I vote for COriginally Posted by starryknight
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?!
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.
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
Last edited by Albatross; 09/10/2012 at 9:27 AM. Reason: Correct formatting
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?
Last edited by starryknight; 09/10/2012 at 10:48 AM.
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 !
So who is pulling the strings??
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 ?
He has done his bit and picked up a few players for his troubles.
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.
Last edited by starryknight; 09/10/2012 at 4:38 PM.
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.
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.
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.
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