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steveqpr881
Posts: 1630
Joined: Wed Dec 01, 2021 9:58 am
Location: Running down the Uxbridge Road

Tony Fernandes steps down

Post by steveqpr881 »

Shock news.
Still, can't say I blame him.
Who's going to want to take over??
steveqpr881
Posts: 1630
Joined: Wed Dec 01, 2021 9:58 am
Location: Running down the Uxbridge Road

Re: Tony Fernandes steps down

Post by steveqpr881 »

Club report says he's sold his shares -
but doesn't seem to say who's bought them.
Steve Russell
Site Admin
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Joined: Tue Nov 30, 2021 10:25 am

Re: Tony Fernandes steps down

Post by Steve Russell »

What will happen to his shares?

Lakshmi Mittal had the opportunity some years ago to have a majority
shareholding in our Club but declined.

Richard Reilly joined the Board last year & I think he was at the official
opening of the training ground last week.

Lets hope there will be an update from the Club very soon...
Kerrins
Posts: 489
Joined: Wed Dec 01, 2021 12:02 pm

Re: Tony Fernandes steps down

Post by Kerrins »

Yes what happens to his shares? I reckon he will sell or has sold nearly all his stake.

His Airline business has been in financial trouble for years and he probably now realizes that
there is virtually nil or impossible chance to push for promotion to the Premier League this season....
and maybe a few more seasons into the future. Hence his decision to exit.

Whatever you may think of his entire tenure at the helm. He tried his best but the endgame did
not work out as he envisaged.
steveqpr881
Posts: 1630
Joined: Wed Dec 01, 2021 9:58 am
Location: Running down the Uxbridge Road

Re: Tony Fernandes steps down

Post by steveqpr881 »

Kerrins wrote: Tue Jul 11, 2023 3:02 pm Yes what happens to his shares?
Here's an idea; why not put them on sale publicly?
Give some fans the chance to buy in, maybe have a bit more of a say in the way the Club's run.
Just a thought.

Kerrins
Posts: 489
Joined: Wed Dec 01, 2021 12:02 pm

Re: Tony Fernandes steps down

Post by Kerrins »

Good thought that Steveqpr881
Steve Russell
Site Admin
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Re: Tony Fernandes steps down

Post by Steve Russell »

I still have mine.....
steveqpr881
Posts: 1630
Joined: Wed Dec 01, 2021 9:58 am
Location: Running down the Uxbridge Road

Re: Tony Fernandes steps down

Post by steveqpr881 »

Steve Russell wrote: Wed Jul 12, 2023 8:53 am I still have mine.....
So, next time someone says "the board must go" would that include you?? ;)
Steve Russell
Site Admin
Posts: 2211
Joined: Tue Nov 30, 2021 10:25 am

Re: Tony Fernandes steps down

Post by Steve Russell »

Not much chance of getting on the Board Steve with my 000000000000000.1% :D
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