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Disco Duck

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Posts posted by Disco Duck

  1. 18 minutes ago, Beckford said:

    I WIll ill be going out of duty rather than faith tomorrow. I can see that from one point of view, the expected turnout from us is poor and as fans you should never give up until its officially over. However, It would be unfair of anyone to judge any fellow accies fan not attending tomorrow for the various reasons highlighted above.

    To have any chance tomorrow, we will need to see the grit and fight that we have looked for in vain so often this season. I have applauded much of what the new owner has been trying to do this season, but the comments regarding our fans this week was misguided at best, particularly due to the aforementioned track record the club has for slagging of its supporters. Of course the board should protect their manager, but they must also recognise what he and the players can do to appease and encourage the support. There may not be many of us but we are bloody loyal considering what it's like to follow a club like ours. (As I'm sure fans of a lot of "scotlands "we diddy clubs"will agree

    As YOH highlighted, its those who have organised busses that have been most affected by fans choosing not to attend. Maybe it would be a good idea for someone from the club could reach out to these buses and build some bridges? 

    God that all sounds so familiar.  It’ll pass, but don’t stop going to home games - lack of gate receipts won’t help.

  2. 26 minutes ago, Ye Olde Hamiltonian said:

    Five buses still going and many folk like myself wait till the day to see if PATG is an option.

    Sadly Zengin’s comments against the fans the other day have put folk off.

    I had booked a seat on one of the buses  for a guy coming down from Aberdeen,but due to the aforementioned,he is not coming down and that is one example of many.

    The real issue here again is folk are angry at a Board/Manager having a go at fans and are saying Foxtrot Oscar as this has been going on for 15+ years and despite a new Football Club Owner, they have reverted to type.

    The same thing happened just before The Airdrie games last season under the old Board.

    I don’t think there is a Football Club in Scotland which has consistently had Club Officials disparaging supporters so often and all the add ones: no highlights of games, a joke of a Club Shop,Club Officials arguing or laughing at fans  etc etc.

    I’ll be there expecting a performance after the last 2 disastrous months.

    Whether that is good enough time will tell but there is a feeling of “Meet The New Board,same as the old Board” in that they revert to type and blame supporters for their failings.

     

     

    That’s a statement not a question.

  3. 7 minutes ago, Bairney The Dinosaur said:

    It had always been my understanding as well that once the shareholding was secured that FSS turned to a contribution model. I think it's quite clear though that this wasn't well communicated as you're not the first to raise it as an issue. I wasn't on the Committee at the point of the Fans Bank initiative, but I think it's fair to say that (as fantastic as it was/is) this accelerated everything and started to raise issues that would otherwise have been ironed out in the 4/5 years it would have taken to slowly accure the shareholding. 

    The issue itself around shares is quite a complicated one. FSS has always been considered as part of the 3 legged stool, therefore to be continually issuing shares would risk the balance of the model. I get the point that all other shareholders would have access to any issued shares, but something about it just doesn't quite feel right. I much prefer the suggestion that FSS seeks a mechanism for which it can purchase it's ringfenced shareholding quickly in the event of a future share issue...much like an individual large shareholder would do. There are more mechanisms (many many more) than just the loan option available to be explored and that is a piece of work ongoing at the moment.

    I think everybody is looking for the same outcome for the FSS - that is a fans organisations with a shareholding that ensures that the big decisions have the supporters backing, a vehicle for which fans voice can be gathered and amplified, and the chance to help fund the Club to a stronger position. It's just that there are varying directions to get to that end point. Bumps in the road sure, but I think everything is on the right track. 

    I can’t argue with any of your first or third para - and absolutely agree with the aims.  And I’m glad that read that alternative mechanisms are being examined.

    I really don’t like the response of “doesn’t quite feel right” though!  Anyway, I’ve made my point enough, I got repetitive about 14 posts ago.

  4. 4 minutes ago, LatapyBairn. said:

    I doubt anybody who has bought shares in Falkirk would care much regarding a share issue diluting a shareholding

    IMO its a bad idea

    1st point - good, then issue shares to FSS in return for their money if they won’t care.

    2nd point - why?  You’ve said that this is a bad idea a few times but never given a reason for it.

  5. 18 minutes ago, grumpyoldman said:

    Don’t see any of the other legs of the stool donating money on a monthly basis. 
    Said it before the current monies being donated by FSS should have been a loan against future shares

    This.  And unless there is the threat of being diluted, they won’t put anything in.

    I like the loan idea.  Interest could be rolled up.

