So something's happened then with Downing and Bell refusing to join the board?
Either that or the post of finance director and CEO are interim with a mind to slotting those two in once the MSP cash is paid in.
I read it, as a delay in the MSP deal, Bell has given a loan, he cant be a debtor, a possible minority shareholder and have a place on the board there are to many conflicts of interests at the moment. Once MSP deal is done. Bell is repaid, he can join the board. Downing i believe will be chairman.
By our articles of association we have to have three directors. Also operationally rather then for competency we need a board to manage the window and continue the stadium development. So here we are with this interuim board.
Its not totally illogical to stop inertia and a vacum.
Interesting Moshiri has joind the board and hes appointed a rep.
If both stayed on we could have a future board of Bell, Downing Moshiri, his rep and two MSP.