Cherries: Mitchell defends dedication scheme (From Bournemouth Echo)
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Cherries: Mitchell defends dedication scheme
7:00am Tuesday 9th March 2010 in
CHAIRMAN Eddie Mitchell last night defended the controversial new idea aimed at wiping out Cherries’ debt mountain.
Mitchell backed the AFC Bournemouth Dedication Scheme – which officially launches today – after its weekend unveiling prompted a mixed response from supporters.
The initiative is one of a series of upcoming projects aimed at putting the Dean Court outfit on a firmer footing as they bid to eat into a crippling debt of more than £800,000.
Having already generated a number of pledges totalling around £1,000, the scheme asks for fans to donate money towards clearing the club’s outstanding liabilities of £846,924 and, should those debts be cleared, donors could be in line for a possible cash return if and when Cherries sell assets.
On hearing about the proposal, some fans responded by calling for further investment from the board. But Mitchell reiterated his firm stance that Cherries cannot rely on individual funding.
When informed about the criticism from some quarters, he told the Echo: “I put in what needed to be put in to keep the club afloat – now we’re trying to get on our feet.
“I work at the club half of the working week – that’s (worth) a lot of money. I’m working half the night thinking about things. I’m not charging the club for my time and other people are there at my expense.
“I think people realise the club has got a much better feel about it now than this time last season and people can see inroads are being made.
“We just want everybody to join in. This scheme was suggested by the supporters, I’ve carried it through and let’s hope we can all join in.
“We’re hoping to come up with another scheme by the end of the week, which should be quite interesting.
“But this is the most straightforward one and one which could help give us the funds to get rid of the debt.”
Mitchell added: “If we get these debts wiped out, I won’t let the club go back into debt. We’ll pay with what we’ve got and that’s it.”
The need to raise funds became even more critical after the club was issued with another winding-up petition from HM Revenue and Customs last month. Cherries are set for a court hearing on March 31 over a £314,000 debt to the tax man.
Cherries’ advance season ticket offer expires today and the club revealed that a further 50 people had purchased in the past 24 hours. Prior to February 25, the scheme had raised around £300,000.
Further information on the dedication scheme can be obtained from the Dean Court club shop.
Comments(116)
northstandregular
says...
7:26am Tue 9 Mar 10
gbzpto
says...
7:46am Tue 9 Mar 10
northstandregular wrote:Why do people think AFCB (or any other club for that matter) is a good investment . I can not remember a time when the club has not been struggling financially and I have been watching them for a long time
Another half baked, ill-thought out scheme that ultimately gets the fans to pay for the privilige of Mitchells involvement. When he bought AFCB he knew the debt level so therefore the debts are his. He also knew the terms of the embargo and again knew what it would take to lift it so none of this is news. All this is is yet more emotional blackmail by pulling at the heart strings of fans in an attempt to get money out of them instead of investing his own.. The reason he got the club for nothing was because of the debts, so presumably if he paid the debt off he'd be sat on a good potential investment for anyone, that's why he should sort it out. And for those stupid enough to invest the good news is "donors could be in line for a possible cash return if and when Cherries sell assets." If and when, we've heard that before haven't we? Oh yes, that's right, it was when he told us he'll worry about the summer if and when we make it to the summer, which was about a week after he said the season ticket money was to get the embargo lifted, knowing full well HMRC hadn't been paid yet again. If and when I don't think I'm being asked to subsidise someone elses personal investment decisions i'll consider a donation.
elvispresleysking
says...
7:56am Tue 9 Mar 10
Hello????? EM - YOU OWN the club, why would you charge it for your time? I don't think Mohammed Fayed charges Harrods for his time do you?
And as for others there at your expense, does that mean your paying for Neil Blake, you son-in-law to work for AFCB? no, didn't think so.
This is, as so rightly pointed out, is a scheme for EM to get the fans to pay off the debt, with no guaranteed return, and have a club debt-free but not cost him a penny. Nice work if you can get it!
Mitchell added: “If we get these debts wiped out, I won’t let the club go back into debt. We’ll pay with what we’ve got and that’s it.” - And how are you going to guarantee this? You can't get the figures to add up now and there is no way you can continue to trade without racking up more debts based on the gate receipts alone given that you've already spent most of the summers income already!
nonnogeppetto
says...
7:58am Tue 9 Mar 10
contric
says...
8:15am Tue 9 Mar 10
oh mr meldrew
says...
8:16am Tue 9 Mar 10
horsted
says...
8:25am Tue 9 Mar 10
wookj1
says...
8:30am Tue 9 Mar 10
Something feels not quite right with this......the supporters dig deep and pay off the debt.
Eddie Mitchell then owns a debt free club for very little personal investment of his own. The club would then be worth so much more as an investment vehicle for another buyer, and who would benefit financialyy from this?
If this is going to work the fans need to be given a substantial stake in the club, and a voice on the board.
dc addict
says...
8:33am Tue 9 Mar 10
nonnogeppetto wrote:I admire your approach Nonno but the other side of the argument will not go away.
We all (I think!!) woke up to beautiful sunshine this morning but I guess there will be those who will say it won’t last! At least FORTYCAT makes some positive suggestions. As ever there the guns are at the ready and shoot down whatever EM puts forward regardless of its merit. I agree a more constructive dialogue with the view to refine what is being proposed is the way forward. However for those who have no intention of entertaining anything other than the removal of EM just go and take a cold shower because nothing will please you.
If we all forked out our little bit and the club escaped from the embargo in the Summer, EM and more to the point, his fellow directors, will be sitting on a debt free club worth some money. Then our friend Jeff Mostyn will demand his money back and we'll be back to square one.
I honestly don't know which way to go on this. If the Board, collectively, were prepared to kick in proportionately, not necessarily equally, and all the monies raised were to go into a trust, more of the current doubters would be won over.
As it is, there are so many reasons to be negative, even if you believe EM is sincere. Remember, we have been lied to so many times over the years and that includes EM, saying the S/T money would go to pay off the embargo debts.
Sometimes, in my daydreams, I imagine that EM has some new investor lined up who requires the debts reducing drasically before he steps in. Unlikely but not impossible.
psal
says...
8:38am Tue 9 Mar 10
Wake up Mr Mitchell. Nobody who takes on a new business gets paid and no doubt they also spend half the night thinking about how to make things work. What makes you so different. You come up with these ideas, such as buying next seasons tickets early, but backtrack on what you said the money would be used for. The taxman should have been paid, no if's and but's. You and you alone decided in your wisdom to ignore this debt and spend the money elsewhere instead and the result of this is a possible winding up of the club. Eddie Howe and the players have worked wonders and deserves all the credit they recieve, and now, if the money is not paid by the end of the month the minimum punishment will be points deducted. This I have to say will be due to your mis-management of the finances. There are three other directors on the board who do nothing and contribute nothing. If you want the fans to part with their hard earned money when none of you four will then offer the fans something in return for that money. Hand over the other 50% shares to the people who after all will be the one's who are actually buying the club. I can see you are not going to budge, you and the other three will stick to your guns regards not putting any money in. Well in my opinion by doing this you may possibly just sealed the fate of the club and you should all be ashamed of yourselves.
cherrychris75
says...
8:38am Tue 9 Mar 10
He obviously isnt liked but where would we be without him coming in? Would we have a club to support and be excited about? No.
I cant stand Robbie Savage, he cheated us while playing for Crewe years and years ago in the Barry Knight refereeing debacle. But if he was a Bournemouth player (he wouldnt get in the team), but if he was I would support him too.
Thats the thing, EM is doing his best for the club and sticking to his original statement. If you dont support him then keep quiet, who knows in the Summer we may be a better prospect for investors. But those potential investors who are currently doing their homework will look on here and think why bother?
wookj1
says...
8:45am Tue 9 Mar 10
This would give regular supporters who don't have season tickets the chance to guarantee their places for the remaining games and play-offs, if needed.
It is not difficult to imagine 12000 supporters coming out of the woodwork for the last two home games, and regulars not getting a look in.
The year Exeter went into the conference despite an average home gate of 2900 that season, 13000 turned up for the last home game and thousands were locked outside.
Square Old Codger
says...
8:53am Tue 9 Mar 10
Square Old Codger
says...
8:57am Tue 9 Mar 10
wookj1 wrote:That's in place, several friends of mine got tickets for the remaining games last week and got a 10% discount as well.
What about an advance discounted ticket offer to block cover the remaining home games? This would give regular supporters who don't have season tickets the chance to guarantee their places for the remaining games and play-offs, if needed. It is not difficult to imagine 12000 supporters coming out of the woodwork for the last two home games, and regulars not getting a look in. The year Exeter went into the conference despite an average home gate of 2900 that season, 13000 turned up for the last home game and thousands were locked outside.
Square Old Codger
says...
8:57am Tue 9 Mar 10
wookj1 wrote:That's in place, several friends of mine got tickets for the remaining games last week and got a 10% discount as well.
What about an advance discounted ticket offer to block cover the remaining home games? This would give regular supporters who don't have season tickets the chance to guarantee their places for the remaining games and play-offs, if needed. It is not difficult to imagine 12000 supporters coming out of the woodwork for the last two home games, and regulars not getting a look in. The year Exeter went into the conference despite an average home gate of 2900 that season, 13000 turned up for the last home game and thousands were locked outside.
wookj1
says...
9:03am Tue 9 Mar 10
Square Old Codger wrote:Good sensible post SOC. Thank you.
I don't see why so many are getting heated, no one is forcing you to make a donatation towards the Club's survival. Those who can afford to and want to will, the rest won't. End of story.
Monsieur Cherry
says...
