Curious Orange
Punxsatawney Phil
Interesting stuff. I don't necessarily believe that it is important if any Supporters Trust is passive for the most part. The important thing is that it is there and ready to move if things go a bit pear-shaped.
My reading of the suggested rules for a Supporters' Trust on the Supporters' Direct website is that it would be an organisation that runs on the one-member-one-vote principle, irrespective of the size of any contribution members have made to the funds of the Trust or any shareholding it might acquire.BensGrandad said:The History Man could you answer a query for me.
As I read it the ST accumulates a certain amount of money with which to buy some shares and then appoints a member to be the 'voice on the board'.
If this is so does everybody have to give the same amount of money i.e would you ask for say £50 per person donation to be a member of the syndicate that is called the Supporters Trust or would it be open for persons to give what they could afford.
No he doesn't.Yorkie said:The History Man organises the litter patrol every home game and is one of only a few who does it every time.
Lord Bracknell said:No he doesn't.
It's Paul Whelch who organises the litter patrol.
The History Man (Tim Carder) organises the letter patrol, when we write to candidates before elections.
Both of them do a lot more as well.
Tim knows a little bit about the Albion's history, too.
Yorkie said:Well it was Tim who gave me the list of games and dates to volunteer for litter patrol.
THAT is the bit I do not understand or accept. I repeat, if little Bradford (Park Avenue) can set up a share scheme for supporters to contribute to the club why can't a bigger club like Brighton? I can assure you if it had cost money BPA wouldn't have done it. 80% smacks to me of a figure pulled out of the air in order to rubbish the idea. Find a better company to organise it.London Irish said:.... Thanks also for clarifying the point about the costs of a share issue. If the Albion has issued shares instead of the A&K fund, the costs incurred in fees would have swallowed up virtually 80 per cent of the individual donations to A&K! ....
Brovian said:THAT is the bit I do not understand or accept. I repeat, if little Bradford (Park Avenue) can set up a share scheme for supporters to contribute to the club why can't a bigger club like Brighton? I can assure you if it had cost money BPA wouldn't have done it. 80% smacks to me of a figure pulled out of the air in order to rubbish the idea. Find a better company to organise it.
Brovian said:THAT is the bit I do not understand or accept. I repeat, if little Bradford (Park Avenue) can set up a share scheme for supporters to contribute to the club why can't a bigger club like Brighton?
I was talking about Bradford PARK AVENUE of the NPL, not Bradford City you muppet. And, yes, BPA's finances have been VERY well managed over the last ten years. They could teach several clubs a thing or two about financial management - including their bigger neighbours in the north of the city.Lokki 7 said:Yeah, because Bradford's finances have been so well managed over the last 10 years haven't they. Lets use them as a model example of how to run a club.
Ok, I'm going to try and find out why BPA have found it so easy and cost-effective to do it when other clubs are put off by the cost. It can't just be because they're canny Yorkshire folk and us and L.I. are a soft touch load of Sotherners. Or can it?London Irish said:No - these are the usual costs. A recent issue we had at London Irish cost exactly the same and was delayed for several years for precisely reasons of cost
So was the BPA offer. They had a public meeting to announce it. I suppose if you're going to waste money on a fancy prospectus and a 'Tell Sid' style marketing campaign then that'll put up the cost.The Auditor said:I expect the high costs are due to the fact that it is a offer to the public
Brovian said:So was the BPA offer. They had a public meeting to announce it. I suppose if you're going to waste money on a fancy prospectus and a 'Tell Sid' style marketing campaign then that'll put up the cost.
I know the Prospectus is a legal document, but there's nothing that says it has to be an expensive glossy document (although I accept that it probably isn't the main expense). As far as the BPA issue goes I'm 99% certain it was a new issue specifically for fans. I've emailed the Secretary to ask how they did it - of course he's not obliged to reply but I hope he does.London Irish said:A prospectus is a legal requirement under company law. Marketing campaigns aren't though, although I think you have an obligation to tell certain people like existing shareholders.
It would be interesting if you have a mate at BPA to find out how they did it so cheaply, and what costs we are talking about. Maybe they weren't creating a new issue but someone was selling their existing stock to the fans?
London Irish said:A prospectus is a legal requirement under company law. Marketing campaigns aren't though, although I think you have an obligation to tell certain people like existing shareholders.
It would be interesting if you have a mate at BPA to find out how they did it so cheaply, and what costs we are talking about. Maybe they weren't creating a new issue but someone was selling their existing stock to the fans?