Raj Singh withdraws investment interest
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Re: Raj Singh withdraws investment interest
"Unfinished business". Was that intended to sound so ominous?
Can the club now open itself to other investment approaches?
Can the club now open itself to other investment approaches?
Re: Raj Singh withdraws investment interest
Lol the other investors have walked away basically they were planning to use Raj's money by my reading of that. Oh well distraction over with back to it now.
The paragraph about social media in the middle of the statement was a bit weird either way it's your move Martin Gray.
The paragraph about social media in the middle of the statement was a bit weird either way it's your move Martin Gray.
Last edited by lo36789 on Thu May 11, 2017 7:34 pm, edited 1 time in total.
- grimsbyquaker
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Re: Raj Singh withdraws investment interest
Thin skinned, or has there been another development behind the scenes that has made these plans hit the skids?
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Re: Raj Singh withdraws investment interest
He said he saw the backlash on social media, probably didn't want to see how bad it would be in person if he invested and turned up at a game.grimsbyquaker wrote:Thin skinned, or has there been another development behind the scenes that has made these plans hit the skids?
Re: Raj Singh withdraws investment interest
So, the following extract annoys me.
"As a consequence of his withdrawal and the reasons for it, a second potential investor has also decided not to continue exploring his potential involvement.
Although social media can be a very useful tool, it can have very undesirable effects. I’m really not sure what the solution is as people who sit behind keyboards appear to be able to say anything without knowing the facts and not realising the potential impact in public of some ill-thought comments."
Someone withdrew interest because fans were clearly worried upset and angry that RS was trying to come back.
Secondly, does the club really have to have a go at it's fans again
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"As a consequence of his withdrawal and the reasons for it, a second potential investor has also decided not to continue exploring his potential involvement.
Although social media can be a very useful tool, it can have very undesirable effects. I’m really not sure what the solution is as people who sit behind keyboards appear to be able to say anything without knowing the facts and not realising the potential impact in public of some ill-thought comments."
Someone withdrew interest because fans were clearly worried upset and angry that RS was trying to come back.
Secondly, does the club really have to have a go at it's fans again
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Last edited by shawry on Thu May 11, 2017 7:36 pm, edited 1 time in total.
Re: Raj Singh withdraws investment interest
What did he expect - being welcomed with open arms
One thing I will say - I'm glad he's withdrawn and not been rejected, as this way we hopefully avoid a split in the fanbase
One thing I will say - I'm glad he's withdrawn and not been rejected, as this way we hopefully avoid a split in the fanbase
Re: Raj Singh withdraws investment interest
Didn't even have the guts to explain himself.
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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: Raj Singh withdraws investment interest
How deluded must he be if he did not think there would be a major backlash to his approach.Darlo_Manc wrote:He said he saw the backlash on social media, probably didn't want to see how bad it would be in person if he invested and turned up at a game.grimsbyquaker wrote:Thin skinned, or has there been another development behind the scenes that has made these plans hit the skids?
Re: Raj Singh withdraws investment interest
Can not say im gobsmacked goes to show money does not always talk raj. Right so martin mentioned there was 2 investors whos the other
Re: Raj Singh withdraws investment interest
Basically my reading is that fans had clocked that there was potential to take £40k off him and he could sense there was no way he would be able to get agreement from fan base to get the 51% share he wanted.
The other investor was clearly linked. Don't believe for a second the other investor and their family felt out off because people didn't like Raj Singh - unless of course they were in it with Raj Singh.
The other investor was clearly linked. Don't believe for a second the other investor and their family felt out off because people didn't like Raj Singh - unless of course they were in it with Raj Singh.
Last edited by lo36789 on Thu May 11, 2017 7:40 pm, edited 1 time in total.
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Re: Raj Singh withdraws investment interest
This just illustrates to me why he was not suitable to become a shareholder.
He didn't have the self-awareness to realise his return, after what happened in 2012, would cause anger.
He didn't have the backbone to explain his plans. The other investor was clearly in cahoots with him.
I'm relieved in a way that this issue has been resolved so quickly. I do worry for what comes next though.
All eyes on Martin Gray now. I'm hoping we'll see a display of unity from all sides. If ever there was a time for it, it's now. I do fear however this could get very messy.
He didn't have the self-awareness to realise his return, after what happened in 2012, would cause anger.
He didn't have the backbone to explain his plans. The other investor was clearly in cahoots with him.
I'm relieved in a way that this issue has been resolved so quickly. I do worry for what comes next though.
All eyes on Martin Gray now. I'm hoping we'll see a display of unity from all sides. If ever there was a time for it, it's now. I do fear however this could get very messy.
Last edited by Darlogramps on Thu May 11, 2017 7:40 pm, edited 1 time in total.
Re: Raj Singh withdraws investment interest
As someone has said, it's time for MG to confirm his stance asap.
- JamesDarlo
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Re: Raj Singh withdraws investment interest
Well, if his plan was to kill us again he's not made a bad start, now the fanbase is split in half and we're probably going to lose our coaching staff. Tough times ahead.
