unreachable Posted 3 April 2012 Posted 3 April 2012 It’s time. I must accept that I have an obsession. I would like to know who owns my Club. But hold on - it’s a reasonable requirement. In fact, it's so reasonable that the Football League have a Regulation which is Regulation 94 Publication of Ownership. I know that I have mentioned it in various posts but I thought that it warranted a thread of its own since various posters continue to talk about “the owners” of the club. If the Raksriaksorns are “the owners” then why are their names not published on the Club’s official website in accordance with Regulation 94? The following references contain the small print: http://www.football-league.co.uk/staticFiles/0/8c/0,,10794~166912,00.pdf “All Clubs must publish on their website details of the owners (directly or indirectly, legally or beneficially) of 10% or more of the Club. Failure to do so is a breach of Regulations and would be referred to the FDC. Any Club in breach would be charged and would have to appear before a disciplinary commission. We do not have the power to serve a notice of withdrawal of membership in such circumstances.” http://www.football-league.co.uk/regulations/20110629/section-9-association-dual-interests_2293633_2125750 “Regulation 94 Publication of Ownership Each club shall publish the identities of the Ultimate Owner (Person, not Entity) of each Significant Interest in the Club (as that term is defined Rule 1.1 Appendix 4). That information shall as a minimum be published on the Club’s official website on a page accessible directly from the home page of that official club website.”
davieG Posted 3 April 2012 Posted 3 April 2012 Ask the Football League - [email protected] - they always respond promptly to my questions
unreachable Posted 3 April 2012 Author Posted 3 April 2012 Ask the Football League - [email protected] - they always respond promptly to my questions I could but the answer they gave to your FFP rules enquiry didn't help very much.
davieG Posted 3 April 2012 Posted 3 April 2012 I could but the answer they gave to your FFP rules enquiry didn't help very much. They answered as well as they could considering nothing had been agreed whereas from what you're saying these rules exist and LCFC are not abiding by therm, besides what have you got to lose in spending 5 minutes writing an email probably less time than it took to start this topic where you really can't expect a definitive answer.
Out Foxed Posted 3 April 2012 Posted 3 April 2012 I could but the answer they gave to your FFP rules enquiry didn't help very much. they're more likely to know than the ****** who post on here (myself included)
unreachable Posted 3 April 2012 Author Posted 3 April 2012 They answered as well as they could considering nothing had been agreed whereas from what you're saying these rules exist and LCFC are not abiding by therm, besides what have you got to lose in spending 5 minutes writing an email probably less time than it took to start this topic where you really can't expect a definitive answer. I posted as an indirect way of contacting the club or others closely linked to the club.
absolutelegend Posted 3 April 2012 Posted 3 April 2012 I thought our club was owned by Asia Football Investments, of which the Raksriaksorns (Top's Dad namely) are shareholders along with 2 other investors, one being Milan Manderic (is this still the case?) and the other an un-named investor. To my knowledge AFI have given LCFC interest paying loans to fund player aquisition / wages etc. which is recallable at any point, although from what I have read this should be until the end of next season. Is my understanding correct? The problem arrises if AFI recall their loan and LCFC are not in a position to service the debt, which would be the case if we are not Premier League (even struggling if we were). Worst case scenario is not worth thinking about if this is the case.
m00nie Posted 3 April 2012 Posted 3 April 2012 didnt the foxes trust look into it when it first came about there may be a 3rd party??
Happy Fox Posted 3 April 2012 Posted 3 April 2012 We will never know the full truth until we reach the prem I suspect.
davieG Posted 3 April 2012 Posted 3 April 2012 I posted as an indirect way of contacting the club or others closely linked to the club. Well if they're not going to put it on the website, for whatever reason they're not going to come on here and answer your question and I doubt you've done enough to **** their conscience enough to make them change the website. On the other hand a email to the FL might prompt them, even if they do it without recourse to acknowledging you to ask LCFC why they are not complying. Just a thought.
m00nie Posted 3 April 2012 Posted 3 April 2012 this is our OS your on about also remember. we all know how behind that can be.
