The Real PapaBear 0 Posted November 22, 2013 Share Posted November 22, 2013 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. Quite so. These people are only interested in one thing. Making money quickly - and I stress the second part of that. They are not interested in making money slowly; they are not interested in a solid, stable and profitable future; they only want to make a fast buck and then slither off to find their next victim. If Laxey and their allies get control of the club, the past couple of years may turn out to be regarded as the good old days. 0 Quote Link to post Share on other sites More sharing options...
Guest Miroslav Posted February 24, 2014 Share Posted February 24, 2014 Adding my 2 cents, knowing the Laxey people from the business/property side here in Eastern Europe: Laxey is usually investing and holding shares in companies through several Isle of Man based vehicles: The Value Catalyst Fund plc, LP Value Ltd, LP Alternative Fund LP, to name a few. Laxey is the main shareholder of and therefore the owner of Celtic Asset Management, through these same vehicles (link here: http://www.celtic.pl/en/investor-relations/company-info/shareholder-structure ) It is well known that Laxey's strategy is to put as many Board Members as possible in the companies they target (without always disclosing their links with the "independent board members" they push to be appointed), in order to pressure the company's management to implement short term changes to create short term value creation, often through speculation and, of course, without any interest in the long term viability of the companies they attack. The typical "financial activist" agenda. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 24, 2014 Share Posted February 24, 2014 laxley are just the latest nose in the trough 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,866 Posted February 24, 2014 Share Posted February 24, 2014 laxley are just the latest nose in the trough But currently the biggest. Which is why my dislike for King and his "games" (as I call it) grows by the day. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 24, 2014 Share Posted February 24, 2014 there 150k pay off is small fry compared to others. so far. 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted February 24, 2014 Share Posted February 24, 2014 there 150k pay off is small fry compared to others. so far. Just the start IMO. They'll slowly eat up anything in their path. 0 Quote Link to post Share on other sites More sharing options...
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