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There Is No Fans Hijack At EGM

There Is No Fans Hijack At EGM

An article has appeared in the Birmingham Mail today suggesting that fans are looking to hijack the AGM. From my point of view this isn't correct. I did say that questions need to be answered but it has already been made clear that the EGM is to vote on the one issue. I won't be attending, I'm happily going to be in Portugal and feel the vote will be a given anyway because the disposal of the asset at £7m isn't bad business, the only bad business is how the board are going to use the funds.

The real questions will once again have to wait until the AGM when the board will once again hide behind takeovers that never happen and questions that they can answer will be ignored or dismissed.

If I was attending I would be asking whether the sale of the land for £7million will lower the asking price of Aston Villa. The answer from Doug would be NO!

I would also like a definition of 'asset stripper' from Doug who says he won't sell to any potential asset strippers and yet seems perfectly willing to sell the assets to pay off the losses the PLC has once again made!

I do think it is a great shame that the money raised from the sale isn't put into team re-building because then even the staunchest anti-Ellis person would have to congratulate the board on a bit of good business.

What I did say to Bill Howell at the Mail is that shareholders would, given the opportunity, like to raise issues but that for us to call an EGM ourselves is too big an ask due to the statutory requirements to do so.

My quote in icbrum: 'I think a lot of shareholders would like to discuss and vote on other issues. What the club are effectively saying is don't turn up, for what will in any case be a 'fate accompli' of a vote.'

The point about our latest poll was really a side issue although 63% who voted did say they would like the funds to be used to pay O'Leary off and bring in a decent manager!


'O'Leary is the final nail in the coffin as far as the fans go. You can't keep coming back season after season and seeing that rubbish and listening to the same rhetoric. The vast majority of fans are against O'Leary. Sixty three per cent in our poll said they wanted the £7million to go towards sacking the manager. It might be the middle of the summer but the anger hasn't dropped. Martin O'Neill is available and he would get the buzz factor into the club again. At the moment there is a very unhappy fan base.'

I will also always continue to question why the board are hiding behind a takeover that was dead in the water 6 months ago.

'We want to know what is happening with the takeover. I don't think fans are fooled any more by the Comer Brothers. If there was to be a bid it would have been last October or November.'


Click here to join in the debate on the club forum.

Writer:J P Fear
Date:Wednesday June 14 2006
Time: 3:09PM

Comments

0
I think The Fear is spot on with everything he has said again. It's exactly what most fans are thinking
DougInABox
14/06/2006 15:32:00
0
I`ve voted against the sale, if it`s worth buying for £7m, then let AVFC, Plc use it to bring new cash into our Plc.
Fletch
14/06/2006 15:38:00
0
I'll be voting against it too, because the money should be used for players. Not that it'll make any difference. When we've got a desperately small squad, surely that is where any extra revenue should go? Aston Villa is a football club before it's a business.
DougInABox
14/06/2006 16:02:00
0
If anyone is going, heres a question you can ask: Why the sale now? The value of industrial / commercial development property in that area of Birmingham has decreased in value over the last 18 months. Does the board have knowledge that this is the perfect time to sell? If so, can they share this knowledge with us before they ask us to ratify their decision?
GaztonVilla
14/06/2006 17:40:00
0
Thanks Jon. Unfortuntely some shareholders seem to be annoyed at you speaking on their behalf (according to a cetain website). Anyone would think you are Chairman of the Shareholders Association or something, Would be nice to hear a comment from the Trust, or are they both on holiday?
Denis_B
14/06/2006 18:17:00
0
Excellent article raising a lot of very valid points, points that sadly yet again will remain unanswered by Ellis and co. Yet again, the Ellis reign will roll on and on and on. Agree the 7m should immediately be pushed towards team rebuilding, but from day 1 we knew full well that that would never happen.
glensider
14/06/2006 18:18:00
0
"Aston Villa is a football club before it's a business. DougInABox" Unfortunately mate, as soon as they formed the 'Premeir league' your statement became redundant. It's all about money,money,money & more money.
FEn_100
14/06/2006 18:55:00
0
agree with FEn_100 without the business there is no football club ... unless we set one up in the kiddies play area opposite the trinity
JASON
14/06/2006 19:27:00
0
7m mill would get us one 4million pound player and cover his wages for a couple of years, do we have anymore carparks?...we need at least 3 more! How can doug say that the asking price of AVFC has not fallen after selling a 7m asset!?...the old git angers me
son_of_cher
15/06/2006 09:30:00
0
That's cause his price was picked at random. Even Doug will admit that the club is only worth half of what he is asking. The 100% mark up over the market value is for 'potential'. At the moment potential is all we have left.
ooahPaulMcGrath
15/06/2006 09:52:00
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