking things out of context it makes it easier to have yet another go on a slight variant of the same overall subject.  



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friskneymariner
February 1, 2018, 2:17pm

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'Meeting due dillegence' translated  'someone who can give me my dosh back.'


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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ginnywings
February 1, 2018, 2:35pm

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Quoted from friskneymariner
'Meeting due dillegence' translated  'someone who can give me my dosh back.'


Or it could mean that they care about the club and won't just hand it over to anyone, whatever their intentions.

They are offering, nay begging, for someone else to take over, and still it's not enough.
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Ipswin
February 1, 2018, 3:40pm
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Quoted from Tommy
An investor wouldn't replace the current board. If that's what they are - just an investor - then they would be investing but not interested in doing the day-to-day running of club.

I look forward to a new thread being started for each sentence of the statement  


As long as the new investor buys all of Fenty's shares and insists he has absolutely nothing more to do with the club (he can buy a full price season ticket if he wants I suppose) As for as a new investor wanting to retain the current board for day to day running is concerned, can you see Fenty wanting to stay on anyway if he was no longer 'he who must be obeyed' (apologies to Horace Rumpole)


On bended knee is no way to be free - Peter R de Vries

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jock dock tower
February 1, 2018, 4:39pm
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Has Russia run out of despotic oligarchs just when you need them, ffs?


No attempt at ethical or social seduction can eradicate from my heart a deep burning hatred of the Tory party. So far as I'm concerned they're lower than vermin. Aneurin Bevan.
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Lincoln Mariner 56
February 1, 2018, 5:33pm
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Quoted from friskneymariner
'Meeting due dillegence' translated  'someone who can give me my dosh back.'


If I read it correct the statement said the repayment of current loans would not be a problem if someone wanted to purchase the club. It also confirmed that they would do everything possible to ensure any new owner would not just walk away leaving the club in debt, a la Hartlepool and others.

The criticism of the board for backing Slade is clearly correct but IMO this statement is exactly what we as fans would want.
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