Comment on One, er, Two Rules to Rule Them All by Homunculus.

    StevieBC 16th March 2019 at 14:22


    Better to choose to walk away in a dignified manner and onto a better opportunity…than be resigned by King, followed by an undignified chase to secure your legally entitled severance pay.


    He's in the first year of a four year contract, I would imagine he is on a reasonably lucrative contract, it's not going to be cheap to get rid of him.

    Homunculus Also Commented

    One, er, Two Rules to Rule Them All
    John Clark 26th March 2019 at 20:28


    That makes sense, the Police have to investigate crime, they have to arrest people, interview them etc.

    So long as there are checks and balances, rules for them to adhere to, oversight of their actions then that's fair enough.

    In a civilized  democratic society we need a Police force capable of investigating crime, however they must also be subject to independent oversight. 

    One, er, Two Rules to Rule Them All
    John Clark 26th March 2019 at 19:30


    Indeed, if the Police can demonstrate that they had reasonable grounds to suspect and were acting in good faith. Would it then be wrongful.

    One, er, Two Rules to Rule Them All
    John Clark 26th March 2019 at 17:21


    (Has CG in fact raised an action for wrongful arrest? I must have missed that! At least I don't have a note of it  that I can find?)


    It has certainly been reported that way.



    Recent Comments by Homunculus

    Resolution 12 & The Broken Bond
    Timtim 1st December 2019 at 01:11


    Surely if there is a release clause in his contract then any "bidding war" would relate to the players wages / signing on fee rather than the price of his registration. Why would anyone pay more than the release clause, better to spend the money on securing the players signature on a contract.

    Resolution 12 & The Broken Bond
    Cluster One 29th November 2019 at 18:58


    As stated above I believe Club 1872 had two purposes, one to buy shares and lead to some sort of fan ownership. The other to provide money for projects as agreed with the club. The money was going to be spent equally on both, after 5% was taken for administration. This was the basis on which people signed up to it. 

    Given the club was desperate for money to stay afloat it was decided that buying shares could also be a "project" and most of the money has been spent on buying shares. Demonstrating pretty well just how much control the club has over the Community Interest Company, they use the money donated for basic day to day operations.

    Unfortunately due to the dilution when lenders converted loans to equity their percentage holding has actually dropped rather than increased, so neither purpose is really being met. 

    Resolution 12 & The Broken Bond
    easyJambo 28th November 2019 at 12:12


    Assuming they were ever going to be invited to join in. The feeling I get is that if there is investment it will be specific people doing it, resolution 8 which I believe relates to pre-emption, was passed. 

    I don't think the board has any particular problem with Club 1872's holding being diluted and only sell them shares when there is no-one else with cash they are willing to put in. 

    Resolution 12 & The Broken Bond
    I have read the comments with regards Dave King having to put his money in so early in the season, I believe that originated from PMG. That would suggest a cash flow issue, in addition to a turnover one. 

    That loan is I believe part of the way in which they are dealing with the £10m shortfall . People have questioned why it would be needed so early in the season, surely cash flow issues would come later on.

    I think it is generally agreed that this shortfall was caused by the purchase of two players, Kent and Hellander if memory serves. Basically they bought players they couldn't afford in order to compete and have had to borrow the money. 

    It does occur though, what terms were the players bought under. If they have to come up with so much of the money straight away, and to clear the debt within the season that would suggest that the other clubs have not given them very much by way of "time to pay". Though to be fair the structure of these deals is not something I am particularly up on. 


    Resolution 12 & The Broken Bond
    Allyjambo 27th November 2019 at 13:09


    It is also worthy of note that he is charging them interest, apparently the SA authorities would not sanction anything else. It appears he is impecunious when it suits and the SA authorities curtail his activities at other times.

    It may be worth keeping an eye out for any new securities being registered.