Statement

derwent · **Joined:** Wed Jun 24, 2009 7:59 pm **Posts:** 12359

Compo wrote:

Yes and I thank you for that but to say since before your stance on being civil you haven’t annoyed people is Michael Gove levels of masking the truth. Can’t you see how quiet it is on here and all the people you like to read are gone. It’s all crap jokes and Mr I fishing lately

But you are criticising the Mod derwent for pissing you off personally and all you can refer to is before I was installed as a mod. I haven't defended what went on before I became a mod. I was as guilty as the next man and there were next men but you have never spoken against them have you?? I realised that this forum was becoming nasty and tried to do something about it. I started a thread to discuss it and that thread was used to attack me. I persevered and asked for civility, that has been ridiculed. Not once did you try to back the idea up and you now question Mr I's right to install me as a mod and I've been trying to do the job to the best of my ability and still being criticised by you, even though you are unable to point out to me where I have personally pissed you off, or abused you or attacked you.
The opposite has actually happened. I have sang your praises and will continue to do so despite what you accuse me of.
We'll leave it there shall we.

kebab & chips · **Posted:** Wed May 27, 2020 2:13 pm

[quote="Mr Irrelevant"]Here’s the thing Compo. This place has been going for 15 years with very light touch moderation. It’s been in the main light hearted but recently it’s turned nasty. Yes some posters have been deleted but again that underestimated the people who don’t post because of the constant abuse. I can be accused of many things and some of them rightly but no one can say that they weren’t warned.

This board could get nasty years ago if you disagreed with certain posters & were rounded on by a small group.
A few posters were drove off this board
because of it,but tha group was tolerated because of who they were.
Its not a recent thing at all.

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22663

You could say that about any form of social media or even a school playground

northumberland · **Posted:** Wed May 27, 2020 3:49 pm

£800K for 10% values the club at £8M!

I am grateful for everything Raj has done to save the club but that is completely unrealistic.

Bluestreak · **Posted:** Wed May 27, 2020 4:20 pm

When is football at our level going to start again?

August 2020 start with no fans?
January 2021 start with fans with social distancing and no away fans utilising the Rink end?
Will there be sales of programmes/warm water or gristleburgers?
Cap on the number of fans in the ground?
Will Season tickets be sold or will next season be game by game only via online tickets or pre purchase.
Going for a slash?
Restrictions on mildly intoxicated fans?
Policing?
Stewarding?
Club shop?
Matchday lottery?
What happens if clubs get outbreaks and have to cancel 2/4 weeks of fixtures?

Unless the R rate plummets its gong to feel very different for a long time.

derwent · **Joined:** Wed Jun 24, 2009 7:59 pm **Posts:** 12359

Bluestreak wrote:

When is football at our level going to start again?

August 2020 start with no fans?
January 2021 start with fans with social distancing and no away fans utilising the Rink end?
Will there be sales of programmes/warm water or gristleburgers?
Cap on the number of fans in the ground?
Will Season tickets be sold or will next season be game by game only via online tickets or pre purchase.
Going for a slash?
Restrictions on mildly intoxicated fans?
Policing?
Stewarding?
Club shop?
Matchday lottery?
What happens if clubs get outbreaks and have to cancel 2/4 weeks of fixtures?

Unless the R rate plummets its gong to feel very different for a long time.

What about cold drinks. We need answers.

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22663

Bottle tops?

Bluestreak · **Posted:** Wed May 27, 2020 4:30 pm

Will clubs at our level realise that they cant go on with the current model.

Regionalisation?
Part time?
Restrictions on numbers in squad and loan players?
Reductions in back room staff and increased reliance of volunteers?
A good number of clubs becoming insolvent and failing to fulfil fixtures?
Premier League/ Efl bailout.

Problem is most of the clubs are set up differently, some are in a reasonable financial state and other not?
The current set up is not sustainable.
Are discussions taking place?

Bluestreak · **Posted:** Wed May 27, 2020 4:32 pm

Personally i am more interested in padded seats in the Mill House stand.

Bluestreak · **Posted:** Wed May 27, 2020 4:37 pm

Is this share suggestion of RS not premature given the issues of cold drinks, bottle tops, padded seats and others above not being resolved first?

Bluestreak · **Posted:** Wed May 27, 2020 4:41 pm

Apologies for moving the thread back onto football.

derwent · **Joined:** Wed Jun 24, 2009 7:59 pm **Posts:** 12359

What's football???

RemotePoolie · **Joined:** Tue Feb 19, 2019 8:34 am **Posts:** 597

derwent wrote:

What's football???

