Pitch funding

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onewayup
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Pitch funding

Post by onewayup » Tue Apr 25, 2017 10:30 am

Getting there, £13,434 needed to reach target of £42,000. Keep it moving fans ,19 days left to donate ,lets push it over the line before deadline day, well done to all who have already donated to the cause.onwards and upwards with Darlington f.c

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Mr_Tibbs
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Re: Pitch funding

Post by Mr_Tibbs » Tue Apr 25, 2017 4:31 pm

Yes, doing really well - over the £30k mark now, and the Boost the Budget pitch is doing well too... nearly £14k so far. Just added my bit to that one as well now.
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Quakerz
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Re: Pitch funding

Post by Quakerz » Tue Apr 25, 2017 4:40 pm

Really impressed with the boost the budget especially.
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Spyman
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Re: Pitch funding

Post by Spyman » Tue Apr 25, 2017 5:14 pm

The wording on the boost the budget pledge is misleading.

It suggests that if you choose the weekly option, the amount you pledge (ie £100) will be split across 50 equal payments.

In fact you have to pledge an amount to pay for 50 weeks - so to pledge £100 you actually enter £2 in the pledge box.

Nearly caught me out and had me pledging £5k to next season's budget!

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Mr_Tibbs
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Re: Pitch funding

Post by Mr_Tibbs » Tue Apr 25, 2017 6:05 pm

Spyman wrote:The wording on the boost the budget pledge is misleading.

It suggests that if you choose the weekly option, the amount you pledge (ie £100) will be split across 50 equal payments.

In fact you have to pledge an amount to pay for 50 weeks - so to pledge £100 you actually enter £2 in the pledge box.

Nearly caught me out and had me pledging £5k to next season's budget!

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I can't go back to check because I've already entered my amount but it seemed pretty clear from what I can remember... except maybe the wording could've been a bit bigger where it said the amount you enter in the box will be the amount you pay weekly or monthly depending on which payment option you chose.
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Mr_Tibbs
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Re: Pitch funding

Post by Mr_Tibbs » Tue Apr 25, 2017 6:07 pm

Quakerz wrote:Really impressed with the boost the budget especially.
Yeh, might not need any investors at this rate :)
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bga
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Re: Pitch funding

Post by bga » Tue Apr 25, 2017 6:40 pm

Does the Pitch fund running total include the "Potential" £10,000 from the "Potential" Investor I wonder?

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Re: Pitch funding

Post by Mr_Tibbs » Tue Apr 25, 2017 6:50 pm

bga wrote:Does the Pitch fund running total include the "Potential" £10,000 from the "Potential" Investor I wonder?
Yes it does. I think they matched what was already in the fund at the time. I suppose any decision on what happens about a new investor will take place after the closing date for stage 1 of the pitch, so there "shouldn't" be a problem collecting that pledge.
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bga
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Re: Pitch funding

Post by bga » Tue Apr 25, 2017 7:08 pm

Mr_Tibbs wrote:
bga wrote:Does the Pitch fund running total include the "Potential" £10,000 from the "Potential" Investor I wonder?
Yes it does. I think they matched what was already in the fund at the time. I suppose any decision on what happens about a new investor will take place after the closing date for stage 1 of the pitch, so there "shouldn't" be a problem collecting that pledge.
Investor might pull out, or both parties agree to not continue, which would mean we are potentially £10,000 short?

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Re: Pitch funding

Post by Mr_Tibbs » Tue Apr 25, 2017 7:25 pm

bga wrote:
Mr_Tibbs wrote:
bga wrote:Does the Pitch fund running total include the "Potential" £10,000 from the "Potential" Investor I wonder?
Yes it does. I think they matched what was already in the fund at the time. I suppose any decision on what happens about a new investor will take place after the closing date for stage 1 of the pitch, so there "shouldn't" be a problem collecting that pledge.
Investor might pull out, or both parties agree to not continue, which would mean we are potentially £10,000 short?
I don't think we'd be able to make a decision (by means of a vote) before the 15th May and the pledges will be drawn down one week after then so we'll know for sure if we have that £10k, or not. Be good to beat the target by at least £10k just in case, but there's no reason to suspect they won't come good on their pledge - it should be quite separate from their investment goal.
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darlo reborn
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Re: Pitch funding

