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Monday, November 24, 2014

What's In It For Lonsdale?


Guest columnist Moorsfan questions whether Hereford United chairman Andy Lonsdale is allowed to receive any money from being chairman of the club.

Ever since Andy Lonsdale was appointed as a Director of the 1939 company I have wondered, what is in it for him?

For years one particular provision in the company's Articles of Association was effectively ignored, and that could well have been because of ignorance. But just before the proposed CVA the matter was given wide publicity, so it is not possible to claim ignorance now.

Simply, Directors of the 1939 company are not allowed to be paid remuneration! So why is Andy Lonsdale involved with the company? What possible benefit does he hope to get for the work he is doing?.