Wednesday 23 January 2013

Why Would Any CPO Chairman?

We recently came across this alarming article on cfcnet.co.uk and reproduce it here with the author's consent. While we keep an open view as to the content of the article we feel the points made are important enough to share so that our readers can form their own opinions.

Why Would Any CPO Chairman?

Originally posted on cfcnet.co.uk on 21st January 2013. By Nick Stevens.


WHY WOULD ANY CPO CHAIRMAN willfully fail to enquire properly into a reported concert party potentially committing an on-going company fraud ? It’s not as if he’s not aware around 2,000 shares were bought over 9 days in Oct 11 prior to the EGM by 25 mystery individuals – some of whom gave false names/addresses and with suggested links to CFC or it’s management.
It’s not as if he doesn’t know they potentially sway all votes at CPO meetings by 40%, or that the usual checks on ID were strangely not taken by company secretary Robert Sewell, due we are informed to an ‘administrative error’ ! He has been told and read all this many times and yet quips in reply that it’s not worth looking into this possible company fraud due to unlikely results and the expense ! This also despite a resolution passed by the membership on 23-7-11 to deal with carpetbagging/gerrymandering issues – surely 25 letters could be sent to the addresses supplied by these individuals, requesting a few basic proofs that were not taken originally, and basic declarations of truth for the record – would this really break the bank ?
If there is no reply to these enquiries after a specified time – suspend the shares until they do ! If any of them wish to amend details – ask a few sensible questions as to why this is necessary ! If everything is as recorded and above board with no declared connections to the potential purchasers at the EGM (CFC or it’s management) then thank them for clearing it up ! Where’s the problem ? Where’s the expense ? Why would a chairman who had promised to clear up the mess left by the previous incumbent who lost the confidence of the members as not being independent of CFC and had to resign, not take this course of action ?
WHY WOULD ANY CPO CHAIRMAN fail to ensure renewal the £10m loan from CFC in good time, before the Dec 12th deadline – the loan that facilitates CPO’s very existence ? Why despite repeated assurances would the company secretary fail to respond to enquiries, and the required notice renewing the loan have to be drafted and sent by another concerned director with just days to spare ? If this action had not been taken it would potentially have allowed the loan company (CFC) to wind up CPO by calling in the loan with all assets (the pitch and name) reverting to them by default.
WHY WOULD ANY CPO CHAIRMAN invite only a select few members to discuss future fundraising since the previous chairman had given away all our major income streams to CFC ? Why would he not advertise such a meeting on the CPO webpage on CFC’s website for instance ? Can we now expect him to decry the lack of interest from members given only 4 people turned up to the follow up meeting, including him and his son ? This from the chairman who regularly raised £100k + for CPO prior to 2003 !
WHY WOULD ANY CPO CHAIRMAN not make freely available the company loan and lease agreements (we are now told are not the original agreements) as repeatedly requested, so members can ascertain who changed them, when, and by what authority ?
WHY WOULD ANY CPO CHAIRMAN not allow free and open democratic elections for the two vacant directors places, instead of once again just seconding placemen of his choice – particularly knowing the concert party votes may well make any rejection of his placemen by the membership unviable ?
WHY WOULD ANY CPO CHAIRMAN appoint a QC with rumoured links to CFC via his chambers (our potential purchaser) – do neither of them understand the potential professional conflict of interests ?
Strange too that the self declared purveyor of all things CFCTruthful blog – an unashamedly vociferous although supposedly independent [SIC] brown nosed propaganda mouthpiece for CFC (emanating from an elitist troll’s dungeon somewhere in Holland Park it is understood), would chose to give platform to, and defend the QC and his new colleague SUPERFABGUY !
WHY MR FRANKHAM, WHY ?




Monday 21 January 2013

Hosting a Meeting - the Frankham Way

by Stamford Bridge

Before Christmas Chelsea Pitch Owners' Chairman Steve Frankham hosted a meeting to discuss possible fundraising methods for CPO. To do this he hired a room from Chelsea FC. Now, on the face of it, that all seems sensible.

However here at Stamford Bridge: The Truth we are hearing tale of some of the figures behind that meeting. 

