• Dear Guest, Please note that adult content is not permitted on this forum. We have had our Google ads disabled at times due to some posts that were found from some time ago. Please do not post adult content and if you see any already on the forum, please report the post so that we can deal with it. Adult content is allowed in the glory hole - you will have to request permission to access it. Thanks, scara

Peter Charrington - New Chairman

He's now Non-Executive Director - so that means he remains more of a background figure? (I mean background in terms of visibility, not in terms of influence, obviously). With Vinai now being our face of the club?
That's right he will be in the background not even an actual employee according to a google search and as you say Vinae the man making all the decisions now with financial advice from Collecott.

Non-executive directors (NEDs) are not employees of the company; they are independent advisors and supervisors who provide strategic advice and oversight to the board rather than being involved in the day-to-day operations
 
This is the interesting piece

"He is also a senior partner at Nexus Luxury, a company that runs the Albany resort in the Bahamas. That resort is co-owned by Tavistock Group, which is former ENIC majority owner Joe Lewis’ investment portfolio."

I'm guessing he is well known face to our owners.

Could it be that Peter is also a Spurs fan?
It might be complete coincidence, but Mitchell & Butler (Tavistock's pub company) bought out Charrington Brewery from the Charrington family. So Peter might be a nepo-baby from that merger?
 
It might be complete coincidence, but Mitchell & Butler (Tavistock's pub company) bought out Charrington Brewery from the Charrington family. So Peter might be a nepo-baby from that merger?

Yep, Charrington probably has a charter bigger than just running the club would be my gut feeling.
 
That's right he will be in the background not even an actual employee according to a google search and as you say Vinae the man making all the decisions now with financial advice from Collecott.

Non-executive directors (NEDs) are not employees of the company; they are independent advisors and supervisors who provide strategic advice and oversight to the board rather than being involved in the day-to-day operations
And yet he is still the chairman, which means all the executives are subservient to him. In practice, he won't be involved in operational issues but his antennae should be twitching if things start to go wrong.
 
And yet he is still the chairman, which means all the executives are subservient to him. In practice, he won't be involved in operational issues but his antennae should be twitching if things start to go wrong.
Have to see if he turns up for games in person or does he operate from The Bahamas and have video meetings with the other board members . As CEO Vinae will be running the club day to day expect we will see more of him than Charrington.
 
Hope Charrington has time for us , list of his appointments from The Standard.

He is also a senior partner at Nexus Luxury, a company that runs the Albany resort in the Bahamas. That resort is co-owned by Tavistock Group, which is former ENIC majority owner Joe Lewis’ investment portfolio.

Additionally, Charrington is a senior advisor to One Equity Partners and is a board member at engineering companies Amey and Acteon, wealth management group Avaloq AG, investment group Saranac Partners. He is also a senior advisor to UST Global, a digital technology company.
 
Hope Charrington has time for us , list of his appointments from The Standard.

He is also a senior partner at Nexus Luxury, a company that runs the Albany resort in the Bahamas. That resort is co-owned by Tavistock Group, which is former ENIC majority owner Joe Lewis’ investment portfolio.

Additionally, Charrington is a senior advisor to One Equity Partners and is a board member at engineering companies Amey and Acteon, wealth management group Avaloq AG, investment group Saranac Partners. He is also a senior advisor to UST Global, a digital technology company.
That’s the thing with Non Execs - they tend to have several of those roles.
 
Hope Charrington has time for us , list of his appointments from The Standard.

He is also a senior partner at Nexus Luxury, a company that runs the Albany resort in the Bahamas. That resort is co-owned by Tavistock Group, which is former ENIC majority owner Joe Lewis’ investment portfolio.

Additionally, Charrington is a senior advisor to One Equity Partners and is a board member at engineering companies Amey and Acteon, wealth management group Avaloq AG, investment group Saranac Partners. He is also a senior advisor to UST Global, a digital technology company.

