willipa Posted May 3, 2017 Share Posted May 3, 2017 Well he's gone: http://www.dcfc.co.uk/news/article/2016-17/club-statement-3704174.aspx Link to comment Share on other sites More sharing options...
G STAR RAM Posted May 3, 2017 Share Posted May 3, 2017 @ronnieronalde you say SR has been an expensive disaster but cannot really say I agree. What he did in the direct aftermath of the NC sacking was appointed someone that reinvigorated DCFC after a massive period of stagnation (and you are well aware that is not something that I am holding against NC). That 13/14 season was what led to MM investing in, and eventually taking over, DCFC. Now MM may have some money missing from his pockets but, as a club, DCFC are in a much financially healthy position because of MMs decision to invest. On the pitch we find ourselves in pretty much the same position as when NC left. The iPro naming, not really sure what to make of that. Money for old rope really so not too sure why he is being called out on that. What I will agree with is the way we have conducted our business. While others have lauded him with praise 'Sam always gets his man' type comments, I will admit the reports coming out have put us in a really bad light. At the end of the day though money talks in this business and I can't see any clubs refusing to do business with us. I know there's no smoke without fire but it's hard to pin anything on Rush when none of us have the slightest clue what his day to day role entails. Link to comment Share on other sites More sharing options...
dajstrawb Posted May 3, 2017 Share Posted May 3, 2017 Just now, willipa said: Well he's gone: http://www.dcfc.co.uk/news/article/2016-17/club-statement-3704174.aspx Deep that. Link to comment Share on other sites More sharing options...
Mostyn6 Posted May 3, 2017 Share Posted May 3, 2017 Derby County Football Club has today dismissed, with immediate effect, President and Chief Executive Officer Sam Rush on the grounds of gross misconduct and breach of fiduciary duty Read more at http://www.dcfc.co.uk/news/article/2016-17/club-statement-3704174.aspx#tKilvCXEJbd6Tdyz.99 Link to comment Share on other sites More sharing options...
SuperDerbySuperRams Posted May 3, 2017 Share Posted May 3, 2017 Bloody hell. Wonder what's gone on. Link to comment Share on other sites More sharing options...
thekingofbuxton Posted May 3, 2017 Share Posted May 3, 2017 Can anyone shed any further light on this? Link to comment Share on other sites More sharing options...
Gritstone Ram Posted May 3, 2017 Share Posted May 3, 2017 Never liked him. A bit of a slime ball if you ask me. Link to comment Share on other sites More sharing options...
ossieram Posted May 3, 2017 Share Posted May 3, 2017 5 minutes ago, Mostyn6 said: breach of fiduciary duty Is that mismanagement of funds or just being on the fiddle? Link to comment Share on other sites More sharing options...
Animal is a Ram Posted May 3, 2017 Share Posted May 3, 2017 Draining the swamp then? Sounds serious. Doubt we'll hear any more detail.. Link to comment Share on other sites More sharing options...
LazloW Posted May 3, 2017 Share Posted May 3, 2017 Never a dull moment.... Now heads down for speculation overload!!! (and David better get the lawyers on alert!) Link to comment Share on other sites More sharing options...
SuperDerbySuperRams Posted May 3, 2017 Share Posted May 3, 2017 1 minute ago, ossieram said: Is that mismanagement of funds or just being on the fiddle? Think this goes a lot deeper than him not doing his job properly. What a damning statement that is. Link to comment Share on other sites More sharing options...
angieram Posted May 3, 2017 Share Posted May 3, 2017 Just now, ossieram said: Is that mismanagement of funds or just being on the fiddle? It's not acting in the best interests of the company or organisation that you work for. The detail could be about anything. Link to comment Share on other sites More sharing options...
LazloW Posted May 3, 2017 Share Posted May 3, 2017 4 minutes ago, thekingofbuxton said: Can anyone shed any further light on this? Mel probably can, but I doubt he's going to tell us. The shutters will have come down. Link to comment Share on other sites More sharing options...
ronnieronalde Posted May 3, 2017 Share Posted May 3, 2017 Reading very much between the lines here but looking at that very brief statement it's fairly clear Mel has something on him otherwise it would surely have been the standard "mutual consent". It's going to be interesting to see Sam's response to all of this. Link to comment Share on other sites More sharing options...
Gone Posted May 3, 2017 Share Posted May 3, 2017 Who's going to pose for photos of new signings now? Link to comment Share on other sites More sharing options...
BondJovi Posted May 3, 2017 Share Posted May 3, 2017 I bet @ronnieronalde enjoyed that statement! Link to comment Share on other sites More sharing options...
SuperDerbySuperRams Posted May 3, 2017 Share Posted May 3, 2017 I don't think you classify poor signings under breaching his duty of care. The same for gross misconduct. Be interesting to see if anything comes out later on. I'm glad this is happening before the summer, anyway. Last thing we need is more distractions. Link to comment Share on other sites More sharing options...
Ellafella Posted May 3, 2017 Share Posted May 3, 2017 "...gross misconduct and breach of fiduciary duty". fiduciary 1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power andobligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith andhonesty. The most common is a trustee of a trust, but fiduciaries can include business advisers, attorneys, guardians,administrators of estates, real estate agents, bankers, stock brokers, title companies, or anyone who undertakes to assistsomeone who places complete confidence and trust in that person or company. Characteristically, the fiduciary has greaterknowledge and expertise about the matters being handled. A fiduciary is held to a standard of conduct and trust above thatof a stranger or of a casual business person. He/she/it must avoid "self-dealing" or "conflicts of interests" in which thepotential benefit to the fiduciary is in conflict with what is best for the person who trusts him/her/it. For example, astockbroker must consider the best investment for the client, and not buy or sell on the basis of what brings him/her thehighest commission. While a fiduciary and the beneficiary may join together in a business venture or a purchase of property,the best interest of the beneficiary must be primary, and absolute candor is required of the fiduciary. 2) adj. defining asituation or relationship in which a person is acting as a fiduciary for another. Link to comment Share on other sites More sharing options...
Gritstone Ram Posted May 3, 2017 Share Posted May 3, 2017 6 minutes ago, ossieram said: Is that mismanagement of funds or just being on the fiddle? Could be anything breach of trust covers the lot. Link to comment Share on other sites More sharing options...
SaintRam Posted May 3, 2017 Share Posted May 3, 2017 Just now, Ellafella said: "...gross misconduct and breach of fiduciary duty". fiduciary 1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power andobligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith andhonesty. The most common is a trustee of a trust, but fiduciaries can include business advisers, attorneys, guardians,administrators of estates, real estate agents, bankers, stock brokers, title companies, or anyone who undertakes to assistsomeone who places complete confidence and trust in that person or company. Characteristically, the fiduciary has greaterknowledge and expertise about the matters being handled. A fiduciary is held to a standard of conduct and trust above thatof a stranger or of a casual business person. He/she/it must avoid "self-dealing" or "conflicts of interests" in which thepotential benefit to the fiduciary is in conflict with what is best for the person who trusts him/her/it. For example, astockbroker must consider the best investment for the client, and not buy or sell on the basis of what brings him/her thehighest commission. While a fiduciary and the beneficiary may join together in a business venture or a purchase of property,the best interest of the beneficiary must be primary, and absolute candor is required of the fiduciary. 2) adj. defining asituation or relationship in which a person is acting as a fiduciary for another. Implies he's being doing deals prioritising his own benefit than the benefit of the club? Link to comment Share on other sites More sharing options...
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