| Fans Forum on 22:23 - Aug 3 with 3281 views | Dalenet |
On your last point he looked shell shocked - he genuinely didn't seem to realise and he will now. He needs somebody on the Board to act as his wise counsel because it was obvious to everybody else. Murray is on the Board to ensure that fans are representated / engaged. It shouldn't have got to this point to be fair. Hope Simon reflects rather than walks away in umbridge | | |  |
| Fans Forum on 22:28 - Aug 3 with 3182 views | DevonDale |
Watching the forum on YouTube - Simon Gauge totally out of his depth as Chairman - like a startled rabbit in the headlights, not the leader that the club needs at this time. Total lack of confidence in him and his performance. | | | |
| Fans Forum on 22:28 - Aug 3 with 3179 views | DaleiLama |
I saw that. I also suspect that was the investor who broke away from the 90% deal. Have to say I'd rather it was Dan Marino  | |
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| Fans Forum on 22:29 - Aug 3 with 3167 views | Clivert |
I counted three questions ducked, the best question of the night was met with the answer 'a point well made' by Gauge. | | | |
| Fans Forum on 22:34 - Aug 3 with 3080 views | _Windydale |
Simon looks jaded, probably done his best on his adventure but eager now to hand over the reigns to an eager investor with bigger plans than the caretaker board will ever have. But deep down I feel like that are trying the best until this happens, to be the best custodians of the club. | | | |
| Fans Forum on 22:38 - Aug 3 with 2985 views | Clivert |
Everything came back to the old 'we've been delt a shit hand' and 'we're skint' lines.
They didn't give us any answers as to how they plan to take the club forward unless we get investors. | | | |
| Fans Forum on 22:40 - Aug 3 with 2958 views | James1980 |
I think a heckler thought they will be pocketing the difference in interest.
I also think one question got misinterpreted because they were too focused on rebutting the suggestion the Morris resolution was being amended. That being is it only SG and RK that can loan the club money if it is a yes vote at the EGM? | |
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| Fans Forum on 22:50 - Aug 3 with 2836 views | Dalenet |
They can lend the club money at any point - it is the need for security that means the EGM needs a Yes vote. If they want 75% to vote yes they are going to need to make sure that 100% get the voting forms | | | |
| Fans Forum on 23:17 - Aug 3 with 2592 views | pioneer |
You could always give Dan Marino a ring? Particularly since he never won one🤣 | | | |
| Fans Forum on 23:21 - Aug 3 with 2532 views | D_Alien |
Agreed. I made the point afterwards in conversation that what surprised me was how perceptive he is, and imo that's the best forum performance i've seen from a Dale manager / head coach
He'll have earned a great deal of good will from that, and let's hope it now carries onto the pitch | |
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| Fans Forum on 23:28 - Aug 3 with 2492 views | Newbury_Dale |
I wouldnt disagree with that assessment but at the end of the day he and Richard Knight are finding ways to keep the club going. Nobody else is willing to undertake the financial commitment.
One thing that did alarm me was Simon's inability or unwillingness to estimate how long the loan would last for. Perfectly accept the fact that incomings/outgoings can be volatile at times, but they must have done some sort of "worst case" cash flow analysis if we dont sell any players, receive any add-ons and/or get knocked out of the FA Cup in Round 1. If all those factors are taken into account, they should be able to project how long the £350k would last for. | | | |
| Fans Forum on 23:44 - Aug 3 with 2372 views | RespectTheChemistry |
Yes. They're asking the shareholders to agree to the stadium being used as security for a loan, the terms of which will be decided at a later date. I think they need to put the terms of the loan on the table first. | | | |
| Fans Forum on 23:46 - Aug 3 with 2360 views | judd |
Both directors said they were borrowing the money to transfer intonthe club at a date yet to be agreed at a rate of 6% interest.
Then one said it was taking the loan from their 18 year olds'inheritance. You don't borrow to pay an inheritance, do you?
