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Post by gone4eva on Jan 20, 2018 23:29:20 GMT
Assuming the detail lodged with the companies house version for mutuals does match as approved, the £100k rainy day fund was intact as of May.
In theory if we are facing huge problems that could be the life line. However once it is gone, it is gone.
If that gets touched I think there needs to be resignations.
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Post by Mean Machine on Jan 20, 2018 23:35:39 GMT
If he’s bringing in more than his wage than that means he is worth having for his commercial work. Does it ? £50k wage brings in £51k you are happy. A general rule sometimes used is such people should bring in 3x their wages or even more. In my day to day job I am expected to bring in 8x my pay
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Post by prodigal on Jan 21, 2018 0:38:34 GMT
Think MM and the board have already made decisions; we are in the brown stuff financially, they perceive we will be relegated.
Going forward, we will not have enough money to cobble together a National league budget next season anyhow, we may be able to sustain Van North next season, but only if we start cutting costs now, which means no new players, no costly sackings.
Bignot will stay until the end of the season, then we regroup as a part time club, and pray we can find a manager who can give us results on the pitch at that level, to get the people back through the gates. If we can do that and maybe get a little cup run, we go again, if not we do an Alti and go again from a lower level. I know we are skint, just hope we don't owe anybody any money, or yes...... we are f--ked!
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Post by prodigal on Jan 21, 2018 0:41:58 GMT
At the meeting, need to vote for a suspension of standing orders at the beginning, like the Militants used to do with the Labour party, takes away protection of time constraints etc
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Post by Maravilla on Jan 21, 2018 0:49:12 GMT
Hope you all have read the constitution and methods of motions / quorum from the floor as otherwise it could be a well swerved Q&A and nothing done. If what you infer is true it would be very interesting to get some detail on what the legal responsibilities are of the board etc. Very little legal responsibility as we are set up as an Industrial and Provident Society.
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Post by everhopeful on Jan 21, 2018 5:04:35 GMT
I must admit, I think we need to bin Maguire. He's taking s heavy wage that we simply can't afford regardless of the deals brought in, I don't think he's worth the bucks and we've been heading downhill since he joined us. McCarthy signed shite, Maguire was involved in keeping him, should have both been sacked for me. As did every single club he was with before us! Just look at his track record and realise that pretty soon we'll have no team to support!
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Post by Frank Owen’s Paintbrush on Jan 21, 2018 6:20:08 GMT
I must admit, I think we need to bin Maguire. He's taking s heavy wage that we simply can't afford regardless of the deals brought in, I don't think he's worth the bucks and we've been heading downhill since he joined us. McCarthy signed shite, Maguire was involved in keeping him, should have both been sacked for me. If he’s bringing in more than his wage than that means he is worth having for his commercial work. I personally don't think he is doing that - this needs to be questioned on Thursday and we need cold hard figures, not the middle management waffle we usually get.
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Post by billyw on Jan 21, 2018 7:49:06 GMT
The board need holding to account next week. They certainly do but i wonder how many will actually make the effort to go and ask questions.
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Post by Frank Owen’s Paintbrush on Jan 21, 2018 8:24:38 GMT
The board need holding to account next week. They certainly do but i wonder how many will actually make the effort to go and ask questions. Myself and Al are so there's two.
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Post by billyw on Jan 21, 2018 8:27:04 GMT
I must admit, I think we need to bin Maguire. He's taking s heavy wage that we simply can't afford regardless of the deals brought in, I don't think he's worth the bucks and we've been heading downhill since he joined us. McCarthy signed shite, Maguire was involved in keeping him, should have both been sacked for me. If he’s bringing in more than his wage than that means he is worth having for his commercial work. Not if he's making cock-ups like extending McCarthys contract and appointing Bignot - his decisions and rubber stamped by the Board. As a commercial manager I have no problem with him but does not warrant his salary as a Chief Executive.
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Post by bb93 on Jan 21, 2018 8:30:48 GMT
If he’s bringing in more than his wage than that means he is worth having for his commercial work. Not if he's making cock-ups like extending McCarthys contract and appointing Bignot - his decisions and rubber stamped by the Board. As a commercial manager I have no problem with him but does not warrant his salary as a Chief Executive. Hindsight is a wonderful thing but more fans voted for Bignot than any other manager on numerous polls on here and on twitter and I didn’t see much complaining when McCarthy’s contract was extended. Are you expecting him to have some kind of crystal ball?
