[Rick Payne]

Interesting stuff written in CFSS news regarding the plans for a vote on a the proposed move to Dema to be held between mid-March to mid-April. The vote at the moment is open to CFSS members only. Is this fair? Shouldn't the vote also include Shareholders (we own part of the club too you know)?

This post has been edited by Rick Payne: 17 February 2006 - 01:40 PM

[johnd51]

Agreed.

[Dazspire]

Because of past experience with the CFSS I can clarify matters here.

Under the rules of CFSS and CFC (2001) Ltd shareholders can only be shareholders if they are also members of CFSS.

This is to protect the club from ever been open to the control of one person controlling a bank of shares ala DB JNL etc. In addition to the above rule applying it then also states in the rules of CFSS that individuals who own shares in their own right must vote in accordance with the rest of the Society. Bearing in mind the CFSS is the sole biggest shareholder of CFC (2001) Ltd and holds a majority of issued share capital.

If anyone has shares and is not a member of CFSS then either or both the CFSS and CFC (2001) ltd are in breach of the rules.

Potentially, interesting?

[Rick Payne]

That can't be right can it?

I've got shares, but my membership has elapsed. Does this mean I'm no longer a shareholder?

I assume therefore that all the main board directors are members of CFSS?

[johnd51]

On the CFSS application form there was a tick box to vest your shares in CFSS (or not). If what Daz says is true then this should have been compulsory. I have never been in CFSS but as a shareholder I believe I should have a (small) say in issues such as this. BH promised a special meeting where we could have a vote although the Dema move was endorsed in principle at the 2005 AGM.
In constitutional terms I believe that Daz is correct when he says that as the majority shareholder CFSS's view (presumably after their vote) would prevail. However, in practice the club Board will decide the outcome, I'm sure.
I don't think, given adequate assurances over design and cost, that there are many dissenters these days. I myself would prefer the Laver/Trebor site but that seems unlikely at this point and a new ground is essential if we are to have a viable future. We must press ahead - too much time has already been lost.

This post has been edited by johnd51: 17 February 2006 - 04:07 PM

[Bob]

Rick Payne, on Feb 17 2006, 03:38 PM, said:

That can't be right can it?

I've got shares, but my membership has elapsed. Does this mean I'm no longer a shareholder?

I assume therefore that all the main board directors are members of CFSS?

Rick,

If you want to vote you have to be a member. The full update is on the CFSS sit

Bob

[mr. smith]

thought we all owned the club.
community club & all that.

[fishini]

Rick Payne, on Feb 17 2006, 03:38 PM, said:

That can't be right can it?

I've got shares, but my membership has elapsed. Does this mean I'm no longer a shareholder?

I assume therefore that all the main board directors are members of CFSS?

This being the case then the CFSS will pay back your monies without haste and in full

[Rick Payne]

This cannot be right.

CFC2001 Ltd are CFC (as Chesterfield FC PLC was wound up in 2001)

I bought shares in CFC2001 Ltd.

I don't remember having to be a member of CFSS being a pre-requisite.

Having said that, if CFSS are CFC2001 Ltd, am I not a member of CFSS by default, being a shareholder?

Look, I'm fully behind CFSS and I'm fully behind the relocation. This is purely a question of principles, and one I believe that needs clarification before the vote is arranged.

If this is not the case, cam someone explain the benefits of being a shareholder in CFC2001 Ltd, because if I'm not allowed any influence in return for my investment, what is the point?

[Town_Fan]

Have to agree with MP-S this vote is the most pointless vote ever, its just a way for CFSS to makes it membership feel empowered when the reality is there membership is worth diddly whilever CFSS can afford to pay back the CFC Board. This vote is a waste of money that could be better made use of by putting in the players fund for example.

Are CFSS members so blind / stupid to think they really have say in what goes on at this football club?

[Ernie Ernie Ernie]

MP-Spire, on Feb 17 2006, 11:03 PM, said:

I've just had a quick look at the CFSS newsletter, and the following extract made me look twice:-

So our strategy is to organise an open day style meeting at Saltergate where CFSS members (and it will be members only) will be able to talk one on one or in small groups with the Club Board, Society Board and the Architect that will be at the beginning of ballot time. The will enable all individuals concerns or questions to be discussed hopefully any fears assuaged and enable the best possible information to be conveyed at the latest possible point to enable fully considered decisions to be made.
The method is fraught with danger, well they told me that, well they didn't tell me that. Do I detect a reluctance on the Club's behalf to put things down in writing? A simple Q&A pdf covering the main points on a website is the only way forward.

