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Swainy

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Posts posted by Swainy

  1. Bit of double standards here. Fans bring in £x0000s per month and you claim your skint to owners of stadium. Based in this you must be running at some loss per month regardless of owning stadium or not.

    The stadium is owned between 2 wealthy fans and pars united. The cost involved of purchasing the stadium from the bank was seen as too big an investment for no return. The fans that bought the stadium put a low rate lease on it to recoup some of their investment. Long term plan for the stadium guys is to sell it back to the club.

  2. :lol:

    Losing money year after year is not sustainable. Clearly.

    Dunfermline are gambling on losing money this year, signing players on FT contracts on decent money in the hope of being able to get back to a level where their average crowds will sustain full time football.

    If you dont get there this year, will you go for another year losing money? Not a chance.

    In anyones language, that's win or bust.

    Not when we will finish the year with surplus in the bank far from win or bust.

  3. As we highlighted in our Chairman's letter to season ticket holders, the financial climate of the game in Scotland remains extremely challenging for every Club, and DAFC is no exception. Particularly as we will again be operating as a full time Club in the third tier of Scottish Football, which makes planning for the future very difficult

    Make it less challenging and less difficult by not operating full time status in the third tier and build slowly

    But we can afford a full time budget for next season so why wouldn't we keep full time status?

  4. The hearts situation has got me thinking.

    Going by sanctions for ourselves and previously Livi for Hearts to be playing in the top flight next season they will surely have to put up a bond to guarantee they can fulfill their fixtures. Who would put this bond up for hearts without knowing they would have control of the club next season as the season will start before they even know who a preferred bidder will be. I can't see thee SPFL allowing hearts to compete in the SPL without such a bond and going back to what happened with Livi when they couldn't pay the bond they were pumped into the 3rd.

    With this in mind if(and that's a big if) our CVA is approved and we starve off liquidation I would think their is a massive chance we will be playing in the 2nd tier next season.

  5. Is it all worth it? £500K seems an awful lot of money to plough in to nothing other than the right to run the team. The ground wouldn't be ours. None of the money raised through events would be ours. We'd have rent to pay. Unless Lloyds got tough with Masterton and repossess East End then it's hard to see how this scenario could change. 

     

    We got in to this mess by throwing around six figure sums of cash and this just seems to be carrying on where we left off.

     

    If DAFC was to die, Masterton would have a useless football stadium on his hands. Some of that 500K could go towards paying off the other creditors the full amount due, rather than the peanuts they will receive after Masteron snaffles up 90% of the money from a CVA. 

     

    We could reform, ask to join the third tier, play anywhere that will have us then when LBG repossess East End we can step in as ideal new tenants or owners. 

     

    The idea of just handing over huge pots of cash to appease the major creditor (Masterton) for the pleasure of playing in 'his' ground, paying him rent and seeing money drain away to his family from event hosting just seems a meek, spineless solution. 

    If we rented the stadium, events held in the stadium would be sold and marketed by DAFC I believe.

    Sent from my LT30p using Pie & Bovril mobile app

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