I used to work for a mid-sized family company where the sole shareholder gifted his full

holding to an employee trust. It was written into whatever document bound that trust that the trustees could not benefit financially from selling the shares and that in the event of a sale any proceeds would be donated to charity.

This was all with the intention of protecting the employees and their jobs (if the company was sold and absorbed by a bigger firm then their would inevitably have been redundancies).

Presumably when Delia & Michael do come to pass on their shares, they will be able to stipulate something similar to the aforementioned (save for Tom holding the shares as opposed to an employee trust) so that nobody can benefit financially from the sale of such?

Posted By: NxNW on June 9th 2021 at 14:06:27

Message Thread

BK8 Club silence - assume Webber is nowhere near this? (NCFC) - forzancfc, Jun 9, 12:23:13
- I thought Webber was responsible for the players not the finance (n/m) (NCFC) - Farkeball, Jun 9, 14:44:32
- maybe Webber is away on holiday. would normally be appropriate time for it (n/m) (NCFC) - pab, Jun 9, 13:32:09
  - Ignoring the noise 👹 (n/m) (NCFC) - KevinBond, Jun 9, 17:33:43
- I doubt Kensell cares (NCFC) - Ken Breadstick, Jun 9, 12:51:14
  - LOL......there is zero chance that he doesn’t care. (NCFC) - usacanary, Jun 9, 15:41:14
  - VMT - the club hierarchy surely can't be so incompetent (NCFC) - Mecagoenti, Jun 9, 13:10:01
    - "It seems as though cash is king as far as they are concerned." (NCFC) - Tricky Hawes, Jun 9, 14:46:02
      - no, not at all (NCFC) - Mecagoenti, Jun 9, 15:47:28
    - there's no real difference from dafabet, so they wouldn't have given it a second thought (n/m) (NCFC) - paulg, Jun 9, 13:36:14
    - Will always be the trouble with the poorest owners in top 2 leagues (n/m) (NCFC) - loz, Jun 9, 13:30:05
    - Cash appears to be king as far as anything in football goes - hence Emi going...... (n/m) (NCFC) - helvegtheowl, Jun 9, 13:16:47
      - it's a business (n/m) (NCFC) - paulg, Jun 9, 13:37:11
      - yep, at least (NCFC) - Mecagoenti, Jun 9, 13:25:50
        
        Quite. (n/m) (NCFC) - Jim, Jun 9, 13:40:49
  - Once again, Ben Tunnel is the man behind it all. (NCFC) - BearCan94, Jun 9, 13:00:12
    - Who's his boss though? It's Kensell, of the 3-person management team he is responsible for (NCFC) - NxNW, Jun 9, 13:01:19
      - Fair enough, not saying they arent all guilty. Its what you get when... (NCFC) - BearCan94, Jun 9, 13:03:56
        
        I know this is a popular stick (NCFC) - Henclrikus, Jun 9, 13:24:42
        
        I’d like to know that actually. Have they ever said this anywhere? (n/m) (NCFC) - jamesward, Jun 9, 13:26:31
        
        Of course not, but he was 'given' the role of director after being a civil servent (NCFC) - BearCan94, Jun 9, 13:36:23
        
        Yes (NCFC) - Old Git, Jun 9, 13:34:54
        
        I thought that was the case (n/m) (NCFC) - jamesward, Jun 9, 13:52:51
        
        any lawyers here? (NCFC) - Henclrikus, Jun 9, 13:45:21
        
        Hmm (NCFC) - jamesward, Jun 9, 13:55:01
        
        Good grief (NCFC) - Old Git, Jun 9, 13:54:38
        
        my point was, and remains (NCFC) - Henclrikus, Jun 9, 14:15:26
        
        Sorry... where did I say or imagine he will be 'given the club' ?? (NCFC) - BearCan94, Jun 9, 14:18:53
        
        well, about 30 minutes ago (NCFC) - Henclrikus, Jun 9, 14:36:29
        
        "he was 'given' the role of director after being a civil servent" (NCFC) - BearCan94, Jun 9, 14:43:15
        
        clearly the NCFC Board does not score highly (NCFC) - Henclrikus, Jun 9, 14:59:05
        
        Quite (NCFC) - CWC, Jun 9, 13:58:51
        
        I used to work for a mid-sized family company where the sole shareholder gifted his full (NCFC) - NxNW, Jun 9, 14:06:27
        
        apples & oranges (NCFC) - CWC, Jun 9, 15:01:15
        
        It's not so much about profit as control (NCFC) - Old Git, Jun 9, 14:10:07
        
        Assume it's also one way to dodge some inheritance tax? (n/m) (NCFC) - jamesward, Jun 9, 13:58:13
        
        Not necessarily (NCFC) - BearCan94, Jun 9, 14:02:59
        
        Ohhh good find! (n/m) (NCFC) - BearCan94, Jun 9, 13:37:16
        
        I think you're confusing the roles of the Board and the Exec Committee at NCFC (n/m) (NCFC) - NxNW, Jun 9, 13:07:32
        
        No. No I'm not. (NCFC) - BearCan94, Jun 9, 13:09:16
        
        😂👍 (n/m) (NCFC) - helvegtheowl, Jun 9, 13:17:51
  - I'm not sure it will blow over (NCFC) - NxNW, Jun 9, 12:59:32
    - It depends who is doing the ‘blowing’ (n/m) (NCFC) - Tier2canary, Jun 9, 14:02:27
- I’m pretty sure he’ll be involved (n/m) (NCFC) - Duck, Jun 9, 12:43:32
  - He's nothing to do with that side of the business surely? (NCFC) - BearCan94, Jun 9, 12:45:04
    - Doing a Winston Wolf I imagine (n/m) (NCFC) - KevinBond, Jun 9, 12:49:52
- This is Ben Kensall’s dept isn’t it ?... (NCFC) - loz, Jun 9, 12:30:37
  - That rather depends on the contract... (NCFC) - CWC, Jun 9, 13:44:33
  - The offensive images encapsulate what BK8 are all anout (NCFC) - Tier2canary, Jun 9, 12:39:10
  - if thats the case (NCFC) - ghostof barry butler, Jun 9, 12:34:32
  - Aye thought as much. Webber must be seething tho (n/m) (NCFC) - forzancfc, Jun 9, 12:34:31
    - Indeed. Most will assume Webber involvement if they don’t know the set up (NCFC) - Tier2canary, Jun 9, 12:51:51

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