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Tony Fernandes steps down

Posted: Mon Jul 10, 2023 9:19 am
by steveqpr881
Shock news.
Still, can't say I blame him.
Who's going to want to take over??

Re: Tony Fernandes steps down

Posted: Mon Jul 10, 2023 9:20 am
by Steve Russell

Re: Tony Fernandes steps down

Posted: Mon Jul 10, 2023 10:38 am
by steveqpr881
Club report says he's sold his shares -
but doesn't seem to say who's bought them.

Re: Tony Fernandes steps down

Posted: Mon Jul 10, 2023 3:04 pm
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...

Re: Tony Fernandes steps down

Posted: Tue Jul 11, 2023 3:02 pm
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.

Re: Tony Fernandes steps down

Posted: Wed Jul 12, 2023 7:58 am
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.


Re: Tony Fernandes steps down

Posted: Wed Jul 12, 2023 8:37 am
by Kerrins
Good thought that Steveqpr881

Re: Tony Fernandes steps down

Posted: Wed Jul 12, 2023 8:53 am
by Steve Russell
I still have mine.....

Re: Tony Fernandes steps down

Posted: Thu Jul 13, 2023 9:50 am
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?? ;)

Re: Tony Fernandes steps down

Posted: Thu Jul 13, 2023 9:54 am
by Steve Russell
Not much chance of getting on the Board Steve with my 000000000000000.1% :D