Takeover complete?

Blue_and_Gold · August 27, 2025, 05:34:23 PM

Stephen Cleeve is no longer a Person with Significant Control (PSC) at the Club.

Bal Srai is now registered as a PSC at the Club. I can't see Jo mentioned there, which I understand he should be.

This doesn't mean that the takeover is complete but a Trust Director has apparently said previously that Bal was waiting for everything to go through before registering as a PSC.

Blue_and_Gold · August 28, 2025, 03:07:38 PM

Following on from yesterday, as of today Stephen Cleeve is no longer a Director of the Club.

Mallard · August 28, 2025, 03:57:29 PM

Tomorrow Jo, Bal and a Trust Board member ( as a representative) added as new Directors ?

MARCUS ROSE · August 28, 2025, 04:07:07 PM

Quote from: Mallard on August 28, 2025, 03:57:29 PM
Tomorrow Jo, Bal and a Trust Board member ( as a representative) added as new Directors ?

Mallard & Blue & Gold should be on that list. With their intelligence networks, they would be invaluable to the running of the Club

Blue_and_Gold · August 28, 2025, 04:21:52 PM

Quote from: MARCUS ROSE on August 28, 2025, 04:07:07 PM
Quote from: Mallard on August 28, 2025, 03:57:29 PM
Tomorrow Jo, Bal and a Trust Board member ( as a representative) added as new Directors ?

Mallard & Blue & Gold should be on that list. With their intelligence networks, they would be invaluable to the running of the Club

Club have got the Trust now (in more ways than one), so they don't need any help in that area.

It's the age of the internet and super fast communication. You don't need Networks these days, you just need to know where to look (or play golf).

Mallard · August 28, 2025, 04:31:44 PM

Quote from: MARCUS ROSE on August 28, 2025, 04:07:07 PM
Quote from: Mallard on August 28, 2025, 03:57:29 PM
Tomorrow Jo, Bal and a Trust Board member ( as a representative) added as new Directors ?

Mallard & Blue & Gold should be on that list. With their intelligence networks, they would be invaluable to the running of the Club

Why would I be on any list Marcus ?? Strange comment

Birc1959 · August 29, 2025, 07:14:22 AM

Fc of Manchester must have a free week mallard..

Blue_and_Gold · August 29, 2025, 11:37:00 AM

Quote from: Mallard on August 28, 2025, 03:57:29 PM
Tomorrow Jo, Bal and a Trust Board member ( as a representative) added as new Directors ?

They need to get it done quick! Just having a CEO in place won't cut it, even if he has a POA in place.

What I can't understand is if they knew Cleeve was going to resign, why they hadn't already appointed a new Director.

Surely they could have done this weeks ago. If there's a logical explanation as to why they haven't already done this, I can't think of one.

Veratis · August 29, 2025, 04:35:08 PM

I assume b and gold we can now agree that Cleeve has finally and legally left the building which some people had a problem accepting
Whilst people have differing views about the takeover saga the final outcome followed the information that came from the club/trust.
It's a shame that anyone with different views to your own can be blocked in your capacity as a moderator which seems a bit controlling.
However I'm sure your pursuit of your truth must not be spoilt by the facts.

Blue_and_Gold · August 29, 2025, 05:00:57 PM

Quote from: Veratis on August 29, 2025, 04:35:08 PM
I assume b and gold we can now agree that Cleeve has finally and legally left the building which some people had a problem accepting
Whilst people have differing views about the takeover saga the final outcome followed the information that came from the club/trust.
It's a shame that anyone with different views to your own can be blocked in your capacity as a moderator which seems a bit controlling.
However I'm sure your pursuit of your truth must not be spoilt by the facts.

What final outcome? Has there been one?

And please inform us all with your infinite wisdom, what/who has been blocked?

I've just checked the logs, and there's been nothing removed/blocked for over a month, and that wasn't a post that you had any involvement with! Nobody has been blocked either!

You seem to be making things up to suit your own narrative. I remember another forum user that used to do that on a regular basis!

Presumably you understand that there's more than one person with administration rights on this forum?

And no, it doesn't mean that the takeover "saga" has completed. That's unless you know something that we don't know. If so, please share with your fellow supporters. At the moment Companies House is showing that the Shares in the Club still belong to Blue and Gold Holdings Ltd (i.e Mr and Mrs Cleeve), as does the Club website (if that needs updating, have a word with them will you please?).

