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And if we cannot get money from player sales or cup runs then what?
17th Nov 2024 09:34:52 
[82.lo.gg.ed] 
We are completely fucked without 50+1 - we may not be any better with it unless we can cut losses - and anyone not voting for it is putting the club's future at risk. You may not like or trust our DTB but you really have no choice. It is 50+1 or insolvency. 50+1 give us a chance to avoid insolvency from the annual losses. The other option would be selling out if anyone was mug enough to buy us.
$6M - selling down to 50+1 is to pay off the second round of payments in 2027. If we do not sell down then we have make up that second round from player sales instead or from cup runs. If we sell down then these sales/runs can be used to pay off our annual losses. We cannot use player sales/cup runs to finance the second payoff of bonds and cover losses. So not going down to 50+1 has everything about going bust.
17th Nov 2024 09:30:17 
[82.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Selling doen has nothing to do with going bust. We need to get our operating costs under control, whatever we do, as if we don't, selling down will just delay going bust but not stop it. Two completely different issues that the DTB propaganda machine are happy to allow to be confused. Selling down is just for capital projects, or at least it should be. We cannot default on repaying the bonds either. That is another urban myth. There may not be a charge over assets securing the bonds but bondholders could still sue in court and seek to recover their debt if the club has assets it could sell to repay it, which it does.
17th Nov 2024 09:19:08 
[78.lo.gg.ed] 
The way this club is being run I'd happily sell out tomorrow. The issue is these resolutions make that less likely, so we will be stuck with teddy a little longer, at least until we do go bust.
I still haven’t voted as was waiting to see if the threshold was hit before doing so. My head says vote Yes to 50% because we need the additional equity to sell and give us some sort of buffer, however my heart says to vote no because of the makeup of the DTB and my lack of confidence at this moment in anything being delivered with the quite obvious them and us with the members.
17th Nov 2024 09:15:34 
[90.lo.gg.ed] 
Also lets not think that we can keep delaying a financial plan as 2027 will creep up very quickly and we may then be selling for less as we will look and be desperate for funds.
Of course the decision on the 50+1 should have been delayed until the new financial figures are released. Which I believe is next Tuesday. It would have given a more informed decision.
17th Nov 2024 09:14:27 
[82.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Meadow - if we don't sell down to 50+1 we will either go out of business or have to cut our wage bill to keep afloat, get relegated and the lower revenue will put us out of business. Selling down to 50+1 is the only for us to pay off the bonds. We could decide to default on the bonds but that would lead to us lacking credit and that would put us out of business.
17th Nov 2024 09:10:26 
[82.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
KD - though of course the "new" DTB is unlikely to be significantly better than the current one, given the strange goings on around the election process.
17th Nov 2024 09:06:59 
[86.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Whilst I think we are still 50/50 to make the playoffs we were not lucky yesterday. Barrow created little yesterday. Only one decent chance and that was at 1-0. Everything was either regulation saves for Goodman or well defended.
17th Nov 2024 09:04:57 
[82.lo.gg.ed] 
If we make it it will be on a strong defence, taking enough chances and staying free from injuries.
When it comes down to it, we have a lot of fans who won’t let go of teddy.
17th Nov 2024 08:48:53 
[194.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
$6m - Again, that’s a moral cop-out. We will have a new DTB next month.
17th Nov 2024 08:47:29 
[194.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
6MDM. I’m with you. To be honest I have no issue with selling out completely but I don’t trust this board or the unelected finance committee of which we have no oversight to be in charge of a sale.
17th Nov 2024 08:43:49 
[78.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Can somebody remind me of what the RA voting criteria is for these two resolutions to pass? I think I know but want to be sure as in my mind the second vote needs less in favour than the first vote, which seems counterintuitive to me.
17th Nov 2024 08:30:51 
[78.lo.gg.ed] 
Genuinely not sure.
Aa far as I can tell, most people on here are happy with going down to 50% + 1 but are vehemently against it under the current DTB and not a PTST fear of less control. That is a hard message to put out there to the uninitiated as they could wonder at what point would we he happy with a DTB. You either know or you don't. The other resolution, the super RA, is easier to explain as it essentially paralyses us from doing anything in the future, even if our own survival (sell up) or a better opportunity (new ground in Wimbledon itself with better facilities and lower running costs was made available in 50 years time).
17th Nov 2024 08:28:21 
[78.lo.gg.ed] 
About to say goodbye to a very wet and windy Barrow and a long drive southwards.
