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Chairman Update

Boz said:
I’m surprised that you think Peel Holdings will give us carte blanche to build as we want on their site. Unlike the situation with the club and the fan park, there are going to be other businesses also on their site, which will be affected dependent on how any new ground is planned.

I have no inside knowledge on what is going wrong with the Trust at present and the situation is troubling if we are left with only the puppet-regime of TROSC as a voice to represent fan interests. There is a need for an independent voice to do that. I would react far more favourably to a Mark Palios who accepted some responsibility for failing to scrutinise the initial plans at a point where they could have been adjusted or some alternative, even if just a new tent proposed. However like the Elton John song goes, sorry seems to be the hardest word.
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Boz, the point I was trying to make is it is leasehold land so yes of course there will be some restrictions but let's be honest even if we owned the land most of the restrictions will still be there as they will be from Planning, H & S, Policing etc. and in any event before the Lease is granted there will be clarity. What I think there won't be however is the micro analysis of the project that some on here are now saying MP is delinquent on.
After all if we say we are building a 20,000 seater stadium they won't be asking us to tell them how many loos we will have or whether the seats will be heated.
 
ADD said:
Boz, the point I was trying to make is it is leasehold land so yes of course there will be some restrictions but let's be honest even if we owned the land most of the restrictions will still be there as they will be from Planning, H & S, Policing etc. and in any event before the Lease is granted there will be clarity. What I think there won't be however is the micro analysis of the project that some on here are now saying MP is delinquent on.
After all if we say we are building a 20,000 seater stadium they won't be asking us to tell them how many loos we will have or whether the seats will be heated.
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No, of course we would not expect Palios to check every screw and review every invoice. However, I would expect him to have satisfied himself of the competence of all involved, gross costs, broader timescales, and to have regularly monitored progress, none of which seems to have happened.

He is ultimately responsible for a project of that scale on his property. That is the nature of leadership.
 
Rockford's Love Child said:
No, of course we would not expect Palios to check every screw and review every invoice. However, I would expect him to have satisfied himself of the competence of all involved, gross costs, broader timescales, and to have regularly monitored progress, none of which seems to have happened.

He is ultimately responsible for a project of that scale on his property. That is the nature of leadership.
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That is factually incorrect. Any asset owner can lease out real estate for a commensurate rate with safeguards in the event of the project failure so that the asset owner does not lose out. As it stands a bit of land of no historical use has property fixed to it which I would guess has more value than the cost of removal.
I would also guess MP made a deal which was to facilitate the Trust in their stated aim, as most fans would fully expect.
You are just inventing a completely absurd take on responsibility which doesn't exist anywhere, to pursue your vendetta. Real estate rent out and build in reversal clauses to protect their asset end of.
Mark probably trusted Ben to run the whole gig, which despite my doubts might have come off. As we all know the unforeseen happened and it appears chaos ensued.
I've never understood why people disapprove of someone else and then have to frame absolutely everything as their fault, however ridiculous. The Trust's continued silence speaks volumes.
Maybe down the line fans could install some aircon, which incidentally numerous commented on at the proposal stage, and then run the current matchday event in it. With possible functions as add ons.
 
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Rockford's Love Child said:
No, of course we would not expect Palios to check every screw and review every invoice. However, I would expect him to have satisfied himself of the competence of all involved, gross costs, broader timescales, and to have regularly monitored progress, none of which seems to have happened.

He is ultimately responsible for a project of that scale on his property. That is the nature of leadership.
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MP knew I am sure the competence wasn't there but if he had shut down the project imagine what reaction he would have got! Even worse than he is getting now which is the irony!
Hopefully MP will be gone soon and the Trust will be able to benefit from the new Owners bank balance!
 
ADD said:
MP knew I am sure the competence wasn't there but if he had shut down the project imagine what reaction he would have got! Even worse than he is getting now which is the irony!
Hopefully MP will be gone soon and the Trust will be able to benefit from the new Owners bank balance!
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Perhaps the project should never have been allowed to start in its current guise ?

Still, Palios got his nice photo ops at the outset, when he was happy to present it as a joint intiative.

He has plenty of form in this regard, with previous white elephant projects such as concerts, hotels, China etc etc. Yes, I am sure the Trust made plenty of errors, but he is certainly culpable.
 
I wonder what the paperwork Palios said was referred to the EFL around the end of Feb (?) related to? Are the 3 proposed takeovers all approved by the EFL? Or are we back to square one?
 
It seems that either the EFL have objected to components of the takeover personnel or the new parties have baulked at some of Mark's protective clauses. The idea that old used capital of circa £10 million was cleared and an injection of a new fund via equity of £5 million was in principle excellent.
You have to assume we have already spent about a million to stumble to this point, with more needed by autumn.
If Mark loses his will to hold out for a gold plated deal, it raises the chances of a bad administration next. We were very lucky PJ got the Mark option as any others were clearly toxic. I fear our luck is running out, for every Wrexham there has been endless Burys and I can't think of a second US based success
 
dollar'sbloke said:
It seems that either the EFL have objected to components of the takeover personnel or the new parties have baulked at some of Mark's protective clauses.
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Yes, I would think the latter. This could rumble on until a real low key, anticlimatic announcement is made.
 
O4anotherplayoff said:
MP said a while ago that the interested parties (at that time) were fine with the protective clauses.

If any of the three current parties now have a particularly significant issue with it, they’re probably not the right owners for us.
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If the clauses are a problem, why did they not realise this à year ago? And it’s still the same club in the same league as it was a year ago. No, I suspect it’s EFL clearance issues. But it’s strange all three bidders have withdrawn.

BTW, how did you find out, AM?
 
 
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bring back the cowshed! said:
If the clauses are a problem, why did they not realise this à year ago? And it’s still the same club in the same league as it was a year ago. No, I suspect it’s EFL clearance issues. But it’s strange all three bidders have withdrawn.

BTW, how did you find out, AM?
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It may be that JT has just got bored. No Wrexham type kudos and it will involve time,effort and money!
 
bigmart said:
MP said there are 3 interested parties so JT will be 1 of them
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Fair enough but I am cynical about Tacopina. I suspect he is messing Palios about. . He is too busy making money in Trump’s America. It would be a plaything for him.
 
drwhoman said:
Fair enough but I am cynical about Tacopina. I suspect he is messing Palios about. . He is too busy making money in Trump’s America. It would be a plaything for him.
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He is an attorney, making money whoever is president. Fact is if he doesn't takeover he will have shipped some serious costs. Why would you want to burn a probable six figure sum to mess an Anglo-Greek fella about?
The new director is the second in a few days after the one Mark said he had promoted. Odd behaviour for someone on the cusp of leaving? This new fella sounds the sort of bod who may have been the one to give the Trust the professional advice they didn't want to hear!
 
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