Jon
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Post by Jon on Nov 16, 2016 1:15:58 GMT
these people have bought us time. Have they? I think they have done the opposite. They have let the time we had to save the club elapse. They have called time on a concerted attempt to rescue the club. It was obvious when Thea left that something radical was required. The current board - suckered in to Dean Edwards' ego trip - stuck a sticking plaster on the wound. Since then, they have refused to address the root problem and watched the club bleed to death. Borrowing money from property developers may have been a quick fix, but it was never going to be a long-term solution. The fact that they were too proud and arrogant to put their hand up and call for help when it became obvious they had bitten off more than they could chew really rankles with me. I am afraid it is now too late to call the ambulance. But of course, all of the above will be forgiven with the arrival of those wonderful people who are going to pump in hundreds of thousands each year with no ulterior motive. I wonder which of the four we will choose. |
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simonb
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Post by simonb on Nov 16, 2016 8:20:56 GMT
According to another site there has been a further bullshit statement from our beloved chairman in the HE. He is surely seriously deluded judging by the manner he conducts club affairs in terms of content and quality of the communication (no doubt resulting in further loss of rapport with the fans). Thus far the only conclusion appears to be that we are drifting towards the abyss! Just have to begin to question what exactly are the board trying to preserve because we have become the shadow of the football club we once were even two to three years ago. What is the point of struggling on to endure further decline and be the subject of yet more contempt from the muppets running the club if there are no potential genuine investors on the horizon?
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rjdgull
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Post by rjdgull on Nov 16, 2016 11:46:24 GMT
According to another site there has been a further bullshit statement from our beloved chairman in the HE. He is surely seriously deluded judging by the manner he conducts club affairs in terms of content and quality of the communication (no doubt resulting in further loss of rapport with the fans). Thus far the only conclusion appears to be that we are drifting towards the abyss! Just have to begin to question what exactly are the board trying to preserve because we have become the shadow of the football club we once were even two to three years ago. What is the point of struggling on to endure further decline and be the subject of yet more contempt from the muppets running the club if there are no potential genuine investors on the horizon? - so 4 offers becomes three with one of the offers dropping out - a Canadian company, being one of the probables and the two possibles not yet being upgraded to a probably! They did have a bird in the hand but let that go as they would not pay the asking price for a club they paid a £1 for last year and suspect that most interest will not pay either. Basically the board are in a big heap of do-do and really only have themselves to blame! We could well be doomed. I will be savouring my next few matches at Plainmoor...... |
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Deleted
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Post by Deleted on Nov 16, 2016 15:52:22 GMT
rjdgull While this sort of enthusiasm is admirable, let's not be too quick in counting our chickens, and remember that Manse's return hasn't actually been officially confirmed yet....but the moment it has the serious savouring can really be indulged in  . Jon Not wishing to sound like a broken record, but this is the third time in the last month or so that I've had trouble reconciling the information put out by well known TUST members across the forums. While this is unlikely to be any more successful in drawing clarification than previous attempts, I still feel it's worth flagging up.
While in the normal course of events sceptics might well have wondered whether TUST _Member_Rob wasn't re-writing history in order to deny GI any credit for playing a part in the 'Great Escape' by way of providing the financial resources that helped towards bringing in the players mentioned, the fact the above claim coincided with the time that TUST were concluding their examination of the books, revealing just what money came in from where and when, and when and where money went out, ensured it received a fair degree of credibility.
A loan that arrived too late to play a part in the Harrad and Racchi signings, but which also was taken out a long time before Yellowfest (7th, 8th May). All explanations gratefully received
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rjdgull
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Post by rjdgull on Nov 16, 2016 17:33:53 GMT
I don't think TUST have revealed the outcome of their examination of the books. My understanding was that GI were making regular payments (momthly?)to the club under the terms of the memorandum of understanding which dated from at least March? until to the end of July when the takeover collapsed.
