1899 / 100 Members Consultation Event @ GP Monday 18th

Iron Bru Forums Blast Furnace 1899 / 100 Members Consultation Event @ GP Monday 18th

  • This topic has 32 replies, 13 voices, and was last updated 5 months ago by fans6464.
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  • #278143
    sufc_100sufc_100
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    As a 100 club member who lives away from Scunthorpe, I will be unable to attend Mondays announced consultation event @ GP. Are there any other 1899 / 100 club members who are going on Monday that would be able provide a summary of the meeting?

    #278144
    Deereyme66Deereyme66
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    Maybe get in touch with the club direct to ask them to update you? I’m sure they wouldn’t mind updating a current member.

    #278145
    fans6464
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    Can I ask how much you put in,was it the full £1899,or was there an instalment option? ,who did you make payment to?

    #278147
    AwaywegoAwaywego
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    Registered On: June 20, 2017
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    Doesn’t sound like there’s a meeting as such, more an individual consultation, hope everything goes alright for those who purchased them.

    #278156
    sufc.not.on.toursufc_not_on_tour
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    All these extremely naive people who invested money into the scheme, invested into SUFC (1988) LTD, a company solely owned by David Hilton, a sole trader and Director, they did not invest in any company associated with Scunthorpe United Football Club.
    They have no claim legally against the club. The claim is against the owner of the company they invested in, that company is still trading and a simple google search will point them in the direction.

    #278157
    SouthYorksIronSouthYorksIron
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    Registered On: May 26, 2017
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    All these extremely naive people who invested money into the scheme, invested into SUFC (1988) LTD, a company solely owned by David Hilton, a sole trader and Director, they did not invest in any company associated with Scunthorpe United Football Club.
    They have no claim legally against the club. The claim is against the owner of the company they invested in, that company is still trading and a simple google search will point them in the direction.

    They didn’t. It was advertised via the club, with enquiries to be addressed to the club. One of the benefits was an opportunity to buy a share in SUFC (1899) Ltd.

    https://www.scunthorpe-united.co.uk/news/2023/february/fan-stadium-ownership-opportunity–lifetime-1899-membership-package/

    I didn’t buy one, but those that did are not as naive as you’re claiming, despite buying into something that would have no value should the club go into administration.

    Without having looked into the terms and conditions in any detail, nor being a lawyer of any sort, I’d imagine they have a legally binding contract with the club at this point.

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    #278162
    cliffbyrnesrightpegCliff Byrne’s Right Peg
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    All these extremely naive people who invested money into the scheme, invested into SUFC (1988) LTD, a company solely owned by David Hilton, a sole trader and Director, they did not invest in any company associated with Scunthorpe United Football Club.
    They have no claim legally against the club. The claim is against the owner of the company they invested in, that company is still trading and a simple google search will point them in the direction.

    I’d hold back on the extremely naive when it doesn’t look like you’ve read the T&C’s.

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    #278164
    ironfromafarironfromafar
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    I decided not to invest and thankfully my daughter heeded my advice and also did the same.

    If i had decided to go ahead then i would be working with others in the same boat to form group sponsored legal team to challenge WHAM for a refund.. Dodgy Dave as the labour MP Denis Skinner once called out in the HOP.

    #278165
    SouthYorksIronSouthYorksIron
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    Registered On: May 26, 2017
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    I decided not to invest and thankfully my daughter heeded my advice and also did the same.

    If i had decided to go ahead then i would be working with others in the same boat to form group sponsored legal team to challenge WHAM for a refund.. Dodgy Dave as the labour MP Denis Skinner once called out in the HOP.

    Why?

    The 1899 membership (joining a club, and not ‘investing’ into anything) was explicitly sold by the club, having been advertised on the club website and sold via the club commercial department. It clearly doesn’t represent investment into SUFC (1899) Ltd., as membership only provides the opportunity to buy into SUFC (1899].

    The fact that the previous chairman was chairman at the time doesn’t give him personal liability for the transaction under company law (which provides limited liability for shareholders), though he could potentially be found to have been in breach of his fiduciary duties as a director towards shareholders by not acting in the best interests of shareholders in introducing the scheme.

    Until this is proven, I can’t see how he is personally liable, nor why 1899/100 club members would need to be in contact with anyone other than the club. The club’s actions in reaching out to those members suggests this is the case, and also that the club will be trying to negotiate its way out of the liabilities they have been left with by the promises made under the membership scheme.

    The only people in a direct relationship with the former chairman under this scheme would be any (if there are any) who paid their optional £1 to invest into SUFC (1899) Ltd., and with limited liability they’re not going to be sustaining a substantial loss given the share purchase price.

