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Altrincham FC First Team / Re: If we lose all our remaining games.....
« on: February 04, 2017, 12:32:32 PM ».
I would give Diego Sedoc a game today, it can't do any harm can it
I expect he would need international clearance.
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I would give Diego Sedoc a game today, it can't do any harm can it
I want to know who replaces him. ...
I also want to know what happens to the share holding he had? Does he have to forfeit some of these shares or forced to sell them? I would imagine they need to be available to a new board member.
Not sure as to the answer of some of your questions, but resigning from the board normally does not trigger a requirement to sell shares (not even sure if he held any shares anyway)
However, who would want to replace him?? Alty FC is on the way down..these things tend to be cyclical in life, but anybody smart in business knows that a down cycle can easily lead to insolvency. So who wants to risk being a director of a fairly high profile entity that goes bankrupt. I am not saying Alty will go bankrupt...its just a logical consequence of any business that is failing for whatever reason. Some survive, others don't. I think we will survive, even after relegation this season, but honestly I cannot be sure.
So then there are a few types of people who would volunteer for director. Maybe a representative of a major sponsor, who is fairly secure in their own career and don't care about the risk of a bankruptcy on their CV. Or a fan representative (can't see this happening, but who knows). Anybody with money to invest almost certainly won't do it unless they gain control. Or an idiot who does not understand risk. Or nobody at all.
Did I miss any options???
What you have failed to grasp, is that the Club is a long way from bankruptcy and is in good financial health. That is part of the frustration most people have with the Board, we run a good business but the footballing side has failed dismally. We could do with more cash but then most clubs do. We cut our cloth accordingly and this will be no different next season in the Evostick. The Board deserve praise for the work they have done in eradicating the debt and creating a small profit in recent years and as a shareholder I see the financial statements, but they have grown stale, made some terrible decisions recently and need a new Chairman at the helm to provide fresh impetus into the Club.
I'm really hoping we can stay up ...
Next season
Fair play to him, I remember him standing with us (quite balanced with a snack in each hand) and joining in with the singing and shouting at officials etc. However, have I got it wrong that some Alty fans had a bit of a chant at him and he got a bit upset and walked off? Maybe I dreamed that bit?
Blackpool and Coventry are examples of clubs who are in a lot worse position and they haven't started new clubs so definitely a no from me.
I could be wrong, but didn't Nicky state that MD was a big reason he returned to Alty?