Its here the investment
Re: Its here the investment
I'm for the investment - its a no brainer under the current model
However, RS is such a divisive character, i can't see us getting 75% of people voting for it
However, RS is such a divisive character, i can't see us getting 75% of people voting for it
Last edited by Darlo_Dan on Tue May 09, 2017 8:08 pm, edited 1 time in total.
Re: Its here the investment
Like I say, I'm sure he has a long term plan to gain control and I'll look forward to hearing it.
I have no problem with taking £40k of his money, after all, we've all had to dip into our pockets because of his actions in 2012.
I notice he says his £40k is conditional on the supporters putting in the other £40k. Perhaps he could match everything else we've all put in to date as well?
I still find it hugely suspect that he wants to boost the budget before building the infrastructure that will actually allow us to progress. All part of getting Martin Gray onside I expect as he knows Gray holds influence and to a section of our support, what Gray says goes.
I'd be much more comfortable if he wanted to keep momentum going off the pitch first and.l foremost rather than on the pitch - we've seen before what happens when you spend more than you can afford on players.
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I have no problem with taking £40k of his money, after all, we've all had to dip into our pockets because of his actions in 2012.
I notice he says his £40k is conditional on the supporters putting in the other £40k. Perhaps he could match everything else we've all put in to date as well?
I still find it hugely suspect that he wants to boost the budget before building the infrastructure that will actually allow us to progress. All part of getting Martin Gray onside I expect as he knows Gray holds influence and to a section of our support, what Gray says goes.
I'd be much more comfortable if he wanted to keep momentum going off the pitch first and.l foremost rather than on the pitch - we've seen before what happens when you spend more than you can afford on players.
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On Sunday April 29, 2012 at 10:25 pm, Darlo Cockney wrote:Sadly some people have nothing better to do that invent rumours.
We will be playing at the arena again next season - fact.
Quakerz - if you actually attended games and spoke to people you might actually find our facts, rather than spreading s*** on this board.
DC
Re: Its here the investment
Everyone's greatest worry with private investment is that after all we've done in reviving our club from the death-bed that it could all turn to dust if someone was in a position to pull the rug from under us. As it stands this appears to have safeguards to ensure that won't happen.
Re: Its here the investment
That is a fair shout Spyman. Would prefer the £40k went into the groundworks pitch and we can probably close that one off inside the week...
Thing is the influence Gray has on fans isn't so much that people want to prioritise the budget over the ground even though we know from this season where that leaves us if we are not sorted by March. We have spent £80,000 which could have nearly built the stand to be no further forward.
Thing is the influence Gray has on fans isn't so much that people want to prioritise the budget over the ground even though we know from this season where that leaves us if we are not sorted by March. We have spent £80,000 which could have nearly built the stand to be no further forward.
Re: its here
Again - I don't think that, really, offers much protection. There are processes in place to wind up a CIC ( which i wont go into here) and once have enough of a voice within that structure you can seek to make changes to the legal entities owning the club. Hell you could buy out the "footballing asset" and leave the CIC as a pure community interest company centered on the sports hub.lo36789 wrote:Mr Tibbs has already covered this. Legally the community benefit company cannot diminish its interests. Basically holding anything above 75% is pointless as it gives you no additional control or anything you are entirely in control of the Articles of Association etc.MKDarlo wrote:How long does it take for someone else to buy 15% and someone else to buy 15% and someone else and suddenly while no one person owns more than 15% one shareholding block does and can then drive the direction of the club.
They issue more share capital at decent prices or preferential shares in exchange for more investment and water down the stock holdings knowing we as fans cant match the investment or put up the money needed to buy a block of shares, they change the articles of association to allow for an automatic buy out at X% and then they take control. It isnt difficult.
If someone else came in to take the share beneath this then actually a share issue could not be agreed to by the DFCSG as it would dimish its interests in the assets which are locked for community benefit.
Re: its here
OK so let's say he has 2 mates who also buy up shares, what do you think the purpose of that would be, what would be the end game?banktopp wrote:Perhaps Pallister will be the next to invest £40000, and then another of his mates.Quakerz wrote:The constitution currently prevents any one individual from owning more than 15% of the club.banktopp wrote:NEVER,NEVER,NEVER.
Beggars belief that this traitor thinks he can buy our club for £40000.
Raj buying £40,000 worth of shares will mean the budget is comfortably boosted whilst he has a shareholding of less than 15%.
In reality, if we accepted this cash injection but then decided after reviewing his further proposals that it would not suit our model going forward, then he can be blocked from acquiring any further shares.
He would simply be another shareholder, and he could either sit on his 40k of shares or start to sell off his shares if he wished.
