Investment

[Achfary]

1 hour ago, dougiedanger said:

what that really means is some rich person throwing a part of their fortune at the club, never to see it again. Investment is not the word, more like donation.

The floating charge that Ross has doesn't exactly chime with 'never to see it again' - if he, and the other directors with loan accounts, do a John Boyle - then it's a donation and they join the hall of fame alongside Tullochs etc..  If not, it's very much an investment, and could still be a good one for them.

Too early to tell which way they will pivot, but it'll be the second thing on the insolvency practitioners' mind, after season ticket money.

[bigterrybutcher]

I think we can all agree on one thing and that is that there needs to be communication from the club and the supporters trust on what the way forward looks like. 

 

[bigterrybutcher]

21 hours ago, MrCaleyjag said:

@bigterrybutcher first of all welcome. 

Must have been some task reading through everything posted over the last two weeks in such a short space of time and gauging fellow fans thoughts.

Just out of curiosity, how much do you feel in actual £s, as you put it, do you feel is a reasonable amount for each fan to put in?

I only ask as most fans probably can't afford the sums needed and if buying a season ticket and say a first team strip isn't enough, where does it stop? If I'm buying both the above then I reckon the £350-£450 it would cost is quite an undertake for a normal fan. I for one could afford it, if I wanted to, but there's an awful lot that would feel it's a lot and couldn't.

My point being, that every extra £ put into the club by any fan, is a £ that the club wouldn't already have and is very welcomed. Everything counts.

Fans are well entitled to voice their opinion and speak out, it doesn't mean it signs them into a contract to spend money. Everyone is well within their right to step back and wait to see what happens in the very near future before spending anything especially having seen what the club has done in the past with the money fans have put into the club in one form or other.

I fully understand,I have been looking at the forum for a while before registering an account .. some forums are nonsense and not worthwhile so certainly I have seen some comments on various posts across the year .

 

To your point about what amount .. that will be dictated by what the club needs to go forward , I appreciate that everyone has a threshold in terms of what they can put in . I am not saying people should be putting themselves into debt to help the club . My point was that the season ticket money and merch money only kicks the can down the road and buys some time,the club needs its fans , for example how many fans went to the cup final last year ? 8k maybe if half of that commits £50 that's 200k .. there is ways to raise money from the fans . There needs to be a sustainable business model which will ensure that there is a club to support going forward and the fans have a massive part to play here.  As I said before the fans wanted dodds sacked it happened the fans wanted robbo gone it happened the fans wanted Kelty move reversed it happened the fans wanted morrison out it happened the fans wanted Gardiner gone it's in the process .. time for the fans to back the club here and it needs to sustainable investment outwith season tickets .. either that or more than 1000 folk need to buy season tickets . The attendance figures attending matches is very poor and has been since relegation from spl . Yes the product on the park isn't great but that's what it is with the resources the clubs got . Time to back the club 

[GaliantGrunt]

Maybe a couple of the 777 Partners who backed out of buying Everton this week might stick a few £K behind us! Maybe that’s what DF is currently up to. After all his instructions from Ross Morrison were indeed to go and find any backers/ players/ Help!

[ictchris]

15 hours ago, GaliantGrunt said:

Maybe a couple of the 777 Partners who backed out of buying Everton this week might stick a few £K behind us! Maybe that’s what DF is currently up to. After all his instructions from Ross Morrison were indeed to go and find any backers/ players/ Help!

Yeah they sound great.

https://en.wikipedia.org/wiki/777_Partners#Controversy

Quote

777 Partners have been sued by multiple organizations for unpaid debts and contract breaches with lawsuits describing their financial practices as a "house of cards" and a "sprawling fraudulent enterprise".

 

Edited June 8 by ictchris

[GaliantGrunt]

Okay, They’ll do, how do we get them on board!

[BornCaley]

Anybody know Karen Gillian? I'm sure i read she was a supporter. We could so with a few bob from her.

[Yngwie]

7 hours ago, BornCaley said:

Anybody know Karen Gillian? I'm sure i read she was a supporter. We could so with a few bob from her.

Closer to home, there is a multi-millionaire who has close connections to the club and owes his success to it. Not saying that he has a duty to step in and help, but it would be much appreciated if he did!

