KenH wrote:mrpotatohead wrote:If I were in PMG's position I would have sold my half my shares to the existing board , for a token amount, retained 20%, and given tbe remaining 30% to a reponsibly run supporters trust, safeguarding the future of the club and then stepped down from the board, content with the knowledge that I had done the right thing and in 100 years time might be remembered fondly by the towns football fans.
But who puts in the £500k+ per annum, needed to cover the annual losses?
The responsibility for that lies firmly at the feet of the new owners and his financial backers. How they go about that will be interesting to see but it could involve a lot of pain for some and most certainly will see a change in the way our club has been run, which for some will be most welcome.
One thing for sure, any further cut in the players budget will see us struggle to get a competitive team on the field. I just hope that Cala and his backers have done their homework on the finances needed to operate a successful and competitive team even at our level. If they come into this thinking that they can cut the budget then they could be in for an almighty shock.
In hindsight it appears that we've no option other than to go along with Cala and see where it takes us.
Like others I'm far from happy about the outcome but as fans we have no power in our hands to change the situation as it is.
My concern going forward will be their attitude towards the Trust. Will they as at other clubs refuse to sanction a seat on the Board leaving the fans once again in the dark as to what goes on in the inner sanctum of a club....