  6. Just now, LatapyBairn. said:

    Raise it with the FSS then, I’m sure if there’s an appetite for it that is voiced by enough members it’ll be looked however I reckon most are very happy with how things are at present and IMO your suggestion does not make sense and would not be good for the club. I was always of the belief when the target shareholding was met my contributions would simply go towards running and helping the club and that’s exactly how it’s played out. I joined the supporters society to help the club first and foremost , the evidence so far is that our monthly contributions are successfully doing that.  

    In what way would it “not be good for the club”?  It would be entirely neutral for the club.  It would be a negative for the other shareholders who get diluted - but otherwise why would they put more money in, when those that have the least to give can plug the gap?

    As things stand there is no incentive for larger shareholders to put more money in - don’t worry, FSS will do it.

  7. 1 minute ago, LatapyBairn. said:

    “The size of the balance sheet” you think any of the remaining shareholders look at their share purchase as some kind of sound financial investment?! It’s a football club where fans invest more in an emotional basis because they want the club to succeed, it’s not the stock exchange. 

    So if it doesn’t matter to the other shareholders, issue the shares.  It is a limited company and basic financial sense applies.  I joined for fan ownership of shares.  If I just wanted to throw money to FFC I’d just buy 50/50 tickets.

  8. 11 minutes ago, BPM said:

    I thought it was however it is not rocket science of a group of shares are sectioned off for each leg and once they are sold they were sold. The FSS was not going to fold at that point. I thought that was pretty obvious. 

    It’s not obvious at all.  It’s taking advantage of FSS members to the benefit of the other 75% shareholders.  I would have thought it “obvious” that you put in money in a supporters shareholding scheme and actually get shares in return.

    Edit - and if it wasn’t communicated at the outset, the scheme has been missold - unless members are given a chance to vote on what happens post-receipt of the loan.

  9. 1 minute ago, LatapyBairn. said:

    And when the “large tranche” of shares are eventually sold what happens the? Another share issue, then they are sold so then another ……..Where does it end. I like the model as it is and if there’s to be any further share issues in the near future I’d hope it would be to encorporate a new “third leg” investor with the FSS have shares ring fenced to keep us at 25% as has already been agreed. 

    Yes, you issue more if you need to.  Why not?  Because it’s a bit of admin?  Otherwise those that put in their money are doing so to increase the size of the balance sheet so gives something to the other 75% shareholders for nothing.

    “Hope”.  Whilst you can actually do something sensible to stop FSS being taken advantage of.

    Has anyone stated how that 25% maintenance will work?

  10. 1 minute ago, BPM said:

    The first part was 100% the plan. Remember everything was accelerated by the Government Loan so this selling out of shares is probably 4 years earlier than the run rate would have been. 
    I think I would rather see the major shareholder leg of the stool stepping up. 

     

    It may have been the plan, but was that communicated to the ordinary members?

  11. 3 minutes ago, BPM said:

    But it was always this plan when the shares were sold. The FSS have had I a heap of shares ring fenced for the Rawlins and Patrons to get to the c25% range. Once they went it was always a subscription model like FOH, Motherwell, St.Mirren. 
    I am sure in time when the club’s value improves more share will be created. 

    I don’t recall the first half of that ever being communicated.

    The second half is remarkably trusting, bordering on naive.  You wouldn’t run your own business like that BPM.

  12. 2 minutes ago, LatapyBairn. said:

    Don’t think it’s practical or good for the club to be having never ending share issues as would be needed. I was always under the impression once the 25% was reached my £20 a month would continue but more as a glorified donation towards funding and helping to kick the club on, I’m still perfectly content with that and like the model as it is. Numbers also seem to be steadily continuing to rise which is brilliant if that trend continues. 

    You don’t need to continually do it.  Shares can be issued in a large tranche but not allocated, and you can then allocate them to FSS once a year.   Or the other shareholders can be told they need to stand their corner every time FSS donate if they don’t want to be diluted.

  13. 15 minutes ago, Jimmy1876 said:

    But the burden on any individual is proportional. £50 per month to someone who has an income of £1500 per month is a much bigger burden than £60 per month to someone who has an income of £3000. So it's unfair and disrespectful to say its unfair that 25% are carrying the financial burden. And similarly its not quite 25% as I would suggest at least another 25% are kids and not going to be part of any financial decision. Not sure what FFF has to do with it as it had nothing to do with fan ownership, it was a donation of money which someone can also do by buying 3 50/50 tickets per week? But by your standard that doesn't seem to count? 

    Do you know for a fact whether those that don’t join FSS do so because of the cost, or because they can’t be arsed, or they assume someone else will do it?  Or that everyone who has joined is rolling in cash?

    Even if that is demonstrably the case, it still remains factually true that FSS members are bearing a bigger burden.  They do so voluntarily, and maybe because they can afford it or maybe not.  But the fundamental point remains true.

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