https://find-and-update.company-information.service.gov.uk/company/SC149117/filing-history

48 pages showing individuals/corporate bodies that were shareholders during the review period or that had ceased to be shareholders since the date of the previous confirmation statement.

The last entry on the listing also confirms that all the shares are now held by Alan Savage’s F.C. Inverness Ltd.

17 hours ago, Yngwie said:

The last entry on the listing also confirms that all the shares are now held by Alan Savage’s F.C. Inverness Ltd.

Also interesting that Alan Savage has set up two new companies in August last year called "NC500 Official Start Ltd" and "NC500 OS Ltd" which both are listed as providing "Takeaway food shops/mobile food stands" and "tour operator activities". They are both owned and run jointly wih Dawn Savage (I assume his good lady) although haven't necessarily operated yet.

20 hours ago, CELTIC1CALEY3 said:

https://find-and-update.company-information.service.gov.uk/company/SC149117/filing-history

48 pages showing individuals/corporate bodies that were shareholders during the review period or that had ceased to be shareholders since the date of the previous confirmation statement.

I don't know if im being daft - but looks like the Supporters' Trust surrendered all our shares - which now Alan Savage wholly owns. We are supposed to have a 10% minimum stake in the Club.

This would like effectively make George Moodie 'voting fodder' in the Boardroom. With no shares that makes us supporters have no legal instrument of veto on the Club Board.

Alan Savage seems like a decent guy - especially because he rescued us... but there may be occasions where he and George may fall out or meet a stalemate on a decision for ICT. Therefore would be great if George had some clout behind him to vote in our favour or make demands on supporters' behalf.

Any Scots law legal eagles here to put some clarity on this latest statement?

Edited March 5Mar 5 by London Caley Jag
to add words for clarity

41 minutes ago, The Hammer said:

Also interesting that Alan Savage has set up two new companies in August last year called "NC500 Official Start Ltd" and "NC500 OS Ltd" which both are listed as providing "Takeaway food shops/mobile food stands" and "tour operator activities". They are both owned and run jointly wih Dawn Savage (I assume his good lady) although haven't necessarily operated yet.

The Club will have to have ownership/leasehold of either (or both) of the car parks to make best use of space for Mrs Savage's burger vans on match-days then! Better set to it. lol

For my sake hope one of the vans will sell nice home baked gluten free pies.

23 minutes ago, London Caley Jag said:

I don't know if im being daft - but looks like the Supporters' Trust surrendered all our shares - which now Alan Savage wholly owns. We are supposed to have a 10% minimum stake in the Club.

This would like effectively make George Moodie 'voting fodder' in the Boardroom. With no shares that makes us supporters have no legal instrument of veto on the Club Board.

Alan Savage seems like a decent guy - especially because he rescued us... but there may be occasions where he and George may fall out or meet a stalemate on a decision for ICT. Therefore would be great if George had some clout behind him to vote in our favour or make demands on supporters' behalf.

Any Scots law legal eagles here to put some clarity on this latest statement?

You are correct. 100% of the shares, including the 10% voting right assigned to the Supporters Trust shares, which started life under the members' club when the club was formed are gone. FC Inverness Ltd are confirmed to own all 6102370 ordinary shares in INVERNESS THISTLE AND CALEDONIAN F.C. LIMITED.

In practical terms, it means AS can do whatever he likes, and the board membership is at his whim. If he and someone else disagree then he will (or can) always win. Personally, I would say it is not really a board in the traditional sense, but rather a set of advisors who can hopefully keep him grounded to the opinions and feelings of fans, sponsors and the local business community for the good of the club and his own reputation. The alternative is that we may not have existed or may have had Ketan Makwana and our former CEO at the helm.