Number of attendees at the meeting: Four (yes, 4).
Cost of room hire: £500

Look at that another way: it is £125 per person attending.

Or another way: £500 represents 500 years worth of rent on Stamford Bridge which CPO rent to CFC at the peppercorn rate of £1 per year.

Given the meeting was intended to look at fundraising for CPO perhaps the Chairman might want to look more closely at the colossal waste of funds his holding of such meetings costs?

You do have to wonder whether Mr Frankham would be so generous were it his own money he was spending and not that of his members?

Saturday 19 January 2013

SAVE THE BRIDGE


by John King

(This article was first published in the weeks following the CPO EGM of October 2011)

Everything about the build-up to the Chelsea Pitch Owners’ meeting felt rotten – the rushed response to the club’s attempt to buy the shares and remove the influence of the CPO; the out-of-date list of shareholders; the sales of block-votes in the lead up to the meeting (people with money were buying 100 votes each in one hit); a national newspaper’s article that club chairman Bruce Buck had allegedly phoned a long-term Chelsea supporter several times, asking that an opponent of the buy-up be ‘sidelined’; and then there was the time of the meeting set by the CPO board – 11.30 on a Thursday morning, when most people would be at work. It wasn’t looking good. I thought back to the Save The Bridge days in the late 1970s, when we used to drop our coppers into buckets at the bottom of The Shed stairs, the early 1990s when the ground was saved for a second time. Now this was happening. It all seemed very sad.

The block-votes issue was the biggest worry. Twenty individuals had apparently bought 2,000 votes in the previous two weeks. Most would be Yes voters. It meant that one person was buying the voting power of 100. It didn’t matter if they had never been to a game in their lives – they would be worth 100 people who had followed the club across the country for twenty years. Those No voters who managed to get to the meeting – or put in a proxy – clearly stood little chance. With the end of the CPO would come the demolition of Stamford Bridge and the end of Chelsea FC. Whatever happened to democracy? That was the way we were thinking as we approached the ground.

Turning into the forecourt, a long line of people stretched towards the ground, faces from The Shed, North Stand, Gate 13, West Stand, the Benches, T-Bar, Matthew Harding and all the other corners and sections of the stadium. Everyone knew the score, that the odds were stacked against them, but this was a good turn-out, those present eager to have their say. Many had travelled for hours, some even flying in from abroad. This was the most important day in the club’s history.

The first time I went to Stamford Bridge was in 1970, when the greatest team of them all was playing the beautiful football that only really returned with Ruud, Zola and Vialli in the 1990s, a style that we are still looking to recapture today. Chelsea have had some fine sides since the era of Osgood, Cooke and Hudson – Eddie McCreadie’s Blue And White Army; the John Neal team of Kerry Dixon and Pat Nevin; the first year of Jose’s rule when he was using Arjen Robben – but none have matched the magic of that side, who were roared on by a crowd famed for its passion. Before them there were Docherty’s Diamonds, Ted Drake’s league-winners – there’s always a link. The ground connects all these memories, carries the history on. Without it we would probably end up as one more shirt-selling franchise stuck in a sterile stadium named after a multinational. History is important. It can’t be bought and sold, only erased.

As one 70-years-plus supporter said later in the day, the difference between those representing the club and the supporters at the meeting was one of emotion. We had it, they didn’t. Bruce Buck and Ron Gourlay were cold and professional, the rank-and-file hot and very bothered. Bruce loves a one-liner, knows how to play a home crowd, but today the smile quickly faded and he came across as patronising, defensive, finally irritated. He said everyone wanted Chelsea to stay at Stamford Bridge, but... And was soon challenged. It has long been said the council won’t allow the expansion of the ground, but when asked how many planning applications had been submitted in the last year he had to admit that, apart from one for a minor alteration, there had been none. The supporters showed their anger and frustration. He didn’t look comfortable at all.

Ron grinned. You could imagine him thinking ‘what am I doing sitting here with all these scruffy herberts when I could be in Malaysia sipping a nice mango milkshake, surrounded by some proper new fans in fresh club shirts.’ Later Bruce called the club ‘the firm’, in one of those slips where someone shows off the language they use away from the public, but knew enough to try and correct himself, while Ron mentioned the ‘brand’. The crowd jeered and his grin widened.

