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General Category => Altrincham FC First Team => Topic started by: Jimmy Hill on September 21, 2017, 10:04:03 PM
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From the club WhatsApp:
There has been interest, as expected, in acquiring 51% of the football club. A non-disclosure agreement (NDA) has been signed to allow these detailed discussions to continue. Further updates will be released when possible.
:o
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Sounds more promising than I was expecting, still moving very slowly but in the right direction seemly...fingers crossed
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Interesting update. Lets hope it becomes fruitful for us.
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That WhatsApp message derived from this statement.
We are pleased to advise that there has been interest in acquiring the 51% new share issue, and detailed discussions are underway under a Non-Disclosure Agreement (NDA). This NDA limits what the information we can share, but be assured that we will keep you updated where we can on developments in what could be a very important progression for the club"
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Rowley and his family out of the club, nothing else is acceptable
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Rowley and his family out of the club, nothing else is acceptable
Don't hold your breath. It doesn't say the interest in the 51% is from a single source. There could be multiple investors interested in a tranche of the shares, all 51% could be sold with Rowley still in control.
Smoke and mirrors ?
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Rowley and his family out of the club, nothing else is acceptable
Really? So they couldn't even continue in other capacities not related to boardroom decisions?
It's not a purge...
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Rowley and his family out of the club, nothing else is acceptable
Don't hold your breath. It doesn't say the interest in the 51% is from a single source. There could be multiple investors interested in a tranche of the shares, all 51% could be sold with Rowley still in control.
Smoke and mirrors ?
If these are bought in any capacity, even between 10 people, each would own more of our club than Grahame who owns just over 4%.
Any of these 10, who wanted to be chair may be able to usurp him.
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Rowley and his family out of the club, nothing else is acceptable
Don't hold your breath. It doesn't say the interest in the 51% is from a single source. There could be multiple investors interested in a tranche of the shares, all 51% could be sold with Rowley still in control.
Smoke and mirrors ?
This strikes me as very unlikely. I honestly don't think Rowley wants to a carry on as Chairman.
Whilst many on here will disagree with his logic, I expect he sees it as his obligation to make sure that the club is passed into good hands and he won't step down until this happens.
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Rather that than sell it to any wide boy that turns up with the right money surely?
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Id prefer a group of rich locals than one ...another swales white rosenfield with a genuine interest and spreading the load.
I hope the board do their due dilligence to prevent a vaughan...
It is also important any new investor has the right view to continue pushing alty forwards within the local community..
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Rowley and his family out of the club, nothing else is acceptable
Really? So they couldn't even continue in other capacities not related to boardroom decisions?
It's not a purge...
He has conducted nepotism to get his friends and family positions throughout the core of the football club - the whole thing needs ripping out
His son is manager of the reserves, his daughter in law is manager of community hall which his wife is a director of, his best pal now is kitman ffs do you think thats all a coincidence
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Rowley and his family out of the club, nothing else is acceptable
Don't hold your breath. It doesn't say the interest in the 51% is from a single source. There could be multiple investors interested in a tranche of the shares, all 51% could be sold with Rowley still in control.
Smoke and mirrors ?
This strikes me as very unlikely. I honestly don't think Rowley wants to a carry on as Chairman.
Whilst many on here will disagree with his logic, I expect he sees it as his obligation to make sure that the club is passed into good hands and he won't step down until this happens.
Completely agree with this.
Whilst I do think his ego has ruled his head too much and nepotism is definitely a big factor in the malaise, none of this has been done in bad blood, the family love the club and put a lot of effort in. They just dont know how to run a football club to the level required for Alty FC. I suspect thats recognised and there's a genuine drive to hand the club to people who can steer it back on the right course.
I think it would be shame to not see the Graeme and his family continue to run the community side which is clearly 'thriving' unlike the football club.
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Before the EGM which proposed the share transfer/reclassification, I asked Grahame Rowley if the Board could update the fans publicly on any progress on a monthly basis. He advised me he'd prefer to do so when there was something substantive to report. If you look back to JL's account of the EGM Grahame committed the Board to doing so publicly. Clearly this announcement 100% meets this commitment and I look forward to further updates - which I received via What's App!
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Before the EGM which proposed the share transfer/reclassification, I asked Grahame Rowley if the Board could update the fans publicly on any progress on a monthly basis. He advised me he'd prefer to do so when there was something substantive to report. If you look back to JL's account of the EGM Grahame committed the Board to doing so publicly. Clearly this announcement 100% meets this commitment and I look forward to further updates - which I received via What's App!
We had to give the early sign-ups an exclusive, didn't we!
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Rowley and his family out of the club, nothing else is acceptable
Really? So they couldn't even continue in other capacities not related to boardroom decisions?
It's not a purge...
He has conducted nepotism to get his friends and family positions throughout the core of the football club - the whole thing needs ripping out
His son is manager of the reserves, his daughter in law is manager of community hall which his wife is a director of, his best pal now is kitman ffs do you think thats all a coincidence
No, I agree with you. I don't think it's a very healthy situation.