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Re: Raj Singh withdraws investment interest
Better to do it now rather than a long protracted period of uncertainty. I would have still liked to know his side of the story going back to 2012 - this could have answered so many unanswered questions.
Wonder where this leaves Gray.
Wonder where this leaves Gray.
“If you can't hit a driver, don't.”
Greg Norman
Greg Norman
Re: Raj Singh withdraws investment interest
I'm glad this circus can now be put to bed. I really hope this actually boosts the current crowdfunding pitches. We're all this in together so let's get these pitches moving again.
Re: Raj Singh withdraws investment interest
Someone has just chucked a substantial amount of money into the seating pitch (£9k I think). I'd imagine it's linked to this news..
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Re: Raj Singh withdraws investment interest
I can't see any other investors queuing up. It will be interesting to see whether MG stays on or for that matter John Tempest he must be getting fed up particularly as it's a volunteer role.
Re: Raj Singh withdraws investment interest
He knew he wouldn't get the 75%.
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Re: Raj Singh withdraws investment interest
https://twitter.com/CStoddartEcho/statu ... 9869391872DFC98765 wrote:How deluded must he be if he did not think there would be a major backlash to his approach.Darlo_Manc wrote:He said he saw the backlash on social media, probably didn't want to see how bad it would be in person if he invested and turned up at a game.grimsbyquaker wrote:Thin skinned, or has there been another development behind the scenes that has made these plans hit the skids?
He was unhappy with criticism according to this.
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Re: Raj Singh withdraws investment interest
This has made my day. Fantastic news. Let's stick together and get on with raising money and making this club a success.
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Re: Raj Singh withdraws investment interest
"Can't wait for Norton away in 2 year" the quality of the response on the clubs twitter. How do you even reason with that sort of argument?
Re: Raj Singh withdraws investment interest
Bye bye MG how can he stay now this has happenef
Re: Raj Singh withdraws investment interest
Now that (imminent) external investment is off the table, we need to move forwards as a club. I'm not sure we can continue exactly as we are - we're down to our last director and he must be getting sick now. There are 2 ways I can see: we either remain fully fan owned, or we try and find another (less controversial) investor in a hybrid model.
Both come with risks. Remaining fan owned I think we need some sort of model like FCUM have (http://www.fc-utd.co.uk/2013_uploads/FC ... 202017.pdf), and decide which roles need to be paid (I think we have to start having some paid staff away from football, even if it's a reduced playing budget). In a hybrid model, instead of the manager going off looking for people, we could produce a professional brochure where we look for investment for a percentage, and in a model the majority would be happy with. We may not get any takers, but you never know.
I don't know the answer as to what's best for the club, but I know it probably wasn't Singh.
Both come with risks. Remaining fan owned I think we need some sort of model like FCUM have (http://www.fc-utd.co.uk/2013_uploads/FC ... 202017.pdf), and decide which roles need to be paid (I think we have to start having some paid staff away from football, even if it's a reduced playing budget). In a hybrid model, instead of the manager going off looking for people, we could produce a professional brochure where we look for investment for a percentage, and in a model the majority would be happy with. We may not get any takers, but you never know.
I don't know the answer as to what's best for the club, but I know it probably wasn't Singh.
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Re: Raj Singh withdraws investment interest
I don't really see how this could have had a positive ending either way.
If we accepted his offer, it would have been humiliating, poisonous and split the fanbase, as well as causing massive amounts of uncertainty.
If we rejected his offer, we're still left with massive amounts of fundraising and question marks over the future of our coaching team.
It was a horrendous position to be in.
If we accepted his offer, it would have been humiliating, poisonous and split the fanbase, as well as causing massive amounts of uncertainty.
If we rejected his offer, we're still left with massive amounts of fundraising and question marks over the future of our coaching team.
It was a horrendous position to be in.
- Magical Quakers
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Re: Raj Singh withdraws investment interest
Hallelujah!
Re: Raj Singh withdraws investment interest
hopefully the manager situation can be sorted quickly. If we lose Martin Gray then Boost the Budget becomes redundant. Still a nice little fund though but perhaps for the first year it is reinvested in the ground rather than funding his backroom staff.
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Re: Raj Singh withdraws investment interest
Couldn't agree more.al_quaker wrote:What did he expect - being welcomed with open arms
One thing I will say - I'm glad he's withdrawn and not been rejected, as this way we hopefully avoid a split in the fanbase
Although as I said all along the 'yes' vote was always an uneasy one.
Lol, I'm glad it was only a poor rumour after all!
Last edited by comeondarlo on Thu May 11, 2017 8:00 pm, edited 1 time in total.
Re: Raj Singh withdraws investment interest
lo36789 wrote:hopefully the manager situation can be sorted quickly. If we lose Martin Gray then Boost the Budget becomes redundant. Still a nice little fund though but perhaps for the first year it is reinvested in the ground rather than funding his backroom staff.
Totally agree
- Magical Quakers
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Re: Raj Singh withdraws investment interest
Wonder if he will try to take his £10k back from the other pledge?