Comment deleted by Article Creator
We all have a great big pi@@ up
Ticket prices will be reduced
Ticket prices will be reduced
--------------------------------------------
Only for his funeral...............................otherwise no-one would turn up to it.
It wouldn't surprise me if he's gone senile and Shaun Harvey has power of attorney anyway.
Presuming Papa actually owns the club one of a couple of things will happen
he dies without a will (very unlikely for a man like Ken) - all his shares pass to his Next of Kin ( i guess Suzannah) and she gets controlling stake in Leeds
he dies with a will in place - his shares go to the beneficary who would take controlling interest in the club (this could be anyone, his wife, another random business partner, an offshore trust, another director).
Both of these have many problems not least of which the person who gets the shares may have absolutely no interested in Leeds as a business and neglect it (as bad a Papa is, at least the club is running!!)
What is more likely is that he, and the rest of the directors, have Share Purchase Agreements in place. this is basically an insurance policy taken out on his life that is valued at the approx amount of his shareholding with the money being paid to the rest of the directors and a legal document that gives the rest of the directors the right to buy the shares at market value and for Ken's NOK (Suzannah) the right to sell.
The outcome would be that the currnet board stay in control and elect a new chairman - Shaun Harvey most likely and the lovely Suzannah gets a shed load of cash.
Or to put it simply he screws us again!
Yes it would be interesting and have us in suspenders,
I dont know what the majority on here moan about...
you get your moneys worth with LUFC...the dramatic
seasons, the last minute goals for and against,
on and off the field sagas, your own soap operas...
a chairman who acts like a character out of a Bond
film...neurotic and irrational fans.....what more do you
want from a provincial football club?!
The match after he dies we'll get 35K+ attendance, all cheering that our club has a brighter future.
That sounds about right Tony's boot although there may be a different or varied position under Monaco law.
He will probably have the Iposition sewn up but I can't see anybody else, even his mrs, being as harsh as Uncle ken
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posted on 25/1/12
Comment deleted by Article Creator
posted on 25/1/12
We all have a great big pi@@ up
posted on 25/1/12
Ticket prices will be reduced
posted on 25/1/12
Ticket prices will be reduced
--------------------------------------------
Only for his funeral...............................otherwise no-one would turn up to it.
posted on 25/1/12
It wouldn't surprise me if he's gone senile and Shaun Harvey has power of attorney anyway.
posted on 25/1/12
Presuming Papa actually owns the club one of a couple of things will happen
he dies without a will (very unlikely for a man like Ken) - all his shares pass to his Next of Kin ( i guess Suzannah) and she gets controlling stake in Leeds
he dies with a will in place - his shares go to the beneficary who would take controlling interest in the club (this could be anyone, his wife, another random business partner, an offshore trust, another director).
Both of these have many problems not least of which the person who gets the shares may have absolutely no interested in Leeds as a business and neglect it (as bad a Papa is, at least the club is running!!)
What is more likely is that he, and the rest of the directors, have Share Purchase Agreements in place. this is basically an insurance policy taken out on his life that is valued at the approx amount of his shareholding with the money being paid to the rest of the directors and a legal document that gives the rest of the directors the right to buy the shares at market value and for Ken's NOK (Suzannah) the right to sell.
The outcome would be that the currnet board stay in control and elect a new chairman - Shaun Harvey most likely and the lovely Suzannah gets a shed load of cash.
Or to put it simply he screws us again!
posted on 25/1/12
Yes it would be interesting and have us in suspenders,
I dont know what the majority on here moan about...
you get your moneys worth with LUFC...the dramatic
seasons, the last minute goals for and against,
on and off the field sagas, your own soap operas...
a chairman who acts like a character out of a Bond
film...neurotic and irrational fans.....what more do you
want from a provincial football club?!
posted on 25/1/12
The match after he dies we'll get 35K+ attendance, all cheering that our club has a brighter future.
posted on 25/1/12
That sounds about right Tony's boot although there may be a different or varied position under Monaco law.
He will probably have the Iposition sewn up but I can't see anybody else, even his mrs, being as harsh as Uncle ken
posted on 25/1/12
Robert Walpole NJS
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