Rugby League: Have Featherstone fans got their club back?
Michael Griffiths and Simon Barraclough
"It will all end in tears," some Featherstone Rovers Rugby League football club supporters said when news broke of major new investors and signings at the club. Months later, majority "B" shareholder Feisal Nahaboo and chief executive Craig Poskitt walked away from the club.
Featherstone, a small ex-mining community, is proud of its professional rugby league team. The smallest town in Britain to have one, Rovers won the game's biggest prize, the challenge cup, at Wembley stadium three times. It produces local youngsters and causes upsets against more fashionable clubs.
At a packed fans forum after Feisal and Craig's departure, Rovers chairman Mark Campbell reported concerns about apparent inaccurate financial information being presented by the finance director and Feisal's attempt to take over an elected board. The fallout led to legal threats and then Feisal's departure.
Fans raised questions on the club's financial plight after the departure of the majority shareholder. Feisal's shares are owned by Probiz Excellence Limited. Probiz (and its sister companies) offer "a range of added-value solutions for business owners and individuals from general accountancy to business advisory services to wealth management opportunities," says its website.
Despite threats of winding up orders, however, the club is not on the verge of financial collapse. The chairman stressed that the club does not have to buy back the shares Probiz acquired. Campbell also pointed out that all full and part time player contracts already signed will be honoured.
Campbell's answers seemed to reassure fans. The club is a limited company but many major decisions are still in the fans' control, who can own one "A" share each. The fans control the land the club owns and elects representatives onto the board.
And although Featherstone Rovers may not have the money to make the club a force in the game again, we've been through hard times before and will again pull through by our own efforts together.
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In The Socialist 31 July 2014:
Middle East
No more carnage in Gaza - Mass struggle to end the siege - Stop Israeli state terror
Gaza in crisis - Mass action needed to stop bloodshed
Thousands march against slaughter in Gaza
Socialist Party feature
WW1 - 100 years since the great slaughter
Socialist Party
Socialism 2014: Ideas to change the world
Socialist Party news and analysis
Economic recovery - so where's our share-out?
Student loan sell-off plan scrapped
More police spying revelations
Miliband needs a makeover... ...of his party and his politics
Socialist Party reports and campaigns
£10/hr Now! Because the bills keep coming and the rent won't wait!
And now for something completely different... a barricaded cinema
Solidarity with Birmingham student occupiers
Southampton: Channel 4's Immigration Street condemned
Rugby League: Have Featherstone fans got their club back?
Socialist Party workplace news
Passport Office strikes for jobs and decent pay
The games that Glasgow Labour plays
Doncaster Care UK workers striking for 2 weeks
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01/05/21


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