9:12am Tue 9 Mar 10
Normally the club sells to survive. There will be no pay back on this.
This is how easy the scheme can be worked for any sucker who coughs up.
You loan the club some money, 800K might be raised.
Mitchell bangs the club into Admin..you get 1p in the pound!
There's your divvy fellow supporters!
AFCB1970
says...
9:16am Tue 9 Mar 10
im so sick of reading comments on here slagging off the board and its ideas to get this club running right,if any of you can do any better.step up now or shut up.
this is our club back it 100%
nonnogeppetto
says...
9:19am Tue 9 Mar 10
dc addict wrote:DC I agree with your idea of the board matching what we might! put in. I have been saying that for a long time in fact I said that if the board matched the money raised by those of us who bought our season ticket early, it would have made us more willing to help and maybe convince one or two others. I don't know the ins and outs of Mostyn etc therefore I am not going to agree or disagree about the obstacle he poses but if indeed that is the case than he would be morally bound to put the club first and not his interests (I know that is easy to say and less easy to do!). However we all know that the status squo is not an option.
nonnogeppetto wrote:I admire your approach Nonno but the other side of the argument will not go away.
We all (I think!!) woke up to beautiful sunshine this morning but I guess there will be those who will say it won’t last! At least FORTYCAT makes some positive suggestions. As ever there the guns are at the ready and shoot down whatever EM puts forward regardless of its merit. I agree a more constructive dialogue with the view to refine what is being proposed is the way forward. However for those who have no intention of entertaining anything other than the removal of EM just go and take a cold shower because nothing will please you.
If we all forked out our little bit and the club escaped from the embargo in the Summer, EM and more to the point, his fellow directors, will be sitting on a debt free club worth some money. Then our friend Jeff Mostyn will demand his money back and we'll be back to square one.
I honestly don't know which way to go on this. If the Board, collectively, were prepared to kick in proportionately, not necessarily equally, and all the monies raised were to go into a trust, more of the current doubters would be won over.
As it is, there are so many reasons to be negative, even if you believe EM is sincere. Remember, we have been lied to so many times over the years and that includes EM, saying the S/T money would go to pay off the embargo debts.
Sometimes, in my daydreams, I imagine that EM has some new investor lined up who requires the debts reducing drasically before he steps in. Unlikely but not impossible.
cherrychris75
says...
9:25am Tue 9 Mar 10
Rochdale - 12 games to go. 5 of them against teams in top 8
Chesterfield - 12 games to go. 3 against teams in top 8.
Clownty - 14 games to go. 7 of them against teams in top 8.
Bury- 12 games to go 3 against teams in top 8
Rotherham 13 games to go. 3 against teams in top 8
Shrewsbury 11 games to go. 3 against teams in top 8
Northampton - 11 games to go 5 against teams in top 8
Cherries - 11 to go. All 3 away to teams in top 8.
With all these playing each other and that doesnt include Aldershot, Daggers and the new rejuvenated Bradford there will be a lot of points dropped which can only help us as we are in the box seat. I am confident we will be in the mix come May.
I know this post has nothing to do with the finances, but i'm fed up of people on here slagging off the club I support and pretending they're fellow supporters, just wanted to change the subject a bit before the usual suspects join in the attack EM party.
cherry exile
says...
9:27am Tue 9 Mar 10
1. exisitng board members match each donation pound for pound
2. Funds held by independent trustees.
3. Full transparancy
You took control with M&S with full knowledge of what you were taking over. This scheme is getting the fans to buy the club for you and the current board, if the current board are so committed then why wont they match the donations pound for pound, after all there has been very little new investment since you took control, and M&S have secured their existing debt.
I fully support any scheme that will help secure football in Bournemouth, but this scheme is floored, and there is no guarantees that the money donated will secure the long term future the fans are being asked to take a gamble, and to buy into the current board, that they will run the club well in the future...........but havnt M&S been actively involved in the last three seasons, which led to adminsitration, and the legacy of Sport 6, hardly a good track record, and now the fans are being asked to provide the funds for the the same people to have yet another go at running the club, sorry that is high risk strategy.
I fully support a fund, but in my opinion it should not be under the conrtol of the board, it has to have independent trustees, with the fans having having a say in how the club is run.
This is being driven to a point where the fans will be in a corner having to make a decision on emotion, I was always taught to stand back and get a clear view before making a decision, I would suggest that the fans need to do that with this scheme, on the positive if EM and his colleagues match each donation pound for pound and appoint independent trustees then the scheme will get my backing
jamyjames
says...
9:28am Tue 9 Mar 10
Being a Chairman is not at all cool when you act like a charity mugger. Same end game, we give whilst they gain a salable business.
Brock_and_Roll
says...
9:29am Tue 9 Mar 10
Are potential "investors" being offered any security?
The only assets that the club has are a couple of players. Given that even in the unlikely event that we clear all the legacy debt now, as we have spent a large chunk of next years season tickets, the club will be hugely cash flow negative as soon as the season ends. Players will almost certainly have to be sold and I would be very doubtful if there were anything left in the pot after this. And of course if the club folds or enters administration, the money is lost anyway. Was EM's additional investment in the form of a "loan"? - it looks like we are being asked to protect his cash as well as the club.
I can understand appeals for donations, but where are the full details of this scheme? Until then I will give it a very wide berth indeed!
oh mr meldrew
says...
9:42am Tue 9 Mar 10
psal wrote:yawn !!! the doom and gloom merchants are out in force early today, if it wasnt for the three other directors and mr mitchell you would not have anything to moan about because you wouldnt have a club to support
“I work at the club half of the working week – that’s (worth) a lot of money. I’m working half the night thinking about things. I’m not charging the club for my time and other people are there at my expense. Wake up Mr Mitchell. Nobody who takes on a new business gets paid and no doubt they also spend half the night thinking about how to make things work. What makes you so different. You come up with these ideas, such as buying next seasons tickets early, but backtrack on what you said the money would be used for. The taxman should have been paid, no if's and but's. You and you alone decided in your wisdom to ignore this debt and spend the money elsewhere instead and the result of this is a possible winding up of the club. Eddie Howe and the players have worked wonders and deserves all the credit they recieve, and now, if the money is not paid by the end of the month the minimum punishment will be points deducted. This I have to say will be due to your mis-management of the finances. There are three other directors on the board who do nothing and contribute nothing. If you want the fans to part with their hard earned money when none of you four will then offer the fans something in return for that money. Hand over the other 50% shares to the people who after all will be the one's who are actually buying the club. I can see you are not going to budge, you and the other three will stick to your guns regards not putting any money in. Well in my opinion by doing this you may possibly just sealed the fate of the club and you should all be ashamed of yourselves.
molbol
says...
9:45am Tue 9 Mar 10
Brock_and_Roll wrote:Eddie Mitchell spending other peoples money - That's a bit rich coming from a banker Brock. LOL
As a banker myself the devil is in the detail of any such schemes that promise a potential return on an investment (and there are a minefield of legalities involved) Are potential "investors" being offered any security? The only assets that the club has are a couple of players. Given that even in the unlikely event that we clear all the legacy debt now, as we have spent a large chunk of next years season tickets, the club will be hugely cash flow negative as soon as the season ends. Players will almost certainly have to be sold and I would be very doubtful if there were anything left in the pot after this. And of course if the club folds or enters administration, the money is lost anyway. Was EM's additional investment in the form of a "loan"? - it looks like we are being asked to protect his cash as well as the club. I can understand appeals for donations, but where are the full details of this scheme? Until then I will give it a very wide berth indeed!
oh mr meldrew
says...
9:53am Tue 9 Mar 10
AFCB1970 wrote:couldnt put it better myself well said
please please please all you morons that continue to slag of e.m sling your hooks and go follow saints.he is doing a good job,and the feel good factor is returning to this club.we all need to be supporting the club at this time on and off the pitch. im so sick of reading comments on here slagging off the board and its ideas to get this club running right,if any of you can do any better.step up now or shut up. this is our club back it 100%
cherry exile
says...
9:58am Tue 9 Mar 10
Remember they took control with full knowledge of the financial affairs, have increased the staff overheads, and have failed to meet the terms of the embargo. Im not knocking EM good luck to him, may be he will run the club in the right manner, but he has baggage in the boardroom if was to address that issue maybe his scheme would have more credibility,a nd support.
We all want the club to survive it is just a simple question of ensuring that any money donated is used for the best interests of the club
High Treason
says...
10:03am Tue 9 Mar 10
fartycat wrote:"Why not simply let fans buy shares in the club or go use the Supporters Trust to buy shares?"
Sorry Eddie but it's an ill thought out scheme concieved without any consultation with the fans. . Anything to do with dividends (ie getting a return on an investment) at a football club is always bound to lose - historically those who invest will never recieve anything back. . Why not simply let fans buy shares in the club or go use the Supporters Trust to buy shares? That's how fan investment at most other clubs in the UK happens, why does Eddie think that AFCB is any different?
Because Eddie Mitchell want's to be in charge of it all. Don't forget his past history as a property developer but running a football club is alot different and I believe he doesen't have the skills to do it.
dc addict
says...