It was a condition of AS's involvement that he had 100% of the shares so that he could make decisions unencumbered. He may want to develop things, he may want to make shares available to some large donors, he may want to sell the club to a worthy owner in future. He could not do that with the fractured nature of our shares. Its a risk, but it was a better risk than the other alternatives and ultimately, he was at pains to point out that he wanted to give back to the city that has been good to him, so screwing up the football club or asset striping like some people may have done is not in his best interests. We - as shareholders - had to choose between keeping the club going under AS or retaining our shares and taking our chances. We chose AS.

On the plus side since admin, I think he has shown that he has the club interests at heart. He put money in the kitty all through administration to avoid us being quite as much of a ****show as Hamilton. He appointed Mr ICT (Charlie) as CEO. He retained Kells as manager who has done pretty well so far (I know some will grumble but that's always the way - can't please everyone). Everything he has done to this point has been set out for the club to have local hands on the tiller at every level. Adding side businesses that the club may benefit from, and which may also benefit himself or his partner, or draw in potential future sponsors (like the 'owner' of the NC500 perhaps) are logical and if he makes a few quid out of it himself then he deserves it. A few years ago, the council plan had the stadium as a hub for recreational development in that area of the longman, perhaps that may begin to develop now and in the future and if it does then more opportunities may exist to develop the club revenues beyond the fortnightly home game 18 times a year.

48 minutes ago, Scotty said:

You are correct. 100% of the shares, including the 10% voting right assigned to the Supporters Trust shares, which started life under the members' club when the club was formed are gone. FC Inverness Ltd are confirmed to own all 6102370 ordinary shares in INVERNESS THISTLE AND CALEDONIAN F.C. LIMITED.

In practical terms, it means AS can do whatever he likes, and the board membership is at his whim. If he and someone else disagree then he will (or can) always win. Personally, I would say it is not really a board in the traditional sense, but rather a set of advisors who can hopefully keep him grounded to the opinions and feelings of fans, sponsors and the local business community for the good of the club and his own reputation. The alternative is that we may not have existed or may have had Ketan Makwana and our former CEO at the helm.

It was a condition of AS's involvement that he had 100% of the shares so that he could make decisions unencumbered. He may want to develop things, he may want to make shares available to some large donors, he may want to sell the club to a worthy owner in future. He could not do that with the fractured nature of our shares. Its a risk, but it was a better risk than the other alternatives and ultimately, he was at pains to point out that he wanted to give back to the city that has been good to him, so screwing up the football club or asset striping like some people may have done is not in his best interests. We - as shareholders - had to choose between keeping the club going under AS or retaining our shares and taking our chances. We chose AS.

On the plus side since admin, I think he has shown that he has the club interests at heart. He put money in the kitty all through administration to avoid us being quite as much of a ****show as Hamilton. He appointed Mr ICT (Charlie) as CEO. He retained Kells as manager who has done pretty well so far (I know some will grumble but that's always the way - can't please everyone). Everything he has done to this point has been set out for the club to have local hands on the tiller at every level. Adding side businesses that the club may benefit from, and which may also benefit himself or his partner, or draw in potential future sponsors (like the 'owner' of the NC500 perhaps) are logical and if he makes a few quid out of it himself then he deserves it. A few years ago, the council plan had the stadium as a hub for recreational development in that area of the longman, perhaps that may begin to develop now and in the future and if it does then more opportunities may exist to develop the club revenues beyond the fortnightly home game 18 times a year.

What a great response. Thank you. I am recent Caly Jag convert - but do come from a couple of dacades of community campaigning which has included being a volunteer advisor to a large local authority - on the governance side.

I have an intuitive sense the Alan has the Club's legacy and continuity at heart. And yeh, why not make a bit on the side in return for your efforts.

I can also see that Kellacher has total delegated autonomy to design and shape the squad - which shows that Alan seems to be very football centric in his business modelling. Rather than just using a football club as a leverage/kudos to dodgy/birdbrained initiatives.

As an aside - I bumped into the owners of Sarens PSG on the plane last time I flew up to Inverness. I was squeezing passed them as I was boarding and they said "I like your scarf. Good to see a Caley Thistle supporter on here!" This sparked a wee chat. I thanked them for their support.

