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Some Tweets Saying We Have Borrowed Against Future Season Ticket Sales


Gemmel

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This. Anything to whinge about. Stop on training ground building while a few minor glitches are sorted. Whinge. Few bods who work a couple of hours a month laid off. Whinge. We borrow money. Whinge.

 

So it's better not to question & just to accept everything is hunky dory? You go through life never questioning decisions? No, thought not.

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This. Anything to whinge about. Stop on training ground building while a few minor glitches are sorted. Whinge. Few bods who work a couple of hours a month laid off. Whinge. We borrow money. Whinge.

 

why do you frequent a football forum, is it to whinge at whingers?

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Not at all. Not remotely similar.

 

To be fair for all we know it could be similar, the difference is that the majority of Saints fans are questioning it now. The real question is how far do we go and how long do we leave it?

 

As fans of this club we have a responsibility to dig into the finances and make sure we're run well, and if we aren't being to do something about it.

 

This place has shown information can be got (just look at the PTS thread!) so who's going to do that for us now? Or are we just going to stick our fingers in our ears and shout it could be nothing!

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To be fair for all we know it could be similar, the difference is that the majority of Saints fans are questioning it now. The real question is how far do we go and how long do we leave it?

 

As fans of this club we have a responsibility to dig into the finances and make sure we're run well, and if we aren't being to do something about it.

 

This place has shown information can be got (just look at the PTS thread!) so who's going to do that for us now? Or are we just going to stick our fingers in our ears and shout it could be nothing!

 

That's the problem. A lot of our fans are doing just that. A lot are too naive or too blind to question anything done at the club and if anyone dares to they are pounced on as being anti club or anti chairman and wanting the club to fail. A lot are just skipping to games grateful we've got a club to support and reminding themselves of where we were 3 years ago. Yes we've come along way, yes things have been good but that doesn't mean we have to blindly accept and naively applaud everything the club does as being fantastic, when in reality some of it hasnt been.

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Nothing wrong with asking questions, a supporter's right.

 

But generally speaking, over the last few seasons we've pretty much had it as good as we could ever have dreamed of looking up from the lowest point we found ourselves desperately in. Credit for that is rarely forthcoming from certain minorities on here. Although you will always hear about 'happy clappy', ignorantly 'skipping to games' and 'head under the sand' references aplenty!

 

What has to be said is blatantly obvious, is that there most definitely are some on here who objectively looking at things would appear to be on a relentless crusade to find any pathetic stick to beat the club, or more accurately, the chairman with! Why? Who knows...

 

This loan which there is evidence of, does raise questions, but without the necessary further information to explain it, the propositions could be many ranging from nothing to worry about, to something more concerning. In itself and given the track record of the new regime to date, do we have grounds to chuck our arms in the air in accusing protestation? This is what some on here are intimating we have need to do.

 

Neither extreme is called for! I for one, am quietly confident that on the balance of things, we are on more than a stable footing, and wont be flying the sos flag just yet...

Edited by Avenue Saint
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Maybe at the next cosy little Cortese dinner someone will have the balls to ask:

 

Why are we having to borrow money from a company registered in the British Virgin Islands?

 

Exactly how much are we borrowing and what are the terms of the loan?

 

Who are the Vibrac Corporation?

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To be fair for all we know it could be similar, the difference is that the majority of Saints fans are questioning it now. The real question is how far do we go and how long do we leave it?

 

As fans of this club we have a responsibility to dig into the finances and make sure we're run well, and if we aren't being to do something about it.

 

This place has shown information can be got (just look at the PTS thread!) so who's going to do that for us now? Or are we just going to stick our fingers in our ears and shout it could be nothing!

 

I have no problems with fans delving into these matters to their hearts content, being equally interested. But I am certainly not going to fool myself that knowing these details will have any effect, You can analyse in detail every event that happens at the club and you may still not know the full consequences or more importantly, the slightest chance of doing anything about it.

 

If you want an indicator as to how the future is to pan out, just look at the past actions of Cortese and everything he is trying to build. To get taken over as a league 1 club and have money pumped into the infrastructure to make you amongst the best in the world, let alone the two promotions.We won the lottery when Liebherr bought us and if we find ourselves back in our original position there is still little down side.

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I understand the tax dodge is that loans can be written off in some tax deductible way and donations to a club can't be.

 

So why don't the liebherrs make a loan directly to the club? It doesn't need to go through Vibram, it doesn't need to be secured against season ticket revenue.

 

This whole tax advantage thing is complete ballcocks.

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The "quote" from them was anonymous. Strange .

 

 

Would Mr Illingsworth care to respond?

 

First they seem to make a bit of deal out of it - then lower down mention their football finance expert believes its a normal thing to ensure we have funding available in January for squad strengthening? ... Could they not have started with that spin and demonstrated to the club they are not trying to stir, but reflecting views? Might help them a bit with comments...

 

I agree with those that are curious for more information - natural to want transparency on these things, especially after what the club has been through and as others have stated in light of the debt free comments from NC. I just tend to think the 'football finance' expert is closer to the mark and as such when put in perspective is unlikely to warrant the level of concern or outrage expressed by some.

 

Clubs are ALWAYS naturally cagy about these things - if afterall it is for a Jan spend, do the club want the amount available in the public domain and thus giving away an advantage in any transfer negotiation - Club is in a difficult place there, fans want info and reassurance, but needs to protect its commercial advantage.

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Would Mr Illingsworth care to respond?

 

First they seem to make a bit of deal out of it - then lower down mention their football finance expert believes its a normal thing to ensure we have funding available in January for squad strengthening? ... Could they not have started with that spin and demonstrated to the club they are not trying to stir, but reflecting views? Might help them a bit with comments...

 

I agree with those that are curious for more information - natural to want transparency on these things, especially after what the club has been through and as others have stated in light of the debt free comments from NC. I just tend to think the 'football finance' expert is closer to the mark and as such when put in perspective is unlikely to warrant the level of concern or outrage expressed by some.

 

Clubs are ALWAYS naturally cagy about these things - if afterall it is for a Jan spend, do the club want the amount available in the public domain and thus giving away an advantage in any transfer negotiation - Club is in a difficult place there, fans want info and reassurance, but needs to protect its commercial advantage.

 

He's nothing to do with them anymore I believe. The last quotes from them came from Mike O'Callaghan and I believe Perry McMillan might have resurfaced in the not too distant past under their banner. People stopped taking SISA seriously in the late 90s and these days nothing more than someone putting their name to them to try and sound credible.

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