Sounds like he needs to get a life and buy some golf clubs :)
 
Not worked much with Citi group I see, traditional banking has no claim to be well run or strategic thinking.

Can't wait to be explained how he is a football guy and Levy wasn't
Well in fairness he’s not running the show, Vinai is, and Vinai has football credibility from his time at Woolwich and general sporting pedigree from his time with British Athletics, although I don’t know exactly what that involved.
But I still think it’s all geared towards either a sale or a significant third party investment. Charrington’s long experience in Wealth Management would make him ideally placed to find investors and the appointment last year of Jonathan Turner as an NED with an investment banking background speaks to a possible sale (although I guess most NEDs have IB or IM experience).
I think there is more to come, which could be good for us but equally makes me nervous.
And regardless makes me think Levy has been treated badly.
 
Not worked much with Citi group I see, traditional banking has no claim to be well run or strategic thinking.

Can't wait to be explained how he is a football guy and Levy wasn't

I think the point is to have 'football guys' in football positions, and 'business guys' not having the level of input in football matters that Levy had. VV is that guy now, right? We are simply trying to move from the 'single figurhead' model it seems. I suppose the main thing which factors here is he is apparently the Lewis family's horse these days...
 
Well in fairness he’s not running the show, Vinai is, and Vinai has football credibility from his time at Woolwich and general sporting pedigree from his time with British Athletics, although I don’t know exactly what that involved.
But I still think it’s all geared towards either a sale or a significant third party investment. Charrington’s long experience in Wealth Management would make him ideally placed to find investors and the appointment last year of Jonathan Turner as an NED with an investment banking background speaks to a possible sale (although I guess most NEDs have IB or IM experience).
I think there is more to come, which could be good for us but equally makes me nervous.
And regardless makes me think Levy has been treated badly.

Investment is what I think...
 
I think the point is to have 'football guys' in football positions, and 'business guys' not having the level of input in football matters that Levy had. VV is that guy now, right? We are simply trying to move from the 'single figurhead' model it seems. I suppose the main thing which factors here is he is apparently the Lewis family's horse these days...
That's what then, because all I've ever been aware of, is he'd say whether we can afford it or not, and if we could, negotiate the deal? What football matters were you aware of?
 
Well in fairness he’s not running the show, Vinai is, and Vinai has football credibility from his time at Woolwich and general sporting pedigree from his time with British Athletics, although I don’t know exactly what that involved.
But I still think it’s all geared towards either a sale or a significant third party investment. Charrington’s long experience in Wealth Management would make him ideally placed to find investors and the appointment last year of Jonathan Turner as an NED with an investment banking background speaks to a possible sale (although I guess most NEDs have IB or IM experience).
I think there is more to come, which could be good for us but equally makes me nervous.
And regardless makes me think Levy has been treated badly.

I also think that this years leadership change are somewhat geared to further investment or sales. I have a hunch that Lewis' family are looking at guys like Todd Boehly, John Henry, Sheikh Mansaur and the other billionaire stakeholders in the EPL and feeling the same attraction to get involved. They are probably still trying to figure out the "how" i.e. how do they use on pitch success to build brand and increase their equity.

As for your last point about him being treated badly, I don't agree. Levy is a 25.8% stakeholder but has literally had 100% say for 25 years. He's had a great innings and turned his tens of millions into something like £750m (guess) on a very significant salary. I actually thought they would bifurcate the the chairman and CEO roles he was doing and leave him as chairman of the board for a few years. Everything looked geared to that but it seems they jumped straight to the next step where he is just a shareholder and we have VV and Charrington in the 2 key roles.

I would love to think that everything is sweetness and light between him and the Lewis family. My gut says it isn't, but I don't think he's been treated badly. It's just business. We'll soon know though. If Levy is discontent we will see his 25.8% stake reduce or be bought out in these next 2-3 years. If he is scorned then he won't want to remain as a part owner.
 
Back