DoofersDad

I'm not convinced. If what you have been told is true, then why the delay? The figures pertaining to the the year to May 23 will have been known for certain months ago. The uncertainty lies in how the club proposed to address the issues the figures indicate so that the business can continue as a going concern. Earlier in the year the club could easily have told the auditors that over £3M was likely from the BESS and a further £1M from the Park and Ride. Clearly it was eminently plausible that both of those schemes would generate funds, so why couldn't the auditors not sign the accounts of then? Yngwie's argument sounds much more likely to me. The auditors might well have thought it likely that both projects would generate money, but they will also have been aware that they might not. Without a more definite assurance and a lack of any information about a more certain stream of funding, they could not sign the accounts off on a going concern basis. The fact that they have now signed suggests to me that they are now assured that significant funding is coming in from another source (and presumably that operating costs are being significantly reduced).

Thanks. Good points. If that is an accrual related to the cup money, then it is money which has already been spent on getting rid of one management team and replacing it with a more expensive and worse one. Accounts for 2023/4 are going to look even worse, although hopefully we will be in a better financial position by the time we see them. Under what name was the appeal lodged? If successful we have to hope that Morrison and Munro can find another company to build and operate the plant. This could still bring in some significant money for the club, but relying on such speculative ventures is no basis on which to fund a football club.

Whatever his perception of the fans may be, that should simply not be a consideration in this. As Chairman, he must take the responsibility for taking the club to the brink of administration. If he has any genuine wishes for what is best for the club and if he has a shred of decency in him, he will remove the charges against the club and write off all or most of the loan. From the concert company fiasco through to the current crisis, his behaviour recently has been such that I have lost any respect I once had for the man. Rather than fronting pie in the sky ideas for making money for the club, he now has an opportunity to do something which is 100% guaranteed to be a big help to the club. If he does that simple but generous thing he will earn back a lot of respect from a lot of people.

The fact that the accounts have finally been published is good news. Hopefully someone will correct me if I am wrong, but my assumption is that the delay in submitting the accounts will have been because the auditors needed to be be persuaded that there were legitimate reasons for the directors to prepare the accounts on a going concern basis. It would appear that the accountants are satisfied that new investment is probably coming into the club sufficient to address the financial shortfalls. As always, there is little detail in the accounts, but what is there, is not good. A net loss of £588K is reported. Following relegation, our income can be expected to be considerably less in the coming year and the operational costs will need to be cut by more than the reduction of income if the loss is to be reduced. An operating loss is not necessarily a problem as long as there is a source of money to cover the loss. This is where things start getting worrying and where questions need to be asked. Under the heading of "current assets", there is a figure of over £1M against "Debtors". In the previous year, this was just £172K. So why the big increase? Who owed us the cash and has it subsequently been paid? I wonder if it is primarily the money we were expecting for the park and ride scheme associated with the hydro scheme project and which won't now be received? If so, that will make our net assets position around £1M worse than the 2023 accounts show. The accounts then show we owe over £3M to creditors. Does this mainly relate to loans made to the club by Morrison and Munro? If so, future investors will want to know how much if any, these 2 expect to be returned. The charges are still in place at Companies House. From my very amateur reading of the accounts, it looks as though there could be somewhere between £3 -4M required from new investors simply to get us to the point where we can start investing in the football side of things. That is a big ask of any "investor". Hopefully Morrison and Munro will write off the loans. It could be argued that if they can afford to provide the cash as a loan, they can afford to give it. Some might say that if they claim to have the best interests of the club at heart, they should certainly write the loans off as they must take much of the blame for the situation the club now finds itself in. And just an observation that the accounts were signed off by Scott Young on behalf of the club. Scott wasn't on the Board for any of the period to which the accounts pertain. I wonder why one of the others who were on the Board during 2022/3 and who are responsible for getting the club into its current position, has not put their name to them? So, whilst there is still serious cause for concern, the fact that the accounts have been signed off on a going concern basis is definitely good news. Let's hope for more in the coming few days.

In the club statement of Friday 14th June, they stated the new kits would be revealed over that weekend. We're still waiting for the away kits. Did Gardiner forget to order them?

