forevertufc wrote:In a previous post you pretty much accused the board of lining their own pockets, what makes you believe this to be the case ? evidence ?
You tell us there were other options, other than G.I, who were they ? name them ? evidence ?
Just out of interest.
forevertufc wrote:In a previous post you pretty much accused the board of lining their own pockets, what makes you believe this to be the case ? evidence ?
You tell us there were other options, other than G.I, who were they ? name them ? evidence ?
Just out of interest.
forevertufc wrote:Yes, I can see how the board remaining in place had G.I gained control would have been to the boards advantage, to me it's how an individual interoperates 'lining their pockets' to me it suggests a person, or persons are syphoning off cash from the football club for their personal gain, which would be a very serious allegation, and one I'd advise individual posters to be careful in making.
I do not believe the current board are doing this, I do not believe there is the money in the club to even try, or for such an act to be worthwhile. We see lots of talk about the Angus transfer money and sell on money from Eunan, I've seen lots of wonderful equations and workings out around the net, but the old chestnut people always forget, any incoming money would surely be liable to tax, and would there be any agents fee's to pay out of this money, also wonder if, or how much 'historical debt' the club still has to repay, before people ask where's the money gone.
The reason why I asked the questions is, we can all make allegations, but you have to able to prove them, it's all very well saying there were other parties interested, I guessed this was case, just because there were other options, this does not mean to say they were better, good, or worthwhile options.
Unless we can name other parties with some certainty their interest was genuine, how can we quantify whether these parties would be, have been a good fit for the football club.
Masters haven't got a clue, other than his ownership of Truro City, Authers and TU fans Ltd, can't say anything for certain about them either, but judging by their behaviour across the forums, the content of what was written, and I believe Authers is known around the building trade, it's my unsubstantiated believe they'd have been a poor fit for the club.
Again it's just my belief the current board are guilty of some poor decision making, we've all been there, won't hang them for that, although reserve the right to critise , but I do not believe they're guilty of any wrong doing.
Thank you for your very informative reply, I have no personal frustrations, just happen to think the reason for our clubs current state runs much further back than this current board, and all the finger pointing, and crying over split milk isn't going find a way forward, not aiming that at you, meant in general.MelloYelow wrote:
It is the norm for Director's to be paid (if not salary) interest and proportional pay back of any personal loans (Thea being the exception writing off loans of £3 million and then gifted a 200k, open ended, interest free loan.) Admittedly I was not very succinct about the Directors payments but that's personal frustration for you!
As Southampton Gull says there is always interest from other parties e.g. Masters was one and the Authers group and no doubt others and who's detail like GI will be keep confidential.
Although not a supporter of a fan-owned football club, as some tout on here, there is merit in some of their arguments. Take Portsmouth Community Football Club (sorry Southampton Gull) who announced an operating profit of £118,000 in its first full year of trading, set against the backdrop of the club emerging from administration with no training ground, kit deal or commercial agreements, with the task of rebuilding trust and confidence from suppliers and stakeholders. the £14m legacy debt, which was reduced to £5m at the year-end and then fully repaid in September 2014 – two years ahead of schedule – negotiated with significant discounts
The Directors are business people and should be in a position to tackle a debt far removed from Pomey's £14m legacy debt without having to sell the family silver to GI to achieve it. I bet the Board wish they had look more closely at other options rather than jumping from the frying pan into the fire. I just hope they have not burned their bridges all at once and find ourselves handing over the keys to GI for loan default. Trust me GI will not be as compassionate as Thea.
Exeter are jammy bastards in getting GREAT LUCK IN CUP DRAWS.MellowYellow wrote:Your right - the current state of affairs does run much further back than the current board and I will try to put my frustration aside (for the time being) and give a little more credit. The Boards average age is 70 so you do wonder why they put themselves up for the thankless task in the first place, so hats off to them for their valiant efforts to date.
If you don't like Pompey as an example what about Exeter who declared profit for 2014/15 of £1,642k.
And the development company was ........ Gaming International, or one of their subsidiary tentacles. I thought I read somewhere that the G.I. loan was to enable Nicho to bolster the squad - e.g. Shaun Harrad, Iffy Allen, Nathan Blissett, Jason Rees, Danny Raachi, Brendan Moore - in an effort to steer us away from relegation. So the Board were between the devil and National South. The only other interested parties mentioned by the Board were Peter Masters and Torquay United Fans Ltd, neither of which fill me with any confidence.MellowYellow wrote: Take Hereford Utd whose ground was central to their financial troubles, with the owners of the club handing the leases over to a development company from whom they had borrowed money to enable debts to be settled. Plans for a new 7,500 seater stadium were drawn up later to become redevelop of the current ground to include leisure facilities, however this was not supported by Herefordshire Council. The rest of the story is history.
All bases covered. 
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