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Kelvin Thomas

Question: Should KT remain in his position at NTFC ?  (Voting closed: January 15, 2019, 22:03:57 pm)
Yes - 40 (51.9%)
No - 37 (48.1%)
Total Voters: 73

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Author Topic: Kelvin Thomas  (Read 7116 times)
« Reply #140 on: January 13, 2019, 16:33:09 pm »

The fact of the matter is a local consortium of businessmen with a 75% shareholding and a fan owned 25% would have the football club as its priority, not land, not stashing millions in off shore tax havens but putting money into the infrastructure and playing side as and when the funds become avalible.
There are lots of companies out there that will come up with a business plan for us, Delloitte, PwC, E&Y etc.
I would be willing to invest into the fans part but to make this work we are talking 1000's per supporter.
What I do know is getting rid of the incumbents must be a priority.
Just an observation Manny, but what you are proposing here is that fans put in thousands per supporter whilst a consortium of business people hold the 75% majority control. In this scenario what would stop the consortium selling out to another Cardoza or Thomas if things get tough or unpalatable? If this is going to be investigated in my opinion the ownership must be set up along the lines of at least 55% fan owned and capped at minimum of 0.1% per supporter. The other 45% should be split amongst individual shares from corporate bodies and the like. That would dictate that a considerable number of supporters would need to combine with the total corporate share to sell the club back to square one. If this is going to be properly considered then a complete break from past structures that protects the club from reverting to this position ever again has to be the aim. Otherwise what is the point? A proposal along those lines would receive enthusiastic support from me including personal investment. Assuming it gets this far, any compromise on majority fan ownership with a low level cap on shareholding and I for one won’t be interested.
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