New training facility.

Quoted from marinerjase

It sure why it’s so hard to get your head around that the training facility (should/when it happen) will cost so much, owners don’t have bottomless pit or investors/sponsors yet - and said training facility if only used by club/youth/women’s/academies would be sat vacant for a proportion of the day. Know only too well the demand for pitches, particularly sept to April - so opening any up to public/clubs is common sense. Don’t understand why anyone would whinge at that in all honesty..

If we don't have investors yet, I can't see them coming any time soon. We've failed to capitalise on momentum and opportunities yet again.

The smug statements of refusing investments because we don't need them are going to mean Stockwood needs to put his hand in his pocket to deliver the training ground he promised.

Quoted from pen penfras

If we don't have investors yet, I can't see them coming any time soon. We've failed to capitalise on momentum and opportunities yet again.

The smug[b][/b] statements of refusing investments because we don't need them are going to mean Stockwood needs to put his hand in his pocket to deliver the training ground he promised.

urine off Pen, he wasn't ever smug with that statement, at that time we weren't looking for outside investment, the new owners were too busy sorting out the shitshow your pal JSF had left the club, ground and trying facility in!!!!..

Quoted from pen penfras

If we don't have investors yet, I can't see them coming any time soon. We've failed to capitalise on momentum and opportunities yet again.

The smug statements of refusing investments because we don't need them are going to mean Stockwood needs to put his hand in his pocket to deliver the training ground he promised.

How could you ask anyone to invest at a point in time when there was a burden of so called “benign” debt” hanging around the clubs neck to be repaid?

I can see it now 1878 saying “ we’d like you to invest but to save time cut us out & give your cash straight to John”.

After 2 decades of penny pinching & patching up it’s not like the property portfolio is worth investing in is it?

Quoted from pen penfras

If we don't have investors yet, I can't see them coming any time soon. We've failed to capitalise on momentum and opportunities yet again.

The smug statements of refusing investments because we don't need them are going to mean Stockwood needs to put his hand in his pocket to deliver the training ground he promised.

Ffs give it a rest your bed pal was super successful in bringing outside funding into the club wasn’t he Parker lasted6 months before he tried to stitch  him up the lottery winner on the promise he would make him chairman (he told his wife that in the back of my taxi ) and the ideally suited fraudster a really successful packet of investment. And let’s not forget local businesses would rather pour money into clee town rather than help fenty

Quoted from HertsGTFC

How could you ask anyone to invest at a point in time when there was a burden of so called “benign” debt” hanging around the clubs neck to be repaid?

I can see it now 1878 saying “ we’d like you to invest but to save time cut us out & give your cash straight to John”.

After 2 decades of penny pinching & patching up it’s not like the property portfolio is worth investing in is it?

When you say "Investors" do you mean   A) Investment is the act of allocating resources, usually money, with the expectation of generating an income or profit.  You hopefully take back more than you put in.  Or B) Input of money, which will be taken out in the future with no extras, or C) A Gift.

Personally, I can't see people lining up for A as we are losing money, so how do we pay back with interest Investments? Lets hope for B) and C) people.

Quoted from GrimPol

When you say "Investors" do you mean   A) Investment is the act of allocating resources, usually money, with the expectation of generating an income or profit.  You hopefully take back more than you put in.  Or B) Input of money, which will be taken out in the future with no extras, or C) A Gift.

Personally, I can't see people lining up for A as we are losing money, so how do we pay back with interest Investments? Lets hope for B) and C) people.

I tend to agree, unless the relocation strategy changes (which I can’t see why it should ATM) any additional investment would probably come from people who are supporters who’ve made good.

Quoted from HertsGTFC

How could you ask anyone to invest at a point in time when there was a burden of so called “benign” debt” hanging around the clubs neck to be repaid?

I can see it now 1878 saying “ we’d like you to invest but to save time cut us out & give your cash straight to John”.

After 2 decades of penny pinching & patching up it’s not like the property portfolio is worth investing in is it?

Are we loosing money. According to the chair YES!!! think he said a mill this season or needs to put in an extra mill. So what kind of debt is that then?. He said he would want his money back. Are they interest bearing loans. That would increase the debt never as before.