GET THE FACTS DOWN IN WRITING PLEASE.

Remember, if you can't measure it, you can't monitor it.

We certainly aren't running everything via the plain english society that's for sure

[Town_Fan]

I think it would be highly amusing if the CFSS membership called the CFSS' boards bluff and voted not to move to Dema. The political squirming would be a treasured sight.

To be fair they might aswell put out ballot papers with one tick box on them. You really have to question the general intellect of CFSS members if they are falling for this charade and not questioning why the CFSS board are wasting money.

[fishini]

Town_Fan, on Feb 18 2006, 11:02 AM, said:

I think it would be highly amusing if the CFSS membership called the CFSS' boards bluff and voted not to move to Dema. The political squirming would be a treasured sight.

To be fair they might aswell put out ballot papers with one tick box on them. You really have to question the general intellect of CFSS members if they are falling for this charade and not questioning why the CFSS board are wasting money.

CFSS wasting money? never how dare you suggest such a thing They deem it all worthwhile so they can all walk around posturing with thier chests stuck out looking all important

[Wooden Spoon]

Town_Fan, on Feb 18 2006, 11:02 AM, said:

You really have to question the general intellect of CFSS members if they are falling for this charade and not questioning why the CFSS board are wasting money.

fair point.

the ground is falling down.(yet i love it) the club has debentures coming out of its bottom, secured on the only real asset the club has. the current cfc board dont want to "own" the club,they clearly see it as a very poor investment. and dont appear to have £3 million to flush down the toilet.

the choices are to

(A) sell the club(and only a thief wanted it when we had +£400,000 not -£1.600,000 or what ever it is).

( trade our way out of debt. we have to move to become viable from a financial view point,
the only way to do this is to have the "extra revenue". thus the club either sells the ground and shares with a local rival, or moves.

so yes, the vote is pointless, and a waste of time/money/effort.

[h again]

What a joke. Damned if they do and damned if they don't. Can you just imagine the outcry on here, with fishi and TF leading the charge, if CFSS DIDN'T ballot their members. Cries of "they're ignoring the fans" and " it's all been fixed by the CFC Board". When you moan for a living, any scenario will do.

[Town_Fan]

h again, on Mar 10 2006, 10:37 PM, said:

What a joke. Damned if they do and damned if they don't. Can you just imagine the outcry on here, with fishi and TF leading the charge, if CFSS DIDN'T ballot their members. Cries of "they're ignoring the fans" and " it's all been fixed by the CFC Board". When you moan for a living, any scenario will do.

Its not about having a moan its about pointing out how impotent CFSS is as a political entity in regard of running the football club. There has already been a vote for a move and the board have already gone on record saying they will leave the club if they arent allowed to move grounds, so why are CFSS having another vote? It looks to me like CFSS is trying to mislead their members that what CFSS says is what will happen. CFSS members are mugs if they are falling for it.

[fishini]

Town_Fan, on Mar 11 2006, 05:09 PM, said:

Its not about having a moan its about pointing out how impotent CFSS is as a political entity in regard of running the football club. There has already been a vote for a move and the board have already gone on record saying they will leave the club if they arent allowed to move grounds, so why are CFSS having another vote? It looks to me like CFSS is trying to mislead their members that what CFSS says is what will happen. CFSS members are mugs if they are falling for it.

All academic really way things are going on the ground front, it did not take this long to build the great wall of China, and we ain't even got any land, design, planning permission or money so what is the point of a vote?

[h again]

Town_Fan, on Mar 11 2006, 05:09 PM, said:

Its not about having a moan its about pointing out how impotent CFSS is as a political entity in regard of running the football club. There has already been a vote for a move and the board have already gone on record saying they will leave the club if they arent allowed to move grounds, so why are CFSS having another vote? It looks to me like CFSS is trying to mislead their members that what CFSS says is what will happen. CFSS members are mugs if they are falling for it.

Possibly because the original vote was between Wheeldon Mill and Saltergate and CFSS has undertaken to ballot its members on any new location. If you're so concerned for the well-being of CFSS and its members, why don't you join? Why should you care if a load of 'mugs' fall for it? The answer, of course, is that you've just got a chip on your shoulder and any excuse to get in and have a stir will do. Any money that CFSS spends on another vote is no business of yours whatsoever - unless you get on the CFSS board and challenge the system. Your trouble is, you lack ambition.