Change is inevitable ...except from a vending machine!
BillyRhino wrote:
So in best IA mode ..<.Possibley World Class, could be the greatest thing since sliced bread....am personally very excited, and confidently expect him to prove my predictions are bang on target.... Alternatively he could be rubbish>
The thing you are forgetting Grobs is that while the shares are relative worthless, the directors loans & charges against Wheldon Road are not! I don't know the exact figures but I know several other posters have seen the accounts & the land registry entries, and the totals run in to several million. I think Jack has over a million owed in directors loans. I would think that any takeover bid would have to account for paying Jack back his money or reach agreement with him about not calling in his loans... but the new shareholders would have to understand he could still call them in, at any point!
The point is, the potential or actual cost of a take-over of Cas Tigers, runs in the millions & not hundreds of thousands!
Bought a lot of shares over the years up the road mate and while i did not expect any return i did it to get a say/vote, they did not listen and my shares are up the creek.
But those fans who can afford it should buy shares imo.
When you have got everything related to your club (Shirts, Season tickets, Lottery and so on) and you have an interest in the business side of running a professional RL club - buying shares can be a good gift or present. For a couple of hundred quid you get into meetings and access to the accounts. They were only £10 each when I got some but are now worth £40 each.
Also another point worth noting is that JF's son is now a director at CT. He could effectivly hand over to him when the time is right. There is no sign of any take-over happening down the lane.
Hold on....at ease everybody, before I'm found guilty of starting a mutiny at the club ..........I am talking about 'buying into' not 'buying out'!!!!
My thoughts were leading in two different directions.
The first way was as put by others to buy a few hundred quid's worth or a couple of grands worth of shares, just to get a glimmer of what is discussed at shareholder meetings.
The second thought pattern was for a fan based consortium to buy a significant number of shares to get a bit of 'say' in what happens behind the closed doors. Would £50K...£100K, £200K etc get a consortium of fans a significant say?
"Castleford's biggest home crowd of the 1991-1992 season wasn't quite 12,000 while on average they'd sit around 6000 but the noise, the chanting and the singing just blows you away" - Tawera Nikau "Standing Tall"
"I can tell you the atmosphere was extraordinary at Wheldon Road on big days. The ground held around 15,000 people, every one of them close to the action on the field and the noise would be enough to send a rumble through the town" - Malcolm Reilly "Reilly - A Life in Rugby League"
The second thought pattern was for a fan based consortium to buy a significant number of shares to get a bit of 'say' in what happens behind the closed doors. Would £50K...£100K, £200K etc get a consortium of fans a significant say?
If by "a bit of a say" you mean to have a majority over JF/RW, about £600K should do it!
A similar question: would you pay an amount per month if it meant the money taken by the club was used solely on recruitment and only recruitment (I.e bridging cap gap)
A similar question: would you pay an amount per month if it meant the money taken by the club was used solely on recruitment and only recruitment (I.e bridging cap gap)
I would - definately. We do it now to some extent with the Tigers Lottery allthough this goes directly to junior development and involves a pay-out to the winners. A new donations based scheme to bridge the cap-gap would be a great idea.
A similar question: would you pay an amount per month if it meant the money taken by the club was used solely on recruitment and only recruitment (I.e bridging cap gap)
I would - definately. We do it now to some extent with the Tigers Lottery allthough this goes directly to junior development and involves a pay-out to the winners. A new donations based scheme to bridge the cap-gap would be a great idea.
IMO this whole area is on aspect of our marketing that could be massively improved at Cas. I'd guess that there is a fair number of our supporters who have no idea, or who have not been clearly informed, of what the Tigers Lottery money is used for. We all love to see our juniors come through and perhaps greater transparency or understanding of how the lottery helps to happen, would encourage more fans to set up a direct debit for a quid or two each week.
The topic really is one where we could play with the numbers all day long, but just imagine if a 1000 fans pledged £5 or £10 each month it would be a fantastic boost for the club and when you think about it £5 or £10 is nothing really! In fact, I'd go the whole hog and name a player as the 'fans sponsored player' for a given season and issue them with the squad number that is currently allocated to the fans!
The topic really is one where we could play with the numbers all day long, but just imagine if a 1000 fans pledged £5 or £10 each month it would be a fantastic boost for the club and when you think about it £5 or £10 is nothing really! In fact, I'd go the whole hog and name a player as the 'fans sponsored player' for a given season and issue them with the squad number that is currently allocated to the fans!
Stolen my thunder, almost to the word!
It's a great idea, could raise enough for two players (a senior and a junior?) with a high take up. Fans get a 'share' certificate to hang on the wall, player pops to supporters club events every now and then. I'd be up for it and I'd get a subsription for the kids as well.
The thing you are forgetting Grobs is that while the shares are relative worthless, the directors loans & charges against Wheldon Road are not! I don't know the exact figures but I know several other posters have seen the accounts & the land registry entries, and the totals run in to several million. I think Jack has over a million owed in directors loans. I would think that any takeover bid would have to account for paying Jack back his money or reach agreement with him about not calling in his loans... but the new shareholders would have to understand he could still call them in, at any point!
The point is, the potential or actual cost of a take-over of Cas Tigers, runs in the millions & not hundreds of thousands!
Total liabilities of Cas Tigers are £2,200,043. Including £958,352 owed to creditors, a £289,491 overdraft and a £950,000 short term loan.
Inflatable_Armadillo wrote:
The thing you are forgetting Grobs is that while the shares are relative worthless, the directors loans & charges against Wheldon Road are not! I don't know the exact figures but I know several other posters have seen the accounts & the land registry entries, and the totals run in to several million. I think Jack has over a million owed in directors loans. I would think that any takeover bid would have to account for paying Jack back his money or reach agreement with him about not calling in his loans... but the new shareholders would have to understand he could still call them in, at any point!
The point is, the potential or actual cost of a take-over of Cas Tigers, runs in the millions & not hundreds of thousands!
..........I am talking about 'buying into' not 'buying out'!!!!