10:06am Tue 9 Mar 10
oh mr meldrew wrote:That, Mr Meldrew, is actually not true.
psal wrote: “I work at the club half of the working week – that’s (worth) a lot of money. I’m working half the night thinking about things. I’m not charging the club for my time and other people are there at my expense. Wake up Mr Mitchell. Nobody who takes on a new business gets paid and no doubt they also spend half the night thinking about how to make things work. What makes you so different. You come up with these ideas, such as buying next seasons tickets early, but backtrack on what you said the money would be used for. The taxman should have been paid, no if's and but's. You and you alone decided in your wisdom to ignore this debt and spend the money elsewhere instead and the result of this is a possible winding up of the club. Eddie Howe and the players have worked wonders and deserves all the credit they recieve, and now, if the money is not paid by the end of the month the minimum punishment will be points deducted. This I have to say will be due to your mis-management of the finances. There are three other directors on the board who do nothing and contribute nothing. If you want the fans to part with their hard earned money when none of you four will then offer the fans something in return for that money. Hand over the other 50% shares to the people who after all will be the one's who are actually buying the club. I can see you are not going to budge, you and the other three will stick to your guns regards not putting any money in. Well in my opinion by doing this you may possibly just sealed the fate of the club and you should all be ashamed of yourselves.yawn !!! the doom and gloom merchants are out in force early today, if it wasnt for the three other directors and mr mitchell you would not have anything to moan about because you wouldnt have a club to support
If the limit of your thoughts is the vaccuous effort above, then why bother. Yawn !!!!
molbol
says...
10:06am Tue 9 Mar 10
Of course any fan is entitled to an opinion but, reading between the lines, i'm really beginning to question the motives of these posters behind it.
Normally i come on here trying to defend the set up (because i love the club) but there seems of late to be some serious accusations by some about EM's motives which in my eyes will only serve to destabilise the club still further.
My experience of true supporters of small clubs is that they will do whatever it takes to follow their team. No amount of adversity or hardship will turn them away from their fix of what they truly love.
As said above some of the posters just seem to be convinced that the club is going to fail; the end is nigh etc. etc.
My take on this is that these people don't follow the club like your mainstream supporter. Your 'diehard' will always want to grasp any positive they can find as they go along in life because following the Cherries is all that matters. My point being is that some of the posts on here are tending to read like they are a bit more orchestrated than a fan just sounding off about the club - as though they have a hidden agenda in mind??
Things may not be perfect but we are still here fighting on all fronts and whether there is a conspiracy building in some quarters to try and destroy the club for their own ends, i for one will always support the club no matter who is at the helm. If these people can do better than EM then i suggest they come out publicly and put up or shut up because what we have is what we have until someone else takes it on. What remains either way is that i still want to dream the dream like all true footy fans that one day everything will be fine and dandy and at this moment my dream is being led by both the Eddies.
UP THE CHERRIES!!
Brock_and_Roll
says...
10:13am Tue 9 Mar 10
molbol wrote:Very good!
Brock_and_Roll wrote: As a banker myself the devil is in the detail of any such schemes that promise a potential return on an investment (and there are a minefield of legalities involved) Are potential "investors" being offered any security? The only assets that the club has are a couple of players. Given that even in the unlikely event that we clear all the legacy debt now, as we have spent a large chunk of next years season tickets, the club will be hugely cash flow negative as soon as the season ends. Players will almost certainly have to be sold and I would be very doubtful if there were anything left in the pot after this. And of course if the club folds or enters administration, the money is lost anyway. Was EM's additional investment in the form of a "loan"? - it looks like we are being asked to protect his cash as well as the club. I can understand appeals for donations, but where are the full details of this scheme? Until then I will give it a very wide berth indeed!Eddie Mitchell spending other peoples money - That's a bit rich coming from a banker Brock. LOL
As it happens I am very much "old school" and have spent my entire career providing finance for industrial investments here in the UK - boring but necessary! I am as digusted as the next man about some of the antics of certain sectors of the industry.
Of course AFCB is a basket case as an investment - no one is ever going to make a decent return from the club especially now we are mere tennants.
What surpises me is EM - whatever you think of him, he is no mug. He seems to have gotten himself into a situation where he cant win - is damned if he does and damned if he doesnt. If he has some cunning plan, I have not figured it yet!
Brock_and_Roll
says...
10:13am Tue 9 Mar 10
molbol wrote:Very good!
Brock_and_Roll wrote: As a banker myself the devil is in the detail of any such schemes that promise a potential return on an investment (and there are a minefield of legalities involved) Are potential "investors" being offered any security? The only assets that the club has are a couple of players. Given that even in the unlikely event that we clear all the legacy debt now, as we have spent a large chunk of next years season tickets, the club will be hugely cash flow negative as soon as the season ends. Players will almost certainly have to be sold and I would be very doubtful if there were anything left in the pot after this. And of course if the club folds or enters administration, the money is lost anyway. Was EM's additional investment in the form of a "loan"? - it looks like we are being asked to protect his cash as well as the club. I can understand appeals for donations, but where are the full details of this scheme? Until then I will give it a very wide berth indeed!Eddie Mitchell spending other peoples money - That's a bit rich coming from a banker Brock. LOL
As it happens I am very much "old school" and have spent my entire career providing finance for industrial investments here in the UK - boring but necessary! I am as digusted as the next man about some of the antics of certain sectors of the industry.
Of course AFCB is a basket case as an investment - no one is ever going to make a decent return from the club especially now we are mere tennants.
What surpises me is EM - whatever you think of him, he is no mug. He seems to have gotten himself into a situation where he cant win - is damned if he does and damned if he doesnt. If he has some cunning plan, I have not figured it yet!
molbol
says...
10:22am Tue 9 Mar 10
Brock_and_Roll wrote:I was only kidding Brock; i appreciate that a small minority are responsible for the big mess we find ourselves in, not helped by this joke of a government.
molbol wrote:Very good! As it happens I am very much "old school" and have spent my entire career providing finance for industrial investments here in the UK - boring but necessary! I am as digusted as the next man about some of the antics of certain sectors of the industry. Of course AFCB is a basket case as an investment - no one is ever going to make a decent return from the club especially now we are mere tennants. What surpises me is EM - whatever you think of him, he is no mug. He seems to have gotten himself into a situation where he cant win - is damned if he does and damned if he doesnt. If he has some cunning plan, I have not figured it yet!Brock_and_Roll wrote: As a banker myself the devil is in the detail of any such schemes that promise a potential return on an investment (and there are a minefield of legalities involved) Are potential "investors" being offered any security? The only assets that the club has are a couple of players. Given that even in the unlikely event that we clear all the legacy debt now, as we have spent a large chunk of next years season tickets, the club will be hugely cash flow negative as soon as the season ends. Players will almost certainly have to be sold and I would be very doubtful if there were anything left in the pot after this. And of course if the club folds or enters administration, the money is lost anyway. Was EM's additional investment in the form of a "loan"? - it looks like we are being asked to protect his cash as well as the club. I can understand appeals for donations, but where are the full details of this scheme? Until then I will give it a very wide berth indeed!Eddie Mitchell spending other peoples money - That's a bit rich coming from a banker Brock. LOL
Anyway, having spoken with people who are close to EM, destruction of the club is the last thing on his agenda. He has a business plan that involves development the of a South Stand followed by an upgrade of the rest. He has surveyors and architects working on the plans now. Would he waste that money on things of this nature if he wanted the club to go bust?
People on here wonder how we will survive through the summer if we have spent some of the normal revenue already. I think it's obvious really. Player(s) will be sold, end of. We are a selling club, always have been and for at least the foreseeable future will continue to be.
devon exile
says...
10:43am Tue 9 Mar 10
oh mr meldrew
says...
10:54am Tue 9 Mar 10
dc addict wrote:dc addict please tell me what is true then, the way i see it is mr mitchell trying to get things in order and certain so called supporters having a dig no matter what, your team is second in the league, you have a very good young manager, if mr mitchell and his so called cronies didnt take over the club when they did you wouldnt have a club, i think there are a lot of lower league football clubs who would love to be in your position, i think the future looks a lot brighter for your club than a year ago, so to all the doubters stop slagging off people trying to save your club and support them
oh mr meldrew wrote:That, Mr Meldrew, is actually not true. If the limit of your thoughts is the vaccuous effort above, then why bother. Yawn !!!!psal wrote: “I work at the club half of the working week – that’s (worth) a lot of money. I’m working half the night thinking about things. I’m not charging the club for my time and other people are there at my expense. Wake up Mr Mitchell. Nobody who takes on a new business gets paid and no doubt they also spend half the night thinking about how to make things work. What makes you so different. You come up with these ideas, such as buying next seasons tickets early, but backtrack on what you said the money would be used for. The taxman should have been paid, no if's and but's. You and you alone decided in your wisdom to ignore this debt and spend the money elsewhere instead and the result of this is a possible winding up of the club. Eddie Howe and the players have worked wonders and deserves all the credit they recieve, and now, if the money is not paid by the end of the month the minimum punishment will be points deducted. This I have to say will be due to your mis-management of the finances. There are three other directors on the board who do nothing and contribute nothing. If you want the fans to part with their hard earned money when none of you four will then offer the fans something in return for that money. Hand over the other 50% shares to the people who after all will be the one's who are actually buying the club. I can see you are not going to budge, you and the other three will stick to your guns regards not putting any money in. Well in my opinion by doing this you may possibly just sealed the fate of the club and you should all be ashamed of yourselves.yawn !!! the doom and gloom merchants are out in force early today, if it wasnt for the three other directors and mr mitchell you would not have anything to moan about because you wouldnt have a club to support
All Seeing Eye
says...
10:54am Tue 9 Mar 10
That is why the board are keeping their hands in their pockets and letting the fools spend their hard earned money to pay the debt which is the board’s debt.
It is the Boards' debt as the Board knew exactly what they were buying into as they got their lawyers to do "Due Diligence" so anyone with any sense will keep their hands firmly in their pockets just like the board are doing.
If it was a viable proposition don't you think the board would pay and then recoup the alleged profits in times to come?
A FOOL AND HIS MONEY ARE SOON PARTED
Just remember the Winter Gardens fiasco!!!!
Bournemouth person
says...
