League Two Club Ownership Thread

PuB

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Same here, I’m wondering if a potential new owner could have asked for a new CEO to be in place whilst the deal goes through, and that’s why Fisher was appointed.
 

Chris FGR

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Billionaire owner eh? Seems Gillingham could go from one of the lowest spending clubs in the EFL to being a Premier League club very soon in that case. Much like Brighton, Brentford & Bournemouth.
 

DearneValleyRover

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Billionaire owner eh? Seems Gillingham could go from one of the lowest spending clubs in the EFL to being a Premier League club very soon in that case. Much like Brighton, Brentford & Bournemouth.
Not all billionaire owners spend, ask Barnsley fans
 

PuB

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Billionaire owner eh? Seems Gillingham could go from one of the lowest spending clubs in the EFL to being a Premier League club very soon in that case. Much like Brighton, Brentford & Bournemouth.
Depends what his plans for the club are (if it’s true), still all just internet rumours at the moment
 

PuB

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Even if he spends, £1 its more than scally in recent years
That’s the total of Scally’s investment, he has done very well out of it though over the 27 years (and I’m no Scally basher).

It’s just the club finds itself back at square one after that initial quid.
 

GFC4EVA

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That’s the total of Scally’s investment, he has done very well out of it though over the 27 years (and I’m no Scally basher).

It’s just the club finds itself back at square one after that initial quid.
I'll always appreciate scally for saving our club and giving us the best times I've ever had supporting us but the time has come for him to go for the club sake and his own health which apparently is not good.

The club has stagnated and under him we are only heading in one direction and that's into non league, time for a fresh approach it may not work with a new owner but we need to try it as a club.
 
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DearneValleyRover

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I'll always appreciate scally for saving our club and giving us the best times I've ever had supporting us but the time has come for him to go for the club sake and his own health which apparently is not good.

The club has stagnated and under him we are only heading in one direction and that's into non league, time for a fresh approach it may not work with a new owner but we need to try it as a club.
It sounds a lot like John Ryan with us, his money could only take us so far, in the end he tarnished his reputation with us and it seems Scally has done the same with you, best thing is to separate the person who saved you from the one who left at the end because we all have faults and I’m sure just as JR had , Scally only wanted the best for Gillingham, they just get lost in their own ego’s and with social media the bile of utter numpties
 

GFC4EVA

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It sounds a lot like John Ryan with us, his money could only take us so far, in the end he tarnished his reputation with us and it seems Scally has done the same with you, best thing is to separate the person who saved you from the one who left at the end because we all have faults and I’m sure just as JR had , Scally only wanted the best for Gillingham, they just get lost in their own ego’s and with social media the bile of utter numpties
Scally's biggest problem has always been, he's In the right all the time, it's his way or the high way, his ego has got to big and its caused problems with the fans, he can slag us fans off and think it's ok but goes running to the media when fans bite back ( not condoning the vile abuse he recieved some of it went way to far).
 

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Our Yanky owners are over at the moment top of there agenda is to seal a permanent deal for DJ according to some.talks are already ongoing Flynn mentioned it last week 11 goals already so i see some competition for his signature coming from clubs who will offer silly wages.
 

THE LAST WALTZ

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It sounds a lot like John Ryan with us, his money could only take us so far, in the end he tarnished his reputation with us and it seems Scally has done the same with you, best thing is to separate the person who saved you from the one who left at the end because we all have faults and I’m sure just as JR had , Scally only wanted the best for Gillingham, they just get lost in their own ego’s and with social media the bile of utter numpties
This is just about the perfect summation of our situation.
Thanks Paul but let’s try and move the club on.
It will be with a certain amount of trepidation though as not all overseas owners end up being good for the clubs, do they?
 

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Our Yanky owners are over at the moment top of there agenda is to seal a permanent deal for DJ according to some.talks are already ongoing Flynn mentioned it last week 11 goals already so i see some competition for his signature coming from clubs who will offer silly wages.

Nice to get a fee for a free transfer.
 

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Now rumoured to be very close
 

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Now rumoured to be very close
Harris was asked about the rumours today and didn’t dismiss them, said he’d seen them himself but was a bit in the dark.
 

