ToonTastic

Before I ban you you might need to explain ?

We don't know the answer to this yet, NUST havn't asked for any money.

Dividends could go back into the club for me And it's not really dividends is it, it's the 2% interest that your earning from your investment.

Dividends could go back into the club for me

This is my biggest concern. Is there a financial/business plan in place? I suppose you'll require detailed knowledge of the club's finances to answer that so when you have that information, this thing can become a whole lot more serious than it is now because there's no way £80m will be enough. It'll buy the club but what happens after that? Who invests the money for transfers? What happens in the event that the club suffers serious financial losses and has to be sold? Who's the main creditor? What's the voting structure? How long is a 'presidential' term? Will the prez be able to appoint anyone he wants (eg. his younger brother who knows nothing but will sit on the board and collect £100k/year)? There needs to be clear and proper rules in place, almost like a constitution, if you will, for the governance of the club. If NUST don't have this or don't plan on forming them quite soon then this whole idea is ridiculous. All those questions apparently will come clearer over the next 6 weeks as they launch this.

Are you one of us getting excited though ? Just interested.

If I remember correctly the wording on the site is you can donate from £10 upwards so by that phrasing it suggests you don't get a vote unless you put in £1500 min. Unless you do it through a group like has been mentioned for on here.

So you would want your money back after one decsion you didn't agree with went through. Regardless of all other things that might be heading in the right direction. Great. Think he's just giving an example.

Hired

How do other pensionable schemes work ?

As mentioned before if they did go for the Barca model they have to get so many signatures from members asking for the president/chairman to leave. There is then a new election on for the new chairman. To be honest I doubt very much it would be a NUST member in charge, people will want a football man in charge who has a clue what he's doing.

Having done a bundle research and writing on the subject of Ebbsfleet & MyFC I can categorically state that this set up is completely different. People pool money together, vote who gets to run it etc etc. Seems the same tbh (bar voting for who starts and who they should buy). The vote is only really for the chairman and board members though, the chairman makes all decisions on the club unlike ebbsfleet where the people who bought the club decided everything from ticket prices, players bought and sold, manager etc.

it's not

As has been mentioned before they are all held accountable by the board and NUST members so although they may get appointed down to 1 key point they have to have other key points else the club wouldn't progress and they could be voted off early as can be done at Barca. At the end of the day people who will be going for this job will have lots of experience in football you would hope. The likes of David Dein for arguments sake would never offer this, he is well known to want to build up from youth.

£10 isnt laughable. those who want to go down the 1500 route still can, but those who cant, who still want to contribute, could own part of a share. CP, i think getting loads to put in £10 each will be a nightmare as you'd be canvassing too many peoples opinions when it comes to voting. Ideally think it would be much more workable trying to get 30 people off here all investing £50 each. its open to discussion. but and its a big but, the poll facility on here is a ready made way to canvass opinions. Yeah for the one on here it would be pretty easy. All who put money in (whoever collects is open to debate) get access to a section on the board called NUST or whatever. When something has to be decided for NUST like a new chairman, the poll is added to that board and votes are cast, the result of that poll would then be the vote cast by the members of N-O. Simple really. As for the people putting money into NUST I'm not sure how that will work as to people having a say, I'm not sure they would actually get a say or if that vote would just come through NUST somehow.

Think thats why they weren't saying the amount they were raising, were only collecting deposits for now and I'm guessing they simply wouldn't accept the deal and so Ashley would get more hell and no cash.

Man talks sense Not entirely sure, as that would imply that takeover discussions would be taking place on the strength of an £8M escrow account. Ashley made it clear he needed to see the real money previously, so I think it should be clarified whether it's 5% of the pledged amount or 5% of the amount required to make the deal happen. It's from the escrow account Maybe they have £2m in the bank already from one of their investors that gets mentioned as all Ashley wanted to progress with the sale was proof of £10m.

I'm pretty sure anyone stumping up £1500+ would have the £10 subs waived and automatically become a member of the NUST. Or would you want someone on the board who wasn't willing to put up even £1500? If I were voting on board members I'd certainly want them to be materially invested in it. NUST alienated a lot of supporters last season and there's still an element of distrust between them and a lot of fans. I wouldn't have any problem in an independant person or persons being on the board who isn't involved with the Trust. It's how the majority of large company boards are made up in fact. If I remember correctly it was suggested to FFS during audits that the club should have a non member on the board. They got round it somehow By setting up the FLC which was cockless. I wasn't suggesting what they did was a good idea, they just got round it on the audit. The audit had it there for a good reason so NUST should do it.

Surely this is part of the job of the chairman of the club not the job of NUST ? The salaries would therefore come out of the clubs budget as it does now ? I'm sure it will be and I'm sure they would, but it doesn't answer the questions I asked. I'm sure they will be able to answer, you can hardly commence a multi million pound takeover without plans for what happens should the takeover succeed. i agree, like I said seems strange to ask for cash without a business plan. Just not sure we're asking the questions at the correct place. Would be good if NUST could get someone to answer all these questions on all the different sites.

I'm pretty sure anyone stumping up £1500+ would have the £10 subs waived and automatically become a member of the NUST. Or would you want someone on the board who wasn't willing to put up even £1500? If I were voting on board members I'd certainly want them to be materially invested in it. NUST alienated a lot of supporters last season and there's still an element of distrust between them and a lot of fans. I wouldn't have any problem in an independant person or persons being on the board who isn't involved with the Trust. It's how the majority of large company boards are made up in fact. If I remember correctly it was suggested to FFS during audits that the club should have a non member on the board. They got round it somehow

Man talks sense

I do think it would have been better them coming out with a business plan before asking for the cash.

Surely this is part of the job of the chairman of the club not the job of NUST ? The salaries would therefore come out of the clubs budget as it does now ?

Solicitor fees, must be something they have agreed with the solicitor. I assume they will have a larger pot than just £80m to bid from however.

As has been mentioned you say £2500 the site says £1500, which is right ? And where does the 2% return come from ?