The best thing about the meeting was how the Chelsea supporters did themselves proud. A large number spoke and put their points across with passion, self-control and an eloquence those representing the club lacked. They demolished the arguments put forward, which were often lazy and contradictory. One of the weakest was the Trust Roman approach, which was meant to play on the supporters’ loyalty, but few were falling for this and it was pointed out that this had nothing to do with the Russian what would happen if his priorities changed, if he lost his fortune, or – god-forbid – if he died like poor Matthew Harding?

The work of those who came together in the short period before the meeting had clearly done a brilliant job in mobilising opposition, and in the end the CPO shareholders stood tall and pulled off a remarkable result against a much wealthier and stronger opponent. It made me proud to be a Chelsea fan. And yet the battle to save Stamford Bridge has probably only just started.

In the aftermath, the club were quick to point out that they had gained 61% of the vote – they needed 75% to have their offer accepted. While that is technically true, the more important figures show that, once the block-votes are discounted, 60% VOTED NO. In terms of individuals, the percentage is, I believe, higher – OVER 60% OF INDIVIDUALS VOTED NO. It was a walkover for the Boys In Blue. A clear victory. And that was just the CPO members able to vote, as many weren’t registered, while some proxy forms were said to have not arrived. It should also be remembered that the No figure across the wider Chelsea support generally is likely to be at least as high, and probably more so, once the realities are understood. Most people don’t have shares, but that doesn’t mean they aren’t as loyal as those who do.

CPO chairman Richard King resigned soon after and there are apparently legal challenges being considered in light of what occurred in the build-up to the meeting, but the problem hasn’t gone away. The unfairness of the last-minute block-shares/votes has to be addressed. Morally certainly, and probably legally as well. The CPO now finds itself in an interesting position.

It is clear the CPO’s relationship with the club has to change and that it needs to operate in a more professional manner. Nobody paid by the club or benefiting from a close link should be involved in such important decisions – whether that is a wealthy member knocking about with the stars, or current or ex-players who will suffer from unfair pressures. It should be run by people who stood in the rain as we were hammered 6-0 in the 1970s, or were on the end of a kicking in the 1980s, or watched Glenn Hoddle’s sweeper system emerging on an iced-up empty terrace in the 1990s, or a teenager who has to listen to all that ‘You’ve got no history’ rubbish today. The CPO has a real chance to grow and expand and connect everyone together. That’s not anti-club, just independent. If anything it is pro-Chelsea. The CPO membership are flying the flag for the bulk of the Chelsea fans who want to stay at Stamford Bridge.

The much-quoted Fair Play rules said to have lead to this mess are meant to encourage clubs to think differently, to make them realise that football isn’t just be about the depth of their pockets, that a team can be developed in other ways. To respond to this by destroying your biggest asset – the ground, which represents the club’s history – is surely missing the point. Chelsea have always been at Stamford Bridge. Unlike most other clubs, we have stayed true to our roots. Our success and history didn’t start with the arrival of Roman, much as he is loved by the masses. There is no Year Zero, Blue Revolution, New Chelsea. The club needs to take a look at itself and show a bit more respect, forge a real connection with its traditions. The supporters don’t want that destroyed. We don’t want Stamford Bridge demolished and replaced with more yuppie flats.

The club said at the meeting that they were looking to add 10,000 new seats – maybe 15,000. At £50 each that is £500,000 (or £750,000) a match – which is a modest sum in today’s game. To fit the Fair Play rules why not start by addressing our transfer policy? Since Claudio Ranieri, the big money paid out has had ‘mixed’ results. Put Andriy Shevchenko and Fernando Torres’ fees and wages together and you are probably talking over £100 million. That is nearly ten years’ worth of extra seats. Why not buy more wisely? Why not introduce a youth system that brings in local players? This doesn’t have to cost a fortune, and the talent is out there in the suburbs, in areas where so many kids are Chelsea mad. We are always hearing about how great Barcelona are, their local talent, so why not learn a lesson? That is what the club should be doing to deal with the Fair Play rules. That is why they were introduced, surely?

