Chairman Zaki Steps Down

on the club info page (https://www.oufc.co.uk/club/information/) it says:
Ownership: Oxford United Ownership
Sumrith Thanakarnjanasuth and Horst Geicke own more than 10% of Oxford United Football Club Limited shares.
(ie no-one else owns more than 10% of shares).

According to companies house website:
1 active person with significant control / 0 active statements

Mr Sumrith Thanakarnjanasuth ACTIVE​

Correspondence addressThe Kassam Stadium, Grenoble Road, Oxford, Oxfordshire, OX4 4XP
Notified on21 February 2018Date of birthDecember 1962NationalityThai

Nature of control
Ownership of shares – 75% or more
Ownership of voting rights - 75% or more
 
I did a quick google search of Floreat Capital to see what they are up to these days and if any OUFC connection.
Without going into too much detail and perhaps not the exact entities, a couple of years back ZN was one of the directors and there was a high interest loan to Reading FC from their investment company secured on parachute payments / tv money, so basically a free hit.
Anyway, it looks like ZN left there last year under litigious circumstances in a dispute as to who owned the company.
 
RyanioBirdio said:
Stadium solution is still some way off. Constantly ongoing process but not close yet. Beware of the foam finger claims - the deadlines have come and gone on those multiple times as it is. Promotion would’ve been helpful on many fronts but we are where we are.

No need to panic as it stands, but will be interesting to see what happens in the months ahead. Will we have new investors?
Click to expand...
Blimey the resident apocalypsist is chilled! That is a relief.
 
Oxt1 said:
Big difference between abrupt resignation, which implies something untoward and it being a surprise to us fans!
Click to expand...
Well it was a sudden surprise to me and many others I suspect.
Which to me means the same thing.
 
As others have said, the real shame here is that Zaki was the voice of reason connecting the club to the fanbase. He always spoke very well, never made outlandish promises that he couldnt back up and was always very clear with his information. Now we only have Tiger as the spokesman - Im never totally convinced that his comments are always totally thought through and considered (Im not even convinced his written statements are written by him at all!) - Niall McWilliams who never really has anything of much substance to say and Karl Robinson who is, well, Karl!
 
OUFCGav said:
on the club info page (https://www.oufc.co.uk/club/information/) it says:
Ownership: Oxford United Ownership
Sumrith Thanakarnjanasuth and Horst Geicke own more than 10% of Oxford United Football Club Limited shares.
(ie no-one else owns more than 10% of shares).

According to companies house website:
1 active person with significant control / 0 active statements

Mr Sumrith Thanakarnjanasuth ACTIVE​

Correspondence addressThe Kassam Stadium, Grenoble Road, Oxford, Oxfordshire, OX4 4XP
Notified on21 February 2018Date of birthDecember 1962NationalityThai

Nature of control
Ownership of shares – 75% or more
Ownership of voting rights - 75% or more
Click to expand...
How up to date do these records have to be?
 
Although Zac maintained an engaging persona that seemed to go down well with most fans can anyone say exactly what he brought to the club and therefore has taken with him or what his true intentions were and whether he achieved them. And I mean something more than his encouraging words and a vague vision.
 
Last edited:
OUFCGav said:
You have 21 days to notify CH of any major change in shareholding..
Click to expand...
it says one person has significant control - does anyone know if there is a % holding required that deems that person to have ‘significant control’?
 
Wallop said:
it says one person has significant control - does anyone know if there is a % holding required that deems that person to have ‘significant control’?
Click to expand...
PSC must meet one or more of the following conditions of control.

Most PSCs are likely to be people who hold:
  • more than 25% of shares in the company
  • more than 25% of voting rights in the company
  • the right to appoint or remove the majority of the board of directors
 
You must log in or register to reply here.

Similar threads

Manorlounger
Chairman Another side to Zaki.
Replies
6
Views
5K
sideshowrob
sideshowrob
Scotchegg
Chairman Zaki becomes Vice Chairman
Replies
6
Views
2K
LondonRoader
LondonRoader
DannyW
General Zaki M Nuseibeh
Replies
14
Views
2K
Navegante
Navegante
Back
Top Bottom