However, I also don't support some kind of purge of anyone with the name Rowley!
What are you going to do? Sack them? Ban them from volunteering?
Surely the issue has been that GR's decision making and leadership has been poor, not the commitment of him or his family to the club.
Wanting every Rowley out of the club starts to look vindictive.
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Rowley and his family out of the club, nothing else is acceptable
Really? So they couldn't even continue in other capacities not related to boardroom decisions?
It's not a purge...
He has conducted nepotism to get his friends and family positions throughout the core of the football club - the whole thing needs ripping out
His son is manager of the reserves, his daughter in law is manager of community hall which his wife is a director of, his best pal now is kitman ffs do you think thats all a coincidence
No, I agree with you. I don't think it's a very healthy situation.
However, I also don't support some kind of purge of anyone with the name Rowley!
What are you going to do? Sack them? Ban them from volunteering?
Surely the issue has been that GR's decision making and leadership has been poor, not the commitment of him or his family to the club.
Wanting every Rowley out of the club starts to look vindictive.
Agree with all of that to be honest.
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I agree it appears to be vindictive. I don't believe Rowley has ever done anything without it being with best intentions. Ultimately not all of these decisions have been the best though. The kitman is someone with great passion for the club and doing this role voluntarily. Whilst it may look a strange decision, with it being done voluntarily it is saving the club funds and not many would want to do it for free! Not the daftest appointment.
It can probably be safely assumed he'd happily step aside from his role, if there was a suitable candidate willing to take over. He has the club at heart, so what he's not going to do, as many of you want him to, is step aside with no back up plan. I bet there is pressure from his family to do so and give up due to the immense hatred that he is putting up with.
If he steps aside after tomorrow's game, what do you expect will be the plan for next week??
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If he steps aside after tomorrow's game, what do you expect will be the plan for next week??
Sorry to be picky, but questions like this are best posed to the club's board and shareholders, not to the unofficial fans forum.
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The question was aimed at those on this forum who want him to 'go now', so is relevant to this platform.
If he were to walk away tomorrow, as many wish, what do they feel the plan should be?
The actual contingency plan, if they have one, would be down to the board/shareholders, correct.
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The question was aimed at those on this forum who want him to 'go now', so is relevant to this platform.
If he were to walk away tomorrow, as many wish, what do they feel the plan should be?
The actual contingency plan, if they have one, would be down to the board/shareholders, correct.
Grahame Rowley took the job without wanting it, it was thrust upon him as Vice Chairman.
If Grahame Rowley left, somebody would step up, temporarily at first, and then we'd see where we went from there. It would not be the end of the world.
Wanting every Rowley out of the club for good is vitriolic and was not the basis of the Rowley Out movement, something they have said many, many times. With the news of the share deal going well, we will probably see the end of Grahame Rowley's tenure as chairman. A couple of good results won't change people's minds, but that will.
You say you haven't been a member of the forum for long, have you been an Altrincham fan for the past 12 months? If not then you won't understand he feelings of unrest. They are still here, and with attendances down, it's not difficult to guess he reasons why.
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I agree it appears to be vindictive. I don't believe Rowley has ever done anything without it being with best intentions. Ultimately not all of these decisions have been the best though. The kitman is someone with great passion for the club and doing this role voluntarily. Whilst it may look a strange decision, with it being done voluntarily it is saving the club funds and not many would want to do it for free! Not the daftest appointment.
It can probably be safely assumed he'd happily step aside from his role, if there was a suitable candidate willing to take over. He has the club at heart, so what he's not going to do, as many of you want him to, is step aside with no back up plan. I bet there is pressure from his family to do so and give up due to the immense hatred that he is putting up with.
If he steps aside after tomorrow's game, what do you expect will be the plan for next week??
We'll never know because it wasn't advertised,it was just kept in house and given to one of Rowley's mates.
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The question was aimed at those on this forum who want him to 'go now', so is relevant to this platform.
If he were to walk away tomorrow, as many wish, what do they feel the plan should be?
The actual contingency plan, if they have one, would be down to the board/shareholders, correct.
Grahame Rowley took the job without wanting it, it was thrust upon him as Vice Chairman.
If Grahame Rowley left, somebody would step up, temporarily at first, and then we'd see where we went from there. It would not be the end of the world.
Wanting every Rowley out of the club for good is vitriolic and was not the basis of the Rowley Out movement, something they have said many, many times. With the news of the share deal going well, we will probably see the end of Grahame Rowley's tenure as chairman. A couple of good results won't change people's minds, but that will.
You say you haven't been a member of the forum for long, have you been an Altrincham fan for the past 12 months? If not then you won't understand he feelings of unrest. They are still here, and with attendances down, it's not difficult to guess he reasons why.
