Admin by Oct 16th - It's here now!

[+DoofersDad]

59 minutes ago, davie said:

Same old record dougal, same old tune. Tiresome 

Amusing too!  Just the thought of somebody wasting time scrolling through 1000+ names just to see if Charles has donated, and completely failing to grasp that Charles might be one of the large number of people who donate anonymously!

[bigterrybutcher]

Just out of interest is or have the supporters trust made a donation? Not calling anyone out just asking the question as they had a fund didn't they which was to put money into the club ... the time is now is it not ?

[Robert]

Stronger Together was set up specifically to buy shares in the club, and the funds raised are ring fenced for that purpose.

In recent weeks, the Trust has funded the revamp of Bar 94 and supplied new signage, including the updating of the main sign at the stadium to reflect the 30th anniversary. 

[bigterrybutcher]

I'm sure the articles could be rewritten if it was agreed . Moneys no use sitting there if there's not a club to support . Fully understand and appreciate that the trust has and continues to do good things for the club it's more so the money that's sitting there collecting interest which the club could be doing with now which was where my question came from. Is there any one on the trusts board that could confirm exactly how much money is in the stronger together fund ? 

[+snorbens_caleyman]

3 hours ago, Starscape said:

Why on Earth do people see his posts when there is a block function. It's patently obvious he's not an ICT fan, so why bother? He's such an obvious troll.

Because averting your gaze doesn't mean that something has gone away.

[+old caley girl]

1 hour ago, bigterrybutcher said:

I'm sure the articles could be rewritten if it was agreed . Moneys no use sitting there if there's not a club to support . Fully understand and appreciate that the trust has and continues to do good things for the club it's more so the money that's sitting there collecting interest which the club could be doing with now which was where my question came from. Is there any one on the trusts board that could confirm exactly how much money is in the stronger together fund ? 

Personally I think we need clarity re the go fund me first? Is this money just going to be swallowed up into the black hole of debt? The ST cannot just change the rules to suit our current predicament imho

[bigterrybutcher]

7 hours ago, old caley girl said:

Personally I think we need clarity re the go fund me first? Is this money just going to be swallowed up into the black hole of debt? The ST cannot just change the rules to suit our current predicament imho

ST can change the articles no problem and then put it to a vote to the people that's put £ in and it's job done not as hard as you'd think. In terms of the go fund me I think it's pretty much cast and died either the club finds £ before the next home game or its administration. Administration will be an absolute catastrophe people will lose jobs livelihoods and in all likelihood the club will enter liquidation due to lack of assets to obtain money from . That means the academy and the community trust becomes irrelevant as there is no progression line for young players as there is no club to link it into so there is a lot on the line over the next two weeks.

[+old caley girl]

20 minutes ago, bigterrybutcher said:

ST can change the articles no problem and then put it to a vote to the people that's put £ in and it's job done not as hard as you'd think. In terms of the go fund me I think it's pretty much cast and died either the club finds £ before the next home game or its administration. Administration will be an absolute catastrophe people will lose jobs livelihoods and in all likelihood the club will enter liquidation due to lack of assets to obtain money from . That means the academy and the community trust becomes irrelevant as there is no progression line for young players as there is no club to link it into so there is a lot on the line over the next two weeks.

And next month? 

[+L_G]

11 hours ago, bigterrybutcher said:

Just out of interest is or have the supporters trust made a donation? Not calling anyone out just asking the question as they had a fund didn't they which was to put money into the club ... the time is now is it not ?

By refurbishing the bar and utilising volunteers the ST have provided an improved revenue stream for the club

[bigterrybutcher]

34 minutes ago, L_G said:

By refurbishing the bar and utilising volunteers the ST have provided an improved revenue stream for the club

No denying that... that isn't the question.. the question is regarding the funds sitting in the stronger together fund .. the trust have done and continues to great work  

[bigterrybutcher]

58 minutes ago, old caley girl said:

And next month? 