11:10am Tue 9 Mar 10
nonnogeppetto
says...
11:11am Tue 9 Mar 10
All Seeing Eye wrote:Say that phrase once more and you too will start to believe it! The posts on here were getting to the core of the matter but (yes you are entitled to your opinion) but my suggestion to those who have no intention to donate/give/buy etc please leave us to do as we wish. If we want to be fools than it is our choice and we will live with it good or bad but I am getting a bit fed up with those who will not accept anything but the 'end it all now' approach.
A FOOL AND HIS MONEY ARE SOON PARTED!!!
That is why the board are keeping their hands in their pockets and letting the fools spend their hard earned money to pay the debt which is the board’s debt.
It is the Boards' debt as the Board knew exactly what they were buying into as they got their lawyers to do "Due Diligence" so anyone with any sense will keep their hands firmly in their pockets just like the board are doing.
If it was a viable proposition don't you think the board would pay and then recoup the alleged profits in times to come?
A FOOL AND HIS MONEY ARE SOON PARTED
Just remember the Winter Gardens fiasco!!!!
Buttler
says...
11:27am Tue 9 Mar 10
The supporters then start a new club free from debt and parasites, the club is owned and run by them (see FC United of Manchester, Halifax + Scarborough but to name a few) We start a fresh in the lower leagues. In time the club will get back to were it is now. Both the above teams are 3 and 4 tiers from div 2. By the way, add Barcelona and Real Madrid as two more clubs owned and run via their fans.
molbol
says...
11:34am Tue 9 Mar 10
All Seeing Eye
says...
12:05pm Tue 9 Mar 10
Buttler wrote:Excellent comment and very eloquent, but I doubt whether the fools who just want to throw their money away will agree.
Its one thing after another, fact is EM and the other clowns on the board are not putting squat in. Keep your money in your pockets, we will always have debt, selling the ground and leasing it back is the killer....FACT. Unless a Bournemouth fan at heart who has money to burn bails us out and buys the ground back, nothing will change. Mitchell is not that man, wake up to reality. In this greedy world we are now living in, there is the only one way forward for the future of football clubs like Bournemouth. Were better off going under (like Scarborough and Halifax) The supporters then start a new club free from debt and parasites, the club is owned and run by them (see FC United of Manchester, Halifax + Scarborough but to name a few) We start a fresh in the lower leagues. In time the club will get back to were it is now. Both the above teams are 3 and 4 tiers from div 2. By the way, add Barcelona and Real Madrid as two more clubs owned and run via their fans.
Maybe they are too young to remember the many many thousands of pounds the supporters put into the club before and now look where we are again!!!
Just for "nonnogeppetto" and the rest of the people who want to throw their money away:- A FOOL AND HIS MONEY ARE SOON PARTED"
psal
says...
12:14pm Tue 9 Mar 10
oh mr meldrew wrote:You can Yawn me until your hearts content and your comment doesn't make sense. If Mitchell had done with the money he took off the fans what he said he was going to do with it instead of paying other non-important debts we would not be in such a desperate situation now. I do not see how you can argue with this FACT. It seems to me he has taken the money from the supporters with full knowledge it would not clear the embargo. His continuous use of the word 'probably' was an obvious clue here. He then knows that the supporters will then put their hands into their pockets yet again because of their passion for their club. He has been very clever yet again by using the words, 'possibly, might, not guaranteed' when suggesting the fans could see their returned if they put into his begging bowl.. I can understand everyone who wants to save the club, but I cannot understand how these very supporters are happy to possibly, probably, maybe make a very rich man even richer.
psal wrote: “I work at the club half of the working week – that’s (worth) a lot of money. I’m working half the night thinking about things. I’m not charging the club for my time and other people are there at my expense. Wake up Mr Mitchell. Nobody who takes on a new business gets paid and no doubt they also spend half the night thinking about how to make things work. What makes you so different. You come up with these ideas, such as buying next seasons tickets early, but backtrack on what you said the money would be used for. The taxman should have been paid, no if's and but's. You and you alone decided in your wisdom to ignore this debt and spend the money elsewhere instead and the result of this is a possible winding up of the club. Eddie Howe and the players have worked wonders and deserves all the credit they recieve, and now, if the money is not paid by the end of the month the minimum punishment will be points deducted. This I have to say will be due to your mis-management of the finances. There are three other directors on the board who do nothing and contribute nothing. If you want the fans to part with their hard earned money when none of you four will then offer the fans something in return for that money. Hand over the other 50% shares to the people who after all will be the one's who are actually buying the club. I can see you are not going to budge, you and the other three will stick to your guns regards not putting any money in. Well in my opinion by doing this you may possibly just sealed the fate of the club and you should all be ashamed of yourselves.yawn !!! the doom and gloom merchants are out in force early today, if it wasnt for the three other directors and mr mitchell you would not have anything to moan about because you wouldnt have a club to support
djd
says...
12:17pm Tue 9 Mar 10
If we want Cherries to continue then we must consider how we can best support it.
Obviously EM's first plan of up to 8000 supporters each home game isn't working so he has to think of something else.
True supporters, if they want the club to survive, will do what they can.
Those who come on these posts just to slag off EM do not appear to be true supporters and appear to have a different agenda than wanting the club to survive.
Of course, if you have money to spend, you could consider running the club in place of EM.
We have what is consistently one of the best teams in the League, despite the restrictions imposed on them.
Surely our objective is to support the team and not slag off EM every time he opens his mouth.
But of course we are all entitled to our opinion.
southcoastfootyfan
says...
12:27pm Tue 9 Mar 10
In Absentia
says...
12:30pm Tue 9 Mar 10
If a club Chairman asks the fans to help reduce an £800k debt, then this request should be subject to the most rigourous and critical scrutiny. All comment whether positive or adverse should be welcomed.
For my part, I think we're only being told a part of the full story and this whole scheme should be treated sceptically at this stage, especially with the current make up of the board.
Slem_1990
says...
1:08pm Tue 9 Mar 10
This is a donation scheme, NOT an investment scheme, although of course the moneys will be invested.
But all EM is doing is giving the fans a medium by which they can donate and if all goes well, make their money back.
We need to go in with the attitude that we are helping the club, not we are trying to make money from the club, because we all know that's not hugely likely.
The fact of the matter is that fans, myself included, are more than happy to put our money into the club to keep it running. After all, its our club so we have a vested interest just as much as the board. We have to remember that EM and AM aren't even fans of the club, they are just in for philanthropic reasons.
This is a good idea from EM. It makes no promises, but only offers us the opportunity to help and that's all most of the people on this forum and most fans I have spoken to have asked for. And its right that we do our bit, by persuading people to come with us to games, purchasing season tickets and, when appropriate, donating our money because ultimately, if this club goes under, we will be the ones without one, and the board can go on the living their (very) comfortable lives.
UTCIAD
elvispresleysking
says...
1:37pm Tue 9 Mar 10
I am not a AFCB fan, I support Bristol Rovers as I've stated on here many times over the last few years whilst I've been following your story since JM put the club into administration. I have an unhealthy interest in football club finances! However I stated at the time that Sport 6 wasn't what they led you to believe and the evidence was there for all to see if they wanted to look for it.
I don't believe EM is all that he portrays however as loads of you have pointed out he came to the rescue when PB sold the club as there was no-one else. Except there was! Again it is all in black and white, reported at the time by the Echo but at the last minute PB 'sold' to the Murry group. I doubt we will ever know why. However I would have to agree 100% wilth Cherry Exile in terms of M&S being central to your problems over the last few years. Yes I know Mostyn was 'duped' to the level of debt when he took over, (bad due dilegence?) but let me ask everyone a question.
If the board (AM,PB had kept faith with Jimmy Quinn and you had got relegated to the Conference and this season you were fighting relation to the Conference south, would you still support the club even though it is evident that Jimmy Quinn wasn't good for AFCB?
EM wants to own 100% of AFCB and will buy the others shares, but only when the club is debt free so he doesn't take the full hit if the club goes bust before then. Why haven't the club filed accounts with Companies' house for last year? Why hasn't EM met with the ST as HE INSTIGATED? What is the make-up of the shares he bought/loaned? What does his figures change everytime he quotes them? More questions than answers but as a few of you have said it's your club and you will do whatever you feel is right, same a I would if it was my club involved. all I can say is I hope it works out and you get the desired effect from this plea.
Incidently has anyone actually read the details of the scheme which is available at the club shop and does the Echo plan to do a follow up story giving out more information to those fans that can't get to the shop themselves?
samjdavis
says...
1:54pm Tue 9 Mar 10
No matter how long the meeting lasts, they shouldn't finish until every situation is clarified and resolved.
Eddie, rather than communicate via PR's to the Echo - it's in your best interest to organise this.
It's plain BS now and I don't know what to believe. Meet up, publish the report, and then lets move on with the football side of things.
Nick68
says...
2:01pm Tue 9 Mar 10
For the best part of a quarter of a century we have been in debt and many is the time we, the supporters, have had to bail out the club.
When the buckets came out in 1997, I don't remember anyone complaining that we were going to bail out the (then) owners.
When Cherryshare was launched, I don't recall anyone asking 'what's in it for me?'
Ditto for Cherryshare2 the stadium appeal, etc. etc.
Just about every supporter knew that we wouldn't see hide nor hair of our money ever again.
So, what is different now. We want the club to survive don't we? If we go into admin again, that's it, ta, ta. goodnight AFC Bournemouth.
I'll dedicate/donate under no illusions that I'll get anything back other than my wish to see us play league football (preferrably in League one) next season.
cherry exile
says...
2:10pm Tue 9 Mar 10
here we go
says...
