I agree OI and if Iain, Mark, Ed etc all stand down I'm not sure there'll be a big queue of replacements. Different with Joe and Ivor as they are paid roles but I'm in favour of keeping them both.

Can I ask how come are Andrew Scott Limited not building the stadium. [Link]

I think a number of people will want to quit whatever the outcome. I'm sorry but I don't believe Iain, Mark etc. are desperate to hang on to their unpaid and largely unthanked roles. I disagree with Iain but I'd disagree with him more if he didn't say what he thought was best for the club, it would actually be a dereliction of his responsibilities as chairman.

Looks like Iain McNay was a big supporter of the anonymous 3. I wonder if he’ll fall on his sword if the PLB is a success?

Fascinating DTB minutes of the October [Link] and November [Link] meetings

Thinking about it though, that must in some way just be attached to the stadium, not the club as a whole.

Didn't Rhys Weston end up working for YGT? They turnover £60 million now apparently.

Absolutely no idea. Guess to stop people taking the money then immediately selling the asset they've improved?

Why would the football improvement stadium grant need to be paid back. It was a grant.

Think the football stadium improvement grant people may also have a claim before bond holders.

PLB / Charlie - thanks very much, that's helpful.

Below the secure lender. So whoever the commercial lender is the highest level of debt, then the bondholders.

One question which I imagine has already been asked is on a subject I remember being talked about during one of the meetings. Where will paying the bond back sit in the pecking order of other debts such as bank loans? (i.e Will bond repayment sit last in the queue?)

Nick, Rhys Weston absolutely coated Wally. Perhaps his redemption for his hissy fit should be £30k of bonds.

Any further questions or confidence you would like around our approach to this, drop us an email to ask more and discuss your possible thoughts / investment plans / concerns or try to have a chat with one of us at a game.

KT2 - so there's a couple of things in your post. first up the money for this bond can only be used for the stadium financing, it's ring fenced for that. If for some reason the stadium contract wasn't signed then the money would still be sat in the ring fenced account. That's a pretty unlikely outcome as the more the bond raises (and overall the idea of £3m looks very achievable from here and £5m possible if we all work hard on it) the more the commercial lending will be available at some rate, even if at worst case scenario it ends up being short term and refinanced asap. So there aren't many routes to the bond having your money in and somehow the stadium contract not getting signed. The next point of jeopardy is if the operating companies aren't generating enough to cover the repayments to the Trust for the Trust to pay the redemptions in 5 (or 10) years' time. Our belief is that by getting the stadium built, allowing time to refinance and potentially change structures and look at governance and set-ups we have a longer lead time to mitigate this risk. But as others have said it of necessity remains an unsecured loan so your capital is at risk etc etc.

PR etc yes this is happening. As you can imagine normally this kind of issue would have had time to have all the set-up done and tested and the PR campaign all planned before launch but the timescale simply didn't allow this. Niall and others are running with wider PR and we are working with Cake and others to reach more influencers, press coverage etc. I haven't had as much to do with that owing to the workload of getting the thing started. More to come though for sure. We are still finalising adding details for foreign purchasers and being able to buy in the names of kids / grandkids etc which will help and again ideally would have been in place by the 18th but there just weren't enough hours and resource.

Reading back a bit - KT2 will do a separate response. Red Kite - if you have a future purchase in mind, we totally understand people have timescales and logistical issues around moving money at the savings level - drop us an email to discuss and we can both include a future prediction of a purchase that will miss our initial deadline and bear it in mind. Raynes Parler - good to hear. Overall I think there are quite a few people who "pledged" in advance who will take a little while but we can reasonably assume to be still interested. In answer to the question below yes we did weight answers by confidence etc from survey and that still came to between £3m-£3.5m. Agree we don't have an exact idea of how much of that results but being 3/4 of the way to 1m off only 170 people means there are a lot more people still to come.

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Lol CW.

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I've got some money in funding circle that I have been trying to get out since last August. I'm hoping I'll have a little bit to invest by the end of the month.

You would hope that our commercial team are already talking to businesses around the stadium site and have been for a long time. That would make it easier to sell the bond to them if they are already in contact.

Would hope that they’d see that as punishing us all for the behaviour of a few (and hopefully a few who won’t be at the club for much longer anyway but I don’t wanna go banging that drum again right now.)

I would be surprised if we were to see Vinnie Jones backing the bond campaign as a lot of ex players are pretty upset at the way the club dealt with Wally’s “termination”