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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1822693 times)
Peter Frost, Larry (+ 1 Hidden) and 41 Guests are viewing this topic.
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« Reply #29540 on: October 13, 2021, 07:46:55 am »

I wouldn’t because the trust have proved before that they aren’t very good at deciding whether they have given or loaned people money.
After six years the trust are still claiming they are owed £10,000 by the owners but haven’t mentioned why after  six years they have been unable to recoup it for their members.

That level of incompetence would count me out of being involved with anything the trust did that involved them handling large amounts of money.

Explain to your members what actually happened with the £10,000 lent/given to the club.

1) there should have been something in writing regards the transaction and if so there would be no issue whatsoever in claiming it back.
2) after six years of not claiming it back the inference (rightly or wrongly) is that this wasn’t the case which would show a great level of incompetence on the trusts part.

I think it’s a bit of a cheek for the trust to want to get into another financial situation without first explaining to their membership what has happened regards their missing £10,000 from trust funds that they repeatedly mention.

Anyone from the trust like to explain the process of the club gaining £10,000 from trust funds and what measures/safeguards were in place for its return??

I remember going to the Coventry game thinking it could be the last ever as the club was on the brink. There was interest but although the players were being paid by their union, the staff were not and the staff were not exactly well paid. Now I am not sure exactly how it was arranged but the Trust paid the staff out of the 10k to keep them going and at the time I believe the favourites to purchase the club agreed to pay it back if they were successful. This was reported in the press. There certainly wouldn't have been time to draw up a legal document to guarantee in law but who cares? The staff were paid, that is the important thing. The money was never repaid and I imagine the Trust would not have wanted to sue a brand new owner at that time and in any case it would have cost a fair bundle knowing the legal profession.
If you are going to forever resent that organisation for not getting the money back in the circumstances in which it was paid then you need to look in the mirror, have a word with yourself and then sit down, take a deep breath and troll the internet for a new place to live where noone else does.
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