Clubs website:

Ownership:

Lynn F.C. Ltd is 100% owned by Blue and Gold Holdings Ltd, company Reg No 07102863.

The shares in Blue and Gold Holdings Ltd are owned 67% by Stephen Cleeve and 33% by Polina Cleeve.

And at the moment, Companies House is showing that Cleeve resigned as a Director yesterday (not as the Owner), and the Club currently has no Directors (unless Companies House have not updated the Clubs details yet).

Its showing Srai as a person with PSC, but that's not the same as being a Director (irrespective of him having a POA).

The Club, being a Limited Company, legally requires at least one Director.

Of course, if the Club communicated with their paying supporters there would be no reason for people to ask questions, or in your case, make assumptions.

Linnet · August 29, 2025, 05:23:58 PM

No, there isn't a formal "period of grace" for a limited company to operate without a director; a company must have at least one director to remain legally compliant. While a company might temporarily operate without one, Companies House can and will eventually strike off a company that lacks a director, a process which can complicate the management of company assets. Shareholders need to act quickly to appoint a new director to avoid potentially severe consequences for the business.

Quote from Companies House Lets hope its just a delay B&G

Mallard · August 29, 2025, 06:59:18 PM

Vera would you like custard or cream with that humble pie you have been served there..

?

Blue_and_Gold · August 29, 2025, 08:13:08 PM

Quote from: Linnet on August 29, 2025, 05:23:58 PM
No, there isn't a formal "period of grace" for a limited company to operate without a director; a company must have at least one director to remain legally compliant. While a company might temporarily operate without one, Companies House can and will eventually strike off a company that lacks a director, a process which can complicate the management of company assets. Shareholders need to act quickly to appoint a new director to avoid potentially severe consequences for the business.

Quote from Companies House Lets hope its just a delay B&G

In all fairness, I suspect that it's Companies House not updated things yet (

). Although in my experience, they are usually very quick with such matters. For example, Cleeve resigning was updated within 24 hours of it being submitted.

The thing I find strange is why the Club hasn't appointed a Director already. They know they have one and surely must know who it's going to be by now (

). There's really no reason for them not to have done this already, maybe even weeks ago. They didn't have to wait for Cleeve to resign.

Maybe Cleeve just resigned his Directorship without telling them. If he's got no real financial involvement in the Club, he could have just done this and caught the Club on the hop.

Veratis · August 30, 2025, 12:11:02 PM

Whatever is happening im confident that everything is being handled in a calm and professional manner by the new owners and there representative. Upto now they have dealt with the fallout of the chaotic legacy of Cleeve both on and off the field without any drama.
We have an exciting squad and manager and by this time next week a new director so nothing to panic about. It seems that certain people love to drop onto a subject and create a problem before it exists.
Calm and steady not knee-jerk conspiracy, let's get behind the team today there are some very young lads out there and they deserve our support

Blue_and_Gold · August 30, 2025, 03:26:19 PM

Quote from: Veratis on August 30, 2025, 12:11:02 PM
Whatever is happening im confident that everything is being handled in a calm and professional manner by the new owners and there representative. Upto now they have dealt with the fallout of the chaotic legacy of Cleeve both on and off the field without any drama.
We have an exciting squad and manager and by this time next week a new director so nothing to panic about. It seems that certain people love to drop onto a subject and create a problem before it exists.
Calm and steady not knee-jerk conspiracy, let's get behind the team today there are some very young lads out there and they deserve our support

It wasn't that long ago that you were firmly behind Cleeve.

I think you must be part of a club conspiracy to try and discredit any supporters who have got a mind of thier own. 😂 ! Conspiracy is your inaccurate description. Although some may not like it, or appreciate things being pointed out to the Lynn Supporters, everything that has been said is 100% accurate and can be backed up if required.

By the way, keep up. The Conspiracy theory angle has already been used by The Trust

Knee jerk response? Physician health thyself!

Quote from: Veratis on August 30, 2025, 12:11:02 PM
........It seems that certain people love to drop onto a subject and create a problem before it exists.

Surely you mean some people try to identify potential problems before they exists.

I think you will find that's called preventive management. Recommended for all good business's.

New Director next week ? Can we ask where your source is for that information or is it just a random guess? Has the Press bulletin already been compiled and is ready to go?