2:58pm Tue 9 Mar 10
Buttler wrote:and where would your pub team entertain the likes of swanage and hamworthy united ... winton rec ???
Its one thing after another, fact is EM and the other clowns on the board are not putting squat in. Keep your money in your pockets, we will always have debt, selling the ground and leasing it back is the killer....FACT. Unless a Bournemouth fan at heart who has money to burn bails us out and buys the ground back, nothing will change. Mitchell is not that man, wake up to reality. In this greedy world we are now living in, there is the only one way forward for the future of football clubs like Bournemouth. Were better off going under (like Scarborough and Halifax) The supporters then start a new club free from debt and parasites, the club is owned and run by them (see FC United of Manchester, Halifax + Scarborough but to name a few) We start a fresh in the lower leagues. In time the club will get back to were it is now. Both the above teams are 3 and 4 tiers from div 2. By the way, add Barcelona and Real Madrid as two more clubs owned and run via their fans.
Julian1966
says...
3:17pm Tue 9 Mar 10
oh mr meldrew wrote:lol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and management
oh mr meldrew
says...
3:36pm Tue 9 Mar 10
Julian1966 wrote:lol... what is your book the beano or the dandy
oh mr meldrew wrote: GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and managementlol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
AFCB1223
says...
4:22pm Tue 9 Mar 10
Monsieur Cherry
says...
4:29pm Tue 9 Mar 10
Square Old Codger
says...
4:32pm Tue 9 Mar 10
nonnogeppetto
says...
4:38pm Tue 9 Mar 10
Frank2010
says...
4:41pm Tue 9 Mar 10
oh mr meldrew wrote:getting supporters to pay off the debt ridden club will be the biggest con trick that has ever been. The supporters will end up with a football club that will be ruined like Dorchester and Mr Mitchell will have a club debt free for little investment. Will he thank all the mugs who parted with the cash. NOOOOOO!
Julian1966 wrote:lol... what is your book the beano or the dandy
oh mr meldrew wrote: GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and managementlol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
Julian1966
says...
4:59pm Tue 9 Mar 10
oh mr meldrew wrote:Very Intelligent feedback by someone who has a small IQ.Dont tell me,you know this guy lol,,,lol.
Julian1966 wrote:lol... what is your book the beano or the dandy
oh mr meldrew wrote: GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and managementlol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
BackOfTheNet
says...
5:01pm Tue 9 Mar 10
Sadly, the claims about using season ticket money to clear the embargo (wasn't ever going to happen), not really paying all the tax debt months ago as stated and claiming nobody would take a wage from the club have turned me into a sceptic Mr Chairman.
I'll still be turning up at games, supporting the team and buying my next season ticket in the summer as usual, finances permitting.
Julian1966
says...
5:02pm Tue 9 Mar 10
Frank2010 wrote:Wonder whats next on his agenda..Buy one meal and get one free lol.
oh mr meldrew wrote:getting supporters to pay off the debt ridden club will be the biggest con trick that has ever been. The supporters will end up with a football club that will be ruined like Dorchester and Mr Mitchell will have a club debt free for little investment. Will he thank all the mugs who parted with the cash. NOOOOOO!
Julian1966 wrote:lol... what is your book the beano or the dandy
oh mr meldrew wrote: GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and managementlol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
sea poole
says...
5:08pm Tue 9 Mar 10
Julian1966
says...
5:22pm Tue 9 Mar 10
sea poole wrote:And now he wants us to find the rest.Why are we still in a massive hole??
So Frank, what do YOU suggest, if EM decides not to part with any more monies? After all, he's 'donated' £500 000+.
barrie w
says...
5:42pm Tue 9 Mar 10
oh mr meldrew
says...
6:11pm Tue 9 Mar 10
Julian1966 wrote:the way you talk suggests you are a very jealous little man with a chip on his shoulder against people in power, please let me know your IQ
oh mr meldrew wrote:Very Intelligent feedback by someone who has a small IQ.Dont tell me,you know this guy lol,,,lol.Julian1966 wrote:lol... what is your book the beano or the dandyoh mr meldrew wrote: GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and managementlol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
fartycat
says...
6:43pm Tue 9 Mar 10
.
THE DAYS OF FANS SIMPLY DONATING CASH TO A CLUB ARE OVER.
.
It's not the 1950's anymore. We don't have Dean Court Supporters Club handing over a wedge of cash and expecting nothing back.
.
Up and down the country other fan groups are raising money to BUY SHARES in the club they love. Why does Mitchell think we are different? Why are other fans good enough to own shares in their club, but we aren't?
.
Mitchell may well be doing a reasonable job behind the scenes but I'm less than impressed by his refusal to meet and consult with our fan groups.
northstandregular
says...
6:46pm Tue 9 Mar 10
nonnogeppetto wrote:When you say offer an alternative, you seem to forget that any of us could have done what EM is doing. He's put nothing in, taken next years season ticket money on the pretence it was to get the embargo lifted, employed a relative at a cost of 50K to AFCB and now he wants fans to pay for his ownership. You also say everyone is entitled to their opinions but the only people who get called disloyal/unsupportiv
Elvis..... I did not want to use the quote button because of the length of your post. I do respect other people's opinions as long as they make some argument for or against going into the proposed scheme. What I can't bear is when someone offer no alternative unlike you who clearly point things out and give due merit to various arguments they come on here and calls us fools for wanting to support the scheme it is that which most of us are against and not necessarily their view that they would not support it at any cost which is the right to chose.
e/moroins are the anti EM lies camp. As for offering an alternative....you run it or i'll it or the ST can run it. If EM walked away tommorow we'd lose nothing and gain 50K instantly.
bisadave
says...
7:02pm Tue 9 Mar 10
It's now 7pm and I can't see any article or report on either this, or the club's own website 'launching' the scheme with the details that we have all been waiting for.
Can someone point me to something official telling us how it works in detail?
Security word = dark-loss
nonnogeppetto
says...
7:21pm Tue 9 Mar 10
northstandregular wrote:When you say any of us could have done that, of course that is true but no one did. I am not going to go on any longer on this one because at the end of the day it is up to each one of us as individuals no one can make us do what we don't want to do. The point I tried to make (possibly I failed) is that those who call EM a liar (with the expection of one or two) keep repeating that view but do not say this is what the alternative is. For example if you told me that you had the answer and it was x y & z I could evaluate that proposal and deccide whether I would support you or not. Telling me that EM is a liar (incidently I don't have facts to support that view) does not help me one bit because as it stands he is the only choice that we have. Where is the ST I hear nothing from them as far as can see and read they are toothless. By the way I never called anyone a moron others have
nonnogeppetto wrote:When you say offer an alternative, you seem to forget that any of us could have done what EM is doing. He's put nothing in, taken next years season ticket money on the pretence it was to get the embargo lifted, employed a relative at a cost of 50K to AFCB and now he wants fans to pay for his ownership. You also say everyone is entitled to their opinions but the only people who get called disloyal/unsupportiv
Elvis..... I did not want to use the quote button because of the length of your post. I do respect other people's opinions as long as they make some argument for or against going into the proposed scheme. What I can't bear is when someone offer no alternative unlike you who clearly point things out and give due merit to various arguments they come on here and calls us fools for wanting to support the scheme it is that which most of us are against and not necessarily their view that they would not support it at any cost which is the right to chose.
e/moroins are the anti EM lies camp. As for offering an alternative....you run it or i'll it or the ST can run it. If EM walked away tommorow we'd lose nothing and gain 50K instantly.
Fred Luton
says...
8:11pm Tue 9 Mar 10
Brock_and_Roll wrote:I also havent figured out what EM is up to.
molbol wrote:Very good! As it happens I am very much "old school" and have spent my entire career providing finance for industrial investments here in the UK - boring but necessary! I am as digusted as the next man about some of the antics of certain sectors of the industry. Of course AFCB is a basket case as an investment - no one is ever going to make a decent return from the club especially now we are mere tennants. What surpises me is EM - whatever you think of him, he is no mug. He seems to have gotten himself into a situation where he cant win - is damned if he does and damned if he doesnt. If he has some cunning plan, I have not figured it yet!Brock_and_Roll wrote: As a banker myself the devil is in the detail of any such schemes that promise a potential return on an investment (and there are a minefield of legalities involved) Are potential "investors" being offered any security? The only assets that the club has are a couple of players. Given that even in the unlikely event that we clear all the legacy debt now, as we have spent a large chunk of next years season tickets, the club will be hugely cash flow negative as soon as the season ends. Players will almost certainly have to be sold and I would be very doubtful if there were anything left in the pot after this. And of course if the club folds or enters administration, the money is lost anyway. Was EM's additional investment in the form of a "loan"? - it looks like we are being asked to protect his cash as well as the club. I can understand appeals for donations, but where are the full details of this scheme? Until then I will give it a very wide berth indeed!Eddie Mitchell spending other peoples money - That's a bit rich coming from a banker Brock. LOL
All I know is the EM has never done something for nothing.
He definately will have a cunning plan.
AFCBade
says...
9:55pm Tue 9 Mar 10
Based on all the above posts, I would summise that:
1. Without united fans this scheme appears destined to fail and will waste time.
2. An opportunity to buy shares would appear to have a much better chance of succeeding and would align with EM's statement that the club belongs to the fans.
3. to be cost effective we would need an AFCB fan in the legal world to donate their time to ensure we dont waste lots of money on legal fees
4. if this is the Board to run AFCB (and lets be honest I cant see many queuing up to run us) then better the devil you know is the old saying and there comes a point when true fans just have to accept the situation and remember the club will always be bigger than players, managers or board members. I dont understand people who say they wont watch AFCB whilst so and so is at the club.
