Trust money

[Jeff]

Originally Posted By: Harry J Allstars

I know how the place works now. Someone asks something, you reply, they come back, then don't shut up and then you just repeat what you said ad nauseam until the thread gets locked.

You've summed it up nicely there.

The moderation on that forum is weird. I have never seen a forum where threads are 'locked' before.

[Hempstead Gaz]

Originally Posted By: Harry J Allstars

Originally Posted By: Hempstead Gaz

Sometimes you talk sense, Bill, other times tripe.
You do a lot of supposing, most of it totally wrong.

Replace the name Bill with the name Harry.

[Slartibartfast]

When Harry met Gary...I'll have a pint of whatever he's drinking!

[Harry J Allstars]

Yeah I know but I do sh*t posts better than you.

[doheochai]

Harry - can you seriously not understand why some members of MyFC might be upset that money they thought would go to the club as a result of them buying merchandise is being held by the Fleet Trust.

[Jeff]

Wanchai - Can you seriously not understand why the Fleet Trust may want to hold onto some of that money to keep in reserve just in case MyFC may need a top up in the future?

[Slartibartfast]

Originally Posted By: doheochai

Harry - can you seriously not understand why some members of MyFC might be upset that money they thought would go to the club as a result of them buying merchandise is being held by the Fleet Trust.

Er hello.....

Originally Posted By: David Holden

The Trust's original aim was to provide funds to the club in exchange for shares.

We have yet to see whether the new board will be happy to continue on that basis, but until that becomes clear, then IMO the Trust is absolutely correct in holding on to it's funds.

How many shares are you offering Dom?

The fans who are upset that the merchandise money hasn't been instantly transferred to the club aren't the same ones who voted to give next years merchandising profits to Nike are they?

[PatMan]

Originally Posted By: Slartibartfast

The fans who are upset that the merchandise money hasn't been instantly transferred to the club aren't the same ones who voted to give next years merchandising profits to Nike are they?

Been a while since one of these - Gold!

[rsheard]

I wish I knew what this debate was about. I haven't been reading the forum at MyFC recently... too busy to wade through 1000 sh!t posts to find the handful of good ones. (And there are some really good ones.)

 

One hopes that all of these nagging details will disappear over the course of the next season as MyFC gets its processes and information sorted. Till then, I think I'll focus primarily on the football. That's why I joined MyFC.

 

See you next Saturday.

[Bill Kent]

[BustaGut]

I not a member of the Fleet Trust or MYFC, so you could say that neither venture has anything to do with me, but I would argue the point that these two bodies, Are attempting to look after the club I support, maybe in different ways, but hopefully to the same ends, and that is looking after Ebbsfleet United.

Some would argue that they have different agendas, and maybe in some cases that is true. MYFC is a new innervation, that I personally have yet to take on fully with open arms. Where as the trust has been in place for a long time, supporting the club through think and thin.

I believe that both ventures, have there own reason for being there. As far as I concerned, the club could not sell something they did not own (The Trust) Which I think the club forgets at times is one of there Sponsors, from one of there main backers , and that is THE SUPPORTERS.

I have a interest in what happens to the Monies of both groups, as it effects Ebbsfleet United. The trust money even though separate organisation, Effects everyone who buys stuff from the shop and any fund raising function. Most of us have bought stuff from the club shop, raffle tickets etc etc, as it helps the trust, which in turn helps the club.

If there is any truth in the statements made on here, that The Trust is to hold money back until they see how the MYFC ventures goes, and how long it lasts etc etc, I believe that to be a prudent Idea. That,s if this is true statement of fact. Be it the action of MYFC, or the Trust, there action effects anyone who is a supporter of Ebbsfleet.

Myfc have as much right to the trust money as the trust has on the money of Myfc, NONE

Myfc have injected a large amount of money into Ebbsfleet united. We will have a large amount of money generated by the Wembley final. So in my view, I hope the trust holds onto there money, as a nest egg,or a disaster fund.

Talks of making improvements to the ground? until we get any feed back, to the question are we getting a new ground? if we are? over what sort of time span?

