Jon
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Post by Jon on Nov 9, 2016 0:20:16 GMT
Anyone know what odds Chairman Dave is currently offering on former long term exclusivity period property developers GI taking over at the end of January? Won't happen. I think that the new benevolent multi-millionaire will clear all of the club's debts before pumping in yet more money to take the club forwards. Don't forget, we've got four of them lining up. One could drop out - possibly two at a push. But it's hardly likely that all four will drop out, is it? |
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Rob
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Post by Rob on Nov 9, 2016 1:34:17 GMT
What if the inevitable bidding war were to wear down those other two, Jon? Unlikely given their undoubted keenness to pump in those millions, you say? You may be right. It's important, however, not to forget the GI safety net we now have that a supporter organisation would never have had the foresight to ensure. A safety net, no less, that comes with a new stadium and from an owner that wouldn't regard profit as a dirty word either.
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simonb
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Post by simonb on Nov 9, 2016 7:23:56 GMT
Liquidation and GI - as likely as Donald Trump becoming the 45th President? !
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Deleted
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Post by Deleted on Nov 9, 2016 8:04:59 GMT
Trump's United States Triumphsimonb A day to salute a stunning TUST victory. If not a new owner, then at least a new occupant in the White House. Surely President Donald will be given honorary membership of TUST ?   
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simonb
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Post by simonb on Nov 9, 2016 8:09:08 GMT
Interesting times- perhaps God Bless America should now become God Help America!
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rjdgull
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Post by rjdgull on Nov 9, 2016 9:01:46 GMT
link - Amongst the cash flow problems with the lack of home games due to our FA Cup Exit, it has been reported today that after further talks this week the board will decide this weekend as to what party they will pursue seriously. I can see this going to the wire and there is a significant risk of a deal not going forward or having to accept reduced terms along the line. I wait to be pleasantly surprised but like others that have posted on here, I am cynical about the outcome.
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simonb
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Post by simonb on Nov 9, 2016 9:12:02 GMT
The only thing the current board has in abundance is large dollops of serial incompetence so not sure anyone can expect anything too exciting in the days/weeks ahead?
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Rob
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Post by Rob on Nov 9, 2016 13:35:13 GMT
What of Trump's Unity Over Strife Call this morning, AJ? More or less likely than Dave Phillips uniting fans behind the best deal for the Club's future?
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Post by plainmoorpete on Nov 9, 2016 14:19:27 GMT
The body language of the front table at the fans' forum was a little puzzling. They looked like cornered wounded animals, snappy and aggressively defensive. They looked like people who knew they had gambled the club's future and who knew that they may very well go down in history as the people who killed TUFC. That statement is grossly unfair. If the club dies it will be because there was nobody with the will and means to save it. Not because of any actions by Dave Philips and the board; they came in to keep the club afloat while a new owner able to maintain the club as a full time professional outfit was sought. The fact that no such benefactor exists is not the boards fault. TUST simply do not have the means to do that. Yes they could run it as a semi professional outfit, but how many current supporters would want that. The best way forward for TUST is to concentrate on trying to secure the freehold of Plainmoor. If GI do take over, the only thing in it for them will be to try and buy the freehold from the council. If TUST owned the freehold GI are left with two options, liquidate or sell the club to TUST for next to nothing. In the case of liquidation TUST would be free to launch a phoenix club at Plainmoor. If anybody is to blame look to the previous regime. They had the opportunity to create and maintain a financially stable club; instead they just threw money at it creating a financially unstable mess with too many overheads. |
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rjdgull
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Post by rjdgull on Nov 9, 2016 15:12:14 GMT
You could argue that the previous board sold the club on the understanding that £300,000 was to be invested by the current board. As unity slipped, about half of that "investment" was taken out with the void filled by the GI loan in lieu of their takeover. So fracturing of the board played a significant part to our immediate problems. Fans were working on the basis that the 1800 breakeven figure was being met at the time little aware that the GI deal was a result of the club already being in desperate straits.
