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Post by kronkie on Jan 2, 2008 14:26:44 GMT
Just thinking, all of us who have these accounts are putting a lot of money into our club but just where does it go?
Do any of you out there think that we should have an imput into where it goes as I personally would hate to think that some of it goes to paying the wages of certain players.
I read a while ago the amount goes into £100s 0f thousands so why not let the people that get a lower interest rate in this account, compared to higher interest accounts, have a say where it goes.
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Post by bayernoatcake on Jan 2, 2008 14:45:35 GMT
The academy I think.
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Post by Lakeland Potter on Jan 2, 2008 14:54:08 GMT
It used to go towards the Academy. But sometime during the Icelanders reign they started to use the money as general income.
I don't see how you could give investors the say in how the money is used. Half the fans appreciate what Sidibe brings to the team the other half wouldn't pay him in washers. Most fans like Lawrence, there was a bloke on Saturday calling for the Hull players to break his leg. etc. etc. Each time we buy a player do you want the investors to be given a vote as to whether their money can be used to pay that player's wages?
If you don't want the money to be used as general income, don't invest in the account. Simple.
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Post by kronkie on Jan 2, 2008 16:51:07 GMT
Forny
You are quite right, as usual, it would be difficult to monitor the funds with regard to which player would get some of it but I would be very happy to go along with Bayern and the old system putting the money into the academy.
As you again stated if I dont like it then get out, and do you know what I shall be doing tomorrow, your right again, its a high interest account with the Halifax.
Thanks for the advice.
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Post by Pedropotter on Jan 2, 2008 16:53:56 GMT
I'd rather trust SCFC with my money than give it to some Leeds supporting Halifax investor to put towards his season ticket.
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Post by Deleted on Jan 2, 2008 18:13:44 GMT
It used to go towards the Academy. But sometime during the Icelanders reign they started to use the money as general income. No it didn't. It was advertised as "funding the academy" under the IceMen (who "started" the scheme - at SCFC - in the first place) but the money has never actually been ring-fenced for that sole purpose. All SCFC income goes into one big pot, and gets spent on stuff.  ah |
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Post by Thank you from Moorlander1 on Jan 2, 2008 21:44:39 GMT
Forskin isnt correct,he argued with me the last time I broached this subject. The amount of money earned by the club is down and this years figure to the club is £700 od thousand pounds.
You could simply insist that the money from your accounts must go to the running of the Academy,a great cause really.
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Post by Thank you from Moorlander1 on Jan 2, 2008 21:45:00 GMT
Forskin isnt correct,he argued with me the last time I broached this subject. The amount of money earned by the club is down and this years figure to the club is £700 od thousand pounds.
You could simply insist that the money from your accounts must go to the running of the Academy,a great cause really.
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Post by petercoatesbarmyarmy on Jan 2, 2008 21:53:41 GMT
money does go towards the running of the academy it costs about 900,000 to run the academy with only about 200,000 coming from the football league so the 750.000 from the account keeps it going.
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Post by knowingeye on Jan 2, 2008 22:22:56 GMT
Melon sorry but you're incorrect, as the Britannia Save & Support funds were originally directed to the Academy (as marketed), but are now used in the general account, hence the lack of funds towards the end of Pulis' last tenure and the threat to close the Academy down due to lacking of funding.
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Post by Thank you from Moorlander1 on Jan 3, 2008 1:01:09 GMT
I totally agree knowingeye.
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Post by OldStokie on Jan 3, 2008 1:29:19 GMT
Just look at it this way, guys. You can invest your money in the BSASA and rest well knowing it is paying the wages of Pulis Jnr, Buxton, Broomes, Sweeney and Pericard, leaving the club to finance the 'proper' players. If you can get your mind around that, it sounds a good idea.  OS. |
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Post by knowingeye on Jan 3, 2008 1:51:26 GMT
It's a disgrace how these funds have been syphoned off when originally marketed for youth development and Peter Coates was on the board when the changes were made to the direction of the expenditure priorities. Again when the puffin munchers tried to close the Academy, he and Phil R stood up to them! Funnily enough though, didn't Pulis ask for the funding to be used for the first team and publically call for the Academy to be closed?
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Post by kronkie on Jan 3, 2008 17:02:47 GMT
Whats even more annoying is Britannia are only giving us a max 3.9% AER with £50000 plus in a account and giving Manure 5.25% with only £1 in the account.
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