......Finally HUST would like to invite you to a pre-match ‘virtual pint’ via zoom (details below) on Saturday from 2pm. Michael Weir from HUST will be talking informally about the above and taking questions from members, and then everyone is welcome to stay on whilst watching the match. If this is successful then we will look to do this again before future games, potentially looking at special guests taking questions.

What's the zoom key?

ID: 984 0119 8031 ??

I may have got this wrong, but it appears that:-
1. Singh appointed Jesper, who has a history of working with fan involvement at various clubs. He supposedly knows what fans' trusts are all about
2. Preliminary talks with Jesper in the lead up to the meeting are encouraging, & HUST believe that discussions might be positive. I think Jesper had an idea of how much HUST had available
3. Singh wants £250,000 for a 10% equity stake, representing his value of his investment
4. HUST only have £100,000 at present & point out that raising £250,000 is unachievable in a short timescale
5. Singh tells HUST to hang on to their cash & keep saving "for when it might be needed" (attendees please correct me if that last bit is wrong)
6. HUST could have invested £75,000 in 3 instalments & if they didn't make a 4th instalment, Singh wouldn't have to give away any equity participation
7. HUST representatives felt that, overall, the response they received was somewhat dismissive

It all leads me to think that Mr Singh has little intention of diluting his shareholding, for anything than a totally unrealistic price based on his own valuation. Does he really have many shares as most of his investment appears to be via inter-company loans? It appears that not so long ago he valued his investment at £2million, but now that he has invested more money he thinks his investment is worth £2.5million. It doesn't work like that I'm afraid

OK, without Mr Singh. we most likely wouldn't have had a club & would have had to start from square one, but I can envisage that is where we will have to start from when this goes pear-shaped

Lone Star did say to exercise caution

Amazing that a company that is losing money hand over fist turns down not one but two offers of substantial investment.

Point 4 should have been negotiated to a stepped holding of 2.5% for each instalment. After that a community share issue should have been launched. Unfortunately that’s unrealistic in these troubled times so buy the 4% with the current 100k and have a binding agreement to purchase the remaining 6% when funds are available.

Finally do this publicly - No ND fucking A’s. All this cloak and dagger secrecy and confidentiality stuff is utterly pathetic.

Mr I have tremendous respect for everything you have done but be fair - no commercial transaction/ negotiation is ever undertaken without an NDA. That is the real world.

I disagree mate. The only leverage a Trust has is the fan base and NDA’s are only applicable if you agree to sign one. I would refuse on the basis that the board is purely a representation of the membership and they have to be kept informed.

If the club then refuse to talk then I would say that in a press release. Let’s face it, the current tactics haven’t worked.

This isn't a normal commercial transaction. In a normal commercial transaction the people putting up the money would sign the N.D.A. and then have access to all the financial information in this case we the fans would be putting in our hard earned cash without being able to see where the clubs money is going. Why is it top secret if the owners are so generously putting in such large sums every season. I for one an very sceptical about the claims of anybody who isn't a supporter putting money into the club, what is the motivation for such generoisty. In the interview with Ken Hodcroft he gave an explanation of I.O.R. reasons for investing so what is Raj Singh's motivation.

As a Trust member who is against this, I think HUST have dodged a bullet.

IMO this shows Singh up for what he is.

With Mr Singh we eventually won't have a club either. As I keep saying, Singhs appointment just prolonged the inevitable , kept the life support machine on a few years longer.

Maybe it is the real world, but as we know, there is a lot wrong with the real world. The whole NDA thing reeks of something to hide, same as the official secrets act. No way should supporters money be invested in something requiring an NDA. Nothing to hide, transparency , everything out in the open , that is the world I want to live in, not the real one.

bet bury and macclesfield wish they hadn,t sold out to their promises of substantial investment. trust no investors till the money is in the bank and even then check it again.

Evidently the chairman hasn't pulled the plug on support for the manager and the team. Pools have started the season with a competitive squad and Dave Challinor isn't having to rely on kids and cast offs - not that he'd have stuck around for long if that was the situation. Promotion is a more realistic option this season than the previous 3 fannying around with inexperienced managers learning on the job. Pools had the financial stability last season to achieve something, but Hignett wasn't up to it and Covid brought an early stop to any chance DC had of turning things around.

The chances of Pools developing a self-sustaining financial model are far better in League 2 than stuck in the NL. Excuse me, but for now at least I'd much rather focus on the season ahead that take heed of the Bunker's wise sages predicting inevitable disaster (even though I know you lot will probably be proved right sooner or later).

That is what I can't understand, that Challinor has been allowed to assemble a team that can and should be able to compete in this league , whilst off the field everything points a club that is skint. Its as though the two sides of a football club, on the field and off the field are being run as two seperate enteties.

Good point Mr Horden. A good part time Commercial Manager would pay his/her salary within a couple of months.
This club has a big fan base all over the world with loads of us busting to buy product.

yes, and not just replica shirts either.