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

[+Fraz]

16 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 ?

I don't think it is the time tbh. I've not donated and I don't plan to unless there's some coherent plan beyond 'give us £200k to keep us going another few weeks, and suggestions to solve the ****-show we've been at the wheel off for years on the back of a postcard please.'

Edited October 6 by Fraz

[CELTIC1CALEY3]

If you take out the 20k donation to Go Fund Me, there are now only drip donations. Unless something more dynamic happens, the 200k target does not currently look achievable.  Tomorrow night's meeting may generate some significant extra publicity so it will be interesting if some recent Directors help hit the target in the last hours leading up to the deadline. I may just be a little pessimistic at this early stage. 

[big cherly]

12 minutes ago, CELTIC1CALEY3 said:

If you take out the 20k donation to Go Fund Me, there are now only drip donations. Unless something more dynamic happens, the 200k target does not currently look achievable.  Tomorrow night's meeting may generate some significant extra publicity so it will be interesting if some recent Directors help hit the target in the last hours leading up to the deadline. I may just be a little pessimistic at this early stage. 

These people only know money and every thought and decision is driven by this measure. Morals or any past responsibilities to the club (never mind local suppliers or fans) does not come into the equation. They will do whatever is in their own financial interest. With the sums we are talking about here, ask yourself if you would be any different? 

Edited October 6 by big cherly

[+DoofersDad]

25 minutes ago, robbo1985 said:

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?

I agree that all opinions and potential solutions should be listened to, but the reality is that a large meeting is not the best way to do it.  Meetings are time limited.  If, for the sake of argument, a meeting was held outside in the main stand with around 500 people present, you would end up with less questions being asked then if it was inside as planned.  There would be time wasted with people running round trying to get mics to people who want to ask questions and the usual issues of people not hearing things and asking for things to be repeated.  

Mechanisms are in place so that all opinions and ideas can be listened to.  The club has given a contact email for money saving ideas and the Supporters Trust is collating questions.  This will allow questions to be screened so that the most relevant issues are raised at the meeting and that others are addressed ASAP with the answers made public.  Individuals are also free to post their questions and ideas on whatever social media platforms they subscribe to.

Having said that, I believe public meetings have a real value too.  Directors are seen to be standing up and directly responding to the club's supporters and being accountable.  It gives an opportunity for more detailed explanation on a handful of issues and for some comeback on what they say, but with the best will in the world, there simply won't be time to properly answer all the questions people might have.

I would have liked to have gone to the meeting but I have a prior commitment.  I've submitted some questions to the Supporters Trust and am happy that they will find their way to the club.

 

[Duke of Inverness]

Is donating to the 'Go Fund Me' not a bit like buying a First Aid Kit at Tesco, handing it in at Raigmore, then hoping that'll help the NHS? 

[big cherly]

4 hours ago, DoofersDad said:

I agree that all opinions and potential solutions should be listened to, but the reality is that a large meeting is not the best way to do it.  Meetings are time limited.  If, for the sake of argument, a meeting was held outside in the main stand with around 500 people present, you would end up with less questions being asked then if it was inside as planned.  There would be time wasted with people running round trying to get mics to people who want to ask questions and the usual issues of people not hearing things and asking for things to be repeated.  

Mechanisms are in place so that all opinions and ideas can be listened to.  The club has given a contact email for money saving ideas and the Supporters Trust is collating questions.  This will allow questions to be screened so that the most relevant issues are raised at the meeting and that others are addressed ASAP with the answers made public.  Individuals are also free to post their questions and ideas on whatever social media platforms they subscribe to.

Having said that, I believe public meetings have a real value too.  Directors are seen to be standing up and directly responding to the club's supporters and being accountable.  It gives an opportunity for more detailed explanation on a handful of issues and for some comeback on what they say, but with the best will in the world, there simply won't be time to properly answer all the questions people might have.

I would have liked to have gone to the meeting but I have a prior commitment.  I've submitted some questions to the Supporters Trust and am happy that they will find their way to the club.

 

Risk with the Q&A session and small invited forum is any debate and discussion is tailored to a particular route preferred by those controlling the events. So there is a good chance any good potential outside view or proposal never gets aired. Akin to Canada Scotty’s previous approach to SG. 

C’est la vie! 

Edited October 6 by big cherly

[Scotty]

17 hours ago, snorbens_caleyman said:

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

The troll has had enough attention., banned from topic. 

[ICTPaisley]

1 hour ago, Duke of Inverness said:

Is donating to the 'Go Fund Me' not a bit like buying a First Aid Kit at Tesco, handing it in at Raigmore, then hoping that'll help the NHS? 

Tesco? Every little helps

[buckett]

Realistically, is it now time to look at transferring our loyalties elsewhere?

Easy enough for me - many years ago if Caley were playing away (from Telford Street) I was quite happy to head down to Grant Street and lend my support to Clach, a team for which I still have a soft spot.

