Matt Posted February 18, 2020 Share Posted February 18, 2020 Wimbledon are in a spot of bother, https://www.afcwimbledon.co.uk/news/2019/november/club-statement New bonds released last week that offer investors and fans the chance to earn interest of up to 4% annually. https://www.which.co.uk/news/2020/02/afc-wimbledon-football-club-mini-bond-offers-up-to-4-returns-should-you-invest/?utm_medium=Email&utm_source=ExactTarget&utm_campaign=3950903-M_MW_EM_170220 '“Communications from our elected board have been poor. Last year, most of the Directors with most experience were voted out because they continued to support the manager who was crap. Because of our constitution and suspicion over any new investors it will be very difficult to turn this around in time. Through the grapevine the actual suggestion is that the new investors would settle for 24% with the Dons Trust still owning 51%. The rest being individual shareholders/members. If that was the case I could live with it but the board has not done us any favours in delaying telling us about it' There's a certain familiarity with all that, it feels very similar to my experience with supporter ownership; a club and its supporters wanting to run before it can walk. There's a price to pay, and when you're ripping through the leagues you're not arsed - nobody's looking at the balance sheet... Link to comment Share on other sites More sharing options...
HarryBosch Posted February 18, 2020 Share Posted February 18, 2020 What's your point caller? Link to comment Share on other sites More sharing options...
singe Posted February 18, 2020 Share Posted February 18, 2020 2 hours ago, Matt said: Wimbledon are in a spot of bother, https://www.afcwimbledon.co.uk/news/2019/november/club-statement New bonds released last week that offer investors and fans the chance to earn interest of up to 4% annually. https://www.which.co.uk/news/2020/02/afc-wimbledon-football-club-mini-bond-offers-up-to-4-returns-should-you-invest/?utm_medium=Email&utm_source=ExactTarget&utm_campaign=3950903-M_MW_EM_170220 '“Communications from our elected board have been poor. Last year, most of the Directors with most experience were voted out because they continued to support the manager who was crap. Because of our constitution and suspicion over any new investors it will be very difficult to turn this around in time. Through the grapevine the actual suggestion is that the new investors would settle for 24% with the Dons Trust still owning 51%. The rest being individual shareholders/members. If that was the case I could live with it but the board has not done us any favours in delaying telling us about it' There's a certain familiarity with all that, it feels very similar to my experience with supporter ownership; a club and its supporters wanting to run before it can walk. There's a price to pay, and when you're ripping through the leagues you're not arsed - nobody's looking at the balance sheet... I read and update from that Nov '19 they needed £5m from fans, the rest from commercial borrowing, in a tight deadline, and have just raised it and pushing on for £7.5m from fans. I'm not sure our current set up would get so much support. Link to comment Share on other sites More sharing options...
wiseowl Posted February 18, 2020 Share Posted February 18, 2020 2 minutes ago, singe said: I read and update from that Nov '19 they needed £5m from fans, the rest from commercial borrowing, in a tight deadline, and have just raised it and pushing on for £7.5m from fans. I'm not sure our current set up would get so much support. Spot on - even if 2,000 Latics fans were interested; they'd be stumping up £3,750 apiece!!! Not a chance. Link to comment Share on other sites More sharing options...
lookersstandandy Posted February 19, 2020 Share Posted February 19, 2020 Founder and former owner of ASOS, Chelsea fan who lives in Wimbledon, is putting some money in. They’ll be alright... Link to comment Share on other sites More sharing options...
BP1960 Posted February 19, 2020 Share Posted February 19, 2020 12 hours ago, wiseowl said: Spot on - even if 2,000 Latics fans were interested; they'd be stumping up £3,750 apiece!!! Not a chance. I'm sure you'd double that though to set an example. Link to comment Share on other sites More sharing options...
Frankly Mr Shankly Posted February 19, 2020 Share Posted February 19, 2020 I'd still much rather be in Wimbledon's position, on and off the field, than our current one. Link to comment Share on other sites More sharing options...
singe Posted February 19, 2020 Share Posted February 19, 2020 We seem to lack the wealthy fans. Link to comment Share on other sites More sharing options...
latics22 Posted February 19, 2020 Share Posted February 19, 2020 3 hours ago, BP1960 said: I'm sure you'd double that though to set an example. Kos could pay it on his own... Link to comment Share on other sites More sharing options...
kowenicki Posted February 19, 2020 Share Posted February 19, 2020 1 hour ago, latics22 said: Kos could pay it on his own... Nah. I'd contribute towards yours though, seeing as you are a bit of a pov and down on your luck. Link to comment Share on other sites More sharing options...