As it stands the situation is a 40k cash boost with little to lose for us.
Right now, it's a no brainer.
I'm more interested in finding out WHY he wants to be back at the club though - it just makes no sense!
Don't touch his money . Why did he go missing in 2012 and then shaft us. Is there collective amnesia in Darlington.
To gain overall control of the club? (for whatever purpose he wants it). But in this scenario the "group" might hold a majority shareholding but he would only have part of that. So if his intentions were to do us harm, his mates would have to be in on it surely?
Re: Its here the investment
It's a fucking site worse than that. You can always get another girl/boy friend but football clubs are for life.notgnilrad wrote:Raj did give us one of the best days out in my life supporting Darlington and built us a good squad when he was here.
It was what he did after that although Exodus didn't help, what is in it for him and why does he want to come back.
It doesn't make any sense, its like going back to your ex after they have slept with your best mate, doesn't sit right with me somehow.
Re: Its here the investment
I agree that if he were to waltz back in and buy the club with our permission, that we would indeed be the laughing stock of football.Trike1 wrote:he can stick it where the sun doesnt shine
he fucked us over lied piublicly and caused us to start again with those s*** numbers
if he comes back we will be the laughing stock of football
But as it stands he is just wanting to buy a stake which will also inject a decent amount of cash into the boost the budget which has stalled at 23.5k.
If we accept this, we are still able to prevent him acquiring a greater share further down the line if we are not comfortable with his further proposals.
This netcafe should be fascinating.
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Re: Its here the investment
banktopp wrote:It's a fucking site worse than that. You can always get another girl/boy friend but football clubs are for life.notgnilrad wrote:Raj did give us one of the best days out in my life supporting Darlington and built us a good squad when he was here.
It was what he did after that although Exodus didn't help, what is in it for him and why does he want to come back.
It doesn't make any sense, its like going back to your ex after they have slept with your best mate, doesn't sit right with me somehow.
Come to think about it you are bloody right.
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Re: Its here the investment
Its 75% of shareholders in DFC. DFCSG hold 80% of voting rights in DFC. Statement doesn't say what % of DFCSG members would have to vote YES in order for DFCSG to vote their DFC shares in favour of Raj Singh investment.Darlo_Dan wrote:I'm for the investment - its a no brainer under the current model
However, RS is such a divisive character, i can't see us getting 75% of people voting for it
I guess there will be a separate DFCSG statement making that clear soon.
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Re: Its here the investment
If Raj gets in now he will eventually get hold of the club without a doubt.
Say 3 years down the road and Raj has been a good boy, we then need more investment he offers it but wants to take control. If he gets in now then clearly most would allow him to take control at that point, if people are happy with then fair enough but lets not be in denial.
Say 3 years down the road and Raj has been a good boy, we then need more investment he offers it but wants to take control. If he gets in now then clearly most would allow him to take control at that point, if people are happy with then fair enough but lets not be in denial.
Re: its here
But his mates would do his bidding.Quakerz wrote:OK so let's say he has 2 mates who also buy up shares, what do you think the purpose of that would be, what would be the end game?banktopp wrote:Perhaps Pallister will be the next to invest £40000, and then another of his mates.Quakerz wrote:The constitution currently prevents any one individual from owning more than 15% of the club.banktopp wrote:NEVER,NEVER,NEVER.
Beggars belief that this traitor thinks he can buy our club for £40000.
Raj buying £40,000 worth of shares will mean the budget is comfortably boosted whilst he has a shareholding of less than 15%.
In reality, if we accepted this cash injection but then decided after reviewing his further proposals that it would not suit our model going forward, then he can be blocked from acquiring any further shares.
He would simply be another shareholder, and he could either sit on his 40k of shares or start to sell off his shares if he wished.
As it stands the situation is a 40k cash boost with little to lose for us.
Right now, it's a no brainer.
I'm more interested in finding out WHY he wants to be back at the club though - it just makes no sense!
Don't touch his money . Why did he go missing in 2012 and then shaft us. Is there collective amnesia in Darlington.
To gain overall control of the club? (for whatever purpose he wants it). But in this scenario the "group" might hold a majority shareholding but he would only have part of that. So if his intentions were to do us harm, his mates would have to be in on it surely?
We have come so far in 5 years, just got our name back, don't lets fuck it all up by letting Singh anywhere near our club.
The problem is we do not know his true intentions, but how can they be benevolent after all that has gone before.
Re: Its here the investment
Understand what you are saying, not sure why his mates would do his bidding for him though. If his intentions are bad then they would need to have a grudge against Darlo to help him out.
