Supporters and shareholders of Aston Villa have joined together to fight what they see as the "endless cycle of under-achievement" their club has suffered for the past 20 years.

Press Release - 16th February 2004.Shareholders Forum???


VFC note with interest that Mr Ellis has decided not to have a shareholders forum this year.

We can only assume that Mr Ellis is scared to face the shareholders and fans of this club due to the poor half yearly results announced and the dissatisfaction clearly aimed at him during last years AGM.

VFC, as shareholders, have no faith in Mr Ellis and his ability to turn these results around, especially with the crisis that the manager will face in the summer with five players coming to the end of their contracts, having already let more than 10 players leave.

VFC therefore want to publicly ask Mr Ellis the following questions. If they remain unanswered they will be added to the agenda for this years AGM. We feel that these questions are reasonable issues to be reported to shareholders and supporters who have a significant interest in the club which can be prejudiced by the Chairman's block holding.

1) The Club have attempted to improve communications in recent years with bi annual supporter/shareholder meetings. How can this policy be prevented by the absence of a Chief Executive when there is an executive Chairman and board member who can address issues on past performance and future strategy?

2) As the Chairman is now 80, 15 years passed his retirement age; can he explain:

  • When will the new Chief Executive be appointed?


  • Will the new Chief Executive's responsibilities include all aspects including dealing with the manager on a day-to-day basis on player transfers, contracts and other issues? Will the new chief executive be given the freedom to perform these essential functions without interference from Mr Ellis?


  • Will the Chairman's role then be restricted to that of overview and elder statesman?


  • Given the Chairman's advancing years, when does he plan to retire and what plans for the succession of his shareholding are in place?


  • 3) Given the reported interest in change of ownership in the summer:

  • Can the Chairman confirm that he has a conflict of interest in any approaches given his often expressed interest in wanting to remain as Executive Chairman and as a consequence leave negotiations to other directors?


  • Will the Chairman make such approaches known to the other 15000 shareholders who represent 62% of the shareholdings?


  • Can the Chairman confirm he would not put unreasonable demands and terms on his own shareholding if the Board considered an approach to be in the best interests of the Club and it's shareholders?


  • As Aston Villa could have as few as 12-13 professionals by the summer, can the Chairman confirm, at a time when he states there little or no money available for team re-building, that there hasn't been a better time for him to actively seek new investors and to give the consortia waiting in the wings the green light to enter positive talks for the good of Aston Villa Football Club?



  • ENDS


    Contacts:
    Jonathan Fear
    Navid Nazir
    info@villafc.com



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    Reaction from first meeting:
    Paul's response: Remember the day - the 24th of May.
    Previous Press Releases:
    30th January 2004: Money to burn???
    9th January 2004: Birthday Wishes
    3rd December 2003: Ellis In Blunderland
    25th November 2003: Ellis, we're coming
    20th November 2003: Situation Vacant
    11th November 2003: Time for Action
    27th October 2003: The Decline Deepens
    9th September 2003: When VFC met Doug
    9th August 2003: Open Season
    1st August 2003: Annual Results - Hang Your Heads In Shame!!!
    27th July 2003: Sell, Sell, Bye Bye - Is there a takeover in the wings?
    11th July 2003: Football Fans Census - Villa Fans Survey
    26th June 2003: Second Rally - The Hodgson Report
    18th June 2003: Fans Testimonial for Ian Taylor and Alan Wright
    6th June 2003: Second meeting announced.
    20th May 2003: New Manager, same core problems.
    20th May 2003: Rally 24th May - Update.
    18th May 2003: Potential investors identifed - Report commissioned.
    14th May 2003: GT Resigns. The Board Must Go Now.
    12th May 2003: Another wasted season, another opportunity missed.
    4th May 2003: VFC Update - The right moment?
    10th April 2003: Treffick Shareholding, Uncertainty and the Fear.
    4th April 2003: Club for Sale - Time For Change.

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