TOPIC: My programme notes

Hello

See the link. Can you add comments on the blog pls so i don't miss them?

wp.me/p75FSa-29

Chuffed with the win today! We were lucky but we needed it.

I was on radio cumbria at 2pm chattering about the billionaire and what I'd been told as i see has been posted.

Thanks
Claire

Is generosity a £1.6 million millstone preventing a takeover/investment, and could possibly cause the death of the club?

Claire_Like_Eh wrote:
Tbh clair the only insight ive got out the programme notes is the desire to hire a bus for the bulk of hangers on on and so called custodians then cutting the brakes hoses on the bus ive hired for them to attend the next game .

How would we now not have a club without Mr Jenkins generosity? I'm sure if he decided to move on at any time in the last 5 years new owners would be found. You never know we may even still be in league 1 or above.

Dancingbear wrote:
Doubtful as until last year's the FS loan was still hanging over the club. It's probably not a coincidence that since that has gone we've received more investment offers.

Other folk havent had that chance..so we would never have been in trouble. Jenkins has held the club back for too long...he needs ousted and if it means verbals in the stand so be it

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DeckchairBlue wrote:
So you really think if the current owners resigned en masse there would be no Carlisle United? I firmly believe there would.

As i said earlier, please leave comments on the blog or email me at This email address is being protected from spambots. You need JavaScript enabled to view it.

Dancingbear wrote:
If the current owners resigning also meant Jenkins calling in his debt, we would need to find someone to fund £1.6m which they would never see again. I haven't seen any investment plan that has proposed the funds to do that.

markredfox73 wrote:
Does that ever work ? In recent times its happened at Blackpool, Newcastle, Man Utd and all of their owners are still there.

DeckchairBlue wrote:
Of course it doesn't but the placard waving vocal minority on here aren't able to organise any opposition like it anyway.

Not only do potential investors have to have enough money to clear the debt, they should also have enough for a couple of million in reserve for that rainy day which is just around the corner at every club. Thankfully AJ has had this...

Why are you so far up jenkins arse...

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markredfox73 wrote: Messageboards should be platforms for healthy debate and airing different views.

While I respect your wish to shout abuse at the Directors Box and other forms of therapy like Armo's match boycott, I prefer to support the team and can appreciate recent progress on the pitch and AJ's role in that.

AJ has made numerous mistakes, please see long list I provided the other day, but I have no doubt about his integrity and love for the club.

I also want new owners but they must have a solid business plan and sufficient funds to pay off debt and have cash in reserve for when things don't go well on the pitch, which will inevitably happen.

His own petsonal agenda has nothing to do with love of club.. he cuts his losses and goes.. he has a good business elsewhere..hes just not good at running a football club... and is holding the club back.. so please stop this jenkins love in... i love the club bla bla doesnt wash.

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markredfox73 wrote:
I've changed that for you!

DeckchairBlue wrote:
Or go into administration. Would Jenkins really try to kill the club if he decided to stand down? Maybe, but i couldnt see it myself.

The Archer wrote:
What's happened to the profit we've made this last year Archer?

There's at least £1m swilling around as "contingency" as it is.

Nice to see you dismiss my opinions as "therapy", it seems that there's a lot of people who've needed therapy since AJ & JN took over - the crowds have halved.

It might be a vocal minority on here (mind, I heard quite a lot of twining around me in the East Stand yesterday) but the disgruntled majority just stop going.

Those commends sounds very close to AJ's opinion though - "shut up and support the club you [censored]".

Dancingbear wrote: The current board will not allow us to go into administration as that would see someone come in and give the club to the best offer, paying creditors a fraction of what they are owed. So Jenkins would lose his club and the debt that allows him this stranglehold over it.

Dancingbear wrote:
I agree that that situation wouldn't be likely, but I was just going off of the idea that the board all resign at once, completely cutting ties and someone else has to come in.

The more worrying situation we have is that the football club continues to lose money. None of the investment plans so far have covered how they are going to stop this from happening immediately (most likely because it's impossible). So what happens if Jenkins writes off his debt and sells to the next group that come in, the club continues to lose money and they new owners may not have as deep pockets as AJ has.

This is why I am grateful we have AJ, because although he has made mistakes, he has paid for them with his own money, and it's not his fault that football clubs are money pits.

MRF- just because people don't want to berate AJ with abuse at every chance, doesn't mean they support him.

He's only paid for them if he doesn't want all of his loans back.

thetashkentterror wrote:
Correct, and, if i read his programme notes correctly, He ain't going anywhere without his cash!!

I think the idea that folk boycott going to games, for reasons of principle, en masse, as some seem to claim, is utter bollocks.
I appreciate that some obviously do.
We sell out against Everton etc.
4000 plus watching a mid-table team in Division 4, against another lowly team, is a perfectly respectable crowd.
The game was pretty grim at times and I am sure the idea of watching the racing on TV, or having a few pints, or decorating the spare room, was more appealing to many and I don't hold that against anyone.
I will be surprised if we get above 4k for the Tuesday night games coming up.
Back in the Brent Hetherington, Keith Walwyn era the crowds were much lower.
We got 8000 once against Exeter, when we were top of the league, I remember.
We missed out on promotion, then declined again, the crowds disappeared (understandably so).
So have your debates about the way the club is run and how this affects the on field performance, but make no mistake, If we are top of the league next year, the crowds will go up, Pol Pot could be the club owner, most people wouldn't care.

Bruntonpasty wrote:
Would you ?

The two previous owners did.

DeckchairBlue wrote:
Fred did, and John Courtenay didn't leave with his money back either.This business has gone into financial and sporting decline since Fred left. FACT Under the custody of the current custodians, the business has required propping up each year to cover year on year losses. He, Jenkins, and his fellow directors, as business men, should realise this cannot go on indefinitely. They have dithered and done nothing to stop the rot. Only when someone (Laffy) sets a process in motion to offer change do they suddenly wake up and see how stupid they look. If it wasn't so serious, it would be laughable.
If AJ did not want to put his cash in, then he shouldn't have, simple. What has he done to make the business generate the money to pay him back? Nowhere near enough if anything of any note at all.

The fact that the two previous owners had to write off debts when they left suggests that it would be hugely difficult to run the club profitably. Maybe some of the ridicule aimed at the current custodians for losing money year on year is over the top. Maybe it's unrealistic to expect the club to be run sustainably and what we need is a constant stream of mugs willing to reduce their net worth by owning our football club for a period of time.

How much was the Bristol and West loan? How much did Fred write off?

The difference is what the club made/lost in the period.

CheadleBlue wrote:
The current custodians haven't lost any money until they write their loans off.

Flatcap wrote: Quite right. Fred didn't write his off until after he'd left. Doesn't make my point about sustainability any less valid.

CheadleBlue wrote:
Surely anyone who chucks cash into a football club knows full well there is a good chance they wont get it back, to think otherwise is pure folly. the post about Bolton sums it up really, he'd put money in but has had to realise he would never see it again.

And regarding Fred's debt write off, He refinanced a debt that already existed when he arrived namely, the Bristol and West loan that Knighton took out, NOT a debt accrued under his tenure. Did john Courtenay leave a bigger debt than when he arrived? I don't have the answer to that but he certainly put a fair wedge of his own money in without any return as far as I am aware. This is very different in my opinion to how we are currently.

CheadleBlue wrote:
Did we lose money under FS?