RS Investment Poll

Open now for discussion of all things Darlo!

Moderators: mikkyx, uncovered

Should the investment proposal from RS be accepted?

Yes
40
37%
No
69
63%
 
Total votes: 109

Yarblockos
Posts: 1041
Joined: Tue Apr 21, 2015 9:19 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by Yarblockos » Tue May 09, 2017 11:20 pm

Darlogramps wrote:
Yarblockos wrote:
Darlogramps wrote:
Yarblockos wrote: And what exactly can you do with 9% of shares? I guess the other 91% are worthless then?
It's bizarre, you keep talking as if you know what his actions will be. You do not.

Once he's in, he's in. I don't want him to be in. I don't want him to have 9%, 0.9% or 0.00000009%.

And moreover, how do we then look to everyone watching on? That we'd be willing to throw our lot in with a man who ruined us only 5 years ago.

It's humiliating. Name me another club or business which would see an owner so catastrophically mismanage them - to the point of near-extinction, then welcome them back with open arms.

It's like Nick Leeson being given a seat on the board of the successor to Barings Bank.
So your argument is that we say no to Singh full stop. The 9% giving someone power is irrelevant. We need an honest discussion here, if you don't want Singh in then say so. Trying to say that 9% gives someone too much power is dishonest .
9% is too much for Singh. He should get 0%. He should be nowhere near the club he ruined. I've said this from my first post on this thread.

Yarblockos wrote:The investors could put forward their proposal and we may say we'd accept it if Singh dropped out, or if he was allowed to own no more than 15% personally. But we'll never get to that stage because you'll have scared people off by saying 9% gives too much power.
"If", "we may", "we could."

You're making up scenarios which you have no idea whether they'd happen. You're living in Fantasy Land
Err, I'm speculating on the future which hasn't happened yet. So are you.

Darlogramps
Posts: 6025
Joined: Sun Sep 05, 2010 10:47 am
Team Supported: Darlington

Re: RS Investment Poll

Post by Darlogramps » Tue May 09, 2017 11:37 pm

I'm not speculating on anything. I've stated that Raj Singh shouldn't be anywhere near the club he ruined just 5 years ago.

You're the one living in a Fantasy Land, speculating on fantasy scenarios which you have no idea will happen. You might as well speculate on if E.T. will become our new director of football.

Looking at the here and now, a yes vote, even one just to hear his proposal, says you're willing to entertain the idea of him being involved.

If you can stomach that, this is your prerogative. I however, won't accept any idea of Singh owning any section of our football club.
If ever you're bored or miserable:

http://www.youtube.com/watch?v=ZlZohZoadGY

shawry
Posts: 2600
Joined: Sat Jul 11, 2009 4:55 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by shawry » Tue May 09, 2017 11:43 pm

Darlogramps wrote:I'm not speculating on anything. I've stated that Raj Singh shouldn't be anywhere near the club he ruined just 5 years ago.

You're the one living in a Fantasy Land, speculating on fantasy scenarios which you have no idea will happen. You might as well speculate on if E.T. will become our new director of football.

Looking at the here and now, a yes vote, even one just to hear his proposal, says you're willing to entertain the idea of him being involved.

If you can stomach that, this is your prerogative. I however, won't accept any idea of Singh owning any section of our football club.
While I accept that a yes vote means we listen to his proposal, I'd rather look at that a yes vote is just accepting 40k. There is no risk.

Let's face it if there are enough no votes for this then there would be enough no votes for the proposal itself, so why not take the 40k and vote down the proposal.

Sent from my SM-G955F using Tapatalk

BUSHEAD
Posts: 1554
Joined: Thu Jul 30, 2009 12:02 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by BUSHEAD » Tue May 09, 2017 11:46 pm

Would you take an hours free baby sitting off Ian Huntley ?
Or perhaps a free medical check up off Harold Shipman ?
Think before posting

shawry
Posts: 2600
Joined: Sat Jul 11, 2009 4:55 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by shawry » Tue May 09, 2017 11:54 pm

BUSHEAD wrote:Would you take an hours free baby sitting off Ian Huntley ?
Or perhaps a free medical check up off Harold Shipman ?
.
No I wouldn't but them I'm not stupid enough to look at a risk free 40k from someone who screwed us over before as remotely the same as free babysitting from Ian Huntley.

