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    Boardroom Banter - Aug 2003

      Teaser Paragraph:

    Welcome to this Issue of Boardroom Banter. The Club's attempt to keep you, the fans, informed about what is going on at Caledonian Stadium.

    MONTHLY OPEN LETTER TO FANS Issue 11 - August 2003

    As stated in the previous issue we have been concentrating our efforts during the close season on our commercial activities in an attempt to raise funds for our Youth and Community Development Programme and also in celebration of our 10th year.

    Our inaugural dinner at the Lochardil Hotel on the 25th was an excellent evening enjoyed by all in attendance and culminated in raising circa £8.5k which is much appreciated by everyone at the club and we thank all those who contributed to the success of this event.

    Our next event a Golf Day will be on the 5th of September at Culcabock Golf Club Inverness and this event is already sold out and looks like being a tremendous success also.

    Youth and Community

    The new funds raised at the above events will be used, we hope, to attract matched funding from other Public Sector Bodies to enable us, with the excellent assistance of Danny Macdonald, to raise the Clubs profile in the Inverness and surrounding areas amongst our younger potential supporters and of course future players.

    We have already held a very successful Summer Hotshots which was attended by circa 200 children of varying ages, everyday for 4 days. We have also held an open night at the stadium for all our youth and childrens teams which was attended by over 140 parents, very encouraging indeed.

    Our Youth and Community programme is very much to the fore at the Club now and we look forward in a few years time to seeing the fruit of our Management Teams labours come to bear with the next batch of Tokelys and Munros and Golabeks coming through our system.

    Commercial

    Hopefully at Tuesdays home game you will see the opening of the new Club Shop at the front of the Stadium, if not it will certainly be up and running by our next home game.

    The shop will sell all the merchandise that is currently available through The Courier.

    Our season ticket sales are at this stage slightly ahead of last season but we are still hopeful of a late rush when we get into a run of home games.

    New Signings

    To spite what has appeared on Teletext, in the Press and on some occasions the website – we have not just loosened the purse strings – John Robertson requested a meeting with the Board on Monday 28th of July to discuss his ideas and thoughts on who he wishes to bring to the club and on the evening of the 28th was informed that funds would be made available. We trust this now clears this matter up and we can assure you as we have John that if the right players at the right price come available then offers will be made.

    Being realistic we are not going to get every player we want when we want them as sometimes other Clubs will be, or may think they are, in a better position to outbid any deal that we can realistically put on the table.

    Both the board and the management team are in agreement that we will not go down to the “Boom and Bust” road as we are all in it for the long term and we intend to continue with this prudent approach.

    Having been in the position of a massive debt situation previously with all the crippling bank costs that go with it we have no intention of reverting to a position where we try to live above our means. We have been to the edge of the precipice before and have no intention of returning to it. We trust that our shareholders and fans alike will back us on this matter as it is the long term survival of the club that is utmost in our thoughts and actions.

    Points from the Website

    There have been one or two comments this month on the Website that are worthy of mention.

    Tulloch Investment of £500k.

    • The money invested, £480k in shares and a £20k loan was to ensure the long term viability of the club.
    • The money has not gone to the Trust but to the Club
    • The money is not for stadium development as we the Club no longer own the stadium but have a long term lease from the Trust
    • Any future stadium development will be carried out by the Trust in liaison with the club and any suggestions of impropriety on behalf of the Board or the Trust with regard to any tender awards for the work, should it be required, are scurrilous. In future if comments like this are to be made they should be backed up by fact.
    • As stated previously the money from Tullochs has been invested in the Club and apart from the £20k is not recoverable no more than any other investors cash would be recoverable unless the shares were to be sold or the Company as a whole purchased. It is pleasing to note that the majority of posts on this subject did have the correct version of events. We trust this now clears this matter up once and for all. But for the avoidance of doubt both the Club and the Board owe a great deal to this cash injection - SURVIVAL IN OUR PRESENT FORM.

    comments on the earnings of certain players.

    • We have a pay structure in place that has been in place since Steve Paterson was manager and this has not and will not be breached.

    In conclusion though it was disappointing to lose to Ross County on Tuesday night in the Inverness Cup it was an excellent performance by the young boys given that our opponents had a fair number of last seasons automatic first team picks on display and this again bodes well for the future of the club and is a testament to our excellent youth policies both past and present.

    We are looking forward to our trip to Perth today,hopeful of a good result and to our next two games against Ross County where a good turnout from our support would be much appreciated.




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