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The board (normally only populated by NED's, but in this case include the CEO, who was also a minority shareholder ... what a mess!!!) contribute to the developing and monitor the strategy. In short all preparations and the main core of the strategy is presented to the board by the CEO. The...

Correct. He was a Non Executive Director (NED). Should there be one or two who are not familiar with the work and responsibilities of a NED here is a short description from wiki: Strategy: Non-executive directors should constructively challenge and contribute to the development of strategy...

Good for him - he is much more popular with the fans when he attend matches in the stands.

Edit: Millie explained my question - thanks!

I think Hoffman told lordsummerisle on the famous phone call that he resigned ...

Why pull it down - just make sure the local pigdeons are well fed ...

Nah, considering the state the pitch is in they would have found the doll with the needles long ago ...

What exactly am I defending? All I can read in my post is criticsism of offering to take on a high risk at a reduced interest. It's against all financial logic. And yes - the risk would be lower if the main tenant were certain to stay for the duration of the mortgage nomatter who the tenant is...

Interest is the price of money. Interests goes up with the risk of not getting the money back. So while CCC/ACL is at war with the club and the risk of not having their tenant back, that risk is increasing, which should lead to increasing interest. CCC have actually relieved Yorkshire Bank from...

Why do you think it is a reward?

I think the CCC would have to call in the loan and ACL would have to find alternative financing. That would probably put ACL at the brink - or even push them into - administration.

More like incompetent - and as that already seem to be the general concensus about him on this forum, why make up wild conspiracy theories?

If he has something he want's to set straight he should do it in public. He seem capable enough to get access to the media, so he should say what he have to there and not to a select few on a forum. This would give the other stakeholders opportunity to speak up if his memory is clouded or if he...

The board was: Ranson, Hoffman, Elliott, Parkin and Igwe. How Igwe (only sisu rep) could outvote Ranson and Hoffman is beyond me. In case of split voting the chaimans vote is deciding.

Believe him - it is true.

I had the chance myself but declined a call. As I have no access to the other stakeholders I felt I would not be able to verify/test anything he could tell me - especially about the work on the board he took part of.

If the debt is only worth £5m, what makes you think anybody would pay £7m?

The club would not have been distressed had the CCC shared the profit from the selling of the land to Tesco. ACL would never have been formed - the club would have owned 50% of the stadium and benefitted from every income stream matchday, concerts, casino, conferrences etc. It lead to the...

And that's pretty much where it all began. The rest is chain reactions.

That's one of the points I try to make. Boards usually have people from outside the company and it is common practice they all sign a confidentiality agreement (with a hefty fine for breaking it) to ensure the board are able to discuss all and every aspects without risking sensible information...