Fleet to be run by the supporters trust????

[Uncle Urchin]

might be worth checking that out more thoroughly Richard as I do believe that its not as simple as that...for starters the operator has the right to compensation suffered due to any changes in the original constitutions..??

[MrMushroom]

Originally Posted By: rsheard

Whatever members remain still have decision power whether to continue or try to sell the club.

The Rules of the Society states that the ownership of the club should be 'given or tranferred' to another charitable trust with similar aims in the event of MYFC folding. The members may vote on which other society. There is no option to sell the club.

Generally, under English charity law, the trustees of a charity have 'beneficial ownership' of the assets of the charity and are personally liable in law for carrying out the requirements of the trust deed. (As a charity trustee myself I'm all too aware of these liabilities!) I'm not sure how this relates to an IPS (MYFC is an IPS) but I suspect that there will be similar checks and balances which will limit the Society's ability to go against the Rules.

[Harry J Allstars]

Originally Posted By: PatMan

Originally Posted By: ItsBusiness

No idea, the article suggests it but I don't know where the information comes from. Do you know otherwise?

Am sure it was discussed to death here many times - It has to be offered to a 'similar' kind of trust, but this doesn't HAVE to be the original Fleet Trust.
Thats my understanding anyhoo...

You're right, it could be any trust.

Someone could just set up a trust and that would be that, they'd be able to buy the club.

[kmj]

Neither MyFC or The Fleet Trust are charities.

[doheochai]

Originally Posted By: PatMan

Am sure it was discussed to death here many times - It has to be offered to a 'similar' kind of trust, but this doesn't HAVE to be the original Fleet Trust.
Thats my understanding anyhoo...

Originally Posted By: MrMushroom

The Rules of the Society states that the ownership of the club should be 'given or tranferred' to another charitable trust with similar aims in the event of MYFC folding. The members may vote on which other society. There is no option to sell the club.

Part K

[Darter]

Dom this is an interesting post. I would respectfully suggest that people on here read it carefully - particularly the part about the Operator having the right to "walk away". You are after all at the centre of things and know more than most about what has been going on over the last year.

[doheochai]

Originally Posted By: Darter

You are after all at the centre of things and know more than most about what has been going on over the last year.

Sal - less at the centre of things than people suggest. The above is my opinion made by looking at the available evidence.

[Darter]

Originally Posted By: doheochai

Originally Posted By: Darter

You are after all at the centre of things and know more than most about what has been going on over the last year.

Sal - less at the centre of things than people suggest. The above is my opinion made by looking at the available evidence.

Ah Dom, we know all too well about the inner circle and the real inner circle ....

[American FLEET FAN No1]

Originally Posted By: Darter

Originally Posted By: doheochai

Originally Posted By: Darter

You are after all at the centre of things and know more than most about what has been going on over the last year.

Sal - less at the centre of things than people suggest. The above is my opinion made by looking at the available evidence.

Ah Dom, we know all too well about the inner circle and the real inner circle ....

Sal, you are not accusing Haw Haw of telling porkies, are you?........Shame on you, you will now be accused of joining the conspiracy!

[Darter]

Originally Posted By: American FLEET FAN No1

Originally Posted By: Darter

Originally Posted By: doheochai

Originally Posted By: Darter

You are after all at the centre of things and know more than most about what has been going on over the last year.

Sal - less at the centre of things than people suggest. The above is my opinion made by looking at the available evidence.

Ah Dom, we know all too well about the inner circle and the real inner circle ....

Sal, you are not accusing Haw Haw of telling porkies, are you?........Shame on you, you will now be accused of joining the conspiracy!

Lol, no Les - I am sympathising with him, he is actually being very even-handed here! and anyway, I am already persona non grata ... lol ... gutted ....

[Jeff]

Originally Posted By: Darter

You are after all at the centre of things and know more than most about what has been going on over the last year.

Hahahahaha!

[Stu M]

Originally Posted By: doheochai

I am not talking about PTT here, in my opinion it is a dead duck. But the fact that members do not vote on issues like the sanctioning of player signings is, in my opinion, a fundamental mistake and is costing MyFC dearly.

In my view PTT is actually more workable than members trying to get involved in transfer negotiations. After all, much as I oppose it, there's not a lot can go horribly wrong with PTT given the squad limitations. The biggest danger in it is that it might not necessarily lose games, but it won't win you many either over and above the traditional setup.

But sanctioning player signings... to do anymore than merely rubber-stamp the process, you're getting into - as I see it - unworkable territory. Take the Michael Gash situation - Daish has put in an offer, Kettering have had one accepted... you need to move quickly on these things, you need to up your bid instantly, offer the player a better deal instantly, call the whole thing off instantly... how do you properly sanction the ins and outs of a deal like that when speed and in many cases secrecy is paramount?

[Darter]

Jeff you may laugh (and you have laughed lol), but I think you will find that Dom has had the ear of Will rather more than anyone else posting on this thread ... he was there right from the beginning. Remember I used to be on the MyFC FT.

[Harry J Allstars]

Originally Posted By: Darter

I think you will find that Dom has had the ear of Will rather more than anyone else posting on this thread

Ooer...

Anyway we know he is on the inside, he registered on here the day before the announcement.

Time traveler or MyFC insider?

[Darter]

MyFC insider of course - the people doing the dealing only announced it when it was completely cut and dried. We knew the announcement was coming - well, I did anyway. And I wasn't on the FT then.

[Jeff]

Dom knows how to cut and paste. He also spouts s***e for Ireland.

 

I love the fact that you all think us poor locals supposedly have no idea what is going on with our football club.

 

It's not us who are the deluded ones Sal.

[Darter]

I didn't suggest that Jeff - however, no-one on here will know as much as Dom in respect of Will's views and his intentions, past and present. I'm sorry, it may be unpalatable but it's true.

[Jeff]

So if you're right, Will speaks as much manure as Dom.

 

OK then.

[Darter]

What Will speaks and what Will thinks are I'm sure not always the same thing ... just like the rest of us

[doheochai]

Originally Posted By: Stu M

But sanctioning player signings... to do anymore than merely rubber-stamp the process, you're getting into - as I see it - unworkable territory. Take the Michael Gash situation - Daish has put in an offer, Kettering have had one accepted... you need to move quickly on these things, you need to up your bid instantly, offer the player a better deal instantly, call the whole thing off instantly... how do you properly sanction the ins and outs of a deal like that when speed and in many cases secrecy is paramount?

I accept that there can be occasions that a vote is not possible - in relation to the loan transfer of Darius Charles for example, in the hours before any transfer deadline etc.

In relation to Gash - it would be possible to put it to a vote. For example, supposing Daish agreed a deal to purchase him for