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PVH on 5 Live

incapable hulk

Best served cold
Probably gone on strike, before claiming he has done it for 5 Lives fans...
 

Joe Baker's Dog

Grenville Morris
Scholar sold Campbell behind Bassett's back and then Bassett sold Cooper because he thought he was stronger than him in the dressing room........none of which is good but PVH should never have gone on strike.......he did a lot of damage to our club.
 
A

account deleted

Guest
Scholar sold Campbell behind Bassett's back and then Bassett sold Cooper because he thought he was stronger than him in the dressing room........none of which is good but PVH should never have gone on strike.......he did a lot of damage to our club.

Agreed, but he did at least have a point, he just went about getting it across it in completely the wrong way.

If we'd kept Campbell and PVH we might not have been relegated.
 

magicwoand

It tizwas it is
If we had kept Campbell & Cooper, PVH wouldn't have gone on strike and if Geoff Thomas didn't get that severe injury. Just think how the last 18 years might have panned out. :facepalm::weep:
 

czechforest

Viv Anderson
Still bitter memories of the summer of 1998. It could be a decent season with PVH, Campbell, Cooper and Wim Jonk (we should have sign him after World Cup). Dave Bassett was good manager. Our Dougie was signed as replacement of PVH and Big Kev. Impossible job...
That consortium, Bridgford Group, almost destroyed the club.
Forever on BLACK LIST: Phil Soar, Irving Scholar, Nigel Wray. Where are they now?
BTW it is fair to say Soar - only Forest fan of that trio - has written nice book about Forest (published in 1998). I wonder what would he say today. Does he feel some guilty conscience?
 
F

Francis Benali (on loan)

Guest
We had no choice with Cooper. I'm sure he had a clause in his contract that allowed him to go if Middlesbrough came in with certain fee. He wanted to finish his playing career there.
 

czechforest

Viv Anderson
We had no choice with Cooper. I'm sure he had a clause in his contract that allowed him to go if Middlesbrough came in with certain fee. He wanted to finish his playing career there.

Supposedly gentleman agreement about his return to hometown club. But Cooper somewhere talked about it recently and he said it was not true and he wanted to stay. Ane he was only 31 at the time and played almost until his 40.
OK, when they sold him, they should buy some replacement. For example they could buy Richar Gough that summer. He came at the end of the season under Atkinson on loan and played well. Then he went to Everton.
 

adam09

Super Koopa
Cooper was on Radio Nottm before the last game, think he said he left because we weren't offering him a long term deal and Boro were, otherwise he'd have stayed. Also that Bassett was a tosser.
 

czechforest

Viv Anderson
Cooper was on Radio Nottm before the last game, think he said he left because we weren't offering him a long term deal and Boro were, otherwise he'd have stayed. Also that Bassett was a tosser.
Bassett was OK, problem was with these wankers Soar, Wray and Scholar. Thieves.
 

Ravi

Upper Decker
Indeed. And Markham.

A quartet of qunts.

Although tbf it was probably Scholar and Wray who were the main culprits.

Even though I'm usually cynical about the Fit and Proper person test I doubt Scholar would have been deemed fit to own a football club these days.
 

virgo

Geoff Thomas
Still bitter memories of the summer of 1998. It could be a decent season with PVH, Campbell, Cooper and Wim Jonk (we should have sign him after World Cup). Dave Bassett was good manager. Our Dougie was signed as replacement of PVH and Big Kev. Impossible job...
That consortium, Bridgford Group, almost destroyed the club.
Forever on BLACK LIST: Phil Soar, Irving Scholar, Nigel Wray. Where are they now?
BTW it is fair to say Soar - only Forest fan of that trio - has written nice book about Forest (published in 1998). I wonder what would he say today. Does he feel some guilty conscience?

I know Phil Soar personally, and he was something of a pawn in the whole game. He is still a huge Forest fan (he was born in Bilborough and has been a Forest fan all his life). Scholar and Wray were the real bad guys of the whole piece, and if Phil Soar had been better supported, he would have ousted them.
 

Strummer

Socialismo O Muerte!
LTLF Minion
Nigel Wray, especially, was only interested in money he could make out of Forest to prop up Saracens Rugby Club, his other venture.

He was nothing more than an asset-stripper.
 

FBS

Steve Chettle
I would love to hear from these people now about what was going on during those times.
 

