DFCRG Statement 13th Jan
by Scott Thornberry - 13th January 2012
Funds were secured by the Group to make an offer to the administrator to extend the period of administration to 31 January . For reasons which cannot be disclosed, these funds are inappropriate for this particular purpose
In this last minute of extra time for the football club; its 129 year history; the living legend that is Craig Liddle….. the Group is asking The Darlington Supporters’ Trust to allocate for this same purpose of extending the period of administration to 31 January the £50,000 which was originally raised by supporters in 2004 for this selfsame purpose – that is, to save Darlington FC.
The Group is optimistic that an offer based upon this £50,000, if placed by Monday 10.30 a.m., will be acceptable.
Comments
swagger - 13th January 2012 19:56:38
wow! this will be interestingAIDO - 13th January 2012 20:00:00
.... I think that old familiar comment "oh dear" comes to mind ....
wylam_rangers - 13th January 2012 20:01:01
How can funds be deemed to be inappropriate at this point unless Darlo Pete has raised 50k by dogging and kerb crawling??We're fucked if we expect the Trust to hand over the cash by 1030 on Monday - they won't even be awake by then!
carver30 - 13th January 2012 20:01:31
Its time for them to show some balls aidomikkyx - 13th January 2012 20:01:40
I can see this being a fun thread so I'll remind you all in advance to choose your words carefully.I don't need any more legal threats!
MKDarlo - 13th January 2012 20:01:53
something isnt quite adding up hereted_do - 13th January 2012 20:02:43
This dose not look good I think we better start donating to DUFFS and quickly cos if past history is anything to go by I doubt the trust will cough up the cash.quakermass - 13th January 2012 20:03:05
A tough one. The statement by the rescue group in this instance is very woolly and doesn't give much away at all. As much as I'm all for the trust using these funds for the benefit of rescuing the club in its current format, I can't see them handing over £50k before 10:30am on the back of that statement. Hopefully this isn't the first the trust have heard of this request and have been liaising with the rescue group prior to the statement.I was on a bit of a high this morning, expecting some good news after yesterdays build up but the recent news and the demands that come with it doesn't look good for the club.
I can't take much more of all of this..as a fan it's becoming quite draining.
Time for a beer and a takeaway to take my mind off it for half an hour.
princebishop - 13th January 2012 20:03:31
Begs the question - why can they not use their other funds? Why are they unable to use them?Over to the Trust to play their part, but are they able to extract the £50k quickly enough?
carver30 - 13th January 2012 20:04:06
Seriously you would like to think they have been involved in talks today as this is now the end game. Do they want to go down in history as been the people who let the club disappear.AIDO - 13th January 2012 20:04:54
I did choose my words well .... but I didn't type them up on here ....mikkyx wrote:I can see this being a fun thread so I'll remind you all in advance to choose your words carefully.
I don't need any more legal threats!
This is the 21st Century ffs .........
LoidLucan - 13th January 2012 20:07:11
Doesn't the Trust need to ask its members before shelling out the £50,000 and isn't this quite a tight timetable in which to do that? Also this statement about the rescue group's funds being "inappropriate"... surely it's either got the necessary backing or it hasn't. It begs a lot of questions.shawry - 13th January 2012 20:07:56
I guess if the funds the group were looking to use were a loan of some sort, maybe the administrator thinks thats not a suitable method of keeping us running.Also, I dont see how its viable for the Trust to make a decision about the funds that quickly, unless it agrees in principle, expecting to be able to get a vote carried out at the meeting next week?
TBH, this isnt really the good news I was hoping to read, infact its more than a little depressing
quakermass - 13th January 2012 20:08:42
Also is the administrator really doing all in his power to keep the club going as long as possible? I'm hoping he hasn't resigned to us going into liquidation too premature as everything seems to be very hurried the way it's being handled. I've never known a club given such a short space of time to get things sorted, especially as our debt isn't ridicously high.LoidLucan - 13th January 2012 20:10:27
The adminstrator is obviously worried that he will be left to pick up the tab if he agrees to a reprieve and the cash isn't on the table... which it clearly isn't.swagger - 13th January 2012 20:11:33
would the meeting on monday be with the trust?shawry - 13th January 2012 20:11:40
quakermass wrote:Also is the administrator really doing all in his power to keep the club going as long as possible? I'm hoping he hasn't resigned to us going into liquidation too premature as everything seems to be very hurried the way it's being handled. I've never known a club given such a short space of time to get things sorted, especially as our debt isn't ridicously high.
We have no income bar match days - and up until last night no viable investor (hopefully thats changed now)
The administrator would be remiss if he kept the club running just in case someone might come forward.
wellindarlo - 13th January 2012 20:12:18
A big guess on my part, but, if the DFCRG have been able to secure funds in some form that can't actually be handed to the administrator (because it is tied up) they may be able to use it as collateral with the Trust i.e. the Trust hands over the £50k to get the extension to the end of the month and there is £50k secure elsewhere that the DFCRG will give back to the trust at at later date when they can access it.Regardless, it seems the extension to the end of the month and the chance of working through to a more realistic solution is in the Trusts hands.
MKDarlo - 13th January 2012 20:12:25
1) Why was the money offered by DFCRG deemed "inappropriate for this particular purpose?"2) On what basis was the money offered to the administrator?
3) Was it expected to be returned? Was it secured in some way? Was it conditional in some way?
4) Why is £50k of the Trust money "appropriate" to give away while 50k of the DFCRG money is not?
5) Was the DFCRG money a gift as I assume they expect the Trust money to be?
6) What is the bigger picture?
7) How close is a rescue deal?
8) Who is coming to our aid?
9) What are their plans
10) What is the chance the 50k will simply disappear into the black hole that is DFC removing any chance of starting again?
11) What will the £50K buy us?
12) Is this an attempt to deflect blame/recrimination if(when?) things go wrong?
13) Are the Trust involved in these negotiations? What standing do DFCRG have to ask for the money?
14) On what basis are the DFCRG optimistic that an offer based upon this £50,000, if placed by Monday 10.30 a.m., will be acceptable.
15) Why such an emotional “call to arms?”
16)What is wrong?
17)What don’t we know?
18) WHO has deemed it "inappropriate" to use the DFCRG money in this way? The administrator? DFCRG? A.N. Other?
