Ricay
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- Posts: 223
- Joined: Thu Oct 15, 2015 11:15 am
BTFC is a Limited company
Just like GT's numerous other failed businesses
He can just walk away and allow the company to go bust
His son has apparently left too
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Lets hope he dont get his money back and returns his attention to us by making an attractive offer to us
Luckily we have a safety net of the Members , oh no we dont no more do we. Under the terms of the new shareholdings that seem to pass without comment the price only needs to be right
Luckily we have a safety net of the Members , oh no we dont no more do we. Under the terms of the new shareholdings that seem to pass without comment the price only needs to be right
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- Location: Romford
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The Americans have heavily invested in the club, the ground and the community. It's clear to be seen to anyone that they are in this for the long haul and have our and their's best shared interest at heart.SUSSEX DAGGER wrote: ↑Thu Sep 19, 2019 7:29 pm Lets hope he dont get his money back and returns his attention to us by making an attractive offer to us
Luckily we have a safety net of the Members , oh no we dont no more do we. Under the terms of the new shareholdings that seem to pass without comment the price only needs to be right
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- Posts: 2619
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rebeldagger wrote: ↑Sat Sep 21, 2019 9:19 amThe Americans have heavily invested in the club, the ground and the community. It's clear to be seen to anyone that they are in this for the long haul and have our and their's best shared interest at heart.SUSSEX DAGGER wrote: ↑Thu Sep 19, 2019 7:29 pm Lets hope he dont get his money back and returns his attention to us by making an attractive offer to us
Luckily we have a safety net of the Members , oh no we dont no more do we. Under the terms of the new shareholdings that seem to pass without comment the price only needs to be right
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Was told the same about Glynn Hopkins and that ended well . Fact remains we are now totally pitched our tent with them and with the new shareholdings they can sell to anybody and the safety net has been removed
It's after the Glynn Hopkin pull-out/antiquated Board naive gentlemens "agreement" that we faced the real prospect of going bust.Was told the same about Glynn Hopkins and that ended well . Fact remains we are now totally pitched our tent with them and with the new shareholdings they can sell to anybody and the safety net has been removed
If we had have gone bust, the Members could've have gone down the pub to talk about old times - and that would have been about it.
The Yanks have then come in and initially stopped us going bust. To fund us for this year, additional funding has been required.
In the UK, shareholders can issue additional funds in the form of a loan.
In the US, shareholders cannot issue loans in this way - hence the only way to legally pay money into the club is in the form of first issuing, then purchasing additional shares. Short of a Member/another party purchasing some shares themselves, I can't see what else they could have done in this situation.
Short-term, I'm encouraged by the way it is currently going. Long-term, the Daggers have to raise a few quid themselves - that is the only real safety net.