Who knows its gives a month to find potential investors doesn't it ? Appreciate what ur saying regarding kicking a can down the road but there is literally no point having funds sitting there doing nothing if the club requires them 

[+old caley girl]

1 minute ago, bigterrybutcher said:

No denying that... that isn't the question.. the question is regarding the funds sitting in the stronger together fund .. the trust have done and continues to great work  

The Trust can't just hand over money that wasn't given for that purpose? 

 

[+old caley girl]

1 minute ago, bigterrybutcher said:

Who knows its gives a month to find potential investors doesn't it ? Appreciate what ur saying regarding kicking a can down the road but there is literally no point having funds sitting there doing nothing if the club requires them 

Out of interest did/do you contribute? You could write and ask for it to be transfered? This is your view but might not be one the other contributors share? This money might be better utilised in the future? My opinion 

[robbo1985]

45 minutes ago, L_G said:

By refurbishing the bar and utilising volunteers the ST have provided an improved revenue stream for the club

Hi Laura, do you have any idea when the cancelled tickets for tomorrow night will be made available ...or if the club plan to make another announcement regarding this? Thanks

[dougal]

22 hours ago, snorbens_caleyman said:

Just what we need right now, personal abuse. 

My tolerance levels are low at the moment, so I'll call it out - surely this is against the rules of the forum?

Not personal abuse merely an observation so calm down girls. 

My take is we should just accept administration which is inevitable liquidation may well follow.
If I’m totally honest I actually applaud Bannerman for not contributing to the go fund me account no one in their right mind would plough money into the club at the moment if the debt figures being flouted are correct. 
Sobering thought but that same money could fall into the hands of Gardiner or Ferguson or for any else that is owed money it’s certainly not going to save the club. 
The Inverness business community won’t  touch us with a barge pole at present and a large swathe of the city population don’t want anything to do with us. 

Start again and regroup regardless at what level that is with a possibility of a rebranding to Inverness United/City or simply InvernessFc. 

The ICT brand is damaged beyond all repair whether we like it or not. 
 

The Go fund me debacle should have been set up for funds after administration so the new club in whatever form had something to build on. 
 

Dougal

 

 

 

 

 

Edited October 6 by dougal

[+CaleyHedgehog]

2 minutes ago, dougal said:

calm down girls. 

Wee bit sexist Dougal, but much as it breaks my heart to say it, you may well have a point on the other issues you have raised.

[dougal]

14 hours ago, davie said:

Same old record dougal, same old tune. Tiresome 

Always amuses me when you appear it coincidentally goes with United going well.

Angry wee man Davie just like your hero

Dougal

[buckett]

10 hours ago, old caley girl said:

Personally I think we need clarity re the go fund me first? Is this money just going to be swallowed up into the black hole of debt? 

 

48 minutes ago, dougal said:

no one in their right mind would plough money into the club at the moment if the debt figures being flouted are correct. 

Not sure how comfortable I am with this idea that the club should avoid repaying their debts. This is of course what liquidation would achieve, and to an extent, administration, neither of which we would wish for.

The idea that the money we contribute through GoFundMe should be ring-fenced only to address certain aspects of the club's financial shortfall while ignoring the "black hole of debt" is morally wrong.

[+MrCaleyjag]

Why is there even a question over whether certain people (fans) have donated or whether the Supporters Trust have donated even being asked? Whether in jest or not, this is not the time to be singling out individuals and diverting attention from the actual cause and from those who are the only ones who the attention should be on and being questioned and that's the BOARD!

Personally, I haven't donated for varying reasons but that doesn't mean I'm wrong in not doing so.

Every ounce of anger and questioning and feeling of doubt and ill-feeling should be fully thrown at the board (members past and present) for allowing the situation to get this bad.

