
Originally Posted by
animallittle3
This is an answer to a question posed to me by ESR and one which I thought I couldn't answer , after giving it some thought I think I can .
We lost the club the day Peter Doyle bought it and the old Barnsley Football Club Limited was wound up .
Under the old company people within the borough owned shares , they may have had one or two and they were spread all over the region .
This entitled them to attend the annual shareholders meeting where the accounts for the previous year were presented , also and perhaps more importantly , directors and the chairman had to offer themselves up for re-election , in affect they could be challenged by anyone owning a share if it was felt they weren't doing a competent job .
All this of course changed when Doyle purchased the club and set up Barnsley Football Club 2003 .
It could be argued from that day on the club's business was done without scrutiny and accountability to supporters / shareholders and became the business of purely one owner who held one single share , there was only one share available I believe .
Now you can always make a point about emotional ownership , the club will always belong to the fans etc etc , the reality of course is that it doesn't and fans no longer have any meaningful influence over the running or it's accounts .
I'd be very surprised if the club ever returns to a model of local shareholders , if it ever did then you can more or less take it that the club went bust and a group of fans were starting a new club right from scratch .