Quote Originally Posted by BCram View Post
breach of the obligations provided within the articles of association will, usually, render the action taken void, whereas a breach of the obligations provided within a shareholders' agreement will give rise to a claim for breach of contract by the wronged party.
Think Islay is setting up for a wood burning diatribe. I hope so because I think that is a great topic.
Very simple Google answer given above. Classic lawyer speak using the word void. I think it just means they can't do it.
If FPS have 75% of the issued share capital I THINK FPS can rewrite the Articles of Association and alter the A share rights. DFCSS will know if that is correct. These were accepted by FPS when they took over the club.
I think your analysis of the likely outcome is perhaps too pessimistic. If there was a third pre-pack Administration to wind up the club I don't see what FPS gain. The authorities would undoubtedly throw DFC under a bus and make us start at the bottom of any league structure, which might be even lower than Rangers had to face. Where is there any benefit to them. I am assuming that SPFL will be very unwilling to help owners in a battle with supporters but maybe that is totally wrong.
Keep the entrenched rights, try to get DFCSS on the same wavelength as FPS and encourage a buy back Dens programme with DFCSS and all supporters groups and fans involved.
Thanks for reply.

What I don't understand though is if they HAVE already done it they can't undo it....we move to tannadice they say we will build, doesn't happen for whatever reason we are screwed.

Here's what I'm talking about

Someone pinches my dinner money at the school....local bully ....let's call him James mcpake for easy understanding 😁

I say that ain't allowed James, James isnae too worried about potential consequences afterwards of spending my money on himself....I've got to "take action" or get someone else to take action to stop him spending my money in the first place or em going without my chip roll and quenchy cup that day....James isnae too fussed about a telling AFF from the teacher or any idle threat of mine afterwards....action as I say must be taken..... a pre emptive strike or its Asta la vista to my dinner.