Your clubs owners don't care about you!

[Brooksiders Return!!]

A good article in The Independent 


www.independent.co.uk/sport/football/news-and-comment/owners-care-manchester-city-dulwich-hamlet-blackpool-sheffield-united-leyton-orient-a8046881.html

Not withstanding the selfishness and self serving desires of so many football club directors, they do not care about you.

Club Directors don't care, and one reason is that, is by law they aren't allowed to care. The Directors one and only responsibility in a Ltd Company is to the Company, secondly it is to the Shareholders. It is not, and never can be a responsibility to the customers or the community that they serve. If a property deal benefits The Company, then who cares if it means losing your ground of 100 years? Who cares if your customers are inconvenienced? You might even need to find a new customer base, but it doesn't matter. 

[B*ue dragonstander]

To act in a way the director considers (in good faith) is most likely to promote the success of the company for the benefit of its members as a whole (or, if relevant, other purposes specified in the constitution). (regulation 20-24). In performing this duty, a director must have regard to all relevant matters, but the following are specifically identified in legislation:
the likely consequences of any decision in the long term;
the interests of the company's employees;
the need to foster the company's business relationships with suppliers, customers and others; the impact of the company's operations on the community and the environment;
the desirability of the company maintaining a reputation for high standard business conduct; and the need to act fairly as between members of the company.

Duties are owed under law to employees, customers, suppliers and shareholders. In practice the remedies available to these four groups are weak to the point of being all but useless.

As fans or minority shareholders in an unquoted company that runs a football club have little or no say if the Directors choose to ignore them.

[Woodenose]

Following the court judgment in favour of former club Director Valeri Belokon against the Oyston family, whereby Belokon was awarded over £31 million in damages, the long-term future of Blackpool FC has been plunged into doubt and if a buyer for the Bloomfield Road outfit is not found by January 2018 they could either fold or drop into the Vanarama National League for season 2018/19.

[Brooksiders Return!!]

The sadness is that Valeri Belokon cared just as little about Blackpool, and is a convicted fraudster who is banned from being a Director of a company!