17/03/07

Hi All,

As you must all know there's been a lot going on regarding shares etc. All discussions of financial matters like these (as opposed to players contracts) are done so via the Holdings board, therefore I am not privy to all information. All that I can tell you is the following.

I have met the American investors and, in my personal opinion their involvement is not purely business. The fact that left the ground on Tuesday with memorabilia for their families tells me that they are beginning to have an emotional attachment to Millwall FC. John Berylson is in constant communication with myself. I believe their involvement will be good for the club and will benefit Millwall FC and us, the fans. Obviously there is a business side to the deal but, during my meetings with them I sense they are genuine and not a threat to the future of Millwall FC. To make up my mind on the American deal, I sought independent financial advice away from the club from a source I trust wholeheartedly. I was told that the deal as proposed can only be of benefit Millwall FC.

During the last few days I have been asked a lot of question regarding Theo selling a large percentage of his shares, and a large number being bought by Graham Ferguson Lacy. I have tried to find out what I can about GFL via the internet and contacts in finance. I have not found any links connecting GFL to sport in any way which I find quite worrying. Most of the information on the internet points to the fact that he is a corporate raider, acquiring companies that are in trouble at a low cost and creaming off what he can.

These are just my thoughts, I have no idea what his actual intentions are to Millwall FC. I suggest that any fan, especially those that are shareholders, research themselves to make their own informed decision. My personal leaning is to hope the American deal goes through, we gain a bit of stability and build for the championship.