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 £650k!

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 £600k - so £650k 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 £3 million in a bond issuance. The £1.7 million was cautious budget against the £3 million

Clearly this statement is totally wrong : "the Club budgeted cautiously for £1.7 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.

Airsy, think that's all part of a grand plan to "gentrify" football" since the hooligan days of the 1970s.

Rather a desperate-sounding update on the PLB- it’s clear that the amount raised is stuck at less than £0.7m, which is a more than £1m shortfall compared with an always-unrealistic budgeted amount of £1.7m. Sadly, I don’t think that email appeals are going to make much difference, as the rate on offer is no longer attractive as a rational investment, given the heightened risk of default and administration, and the recent events around DT elections means that the whole “ we own our club” idealism has largely died.

I get where you’re coming from DO I’d like nothing more than to play two big brutes up front and knock the ball into them relentlessly with smaller, nippier midfielders there to pick up the spoils - especially in L1 & L2 where defenders rarely get clean contact on crosses and high balls. Sadly CW is right and the game has pretty much ruled out that style of play with the terminally dull possession obsession. Plus the PGMOL would have a field day with us for playing football as if it were a contact sport.

OTD shows how mad football is nowadays - 30p is the equivalent of £4.71 today

Come on you club owning lovers,get you wallet and purse out, the club needs your bond money,.650k so far,no near the budget set

DO- that was over 40 years ago times have changed