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Confirmed Craig Hemmings steps down as chairman

Confirmed Craig Hemmings steps down as chairman

Seems like a good move to me. He sounds like a good businessman with international/sporting connections and a lifelong Nobber to boot.

He may well not be full time if he’s a non-exec but in reality Craig Hemmings wasn’t either, with having to spread his time across all his other businesses.

Hopefully he’ll have some good ideas and be a bit more publicly visible than the previous chairman.
 
To me it suggests that there will be someone more involved in the running of the club than Craig has time to do which may also somewhat reduce Ridsdales power base.
 
Whispers of a takeover on the back of increased international exposure due to our sponsor.

American businessman and owner of an NHL club spotted in the stands which when mentioned to PR on air, gets him all flustered.

And now out of the blue, Craig steps aside for a non-executive director to take the reins....
 
As a consequence of this review, we have concluded that for PNE to continue to be successful in the Championship and have the best opportunity to strive for Premier League status, we – the owners – need to reach out and engage with international sports organisations, private institutions or investment funds better geared, both commercially and financially, for maximising the true global potential of PNE. We will therefore be actively engaging with such potential organisations or individuals who would be interested in investing in or owning a club like PNE.
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This blows my mind a bit, only now after years of saying the club is for sale have they decided to go out and actively seek investment?

Feels as though the Rothschild group have told them to get into gear, as opportunities are passing them by.
 
What’s striking is that this is the first time we’ve seen any suggestion that they realise they don’t really know what they are doing.

Quite a significant step in my opinion. Rather than the old “its difficult but we’re well run and are doing the best we can” there’s an acknowledgement that something needs to change going forward and there might be a better way.
 
simo said:
What’s striking is that this is the first time we’ve seen any suggestion that they realise they don’t really know what they are doing.

Quite a significant step in my opinion. Rather than the old “its difficult but we’re well run and are doing the best we can” there’s an acknowledgement that something needs to change going forward and there might be a better way.
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Yeah this is a good point. The self awareness that they're not the savviest people to do the job of maximising the club's potential is a good start.
 
Mr Meeseeks said:
Whispers of a takeover on the back of increased international exposure due to our sponsor.

American businessman and owner of an NHL club spotted in the stands which when mentioned to PR on air, gets him all flustered.

And now out of the blue, Craig steps aside for a non-executive director to take the reins....
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I was wondering if there was any conflict of interest potentially if his involvement with the family trust (as beneficiary or trustee for example) goes against being able to get the "best outcome in the interests of the family trust" somehow, so this puts the club an arms length from the family/trust to allow them to do what is needed should an opportunity present itself(or already has started)
 
MBcha said:
Already concerned with what happens two years down the line if we haven't been taken over by then.
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Perhaps with it then being 5 seasons down the line from TH's death, they'll be able to start relaxing their "right people" requirements.
 
Deepdale roar said:
To me it suggests that there will be someone more involved in the running of the club than Craig has time to do which may also somewhat reduce Ridsdales power base.
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Reads quite the opposite to me. The fact he's a non-exec chairman suggests he'll be very hands off and let Peter get on with it.
I'd assume he's someone with a better suited skill set and contact base than Hemmings to help facilitate and advise on a takeover.
 
Wisemen say said:
The we will re-evaluate at the end of the next 2 years,sounds like the continuous Trust funding will becoming to an end.🙄
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Yeah, that has to be a possible reading of this bit:

"... we feel it would be prudent to set ourselves a target of two years to try and find the right fit for PNE. There will be no changes in the way we fund the club nor the amount we are prepared to commit to the club during this process."​

Although he does say later on:

"At the end of this two-year period, we will review our options again."​

That could mean that after 2 years they review their options and they do change the way they fund the club, or do change the amount they are prepared to commit - or it could mean the "finding the right fit" part of the equation slips a little bit.

It would be strange indeed if they set themselves this 2-year time limit now and then after 2 years absolutely nothing changed and they carried on as before.
 
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