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TFC respond to WSH exclusivity
at 00:18 13 Mar 2024

That is absolutely correct, Mundell.

The Companies Act 2006 obliges directors to avoid conflicts of interest, by recusing themselves from the decision making processes ant the board level (such as, assuming the articles require it, board approval of a sale of shares). The other directors can vote to waive conflicts of interest of other directors, but this is all subject to the overriding duty on each of them to act in the best interests of the company (ie the shareholders) as a whole. I don’t know the exact nuts and bolts of the Chairman’s interests and the offers from investors, but it does seem on its face to present a potential conflict and SG and other Directors will need to treat very carefully.

As a separate point, it depends on the articles and any shareholders agmt but approval of other shareholders may be required there under for a transfer of shares (pre-emption rights / consent rights etc).

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TFC respond to WSH exclusivity
at 20:09 12 Mar 2024

Share transfers must always be completed in accordance with the relevant company’s articles of association (and shareholders’ agreement, if there is one).

Share Purchase Agreements are agreed between the buying and selling shareholders, and a signed stock transfer form from the selling shareholder(s) will be presented to the board for approval.

A power for the directors to refuse registration is common. This can be a general veto right or a more limited power, which can only be exercised in certain circumstances. So basically it depends what the AoA say.

However, unless the articles of association contain an express right to refuse the transfer of shares, if the company is presented with a duly completed and stamped stock transfer form and the transfer is in accordance with the company’s articles of association, the directors will not have a right to refuse the transfer.

Worth bearing in mind that all directors are under a legal, fiduciary obligation to act in the best interests of true company, ie not themselves.

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Ethan B
at 07:50 22 Feb 2024

Just a thought given the recent, concerning announcements made by the Chairman recently.

We sold an extremely promising talent to a Premier League club just last summer. Does anyone have a scooby how much Brentford paid, or are due to pay for him?

I ask as I have a horrible feeling it is something absolutely paltry, and because the amount that we actually got (or are due to get) is very relevant to the question of the Chairman’s competence and my own confidence in the current board.

The figures banded around at the time of the proposed Blackburn deal were ludicrously low. And remember him being unavailable for selection due to the trial has was on was a massive factor in our relegation.

More generally for the reasons others have given on other threads, there has been a series of blunders by the current administration that should not be forgiven lightly. The main issue for me is the disdain he seems to hold for the fans. Looking forward to seeing the back of him.

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Next 4 games
at 18:08 26 Dec 2023

Couldn’t disagree more.

It would be ridiculous to change the style of play that has got us into play off contention for a one off game just to appeal to a small number of additional fans.

The important thing, like always in football, is to win the game first. If we won every game thi season playing in the style, would you complain?

Some people are never happy, even when we’re winning.

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