Fans forum to discuss finances (1 Viewer)

dongonzalos · Mar 19, 2014

Since Mr Labovitch ( live on radio ) has offered to sort fans forum consisting of Mr Waggot (not sure why) and Steve Brookfield to discuss the finances.

We have had

No arrangement made.

A different public statement asking the council to be involved but it has to be before the JR
( despite them saying they won't speak till after it)

A no to a fans group who asked to sort the original offer out.

A what seemed like very childish attack on said fans group.

The revamped offer was to go ahead even if the council say no. ( which is a given)

So when is it going to be explained how (even in theory) we can build this new stadium and cope with the interest rates.

How can we suddenly compete under FFP rules with it.

How will the investors get their money back.

Etc etc

covcity4life · Mar 19, 2014

ask him .

lordsummerisle · Mar 19, 2014

Winning the first X-Factor to Finance Director for the club.

Not how he'd have imagined his career to go.

RoboCCFC90 · Mar 19, 2014

To be honest Dong, I sent a letter to CCFC almost three weeks ago and I have still not had a response, I am not holding my breath on the matter to be honest.

Noggin · Mar 19, 2014

covcity4life said:
ask him .

such a helpful response, thanks, let us know his number and ill get right on it

dongonzalos · Mar 19, 2014

RoboCCFC90 said:
To be honest Dong, I sent a letter to CCFC almost three weeks ago and I have still not had a response, I am not holding my breath on the matter to be honest.

Send it to the CET and point out you sent it to the club 3 weeks ago

RoboCCFC90 · Mar 19, 2014

dongonzalos said:
Send it to the CET and point out you sent it to the club 3 weeks ago

I wouldn't do that Dong, that's not me, I will give it a week and if I still haven't had a response I will send it recorded delivery.

lordsummerisle · Mar 19, 2014

RoboCCFC90 said:
To be honest Dong, I sent a letter to CCFC almost three weeks ago and I have still not had a response, I am not holding my breath on the matter to be honest.

It'll come back with "Not known at this address" if you forgot not to send it to The Ricoh.

RoboCCFC90 · Mar 19, 2014

lordsummerisle said:
It'll come back with "Not known at this address" if you forgot not to send it to The Ricoh.

I sent it to Citibase on Lockhurst Lane, obviously addressed to the Football Club, I think that's right.

dongonzalos · Mar 19, 2014

If Mr Labovitch is not employed by SISU.
Yet SISU own Otium who own CCFC

Who is paying his wages?

Nick · Mar 19, 2014

RoboCCFC90 said:
I sent it to Citibase on Lockhurst Lane, obviously addressed to the Football Club, I think that's right.

Is it not Ryton?

shmmeee · Mar 19, 2014

Nick said:
Is it not Ryton?

I thought they'd moved the offices to the Gallagher shop. Could be wrong though.

win9nut · Mar 19, 2014

Is Labovitch still a Non-Executive Director?

In most businesses NEDs are present on a companies board to make sure that the Executive Directors are doing their job properly, they are not there to do it for them.

Is that why Fisher has taken a back seat in the apparent SISU strategy to offend as many customers as possible?

I really don't understand the management of CCFC at the moment...

RoboCCFC90 · Mar 19, 2014

Nick said:
Is it not Ryton?

Not according to the official Website, that is the information I went by.

ccfcway · Mar 19, 2014

great isnt it, we cant even find an address for the club any more !

shmmeee · Mar 19, 2014

win9nut said:
I really don't understand the management of CCFC at the moment...

Let me help you out: the management of CCFC have one aim: help Joy make money.

Currently they are trying a tactic that revolves around a conspiracy theory they've cooked up that CCC and the SBT were plotting to overthrow them as owners. As such they need to paint a certain picture in the media before it goes to court. Hence the Labovitch email. Hence Labovitch refusing to answer a question about CCFC without bringing up ACL.

All their eggs are in this basket. If they lose the JR, expect them to drop us like we're hot. If they win expect another court battle over how much money they've lost.

ccfcway · Mar 19, 2014

shmmeee said:
Let me help you out: the management of CCFC have one aim: help Joy make money.

Currently they are trying a tactic that revolves around a conspiracy theory they've cooked up that CCC and the SBT were plotting to overthrow them as owners. As such they need to paint a certain picture in the media before it goes to court. Hence the Labovitch email. Hence Labovitch refusing to answer a question about CCFC without bringing up ACL.

You know when the film of this comes out, can Simon pegg play Jan ?

fernandopartridge · Mar 19, 2014

win9nut said:
Is Labovitch still a Non-Executive Director?

In most businesses NEDs are present on a companies board to make sure that the Executive Directors are doing their job properly, they are not there to do it for them.

Is that why Fisher has taken a back seat in the apparent SISU strategy to offend as many customers as possible?

I really don't understand the management of CCFC at the moment...

An NED isn't normally considered a spokesperson though, are they?

dongonzalos · Mar 19, 2014

win9nut said:
Is Labovitch still a Non-Executive Director?

In most businesses NEDs are present on a companies board to make sure that the Executive Directors are doing their job properly, they are not there to do it for them.

Is that why Fisher has taken a back seat in the apparent SISU strategy to offend as many customers as possible?

I really don't understand the management of CCFC at the moment...

Is he paid by SISU?

stupot07 · Mar 19, 2014

dongonzalos said:
Is he paid by SISU?

No, he's paid for his time and expenses by the club. He's not employed by the club directly, he's CEO of another company GEMS Venture(?) I think.

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

shmmeee · Mar 19, 2014

ccfcway said:
You know when the film of this comes out, can Simon pegg play Jan ?

View attachment 3397

Sorry I've already cast Bill Oddy.

