CUSG: Minutes from 13 December meeting

[howoldboy]

https://www.carlisleunited.co.uk/new...ember-meeting/

Am I missing something or does this suggest that Billy Atkinson and Jim Mitchell had agreed to dilute the Trust's shareholding from 25.3% to 10% or less without actually consulting their members?

Bearing in mind how far up the Directors arses they are this seems incredible.

Surely any honest/honourable prospective owner would allow CUOSC to consult its members over a takeover, particularly if the prospective owner knew that without consultation he/she could not gain outright control.

I get the impression that Billy Atkinson thinks he is CUOSC, as opposed to simply a representative.

The relevant extract from the Minutes:-

"Billy Atkinson made it clear the first deal put to CUOSC and referred to in other updates was accepted. It reduced its voting rights but still was accepted by CUOSC. It wasn’t easy to get approval from the CUOSC board, but a full change of control and a takeover would have happened. This was a desired outcome, so CUOSC backed it. He also made it clear that ‘CUOSC did not hold the deal up’ in any way."

"Billy Atkinson wouldn’t be drawn on whether CUOSC would agree a future dilution without member consultation. It would always depend on the deal being offered. The recent member survey was very helpful in confirming views on how it would approach any future deals.

Simon Clarkson suggested that this would be a ‘good opportunity to sound out members on whether a dilution would be acceptable with or without direct consultation’.

Nigel D stated that CUOSC would take [the dilution issue] very seriously next time, as they did on this occasion. For any future investment they’d be looking to work with parties that would want public member approval for a deal and would work ‘with’ CUOSC as outlined in the Fan Led Review, and the recent CUOSC Questionnaire.

Nigel C said that some people interested in clubs don’t want to operate or deal in public at all, and make offers subject to conditions accordingly. The requirement for members to vote on any deal first, may lead to a potential buyer pulling out. Fans may well see that as a good filter of who may be suitable owners."

[_Stefan_Kuntz]

People who know people who know the brother of the bloke who is the dog walker of Philip Day's dog say that he (Philip Day, not the dog) has never expressed any interest in taking over Carlisle United. In the first forum this year John Nixon frequently referred to Philip Day / EWM > Purepay as an investor which they certainly are not.

Philip Day / EWM > Purepay have simply been a creditor and CUFC 1921 a debtor. There is evidence / proof of this. There is f­uck all evidence / proof of any other relationship between the respective parties.

Of course I know nowt of these alleged macinations but deciding who is the most honourable, truthful and open of Philip Day, the Holdings directors and CUOSC is extremely difficult. The quality of the participants in this game is utterly abysmal.

[howoldboy]

The quality of the participants in this game is utterly abysmal.

Agreed.

[mullen103]

Agreed.

What does membership of the trust get you, that not being a member doesn’t!!

They don’t inform you of meetings.
Don’t tell you what’s going on.
And can dilute without asking members.

In short - nothing!

[howoldboy]

What does membership of the trust get you, that not being a member doesn’t!!

They don’t inform you of meetings.
Don’t tell you what’s going on.
And can dilute without asking members.

In short - nothing!

If Atkinson and Mitchell have overstepped the mark here they really should stand down.

Based on what Simon Clarkson said it seems that CUOSC know this.

As you say what is the point of being a member if you don't get a say on something as fundamentally important as this.

[griff]

The only true Supporters’ Club left is the London Branch who have put more money into the football club in the last 10 years than the Trust. Calling themselves CUOSC only proves the fact that they stole the ‘Supporters Club’ bit even though they don’t represent the fans.