And on that I'll leave this as it's clear that no one is going to be persuaded from either camp so there is little point in discussion.

Sent from my SM-G955F using Tapatalk

Darlogramps
Posts: 6025
Joined: Sun Sep 05, 2010 10:47 am
Team Supported: Darlington

Re: RS Investment Poll

Post by Darlogramps » Wed May 10, 2017 12:06 am

shawry wrote:
Darlogramps wrote:I'm not speculating on anything. I've stated that Raj Singh shouldn't be anywhere near the club he ruined just 5 years ago.

You're the one living in a Fantasy Land, speculating on fantasy scenarios which you have no idea will happen. You might as well speculate on if E.T. will become our new director of football.

Looking at the here and now, a yes vote, even one just to hear his proposal, says you're willing to entertain the idea of him being involved.

If you can stomach that, this is your prerogative. I however, won't accept any idea of Singh owning any section of our football club.
While I accept that a yes vote means we listen to his proposal, I'd rather look at that a yes vote is just accepting 40k. There is no risk.

Let's face it if there are enough no votes for this then there would be enough no votes for the proposal itself, so why not take the 40k and vote down the proposal.

Sent from my SM-G955F using Tapatalk
I understand your argument, but I disagree entirely with it.

It's the idea of saying we're happy to accept money from the man who ruined the club, that I won't stomach. It's a point of principle.

Taking the 40k would look to the outside world like we were crawling back to Singh, which would be humiliating and damaging. That's where the risk would be - to our reputation.

And the 40k would be going on one year's playing budget. It would be a frivolous investment as it wouldn't benefit the club, because we can't get promoted anyway without a ground that's up to standard.

I'd be more inclined to agree with you if the money was going towards the stand. But it's not, which proves Singh is backing Martin Gray, not the club.

So if he's not interested in the club, and the money won't benefit us in the long run, what's the point in giving him any share at all, regardless of how small? Just seems a waste of time and effort for a meaningless "reward."

Let's be honest, I don't think there's a single Darlo fan who wants Singh back for his personal qualities. It's only his money that anyone would be after. So if we don't want him, taking his money is desperate, hypocritical and makes us no better than him. That's how I see it anyway.
If ever you're bored or miserable:

http://www.youtube.com/watch?v=ZlZohZoadGY

BUSHEAD
Posts: 1554
Joined: Thu Jul 30, 2009 12:02 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by BUSHEAD » Wed May 10, 2017 12:10 am

shawry wrote:
BUSHEAD wrote:Would you take an hours free baby sitting off Ian Huntley ?
Or perhaps a free medical check up off Harold Shipman ?.
No I wouldn't but them I'm not stupid enough to look at a risk free 40k from someone who screwed us over before as remotely the same as free babysitting from Ian Huntley.

And on that I'll leave this as it's clear that no one is going to be persuaded from either camp so there is little point in discussion.

Sent from my SM-G955F using Tapatalk
You just lack morals then ?
Calling me stupid for not wanting to accept money from RS . Well whoop de do to you .
Think before posting

User avatar
JamesDarlo
Posts: 156
Joined: Sun Nov 06, 2016 9:06 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by JamesDarlo » Wed May 10, 2017 12:43 am

shawry wrote:
BUSHEAD wrote:Would you take an hours free baby sitting off Ian Huntley ?
Or perhaps a free medical check up off Harold Shipman ?
.
No I wouldn't but them I'm not stupid enough to look at a risk free 40k from someone who screwed us over before as remotely the same as free babysitting from Ian Huntley.

And on that I'll leave this as it's clear that no one is going to be persuaded from either camp so there is little point in discussion.

