£100,000 PFA Loan

[globegrecian]

According to Express and Echo

(facepalm)

Mods, forgive me if this is already in another thread


http://www.exeterexpressandecho.co.uk/PFA-s-100-000-loan-help-Exeter-City-summer-months/story-21186772-detail/story.html

 

[manc grecian]

That's a lot of mugs and DVDs.

 

[globegrecian]

Wtf is going on? Why the hell were we not told? How much of this is due to Brazil? Is there a coup in progress that will end the fan ownership model?

 

[Shabba]

It has also been confirmed that the club is under a transfer embargo.

To be expected, at least the loan covers the wages for the next 3 months, but it still doesn't answer why they haven't had the money and the postponements aren't the main reason for it.

 

[manc grecian]

Wtf is going on? Why the hell were we not told? How much of this is due to Brazil? Is there a coup in progress that will end the fan ownership model?

Yes. 1 million squid of fans money down the drain.

 

[globegrecian]

Dear PFA, can we please borrow £100,000, thanks. PS please send by return as we are taking the entire team and board to Brazil for a jolly, such fun!

 

[SageoftheAxe]

To be expected, at least the loan covers the wages for the next 3 months, but it still doesn't answer why they haven't had the money and the postponements aren't the main reason for it.

No, but the sum is a close match to the overall shortfall in attendances over the last season - 400x23x say £12 would be £110k. But as has been said elsewhere it was obvious by Xmas 2013 that the gate assumptions were too high, before the postponements compounded the position.

 

[Pete Martin (CTID)]

My inherent cynicism prompts me to ask if we can actually believe that this loan covers a 3 month period. There have been too many manipulations of the truth that have been exposed of late to take anything at face value.

No comment either from the Wolfie, Perryman or the TB whether the Trust loan has been repaid. Unlikely I suspect?

 

[globegrecian]

No, but the sum is a close match to the overall shortfall in attendances over the last season - 400x23x say £12 would be £110k. But as has been said elsewhere it was obvious by Xmas 2013 that the gate assumptions were too high, before the postponements compounded the position.

Or the amount we allegedly pay the suits, not to mention for £40k + for Brazil.

Of course, if we had actually played well at home all season, instead of just two or three games, then we wouldn't be in nearly such a mess

 

[Shabba]

No, but the sum is a close match to the overall shortfall in attendances over the last season - 400x23x say £12 would be £110k. But as has been said elsewhere it was obvious by Xmas 2013 that the gate assumptions were too high, before the postponements compounded the position.

Exactly, all efforts should have been made into bringing in extra income and making massive cuts, (I don't mean, getting a different security firm in either, unless their total wage difference was at least 10k per month, less than the previous firm and we know that is not possible!)