NUFC thread 2021.

[Wearside Wanderer II]

The trust caught telling lies

I would be keeping me wallet closed if I was a gravy slurping bawbag licker

 

[Exile 1968]

Its a bit of coincidence that the PL have "thawed" their view on the day they launch their begging bowl appeal.

Whats changed? Has the info the PL needed when the Saudis walked now been overcome.

Thought not? The Chronic desperate for clicks. I call Bullshit

 

[Rokerparkpies]

Jesus..even Albert Einstein would struggle working this lot out!!
It's not even funny now!

 

[Bears Beets]

Its a bit of coincidence that the PL have "thawed" their view on the day they launch their begging bowl appeal.

Whats changed? Has the info the PL needed when the Saudis walked now been overcome.

Thought not? The Chronic desperate for clicks. I call Bullshit

Their “source” is probably the bong eyed tyre kicker who was adamant it was going through with “no red flags” last year.

 

[Rokerparkpies]

10 greggs pasties sitting on a wall,
10 greggs pasties sitting on a wall,
And if 1 greggs pasty should accidentally fall,
They'd be 9 angry Magpies shouting at a shop!!
Sorry..alcohol!!

 

[Deleted member 6694]

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Explained here (nee carTOON though sadly) that they haven't been in touch with PIF about this pledge and potential share of the purchase price.

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It's currently a bit of a kerfuffle as I think some who are pledging don't fully realise what could potentially happen. Some will be pledging thinking they will get a share in the club as soon as it's sold and have a say in how it's ran when it's far from that. To even get a share of the club, the new owner has to be willing to agree to it for starters.

If somehow PIF came about then I'd dare say they may allow a partial share for NUST, no matter how small. Say if it was just £100,000 but then possibly allow them up to a maximum % by allowing future pledges to be added to a certain amount.

It could end up that fans who jumped the gun a bit early realise that the dream of 'owning' NUFC won't happen and then either stop paying in or try to request money back and it gets ugly. Hopefully it doesn't and worst case is that it goes to charity which is class. Though some have already questioned that they want to help buy a share but not to donate to charity if it doesn't come about.

 

[Karl]

I don’t frequent the football forum, I didn’t realise they are all merged until I just had another look at the thread a minute ago.

Shame they don’t do that with 2 sub forums so all the happy lot can stay in two threads like one big family.

You made me sad joe. You hurt my feelings. I shall make you suffer.

 

[Deleted member 48931]

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Didn't think I was going senile.

Let’s give a big RTG hello to justmeyoutube

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Where in Durham?

Explained here (nee carTOON though sadly) that they haven't been in touch with PIF about this pledge and potential share of the purchase price.

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It's currently a bit of a kerfuffle as I think some who are pledging don't fully realise what could potentially happen. Some will be pledging thinking they will get a share in the club as soon as it's sold and have a say in how it's ran when it's far from that. To even get a share of the club, the new owner has to be willing to agree to it for starters.

If somehow PIF came about then I'd dare say they may allow a partial share for NUST, no matter how small. Say if it was just £100,000 but then possibly allow them up to a maximum % by allowing future pledges to be added to a certain amount.

It could end up that fans who jumped the gun a bit early realise that the dream of 'owning' NUFC won't happen and then either stop paying in or try to request money back and it gets ugly. Hopefully it doesn't and worst case is that it goes to charity which is class. Though some have already questioned that they want to help buy a share but not to donate to charity if it doesn't come about.

I'd worry for anyone who thinks they're actually getting an influence in decisions.

As stated previously, the notion that this could be used to partner with the Saudi's means I'm not investing. My other main hesitation is the fact that there's a difference between a voice and influence. I could write to the club tomorrow - means fuck all. Even a token share of 1-5% doesn't give you anything. It's nice to be heard, but as I say, it won't boil the kettle.

 

[mag in peace]

Explained here (nee carTOON though sadly) that they haven't been in touch with PIF about this pledge and potential share of the purchase price.

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It's currently a bit of a kerfuffle as I think some who are pledging don't fully realise what could potentially happen. Some will be pledging thinking they will get a share in the club as soon as it's sold and have a say in how it's ran when it's far from that. To even get a share of the club, the new owner has to be willing to agree to it for starters.