Or am i just baffled? | |
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| Fans Forum on 23:50 - Aug 3 with 2329 views | DaleFan7 |
From what I gathered it seemed to be £350k at 6% interest for an indefinite period.
My concern would be if an investor did come in, would they have to stump up the money to pay off the loan as well as the shares in order to invest. If not, would the debt be transferrable to the new owner and therefore they take over the charge to the ground? | | | |
| Fans Forum on 23:51 - Aug 3 with 2314 views | D_Alien |
The only thing that BJ said which didn't make too much sense was his reference to being there for "not just one transfer window, but three or four"
I didn't think they had transfer windows in the NL? | |
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| Fans Forum on 23:55 - Aug 3 with 2287 views | dingdangblue |
I just thought he meant money he's got put aside for his son and daughters inheritance - he's using that (borrowing). Could be wrong though. I got the impression it is their own money they are lending the club if and when it's needed. | |
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| Fans Forum on 23:59 - Aug 3 with 2261 views | mikehunt |
Yes there was no real answer to what happens if we can’t pay the loan off and need to borrow more money. Although RK made it plain that he could not afford to stump up any more cash after this.
I’m stilll muddled, though. It sounded like the club couldn’t get a loan, even using the ground as collateral,but SG and RK could. Did they say they will get interest back from the loan to the club. I thought I heard 6% mentioned but could be wrong.
The other thing pointed out was that we are not being asked to amend the Morris clause but to provide the 70% of votes necessary to allow the loan to be taken out against the ground. One or two people had gotten hold of the wrong end of the stick regarding that.
Anyhow, bottom line is we have no better option but to vote yes. | |
| The worm of time turns not for the cuckoo of circumstance. |
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| Fans Forum on 00:00 - Aug 4 with 2254 views | judd |
At a commercial rate of 6% that couldn't be bettered? | |
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| Fans Forum on 00:13 - Aug 4 with 2192 views | dingdangblue |
I don't know but I just googled...
'Commercial mortgage rates offered by UK lenders currently range from around 3% over the Bank of England Base Rate to around 12% per annum'. | |
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| Fans Forum on 00:23 - Aug 4 with 2166 views | DorkingDale |
Nah - check out Leeds & Bournmouth | | | |
| Fans Forum on 00:31 - Aug 4 with 2139 views | DorkingDale |
I honestly cannot believe most of these posts. SG is jaded for a good reason - would any of you care to stand in his shoes??
The current Board do this work voluntarily, without pay & scrabbling around for every last penny to keep the club in business.
What more could anybody expect? Stand up if you think you can do better.....
Big Jim summed it up earlier in the evening when asked whether anything other than automatic promotion would be a failure (which planet did that come from?!). He pointed out that it's all about £££ and we are well down the National League table in that respect. | | | |
| Fans Forum on 01:21 - Aug 4 with 2088 views | nordenblue |
I'm sure he just meant the equivalent time frame of a league club. | | | |
| Fans Forum on 01:39 - Aug 4 with 2072 views | nordenblue |
So as a minimum for a commercial loan you're looking at starting around 8.25% min...
JS's manner just came across as amateur really, thought they all came across very well except him, I got the feeling though the directors kind of think "even if we bring more money in,we can't make enough to cover the shortfall even with increased revenue so we're not really bothering"....surely a smaller debt is easier to find than a much bigger one??!!
Still not sure how someone taking out a "business" loan can then influence their own child's inheritance though, surely that can only be influenced if its their personal wealth to begin with? | | | |
| Fans Forum on 01:51 - Aug 4 with 2056 views | Shun |
He’s already thinking about life back in the FL! | | | |
| Fans Forum on 05:21 - Aug 4 with 1954 views | electricblue |
Admiration for BJ but it bored the living daylights out of so 20mins I switched it off..... | |
| My all time favourite Dale player Mr Lyndon Symmonds |
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