Sent from my SM-G955F using Tapatalk
Surely discussion is the most important thing to be doing right now, I'm sure this isn't going to be black and white for everyone. Those with the most concrete thoughts are going to be firing their points the most, this is potentially the most important decision we've had to make so far. Personally I'd love to hear every argument before casting a vote, it's crucial we get this right.

darlocity
Posts: 54
Joined: Fri Mar 02, 2012 11:56 am
Team Supported: Darlington-Man City
Location: Rotherham, South Yorks

Re: RS Investment Poll

Post by darlocity » Wed May 10, 2017 5:42 am

IN - YES

Undercovered
Posts: 250
Joined: Sun May 15, 2016 1:35 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by Undercovered » Wed May 10, 2017 6:40 am

BUSHEAD wrote:Would you take an hours free baby sitting off Ian Huntley ?
Or perhaps a free medical check up off Harold Shipman ?
.

:lol: :lol: :lol:
Image

DaveMc
Posts: 24
Joined: Thu Apr 27, 2017 7:01 pm
Team Supported: Darlington
Location: Durrington Wiltshire

Re: RS Investment Poll

Post by DaveMc » Wed May 10, 2017 6:52 am

I would say no and I agree with other responders why now?

woody58
Posts: 176
Joined: Sat Nov 13, 2010 5:00 pm
Team Supported: Darlington
Location: Germany

Re: RS Investment Poll

Post by woody58 » Wed May 10, 2017 6:53 am

For what it is worth, here is my take on RS.

1. I thought anybody could buy shares in DFC as long as it was not more than 15%, so i don't understand why a vote is needed to accept RS money. If I wanted to donate 40,000 to the playing budget would the shareholders need to take a vote on accepting my money.

2. Could RS ever have control of DFC or more than 30% of shares as a fit and proper person as league rule test state's "They have been director of a club while it has suffered two or more unconnected events of insolvency" Singh was a director (vice chairman) 2009 and chairman 2012, "The first director known to have failed the test was Dennis Coleman, director of Rotherham United when they went into administration in 2006 and 2008.

3. I would take anything and everything I could get from RS as he owes DFC big time, my moral compass would not even twitch spending his money. However after a lot of consideration
my brain will just not allow me to see him as a fit and proper person to run a football club.

User avatar
Mr_Tibbs
Posts: 3293
Joined: Fri Jul 31, 2009 8:55 pm
Team Supported: The Almighty Darlo
Location: Gruzia
Contact:

Re: RS Investment Poll

Post by Mr_Tibbs » Wed May 10, 2017 7:13 am

Darlogramps wrote:...

which proves Singh is backing Martin Gray, not the club.
Maybe he's got some other plans afoot with MG's Footie Academy which will only come to fruition if MG remains as manager of our club?

I feel like RS was right behind what MG blurted out at the Fans Forum - in any other business MG would've been escorted to clear his desk and then to leave the building for what he did, and he managed to insult us all into the bargain.

I don't trust RS but I don't think I trust MG after that.

I'll follow what's being said at the Net Cafe but we could be reading cherry picked questions and pre-prepared answers for all we know. Let's see how well crafted and lengthy his answers are. I would've preferred a live Q&A session for something as big as this - not this Net Cafe thing.

We've had MG holding a gun to our heads and now RS is doing the same. It's all in the timing - investment in the DFCSG Fundraising has stopped while we all argue about this so his £40k is made to seem even more necessary and all the more enticing.

Why should he get shares for £40k while our £40k gets nothing? Are we allowed to come up with a counter-offer whereby we band together and raise the balance of the Boost the Budget pitch in exchange for shares?

Also what is the cost to the DFCSG for accepting this £40k in exchange for shares? As stated in the SGM notice the DFCSG must purchase more shares themselves in order to maintain their (our) current percentage of voting rights, so there is a cost there which we wouldn't otherwise have if we just funded that pitch ourselves, by the due date.

This just feels so wrong to me in many aspects, not the least of which is that we fought long and hard to get to where we are now but, as far away as I am (and I've never been able to get back to see my team play since we went down to the NL), I've never felt so connected to the club I've supported for decades.

I quite like that feeling but I think it's something I'd lose again if we sold out, and my son would lose a big part of his life too and that would be harder than most of you can imagine so, if it comes down to edging our way down the road towards ripping down that Barrow banner, or changing it to "Our clubs are just for business, not for life", or voting "no", then there's only one choice.