God this raises more questions than it answers! FFS
How can the trust decide what to do on the wording and value of this statement?
ted_do - 13th January 2012 20:13:08
I have also been thinking this as well and why are Kettering still in business but we only allowed hours to livequakermass wrote:Also is the administrator really doing all in his power to keep the club going as long as possible? I'm hoping he hasn't resigned to us going into liquidation too premature as everything seems to be very hurried the way it's being handled. I've never known a club given such a short space of time to get things sorted, especially as our debt isn't ridicously high.
theoriginalfatcat - 13th January 2012 20:14:05
If the trust don't play ball and the club folds because of this reason, I suspect that a number of people won't wish to become involved with a new club that is started with this money."Darlo's Death Money"
LoidLucan - 13th January 2012 20:15:04
It all looks very unsatisfactory. The rescue group can't satisfy the administrator and so, at the 11th hour, the hot potato is quickly passed to the Trust, with no notice and the clock ticking.I think we need this potential bidder to step forward on Monday or it's tits up.
AIDO - 13th January 2012 20:15:17
.... I've obviously missed something .... wasn't there to be a proposed meeting with "an investor" on Monday (hence the extension)? .... Don't tell me "the investor" is the Trust ...... Please!!!!!MKDarlo - 13th January 2012 20:15:24
what if the club folds on 01/01/2012 - how do we start a new club without that money?theoriginalfatcat wrote:If the trust don't play ball and the club folds because of this reason, I suspect that a number of people won't wish to become involved with a new club that is started with this money.
"Darlo's Death Money"
Wainy247 - 13th January 2012 20:16:58
Can't believe that the Administrator could not find a way of keeping the club going for another few days with the prospect of a decent payout for the Fleetwood game next week.shawry - 13th January 2012 20:18:07
Ignoring all your previous in that post, which tbh, seemed to be the same 5 points or so repeated over in different wordingMKDarlo wrote:
How can the trust decide what to do on the wording and value of this statement?
The Trust cannot be expected to make a decision on this statement, however, they have this weekend and monday morning to pull their collective finger out and speak to the rescue group to get details and answers to probably quite a lot of your questions.
This needs the Trust to be proactive, it needs them to contact people rather than wait to be contacted, and get the answers to the difficult questions,
shawry - 13th January 2012 20:19:18
Wainy247 wrote:Can't believe that the Administrator could not find a way of keeping the club going for another few days with the prospect of a decent payout for the Fleetwood game next week.
Because that decent payout is still less than the debt we incur up to that point I would assume.
Winehouse - 13th January 2012 20:20:06
It is Game Over I'm afraid.ambiente - 13th January 2012 20:20:35
Do we know definitely whether the £50k was donated to save this club or to start a new one. I for one am totally confused and am keen to learn for what purpose people donated it all those years ago.quakermass - 13th January 2012 20:21:00
Surely all administrations are as a result of dire financial affairs so why are we any different to the others? As soon as the administrator was appointed all we were given was a matter of days before we were potentially liquidated? OK that's the easy option but with the home games we have coming up and the potential funding from those games, as well as the potential interest that's drumming up, why the major panic? why also are we relying on 10:30am to get £50k into the coffers.Surely things aren't that bad that we can't wait another 48 hours or so?These questions will no doubt will go unanswered as this is Darlo.
shawry - 13th January 2012 20:24:48
Because extending over the weekend is already further than the admin hinted he was willing to do.quakermass wrote:Surely all administrations are as a result of dire financial affairs so why are we any different to the others? As soon as the administrator was appointed all we were given was a matter of days before we were potentially liquidated? OK that's the easy option but with the home games we have coming up and the potential funding from those games, as well as the potential interest that's drumming up, why the major panic? why also are we relying on 10:30am to get £50k into the coffers.Surely things aren't that bad that we can't wait another 48 hours or so?
These questions will no doubt will go unanswered as this is Darlo.
I would assume the funding from the games will still result in a net loss over the period.
Its all well and good us saying its a cash day, and season ticket holders will pay instead, but they dont actually have to.
I think we need to realise that with no real income, and no assets, then this admin was always potentially going to be a short one.
swagger - 13th January 2012 20:25:34
01/01/2012 ?MKDarlo wrote:what if the club folds on 01/01/2012 - how do we start a new club without that money?theoriginalfatcat wrote:If the trust don't play ball and the club folds because of this reason, I suspect that a number of people won't wish to become involved with a new club that is started with this money.
"Darlo's Death Money"
hodgie1 - 13th January 2012 20:25:56
as far as i know, the board members arent aware of this statement - the whole situation is a joke, the trust cant simply hand over the cash, the members have to agree to it, so its not that simpleRocky Dennis - 13th January 2012 20:26:17
I wonder if one of the rescue group was going to re mortgage a house or business to raise the 50k only to be told not to take the risk.shawry - 13th January 2012 20:27:13
I would add, if this is a short admin and we do go pop, at least its early enough for proper focus to be put into a new club.LoidLucan - 13th January 2012 20:27:49
The £50K is to provide sustainable football in Darlington for the future and its spending is to decided by the Trust and its members. Not much in the rescue group's statement about whether there will be a "sustainable" future if the cash is spent. The top and bottom is the the big bucks needed to assure the future are not there in the eyes of the admin. Not unless someone with the necessary readies steps forward on Monday.MKDarlo - 13th January 2012 20:28:20
bloody fingers wont work!!!!!!!!!!!!!swagger wrote:01/01/2012 ?MKDarlo wrote:what if the club folds on 01/01/2012 - how do we start a new club without that money?theoriginalfatcat wrote:If the trust don't play ball and the club folds because of this reason, I suspect that a number of people won't wish to become involved with a new club that is started with this money.
"Darlo's Death Money"
01/02/2012
1Superlidds - 13th January 2012 20:28:35
....and how long do you propose they give their members to consider the offer? Its a democratic group of one member one vote the Board does not have the authority to make such big decisions without the members say soshawry wrote:Ignoring all your previous in that post, which tbh, seemed to be the same 5 points or so repeated over in different wordingMKDarlo wrote:
How can the trust decide what to do on the wording and value of this statement?
The Trust cannot be expected to make a decision on this statement, however, they have this weekend and monday morning to pull their collective finger out and speak to the rescue group to get details and answers to probably quite a lot of your questions.
This needs the Trust to be proactive, it needs them to contact people rather than wait to be contacted, and get the answers to the difficult questions,
stigma - 13th January 2012 20:28:56
I put £100 in the bucket all those years ago to help save Darlo. I'm a lapsed member of the Trust so I know that I don't have any rights over it (and I don't need any arguments - that's why I'm a lapsed member of the Trust and why I am not an active poster on this board) but I would be quite happy for the Trust to use my £100 in this way to save the club I love. Or buy £100 of lottery tickets.theoriginalfatcat - 13th January 2012 20:29:16
Not so many Tweets from Echo reporters etc now.This looks bad.
I too think the time scale is too tight. It sounds like the adminfirm legally must have a money top up. Scott and Sizer would have access to money like this, perhaps with a legal agreement that says the trust will follow on.
