This is NOT about demanding they take paycuts, its about saying we need to save the club still and have a spell to stabilise and offer them the chance to stay. If not, get rid of those who want their full wack as we would only be staying in the shyte if we kept them, we need to slash the budget and we could be making money rather than leaking it and still challenging.

We need to show the HMRC and Conference we are trying so we get this embargo off PRONTO as loans can boost our squad by 2 3 or 4 people. If we finish 13th so be it. If we keep the players and get in the play offs gates will rise, we are no longer losing 1000 a week as we will have cut the budget and the club will be stable.

We have to learn from the past and act prudently without releasing everyone and playing kids. We can do it but we need a bit of help from the players and to call in the we will take pay cuts statement.

If they want their 400 a week or whatever it is then fine, Dover will pay it but if we stay paying 4500 we need to find a grand a week for HMRC and we havent done that for the last 2 years have we. So to show it wont happen in the future the budget has to be 1500 a week less. Otherwise all those fans who chipped in have done is kept our players on an unsustainable wage and delayed us going tits up.

We have to get loans and blood a few academy players, as i have said we can keep the squad or the overwhelming majority of it if they take cuts and we can still challenge and have a bigger squad.

-- Edited by JgFc on Wednesday 15th of December 2010 08:54:18 PM

We could ask Luton too if they have anyone wanting experience, theyve seen us play and our pitch now. But i would ask Charlton, Arsenal and Millwall first.

-- Edited by JgFc on Wednesday 15th of December 2010 09:30:42 PM

You owe it to the 42 supporters who have saved the day by putting their money where their mouth is to ensure that the club is run responsibly in the future. This means the club must live within its means and introduce a plan to clear any outstanding debts in an agreed time frame. Whether an immediate cut in the playing budget is necessary to achieve this would be shown if a short term cashflow forecast were prepared immediately. The money from the FA Trophy and the income from the Christmas matches give you a bit of a leeway to consider the important decisions that have to be made. Some of the points I made in an earlier post are relevant and perhaps worth repeating (below.)

"It is important that some financial discipline is introduced immediately. A cashflow estimate should be prepared initially to the end of January and then for the rest of the season, and you must operate at least at break even during this period. You have four home league games between now and the end of January. Three are against Kent clubs and should result in good attendances. The income from these and the proceeds of the Trophy match will have to cover the Club's costs over this period. Ideally you should aim to operate at better than break even and if you can do this the extra money you receive must be used to pay off the other debts NOT to increase the playing budget. One of the new (voluntary) positions to be created is the Finance Officer and his/her effectiveness will be the key to your long term survival and prosperity."

The 42 people have not only saved the day, but they have also opened the door for a change in the structure of the club, by the club being advised to change it constitution to allow other people to the board.

At the same time the supporters have voted to set up a Supporters Association and the club has already agreed to have a representative of the SA to join the board.

From a fans point of view, this means that from now on the club has to actually have boards meetings and include the fans.

I suggest we allow the this process to go ahead and progress and get behind everyone that is working behind the scenes to achieve this.

I also suspect the club is being heavly advised by the solicitors on what to do next financially anyway, as per Dan Chapmans statement:

" The Club, in the interim (and with the excellent support of fan and accountant Robert Littlefield who I would particularly like to mention) will be finalising up to date financial information, attending to the priority short term liabilities and ensuring that accurate information is made available to the Representative Committee of its liabilities and future cashflow position. "

We need to let  Mr Chapman and his team to do this.



-- Edited by morph on Wednesday 15th of December 2010 11:35:25 PM

-- Edited by morph on Wednesday 15th of December 2010 11:55:30 PM

-- Edited by morph on Wednesday 15th of December 2010 11:58:42 PM

-- Edited by morph on Thursday 16th of December 2010 12:09:51 AM

Let's give things a chance. Let us hope that going so close to the wire has brought home that things have to change. We saw more publcity this month than ever before. There is an agreement to a supporters' association and also some involvement for the "42 club". There is a committment to more transparacy - it will be up to us to challenge if we don't know what is going on.

ok ill hold judgement for now but i really am expecting the exact same problems next year

maybe if a cheap pc with internet connection was bought for the club i would see that as a small but positive step but i doubt even that will happen

The club haven't got a pc?? You have to be kidding me?

