strichener Posted May 31, 2023 Share Posted May 31, 2023 17 minutes ago, 18BAIRN76 said: Must be pretty galling for all the other diddies when there is literal establishment recognition that Scottish football requires a strong Falkirk Football Club. Must be pretty galling for FFC supporters to realise they need government handouts to survive in the third division of Scottish football. On a more serious note, the value of the loan looks really high given that the fund is expecting to dish out £500k per annum. Falkirk have scooped up the majority of money available this year. I'm not sure if any other part owned clubs will be in a position to benefit from the fan bank this year but if Falkirk terms are typical then it would be total madness not to at least investigate the possibility. 0 Quote Link to comment Share on other sites More sharing options...
Gringo Posted May 31, 2023 Share Posted May 31, 2023 9 minutes ago, NavyBlueArmy1876 said: A minor point but this won't actually change the playing budget. The only difference is we'll just about break even rather than the usual £400k loss next season This has nothing to do with profits or losses. This is a balance sheet item. 0 Quote Link to comment Share on other sites More sharing options...
FFC 1876 Posted May 31, 2023 Share Posted May 31, 2023 5 minutes ago, strichener said: Must be pretty galling for FFC supporters to realise they need government handouts to survive in the third division of Scottish football. On a more serious note, the value of the loan looks really high given that the fund is expecting to dish out £500k per annum. Falkirk have scooped up the majority of money available this year. I'm not sure if any other part owned clubs will be in a position to benefit from the fan bank this year but if Falkirk terms are typical then it would be total madness not to at least investigate the possibility. The bitterness is rife with this one, enjoy the fourth division of Scottish football. 1 Quote Link to comment Share on other sites More sharing options...
strichener Posted May 31, 2023 Share Posted May 31, 2023 Just now, FFC 1876 said: The bitterness is rife with this one, enjoy the fourth division of Scottish football. Whit? I have already posted that this is a great deal for FFC and FSS. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted May 31, 2023 Share Posted May 31, 2023 (edited) 5 hours ago, FalkirkBairn2021 said: Was 350K the maximum available? Or is that just what we were able to apply for given the share situation (ie it's all we were reasonably able to say we 'needed') £350k covered (near enough) the entirety of issued but unsold shares. In theory, we could have had more if there were more shares to purchase. You could not borrow £500k, and keep £150k for sweeties. Edited May 31, 2023 by Duncan Freemason 0 Quote Link to comment Share on other sites More sharing options...
da_no_1 Posted May 31, 2023 Share Posted May 31, 2023 How you cants can sleep at night whilst the country is on its' knees........ Cheats. -2 Quote Link to comment Share on other sites More sharing options...
Bainsfordbairn Posted May 31, 2023 Share Posted May 31, 2023 There is a doll of Sammy The Tammy kicking around the office somewhere. I think it was sent to us from East End Park as a bit of banter after they won the league. I really, really wanted to ask Humza if he would do this with it. Would have made for a much better image than using a ball. 16 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted May 31, 2023 Share Posted May 31, 2023 Just now, da_no_1 said: How you cants can sleep at night whilst the country is on its' knees........ Cheats. Yer maw makes me a nice camomile tea. 3 Quote Link to comment Share on other sites More sharing options...
Francesc Fabregas Posted May 31, 2023 Share Posted May 31, 2023 Apologies if this has been addressed earlier in the thread but what's Paul Goodwin's and Scottish Football Supporters Association connection to today's development? I always had the feeling Goodwin was a Walter Mitty type and the SFSA were largely discredited, so it was a surprise to see them appear in the publicity photos alongside the First Minister and Falkirk FC officials. 0 Quote Link to comment Share on other sites More sharing options...
Bairney The Dinosaur Posted May 31, 2023 Share Posted May 31, 2023 16 minutes ago, Francesc Fabregas said: Apologies if this has been addressed earlier in the thread but what's Paul Goodwin's and Scottish Football Supporters Association connection to today's development? I always had the feeling Goodwin was a Walter Mitty type and the SFSA were largely discredited, so it was a surprise to see them appear in the publicity photos alongside the First Minister and Falkirk FC officials. From what I gather he (through the SFSA) have effectively been lobbying the Scottish Government for a few years to set up the 'Fan Bank'. I don't remember him ever being mentioned in relation to FSS before. 1 Quote Link to comment Share on other sites More sharing options...
