CHELSEA PITCH OWNERS: A CALL FOR KING TO RESIGN
The Kingbreaker
More questions are raised by concerned Chelsea Pitch Owner shareholders about the legitimacy of current chairman Richard King’s tenure.
More questions are now being asked about the legitimacy of Richard King’s tenure as chairman of Chelsea Pitch Owners, the company set up to ensure that developers can never take over Stamford Bridge and also to protect the name Chelsea Football Club ever being used should the club decide to move away from their present location.
Several concerned fans are asking whether, as a supposedly independent organisation, it is right that Chelsea FC provides hosting for the Chelsea Pitch Owners website. With the same sentiment in mind, shareholders are now asking who exactly has editorial control of the Chelsea Pitch Owner web pages that can be found within the club’s official website.
With the events of the past weeks in mind, it would be interesting to see whether those responsible for the Chelsea Pitch Owner web pages would allow some independent comments to be made by those who do hold shares.
After Richard King was challenged by shareholders on the point he made that the Chelsea Pitch Owners did not own the name Chelsea Football Club, there is clear and irrefutable evidence that the web page containing the proof that the Chelsea Pitch Owners DID own the name was subsequently changed. This, after a shareholder pointed out to King that the evidence was on the official Chelsea website.
If it is the case that King arranged for the webpage to be changed in order that there was ‘no evidence’ that contradict what he claimed at the Chelsea Pitch Owner AGM, that, state some shareholders, is enough to warrant a resignation from him.
Shareholders insist that King is duty bound in his role to protect the interests of the shareholders and not to bend to the wishes of those at the club who may, for their own purposes, want as ‘easy a ride’ as possible as far as taking the name Chelsea FC with them, should a new stadium other than in its present location become a viable alternative.
As well as the above, several shareholders who attended the last AGM of the Chelsea Pitch Owners company last December were angry and upset when informed by King that the company had ‘served its purpose’.
When Ken Bates’ Chelsea lent the Chelsea Pitch Owners company £10m to buy the freehold of the pitch, the purpose of the Chelsea Pitch Owners was to sell enough shares to repay the loan.
If you are a concerned Chelsea Pitch Owner shareholder, please contact the ‘Provisional Committee’ of the ‘Vote King Out Campaign’ via the following email address; Vote_King_Out@live.co.uk








Comments
By Garry Walton on January 27th, 2010 at 12:18 pm
Dear CFCnet
As a Chelsea Pitchowner I think we have to separate a few of the issues here
that appear to go in different directions.
1. Any official of CPO is duty bound to uphold the constitution of CPO.
This does not preclude that individual from having and airing a controversial opinion which may eventually lead to their removal from office by a democratic vote.
2. The foundation of CPO by KB (one of his better decisions) came about as a protective measure to ring fence the club from speculators and was the direct result of Ken’s struggle to recover from the near disaster caused by some members of the Mears family selling out the ground to property interests.
I don’t believe the original concept was designed to prevent Chelsea Football Club from ever moving to an 80,000 state of the art stadium that would humble the likes of Man Utd and Arsenal to name just a couple.
3. The new financial guidelines shortly to be imposed on clubs will mean gate receipts are very important and an expansion of Stamford Bridge to a break even capacity may prove impossible. Penalties could be severe and I for one don’t want to see a points deduction because of a rule breach.
4. The ownership of the brand name Chelsea Football Club is a legal issue that can be proved or disproved in the courts.
In summary I have been a Chelsea supporter since 1965 and have seen all the ups and downs. Whereas I love SB and its history we may have to be practical and move to a fantastic new home not too far away to grow and develop into the world’s biggest club.
I for one would gladly trade in my CPO shareholding to guarantee that.
Comeonyoublues.
GW