Amberexile wrote:Stan A. Einstein wrote:Amberexile wrote:Who owns the majority of the shares in the club?
I suppose that as you don't understand the word 'if' a phrase like 'all practical purposes' will be entirely beyond you.
Yes the trust are the majority shareholder. The trust elect the board of directors. To use the legal term, the trust are the controlling mind.
And finally if the trust board meeting takes decisions on the future direction re employment etc of Newport County then for all practical purposes they are the same thing.
Explain the difference between the Club Group, the Community Group, their make up, their governance relationship to the Trust Board and why that governance structure was a factor in Charlie Hopkins resigning.
I don't know the difference of legal status between a club group and community group. My guess is that both are meaningless terms.
I am aware that many believe that an inner clique have de facto taken over the running of Newport County. And this may be the case.
If it is, then if challenged I'm sure this clique don't have a proper legal basis for acting the way they do. Further if this is the case, or indeed if you believe it may be the case, surely you can't keep on giving the trust your hard earned money?
I mean, unless I have misunderstood you, you demand transparency from the trust. Good. The trust directors say, thank you. Good. They then give it to the directors of Newport County. Mmmmm. Who are the same people. And how that money is spent is a mystery. And that's okay?
Sorry I don't get it.