Today Tomorrow Tue 17 Wed 18 Thu 19 Fri 20 Sat 21






Tranmere Rovers v AFCW (FL1) k.o 15:00
Next WUP not due out for Boxing Day. Contributions wanted.
Enter e-mail and Tag To Login
Paper's Crowd Count
Last 5 minutes : 28
Last 24 hours : 4553
Refresh Clear Form
   
You are on page 5. Click the red cross to clear.
 The decision to go with crowdfunding rather than bonds had effectively been made before I got elected to the board. With hindsight, I should have challenged it more. But don't forget the original thinking was that the crowdfunding would fund "nice to have" extras rather than be part of the main financing, which would have considerably altered its "character".
15th Dec 2019 16:02:01 
[77.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Sounds like we decided to go with Seedrs donations and risk a smaller amount of fundraising instead of bonds because we put all our eggs in the big-hitter basket to bail us out.
15th Dec 2019 15:58:05 
[86.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Trebor thanks like I say I overheard not told hence saying I don’t know.
15th Dec 2019 15:55:38 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Silk: I'm not a finance person, let alone a finance lawyer, but I believe all the public Seedrs statements were run past lawyers before being released – that was part of what caused all the delays in communication at that point.
15th Dec 2019 15:49:15 
[77.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Trying to get the sequence right in my head, but from memory we were already talking to rich dudes who we hoped would underpin the crowdfunding (which we knew would be coming along) before Ed Leek was co-opted to the board. Even if I've got that sequence wrong, it definitely wasn't him who "introduced" them.
15th Dec 2019 15:45:24 
[77.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Pete, time line of events were that when we were going with Seedrs, we started conversations with some seriously wealthy individuals. The idea was that we might persuade them to put in large sums in to the crowdfunding. Some were introduced to us, others were met from the initial introductions. Several meetings were had with some board members (members of different boards). The intention was that they would put in to Seedrs. When they didn't and when the final Seedrs total was known, we then had a final figure for the stadium build and knew at that point what we needed to borrow. It is fair to say, borrowing that amount as a football club hasn't been easy. There was a time where some genuinely thought the Seedrs raise would get 4-5m. During this time, we also kept thinking offers of finance were imminent so weren't too concerned. When the picture became clearer (Seedrs closed, we knew how much we raised, added together with fixed price contract, and then lack of forthcoming funding) we went to the membership. Of course, there is a big argument to say that our fans didn't understand the importance of the Seedrs message and that the boards weren't explicit enough about how much we needed and how many problems we might have but I genuinely believe some of these issues came after Seedrs shut (and the fans were informed within 6 or 7 or so weeks from the Seedrs end date?)
15th Dec 2019 15:44:02 
[86.lo.gg.ed] 
Fat lady hasn't sung yet. All options are still very much on the table and I thank those who remain positive that other solutions can be found.
 Silk big difference though isn’t it between professional business people who get involved in football clubs and professional football club people.
15th Dec 2019 15:42:16 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Trebor - wasn't the club legally obliged to disclose the potential funding problems/shortfall/increased costs when launching a share issue to the general public?
15th Dec 2019 15:40:16 
[82.lo.gg.ed] 
I still worry the club could be exposed to legal action if someone took exception to this.
 Wasn't Leeds United run by professional people like Risdale? Aren't all Championship clubs run by professional people and are all running huge debts which could end them. Some are even selling their stadiums to third parties to cover these debts? Don't get this wankfest over professional people who seem just as amateur.
15th Dec 2019 15:37:32 
[82.lo.gg.ed] 
Remind me - what happened to them under his watch?
 It wasn't an issue until the combination of the crowdfunding not raising as much as hoped (largely because these wannabe investors didn't take part in it) and us not (yet) securing a loan. Communicating before then was always going to be extremely tricky. Yes, costs were going up, but it wasn't until the summer that we received the final quote from Bucks and were able to launch the crowdfunding and go for the loan. So there was a plan there to try and meet the shortfall that we had at that point, but it didn't work. If we'd shouted about it too much too soon, the risk is that the likelihood of securing a loan would have gone down. Even talking about it now, the risk is that the chances of securing a loan have gone down. It's a question of balancing risks. With the failure to raise as much via the crowdfunding and the lack of progress on a loan, it got to the stage where the risk of saying nothing outweighed the risk of being honest. But be sure, the fact that we're having this conversation in public now has probably negatively affected our ability to secure a loan to some extent.
15th Dec 2019 15:37:15 
[77.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Would love the EPL/EFL to be run on the Bundesliga terms. I think, from what I heard, that the German FA will help clubs financially in stadium building/maintaining. I think the clubs themselves are expected to run themselves responsibly and not have extortionate ticket prices.
15th Dec 2019 15:34:37 
[82.lo.gg.ed] 
I still do not understand with all the money coming into the game there is not a fund to allow clubs to loan money cheaper to build their stadia. The Premier League doesn't need all the money and could share it a bit more evenly.
 This is the thing. We need to get the full bill paid without a loan so that we could them employ people with professional football club experience - like Palmer - to run it.
15th Dec 2019 15:34:05 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Investors won't guarantee the club will be run professionally. I think we all have to look at ourselves for this. Most have just complacently thought it was in safe hands and didn't do any digging ourselves.
15th Dec 2019 15:30:05 
[82.lo.gg.ed] 
We trusted
 Forensic inquest needed but a solution needed first.
15th Dec 2019 15:25:11 
[86.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 We always seem to be kept in the dark,unless there is a leak😂might as well get the investors in and run a more professional club,rather than the current bostick level
15th Dec 2019 15:24:39 
[10.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Pete difficult to say but from what I overheard their info is coming out from that person. So it seems (some?) members of the boards were discussing with people they know but not with the general membership.
15th Dec 2019 15:16:33 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 The highlight of the match suggested that a handball in the lead up to the second would be looked at first for Donny penalty 👀
15th Dec 2019 15:10:57 
[87.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Lurker - Not interested in rumours. Why weren't we kept informed by the club? Some kind of secret society logic going on, or feels like it sometimes.
15th Dec 2019 15:10:22 
[176.lo.gg.ed] 
dragons to slay. got to go
 Oh and apparently Ed Leech is the one who found these investors (as much as I know).
15th Dec 2019 15:10:15 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 I’d over heard someone at games saying we were struggling a while back (tail end last season?) but put it down to speculation since we kept being told it was all under control. Turns out it wasn’t. I don’t know them so nothing to go on.
15th Dec 2019 15:06:08 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 The investors were being spoken to lump money into Seedrs
15th Dec 2019 15:01:57 
[109.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Think VARs would of ruled out our 2nd goal yesterday,Forss arm out push on the defender to gain advantage
15th Dec 2019 14:57:36 
[10.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Alan - I too have the greatest respect for Trebor. Probably one of the most level headed posters on here. The thing is though, that £11m shortfall didn't happen instantly, and you say investors were being spoken to beforehand. Well, that just backs up what I thought. Nothing was said to us plebs about them or the out of control costs for NPL until a minute short of midnight. Why not?
15th Dec 2019 14:39:08 
[176.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 If you like good football documentaries then Copa 90 have just released one on You Tube about the Berlin derby between Hertha and Union. What was more interesting than the game was the fact that they spent the first half hour going through the history of Berlin and the the football clubs in Berlin.
15th Dec 2019 14:29:30 
[82.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
 Alan if one of the main “culprits” was someone with a huge amount of support and goodwill in fan base or more vocal fan base, which they seem to have been, I doubt if that will ever happen.
15th Dec 2019 14:25:45 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU