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Angus is just their pit bull- Cerberus at the gates.
19th Nov 2024 12:40:53 [148.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
I think Marc White has his hands full at Dorking, Kitey. I believe he's the manager there as well as everything else.
19th Nov 2024 12:37:57 [148.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Snowing in Banstead
19th Nov 2024 12:26:39 [86.lo.gg.ed]
But not settling
Has anyone enquired with the DT about whether it’s possible to have early redemption of their Plough Lane Bonds?
19th Nov 2024 12:26:13 [41.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
The incoming elected board have the opportunity (if I am correct) to vote for a new DTB chair and also choose representatives onto the PLC board, I hope those I voted for get elected as I feel they will challenge the PLC and interact with the members, I would also like to think that the 3no existing DTB members on the PLC board are not re-elected to the PLC board as this needs new people or it will just be the same old same old!! Maybe Angus will now resign after these votes.
19th Nov 2024 12:17:05 [90.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
If someone keeps their bonds in the club after the club has been saying how desperately it needs money to pay bonds, then I guess it is a sum they are willing to write off.
19th Nov 2024 12:13:03 [86.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Well said OW - the fixation on rules, constitution, processes and procedures is an indication of the focus from the DTB being in the wrong place. It's frustrating to see such time and effort wasted when the club is back to facing such existential challenges.
19th Nov 2024 12:12:24 [149.lo.gg.ed]
Maybe it's time for a Dons Trust re-org.
Plus he's a Wimbledon fan from Selhurst days ...
19th Nov 2024 12:11:35 [31.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
I'd bring someone like Marc White in as CEO. He's seems good at getting all the commercial/local businesses to sponsor Dorking
19th Nov 2024 12:08:32 [31.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
The DTB being shite isn't a recent thing - it has been shite for some considerable time. Glad to say that my interest in the club has been waning for some time. It no longer gets so much as 1p from me. Only when this crock of shite have departed will I consider engaging again. I
I wish everyone well in trying to remove the cancer from our club.
19th Nov 2024 12:08:05 [90.lo.gg.ed]
Anyone with Bonds should withdraw their money immediately because this lot will drive the club either into non league or administration whether your finance is there or not
Lurker - iowners don't want to pay, who do they expect to pay for it? Ownership of anything is a financial commitment. Being tapped up to buy and brick, lose your money in Seedrs, Ponzi bonds, we're much needed sticking plasters to buy time. But that's at an end. Financial commitment of £1 day, year in year out to sustain the club. From the few HNWI's I know, as a yardstick there would be no interest in buying into something that has no return, is likely to lead to further burden and allows them little to sod all influence to shape direction. We'll need a full on philanthropist willing to clear the slate and hope that the incumbents stumble upon sustainability.
19th Nov 2024 11:51:37 [109.lo.gg.ed]
Hoping that Nick R has a plan 👀
Too right, OW.
19th Nov 2024 11:48:06 [148.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Nick probably a yo-yo National League/NLS club is the most sustainable model.
19th Nov 2024 11:47:30 [185.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
the time spent writing resolutions and organising meetings would be better spent identifying and maximising all of the existing revenue streams.
19th Nov 2024 11:40:13 [51.lo.gg.ed]
Burning too much nervous energy on the wrong stuff.
Lurker - whilst the stadium and club are different entities I think the 'In the Wider Interests' company (that owns the stadium) is a subsidiary of the main PLC, so would be captured by any transfer of ownership, administration etc?
19th Nov 2024 11:39:56 [86.lo.gg.ed]
Hence why the PLC can use the stadium as security, I guess
When I get to Plough Lane tonight at 1930 I probably wont be able to buy a programme or golden goals. I used to bring guests to games several times a season but am reluctant to do so because I dont get any credit for my debenture/season ticket place. The Club has not taken the opportunity to write to me to ask if I would forgo the interest on my bond for the next 5 years ( I probably would)
19th Nov 2024 11:31:40 [51.lo.gg.ed]
All that adds up to about £400. The Club could double its annual revenue from me with some very simple actions.
If you want to run a “prudent and sustainable” football club you are arguably pretty much confined to non league (lower end of National League at best), so the twin aims of being prudent and sustainable and of getting back to the league are (and have always been) incompatible. We have come a long way even so (and that is a big achievement) but now that we are saddled with the overheads and debts of the new ground we probably can’t go back to non-league, even if there was an appetite to do so.
19th Nov 2024 11:28:20 [104.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
WJ - The important clause is clause 8 of Schedule 1 (Restricted actions) which states: "Rescinding this Schedule - a. This Schedule once approved can only be removed by a vote classified as an A status
restricted Action." - So yes, there is a get out of jail free card there. I did ask this on proboards and they completely missed the point. I'm not raising it again because it's in our interests for it to remains as it is. :)
19th Nov 2024 11:27:46 [86.lo.gg.ed]
The clause is explicit it is a class A vote needed.
Fans can be left alone, it's just owners that might need to be milked.
19th Nov 2024 11:26:44 [86.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
What Hard said 👏
19th Nov 2024 11:25:15 [81.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Anyone know if we pay to be a part of the The FSA?
19th Nov 2024 11:25:02 [149.lo.gg.ed]
If so I'd propose that's an immediate cost saving to be made. They are of no identifiable value.
I think realistically the option to sell entirely is the only one that might attract any significant external investment.
19th Nov 2024 11:24:11 [82.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
So it looks like the only way to raise more money will be to charge the wealthier a load more for the product (which of course many of us will do), and accept that attendances will fall to around 6k - plus sell our best players over and over, thereby resigning ourselves to a forever future in L2 (with the occasional season or two in L1 if we get lucky). Have I got that about right?
19th Nov 2024 11:23:00 [81.lo.gg.ed]
Happy to have things explained more optimistically to me, but with actual facts rather than wishy washy apple pie thinking….
Milking the fans for more money is not the way forwards. The fans have done everything in the past 20+ years to get us to this point, we now need help to get us further
19th Nov 2024 11:20:46 [131.lo.gg.ed]
Ex www.wup.me.uk - The home of WU
Looking at actions 7, 8, 11 & 13 in [Link] it would appear that the SRAs could be discarded/revised with a current class A vote (as voted on for 50.01)
19th Nov 2024 11:10:53 [51.lo.gg.ed]
More sloppy work by the DTB, or a 'get out of jail free' card?
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