by Ntini » Fri Feb 03, 2017 2:11 pm
Firstly, I really feel for the staff who have not been paid and for whom this very real nightmare trundles on each day.
Let's get some perspective on things here, as the finger pointing needs to stop before someone oversteps the line and ends up with legal action against them (hoping I'm not going to be that one, as the below observations are based on currently accessible public records and statements made by relevant parties in the media - not media reports I might add):
PMG - rightly or wrongly, a transaction went through on 22 Sep whereby PMG's shares were sold. Payment or non-payment it has since been legally proven that G50 Holdings owns the share to that company. PMG is therefore not the owner, and hasn't been since September, and PMG's only responsibility to the club going forwards is as a director (see below).
Mr Cala - as much as I don't really rate the guy based on previous events, he has no stake in the club (at the moment), and no stake in the holding company, G50, therefore he can't be blamed for not paying the January wages.
Board of Directors - there is a distinction to be made between the owners, and the directors. It is the directors' responsibility to manage the club both strategically and operationally. However, they have no say over who the 'owners' of the club sell their shares to. In this respect, they could do nothing about who PMG sold his shares to, other than tell him to his face that they weren't impressed; a few resigned by the looks of it because of where things were heading.
If the club's benefactors have ceased putting money in and there is no cash left to pay staff and creditors then administrators should be brought in. I'm confident that, knowing a few of the directors, they are doing everything in their power to make sure the club can continue to trade and avoid administration, possible relegation and a probable worse fate. My only hope is that they are not delaying the inevitable at the expense of those staff who no doubt desperately need their pay packages on the hope that the ownership situation is sorted sooner rather than later.
G50 Holdings - whichever way you look at it, and whatever the legal wranglings, this company owns the club. Of what is available publicly, G50 is owned by Graham Burnard and he is the current sole director. The recent court order that has been released to the press looks like he has to consult Diego Lemos before he sells his shares in G50 (and subsequent ownership rights to Morecambe Football Club) but it still looks like he is the outright owner of the club.
Graham Burnard - as an accountant I find it hard to believe his recent comment that he just one day woke up and appeared to be the owner of a football club because Diego was out of the country. I've never known someone unexpectedly become the owner of a company before. G50 went from having 1 share (owned by Lemos), to 100 shares (99 to Burnard and Lemos keeping his one). That doesn't happen by accident, and neither does the resignation of a director. It all smells a bit of the North Sea air rolling in over Whitley Bay...
Mr Lemos - So many questions, so few answers. What's happened with his shares in G50? Did he actually 'resign' as a director of that company? Does he actually own that company? Has he ever been the owner of Morecambe football club? What was his arrangement with Mr Al-Hashemi for supposedly putting money into the club? Did he actually have a credible plan to bring investors on board but was thwarted by some wrongdoing whilst out of the country?
And if he's a man of mystery, then we come onto:
Mr Abdul Al-Hashemi - The enigma. At no point has he ever (given documents available publicly) had any ownership stakes in Morecambe Football Club or it's holding company. Yet he has been quoted as 'selling his interest' in the club to Mr Cala and has supposedly been the one who stumped up the initial cash to buy the club on behalf of Mr Lemos and inject funds for staff wages. As far as I can see he has only been a director at the club. Why would he therefore put money into a club? The statement made by the club would suggest that there is some documentation somewhere that shows he had a credible stake in the club.
So who should be responsible for paying the wages? If the club has a viable option of trading, then it comes down to the owner (who on the face of it appears to be Graham Burnard) under the stewardship of the Directors (note they can only deal with the funds at their disposal). If it has no current viable option to trade unless a new buyer is found, then in my opinion that should be the job of administrators, as all current attempts to bring in investment have failed.
However, I can't help feeling that all roads lead to Abdul. He's the one person that keeps cropping up in all of this - the one with cash, Diego's backer, 'advising' the board when Diego was AWOL, an 'interest' in G50 'owned' by Burnard, and the one to get Cala involved in buying his 'interest'.
Whatever happens, I hope that first and foremost it is remembered that the people being hit the hardest in this, the unpaid staff, aren't just a creditor, they are real people with real lives who have to pay real bills in order to survive. Morecambe Football Club has always been a family, and it pains me to see people who have served the club so well suffering at the hands of those playing football club monopoly.
HOWAY THE SHRIMPS!!!!!
On topic(ish) and proud!