HopeStreetWalker Posted May 31, 2023 Share Posted May 31, 2023 3 hours ago, Brockvillenomore said: I can confirm 100% the club own the floodlights and the pitch. I asked the previous board this question when the repairs were carried out 2 years ago. I can also confirm your obsession with the council is unhealthy and you need to just stop. They own the pitch but not the land it sit's on. Owning the floodlights is news to me and stand corrected. This is not an obsession about the council the club got well and truly screwed and that's a fact. Just shrugging our shoulders with a 'That's our lot in the grand scheme of things' is not good for the future of the club. We do not have one physical asset as security to borrow against should the financial doomsday threaten as it did last season. If that does not concern you - it should. Will leave it at that regarding the stadium. Will not mention it again unless it's to say 'I told you so' -1 Quote Link to comment Share on other sites More sharing options...
MulsonFFC Posted May 31, 2023 Share Posted May 31, 2023 6 minutes ago, HopeStreetWalker said: They own the pitch but not the land it sit's on. Owning the floodlights is news to me and stand corrected. This is not an obsession about the council the club got well and truly screwed and that's a fact. Just shrugging our shoulders with a 'That's our lot in the grand scheme of things' is not good for the future of the club. We do not have one physical asset as security to borrow against should the financial doomsday threaten as it did last season. If that does not concern you - it should. Will leave it at that regarding the stadium. Will not mention it again unless it's to say 'I told you so' I don't think many disagree with you, its obvious the club don't have a great deal in terms of our current infra and how the council (and the club) structured that. But we can't do a huge amount to change it now unless we pony up the cash (black cheque) to the council for the stadium and land. Or find the funds to move elsewhere. It's just not going to change and we have to pish with the cock we have so nae point bleating on and on..... 0 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted May 31, 2023 Share Posted May 31, 2023 16 minutes ago, HopeStreetWalker said: Will leave it at that regarding the stadium. Will not mention it again unless it's to say 'I told you so' Good grief, what a tadger -1 Quote Link to comment Share on other sites More sharing options...
HoBNob Posted May 31, 2023 Share Posted May 31, 2023 That's some fucking deal though, interest free over 20 years. Whether you think it's a very sensible use of public funding is for another thread, you certainly can't begrudge any supporters association who uses it. 6 Quote Link to comment Share on other sites More sharing options...
Guest Posted May 31, 2023 Share Posted May 31, 2023 1 hour ago, Francesc Fabregas said: Apologies if this has been addressed earlier in the thread but what's Paul Goodwin's and Scottish Football Supporters Association connection to today's development? I always had the feeling Goodwin was a Walter Mitty type and the SFSA were largely discredited, so it was a surprise to see them appear in the publicity photos alongside the First Minister and Falkirk FC officials. Paul Goodwin. Nuff said. 0 Quote Link to comment Share on other sites More sharing options...
Guest Brockvillenomore Posted May 31, 2023 Share Posted May 31, 2023 29 minutes ago, HopeStreetWalker said: They own the pitch but not the land it sit's on. Owning the floodlights is news to me and stand corrected. This is not an obsession about the council the club got well and truly screwed and that's a fact. Just shrugging our shoulders with a 'That's our lot in the grand scheme of things' is not good for the future of the club. We do not have one physical asset as security to borrow against should the financial doomsday threaten as it did last season. If that does not concern you - it should. Will leave it at that regarding the stadium. Will not mention it again unless it's to say 'I told you so' Today the floodlights and the pitch, a day or so ago the parking fees. The club have a lease on the land that exceeds the usable life of the stadium and surrounding buildings, so no asset now means no liability later. Yes, we’d all like a stadium we own but FYI, banks are not loaning money to football clubs, assets or not. Too big a risk, especially stadiums that have only one purpose and no discernible sale on value. What developer wants to buy and demolish a football stadium and make the club homeless? 0 Quote Link to comment Share on other sites More sharing options...
brokeville Posted May 31, 2023 Share Posted May 31, 2023 2 hours ago, NavyBlueArmy1876 said: A minor point but this won't actually change the playing budget. The only difference is we'll just about break even rather than the usual £400k loss next season According to our CEO we made a small profit this season, well before this announcement. 1 Quote Link to comment Share on other sites More sharing options...
Shodwall cat Posted May 31, 2023 Share Posted May 31, 2023 22 minutes ago, brokeville said: According to our CEO we made a small profit this season, well before this announcement. Yeah as far as I'm aware we were not budgeting for a 400k loss this coming season. 0 Quote Link to comment Share on other sites More sharing options...
PedroMoutinho Posted May 31, 2023 Share Posted May 31, 2023 33 minutes ago, brokeville said: According to our CEO we made a small profit this season, well before this announcement. That was due to the cup run though 0 Quote Link to comment Share on other sites More sharing options...
Bigbrbairn Posted May 31, 2023 Share Posted May 31, 2023 (edited) Now is the crucial time. Can our beloved manager get the correct type of players to get us out of this league. He wont be shackled with most of the deadwood this time so lets see? Edited May 31, 2023 by Bigbrbairn -2 Quote Link to comment Share on other sites More sharing options...
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