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I saw that, it was debunked
I saw that, it was debunked
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Donna Cullen gone...first of the changes?
- Thread starter thfcsteff
- Start date
thfcsteff
Vivian Woodward
Got it. By who out of interest?
Was trying to find the thread - will post when I do.
Edit : essentially it amounts to someone saying that Lewis' daughter has little if any involvement and that the hotel is not on hold (as per what was also described in the same WhatsApp screenshot where the rumour originated)
Can file this under uncorroborated rumour vs uncorroborated debunking I guess
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And also out of interest, who said she actively dislikes Levy?
Bit harsh. She was a beautiful woman but i believe an illness or accident left her disfigured.
Muttley
Tim Sherwood
Personally, I find it all confusing. When googling Lewis I see a family trust and a charitable trust. I see his daughter as a trustee but have no clue who are the beneficiaries. That's quite an important detail in these matters. I also saw that the trust had 2 trustees but 2 other people who were overseers on THFC, implying that we are indeed a beneficiary. Interestingly, his son Charles isn't mentioned anywhere in the trust model.
So this is a Stupid Wild Arsed Guess (SWAG) but I believe Lewis does have THFC in his heart and made us one of the beneficiaries of his family trust. Whether that sits well with the daughter, who knows. I don't think the model changes. We will still run to a balance sheet and P&L, and it is unlikely we'll see an injection of money from the Lewis's any time soon. More likely we'll see these smaller investors. A new shaped board will just be built around this model.
So this is a Stupid Wild Arsed Guess (SWAG) but I believe Lewis does have THFC in his heart and made us one of the beneficiaries of his family trust. Whether that sits well with the daughter, who knows. I don't think the model changes. We will still run to a balance sheet and P&L, and it is unlikely we'll see an injection of money from the Lewis's any time soon. More likely we'll see these smaller investors. A new shaped board will just be built around this model.
thfcsteff
Vivian Woodward
I did say it was a rumour 'floating in the undergrowth'. Not my rumour. Not my sourcing.
thfcsteff
Vivian Woodward
Indeed. I mean, it's all so windy and weird. I had to laugh that the usual 'ITK's had absolutely no clue of the Donna Cullen news...
glasgowspur
Chris Jones
The one change that has happened no one knew about.
All the changes they did "know" about haven't happened.
Ange sacking was imminent on Saturday night, by levy, now levy is leaving.
Why would levy be allowed to sack a manager as he leaves?
Who would allow that?
It's not as if levy has woke up yesterday morning and decided he's off and everything is in place.
It's all nothing but bolloks in my humble opinion.
Someone has jumped on DC leaving and run with it for clicks.
Glenda's Legs
Ian Walker
Haha. That's a good point. Not a whisper about Cullen. Then a day of ITK it's carnage' behind the scenes; Levy is stepping back/leaving/being forced out; new owners from Qatar/Oman/anywhere else; new investment (not sale) incoming; tribulations between Levy and Lewis's daughter; Levy and Vinai have falllen out over Ange; Ange is staying; Ange is sacked; Ange is on holiday; Ange has been summoned back;
And with the kit launch today, don't expect any other kind of annoucement from the club, so another day of speculation and rubbish.
Gutter Boy
Tim Sherwood
The hotel cant be on hold (well not for long anyway). We're contractually obliged to have it ready for Euro 28 as part of being awarded games.
Mikey10
Chris Perry
Given his age, it’s going to happen sooner rather than later, so you best start preparing.
HarryBreadbap
Rohan Ricketts
Venkatesham just warming up.
Lot's more to go.
Lot's more to go.
Erm he doesn't start work till next week.
metalgear
Colin Calderwood
officially
What do we know
- THFC was transferred "away" from Lewis (and whatever concerns were aligned to him) into a Trust, that yes, has two of Lewis's family. Some years ago.
- Levy has been Chairman/CEO/Significant stakeholder in THFC for the full period of time
- All indications are both Lewis and family both trust him (he's added to their asset amazingly) and don't particularly have an active interest in club. This is backed up by Levy (been reported) has gone to Lewis multiple times over the years for cash injections and for all but one has been told no.
Currently
- New CEO starting with what looks like a continuation of Levy adding more people and more separation of duty (building on Munn/Lange type appointments). Levy himself would have made this appointment
- Cullen and possibly a couple other long term players stepping down
- Several ongoing talks about external investors.
Honestly think (internet reporting) someone heard a couple of board members changing, new CEO incoming and made up a nothing story for click bait.
Muttley
Tim Sherwood
Yep, from memory Collecott was dual rolling between ENIC and THFC. He had fiduciary responsibilities against both areas. I could see him remaining at the ENIC level and not at the THFC level moving forward. With ENIC divesting their other businesses/clubs, perhaps we could be about to see them invest in new areas and keep people like Collecott busy on other things.
superspurs
Vedran Corluka
Crazy how much negativity there was/is surrounding Cullen, some of the crap you see on Social Media about her stepping down and how happy some seem with it... "ding dong the witch is dead".
Generally we have absolutely no idea what goes on day to day inside the club, what certain people influence, what they don't - it's mental how unfounded rumours fuel so much gonads in our fanbase.
Generally we have absolutely no idea what goes on day to day inside the club, what certain people influence, what they don't - it's mental how unfounded rumours fuel so much gonads in our fanbase.
Same as Levy is basically a caricature villain at this point