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Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Tue Jan 19, 2010 2:45 pm

Forever Blue wrote:Hopefully Keith/TLG/Corky will agree with me on this.

We need £1.2 million a month for wages for the next 5 months.
We need approx £450,00 to pay Langston for the next 5 months.
We need £2.7 million to pay Tax Man.
Plus many many outstanding bills including mine( :lol: ) need to be paid.
Plus another inland Revenue Bill due soon.
This is what we need to survive This Season, ANY OPINIONS WHERE THE MONEY WILL COME FROM.

I know Borley and PMG will LEND US THE INLAND REVENUE BILL, but rem its a loan.

Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Tue Jan 19, 2010 2:46 pm

and a loan is still a debt :( robbing peter to pay paul :(

Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Tue Jan 19, 2010 4:59 pm

rob wrote:and a loan is still a debt :( robbing peter to pay paul :(


Peter robin to pay Peter

Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Thu Jan 21, 2010 6:25 pm

Forever Blue wrote:Hopefully Keith/TLG/Corky will agree with me on this.

We need £1.2 million a month for wages for the next 5 months.
We need approx £450,00 to pay Langston for the next 5 months.
We need £2.7 million to pay Tax Man.
Plus many many outstanding bills including mine( :lol: ) need to be paid.
Plus another inland Revenue Bill due soon.
This is what we need to survive This Season, ANY OPINIONS WHERE THE MONEY WILL COME FROM.

I know Borley and PMG will LEND US THE INLAND REVENUE BILL, but rem its a loan.

Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Thu Jan 21, 2010 6:26 pm

Forever Blue wrote:Hopefully Keith/TLG/Corky will agree with me on this.

We need £1.2 million a month for wages for the next 5 months.
We need approx £450,00 to pay Langston for the next 5 months.
We need £2.7 million to pay Tax Man.
Plus many many outstanding bills including mine( :lol: ) need to be paid.
Plus another inland Revenue Bill due soon.
This is what we need to survive This Season, ANY OPINIONS WHERE THE MONEY WILL COME FROM.

I know Borley and PMG will LEND US THE INLAND REVENUE BILL, but rem its a loan.


IN FEBRUARY 2010.

Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Thu Jan 21, 2010 7:18 pm

why not just shut it down now,this is starting to get on my tits.
why didn't the club keep the 5 million in the bank it got for johnson.
after all all we got was Hudson,Marshall & Quinn when we already had Gabor, Adam and elkes..
They must have seen this coming

Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Thu Jan 21, 2010 7:56 pm

Forever Blue wrote:Hopefully Keith/TLG/Corky will agree with me on this.

We need £1.2 million a month for wages for the next 5 months.
We need approx £450,00 to pay Langston for the next 5 months.
We need £2.7 million to pay Tax Man.
Plus many many outstanding bills including mine( :lol: ) need to be paid.
Plus another inland Revenue Bill due soon.
This is what we need to survive This Season, ANY OPINIONS WHERE THE MONEY WILL COME FROM.

I know Borley and PMG will LEND US THE INLAND REVENUE BILL, but rem its a loan.


Short term, I have no idea. Longer term, most or all of the money to settle these items will probably have to come from the fans one way or another. The sooner everyone wakes up to this economic reality the better. Using future income in the way the Club appears to be doing is a gamble too far in my book, even if promotion happens. In addition, with so many other clubs increasingly strapped for cash, the usual lifeline of player sales looks far less certain. Piling on the debt just makes matters worse longer term. The fact that directors are loaning the Club monies in this way normally indicates that a business is no longer bankable and/or that the additional loans are likely to be on comparatively costly terms.

Given that the fans are the main source of the Club's income, I find the the lack of transparency pretty poor for this day and age. Even some law and audit firms share more financial information with their clients these days. A well-supported trust incorporating strong financial and legal skills must now be part of our future if fans' interests are to be properly represented. We need one voice and ALL fans should get behind it.

Join the CCST I say!

Re: AT LEAST £9.2 Million NEEDED TO JUST SAVE THIS SEASON

Thu Jan 21, 2010 11:03 pm

Uccello Azzurro wrote:
Forever Blue wrote:Hopefully Keith/TLG/Corky will agree with me on this.

We need £1.2 million a month for wages for the next 5 months.
We need approx £450,00 to pay Langston for the next 5 months.
We need £2.7 million to pay Tax Man.
Plus many many outstanding bills including mine( :lol: ) need to be paid.
Plus another inland Revenue Bill due soon.
This is what we need to survive This Season, ANY OPINIONS WHERE THE MONEY WILL COME FROM.

I know Borley and PMG will LEND US THE INLAND REVENUE BILL, but rem its a loan.


Short term, I have no idea. Longer term, most or all of the money to settle these items will probably have to come from the fans one way or another. The sooner everyone wakes up to this economic reality the better. Using future income in the way the Club appears to be doing is a gamble too far in my book, even if promotion happens. In addition, with so many other clubs increasingly strapped for cash, the usual lifeline of player sales looks far less certain. Piling on the debt just makes matters worse longer term. The fact that directors are loaning the Club monies in this way normally indicates that a business is no longer bankable and/or that the additional loans are likely to be on comparatively costly terms.

Given that the fans are the main source of the Club's income, I find the the lack of transparency pretty poor for this day and age. Even some law and audit firms share more financial information with their clients these days. A well-supported trust incorporating strong financial and legal skills must now be part of our future if fans' interests are to be properly represented. We need one voice and ALL fans should get behind it.

Join the CCST I say!


Thats the prob, PR gambles with our future.