Calvin Plummer

Viv Anderson
Stick Larry Lloyd on the list along with another 180 or so greedy self-serving twats who sold the club down the river and betrayed their responsibilities.
 

Calvin Plummer

Viv Anderson
I don't think so. What's your evidence for this?

I'll give you a potted history:

Firstly the structure of the club prior to the takeover - we had 209 shareholders who owned the club, when a position became vacant people were nominated and if approved paid £1 for the privilege of owning us.*

By 96 we'd been relegated and were largely living off a 15m overdraft, when an add appeared in the FT offering "A unique opportunity for investors to assist the club in implementing its plans for the next millennium". There were two rival groups*(I'm going to try not to muddy the water with Bovey, Lewis etc) that headed by Anderson and another by fronted by Scholar and Soar and later Wray. Each needed 75% of the members to vote for them for there to be a change in the ownership structure.*

Anderson tried to win, Scholar simply tried to block Anderson until he gave up. Anderson had the fans backing, Scholar didn't care and just worked on the shareholders. Scholar wined and dined the shareholders, Anderson had Price Waterhouse on his side who recommended the shareholders accept his bid.*

Wray and Scholar had excellent media links*(Mail, Express and Sun) - I can remember the sun portraying Wray as a saving hero and Anderson as a disgruntled Scot, and a rangers fan who never made it as a player.*

Anderson offered: 13m in cash instantly for players with more to follow. In return, they wanted to set up a board of paid directors initially working in tandem with the current board, with the club being floated on the stock market in two to five years’ time. They estimated that the current £1 shares will be worth around £34,500 each. They also guaranteed that the club will not move ground or change the colour of the home shirts, and that at least 89% of all transfer money received will be reinvested in players within a year.*

Scholar on the other hand said 'screw this waiting business, here is 17k right now'.*

It should be noted that was against the constitution of the club; Clause 6 of the ‘Articles and Associations of Nottingham Forest Football Club’ reads as follows: “No consideration of any kind shall be paid or given for or in respect of the transfer of any share in the capital of the Company.” Still for 17k you can vote to overturn the constitution.*

So those brave shareholders including*Larry*our forest legend took the money and ran.*

Down we went that year but in their infinite wisdom Scholar and co raised season ticket prices by about 30% and we went from 18.5k season ticket holders to 12k. Scholar was then advised against floating the club but promised it would raise us*(him) 20m - instead it raised 1.8m. Then that consortium started to fall apart.*

Wray resigned as chairman and in came Barnes who promised to put the Nottingham back in Nottingham Forest. He invited ND*(who was part of the Anderson bid) to effectively rescue us from the carpet bagging*(a judges words not mine) consortium of Scholar et all. He agreed to put 12m in initially but wanted controlling interest - not so much for himself but to get rid of the previous consortium who were destroying out club and syphoning out money. Each time you see Saracens win a trophy know that our club paid for that. Scholar and Markham resigned from the board but attempted to block the investment.*

They could stop ND investing in the PLC as this required 75% approval but they couldn't stop him investing in the football club which only required 51% approval.*

Scholar and Mark*ham filed suit, claim*ing the in*vestment was in contravention of company law and prejudicial to them. They demanded that the club be forced to repay the money, which would effectively bankrupt Forest.*

During the trial, several startling revelations highlighted just how bitterly divided the board of directors had become. Julian Mark*ham testified that he had secretly bugged board meetings out of fear that other directors were plotting against him. Markham droned on for hours about his in*tense dislike of Phil Soar. Mr Justice Hart, presiding, considered all of this irrelevant to the issue.*

In a remarkable turnaround towards the end of the case, the litigants withdrew their de*mands for repayment of Doughty’s investment, acknowledging the damage it would do to the club, and instead sought compensation by forcing the individual directors to buy their shares. Their case was dismissed. The judg*ment in favour of upholding the Doughty investment and dismissing all the litigants’ claims*(as well as awarding costs of up to £3 million to the club) was just reward for the fans and shareholders who had long tired of speculative investors reaping personal glory and profit at the expense of the welfare of the club.*


So yes those initial shareholders who took the money should take a long hard look at themselves and their greed has caused us 15+ years of pain and nearly cost us our club entirely.
 

