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Panos Returns
Birmingham International Holdings have this afternoon confirmed the re-appointment of Panos Pavlakis as an executive director, along with Li Hanguo and Liu Enxue as independent non-executive directors.
The announcement signed off by Cheung Shing confirms that within 24 hours of failing re-election all three directors return to the board.
The re-appointment of Panos will be seen as a kick in the teeth for Pannu following the events of the AGM yesterday and I believe shows that the faction standing against him aren’t done yet. It’s also interesting as I believe it directly goes against Carson and sets up another power struggle in the coming weeks.
Pantomime season it appears isn’t quite over yet.
Tags: Cheung Shing, HKSE, Panos Pavlakis, Peter Pannu
59 Responses to “Panos Returns”
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To you, to me, to you, to me. It’s like something from the Chuckle Brothers.
When will this circus end?
BIHL delay no more!
Not until the FA stop doing F*** A**
The FA can’t do anything. It’s the Football League you need to get onto.
And now let the battle commence, a bit along the lines of Chairman Mao and his long march
Thank f*ck for that, panos is our leader
IN OUT ..IN OUT YOU SKAKE IT ALL ABOUT …Carsen is in pokey & ,,,,sorry :)
You put your right oar in,
Your left oar out,
In, out, in, out and shake it all about,
Carson is in pokey and we want Pannu out,
That’s what it’s all about, hey!
Ohhh, the pokey cokey (x3)
Knees bent, arms stretched, PANNU OUT!!
Get that on the Tilton.
That’s quality needs to be sung
superb work mate
How exactly has this been possible, can anyone explain how this has come about?
My take would be as follows. As Dan wrote in his earlier blog following the AGM the board was split 3-3 between the pro and anti Pannu factions, with the Chairman (anti Pannu) having the casting vote. It would seem that the anti Pannu faction have acted quickly to reappoint Panos and non exec directors to bolster their position – presumably the BIHL governance regulations allow this and these directors won’t face a formal shareholder vote until at least the next AGM (or a special EGM). It was interesting to see Panos saying “game on” on his Twitter account post this news – so I think we have a full on power struggle going.
Ta mate, panos is our man
just goes to show who needs voting its like the hocki cocki you are in you are out in out in out lets p the fans about
i am reading these developments differently and believe Pannu to be there to obtain finance and /or oversee the sale of bcfc depending on Carson’wishes
wishes.
Panos will continue with bcfc day to day continuing to protect and even increase the value of Bihl s only asset
How I see it too but wouldn’t put my house on it!!
I made the same point yesterday. I am not holding my breath but Pannus pending payday may be at the time of a sale. It could well suit Pannu therefore to have Panos protecting or even enhancing the clubs value if he is on a commission to make a sale. In pannus outburst he did point out that he had a deal with Wray. But then again he also indicated that we would be in the mire during this month when called on by hmrc for a tax bill of £1.8m !
You literally could not make this up. Well, that’s chapter 1 of Dan’s follow-up book sorted then.
Didn’t this happen a couple of years back — three people got voted off and then came back in the next day.
Still lost for words, it’s like watching Eastenders without people dying
(Yet)
Thanks for the update Dan
“Confused? You won’t be after this episode of ‘Soap’.” For those too young…..type in ‘soap’ on youtube.
“All we care about is bcfc”… Looking forward to Wigan Saturday then Leeds then of course the baggies… Not looking any further than that because its to depressing . Kro
I believe the adverse publicity against Pannu may have resulted partially in the return of Pavlos ( a title for Dans next book ) ? also done to placate the Football League who knows ? but there are more twist and turns and power battles off the field to come – or has Carson sat back like Grouty in Porridge and pulled all the string from his incarceration s and smiles as he cannot loose-time will tell?
Might be a title if you spelt Panos right ;)
ROFLMAO!
Patience of a Saint, Dan. Sometimes.
This was yesterday:
“After the conclusion of the Adjourned AGM, the Board now comprises a total of six executive
Directors and two independent non-executive Directors. In order to comply with the Listing Rules,
the Company proposes to appoint at least one additional independent non-executive Director,
assuming that there is no change to the current composition of the Board. The Company has made endeavors however more time is required to identify a suitable candidate to be an additional independent non-executive Director in order to comply with the Listing Rules. The Company will continue with such endeavors and will comply with the Listing Rules as soon as possible.”
So they were already looking for a replacement but couldn’t find anyone by the 6th. So they ask for more time then a day later go back to the guy that just booted off. Well at least they got the right answer in the end.
They were going to appoint another one “assuming that there is no change to the current composition of the Board”. Wonder who put that in. Because Pannu must have known that he would lose a 3-3 vote for putting Panos back in. Unless he was hoping to sway one director, put a new one that would be pro-Pannu, and getting a permanent majority.
Then the question is whether Pannu’s choice would have had to jump a hurdle or two to appease the HKSE.
Alternatively the anti-Pannu faction put that in to keep HKSE off their backs, knowing they could get Panos back.
I think Pannu coming back and the January window drawing in could be coincidental…
Perhaps the HKSE have intervened-I appreciate they may not have intervened formally but a word in the right ear can do wonders.
Dan- hard luck on not getting the 6th nomination- K.R.O
DAN……..Any word regarding the resumption of share trading in BIHL?
As Pannu seems to be the only person at BIH who wants to sell the club.
