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Post by mullen103 on Sept 13, 2023 15:13:00 GMT
As members/supporters we don’t know what the plans are yet, officially and it’s currently speculation, so wouldn’t get worked up yet.
For me, the fact it’s “confidential” and going through the trust means There’s a high chance there’ll be dilution and if that’s the case I’m open minded, but if it’s a full takeover would they be a great need?
If there’s additional shares to be created then the trusts shares will drop unless they come up with the money I suppose.
But at the moment it’s speculation. And if hear what I appear to be bullshit at the meeting you can be sure my feelings will be communicated.
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Post by northernsoul on Sept 13, 2023 15:17:53 GMT
Not this again. Yes, the meeting is so top secret that literally anyone could have joined the trust for a tenner (or £2 if you went the family route) and gone along and asked whatever they wanted. I mean, it's basically North Korea. I'm not the trusts biggest fan, in fact I'm not really a fan at all, but they literally said, please join if you want to come. The only reason anyone won't be there isn't because of a Stasi plot to prevent truth seekers from attending, it's because they couldn't be arsed to pay a few quid and get themselves along. As for the dissolution of the trust being some sort of gross offence against the fans. Id bet that most think the trust hasnt achieved what it set out to do and has ended up being a fairly useless millstone around the clubs neck. I think most of us would be glad to get a serious and competent owner and relegate the trust back to being a supporters club. Of course it hasnt acheived what it was set up for Jenkins and Pattinson hijacked it a decade ago and planted a few stooges [ try asking the story about the woman who runs the community centre] and since then they havnt challeged the status quo once. And while youre at it look into why they ban people from it just because one of the board members objects to peoples political veiws when they are nothing to with being a member of a football club trust. Do you think wed still be here with Alan Steele running the trust Would we fcuk Jenkins would be long gone and we certainally wouldnt owe 3 million quid to the like of Phillip Day
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Post by bstandbob on Sept 13, 2023 15:18:07 GMT
My personal opinion is that as a club, owners, board, employees, trust members and supporters, we need to do everything reasonably possible to ensure that this takeover goes through. If it doesn't happen now when will it happen? We have had 15 years of stagnation, other clubs have been in similar situations where "outsiders" have came in and they have flourished, we also have clubs behind us ready to overtake us. We have shown over the last 9 months our potential, we will never fulfill that with the owners and the structure that we have in place now.
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Post by blencathra on Sept 13, 2023 15:44:10 GMT
There's much we don't yet know about the proposed American takeover/investment and until the details are revealed it's all speculation. Certainly the mood music is sounding good and the Americans have come across well so far. After years of stagnation it will be incredibly disappointing if this isn't the real deal. The Trust must do it's job properly and thoroughly scrutinise the proposals and then act flexibly to enable this to go through unless a major drawback is revealed.
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Post by ccu on Sept 13, 2023 15:45:21 GMT
Mullen, it is a meeting to meet the potential investors into Carlisle United for Members of CUOSC.
A lot of folk seem to forget that like it or not (And that’s a whole separate Thread/discussion!), CUOSC are a part-owner of the Club, hence why it has been arranged.
There will be, as per the Tweet at the start of this Thread, an introduction by the Chair, some background info from the Holdings Rep, the potential investors will then give a summary of their proposals, which will then be followed by an open Q+A session.
There is no vote planned on anything at the Meeting.
Tickets are going well, Stream details being finalised…
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Post by northernsoul on Sept 13, 2023 16:00:45 GMT
Not this again. Yes, the meeting is so top secret that literally anyone could have joined the trust for a tenner (or £2 if you went the family route) and gone along and asked whatever they wanted. I mean, it's basically North Korea. I'm not the trusts biggest fan, in fact I'm not really a fan at all, but they literally said, please join if you want to come. The only reason anyone won't be there isn't because of a Stasi plot to prevent truth seekers from attending, it's because they couldn't be arsed to pay a few quid and get themselves along. As for the dissolution of the trust being some sort of gross offence against the fans. Id bet that most think the trust hasnt achieved what it set out to do and has ended up being a fairly useless millstone around the clubs neck. I think most of us would be glad to get a serious and competent owner and relegate the trust back to being a supporters club. Well actually youre totally wrong literally anyone couldnt have joined And then the trust board member whos name youre not allowed to mention came on here and catagorically said that the meeting and zoom would be open everyone then Forgot to mention that it wouldnt until the cut off point had passed not exactly the openess and transparency that Unita promised is it ?