JOHN wrote:

---

"It is important that some financial discipline is introduced immediately. A cashflow estimate should be prepared initially to the end of January and then for the rest of the season, and you must operate at least at break even during this period. You have four home league games between now and the end of January. Three are against Kent clubs and should result in good attendances. The income from these and the proceeds of the Trophy match will have to cover the Club's costs over this period. Ideally you should aim to operate at better than break even and if you can do this the extra money you receive must be used to pay off the other debts NOT to increase the playing budget. One of the new (voluntary) positions to be created is the Finance Officer and his/her effectiveness will be the key to your long term survival and prosperity."

John talks an awful lot of sense here and there needs to be someone to draw up budget plans for the club and cash flow forecast and a list of aged debtors and creditors. We need to find out how long people will hold out for and how long we are waiting for our money. Maybe Rob Littlefield could help here but I suspect he has performed miracles already.

Once we have this and a firm idea of where we are we can plan for the future. The bottom line is that we will need to make sure that we live within our means.

That may mean that ultimately a lowering of the playing budget and that may result in players going and a lowering of the present level of expectations. If we can only afford a team that performs at a lower level then that will have to be the case. Simply we cannot afford in the long term to be in a similar situation again

---

 

All you lot on here who keep on about players taking paycuts need to seriously wise up. 7 of the squad offered to take pay cuts earlier in the season and this was refused from the top of the club and since your all worried about saving money, dont listen to the rubbish in the papers and other intervies as the players haven't been paid for 2 weeks and some even longer. These are not all just young men looking to make money out of football some of these blokes have families and it doesnt dont look like they will be getting any wages before xmas so you all might think again before posting your comments that have no substance.

Interested Bystander 1 wrote:

---

All you lot on here who keep on about players taking paycuts need to seriously wise up. 7 of the squad offered to take pay cuts earlier in the season and this was refused from the top of the club and since your all worried about saving money, dont listen to the rubbish in the papers and other intervies as the players haven't been paid for 2 weeks and some even longer. These are not all just young men looking to make money out of football some of these blokes have families and it doesnt dont look like they will be getting any wages before xmas so you all might think again before posting your comments that have no substance.

---

Who in Newspaper interviews is telling porkies then, and how do you know this?

 

Is someone unhappy that Welling got themselves out of trouble....

surely if the players hadnt been paid Barrie wouldnt have been stupid enough to state that they had.....
there are 16 individuals that could get contracts elsewhere and then go on to prove him a liar....
Also as interested bystander states some of them actually need the money to support their families.. would they not be looking for other clubs???
and having watched Welling United, I am sure the majority of them would be able to attract another club....

I think Kevin is right and it is a player and that would suggest all may not be well. I heard mutterings at Farnborough from players about pay. They were all there last week so should have been paid after the Luton game. Also I assume that they are training so could have been paid then too.

It wouldn't be surprsing if we have a cah flow problem

If, as some weather forecasters are predicting, the freeze could last until February, it won't only be Welling that have a cash flow problem.  Many clubs will be in trouble.  I wonder if the leagues have the resources available to give clubs temporary financial assistance.

Wages?.........Where indeed???

-- Edited by woodie on Monday 20th of December 2010 06:12:00 PM

I was told by Barrie himself within the last 72 hours that the players wages were up to date, although not this week as they would leave the club otherwise. The fund raising via the Gold bond scheme has struggled as collectors cannot get around due to the weather.

Now either someone is saying Barrie is not telling the truth or someone is stirring with a big spoon.

Personally I would prefer to believe the former

From what i hear the so called parasite sent a letter of intent and that gave us the time to get money together, Lets not rip the investor? apart just yet .

Does anyone know at the club if the investor is still negotiating will Barrie Hobbins?

woodie wrote:

---

Dont you think after all the hard work done by the supporters to save the club the only way forward is to get in a new owner, Someone who is a football man with experience?

Of teh south london alliance division 4?

Restructuring the club including the youth and academy, commercial Management, and above all have the money to invest in the ground in general?

Has he got 200k immediately available to clear all debts, pay the fans back and invest in the ground?

Well done everybody who put money up to save the day!!!! but does anyone know how much the club is really in debt....This is the true start point, not just the Revenue debt....

Yes you do

I was glad to put my money forward but not to be lost in the system, I wanted as im sure most people did want to see the money save the club to give it the time to find someone to buy the club so it can move forward with good ideas and great "Wings" support.....

PMFSL.... No comment.

Woodie are you going to invest 200k?
Will you change our name to Welling & Dartford Town
If you need a commercial manager its a bag a week

Also dont assume the fans will work their arses off for a venture capitalist who watched them raise 64k before stepping out of the shadows.

woodie you reckon someone has paid a few weeks wages and put a few k into the solicitors to get a grip on the club and make any take over easier?

where would this leave the fans having places on a board etc?