League one forever Posted February 19, 2020 Share Posted February 19, 2020 18 minutes ago, kowenicki said: Nah. I'd contribute towards yours though, seeing as you are a bit of a pov and down on your luck. Can you afford to pay Barry off Kow? Link to comment Share on other sites More sharing options...
kowenicki Posted February 19, 2020 Share Posted February 19, 2020 38 minutes ago, League one forever said: Can you afford to pay Barry off Kow? He has no finial interest does he? Just needs sacking. Link to comment Share on other sites More sharing options...
League one forever Posted February 19, 2020 Share Posted February 19, 2020 47 minutes ago, kowenicki said: He has no finial interest does he? Just needs sacking. Surely you’re not quibbling over a crate of Murphy’s and hock of Ham? Link to comment Share on other sites More sharing options...
Matt Posted February 19, 2020 Author Share Posted February 19, 2020 7 hours ago, lookersstandandy said: Founder and former owner of ASOS, Chelsea fan who lives in Wimbledon, is putting some money in. Just as important to understand what the ASOS owner wants back out of it. As with Portsmouth, I can see a vote to move out of fan ownership - which is fine if everything points to that. Link to comment Share on other sites More sharing options...
latics22 Posted February 19, 2020 Share Posted February 19, 2020 7 hours ago, kowenicki said: Nah. I'd contribute towards yours though, seeing as you are a bit of a pov and down on your luck. you can be a knob, but also funny!@ Link to comment Share on other sites More sharing options...
Dave_Og Posted February 19, 2020 Share Posted February 19, 2020 Wimbledon were hideously treated but they do seem to think that the world owes them a living these days. Link to comment Share on other sites More sharing options...
Matt Posted February 20, 2020 Author Share Posted February 20, 2020 8 hours ago, Dave_Og said: ... they do seem to think that the world owes them a living these days. Why do you say that? Link to comment Share on other sites More sharing options...
GlossopLatic Posted February 20, 2020 Share Posted February 20, 2020 I think with the case of Wimbledon is they could fly through the leagues based on them competing against clubs getting 200 people in when they get 3000 so they could afford the most talented side in those divisions and still turn in a profit. They were always going to have this issue where they plateaued as they competed against bigger clubs where they would then fall into the classic small club mode of having to overspend to compete. Link to comment Share on other sites More sharing options...
Dave_Og Posted February 20, 2020 Share Posted February 20, 2020 5 hours ago, Matt said: Why do you say that? The public crowd funding appeals play very heavily on the past but of course their ground was long gone a long time before the MK farce Link to comment Share on other sites More sharing options...
Frankly Mr Shankly Posted February 20, 2020 Share Posted February 20, 2020 22 hours ago, Dave_Og said: Wimbledon were hideously treated but they do seem to think that the world owes them a living these days. “Aw, quit talking about Wimbledon man. It was such a long time ago, man” “Cool. Then don’t mention Jesus to me. If it’s shelf life we’re talking...” Bill Hicks. Relentless tour. Link to comment Share on other sites More sharing options...
Matt Posted February 21, 2020 Author Share Posted February 21, 2020 18 hours ago, Dave_Og said: The public crowd funding appeals play very heavily on the past Of course, isn't that what football is about - historical landmarks and milestones? They're trying to build a future on that. Link to comment Share on other sites More sharing options...
Dave_Og Posted February 21, 2020 Share Posted February 21, 2020 15 minutes ago, Matt said: Of course, isn't that what football is about - historical landmarks and milestones? They're trying to build a future on that. Yes but there seems to me to be a hope//expectation that on Wimbledon fans will chip in because of what happened to them. Not for a second would I suggest that was anything other than an abomination but I think it's pretty close to impossible that they'd be better off now if it hadn't been allowed. No matter, I wish them no ill. Link to comment Share on other sites More sharing options...
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