Investment

Quoted from Mikey_345

Wondered how long it would take you. This would be quite a stretch even if we didn't have the evidence of an increase of shares being purchased in the club - which sort of kills your point. 4.5million to 6.1million - there's your new investment...

If your point is 'oh well they'd have to have paid that anyway next year to cover the losses' then I'm not sure how anyone can argue more people shouldering the burden doesn't equal a longer term benefit for the club, both in terms of monetary and expertise value.

Must be tough for many fans of the previous regime seeing this though. Clever business people, who are fans - able to attract other likeminded people with a few quid investing a decent amount of it in the club to fix the fundamental problems left to fester for decades by others... A far cry away from convicted fraudsters, a chairman with only 5k in shares and Holloway's 100k isn't it.

The issue of new shares by 1878 is no evidence of where the money went on receipt .
1878 was until recently entirely funded by loans from JS and AP . The last accounts to 31May 2023 show the balance at £3.8m . They have indicated several times that they have injected further funds since then . It is entirely possible that the share issue to new investors was partly used to repay there loans
A confidence or a clue possibly is  the extraordinary note in those accounts which I suggest you read that basically say a loan from JS and AP of £1.5m was accidentally missed out the previous years accounts . The same amount that has now come in from new shareholders.
Nothing is clear but I say again if this was new money available to GTFC they would surely have said so.
I have no agenda for or against the current owners . I read what I see and make my own judgement based on the facts available and as I did when I called out Fenty for taking out £50k a year pension contributions from the club many years ago and when most on here felt he was our saviour .

If the money wasn't going into GTFC at all - then why the hell would they mention it in interviews in the build up to it happening, or post an interview about it from the club's official channels?

Quoted from HerveJosse

The last accounts to 31May 2023 show the balance at £3.8m . They have indicated several times that they have injected further funds since then . It is entirely possible that the share issue to new investors was partly used to repay there loans
A confidence or a clue possibly is  the extraordinary note in those accounts which I suggest you read that basically say a loan from JS and AP of £1.5m was accidentally missed out the previous years accounts . The same amount that has now come in from new shareholders.

3.8 + 1.5 is 5.3. (Of course all these figures are rounded numbers so not exact). Which is about the same amount of shares bought initially and reported to Companies House on 5th August. So that pretty much covers those figures and is the figure Jason and Andrew have funded to the club.

Currently we have 6.1 million of shares issued following a second purchase of 1.6million registered at the same day at a higher price per share. All looks pretty clear to me a purchase via new investment...

Even IF this was to repay what Jason and Andrew have put in none of us have any knowledge if they'd have been able to do so initially without the prospect of further investment to recoup.

Quoted from sam gy

If the money wasn't going into GTFC at all - then why the hell would they mention it in interviews in the build up to it happening, or post an interview about it from the club's official channels?

Because we have new shareholders / co owners as a result

Quoted from Mikey_345

3.8 + 1.5 is 4.3. (Of course all these figures are rounded numbers so not exact). Which is about the same amount of shares bought initially and reported to Companies House on 5th August. So that pretty much covers those figures and is the figure Jason and Andrew have funded to the club.

Currently we have 6.1 million of shares issued following a second purchase of 1.6million registered at the same day at a higher price per share. All looks pretty clear to me a purchase via new investment...

I don’t think 3.8 plus 1.5 is 4.3 but what do I know

Quoted from HerveJosse

I don’t think 3.8 plus 1.5 is 4.3 but what do I know

Yeah, fat fingers - my bad.

Anyway the accounts state a debt of just over 3million as of May 23, that’s along way from 6.1million.

Quoted from Mikey_345

Yeah, fat fingers - my bad.

Anyway the accounts state a debt of just over 3million as of May 23, that’s along way from 6.1million.

£3.8m not £3.1 and two seasons funding will have gone in since then

I don't really get your narative Herve tbh , I mean it Could be to cover the costs for this upcoming season or something else we don't really know yet  ; i doubt it's to pay anything or them from the past because that would just leave them having to find even more capital to cover this season from either themselves or the new donors.

It's not even in the club (yet) ,but the hard facts are that they have funded the club since they took over because like all other clubs it's technically insolvent , a loss making business and without them propping it up would be owing money all over the place because the natural income doesn't anywhere near cover costs .

They are hardly out there to pull the wool over people's eyes or take a chunk of money out of the club

I don't see how people putting money into the club can be considered a bad thing, we need to spend money to stop being bottom feeders and whether it's new people or JS and AP, it doesn't really matter. Hopefully it's been spent well enough that we can have a playoff push and not see gates drop.

My concern is that we have no headroom. Off the field costs are much higher and gates have already dropped. How much more can they drop without the bottom falling out?

It's hard to understand football economics, if you run it like a normal business you fall behind. But when does it become unsustainable and will we be left in a mess should these investors decide they've had enough? It's the same thing you all say to that imp fella who's always on here winding us up. Nobody knows the answer, but I suspect our protection is that the budget is still small and that's why we're still excrement.