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Official Welling Site -> - Welling United Fans Forum -> Welling United Fans Forum -> HMRC to issue new Winding Up petition, Wings confident they can clear it
Post Info TOPIC: HMRC to issue new Winding Up petition, Wings confident they can clear it
JgFc


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HMRC to issue new Winding Up petition, Wings confident they can clear it
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http://www.wellingunited.com/newsitems.php?subaction=showfull&id=1304594859&archive=&start_from=&ucat=14&



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Moo


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I know they're trying to convey confidence, but I'm anything but.

I suspect that Monday's meeting is not merely to inform us of the situation, but to get out the begging bowl for more WUSA funds.

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Dogme


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Amazing that we're having to go through all this again.

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JgFc


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at least its only a few K . We should hang fire until Monday. The good thing is if cleared then we are all upto date with the taxman. Our gates were good towards the end of the season so hopefully they really are close to clearing it.



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Wingnut


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"We are confident the cleared funds will be in place........." blah blah blah

Or rather, when WUSA cough up what we need (as, yet again, we couldn't organise a piss up in a brewery) then we can clear any existing debts.

Will BH be dressed as Oliver Twist on Monday night........"please sir(s) can I have some more"

Pathetic.

 



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chelwing


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From my reading of the web site I don't think they are asking WUSA to pay. In order to do that they would have to approach the WUSA directly and this could only be agreed at a meeting of the WUSA not at a meeting called by the Club and to which other people are invited.

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JgFc


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Excellent point Chelwing and 100% correct, they cant ask WUSA for help at an open meeting where people are there who arent paid members of WUSA.

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ben281032


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So at this meeting are to we expect some financial transparency? Some indication of a structure to keep this club alive? Plans for the club going forward? A new constitution?

We need answers, not statements every year about fighting off the taxman.

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JgFc


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"A meeting is being held on Monday evening at 7.45pm to which all members of WUSA and the lenders group are duly invited where more detailed information will be available and the Club will seek to answer any questions that Supporters / Lenders will have"

Is that only WUSA or Lenders are invited? Also if Lenders are invited its not a WUSA meeting is it and also the only people who could call a WUSA meeting are the committee or its members?



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chelwing


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It does look like only WUSA and lenders are invited. It clearly isn't a WUSA meeting because you are quite right that only the WUSA can call that. They can't be asking the WUSA for money at the meeting - well I suppose they can ask but they can not expect an answer.

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Kevin


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The whole running of the club is pi55 up and brewery so who knows what they will ask, and what answer they will expect.

This has to stop though.

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GaryH


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A few weeks back we were much worse off (see the questions below) so why didn't the club didn't raise the issue of more funds required back then? I think we need to ask the club;

1. We've had about an extra 600 people through the gate on the last three home games - has this 'extra' unforeseen money already been earmarked for the next tax bill? If it has, why did we rely on it?
2. If we hadn't got the higher attendances what would have happened then? And how would we have managed an even higher deficit?
3. Why did we not state a few weeks back more money was required to pay the bill on the 18th? Possibly extra fundraising could have taken place.
4. The end of season do was held at the club (unlike previous years) - were the bar takings projected funds for the tax bill? Risky if it was, extra funds if not.
5. Knowing there are insufficient funds - why have the club not been actively encouraging commercial opportunities?
6. 'and is close to having the necessary cleared funds in place to clear the balance due on 18 May 2011' - How close is close??
7. Why is the meeting only for lenders and WUSA members? Shouldn't it be an open meeting to ALL Welling Utd fans? Unless of course there are specific questions from the club that only WUSA members and lenders can answer?



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ben281032


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And further to question 6............................where is the money coming from to clear the balance? We cant have much money incoming now that the season is over.

Also, what happened to "the goal, sponsored by.........was scored by..............." that we could hear a few home games ago? I didn't hear it after the FOUR that went in on saturday.

AND! How much bloody money are we having to fork out in solicitors' fees!

I don't mean to critisise the club or the Hobbins', but they are all valid questions that require answers.



-- Edited by ben281032 on Thursday 5th of May 2011 02:57:49 PM

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jose


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i cant beleive im reading headlines like this again.