Joe Baker's Dog

Grenville Morris
I'll give you a potted history:

Firstly the structure of the club prior to the takeover - we had 209 shareholders who owned the club, when a position became vacant people were nominated and if approved paid £1 for the privilege of owning us.*

By 96 we'd been relegated and were largely living off a 15m overdraft, when an add appeared in the FT offering "A unique opportunity for investors to assist the club in implementing its plans for the next millennium". There were two rival groups*(I'm going to try not to muddy the water with Bovey, Lewis etc) that headed by Anderson and another by fronted by Scholar and Soar and later Wray. Each needed 75% of the members to vote for them for there to be a change in the ownership structure.*

Anderson tried to win, Scholar simply tried to block Anderson until he gave up. Anderson had the fans backing, Scholar didn't care and just worked on the shareholders. Scholar wined and dined the shareholders, Anderson had Price Waterhouse on his side who recommended the shareholders accept his bid.*

Wray and Scholar had excellent media links*(Mail, Express and Sun) - I can remember the sun portraying Wray as a saving hero and Anderson as a disgruntled Scot, and a rangers fan who never made it as a player.*

Anderson offered: 13m in cash instantly for players with more to follow. In return, they wanted to set up a board of paid directors initially working in tandem with the current board, with the club being floated on the stock market in two to five years’ time. They estimated that the current £1 shares will be worth around £34,500 each. They also guaranteed that the club will not move ground or change the colour of the home shirts, and that at least 89% of all transfer money received will be reinvested in players within a year.*

Scholar on the other hand said 'screw this waiting business, here is 17k right now'.*

It should be noted that was against the constitution of the club; Clause 6 of the ‘Articles and Associations of Nottingham Forest Football Club’ reads as follows: “No consideration of any kind shall be paid or given for or in respect of the transfer of any share in the capital of the Company.” Still for 17k you can vote to overturn the constitution.*

So those brave shareholders including*Larry*our forest legend took the money and ran.*

Down we went that year but in their infinite wisdom Scholar and co raised season ticket prices by about 30% and we went from 18.5k season ticket holders to 12k. Scholar was then advised against floating the club but promised it would raise us*(him) 20m - instead it raised 1.8m. Then that consortium started to fall apart.*

Wray resigned as chairman and in came Barnes who promised to put the Nottingham back in Nottingham Forest. He invited ND*(who was part of the Anderson bid) to effectively rescue us from the carpet bagging*(a judges words not mine) consortium of Scholar et all. He agreed to put 12m in initially but wanted controlling interest - not so much for himself but to get rid of the previous consortium who were destroying out club and syphoning out money. Each time you see Saracens win a trophy know that our club paid for that. Scholar and Markham resigned from the board but attempted to block the investment.*

They could stop ND investing in the PLC as this required 75% approval but they couldn't stop him investing in the football club which only required 51% approval.*

Scholar and Mark*ham filed suit, claim*ing the in*vestment was in contravention of company law and prejudicial to them. They demanded that the club be forced to repay the money, which would effectively bankrupt Forest.*

During the trial, several startling revelations highlighted just how bitterly divided the board of directors had become. Julian Mark*ham testified that he had secretly bugged board meetings out of fear that other directors were plotting against him. Markham droned on for hours about his in*tense dislike of Phil Soar. Mr Justice Hart, presiding, considered all of this irrelevant to the issue.*

In a remarkable turnaround towards the end of the case, the litigants withdrew their de*mands for repayment of Doughty’s investment, acknowledging the damage it would do to the club, and instead sought compensation by forcing the individual directors to buy their shares. Their case was dismissed. The judg*ment in favour of upholding the Doughty investment and dismissing all the litigants’ claims*(as well as awarding costs of up to £3 million to the club) was just reward for the fans and shareholders who had long tired of speculative investors reaping personal glory and profit at the expense of the welfare of the club.*


So yes those initial shareholders who took the money should take a long hard look at themselves and their greed has caused us 15+ years of pain and nearly cost us our club entirely.

Excellent and accurate. I bought shares when Forest was floated and as you say it brought in very little. When Doughty bought the club all of our shares became worthless. But given how much he put in that was a small price to pay. The original 209 shareholders should look at themselves in the mirror every day and say "I contributed to the shambles we became."

Colin Cooper was on Radio Nottingham recently and said Bassett forced him out. He was happy to go to Boro but did not ask for a move.
 