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Rob
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Post by Rob on Nov 9, 2016 16:22:42 GMT
Fear not, Pete. If GI take over, the asset of community value status obtained by TUST gives time for launching of new funding regardless of who owns the Club. For TUST to divert attention to that today would be a TUST-sceptics wet dream, in my opinion. Upsetting all those investors queueing up to put in millions. Poor old Dave negotiating in that backdrop would be the cry. It's not even up for sale by the Council yet. Bloody lefty supporters etc. Remember how fans were told to be patient and quiet before, Pete.
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simonb
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Post by simonb on Nov 9, 2016 17:21:02 GMT
Problem is there's so much to criticise the way club matters have been handled over the past couple of years that openly invited comment and is not just about matters financial!
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Rob
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Post by Rob on Nov 9, 2016 18:13:32 GMT
Fear not, Pete. If GI take over, the asset of community value status obtained by TUST gives time for launching of new funding regardless of who owns the Club. For TUST to divert attention to that today would be a TUST-sceptics wet dream, in my opinion. Upsetting all those investors queueing up to put in millions. Poor old Dave negotiating in that backdrop would be the cry. It's not even up for sale by the Council yet. Bloody lefty supporters etc. Remember how fans were told to be patient and quiet before, Pete. I think Dave Phillips has been quite unfairly maligned by supporters who have no intention of putting their hands in their own pockets. DP was approached to be one of 10 persons to each put in 30 grand. He agreed and put his share in. Shortly after, 6 of those 'investors' pulled out, meaning the remaining 4 would be required to put a further 45 grand each in to maintain the 300 grand total, or find someone else who could and would. Since then DP has tried to fill that void as best he and the board could; they haven't walked away or pulled their money out. If there should be any ire directed at anyone it should be at the 6 'investors' who pulled their portion, as soon as they found out that TUFC wasn't going to be the gravy train they envisaged. To those who so freely criticise the board, I say 'put up or shut up'. You can only play with the cards you are dealt. There you go, Pete. Flo has demonstrated how quickly some will turn on fans. Leave the poor Board alone. It's a good deal we've got going on with GI if all else fails. There seems to be an awful lot of advice offered to TUST and fans by people critical of TUST and fans these days. Not directed at you, Pete, as I can see where you're coming from and if GI take over, I could see a potential share issue being put to fans within an ACV time period, who if they vote that way, may seek to buy the ground when GI show their obvious hand, as most fans have realised what GI means. Even Dave Phillips is of the opinion GI, whilst someone to get a loan from, aren't the right people to own TUFC. Maybe his is the voice some on here will listen to, if GI's spin didn't capture enough fuel for a pseudo-libertarian rant instead about nice property developers. Keyboard w*nkers could easily extend to w*nkers full stop when it comes to description of supporters for some. Fans who put their hands in their pockets for the Club week in week out and will continue to do so long after this Board has gone and we are either owned by property developers or someone else. I have read elsewhere from one bizarre poster saying fans are "really worthy, but worthless really" as he goes on to try and set up some form of collective of fans based around him. I think for some though, this "worthless really" thing is a hurdle they cannot get over with their thinking. I hear we are getting news next week on ownership. The thread title. The message at the forum from Dave Phillips did contradict for some the message from yesterday regarding whether there are actually any offers on the table. Some would say 1. idiot fans misinterpreting the obvious; 2. not the most clear of statements; 3. it was deliberate to confuse and 4. others might say there aren't any offers. Alpine has already dealt his hand on this elsewhere, but I suspect those keen to dismiss fans will generally go for the first option or respect it if it was the third one. All supporters, however frustrated they may be, whatever their view of the Board or whatever next they are accused of, will no doubt be hoping upon hope it is not the fourth one. |
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simonb
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Post by simonb on Nov 10, 2016 6:26:10 GMT
Let's see what emerges over the next few days and balance that against what was said at the recent Forum.
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simonb
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Post by simonb on Nov 10, 2016 19:16:45 GMT
Errrrrrr.......possibly one loan signing may be in place for Saturday - wow! No update thus far on all the bids (did they really exist)? So far not so good!
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