With the possible demise of our team, the additional revenue from a thousand odd displaced (and disillusioned) ICT fans could help make Clach a viable contender for the Highland League title and then the Scottish League playoffs, just in time to move operations to the vacant Tulloch stadium.

A lick of white paint and we're ready to storm up the leagues again!! 

[Charles Bannerman]

6 hours ago, CELTIC1CALEY3 said:

If you take out the 20k donation to Go Fund Me, there are now only drip donations. Unless something more dynamic happens, the 200k target does not currently look achievable.  Tomorrow night's meeting may generate some significant extra publicity so it will be interesting if some recent Directors help hit the target in the last hours leading up to the deadline. I may just be a little pessimistic at this early stage. 

This, unfortunately, is not looking good. Based on taking the £20,000 out of the equation and adjusting the target to £180,000, I’ve tried to do a few sums, but there are so many variables that errors are quite substantial - although you can see that donations are currently fading away at an alarming rate.

Predictably there was a huge initial surge and the first four hours saw donations at a rate of 86 per hour bringing in £3267 per hour. Over the next 24 hours that dropped to 24 per hour producing £850 per hour. Another 24 hours on and it’s down to 12 and  £270 and the remaining 24 hours up to the time I’m writing this have yielded 8 donations /£210.

The last 24 hours have therefore yielded £5000 and there’s been a clear and ongoing decline in the rate right from the start. Even if it held at £5000 per day, then it would only make £95,000 of the £180,000 target by the deadline so, adding the £20K back in, that would only produce £115,000 of the £200,000 target. However that assumes that the underlying decline in the donation rate suddenly stops which seems highly unlikely.

There may well be some kind of unforeseen change in donation habits, such as a surge through desperation as the 16th October deadline approaches, but the numbers at the moment seem to suggest that this appeal will do well to reach half its target amount of £200,000 by its target date of 16th October.

So if that’s roughly the way it does pan out… is that going to mean administration for certain?

Edited October 6 by Charles Bannerman

[STFU]

Another way to look at it is that if you remove the £20k and work out the average donation it is just over £30. With £135k still to raise that requires around 4500 further donations at the same level as we've seen so far.

[ICTPaisley]

You might find some people have donated low and will donate again closer to the date.

[+old caley girl]

8 minutes ago, ICTPaisley said:

You might find some people have donated low and will donate again closer to the date.

I agree. I've spoken to a lot of folk waiting till a bit of clarity in our situation. Hopefully tomorrow night 

[STFU]

Here's hoping they do and are prepared to do so every month until the end of the season.

[+Fraz]

If there was a clear achievable plan and this £200k meant that we would be back on an even keel for the foreseeable then perhaps more folk would be interested in donating. Maybe that will come but any kind of sensible approach would have the plan outlined before the plea for more cash to the fans you've ignored and maligned for half a decade. 

I don't think the target will be reached in any case if I'm being honest. 

[CaleyCanary]

You never know, a highly successful meeting on Monday evening giving us lots of honest answers, along with an exciting vision, ideas and plans from the board, may very well ignite a swell of enthusiasm and confidence to donate to the cause and see the target smashed!

[Charles Bannerman]

38 minutes ago, old caley girl said:

I agree. I've spoken to a lot of folk waiting till a bit of clarity in our situation. Hopefully tomorrow night 

I think tomorrow night may be the one thing that could stall the decline.

[bdu98196]

Given the crowd funding has been mooted as an idea by the club for years - 5 in fact, making the questions and points raised in this thread even more relevant and still pertinent to this day. It seems we are still looking for fans to provide money without clarity on what exactly for and while the picture on finances & future now are a bit more clear (very bleak) through the work of AS we still dont know what funds will do and for how long is at all the club survives on the back of it.

 

[buckett]

1 hour ago, bdu98196 said:

It seems we are still looking for fans to provide money without clarity on what exactly for and while the picture on finances & future now are a bit more clear (very bleak) through the work of AS we still dont know what funds will do and for how long is at all the club survives on the back of it.

 

Exactly!

I, and I think many others, have made donations on this premise.

I see it as a one-off emergency donation to help prevent a catastrophic situation at the club.

But don't expect me to do this every month!

[bishbashbosh]

17 hours ago, buckett said:

Realistically, is it now time to look at transferring our loyalties elsewhere?

Easy enough for me - many years ago if Caley were playing away (from Telford Street) I was quite happy to head down to Grant Street and lend my support to Clach, a team for which I still have a soft spot.

With the possible demise of our team, the additional revenue from a thousand odd displaced (and disillusioned) ICT fans could help make Clach a viable contender for the Highland League title and then the Scottish League playoffs, just in time to move operations to the vacant Tulloch stadium.

A lick of white paint and we're ready to storm up the leagues again!! 

