Shodwall cat Posted September 30, 2022 Share Posted September 30, 2022 Is it not time for the bod to lay the situation on the line for the fans a bit more clearly? When will the cash run out? How much cash do we need to get through the season. and why are we spending money we don't have out with the issues left over from the last bunch of cretins. 1 Quote Link to comment Share on other sites More sharing options...
Springfield Posted September 30, 2022 Share Posted September 30, 2022 Tbh absolutely pissed off with a terrible worded statement. For me they would get more respect meeting with the fans in public rather than a podcast. They can recover from this but stop pissing us about, come clean with the clubs finances, and they might get more people on board. 1 Quote Link to comment Share on other sites More sharing options...
Grangemouth Bairn Posted September 30, 2022 Share Posted September 30, 2022 43 minutes ago, 18BAIRN76 said: I did wonder how long it would take for some people to start having a go at the fans for having the audacity to get a wee bit pissy with a club statement that had a go at us in the first place! Simply, the club should send out a short email today apologising for the wording, which will also allow them to rephrase and highlight the position we’re in. Then we move on. Easy. Said this earlier. Apology today and we move forward. Team are playing well and the focus should be on the team on the pitch not the board. Be good to see the actual financial picture though. 1 Quote Link to comment Share on other sites More sharing options...
Blame Me Posted September 30, 2022 Share Posted September 30, 2022 Some issues, for me, with this communication and FSS/Club relationship generally - The organic growth of the society does seem to have been forced, somewhat. There was a perceived up-take after Holt was emptied, which I assume many attributed to the FSS involvement but unconfirmed as far as I'm aware. There's an argument to be made that this was the catalyst for a lot of reactionary members rather than increasing the membership through an actual example of influence. It also contradicts a stated aim of "... gradually increasing the proportion of fan ownership". The latest update doesn't tell us anything new but seems to imply that the FSS remit now isn't purely to safeguard the club but instead has rapidly progressed to a model where they need to accelerate the fan ownership part hence the 90% comment as I believe ST numbers should never imply membership. One point I can (and hope to) expect pushback on, is what has the FSS achieved for the subscriptions: Yes more shares but what tangibly has that meant? If the FSS are improving X, Y and Z on behalf of us all shout it from the roof-tops and show the difference they've made for the funding they're given. Let me be clear - I'm all for the FSS but I am one of the 90% and not in a position to commit to ongoing contributions - at the moment. I believe it's legitimate to ask whether the FSS, at the moment, could be perceived as a stream of funding the clubs losses, by the back door instead of the club charging ST + £120 to cover the budget set which is a different proposition. 1 Quote Link to comment Share on other sites More sharing options...
BudBairn Posted September 30, 2022 Share Posted September 30, 2022 It only had to be a simple email stating the facts and simply suggesting ways fans could help. Blackmailing fans is not the answer. Feel like withdrawing my FSS payment. 1 Quote Link to comment Share on other sites More sharing options...
Dawson Park Boy Posted September 30, 2022 Share Posted September 30, 2022 1 minute ago, BudBairn said: It only had to be a simply email stating the facts and simply suggesting ways fans could help. Blackmailing fans is not the answer. Feel like withdrawing my FSS payment. Don’t do that. The club is much bigger than the BOD. Im unhappy about the Club governance but it’s prompted me to increase my help. Better times will come about. 1 Quote Link to comment Share on other sites More sharing options...
Rugster Posted September 30, 2022 Share Posted September 30, 2022 The statement should have been on the website also. I didn't get the email, no idea how you get on the email list, but if they're serious about pushing as many fans as possible to join FSS and contribute more they need to speak to a much wider audience than a limited mailing list. Appreciate it's been posted all over social media in the aftermath obviously, but I think that's poor communication strategy also for such an "important" message. 2 Quote Link to comment Share on other sites More sharing options...
Sarcastic Bairn Posted September 30, 2022 Share Posted September 30, 2022 31 minutes ago, Springfield said: Tbh absolutely pissed off with a terrible worded statement. For me they would get more respect meeting with the fans in public rather than a podcast. They can recover from this but stop pissing us about, come clean with the clubs finances, and they might get more people on board. They did have meetings though and the message (apart from the bits that have antagonised people) has always been pretty clear I thought, it doesn't seem to have changed much ie we have no cashflow for later in the season and we need the uptake in FSS to make the shortfall/flow of cash across the season, unless I'm missing something? 3 Quote Link to comment Share on other sites More sharing options...
Reggie Perrin Posted September 30, 2022 Share Posted September 30, 2022 12 hours ago, Shodwall cat said: Why did the bod give the manager an increased budget if it appears we can't even afford the original budget? That to me just isn't a sensible way to run a football club and is how we ended up in financial problems in the past. They should be tightening the purse strings instead of spending more cash and then hoping a white knight appears suddenly to pay for it. Crazy stuff . The increased budget has allowed the manager to build what looks like a genuinely competitive team capable of challenging for promotion which is essential for the future of the club. This has resulted in very decent and growing attendances which in turn means increased income for the club. There is no realistic comparison with the days of overspending under Fulston when sizeable transfer fees were a thing and the club was running on a huge overdraft. 1 Quote Link to comment Share on other sites More sharing options...
kiddy Posted September 30, 2022 Share Posted September 30, 2022 Didn’t get any email & have glanced through the posts since it broke. Has all the hallmarks of the liquidation episode in the 90’s. When the shareholders, who own the club, weren’t willing to put their hands in their pockets, to protect their shareholding, & went cap in hand to their customer base for a bail out. 3 Quote Link to comment Share on other sites More sharing options...