5. The only hope is for the fans to cough up if this board wont and we want to survive
6. Need clear articulation of fans' concerns to EM in a sensible and constructive way and not abusive forum posts. Can the ST perform this role?
Julian1966
says...
9:56pm Tue 9 Mar 10
oh mr meldrew wrote:I can meet up with you and tell you man 2 man,but maybe you not a man lol.You must be related to him,sad lol.
Julian1966 wrote:the way you talk suggests you are a very jealous little man with a chip on his shoulder against people in power, please let me know your IQ
oh mr meldrew wrote:Very Intelligent feedback by someone who has a small IQ.Dont tell me,you know this guy lol,,,lol.Julian1966 wrote:lol... what is your book the beano or the dandyoh mr meldrew wrote: GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and managementlol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
All Seeing Eye
says...
10:10pm Tue 9 Mar 10
!!
elvispresleysking
says...
11:20pm Tue 9 Mar 10
nonnogeppetto wrote:nonnogepetto - no problem and I understand your frustration regarding posters not backing up their arguments.
Elvis..... I did not want to use the quote button because of the length of your post. I do respect other people's opinions as long as they make some argument for or against going into the proposed scheme. What I can't bear is when someone offer no alternative unlike you who clearly point things out and give due merit to various arguments they come on here and calls us fools for wanting to support the scheme it is that which most of us are against and not necessarily their view that they would not support it at any cost which is the right to chose.
Having caught up with the rest of the posts tonight i think AFCBade's post is a fair summary of the current situation and eludes to something I've been toying with posting the last couple of days.
Proposal: EM had agreed to meet with the ST last week to discuss the current financial position however this has yet to happen. Whilst the ST have both welcomed and voiced concerns over the latest proposal from EM I understand that not all AFCB fans feel the ST represent the fans as independently as they should.
If that is the case then maybe the ECHO can arrange the meeting between EM and the ST along with representatives from here, 1 from the pro EM camp, 1 from the anti EM camp and someone who is independant (to report unbiased in terms of what is discussed). Fans from both camps can then post required questions on a special story/blog run by the ECHO and a predetermined number of questions can be asked by each camp. These could be agreed alongside the ST in terms of questions they want answered and this should ensure that the fans of AFCB have the opportunity of having all their questions asked (I'll stop short of saying answered!).
The Echo could also run a blog, like the fans forum, to report on what has been asked and answered to all the AFCB fans.
I am assuming that EM would have no problem with this given that his statements in the past include that he wants to be more open and improve communications with the fans than previous owners. At the end of the day I'm sure that is all that the majority of the fans on here want and would eradicate a lot of the 'in-fighting and dividing' arguments that seem to fill this board. It's no coincidence that the stories which get most response are those that deal with finance rather than the team or performances!
P.S. I'm not proposing that this will sort everything but would hopefully lead to a more united fan base.
Your thoughts?
elvispresleysking
says...
11:26pm Tue 9 Mar 10
bisadave wrote:Bisadave, last sentence on the story -
Sorry to appear a little dense, but the article starts by stating that the scheme launches today. It's now 7pm and I can't see any article or report on either this, or the club's own website 'launching' the scheme with the details that we have all been waiting for. Can someone point me to something official telling us how it works in detail? Security word = dark-loss
'Further information on the dedication scheme can be obtained from the Dean Court club shop.'
I asked this question in my earlier post, could the ECHO please print the scheme details so those fans who can't get to the club shop lknow what the 'details' are? Or if someone has been to the shop can they post a summary on here?
horsted
says...
11:37pm Tue 9 Mar 10
Buttler
says...
1:00am Wed 10 Mar 10
here we go wrote:Don't think you grasp the point pal. If a club goes under, its the fans that suffer. You can all blame him, them or the landlord of Hamworthy United. Many more clubs will end up going bust like Halifax + Scarborough. All the true supporters of these clubs have got together, started up again in the basement league. Membership is obtained by paying an annual fee, each member receives a share in the club and is entitled to a single vote at meetings, the club is a non-profit organisation, The club is fully owned and democratically run by supporters on a one member one vote basis. Members vote on all major decisions, such as electing the Board. These clubs are all a Industrial & Provident Society or a constitution.
Buttler wrote: Its one thing after another, fact is EM and the other clowns on the board are not putting squat in. Keep your money in your pockets, we will always have debt, selling the ground and leasing it back is the killer....FACT. Unless a Bournemouth fan at heart who has money to burn bails us out and buys the ground back, nothing will change. Mitchell is not that man, wake up to reality. In this greedy world we are now living in, there is the only one way forward for the future of football clubs like Bournemouth. Were better off going under (like Scarborough and Halifax) The supporters then start a new club free from debt and parasites, the club is owned and run by them (see FC United of Manchester, Halifax + Scarborough but to name a few) We start a fresh in the lower leagues. In time the club will get back to were it is now. Both the above teams are 3 and 4 tiers from div 2. By the way, add Barcelona and Real Madrid as two more clubs owned and run via their fans.and where would your pub team entertain the likes of swanage and hamworthy united ... winton rec ???
The constitution means the club can never be bought by an individual or a company, so no fat-cats can get their hands on the club’s money.
In a nut shell, these clubs are run by the fans, the board are fans elected by the fans, no money will be waisted etc. Take FC United of Manchester, formed in 2006, around 2200 members, average gates of 1,750 some 250k in the bank (now looking to buy a stadium) They are now 3 leagues from div 2, Scarborough, Halifax not far benind. These clubs are changing the face of football and returning it to their fans, this is how it should be.
Frank2010
says...
7:09am Wed 10 Mar 10
sea poole wrote:Read the figures. Mr Mitchell has not invested £500k at all. He actually admits that in his statement the other day. Also I would expect that the monies put in is a loan not an investment.
So Frank, what do YOU suggest, if EM decides not to part with any more monies? After all, he's 'donated' £500 000+.
So would you bail out a local shop or garage that was struggling so that the owner who you don't even know can have a debt free business?
Frank2010
says...
7:26am Wed 10 Mar 10
northstandregular wrote:Could the Echo ask Mr Mitchell a direct question regarding Mr Blakes role in the club. If AFCB is that strapped for money why is it employing a CEO with no business experience at all at a cost of £50,000 a year. This figure might be more I am led to believe!
nonnogeppetto wrote:When you say offer an alternative, you seem to forget that any of us could have done what EM is doing. He's put nothing in, taken next years season ticket money on the pretence it was to get the embargo lifted, employed a relative at a cost of 50K to AFCB and now he wants fans to pay for his ownership. You also say everyone is entitled to their opinions but the only people who get called disloyal/unsupportiv
Elvis..... I did not want to use the quote button because of the length of your post. I do respect other people's opinions as long as they make some argument for or against going into the proposed scheme. What I can't bear is when someone offer no alternative unlike you who clearly point things out and give due merit to various arguments they come on here and calls us fools for wanting to support the scheme it is that which most of us are against and not necessarily their view that they would not support it at any cost which is the right to chose.
e/moroins are the anti EM lies camp. As for offering an alternative....you run it or i'll it or the ST can run it. If EM walked away tommorow we'd lose nothing and gain 50K instantly.
Why are fans being asked to put money in when the club is employing people with no value.
I have also been told that Mr Mitchells son is now employed at the club as well. Would someone please confirm or deny that as well.
Mr Mitchell can employ who he likes, but cannot keep pleading poverty when he employs family members at huge wages in positions that don't really exist
here we go
says...
8:36am Wed 10 Mar 10
Julian1966 wrote:oh mr meldrew fair enough first post about supporting the whole club, but this is turning into a childish tit for tat you are starting to sound like the grumpy old man your name suggests, julian childish as well and perhaps mr meldrew should of added the word lonely with jealous you seem to want to meet everyone, grow up the pair of you and support the club
oh mr meldrew wrote:I can meet up with you and tell you man 2 man,but maybe you not a man lol.You must be related to him,sad lol.Julian1966 wrote:the way you talk suggests you are a very jealous little man with a chip on his shoulder against people in power, please let me know your IQoh mr meldrew wrote:Very Intelligent feedback by someone who has a small IQ.Dont tell me,you know this guy lol,,,lol.Julian1966 wrote:lol... what is your book the beano or the dandyoh mr meldrew wrote: GET OFF HIS BACK anything EM says or does is going to get slagged off, support your club, the man is making progress and so are the team and managementlol...the guy is a massive Joke in my book,i really would love to meet him and have a chat face 2 face but it will never happen,how long do we have to put up with more crab.
psal
says...
8:39am Wed 10 Mar 10
Frank2010 wrote:How is he allowed to get away with using this amount of money to employ members of his family when we are not allowed to use any money to bring in new players? This all stinks and basically he wants our money to pay them. Who is he going to employ next.
northstandregular wrote:Could the Echo ask Mr Mitchell a direct question regarding Mr Blakes role in the club. If AFCB is that strapped for money why is it employing a CEO with no business experience at all at a cost of £50,000 a year. This figure might be more I am led to believe! Why are fans being asked to put money in when the club is employing people with no value. I have also been told that Mr Mitchells son is now employed at the club as well. Would someone please confirm or deny that as well. Mr Mitchell can employ who he likes, but cannot keep pleading poverty when he employs family members at huge wages in positions that don't really existnonnogeppetto wrote: Elvis..... I did not want to use the quote button because of the length of your post. I do respect other people's opinions as long as they make some argument for or against going into the proposed scheme. What I can't bear is when someone offer no alternative unlike you who clearly point things out and give due merit to various arguments they come on here and calls us fools for wanting to support the scheme it is that which most of us are against and not necessarily their view that they would not support it at any cost which is the right to chose.When you say offer an alternative, you seem to forget that any of us could have done what EM is doing. He's put nothing in, taken next years season ticket money on the pretence it was to get the embargo lifted, employed a relative at a cost of 50K to AFCB and now he wants fans to pay for his ownership. You also say everyone is entitled to their opinions but the only people who get called disloyal/unsupportiv e/moroins are the anti EM lies camp. As for offering an alternative....you run it or i'll it or the ST can run it. If EM walked away tommorow we'd lose nothing and gain 50K instantly.