unreachable Posted 3 April 2012 Author Posted 3 April 2012 I thought our club was owned by Asia Football Investments, of which the Raksriaksorns (Top's Dad namely) are shareholders along with 2 other investors, one being Milan Manderic (is this still the case?) and the other an un-named investor. To my knowledge AFI have given LCFC interest fee loans to fund player aquisition / wages etc. which is recallable at any point, although from what I have read this should be until the end of next season. Is my understanding correct? The problem arrises if AFI recall their loan and LCFC are not in a position to service the debt, which would be the case if we are not Premier League (even struggling if we were). Worst case scenario is not worth thinking about if this is the case. The Football League Regulation requires the publication of individuals not companies. Asia Football Investments Pty Limited are registered in Singapore and although information can be obtained I don't want to spend my money doing a company search in the expectation that nothing will be revealed.Many football clubs comply with Regulation 94. Since LCFC is held out as the pinnacle of respectability it's just pathetic that the club sees itself as above having to deal with the Football League Regulations. If this is not complied with it begs the question as to what other regulations are not being complied with.
unreachable Posted 3 April 2012 Author Posted 3 April 2012 Well if they're not going to put it on the website, for whatever reason they're not going to come on here and answer your question and I doubt you've done enough to **** their conscience enough to make them change the website. On the other hand a email to the FL might prompt them, even if they do it without recourse to acknowledging you to ask LCFC why they are not complying. Just a thought. It might even provoke a public response from the Foxes Trust.
davieG Posted 3 April 2012 Posted 3 April 2012 It might even provoke a public response from the Foxes Trust. You can ask them here - http://foxestrust.co.uk/our-aims Not sure why you're so reluctant to ask the most appropriate people, FL, Foxes Trust and LCFC directly.
unreachable Posted 3 April 2012 Author Posted 3 April 2012 You can ask them here - http://foxestrust.co.uk/our-aims Not sure why you're so reluctant to ask the most appropriate people, FL, Foxes Trust and LCFC directly. I do not wish to be regarded as a trouble maker and have my season ticket withdrawn.
Happy Fox Posted 3 April 2012 Posted 3 April 2012 I do not wish to be regarded as a trouble maker and have my season ticket withdrawn. Come on that is hardly likely and if it happens we will know if their is credence to the story.
unreachable Posted 3 April 2012 Author Posted 3 April 2012 Come on that is hardly likely and if it happens we will know if their is credence to the story. I don't want to run the risk.
stourbridgefox Posted 3 April 2012 Posted 3 April 2012 Milan had to sell his shares before he could buy Sheffield Wednesday, as you are not allowed to have an interest in two clubs. The unnamed third party was named but I can't remember it. He was a Indonesian billionaire who owned interests in the country's coal and oil industry and was involved in the Indonesian FA. It was reported in the Mercury pretty early on that the Raksriaksorns had bought out his interest. My guess is that Asia Football Investments is owned wholly by King Power.
Happy Fox Posted 3 April 2012 Posted 3 April 2012 I don't want to run the risk. Fair enough if more than one fan enquires we are more likely to out the truth.
unreachable Posted 3 April 2012 Author Posted 3 April 2012 Fair enough if more than one fan enquires we are more likely to out the truth. When one sees the problems at other football clubs that's why I think it is for someone with clout to deal with the matter such as the Leicester Mercury or the Foxes Trust.
Happy Fox Posted 3 April 2012 Posted 3 April 2012 When one sees the problems at other football clubs that's why I think it is for someone with clout to deal with the matter such as the Leicester Mercury or the Foxes Trust. The trouble is though those institutions don't want to burn bridges with the club if external sources like the Football league or the FA intervene or even politicians through government then maybe will find out the whole truth. Or we as fans could try and raleigh and seek the truth.
stourbridgefox Posted 3 April 2012 Posted 3 April 2012 The two Raksriaksorns and Supornthip Choungrangsee are all from King Power and therefore the following probably is a list of directors owning more than 10%. I wouldn't be surprised if Susan Whelan wasn't given a stake to take the job as CEO either. http://www.lcfc.com/page/DirectorsIndex/0,,10274,00.html Maybe there is no conspiracy and the information is right in front of us.
Jon the Hat Posted 3 April 2012 Posted 3 April 2012 The trouble is though those institutions don't want to burn bridges with the club if external sources like the Football league or the FA intervene or even politicians through government then maybe will find out the whole truth. Or we as fans could try and raleigh and seek the truth. I'm always up for a good cycle, but I am not sure that will do it. Seems to me unreachable's curiosity knows .... bounds. He cannot actually be bothered to try anything. Might as well give up then.
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