And quakermass, other clubs might have assets. We don't. Perhaps this is the reason but the time scale, it's unreasonable.
swagger - 13th January 2012 20:30:56
how much do the admin .s cost per week as they will want there moneytheoriginalfatcat - 13th January 2012 20:32:00
Here's a stunning idea.All the Trust members get together this weekend for AN EMERGENCY MEETING.
They VOTE on what to do.
Ready for Monday.
LoidPhil - 13th January 2012 20:32:17
Are DFRG asking for 50k to be invested to keep us going until the end of the month?If so remember that S&S made an offer to match any monies invested by the Trust up to 50k. That being the case, assuming that offer is still on the table, the Trust only need to offer 25k, which when matched by S&S will provide the necessary funding.
Or.....are the DFRG asking the trust to invest their 50k and for that to be matched by S&S to provide 100k of funding?
princebishop - 13th January 2012 20:32:24
If the Rescue Group cannot find£50k between them, then I would be surprised. How many are in there, five! £10k a person? Hardly a vast amount of money for successful business men to find is it?
carver30 - 13th January 2012 20:33:18
Have to agree why Monday? I wouldnt really trust any administrators after going through one myself when my business folded, they are after their fees before anything else.shawry - 13th January 2012 20:36:48
TBH, why would they be aware, it seems that they havent really had much time for the RG, which is fine, but this option has been put forward as an option, basically if their funding was via loan, this is unlikely to be deemed an acceptable method of securing an extension.hodgie1 wrote:as far as i know, the board members arent aware of this statement - the whole situation is a joke, the trust cant simply hand over the cash, the members have to agree to it, so its not that simple
So basically the only other viable option is the Trust, nothing we can do about that, and nor is that anything the RG can do, all they can do is put the ball in the court of the trust and see whether its possible.
Ultimately in this the Trust need to see whether the RG have a sustainable plan for Darlo - this would of been easier if they got involved when invited, as they would of known more what the RG were discussing.
If the Trust speak to the RG and satisfy themselves that the plan for a sustainable Darlo seems workable then i assume they could approach the admin and say subject to a vote they can commit the 50k. i understand the Trust has a meeting on Thursday, so they could vote then, and if passed, which i assume it would be if the board were to endorse it based on their meeting then the monies could be paid Friday
quaker4life - 13th January 2012 20:38:42
If I remember rightly in response to the offer from Scott & Sizer, which I am assuming has now been shelved? They spoke of a long term solution, the question is will they support this? As has been said already it won't save the club and will only keep the it going for a further few weeks also there has been no serious bids for the club as yet despite the administrators repeated warnings a quick resolution was needed.Also didn't hodgie post saying the trust members had to vote on it? Will they be able to do this on such a short time scale? Have they appointed new board members since the Taylors resigned, how will this affect it?
Leaves more questions than answers unfortunately, we shall see on monday.
theoriginalfatcat - 13th January 2012 20:40:09
Very strange.There's going to an incredible fall out if this goes tits up.
PierremontQuaker03 - 13th January 2012 20:41:24
I think the crux of the issue is that if the administrator continues the business the administrator is LIABLE for any losses which means we are in deep kak.While the DFCRG believe we can continue to 31st Jan - creditors will start to mount up, not only the administrators fee's.
I think Monday is the bigger crunch day than today - as he was never going to liquidate at 5pm Friday - fingers crossed this secret investor is crediable.
shawry - 13th January 2012 20:41:56
Theyve got together to try and help make a sustainable club, they werent going to be pouring money in.princebishop wrote:If the Rescue Group cannot find
£50k between them, then I would be surprised. How many are in there, five! £10k a person? Hardly a vast amount of money for successful business men to find is it?
If they have a business model already, and it seems sound, then basically theres no real reason for the Trust not to do this.
The problem I see is that the Trust are rightly scared of losing all the cash, however, if somehow we are saved, and the club becomes a community club, and already has a sustainable business plan, then there is no need for the Trust money, and it in essence gets sat on again until we have another crisis.
At some point, £50k will be worth fuck all in real terms, and then the Trust will of become largely worthless.
theoriginalfatcat - 13th January 2012 20:44:11
Scott and Sizer have been on this board to say that the offer still holds. And holds with anyone. They say they will match any money pound for pound up to 50K.shawry - 13th January 2012 20:45:44
goldensyrup wrote:LoidLucan wrote:Doesn't the Trust need to ask its members before shelling out the £50,000 and isn't this quite a tight timetable in which to do that? Also this statement about the rescue group's funds being "inappropriate"... surely it's either got the necessary backing or it hasn't. It begs a lot of questions.
Well said Loid
I dont think its acceptable to use loans to extend an administration, that would be fairly irresponsible, so if thats where the money was from its really not surprising that the Admin turned it down.
Hilly - 13th January 2012 20:47:20
If this does go to a vote, are we likely to see a sudden influx of members joining just so they can have a vote?Haji el Maveric - 13th January 2012 20:49:15
How can funds be inappropriate?
theoriginalfatcat - 13th January 2012 20:51:49
Everyone's s*** scared of putting their money in for obvious reasons, but the admin's time scales are unreasonable.PS. G'syrup.
The rescue group have been working their nuts off. Tell me what the Trust have done?
ted_do - 13th January 2012 20:52:01
Have to say Hodgie is right even for a fully functioning Trust it would be impossible for the money to be handed over on Monday.hodgie1 wrote:as far as i know, the board members arent aware of this statement - the whole situation is a joke, the trust cant simply hand over the cash, the members have to agree to it, so its not that simple
Hilly - 13th January 2012 20:54:07
I don't see how this is going to be feasible. Like it or lump it The Trust needs to ask all of their members to vote. To do that by 10.30am Monday morning is nearly impossible, plus I'm sure members will won't to know more about what the DFCRG are planning to do, because at the minute we don't know jack.Members will need to make an informed decision based on all the facts - so I think Doug or another member of the DFCRG need to start explaining things and soon.
we_8_poolie - 13th January 2012 20:55:30
100 members....a few simple phone calls / emails ...sortedquaker4life - 13th January 2012 20:58:11
You would think DFCRG would have contacted the trust and arranged a meeting but it would seem from what Hodgie says no contact has been made at all, if so this is irresponsible of them, it gives the impression that they are simply assuming the trust money can simply be handed over.Hilly - 13th January 2012 20:59:09
...and ask them to vote on what information? A poorly worded statement?we_8_poolie wrote:100 members....a few simple phone calls / emails ...sorted
I only became a member a week ago (lapsed member before that), so even if I'm allowed to have a vote, I want to vote based on all the facts. At the minute I have no idea what the DFCRG have in mind, what they have found in the accounts etc...