All Seeing Eye
says...
8:58am Wed 10 Mar 10
In the days of Dick Turpin it was "Stand and Deliver" these days it could be interpreted as "Pay up or else"!
here we go
says...
9:47am Wed 10 Mar 10
Buttler wrote:i do the grasp the point pal just asking where your pub team would play, what your saying is go under and lose a great manager and players for no financial return , why ???
here we go wrote:Don't think you grasp the point pal. If a club goes under, its the fans that suffer. You can all blame him, them or the landlord of Hamworthy United. Many more clubs will end up going bust like Halifax + Scarborough. All the true supporters of these clubs have got together, started up again in the basement league. Membership is obtained by paying an annual fee, each member receives a share in the club and is entitled to a single vote at meetings, the club is a non-profit organisation, The club is fully owned and democratically run by supporters on a one member one vote basis. Members vote on all major decisions, such as electing the Board. These clubs are all a Industrial & Provident Society or a constitution. The constitution means the club can never be bought by an individual or a company, so no fat-cats can get their hands on the club’s money. In a nut shell, these clubs are run by the fans, the board are fans elected by the fans, no money will be waisted etc. Take FC United of Manchester, formed in 2006, around 2200 members, average gates of 1,750 some 250k in the bank (now looking to buy a stadium) They are now 3 leagues from div 2, Scarborough, Halifax not far benind. These clubs are changing the face of football and returning it to their fans, this is how it should be.Buttler wrote: Its one thing after another, fact is EM and the other clowns on the board are not putting squat in. Keep your money in your pockets, we will always have debt, selling the ground and leasing it back is the killer....FACT. Unless a Bournemouth fan at heart who has money to burn bails us out and buys the ground back, nothing will change. Mitchell is not that man, wake up to reality. In this greedy world we are now living in, there is the only one way forward for the future of football clubs like Bournemouth. Were better off going under (like Scarborough and Halifax) The supporters then start a new club free from debt and parasites, the club is owned and run by them (see FC United of Manchester, Halifax + Scarborough but to name a few) We start a fresh in the lower leagues. In time the club will get back to were it is now. Both the above teams are 3 and 4 tiers from div 2. By the way, add Barcelona and Real Madrid as two more clubs owned and run via their fans.and where would your pub team entertain the likes of swanage and hamworthy united ... winton rec ???
In Absentia
says...
11:10am Wed 10 Mar 10
Fans are being asked to 'gift' money to the club here, it's not an investment.
bisadave
says...
11:30am Wed 10 Mar 10
elvispresleysking wrote:Elvis - The club shop had no information on Saturday afternoon (contrary to the report in Saturday's Echo) and had no informaton yesterday afternoon. Hence my question.
bisadave wrote: Sorry to appear a little dense, but the article starts by stating that the scheme launches today. It's now 7pm and I can't see any article or report on either this, or the club's own website 'launching' the scheme with the details that we have all been waiting for. Can someone point me to something official telling us how it works in detail? Security word = dark-lossBisadave, last sentence on the story - 'Further information on the dedication scheme can be obtained from the Dean Court club shop.' I asked this question in my earlier post, could the ECHO please print the scheme details so those fans who can't get to the club shop lknow what the 'details' are? Or if someone has been to the shop can they post a summary on here?
Ian Wadley - Have you actually seen the details? Do they exist? As a reporter, do you want to go away, check this, and come back and let us know?
elvispresleysking
says...
12:48pm Wed 10 Mar 10
Additional Income Received
(Total cost of Chairman's share acquisition from previous and current Directors £185,000) (Straight to previous share owners, not to club)
Chairmans Additional Investment - £200,000 - (Is this a pure investment or a 'loan' to the club?)
Seven Developments Supplier sponsorship (includes Advertising Boards, Programme Advertising, donations, match sponsorship that the AFCB Associate Director and employee of Seven Developments Dave Roberts has sourced from Seven suppliers) - £118,131 (NOT INVESTMENT FROM EM)
A total of £503,131 which is where EM got the £500k figure from when he quoted it at the last fans forum. It is clearly not £500k investment from EM in the sense that he would wish you to believe it was.
AFCB1223
says...
3:21pm Wed 10 Mar 10
elvispresleysking wrote:The more I read about this the more intriguing it becomes.
Will people stop syaing EM has put £500k into the club, HE HASN'T. The financial breakdown published last week: Additional Income Received (Total cost of Chairman's share acquisition from previous and current Directors £185,000) (Straight to previous share owners, not to club) Chairmans Additional Investment - £200,000 - (Is this a pure investment or a 'loan' to the club?) Seven Developments Supplier sponsorship (includes Advertising Boards, Programme Advertising, donations, match sponsorship that the AFCB Associate Director and employee of Seven Developments Dave Roberts has sourced from Seven suppliers) - £118,131 (NOT INVESTMENT FROM EM) A total of £503,131 which is where EM got the £500k figure from when he quoted it at the last fans forum. It is clearly not £500k investment from EM in the sense that he would wish you to believe it was.
How much did he put in?
Is it an investment or a loan?
How many family members is he employing?
How much is he paying them?
Can the club operate without them, if the answer to this is Yes, they are not needed.
These question need answers.
raypike
says...
3:28pm Wed 10 Mar 10
AFCB1223
says...
3:59pm Wed 10 Mar 10
raypike wrote:The people who moan that he should put in millions himself, why don't they put their millions in.............!!!!!
Seems to me a lot of people are moaning because EM has come up with a plan to help the club.He's only asking for funds from people who can afford to do it, and they may or may not have some return on that money.Why grouch at EM, he's saved the club from virtual extinction and he's trying to run the club on a secure financial basis. The people who moan that he should put in millions himself, why don't they put their millions in. Some people forget that EM himself started as a plasterer working long and hard to get where he is. He still works long and hard, in his own business and for the club.He's not a miracle worker or a bottomless pit of money. I say to the whingers 'put up or shut up'. Your moaning is not helping the club.
!!!!!!!!!!!!!!!!!!!!
!!!!
Ummm maybe because he owns the club Doh
Fred Luton
says...
4:13pm Wed 10 Mar 10
So many unanswered questions;
so many unknowns.
My main questions are:-
How much hard cash did EM put in (not time - that doesnt count when the chips are down)?
Who are the members of his family and friends he is employing?
How much are each of them paid?
cherry exile
says...
4:16pm Wed 10 Mar 10
kin-hell
says...
9:09pm Wed 10 Mar 10
raypike wrote:Ah we have a cunning plan!!!!!
Seems to me a lot of people are moaning because EM has come up with a plan to help the club.He's only asking for funds from people who can afford to do it, and they may or may not have some return on that money.Why grouch at EM, he's saved the club from virtual extinction and he's trying to run the club on a secure financial basis. The people who moan that he should put in millions himself, why don't they put their millions in. Some people forget that EM himself started as a plasterer working long and hard to get where he is. He still works long and hard, in his own business and for the club.He's not a miracle worker or a bottomless pit of money. I say to the whingers 'put up or shut up'. Your moaning is not helping the club.
and is it to help himself?????????????
????????????????????
????
Return on their money?? Yea right!!
afcblee
says...
9:22pm Wed 10 Mar 10
The club stands no chance without unity between club and supporters!! Now is the time do something positive to save the club, otherwise you'll be picking another local team to support and I don't like the options!!
UTC
kin-hell
says...
9:27pm Wed 10 Mar 10
Sounds to me like someone is scheming and it aint the AFCB supporters.
afcblee
says...
9:33pm Wed 10 Mar 10
kin-hell wrote:What are u going on about mr positive?
Sounds some people just think New Scheme scheme scheme scheme scheme
Sounds to me like someone is scheming and it aint the AFCB supporters.
Do you want a club?
Got any positive ideas?
Got any money?
Got any desire to save the club?
Got anything good to say?
kin-hell
says...
9:34pm Wed 10 Mar 10
afcblee wrote:As said on here before:-
Kin-hell: go away mr positive! The club stands no chance without unity between club and supporters!! Now is the time do something positive to save the club, otherwise you'll be picking another local team to support and I don't like the options!! UTC
A FOOL AND HIS MONEY ARE SOON PARTED.
So give EM your money, let your family struggle with their own debts, and your feel so big making other people rich!!!
Winter Gardens, buckets of money, where did it all go?
Why don't the players half their salaries, they earn a darn site more than you!!!!!
The Directors are millionaires so why can't they pay the debt, afterall it is their business!!!!
afcblee
says...
9:41pm Wed 10 Mar 10
That's what true supporters will do.
lew clayton
says...
9:44pm Wed 10 Mar 10
kin-hell
says...
9:51pm Wed 10 Mar 10
afcblee wrote:lew clayton, boscombe says...
I might just do that to keep afcb alive! That's what true supporters will do.
9:44pm Wed 10 Mar 10
lots of rubbish spoken on here. we have to support our club. we have no choice. i trust eddie mitchell, without him there would be no club. thank you mr. mitchell. i went to my first cherries game in the early 50s. peter harrison on the wing. anyone remember him
Sad sad fools. You might just as well throw it straight down the drain.
How come you can't tell me where all the Winter Gardens money went? or are you in denial.
kin-hell
says...
