War between CUOSC and Unita Fortior

[C_U_N_T]

The only way that the club can survive is with new ownership. No new ownership will permit CUOSC to own any Holdings shares, it will want the full control that full ownership gives.

With new ownership CUOSC will not have any Holdings shares.

Given such obvious simplicity of either outcome neither CUOSC nor Unita Fortior have any purpose, so the war between the two is pointless. The monumentally pompous egos on both sides will suffer the inevitability of becoming irrelevant.

[howoldboy]

https://www.bbc.co.uk/programmes/p0cj9hmj

After listening to that on the radio it would seem that Davidson and Beattie think CUOSC should be run like a masonic lodge rather than a representative organisation for the supporters.

They talk just like John Nixon.

Keep everything secret and don't rock the boat.

Administration may prove to be the best option to remove the debt burden and achieve a change of ownership.

Short term pain for long term gain.

[_Stefan_Kuntz]

This is really a fight over being important by owning slightly over 25% of the Holdings shares, which amounts to a blocking vote of Special Resolutions (very important resolutions). Thus each member of the board of CUOSC feels very important. But the only way that a new ownership of Holdings will occur is if it owns substantially more that its current amount of slightly less than 75% of the Holdings shares, thus able to pass Special Resolutions. Indeed a new ownership of Holdings will almost certainly want to own 100% of the shares.

This considerably diminishes the importance of CUOSC, which would become an amateur fund raising organisation volunteering to help the club do bits and pieces of tedious administration. Clearly such loss of status would not at all appeal to those who currently are on the board of CUOSC nor would it appeal to those in Unita Fortior who would like to be on the board of CUOSC.

In short a new 100% ownership of Holdings would result in CUOSC being drastically reduced in importance and its board positions no longer being sought by those with incredibly pompous egos. If no new Holdings ownership occurs then 1921 will run out of money, become insolvent and cease to exist. 1921 is the actual football club. Holdings is merely a container for 93% of the 1921 shares. Its only assets are the 93% of Holdings shares. Its decisions are therefor implemented in 1921.