Where to now for Bray Wanderers

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Originally Posted by starryknight

I agree 100% with your comments. The Slevins have been among the greatest contributors to Wanderers. No individual has given more time, commitment, encouragement, fundraising and money than then they have. They kept the balance in the place and brought in new life and funds just when the club needed it. But believe it or not some people resented what they were doing with the club.

On a different topic. Here is a short imaginary exercise for you lads and lassies reading this forum to give your opinion on.

Imagine you are running a small football club.
You love the club and you will do anything to see it continue.
But there are ongoing money problems in the club. Somehow every time you look at the books there are always more costs than income.
You are given an offer from someone. It is a promise (only) to sort out the money problems for the club but to get this you must shaft some of your friends (Lets say in this fantasy you will have to set up your friends to loose something that cost then a lot).
Ok what are you going to do. Here are your possible options.

A. Shaft the friends and maybe get the promise to finance the club delivered.
B. Keep the friends and run the risk of the club going bust.
C. Keep the friends and expose the manipulator.

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I vote for C

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Originally Posted by Captain2007

What about the Albatross as a leader, seems to know more about the running of the club then anyone else on this forum or maybe there would be a conflict of interest ?????

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I would be happy to take over and there would definitely be no conflict of interest but I doubt I would be acceptable to those running the club. I'm not a "YES" man and tell it like it is.

I haven't posted much recently but I've been busy trawling through the documents on the CRO web-site.

http://www.cro.ie/search/CompanySearch.aspx

A list of all the Companies filing is displayed. I have done some analysis on this so you don’t have to. It would also cost you quite a bit of money to purchase all these documents so I have done it so you don’t have to.

The first exciting installment will be on this blog tomorrow, find out who actually owns Bray Wanderers.

	WHO OWNS BRAY WANDERERS
	COMPANY REGISTRATION OFFICE SUBMISSIONS
			Shares	Ownership	Appointed	Resigned	Appointed	Resigned
					DIRECTOR		COMPANY SECRETARY
	Aidan	O'Rourke	100000	12.20%	03/05/2006	11/10/2011
	Alex	Hill	100000	12.20%	6064902
	Eddie	Cox	4194	0.50%	Not available
	Eddie	Slevin	1655	0.20%	Not available	10/06/2011		16/03/1998
	Frank	Slevin	229067	28.00%	Not available	12/08/2011	01/12/2005	03/06/2008
	George	Southern	100000	12.20%	03/05/2006	03/06/2010
	HR	Holfeld(Richard)	34350	4.20%	16/06/1997	31/12/2006
	John	Deering	18448	2.30%	01/06/1995	30/04/2012
	Ian	Hume		0.00%	16/06/1997	31/12/2006
	John	O'Brien	1650	0.20%
	Jack	O'Neill		0.00%	16/02/2012
	Mercer	Investment	167419	20.50%	16/06/1997	31/12/2006
	Pat	Devlin	39747	4.90%	01/03/1999	31/12/2006
	Pat	Lynch		0.00%	03/06/2008	17/06/2011	03/06/2008
	Paul	Wallace		0.00%	16/06/1997	31/12/2006	16/03/1998	01/12/2005
	Philip	Hannigan	20900	2.60%	Not available
	Total	Ordinary	817430

Any corrections needed or is that correct?

Yes, previous posting are correct.
The Slevins have contributed enormously to Bray, and the club would not be the same without their wisdom and support.

The club is poorer without SLEVIN involvement.

The list of share ownership is interesting, and from some old programes I have noticed that all these gentleman where directors at some point!!!!!!

The question I’d like answered:
why have so many left , and if and when will they be replaced and by whom??

Is Jack O'Neill not company secretary now, it would appear that the company has failed to file the resignation of Pat Lynch and appointment of Jack.

I guess Braw Wanderers is one of those magic places with no less than two company secretaires. But what happened to Lynchie, any info on why he jumped ship? Was something fishy cooking?

So who are Mercer, Alex Hill and George Southern?
Never heard of them?!

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Originally Posted by The Fox

So who are Mercer, Alex Hill and George Southern?
Never heard of them?!