9:54pm Wed 10 Mar 10
afcblee wrote:Look up the word ‘PHOENIX’
kin-hell wrote: Sounds some people just think New Scheme scheme scheme scheme scheme Sounds to me like someone is scheming and it aint the AFCB supporters.What are u going on about mr positive? Do you want a club? Got any positive ideas? Got any money? Got any desire to save the club? Got anything good to say?
might as well look up the word 'FOOL' as well.
Julian1966
says...
9:58pm Wed 10 Mar 10
Julian1966
says...
10:01pm Wed 10 Mar 10
lew clayton wrote:lol....then the club did not have eddie mitchell!!!!!Carry on you lot,pay his debt for him.
lots of rubbish spoken on here. we have to support our club. we have no choice. i trust eddie mitchell, without him there would be no club. thank you mr. mitchell. i went to my first cherries game in the early 50s. peter harrison on the wing. anyone remember him
afcblee
says...
10:03pm Wed 10 Mar 10
U have no answer to my questions!!
Night night
UTC
kin-hell
says...
10:12pm Wed 10 Mar 10
afcblee wrote:Time you were in bed - school day tomorrow!!
Go to bed mr positive!! U have no answer to my questions!! Night night UTC
afcblee
says...
10:35pm Wed 10 Mar 10
kin-hell wrote:Hee hee oh so assuming, no wonder you get ripped on ere! Perhaps we could discuss this over a cup of tea at DC?
afcblee wrote:Time you were in bed - school day tomorrow!!
Go to bed mr positive!! U have no answer to my questions!! Night night UTC
U still have no answers to my questions!
If the club had all supporters like u they'd be no chance! Perhaps your just a joker hey and don't really support afcb!
Urrr!
Frank2010
says...
10:49pm Wed 10 Mar 10
lew clayton wrote:You trust him!!!!!
lots of rubbish spoken on here. we have to support our club. we have no choice. i trust eddie mitchell, without him there would be no club. thank you mr. mitchell. i went to my first cherries game in the early 50s. peter harrison on the wing. anyone remember him
Ask all the creditors of his bankrupted companies if they trust him. Ask Dorchester Town FC if they would trust him.
This man has lied about how much he put into the club. Will not answer if it is an investment or a loan. Employs members of his family earning silly wages. And you trust him............!!!!!
here we go
says...
10:50pm Wed 10 Mar 10
afcblee wrote:afcblee just ignore the fool he was on here the other week saying he was a macclesfield fan and slagging afcb off
kin-hell wrote:Hee hee oh so assuming, no wonder you get ripped on ere! Perhaps we could discuss this over a cup of tea at DC? U still have no answers to my questions! If the club had all supporters like u they'd be no chance! Perhaps your just a joker hey and don't really support afcb! Urrr!afcblee wrote: Go to bed mr positive!! U have no answer to my questions!! Night night UTCTime you were in bed - school day tomorrow!!
kin-hell
says...
10:55pm Wed 10 Mar 10
Frank2010 wrote:Just read the above comment!!!
lew clayton wrote: lots of rubbish spoken on here. we have to support our club. we have no choice. i trust eddie mitchell, without him there would be no club. thank you mr. mitchell. i went to my first cherries game in the early 50s. peter harrison on the wing. anyone remember himYou trust him!!!!! Ask all the creditors of his bankrupted companies if they trust him. Ask Dorchester Town FC if they would trust him. This man has lied about how much he put into the club. Will not answer if it is an investment or a loan. Employs members of his family earning silly wages. And you trust him............!!!!!
Then go and put your supporters scarf on and look in the mirror and say to yourself "Mirror Mirror on the wall look at me another AFCB fool"
here we go
says...
11:14pm Wed 10 Mar 10
kin-hell wrote:kin-hell you was a macclesfield fan the other week slagging afcb off have you seen the light and started supporting afcb now
Frank2010 wrote:Just read the above comment!!! Then go and put your supporters scarf on and look in the mirror and say to yourself "Mirror Mirror on the wall look at me another AFCB fool"lew clayton wrote: lots of rubbish spoken on here. we have to support our club. we have no choice. i trust eddie mitchell, without him there would be no club. thank you mr. mitchell. i went to my first cherries game in the early 50s. peter harrison on the wing. anyone remember himYou trust him!!!!! Ask all the creditors of his bankrupted companies if they trust him. Ask Dorchester Town FC if they would trust him. This man has lied about how much he put into the club. Will not answer if it is an investment or a loan. Employs members of his family earning silly wages. And you trust him............!!!!!
kin-hell
says...
10:58am Thu 11 Mar 10
here we go wrote:Seen the light??
kin-hell wrote:kin-hell you was a macclesfield fan the other week slagging afcb off have you seen the light and started supporting afcb nowFrank2010 wrote:Just read the above comment!!! Then go and put your supporters scarf on and look in the mirror and say to yourself "Mirror Mirror on the wall look at me another AFCB fool"lew clayton wrote: lots of rubbish spoken on here. we have to support our club. we have no choice. i trust eddie mitchell, without him there would be no club. thank you mr. mitchell. i went to my first cherries game in the early 50s. peter harrison on the wing. anyone remember himYou trust him!!!!! Ask all the creditors of his bankrupted companies if they trust him. Ask Dorchester Town FC if they would trust him. This man has lied about how much he put into the club. Will not answer if it is an investment or a loan. Employs members of his family earning silly wages. And you trust him............!!!!!
Sorry but the light is about to go out!!!!
raypike
says...
4:11pm Thu 11 Mar 10
AFCB1223 wrote:afcb...there are no people with millions to put in the club!!! That's why there is no- one but us fans to help the club....DOH
raypike wrote: Seems to me a lot of people are moaning because EM has come up with a plan to help the club.He's only asking for funds from people who can afford to do it, and they may or may not have some return on that money.Why grouch at EM, he's saved the club from virtual extinction and he's trying to run the club on a secure financial basis. The people who moan that he should put in millions himself, why don't they put their millions in. Some people forget that EM himself started as a plasterer working long and hard to get where he is. He still works long and hard, in his own business and for the club.He's not a miracle worker or a bottomless pit of money. I say to the whingers 'put up or shut up'. Your moaning is not helping the club.The people who moan that he should put in millions himself, why don't they put their millions in.............!!!!! !!!!!!!!!!!!!!!!!!!! !!!! Ummm maybe because he owns the club Doh
kin-hell
says...
9:25am Fri 12 Mar 10
raypike wrote:Do you mean 'fans' or 'fools'?
AFCB1223 wrote:afcb...there are no people with millions to put in the club!!! That's why there is no- one but us fans to help the club....DOHraypike wrote: Seems to me a lot of people are moaning because EM has come up with a plan to help the club.He's only asking for funds from people who can afford to do it, and they may or may not have some return on that money.Why grouch at EM, he's saved the club from virtual extinction and he's trying to run the club on a secure financial basis. The people who moan that he should put in millions himself, why don't they put their millions in. Some people forget that EM himself started as a plasterer working long and hard to get where he is. He still works long and hard, in his own business and for the club.He's not a miracle worker or a bottomless pit of money. I say to the whingers 'put up or shut up'. Your moaning is not helping the club.The people who moan that he should put in millions himself, why don't they put their millions in.............!!!!! !!!!!!!!!!!!!!!!!!!! !!!! Ummm maybe because he owns the club Doh
You must be very young not to remember the last fiasco when supporters put thousands and thousands into the club, and where did it get us? Right where we are now, so do you think repeating that fiasco again we would be any better off?
Football is a business, so the millionaire Directors should be the ones to put the money in.
They bought the club after 'Due Diligence'. (They knew what they were buying)
hoppy
says...
7:00pm Fri 12 Mar 10
E.M. is only interested in whats in it for him & his associates.
His suggestion for the fans to stump up the money is quite simply "why pay for something,when you can get someone else to pay"
If he had your club & it,s future at heart,then of course he would come up with the money,that is if he has the funds required!!
I have no axe to grind with E.M. & I am not a football fan,but I do know a bit about his past history & a leopard never changes his spots.
I wish AFCB all the best for the future
but I doubt if it will be with E.M.
lionheart
says...
8:54pm Fri 12 Mar 10
Frank2010
says...
10:41pm Fri 12 Mar 10
hoppy wrote:Happy.
It is a great shame that so few of you AFCB fans know the real history of E.M. way back to his self build days on Canford Heath & all the people who lost money because of his actions & why his company is called Seven Developments & the real money men behind him.
E.M. is only interested in whats in it for him & his associates.
His suggestion for the fans to stump up the money is quite simply "why pay for something,when you can get someone else to pay"
If he had your club & it,s future at heart,then of course he would come up with the money,that is if he has the funds required!!
I have no axe to grind with E.M. & I am not a football fan,but I do know a bit about his past history & a leopard never changes his spots.
I wish AFCB all the best for the future
but I doubt if it will be with E.M.
You have forgotten about the 5 or 6 companies he bankrupted at keddies. Then his personal bankruptcy. Oh, then Yellow 3 went bankrupt. Perhaps all the creditors of Mr Mitchell past dealings should make their views known?
No One has ever benefited in a Mr Mitchell deal. Whatever he does is purely for his own gain with no regards to how much anyone gets hurts or how much money they lose by his actions
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fartycat says...
7:16am Tue 9 Mar 10
.
Anything to do with dividends (ie getting a return on an investment) at a football club is always bound to lose - historically those who invest will never recieve anything back.
.
Why not simply let fans buy shares in the club or go use the Supporters Trust to buy shares? That's how fan investment at most other clubs in the UK happens, why does Eddie think that AFCB is any different?