Bizza - 13th January 2012 21:00:00
That's it then, we are fucked. The Trust will not be able to release the funds in time even if they were willing to do so.we_8_poolie - 13th January 2012 21:01:04
But you've joined the Trust based on what ? The promise that at some time soon they may come out of hibernation ?Allan Quatermain - 13th January 2012 21:01:22
I don't believe for one minute that any of the DFCRG has released that press release without contacting the Trust first.quaker4life wrote:You would think DFCRG would have contacted the trust and arranged a meeting but it would seem from what Hodgie says no contact has been made at all, if so this is irresponsible of them, it gives the impression that they are simply assuming the trust money can simply be handed over.
leedscol - 13th January 2012 21:02:45
I'm a life member so am presumably entitled to a vote.I really don't know.They'll be damned if they do and damned if they don't.
MKDarlo - 13th January 2012 21:03:16
DFCRG - Issue a more complete stetement for gods sake! What is going on?3BlackHoops - 13th January 2012 21:04:31
Until now, I have always kept an open mind as to what the Trust should do with the 50k. However, whilst there are clearly some issues that are not being reported here, on the basis of what is being reported there is now only one logical option open to it:Either it uses the 50k to save the club, or it chooses to be remembered as the body that knowingly chose to let the club die when it had the ability to save it.
In such a situation, if the Trust chose to let the club die, it would matter not one jot that it later chose to invest the 50k to help start up a new club. Instead, it would always be remembered as having neglected to save the 129-year history of Darlington FC at a time when it had the funds -- raised directly from the club's supporters -- to do so.
Whilst I can accept that some may feel the 50k should be saved in case it subsequently proves necessary to start a phoenix club, the reality is that 50k is not an overly large sum and, given time, could undoubtedly be raised from amongst supporters, local businesses and the football community (just as, for example, the 8k was in the space of a mere 48 hours).
The Trust has not had a good press in some quarters just recently, but it now has it in its hands to change this and get us all behind it.
One thing's for sure, the next few days will determine how history will portray not only the history of the club, but also the image of the Trust.
LoidLucan - 13th January 2012 21:06:05
I would have thought any member of the trust would probably say yes if it was shown that the £50K will help to ensure a long-term viable future for Darlington FC. If that can't be shown and there is the distinct possiblity it would end up disappearing into the administration for just a couple of weeks grace then the answer would have to be no. The rescue group have said nothing that I can see to say this will bring a long-term sustainable future for the club.MKDarlo - 13th January 2012 21:07:05
But 3blackhoops the Trust DOESNT have the ability to save the club. It has the ability to extended the death period until the end of the month. What happens after that?theoriginalfatcat - 13th January 2012 21:08:40
Could not DFCRG acquire funds that were appropriate. S+S would double it. Or say they will,for some reason I believe them.Bizza - 13th January 2012 21:08:54
So what happens after the 31st if no Investor is found? We'll be back in this shitstorm without 50k to help get the phoenix club set up.shawry - 13th January 2012 21:09:04
Sorry Ian missed this, tbh the Trust should of organised an EGM as soon as Raj stopped paying players, so they could discuss ways to start raising awareness, and funds etc.1Superlidds wrote:....and how long do you propose they give their members to consider the offer? Its a democratic group of one member one vote the Board does not have the authority to make such big decisions without the members say soshawry wrote:Ignoring all your previous in that post, which tbh, seemed to be the same 5 points or so repeated over in different wordingMKDarlo wrote:
How can the trust decide what to do on the wording and value of this statement?
The Trust cannot be expected to make a decision on this statement, however, they have this weekend and monday morning to pull their collective finger out and speak to the rescue group to get details and answers to probably quite a lot of your questions.
This needs the Trust to be proactive, it needs them to contact people rather than wait to be contacted, and get the answers to the difficult questions,
I dont know whether its viable to do give the money, but if they dont look into it, then they are being remiss, they could approach the admin if they think its viable and say that as long as its passed via vote then the funds will be forthcoming, then they could tell everyone what the proposal is, together with details via the web site, this forum, the echo, the gazette, Tees, TTTV, etc. Then vote on it at the meeting on Thursday.
At least if they do this, then theyve done as much as they can.
Obviously I'm not suggesting the Trust piss the money away if they dont think the RG has a viable business plan, but at least look into it, and if they dont think its viable come out and say unfortunately they dont think its workable, and as such will not be offering the funds.
MKDarlo - 13th January 2012 21:11:04
my point exactly - Can you make a call on that statment from DFCRG?Bizza wrote:So what happens after the 31st if no Investor is found? We'll be back in this shitstorm without 50k to help get the phoenix club set up.
Hilly - 13th January 2012 21:14:01
I think we can all agree that there have been issues within The Trust, that is undoubtable, however putting that to one side the rest of your post is bang on.shawry wrote:Sorry Ian missed this, tbh the Trust should of organised an EGM as soon as Raj stopped paying players, so they could discuss ways to start raising awareness, and funds etc.1Superlidds wrote:....and how long do you propose they give their members to consider the offer? Its a democratic group of one member one vote the Board does not have the authority to make such big decisions without the members say soshawry wrote:Ignoring all your previous in that post, which tbh, seemed to be the same 5 points or so repeated over in different wordingMKDarlo wrote:
How can the trust decide what to do on the wording and value of this statement?
The Trust cannot be expected to make a decision on this statement, however, they have this weekend and monday morning to pull their collective finger out and speak to the rescue group to get details and answers to probably quite a lot of your questions.
This needs the Trust to be proactive, it needs them to contact people rather than wait to be contacted, and get the answers to the difficult questions,
I dont know whether its viable to do give the money, but if they dont look into it, then they are being remiss, they could approach the admin if they think its viable and say that as long as its passed via vote then the funds will be forthcoming, then they could tell everyone what the proposal is, together with details via the web site, this forum, the echo, the gazette, Tees, TTTV, etc. Then vote on it at the meeting on Thursday.
At least if they do this, then theyve done as much as they can.
Obviously I'm not suggesting the Trust piss the money away if they dont think the RG has a viable business plan, but at least look into it, and if they dont think its viable come out and say unfortunately they dont think its workable, and as such will not be offering the funds.
I'm sure if members were given all the facts to make a choice, and that choice proved unanimously that it was worthwhile putting that money in then it would get passed easily, as it stands though nobody has a clue.
darlobhoy - 13th January 2012 21:14:50
It's an odd one. I wonder if DFCRG have offered a garuntee from the uplift of the development that seems to have been the subject of discussions today. The Administrators have been this unacceptable and need cash to cover running costs (rather than the promise of cash). Obviously the Trust's fund would do that, but it mean they could only be repaid by DFCRG in the same way that the Administrators deemed unpalatablelo36789 - 13th January 2012 21:15:02
.quaker4life - 13th January 2012 21:17:10
This ^MKDarlo wrote:But 3blackhoops the Trust DOESNT have the ability to save the club. It has the ability to extended the death period until the end of the month. What happens after that?
