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Post by spoonsie on Feb 17, 2018 9:47:15 GMT
At the game on Thursday I overheard two fellas chatting about the likelihood of us being subject to some sort of financial bond next season.
Anyone know what that means in detail? One mentioned £125k had to be paid to the league before we play any fixtures to guarantee we would complete the season.
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Post by eyeswideopen on Feb 17, 2018 9:49:56 GMT
It's the same every season I think, all came about by our demise last time sadly.
Pretty sure that this seasons bond will just be transferred onto next, although I could be wrong.
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Post by iandychesterfc on Feb 17, 2018 9:51:15 GMT
Can’t see it. Financial issues have come from budgeting problem not long-standing financial problem
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Post by spoonsie on Feb 17, 2018 12:30:47 GMT
It's the same every season I think, all came about by our demise last time sadly. Pretty sure that this seasons bond will just be transferred onto next, although I could be wrong. I wasn’t aware that we paid a bond each year, is that budgeted for? |
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Post by Deleted on Feb 17, 2018 13:32:55 GMT
Not that Im aware of. Our issue is cashflow, not debt.
As supporters and owners we have worked together to ease our cashflow, and we have structured plans in place to continue to grow our income streams.
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Post by gone4eva on Feb 17, 2018 19:20:35 GMT
I am surprised we have not been asked for one already.
The Board said there were worries if we could see out the season - have we had any confirmation that has changed yet?
If not, the league could ask for a bond at any point.
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Post by spoonsie on Feb 17, 2018 22:57:43 GMT
Was told today at the game......failure to pay any bond requested, could result in at least one relegation, possible expulsion from the national league system and once requested, would have to be paid immediately.
Apparently Us, Hartlepool and two sides from the national league north/south being monitored.
Those are the perils of going public with a financial plight.
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Post by gone4eva on Feb 17, 2018 23:01:12 GMT
Exactly.
Bear in mind relegation is not as simple as moving down a league, it is reapplication etc etc and I should not have to explain that possible mess.
If we get called for a bond it really would mean the actual death of the club. That is why I think we are being spared, as for the shitness of the league, they know what it would mean.
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Post by everhopeful on Feb 17, 2018 23:05:07 GMT
Exactly. Bear in mind relegation is not as simple as moving down a league, it is reapplication etc etc and I should not have to explain that possible mess. If we get called for a bond it really would mean the actual death of the club. That is why I think we are being spared, as for the shitness of the league, they know what it would mean. Managed to get yet another swearword in, then? What's that, 3 in 2 consecutive posts? |
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Post by gone4eva on Feb 17, 2018 23:08:56 GMT
Exactly. Bear in mind relegation is not as simple as moving down a league, it is reapplication etc etc and I should not have to explain that possible mess. If we get called for a bond it really would mean the actual death of the club. That is why I think we are being spared, as for the shitness of the league, they know what it would mean. Managed to get yet another swearword in, then? What's that, 3 in 2 consecutive posts? Oh no, someone said 'shit' when referring to the administration of the league and possible death of the club when those idiots decide if we get lumped with a bond. Well played on getting the important aspects of the post there. Deva Chat modding or future existence of the club, top blue activity right there. Well done. |
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Post by banksy on Feb 17, 2018 23:30:43 GMT
Again, as Mark has already eluded to, there has been no mention of any bond whatsoever.
Let's put that one to bed.
If it turns out in the future that we get told different then I'm sure we'll feed that back to the owners.
Jeff
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Post by gone4eva on Feb 17, 2018 23:41:34 GMT
Have there been conversations with the league over the issues we are in?
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