[RiG]

3 hours ago, Yngwie said:

Closer to home, there is a multi-millionaire who has close connections to the club and owes his success to it. Not saying that he has a duty to step in and help, but it would be much appreciated if he did!

Harry Gow?

[Jack Waddington]

6 hours ago, RiG said:

Harry Gow?

With the prices of their wares, we'll be lining up in the Champions League in no time

[Leaky Blinder]

2 hours ago, Jack Waddington said:

With the prices of their wares, we'll be lining up in the Champions League in no time

No harm in dreamring

[bishbashbosh]

10 hours ago, RiG said:

Harry Gow?

If he stopped covering the doughnuts with hundreds and thousands he could give them to the club.

 

[+MrCaleyjag]

On 6/10/2024 at 10:47 PM, bishbashbosh said:

If he stopped covering the doughnuts with hundreds and thousands he could give them to the club.

 

There's certainly enough doughnuts at the club but I wouldn't necessarily trust throwing hundreds and thousands at them 

We're crumbling quicker than an empire biscuit 

[LisleRightPeg]

Any news on potential new investors? It’s wonderful that Savage is funding the youth academy but if we don’t have a first team I can’t see how the youth academy is relevant. 

[STFU]

The club have been investing all the season ticket and merchandise income in lottery tickets and scratch cards.  No win yet, but they're confident it's just a matter of time and are asking the fans to remain patient.

[+Fraz]

I believe that we're banking on a monorail to be built between the stadium and Kelty which will solve all our woes (optional stop may be built at North Haverbrook)

[RiG]

12 hours ago, Fraz said:

I believe that we're banking on a monorail to be built between the stadium and Kelty which will solve all our woes (optional stop may be built at North Haverbrook)

"I've built monorails to Charleston, Inshes and North Kessock and by gum it put them on the map!"

[tm4tj]

New investors now know there is a £588k loss last year to contend with. Not exactly a going concern, but that;s what you get with mismanagement...

[Robert]

But knock off £100k (if the rumours are true) for Gardiner, understand the reduced wage bill and accommodation costs, revitalise sponsorship and fan engagement, and suddenly the gap has closed a bit.

Yes, it would still be a loss, but take away the legacy of past bad management and it becomes a less daunting proposition. 

[Satan]

39 minutes ago, tm4tj said:

New investors now know there is a £588k loss last year to contend with. Not exactly a going concern, but that;s what you get with mismanagement...

And amounts due to 'relevant parties' stands at £2,101,751

For the year up to May 2023 that is.

[big cherly]

53 minutes ago, Satan said:

And amounts due to 'relevant parties' stands at £2,101,751

For the year up to May 2023 that is.

So the attraction for any investor is a ‘new membership’ fee of 2.2 M gbp before you can take a seat and start paying for DF and the rest of the club running costs. 
Not quite an attractive prospect for any serious business or investor. Some ropey and uncertain months ahead I think. Again it has to be said SG presence remains a clear obstacle in the future dealings imho.  
 

Edited July 3 by big cherly

[+snorbens_caleyman]

1 hour ago, Robert said:

But knock off £100k (if the rumours are true) for Gardiner, understand the reduced wage bill and accommodation costs, revitalise sponsorship and fan engagement, and suddenly the gap has closed a bit.

Aye, 'tis but a flesh wound 

[Robert]

It all really depends on whether those relevant parties insist on receiving what they are owed, either upon any investment taking place or at some point down the line (eg conditional on Battery Farm approval).

I still think there is a deal that can be done.

[LisleRightPeg]

Wow that is very worrying. 

[STFU]

20 minutes ago, Robert said:

It all really depends on whether those relevant parties insist on receiving what they are owed, either upon any investment taking place or at some point down the line (eg conditional on Battery Farm approval).

I still think there is a deal that can be done.

Given that Ross Morrison put charges in place I have serious concerns that he has any intention of writing off what he is owed.

Need to also keep in mind that this is the financial position from over a year ago and it required £1.3 million in loans to see us through the 2022/23 season.  That £2.1 million figure could easily be nearer £3.5 million (coincidence that this is what the battery farm would have brought in?) today if the same was required for 2023/24.

A new investor looking for a majority share of even 50% would need over £4 million (£12 million if they want 75%).  Deduct director loans and there's not much left to be doing anything with.

Even the auditors have said again that there's serious doubt that we are a going concern.