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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 1254069 times)
Bob's Orange
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« Reply #11550 on: Tuesday, March 5, 2024, 10:46:51 »

The first "new" Trust Board meeting is tomorrow evening
We're aiming for a single email to confirm AGM details and what the new board looks like.

I'm not getting defensive, YOU'RE getting defensive Cheesy

What will come first - Trust correspondence or STFC filing our accounts? Smiley
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
Bennett
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« Reply #11551 on: Tuesday, March 5, 2024, 11:37:43 »

That's an even easier response - no comment Smiley
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This is the water.
And this is the well.
Drink full and descend.
The horse is the white of the eyes and dark within.
Batch
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« Reply #11552 on: Tuesday, March 5, 2024, 12:10:41 »

Quote from: bennett
We're aiming for a single email to confirm AGM details and what the new board looks like.


one meeting in and they're already sending people unsolicited pictures
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Bennett
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« Reply #11553 on: Tuesday, March 5, 2024, 12:15:34 »

You're fooling no-one batch
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This is the water.
And this is the well.
Drink full and descend.
The horse is the white of the eyes and dark within.
Frigby Daser

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« Reply #11554 on: Tuesday, March 5, 2024, 12:34:09 »

The Trust seem like they're damned if they do, damned if they don't at the minute. Go public with anything they know (if there are any real skeletons/unpaid bills etc) and that grenades the 'working' relationship with their stadium JV co-owner. However, if they're seen to be 'keeping quiet' by some fans, they're suddenly complicit in everything. Tough tightrope to walk for them.

This is a very pertinent point. If the Trust became militant against the Board, you could very quickly see JV payments dry up. The existence of the JV could be used to mute them. From a Morfuni/Austin/Hart/Kiely perspective, I suspect this is a case of keep your friends close, and your potential Trust-enemies even closer.
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RobertT

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« Reply #11555 on: Tuesday, March 5, 2024, 12:47:30 »

The JV payments would barely keep keep a small sweet shop open.  Talking of which, we haven't still got one of those have we?  Known for money laundering those things.

If the club stopped paying the JV, it would hardly bankrupt the Trust, but would likely see the clubs ownership put at risk I would have thought.  For all the things they'd be wise to not fuck up, that would be the primary one.
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« Reply #11556 on: Tuesday, March 5, 2024, 12:53:26 »

If the club stopped paying the JV, it would hardly bankrupt the Trust

Surely the JV is separate accounting wise from the Trust? The half going into the JV was being returned to the club anyway wasn't it?

I think that is a formalised agreement though, voted on by members and the club. One assumes if they are taking the whatsit the Trust half of the JV could put that vote into deadlock next time (next year).
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ChalkyWhiteIsGod
TOLD YOU SO

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« Reply #11557 on: Tuesday, March 5, 2024, 13:04:39 »

Highly unlikely I know, but could the delay in releasing the accounts be because of potential takeover interest and interested parties perusing said books?

It's more likely to be incompetence/admin error, but humour me anyway!

I'm constantly looking for any shred of evidence of the club being sold as slight bit of positivity to cling on to but even I didn't imagine that.

'admin error'/total incompetence. 100%.
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ChalkyWhiteIsGod
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« Reply #11558 on: Tuesday, March 5, 2024, 13:17:36 »

The JV payments would barely keep keep a small sweet shop open.  Talking of which, we haven't still got one of those have we?  Known for money laundering those things.

Surprised we haven't opened up a car wash.
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RobertT

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« Reply #11559 on: Tuesday, March 5, 2024, 13:42:13 »

Surprised we haven't opened up a car wash.

Oooh, an onsite competition.  The other lot can do the Merc's and we do BMW's?  Zav probably knows some people with lots of experience in the field.
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RobertT

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« Reply #11560 on: Tuesday, March 5, 2024, 13:43:26 »

And now that I type that, I wonder if we are so irritated by a bit of spare space being leased to someone for car washing because we don't get our cut of the proceeds.
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The Artist Formerly Known as Audrey

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« Reply #11561 on: Tuesday, March 5, 2024, 13:51:03 »

Wtf is the car wash all about?
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RobertT

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« Reply #11562 on: Tuesday, March 5, 2024, 14:07:57 »

Wtf is the car wash all about?

It's what the club was getting all irritated by - Power leased a small bit of land to someone to run a car wash from.  The club reneged on the lease when Clem took over (not sure why, they never said) and now the leaseholder is claiming loss of earnings.

On the theme, car washes are notorious for..........

Which was a follow-up to my sweet shop analogy:

https://www.standard.co.uk/lifestyle/oxford-street-candy-shop-investigation-b1082733.html
« Last Edit: Tuesday, March 5, 2024, 14:10:53 by RobertT » Logged
The Artist Formerly Known as Audrey

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« Reply #11563 on: Tuesday, March 5, 2024, 14:13:05 »

Oh, I watched Breaking Bad!

Surprised they haven’t expanded into Turkish barber shops.
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RobertT

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« Reply #11564 on: Tuesday, March 5, 2024, 14:13:18 »

Maybe Zav was just irritated he hadn't thought of it, Karachi Clean!

https://www.theguardian.com/world/2018/jul/16/true-human-cost-5-pound-hand-car-wash-modern-slavery
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