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Deleted
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Post by Deleted on Nov 16, 2016 18:27:44 GMT
Thanks for that rjd. A drip feed rather than a lump sum might well have been the case. I would also assume that TUST are bound by an understanding not to divulge information revealed to them in confidence. An insight into the financial realities of the club can at least help shape suggestions or ideas TUST might wish to put forward in future. With the 'Torbay Maple Leafs' scheme having apparantly bitten the dust before we got chance the sample it, choice seems to have again narrowed. But while there are faint signs of life there's still hope  |
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Rob
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Post by Rob on Nov 16, 2016 23:46:06 GMT
I would also assume that TUST are bound by an understanding not to divulge information revealed to them in confidence. An insight into the financial realities of the club can at least help shape suggestions or ideas TUST might wish to put forward in future. That was certainly what was stated to members at the outset as far as I recall. Despite the TUFC Board failing to abide by the NDA themselves, two wrongs don't necessarily make a right. I would agree with you that the information gleaned might aid to a small extent should a community share issue be necessary to pick up the pieces in a 'post GI taking over' future, for example. Bad news today as the four become three, but it seems that the asking price put the preferred bidders off. Not something you would expect in our circumstances?? Sadly, yes. If there is any truth in the rumour they want clearance of the GI money, the remaining Angus money that Dave Phillips said was due in January and the proverbial small detached house, then it could be a rough ride leading up to our very own transfer deadline day. |
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Jon
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Post by Jon on Nov 18, 2016 0:27:31 GMT
Maybe 1800 was the break even figure when 10 directors were inputting 30 grand each. When the board was reduced to 4 maybe the break even then became 2500 or 3000. I'm just guessing at those figures but no initial strategy and its assumptions during the planning stage could survive once board members started pulling out. That makes no sense whatsoever. Break even means that you make neither a profit nor a loss on trading. A breakeven operation would leave share capital and directors' loans untouched. the local populace just appear to be indifferent to it. Most of the local populace, people who love TUFC but do not live locally and the wider football community have no idea that the club is in trouble. Those that do know are passionate in their desire to help but a large proportion have done what the board has told them and decided that the best way to help is "not to rock the boat" and to shout down those who are concerned about the future. If there had been a united call to save the club endorsed by the board, we would have seen whether people are really indifferent to the club's demise. |
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Jon
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Post by Jon on Nov 18, 2016 0:31:33 GMT
A loan that arrived too late to play a part in the Harrad and Racchi signings, but which also was taken out a long time before Yellowfest (7th, 8th May). All explanations gratefully received New signings - January 2016 GI sink their claws in - March 2016 Yellowfest - May 2016 |
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Jon
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Post by Jon on Nov 18, 2016 0:47:08 GMT
Good point here from TUST member Rob, although it is worth pointing out that an individual TUST member always speaks only for his or her self, not on behalf of anyone else - blindingly obvious to most, but not to all.
Nicho got rid of a hell of a lot of players to free up the budget to the extent that we struggled to field a full team over the Christmas period.
Briscoe, Fairhurst, Heslop, Marsh (for a fee), Hurst, Lavercombe (for a fee), Fisher, Carmichael, Speiss, Murombedzi, Fenwick, Yeoman, Bell.
It's not as if we brought in extra players on top of a fully-utilised budget.
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rjdgull
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Post by rjdgull on Nov 18, 2016 7:25:20 GMT
The Herald Express has taken a very soft line on events. So, although it was reported that GI could get the club after the fans forum, it was immediately followed up by quoting Rob Stanley in saying that the club are very confident it won't come to that and a deal will be done very soon! Of course, the way the coverage on GI has been reported, that is perhaps perceived as being not that bad anyway.
The board had a heck of a task taking on what they did but some bad decisions have been made which have effectively left the club in a hole but they are being very bullish about sorting things out so no alarm bells are being run. As it appears that the Board are looking to recoup their "investment'" then the little in relative terms they put into the club is effectively another loan adding to the difficulty of selling a cash strapped club, perhaps leaving it open to those with an ulterior motive....
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simonb
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Post by simonb on Nov 18, 2016 9:33:41 GMT
There seem to be some threads of optimism occurring on various sites. After a lot of smoke and mirrors over the past few months, could it be that there is the potential for a more favourable destiny emerging?
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Deleted
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Post by Deleted on Nov 18, 2016 13:02:59 GMT
Jon
I'm hoping that just such a united call will be issued just as soon as the decision on our future has been made. A clear call for everyone to embrace the fresh start and get behind the new owners will need to be made loud and clear by the present Board, along with supportive words from the local press and from TUST.
There remains a slight concern, in light of a section of Remainiacs refusing to accept the outcome of the Referendum, and a number of Hitlery supporters refusing to come to terms with the result of the U.S Presidential election, that we might witness the same thing on a much smaller scale here. Will there be an immediate campaign of negativity from a section of our fans, possibly those cut from the same political cloth as the agitating Remainiacs or aggressive Hitlery Clinton supporters, who will not heed calls to go forward together, but will attempt to quickly find fault and talk down the new ownership ?
Hopefully such fears will prove groundless, and there won't be any noticeable group of militants whose preference and calls for unity went out the window the moment it became clear that their preferred ownership model wouldn't be the one chosen.
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simonb
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Post by simonb on Nov 18, 2016 15:31:05 GMT
No problems - as long as it's not Nigel Farage!
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Post by bomber on Nov 18, 2016 15:34:53 GMT
Jon I'm hoping that just such a united call will be issued just as soon as the decision on our future has been made. A clear call for everyone to embrace the fresh start and get behind the new owners will need to be made loud and clear by the present Board, along with supportive words from the local press and from TUST. There remains a slight concern, in light of a section of Remainiacs refusing to accept the outcome of the Referendum, and a number of Hitlery supporters refusing to come to terms with the result of the U.S Presidential election, that we might witness the same thing on a much smaller scale here. Will there be an immediate campaign of negativity from a section of our fans, possibly those cut from the same political cloth as the agitating Remainiacs or aggressive Hitlery Clinton supporters, who will not heed calls to go forward together, but will attempt to quickly find fault and talk down the new ownership ? Hopefully such fears will prove groundless, and there won't be any noticeable group of militants whose preference and calls for unity went out the window the moment it became clear that their preferred ownership model wouldn't be the one chosen. Actions will speak louder than words. |
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