If somehow PIF came about then I'd dare say they may allow a partial share for NUST, no matter how small. Say if it was just £100,000 but then possibly allow them up to a maximum % by allowing future pledges to be added to a certain amount.

It could end up that fans who jumped the gun a bit early realise that the dream of 'owning' NUFC won't happen and then either stop paying in or try to request money back and it gets ugly. Hopefully it doesn't and worst case is that it goes to charity which is class. Though some have already questioned that they want to help buy a share but not to donate to charity if it doesn't come about.

Regardless of whether they get to successfully purchase 1%, people have donated knowing full well that it could very easily just go to charities. They are very explicit with that. Nobody will be requesting money back, they have pledged it knowing full well this is likely to happen.

Didn't think I was going senile.

Where in Durham?

I'd worry for anyone who thinks they're actually getting an influence in decisions.

As stated previously, the notion that this could be used to partner with the Saudi's means I'm not investing. My other main hesitation is the fact that there's a difference between a voice and influence. I could write to the club tomorrow - means fuck all. Even a token share of 1-5% doesn't give you anything. It's nice to be heard, but as I say, it won't boil the kettle.

I don't know the first thing about business maybe someone like @Grumpy Old Man could clarify but id imagine if you had 1% you would be informed of any major shareholding decisions etc? I think part of the reason this even came about is because nobody ever knows what the fuck is going on with the club anymore. Ashley is cloak and dagger and Charnley never talks. Even if it just allows the fans to know what's going on thats a big plus.

Personally, I think it will all go to food banks in the NE anyway so again, another plus as far as I'm concerned.

 

[Redandwhitedust]

My other main hesitation is the fact that there's a difference between a voice and influence. I could write to the club tomorrow - means fuck all. Even a token share of 1-5% doesn't give you anything.

The one think I imagine it would get you is access to the workings of the club and the right to see things that an ordinary fan wouldn't get to see.

One of the criticisms fans have about football clubs is a lack of communication. This I presume would enable the Trust to act as a go-between.

However the club would no doubt still have confidentiality agreements in place for most things, so the idea that the trust would be telling fans what the transfer budget was, or who was getting new contracts is just silly. But that is exactly the kind of information that the fans want

I have shares in Carlsberg, but that doesn't mean I get to know the name of their next beer before it lands on the shelves!

As I said previously, at small lower league clubs, a trust is a useful tool for fans and club. At Premiership level, it will be an irrelevance

 

[Deleted member 6694]

Regardless of whether they get to successfully purchase 1%, people have donated knowing full well that it could very easily just go to charities. They are very explicit with that. Nobody will be requesting money back, they have pledged it knowing full well this is likely to happen.

Some earlier tweets of those suggesting the money should go back to fans and there's probably a few more now.

Spoiler: some tweets

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Would everyone willing to hoy in a substantial amount to hopefully help towards getting a share of NUFC also be willing if it may well just end up going to charity in an undetermined amount of time? That will hold a few people back who would put in a substantial amount if it was certain to go towards purchasing a share. Those who may hoy in more than the £10, £20's, as some have said, may already give to charity. Someone giving £1 also gets the same voting power as someone who could hoy in £1,000's so will this put off potential higher investors also? For example if it ends up going to charity, those hoying in £1,000's may have wanted it to go to another charity but all those who put in £1, £10, £20 got to say who got it due to more voting numbers.

Even if they got a few million to buy 1%, would a potential buyer really want to give the supporters something to potentially beat them with? Look at how they go on with Ashley, what would it be like if it all turned sour with the new owners? As a potential owner, it may be wise to offer the fans more access to stuff without any share purchase but nothing that would allow them to cause ructions, especially given the way the Mags have gone on.

It's a good idea and there's no doubt they'll raise a decent amount of money but it's going to be a steep learning curve for them. I don't think they'll achieve what Hearts fans have done as the finances were completely different plus the Hearts fans didn't have to consider the same things the Mags have to.

 

[Grumpy Old Man]

Regardless of whether they get to successfully purchase 1%, people have donated knowing full well that it could very easily just go to charities. They are very explicit with that. Nobody will be requesting money back, they have pledged it knowing full well this is likely to happen.