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Re: Its here the investment
Probably would be. I cant think of a club thats got involved again with a bloke that sent them to the wall. I mean what next, george reynolds buying sharesTrike1 wrote:he can stick it where the sun doesnt shine
he fucked us over lied piublicly and caused us to start again with those s*** numbers
if he comes back we will be the laughing stock of football
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Re: Its here the investment
Quakerz wrote:OK so let's say he has 2 mates who also buy up shares, what do you think the purpose of that would be, what would be the end game?
To gain overall control of the club? (for whatever purpose he wants it). But in this scenario the "group" might hold a majority shareholding but he would only have part of that. So if his intentions were to do us harm, his mates would have to be in on it surely?
This scenario you describe above. Is it really that far fetched??
This is Raj Singh we are discussing here - the man who you tagged 'Radged Strings'
He was in charge for two and a half seasons and we were demoted by five levels, probably some kind of record.
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Re: Its here the investment
So this is the man Gray said was at the very top of the game and can help him develop as a manager?
I don't know if I can do it. I want investment badly but I don't trust the bloke, even if we hear him out are you genuinely expecting him to say "I want to invest so I can shaft the club". He can promise the earth but then he would. I just don't see what he gets out of it...
Reading thru social media there seems to be more support for Singh than back when Upshall wanted to build us a ground for nothing in return. Amazing what can happen in a few years.
If there are people behind him that will come forward to invest why not lead with them? Break it to us gently? I can only assume the next one to come forward is George Reynolds.
I don't know if I can do it. I want investment badly but I don't trust the bloke, even if we hear him out are you genuinely expecting him to say "I want to invest so I can shaft the club". He can promise the earth but then he would. I just don't see what he gets out of it...
Reading thru social media there seems to be more support for Singh than back when Upshall wanted to build us a ground for nothing in return. Amazing what can happen in a few years.
If there are people behind him that will come forward to invest why not lead with them? Break it to us gently? I can only assume the next one to come forward is George Reynolds.
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Re: its here
Spyman hits nail on head.super_les_mcjannet wrote:I think you have it spot on Spyman, this is a strategic move. if you accept this, you accept Singh to eventually take over the club, everyone can make their own choice on that.Spyman wrote:Why is he wanting to specifically put his money towards a playing budget for a club that has currently no prospect of achieving promotion?
£40k buys him 15%.
We need to raise a further £160k to get the ground fit for promotion in the next 10.5 months.
I Singh gambling on us failing to achieve this so that come January he can step in and say " you're knocking on the door of promotion bit you can't go up without my help to improve the ground"?
Another £90k (on those figures) would be required from him to go above 50% ownership.
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I would prefer to have a mediocre few seasons watching the team and building up slowly than what appears to be a quick fix.No thanks from me.
Re: Its here the investment
And what happens in a year if we do go up having raised the money for the playing budget and the ground?lo36789 wrote:That is a fair shout Spyman. Would prefer the £40k went into the groundworks pitch and we can probably close that one off inside the week...
Thing is the influence Gray has on fans isn't so much that people want to prioritise the budget over the ground even though we know from this season where that leaves us if we are not sorted by March. We have spent £80,000 which could have nearly built the stand to be no further forward.
We land ourselves in the Conference National with Martin Gray demanding another £'x' to remain competitive. Maybe we'll have another 500 regulars through the gates but is that going to be enough? Or will Gray demand that Singh is allowed to put more in?
Or we miss out on promotion - £80k of fundraising (£40k fro supporters) comes to nothing. Are we expected to do the same? That said, if Gray failed to achieve promotion with a budget he'd set himself, his position would have to be considered.
It just seems that all of this is so likely to spiral out of control.
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On Sunday April 29, 2012 at 10:25 pm, Darlo Cockney wrote:Sadly some people have nothing better to do that invent rumours.
We will be playing at the arena again next season - fact.
Quakerz - if you actually attended games and spoke to people you might actually find our facts, rather than spreading s*** on this board.
DC
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Re: Its here the investment
We know one thing about Singh, he financially mismanaged this football club so badly that we became insolvent and ended up being demoted 4 divisions. I'm not sure this makes him the sort of person you'd want to play an important role in the future financial operations of the football club.
He seems to have failed the first important test, i.e. he's not capable of running a football club.
He seems to have failed the first important test, i.e. he's not capable of running a football club.
Re: Its here the investment
If he wants a stake he needs to match what we have collectively put in over the last five years rebuilding our club, from where he tried to kill the club off,
HE MUST NEVER EVER BE ALLOWED TO GET HOLD OF THE GOLDEN FOOTBALL CLUB SHARE,
I would take his money only as a gift ,however he wants to call the shots saying we must match his 40k playing budget. All i can say is get real raj Singh ,you've Shafted us in 2012, you swore that you had given the golden share to your solicitors to hand over, why LIE,, GIFT THE 40k or do one,show some compassion for what you did.