Is it worth chucking money at something that may well be gone in three years or less. Ok ok, wishful thinking. The stadium is not the best by a long way, years and years of neglect, which makes us appear tinpot, The pitches playing surface looks superb, not having played on it, can only be on looks. So things not all bad.

[doheochai]

Originally Posted By: Slartibartfast

How many shares are you offering Dom?

I would have absolutely no problem with the Fleet Trust taking more shares in the club. I do not have any authority to offer any but I would support any offer. The legal people would have to sort out how to do it within the current share structure.

Originally Posted By: Slartibartfast

The fans who are upset that the merchandise money hasn't been instantly transferred to the club aren't the same ones who voted to give next years merchandising profits to Nike are they?

The Nike deal is designed to increase the return from merchandise sales and to ensure a constant supply of merchandise which the previous suppliers couldn't facilitate. If it doesn't do this then there is an opt out clause after one year.

Originally Posted By: BustaGut

If there is any truth in the statements made on here, that The Trust is to hold money back until they see how the MYFC ventures goes, and how long it lasts etc etc, I believe that to be a prudent Idea.

No problem with this either. The problem that has arisen is because the hundreds of MyFC members who have bought merchandise from the club shop were told the money would go to the club and this is not the case. It is not surprising that some members of MyFC are upset about this. As a consequence some members of MyFC are now also questioning the attitude of the Fleet Trust towards MyFC - particularly given the fact that two prominent members of the Fleet Trust are also members of the MyFC Board. The Fleet Trust needs to recognise this and acknowledge that it has upset some people. The Board of the Fleet Trust should issue a statement about its attitude to MyFC and addressing this issue. As Busta has said we are two seperate organisations, but we are supposed to be working towards the same objective. I think the Fleet Trust need to deal with the fall out from this in a prompt and appropriate fashion.

[Hempstead Gaz]

I am in no position to say the Trust should ignore you, but any money the Trust has raised over the years, either by merchandise, raffles, quiz nights, pennies on the pitch, or just loose change into the collection box always has, and no doubt always will be given to the club. It might be in a week, a month, a year or even 3 years. But rest assured Ebbsfleet Utd WILL benefit from ALL money raised. It may not be now, but it will be sometime.

Until November, all fans buying gear through the shop, be it shirts, pennants, pens etc were content to let the Trust deal with the money. They know best, rules are in place, and the proper (those who go) fans know the club will benfit through the prudent distribution of the money, not just dole it out ad hoc.

The only fall out appears to be from some sectors of MYFC who want full details of the money that we (the proper fans) have contributed to the Trust coffers over the years.

The Trust (in my eyes) is for those fans who regularly attend the ground, and as such is nothing to do with MYFC.

What part of that do you not understand?

 

[Jeff]

I think it's the bit about getting hold of the money that has nothing to do with MyFC.

[Hempstead Gaz]

It's hard work getting the message through to them, isn't it?

For

[David Holden]

Originally Posted By: doheochai

The problem that has arisen is because the hundreds of MyFC members who have bought merchandise from the club shop were told the money would go to the club and this is not the case. It is not surprising that some members of MyFC are upset about this.

Who told them that? I'm sure it wasn't the trust.

The position is (and Jimmy will correct me if I'm wrong) the Trust acts as an agent for the club in the sale of replica shirts, and all of the this money does go to the club. With regard to the other merchandise, the stock is purchased by the Trust, and the proceeds belong to the Trust to do so as they see fit.

[Emily]

Originally Posted By: doheochai

No problem with this either. The problem that has arisen is because the hundreds of MyFC members who have bought merchandise from the club shop were told the money would go to the club and this is not the case. It is not surprising that some members of MyFC are upset about this. As a consequence some members of MyFC are now also questioning the attitude of the Fleet Trust towards MyFC - particularly given the fact that two prominent members of the Fleet Trust are also members of the MyFC Board. The Fleet Trust needs to recognise this and acknowledge that it has upset some people. The Board of the Fleet Trust should issue a statement about its attitude to MyFC and addressing this issue. As Busta has said we are two seperate organisations, but we are supposed to be working towards the same objective. I think the Fleet Trust need to deal with the fall out from this in a prompt and appropriate fashion.

