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 Post subject: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 9:40 pm 
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The original purpose of the Trust was a safety net in case the sh*t really does hit the fan in terms of liquidation. It is ticking along nicely in the background. BUT as several fans are starting to point out, if the Trust puts all of its funds behind this prospective consortium in exchange for a seat on the board two things will happen.

1. The Trust will no longer have the wherewithall to act as a safety net.
2. They get a seat on the board which can listen, but has absolutely no say in the direction HUFC takes - in other words, token representation.

If it does all go t*ts up (Singh pulls out or some other not too unlikely event), we would be in a MUCH worse position than we already are (and we're up sh*t creek now).

Realistically any contribution the Trust makes to the consortium would be a massive amount to them, but a small contribution to the overall pot.

IMHO the consortium should find its own funds and leave our safety net alone. If the consortium is successful we don't need fan representation, however nice it sounds in principle.


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 Post subject: Re: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 9:48 pm 
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If the trust don’t get involved then Singh won’t and we likely won’t have a club anymore.

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 Post subject: Re: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 9:51 pm 
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Mr I would be the man to ask but I thought the Trust was set up to buy shares in the club and get a seat on the Board because that is why I signed up ?? We are in this position because we were kept in the dark and what we need is fans involved and keeping an eye on things and fans buying a stake gives them access to accounts so they can see what is being spent. People saying what you have mentioned are the same ones that hate the Trust and the closer they get to having a say and the more money the Trust raise the more worried these people get. The truth is they would arther see the club die than the Trust even own 1 per cent of the club.


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 Post subject: Re: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 10:07 pm 
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From a personal point of view I have never really been a fan of full fan ownership and have consistently stated that on here for a number of years. Going bust and starting again for me is the worst thing that could ever happen but if it ever does then ok.

I have always thought the best way forward for a club like Pools is an investor/fan model that basically scares off your asset strippers and outright conmen of this World because the supporters have a seat on the board and are party to everything that is happening and that’s it’s in the best interests of the club. One of our investors is Jeff Stelling, for me in this situation he’s been our biggest asset in all of this along with the Trust but we have someone else who’s making things viable and is showing the colour of his money along with Jeff. Now it’s time for us to follow suit.

It’s fair to have question marks over Raj Singh but he wasn’t the reason Darlington Football Club were insolvent, some of his behaviour at the very end may have been regrettable and questionable but for me with or without him the outcome for the club at the time would have eventually have been the same.

Pools are a different case study, with a clean slate and solid business plan theirs absolutely no reason why the club should be in the financial mess it’s in now. We need to get behind this.


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 Post subject: Re: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 10:24 pm 
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Is it too much to ask for people to stop the fighting among fans just for 2 weeks to see if this can grow legs seems only fair after the Trust held off doing their fundraising until after the fans united day. We live in hope !


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 Post subject: Re: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 10:27 pm 
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It shouldn’t be really should as this can actually save the club for at least three years.


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 Post subject: Re: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 10:31 pm 
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Face Paint Army wrote:
Mr I would be the man to ask .


Perhaps Ron would be the man to ask.

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 Post subject: Re: Trust or not to Trust
PostPosted: Fri Mar 09, 2018 11:49 pm 
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ed-t-ball wrote:
Face Paint Army wrote:
Mr I would be the man to ask .


Perhaps Ron would be the man to ask.


He wasn’t involved when it was first set up and that is what the question was unless I read it wrong.


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 Post subject: Re: Trust or not to Trust
PostPosted: Sat Mar 10, 2018 12:42 pm 
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charco wrote:
The original purpose of the Trust was a safety net in case the sh*t really does hit the fan in terms of liquidation. It is ticking along nicely in the background. BUT as several fans are starting to point out, if the Trust puts all of its funds behind this prospective consortium in exchange for a seat on the board two things will happen.

1. The Trust will no longer have the wherewithall to act as a safety net.
2. They get a seat on the board which can listen, but has absolutely no say in the direction HUFC takes - in other words, token representation.

If it does all go t*ts up (Singh pulls out or some other not too unlikely event), we would be in a MUCH worse position than we already are (and we're up sh*t creek now).

Realistically any contribution the Trust makes to the consortium would be a massive amount to them, but a small contribution to the overall pot.

IMHO the consortium should find its own funds and leave our safety net alone. If the consortium is successful we don't need fan representation, however nice it sounds in principle.


I am in complete agreement with charco. The Trust is there to pick up the pieces in the event of the worst happening and must be in a position to do just that in the event of Raj Singh 'doing a Darlington on us'.


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 Post subject: Re: Trust or not to Trust
PostPosted: Sat Mar 10, 2018 12:49 pm 
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The more I think about it the more I'm inclined to agree. If Raj gets bored who's going to pick up the pieces? The fans would have to stump up again.


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 Post subject: Re: Trust or not to Trust
PostPosted: Sat Mar 10, 2018 12:50 pm 
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The trust for me has to be flexible. An opportunity has arose to try n get a stake in the club, something that if we had 2/3 years ago may have prevented coxall from trying to get all these loans against the club that’s got us in this shite. They have to go for it.

Sometimes they can’t win, they stand by they get hammered, they get involved they get hammered.

They have to at least try.


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 Post subject: Re: Trust or not to Trust
PostPosted: Sat Mar 10, 2018 1:04 pm 
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pooliecrab wrote:
The more I think about it the more I'm inclined to agree. If Raj gets bored who's going to pick up the pieces? The fans would have to stump up again.


Hartlepool is not a 'wealthy town' and fans cannot keep laying out cash indefinitely.


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 Post subject: Re: Trust or not to Trust
PostPosted: Sat Mar 10, 2018 1:28 pm 
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I will be winning the euro before next year so won`t matter :hand:

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 Post subject: Re: Trust or not to Trust
PostPosted: Sat Mar 10, 2018 2:08 pm 
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Posts: 885
PJPoolie wrote:
It shouldn’t be really should as this can actually save the club for at least three years.


This could save the club, but it also may well not.

Pools have been burned badly in the past, everytime throwing our all into the project and blindly believing in thieves and conmen. I'm in no way suggesting that there is something wrong with this consortium BUT it could fail.

It would be naive and irresponsible to put ALL of our eggs into this one basket.


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