AGM for 2017

All things related to the Castleford Tigers.
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Robbo
Dean Widders
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Joined: Mon Sep 20, 2010 11:56 am

Re: AGM for 2017

Post by Robbo » Mon Nov 26, 2018 7:58 pm

Well it’s early days but I do not like what is proposed at the forthcoming meeting.
The highlights are.
Approx 419000 shares to issued to Ian and Janet.
A change in the articles of the club.

This rather over shadows the excellent financial year we had in2017.

There are no explanations as to why these shares are being issued at 10p 41900 pounds
There is no explanation as to why the articles are being changed other than to allow this to happen.

I am reserving judgement but this has a nasty smell about it.

As it was before there was 80,000 shares and approx 32000 issued

The remaining 48000 were given to Ian and Janet as security for the loan.
The loan was not cancelled.
Now we are suggesting 500,000 shares of which about 474,00 will be with the Fulton’s.
That’s 94% of the issued shares

Let’s hope it’s not what I think.
Can anyone wanting a meaningful discussion with me contact me directly rather than on the board please.
Robbo
Truth is always best !

Johnlewis1920
Kirk Dixon
Posts: 73
Joined: Thu Nov 24, 2016 10:15 am

Re: AGM for 2017

Post by Johnlewis1920 » Tue Nov 27, 2018 11:55 am

The Fulton family at present have total controle of the club now in voting rights
The only reason to alter the share issue and only the Fulton’s can aquire more shares is to raise there percentage of there ownership of the club which opens up a number of caveats all of which are in the Fulton’s favour and not the clubs or the rest of the shareholders best interest
The new generation Fulton family appear not to have the same affiliation to Castleford Tigers as there parents as they have already threatened to call in the loan if they did not get there way that would have basically closed the club in my opinion they have tarnished the good name Fulton
COYF

derbystiger
Danny Orr
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Re: AGM for 2017

Post by derbystiger » Tue Nov 27, 2018 1:31 pm

Johnlewis1920 wrote: The new generation Fulton family appear not to have the same affiliation to Castleford Tigers as there parents
And there seems to be the biggest potential issue in my opinion

tigerfeat
Dale Fritz
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Re: AGM for 2017

Post by tigerfeat » Tue Nov 27, 2018 3:48 pm

There's nothing wrong with someone having nearly all the shares as long as they have the best interest of the club at heart even if it's just so they can make more money with the club being successful
Really don't like the threating to call the loan if they didn't get what they want not good if that's true looking ahead to what might happen somewhere down the line
I remember when the new owner took over from his dad he said something along the lines of ..if anybody thinks I would ever do anything to the detriment of the club knowing how much the club meant to my parents they are very mistaken let's hope that always remains the case
The measure of who we are is what we do with what we have
Vince Lombardi

Lofthouse Tiger
Danny Orr
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Re: AGM for 2017

Post by Lofthouse Tiger » Tue Nov 27, 2018 6:01 pm

Obviously not a man if his word then. To threaten the club with closure, pretty much, if he didn’t have his own way is ludicrous.

Lofthouse Tiger
Danny Orr
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Re: AGM for 2017

Post by Lofthouse Tiger » Fri Nov 30, 2018 3:33 pm

So yet again shares are to be “given to the remaining Fulton’s and the loan will stand? So again who has suggested this is done? Who will get a vote on this? We’re the shareholders consulted? Appears not. Is there any way this can be voted on and not carried?

Will all these “Additional free shares” benefit the club in any way at all? Will the future of the club be safe with one or more shareholders being given what they want when they feel like it? If someone wants the control of the club why isn’t he/she “Buying the remaining shares from other shareholders? They aren’t worth the paper they are written on. Ok so what is the point of the other shareholders in a situation like this one?

Something does not appear to be right here.

Oldcasman
Dean Widders
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Re: AGM for 2017

Post by Oldcasman » Fri Nov 30, 2018 4:28 pm

Just curious if the new stadium is built at no cost to the club will the Fulton’s own it ?

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yorky
Luke Gale
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Re: AGM for 2017

Post by yorky » Fri Nov 30, 2018 5:32 pm

Oldcasman wrote:Just curious if the new stadium is built at no cost to the club will the Fulton’s own it ?
something i have brought up several times, i hope that if the new ground ever gets built, then who ever owns the old ground will get their share equivalent in money from the money generated by the sale. the new ground should be owned by castleford rugby league club & not individuals :roll:

Lofthouse Tiger
Danny Orr
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Re: AGM for 2017

Post by Lofthouse Tiger » Fri Nov 30, 2018 5:46 pm

Based on what we are hearing, presuming it is correct, then would anyone be surprised if it ended up in the hands of any individual or two maybe?

Some people seem to have a habit of picking things up for free these days.

tigerfeat
Dale Fritz
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Re: AGM for 2017

Post by tigerfeat » Fri Nov 30, 2018 5:57 pm

I'd be more concerned what would happen if the new ground dosnt get built which must be odds against at this moment in time
The measure of who we are is what we do with what we have
Vince Lombardi

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Robbo
Dean Widders
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Re: AGM for 2017

Post by Robbo » Sat Dec 01, 2018 5:48 pm

Any assets are owned by the shareholders.