As Vice Chairman, if the Chairman was to leave then it would be expected he stepped up. I believe, I may be completely wrong, but there is no VC in place at the minute so nobody to step straight in. Is 'somebody' stepping up and then 'see where it went from there' really the direction to take?
Hopefully somebody steps forward soon and takes over from Grahame Rowley, so he can get back to actually enjoying watching the club he clearly loves and also moves the club forward. I suspect he's not at the moment and not just due to the level being played.
I've been an attending fan for a few years now, sadly coinciding with the slide down the pyramid, but hopefully It is coincidence and I'm not the jinx.
Onwards and upwards both on and off the field this season is potentially there but time will tell.
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The question was aimed at those on this forum who want him to 'go now', so is relevant to this platform.
If he were to walk away tomorrow, as many wish, what do they feel the plan should be?
The actual contingency plan, if they have one, would be down to the board/shareholders, correct.
I'd ring you Don from social chain And Nick from sporf and see if they fancied it.
I'd ring up The BoardRoom and see if any of those 50 rich folk We're interested
I'd ring up every member of the CEO Sleepout group hosted at Lancaster CCC
I'd phone up The 16 plus investors who played 11 a side on our pitch last season.
And maybe... just maybe... advertise the post on LinkedIn /Financial Times
That's not a bad place to start.
We'd still have a team out against Stalybridge. The club would still pay its bills. We wouldn't go bust
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Wouldn't surprise me if the hut group were interested, they're buying everything. They've even acquired broomwood baths, with massive expansion plans for it
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Wouldn't surprise me if the hut group were interested, they're buying everything. They've even acquired broomwood baths, with massive expansion plans for it
I've never heard of them,are they a safe option?
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Ha ha They're headquartered in Northwich. That would go down well.
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Wouldn't surprise me if the hut group were interested, they're buying everything. They've even acquired broomwood baths, with massive expansion plans for it
I've never heard of them,are they a safe option?
I think they're one of the fastest growing companies in Europe
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Due diligence please, nobody wants to look back on this in 4 years and regret what happened. I'd also like to hope / expect a new investor will give the current management team sufficient time and not bring in their own manager
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It's extremely unlikely that any listed company (such as HUT) would be interested in making an investment in a lower league football club as, put simply , there is no business case to do so. The directors of HUT must act in the best interests of their shareholders (many of whom will be institutional - pension funds for example) so doubt they would see a stake in Alty as something that will add shareholder value to their core business which is operating on line retail sites.
Unfortunately it's going to be much more difficult to find a buyer and take much longer unless we get lucky.
This purchase needs a (probably) local (preferably) Alty supporting wealthy individual who wants to buy as a vanity project (dangerous) or (more likely) as a labour of love.
Either way I don't see too many likely candidates on the terraces.
"How do you make a small fortune?"
"Start with a large fortune and then buy a football club"
No business case.
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Wouldn't surprise me if the hut group were interested, they're buying everything. They've even acquired broomwood baths, with massive expansion plans for it
I've never heard of them,are they a safe option?
They are one of top 1000 most influential companies in Europe
I think they're one of the fastest growing companies in Europe
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If Barrow are anything to go by it might take a couple of million to be around mid table in the national league .
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http://www.nonleagueyorkshire.com/2017/09/25/football-league-the-aim-for-albion/
This chap started following altrincham fc on twitter a while back.
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http://www.nonleagueyorkshire.com/2017/09/25/football-league-the-aim-for-albion/
This chap started following altrincham fc on twitter a while back.
Probably hoping to learn from our mistakes.
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Please please please be the direcdtors from the Hut Group....although I know at least one is a Man Utd season ticket holder...
Anyway....I hope the board make a good decision and remember no deal is better than a bad deal....the new investor must be long term and interested in growing the club
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Please please please be the direcdtors from the Hut Group....although I know at least one is a Man Utd season ticket holder...
Anyway....I hope the board make a good decision and remember no deal is better than a bad deal....the new investor must be long term and interested in growing the club
I think those suggesting the Hut Group might be right - it seems logical.
They are a private company - so dont have multiple shareholders to appease - outside of that a couple of interested directors could use their own money for it.
If you were savvy - you could avoid losing money - we have no debt and have spent within our means for a long time - hence the money they put in to buy the stake will be within their control for spending it.
The potential for sponsorship and a good improvement story are there
Hale Country Club - already has a pitch at the front and back and good quality facilities that they could build upon and use.
They do seem to be active in "acquiring" things, I understand they bought the old cottage/farm at the end of Clay Lane recently.
One of the founders lived in Didsbury on founding the company so its not unreasonable to assume he lives local still.
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Has anyone heard when we might hear more on this ?
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Has anyone heard when we might hear more on this ?
The eleventeenth of Never
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Thought we might have had an update by now are we presuming it wont happen now ?
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Thought we might have had an update by now are we presuming it wont happen now ?
Not after Rowley's comments the other week