HE MUST NEVER EVER BE ALLOWED TO GET HOLD OF THE GOLDEN FOOTBALL CLUB SHARE,
I would take his money only as a gift ,however he wants to call the shots saying we must match his 40k playing budget. All i can say is get real raj Singh ,you've Shafted us in 2012, you swore that you had given the golden share to your solicitors to hand over, why LIE,, GIFT THE 40k or do one,show some compassion for what you did.
Re: Its here the investment
Some people seem to have already decided that he intends to own the club outright and then do it harm... and all before hearing what he has to say. One step at a time, ask the questions and vote on what's being put before us.
Re: Its here the investment
Nope - I just didn't want to be the one to come out and suggest it.theoriginalfatcat wrote:Quakerz wrote:OK so let's say he has 2 mates who also buy up shares, what do you think the purpose of that would be, what would be the end game?
To gain overall control of the club? (for whatever purpose he wants it). But in this scenario the "group" might hold a majority shareholding but he would only have part of that. So if his intentions were to do us harm, his mates would have to be in on it surely?
This scenario you describe above. Is it really that far fetched??
It is more far fetched to think he has a couple of pals who would also buy shares in some sort of evil masterplan though.
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Re: Its here the investment
You never knawee. Another ex chairman wanting to put the wrongs of the past wrightSwansQuaker83 wrote:So this is the man Gray said was at the very top of the game and can help him develop as a manager?
I don't know if I can do it. I want investment badly but I don't trust the bloke, even if we hear him out are you genuinely expecting him to say "I want to invest so I can shaft the club". He can promise the earth but then he would. I just don't see what he gets out of it...
Reading thru social media there seems to be more support for Singh than back when Upshall wanted to build us a ground for nothing in return. Amazing what can happen in a few years.
If there are people behind him that will come forward to invest why not lead with them? Break it to us gently? I can only assume the next one to come forward is George Reynolds.
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Re: Its here the investment
LoidLucan wrote:Some people seem to have already decided that he intends to own the club outright and then do it harm... and all before hearing what he has to say. One step at a time, ask the questions and vote on what's being put before us.
It's all very well hearing what he has to say - but can he be believed ?
Cast your mind back .................
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Re: Its here the investment
yea and your sig shows it theoriginalfatcat
Re: Its here the investment
My initial feelings are mixed, to say the least. On the one hand, him acquiring a small amount of shares for £40k is reasonably risk free, and having some external help would make things much easier for us fans. But, as mentioned above, why must it be spent on the budget when we aren't in a position to get promoted? It does hint at the potential for leverage further down the line. Even if we do get the ground up to spec without external help - what about next seasons budget? Or will MG demand further external investment to keep the budget at the level he wants.
The name "Raj Singh" still evokes an uneasy feeling - I'll read the netcafe with great interest. I'll give him the opportunity to put his side forward, but I'm going to take a lot of convincing. And I do feel sorry for whoever will be running it as there will be an obscene amount of questions!
Another question is why are the other individuals not been named? If it was Singh + some others, then it may be much more palatable.
The name "Raj Singh" still evokes an uneasy feeling - I'll read the netcafe with great interest. I'll give him the opportunity to put his side forward, but I'm going to take a lot of convincing. And I do feel sorry for whoever will be running it as there will be an obscene amount of questions!
Another question is why are the other individuals not been named? If it was Singh + some others, then it may be much more palatable.
Re: Its here the investment
One thing's for sure... if we refuse the offer of substantial investment, then going forward we are going to need more than the same 100 or so supporters stumping up for the various fundraising drives.
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Re: Its here the investment
That could be one of the questions, and why did he put us in administration. Could he sleep soundly at night knowing he killed a club with over a 100+ years history and not give us the so called golden share because I know I didn't.Trike1 wrote:yea and your sig shows it theoriginalfatcat
There must be a thousand questions need answering and would love to hear what he has to say about 2012 fiasco.
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Re: Its here the investment
The 40K is not the investment or the beginning of an investment. It simply buys us time to consider the takeover without having to cut the budget for next season. The takeover itself, I suspect, will be a proposal from Singh and others to buy a 51% stake in the club. It won't be through stealth and it won't happen gradually. The proposal will be made and the takeover will be all or nothing offer. The intentions therefore are vital, but I suspect its going to be very difficult to even take the 40K for some of us.
Re: Its here the investment
Never.How can we even contemplate this?
unbelievable
unbelievable