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Post by coopboard on May 19, 2023 16:31:29 GMT
Latest SCFC/ SCSC Minutes.
On Wednesday 3 May the Board of Stockport County Supporters Cooperative met with the Board of Stockport County.
These are the agreed Minutes of that meeting containing details of all the questions asked on behalf of County Supporters by the Supporters Cooperative and the Club`s answers to same.
www.countysupporterscoop.co.uk/scfc-scsc-meeting-docs-2 |
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Post by Waldorf on May 19, 2023 16:46:19 GMT
Perhaps it's just the way it's written but a lot of the responses seem a bit arsey. As in 'know your place, we know best'.
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Post by Nik on May 19, 2023 16:58:39 GMT
Well, I suppose we'd better get used to another season (and beyond) of a sub-par ticketing system!
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Post by coopboard on May 19, 2023 17:04:19 GMT
Perhaps it's just the way it's written but a lot of the responses seem a bit arsey. As in 'know your place, we know best'. Hi Waldorf. Thanks for the response. No, the meeting was held in a very convivial atmosphere . Questions have to be framed in a businesslike manner and we expect the Club to respond similarly and that`s the way it went . We are looking forward to maintaining a good working relationship with the Club that will be to the benefit of Club, its Supporters and the Supporters Cooperative.
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Post by mat1scfc on May 19, 2023 17:04:57 GMT
I probably didn't understand this correctly but that mentions debt to 2 outside company's. One of £3 million and one of £12 million.
Does that mean we're £15 million in debt to those company's?
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Post by Ngard on May 19, 2023 17:14:08 GMT
Dog shit answers and more lies on the clubs corporate structure.
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Post by suedehead on May 19, 2023 17:19:24 GMT
Dog shit answers and more lies on the clubs corporate structure. Bollocks about all games except Orient going on open sale too. Salford both times and Harrogate in the league didn’t reach open sale. |
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Post by Nik on May 19, 2023 17:30:51 GMT
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Post by David Schofield on May 19, 2023 17:31:26 GMT
I probably didn't understand this correctly but that mentions debt to 2 outside company's. One of £3 million and one of £12 million. Does that mean we're £15 million in debt to those company's? You need an Accountant to answer this properly but no we “Stockport County Football Club” don’t currently owe that money but their answer is a bit tricky-knickers - you can transfer the debts to other Companies but if they don’t do anything other than operate Stockport County should the shit hit the fan (again) I am sure the Administrators/Football Creditors would see that as one entity - Bigmartin will know score - it hasn’t gone away yet - this was the fundamental issue at Bury |
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Post by muddywaters on May 20, 2023 6:43:52 GMT
I probably didn't understand this correctly but that mentions debt to 2 outside company's. One of £3 million and one of £12 million. Does that mean we're £15 million in debt to those company's? You need an Accountant to answer this properly but no we “Stockport County Football Club” don’t currently owe that money but their answer is a bit tricky-knickers - you can transfer the debts to other Companies but if they don’t do anything other than operate Stockport County should the shit hit the fan (again) I am sure the Administrators/Football Creditors would see that as one entity - Bigmartin will know score - it hasn’t gone away yet - this was the fundamental issue at Bury The response from the club is totally unacceptable....................yes we are in debt to somebody to the tune of £15M (probably Mark Stott or Vita) and the only assets backing that up are those in the club. I guess that we have got more important things on today.............................but I will be re-visiting this !!!!! |
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Post by muddywaters on May 20, 2023 6:53:03 GMT
Yes quite clear, this legal structure has nothing to do with Vita, it all relates to Mr Stott's private ownership of the club and we as fans need to have the full picture to understand the true financial position. |
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Post by David Schofield on May 20, 2023 8:02:04 GMT
You need an Accountant to answer this properly but no we “Stockport County Football Club” don’t currently owe that money but their answer is a bit tricky-knickers - you can transfer the debts to other Companies but if they don’t do anything other than operate Stockport County should the shit hit the fan (again) I am sure the Administrators/Football Creditors would see that as one entity - Bigmartin will know score - it hasn’t gone away yet - this was the fundamental issue at Bury The response from the club is totally unacceptable....................yes we are in debt to somebody to the tune of £15M (probably Mark Stott or Vita) and the only assets backing that up are those in the club. I guess that we have got more important things on today.............................but I will be re-visiting this !!!!! Like you said, more pressing matters today, but as soon as this season ends (and another £?M losses are announced)… |
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Post by timberwolf on May 20, 2023 8:28:05 GMT
Yes quite clear, this legal structure has nothing to do with Vita, it all relates to Mr Stott's private ownership of the club and we as fans need to have the full picture to understand the true financial position. In this day and age to understand your club and the game i feel you would be better taking accountancy exams, understanding business speak rather than taking your coaching badges. Seems so many words spoken and so few answers for me. |
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Post by muddywaters on May 20, 2023 9:46:26 GMT
Yes quite clear, this legal structure has nothing to do with Vita, it all relates to Mr Stott's private ownership of the club and we as fans need to have the full picture to understand the true financial position. In this day and age to understand your club and the game i feel you would be better taking accountancy exams, understanding business speak rather than taking your coaching badges. Seems so many words spoken and so few answers for me. The financial structure can and should be quite simple but for various reasons (one being transparency) owners of football clubs make them as complicated as possible....... |
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Post by David Schofield on May 20, 2023 9:51:07 GMT
Yes quite clear, this legal structure has nothing to do with Vita, it all relates to Mr Stott's private ownership of the club and we as fans need to have the full picture to understand the true financial position. In this day and age to understand your club and the game i feel you would be better taking accountancy exams, understanding business speak rather than taking your coaching badges. Seems so many words spoken and so few answers for me. Top and bottom of it is we have amassed losses of £15-20M and own precisely nothing - I love the ambition and can’t fault the quality of improvements they have made to the stadium and training ground - I have no doubt they will continue in that vein - but we cannot operate in such a financially precarious way with or without Mark Stott - I’d like to say we’ve been here before but we haven’t - the £6.7M debt left us an hour away from liquidation - this goes wrong now and we are gonners |
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