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Post by hackett on Feb 1, 2018 3:18:28 GMT
Not over just yet but looking more than likely the target we needed to raise will be broken, what could we do with any excess money? Obviously the 'rainy day fund' needs replenishing but are there any outgoings we could safely pay off? JMc for example, is money owed been paid yet? Are there any other outgoings which are inatallments? If so maybe it would be worth loking at getting them settled sooner rather than later.
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Post by billyw on Feb 1, 2018 7:23:20 GMT
Not over just yet but looking more than likely the target we needed to raise will be broken, what could we do with any excess money? Obviously the 'rainy day fund' needs replenishing but are there any outgoings we could safely pay off? JMc for example, is money owed been paid yet? Are there any other outgoings which are inatallments? If so maybe it would be worth loking at getting them settled sooner rather than later. Let's not forget that the £50k target is only for immediate use. We need a damn sight more than that to keep us going the next few months.
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Post by Frank Owen’s Paintbrush on Feb 1, 2018 7:28:58 GMT
Indeed, £50k is only the urgent emergency here and now. I've said it twice elsewhere so I won't copy and paste but as a fan-owned club we should be doing this sort of fundraising for the rest of our days in order to build and continue to expand the infrastructure of the club for the next 1,000 years and beyond.
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Post by cfcforme on Feb 1, 2018 14:38:24 GMT
Clearly we need this £50k, but my concern was that we get to that point, everyone breathes a huge sigh of relief and we all sit back and forget about our worries.... I hope that isn't the case because we need to replenish the rainy day fund ASAP - some of that would also be needed to ease cashflow for next season where we may incur costs over the summer but not have much income to pay those costs with....
On the subject of cashflow for the summer, hopefully some of the working groups are already thinking about launching season tickets / organising kit to get it on sale early etc.... appreciate we don't know for certain what league we'll be in but doesn't mean we can't start planning for both options.
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