Quote Originally Posted by Young_Nudger View Post
No - the debt was created by one person - Paul Conway - who had total control of the shares.
He ploughed forward and gave out huge contracts that the club is now having to fund.

Out of the £3.2 Million paid - paying off the Marcus Schopp contract came up several times.
A large slice of that money has gone to Schopp.

When JAQ was Tweeted about the Maze - I thought it could be problems in the boardroom with Paul Conway.
It’s not.
Paul Conway is out of the equation - he no longer has any input into the club.
But it’s the mess Paul Conway has left at the club that’s causing problems.

As Neerav said - it’s probably going to take another 2 years to untangle all of that.
But he went on to say something on the lines of - that’s happened and it’s in the past, we need to move things forward.

On top of the £3.2 M the club has paid out - they also put bids in for player/s at £300K.
But the player/s decided to go elsewhere.
Also said - if Michael Duff wants reinforcements in January he will get them.
The other shareholders including James Cryne and Parekh were actively involved at board level during Conway's tenure .

It turns out Conway per se had a minority stake along with Grace Hung who gathered his power by using the other minority shareholding he represented which just so happens to include JAQ's husband and two New York Hedge Fund managers .

Even Jean Cryne doesn't escape criticism given her stake in Oakwell Holdings and the fact son James holds a 20% stake .

Parekh even sold Chien Lee some of his shares as late as last season , around November time when we were bottom of the league and had won two games .

Presumably the club's financial position was known at that point but none the less Parekh increased Chien Lee's stake .

The sycophants amongst our support may well want to believe the moving of the deck chairs at the club gets them off the hook regarding this catastrophic financial situation but the facts speak for themselves .

They most certainly won't be getting let off the hook with me and I'll campaign on another social media platform that's used by certain members of the shareholding to be rid of these blood suckers and leeches and whilst not abusive they most certainly will be told they aren't wanted here and they'd be better placed putting the club up for sale .

This club was in a solid financial position before these blood suckers came along , debt free and £5m cash in the bank .

It's now losing £1m a month and the sycophants believe these people will fix it and we will prosper .

The same kind of logic would suggest that the architects of the 2008 financial crash , The Lehman Brothers and Morgan Stanley's would be worth hiring on to the board of the Bank Of England to fix the economy they helped trash .

In the entire history of this club it's doubtful there was so many extremely stupid and gullible people gathered under one roof last night listening to that bullshyte and then coming on here telling us everything is fine including the Supporters Trust .