Barry

Where's me hammer?
I'll give you a potted history:

Firstly the structure of the club prior to the takeover - we had 209 shareholders who owned the club, when a position became vacant people were nominated and if approved paid £1 for the privilege of owning us.*

By 96 we'd been relegated and were largely living off a 15m overdraft, when an add appeared in the FT offering "A unique opportunity for investors to assist the club in implementing its plans for the next millennium". There were two rival groups*(I'm going to try not to muddy the water with Bovey, Lewis etc) that headed by Anderson and another by fronted by Scholar and Soar and later Wray. Each needed 75% of the members to vote for them for there to be a change in the ownership structure.*

Anderson tried to win, Scholar simply tried to block Anderson until he gave up. Anderson had the fans backing, Scholar didn't care and just worked on the shareholders. Scholar wined and dined the shareholders, Anderson had Price Waterhouse on his side who recommended the shareholders accept his bid.*

Wray and Scholar had excellent media links*(Mail, Express and Sun) - I can remember the sun portraying Wray as a saving hero and Anderson as a disgruntled Scot, and a rangers fan who never made it as a player.*

Anderson offered: 13m in cash instantly for players with more to follow. In return, they wanted to set up a board of paid directors initially working in tandem with the current board, with the club being floated on the stock market in two to five years’ time. They estimated that the current £1 shares will be worth around £34,500 each. They also guaranteed that the club will not move ground or change the colour of the home shirts, and that at least 89% of all transfer money received will be reinvested in players within a year.*

Scholar on the other hand said 'screw this waiting business, here is 17k right now'.*

It should be noted that was against the constitution of the club; Clause 6 of the ‘Articles and Associations of Nottingham Forest Football Club’ reads as follows: “No consideration of any kind shall be paid or given for or in respect of the transfer of any share in the capital of the Company.” Still for 17k you can vote to overturn the constitution.*

So those brave shareholders including*Larry*our forest legend took the money and ran.*

Down we went that year but in their infinite wisdom Scholar and co raised season ticket prices by about 30% and we went from 18.5k season ticket holders to 12k. Scholar was then advised against floating the club but promised it would raise us*(him) 20m - instead it raised 1.8m. Then that consortium started to fall apart.*

Wray resigned as chairman and in came Barnes who promised to put the Nottingham back in Nottingham Forest. He invited ND*(who was part of the Anderson bid) to effectively rescue us from the carpet bagging*(a judges words not mine) consortium of Scholar et all. He agreed to put 12m in initially but wanted controlling interest - not so much for himself but to get rid of the previous consortium who were destroying out club and syphoning out money. Each time you see Saracens win a trophy know that our club paid for that. Scholar and Markham resigned from the board but attempted to block the investment.*

They could stop ND investing in the PLC as this required 75% approval but they couldn't stop him investing in the football club which only required 51% approval.*

Scholar and Mark*ham filed suit, claim*ing the in*vestment was in contravention of company law and prejudicial to them. They demanded that the club be forced to repay the money, which would effectively bankrupt Forest.*

During the trial, several startling revelations highlighted just how bitterly divided the board of directors had become. Julian Mark*ham testified that he had secretly bugged board meetings out of fear that other directors were plotting against him. Markham droned on for hours about his in*tense dislike of Phil Soar. Mr Justice Hart, presiding, considered all of this irrelevant to the issue.*

In a remarkable turnaround towards the end of the case, the litigants withdrew their de*mands for repayment of Doughty’s investment, acknowledging the damage it would do to the club, and instead sought compensation by forcing the individual directors to buy their shares. Their case was dismissed. The judg*ment in favour of upholding the Doughty investment and dismissing all the litigants’ claims*(as well as awarding costs of up to £3 million to the club) was just reward for the fans and shareholders who had long tired of speculative investors reaping personal glory and profit at the expense of the welfare of the club.*


So yes those initial shareholders who took the money should take a long hard look at themselves and their greed has caused us 15+ years of pain and nearly cost us our club entirely.

Thats a good post.
 

Frank Clark’s Tash

Jack Burkitt
Colin Cooper was on Radio Nottingham recently and said Bassett forced him out. He was happy to go to Boro but did not ask for a move.


Hmmm, I'd be interested to hear Bassett's take on the Cooper transfer. Seems odd that after so many years Cooper would suddenly come out and say he was forced out as opposed to wanting to go, and thus helping seal out fate.

