Whilst i'm acutely aware of last nights awful events I dont think its fair to slate the club for pressing ahead with this. Some of the reactions on here just come across as bollocks rhetoric to me. I'm not really sure why there's people in the world who are so angry and so desperate to destroy each other but the fact is they exist and its bloody upsetting just to live in these times nevermind be touched by the actions of these people.
In the meantime the club had started a process we'd all been screaming for and the wheels were in motion, its right to stand up and move on, face the adversity and show it you're not at the mercy of this bizarre hatred of fellow human beings.
Now, the actual announcement, can only mean the club are buying back John King's shares and will seek a majority vote from the voting shareholders at this EGM to convert them to voting shares. I have very mixed feelings about this. It has to happen if we are to seek new investment, we simply cannot expect to get the type of investment we all dream of without that, no major investor would accept to own less than a controlling majority of the club without owning a majority shareholding as well. John King is also getting on in life and may not feel he has someone to pass this on to. On the whole surely this a real positive step, there's also the fact that a very reputable company has been brought in to manage the process of these shares being made available as an investment opportunity, very positive indeed.
Then there's the feeling I have that this could very easily turn a bit sour, but if the chairman is up to something here I just dont see whats in it for him? He cant enjoy the stick he gets from an ever growing % of our support, he cant have enjoyed seeing an empty stadium hosting the worst football team this club has ever fielded at the end of last season. He cant believe he isnt responsible for that? I want some assurances that those shares won't sit with the chairman or his associates for too long, a lot rides on the outcome of this EGM.