Beat me to it MKDarlo, the trust is in a catch 22 situation with regards to the £50k they could hand it over to the existing club only for it to fold in which case it disappears and then people would complain they chucked it down a black hole when it could have been used to set up a new club?
And on the other hand people would say why didn't you give it to the old DFC which is what it was meant for when you had the chance you could have saved it etc, etc they can't win.
People need to realise and realise soon the trust money is NOT a long term solution.
shawry - 13th January 2012 21:18:44
The issue here is the Trust need to be the ones asking the RG questions, as its them putting the money in, so ask questions and react according to the answers you get. The money is too important to give up based on a statement, the Trust need to satisfy themselves that its a worthwhile risk, so they have to be the ones asking the questions.Hilly wrote:I think we can all agree that there have been issues within The Trust, that is undoubtable, however putting that to one side the rest of your post is bang on.shawry wrote:Sorry Ian missed this, tbh the Trust should of organised an EGM as soon as Raj stopped paying players, so they could discuss ways to start raising awareness, and funds etc.1Superlidds wrote:....and how long do you propose they give their members to consider the offer? Its a democratic group of one member one vote the Board does not have the authority to make such big decisions without the members say soshawry wrote:Ignoring all your previous in that post, which tbh, seemed to be the same 5 points or so repeated over in different wordingMKDarlo wrote:
How can the trust decide what to do on the wording and value of this statement?
The Trust cannot be expected to make a decision on this statement, however, they have this weekend and monday morning to pull their collective finger out and speak to the rescue group to get details and answers to probably quite a lot of your questions.
This needs the Trust to be proactive, it needs them to contact people rather than wait to be contacted, and get the answers to the difficult questions,
I dont know whether its viable to do give the money, but if they dont look into it, then they are being remiss, they could approach the admin if they think its viable and say that as long as its passed via vote then the funds will be forthcoming, then they could tell everyone what the proposal is, together with details via the web site, this forum, the echo, the gazette, Tees, TTTV, etc. Then vote on it at the meeting on Thursday.
At least if they do this, then theyve done as much as they can.
Obviously I'm not suggesting the Trust piss the money away if they dont think the RG has a viable business plan, but at least look into it, and if they dont think its viable come out and say unfortunately they dont think its workable, and as such will not be offering the funds.
I'm sure if members were given all the facts to make a choice, and that choice proved unanimously that it was worthwhile putting that money in then it would get passed easily, as it stands though nobody has a clue.
MKDarlo - 13th January 2012 21:19:49
Agreed - Would you part with £50k of your money on the basis of the statement form DFCRG? I wouldnt!quaker4life wrote:This ^MKDarlo wrote:But 3blackhoops the Trust DOESNT have the ability to save the club. It has the ability to extended the death period until the end of the month. What happens after that?
Beat me to it MKDarlo, the trust is in a catch 22 situation with regards to the £50k they could hand it over to the existing club only for it to fold in which case it disappears and then people would complain they chucked it down a black hole when it could have been used to set up a new club?
And on the other hand people would say why didn't you give it to the old DFC which is what it was meant for when you had the chance you could have saved it etc, etc they can't win.
People need to realise and realise soon the trust money is NOT a long term solution.
PierremontQuaker03 - 13th January 2012 21:23:27
the key issues as I see it:a. will the trust gives us the 50k
b. The administrator becomes liable to some of the debt if the club is kept going
c. Will Raj confirm in writing that he is willing to write off the debts.
At the end of the day, the trust could hand over the 50k, Raj could decide to call in his debts and then the club will close.
Hilly - 13th January 2012 21:24:34
Given that The Trust claim they are still awaiting a call from S&S in regards to the 50K Money-Match, I don't know whether that is likely to happen. I think it's up to the DFCFG to 'sell' the idea to The Trust to be honest seeing as though they're the ones wanting the money.shawry wrote:The issue here is the Trust need to be the ones asking the RG questions, as its them putting the money in, so ask questions and react according to the answers you get. The money is too important to give up based on a statement, the Trust need to satisfy themselves that its a worthwhile risk, so they have to be the ones asking the questions.
shawry - 13th January 2012 21:31:56
I dont know details on the Trust obviously, the problem is as I see it, trying to sell the idea isnt good as you may miss details - its the Trusts responsibility to ask all the difficult questionsHilly wrote:Given that The Trust claim they are still awaiting a call from S&S in regards to the 50K Money-Match, I don't know whether that is likely to happen. I think it's up to the DFCFG to 'sell' the idea to The Trust to be honest seeing as though they're the ones wanting the money.shawry wrote:The issue here is the Trust need to be the ones asking the RG questions, as its them putting the money in, so ask questions and react according to the answers you get. The money is too important to give up based on a statement, the Trust need to satisfy themselves that its a worthwhile risk, so they have to be the ones asking the questions.
I dont think the RG actually want the money, as it read that the Trust needed to approach the admin?
This is really difficult, I want to back the Trust, but find that it seems to hide behind the fact that decisions cant be made quickly.
I want to believe in the rescue group, because it promises sustainable football if it can, but ultimately we need to see details, but I understand that these sort of things take time.
Both groups should be talking to each other, there is absolutely no reason why they shouldnt be surely?
3BlackHoops - 13th January 2012 21:34:13
The DFCRG has previously pointed out that the team has "two high-profile home games on consecutive weekends in January. Firstly, against Fleetwood Town on Saturday, 21st January; secondly, the local derby against York City on Saturday, 28th January." Note too the statement that: "The group is using its best endeavours to ensure that these crucial games go ahead."MKDarlo wrote:But 3blackhoops the Trust DOESNT have the ability to save the club. It has the ability to extended the death period until the end of the month. What happens after that?
The revenue from these games will provide further funding, which -- given the lower overheads as a result of the now vastly reduced playing budget -- I suspect the DFCRG's accountants have advised will be sufficient to enable us to keep going and subsequently, in the games that follow, turn over enough income to get through to July (the original estimate of the time needed to restructure as a community club).
quaker4life - 13th January 2012 21:39:05
The sad thing is if were not for the £50k nobody would batter an eye lid at the trust.MKDarlo wrote:Agreed - Would you part with £50k of your money on the basis of the statement form DFCRG? I wouldnt!