Jack Griffin · Mar 19, 2014

RoboCCFC90 said:
Not according to the official Website, that is the information I went by.

Write all correspondence to the registered office of Sky Blue Sports & Holdings Ltd. See Companies house website for details.

shmmeee · Mar 19, 2014

stupot07 said:
No, he's paid for his time and expenses by the club. He's not employed by the club directly, he's CEO of another company GEMS Venture(?) I think.

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

Sorry. If your time is paid for by someone, how are you not employed by them? Isn't that the dictionary definition?

dongonzalos · Mar 19, 2014

dongonzalos said:
Is he paid by SISU?

I find it strange in every interview he distances himself from SISU.
How is he paid?

RegTheDonk · Mar 19, 2014

shmmeee said:
Sorry. If your time is paid for by someone, how are you not employed by them? Isn't that the dictionary definition?

Suppose it depends on how you define employed. Maybe he runs a company who's services are paid for by the club, but he is paid as a director of that company? A bit like "employing" a builder to sort out your new kitchen. While you don't directly pay his stamp or tax, or give him paid time away from your kitchen to go on holiday, or look after his new born ... you bung him some money for his time actually doing the job.

Houdi · Mar 19, 2014

ccfcway said:
great isnt it, we cant even find an address for the club any more !

You could try Northampton I suppose.

Matty_CCFC · Mar 19, 2014

He will probably discuss at the SCG tonight, with all the sixfield sheep in attendance

We have had

No arrangement made.

A different public statement asking the council to be involved but it has to be before the JR
( despite them saying they won't speak till after it)

A no to a fans group who asked to sort the original offer out.

A what seemed like very childish attack on said fans group.

The revamped offer was to go ahead even if the council say no. ( which is a given)

So when is it going to be explained how (even in theory) we can build this new stadium and cope with the interest rates.

How can we suddenly compete under FFP rules with it.

How will the investors get their money back.

Etc etc[/QUOTE]

ashbyjan · Mar 19, 2014

shmmeee said:
Sorry I've already cast Bill Oddy.

Is Brad Pitt busy that week?

shmmeee · Mar 19, 2014

ashbyjan said:
Is Brad Pitt busy that week?

Yep. But I got Bruce Willis for Steve.

stupot07 · Mar 19, 2014

shmmeee said:
Sorry. If your time is paid for by someone, how are you not employed by them? Isn't that the dictionary definition?

A non-executive director (abbreviated to non-exec, NED or NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. They are not employees of the company or affiliated with it in any other way and are differentiated from inside directors, who are members of the board who also serve or previously served as executive managers of the company (most often as corporate officers).

Non-executive directors are sometimes considered the same as an independent director,[1][2] while other sources distinguish them from independent directors saying non-executive directors are allowed to hold shares in the company while independent directors are not.[citation needed]

Non-executive directors have responsibilities in the following areas, according to the Higgs Report published by the British government in 2003:[3][4]

Strategy: Non-executive directors should constructively challenge and contribute to the development of strategy.
Performance: Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitoring and where necessary removing senior management, and in succession planning.
Risk: Non-executive directors should satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible.
People: Non-executive directors are responsible for determining appropriate levels of remuneration of executive directors and have a prime role in appointing and where necessary removing senior management, and in succession planning.
NEDs should also provide independent views on:

Resources
Appointments
Standards of conduct
Non-executive directors are the custodians of the governance process. They are not involved in the day-to-day running of business but monitor the executive activity and contribute to the development of strategy.

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

shmmeee · Mar 19, 2014

Business double speak. It's all Greek to me

dongonzalos · Mar 19, 2014

stupot07 said:
A non-executive director (abbreviated to non-exec, NED or NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. They are not employees of the company or affiliated with it in any other way and are differentiated from inside directors, who are members of the board who also serve or previously served as executive managers of the company (most often as corporate officers).

Non-executive directors are sometimes considered the same as an independent director,[1][2] while other sources distinguish them from independent directors saying non-executive directors are allowed to hold shares in the company while independent directors are not.[citation needed]

Non-executive directors have responsibilities in the following areas, according to the Higgs Report published by the British government in 2003:[3][4]

Strategy: Non-executive directors should constructively challenge and contribute to the development of strategy.
Performance: Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitoring and where necessary removing senior management, and in succession planning.
Risk: Non-executive directors should satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible.
People: Non-executive directors are responsible for determining appropriate levels of remuneration of executive directors and have a prime role in appointing and where necessary removing senior management, and in succession planning.
NEDs should also provide independent views on:

Resources
Appointments
Standards of conduct
Non-executive directors are the custodians of the governance process. They are not involved in the day-to-day running of business but monitor the executive activity and contribute to the development of strategy.

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

Doesn't clarify who is paying his wages unfortunately

stupot07 · Mar 19, 2014

dongonzalos said:
Doesn't clarify who is paying his wages unfortunately

According to Linked in he is CEO of GEMS Ventures, this is his day job and who pays his wages. As well as being a non-executive director (description above) he is also a Senior Advisor for the The Club of Three (Institute for Strategic Dialogue).

He is not an employee off either the club or sisu.

ACL have a Non Executive Director on their board - Paul Harris, who's real job is Director of Property for Virgin Media.

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

oldskyblue58 · Mar 19, 2014

From the SCG minutes dated 04/12/13

What is Mark Labovitch’s role, title and does he get paid?

Tim Fisher – With regard to Mark Labovitch, from a governance perspective he provides an

independent view for the board. He’s paid a nominal Non Executive Directors fee.

bigfatronssba · Mar 19, 2014

I don't understand this independent bit. How is he anymore independent than Fisher?

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