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EGM Question

Wed Feb 10, 2010 7:20 pm

I have just been told by my brother that the only agenda for this EGM is to transfer the responsability of the sports hall of fame thing over to Borley. Can anyone confirm that this is the only item on the agenda? Because if it is I am sure that they will only discuss the items on the agenda and nothing else. Can someone confim if that is correct? If all this is true why is everyone getting excited over it as nothing will be done about the prick that is ridsdale!
I as the rest of you have gone through some really low times following the City but this is by far the lowest I have ever felt! I keep saying to myself to stop going down but as a heroin addict knows the drug is not doing him any good but he can't help himself from having his fix!
LONG LIVE CARDIFF CITY
RIP Ninian Park
May CCS live up to the old lady that was Ninian Park!

Re: EGM Question

Wed Feb 10, 2010 7:26 pm

Yes I read that somewhere today will try and find it in a mo

Re: EGM Question

Wed Feb 10, 2010 7:30 pm

The agenda for the meeting only lists one item: the sale of the House of Sport land to director Steve Borley for £450,000, which will be used to write down the £1.2m the club owes Mr Borley as part of its stadium fit-out debts.

It's off page 2 of this article - http://www.walesonline.co.uk/footballna ... -25800751/

Re: EGM Question

Wed Feb 10, 2010 7:34 pm

So does that mean that ridsdales miss management of finances cannot be queried? I thought the whole point of getting this EGM was to get him in the hot seat!

Re: EGM Question

Wed Feb 10, 2010 7:36 pm

Splottoman wrote:So does that mean that ridsdales miss management of finances cannot be queried? I thought the whole point of getting this EGM was to get him in the hot seat!

That is a question I have asked in another thread? maybe a thread with that question should be made :lol: best to get things in triplicate :lol:

Re: EGM Question

Wed Feb 10, 2010 7:43 pm

Very true! Thanks for checking it out! Will get on the case when I finish my dinner!

Re: EGM Question

Wed Feb 10, 2010 7:49 pm

The Trust were straight onto this Monday and the club have received letters demanding that the finances are added to the agenda, another Trust member has written in asking for a vote of no confidence to also be added,
We await their answers.

Corky

Re: EGM Question

Wed Feb 10, 2010 7:54 pm

corky wrote:The Trust were straight onto this Monday and the club have received letters demanding that the finances are added to the agenda, another Trust member has written in asking for a vote of no confidence to also be added,
We await their answers.

Corky

I thought they needed 28 days notice for a matter to be put down on the agenda? I think something called a special notice is required to remove a director and must be presented to the club by a shareholder within 28 days of the meeting. Having received the special notice, the club would need to inform shareholders of the resolution when it gives notice of the meeting. I may be wrong. Could someone correct me on this?
Last edited by ihatealiens on Wed Feb 10, 2010 8:10 pm, edited 1 time in total.

Re: EGM Question

Wed Feb 10, 2010 7:57 pm

Surely theres got to be "any other business"????

Re: EGM Question

Wed Feb 10, 2010 7:58 pm

The EGM had to be called because there is an issue of selling a land asset to a director.

Therefore it is not too surprising that the only matter listed on the agenda is that item.

However, any shareholder can put in a written application to have items added to the agenda and it seems that the Trust have already done this as has another shareholder.

So lets watch this space

Re: EGM Question

Wed Feb 10, 2010 8:00 pm

Corky
Thanks for replying. Let's hope it can all be added in time!
Cheers
Steve