tookey
First Grader
The ticket, food, drink and dressing room-access gravy train is over for the no-name directors of the Manly District Football Club.
For the best part of seven years the football club, which has about 500 members, has controlled the boardroom of the Sea Eagles because it held two vital votes.
And it made no secret of the fact it was intent on shutting out the major shareholders, the Penn family.
Together with minor shareholder Quantum they removed the company secretary, backed a no-confidence vote in chairman Scott Penn and wiped $20,000 off the termination payout to one of their own life members in Peter "Zorba" Peters because he called Quantum boss Phil Sidney a "garden gnome".
Well, the two votes now mean zilch thanks to the Penns' recent 90 per cent takeover of the Sea Eagles.
The District Football Club will retain two votes against five for the Penns. Suffice to say times will change dramatically now the district football club is only consulted on colours, home ground and club name.
A big winner in the takeover by the Penns will be the Manly Leagues Club, virtually shunned by the football club/Quantum alliance because it dared to ban former chairman Bob Reilly.
A few years remain on the ban and the players will return to their historical home after matches. It appears, at long last, a knockout victory has ended the war at Manly.
http://www.canberratimes.com.au/rugby-league/league-news/krisnan-inu-i-know-jarryd-hayne-will-succeed-20141108-11j6l6.html
For the best part of seven years the football club, which has about 500 members, has controlled the boardroom of the Sea Eagles because it held two vital votes.
And it made no secret of the fact it was intent on shutting out the major shareholders, the Penn family.
Together with minor shareholder Quantum they removed the company secretary, backed a no-confidence vote in chairman Scott Penn and wiped $20,000 off the termination payout to one of their own life members in Peter "Zorba" Peters because he called Quantum boss Phil Sidney a "garden gnome".
Well, the two votes now mean zilch thanks to the Penns' recent 90 per cent takeover of the Sea Eagles.
The District Football Club will retain two votes against five for the Penns. Suffice to say times will change dramatically now the district football club is only consulted on colours, home ground and club name.
A big winner in the takeover by the Penns will be the Manly Leagues Club, virtually shunned by the football club/Quantum alliance because it dared to ban former chairman Bob Reilly.
A few years remain on the ban and the players will return to their historical home after matches. It appears, at long last, a knockout victory has ended the war at Manly.
http://www.canberratimes.com.au/rugby-league/league-news/krisnan-inu-i-know-jarryd-hayne-will-succeed-20141108-11j6l6.html