I've also forgot, I really do have the memory of a civil

mugsy · **Joined:** Sun Aug 24, 2014 8:17 pm **Posts:** 67

Have I read this correctly, Mr Singh wants supporters to put £800,000 for a 10% share and he owns 90% having loaned the club £2 million
No wonder he's a multi millionaire.

charco · **Joined:** Thu Jun 25, 2015 8:24 am **Posts:** 885

I read it that it was 200K for 10% and then another 200K for another 10%, up to 800K for a total of 40%.

That would value the club at 2 million, which is realistic.

loan_star · **Posted:** Wed May 27, 2020 6:49 pm

mugsy wrote:

Have I read this correctly, Mr Singh wants supporters to put £800,000 for a 10% share and he owns 90% having loaned the club £2 million
No wonder he's a multi millionaire.

another one not oblivious to this fact.

Why doesn't Singh let you all loan the club money like he has? Why should people who put their money in as donations be subject to the whims of a man who has only loaned his cash?

mugsy · **Joined:** Sun Aug 24, 2014 8:17 pm **Posts:** 67

charco wrote:

I read it that it was 200K for 10% and then another 200K for another 10%, up to 800K for a total of 40%.

That would value the club at 2 million, which is realistic.

If your correct that is better but it still doesn't address the fact that supporters are investing and the majority owners input is a loan. Obviously some clarity is needed all round but if the way I read it is correct I hope the trust will be keeping whatever funds have been raised in the bank.

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22663

It reads as £800’000 for 10% to me. If that’s not the case then it needs a little clarification.

Quote:

Equity Participation Scheme (AJ)

The club has considered how people can work together and is to offer a 10% stake in the club for £200,000 as part of an ‘equity participation scheme’ and this was introduced to the group as a high level, low detail idea for investment by partners with feedback welcome. In the short term this would:

Create a clear bond with supporters
Reduce the unsustainable burden on the Chairman
Promote individuals to offer time and skills as volunteers
Longer term the plan is to:

Improve the long-term financial structure of the club
Return to the EFL
Redevelop the stadium
Reduce the club’s debt
The intention is to issue new shares in HUFC with fixed voting rights and subject to meeting a minimum investment level for board representation. The shares would be governed by a new shareholder agreement. Currently Clarence 18’s investment is held as a loan (at zero % interest) but participation equity would be matched by equity investment by Mr Singh.

The first £200,000 investment would be followed by three further EPA investments of £200,000 in the 21/22, 22/23 and 23/24 seasons and this is not currently caveated on which league the club resides. The club is flexible as to how this investment might be managed, though multiple smaller investments would not all automatically receive a seat on the club’s board. By opening the investment potential across the fan base and around local businesses this would remove the reliance on high net worth individuals while still strengthening the balance sheet.

horden · **Posted:** Wed May 27, 2020 8:33 pm

Improve the long-term financial structure of the club
Return to the EFL
Redevelop the stadium
Reduce the club’s debt

Quite novel , a football club wanting to accomplish these sort of aims

Flying Hogans · **Joined:** Tue Nov 05, 2019 10:29 pm **Posts:** 5517

Trust members have been asked their opinion of the equity participation scheme proposal. For what it's worth, this was my response:

• The Club Statement notes that “To date the Chairman has invested over £2 million in the club to sustain losses.” What was the value of his and Jeff Stelling’s original investments in order to take over the club and is Mr Singh’s initial outlay included in the figure of £2 million?
• Your Fans’ Forum Notes state that “the coming season will need at least another £0.5 million through next season based on the projected budget.” Are losses projected in the three subsequent seasons (2021-22, 2022-23 and 2023-24) and if so, at what level?

The purpose of these questions is to understand whether a static 10% stake in ownership of the club in exchange for a total investment of £800,000 via the equity participation scheme represents a fair offer.

accrington fan · **Joined:** Wed Jan 20, 2016 3:22 pm **Posts:** 19656

horden wrote:

Improve the long-term financial structure of the club
Return to the EFL
Redevelop the stadium
Reduce the club’s debt

Quite novel , a football club wanting to accomplish these sort of aims

thought maguire had a plan for all this to happen only a few months ago. just another load of pies on the sky pools speak again looking at recent events.

horden · **Posted:** Thu May 28, 2020 6:32 pm

accrington fan wrote:

horden wrote:

Improve the long-term financial structure of the club
Return to the EFL
Redevelop the stadium
Reduce the club’s debt

Quite novel , a football club wanting to accomplish these sort of aims

thought maguire had a plan for all this to happen only a few months ago. just another load of pies on the sky pools speak again looking at recent events.

Project 25. Hit problems apparently , but to be fair these are uncertain times , politically , economically and now a pandemic. Big plans , and I do believe he genuinely believes in it , but we have heard it all before and you cant blame people for being sceptical.

https://www.thenorthernecho.co.uk/sport ... e-stadium/

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22663

It does have a certain ‘premiership in five years’ ring to it if slightly less ambitious.