Though on reflection who needed Colin Cooper when we had the Croatian maestro Nikola Jerkan...
 
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incapable hulk

Best served cold
I'll give you a potted history:

Firstly the structure of the club prior to the takeover - we had 209 shareholders who owned the club, when a position became vacant people were nominated and if approved paid £1 for the privilege of owning us.*

By 96 we'd been relegated and were largely living off a 15m overdraft, when an add appeared in the FT offering "A unique opportunity for investors to assist the club in implementing its plans for the next millennium". There were two rival groups*(I'm going to try not to muddy the water with Bovey, Lewis etc) that headed by Anderson and another by fronted by Scholar and Soar and later Wray. Each needed 75% of the members to vote for them for there to be a change in the ownership structure.*

Anderson tried to win, Scholar simply tried to block Anderson until he gave up. Anderson had the fans backing, Scholar didn't care and just worked on the shareholders. Scholar wined and dined the shareholders, Anderson had Price Waterhouse on his side who recommended the shareholders accept his bid.*

Wray and Scholar had excellent media links*(Mail, Express and Sun) - I can remember the sun portraying Wray as a saving hero and Anderson as a disgruntled Scot, and a rangers fan who never made it as a player.*

Anderson offered: 13m in cash instantly for players with more to follow. In return, they wanted to set up a board of paid directors initially working in tandem with the current board, with the club being floated on the stock market in two to five years’ time. They estimated that the current £1 shares will be worth around £34,500 each. They also guaranteed that the club will not move ground or change the colour of the home shirts, and that at least 89% of all transfer money received will be reinvested in players within a year.*

Scholar on the other hand said 'screw this waiting business, here is 17k right now'.*

It should be noted that was against the constitution of the club; Clause 6 of the ‘Articles and Associations of Nottingham Forest Football Club’ reads as follows: “No consideration of any kind shall be paid or given for or in respect of the transfer of any share in the capital of the Company.” Still for 17k you can vote to overturn the constitution.*

So those brave shareholders including*Larry*our forest legend took the money and ran.*

Down we went that year but in their infinite wisdom Scholar and co raised season ticket prices by about 30% and we went from 18.5k season ticket holders to 12k. Scholar was then advised against floating the club but promised it would raise us*(him) 20m - instead it raised 1.8m. Then that consortium started to fall apart.*

Wray resigned as chairman and in came Barnes who promised to put the Nottingham back in Nottingham Forest. He invited ND*(who was part of the Anderson bid) to effectively rescue us from the carpet bagging*(a judges words not mine) consortium of Scholar et all. He agreed to put 12m in initially but wanted controlling interest - not so much for himself but to get rid of the previous consortium who were destroying out club and syphoning out money. Each time you see Saracens win a trophy know that our club paid for that. Scholar and Markham resigned from the board but attempted to block the investment.*

They could stop ND investing in the PLC as this required 75% approval but they couldn't stop him investing in the football club which only required 51% approval.*

Scholar and Mark*ham filed suit, claim*ing the in*vestment was in contravention of company law and prejudicial to them. They demanded that the club be forced to repay the money, which would effectively bankrupt Forest.*

During the trial, several startling revelations highlighted just how bitterly divided the board of directors had become. Julian Mark*ham testified that he had secretly bugged board meetings out of fear that other directors were plotting against him. Markham droned on for hours about his in*tense dislike of Phil Soar. Mr Justice Hart, presiding, considered all of this irrelevant to the issue.*

In a remarkable turnaround towards the end of the case, the litigants withdrew their de*mands for repayment of Doughty’s investment, acknowledging the damage it would do to the club, and instead sought compensation by forcing the individual directors to buy their shares. Their case was dismissed. The judg*ment in favour of upholding the Doughty investment and dismissing all the litigants’ claims*(as well as awarding costs of up to £3 million to the club) was just reward for the fans and shareholders who had long tired of speculative investors reaping personal glory and profit at the expense of the welfare of the club.*


So yes those initial shareholders who took the money should take a long hard look at themselves and their greed has caused us 15+ years of pain and nearly cost us our club entirely.

Fantastic post.

What a horrendous time that was for our club.
 

