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Club Reject AGM Proposals

Club Reject AGM Proposals

Wednesday have released the voting results from the recent AGM meeting - and have distanced themselves further from the fans by defeating three of the six fan-related resolutions.

Donations from Wednesdayite, quarterly meetings between Wednesdayite, other fans groups and the Owls board and the resolution to appoint a supporters' representative to the current board have all been defeated following voting on Monday evening.

The results will do nothing to help the already-poor relationship between the Wednesday fans and the current board and have already caused unrest amongst fans on Owls message boards on the web.

Owls chairman Dave Allen already insisted he would refuse any donations from potential investors, including donations from Wednesdayite, unless the Owls board were allowed to choose where the money was spent.

Even so, the results today will not help relations between the club - who have already admitted in the media to struggle to keep such players as David Graham and former loanee Lloyd Sam because of wage demands - and fans groups such as Wednesdayite - whose members were in attendance at the meeting at Cutler's Hall on Monday night.

The fans' group, whose membership has reached over 1000 in just over a year, has already seen a £10,000 donation turned down by the club earlier this season on grounds that the club wanted to spend it their own way and not as intended by the group.

The full results are below...

--------------------------------------------

Resolution 3: To re-appoint Mr D E D Allen as a director.

For: 24,518,414
Against: 6,291,033

Resolution carried.

--------------------------------------------

Resolution 4: To re-appoint Mr K Cooke as a director.

For: 24,689,758
Against: 6,120,051

Resolution carried.

--------------------------------------------

Resolution 5: That the Company instigate a programme of consultation with supporters' organisations, including quarterly meetings between board members and representatives of Wednesdayite.

For: 8,282,646
Against: 22,583,288

Resolution defeated.

--------------------------------------------

Resolution 6: The Directors set up a consultation process to facilitate the appointment to the Board a representative of supporters/small shareholders.

For: 7,966,222
Against: 22,892,312

Resolution defeated.

--------------------------------------------

Resolution 7: The Directors accept all donations from Wednesdayite and apply them as stipulated for the specific purpose as intended by Wednesdayite's Good Cause Funds (Squadbuilder, Facilities, Community) giving reasonable recognition and allow Wednesdayite to become Academy Patrons on the same terms as other patrons.

For: 9,226,571
Against: 21,677,558

Resolution defeated.

--------------------------------------------

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Click here to join in the debate on the club forum.

Writer:Nick
Date:Wednesday November 15 2006
Time: 5:36PM

Comments

0
for someone who is apparently if you read your site and other press villified..I am surprised that allen has returned with such a comfortable majority to the role of a director...
ernshaw
15/11/2006 21:17:00
0
it's easy when you hold the boards voting power
wednesday4europe
16/11/2006 08:30:00
0
because the directors, who are all mates of allens, have about 20,000,000 of the shares!
newman87
16/11/2006 08:35:00
0
Well when the voting rights are mainly in the hands of the directors what else can you expect? If the club had a big share issue for player/transfer funds you can bet your life that they still won’t come with voting rights.
Timsncfc
19/11/2006 11:44:00
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