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Post by mullen103 on Sept 13, 2023 16:16:18 GMT
Mullen, it is a meeting to meet the potential investors into Carlisle United for Members of CUOSC. A lot of folk seem to forget that like it or not (And that’s a whole separate Thread/discussion!), CUOSC are a part-owner of the Club, hence why it has been arranged. There will be, as per the Tweet at the start of this Thread, an introduction by the Chair, some background info from the Holdings Rep, the potential investors will then give a summary of their proposals, which will then be followed by an open Q+A session. There is no vote planned on anything at the Meeting. Tickets are going well, Stream details being finalised… Thanks - that’s what I imagined. Folk on here/elsewhere seem to suggest otherwise which is why I’d thought I’d ask 😉
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Post by northernsoul on Sept 13, 2023 17:05:51 GMT
But dear SOUL, The biggest barrier on progress for the club at the moment is lack of investment. And, as several big business brains have pointed out, that the biggest barrier on investment is the clubs ownership structure So is it not worth ditching/diluting the trust ownership in order to get progress? Is the safety net of having the trust worth limiting investment? *¥ * Just some questions. Pls don’t send the boys round or slander me online ¥ I am undecided how I would vote should the hypothetical question be posed. So pls don’t send the boys round The need to have 75.1% that a British based investor would want to be able to set off the losses at the football club against the profits at another business doesnt really apply to an overseas investor so the need to get over that figure simply isnt there. And you would certainally have to question the motives of any investor who insisted on that For me you cant or at least shouldnt be asked about the Trust giving up their shares until you know which other shares they would be aquiring and if its 100% of the rest then an agreement for the Trust to dilute in say 5 years once the new owner has proved himself worthy to be the clubs owner isnt unreasonable. But i wouldnt just give them up i would insist that they were purchased at the same price being paid to the other shareholders.Why should a very rich American businessman be given something worth hundreds of thoudsands of pounds that hes quite capable of paying for at the going rate.
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Post by blues86 on Sept 13, 2023 17:57:54 GMT
Soul, we don't know what the plan is for the ownership structure, should a takeover happen. Let's wait and see what ls put forward before deciding it's the worst possible scenario and going berserk.
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Post by northernsoul on Sept 13, 2023 19:02:17 GMT
Soul, we don't know what the plan is for the ownership structure, should a takeover happen. Let's wait and see what ls put forward before deciding it's the worst possible scenario and going berserk. Whos going berserk ? Now weve seen the tweet theres only one way this is going ahead and thats if they buy the current owners shares for enough money for them to pay off the loan. And me thinks theres more chance of me joining the trust
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Post by pigletphoenix on Sept 13, 2023 19:09:51 GMT
You have to have a brain the size of a pea to believe that is "the only way" the takeover will proceed.
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Post by dstander on Sept 13, 2023 20:49:07 GMT
Not this again. Yes, the meeting is so top secret that literally anyone could have joined the trust for a tenner (or £2 if you went the family route) and gone along and asked whatever they wanted. I mean, it's basically North Korea. I'm not the trusts biggest fan, in fact I'm not really a fan at all, but they literally said, please join if you want to come. The only reason anyone won't be there isn't because of a Stasi plot to prevent truth seekers from attending, it's because they couldn't be arsed to pay a few quid and get themselves along. As for the dissolution of the trust being some sort of gross offence against the fans. Id bet that most think the trust hasnt achieved what it set out to do and has ended up being a fairly useless millstone around the clubs neck. I think most of us would be glad to get a serious and competent owner and relegate the trust back to being a supporters club. Well actually youre totally wrong literally anyone couldnt have joined And then the trust board member whos name youre not allowed to mention came on here and catagorically said that the meeting and zoom would be open everyone then Forgot to mention that it wouldnt until the cut off point had passed not exactly the openess and transparency that Unita promised is it ? Correct me if I’m wrong, but did the trust member not come on here and say “the plan was to open the meeting up to everyone”, rather different from categorically saying it was open to everyone?
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Post by dstander on Sept 13, 2023 20:56:16 GMT
Mullen, it is a meeting to meet the potential investors into Carlisle United for Members of CUOSC. A lot of folk seem to forget that like it or not (And that’s a whole separate Thread/discussion!), CUOSC are a part-owner of the Club, hence why it has been arranged. There will be, as per the Tweet at the start of this Thread, an introduction by the Chair, some background info from the Holdings Rep, the potential investors will then give a summary of their proposals, which will then be followed by an open Q+A session. There is no vote planned on anything at the Meeting. Tickets are going well, Stream details being finalised… Is this the sole reason for the meeting CCU, to meet the potential investors? Would it be wrong of me to question the trust members involved in signing off the loan from EWM? The likes of Billy Atkinson seem to have got off pretty lightly considering they signed a loan off with what appears to be few terms and conditions and no repayment plan. It’s borderline negligence to have signed off and agreed to such a deal, which in turn has created a huge problem for the football club.
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Deleted
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Post by Deleted on Sept 13, 2023 21:07:24 GMT
Personal opinion - the members of CUOSC will have done what’s best for the club - or what they thought. They’re all fans if you like them or not.
Going over the loan agreement etc ain’t helping anyone, need to move past this, - we’ve had a number of years to ask these questions and people didn’t attend members meetings etc to ask them.
What we need to be asking is what plan the club has to repay this is a deal can’t be agreed
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reeves9
Richard Prokas
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Post by reeves9 on Sept 13, 2023 21:08:45 GMT
Well actually youre totally wrong literally anyone couldnt have joined And then the trust board member whos name youre not allowed to mention came on here and catagorically said that the meeting and zoom would be open everyone then Forgot to mention that it wouldnt until the cut off point had passed not exactly the openess and transparency that Unita promised is it ? Correct me if I’m wrong, but did the trust member not come on here and say “the plan was to open the meeting up to everyone”, rather different from categorically saying it was open to everyone? Friend at work sent me this today, I think more people may have joined had they not have read or heard this:
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