Hilly - 13th January 2012 21:39:21
We've been told that we need roughly 400k to get us to the end of the season. I simply cannot see those games (and the ones in the future) coupled with the lower overheads, being enough to satisfy that figure.3BlackHoops wrote:The DFCRG has previously pointed out that the team has "two high-profile home games on consecutive weekends in January. Firstly, against Fleetwood Town on Saturday, 21st January; secondly, the local derby against York City on Saturday, 28th January." Note too the statement that: "The group is using its best endeavours to ensure that these crucial games go ahead."MKDarlo wrote:But 3blackhoops the Trust DOESNT have the ability to save the club. It has the ability to extended the death period until the end of the month. What happens after that?
The revenue from these games will provide further funding, which -- given the lower overheads as a result of the now vastly reduced playing budget -- I suspect the DFCRG's accountants have advised will be sufficient to enable us to keep going and subsequently, in the games that follow, turn over enough income to get through to July (the original estimate of the time needed to restructure as a community club).
3BlackHoops - 13th January 2012 21:50:25
Given the fact that the running costs seem likely to fall still further over the next couple of weeks through still further departures (assuming we keep going, that is), I rather suspect the 400k figure is no longer applicable.Hilly wrote:We've been told that we need roughly 400k to get us to the end of the season. I simply cannot see those games (and the ones in the future) coupled with the lower overheads, being enough to satisfy that figure.3BlackHoops wrote:The DFCRG has previously pointed out that the team has "two high-profile home games on consecutive weekends in January. Firstly, against Fleetwood Town on Saturday, 21st January; secondly, the local derby against York City on Saturday, 28th January." Note too the statement that: "The group is using its best endeavours to ensure that these crucial games go ahead."MKDarlo wrote:But 3blackhoops the Trust DOESNT have the ability to save the club. It has the ability to extended the death period until the end of the month. What happens after that?
The revenue from these games will provide further funding, which -- given the lower overheads as a result of the now vastly reduced playing budget -- I suspect the DFCRG's accountants have advised will be sufficient to enable us to keep going and subsequently, in the games that follow, turn over enough income to get through to July (the original estimate of the time needed to restructure as a community club).
Instead, I'm more inclined to think that with careful financial management (something some might arguably tend to feel we perhaps haven't had for some time now), the 50k from the Trust plus the same from S&S plus the revenue from our 9 remaining home games would see us through.
StevieMardenboro - 13th January 2012 22:21:50
The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
carver30 - 13th January 2012 22:34:32
Is it to much to ask for both groups to issue a joint statement and a way forward. It really is the last chance I pleadfor both of you to get you act together.gtfcfangoodluck - 13th January 2012 22:49:32
first id like to wish you all good luck, as a grimsby town fan we had begun to fear for our future over the early part of this season, but thankfully we seem to have stabilised for the town being, but i certainly empathize with the position you find yourselves in.the other thing i wanted to say was, the stadium reynolds left you with seems to have been a milestone around your collective neck for the last 10/15 years but today its potentially your greatest assest. survive until the 21st, and do everything within your power to fill the place.
I saw on your wikipedia that you got about 12,000 for the opening match v kidderminster, and 10,000 v hartlepool, get those numbers again and and you will have bought yourselves a couple of months, sell out the place and you will see out the season.
Im sure you have all had the same thoughts, but i just wanted to offer you encouragment that you still have a chance and a decent one at that, if you make it to next saturday.
once again
i genuinely wish you the very best of luck and sincerely hope you survive.
MKDarlo - 13th January 2012 23:13:06
Well said - we NEED to know moreStevieMardenboro wrote:The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?
Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
darlo rabbit - 13th January 2012 23:23:15
All this talk about the Fleetwood and York matches being gold minesAre we not in January, when is the last time we got to mid Jan without losing a match to the weather
I wouldnt bet the £50k on both matches being on for that reason...
Also how do we fund a trip to Hayes midweek its a long way for Lidds to drive the minibus !
Allan Quatermain - 14th January 2012 09:26:25
I'm not sure we do need to know more. If anybody has £50,000 to spare I'm sure you will be able to get all of the information you need.MKDarlo wrote:Well said - we NEED to know moreStevieMardenboro wrote:The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?
Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
This is the way I understand it (and I'm not in the inner circle of either the Trust or DFCRG).
DFCRG are not in a position to buy out the club, they have put together a business plan to run it as a community owned club with a number of stakeholders in the future if they can keep it in existence long enough to achieve that.
They appear to have been talking to external investors with a view to keeping it going for their plan to be implemented or for a substantial, long term investor be found. But for whatever reason one of those potential investment streams is no longer available. Perhaps those potential investors do not want their names or circumstances put on here, a fan's message board.
In order to satisfy the requirements of the administrator, he needs to see the colour of the Trust's money which doesn't appear to be available at this moment in time. If that's not forthcoming it is more likely that the club in its current form will fold unless an alternative is found.
Tonight's displeasure on here has been caused because of the DFCRG statement about the money needed from the Trust. I have my own thoughts about the rights and wrongs of the perceived relationship issues between the Trust and DFCRG but as it is only speculation I wont repeat it on here.
Hilly - 14th January 2012 09:38:46
Sorry we (Trust Members) do need to know more. Surely the DFCRG have to explain their 'business plan' in greater detail to The Trust so that they can then approach the other members and ask whether the majority think it's worthwhile giving the 50k, or sitting on it and using it for another purpose instead.Allan Quatermain wrote:I'm not sure we do need to know more. If anybody has £50,000 to spare I'm sure you will be able to get all of the information you need.MKDarlo wrote:Well said - we NEED to know moreStevieMardenboro wrote:The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?
Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
This is the way I understand it (and I'm not in the inner circle of either the Trust or DFCRG).
DFCRG are not in a position to buy out the club, they have put together a business plan to run it as a community owned club with a number of stakeholders in the future if they can keep it in existence long enough to achieve that.
They appear to have been talking to external investors with a view to keeping it going for their plan to be implemented or for a substantial, long term investor be found. But for whatever reason one of those potential investment streams is no longer available. Perhaps those potential investors do not want their names or circumstances put on here, a fan's message board.
In order to satisfy the requirements of the administrator, he needs to see the colour of the Trust's money which doesn't appear to be available at this moment in time. If that's not forthcoming it is more likely that the club in its current form will fold unless an alternative is found.
Tonight's displeasure on here has been caused because of the DFCRG statement about the money needed from the Trust. I have my own thoughts about the rights and wrongs of the perceived relationship issues between the Trust and DFCRG but as it is only speculation I wont repeat it on here.