I certainly wouldn't be pledging anything towards the new seating if I thought it was going to be someone else's property, so there you have the saviour scenario looming where the new messiah can step in and save the day.

No! No! and thrice No!

Thanks for Wembley Raj but everything you did to us after that hurt like hell. With friends like you, who needs enemies?
Last edited by Mr_Tibbs on Wed May 10, 2017 7:20 am, edited 1 time in total.
Join - Shop - Collect

Collect free donations for your club every time you shop the easyfundraising way:

Image

www.easyfundraising.org.uk/causes/dfcsg

User avatar
theoriginalfatcat
Posts: 6718
Joined: Wed Jul 15, 2009 7:40 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by theoriginalfatcat » Wed May 10, 2017 7:19 am

Martin Gray said at the fans forum that the investors would have to have 51% control.

What he decided NOT TO SAY at the fans forum was that raj Singh was behind the offer.

This is the end game, Singh in charge of our club --

it went well last time......NOT.
Profile pic ↗️
Feethams the Panda. 28 Jan 2012.
Now extinct!

User avatar
Robbie Painter
Posts: 2289
Joined: Fri Jul 10, 2009 8:37 am
Team Supported: Darlington

Re: RS Investment Poll

Post by Robbie Painter » Wed May 10, 2017 7:19 am

woody58 wrote:For what it is worth, here is my take on RS.

1. I thought anybody could buy shares in DFC as long as it was not more than 15%, so i don't understand why a vote is needed to accept RS money. If I wanted to donate 40,000 to the playing budget would the shareholders need to take a vote on accepting my money.

2. Could RS ever have control of DFC or more than 30% of shares as a fit and proper person as league rule test state's "They have been director of a club while it has suffered two or more unconnected events of insolvency" Singh was a director (vice chairman) 2009 and chairman 2012, "The first director known to have failed the test was Dennis Coleman, director of Rotherham United when they went into administration in 2006 and 2008.

3. I would take anything and everything I could get from RS as he owes DFC big time, my moral compass would not even twitch spending his money. However after a lot of consideration
my brain will just not allow me to see him as a fit and proper person to run a football club.
1. from AGM resolutions, the board only authorised to allot shares to DFCSG currently. So special meeting needed to allow shares to be issued to RS.

2. You are right but unfortunately the FA only apply the test from August 2010 now. So he passes but only on a technicality.

lo36789
Posts: 10930
Joined: Wed Apr 27, 2011 10:58 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by lo36789 » Wed May 10, 2017 7:23 am

woody58 wrote:1. I thought anybody could buy shares in DFC as long as it was not more than 15%, so i don't understand why a vote is needed to accept RS money. If I wanted to donate 40,000 to the playing budget would the shareholders need to take a vote on accepting my money.
No because you would be either donating directly into the Boost the Budget fund OR you would be purchasing Community Shares in the DFCSG (1 member 1 vote).

If you wanted to be a private investor of £40,000 shares directly into Darlington Football Club 1883 Limited then yes it would require a vote from the shareholders to release the shares for you.

To provide Raj Singh with £40,000 of shares Darlington Football Club 1883 is required to effectively do a £40,000 share issue. A share issue of this type which effectively waters down everybody who has shares in the club requires a vote of the shareholders.

User avatar
Mr_Tibbs
Posts: 3293
Joined: Fri Jul 31, 2009 8:55 pm
Team Supported: The Almighty Darlo
Location: Gruzia
Contact:

Re: RS Investment Poll

Post by Mr_Tibbs » Wed May 10, 2017 7:29 am

theoriginalfatcat wrote:Martin Gray said at the fans forum that the investors would have to have 51% control.

What he decided NOT TO SAY at the fans forum was that raj Singh was behind the offer.

This is the end game, Singh in charge of our club
and yet none of us know why?

What if MG got sacked, or left because there was a delay (longer than the 2 weeks he gave us, which runs out this Saturday) in being able to set a big enough budget for his liking.