Post by darlo reborn » Tue Apr 25, 2017 7:36 pm

Thought once it reached the total that was it

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Re: Pitch funding

Post by Mr_Tibbs » Tue Apr 25, 2017 7:45 pm

darlo reborn wrote:Thought once it reached the total that was it
It says in the prospectus which you can download from the pitch page that once a stage target is reached any further pledges will go towards the next stage of the fund raising.

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Re: Pitch funding

Post by darlo reborn » Tue Apr 25, 2017 8:40 pm

Never looked at the prospectus just put my money in so that`s ok

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Re: Pitch funding

Post by Mr_Tibbs » Tue Apr 25, 2017 8:56 pm

I just chucked my money in too - I just happened to read the prospectus before I read what it said on the website. I have no interest in all the financial ins and outs of it all - it's all double-dutch to me.

bga
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Re: Pitch funding

Post by bga » Wed Apr 26, 2017 10:48 am

Mr_Tibbs wrote:
bga wrote:
Mr_Tibbs wrote:
bga wrote:Does the Pitch fund running total include the "Potential" £10,000 from the "Potential" Investor I wonder?
Yes it does. I think they matched what was already in the fund at the time. I suppose any decision on what happens about a new investor will take place after the closing date for stage 1 of the pitch, so there "shouldn't" be a problem collecting that pledge.
Investor might pull out, or both parties agree to not continue, which would mean we are potentially £10,000 short?
I don't think we'd be able to make a decision (by means of a vote) before the 15th May and the pledges will be drawn down one week after then so we'll know for sure if we have that £10k, or not. Be good to beat the target by at least £10k just in case, but there's no reason to suspect they won't come good on their pledge - it should be quite separate from their investment goal.
I agree the "ownership" issue is unlikely to be resolved before 15 May. I have felt uneasy about the Investors pledge, as unless it is a genuine "goodwill payment" (with no conditions whatsoever) it might be construed as an "Inducement" or worse still something else? Fingers crossed and all that!

poppyfield
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Re: Pitch funding

Post by poppyfield » Wed Apr 26, 2017 6:33 pm

Under 10 grand to get now, outstanding!
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poppyfield
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Re: Pitch funding

Post by poppyfield » Fri Apr 28, 2017 6:46 pm

79% now impressive. :thumbup:
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dsr
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Re: Pitch funding

Post by dsr » Mon May 01, 2017 5:29 pm

Been keeping an eye on this. Despite the investors 'sideline', the total has kept moving. Only £1,000 to go now. Going to make it with ease, well before the deadline.

dfcdfcdfc
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Re: Pitch funding

Post by dfcdfcdfc » Mon May 01, 2017 5:46 pm

To be honest I never thought this one was in doubt. The next one for 50k running concurrently with the team strengthening will be more of a challenge - has to be completed by 31st July!

dsr
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Re: Pitch funding

Post by dsr » Tue May 02, 2017 10:12 am

Sorry to see we are back to under £40K. At least one person must have withdrawn a pledge. Still an easy target to reach, although I acknowledge the next £50K is not going to be anything like as easy.

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Re: Pitch funding

Post by Emdubya » Tue May 02, 2017 11:17 am

dsr wrote:Sorry to see we are back to under £40K. At least one person must have withdrawn a pledge. Still an easy target to reach, although I acknowledge the next £50K is not going to be anything like as easy.
Maybe found out who the "investors "are and didn't like what they heard. :lol:

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Re: Pitch funding

Post by tezza » Tue May 02, 2017 12:29 pm

Just Made my contribution, more out of commitment and loyalty than common sense. Very reticent as I am unconvinced "there is" any major single or group investor and the tail thinking it can wag the dog.

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