Christies Child wrote:Rod has just done a very passionate interview with Radio Lancashire that puts the entire fiasco into perspective.
I think it will be availalbe on the Radio Lancashire Twitter feed for those who want to hear what is said.
Sounds very upset about the entire affair and said that Abdul promised some funding this week to pay wages and on the strenght of that the club assumed that everything would be OK. However Abdul renagged on his word and and Peter and Rod went to London yesterday to discuss the entire situatuon with the EFL and saught their advice as what to do.
The full interview makes depressing hearing BUT it explains in detail the entire deal from start to finish.
For me Peter McG has been too trusting in this entire process and as a result it looks as though he will pay the heaviest cost financially.
I feel sorry for Rod and the rest of the Board who I'm sure if they had the financial backing would have resolved this fiasco to everybodies satisfaction.
My own thoughts on the proposed deal is that the EFL reject Cala's bid bearing in mind his other attempts to take over elsewhere that were not successful in both Italy and at Portsmouth.
mrpotatohead wrote:Sorry Neil, this doesn't wash, you are best quitting the ''lord haw haw'' act and wise up, your about face on Jimbo proves you are quite adept at U turns, so just face up to it, you are better off forgetting about Peter, and for christs sake don't hop into bed with Cala on the rebound.
mrpotatohead wrote:Grim reading from yourself there Posh, and I am sure that your reputation will assure readers of the gravity of this situation.
Gnasher wrote:Something smelly about this. We're talking about PMG not receiving his full amount yet along with the rest of the board, he has agreed to resign. If there were any chance that PMG may get his shares back, why agree to this deal?
Gnasher wrote:Something smelly about this. We're talking about PMG not receiving his full amount yet along with the rest of the board, he has agreed to resign. If there were any chance that PMG may get his shares back, why agree to this deal?
Posh wrote:Gnasher wrote:Something smelly about this. We're talking about PMG not receiving his full amount yet along with the rest of the board, he has agreed to resign. If there were any chance that PMG may get his shares back, why agree to this deal?
He's not agreed to the deal Brian. As the statement says, this is Abdullah, who funded Diego's purchase, and now it seems the beneficial owner of PMG's shares, has sold G50 Holdings to Joseph Cala. PMG would have had no say on that deal whatsoever. It is the owners right to appoint and fire directors and with them owning over 76% they can remove whoever they want. The only obstacle is the EFL.
Posh wrote:Gnasher wrote:Something smelly about this. We're talking about PMG not receiving his full amount yet along with the rest of the board, he has agreed to resign. If there were any chance that PMG may get his shares back, why agree to this deal?
He's not agreed to the deal Brian. As the statement says, this is Abdullah, who funded Diego's purchase, and now it seems the beneficial owner of PMG's shares, has sold G50 Holdings to Joseph Cala. PMG would have had no say on that deal whatsoever. It is the owners right to appoint and fire directors and with them owning over 76% they can remove whoever they want. The only obstacle is the EFL.
halftimeresults wrote:They should make the Omega stand the Rod Taylor Terrace.
steve mfc wrote:Posh wrote:Gnasher wrote:Something smelly about this. We're talking about PMG not receiving his full amount yet along with the rest of the board, he has agreed to resign. If there were any chance that PMG may get his shares back, why agree to this deal?
He's not agreed to the deal Brian. As the statement says, this is Abdullah, who funded Diego's purchase, and now it seems the beneficial owner of PMG's shares, has sold G50 Holdings to Joseph Cala. PMG would have had no say on that deal whatsoever. It is the owners right to appoint and fire directors and with them owning over 76% they can remove whoever they want. The only obstacle is the EFL.
PMG would have a say if he hadn't received payment for his shares, as I said on another thread I can only presume he did eventually receive the money owed to him or he would still be taking legal action.
Posh wrote:I seriously think this the beginning of the end. Cala and his crew are f***wits and it will end horribly with or without them.
MfcChris wrote:Posh wrote:I seriously think this the beginning of the end. Cala and his crew are f***wits and it will end horribly with or without them.
If we are ending anyway, is it not better to take a chance with Cala?
halftimeresults wrote:That's the saddest interview I've ever heard connected to the club.
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