Irrespective of the share price, Alex does seem to have taken thinking here out of the traditional box where the financing of football is held to be the responsibility of wealthy individuals through making donations to clubs who are apparently owed a living by them.
In answer to Georgeios' query about what was said on the BBC on Monday morning, yes, David Sutherland did confirm to me that he would be making a donation to the Clach Survival Fund which as at Sunday stood at ?8800. It is my understanding that his donation is a modest sum which will join others in a pot designed to keep Clach in buses for away games, rent of Grant Street for home games and around a tenner per player per game for the next few weeks.... and hence Inverness in the Highland League at least for the time being.
We are talking here orders of magnitude less than the cost of keeping a recently relegated full time First Division team in operation in a 7500 seater stadium.
I also heard on the radio that it is costing ?500 to ?600 per week to pay the administrator to keep it solvent which is draining the money pot,so unless the council can come to some agreement about the debt, I think someone may buy the debt and lease the ground back to Clach. Any ideas who would do this ? :017:
How could ordinary fans purchase shares as they are not on open market?
The shares were a ?1 each last year, you would probably want to contact the company secretary if you are interested.I'm not sure what you would actually be buying though,
Will the club buy them back if you needed the cash and at what value?
The supporters trust may be a better long term option, as long as they are being treated fairly by the club, I read the minutes on the web for last years AGM and the % of shares allocated to the trust had changed ??? Maybe someone can shed some light, the latest AGM must be very soon too.
Supporters Trust AGM was on Tuesday night.