Would Raj stick around, or is his attachment firmly focussed on having MG at the helm (as Wayne actually said in his first statement). What if Ronnie Moore or someone became our manager - would Raj still want to invest... or has he got something cooked up with Martin Gray?
Join - Shop - Collect

Collect free donations for your club every time you shop the easyfundraising way:

Image

www.easyfundraising.org.uk/causes/dfcsg

banktopp
Posts: 861
Joined: Fri Jan 25, 2013 8:59 pm
Team Supported: Darlington
Location: Hereford

Re: RS Investment Poll

Post by banktopp » Wed May 10, 2017 8:05 am

Divide and conquer.
Up until the ff we were a united club whole heartedly behind the manager and looking forward to the new fundraising initiatives being announced. Gray blew all that out of the water with his behind the scenes cosying up to Singh for investment. He must have known that such an investor would cause massive divisions within the club that we own.
And now we are split down the middle, fundraising has stalled, which they hope will make accepting £40000 more likely.
Reject out of hand this blood money, get the fundraising back on track and if Gray walks so be it. Thanks for everything you have done these last 5 years but there are other managers out there who won't go behind our backs and try to bring in the worst owner in our history again.

woody58
Posts: 176
Joined: Sat Nov 13, 2010 5:00 pm
Team Supported: Darlington
Location: Germany

Re: RS Investment Poll

Post by woody58 » Wed May 10, 2017 8:13 am

lo36789 wrote:
woody58 wrote:1. I thought anybody could buy shares in DFC as long as it was not more than 15%, so i don't understand why a vote is needed to accept RS money. If I wanted to donate 40,000 to the playing budget would the shareholders need to take a vote on accepting my money.
No because you would be either donating directly into the Boost the Budget fund OR you would be purchasing Community Shares in the DFCSG (1 member 1 vote).

If you wanted to be a private investor of £40,000 shares directly into Darlington Football Club 1883 Limited then yes it would require a vote from the shareholders to release the shares for you.

To provide Raj Singh with £40,000 of shares Darlington Football Club 1883 is required to effectively do a £40,000 share issue. A share issue of this type which effectively waters down everybody who has shares in the club requires a vote of the shareholders.
So is my understanding correct that Raj Singh is "DONATING" nothing to the playing budget.
He wants to buy 40 Grand worth of shares, which of course he could be allowed if the shareholders agree to this, and of course the money could then be used by the football club in any way they choose.
But Singh is saying I want the 40,000 that buys my shares specifically spent on MG's playing budget and pretending it is a donation or will his total layout be 40,000 donation + 40,000 for shares + 10,000 already donated to receive 15% in shares

super_les_mcjannet
Posts: 5995
Joined: Fri Jan 27, 2012 8:41 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by super_les_mcjannet » Wed May 10, 2017 8:16 am

He is putting in 40k for shares but straight to MG for playing budget.

He will get either 10% or 11% of DFC depending if DFCSG can agree the 40k share purchase or not.

He will have put in 50k at that point.

User avatar
Spyman
Posts: 12644
Joined: Thu Jul 09, 2009 10:04 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by Spyman » Wed May 10, 2017 8:18 am

woody58 wrote:
lo36789 wrote:
woody58 wrote:1. I thought anybody could buy shares in DFC as long as it was not more than 15%, so i don't understand why a vote is needed to accept RS money. If I wanted to donate 40,000 to the playing budget would the shareholders need to take a vote on accepting my money.
No because you would be either donating directly into the Boost the Budget fund OR you would be purchasing Community Shares in the DFCSG (1 member 1 vote).

If you wanted to be a private investor of £40,000 shares directly into Darlington Football Club 1883 Limited then yes it would require a vote from the shareholders to release the shares for you.

To provide Raj Singh with £40,000 of shares Darlington Football Club 1883 is required to effectively do a £40,000 share issue. A share issue of this type which effectively waters down everybody who has shares in the club requires a vote of the shareholders.
So is my understanding correct that Raj Singh is "DONATING" nothing to the playing budget.
He wants to buy 40 Grand worth of shares, which of course he could be allowed if the shareholders agree to this, and of course the money could then be used by the football club in any way they choose.
But Singh is saying I want the 40,000 that buys my shares specifically spent on MG's playing budget and pretending it is a donation or will his total layout be 40,000 donation + 40,000 for shares + 10,000 already donated to receive 15% in shares
Precisely. If he buys shares then surely it is up to the club's board (or the shareholders, ie DFCSG?) to decide how that money is best allocated.

