Club Statement.. Fenty stepping back / down!

Olly spotted in " Snobs of Regent street " purchasing 2piece white tie dress suit for his 1st board meeting -didn't want a hat ,said he'd make do with his usual

No bad words to say regarding JSF, he kept a tight ship when needed and suffered dogs abuse on here regularly.
His choice of managers have been good to poor ala Man United, decisions that IMO that were swayed and influenced too much by one individual on the board namely JSF.
We now hopefully have found another Shankly, McMenemy, Buckley, Kerr etc in Ollie in which JSF played a leading part, for that at least we should award him Brownie points

I'd just like to clear up some of the points made on here about conflict of interest  and JF on the council.

When the Great Coates debacle was underway, councillors who were season ticket holders were barred from any discussions or votes about the new stadium. Just going to half the games in a season was enough to be barred.

Therefore just because Fenty has stepped back from the board he will still be barred from anything to do with the planning application in any way. Even discussing it with councillors would be a breach and could leave Fenty in serious trouble in law.

So him stepping back will not affect his influence on anything to do with the planning application.

Can't see it . Every Arsenal councillor is a season ticket holder

Quoted from mimma

Therefore just because Fenty has stepped back from the board he will still be barred from anything to do with the planning application in any way. Even discussing it with councillors would be a breach and could leave Fenty in serious trouble in law.

I’m not sure how the Portfolio Holder for Regeneration is going to be removed from everything to do with one of the biggest regeneration schemes the town’s ever seen...

Quoted from mimma

I'd just like to clear up some of the points made on here about conflict of interest  and JF on the council.

When the Great Coates debacle was underway, councillors who were season ticket holders were barred from any discussions or votes about the new stadium. Just going to half the games in a season was enough to be barred.

Therefore just because Fenty has stepped back from the board he will still be barred from anything to do with the planning application in any way. Even discussing it with councillors would be a breach and could leave Fenty in serious trouble in law.

So him stepping back will not affect his influence on anything to do with the planning application.

I have never defended Fenty before, but what else can he do? It is what it is; he is the largest shareholder and has a seat on the council and neither of them can be changed overnight.

This is too big for the whole town to allow petty things like this to derail it before it's even begun isn't it?

Boooo
Who can I blame now??????

Quoted from TAGG

Boooo
Who can I blame now??????

Swin.

Quoted from lew chaterleys lover

I have never defended Fenty before, but what else can he do? It is what it is; he is the largest shareholder and has a seat on the council and neither of them can be changed overnight.

This is too big for the whole town to allow petty things like this to derail it before it's even begun isn't it?

It's not petty though is it. Suppose Fenty has a say in a decision affecting the new ground (PP or even public funding), you'll open the doors to challenges along the lines that he would benefit personally. That could then hold up or derail the decision through appeals, referrals to the minister, judicial review or whatever.

Stepping away from the day-to-day running of the club won't make any difference to the fact he is the major shareholder of the club. Whilst he is there is a potentially a conflict of interest. Until that changes the only thing that would avoid it is stepping back from his council role.

Will he now have to buy a season ticket like the rest of us?  

Seriously though, with regards to the budget being set already, i don't think it will be dependent on a certain amount of ST's  being sold. They know we will sell at least 3000 and hopefully more and by bringing in better players, who will be better managed, the match day footfall through the turnstiles will increase if we are at the right end of the table, so it's a bit of speculating to accumulate going on i would think.

Regarding the conflict of interest, maybe there is more going on behind the scenes and JF will eventually be bought out by person or persons unknown at this time.

Anyway, just speculation at this stage. It'll all become clear in time.