[Link] ESG will be on the DTB booth on Tuesday night.
17th Nov 2024 08:01:51 
[195.lo.gg.ed] 
“The Election Steering Group. Doing the exact opposite of what we’re here for.”
For me I find it difficult to picture the future for either a yes or no outcome. And unfortunately the people who are supposed to be showing what those pictures look like are doing a terrible job of it and can’t be trusted either way.
17th Nov 2024 07:14:47 
[195.lo.gg.ed] 
I’ll be honest I dunno what to do. It’s blatantly obvious to me that we need to change our ownership structure. But we’re in the grips of some bad people and I don’t particularly want them setting us up to fail again.
cw - re your post at 21.18 least night - Spot on!
17th Nov 2024 04:03:25 
[89.lo.gg.ed] 
Too many blue and yellow tinted specs being worn in here
People who say they won’t vote for 50%+1 because we aren’t ready for it, aren’t ready to vote for it.
17th Nov 2024 01:38:03 
[194.lo.gg.ed] 
PTSD bedwetting types
One last thing. I'm behind protection of the stadium etc but who knows what the future will bring for future generations? No to super restricted actions, 75% is sufficient.
17th Nov 2024 00:48:40 
[81.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
I know it's late but here's my take. There's no buyers waiting in the wings. Who would buy as there's no return? Only someone altruistic like Nick Robertson or a supporter who has shedloads of cash or a sudden windfall would invest. If we release now a chancer could come on board and force detrimental votes in collusion with others. We don't need the money immediately, bond repayments are covered next year. Once those shares are gone, they can't be sold again. If the shit really hits the fan, we'll have no more shares to sell. 50+1 gives no protection in company law.
17th Nov 2024 00:43:46 
[81.lo.gg.ed] 
And selling further down means repayment of all bonds as per conditions. Abstain or vote no.
Abstension was the correct approach to prevent the Resolution passing at the first attempt and I think through panic it will be missed. The NO percentage is higher next time, but there has been no concerted NO campaign this time.
16th Nov 2024 23:40:53 
[86.lo.gg.ed] 
scotty
Ex www.wup.me.uk - The home of WU
There is of course a way to beat this with a NO vote and that is for all the deliberate abstainers to vote NO next time and to put out the other side of the argument to those (particularly new DTB members) who are voting as instructed. I'm against 50+1 currently as I think we are going to get it's usage wrong. As somebody who would certainly consider selling up entirely, I'm not as concerned about the risk of 50+1, I just feel we will end-up selling too cheaply whilst we fail to control annual operating losses.
16th Nov 2024 23:38:46 
[86.lo.gg.ed] 
scotty
It's like seelling a house today. It will be worth far more in even ten years time.
Sticking to my personal opinion. The PLC and DTB have played a blinder over the last year and they are about to surpass it. The most likely way 50+1 succeeds is the votes of those against. I've been saying don't blink. I'm not. I suspect the threshold will narrowly creep through because too many taking the Abstain approach will panic and vote No. I think the NO vote will be low simply as most voters are following the recommendation. I said earlier in the week that there are going to be some very upset people who feel the DTB have misled them on the voting.
16th Nov 2024 23:31:47 
[86.lo.gg.ed] 
scotty
I reckon most delaying voting are in the want to Abstain camp. There will be many who have voted; against the Super RA and abstain on 50+1, so I doubt there are over 3,000 votes already anyway.
Aideen is right, vote to abstain on the first vote then vote your choice on the second, mine will be no. Abstain might be the thing because, there's lots of people who have said that they are voting No, which will count towards the threshold of voters, but will still mark down the number of yes votes needed. The second is another bite of getting it cancelled but, only if the first is got through. The fact that the cast votes are open, doesn't sit right, I mean (and this isn't fact) but whose to say that the computer page screen is left open for, say a toilet break and another takes a peek in his absence.
16th Nov 2024 23:28:06 
[87.lo.gg.ed] 
The optics don't sit right when the process, was demonstrably suggested that the split can't be separated from the total votes number. That is cause enough in itself, in my view.
It helps having bergkamp/pigott in the team. Proper intelligent player
16th Nov 2024 23:18:11 
[10.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
For once JJ's subs won us the game. Two subs and within 3 minutes, 2 goals and the game was all but won. Not so much the change in personnel, but the change in formation.
16th Nov 2024 23:02:06 
[86.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
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