Pilgrims' Patter
The Forum => The B-Ark => Topic started by: chris47 on March 01, 2014, 06:46:36 PM
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From the GTFC forum
After speaking to supporters, many have shown a interest in purchasing some shares in the Football Club.
And as there are unissued shares that have not been sold we are inviting supporters the opportunity in purchasing.
The club have Authorised shares of £200,000 but have only issued approximately £76,500.
So if any supporter would like to buy shares they can send me a personnel message or see me at any of the remaining fixtures for a Share Application sheet.
The minimum purchase £100.
Up the Blues
Now if that had been a minimum purchase of £1.00 I may well have been tempted
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A personnel message? Isn't that a P45?
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When it comes to pounds, shillings and pence Boston fans are hardly in a position to mock us for trying to improve our financial predicament.
At least we can call ourselves honest...can your club?
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Neither BUFC or GTFC are a sound financial investment.
If you sell the remaining £123,500 of shares, how long is this money going to last? Your budget this year was propped up by player sales, plus a sell on. Do you have anyone who you can sell this summer? It would be unwise to us shareholder investments to add to the playing budget.
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When it comes to pounds, shillings and pence Boston fans are hardly in a position to mock us for trying to improve our financial predicament.
At least we can call ourselves honest...can your club?
Correct no one should mock GTFC fans for attemping to raise short term finance , this differs from Newtons feasable long term plan of achieving a sustainable LONG TERM future for BUFC .
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Grimsby? Gainsborough? Grantham?
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Neither BUFC or GTFC are a sound financial investment.
If you sell the remaining £123,500 of shares, how long is this money going to last? Your budget this year was propped up by player sales, plus a sell on. Do you have anyone who you can sell this summer? It would be unwise to us shareholder investments to add to the playing budget.
We have had no income from player sales, and budget was set accordingly. Sell on fee from Boyce (about 5k) was added to balance sheet
We are not allowed to get into debt, so have to stay within budget
Imagine any funds raised from a share sale will be held in an account specifically to help if income doesn't reach projected amounts, rather than a boost to playing budget
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When it comes to pounds, shillings and pence Boston fans are hardly in a position to mock us for trying to improve our financial predicament.
At least we can call ourselves honest...can your club?
Correct no one should mock GTFC fans for attemping to raise short term finance , this differs from Newtons feasable long term plan of achieving a sustainable LONG TERM future for BUFC .
It hasn't happened yet...you're a bit premature congratulating yourself what may not come to fruition.
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When it comes to pounds, shillings and pence Boston fans are hardly in a position to mock us for trying to improve our financial predicament.
At least we can call ourselves honest...can your club?
Correct no one should mock GTFC fans for attemping to raise short term finance , this differs from Newtons feasable long term plan of achieving a sustainable LONG TERM future for BUFC .
It hasn't happened yet...you're a bit premature congratulating yourself what may not come to fruition.
I did say long term plan , as you will find applies to your £123K share sale .
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This share (200k) all together. out of interest what % of the club is this???
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All of it, you would have to assume. So if someone pays £101,000, do they get control?
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When it comes to pounds, shillings and pence Boston fans are hardly in a position to mock us for trying to improve our financial predicament.
At least we can call ourselves honest...can your club?
Not really mocking, but I think an investment in GTFC would be a very unwise choice - saying that I think the same would apply to 99% of football clubs.
Would I buy shares in BUFC? - well quite probably if we were trying to raise finance, but would just look upon it in the same light as shirt sponsorship etc (well actually the other season I suppose i did get a (rather well worn) signed shirt out of it).
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When it comes to pounds, shillings and pence Boston fans are hardly in a position to mock us for trying to improve our financial predicament.
At least we can call ourselves honest...can your club?
Not really mocking, but I think an investment in GTFC would be a very unwise choice - saying that I think the same would apply to 99% of football clubs.
Would I buy shares in BUFC? - well quite probably if we were trying to raise finance, but would just look upon it in the same light as shirt sponsorship etc (well actually the other season I suppose i did get a (rather well worn) signed shirt out of it).
Which I suppose is the whole point
If anyone wanted to take over, then I'm sure the board will welcome them with open arms, but I think this sale is for two reasons
Firstly to raise some funds, and secondly to give the fans a chance for some (limited) ownership
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I would invest a tenner!
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I would invest a tenner!
If ten of us invested a tenner :-\
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I think that this sort of thing should be encouraged. I like to see investment in football clubs and hate to see the demise of any. Without rivals there would be no football. Unfortunately the game is a bottomless pit and will always be so for the lesser clubs, but without them the big boys in the premiership would not survive for long. If Gainsborough are showing some initiative then good luck to them. I hope that they, like us, are around for many years to come.