    #278167
    fans6464
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    They went into it in good faith and most importantly a wish to be part of SUFC ,I personally think it looked a bad deal and reckon they don’t need their noses rubbing in it,they’re just good fans

    #278169
    dandaherron@yahoo.co.ukJust Iron
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    They went into it in good faith and most importantly a wish to be part of SUFC ,I personally think it looked a bad deal and reckon they don’t need their noses rubbing in it,they’re just good fans

    Yep. Of course this needs working out for those who bought in .. but the comment above should surely be central to our thinking.

    #278170
    SODIronSODIron
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    Registered On: July 8, 2014
    Topics: 21

    I seriously considered joining the 1899 club when it was launched as I had a little spare cash and wanted to support the club in anyway I could. The main things that stopped me were;

    1). I am an existing ST holder in the Vertikal Stand and couldn’t see an easy way for me to get across during the match to use the facilities that were promised.
    2). It seemed like it was rushed and ill thought through.
    3). I had just started hearing lots of stories around the trustworthyness of DH.

    Thankfully I didn’t go ahead and join, but I do feel for all those who did. I am 100% certain that they joined to help the club out and should not be belittled, mocked or derided for this.

    #278447
    fans6464
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    was there anything that came out?

    #278448
    AwaywegoAwaywego
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    Should that read anybody?

    #278503
    Rene ArtoisRene Artois
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    Did any young (20s) guys or girls sign up?

    A lifetime of football for a token, if we survive.

    #278569
    AwaywegoAwaywego
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    Speaking to an 100 club member yesterday he said it was a meeting and not individually he arrived 1/4 an hour in he thought the same as me, only 30 ish there, lots only found out on Twitter about the meeting ( questioned why they couldn’t email all) so bloody easy, told not many individuals involved more businesses, and they would try and do there best to honor them, no final decision club are going to have a board meeting early Jan to decide,
    Ps no one demanding they honer or refund, meeting generally went down well other than the communication.

    #281020
    AwaywegoAwaywego
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    Evidently the club have offered a season ticket for 6 seasons instead of for life, very poor offer imo, at least give them a feeling they’ve gained from their initial outlay and genuine support of the club the very minimum of 10 seasons or there abouts.

    #281030
    fans6464
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    Very poor? All or probably more often their money back in value is poor?your mate Hilton’s scam was poor,this is a great offer that they didn’t have to make

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    #281032
    cliffbyrnesrightpegCliff Byrne’s Right Peg
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    Very poor? All or probably more often their money back in value is poor?your mate Hilton’s scam was poor,this is a great offer that they didn’t have to make

    I’m not sure that’s necessarily true as the contract was between the club and the buyer.

    Nevertheless the offer seems to be a fair one, it’s a shame that supporters were conned and the initial outlay is huge, however over time they should hopefully regain their outlay.

    For those still not happy- and there will be some- I do believe the offer of a full refund should be kept on the table until the beginning of next season.

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    #281038
    wotnowbrncowwotnowbrncow
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    Were contracts actually signed? knowing everything we do about Hilton I’d be surprised if he committed to anything in writing.

    #281039
    AwaywegoAwaywego
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    Members who stand will lose our in monetary terms, unless we get promotion every season for the next 5 seasons lol.

    #281040
    fans6464
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    I’m sure Michelle Harness will be c surprised to hear that you know the cost of season tickets for the next 5 years, perhaps you can let her know

    #281041
    AwaywegoAwaywego
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    It doesn’t take a rocket scientist to figure out Michelle as very little room to maneuver on ticket prices even if we do achieve one promotion, so of course I don’t know what the prices will be but then again I’m not that thick either to think that prices will be more than the £1899 for another 5 seasons standing obviously 64 you are. Hey ho.

    #281044
    fans6464
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    They will be more than £300 and won’t go down, they’ll go up in the ensuing years to o .Financial reality . You were thick enough to believe in Hilton and even cried off to Facebook because brighter people on here were too right for you

    #281046
    AwaywegoAwaywego
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    You can only charge so much whatever league your in a 10% increase next season if we’re in the same league couldn’t be justified. Happy to have believed in Hilton on the football side of things and never posted on Facebook while Hilton was here.

    #281171
    fans6464
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    The Irony is when anyone pointed out to these people that Hilton was having them over all of the ones I saw all said that they didn’t care if they lost their money when Hilton was here ,they were doing it for the club. It’s ironic to see their bleeting now, especially as they nearly lost it all and the new honest club owners are trying their best to find a way of getting them at least evens or better

    #281181
    Iron-aweIron-awe
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    I’m sure if the money had been going to the club they probably wouldn’t have minded. Easy being wise after the event, an old adage but very true.

    #281183
    fans6464
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    they were told before during and after,some were quite impolite too

    #281185
    Iron-aweIron-awe
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    Were they told by the owner though?

    #281187
    fans6464
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    “Btw Its a bad idea,thank for your dough”

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