Sources near to URM informed The Everyday Telegraph their provider was trying to find to develop into the club’s big shareholder by shopping for out Penn Sport, which owns 40.72 per cent on the .
There had been also rumblings that a further important Manly shareholder, , Manly’s chairman.
Penn Sport has frequently stated it might stay with Manly “long-term” but a $5.5 million offer – far more than double what Penn Sport originally paid to buy into louis vuitton factory outlet Manly – may tempt the louis vuitton outlet provider to walk away from Brookvale.
There have been suggestions Quantum wanted to oust Penn as chairman but that would require a 6-1 vote through the club’s constitution and Penn Sport has two votes at board level.
But the two votes are not enough louis vuitton outlet for the Penns with rival shareholders Quantum louis vuitton handbags Energy, Manly’s football club and Manly Leagues club “ganging up” with their combined five votes to defeat the Penns on most issues, including the sacking louis vuitton online of 40-year official Peter Peters.
Quantum and former co-owner Max Delmege hold a 37.24 per cent stake within the club, Manly football club 13.11 per cent and Manly Leagues club 8.9 per cent.
Penn Sport executives are privately concerned the constant boardroom bickering could be damaging the company’s brand name.
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