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Hill & Southern were two guys who stumped up a lot of cash for Wanderers in 2006 when Slevins needed it for the club.
Club has big bank debts and Revenue debts at the time.
Slevins could see club was in a tight financial cornor but managed to pull off a deal in a fair way to get cash into the club.
I hear that all the other shareholders were asked if they would put money in at that time, but none of them wanted to.

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Originally Posted by The Fox

So who are Mercer, Alex Hill and George Southern?
Never heard of them?!

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Originally Posted by starryknight

Hill & Southern were two guys who stumped up a lot of cash for Wanderers
in 2006 when Slevins needed it for the club.Club has big bank debts and Revenue debts at the time.
Slevins could see club was in a tight financial cornor but managed to pull off a deal in a fair way
to get cash into the club. I hear that all the other shareholders were asked if they would put money
in at that time, but none of them wanted to.

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Mercer is a "Dissolved" company and part of the Holfeld Group, Mr. Southern is a former director of Bray Wanderers.

BOARD MEMBERSHIP

1 Board between 1999 - 2006 Resigned

Eddie Cox
Eddie Slevin
Frank Slevin
John Deering
Ian Hume	31/12/2006
Pat Devlin	31/12/2006
Paul Wallace	31/12/2006
Richard Holfeld	31/12/2006

2 Board between 2007 - 2011

Eddie Cox
Eddie Slevin	10/06/2011
Frank Slevin	12/08/2011
John Deering	30/04/2012
Aidan O'Rourke	11/10/2011
George Southern	03/06/2010
Pat Lynch	17/06/2011

3 Current Board
Eddie Cox
Jack O'Neill

With all due respects to the two individuals it is obvious
that they are not running the show but it is also pretty obvious
who is. Why the reluctance in becoming directors and lurking
in the shadows. It still makes them legally "shadow directors"


Auditor Resignation
B47 NOTICE(LETTER) OF RESIGNATION OF AUDITOR 03/01/2012
Rogers & Co Replaced by Murnane & Associates

This started off as a discussion on 'where to now for Bray Wanderers'. Are you pointing out that they are running out of directors and is this is one of the problems you see?
Must be a hard job to find people who want to help by becoming directors in Bray.

And just one more question what exactly is a 'shadow director' and how do you know when you have one?

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Originally Posted by starryknight

This started off as a discussion on 'where to now for Bray Wanderers'. Are you pointing out that they are running out of directors and is this is one of the problems you see?
Must be a hard job to find people who want to help by becoming directors in Bray.

And just one more question what exactly is a 'shadow director' and how do you know when you have one?

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I know its a bit long-winded but I found this on the Institute of Directors web-site, as you can see they have a caveat in there but I would expect it's pretty accurate.

Q. What exactly is a shadow director?

A. Please note that IOD Ireland accepts no responsiblity for the legality or appropriateness of the below answer. It is the reader's responsibility to take appropriate legal advice before acting.

A shadow director is a person whose instructions are implemented by the other directors of the company (S.27 of the Companies Act 1990. Excepted from this definition are persons who give professional advice and directions to company directors). Such a person does not become a shadow director if only a single or small group of directors act in accordance with his/her instructions or directions. To be a shadow director he/she must direct and instruct the whole board and the board must act on his/her instructions on more than one occasion, over a period of time, and regularly.
Since the enactment of the 1990 Act, shadow directors have been regarded as the same as company directors. While not a member of the board of directors, a shadow director is significantly involved in the running of the company. From a distance, he/she dictates to someone who is an actual director how he/she wants the company to be managed.
Prior to 1990 the position of shadow director did not carry the same liabilities and obligations as that of the other directors. Now the position carries the same onerous duties across a range of areas including fraudulent or reckless trading. S.150 of the Companies Act 1990 made shadow directors liable to restriction in the event that he/she fails to act in accordance with the highest standards. S.138 of the 1990 Act amended S.297 of the principal Act and imposed liability on a shadow director who is deemed to have behaved in a reckless or fraudulent manner in his role as an officer of the company. As a result of this Act, a shadow director is under an obligation to disclose, in writing to the company, any interest he/she has in contracts, or proposed contracts, with the company. {S.27(3)}
Failure of a shadow director to disclose any involvement he/she may have in business carried out with the company of which he/she is a shadow director makes that person liable to prosecution by the Director of Corporate Enforcement.
It is not possible for a person to evade responsibility and liability by not being formally appointed a director if he/she comes within the definition of shadow director.
In general, it is very unsatisfactory for a board to be in a position where an individual can exercise such authority within the company without being an appointed member of the board, although he/she is, de facto, a member of the board.