Otis Redding

Try A Little Tenderness
I'll give you a potted history:
Firstly the structure of the club prior to the takeover - we had 209 shareholders who owned the club, when a position became vacant people were nominated and if approved paid £1 for the privilege of owning us.*
By 96 we'd been relegated and were largely living off a 15m overdraft, when an add appeared in the FT offering "A unique opportunity for investors to assist the club in implementing its plans for the next millennium". There were two rival groups*(I'm going to try not to muddy the water with Bovey, Lewis etc) that headed by Anderson and another by fronted by Scholar and Soar and later Wray. Each needed 75% of the members to vote for them for there to be a change in the ownership structure.*
Anderson tried to win, Scholar simply tried to block Anderson until he gave up. Anderson had the fans backing, Scholar didn't care and just worked on the shareholders. Scholar wined and dined the shareholders, Anderson had Price Waterhouse on his side who recommended the shareholders accept his bid.*
Wray and Scholar had excellent media links*(Mail, Express and Sun) - I can remember the sun portraying Wray as a saving hero and Anderson as a disgruntled Scot, and a rangers fan who never made it as a player.*
Anderson offered: 13m in cash instantly for players with more to follow. In return, they wanted to set up a board of paid directors initially working in tandem with the current board, with the club being floated on the stock market in two to five years’ time. They estimated that the current £1 shares will be worth around £34,500 each. They also guaranteed that the club will not move ground or change the colour of the home shirts, and that at least 89% of all transfer money received will be reinvested in players within a year.*
Scholar on the other hand said 'screw this waiting business, here is 17k right now'.*
It should be noted that was against the constitution of the club; Clause 6 of the ‘Articles and Associations of Nottingham Forest Football Club’ reads as follows: “No consideration of any kind shall be paid or given for or in respect of the transfer of any share in the capital of the Company.” Still for 17k you can vote to overturn the constitution.*
So those brave shareholders including*Larry*our forest legend took the money and ran.*
Down we went that year but in their infinite wisdom Scholar and co raised season ticket prices by about 30% and we went from 18.5k season ticket holders to 12k. Scholar was then advised against floating the club but promised it would raise us*(him) 20m - instead it raised 1.8m. Then that consortium started to fall apart.*
Wray resigned as chairman and in came Barnes who promised to put the Nottingham back in Nottingham Forest. He invited ND*(who was part of the Anderson bid) to effectively rescue us from the carpet bagging*(a judges words not mine) consortium of Scholar et all. He agreed to put 12m in initially but wanted controlling interest - not so much for himself but to get rid of the previous consortium who were destroying out club and syphoning out money. Each time you see Saracens win a trophy know that our club paid for that. Scholar and Markham resigned from the board but attempted to block the investment.*
They could stop ND investing in the PLC as this required 75% approval but they couldn't stop him investing in the football club which only required 51% approval.*
Scholar and Mark*ham filed suit, claim*ing the in*vestment was in contravention of company law and prejudicial to them. They demanded that the club be forced to repay the money, which would effectively bankrupt Forest.*
During the trial, several startling revelations highlighted just how bitterly divided the board of directors had become. Julian Mark*ham testified that he had secretly bugged board meetings out of fear that other directors were plotting against him. Markham droned on for hours about his in*tense dislike of Phil Soar. Mr Justice Hart, presiding, considered all of this irrelevant to the issue.*
In a remarkable turnaround towards the end of the case, the litigants withdrew their de*mands for repayment of Doughty’s investment, acknowledging the damage it would do to the club, and instead sought compensation by forcing the individual directors to buy their shares. Their case was dismissed. The judg*ment in favour of upholding the Doughty investment and dismissing all the litigants’ claims*(as well as awarding costs of up to £3 million to the club) was just reward for the fans and shareholders who had long tired of speculative investors reaping personal glory and profit at the expense of the welfare of the club.*
So yes those initial shareholders who took the money should take a long hard look at themselves and their greed has caused us 15+ years of pain and nearly cost us our club entirely.

Excellent summery of the whole shameful affair Calvin.

As you also rightly implied earlier, the significant role a certain ex-Forest centre-half played in 'persuading' some otherwise reluctant members to accept the Bridgeford (sic) Consortium's offer shouldn't be overlooked.
 

Strummer

Socialismo O Muerte!
LTLF Minion
Like Joe Baker's Dog over the page, I too invested when the club floated, only for those shares to become essentially worthless.

For me though, the safety of the club was more important even though the whole affair still leaves a sour taste, even now!
 
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