To use a term from professional wrestling, we have a bunch of marks running things right now

Looking at your link, Trigger, and thinking, oh look, something AFCW related I can vote on, even though I lost all confidence in that bunch of (insert your own word here) many years ago and let my DT membership lapse. After due consideration, nah, can't bring myself to vote for them.

Joe Bursik became last night the 474th player to play for AFCW in a league game

When Martin was on here he mentioned that the bond redemption would be about ÂŁ2m and i said that the DTb were being optimistic if they thought those cashing in would be at the same rate as earlier redemptions, based on strong likelihood that this phase would contain a much larger proportion of non supporters just looking for a return

[Link] Yeah probably gonna think about this one a while actually. (The timing is irony right?)

Zero accountability. I reckon that the current chair will step up onto the PLCB rather than risk not being elected. So it’ll go the other way from someone assuming responsibility.

The question then arises over who is going to resign or not stand for election if we have got the finances so seriously wrong?

We got the junior money and the missing 400k to come,should get us over the line

Agreed and it’s symptomatic of the failure of leadership we have across the boards that there is no one there willing or able to ask “is that right?” in order to stop the procession of bad decisions.

Does a treasurer 'control' the finances? I'd rather hope the board and CEO/MD control the finances, otherwise we are in worse trouble than I thought. Clearly the Treasurer/CFO has significant influence and indeed there are potential conflicts of interest. I don't know who said we would get 57% of what was stated by the respondents but it is the fault of those people not the membership.

They’re there to get it right though Timmy - particular when it comes to clubs finances where one person* controls both club and trust finances. That person should not be hoping members accept that this was a good learning opportunity for future survey-based budgeting. That person was elevated from DTB to PLCB based largely on their financial expertise. As ever with us there will not be accountability there will be fake platitudes and whataboutery. It’s about time someone got something right first time.

The first begging session made 300K, subsequent ones will get less so 1 million is almost certainly the limit. So there is a 700K gap even being optimistic. I also wonder what effect this sort of begging is having on the potential investors. I'd be demanding more and more safeguards to cover my investment.

So it’s the fault of the fans that we are in financial difficulty, rather than those who get well paid to find outside sponsors and investors…. Isn’t that the very definition of gaslighting…?

Opinion polls in December 1981 had Liberal-SDP alliance at 51% in the polls. Six months later in the General Election they polled almost exactly half of that. David Steel may have been prepared for Government, but DTB were not prepared for ÂŁ650k!

They use the words 'pledge' and 'commitment' whereas in fact it was an indication of possibility. Would normally expect more like 10% to firm up, though as preaching to the converted, maybe double that - 20% - ie ÂŁ600k - so ÂŁ650k a good out-turn!

The DTB have shown to be as financially prudent as Rachel from Accounts.

I'm sure with hindsight they won't trust member surveys moving forwards

It clearly wasn’t cautious because the reality is we’re at less than 50% of that.

OI. Members said they would invest ÂŁ3 million in a bond issuance. The ÂŁ1.7 million was cautious budget against the ÂŁ3 million

Clearly this statement is totally wrong : "the Club budgeted cautiously for ÂŁ1.7 million in bond sales". No you didn't budget cautiously, you made a wild guess.

[Link] The tone of this is just classic for the state out of leadership at the moment. “We’re doing a great job and the problem here is everything else other than us, including you. You said you’d raise £3m so we budgeted cautiously for £1.7m and now we’re in trouble because of you.”

Didn't MK win L2? Oh see what ypu mean!

Trig/CW - that is how Woodman won L2 last season (something we've not done since 1983) playing long passes (rather than long balls) and it worked really well. Sadly this season he does not have the squad that can do this at the higher L1 level. We could do so if we add a Stockley#2 to the squad - rest of the squad could hack it, I'm sure.

I’m actually surprised we have got as much as we have

The risk attached with the new bonds is much much higher than the halycon days for fan-owned clubs of five+ years ago.