Linnets' Fans' Forum

Quote from: little John on April 11, 2025, 03:47:33 PM
I voted yes.Anything has to be better than the current   one man dictatorship!

Quote from: kenny r on April 11, 2025, 03:53:51 PM
I voted yes and have confidence in the Trust Directors to act in the very best interests of its members.

This is surely why the Trust was formed in 2009 and the opportunity is now, subject to negotiations, ours to grasp.

I think Bal very much wants community and supporter involvement and I for one look forward to giving as much suport as I can. 

Sadly, I can't see how that will change if Trust only has a minority stake, especially if its below 20%

As said previously, we don't know what minority means, or what they have in mind. Take that out and I'd be happy to go with it.

Yes Ken.................open, honest and full disclosure to all members at all time! 

Quote from: Mallard on April 11, 2025, 12:46:18 PM
All Trust members should by now have received an email and had time to digest the comments.  I'd like to know what others think to the proposal's offered.

I've had to vote no, due to the lack of options.

For one point (and there are others), to vote yes means that The Trust will be starting discussions with them only taking a minority share in the Club. I can't think why they would be happy with this. Even simple Maths would dictate this to be wrong. If Cleeve purchased the Club for circa £115k, as has been said previously (years ago) and with no debts, Surely the Club must be worth less than when he purchased it, and now it's saddled with so much debt. 

Therefore a 95K stake in the Club should be worth more than a minority stake. Also, what is a Minority stake? 1%? 49%? If it's anything less than 20% then it really is a waste of time even entering discussions with Bal and Jo. There needs to be more meat on the Bones when asking this question. You can't start discussions with a minority vote as the objective, and then go back and say we have changed our mind on that particular point. That wouldn't be a good way to start a relationship. The question itself doesn't mention the minority share, but the accompanying letter does so please be aware of this and read the entire thing every carefully.

Where does only taking a minority stake leave the Trust when it comes to PSI (persons with Significant interest).  The Trust must have some sort of say in the running of the Club (even if not the final say) and investing 95k in a small club such as Lynn should really be worth that.

So why does TSI think we as supporters, and major investors,  are only worth a minority stake in our Football Club? Where's their logic in that? No explanation, but we are asked to vote on it.

I've already said this to the Trust. I would fully agree and welcome that they should enter discussions with TSI, but not with only a minority share as a starting point, hence my no vote. If the question was worded differently, I may be able to answer in the positive.

On another point, I can't see why Bal apparently does not want the Trust Members (or anyone else) to know what's going on during discussions. As a Trust member himself, surely he would like to adhere to the basic principle of being open and honest. If there's nothing to hide, why be so cloak and dagger and not want full disclosure? I'm lost on this one. In my opinion, if Bal wants to discuss things with the Trust, all members must be informed at all times, and in particular when they ask questions. Otherwise, what's the point of having a Trust or a Club with member involvement?


There are other points that I've mentioned to the Trust, but this one is just to basically addresses my view of the vote.

A case of having to say no, but would prefer to say yes.

https://premium.lynnnews.co.uk/sport/linnets-boss-has-sympathy-for-relegated-hosts-9412478/

Quote from: gs50 on April 09, 2025, 09:22:00 PM
Too attack minded

Quote from: samsdad on April 08, 2025, 10:59:33 AM
There are videos going around online now, basically Theo took a dive and pretended to be elbowed, getting the opposition striker sent off...

Thx.

Class Act is Theo.

Quote from: Paul47 on April 08, 2025, 11:03:13 AM

Quote from: Hello Kitty. on April 08, 2025, 10:17:25 AM
Why don't he put the 50,000 in himslef and then take it back out when he gets the 300,000 in?

Anyone know how much a second hand Bentley is worth?

If it's leased, not a lot!

Quote from: samsdad on April 07, 2025, 12:41:38 PM
Assume its in relation to this;

https://cardsboard.co.uk/forum/viewtopic.php?f=2&t=14673

Nothing much to see there.

Rival fans disputing a red card, and usual banter about Theo.

Quote from: gs50 on April 07, 2025, 12:12:59 PM
Whats that supposed to mean

No idea.

I had a check on line and couldn't see anything recent going on with Tommy, Theo or Kai.

Quote from: gs50 on April 06, 2025, 01:37:37 PM
Cant see any interested parties coming forward until it is known exactly what amount is required to take club on,

Chairman has said he'll walk away from the Directors loans.

I assume that means the £450k loan he took on in the name of the club, with no personal liability, would remain.

I can't see why anyone would take it on with the Club being saddled with that attached to it.

Quote from: Paul47 on April 05, 2025, 10:04:06 PM

Quote from: Blue_and_Gold on April 05, 2025, 07:27:51 PM

Quote from: Paul47 on April 05, 2025, 06:46:52 PM
Bal was at the game today

Yes.

Thanks for that. Always glad to get confirmation of something I know happened from someone not at the game.

 

https://premium.lynnnews.co.uk/sport/the-chairman-always-finds-a-way-and-i-have-that-trust-in-h-9411753/

Quote from: Paul47 on April 05, 2025, 06:46:52 PM
Bal was at the game today

Yes.

Quote from: Nemesis on April 05, 2025, 05:16:14 PM
Wot - no Joe?

Guess that's why Adam never managed to bring a Striker in.

So, Jo and Bal are out then?   

https://premium.lynnnews.co.uk/sport/linnets-pick-up-a-point-as-financial-worries-return-9411742/

0-0 at Walks today.

Att: 1066

Lynn drop to 8th and out of a play off position, with the difference between 7th and 8th being goal difference.

So we're  still in the mix, as today's results elsewhere could have gone far worse for us.