SUFC Board vs Iron Trust

[Xxx]

So the trust has very little money is that correct hmm I rest my case

[64]

You have no case to rest,you’re just being snidy for the sake if it.For some reason you hate the trust and can’t help yourself,get therapy all that rocking backwards and forwards in your chair must be worrying for your family

[Xxx]

Oh dear first to react no money though

[64]

They never claimed to though?
Bit of an odd argument,not sure why you chose to attack a bunch of fairly decent people,but like when uinty started ,they did it in the same way but thankfully in the end just got on with things.
No need to be snidy when all they want is to fulfill their aims

[Xxx]

And they are hmm we want to buy shares with money we don’t have keep going

[64]

Oh I see,you’ve not read the proposal,or you have and are being snidy , Which is it?

[Xxx]

No money no shares

[64]

The proposal is clearly a share save scheme to raise money for shares.Snidey it is

[Xxx]

I said that hours ago if you care to read but you need to sort it out yourselves. I don’t no if you or your friends are capable just saying

[64]

The people who made it possible for someone to come in and “save” the club aren’t capable?
No trust,no asset of community value,no home ,no club . Without the asset the ground would now most likely be rubble. I’d say they can get something done if needs be.Also I know for a fact a trust committee member talked to Swann and brought him back to the table when this current ownership group were negotiating about the ground.As I said ,no trust ,no ground,no club.
For them to now be given the cold shoulder for chasing off FC scam is appalling.
Who went along with the FC scam? Now let me think

[cassidystash]

If I understand correctly The Trust have no money because they have used it to buy shares and wish to continue to do so.

[Awaywego]

Well if I understand correctly the trust have only bought 50 shares up to the last confirmation statement since it’s start in 2012, hardly setting the world on fire.

But whether by knowledge or not at the time they set up 64s last post shows the importance of the trust being able to use the community asset to stop Swann just selling up has quick. And allowing someone else to come in.

[MK Iron]

Difficult to purchase a significant amount of shares if you only charge £10 for a lifetime membership.

Hence the recent scheme to raise £100,000 and to earn at least a seat at the boardroom table if not the ability to influence decisions.

If the club agreed the scheme I would have handed the trust £1,000 towards it’s target. My motive is to help protect the club against toxic owners and hair brained ownership changes.

No point in me buying £1,000 worth on my own as that achieves nothing in terms of supporter oversight on the custodians of the club.

If there are enough supporters thinking similarly then the trust could easily meet the £100,000 target and probably beat it.

Some or all of the current owners obviously do not want oversight from representatives of the supporters. Makes me wonder why and concerns me for the future.

1 user thanked author for this post.

SST

[Apollo11]

MK Iron wrote:

Some or all of the current owners obviously do not want oversight from representatives of the supporters. Makes me wonder why and concerns me for the future.

A good take on the situation.

[SST]

Awaywego wrote:

The club invite the unity group down to the attis,
Where’s the invite for the FSA recognized group the Trust.

The Trust have a meeting arranged with the club next week.

2 users thanked author for this post.

Deereyme66, Awaywego

[iron insider]

Would £100,000 get a seat on the board?
It’s not even 1% of the club.

[MK Iron]

Since when was the club worth more than £10m?

[Iron-awe]

MK Iron wrote:

Since when was the club worth more than £10m?

Was never worth that much when the club owned the ground, think ii has got his sums mixed up a bit.

[Awaywego]

It isn’t MK but the club sell shares at £20 a pop, when the board were given theirs.

Like iron insider said £100,000 would only get 1% of the total shareholding, the Wharton’s have over 20,000 shares between them with no place on the board.

Mentioning no names but 2 family members of one of the board have 6150 between them I wonder if they purchased them or gifted them you can make your own mind up.all of which would be more than the trusts 5000+ which if it came to voting.