So, jokingly requested that they plow more money in to enhance the match-day experience. Their response was "Yep, we have had these suggestions already and we are seeing what we can do and what more money we can spare." So, Alan seems to be briefing what he would like from sponsors.

Even, if Sarens PSG aren't able to cough up more - it seems to point towards Alan's stakeholder engagement strategy being very much bringing sponsors into a sense of community. Rather than just a cheap and cold marketing opportunity. He seems to be about team building and unapologetic in this.

I already have a sense of the recent existential crisis that faced Caley Jags - a return to stark raving bonkers - to an Accies style management using the 'brand' and its trappings as a personal play thing - or us all moving to Merkinch to follow football in Inverness.

So, fair play - if Alan is the guy I sense him to be - then I look forward to seeing, feeling and smelling developments when my pocket allows me to fly/train it up to Inverness.

Hope these observations made sense?!

Edited March 5Mar 5 by London Caley Jag
to add words for clarity

2 hours ago, London Caley Jag said:

I don't know if im being daft - but looks like the Supporters' Trust surrendered all our shares - which now Alan Savage wholly owns. We are supposed to have a 10% minimum stake in the Club.

This would like effectively make George Moodie 'voting fodder' in the Boardroom. With no shares that makes us supporters have no legal instrument of veto on the Club Board.

Alan Savage seems like a decent guy - especially because he rescued us... but there may be occasions where he and George may fall out or meet a stalemate on a decision for ICT. Therefore would be great if George had some clout behind him to vote in our favour or make demands on supporters' behalf.

Any Scots law legal eagles here to put some clarity on this latest statement?

I know you are a recent addition to the club’s support so did not live through the traumatic period which finally came to an end when Alan Savage bought the club.

To give a brief insight to how events unfolded, the Supporters Trust had never had the opportunity to use the 10% voting right during all the time it held it.

When Alan Savage submitted the terms of his offer for the club there were a number of conditions, one of which was that all shares must be ceded by the existing shareholders.

The Supporters Trust held a Members’ Meeting in April to discuss this, followed by a Special General Meeting on 8 May. There was no dissent at either meeting, with the motion to cede the shares being agreed unanimously at the Special General Meeting.

If Alan’s conditions had not been fully met, and as part of this had the Trust membership not agreed to cede the shareholding, then the club would most likely have been liquidated.

Alan Savage subsequently invited the Trust to take a seat on the club Board. For the first time, this has given fans a seat and voice at the table and input to and the ability to influence the key decisions been taking.

And I’m sure that everyone who has met George Moodie will agree that he is nobody’s fodder!

3 hours ago, Robert said:

I know you are a recent addition to the club’s support so did not live through the traumatic period which finally came to an end when Alan Savage bought the club.

To give a brief insight to how events unfolded, the Supporters Trust had never had the opportunity to use the 10% voting right during all the time it held it.

When Alan Savage submitted the terms of his offer for the club there were a number of conditions, one of which was that all shares must be ceded by the existing shareholders.

The Supporters Trust held a Members’ Meeting in April to discuss this, followed by a Special General Meeting on 8 May. There was no dissent at either meeting, with the motion to cede the shares being agreed unanimously at the Special General Meeting.

If Alan’s conditions had not been fully met, and as part of this had the Trust membership not agreed to cede the shareholding, then the club would most likely have been liquidated.

Alan Savage subsequently invited the Trust to take a seat on the club Board. For the first time, this has given fans a seat and voice at the table and input to and the ability to influence the key decisions been taking.

And I’m sure that everyone who has met George Moodie will agree that he is nobody’s fodder!

Thank you for this. Gives me 100% some deeper insight.

Aye, did meet George for a few minutes a couple of week's back and yeah my impression was he was a kind and decent guy but no pushover.

https://find-and-update.company-information.service.gov.uk/company/SC149117/filing-history

Clearing the decks....