 

i feel for you all i truely do. as usual if in anyway i can help please someone get intouch.

 

Bexley Borough FC



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Moo


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JgFc wrote:

"A meeting is being held on Monday evening at 7.45pm to which all members of WUSA and the lenders group are duly invited where more detailed information will be available and the Club will seek to answer any questions that Supporters / Lenders will have"

Is that only WUSA or Lenders are invited? Also if Lenders are invited its not a WUSA meeting is it and also the only people who could call a WUSA meeting are the committee or its members?

 

I suspect that the majority of lenders are members of WUSA.  So, even though it's not a WUSA meeting by name, in reality it probably will be.



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chelwing


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I don't think we can assume anything. Also lenders who are not WUSA can not be party to any discussions about how WUSA money should be spent.

In answer to Gary H's valid point above about the timing - have you not noticed that all these things happen last minute. The result is that it appeals to people's emotions - or a form of blackmail if you like. Help now or its the end of the club. There is no time for us to say we will help but we want something in return - like representation and a greater say

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Wingnut


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Spot on Chelwing.

Emotional blackmail.

 



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Kevin


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Enough is enough, this must stop.

Unless I see some sort of efforts from those in control, I cant see why anyone would want to put money in in the first place, let alone now a second time around.

We're all thinking this, imagine what the players must be thinking when Daysy says to them "sign up again for next season".

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JgFc


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thank god its "only" a few k and not like it was. I think the players will realise that, will be interesting to see just how much they are short and how theyve raised or pulled up the rest of the money.

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Sidcup Graham


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ben281032 wrote:

Also, what happened to "the goal, sponsored by.........was scored by..............." that we could hear a few home games ago? I didn't hear it after the FOUR that went in on saturday.

-- Edited by ben281032 on Thursday 5th of May 2011 02:57:49 PM

 I'm pretty sure it was still happening on saturday...



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Graham
Dogme


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The goals were still being sponsored by funeral directors on Saturday.

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ben281032


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How apt!

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Bryan Kings KNee


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I dont think they will have the neck to ask for any funds again but then again I was suprised the first time round.

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Bryan Kings KNee


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chelwing wrote:

I don't think we can assume anything. Also lenders who are not WUSA can not be party to any discussions about how WUSA money should be spent.

In answer to Gary H's valid point above about the timing - have you not noticed that all these things happen last minute. The result is that it appeals to people's emotions - or a form of blackmail if you like. Help now or its the end of the club. There is no time for us to say we will help but we want something in return - like representation and a greater say

 At the moment I dont believe that all lenders are WUSA members. I hope there are not any conflicts of interest that arise indue course. Hopefully once representation at the club is sorted out this should be covered.

Do the Lenders reps and the WUSA reps liase or are they one and the same?



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JgFc


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Russ is a lenders rep so is Malcolm, I had reservations before the reps were appointed but have none now having heard them both talk at meetings and out of meetings,

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Cynical


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chelwing wrote:

I don't think we can assume anything. Also lenders who are not WUSA can not be party to any discussions about how WUSA money should be spent.

In answer to Gary H's valid point above about the timing - have you not noticed that all these things happen last minute. The result is that it appeals to people's emotions - or a form of blackmail if you like. Help now or its the end of the club. There is no time for us to say we will help but we want something in return - like representation and a greater say

 Spot on Chelwing and as Wingnut said, ' emotional blackmail'  When will the club realise that they have f****d up and cannot rely on the supporters to bail them out again.  Getting a commercial manager onboard is good in theory, but let's face it, what local business would want to be associated with the club with their history of alledged mis-management?  As others have said on here, what have the club done to help alleviate our financial situation?  No doubt the club will try to get money from WUSA and claim that if they don't get it, the club will fold.  What if any of the previous investors wanted any of their money back?  Afterall, it was their money given to the club, interest free, that saved them. Where would the money come from to repay them?

I just hope that Jamie and the rest of the squad have enough to believe that we can survive another season without having to struggle with the budget.

Another pint of John Smiths - sorry, run out



-- Edited by Cynical on Friday 6th of May 2011 07:57:01 AM

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woodie


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-- Edited by woodie on Friday 6th of May 2011 12:04:33 AM

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