The Albion NEED £2 million to survive. The board needs YOU to help

[Gazwag]

So if we only get £1M does that mean the club will fold, and those who donated £250 will get free subscription to the Argus for lifetime and their name on a park bench next to Falmer pond

 

[Dave the OAP]

au contraire DO

I assume we have to approach all sorts of funding agencies from Sport England to the national Lootery for funding. If you were a hard nosed banker would you lend money to a limited company who had just sent out a letter to their customers asking for extra money for purchases they have made in order to keep those supplies coming?

 

[Marc]

oh well the Albion wont be seeing jack shit from me, car tax/MOT/Insurance all going out this and next month. Ther a deadline for this or I can I just pop into Dicks house sometime next year with a bundle of cash?

 

[Gazwag]

au contraire DO

I assume we have to approach all sorts of funding agencies from Sport England to the national Lootery for funding. If you were a hard nosed banker would you lend money to a limited company who had just sent out a letter to their customers asking for extra money for purchases they have made in order to keep those supplies coming?

The answer to this could be that the bank loan will be secured on the stadium BUT the bank will probably view the stadium as worthless, after all who would buy it from the bank, the only value would be in the land (assuming the club will own the land and not lease it) which after the demolishion costs would probably not be viable.

It could however be seen that the club is in effect offering a rights issue (ie the shareholders can purchase extra shares at a fixed cost) in order to provide liquid funds to carry on until the end of the enquiry.

 

[Stumpy Tim]

Well I'll whack in 250 quid once you can pay on the website. That part isn't there yet

 

[Northstander]

think I well chuck a few quid if it means getting me name on a seat! But will want guarantees we're getting Falmer first!!

 

[Tom Hark Preston Park]

Wonder if the club considered issuing new shares to raise the money? I for one quite fancy owning some Albion shares.

 

[kalinski]

I donated as much as i can...but it is was a bloody shocking text message to get!

 

[Northstander]

Agreed, just got text now m'self!!

 

[Uncle Spielberg]

We are in deep deep shit. Our blood pressure is 90/50 and falling our respiratory rate in down to 10 a minute and we have 3 heart valves blocked.

Our ventilator tube is not working properly as John Prescott has his fat arse sat on it and he won't budge.

 

[Crete Seagull]

Link to on-line donations

Donate on-Line

 

[Albion Dan]

Why do you only get a seat name of you donate over £250? Why not give that to everybody who donates?

Also why discriminate against people who cant afford £100 by not entering them into the draw for the season tickets?

On that page the button says "cleck here to make a donation". Does nobody proof check what goes up?

Also, why the hell is it so desperate all of a sudden? why have we not been told the gravity of the situation? A couple of years ago the board were saying how prudently they were running the club and how it was all ok.

 

[Brovion]

Why do you only get a seat name of you donate over £250? Why not give that to everybody who donates?

Also why discriminate against people who cant afford £100 by not entering them into the draw for the season tickets?

On that page the button says "cleck here to make a donation". Does nobody proof check what goes up?

Also, why the hell is it so desperate all of a sudden? why have we not been told the gravity of the situation? A couple of years ago the board were saying how prudently they were running the club and how it was all ok.

All good points. This does smack a bit of a hastily rushed-through panic announcement. Expect to see the details changed as people have time to digest it and re-think it.

 

[Uncle Spielberg]

DK cannot offer new contracts to Knight or McGhee until he know how Falmer will go. If Prescott turns down Falmer, we are finished to all intents and purposes as a football club as we have not got the money to invest say £ 3 million trying and possibly failing to get another site.

This must have taken years of people's life expectancies and DK will bow out I think.

The future would be div 2 or div 3 football at Withdean if they allow an extention in front of dwindling crowds of 3000-4000 , as it would be difficult to get people to support a team that will never have a future.

It would then be an ever plummeting scenario and eventually lead to the club folding.

It really is Falmer or bust.

Slashes wrists.

 

[Tom Bombadil]

Also, why the hell is it so desperate all of a sudden? why have we not been told the gravity of the situation? A couple of years ago the board were saying how prudently they were running the club and how it was all ok.

I assume it's to do with the reopening of the planning inquiry. We have to divert money to the continued fight against the forces of darkness.

 

[Marc]

If Prescott turns down Falmer, we are finished to all intents and purposes as a football club as we have not got the money to invest say £ 3 million trying and possibly failing to get another site.

unfortunatley you summed it up perfectly GG

 

[The Great Cornholio]

Why do you only get a seat name of you donate over £250? Why not give that to everybody who donates?

Also why discriminate against people who cant afford £100 by not entering them into the draw for the season tickets?

On that page the button says "cleck here to make a donation". Does nobody proof check what goes up?

Also, why the hell is it so desperate all of a sudden? why have we not been told the gravity of the situation? A couple of years ago the board were saying how prudently they were running the club and how it was all ok.

If it was a named seat and into the draw for a £20 donation, that is all they would get from 90% of people. Sad but true.

 

[perseus]

Second thoughts:

What about a private share issue with voting rights (unlike Norwich). Then a consortium of supporters can have a seat on the Board. Or an outside investor could indicate his interest? (Mike Bamber was a Board member first.)

What is the value of the Albion, say £8 million, a 20% share issue would not even effect control of the club.

Except if there are two companies, one for the stadium and the other for the football side of things.

First thoughts:

A bit ominous for the funding of the new stadium.

Third thoughts:

Albion might sell a player?

 

[The Great Cornholio]

Second thoughts:

What about a private share issue with voting rights (unlike Norwich). Then a consortium of supporters can have a seat on the Board. Or an outside investor could indicate his interest? (Mike Bamber was a Board member first.)

What is the value of the Albion, say £8 million, a 20% share issue would not even effect control of the club.

Except if there are two companies, one for the stadium and the other for the football side of things.

First thoughts:

A bit ominous for the funding of the new stadium.

Third thoughts:

Albion might sell a player?

I think these would happen if we needed the money badly. I have a nasty feeling this has been worded to make it look as if the club will go bust if we don't get £2 million.

 

[perseus]

Missed this thread:

http://www.northstandchat.biz/showthread.php?s=&threadid=33840

Didn't miss it as it was almost simultaneous, which shows that some minds think alike.