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Supporters Trust Newsletter

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151Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 12:23

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
I’m sure someone was trying to post a picture then?

152Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 12:24

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this image.]

153Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 12:24

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Fighting fund.... Hahahaha.

154Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 12:47

Sluffy

Sluffy
Admin
I honestly still don't understand what this is all about?

I've broken what they've said into the three elements they say the money is for - I think that's what they are saying anyway?


[You must be registered and logged in to see this link.] wrote:The purpose of this Fighting Fund will be to raise emergency and immediate funding to cover the associated costs that will arise in the Supporters’ Trust dealing with an administration of the club.

This fund will cover legal costs,

contribute to any shortfalls in funding an administration

and to cover costs that will undoubtedly be incurred in making representation to the EFL in the event that they look to impose any unfair penalties as a result of recent events

The first bit legal cost's - ok a bit nebulous but let's accept that for now.

The second bit is funding shortfalls in Admin - are they saying they've somehow acquired the club in the Administration process??  If so where's the money to be able to do this has come from as even the chair of the ST himself Terrance Rigby said at the ST forum a week or so ago that the cost of Admin was £750,000 - the £25k they are crowd funding wouldn't fund Admin for even a day!

The third thing is for fighting the probable points penalty the club will get (which implies they would now own the club - why fight point deductions on something they don't own?) - but again where have they got the money to even run the club in Admin let alone bring the club out of Admin which will take millions?


It's not making any sense to me and even if everything was ok £25k what they are crowdfunding for (plus the £60k or so that the ST as left in its bank account) isn't going to last two seconds if they really are after taking over the club under Administration

All I can think is that someone else is backing them but they haven't got much money themselves if they need the ST to scrape up £25k to put into the pot?

Anyway when are all those high net worth individuals and companies they claim they know going to buy the club for them - or was that just another lie?

155Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:15

Sluffy

Sluffy
Admin
Bolton Wanderers Supporters Trust launch 'Fighting Fund'

WANDERERS fans have been asked to contribute to the Supporters’ Trust’s ‘Fighting Fund’ to help cover costs during a potential administration.

Reaction to the trust’s announcement that a share issue could soon be launched to help save the club has been positive – with more than 200 people getting in touch to register their support.

Regulations of the EFL ensure that if an administrator is appointed at Bolton, they must talk with the trust board immediately.

That guarantee has enabled the trust to bring together various parties with a view to securing the club if admin is triggered. Identities of the individuals or business involved are, as yet, unknown – but the fighting fund has now been launched as a ‘piggy bank’ to help fund costs for legal advice or, potentially, barristers.

More than £5,000 has already been donated to the fund. 

The trust has also vowed to fight any potential points penalties which are imposed by the EFL for the failure to fulfil a home game against Brentford, which will be decided by an independent panel in the coming weeks. 

The money raised will NOT be used to bid for the club in administration. 

The mainstay of any potential offer to an administrator would come via high net worth backers and/or via the CIC share issue.

[You must be registered and logged in to see this link.]

156Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:24

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
A good few £100 donations but Jen has donated £200.

I hope she’s not going to regret that in the near future.

157Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:25

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
A lot of negativity on here about this fighting fund which i'm quite surprised at. I've not been the ST's biggest fan but they are at least trying to do something constructive as administration looks nailed on now.
They know they can't afford to take over the club but if they can help bring together interested parties and help the club out than where's the harm?

158Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:30

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:A lot of negativity on here about this fighting fund which i'm quite surprised at. I've not been the ST's biggest fan but they are at least trying to do something constructive as administration looks nailed on now.
They know they can't afford to take over the club but if they can help bring together interested parties and help the club out than where's the harm?
Think Dad's Army.

[You must be registered and logged in to see this image.]
I bags the role of Private Godfrey. Sluffy can be Warden Hodges.

159Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:35

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Over 6K raised so far and going up quickly.

160Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:36

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:They know they can't afford to take over the club but if they can help bring together interested parties and help the club out than where's the harm?
Why can’t the official supporters trust do this? 

Why do we need another supporters group?

161Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:37

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
It is the official supporters Trust KP

162Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:38

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:It is the official supporters Trust KP
What’s the other thing then?

163Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:41

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
The other thing is a share offer which would mean the ST are looking to buy part or all of the club but that hasn't been launched yet. I suspect that will be aimed at the more wealthy business men and companies wanting to be a part of owning the club.
Can't really see this coming off but with things as bad as they are you just never know.

164Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:43

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
If Leeds did one of these it would raise millions.

This is so tin pot.

165Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:44

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Fuck off and support Leeds then.

166Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:44

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:A lot of negativity on here about this fighting fund which i'm quite surprised at. I've not been the ST's biggest fan but they are at least trying to do something constructive as administration looks nailed on now.
They know they can't afford to take over the club but if they can help bring together interested parties and help the club out than where's the harm?

That's not what they are saying the money is for though!

The money is as they state for three things -

1 - Their legal fees - but what legal fees will they incur?
2 - Running the club in Administration - £25k won't pay for a single days cost's in Admin.
3 - Fighting possible EFL sanctions for next year - why would they want money for that if they don't even own the club?


I can understand them trying to raise money to buy the club but they clearly say it IS NOT for that reason (See Iles article above).

Note also that the ST have said the Board will spend the money how they see fit - they aren't going to refund it to people.

Also it's worth noting that two of the board have details in the public domain about, shall we say, inappropriate use funds they have previously been in control of!

See the links I've posted earlier on in this thread.

167Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:48

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
I saw all that Sluffy, i think they may not have worded it correctly to be fair, The funding during administration would be to cover their costs for lawyers etc as the EFL have to contact the ST when we go into administration i would think.
A lot of piss taking on here but what are you prepared to do to save the club?

168Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:50

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:The other thing is a share offer which would mean the ST are looking to buy part or all of the club but that hasn't been launched yet. I suspect that will be aimed at the more wealthy business men and companies wanting to be a part of owning the club.
Can't really see this coming off but with things as bad as they are you just never know.
I meant there is another supporters association that’s official that was here first no?

169Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:53

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
You're probably thinking of the supporters association,KP.

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170Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:55

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Fuck off and support Leeds then.

Bit much. Hope the mods have a quiet word. 

Shocked

171Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 13:56

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:You're probably thinking of the supporters association,KP.

[You must be registered and logged in to see this link.]
Yes I think that’s it Bonce! Very Happy

172Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 14:02

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Fuck off and support Leeds then.

Bit much. Hope the mods have a quiet word. 

Shocked
 They should have a quiet word with you and ask why as a so called Bolton fan you constantly rubbish the club and it's fans.

173Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 14:21

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Fuck off and support Leeds then.

Bit much. Hope the mods have a quiet word. 

Shocked
 They should have a quiet word with you and ask why as a so called Bolton fan you constantly rubbish the club and it's fans.
I will box both your ears together if you carry on! 

Razz

174Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 14:23

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Fuck off and support Leeds then.

Bit much. Hope the mods have a quiet word. 

Shocked
 They should have a quiet word with you and ask why as a so called Bolton fan you constantly rubbish the club and it's fans.

He does it in fun and as far as I'm aware he really is a Bolton fan.

Hipster does actually makes some very valid points at times even if some of us don't like to listen to them.

LG/Hipster has always been one of my favourite posters along with Natasha and we three go back pre-Bolton Banter days.

I know you are stressed with all that's been happening at the club but we are still alive, Howard on Wways is predicting another two week adjournment and I don't doubt there are genuine people working behind the scenes to rescue the club - even if they have to use the ST and their 21 day grace period to buy the club out of Admin to do it.

175Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 14:51

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
Mr Ken Anderson
May 7, 2019
Sorry but this is all i can afford. Monaco has rinsed me.Apologies peasants x
£2.00

176Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 15:20

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
He wouldn't even give that much Martin  Very Happy

177Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 16:19

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Fuck off and support Leeds then.

Bit much. Hope the mods have a quiet word. 

Shocked
 They should have a quiet word with you and ask why as a so called Bolton fan you constantly rubbish the club and it's fans.

He does it in fun and as far as I'm aware he really is a Bolton fan.

Hipster does actually makes some very valid points at times even if some of us don't like to listen to them.

LG/Hipster has always been one of my favourite posters along with Natasha and we three go back pre-Bolton Banter days.

I know you are stressed with all that's been happening at the club but we are still alive, Howard on Wways is predicting another two week adjournment and I don't doubt there are genuine people working behind the scenes to rescue the club - even if they have to use the ST and their 21 day grace period to buy the club out of Admin to do it.


Thanks. We all need to relax.

178Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 16:21

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Lets see what happens tomorrow first eh?

179Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 18:00

gloswhite

gloswhite
Jay Jay Okocha
Jay Jay Okocha
Last time I bought shares in the club, £1000 worth, the club needed cash, so took back ownership, and as a result, I, and many others, lost everything we had invested.  No way will I do that again. If i remember rightly, a certain Mr Gartside was the chairman.

180Supporters Trust Newsletter - Page 6 Empty Re: Supporters Trust Newsletter on Tue May 07 2019, 20:55

T.R.O.Y


Andy Walker
Andy Walker
Just reads as though they’re fundraising to support in a worst case scenario to me. Don’t see the issue to be honest.

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