If the latest proposal goes through it will look like this

before the last issue we had ( approx. figures)
32000 issued shares

Biggest holders were
Fultons 6500 20%
R Wright 6000 18%
others 20,000 62%

We now have 80,000 shares
Fulton family 54000 68%
Richard Wright 6000 7%
Others 20,000 25%

Proposed if we are reading it correctly

Fulton family 474,000 94.85%
Richard wright 6000 1.15%
others 20,000 4%

And if anything happens to Ian or Janet Fulton the DEBT is payable immediately.

Watch this space as this may upset even the biggest Fulton fans who remember Loaned never gave this money to Cas and currently taking interest as well as having control.
The question as to what happens once the loans are paid off is still to be clarified.
robbo
Truth is always best !

casjunction
Danny Orr
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Re: AGM for 2017

Post by casjunction » Sun Dec 02, 2018 12:57 pm

My interest in Cas lies with what happens on the pitch.
These last few seasons have been the most exciting.
Shame Jack is not here to witness it.
I am not privy to what happens in the boardroom.
So have no special insight.
I do find it disappointing that a board member see his only avenue of communication is on a fans forum.
It either reflects badly on the boards conduct or the director.
Where ever the fault lies the answers will not be found on this forum.
I have taken issue in the past on Robbos negativity.
I accept if his version of events are correct it is not conducive to good relationships and seems at odds with what we are told is the club's philosophy.
If the usual approaches are failing an alternative strategy
needs to be taken.
That aside Season's Greetings to all yes even you Robbo as a supporter and investor without you there would be no club.
Let's enjoy the ride whilst we can.

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Robbo
Dean Widders
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Joined: Mon Sep 20, 2010 11:56 am

Re: AGM for 2017

Post by Robbo » Sun Dec 02, 2018 2:20 pm

Robbo wrote:Any assets are owned by the shareholders.

If the latest proposal goes through it will look like this

before the last issue we had ( approx. figures)
32000 issued shares

Biggest holders were
Fultons 6500 20%
R Wright 6000 18%
others 20,000 62%

We now have 80,000 shares
Fulton family 54000 68% 60000 74.25%
Richard Wright 6000 7% 600 .75%
Others 20,000 25%

Proposed if we are reading it correctly

Fulton family 474,000 94.85% 480,000 95.5%
Richard wright 6000 1.15% 600 .50%
others 20,000 4%

And if anything happens to Ian or Janet Fulton the DEBT is payable immediately.

Watch this space as this may upset even the biggest Fulton fans who remember Loaned never gave this money to Cas and currently taking interest as well as having control.
The question as to what happens once the loans are paid off is still to be clarified.
robbo

PLEASE SEE ABOVE.UPDATED
Truth is always best !

User avatar
Robbo
Dean Widders
Posts: 456
Joined: Mon Sep 20, 2010 11:56 am

Re: AGM for 2017

Post by Robbo » Sun Dec 02, 2018 2:20 pm

casjunction wrote:My interest in Cas lies with what happens on the pitch.
These last few seasons have been the most exciting.
Shame Jack is not here to witness it.
I am not privy to what happens in the boardroom.
So have no special insight.
I do find it disappointing that a board member see his only avenue of communication is on a fans forum.
It either reflects badly on the boards conduct or the director.
Where ever the fault lies the answers will not be found on this forum.
I have taken issue in the past on Robbos negativity.
I accept if his version of events are correct it is not conducive to good relationships and seems at odds with what we are told is the club's philosophy.
If the usual approaches are failing an alternative strategy
needs to be taken.
That aside Season's Greetings to all yes even you Robbo as a supporter and investor without you there would be no club.
Let's enjoy the ride whilst we can.
Truth is always best !

Lofthouse Tiger
Danny Orr
Posts: 1209
Joined: Sun Aug 13, 2017 4:04 pm

Re: AGM for 2017

Post by Lofthouse Tiger » Sun Dec 02, 2018 2:46 pm

[quote="casjunction"]My interest in Cas lies with what happens on the pitch.
These last few seasons have been the most exciting.
Shame Jack is not here to witness it.
I am not privy to what happens in the boardroom.
So have no special insight.
I do find it disappointing that a board member see his only avenue of communication is on a fans forum.
It either reflects badly on the boards conduct or the director.
Where ever the fault lies the answers will not be found on this forum.
I have taken issue in the past on Robbos negativity.
I accept if his version of events are correct it is not conducive to good relationships and seems at odds with what we are told is the club's philosophy.
If the usual approaches are failing an alternative strategy
needs to be taken.
That aside Season's Greetings to all yes even you Robbo as a supporter and investor withoutyou there would be no club.
Let's enjoy the ride whilst we can.[/quote

That’s a great approach, leave it to the people in charge to do as they please. We have already heard how the current chairman held a gun to the clubs head to get his own way. Had the people involved, however many that is, not agreed then the debt owed would be called in. Then there would be no club. Then what?

We may not be on the BOD or shareholders but if we the fans disappear because of one persons greed and selfishness then where would that person be then?

If the team have a poor season or two then the gates will drop, this happens everywhere. If we arent challenging for trophies then attendances will drop. Where will the money these fans spend come from then?

We already saw a drop in gates and we won the LLS playing the best rugby most of us have ever seen. So why would it be any different if we are knocked out of the CC first round we enter and don’t finish in top 5?

We have seen a quote that says the current chair would not do anything detrimental to the club after all the previous chair did. Is that not what is happening just now?

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