Perversely is it a good thing that he is still involved?
Pannu is only interested in lining his pockets.
I’m bloody exhausted and confused with it all
There must have been a hastily arranged board meeting, perhaps imitated from concerns in relation to HKSE at which they would have been voted back on by a vote of hands. They name remain on until the next AGM but could Yeung call an EGM to use ‘his’ block vote to remove them again?
So Dan no sooner you have a theory someone comes along and moves the pieces on the board. May I suggest Sherlock or Agatha to give you a hand.
By the way glad to see Panos re elected, almost makes the AGM a waste of time.
I think some people on the board want to sell and believe Pannu will be the right person to do so and so voted him in on the board. Others have realised that Pavlakis is very good at running the club on a day to day basis and that the supporters repulsion to Pannu could only be tamed by keeping Pavlakis in his role. Either way, we got our man back and hopefully we will not see the feel good factor evaporate as it did yesterday! Also agree about the HKSE not being impressed with Pannu. What a difference a day makes….KRO
So am I right in thinking that the only thing that the AGM achieved is to get Pannu back on the board. I really don’t understand these people, couldn’t run a party in a brewery.
I’m not going to celebrate or even remotely acknowledge ‘The Return of Panos’ as a good thing just yet. Instead, I will be waiting for the next phase of BIHL to run us into the ground …and the FL to do bugger all to acknowledge it.
I think there’s only one thing left for us supporters & that is to get behind the team & hope our on field fortunes continue & off field problems get sorted sooner rather than later.
With the BIH offices being so far away we can hardly stand outside them & protest!!!
So Chairman, Cheung Shing had the casting vote to make it 4-3 in extra time !! I will take that score line against the Baggies in a couple of weeks time. kro
I apologise now if I have missed something but all this stuff about Pannu being re-appointed to get the club sold is completely missing some key issues isn’t it. It would not make commercial sense to sell the club as they would lose their HKSE listing which I think I have read, probably on here, is in itself worth £38m, far more than they would ever get through a sale. The only way they could sell the club and keep the listing is for BIHL to invest in another business other than the club which the HKSE would consider a viable business.
At last, !!. Someone has remembered that crucial point, — good-on-yer, Shirley Blue. !!.
Ho;ding on to their HKSE, listing is more important to them,!!.
It is the crucial point…but are BIHL actually busting a gut to acquire other viable businesses. Because currently I’ve seen no evidence that they’re even looking to acquire other businesses. Quite honestly, I don’t know WHAT they do day-to-day…sit at their computers and play Solitaire?
I guess the main reason they are not acquiring other businesses is because they have no cash!! The only ways they can raise cash is by selling off a piece of BCFC or by issuing some more shares for sale.
Not to mention people have to actually be willing to sell their business to BIHL & to be honest, if you had spent years of busting a gut building a business up from nothing, would you sell to them?
When Jeremy Wray was in negotiations to buy Blues it was on the basis that a way had been found to sell the club and for BIHL to keep their listing. When Dan met with Wray he said himself that it could be viable to do this.
I just wonder if they did go down the path of looking to acquire another business what would the minimum value need to be that would satisfy the HKSE to allow them to sell the club in its entirety.
Blues are BIHL’s only asset so no money to diversify with.
What a circus, oh what a clown,
What this shows is all the work and contacts in HK have been virtually useless, the truth is they know nothing
Dan spends god knows how long agonizing on what each minute detail means for the club, then everything changes overnight.
We all thank Daniel for his updates but what on earth is the point if his theories prove incorrect as they are increasingly prone to.
The Panos and Rowett combination is restored. Paradise regained! More twists and turns than an Agatha Christie Murder Mystery. They call Wimbledon the Crazy Gang. They got nuthin on us baby!
Methinks our Mr. Cheung Shing is a wise man. He’s played his Chairman’s role masterfully. Great that Panos is secure in both operating and holding companies. All he needs to do now is reassure GR and the lads that all is as well as it can be so they can focus on winning against the Latics.
Who in the right mind would want to deal with these idiots????Who in the right mind would trust them???Pannu has proved to be as competent as a one legged man in an arse kicking contest!!
supporting any other club must be so boring and uneventful in comparison! All they have to think about are on the pitch events!
Is it possible that someone has been appointed to vote on Carson’s behalf, hence those majority vote counts & he has only discovered the outcome of the AGM overnight & insisted they be reinstated? It seems remarkable he would remove his own brother in law. Maybe Carson didn’t cast ther original votes?
No, way off.
People fall out with family all the time – it’s not unusual.
Rudy Gestede…Pulis taking him from Blackburn….Is he Cup tied?
Its Pantomime Season once again!! Enter The Ugly Sister (stage Left) ( Pannu)
Audience : To Buttons ( Rowett ) “She,s BEHIND you !!!”
Buttons:” Oh no Shes Not”
But we know better dont we Children!
Good result today (Saturday) against Wigan. They thrashed us 4-0 back in August. Leeds next!
I appreciate that I’m probably talking to myself but isn/t it odd that, according to the Mail, Carson is now having a rant about the directors being elected are not to his liking, (I’ve sent details of this by e-mail to the Football League) after Peter Pannu had his rant before christmas about Dan. In the meantime, Wolves and Blues get nearer the play off zone. It seems as if things are going our way in spite of the dice being loaded against us. KRO. Happy New Year.