So if he buys his £40k worth of the club then what is stopping John Tempest choosing to put this money towards ground development?
On Sunday April 29, 2012 at 10:25 pm, Darlo Cockney wrote:Sadly some people have nothing better to do that invent rumours.

We will be playing at the arena again next season - fact.

Quakerz - if you actually attended games and spoke to people you might actually find our facts, rather than spreading s*** on this board.

DC

tezza
Posts: 1005
Joined: Wed Jun 29, 2011 10:25 am
Team Supported: Darlington
Location: Darlington
Contact:

Re: RS Investment Poll

Post by tezza » Wed May 10, 2017 9:11 am

Yarblockos wrote:You really need to change the title of the poll, no wonder people are voting no.

The 40K is not the investment proposal. The investment proposal is to come.
100% correct. Take his money to get the start of next season on track and introduce some stability. The detailed proposal will be the real time for consideration.

It has also been stated that he put £10k into the pitch improvement pitch. We do not know that as a fact.

Quakerz
Posts: 20958
Joined: Sat Jul 11, 2009 6:32 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by Quakerz » Wed May 10, 2017 9:14 am

tezza wrote:
Yarblockos wrote:You really need to change the title of the poll, no wonder people are voting no.

The 40K is not the investment proposal. The investment proposal is to come.
100% correct. Take his money to get the start of next season on track and introduce some stability. The detailed proposal will be the real time for consideration.

It has also been stated that he put £10k into the pitch improvement pitch. We do not know that as a fact.
The club statement said that the investors had put in 10k. As of now, the investors is Raj Singh and that means it's a fact until we know different.
Image

“Everybody knows where that club is going now, so I’m out of the way. They can carry on, it’s their club, they can keep it." - Raj Singh, 2017

tezza
Posts: 1005
Joined: Wed Jun 29, 2011 10:25 am
Team Supported: Darlington
Location: Darlington
Contact:

Re: RS Investment Poll

Post by tezza » Wed May 10, 2017 9:30 am

DarloDave40 wrote:If you look at the amount raised on budget and pitch fund strategies, the numbers of individuals actually investing is very low, can we really relay on these individuals taking the club to the next level? Surely we can't and it's time to look at outside sizeable investment if we want to take the club forward. Anyway it's time for the fans to decide.
Relying on a dwindling number of personal small investors season after season is "death by a thousand cuts" . Reliance on 50/50 sales etc. will only get us so far.
The £40K to my way of thinking is low risk to the Club, DFCSG or fans. That and the assumed £10K previously given is significantly below the max 15% shareholding allowed by an individual investor, and poses no serious threat of operational influence as the articles stand.
You are not quite correct when you say it is time or he fans to decide, its a halfway stage, the decision faced now is to accept the initial investment ....which then allows a further investment proposal ..that is months down the line, probably well into the season starting , RS or a consortium. That is when the real decision start.

lo36789
Posts: 10930
Joined: Wed Apr 27, 2011 10:58 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by lo36789 » Wed May 10, 2017 9:33 am

The poll is whether people would accept Raj Singh as the proposed investor - who do you think the proposed investor is at this stage?

The previous £10k was just a donation. To allocate him share capital would have required a vote of the Supporters Group.

I tell you what is abundantly clear. There is a significant proportion of the fan base who do not know the difference between shares in the club, the Boost the Budget fundraising and community shares in the Darlington FC Supporters Group.

comeondarlo
Posts: 2801
Joined: Fri Jul 10, 2009 7:54 am
Team Supported: Darlington
Location: A Swimming Pool (usually).

Re: RS Investment Poll

Post by comeondarlo » Wed May 10, 2017 9:56 am

Quakerz wrote:The current proposal gives the budget a decent boost with no real risk to the club.

This seems pretty straightforward to me - he's just buying shares (albeit a big lump) like anyone else can do.