Hopefully the DFCRG and The Trust can meet at some point over this weekend to talk about this in greater detail then The Trust can put it to the other members. Granted the money is not going to be available by 10:30am Monday morning but if a decision has been reached as to whether it's a Yes, or a No... then surely the adminstrator will hold off for the sake of another day whilst the money is made available.
carver30 - 14th January 2012 09:44:56
I think its the difficulty in contacting the Trust that is causing much of the problem. Does anyone know who has actually taken over from Tony Taylor and can that person actually make any decisions?shawry - 14th January 2012 09:48:18
This is it exactly - and why you would make an excelllent member of the Trust board.Hilly wrote:Sorry we (Trust Members) do need to know more. Surely the DFCRG have to explain their 'business plan' in greater detail to The Trust so that they can then approach the other members and ask whether the majority think it's worthwhile giving the 50k, or sitting on it and using it for another purpose instead.Allan Quatermain wrote:I'm not sure we do need to know more. If anybody has £50,000 to spare I'm sure you will be able to get all of the information you need.MKDarlo wrote:Well said - we NEED to know moreStevieMardenboro wrote:The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?
Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
This is the way I understand it (and I'm not in the inner circle of either the Trust or DFCRG).
DFCRG are not in a position to buy out the club, they have put together a business plan to run it as a community owned club with a number of stakeholders in the future if they can keep it in existence long enough to achieve that.
They appear to have been talking to external investors with a view to keeping it going for their plan to be implemented or for a substantial, long term investor be found. But for whatever reason one of those potential investment streams is no longer available. Perhaps those potential investors do not want their names or circumstances put on here, a fan's message board.
In order to satisfy the requirements of the administrator, he needs to see the colour of the Trust's money which doesn't appear to be available at this moment in time. If that's not forthcoming it is more likely that the club in its current form will fold unless an alternative is found.
Tonight's displeasure on here has been caused because of the DFCRG statement about the money needed from the Trust. I have my own thoughts about the rights and wrongs of the perceived relationship issues between the Trust and DFCRG but as it is only speculation I wont repeat it on here.
Hopefully the DFCRG and The Trust can meet at some point over this weekend to talk about this in greater detail then The Trust can put it to the other members. Granted the money is not going to be available by 10:30am Monday morning but if a decision has been reached as to whether it's a Yes, or a No... then surely the adminstrator will hold off for the sake of another day whilst the money is made available.
MikeinBlack - 14th January 2012 10:04:29
Does anyone have any idea how much the Administrators are being paid? Is £50k close to the amount they would expect to keep going until the end of the month? Is this where the hassle is coming from, that the DFCRG CAN fund the CLUB but NOT the Administration, thereby falling £50k short? Just a thought.Allan Quatermain - 14th January 2012 10:34:32
My original point was aimed at the suggestion that 'we' being message board users, need to know more and I stand by my comments.Hilly wrote:Sorry we (Trust Members) do need to know more. Surely the DFCRG have to explain their 'business plan' in greater detail to The Trust so that they can then approach the other members and ask whether the majority think it's worthwhile giving the 50k, or sitting on it and using it for another purpose instead.Allan Quatermain wrote:I'm not sure we do need to know more. If anybody has £50,000 to spare I'm sure you will be able to get all of the information you need.MKDarlo wrote:Well said - we NEED to know moreStevieMardenboro wrote:The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?
Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
This is the way I understand it (and I'm not in the inner circle of either the Trust or DFCRG).
DFCRG are not in a position to buy out the club, they have put together a business plan to run it as a community owned club with a number of stakeholders in the future if they can keep it in existence long enough to achieve that.
They appear to have been talking to external investors with a view to keeping it going for their plan to be implemented or for a substantial, long term investor be found. But for whatever reason one of those potential investment streams is no longer available. Perhaps those potential investors do not want their names or circumstances put on here, a fan's message board.
In order to satisfy the requirements of the administrator, he needs to see the colour of the Trust's money which doesn't appear to be available at this moment in time. If that's not forthcoming it is more likely that the club in its current form will fold unless an alternative is found.
Tonight's displeasure on here has been caused because of the DFCRG statement about the money needed from the Trust. I have my own thoughts about the rights and wrongs of the perceived relationship issues between the Trust and DFCRG but as it is only speculation I wont repeat it on here.
Hopefully the DFCRG and The Trust can meet at some point over this weekend to talk about this in greater detail then The Trust can put it to the other members. Granted the money is not going to be available by 10:30am Monday morning but if a decision has been reached as to whether it's a Yes, or a No... then surely the adminstrator will hold off for the sake of another day whilst the money is made available.
I agree completely that Trust members should receive more information from our Board. I'm sure that once new co-optees are in situ then that is a change they may influence.
Are you going to put yourself forward? (Not a dig, I feel you would be a good candidate).
shawry - 14th January 2012 10:37:56
Allan Quatermain wrote:My original point was aimed at the suggestion that 'we' being message board users, need to know more and I stand by my comments.Hilly wrote:Sorry we (Trust Members) do need to know more. Surely the DFCRG have to explain their 'business plan' in greater detail to The Trust so that they can then approach the other members and ask whether the majority think it's worthwhile giving the 50k, or sitting on it and using it for another purpose instead.Allan Quatermain wrote:I'm not sure we do need to know more. If anybody has £50,000 to spare I'm sure you will be able to get all of the information you need.MKDarlo wrote:Well said - we NEED to know moreStevieMardenboro wrote:The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?
Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
This is the way I understand it (and I'm not in the inner circle of either the Trust or DFCRG).
DFCRG are not in a position to buy out the club, they have put together a business plan to run it as a community owned club with a number of stakeholders in the future if they can keep it in existence long enough to achieve that.
They appear to have been talking to external investors with a view to keeping it going for their plan to be implemented or for a substantial, long term investor be found. But for whatever reason one of those potential investment streams is no longer available. Perhaps those potential investors do not want their names or circumstances put on here, a fan's message board.
In order to satisfy the requirements of the administrator, he needs to see the colour of the Trust's money which doesn't appear to be available at this moment in time. If that's not forthcoming it is more likely that the club in its current form will fold unless an alternative is found.
Tonight's displeasure on here has been caused because of the DFCRG statement about the money needed from the Trust. I have my own thoughts about the rights and wrongs of the perceived relationship issues between the Trust and DFCRG but as it is only speculation I wont repeat it on here.
Hopefully the DFCRG and The Trust can meet at some point over this weekend to talk about this in greater detail then The Trust can put it to the other members. Granted the money is not going to be available by 10:30am Monday morning but if a decision has been reached as to whether it's a Yes, or a No... then surely the adminstrator will hold off for the sake of another day whilst the money is made available.
I agree completely that Trust members should receive more information from our Board. I'm sure that once new co-optees are in situ then that is a change they may influence.
Are you going to put yourself forward? (Not a dig, I feel you would be a good candidate).
