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Northern Echo Invests

by Wayne Raper - 20th February 2012

northern echo invests

Local paper 'The Northern Echo' today announced plans to invest £10K in Darlington FC 1883 structured over the three share investement phases.

Peter Barron, editor of The Northern Echo, said: "The paper has been at the heart of the campaign to save Darlington Football Club from the outset and we have decided to make this investment as a further demonstration of our support.

"These are challenging economic times for all businesses and we recognise the sensitivities of making this investment. However, as Darlington's local paper, we felt it was something we had to do. Darlington Football Club is an important part of our business, supporting sales of the paper, and it is an investment on behalf of our readers.

"The £10,000 will be split over the three phases of the appeal and I sincerely hope we get that far. It certainly won't be for the lack of effort."

Darlington MP Jenny Chapman said: "It is fantastic that The Northern Echo is showing such support for the appeal in these difficult times. I'm sure it will be appreciated by everyone associated with the club and I hope other companies feel they are able to follow suit."

Mark Maynell, of the campaign group Darlington FC 1883 Ltd, described The Northern Echo's announcement as "tremendous news".

The investment will be made by Newsquest (Yorkshire & North-East) Ltd, publishers of The Northern Echo, Darlington and Stockton Times and Advertiser series.

It is hoped this will be the first big investment by local business, although it is thought some have invested under the radar through Crowdcube already and there are plans for an investor day to be held at the stadium in the very near future.

Comments

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divas - 20th February 2012 11:09:43

Split over the 3 share phases

Well done :clap:

http://www.thenorthernecho.co.uk/sport/ ... o_invests/

Quakerz - 20th February 2012 11:10:29

Has this already gone in to the current £173,000 or is it on top?

fat tony - 20th February 2012 11:11:29

Great news. Hopefully that sets an example to other local businesses.

BlackandwhiteBOB - 20th February 2012 11:13:45

Reading the article it sounds like it's on top!

Quakerz - 20th February 2012 11:16:45

The Echo, and especially Peter Barron, have played a blinder during this administration and I for one can't thank them enough.

Criticisms of the past are long forgotten.

SteveSC - 20th February 2012 11:21:00

why the title 'test'?

m62exile - 20th February 2012 11:26:35

Quakerz wrote:
The Echo, and especially Peter Barron, have played a blinder during this administration and I for one can't thank them enough.

Criticisms of the past are long forgotten.


Couldn't agree more.

Hilly - 20th February 2012 11:28:48

Hopefully the guys over at Trinity Mirror (the company that runs The Gazette) will look at doing something similar.

al_quaker - 20th February 2012 11:32:44

Good on them. We're going to need plenty of businesses to invest big sums to get close to the target.

divas - 20th February 2012 11:35:54

Gremlins in the machine!

Fatty eats roadkill - 20th February 2012 11:37:52

Aren't Trinity Mirror teetering on the abyss?

BaronsCourtQuaker - 20th February 2012 11:40:39

Its great to see the first local business add there support to the fund.

Hopefully encourage a few more to do the same and perhaps with some good press to boot, perhaps some roll of honour in the North echo for those investing £5k £10k etc

Andrew Wilkinson - 20th February 2012 11:41:53

No - Trinity Mirror are not teetering on the abyss

lo36789 - 20th February 2012 11:47:53

Is that the same Trinity Mirror who are the main tabloid rivals to News International, teetering on the abyss!!??

Fatty eats roadkill - 20th February 2012 11:50:49

My mistake then Andrew. I just seemed to remember a couple of years ago they were trying to close/flog off a few regional papers due to pension fund shortfalls and declining sales/readership numbers.

Lo36789 yes it is the same group.

Hilly - 20th February 2012 11:51:19

Fatty eats roadkill wrote:
Aren't Trinity Mirror teetering on the abyss?

Not that I know of. They've just bought out the company I work for.

shadwellman - 20th February 2012 11:57:29

In that case then hopefully they will make an investment.

MikeinBlack - 20th February 2012 12:20:45

Fantastic initiative by The Echo! Any chance the Gazette could chip in with a bit, notwithstanding it being a Boro paper it still does an awful lot of good articles on Darlo and is a constant source of info. A smaller amount perhaps?

Andrew Wilkinson - 20th February 2012 12:33:07

It's possible. I'm planning to ask

Hilly - 20th February 2012 12:33:38

Andrew Wilkinson wrote:
It's possible. I'm planning to ask

Good man.

shadwellman - 20th February 2012 14:10:00

I second that!

MikeinBlack - 20th February 2012 14:12:05

Thirded here, we will deffo need the support and good will from all of the local press in the coming months/seasons.

mikkyx - 20th February 2012 14:12:38

Andrew Wilkinson wrote:
It's possible. I'm planning to ask


You will, of course, have to invest more than the Echo. Just this once the fighting between the Echo and the Gazette to be Darlo's "number 1" paper might actually benefit the club ;)

Darlo Nutz - 20th February 2012 14:25:19

Andrew Wilkinson wrote:
No - Trinity Mirror are not teetering on the abyss


We not far from the edge of the abyss though I work for a paper which is part of the Trinity Mirror group, just in transport. We not exactly flush as there has been loads layed offs and my hours have been cut down so we defo not in a position of donating £10k :-(

Hilly - 20th February 2012 15:40:32

Darlo Nutz wrote:
Andrew Wilkinson wrote:
No - Trinity Mirror are not teetering on the abyss


We not far from the edge of the abyss though I work for a paper which is part of the Trinity Mirror group, just in transport. We not exactly flush as there has been loads layed offs and my hours have been cut down so we defo not in a position of donating £10k :-(

A bit misleading. Trinity Mirror themselves are doing fine - they are however beginning to branch out more into digital media (hence why our company has been bought).

AndyPark - 20th February 2012 16:42:52

Fair play to them :clap: They've done loads for us over the last few weeks/months :clap:

Darlo Nutz - 20th February 2012 16:49:39

Certain branches of the Trinity Mirror may not be doing as good as some but as a whole only early last year they closed there big plant in Liverpool, advertisement in itself is suffering hence papers in certain areas are stuttering in making profit and are propped up by other avenues just to keep a local paper printing as its making a loss. We never had a Crimbo party last year and that's always a big thing for end of year for staff morale but things were to tight they couldn't shell out the £10 per head costs. And end of year bonus was down last year so dread to think what or if there is one. So I wonder where the funds would come from to make a donation

EARTHQUAKER - 20th February 2012 17:13:05

:clap: Great news

Fatty eats roadkill - 20th February 2012 17:24:15

Darlo Nutz wrote:
Certain branches of the Trinity Mirror may not be doing as good as some but as a whole only early last year they closed there big plant in Liverpool, advertisement in itself is suffering hence papers in certain areas are stuttering in making profit and are propped up by other avenues just to keep a local paper printing as its making a loss. We never had a Crimbo party last year and that's always a big thing for end of year for staff morale but things were to tight they couldn't shell out the £10 per head costs. And end of year bonus was down last year so dread to think what or if there is one. So I wonder where the funds would come from to make a donation


My company made £40 million profit last year and we didn't even get a Christmas card off them. Just an e-mail! Christmas party was provided by the depot welfare club.

Oh and I've asked the area ops manager about us, but he's a Leeds fan and got no joy there!

I suppose that's what happens when you're half owned by the Dutch government :thumbdown: :thumbdown:

ted_do - 20th February 2012 18:01:40

Well done to the Echo, this crisis they have really been involved in our fight and not just sat on the sidelines. I hope there are a few more local businesses ready to invest. I`m trying to get my company to help but as they are a multinational PLC they are not interested they only help out registered charities.