Every single one of us, every single fan, has something to lose in some aspect whether it be financial or otherwise. The Supporters Trust, like every other shareholder, has something to lose so if you're going to question the Trust over funds or allocation of funds, where's your questions publically of every other shareholder that has a vested interested in the club? Or is it merely that the Supporters Trust is an easy target as at present, other that the board and AS, they are the most visible and therefore an easy target?!

Be angry at the right people. Question the right people. 

The people who have caused this don't want that to happen, they want your anger deflected elsewhere.

[dougal]

30 minutes ago, buckett said:

 

The idea that the money we contribute through GoFundMe should be ring-fenced only to address certain aspects of the club's financial shortfall while ignoring the "black hole of debt" is morally wrong.

I 100% it is most definitely morally wrong but this club was formed on immoral principles I just can’t see a sudden about turn and change in direction can you ?

There are many to blame for this shambles not just the present or outgoing board.

I saw this day coming a long time ago if I’m being honest 

Dougal

 

 

[Charles Bannerman]

13 hours ago, bigterrybutcher said:

I'm sure the articles could be rewritten if it was agreed . Moneys no use sitting there if there's not a club to support . Fully understand and appreciate that the trust has and continues to do good things for the club it's more so the money that's sitting there collecting interest which the club could be doing with now which was where my question came from. Is there any one on the trusts board that could confirm exactly how much money is in the stronger together fund ? 

Is this question not partly hypothetical since, even if there was a will within the ST to make such a change, this could never be practically achieved in the ten days that remain before the 16th October deadline - when we have been told that the club will go into administration if the £200K  is not reached?

[STFU]

13 minutes ago, buckett said:

 

Not sure how comfortable I am with this idea that the club should avoid repaying their debts. This is of course what liquidation would achieve, and to an extent, administration, neither of which we would wish for.

The idea that the money we contribute through GoFundMe should be ring-fenced only to address certain aspects of the club's financial shortfall while ignoring the "black hole of debt" is morally wrong.

Alan Savage has intimated that clearing debt owed to suppliers was prioritised and it has not been mentioned as still outstanding in the last couple of statements. From that I take it that the only outstanding debts are what is owed in director loans and maybe Puma. HMRC will have been cleared as SFA/SPFL will penalise for that regardless of admin or not.

If we were to choose the administration route then it would be those who have provided the loans to decide our future as they would need to agree terms on a CVA for write off or repayment terms. If agreement can't be reached then we would be liquidated. That would mean assets handed over in settlement or selling to the highest bidder. That could remove any potential claim in battery farm proceeds and put carparks further out of reach.

Either way it places the clubs future in the hands if past directors. Can they be trusted or are they financially able to ensure the club isn't liquidated?

I still edge towards admin being the way to go. As is we are slowly sliding towards oblivion. Admin just means that decision is taken now instead of it dragging on and hoping for a miracle. It's doing that which got us here now.

[big cherly]

59 minutes ago, MrCaleyjag said:

Be angry at the right people. Question the right people. 

Err well yes,

Filtered and sanitised questions forwarded in writing via an approved and associated group to the clubs SLO. Replies structured in generic bland language to whitewash over the past 5 years gross negligence and responsibility. 
Then a forum with limited invited audience to ask for fans money to pay for running another month. Then what, same again in November??

 

[CaleyCiuin]

Not all local suppliers have been paid off. I know of one local company ( who I won’t name), who didn’t want ( couldn’t afford), to turn their debt owed by the club into equity/  shares as Alan Savage wanted. I don’t think it is the only one. This is why Alan thought he might be able to clear the debt, but has now realised this is not the case. Perhaps a question to ask at the meeting tomorrow and to understand fully what the crowd funding money is going to be used for. Paying off debt and or paying wages & running costs. Of course bringing in the administrators isn’t cheap either as their daily fees are steep. 

[robbo1985]

Given the club's current predicament , in my view, all opinions and, by extension, potential solutions must be listened to.  A limited capacity meeting restricts that and is not particularly 'open'.

Again I would ask if a larger part of the stadium could be utilised?

Edited October 6 by robbo1985