The reality of the CPO is that – unique to the rest of the Premiership – it has the chance to move into the modern age and develop itself, really help shape the future of the club, maybe even English football itself. The fans of Liverpool, Man United, Newcastle and all those other clubs who have been under the cosh would kill to own their pitch and – in effect – the name of the club itself. Those with power need to realise that the promotion of money above history and culture is outdated. Look at German football – ultra-cheap tickets, packed stadiums, fans running clubs. We could have that here. Make no mistake, the supporters are what matter most. Without the passion of the fans a professional football club is nothing. Twenty-two grown men kicking a ball around a patch of grass in silence – who would pay to watch that? The TV money the Premiership craves isn’t going to go to a league of sparkling-new, no-atmosphere stadiums.

Despite our success, profile and location, Chelsea aren’t filling a 42,000-seater stadium for every game as things stand. That is what the club should be addressing – the lack of atmosphere and the real reasons why they have missed out on generations of young supporters. One of the oddest notions at the CPO meeting was the club chairman pointing out that Chelsea have some of the oldest fans in the Premiership. First, so what? Second, whose fault is that? It’s not like there are never any empty seats available. Supporters have been saying for years that the club needs to decrease prices for younger fans, encourage locals rather than tourists. Instead of talking this way about their most loyal followers, the club should be thanking the ‘old’ fans (we are mainly talking 40 and 50 year olds here I think) for keeping the atmosphere alive – not causing more resentment.

The CPO meeting reminded me of the People’s Pledge conference a couple of weeks earlier, when a cross-section of ordinary, seemingly powerless people attended a series of talks on Britain’s membership of the EU and the need for a referendum. The biggest cheer of the day came when a woman spoke into one of the microphones offered to the audience. She said to forget all the endless arguments about money, that really what it boiled down to was a question of identity – that she would rather be poor and living in a free England than rich and stuck in a United States Of Europe. Maybe that’s what a lot of people feel about staying at Stamford Bridge. Not that we would be poor, but that our identity is essential. What is the point of endless trophies if the club is playing in another location, with none of its core support left? Yet all of this is unnecessary – as most of us are sure Stamford Bridge could be expanded and, since the meeting, the council have responded to the idea that they won’t allow development by stating they want the club to stay in the borough.

We are constantly hearing that Roman is so rich he is running Chelsea for the love of the club alone, that he is a loyal supporter with the best interests of CFC at heart, that it isn’t about the loans he has made being turned into a long-term profit. Bruce Buck, meanwhile, said everyone wants Chelsea to stay at Stamford Bridge. Fair enough. So instead of the CPO giving its influence away for no real reason, the club needs to back off and let the CPO sort itself out and, once that has happened, they both need to work together, on an equal footing, to make sure Chelsea stay at Stamford Bridge.

(John King, a life long Chelsea fan, is the author of a number of best selling novels including The Football Factory, Headhunters and England Away).

Friday 18 January 2013

TALL TALES FROM THOSE IN THE KNOW


by Damocles

Copious amounts of bullshit continue to swirl round SW6, courtesy of tall tales by those who claim to have had meetings with Roman Abramovich or his representatives. One such In The Knowall boasted recently on an internet forum "As some of you know, I had a meeting at SB on Thursday afternoon with Roman’s ear (say no more)".

The laughably misnamed 'CFCTruth' account claims ‘Things are certainly happening with the Earl’s Court development’ in an attempt to shore up their reputation as knowing what’s going on.  In reality, like everyone else, they’re farting in the dark.

Meanwhile, there was also the matter of seven Chelsea fans and their personal meeting with Roman Abramovich in the aftermath of the Robbie Di Matteo sacking.  This meeting was so secret that it ended up being reported on the Chelsea In America blog.

The question is this – why do some supporters get audiences with the club hierarchy, particularly the top man, when some of the most fiercely loyal Chelsea fans wouldn’t even get the time of day?

Would it be too much to ask our local oligarch for a little perestroika?

Sunday 13 January 2013

WHY WRITE THIS BLOG?


This site has been set up by genuine CHELSEA fans to keep all true supporters aware of what is happening regarding our home STAMFORD BRIDGE. It’s purpose is for an open discussion, without any vested interest or propaganda as other sites purvey. The future of our club and where we play, is very important and we the fans have a very big part to play in that decision, particularly being the only club in the EPL whose fans own the club name and pitch. Vital questions now need to be addressed by the club. Worrying developments have occurred over the last 15 months and we as fans need to know exactly what is happening.