GFC4EVA

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Harris was asked about the rumours today and didn’t dismiss them, said he’d seen them himself but was a bit in the dark.
Yeah saw that, looking like to be truth in the rumours I don't want to get excited but finding it hard not to
 

GFC4EVA

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Looks like the take over is very close as american businessman now owns priestfield stadium
Edit:
Not sure exactly if he owns the stadium, seems he has given the club a loan (probably as the takeover may go beyond the January transfer window),which according to kent online has given him the freehold to priestfield all confusing stuff
 

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PuB

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Looks like the take over is very close as american businessman now owns priestfield stadium
Edit:
Not sure exactly if he owns the stadium, seems he has given the club a loan (probably as the takeover may go beyond the January transfer window),which according to kent online has given him the freehold to priestfield all confusing stuff
He effectively now owns the ground as a prelude to finalising the deal to buy the club (I assume). More on the BBC link.

https://www.bbc.co.uk/sport/football/63809752
 

Agombar stool

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Looks like the take over is very close as american businessman now owns priestfield stadium
Edit:
Not sure exactly if he owns the stadium, seems he has given the club a loan (probably as the takeover may go beyond the January transfer window),which according to kent online has given him the freehold to priestfield all confusing stuff

So this Floridian property magnate now owns the football clubs biggest asset yet hasn't (yet) passed the fit and proper owners test etc? Any alarms with any Gills fans or is this all kosher? Do you have a Trust that is being kept closely involved in all this?
 

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If clubs hired competent managers they would not need millionaire owners, But it does help.
 

THE LAST WALTZ

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So this Floridian property magnate now owns the football clubs biggest asset yet hasn't (yet) passed the fit and proper owners test etc? Any alarms with any Gills fans or is this all kosher? Do you have a Trust that is being kept closely involved in all this?
No alarms bells with me mate.
We don’t know if he has passed the fit and proper test yet as these things are never disclosed until the deal is completed, or at least they shouldn’t be.
As for him being a Tampa based property magnet, the properties he tends to deal with are multi million dollar properties in and around LA and Florida. I would be absolutely astonished if he woke up one day and thought to himself “Medway, that’s where it’s at. That’s where I am going to look for my next luxury project”.
Only time will tell I guess, but we need some sort of change now.
 

PuB

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So this Floridian property magnate now owns the football clubs biggest asset yet hasn't (yet) passed the fit and proper owners test etc? Any alarms with any Gills fans or is this all kosher? Do you have a Trust that is being kept closely involved in all this?
Everything’s tied up in NDA’s so the little information we can find is just what’s online. We do have a trust but they’re in the dark too. As The Last Waltz says, I’d be astonished if he was looking at a relatively small plot of land in a run down area and thinking he can make a fast buck by building luxury houses on it.

Some people think the fit and proper persons test has already been passed, but again that’s just speculation at this stage.
 

THE LAST WALTZ

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Just a side note, the prospective buyer does not own the ground. The ground is still owned by the football club.
He merely has a charge registered against it.
 

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Thanks for all the replies Gills fans. I hope the takeover goes well for you.
 

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No alarms bells with me mate.
We don’t know if he has passed the fit and proper test yet as these things are never disclosed until the deal is completed, or at least they shouldn’t be.
As for him being a Tampa based property magnet, the properties he tends to deal with are multi million dollar properties in and around LA and Florida. I would be absolutely astonished if he woke up one day and thought to himself “Medway, that’s where it’s at. That’s where I am going to look for my next luxury project”.
Only time will tell I guess, but we need some sort of change now.
Was Scally as his name suggests?
 

PuB

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If anyone can tell me whatever on earth this means I’d be delighted. Ta.

 

northstandexile

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If anyone can tell me whatever on earth this means I’d be delighted. Ta.

Article 3 says there are 600 million shares in the limited company.

The owners want to sell more shares and thus dilute the shareholding of existing shareholders, in order to do this then they have to delete Article 3.

Present owner owns 75% of shares but I think company law says that more than 75% of shareholders need to vote in favour of an article change.
 
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PuB

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Article 3 says there are 600 million shares in the limited company.

The owners want to sell more shares and thus dilute the shareholding of existing shareholders, in order to do this then they have to delete Article 3.

Present owner owns 75% of shares but I think company law says that more than 75% of shareholders need to vote in favour of an article change.
Thanks mate, it may as well have been written in Chinese as far as I’m concerned.

So that would seem to suggest a change of ownership is imminent?
 

northstandexile

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Thanks mate, it may as well have been written in Chinese as far as I’m concerned.

So that would seem to suggest a change of ownership is imminent?
Or Scully just wants some fool to buy some new shares but keeps majority of shares himself.
 
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