Darlo Uncovered

The takeover won't be completed on time because the money hasn't been raised. Madden won't sign the club over until the funds are there. Consequenlty, the conference may kick us out for not agreeing the CVA in time. And I read this as ....... Blah, blah, blah ....... <yawn> Like it or not, if we do...

The CVA will be put to the creditors on this date - when will we hear anything? Will it be a quick process do you know? I am gearing up for the several dozen tweets which may, or may not, be helping the situation. I'm not sure exactly what the timings and process on the day are, but will attempt to...

He must have been talking to mobi. Why does the "if we get relegated 2 divisions" theme keep popping up? Are certain parties trying to slowly introduce us to the idea? I've always thought that Raj signs the waiver, then we're BSN, Raj doesn't sign the waiver, then we're toast. The takeover won't be...

This is taken from the Ask1883 forum:

"If the fundraising doesn't reach £500k, then we would not be able to complete the project".

Please don't mention the elephant in the room.

Thanks for your replies.

Bearing in mind we aim to run a sustainable business model, how will next season's playing budget compare to other sides in the BSN? If the fundraising does not reach 500K does this change your future budgetting? If debts cannot be paid now, how much debt is it acceptable to take in order to satisfy...

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The things is, how can 1883 refuse any offer that Raj makes? Their entire project rests upon rescuing the club in its current form. Essentially they will agree to anything, because they have no other option.

charlie wrote:Its not fair, he should be made to legally stand by his word

Good luck with that. You stand by the legal documents you sign, not by your word.

why didnt this guy with 400k just spread it about with people he knows all buying a few shares, noone knows prob solved Simply because he wants Singh out of the picture totally, no matter if he was to spread his money around in family members names!! To be honest, I dont blame him one bit for askin...

why didnt this guy with 400k just spread it about with people he knows all buying a few shares, noone knows prob solved Simply because he wants Singh out of the picture totally, no matter if he was to spread his money around in family members names!! To be honest, I dont blame him one bit for askin...

Quakerz wrote:The Arena running costs can't be that crippling if 1883 think they can run it sustainably in the BSN.

Alternatively, the running costs could be crippling, and 1883 are wrong.

No, if you can't find a buyer, or cant raise enough funds to buy the club then it goes bust, simple as that. It's not a deliberate attempt to avoid debt or annoy creditors, is just what happens to businesses everyday. In fact most business people have probably had a bankrupt business at one time or ...

OK, you raise capital exactly as we are doing now (not money to pay debt) and you probably ground share for starters. There is nowhere suitable. The RA we would outgrow within 1 season and it cannot be upgraded past northern league standard. Bishop Auckland's ground is Evostik graded so we'd probab...

If it was a toss up between 1883 and the Trust to set up a phoenix club, then it's 1883 every day of the week for me. Ideally they'd join forces but this doesn't look doable. And here is problem number one with your phoenix dream, we will have potentially 2 new clubs and a fractured fan base. To be...

OK, why bother starting a phoenix then? You just said nobody cares. Not enough care to sustain us in that stadium at the current level. More people care about us than other teams in the BSN or the Evostick, but no other clubs have to get 1900 just to break even. We do have more than enough support ...

darlotoon wrote:Fair enough , but it won't be Darlington FC with it's 129 yr history and surely the Trust can't work on a phoenix club without consulting the membership

I would presume they can work on whatever they like. The plan would then be put to the members.

so are you involved with the Trust ? and I wonder how forgiving most fans will be for the Trusts neverending silence during most of this administration ? a phoenix club has little appeal for me , no connection to me and I will probably go along to watch the RA instead. No, I'm not involved with tru...

OK, why bother starting a phoenix then? You just said nobody cares. Not enough care to sustain us in that stadium at the current level. More people care about us than other teams in the BSN or the Evostick, but no other clubs have to get 1900 just to break even. We do have more than enough support ...

Snap , but other than that ? What do you propose to do to start a phoenix club ? or was that the "royal" we ? I'm pretty confident the Trust are still working on a Phoenix club. In fact they had already made plans the first time we were in administration. I also expect they believe a phoenix club i...

If you're happy starting a phoenix club which will stall in the lower reaches of regional football then good on you, but luckily the majority of people rightly see this as the only way to keep football of any respectable standard in the town, and are willing to make a fist of it. This is where you ...

darlotoon wrote:Have you tried to help keep this club running ?

Yes, I've been a season ticket holder for years.

Mobi, there are a lot of flaws in your plan. 1. Where will the money magically come from to start said Phoenix club. The money which has been raised so far was raised with one goal in mind - to save Darlington FC, not to start up a new club. Although Quakerz may be right and some choose to leave th...

my impression is that the majority of people outside of this forum (yes, the real world) see option 1 as the only realistic approach. The club is irreparably broken. Do not waste good people's money on the debts of a bad business. Like I said, it's heart and not head. So £340,000 has been raised ma...

mobi of course hasn't seen the management accounts, has no idea of the total debt levels, future running costs or potential wage bill going forward yet speaks with absolute authority. He also almost certainly under estimates the costs of setting up a phoenix club, securing a suitable ground, the lo...

Ok Mobi in for a penny in for a pound, which parts of the 1883 attempt to save the club don't work for you. What would you currently do different. I am all behind the 1883 option as it is the only option ont he table. Sometimes it appears to be run by a few people who neither have the experience or...

I think the bigger question is, after the trust have put in their 40K, who are we then going to blame for the continued lack of investment? I'll mostly be blaming miserable, negative, sniping, vindictive bores like you who want the club's survival bid to fail. I thought so. I'm prepared to be the s...

shawry wrote:I wonder why people say the Trusts 40k would make people invest more.

I think the bigger question is, after the trust have put in their 40K, who are we then going to blame for the continued lack of investment?

Quite correct that the trust's £40000 won't get us over the line. What it would do though is give a massive boost to the total, would convince the sceptics that we are all in this together, the fence sitters like myself would come back in and buy more shares, local businesses realising that we migh...