It's an easy decision to accept this - however - morally not an easy decision.

The biggest and hardest decision would be whether we allowed further investments, and it is not set in stone that if we accept this, that we have to agree to further proposals.

This is where I am roughly.
I understand and respect the 'No' voters though basically we need more information and tough no holds barred questions asked of RS.

ambiente
Posts: 243
Joined: Thu Jul 09, 2009 9:05 pm
Team Supported: Darlington
Location: Tynemouth

Re: RS Investment Poll

Post by ambiente » Wed May 10, 2017 10:07 am

comeondarlo wrote:
Quakerz wrote:The current proposal gives the budget a decent boost with no real risk to the club.

This seems pretty straightforward to me - he's just buying shares (albeit a big lump) like anyone else can do.

It's an easy decision to accept this - however - morally not an easy decision.

The biggest and hardest decision would be whether we allowed further investments, and it is not set in stone that if we accept this, that we have to agree to further proposals.

This is where I am roughly.
I understand and respect the 'No' voters though basically we need more information and tough no holds barred questions asked of RS.
And we expect Him to tell us the truth, the whole truth and nothing but the truth. How quickly we forget. Should he be anywhere near the club, no no and even more no. I vote no.

comeondarlo
Posts: 2801
Joined: Fri Jul 10, 2009 7:54 am
Team Supported: Darlington
Location: A Swimming Pool (usually).

Re: RS Investment Poll

Post by comeondarlo » Wed May 10, 2017 10:35 am

ambiente wrote:
comeondarlo wrote:
Quakerz wrote:The current proposal gives the budget a decent boost with no real risk to the club.

This seems pretty straightforward to me - he's just buying shares (albeit a big lump) like anyone else can do.

It's an easy decision to accept this - however - morally not an easy decision.

The biggest and hardest decision would be whether we allowed further investments, and it is not set in stone that if we accept this, that we have to agree to further proposals.

This is where I am roughly.
I understand and respect the 'No' voters though basically we need more information and tough no holds barred questions asked of RS.
And we expect Him to tell us the truth, the whole truth and nothing but the truth. How quickly we forget. Should he be anywhere near the club, no no and even more no. I vote no.
I'm not going to argue with you tbh. As I say I respect and totally understand the No vote, it was my initial reaction too. My opinion has moved but only slightly from yours tbh. We need more information, we need to hear him speak....

Darlo_Pete
Posts: 14080
Joined: Thu Jul 09, 2009 10:13 pm
Team Supported: Darlington

Re: RS Investment Poll

Post by Darlo_Pete » Wed May 10, 2017 10:39 am

It's a no brainer as far as I am concerned. The £40k donation to the playing budget has to be welcomed, as it will help to give us a team to target the play-offs next season. It will also give us and the club a chance to see what Ray Singh plans for the club and the way he sees us going forward. It also will allow us to see who the other investors are, as that could make a difference to the whole proposal. If you get someone like Hodgy or McClaren involved, then it becomes a whole different kettle of fish.

What he says to Ray Simpson will be crucial in whether these proposals are accepted or not.

woody58
Posts: 176
Joined: Sat Nov 13, 2010 5:00 pm
Team Supported: Darlington
Location: Germany

Re: RS Investment Poll

Post by woody58 » Wed May 10, 2017 10:43 am

tezza wrote:
Yarblockos wrote:You really need to change the title of the poll, no wonder people are voting no.

The 40K is not the investment proposal. The investment proposal is to come.
100% correct. Take his money to get the start of next season on track and introduce some stability. The detailed proposal will be the real time for consideration.

It has also been stated that he put £10k into the pitch improvement pitch. We do not know that as a fact.

The 40k is definitely not a donation to the playing budget.
I personally do not have any concerns over who buys small shareholdings in DFC as long as the Fans retain majority control.
But to be honest why should Raj Singh (if allowed) be able to buy shares in the club with a condition attached saying you must spend the money I invested as I see fit.

The Investment proposal ( Takeover Bid) will come at a later date for sure, but for now I would take every penny Singh offers, it will never be enough after what he did to DFC.

Post Reply