In the same way that SOO is trying to work with Howard and the club to help overcome the difficulties that we currently face but reserves the right to allow the fans to be heard through protest, there are a number of ways in which SOO can apply pressure through more formal channels should a credible plan be presented to the club but be rejected.
Wednesdayite as a major shareholder have the power to call an EGM of Sheffield Wednesday PLC. Because of the historical distribution of shares, it is unlikely that any fans' coalition would be able to carry motions through purely on voting. As such, an EGM would be reserved for extreme circumstances - and not called on a whim.
In addition, there is some question whether information that has reached the public domain through the Sheffield Star and Yorkshire Post indicates that there has been any form of corporate malfeasance, illegal activity or breach of fiduciary duties on the part of current or former members of the SWFC Board. While allegations of this sort are not to be bandied around or taken lightly, it is important that SOO establish through independent formal legal advice whether or not any of the information that has been revealed would make the position of SWFC board members untenable - not to settle 'old scores', but instead to ensure that everything is being done to safeguard the future of the club and make the club as credible a target for investment as possible.
Bullet-point summary from the outline plan:
Wednesdayite Call EGM
• Not to be used to settle scores
or without just cause
• To be invoked to support
FUNDING (left)
• Can be used in order to aid
PUBLICITY (right) even if
vote is likely to be defeated
Legal action
• Take full legal advice on any
potentially actionable evidence
in the possession of ANY fans
• To be used to apply pressure
to bring about positive change
• Not to be used just to settle
scores
• Evidence already in the public
domain of ‘£1.5m cover-up’ -
is it actionable?