Not having a go at all. BUT THIS

We made a profit for many years under the previous, evidenced by accounts that were a public record scrutinised by shareholders, fans and under the strict  code of  PLC accounting principles. I would say that’s pretty investable.

What do we really know now? Nothing except what we hear from the chair. No relo, no training ground news, no money, no investors, one out one in and we need another mill to see the season out.

Never has the clubs seen such income, fan support, promotion, great cup run, player transfer income!!! ALL THAT MONEY where has it gone. Oh and plus the 800k was it in the bank at conception.

It’s a private business but that’s progress favoured by vocals as we push up the league’s with Selwyns  black and white army. Me hopes 👍👍

Should we be worried 😟 I am.

I think it’s not Magic our Morris but more smoke and mirrors

Quoted from GibMariner

Are we loosing money. According to the chair YES!!! think he said a mill this season or needs to put in an extra mill. So what kind of debt is that then?. He said he would want his money back. Are they interest bearing loans. That would increase the debt never as before.

Not having a go at all. BUT THIS

We made a profit for many years under the previous, evidenced by accounts that were a public record scrutinised by shareholders, fans and under the strict  code of  PLC accounting principles. I would say that’s pretty investable.

What do we really know now? Nothing except what we hear from the chair. No relo, no training ground news, no money, no investors, one out one in and we need another mill to see the season out.

Never has the clubs seen such income, fan support, promotion, great cup run, player transfer income!!! ALL THAT MONEY where has it gone. Oh and plus the 800k was it in the bank at conception.

It’s a private business but that’s progress favoured by vocals as we push up the league’s with Selwyns  black and white army. Me hopes 👍👍

Should we be worried 😟 I am.

I think it’s not Magic our Morris but more smoke and mirrors

Any company can profit if it doesn't invest income back into it!!..

Quoted from GibMariner

Are we loosing money. According to the chair YES!!! think he said a mill this season or needs to put in an extra mill. So what kind of debt is that then?. He said he would want his money back. Are they interest bearing loans. That would increase the debt never as before.

Not having a go at all. BUT THIS

We made a profit for many years under the previous, evidenced by accounts that were a public record scrutinised by shareholders, fans and under the strict  code of  PLC accounting principles. I would say that’s pretty investable.

What do we really know now? Nothing except what we hear from the chair. No relo, no training ground news, no money, no investors, one out one in and we need another mill to see the season out.

Never has the clubs seen such income, fan support, promotion, great cup run, player transfer income!!! ALL THAT MONEY where has it gone. Oh and plus the 800k was it in the bank at conception.

It’s a private business but that’s progress favoured by vocals as we push up the league’s with Selwyns  black and white army. Me hopes 👍👍

Should we be worried 😟 I am.

I think it’s not Magic our Morris but more smoke and mirrors

You’re cherry picking to creative a narrative.

Couple of bits,

- Under Fenty the accounts may have looked neat but the our position in the pyramid was lower than it had been in a century

- Under that regime loyal hard working supporters spent £££££‘s having to endure relegations, false hope, poor facilities and a match day experience that sat in the 1920s.

- Whilst we had to put up with the above JSF bullied people out of shares, alienating countless stakeholders in the process but still found the due diligence to line his pension pot.

If you think we were “investable” then your wife needs to get power of attorney over your finances I suspect.

A few other bits,

Where has a lot of income gone?

- Paying Fenty back

- Chespside that was starved of credibility due to a cheap skate

- £300K+ provision in the accounts for the Main Stand

- Other costs to patch up BP that had been denied for the best part of 2 decades.

- Building footballing expertise infrastructure that will I believe progress us.

There’s loads more to be honest.

Just a point though about the £800k in the bank, that’s arguably the biggest smokescreen as that was cash flow and not positive reserves or net assets. Technically that cash belonged to the business & couldn’t be distributed to directors anyway, if it could do you think John would have left it behind as a welcome gift?

Is it worth some form of fan trust fund share system for investing into the new location training ground development?

The youth team has the 200 club scheme that was well subscribed,

The fans are desperate for the new development to get sorted, so would some form of fan capital investment push it sooner??