Dick Knight knows NOTHING...

[Alex Alex Dawson oo! oo!]

The stadium will be built by whichever company emerges from the current tendering selection process, but they won't have an ongoing interest once its built. My understanding is that a seperate stadium holding company will be set up, on which some or all of the current Directors and MP will sit, but again I'm not 100% on this, I'm sure someone will correct me if I'm wrong.

Sorry, some lazy grammar on my part. I mean't to say that another company other than the football club is responsible for delivering the stadium at Falmer and will own it on completion. Separating the ownerships in this way offers both the club and stadium some protection - ie if the football club folds (as Gretna are looking like doing) then the stadium can continue and vice versa.
This 'stadium' company has existed since 2002 and it's certificate of incorporation at Companies House was DK's first slide at the Falmer Forum. I think Knight, Perry and one of the Blooms are the directors.
It is this company, not the football club, that has produced the business plan and charged PWC with raising money to finance the build. I doubt that the football club's current financial position has much, if any, bearing on this.

 

[BigGully]

I see a team that travels by coach to the majority of games. They only fly when they have a very long distance to travel (it was for a Saturday game) and have another game only 3 days later.
You haven't the foggiest idea what the wages and bonuses are as even the players don't know what other players are earning.
An untested striker who is already gaining points for us.

Your spin is worse than the clubs.

They fly to only the furthest away games, yes obviously.

And they travel in a luxury coach and stay over at the Hilton, Marriott or other top grade hotel for nearly all away games.

We really are a decent paying club by all accounts and I hope that Murray is a great success.

But dont kid yourselves .... nearly in every aspect we mirror a successful, financially solvent football club ......... but we aint a successful and solvent football club.

So I am asking where is this financial prudency you owe a debt of gratitude to DK for ??

Dont fall for the 'held to ransome' rubbish.

I am pleased that DK is as reckless as most other Chairman in their quest for footballing success and personal adulation.

 

[Couldn't Be Hyypia]

It is all spin, I am afraid guys.

Carp, crap, crap, crap, uninformed crap, more crap

FFS - this is so uninformed and prejudiced that I nearly wept at your stupidity.

 

[Couldn't Be Hyypia]

"Hilton, Marriott or other top grade hotel"

Top grade hotels? You must be kidding - these are bloody budget chain hotels. Have you ever been to a top hotel? I'd be happy to send you a list.

Hilton and Marriot are cookie cutter, low cost hotels. Stop trying to defend your obviously feeble position.

 

[BigGully]

FFS - this is so uninformed and prejudiced that I nearly wept at your stupidity.

Which bit would that be ??

£300,000 Murray

£50,000,000 Stadium

Leased Withdean and Training facilities ??

4-5,000 paying customers ??

Flying to Carlisle ??

Luxury Coach ??

Hotel Stay ??

No wonder your weeping.

 

[BigGully]

You dont get it do you, I am actually pleased that we spend a decent amount, on everything I have said.

But the thread is about DK and the Club's prudency.

Gladly it doesnt exist

 

[Yorkie]

"Hilton, Marriott or other top grade hotel"

Top grade hotels? You must be kidding - these are bloody budget chain hotels. Have you ever been to a top hotel? I'd be happy to send you a list.

Hilton and Marriot are cookie cutter, low cost hotels. Stop trying to defend your obviously feeble position.

You beat me to it.

 

[Timbo]

You dont get it do you, I am actually pleased that we spend a decent amount, on everything I have said.

But the thread is about DK and the Club's prudency.

Gladly it doesnt exist

Don't waste your time. Question ANYTHING the club do and they'll be all over you.

 

[Yorkie]

Asking questions is fine. Did you go to the Fans Forums? Lots of questions asked there.
Making wild accusations is not.

 

[Easy 10]

So BigGully...wheres your evidence that shows we are well on our way down the rocky road thats been followed by Bournemouth, Luton etc ? Where is your evidence that we are not actually solvent ?

 

[BigGully]

You beat me to it.

It becomes a little relevant when you make a booking for 20 rooms rather than the 1 room you and your bird might book with a cut out offer from The Sun...!!

It cost tens of thousands, which ever way you wrap it up.

Another indication that DK thankfully aint no different to the rest.

 

[Easy 10]

But we're insolvent are we ?

 

[Yorkie]

It becomes a little relevant when you make a booking for 20 rooms rather than the 1 room you and your bird might book with a cut out offer from The Sun...!!

It cost tens of thousands, which ever way you wrap it up.

Another indication that DK thankfully aint no different to the rest.

I don't have a bird.

 

[Easy 10]

I do.

 

[Alex Alex Dawson oo! oo!]

So BigGully...wheres your evidence that shows we are well on our way down the rocky road thats been followed by Bournemouth, Luton etc ? Where is your evidence that we are not actually solvent ?

But we're insolvent are we ?

That's the question E10 because if we are trading whilst insolvent then each of the directors is commiting a criminal offence.
Come on BG, upstanding pillar and representative of the local community like you should be on top of this one.

 

[BigGully]

So BigGully...wheres your evidence that shows we are well on our way down the rocky road thats been followed by Bournemouth, Luton etc ? Where is your evidence that we are not actually solvent ?

You see, you have missed the point, I beleive that we will have the Stadium and we will be alright.

I would suspect that we have some wealthy benefactors that will make it through and as most of us, we just cant think of anything other than it being a success right now ..... we are fans.

The thread was specifically about our Chairman's prudency has saved us from the same plights as Bournemouth, Luton etc.

I recognised that before we became so self congratulating, lets see at DK prudency!!

I say that gladly we are just as reckless with our money than everyone else, and our only likely safety net from the same outcome as those we wish to gloat at can only be about extremely wealthy benefactors.

I dont mind as long as it happens, but maybe just maybe Bournemouth, Luton etc also felt the same.

I will celebrate as much as anyone and cheer DK when it happens, but I felt that the initial thread was not accurate.

As for the solvency of the club, I think we run at a £2,000,000 loss which aint brilliantly solvent, but again if there are guarantors, and securities from our wealthy friends than thats sorts that little cash flow problem.

Now theres a real reason to congratulate DK, he must keep these guys happy and that really is crucial.

 

[Yorkie]

Big Gully, do you really think that DK alone signs the cheques? There is a Managing Director, club secretary and other directors involved.
Those 'wealthy friends' are fellow directors.

 

[BigGully]

That's the question E10 because if we are trading whilst insolvent then each of the directors is commiting a criminal offence.
Come on BG, upstanding pillar and representative of the local community like you should be on top of this one.

Yep, but that only becomes relevant if it does go pearshape.

In reality, all ailing business trade whilst insolvent before they go bust, if they are not careful then legal action would be instigated.

I think we are using the term to show that we have not returned any profits in recent history.

 

[m20gull]

But we're insolvent are we ?

Without the support of directors we would be considered insolvent, but that is kind of the point of having shareholders. I wonder where most organisations would be if all the shareholders sold all their shares.

The prudence question is, however, a fair one. With our income we are still "living a dream" as we now owe various people (admittedly mostly directors) over £10m. We can be grateful, I certainly am, but we also need to be realistic.

 

[Easy 10]

So basically BigGully, your point is that DK and the board do not really deserve our respect and recognition for the way they have run the club, because they are just doing what every other board of Directors have done at those clubs who have gone down the pan in recent years and have been every bit as as reckless with money - the only difference being, we have Directors here who are doing actually doing this within their budgets ?