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Post by billyw on Jan 21, 2018 8:35:41 GMT
Not if he's making cock-ups like extending McCarthys contract and appointing Bignot - his decisions and rubber stamped by the Board. As a commercial manager I have no problem with him but does not warrant his salary as a Chief Executive. Hindsight is a wonderful thing but more fans voted for Bignot than any other manager on numerous polls on here and on twitter and I didn’t see much complaining when McCarthy’s contract was extended. Are you expecting him to have some kind of crystal ball? It didn't need a crystal ball to see that McCarthy was fecking useless and should have been sacked at the end of last season which would have avoided duff signings on 2 year contracts.
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Post by Harry Lime on Jan 21, 2018 9:08:44 GMT
If the meeting on Thursday is as important as some claim, surely the Board should be advising the Membership beforehand to request as many attend as possible.
People will be even more pi##ed off if the future of the club is decided by 30 or 40 people.
For what it's worth Al probably isn't far off with his claims. If the rainy day fund has gone by the end of this season, then technically we could be bankrupt by the end of the summer.
Let's hope there are 'get out' clauses in those contracts. To have none could be deemed irresponsible and against the rules of the co-operative (?)
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Post by gezzer on Jan 21, 2018 10:00:48 GMT
The writing has been on the wall for a while, I am not a rocket scientist but I do have an O Level in woodwork and have warned about this scenario on a few threads over the last couple of months (although didn't expect it this season). Longer term contracts, falling crowds, paying off failed managers, lack of fundraising, financial mismanagement. Regarding clauses in contracts, wonder if this is the real reason behind the "injuries" that we have had, spread over the season rather than drop half of the team when we reach 30 games?
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Post by iandychesterfc on Jan 21, 2018 10:12:29 GMT
Just get yourself there. Simple maths 5-600 attendees under budget, will drop lower as we plummet to 1300 Tuesday. Rainy day fund gone as someone has said - players need releasing ASAP to save the club from admin
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Post by Frank Owen’s Paintbrush on Jan 21, 2018 10:13:45 GMT
The writing has been on the wall for a while, I am not a rocket scientist but I do have an O Level in woodwork and have warned about this scenario on a few threads over the last couple of months (although didn't expect it this season). Longer term contracts, falling crowds, paying off failed managers, lack of fundraising, financial mismanagement. Regarding clauses in contracts, wonder if this is the real reason behind the "injuries" that we have had, spread over the season rather than drop half of the team when we reach 30 games? Apparently it's just McCombe and Halls with that clause.
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Post by Matt on Jan 21, 2018 10:17:52 GMT
Just get yourself there. Simple maths 5-600 attendees under budget, will drop lower as we plummet to 1300 Tuesday. Rainy day fund gone as someone has said - players need releasing ASAP to save the club from admin It can’t be that bad surely?
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Post by devaboyreturns on Jan 21, 2018 10:20:27 GMT
The writing has been on the wall for a while, I am not a rocket scientist but I do have an O Level in woodwork and have warned about this scenario on a few threads over the last couple of months (although didn't expect it this season). Longer term contracts, falling crowds, paying off failed managers, lack of fundraising, financial mismanagement. Regarding clauses in contracts, wonder if this is the real reason behind the "injuries" that we have had, spread over the season rather than drop half of the team when we reach 30 games? Apparently it's just McCombe and Halls with that clause. If they have that clause. We need to stop playing them immediately. Simply cannot afford to keep either of these players on the books in the Conference North. It's not as if they add anything as well at the end of the day!!!
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Post by iandychesterfc on Jan 21, 2018 10:27:02 GMT
Just get yourself there. Simple maths 5-600 attendees under budget, will drop lower as we plummet to 1300 Tuesday. Rainy day fund gone as someone has said - players need releasing ASAP to save the club from admin It can’t be that bad surely? It depends how low the attendances go, however, for the future of the club there needs to be a cull of the high earners
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Post by tarvinblue on Jan 21, 2018 10:31:37 GMT
The question has to be, how has it reached this point and who is responsible? We all have our own theories but that piece of work needs to be done to ensure this situation never happens again. Maybe it's just what we needed. This kind of situation might rally people into action and remove some of the apathy that surrounds the club. How we have reached this point, having had a record budget to spend, is however the key question. There has to be accountability.
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Post by gezzer on Jan 21, 2018 10:50:17 GMT
The question has to be, how has it reached this point and who is responsible? We all have our own theories but that piece of work needs to be done to ensure this situation never happens again. Maybe it's just what we needed. This kind of situation might rally people into action and remove some of the apathy that surrounds the club. How we have reached this point, having had a record budget to spend, is however the key question. There has to be accountability. And there in lies the problem. NWAS (I think) outlined the lines of accountability on a thread once and it appeared to be broken at every level. This isn't about one person to point the finger at, its about accepting that there have been mistakes (which no one seems to want to hold their hands up to) and re-establishing a structure that is workable and clear to all right away. And why? does everything have to take so long to sort out with this club. When the shit hits the fan at my work, all stakeholders are called together right away and the problem worked on to be resolved at the earliest opportunity. (unless it is perceived that there is no problem?)
