For reference the Bolton News blog link from where the bulk of the information is taken is given at the bottom of this post and the 'numbers' you see against many of the sentences refer as to what time these points were posted on the blog (so you can check the accuracy and context of what I have posted below).
1 The ST has no money.
The Portsmouth model had the ST putting £2.75 million in to buy a 48% of a partnership share with 16 other private investors who put in more money (just over £2.75 million I assume) for the other 52%. - 8.01/8.04
Crispy Cock suggested at the meeting was that if ST membership was 60,000 and each of these contributed £50 per year that would give them £10 million per year! - 8.42
(Please note 60,000 x £50 is actually only £3 million and that as for membership
The Portsmouth ST has about 4,000 members. - 8.03
and FC United ST have 1.000 members - 8.19
If Bolton had say 1,000 in the ST paying £50 each that would total just £50,000 and NOT £10 million per year - Sluffy)
2 - The ST would like to take over the club (sooner rather than later!) -
Many subtle and not so subtle references to this throughout the meeting from -
Crispy Cock - 7.33
Pompey director - 8.05
Supporters Direct rep - 8.21
Crispy Cock - 8.24 and also again at 8.33
Pompey Chairman - 8.35
Crispy Cock - 9.18
3- A ST would limit the ambition of the club to the lower divisions only.
The biggest ST owned club is Portsmouth, the other large ST owned clubs are Wycombe, Exeter and Newport! - 7.12
Supporters trust struggle higher up the league - 7.23
Difficult for it to work at Championship level - (Pompey chairman!) - 8.47
4 - ST's can and DO fail.
Some trusts have lack of creditability - 9.13
Stockports ST failed (after 4 years) - 9.15
5 - The Steering Group
Crispy Cock
Mike Smith (the bloke who actually paid money to fuck our forum - true story - and the owner of the Mavis forum)
See public details about him here -
[You must be registered and logged in to see this link.]
and someone I don't know called Ian Bridge from spie? (who apparently has done design work in the stadium) - 9.20
Summary-
It would seem at this early stage that those 'anonymous 8' behind the ST desire to own the club in the near future by means of jointly raising money from ST membership and finding 16 or so individuals willing to stump up a combined total of several million pounds.
In order to then run the club they would depend on financing it primarily on gate receipts which in effect places a glass ceiling on it to progress no further than the third tier of football because of financial constraints.
Finally two of the three Steering Group members are known or have had dealings with several members of Nuts and trying to pick my words carefully, are not people we would highly recommend to others.
Hope this is of some help in viewing what went on earlier tonight.
[You must be registered and logged in to see this link.]
1 The ST has no money.
The Portsmouth model had the ST putting £2.75 million in to buy a 48% of a partnership share with 16 other private investors who put in more money (just over £2.75 million I assume) for the other 52%. - 8.01/8.04
Crispy Cock suggested at the meeting was that if ST membership was 60,000 and each of these contributed £50 per year that would give them £10 million per year! - 8.42
(Please note 60,000 x £50 is actually only £3 million and that as for membership
The Portsmouth ST has about 4,000 members. - 8.03
and FC United ST have 1.000 members - 8.19
If Bolton had say 1,000 in the ST paying £50 each that would total just £50,000 and NOT £10 million per year - Sluffy)
2 - The ST would like to take over the club (sooner rather than later!) -
Many subtle and not so subtle references to this throughout the meeting from -
Crispy Cock - 7.33
Pompey director - 8.05
Supporters Direct rep - 8.21
Crispy Cock - 8.24 and also again at 8.33
Pompey Chairman - 8.35
Crispy Cock - 9.18
3- A ST would limit the ambition of the club to the lower divisions only.
The biggest ST owned club is Portsmouth, the other large ST owned clubs are Wycombe, Exeter and Newport! - 7.12
Supporters trust struggle higher up the league - 7.23
Difficult for it to work at Championship level - (Pompey chairman!) - 8.47
4 - ST's can and DO fail.
Some trusts have lack of creditability - 9.13
Stockports ST failed (after 4 years) - 9.15
5 - The Steering Group
Crispy Cock
Mike Smith (the bloke who actually paid money to fuck our forum - true story - and the owner of the Mavis forum)
See public details about him here -
[You must be registered and logged in to see this link.]
and someone I don't know called Ian Bridge from spie? (who apparently has done design work in the stadium) - 9.20
Summary-
It would seem at this early stage that those 'anonymous 8' behind the ST desire to own the club in the near future by means of jointly raising money from ST membership and finding 16 or so individuals willing to stump up a combined total of several million pounds.
In order to then run the club they would depend on financing it primarily on gate receipts which in effect places a glass ceiling on it to progress no further than the third tier of football because of financial constraints.
Finally two of the three Steering Group members are known or have had dealings with several members of Nuts and trying to pick my words carefully, are not people we would highly recommend to others.
Hope this is of some help in viewing what went on earlier tonight.
[You must be registered and logged in to see this link.]