I imagine the 2 week extension of the early bird offer is because they have just realised they haven't agreed a price for when the scheme ends.

Might we actually get a transfer fee for once!

When the club finally get round to having an AGM or if there is an EGM at some stage, shareholders can nominate the Trust as their proxy if they are unable or don't wish to attend in person. I will hang on to my shareholding because whilst I would be perfectly happy to have the current leadership of the Trust vote on my behalf, that might not always be the case. The number of members the Trust has is important regardless of the fact that increased numbers do not increase its shareholding. Because it is a democratic body, the way the Trust might vote in a meeting can be assumed to be representative of its members. If the membership numbers are a good percentage of the number of season ticket holders, other shareholders may well be persuaded to vote with the Trust because they will know they are voting with the majority fan view. Of course, it will be difficult to judge how the Trust's membership compares with the number of Season Ticket holders if the club refuse to say how many ST holders there are!

It might go on to tomorrow, but after that, there is currently no information on what price season tickets will be. It is utterly bizarre as it is just another thing which stops people from putting money into the club. I can't help thinking that the club are resigned to administration but want to blame it on the fans for not supporting the club at its time of greatest need.

I agree with all of that apart from the last sentence. I am certainly not anything like "done with the whole thing". I fully intend watching ICT for many years to come after the current custodians of the club are out of the door. I'm not going to sit back and allow the current management to kill off my football club and deny me the pleasure of supporting my team in the future. The key thing is to ensure that somehow, the club survives. One option is for one, or a very small number of "investors" to put a significant amount of money into the club. From the club's statement of June 14th it appeared this option might be on the cards, but the wall of silence since suggests this may not be the case. If no big money is going to come in, then the second option is for the club to be financed by a large number of small sources. That means investment from fans and support from local businesses and the wider community. That would involve a radical change in the business model preceded by a difficult transition period where the club opened up about the club's finances. The current position is clearly unsustainable. If nobody is coming in with big money to stabilise the club, the current management need to swallow a bit of humble pie and start working constructively with smaller shareholders, the Supporters Trust and other community interests to find a way to stave off administration in the short term and to develop a more sustainable model for the long term. Something needs to happen very, very soon.

The prices on the club's website are exactly the same as were quoted in the email they sent out to existing ST holders. These prices are early bird prices both for existing ST holders and new ST holders with existing ST holders getting an additional loyalty bonus. There is nothing to say what the prices will be after 2nd July either for ST holders or for individual tickets. It really is unnecessarily unhelpful.

So that's another week gone with no further update about what is happening at the club. And it is 2 weeks since we were told about "hugely positive discussions with a number of potential investors". I thought it had been mentioned somewhere that the deadline for getting audited accounts to Companies House was 30th June, but seeing as the 30th is on Sunday, the effective deadline would have been today. Can anyone clarify?

As does arranging a friendly away to Raith.

I agree that if Dundee Utd are paying his wages it could be a bit of good business, but that in no way mitigates against the appalling way locally based keepers have been treated. Of course, none of the background here is Jack's fault and if he is to be our first choice keeper, then we must give him our full support. I rather fear he will be a busy lad and will need all the support he can get.

Well said, Big Cherly. I have no respect for Ferguson. During this very difficult time for the club he had a particular duty of care to keep his squad of players as informed as he could. To hear so many players say they have heard nothing from anybody at the club is truly shameful and it is Ferguson, as team manager, who had the prime responsibility for this. It is unforgivable. Unfortunately we are stuck with him for the time being. I hope that when his contract is up it is not renewed, regardless of how successful he may be in turning things around. And I hope that he is successful, both for the the players' sakes and for the club's. It is very much in Ferguson's own interest to reflect on his behaviour and change his ways. If he can do that and show a bit more success on the pitch, he may still have a future in football management. Just, not here.

Nah. There'd be no communication with the back line and too many own goals.

Austin Samuels was not on the list Robert posted earlier. He confirmed on X yesterday that he has left the club. Reading between the lines, it sounds as though he is not happy with the club, however, he does say "but the support I got from the fans was always amazing". I for one am certainly very sorry to see him leave the club and wish him all the best for the future.

It will certainly need to change with no goalkeeper to pass back to.

