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Colin Kingsnorth - Laxey Partners


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Please tell me this is just a co-incidence.

 

http://www.standard.co.uk/business/troublemaking-investors-have-left-us-all-in-a-mess-6872819.html

 

He's argued against what he perceives as the lack of transparency and governance within Hirco. However, of the four new "independents", one is Andrew Pegge, his Laxey co-founder, another is Michael Haxby, a Laxey executive. A third, Aled Rhys-Jones, runs Celtic Asset Management. Celtic's chief financial officer, Christopher Bruce, was Laxey's CFO between 2001 and 2007.

 

 

http://www.celtic.pl/en/o-grupie-1/rada-nadzorcza-1/colin-kingsnorth-member-of-the-supervisory-board

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Please tell me this is just a co-incidence.

 

http://www.standard.co.uk/business/troublemaking-investors-have-left-us-all-in-a-mess-6872819.html

 

He's argued against what he perceives as the lack of transparency and governance within Hirco. However, of the four new "independents", one is Andrew Pegge, his Laxey co-founder, another is Michael Haxby, a Laxey executive. A third, Aled Rhys-Jones, runs Celtic Asset Management. Celtic's chief financial officer, Christopher Bruce, was Laxey's CFO between 2001 and 2007.

 

 

http://www.celtic.pl/en/o-grupie-1/rada-nadzorcza-1/colin-kingsnorth-member-of-the-supervisory-board

 

from what I can see there is no connection to "them across the city".

 

Celtic Asset management are based in Warsaw.

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From the website of Celtic Property Developments on whose boards messers Kingsnorth and Pegge sit:

 

"The Company’s activity consists in purchase of lands, on which it constructs apartments or offices, and in purchase of existing real properties with a potential for creation of additional value by change of their intended usage, increase of their standard or optimisation of their area."

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It depresses me. Some supporters seem to be rejoicing in Laxey's involvement with our club simply because they see them as being 'against the other side'. Anyone who actually reads what Laxey are all about can surely see these people for what they are.

I'm reminded of the Americans funding the Afghan Mujahideen to defeat the Soviets only to discover some years later they were far safer with the Soviets and the DRA.

 

A hedge fund does not give a fuck about youth development, supporter safety or wellbeing, players, managers, victories or glory. It only cares about money and it really doesn't mind how it creates it.

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