As SAYNO advised on 12th Nov, CPO recently confirmed the AGM for Friday 31st January at 11am at Stamford Bridge.
Voting papers should now be with shareholders, and the only 3 resolutions of contention would seem to be much as last year ;
2. The re-election of builder/developer chairman Frankham (opposed by SAYNO) – who still has the lowest support of all directors. Long considered by many shareholders to be in the pocket of Buck due to his admitted support for the attempted liquidation in 2011, his superficial pursuit of the fraudulent multiple share purchasers, and still refusing to rule out voting to liquidate CPO despite CFC now admitting Stamford Bridge to be the only possible option available for a 55/60 k capacity stadium. Who in their right mind would put CPO in the hands of someone with this record ? No really…..ask yourselves who ?
4. The re-election of CFC employee Granvill (opposed by SAYNO) – the only director still in office throughout the clubs disgracefully conducted offer in 2011 and the inherent share sales scandal, and still protests he always acted in the best interests of shareholders !!! Not only is he still an employee of the the club in stark contradiction of CPO’s regulations, he also never bothered to buy a single share in CPO for the first 20 years, such was his previous notable disinterest !
7 & 8. The re-appointment of Hannaways (opposed by SAYNO) – the deficient auditors also tainted by the previously disgraced chairman Richard King’s administration, who supposedly oversaw the whole dubious offer period without voicing any warnings to members as legally required !
All other proposals are currently supported in varying degrees to allow CPO to function.
However, SAYNO also notes once again (for yet another year) there is no further mention of widening the board from the 5 middle-aged, grey haired white men, to a more shareholder representative 7 directors, as continually promised – Frankham having previously vetoed the proposal with the multitude of proxy votes automatically entrusted to him. One small victory SAYNO does welcome is the matter we highlighted at last years AGM (to the disgust of members) – the rescinding of the charge CFC always made for hosting CPO’s AGM at Stamford Bridge – particularly as we allow them to use our pitch all year for free ! At this rate it should only take another decade for Buck to return the Annual Lunch, Credit Card Commission, and Lottery he somehow persuaded Richard King to gift to CFC.
Shareholders are advised to vote taking the above recommendations into account and SAYNO are happy to stand proxy for any who cannot attend on the day, or regarding any other issues that might be raised on the day, by simply entering the name ‘David Spring’ in the appropriate box at the top of the voting form. However you choose to vote – please DO NOT entrust your proxy to the chairman who has abused that trust in the past.
We will continue to monitor the situation as always and post statements accordingly at www.saynocpo.com
All at SAYNO wish Clint Steele a speedy recovery.