Quote from: KES80 on March 28, 2020, 04:08:01 PM

Firstly, I need to say that I am a fan of the Trust... it's ideals and what it aims to provide....
however, I am hugely grateful to SC and what has been achieved under his tenure. It seems to me that the rapid success on the field has in some ways disempowered the likes of the Trust and FolL......the sums involved now in terms of what is required to support a step1 or 2 side are massive in comparison to what the Trust for example can offer.........and at this stage is £60k likely to be enough to resurrect the club if it went under ?...however laudable the intent ?  If the answer to this is no, then is there a legitimate case for the Trust to reconsider its role ?

You're right: the trust in its current form is a virtual irrelevance.

Seems to be a lot of virtual irrelevance about Stanley. 

https://www.thenonleaguefootballpaper.com/features/29789/football-fans-want-to-know-their-clubs-can-survive-coronavirus-crisis/

Stephen Cleeve wanted donations, loans are all very well but he has  to pay them back!
The aims of the Trust are to "to purchase a stakeholding in the club" not be sole owner.
No, I don't think the Trust could not leap in and save the club but as part of a consortium  they might achieve something, although I doubt if any consortium would want to put in the kind of money Stephen Cleeve appears to doing.

The aim of the business is to facilitate and provide the structure for an affordable, sustainable and enterprising football club in King’s Lynn.  It will also invite the supporters, the local business fraternity and the wider community of King’s Lynn and West Norfolk to be stakeholders in the process.  In forming this community based not-for-profit model, the marketing potential would be more lucrative. In order to comply with Football League rules, a Limited Company (Ltd Co) will be formed with a £100,000 share capital.  Fifty percent of the shares (£50,000) will be owned by the Trust, and the other 50% will be offered to ideally another ten investors each owning 5% of the shares (£5,000 each).  These other investors would be known as vice-presidents of the Ltd Co.  A management board would then be formed and would be made up of 5 Trust Directors, 5 Vice-presidents. This model would allow for supporter representation in the running of the football club, and would facilitate the general principles of a Supporter’ Trust.  The Trust would continue to operate but would have a more direct role in representing its members by having part ownership of the Football Club. An organisational chart can be found at Annex A.  Financial projections can be found at Annex B.  It must be noted that these figures are estimated and obviously would be subject to change according to arising situations. 

Its all there in the Trust Business Plan 2015. If people did a bit of research life could be so much easier.   

Just Giving fund must be doing ok then? 

Far to sensible For your own good Captain. Certainly has been the usual hysteria. Even Trust funders are apparently at it. People who have been there from the start. They of all people should know the Trust cant just give its money away for no return. Whatever the circumstances. Tis a shame there's no football, the Chairmans notes would certainly be interesting.

When I find myself in times of trouble, Mother Mary comes to me
Speaking words of wisdom, Blame the Trust.

Seriously though, whenever there's trouble at mill, it seems to fuel an anti Trust campaign.
Is this just a smoke screen? to divert attention, only the instigators will know.  But it seems to much of
a coincidence to me.

Stan
 " A few have apparently compromised but the majority have said pay me me what I’m
Owed."

I too read that somewhere last night. But tonight it seems to have disappeared. Hmm dirty tricks dept? 

How much of a circle can this carry on going round? Has anyone actually emailed the trust to see what their position is,or emailed the club?

Old Loopy was a lot better than Stan. Grissles.

Quote from: TonyM on March 23, 2020, 05:38:53 PM

Stan, slowly but surely you are getting there and now hopefully you see why I am so against the single benefactor model, although something tells me that you might have drawn a different conclusion.  If SC decided he no longer wanted the hassle of running the club he would be left with either getting what he could by selling it (if a buyer could be found) or by winding up the company to reduce any further losses.  I am sorry to say but with the sums involved on the directors loan accounts the Trust would have very little it could do to influence that decision one way or the other.

I'm glad that you think that I am getting there Tony: finance is not really my area. Here's another question for you?
If the trust were able to use their funds to support the club at the present time with what is basically a severe cash flow problem and the deal was some shares perhaps, it appears that, if your view is typical, that the trust would have nothing to do with it because of the current indebtedness to the chairman? So, while these loans exist, the trust will not really have anything to do with the club and because these loans will only ever go away if the club becomes either so profitable that it can afford to clear them or the chairman writes them off or the company goes into liquidation and the first two options are unlikely, the trust's likely course of action is to do nothing and wait for the club to go bust?

No use throwing good money after bad Stan.  If the Trust was to buy, say 25% of the club. Then it would be liable for 25% of the debts. Absolute madness and unsustainable. Use the Barrow Trust as an example.