[QUOTE=starryknight;1633641]
Must be a hard job to find people who want to help by becoming directors in Bray.


It must be very difficult, ex.player (legend) was recently asked would he like to come on board as a director, he turned down the invitation, looking at the information coming to light in this forum he probably made a wise decision.

Where to for Bray.... who knows !

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Originally Posted by Albatross

Mercer is a "Dissolved" company and part of the Holfeld Group, Mr. Southern is a former director of Bray Wanderers.


With all due respects to the two individuals it is obvious
that they are not running the show but it is also pretty obvious
who is. Why the reluctance in becoming directors and lurking
in the shadows. It still makes them legally "shadow directors"


Auditor Resignation
B47 NOTICE(LETTER) OF RESIGNATION OF AUDITOR 03/01/2012
Rogers & Co Replaced by Murnane & Associates

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So who is pulling the strings??

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Originally Posted by The Fox

So who is pulling the strings??

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There is only one man left IMO....and it is known that he would love to take (Full) control of Bray Wanderers. The Current Director of Football Pat Devlin, Mr Bray Wanderers himself, the club could only benefit if he would take the reins, Pat has made a huge contribution with all of our success over the years both on and off the field.
Perhaps he may be the person to attract new blood on to the board ?

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Originally Posted by Captain2007

There is only one man left IMO....and it is known that he would love to take (Full) control of Bray Wanderers. The Current Director of Football Pat Devlin, Mr Bray Wanderers himself, the club could only benefit if he would take the reins, Pat has made a huge contribution with all of our success over the years both on and off the field.
Perhaps he may be the person to attract new blood on to the board ?

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He has done his bit and picked up a few players for his troubles.

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Originally Posted by The Fox

So who is pulling the strings??

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A public forum is not the right place to say that someone is pulling strings and to give out their name without a proper full investigation.
If there is a suggestion that something has not been done right then it can only be investigated by the FAI.
If the FAI decide that there is a case to be answered they can then decide to name the individuals.
So for the moment there is no proper way to answer your question.

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Originally Posted by Captain2007

There is only one man left IMO....and it is known that he would love to take (Full) control of Bray Wanderers. The Current Director of Football Pat Devlin, Mr Bray Wanderers himself, the club could only benefit if he would take the reins, Pat has made a huge contribution with all of our success over the years both on and off the field.
Perhaps he may be the person to attract new blood on to the board ?

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I've no doubt that he would love to take full control of the club but that would involve buying out everyone's shareholding which is valued at about 800K. Firstly I don't know if he has that sort of money and secondly would he want to part with that sort of money. I presume he wouldn't be looking to get the club for nothing,that would be a bit unfair on all the individuals who put significant amounts of their money into the club to keep it going.

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Originally Posted by The Fox

So who is pulling the strings??

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What did Deep Throat say in the film "All the Presidents Men"

No, I have to do this my way. You tell me what you know, and I'll confirm. I'll keep you in the right direction if I can, but that's all. Just... follow the money.

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Originally Posted by Albatross

I've no doubt that he would love to take full control of the club but that would involve buying out everyone's shareholding which is valued at about 800K. Firstly I don't know if he has that sort of money and secondly would he want to part with that sort of money. I presume he wouldn't be looking to get the club for nothing,that would be a bit unfair on all the individuals who put significant amounts of their money into the club to keep it going.

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How much did Ken Bates pay for Chelsea ? one penny...I would agree that it is unfair to the individuals who have so far kept the show on the road....I think they have gone as far as they can go without getting any return on their investment.