Most CHELSEA fans are aware over 25 years ago STAMFORD BRIDGE was almost lost to the club, through property speculators wanting to bulldoze the stadium and build a housing estate on the present site. The site at that time, once developed was valued at £40m, which would have created a massive potential return for the developers. Ken Bates the then chairman, saved the day, saw off the speculators and set up the Chelsea Pitch Owners (CPO), where all supporters were encouraged to buy a share for £100 to protect the club from ever falling into similar danger in the future. Over the last 20 years, approximately 15000 people have bought shares and they are still available to purchase at the same price today – which we would encourage all fans to do, to ensure that the future of our club is upheld.

In October 2011, CPO share holders were informed that Roman Abramovich wished to buy back all the shares at £100 each, Bruce Buck the present chairman stated that all CPO shareholders had a "fair chance" to vote on whether they wished to sell their shares or not. The club gave NO further information to supporters why this was suddenly so important to them. The club stated that owing to Financial Fair Play regulations being introduced shortly, the club had to be able to compete against other top European sides in the future, citing that the small capacity at Stamford Bridge as disadvantaging us in comparison to other leading clubs.

It was also stated by Bruce Buck that ALL possible avenues had been explored by the club, in the possibility of expanding Stamford Bridge. This was later found to be untrue when questioned openly in front of 700 people in October 2011 during the CPO voting. He conceded that Chelsea Football Club HAD NOT submitted any plans whatsoever in the previous 10 years in regards to the expansion of the ground. Hammersmith & Fulham Council have since confirmed this.

Suspicion by the majority of CPO shareholders was compounded, when it was suggested at the meeting, that £250k worth of shares had been purchased by Bruce Buck and Roman Abramovich`s associates purely to corrupt the vote. Buck refused to comment, but the National press confirmed all the names and exposed the underhand tactics that the club had adopted in their pursuit to seize all the shares from CPO shareholders.

Richard King the CPO chairman immediately resigned, as it was obvious that he had not been working in the interests of CPO, which was set up to be totally independent of the club. Steve Frankham replaced him, but once again his actions so far have not been in the interests of the CPO shareholders and he continually refuses to `ring fence` the £250k illegally purchased shares, as they continue to affect all voting patterns, which is unfair on all original CPO shareholders.

The present valuation of the combined land at Stamford Bridge is £900m. If developed by the club, the return could be as high as £1.6b. If the club were to relocate, this would cost approximately £500m if a site were to be found, which would create a massive financial return of £1.1b. Some CPO shareholders cite this as the possible motive. We must state that we have an open mind on this, but the clubs next move, will prove where the truth lies.      
 
We are at a critical time in the future of our club, most fans want Stamford Bridge redeveloped if possible, if and when it is proved NOT to be possible, then everyone will accept that a move is inevitable. But to where? No available sites big enough within a 3 mile radius of Stamford Bridge exist. Unless the club are looking even further afield. We as fans demand answers from our club, the fans are the only constant, the present owner and board are only passing through. Questions need to be answered:

A: Why were £250k of shares purchased by the clubs associates to corrupt the vote of CPO shares in October 2011?
B :Why are the £250k of shares illegally purchased still included in any future voting?
C: Why have fans been told that Stamford Bridge can not be redeveloped, when the local council say that it is possible and why do the club refuse to meet with the council to confirm if redevelopment is possible or not?
D: CFC recently announced the 5th biggest financial turnover in World football. Next year TV income will increase by 70% reducing yet further the significance of stadium income, so why do the club still feel that it is imperative to move from Stamford Bridge?
E: Battersea and Earls Court are now not viable sites for relocation, so do the club now feel that even further away from the present site is now acceptable?
F: If the existing combined site at Stamford Bridge is estimated to be worth £900m, why has the pitch and club's name only been valued at £20k?

This is an outline view of where we are at the present time. All Chelsea fans and CPO shareholders understand, that the club need to be able to compete in the future, without relying on Roman Abramovich`s money. No one wishes to hold the club back, but we as fans have then right to know, what the true motives are.