Re: Minards : Tue Sep 12, 2023 2:49 pm  

PopTart wrote:

My point being, when I've explained how the accounts work, I still get the same question a few days later.
The loss in particular is 2022, so has already been handled. It isn't something to now handle.
He implies having loans and donations are a bad thing, but they don't have to indicate us having no money, they just wanted more to make things easier.
The members donations of £1k and £500 were not desperation. If they hadn't had it, we just wouldn't have done the extras that we did do. It didn't go towards paying a tax bill or anything.

And why should they explain? No other board does with any other club. If they did, they'd just get more questions like the ones above.

Personally, think they are better keeping quiet and just sorting it our the best they can.

I remember saying years ago when Carter was on here and people started moaning. If you have someone willing to share and include you, and you then pick fault at every turn, you'll lose that access......which of course is exactly what happened.

The statement you make - The loss in particular is 2022, so has already been handled - is very bold. If true that is some serious financial investment. I don't suppose you can let us know where the investment came from, was it the directors increasing their loans, was it a secret sponsor who didn't want any fuss.

Re: Minards : Tue Sep 12, 2023 2:58 pm  

Let's also not forget that Mick Carter is definitely on his way. Love him or loath him, there is no getting away from the fact he has put quite a bit of cash in over the years. Plus his dad recently put £300K in, which was a brilliant gesture.
Meanwhile Minards has put nothing like that in and doesn't have the funds to do so even if he intended. If he is left running the ship on his own, we won't get through to next season.

We also have another director that gets very little publicity. John Allott who is a great bloke. John has also put far more into our club than Minards ever will. John doesn't want the limelight, he just loves the club. However I believe he is also happy to walk away. Minards could be in a very lonely position quite soon, and that is exactly why he needs mates like poptart

[PopTart]

Re: Minards : Tue Sep 12, 2023 3:25 pm  

Prince Buster wrote:

Let's also not forget that Mick Carter is definitely on his way. Love him or loath him, there is no getting away from the fact he has put quite a bit of cash in over the years. Plus his dad recently put £300K in, which was a brilliant gesture.
Meanwhile Minards has put nothing like that in and doesn't have the funds to do so even if he intended. If he is left running the ship on his own, we won't get through to next season.

We also have another director that gets very little publicity. John Allott who is a great bloke. John has also put far more into our club than Minards ever will. John doesn't want the limelight, he just loves the club. However I believe he is also happy to walk away. Minards could be in a very lonely position quite soon, and that is exactly why he needs mates like poptart

I can't explain this any more slowly......just like Carter and Allott, Minards has said he will give up his shares too.
Am I typing in Dutch or something by mistake?

Re: Minards : Tue Sep 12, 2023 3:29 pm  

PopTart wrote:

I can't explain this any more slowly......just like Carter and Allott, Minards has said he will give up his shares too.
Am I typing in Dutch or something by mistake?

I would like you to answers bellys post, just above mine and feel free to use Dutch

[PopTart]

Re: Minards : Tue Sep 12, 2023 3:35 pm  

Prince Buster wrote:

I would like you to answers bellys post, just above mine and feel free to use Dutch

Which question?

I'm only giving my opinion. I only know how to read or listen to existing info. That's why it's frustrating.

[PopTart]

Re: Minards : Tue Sep 12, 2023 3:41 pm  

bellycouldtackle wrote:

The statement you make - The loss in particular is 2022, so has already been handled - is very bold. If true that is some serious financial investment. I don't suppose you can let us know where the investment came from, was it the directors increasing their loans, was it a secret sponsor who didn't want any fuss.

I assume you mean this one.

What I mean is, a loss on accounts in 2022 doesn't mean we have no money. It means we took less in than we made up to that day.

We may well be bankrupt for all I know. What I'm trying to explain is that a loss on annual accounts over a year ago isn't an issue today. We've paid people and had investment and had more income.
They say we will make a loss this year as well but much has changed since these accounts.

So I'm not saying a loss isn't an issue. But that loss has no relevance to whether we have cash now. You need more up to date info for that.

Re: Minards : Tue Sep 12, 2023 3:47 pm  

bellycouldtackle wrote:

The statement you make - The loss in particular is 2022, so has already been handled - is very bold. If true that is some serious financial investment. I don't suppose you can let us know where the investment came from, was it the directors increasing their loans, was it a secret sponsor who didn't want any fuss.

The playing squad this year is probably a big indicator as to how that may have been handled.

Re: Minards : Tue Sep 12, 2023 3:59 pm  

PopTart wrote:

I assume you mean this one.

What I mean is, a loss on accounts in 2022 doesn't mean we have no money. It means we took less in than we made up to that day.

We may well be bankrupt for all I know. What I'm trying to explain is that a loss on annual accounts over a year ago isn't an issue today. We've paid people and had investment and had more income.
They say we will make a loss this year as well but much has changed since these accounts.

So I'm not saying a loss isn't an issue. But that loss has no relevance to whether we have cash now. You need more up to date info for that.

We took less in than we made is a new concept !!! a trading loss I think means we spent more money than we took in and the effect is that you do run out of cash. Just like any household knows, so a trading loss in 2022 is very relevant unless you have someone to pay money in to cover the loss, or 2023 is a big profit making year, sadly the directors have already advised that 2023 will be another big loss.

Re: Minards : Tue Sep 12, 2023 4:23 pm  

My point of view is that we would be stupid not keeping jm on for at least a year. He will know exactly the ins and outs of the club and img. For me he would be the glue that holds everything together whilst new owners hopefully get up to speed. Running businesses and professional sports clubs are two different animals. Anyone with sense doesn't throw away knowledge.

Re: Minards : Tue Sep 12, 2023 4:47 pm  

Trin e ti wrote:

My point of view is that we would be stupid not keeping jm on for at least a year. He will know exactly the ins and outs of the club and img. For me he would be the glue that holds everything together whilst new owners hopefully get up to speed. Running businesses and professional sports clubs are two different animals. Anyone with sense doesn't throw away knowledge.

Evening John, how's the takeover going?