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22663

Back to the point. My twopenneth is this:

That level of funding can only be raised by way of a like for like shareholding. Anything less will be seen as unfair and will lose momentum. The 800k should be in exchange for a number of shares as a percentile of the total investment. The danger is that decisions are made on an emotional level, it has to be pragmatic and analysed like any funding decision or investment into a company which this absolutely is.

It needs to be utterly transparent. Paid into a separately held fund and paid monthly to the club not in one big chunk or directly into the HUFC bank account.

It needs board representation in line with the company rules and voting rights. The nominated board member should add expertise and not be subject to any gagging order.

The shares should be held by a community organisation, not necessarily the trust but that would do. If should definitely be regulated and be very transparent.

With those few structural rules you have a chance of raising the funding. Without anything you’re pissing in the wind.

accrington fan · **Joined:** Wed Jan 20, 2016 3:22 pm **Posts:** 19656

do not know much about financial matters but i have heard that there are different types of shares. can anyone explain what these types of share are and which type would possibly be available to supporters.

horden · **Posted:** Fri May 29, 2020 10:15 am

IMO they are asking for too much for too little , either they offer more shares or ask for less money. Think this is a non starter. Its as clear as day to me, Raj wants out , this is just a damage limitation exercise , trying to claw back/recoup some of his losses. The Trust need to be wary of getting played here.

loan_star · **Posted:** Fri May 29, 2020 12:50 pm

horden wrote:

IMO they are asking for too much for too little , either they offer more shares or ask for less money. Think this is a non starter. Its as clear as day to me, Raj wants out , this is just a damage limitation exercise , trying to claw back/recoup some of his losses. The Trust need to be wary of getting played here.

This!!!
The bloke cant be trusted. Why is his input loans and everyone elses is a donation or purchase with no return?

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22663

accrington fan wrote:

do not know much about financial matters but i have heard that there are different types of shares. can anyone explain what these types of share are and which type would possibly be available to supporters.

https://www.informdirect.co.uk/shares/t ... -can-have/

mugsy · **Joined:** Sun Aug 24, 2014 8:17 pm **Posts:** 67

What worries me is if us the supporters whether that's the trust or any other organisation or individual buy a minority of the shares of the club it won t give us any real influence over the running of the club, and if Mr Singh runs out of money or decides he's had enough where do we go then. The likely outcome would be administration or going bust and then the trust would have to start from scratch to raise funds for a Phoenix club. If the worst were to happen and the club had to start again from scratch, obviously it's not what anybody wants, but if the trust had money in the bank it would mean the new club would have cash to start with, it would probably still be able to play at the Vic, and hopefully we would all still be attending the games, so with no debts and no shareholders we should get in a strong position to move forward. Look at Darlo only one league below us and they lost everything including a place to call their home ground, all the money raised by supporters to save the club gone, so started in a much worse position than we would as long as the money the trust has raised stays in the trusts bank account.

accrington fan · **Joined:** Wed Jan 20, 2016 3:22 pm **Posts:** 19656

mugsy wrote:

What worries me is if us the supporters whether that's the trust or any other organisation or individual buy a minority of the shares of the club it won t give us any real influence over the running of the club, and if Mr Singh runs out of money or decides he's had enough where do we go then. The likely outcome would be administration or going bust and then the trust would have to start from scratch to raise funds for a Phoenix club. If the worst were to happen and the club had to start again from scratch, obviously it's not what anybody wants, but if the trust had money in the bank it would mean the new club would have cash to start with, it would probably still be able to play at the Vic, and hopefully we would all still be attending the games, so with no debts and no shareholders we should get in a strong position to move forward. Look at Darlo only one league below us and they lost everything including a place to call their home ground, all the money raised by supporters to save the club gone, so started in a much worse position than we would as long as the money the trust has raised stays in the trusts bank account.

been saying this ever since the issue came up. your best example is halifax. above pools in the league, council owned ground, still playing there and better now than its ever been. all this on lower gates than pools. even clubs like stockport have a rainy day account run by fans that has about 70 grand in the bank just in case. all clubs with a history of bad owners even ones who had the hearts in the right place without the funds should all do this through some supporters organisations.

crewsy999 · **Joined:** Wed Jan 24, 2018 11:00 am **Posts:** 64

I’ve been on night shift for a few days so I haven’t been on here , just had a read of the statement and trying to get me head around this.

I am grateful that raj came along and rescued the club, with loans obviously , he’s not daft.

So now he wants people or companies to invest , not loan, 800k over 4 years and get just 10% of the club.

Obviously the simple fans lap it up and sign over the mortgage to their can houses but surely the intelligent people out there can see this is bullshit and an absolute rip off ?

As horden says above, he’s on his way out, he’s did it before at darlo, we will be next.

accrington fan · **Joined:** Wed Jan 20, 2016 3:22 pm **Posts:** 19656

crewsy999 wrote:

As horden says above, he’s on his way out, he’s did it before at darlo, we will be next.

there is more than a good chance of the raj days being compared to a sticking plaster being used instead of surgery.