Off topic,

As a youngster back in the 70’s, at Telford street one Saturday watched the first half end 0-0 . Boring, yes even back then. 
you got in for nothing second half so decided to walk down to grant street. In the ground asked a guy what the score was, 4-3 to clach was the answer. No more goals finished that score.

next day saw the Caley score, they won 4-3.

FFS 14 goals and never saw one of them.

those days at kingsmills there was an exodus at half time, people heading over to the heathmount or Corrie for a half time pint. ( I was too young)

a mate told me a few years ago thistle v Brora. He went over at half time and the guy next to him ordered a pint in his full Brora kit, muddy boots. Didn’t bother him as he had a great 2nd half. Won’t mention his name.

with the shenanigans going on at clach park at half time, a drunk trying to beat a greyhound (may have been a whippet) getting a halfway start, ( he only got to the 18 yd box when the dog passed him), a streaker running the length of the pitch in wellies with old George Rodgers on the tannoy saying “we know who you are” the glory days of football in Inverness.

 if only they could bring that back today as half time entertainment.

 

[Jack Waddington]

18 hours ago, buckett said:

Realistically, is it now time to look at transferring our loyalties elsewhere?

Easy enough for me - many years ago if Caley were playing away (from Telford Street) I was quite happy to head down to Grant Street and lend my support to Clach, a team for which I still have a soft spot.

With the possible demise of our team, the additional revenue from a thousand odd displaced (and disillusioned) ICT fans could help make Clach a viable contender for the Highland League title and then the Scottish League playoffs, just in time to move operations to the vacant Tulloch stadium.

A lick of white paint and we're ready to storm up the leagues again!! 

 

[ictchris]

If people want to donate to the crowd funder then good for them.  I don't see what it is actually going to achieve.  Will we have one every month?  

At least with Hearts Foundation donations the people donating are part of the ownership of the club.  

I haven't read all this thread, or all of the other discussion, but as far as I can tell, the club is screwed.  We owe millions to previous board members who, despite the update a month ago from Alan Savage, haven't agreed to take it on the chin because they can't afford to.  The club needs to limp on until the Scottish Government offer an appeal on the battery farm, if that gets the green light then the money can go to pay off the creditors and we can start with a clean slate.  If it doesn't then the club goes into admin, potentially (likely) liquidation.  Even if we don't we could get demoted, we could lose our license etc.

Genuinely the worse run club in Scottish football since 2015.  Appalling.

[STFU]

To summarise. Ross Morrison and Scot Gardiner got us into this position by gambling the clubs existence on grand schemes including the battery farm and Seventy7 ventures while begging and borrowing from everywhere.

Alan Savage came in and has been highly critical of these things but now seems to be asking fans to give money to buy some time in the hope that something comes to the rescue from the battery farm or Seventy7 ventures?

If it wasn't my club it would be laughable.

[+snorbens_caleyman]

28 minutes ago, STFU said:

Alan Savage came in and has been highly critical of these things but now seems to be asking fans to give money to buy some time in the hope that something comes to the rescue from the battery farm or Seventy7 ventures?

Savage has done what he said he would do - lift up the drain covers to discover exactly how bad the situation is.  At 74 years old, he may not have the desire or the energy to actually run the club for any length of time - and he may also have higher priorities for his money.  From what I've seen, I don't think that he can be criticised.

It's not Savage who is asking fans for money.  The need for the £200K was identified by his work, but the actual plea came in the communication from Panos Thomas on 2nd October.  (And, of course, Thomas promptly resigned on the very next day.)

That note also suggests that Savage's work is done - "Whilst Alan Savage’s temporary financial lifeline has undoubtedly saved the club from insolvency in the last few months, now that he has reported in depth to the Board, it would be unrealistic to expect that lifeline to continue."

One can only hope for more clarity at the meeting tonight.

[bdu98196]

52 minutes ago, ictchris said:

The club needs to limp on until the Scottish Government offer an appeal on the battery farm, if that gets the green light then the money can go to pay off the creditors and we can start with a clean slate.

 

Not sure its that clear cut. There is an agreement which I'm not sure is legally binding (contractual) that the battery farm money if it comes through would go back into the club from those directors (who appear to be creditors) HOWEVER they have the controlling interest already in the BF so technically could pocket that cash AND still call in the club debts - not very ethical but possible.

Additionally given the various figures and messages banded about even if e get the circa £3m nowhere is anyone categorically saying it wipes out all debts and we start again. It may make inroads and lessen the burdened meaning with various deals & debt restructuring we may get to a sustainable level (zero or profit) but not guarantees (unless I missed that in which case its more positive than I'm aware)

Right now we are asked to throw money at something in the hope of a positive outcome to a decision outwith the clubs control. Straws (paper ones at that) and grasping spring to mind. Definitely one thats easier for the 'cup half full' gang to get behind.