Text  Larger | Smaller | Default

NewsNow

EGM: Board suffer 'no confidence' vote


Filed: Thursday, 29th May 2003
By: Graeme Howlett


Hammers chairman Terry Brown was given a clear message of 'no confidence' from supporters at today's EGM - despite the resolutions at the heart of the meeting being passed.

The resolutions - mainly to remove the club's existing borrowing limit, and to remove the cap of renumeration for non-executive directors were carried as expected, by 16,367,912 shares for to 224,019 against.

However in terms of number of heads present the board suffered an embarrassing defeat. Although the club chose not to allow shareholders to vote with the usual show of hands (prefering to count the votes during the recess) it is estimated that for every individual vote in favour of the resolutions there were, at the very least, 10 against - representing a huge vote of 'no confidence' in the board from those shareholders present.

Brown, speaking on whufc.co.uk this afternoon (Thursday) not surprisingly saw the result somewhat differently:

"I would like to thank our shareholders for attending today’s EGM and for their overwhelming support for the resolution to adopt the new Articles of Association," he said. "To have received 98.65% support for the resolution, and just 1.35% against, at the end of a difficult season is very much appreciated."

However, as already explained, the 98.65% he refers to actually equated to a tiny minority of shareholders present today.

Although the board may be claiming victory they will no doubt be concerned by the huge numbers that voted against the amendments by way of protest against the board, and their recent handling of the club.

We'll have more from today's AGM in due course ...





Related News

   arrow   Sears, Song, Allardyce and Cresswell: Friday's news [24th Apr 2015]
   arrow   Allardyce laughs off £25million price tag [23rd Apr 2015]
   arrow    Carroll, Cresswell, QPR and Allardyce: Thursday's news [23rd Apr 2015]
   arrow   Brady, Potts, Cresswell and Song: Wednesday's news [22nd Apr 2015]
   arrow   West Ham United deliver affordable football as season ticket prices are slashed [22nd Apr 2015]
   arrow   Jurgen reports a load of Klopp, says Brady [21st Apr 2015]
   arrow   Kouyate issues apology to Silva [21st Apr 2015]
   arrow   West Ham deny 'state aid' charge [21st Apr 2015]
   arrow   Sheringham set for Pompey role? [21st Apr 2015]
   arrow   New OS controversy as 'state aid' questioned [21st Apr 2015]


Your Comments


comments powered by Disqus
 
News Image




On This Day ...

One Year Ago
Cole looking to pastures new
Joe Cole believes he is unlikely to be offered a contract extension by West...more
Three Years Ago
A Thorn in your side?
Coventry boss Andy Thorn says his team will be doing their best to upset the apple cart at St Mary's...more
Five Years Ago
Gold backs Zola
David Gold has claimed that he wants Gianfranco Zola to stay on as manager of West Ham United....more