I don't know the first thing about business maybe someone like @Grumpy Old Man could clarify but id imagine if you had 1% you would be informed of any major shareholding decisions etc? I think part of the reason this even came about is because nobody ever knows what the fuck is going on with the club anymore. Ashley is cloak and dagger and Charnley never talks. Even if it just allows the fans to know what's going on thats a big plus.

Personally, I think it will all go to food banks in the NE anyway so again, another plus as far as I'm concerned.

You'll be entitled to attend general meetings and ask questions, and to receive copies of the accounts. That's it. Oh, and your shares can be compulsorily purchased at any time by anyone holding more than 90% of the shares. Anything less than 10% is frankly a waste of time.

 

[Mr David]

What do they think 1% is even going to achieve if they raise it? I saw a tweet saying the former treasurer also got arrested for stealing from other charities and the trust kept this quiet?

 

[BIG MAL]

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Newcastle United Trust Company Assembly of Specially Educated Supporters........N.U.T.C.A.S.E.S

 

[mag in peace]

You'll be entitled to attend general meetings and ask questions, and to receive copies of the accounts. That's it. Oh, and your shares can be compulsorily purchased at any time by anyone holding more than 90% of the shares. Anything less than 10% is frankly a waste of time.

You say that's it, but it's 100x better than the nothing we currently receive.

For what it's worth, I think it will fail and that some charities will get a well deserved helping hand.

 

[Grumpy Old Man]

You say that's it, but it's 100x better than the nothing we currently receive.

For what it's worth, I think it will fail and that some charities will get a well deserved helping hand.

You'll be entitled to one representative at a meeting, and the moment an awkward question is asked, the shares will be bought in. Under PL rules, the club is obliged to meet any supporters trust anyway, and the accounts are, of course, publically available anyway.

The one think I imagine it would get you is access to the workings of the club and the right to see things that an ordinary fan wouldn't get to see.

One of the criticisms fans have about football clubs is a lack of communication. This I presume would enable the Trust to act as a go-between.

However the club would no doubt still have confidentiality agreements in place for most things, so the idea that the trust would be telling fans what the transfer budget was, or who was getting new contracts is just silly. But that is exactly the kind of information that the fans want

I have shares in Carlsberg, but that doesn't mean I get to know the name of their next beer before it lands on the shelves!

As I said previously, at small lower league clubs, a trust is a useful tool for fans and club. At Premiership level, it will be an irrelevance

As Frankie Howerd woould have put it, "Nay, nay and thrice nay".

 

[Redandwhitedust]

As Frankie Howerd woould have put it, "Nay, nay and thrice nay".

The trust will be allowed representation at the AGM, and make suggestions/propose questions (which the board will have every right to brush off, but may choose to answer), and they will probably get more detailed accounts than are made available normally, but nothing like what most football fans are interested in which are things like transfers and managers.

Even if there are things said at meetings it's likely to be under a Non Disclosure Agreement anyway.

My point is that any fan who thinks the trust will have any say or influence in how the club is run will be very disappointed, and would no doubt turn on the trust the moment they realise that a few % of shares doesn't get you much say at all.

 

[Grumpy Old Man]

The trust will be allowed representation at the AGM, and make suggestions/propose questions (which the board will have every right to brush off, but may choose to answer), and they will probably get more detailed accounts than are made available normally, but nothing like what most football fans are interested in which are things like transfers and managers.

Even if there are things said at meetings it's likely to be under a Non Disclosure Agreement anyway.

My point is that any fan who thinks the trust will have any say or influence in how the club is run will be very disappointed, and would no doubt turn on the trust the moment they realise that a few % of shares doesn't get you much say at all.

The publically available accounts are full statutory accounts; anything more detailed will be internal management accounts, which no trust will be given access to on the basis on commercial confidentiality. The only way a trust could get more detail would be by gaining board representation, from which any information gained would, of course, be covered by an NDA, as you point out.

 

[Sneech]

Personally I think it's a great idea, as these kind of supporters funds nearly always work.

Just think, if we hadn't set up that fund to keep Chris Turner he would never have stayed and surpassed Monty's appearance record.

 

[Deleted member 6694]

Where is Pastor Wraith when they need him?

He's not in, not even £1

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