LD- agree that we need to put in place protections now, if we can. I don’t know if it is still possible (I think that there are legal restrictions on the ability of a company to transfer its assets at an undervalue if it is or is nearly insolvent, but I don’t know if that would apply to us at present). That is exactly the sort of stuff that the DTB should be looking at now - maybe they are, they wouldn’t advertise or minute it publicly if they were doing so.

If we sell the club what controls can we have to stop Mr. Nice Guy circumstances changing and the club being sold to Mr. Asset Stripper shortly afterwards?

TF - isn't that the problem if it was their loss. Shouldn't the MD/CEO be in charge of the PLC. Why do we have so many fragmentations. The DTB do this, the MD/CEO does this and the PLC board does this. Why not have all decisions made from one place from people who are paid to make them and so can devote the time to get them right.

If we go into administration in an uncontrolled way (rather than selling in an agreed sale) we will of course have absolutely no control over who subsequently buys the club, so our DTB’s moral scruples will be irrelevant anyway

That loss was from the PLC, right?

Laurence - isn't that what we pay Woodruff for or wasn't he there when the proverbial hit the fan.

Silk - business acumen might have prevented £400,000 of losses?

I’d take that money all day long Silk. There’s an irony in trying to maintain the moral high ground when the integrity of the trust is at an all time low.

Does any amount of business acumen help when you are losing money every week? I am sure that Woodruff has some acumen and he cannot solve this problem. It is just re-arranging the deck-chairs on the Titanic. If we want to remain a L2 club we have to have someone who will sustain the losses. Otherwise we have to accept we cannot keep on making losses.

'I agree with Nick' which I believe was at one time a common phrase.

Which one were you trying to undress?

The reality is that cutting the budget won’t work either- cutting it enough to balance the losses would almost certainly see us relegated from L2, at which point you lose revenue so you have to cut further…. Given our high cost base at Plough Lane I doubt that there is any level at which we could operate profitably without outside investment (the DT should have studied this to identify our options, rather than relying on what I or anyone else “thinks”, though I doubt that they have…). As such, we will inevitably end up in administration and the real question should be what happens next and whether we can put any safeguards in place or whether we can find a way to sell out control ( none of this 50%+1 nonsense) while we still have some control of the process

OI, That was one thing I've been wondering myself for a short while. We did have two members of the DTB that reclused themselves of standing again (Maverick and Hoody) that I believe had businesses, or certainly experienced managing them, not sure on size though. There are a few Proboards commentators that often chirped up with sensible observations at the shortcomings of the way things have been managed, again with business experience. I'm not doubting that some/most of the current DTB have senior roles with their employment, but I'm not entirely convinced that equates to being able to run a business, and certainly not of this size. Is there a skills audit available for members to see, as these to some degree would have appeared as part of their election package?

As an aside Google AI can't distinguish between Mick Buckley and Erik Samuelson. Info on one, picture of the other.

If we don’t get outside investment (and I think that’s a very difficult thing to achieve with the current bunch negotiating it - happy to be proved wrong here) then an option you missed is administration followed by private ownership.

Laurence - a good reason to avoid it if people like the WM guy are on there… 😂👍

No point in saying 'we can't' when we do and it can only be changed through restricted action protocols. Our governnce system may nt be fit for purpose but we can't just wish an alternative one into existence. So I'd like suitably qualified people involved. As an example take Buckley's position. There has been criticism of it for years (OK mostly from me) and the search for a successor ended with the most likely candidates apparently telling us it was a bad structure. Nearly a year on from that, are we any closer to sorting the situation out?

OI - we were due to have three on the board last season from what I could see. One stepped down before starting (family reasons), and two were sidelined off the back of Shane's banning due to hurty words being used.

What are the other options then Trigger? Cause I cannot see any.

Those aren’t the only options Silk

Spit - I agree with you about getting outside investment but if we do not get it it is either cut the budget or have no club. Would you rather have a club in L2 or the NL or no club at all?

Even board/business experience won’t help us from here. Too many people making bad decisions and too many wastes of space nodding along quietly rather than speaking up for what’s right.

Oi - the DTB are unpaid volunteers who to fit decision making on a multi-million pound business around a day job and a family. This is a recipe for disaster and this is what is happening in real life. In most businesses shareholders make no decisions and the executive board are legally required to act in their interests. We cannot have the DTB or us governing the board it just will not work and our financial results show this.

A4E - unusual morning, since I have been busy with doing accounts this week, so not spent much time checking out Twitter, except the idiot in the West Midlands, who has retired rather than be sacked, and will get his full pension, even though he has lied to loads of people including MPs.

Of course cut the budget have a couple of relegation lose 2/3k off the gates once the plough lane novelty wears off and we can't caompete with the big spending teams in the conference 🙄 cutting budgets for me is a bad idea,stop dragging heels ,get the investment in now not next week /month/year! Build the hotel or whatever, get it done before it's too late.(or maybe it's too late already)