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Club Owner | 33944 | No Team Selected |
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Mar 2004 | 21 years | |
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| Quote SmokeyTA="SmokeyTA"Chris Caisley is still the largest shareholder isnt he?'"
No idea, thats why I asked, if that is the case, then it is more understandable why they would take this action, maybe if that had been made clearer from the start, fewer people would have questioned it
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Club Owner | 8224 | No Team Selected |
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Dec 2003 | 21 years | |
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| Quote SmokeyTA="SmokeyTA"Chris Caisley is still the largest shareholder isnt he?'"
Yes he is. And I think you've hit the nail on the head there.
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Moderator | 32133 | No Team Selected |
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| Yep Caisley is the majority shareholder by some distance.
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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| He is the largest at 26%. Not the majority.
The board collectively hold about 7%.
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Club Owner | 33944 | No Team Selected |
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Mar 2004 | 21 years | |
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| Quote Adeybull="Adeybull"He is the largest at 26%. Not the majority.
The board collectively hold about 7%.'"
Not much ' control ' there then, who's got the cash? , the board or the shareholders ?
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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Aug 2020 | Oct 2019 | LINK |
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| Quote Starbug="Starbug"Not much ' control ' there then, who's got the cash? , the board or the shareholders ?'"
No control at all. Control as in who can appoint the board is in the hands of directors who retired last year and the Club President. They seem content to back Hood over Caisley.
Do you understand how companies work? Surely with your background you must? Neither got "the cash". The company was the party to the lease with the council, and the company will have received the consideration paid by the RFL. Assuming it has actually been paid and is not a loan from the Bulls to the RFL.
The board control the company. The shareholders decide on the board. But you know all that?
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Player Coach | 9043 | No Team Selected |
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Aug 2008 | 17 years | |
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| The RFL need to buy them a new team
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Club Owner | 33944 | No Team Selected |
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Mar 2004 | 21 years | |
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| Quote Adeybull="Adeybull"No control at all. Control as in who can appoint the board is in the hands of directors who retired last year and the Club President. They seem content to back Hood over Caisley.
Do you understand how companies work? Surely with your background you must? Neither got "the cash". The company was the party to the lease with the council, and the company will have received the consideration paid by the RFL. Assuming it has actually been paid and is not a loan from the Bulls to the RFL.
The board control the company. The shareholders decide on the board. But you know all that?'"
All very strange, most companies/clubs have the directors as majority shareholders, or of course the shareholders elect the board ( but quite often would vote on issues like this ) in large companies
By who had the cash, I meant, was it the boards to use as and when needed ? ,or paid out as a dividend to the shareholders?
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Player Coach | 6858 | No Team Selected |
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Oct 2009 | 15 years | |
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| Quote MrPhilb="MrPhilb"The RFL need to buy them a new team'"
They're saving that for the 2013 season
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Club Coach | 5880 | No Team Selected |
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Mar 2005 | 20 years | |
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Oct 2024 | Oct 2024 | LINK |
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| Quote Starbug="Starbug"paid out as a dividend to the shareholders?'"
That would certainly make Wednesday's fans forum a bit more interesting! 
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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Aug 2020 | Oct 2019 | LINK |
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| Quote Starbug="Starbug"All very strange, most companies/clubs have the directors as majority shareholders, or of course the shareholders elect the board ( but quite often would vote on issues like this ) in large companies
By who had the cash, I meant, was it the boards to use as and when needed ? ,or paid out as a dividend to the shareholders?'"
Northern/Bulls never have had one individual in control. The board used to have control but no longer due to retirements etc. The extent to which this reflects in the present circumstances is unclear. What is quite clear to me, and has been for years, is that the current situation is unstable and will eventually have to be rectified. In other clubs this has been resolved by the arrival of a sugar daddy or by insolvency. We seem unable to attract the former, just predators who would seemingly use the club as a means to an end and starve it of resources and investment. I was told how much one predator said could be spent of the salary cap. You would be apalled.
The club has already stated publically, and I have been told personally, that the funds will be retained within the business as additional working capital. There could never be any question of a dividend, for a raft of reasons.
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Player Coach | 15521 | No Team Selected |
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Mar 2010 | 15 years | |
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May 2020 | May 2020 | LINK |
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| Quote Adeybull="Adeybull"The club has already stated publically, and I have been told personally, that the funds will be retained within the business as additional working capital.'"
So a bail-out then?
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