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Meanwhile back in La La land, Matt gets his hattrick and the scouts of Peterborough and Brentford get all excited and report back with the message "we must break the bank and get this talent...."
19th Nov 2024 17:14:28
[87.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
FWIW if we could find a willing buyer to keep us afloat and competitive bouncing between leagues 1 and 2 I'd sell out tomorrow. Is that my fault too that being able to do that is even less likely now that the super RA has passed the first hurdle and I voted no to it?
19th Nov 2024 17:09:52
[81.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
6MDM - if the worst happens, we will each have our scapegoats for it, one probably as valid as the next. I could live with some people putting the blame on me.
19th Nov 2024 17:08:16
[81.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
So now it's my fault if the employed club officials and the DTB cannot come up with a way between them to balance the books and have a plan to pay back the bonds they have known about since 2020? Oh I see, it's so clear now. Silly me. And there was me thinking the club is over-stretching itself and using capital income to fund operations. I also thought the bond money was to help finish the stadium. Now it is clear. They are right to use money from cup rubs and player sales to fund losses. It is also alright for them to panic, not provide any financial analysis as to how selling a bit more equity will solve these underlying issues and just trust them. I've been so stupid.
19th Nov 2024 17:06:17
[81.lo.gg.ed]
Silk - We'll find out shortly. But members should be making these decisions with all the relevant information in front of them.
19th Nov 2024 16:58:36
[80.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Maverick - as others have pointed out this has come before the release of the figures and the vote should have been delayed for a month. I dread to think what the figures are telling us. My intuition tells me that if they were good the boards would not be putting their weight behind the 50+1.
19th Nov 2024 16:57:16
[82.lo.gg.ed]
Sadly I think we need to go further than 50+1 if we cannot stem the losses and find a way to balance them.
I have now gone from being a fan-owned zealot to one who accepts we have to sell out now to survive. Their is no future for us as a fan-owned club. We may well stagnate under an owner but at least we will keep going,.
19th Nov 2024 16:52:33
[82.lo.gg.ed]
I have always been a no to selling out for success but I will accept it to keep going. I do hope for someone to show me how we can keep going fan-owned and I do think it will be hard to find a buyer for us with good intentions. But I won't be blind to a our financial predicament.
I can see this proposal being put to the members again in, say, a year's time and flying through if it is properly researched and explained to the members. This has all been done in such a rush that the views of members weren't properly canvassed before the proposal was issued and put to the vote.
19th Nov 2024 16:51:51
[80.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Been raining for 30 hours in London on and off..delays on district line if anyone uses it to wimbledon pk/station
19th Nov 2024 16:46:20
[10.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
RK - I understood your post as you stating the people saying we are not ready as asking the DTB themselves to understand how close to bankruptcy we are and to give us something better to vote on. What I am saying is that stance is pointless and damaging to our future.
19th Nov 2024 16:45:50
[82.lo.gg.ed]
I did understand your point you just didn't like the answer.
With little competiton Sky Sports+ should get quite a few viewers tonight. Including lots of scouts probably.
19th Nov 2024 16:45:33
[176.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Why does Silk always misintepret my posts? Does he do this to everyone or just me?
19th Nov 2024 16:38:42
[31.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Silk. Lurker says not to worry. It won't have an impact on the wage bill or squad for another 2 yrs at least.
19th Nov 2024 16:37:27
[10.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Not dead but certainly in the ICU. A £3m commercial loan to fund 2027 bond repayments will probably cost close to £0.5m pa
19th Nov 2024 16:37:01
[31.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
It's up to the Dons Trust board to provide a clear enough vision to get past the threshold required. I'm not voting for any board resolution until they provide an adequate level of assurance and a 20 page fluff piece 'strategy overview' doesn't cut it. They received 71% votes in favour. Provide greater assurance - including the release of the full strategy - and I'm sure they'd clear 75%.
19th Nov 2024 16:35:18
[86.lo.gg.ed]
Strong performance in delivering a strategy over the next few years will attract more confidence from investors than the current shitshow is likely to illicit.
RK - atm the moment we are within three years of bankruptcy. How much closer do you want it to get? If we keep on making these losses without any ability to pay off the second round of bonds it will be even quicker. Yet people are still more interested in fighting their civil war with members of the DTB than what is best for the club.
19th Nov 2024 16:34:40
[82.lo.gg.ed]
I do not agree with some of what the DTB is doing but this is more important than that.
Surely not Postie - apart from today's drizzle, it's been pretty dry ...
19th Nov 2024 16:34:27
[31.lo.gg.ed]
Hosepipe ban or flooding?
Wandale is a bit high are we safe tonight
19th Nov 2024 16:33:07
[104.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Strong words Silk but i dobthink it was disingenious to vote no. The "we're not ready" bit questions how close do you want to be a potential bankrupcy?
19th Nov 2024 16:27:11
[31.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Hash has it right - the people who voted against 50+1 should put their balls where their mouth is and come up with an alternative way of funding the club. Without the means of clearing the stadium we are dead. We may be no better after we have paid the debt off but at least we have a fighting chance.
19th Nov 2024 16:16:27
[82.lo.gg.ed]
If we do go down remember who killed it.
Good point Nick W. This board is a cluster. An absolute cluster.
19th Nov 2024 16:04:55
[149.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Maverick, it's something that sadly will define this board, how sad is that. The next tranche of DTB members will have a population of restarting or returning members, hopefully with some new blood. The moment anybody says from the former groups, this is how we always do it, somebody give that person a slap. If ever there's a time for new elected members to look towards a different direction it's now. New board, new chair, new vision, new direction and Renewed emphasis at change being a force for good.
19th Nov 2024 16:02:24
[87.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Another aspect of information being withheld is the fact that the 2024 accounts have not yet been issued- no proper company would expect shareholders to vote on a significant financial proposal in a situation where the most recent available accounts are nearly 17 months old.
19th Nov 2024 15:59:02
[140.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Alan - It was what happened with that proxy vote that persuaded me to stand in the election.
19th Nov 2024 15:41:36
[80.lo.gg.ed]
Ex www.wup.me.uk - The home of WU