Springfield Posted September 30, 2022 Share Posted September 30, 2022 5 minutes ago, Sarcastic Bairn said: They did have meetings though and the message (apart from the bits that have antagonised people) has always been pretty clear I thought, it doesn't seem to have changed much ie we have no cashflow for later in the season and we need the uptake in FSS to make the shortfall/flow of cash across the season, unless I'm missing something? There’s not one supporter that didn’t know that the club was struggling this season, both on and off the park. Thankfully and if we continue playing like the past two games, we look like a team that could maybe top the table. The bod collectively, have sent out a statement that more or less confirms we are struggling severely without major investment. For me and I’d happily eat my words - there is absolutely no way in this planet they will make this up with FSS investment, so for me the tone of the email is completely wrong, and absolutely stinks. Its time to come out with true projections - maybe just maybe the supporters will back them in more numbers. On a side note, surely the numbers they budgeted for gates / STs must be helping ? 2 Quote Link to comment Share on other sites More sharing options...
Shodwall cat Posted September 30, 2022 Share Posted September 30, 2022 24 minutes ago, Reggie Perrin said: The increased budget has allowed the manager to build what looks like a genuinely competitive team capable of challenging for promotion which is essential for the future of the club. This has resulted in very decent and growing attendances which in turn means increased income for the club. There is no realistic comparison with the days of overspending under Fulston when sizeable transfer fees were a thing and the club was running on a huge overdraft. Yeah and that's fine as long as it's not increasing the financial issues at the club and putting the clubs future at risk. . If you've already got a minimum of 400k loss and then you give the manager an extra 100k to spend you're then looking at 500k to cover . If you then start buying equipment for little kerse you then have more money to fund and its ongoing. Using extremely difficult to achieve commercial targets and the hope that the fss will suddenly rapidly increase membership as the means to cover these ever increasing losses is a hell of a gamble if you ask me and one that obviously hasn't worked 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2022 Share Posted September 30, 2022 2 hours ago, Rocco said: This is true but that one small part has had the biggest impact. If there aim was to try and get more people to sign up to FSS, then I can guarantee they’ve done the exact opposite I would have thought that would be the the case but I heard they had people signing up last night 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2022 Share Posted September 30, 2022 2 hours ago, Dawson Park Boy said: Towards the end, they say ‘there’s no need to worry, no panic’. Thats just nonsense. There is a need to worry. The club probably only has a couple of months cash left. What’s more worrying than that? Unless of course they have Plan B already in the pipeline, but Fan ownership is their preferred choice? And before anyone asks that is conjecture on my part absolutely no knowledge. 0 Quote Link to comment Share on other sites More sharing options...
Grangemouth Bairn Posted September 30, 2022 Share Posted September 30, 2022 3 minutes ago, Back Post Misses said: I would have thought that would be the the case but I heard they had people signing up last night How many and how has it impacted current future projections ? 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2022 Share Posted September 30, 2022 Just now, Grangemouth Bairn said: How many and how has it impacted current future projections ? I don’t know how many TBH. All I was told was they had people sign up and others increasing their monthly. 0 Quote Link to comment Share on other sites More sharing options...
roman_bairn Posted September 30, 2022 Share Posted September 30, 2022 I don’t know how many TBH. All I was told was they had people sign up and others increasing their monthly. Yes I think it’s time to stop getting all worked up over some misguided wording, and look at the bigger picture here which is safeguarding the future of our club today….. 7 Quote Link to comment Share on other sites More sharing options...
Grangemouth Bairn Posted September 30, 2022 Share Posted September 30, 2022 12 minutes ago, Back Post Misses said: I don’t know how many TBH. All I was told was they had people sign up and others increasing their monthly. At least that’s a positive then. 0 Quote Link to comment Share on other sites More sharing options...
Reggie Perrin Posted September 30, 2022 Share Posted September 30, 2022 24 minutes ago, Shodwall cat said: Yeah and that's fine as long as it's not increasing the financial issues at the club and putting the clubs future at risk. . If you've already got a minimum of 400k loss and then you give the manager an extra 100k to spend you're then looking at 500k to cover . If you then start buying equipment for little kerse you then have more money to fund and its ongoing. Using extremely difficult to achieve commercial targets and the hope that the fss will suddenly rapidly increase membership as the means to cover these ever increasing losses is a hell of a gamble if you ask me and one that obviously hasn't worked Failure to get out of this league in the next two seasons at the very latest is the greatest threat to our club. Klopp or Guardiola could not have won us promotion with the squad McGlynn inherited, money had to be made available to give us a chance. A gamble yes but one that absolutely had to be taken and so far appears to be giving us a real chance. 1 Quote Link to comment Share on other sites More sharing options...
Grangemouth Bairn Posted September 30, 2022 Share Posted September 30, 2022 I’m assuming we won’t be seeing the signing Imoji on Twitter at any point today then. 1 Quote Link to comment Share on other sites More sharing options...
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