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Post Info TOPIC: Two options?
GaryH


Club Legend

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Two options?
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After reading all the great fundraising ideas over the past 3 days (and 3 months) it's never going to be enough, not in two weeks anyway.

Even if we had 500 fans stumping up £50 each or £100 it's not enough. These are realistic figures, maybe even optimistic considering Christmas, money etc.

Our only options are new investors or a loan, isn't it?

Investors - can it be sorted in time? not sure myself considering it's we've been 'on the market' for several months already.

A loan - interest could hinder the club and how would we pay it back if we're losing money now? (perhaps the fundraising ideas could support a loan).

For the future of the club i just hope one of the above happens.



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dogkilla


Playmaker

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RE: Two options?
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GaryH we would need 600 people £100 tax debt is 60k.

This option was mentioned at one of the meetings i believe worcester city done this and paid someone back each week until everyone was paid they might even still be doing so ?.

It is a much lower risk for anyone donating should the club still fold.





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jose


Youth Team

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RE: Two options?
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Didn't I see a thread with other non vicious debts? I wonder how much and if the investors are required to settle these?

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GaryH


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RE: Two options?
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I can't see 600 people giving £100 within 2 weeks.

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dogkilla


Playmaker

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RE: Two options?
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Hmrc debt is one that matters if it dont get paid we close no one else gets paid.



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dogkilla


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RE: Two options?
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GaryH neither can i what with xmas on the horizon but fingers crossed.

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Trundle


Club Captain

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RE: Two options?
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GaryH wrote:

I can't see 600 people giving £100 within 2 weeks.


We don't even get 600 fans through the gates!

 



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