So MyFC made an assumption about when funds would be transferred to the club, and now you want an apology because your assumption was wrong? FT members don't have a say on when or how MyFC spend their money, so why would you have a say on when the FT spends there's. It'll all go to the club when it is appropriate.

From what I've heard, the MyFC forum has done nothing but attack the board members who are also part of the Fleet Trust, yet you want them to acknowledge they have upset people. The club didn't give a thought to the Trust on Saturday when you stopped their presentation of trophies after the game. So yes you are right Dom, both need to communicate and work towards the same goal, but maybe MyFC should lead the way instead of seemingly being intent on driving away the people that keep this club going.

I'm at the games, I can see people's reactions. If MyFC don't stop bickering over everything, and hounding people who are trying to help this club, you will lose them and everything they contribute. How many of your 29,000 will turn up each week to run the shop, man the trust hut, sell programmes etc.

Without these volunteers the club will fail and you will lose your local supporters. Maybe some consideration and respect for them should be MyFC's priority before you drag this club down!

[Hannah]

That's the best post on the this thread without a doubt.

[Riverview Supporter]

Brilliant Post Emily

 

The Fleet Trust is a seperate entity to the club. You dont go to Tesco and then 6 months later moan beacuse they gave 0.0000000000001% of the profit from your purchase towards a charity you dont agree with.

 

Absolute joke this is becoming.

 

The fact that EUFC had no way for overseas members to buy merchandise and shirts on day one points to Fleet Trust providing a service not misleading people.

 

I spoke at length on Saturday with several MYFC represenattives and apart from a few, most are disillusioned and non respectful of what we had. The paying man , the Dereck McAnless and Dave Hammonds of this world want to see something happen and it isnt.

 

After May 10th we have a welcomed break and time to collect our thoughts for next season. This time needs to be spent building bridges not destroying them.

 

 

 

[rsheard]

I tread lightly here because emotions are running high again, but I see some of this discussion going around each other. To me, the issue isn't whether MyFC has any right to tell the Fleet Trust how to handle its own affairs. I agree that it doesn't.

 

But MyFC, as the principal owner of the club, does have some say in who the agent is who sells the club's official merchandise. And if it turns out that the Fleet Trust isn't turning the proceeds from those sales over the EUFC (not MyFC, mind you) in a manner that suits MyFC, they certainly do have the right to change the arrangement.

 

There's a misconception that MyFC wants this money for themselves. From what I've read, the attitude is that MyFC wants the proceeds of official club merchandise sales to go directly to the club. That is what we were told would happen, although I cannot remember who it was who told us that. That's all in the past, however. My only concern is the present and the future.

 

If official club merchandise is to continue to be sold through the trust, it's perfectly within MyFC's purview to expect an acceptable arrangement regarding the transfer of funds to the club. What that arrangement is isn't for me to say; I'm not an attorney.

 

I hate the endless bickering between groups here (and on the MyFC forum)--especially a few days before a major milestone for the club. All I care about is the best interests of EUFC. But regardless of one's opinions about MyFC, the society is nevertheless the club's primary owner. I may be mistaken here, but it seems to me that a lot of the attitude that suggests that MyFC shouldn't have any say in anything to do with the club wouldn't be present if a rich Russian sugar daddy had been the buyer. I'm sure there would be something to complain about there, but you wouldn't question his right to make decisions about the club he owned.

 

I don't speak for anyone at MyFC except myself, but I think the work the Trust does for the club is phenomenal, and I'm not in any way attacking anyone at the Trust. Never have. But in regards to the club's financial arrangements, that IS MyFC's business. And sales of the official merchandise in the future IS the club's business (and MyFC's). The fund-raising that the Trust does, of course, is none of MyFC's business. But this heated debate is conflating those two issues into one. They are separate issues.