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Showing content with the highest reputation on 04/16/2025 in all areas

  1. It's not just allowing the members to have their say, it is having an opportunity for the Trust Board to explain to members what they plan to do in relation to their shares and their voting rights and for members to ask questions relating to that. Since Gardiner has gone and is no longer able to obstruct the Trust in all it tried to do, the Trust has been doing a brilliant job in supporting the club. I hope that they have been having discussions with AS about how they can be involved in the decision making process going forward. Now that AS has been confirmed as preferred bidder, it might now be appropriate for the Trust say a little bit more than they would have been able to say earlier and an EGM would be a good place to do it. Like Don, I am not a fan of what is being done or how it is being done, but I don't see any viable alternative. I do believe that Alan Savage has the good of the club at heart, but there remains a little niggle that with total control, he could sell out to the likes of Ketan Makwana who, according to the Courier has now appointed a certain Scot Gardiner as one of his specialist Advisors!
    3 points
  2. I've seen enough twists and turns in agreements, etc. involving ICTFC over the years to know that anything can happen, and it's best to ensure that everything is watertight and not make assumptions. FWiW, I don't think there will be any insurmountable issue in either the CVA or getting sufficient shares... Assuming Ross Morrison is considered an unsecured creditor, his vote will carry the CVA as the total of all others can't block it. If it's not, then (very sadly) trade creditors will fear backlash from football fans who are not exactly renowned for seeing the picture beyond what's "good" for their club!!! The share thing is fairly straightforward as well. Even if the Supporters Trust don't agree to hand over their shares, then AS only needs 85% of all other shares, and this is achievable. The top 40ish shareholders hold about 90% of the shares! This would carry the 75% required in a vote to remove the voting right from the articles. It's then only a short hop to the 90% needed to kick start the squeeze out and enforce handing over the remainder of shares....if he so desired. In reality, once at 85%, the Supporters Trust's voting rights become meaningless, and it may be good PR not to go after it. I still believe the Supporters Trust need to hold an EGM to allow members their say. I don't expect members would prevent handing over the shares and voting rights if needed, but doing things the wrong way for the right reasons is not acceptable because it erodes the same checks and measures that may be required to prevent people from doing the wrong thing for the wrong reasons in future. There may be some alternative routes needed for handing over the football trust shares, but again, there are legitimate ways around that. I'm not a fan of what is being done, or how it is being done, but I see no point in people being deliberately awkward. I don't see enough people with enough shares, and minded to try and prevent it, on the shareholders' list. What's more, any additional time lost or money spent on administrators, solicitors, etc., is only going to hurt the club further going forward. I've attached a shareholders list, with percentages, for anyone interested in poking through it. This is based on the most recently publicly available list of shareholders, so don't come at me with any GDPR nonsense, please! ICTFC Shareholder Anlaysis.pdf
    1 point
  3. @Gringo vacates the building and almost everyone gets a correct prediction. Were you the Duncan Ferguson of the NAPs this season? Week 29 Mrs Gringo: 300.90 Jodie Carnie: 276.30 Robert: 256.20 CDN Girl: 235.70 TheCaleyOne: 234.50 Scotty: 234.30 SOS: 222.00 MrCaleyjag: 207.80 Caley Canary: 194.30 Caleyjag: 181.200 The Mantis: 143.80 Noho: 131.50 Gringo: 5.00 - Bankrupt 3/13 correct 10/12 correct
    1 point
  4. Got the email yesterday, form is in the post I assume. Disappointing, but necessary unfortunately. I kinda like the idea that CaleyD had though. Perhaps in future, currently existing shareholders who give up their shares can be given some form of non-voting or commemorative share to signify the 30 years of shareholding. Most of us have them as a sense of belonging or connection to the club rather than for any influence over decisions. The reality is that very few decisions - if any until now - have ever hinged on the voting power of individual small shareholders. A few large shareholders and the board have dictated pretty much every decision overt the last 30 years, both good and bad ...
    1 point
  5. Report in the P&J said he definitely would not be signing for ICT - off to the Lilywhites and I wish him all the best…
    1 point
  6. Just hope the accidental slip and pulled hamstring Musa had on Saturday doesn’t end up his last appearance for us. The guy has been immense for us and probably the one player than has had the most impact in where we are in the league. My player of the season by a Gambian mile. Alfie B draws attention for putting the ball in the net, but unfortunately injury again cut short his stint, (and boy, haven’t we missed him)! bc
    1 point
  7. We've only ever sold out the current stadium once, and even in 2014/15 season our average was below 5000, so I'm not sure that maintaining the current capacity should be a priority. Feels a bit like buying a 6-bedroom house for your family of 3 because your Aunt and her family come to stay once every couple of years.
    1 point
  8. My concerns about a new stadium would be the size. If it makes good financial sense to move to the UHI site, then we need a stadium which will accommodate the likely crowds should we find ourselves in the top flight at some stage. There is no reason why we shouldn't, and If league reconstruction increases the number in the top flight, it would be an even more likely scenario. Even in the 2nd tier, we can expect bigger crowds for cup games from time to time. I hope that when AS talks about a smaller ground, he is referring to the footprint of the stadium. A stadium with the same capacity, but with a steeper rake and without all the wasted space between the pitch and the front row of seats would both take up a smaller footprint and provide for a better view and a much better atmosphere. Having a much more fan friendly and atmospheric stadium could be a significant factor in attracting more people to come to games and then to persuade them to come more regularly. The Supporters Trust's Matchday Survey highlighted several factors about our current ground which were felt to be poor. Fans responding to the survey came up with a wide range of ideas to make the matchday experience better. So, whether we stay or move, I would urge the future management team to have a good look at the survey and build in some of the ideas to future plans. Alan, Charlie, in case you haven't seen the survey, you can find the fans' views here.
    1 point
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