Chrissy Stevo · **Posted:** Sun May 31, 2020 5:24 pm

mugsy wrote:

What worries me is if us the supporters whether that's the trust or any other organisation or individual buy a minority of the shares of the club it won t give us any real influence over the running of the club, and if Mr Singh runs out of money or decides he's had enough where do we go then. The likely outcome would be administration or going bust and then the trust would have to start from scratch to raise funds for a Phoenix club. If the worst were to happen and the club had to start again from scratch, obviously it's not what anybody wants, but if the trust had money in the bank it would mean the new club would have cash to start with, it would probably still be able to play at the Vic, and hopefully we would all still be attending the games, so with no debts and no shareholders we should get in a strong position to move forward. Look at Darlo only one league below us and they lost everything including a place to call their home ground, all the money raised by supporters to save the club gone, so started in a much worse position than we would as long as the money the trust has raised stays in the trusts bank account.

This is my major worry. If we as fans manage to raise a big chunk of money and it’s invested into the club, and then the club goes pop then all is lost. The likelihood of repeating the fundraising feat is minimal and we start again with nothing. Given what Raj is asking for I think the trust, and other groups who may wish to raise funds, would be better off holding the money until either what Raj is asking for / giving out is more reasonable or the worst happens and we need to go fan owned or even set up Phoenix club.

Sent from my iPhone using Tapatalk

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22663

Careful, you will be deemed by the brains conglomerate to not be a ‘true fan’

crewsy999 · **Joined:** Wed Jan 24, 2018 11:00 am **Posts:** 64

The post by Chrissy stevo makes perfect sense, and all angles should be considered. If people are so blind they can’t see that then that is up to them.

When furlough stops in a few months and football at our level has likely still not started will Singh still put money in?

He’s begging for 200k to help run the club and 30k to help fund the signing of players from fans. It’s not the actions of a man still wanting to invest.

The last thing you want is money from fans disappearing into a black hole.

paulus the woodgnome and a side salad · **Posted:** Mon Jun 01, 2020 8:52 am

Let's be careful using terms such as 'begging', if I'm led to believe what has been in the press and O/S its that the trust and fans had contacted the club initially asking if they could help out in any way whether financially or voluntarily rather than the club approaching the fans.
I do however agree that any decisions made about funding should be not be made too hastily and without considering all possible outcomes.

horden · **Posted:** Mon Jun 01, 2020 9:30 am

Twice , I've typed out a response , and twice I've deleted it, I just cant be arsed anymore . I'm sure its all been said before , sick of going around in circles.

paulus the woodgnome and a side salad · **Posted:** Mon Jun 01, 2020 9:52 am

I should have added....'if at all' to the end of that post.

Brian Honour's Left Foot · **Posted:** Wed Jun 03, 2020 2:39 pm

horden wrote:

Twice , I've typed out a response , and twice I've deleted it, I just cant be arsed anymore . I'm sure its all been said before , sick of going around in circles.

Well put Mr H. Sick of going around in circles - and the deafening silences or conflicting noises. CEO goes. New CEO arriving soon! Rumours of a new owner, crude requests for monies from fans by existing owner (or, given the way he does things, the current banker) and on and in it goes.

Following a club like HUFC should be about football - however poor it may be - but you wonder if the plot has been lost.

Yep, can't be arsed anymore.........

Bluestreak · **Posted:** Wed Jun 03, 2020 5:31 pm

Cant be arsed......think we are all getting there...

Attachment:

cant be arsed.jpg

horden · **Posted:** Wed Jun 03, 2020 5:53 pm

Bluestreak wrote:

Cant be arsed......think we are all getting there...

Attachment:

cant be arsed.jpg

I know him , he's only 30 years old , mind you he does like a drink , smokes heavily and has had season ticket since he was knee high to a grasshopper :laugh:

Bluestreak · **Posted:** Wed Jun 03, 2020 5:59 pm

Its a selfie

horden · **Posted:** Wed Jun 03, 2020 6:12 pm

He's still got hair , reckon it will fall out next season though

paulus the woodgnome and a side salad · **Posted:** Wed Jun 03, 2020 7:09 pm

Looks like he's sat in Clarence Road in that pic.

horden · **Posted:** Wed Jun 03, 2020 10:31 pm

Striking resemblance to Craig Hignett 6 months into the job at Pools

both times , or was it three?

accrington fan · **Joined:** Wed Jan 20, 2016 3:22 pm **Posts:** 19656

horden wrote:

Striking resemblance to Craig Hignett 6 months into the job at Pools

both times , or was it three?

after his latest rendition of the pools managers song, brother can you spare a dime.

Statement

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