Or even should we have a board? It appears that only Tiger and DE are left to form anything resembling a board, hardly sufficient to form a quorum, should one be required.
I am guessing that directors will be appointed, possibly new investors?
Under DE the Board became pretty much an irrelevance. Free tickets and lunches on Saturday. Of course, Jones and Dolt stepped up to the plate to find Pep - cheers, guys! - but other than that the club was effectively run by DE's PA.
Of course a Board can be useful in providing free additional volunteer expertise. But you are going to need local people with free time and relevant capabilities (as used to be the case in the 50s, 60s and 70s)
This line about 'additional investment'. I may be wrong, but I do not think it is happening. Tiger spent the thick end of six months looking for it, having concluded his deal with DE back in the autumn. In the end he couldn't find any, but chose to save his non-refundable deposit by holding his nose, closing his eyes, loading the business up with debt and doing the deal anyway.
The shadowy fixers that Myles discovered never seem to take equity in any club they are involved in. They take fees OUT but put nothing in.
In general, we have to understand that - even before Darryl gave himself the rights to future player sales - OUFC is not a prospect for minority financial investment.
Dear old Dave spent months peddling thus line (obviously fed down from oxvox) that DE wasn't selling out in a rush!! Hell no!!! He was simply seeking an investor partner to help him 'take us to the next level.' But if you wanted to chuck money into a massively loss-making lower league club, why would you not just go and get your own and ensure that your money be spent as you direct. There are always plenty on the market.
The primary reason to own these types of clubs is "trainset syndrome' rather than because it is a sensible use of 10 million quid in purely financial terms.
So my best guess is that the chap with the bow tie is what we have and what we are going to keep. He and his friends could not afford Reading between them (despite making a profit out of it) so here is hoping that Tiger can afford 2 million quid a year here on his own. If some misguided soul decides to take some of that burden off him (in return for what?) then great, but let's not hang our hat on that hope.... unless someone else can be found who can be super impressed by an open-top bus tour of the City.
And I say that as my own personal opinion, not a mod.