End of the day MK buy some shares if you want to be a part owner of the club, lots of others have and i understand the sentiment behind it, but £1000 for a piece of paper that in reality is only a piece of paper that the minimum purchase price £100 will get a similar piece of paper.
As owner you could always give the trust a covenant to use them in their holding but at least would always be yours.
Me and you both were willing to give £1000 to purchase the ground if that’s what it took to get the ground away from the owners of the club, and that be any owners, but honestly I can’t see the merit in the trust buying especially when the club aren’t interested in the first place, gift horse and all that.

[Awaywego]

The club have a working share capital of £8,900,000 broken down from £20 a share give 445,000 shares Michelle acquired 92% of them from Hilton (he paid £3) which equates to 401350 if I remember correctly, leaving the other 8% owned by every Man and his dog respect to most of them.
Now how much is the club really worth! As much as someone is prepared to pay for it, still comes with all the debt Sharp balked at, and know doubt some more loans to pay back from what we’ve being led to believe.
I’ll take a guess at £4.

[64]

Any monies the trust hand over wouldn’t be loans

[ironlion82]

The Trust have over 1200 Members which is approx 25% plus of the fan base.
If only a quarter of the Members joined the scheme and put £10 a month in then it would mean £36k a year to buy shares
£36k a year would pay at least one players wages !
And the Club don’t want this !!
As for knocking the Trust they played a major part in saving our Club and that must not be forgotten.

[ironfromafar]

Maw means More ..
lets summerize ?
club welcoming unity pics on website etc et blowing off Trust who played a massive part in saving the club, maybe the BovD want a load of YE Smen to get further share issues and votes over the line .

lets wait n see but for now my SUFC assistance via any means has ceased which is sad being a supporter in 1980 albeit overseas since 2000.

[Deereyme66]

There’s a big difference between paying £10 for life and £10 a month. How many of that 1200 would / could do it? I reckon about 50%. Still nae bad though.

[ironfromafar]

Deereyme66 wrote:

There’s a big difference between paying £10 for life and £10 a month. How many of that 1200 would / could do it? I reckon about 50%. Still nae bad though.

IFA Fresh out ov a soapy, i am retiring very soon n handing over the bizz to my lad and could by buy shares or even a director out but why the fook should i ?
i may have more time to post on SM .. even visit Gunness the place i was spawned, also GPAA and my local town ?

My point is IMO from dat 1 this Unity Bollocks is all about chest puffing fookers like Maw who are just trying to undermine the Trust.

[Awaywego]

That’s 2 people in week that are withdrawing extra funding to the club that they would normally have given and that’s just from Bru posters.

Everyone has to have a serious think on what they really want, and certainly the trust group who meet the board next week clear objectives and no sucking up ala virtually everyone who meets Trump.

I just want the club to keep the Trust in the loop with the trust being the only recognized group from others outside the club if only the Football supporters association the football regulator will also recognize them.

Question to all.
Would you want a fan board member if he was privy to something like the Fc100,000 scheme but unable to say anything to the fans because of agreeing confidentiality.

[64]

The trick here is to educate the fans,a director’s 1st priority is the company and board.They can only present points to the board from a fans perspective.The loonies on the FBook group were into Wrihty straight away because He wasn’t slagging Swann off ,.,same morons were at it with the trust because they had to not back the sort of aggressive protests and pitch invasions we saw.

[BigLeftToe]

Awaywego wrote:

That’s 2 people in week that are withdrawing extra funding to the club that they would normally have given and that’s just from Bru posters.

Make that 3, also cancelled my monthly prize draw tenner. I’m a Trust member and would happily re-direct it there if this share scheme were ever to take off.

2 users thanked author for this post.

Iron-awe, MK Iron

[SST]

Awaywego wrote:

Mentioning no names but 2 family members of one of the board have 6150 between them I wonder if they purchased them or gifted them you can make your own mind up.

I can confirm they paid in full to support the club.

1 user thanked author for this post.

Sanfran49

[Awaywego]

Wonder if the trust will be pushing for a fan director again.

[Author]

Posts