Dulwich Hamlet: A new Executive Committee and issue of new shares

Discussion in 'Dulwich Hamlet FC' started by BrandNewGuy, May 10, 2018.

  1. BrandNewGuy

    BrandNewGuy Well-Known Member

    Amid all the promotion excitement, I'm not sure anyone's picked up on a few interesting points made by Liam in his programme notes for the Leiston game last Thursday. After explaining who the Football Committee are and what their remit is, he wrote:

    • The Football Committee will continue to fulfil their administrative function
    going forward.
    • From the start of next season, the club will be run on a day to day basis by a new Executive Committee made up of the club's stakeholders from within the club and from local business and the council.
    • We aim to shortly be able to attract new investment to the club through an issue of new shares. This will make sure the club is on a sound financial footing.

    That looks to me like a significant change in bringing in others (particularly the council) and looking to bring in more investment. How that will affect Nick McCormack's shareholding is not clear, but maybe Liam might be in a position to give some more detail.

    It also looks promising in that clearly a lot of work has gone on behind the scenes to see what's possible to give the club a firmer financial footing going forward.
     
  2. Jimbob73

    Jimbob73 The Wanley Road Massive

    Do Meadow (spit) not have some holding over McCormacks shares still?
     
  3. YTC

    YTC Human Man

    No longer...

    We'll be revealing more in the coming weeks, small matter of playing staff and tying up of financials for this season to deal with first, but rest assured, we have been doing A LOT of work behind the scenes.

    It should be a very interesting summer. :thumbs:
     
  4. BrandNewGuy

    BrandNewGuy Well-Known Member

    This sounds really positive...
     
    crocustim, Pink Panther and YTC like this.
  5. Jimbob73

    Jimbob73 The Wanley Road Massive

    Fantastic news
     
    crocustim likes this.
  6. sleaterkinney

    sleaterkinney Well-Known Member

    Great news.
     
  7. blueheaven

    blueheaven Well-Known Member

    That is bloody fantastic news.

    Will be interesting to hear more about how the council link is going to work.

    Share issue is exciting too and I'm sure a lot of us would be keen to get involved in that.
     
    Pink Panther likes this.
  8. Radical-Cliff

    Radical-Cliff Old Spice

    Cracking news...
     
  9. Jimbob73

    Jimbob73 The Wanley Road Massive

    "We look forward to Members’ input in addition to the general nature of business which is proposed to be conducted at the AGM, as follows : 1. Appointment of Gavin Rose to the Board of Directors. 2. Approval of the Board’s Resolution to increase the Share Capital of the Company 3. Approval of the Board’s proposed Scheme to re-Capitalise the Company 4. Line-by-line saving of Provisions within the Company’s existing Articles of Association, as amended 5. Adoption of certain parts of the most recent implementation of Table ‘A’ 6. Any Other Business, as proposed by Members"

    Very interesting.
     
  10. BrandNewGuy

    BrandNewGuy Well-Known Member

    Where's that from, Jimbob73?
     
  11. Roger D

    Roger D Well-Known Member

    It is extracted from a letter going to all shareholders. The letter acts as formal notification of the AGM.
     
  12. Jimbob73

    Jimbob73 The Wanley Road Massive

    letter is on the official club website as a pdf download
     
  13. Scolly

    Scolly Well-Known Member

    Indeed
     

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