The Trust has been working hard for a number of years to establish a meaningful and constructive relationship. Such a relationship would clearly be in the best interests of the club and the community it serves. Unfortunately the club has only engaged sporadically, yet the Trust has continued to offer support and help to the club. Working together for the mutual benefit of the club and the supporters is, after all, the purpose of the Trust. As a former Trust Board member and Chair, I know how hard the Trust Board has always worked to keep lines of communication open despite all the knock backs from the club over the years. It therefore saddens me to read the latest statement from the Trust. It is clear that despite the Trust's very significant efforts in these past few weeks, the point has been reached where the Trust feels it is obliged to take radical action to shock the club's management out of its self-destructive path. This will have been a very difficult decision for the current Trust Board to have taken and I applaud them for doing so. The Trust's previous statement was very different in that it was encouraging fans to buy their season tickets and club merchandise. They will have been well aware that this was at odds to the views expressed by over 200 fans at the Caley Club a few days earlier. They felt able to give that encouragement by accepting, in good faith, assurances provided by the club which it now transpires were worthless. It is self-evident that assurances about communications have not been honoured, because there has been no communication. We don't know whether there was any truth in the club's statement about discussions with potential investors, but what we do know is that if there had been such discussions, they haven't delivered what one would expect "hugely promising discussions" to deliver. No doubt the Trust will continue to seek dialogue both with those currently in charge and with potential investors. As fans, we need to support the Trust in their continuing efforts to secure a sustainable future for the club. Potential investors need to know that the support for the club is strong but that there is no support for those currently running (ruining) the club.

https://www.bbc.co.uk/news/articles/cyxxz65xvy4o

Absolutely no criticism of Liam. I am sure we all understand he can only put out what he is told to put out.

Today's "Courier" is reporting that they contacted the club for an update on our out of contract players and received no reply. Sadly, there is nothing surprising about that, but it is yet another example of the club hitting the self destruct button. Even if the club simply responded to say "Sorry, but we're not in a position to provide an update just now." it would at least be communication. To simply ignore a request for information from your local newspaper is rude, ignorant and self-defeating. To mis-quote from Churchill again: Never have so few done so much to p*ss off so many.

We all understand the club is in limbo and more investment is needed for us to be viable for the current situation, but that does not in any way excuse the club's reprehensible behaviour towards its own staff and supporters. Indeed, it actually makes it even more inappropriate. With the exception of Morrison, all the Board are still in place and the CEO is still there. Between them, there is surely enough knowledge and manpower to ensure basic communications and decencies are carried out. There should also be sufficient common sense to understand that their own abject communication failures are making the task of rescuing the club far more difficult. Their behaviour is causing them to lose players who actually want to be here and will undoubtedly strongly discourage others who may have been interested in playing for us. It is also stopping fans and sponsors from putting much needed money into the club and, quite probably, the larger investors we so urgently need. Their behaviour is consistent with a group of people who actually want the club to fold. Any hope that the "hugely promising discussions" mentioned in their June 14th statement will produce any sort of future for the club are disappearing by the minute.

According to wikipedia our squad as of 24th June is as follows. No. Pos. Nation Player 6 DF NIR Danny Devine 7 MF SCO Charlie Gilmour 9 FW NIR Billy Mckay (captain) 11 FW ENG Austin Samuels 12 MF SCO Roddy MacGregor 14 DF SCO Jake Davidson 17 DF SCO Lewis Nicolson 18 FW ENG Harry Lodovica 19 MF ENG Luis Longstaff 23 FW SCO Ethan Cairns No. Pos. Nation Player 24 FW SCO Adam Brooks 25 MF SCO Calum MacKay 26 DF SCO Matthew Strachan 28 MF SCO Keith Bray 29 MF SCO Robbie Thompson 31 MF SCO Calum MacLeod 32 DF SCO Sam Nixon 33 DF SCO Jack Walker 34 DF ENG Remi Savage 44 DF AUS Nikola Ujdur I have no idea if it is correct but it is certainly more accurate than the club's own website. Club Board meeting tomorrow to decide which of the directors is going to give Mark Ridgers a call.

Never mind. We've still got England to cheer on!