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Bailout Agreed

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promotion plaice
December 3, 2020, 8:32pm

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Quoted from Hagrid
Phillip day extremely unhappy with it.
https://www.bbc.co.uk/sounds/play/p090fgw2

Mr Day...."the other £20M will be based on a clubs need"

Well we need some decent players to stay up so get your claim in now Phil.


When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?”
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MuddyWaters
December 3, 2020, 10:09pm
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Quoted from moosey_club
Haha, Philip Day unhappy about not being consulted........irony .......you know how it feels to be a supporter now.......didnt see the board too unhappy with the EFL back when they were on an EFL jolly in Portugal voting in the tinpot league without consulting the supporters trust board member and just agreeing a deal.

Alright just complaining about other not so well run clubs (obviously thats the entire 91 other teams as we are the best run club ever) benefitting by being able to demonstrate a need but whose fault is that ??  YOURS, .. as chairman you have steered us down the austerity route, ran us on the bare bones....YOUR decision.
Dont start whining because other clubs gambled/ had the vision/ realised that the situation would become untenable for most clubs and a rescue package would be inevitable as the country wouldnt allow half of the football pyramid to just disappear overnight.











Our chairman should change his name to Groundhog in homage to other recent chairmen who always blamed someone or something else.
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louth_in_the_south
December 3, 2020, 10:15pm

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Put it another way ....
If you owned a business doing something else like a taxi company and you ran yours sensibly buying Vauxhalls , paying wages to your drivers in the hope of having a long lasting business ....
... Then someone from down the road started up a company with a fleet of Mercs and drivers paid ridiculous wages ...  
... Covid comes along and times are hard and the Charlie from down the road got bailed out more ££££ than you as he said he was going skint ,  you’d be pretty pi.ssed off like Day !!


Lower F5
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LH
December 3, 2020, 10:19pm

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“You’ve got to speculate to accumulate” has never been so true.

The fans have already put some money in, the Premier League now too. Who’s going to make up the rest of it?
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cmackenzie4
December 3, 2020, 10:29pm

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Quoted from Hagrid
Phillip day extremely unhappy with it.
https://www.bbc.co.uk/sounds/play/p090fgw2


After listening to that who can blame him.


Grimsby and proud!
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Green27
December 3, 2020, 10:31pm
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Quoted from moosey_club
Haha, Philip Day unhappy about not being consulted........irony .......you know how it feels to be a supporter now.......didnt see the board too unhappy with the EFL back when they were on an EFL jolly in Portugal voting in the tinpot league without consulting the supporters trust board member and just agreeing a deal.

Alright just complaining about other not so well run clubs (obviously thats the entire 91 other teams as we are the best run club ever) benefitting by being able to demonstrate a need but whose fault is that ??  YOURS, .. as chairman you have steered us down the austerity route, ran us on the bare bones....YOUR decision.
Dont start whining because other clubs gambled/ had the vision/ realised that the situation would become untenable for most clubs and a rescue package would be inevitable as the country wouldnt allow half of the football pyramid to just disappear overnight.






Couldn't agree more. Didn't want to back the club in the hour of need ironically given their bleating about how Schutes couldn't possibly have the finances to run the club if things went mammaries up. Happy to take the fans money again! They've gambled and lost. They don't have the money to run the club, they don't have any ideas to improve the club and again we're back at the trap door of league football because of this boards incompetence. For goodness sakes they just need to go!


We do the DN35 Podcast
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Lincoln Mariner 56
December 3, 2020, 10:46pm
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Colchester chairman singing the same tune as Day on Sky Sports so they’ll have a nice moan come Saturday in the boardroom. Whilst I do understand the thinking behind the clubs stance it does seem ridiculous to preclude a sale to Shutes on the basis he couldn’t financially support a downturn in our performance, not that our on pitch performances can get much worse!
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headingly_mariner
December 3, 2020, 11:15pm

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Backed the wrong horse in the summer. We are all paying the price for it. Interesting that we need wealthy backers pulling the strings in case of a rainy day, well it drunk it down in the summer and they sat on their hands.
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KingstonMariner
December 3, 2020, 11:47pm
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It certainly makes the demand on Shutes’ team to have a Rainy Day Fund look like a way to deter the takeover.

Even if we had hit the salary cap with the squad that Olly assembled, Mr Fenty’s Rainy Day Fund could have done away with the need for a Covid clause.

So I’m calling BS on this. He doesn’t want to lose control of the club.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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ginnywings
December 4, 2020, 12:13am

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Whatever your take on things, we always seem to get it wrong.

We are in a perpetual state of inertia. 10 years after losing our league status, we are 6 places higher in the pyramid than we were then.
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