| Forum Reply | Club Statement. Deal done at 08:03 10 May 2024
I am not sure if you have had chance to read the terms of the Ogden's offer, but it was wholly conditional on Simon and Richard converting their debt to equity. Without this magnificent gesture from these two to actually do so, we probably would not have a club any longer. How Simon "will be in profit to the tune of £5m" is a bizarre statement to make. A tenfold increase in share value is not a profit unless you sell. The only ways any shareholder can potentially profit is by private sale at a price higher than what they paid, or in the event of the club going into liquidation, sufficient funds left after secured creditors are paid off after the sale of assets. Given our asset base is worth c. £5m,we might make a quid or 2 above the price paid. Since November 2023, the only sizeable lumps of money going into the club have been from Simon and family, Richard, and latterly the Ogden family. |
| Forum Reply | Investment update at 08:12 25 Apr 2024
It was the club that asked the Trust to share the message. |
| Forum Reply | Investment update at 10:58 21 Apr 2024
Interesting that you appear to know amounts received for what have been undisclosed fees, and I, for one, have been unable to identify exact amounts for each player from subsequent accounts. |
| Forum Reply | New lottery at 21:01 18 Apr 2024
One won this week. |
| Forum Reply | Joe Thompson at 16:56 15 Apr 2024
£637. Watch the Trust website re: shirts. |
| Forum Reply | Awards evening at 13:07 14 Apr 2024
Apologies for the technical issues we encountered last night. Hopefully we managed to record it and can put the video up on YouTube soon. |
| Forum Reply | Joe Thompson at 14:40 12 Apr 2024
Will check with the club. We usually have the wonderful Wendy collecting in the Sandy during game time. |
| Forum Reply | Joe Thompson at 14:18 12 Apr 2024
We've already approached the BOGS guys to ask for permission to divert collections tomorrow to the gofundmeappeal. Just awaiting confirmation. The Trust has announced plans to collect tomorrow and Tuesday so we think it sensible to combine all efforts into one, with the one aim for now of supporting Joe. We will review with all contributors to SB going forwards once ownership and structure is confirmed. Best wishes to Joe and his family. |
| Forum Reply | Match Postponed. at 17:42 9 Apr 2024
Thursday is provisional, subject to league and opposition agreement |
| Forum Reply | New lottery at 16:20 9 Apr 2024
I have no idea if they have joined the lottery. |
| Forum Reply | Targeting Groups at 18:07 8 Apr 2024
Interesting model is Lincoln. Turnover around £6.5m and spend 90% of it on wages. Average attendance 8,600 and lost £2.6m last year after a £2m loss the previous year. Without player sales, loss in 23 would have been £3.2m. They sold £3m worth of shares last financial yearto help fund losses. They have listed as a Director their supporters trust, not an individual. Last month they issued another huge amount of shares. |
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