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Showing content with the highest reputation on 07/15/2024 in Posts
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4 points
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This has been a slow downward spiral for almost 10 years starting with a failure to develop and capitalise on successes culminating in a Scottish Cup and European football. Not looking at sustainable finances at that point and seeking investment and sponsors when our stock was high to then subsequent CEOs making incorrect choices. Cameron and Rae are equally culpable in this mess which has only been escalated by poor on field results and bad decisions through to the current regime.3 points
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I have to agree DF has failed the club although we are stuck with him he might be a coach but after the way outgoing players were treated he is NO manager!2 points
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Sounds like our neighbours up the road, only about a dozen staff on County's books - everyone and everything else is funnelled via GEG. Football clubs are rich men's playthings and it was only a matter of time before Tullochs and the regime they installed got tired of the losses. No one up here can realistically compete with Roy and his annual write-offs.1 point
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The importance of this is often overlooked, as is the unheralded/unadvertised provision of staff, infrastructure and even office supplies while things were really rough.1 point
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Don't think we could have Loch Ness Monsters ... wasn't that the American Football team in Inverness at some point. Kind of with @Charles Bannerman on this one though. It would be complicated to have a 'takeover' or 'new owners' given the current ownership structure. No-one, not even the craziest or richest American is going to pay £20m for a complete buyout and control of the festering mess that is ICT right now and the current board cannot agree to 'sell' the club as its not theirs to sell. Will be interested to hear the proposals as and when they are available. Tulloch had control of the board for a few years and started by restructuring and getting rid of our debt, then put fiscally responsible processes in place to try and ensure we didn't reach that chasm again. Love them or hate them, and there are folks in both camps, and that's a whole other discussion, but that's what they did. It was only after they departed that we did once again, over the ensuing 7 or 8 years reach that precipice yet again. If by "takeover" or "new owners" we are talking about a group who have 'control' without ownership and they have a plan to emulate what Tulloch's did, then I personally am broadly in favour of it, cannot really say more than that until we know more details, but as has been the habit for our club, there are no details and no communication to shareholders. What concerns me - if we are talking about £2m as reported - is that this may not be enough. We have reportedly lost out on at least £5.1m on just the battery farm and Park-n-Ride schemes and even that would not see us as a going concern for years to come, it would paper the cracks and maybe give us two or three years to try and get back to the Championship, then the Premiership but what then? We were a Premiership side for many years, and if we get back we are realistically always going to be relegation candidates on any given year if we don't get recruitment or tactics right, and even in the Premiership we need cup runs to make ends meet. Add this to the reputational damage we have taken in how we have treated our players and staff over the last 2-3 years and this is a very hard mess to get out of. Does any incoming investor have the stomach for this?1 point
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This news does not ease my concerns about the future of our club at all. Firstly, I assume that if the Americans are being negotiated with on an exclusivity basis, the other 2 potential foreign investors have somewhat less than the £2million the Americans are reported as offering. But £2m is not going to get us out of the mess if, as reported, ex and current directors are owed £2.1m for repayment of loans. Money is required to pay off other creditors, pay the wages, strengthen the squad and make improvements to the structure of the stadium etc. It only serves to further emphasise the sheer contempt the club has had for the supporters and shareholders of the club. If these directors felt it necessary to put that sort of money into the club on a loan basis, then they should have convened an EGM at that point to appraise the "extended family of the club" of the gravity of the financial situation. Presumably the club were relying on the Battery Farm and Car Park scheme to bail them out and allow them to continue as before. A bit of honesty at an EGM and a call for people to work constructively might have resulted in alternative ways of generating an income stream to keep the club afloat, perhaps moving towards community ownership. It is the loan debt to the former chairman and other directors which is the single biggest threat to the future of the club. It is a debt which should never have been allowed to develop and which, if the creditors have any goodwill towards the football club, should now be written off. With those loans written off, then the club could have a promising future with a £2m injection.1 point
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Why oh why do some of our 'fans' feel the ned to barrack certain players. Savage is a decent player at the start of his career and from when I have seen hime he has looked pretty good, quite why, when the club is in a perilous position some feel it necessary to undermine a player who could be key to our survival or progress is beyond me. Liam Polworth got some poor treatment and that I suspect would have helped his decision to leave [and how we have missed him...and Vigurs as creatives in midfield]. Remember if players who play for us were top top players who never made any mistakes they wouldn't be playing for us. This is a make or break season where our survival hangs by a thread...lets not shoot ourselves in th foot by alienating players1 point
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