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Post by iandychesterfc on Jan 21, 2018 10:50:56 GMT
Attendances go back to the fact we drove people away with price hikes “to compete”.
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Post by trev on Jan 21, 2018 11:03:33 GMT
The question has to be, how has it reached this point and who is responsible? We all have our own theories but that piece of work needs to be done to ensure this situation never happens again. Maybe it's just what we needed. This kind of situation might rally people into action and remove some of the apathy that surrounds the club. How we have reached this point, having had a record budget to spend, is however the key question. There has to be accountability. Completely agree. But there is total silence form the Club Board, although I did spot Neil bellis handing out the xmas raffle prize. Yet again all sorts of rumours swirling around the Club from reliable sources ranging from finances to alleged treatment of players . The potential issues concerning trigger clauses for certain player contracts is the final insult and smacks of total incompetence. What were the agreed actions of the “wider" broad meeting the other day? Are others, such as Simon Ollerenshaw coming back on board to steady the ship ? Every impression is being given that we are now heading out of an utter shambles and into a full blown financial crisis of the Boards own making. Yet as a fan/CFU member I have absolutely no idea who is either responsible or should be held accountable for the mess we currently are in.
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Post by billyw on Jan 22, 2018 13:56:56 GMT
Venue: Blues Bar Start time: 19:30hrs Quite simply the most important meeting we've had since the Guildhall Meeting. What happens on Thursday will determine the future direction of the club, or whether we have a club at all in 12 months time. Be there, the future of this club depends on each and everyone of us Bump IF YOU CARE - BE THERE.
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Post by Frank Owen’s Paintbrush on Jan 22, 2018 20:46:25 GMT
Here's hoping that, firstly, the meeting isn't called off at the 11th hour (there's previous for that) and, secondly, there is no filibustering.
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Post by Cestrian1987 on Jan 22, 2018 21:31:57 GMT
I’ve joined the CFU tonight. I’ve screenshotted on my phone. Will this suffice on Thursday?
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Post by Deva Chanter on Jan 23, 2018 1:03:50 GMT
I’ve joined the CFU tonight. I’ve screenshotted on my phone. Will this suffice on Thursday? Shouldn't be any problems at all as they allow non-members to sign up on the night. In reality, you are only asked to put your name on a sheet of paper anyway - as far as I know there is no formal checking of membership credentials.
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Post by Cestrian1987 on Jan 23, 2018 6:06:43 GMT
I’ve joined the CFU tonight. I’ve screenshotted on my phone. Will this suffice on Thursday? Shouldn't be any problems at all as they allow non-members to sign up on the night. In reality, you are only asked to put your name on a sheet of paper anyway - as far as I know there is no formal checking of membership credentials. Ok thanks for reply
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Post by Lobster on Jan 23, 2018 8:00:51 GMT
Perhaps it would be an idea for everybody to go to the meeting with at least one or two questions in mind. What is it you really hope to have a clear understanding of by the end of the meeting? You might not have the time or courage to ask them, or somebody else might beat you to it, but if everyone carefully considers what they want from the meeting, it might help establish its direction.
If you go to a job interview, you're advised to have a couple of questions ready to ask, and not just questions for questions' sake like "what time's dinner break?" Questions should improve our wider understanding of the situation, and should be challenging without being hostile or intimidating.
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Post by Al on Jan 23, 2018 8:23:26 GMT
Perhaps it would be an idea for everybody to go to the meeting with at least one or two questions in mind. What is it you really hope to have a clear understanding of by the end of the meeting? You might not have the time or courage to ask them, or somebody else might beat you to it, but if everyone carefully considers what they want from the meeting, it might help establish its direction. If you go to a job interview, you're advised to have a couple of questions ready to ask, and not just questions for questions' sake like "what time's dinner break?" Questions should improve our wider understanding of the situation, and should be challenging without being hostile or intimidating. I feel the majority of the questions I sent onto the club are no longer fit for purpose given what we now know. There are numerous questions regards the financials, commercial revenues, etc that need to be answered. It also needs full transparency (the cold hard facts and figures) no buzzword bingo from our CEO or board please. If they start buzzwording then we all need to drag them up on it and press for the full details however gory they may be.
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