Directors of a business resigning from being part of the business or at least their responsibilities for that business means that someone should be taking those responsibilities on.
I mean, Rob could do it all but he’s not getting any younger.
The remaining directors of the football club are Rob Couhig plus trust directors Tony Hector, Trevor Stroud plus David Smith who I believe may also come from the trust. Rob is the sole director of Feliciana.
It would be quite unusual for someone owning more than 50% of a business not to control the board by having family members or friends outnumbering independent directors. Also frankly there is no reason to change directors unless something is under way. I would expect to see an announcement shortly or at least new directors (possibly with East European names) showing as appointed shortly.
This may not be bad news. It may be a new investor or buyer coming on board but hopefully maybe @AlanCecil or another trusted person such as @glasshalffull can add some insight?
Can’t really make much of an educated guess on anything. I would presume that Pete having a new job title in recent weeks coincides with his resignation from board. Did Missy’s role run deeper than being the face of the club shop? Was she involved in the commercial side? Not sure. Hope the club are transparent with us as soon as viable. They usually are.
Comments
Uh oh, this doesn't feel like it's going to be a good thing.
Where did that information come from? Companies Hoise?
House
Can anyone explain what this may mean for the lay-people in the room (me!). I've seen a few suggestions that this looks like a sale is imminent - why?
https://find-and-update.company-information.service.gov.uk/company/11808771/filing-history
Missy also looks to have resigned from Feliciana on the same day.
Interesting but like @Last_Quarter says, can anyone with a bit of knowledge comment on what may be happening?
agreed. Maybe glasshalffull can help
Can anyone on the Trust board comment?
Directors of a business resigning from being part of the business or at least their responsibilities for that business means that someone should be taking those responsibilities on.
I mean, Rob could do it all but he’s not getting any younger.
The remaining directors of the football club are Rob Couhig plus trust directors Tony Hector, Trevor Stroud plus David Smith who I believe may also come from the trust. Rob is the sole director of Feliciana.
It would be quite unusual for someone owning more than 50% of a business not to control the board by having family members or friends outnumbering independent directors. Also frankly there is no reason to change directors unless something is under way. I would expect to see an announcement shortly or at least new directors (possibly with East European names) showing as appointed shortly.
Well our board has definately shrunk in size! The timing of this news couldn't be worse with the game on Wednesday!
Does it say how they left? Resigned or Removed?
To be fair there would have been very few duties for say Missy apart from if necessary voting whichever way Rob told her to.
sidenote never realised that Missy is short for Michelle. Doh!
I'm sure the new (Georgian)? Investor will be stepping in. Probably with a view to a takeover.
Odd to have this in the public domain without any comment from the club beforehand.
Thanks all - hugely helpful
This may not be bad news. It may be a new investor or buyer coming on board but hopefully maybe @AlanCecil or another trusted person such as @glasshalffull can add some insight?
Its neither good or bad news. It’s worse - it’s a complete unknown which means it could be everything or nothing.
Mikheil Lomtadze has just sold 1Bn worth of shares in Kaspi, netting him 350M. This happened three weeks ago.
https://www.ft.com/content/f9422d0c-9157-49ce-99c4-df69b947dadf
£350m is definitely enough spare cash for a chairlift. I’m in.
They've resigned as directors - that doesn't mean they've gone.
That should be just about enough for us to have a 'Welcome to Wycombe' show about our romantic rise to the PL!
Even with 350M in the bank, I wonder who would be willing to play for us?
Could probably get Ronaldo on a one year deal. Cover for Kone.
We're going to have difficulty incorporating "Mikheil Lomtadze" into a catchy terrace chant.
We need Rob Couhig to let us know what is going on .
They may not be gone but this is a change and it would be nice to know the reason.
'They call him Mikheil Lomtadze, he is fantastic'
To the tune of Boombastic by Shaggy
Does anyone believe Mikheil Lomtadze would be interested in WWFC Ltd for any reason other than having loaned money to Feliciana EFL Ltd?
Can’t really make much of an educated guess on anything. I would presume that Pete having a new job title in recent weeks coincides with his resignation from board. Did Missy’s role run deeper than being the face of the club shop? Was she involved in the commercial side? Not sure. Hope the club are transparent with us as soon as viable. They usually are.
He probably wants to take a little League one club up to the Premier League and then win the Champions League. Obvious really.
No mate, they’re under no obligation to let us know anything. WWFC Ltd is a private company. It’s what happens when you sell out.
Yeah, and Jakki Degg’s currently in my bathroom slipping into something a little more comfortable.