I dont think we (message board users) need to know anything more - it would be better if we did, but by the same token not sure the RG should be publishing the business plan for all to see while its still being formalised.
The Trust however, need to be privvy to these details/discussions, as ultimately thats the premise the RG want them to hand the money over on.
Hilly - 14th January 2012 10:43:20
TT has been criticised in the past for not attending games and I've always said from the outset that I play cricket during the summer (Late April - Late September), therefore my attendance at games during that time will be sporadic i.e. called off cricket match here, free week there etc... However obviously during the rest of the season I can attend every game.Allan Quatermain wrote:My original point was aimed at the suggestion that 'we' being message board users, need to know more and I stand by my comments.Hilly wrote:Sorry we (Trust Members) do need to know more. Surely the DFCRG have to explain their 'business plan' in greater detail to The Trust so that they can then approach the other members and ask whether the majority think it's worthwhile giving the 50k, or sitting on it and using it for another purpose instead.Allan Quatermain wrote:I'm not sure we do need to know more. If anybody has £50,000 to spare I'm sure you will be able to get all of the information you need.MKDarlo wrote:Well said - we NEED to know moreStevieMardenboro wrote:The rescue group need to put more info the public domain urgently as to what the long term prospects of the club are if the club gets this £50k. What happens then? It seems they have said just enough to send us into messageboard meltdown but not enough for us to know what is going on or form a view as to what the trust should do?
Why have we had positive noises about a potential investor all day but then all of a sudden we need £50k almost instantaneously otherwise we die. I thought the investor's meeting with the administrator was going to be the make or break moment? Are the rescue group saying we could muddle through to the end of the season wihout this investor? Or is this £50k needed to bridge the gap until investment is secured?
Not having a go at either the trust or the rescue group. Both organisations have been formed to save the club we love. Neither are responsible for the mess we are in. But there is no point dripfeeding confusing information into the public domain.
This is the way I understand it (and I'm not in the inner circle of either the Trust or DFCRG).
DFCRG are not in a position to buy out the club, they have put together a business plan to run it as a community owned club with a number of stakeholders in the future if they can keep it in existence long enough to achieve that.
They appear to have been talking to external investors with a view to keeping it going for their plan to be implemented or for a substantial, long term investor be found. But for whatever reason one of those potential investment streams is no longer available. Perhaps those potential investors do not want their names or circumstances put on here, a fan's message board.
In order to satisfy the requirements of the administrator, he needs to see the colour of the Trust's money which doesn't appear to be available at this moment in time. If that's not forthcoming it is more likely that the club in its current form will fold unless an alternative is found.
Tonight's displeasure on here has been caused because of the DFCRG statement about the money needed from the Trust. I have my own thoughts about the rights and wrongs of the perceived relationship issues between the Trust and DFCRG but as it is only speculation I wont repeat it on here.
Hopefully the DFCRG and The Trust can meet at some point over this weekend to talk about this in greater detail then The Trust can put it to the other members. Granted the money is not going to be available by 10:30am Monday morning but if a decision has been reached as to whether it's a Yes, or a No... then surely the adminstrator will hold off for the sake of another day whilst the money is made available.
I agree completely that Trust members should receive more information from our Board. I'm sure that once new co-optees are in situ then that is a change they may influence.
Are you going to put yourself forward? (Not a dig, I feel you would be a good candidate).
So although I'm willing to help The Trust out in anyway I can, be that as a member of the board, or just as part of a working party, I want to make it clear to people so that I don't receive some of the abuse TT received which to be quite honest was probably better than me chasing a small red ball round a pitch all day!
shawry - 14th January 2012 10:55:21
I think the problems with TT was that the lack of communication meant people had no idea what the reasons for not attending were, not that it excuses the abuse, The Trust have to start communicating, even if its through a spokesperson, TBH Flip should probably do this at the moment as he is talking to at least some of the board members anyway it seems, so at least he can post something in a fairly official capacity.Hilly wrote:
TT has been criticised in the past for not attending games and I've always said from the outset that I play cricket during the summer (Late April - Late September), therefore my attendance at games during that time will be sporadic i.e. called off cricket match here, free week there etc... However obviously during the rest of the season I can attend every game.
So although I'm willing to help The Trust out in anyway I can, be that as a member of the board, or just as part of a working party, I want to make it clear to people so that I don't receive some of the abuse TT received which to be quite honest was probably better than me chasing a small red ball round a pitch all day!
Just things like we are aware of the statement, are making efforts to contact them, once we know details we can discuss, etc etc
Mr_Tibbs - 14th January 2012 10:59:43
Hopefully, yes, but the Trust seem reluctant to even think about having a meeting with the RG without receiving an itemised agenda.Hilly wrote:Hopefully the DFCRG and The Trust can meet at some point over this weekend to talk about this in greater detail then The Trust can put it to the other members.
Hopefully the RG can knock one together and send it to them pretty sharpish, something like...
1. Introductions
2. Cards on the table
3. Round table discussion
4. Formulate coordinated plan of action
5. Discuss and agree lines of communication
6. Summarise actions
7. Close meeting and save club
Even if it's too late to save the present club then a meeting right now would go some way towards unifying everyone and provide some sort of continuity between the club we have now and a reformed one.
We really need someone to put their foot on the ball here and try to mediate between the Trust and the RG.
Bizza - 14th January 2012 11:03:36
The Trust have a meeting planned on Thursday, can the DFCRG not get in on that?I know this may be to late to save the current set up but it could be used to lay the ground work for a new club.
shawry - 14th January 2012 11:06:33
Bizza wrote:The Trust have a meeting planned on Thursday, can the DFCRG not get in on that?
No tbh, that one needs to be Trust only, I assume its to help get itself in some sort of order, it really doesnt need anyone from the outside sticking their oar in (I feel)
Mr_Tibbs - 14th January 2012 11:22:14
Oh well, maybe at the next meeting then.shawry - 14th January 2012 11:27:41
The problem is, ideally the Trust and RG need to meet before ThursMr_Tibbs wrote:Oh well, maybe at the next meeting then.
Or we just call it a day and focus on a new club.
My concern is, will the RG still be interested in a new club? They set up to save this one, and they have a lot of skills that would be invaluable setting up a new club.
Quakerz - 14th January 2012 11:29:36
They did say that they may be interested in helping to set up a new club, but that the priority is to save this one.Anyway, it looks like we'll all know exactly where we all stand come Monday evening.
carver30 - 14th January 2012 11:35:08
Im still holding out for this investor who is in town Monday.Quakerz - 14th January 2012 11:36:28
I think that may be a smokescreen.
carver30 - 13th January 2012 19:56:08
OMG well its over to the Trust and it will be interesting if they are going to use my £400 plus £49600. Are they actually contactable?