Re: A new low

By Arthur14/1/2022 15:56Fri Jan 14 15:56:49 2022In response to Re: A new low

Views: 1282

We really need a wake up call here. We need some Janet and John economics and to consider the reality of the situation. Firstly Joe Dixon is not the only director of STAINES TOWN FC. You are at liberty to ask questions of any of the Board if you so wish. Joe Dixon is the majority shareholder.

As an investor in STAINES TOWN FC he is entitled to spend his money on protecting his investment as he sees fit. Playing football at an alternative venue is possible. Is it suggested we build a new stadium; if so who pays? Or do you suggest a ground share? If so, where, and how many new supporters do you think we will attract for our "home game" and how many fans would stop coming.

With regards to the Thames Club. the 2015 accounts, after a cash injection from investors of £1,500,000, the net assets were £1,491,318. This is the rough guide to the worth of the company.You case argue about goodwill, and resale value versus net book value, but in rule of thumb terms the net assets were about the cash sums Downings had convinced investors to put into the Thame Club. At the end of December 2020, those net assets were £117,443. In simple terms, if you invested a tenner in 2015, it would be worth £1 at the end of 2020. There can only be one thing an investor would be interested in. We can then go into the arguments about the increasing effects of global warming, including the likelihood of the area flooding. Should the council permit development on the flood plain. Can the infrastructu7re drainage cope for starters.

There are a number of other outstanding legal issues being raised by our landlords, to (presumably) try to mitigate their potential losses. We can see from the recent cladding issues following Grenfell Tower, developers soon disappear once they have cashed in. The legal cases involved which Joe is pursuing firstly is to protect his investment (which sees football at Wheatsheaf Park for as long as you care to think. Secondly it protects all of us a Staines Council tax payers from being saddled with further debts should development take place and the developer disappear. .Rathe than take it out on Joe, you should all be 110% behindd him.

Joe has held more question and answer sessions than any previous Stainers Town owner. When was the last time the Glazers held Q&A, or the owners of any football league club you wish to namer. Think before you speak and support the club, as I do, Joe Dixon does, and I hope each one of you does.

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