Old Managers, old players other clubs

[Shadrack the Red]

Originally Posted by Young_Nudger View Post
Shads - that’s an out dated way of looking at life - that nobody does owt without being paid.

Animal (Quote) Very true.

No it is not, it is about making money, you buy something cheap with a view to eventually selling it to make a profit , again I repeat I have not accused them of taking money out of the club like you said I have , I await my apology .

[SBRed48]

Your comments…….
………. apart from the Crynes they have no connection to our club and town and I am still stumped as to a reason why they are here apart from one thing and that is as business people they are here to make money , as simple as that , if we are ever to progress then they have to go

Am I missing something here Nudge in your attempt to set Shads up as a straw man by claiming Shads said the owners took money out of the club and then criticising him for it.
As far as I read it Shads said the owners wish to make money as a successful football club. It is you Nudge that has added the next step by saying they took any money available out of the club for themselves. Shads has never said that and deserves an apology.

On the other hand it is me who has said the Directors took £750K out of the BFC Club Account in order to pay the first instalment of the £3.5 mill purchase price of the club rather than using their own money It was dressed up by creative accounting as a "Directors Bonus". Apart from the Crynes (20%) who were the beneficiaries the Directors at the time were listed as--

Chien Lee..31.25%
Neerav Parekh..21.25%
Zach Schreiber..9% (New York Investor Group NYIG)
Joshua Samuelson..5% NYIG
Matthew Edmonds and wife Julie Ann Quay..3.25% NYIG
Lee Pollock 2.75% NYIG
Paul Conway and Grace Hung ..7.5% Pacific Media Group

None of the Directors are shown in the Accounts to have returned their "Bonus" and it was transferred direct to the Crynes from the Club Accounts rather than from the Directors own pockets to the Crynes to begin buying the club.

As an aside you keep referring to Conway as a "majority shareholder". He has never held more than 7.5% of BFC shares on conjunction with Hung. His "control" results from the NYIG making him their representative plus his association with Lee. This "control" and the lack of transparency about the membership of the NYIG is the central issue of the ongoing EFL Investigation.

[Young_Nudger]

SB - I might be wrong but I can’t remember saying anything about Shads and money taken out of the club.
I just believe that it’s a miserly miserable position to take that no one does anything without wanting to be paid.

As for the £750K - we all know why that was taken out of the club i.e. to pay the Crynes for the purchase of the club.
In other words, the attendance money from fans and player sales was used by Lee / Conway to buy the club.
That in itself is despicable.

So why some on here prefer Lee / Conway to the present ownership then God only knows.

Lee / Conway partnership were the majority shareholders.
Lee being the biggest shareholder left Conway to get on with the job.
These two ran the club and determined where the money went.

Can only guess but there seems to have been a rift in the boardroom from early doors.
The £750k issue will not have helped.

That rift came to an head when JAQ et al was able to break free of the management agreement they had with Conway.
Then and only then did things begin to change for the better.

But supporters have to realise that Barnsley are still relatively at the beginning of that process.

[SBRed48]

Lee / Conway partnership were the majority shareholders.
Lee being the biggest shareholder left Conway to get on with the job.
These two ran the club and determined where the money went.
.

Chien Lee owned 31.25% of shares and Conway/ Hung (PMG) owned 7.5%. That is a total of 38.75% and not a majority shareholding.

They relied on the Investor Group's additional 20% to reach a majority and hold the balance of power.

The Investor Group could have ditched Conway at any time. They stayed with him during the Ismael season as they saw the prospect of Premiership riches. They ditched Conway the following Schopp/ Asbaghi season following relegation and the likelihood of losses.

[Shadrack the Red]

SB - I might be wrong but I can’t remember saying anything about Shads and money taken out of the club.
I just believe that it’s a miserly miserable position to take that no one does anything without wanting to be paid.

As for the £750K - we all know why that was taken out of the club i.e. to pay the Crynes for the purchase of the club.
In other words, the attendance money from fans and player sales was used by Lee / Conway to buy the club.
That in itself is despicable.

So why some on here prefer Lee / Conway to the present ownership then God only knows.

Lee / Conway partnership were the majority shareholders.
Lee being the biggest shareholder left Conway to get on with the job.
These two ran the club and determined where the money went.

Can only guess but there seems to have been a rift in the boardroom from early doors.
The £750k issue will not have helped.

That rift came to an head when JAQ et al was able to break free of the management agreement they had with Conway.
Then and only then did things begin to change for the better.

But supporters have to realise that Barnsley are still relatively at the beginning of that process.

Nudger please read your comments on page 4 of this thread which you made at 6,36 pm on the 26th , all will become clear .

[Young_Nudger]

Nudger please read your comments on page 4 of this thread which you made at 6,36 pm on the 26th , all will become clear .

I don’t know what you are talking about - I can’t find anything.

Basically you have said in different posts in this thread that these owners are here to make a ‘quick buck’ and get ‘paid’.

Which I believe to be a miserly and miserable comment.
And evidence shows they have not taken a penny out of the club - even tho they sold something in the region of £8.5 million quids worth of players.

[Young_Nudger]

Chien Lee owned 31.25% of shares and Conway/ Hung (PMG) owned 7.5%. That is a total of 38.75% and not a majority shareholding.

They relied on the Investor Group's additional 20% to reach a majority and hold the balance of power.

The Investor Group could have ditched Conway at any time. They stayed with him during the Ismael season as they saw the prospect of Premiership riches. They ditched Conway the following Schopp/ Asbaghi season following relegation and the likelihood of losses.

Not as I understand it.
The investment group had a 4 year contract with Conway.
When that contract came to a natural end the investment group bailed out and joined Neerav and the Crynes to create a group that had majority shares.
They then had enough shares to vote Neerav in as chairperson.

[Shadrack the Red]

I don’t know what you are talking about - I can’t find anything.

Basically you have said in different posts in this thread that these owners are here to make a ‘quick buck’ and get ‘paid’.

Which I believe to be a miserly and miserable comment.
And evidence shows they have not taken a penny out of the club - even tho they sold something in the region of £8.5 million quids worth of players.

You are at it again , I have never said they have taken a penny out of the club or been paid anything but thats it for me, you say you want to debate but you just make things up , no more , I have totally had enough of your tripe , you conveniently cannot go back and read what you have said , you make accusations which are wrong , you insult peoples intelligence , well you will not insult mine anymore , I have always had time for anyone who is genuine but one thing I will not suffer are fools ,we are done and I will no longer respond to your wind ups or any of your posts and comments .

[EthelRed]

From the Cambridge dictionary, a definition of fool

‘a person who behaves in a silly way without thinking:’

Any candidates around here?

[pass_and_move]

This forum is being strangled to death. Time for a break me thinks