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Topic: McFake out!
281. Author:  Alter Ego        
Date: Sun 13th Oct 2024. 21:28

So a few millionaires and a billionaire comes in and leaves DAFC like this?? Wanting to bring youth in and we have an Astro with a few portakabins??



Post Edited (Sun 13 Oct 21:31)

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282. Author:  pars4life1        
Date: Mon 14th Oct 2024. 06:40

Aye, if they`re not committed to spending the money then fawning over their net worth`s seems a tad silly.



Reply
283. Author:  GG Riva        
Date: Mon 14th Oct 2024. 06:52

pars4life1, Mon 14 Oct 06:40

Aye, if they`re not committed to spending the money then fawning over their net worth`s seems a tad silly.


Is that aimed at me or those who brought our outgoing investors in?

I don`t think it`s unreasonable to believe that a group of people with considerably deep pockets would be quite relaxed about throwing more than a few quid into the Pars coffers, to at least allow the manager to assemble a competitive squad for the league we`re in and even have a tilt at promotion.

My understanding is that they`ve invested around £2m and while that`s more than "a few quid," it`s only loose change to these guys, and it certainly hasn`t gone on new players.



Not your average Sunday League player.


Reply
284. Author:  kelty_par        
Date: Mon 14th Oct 2024. 08:56

That`s what I don`t get. I`ve no reason to doubt GG when he says they are so wealthy but when you look at things that actually happened on the ground then it`s clear they weren`t interested at all. They mentioned being a community club - well one part of the community couldn`t access the bars and suites, so the Disabled Supporters Club started fundraising for lift access. If these guys were so wealthy and wanted to show their "community club" credentials then funding that lift would have been achievable by collecting loose chance from the backs of their expensive sofas. The training ground is to be used by the community, so why did it take public funds and grants to become available before it got started? The stupid mission statement (why do companies and councils and clubs have to employ such nonsensical Linked-in managementspeak bollocks?) has ACCOUNTABILITY as one of the four pillars but the GmbH group don`t accept any accountability at all. Anyway, no matter who is in control of things at the club, surely another defeat on Saturday has to be the end? We can`t go through a quarter of the league campaign with only one win and still pretend everything is OK.



Reply
285. Author:  Steve mcgregor        
Date: Mon 14th Oct 2024. 11:08

I’m not enjoying the football that we are playing but if I remember rightly, did McPake not have a list of 8 players he wanted at end of last season and was told no! Not sure if it would of made us any better but what I’m trying to say is, shouldn’t the board be getting some flak as well

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286. Author:  Rusty Shackleford        
Date: Mon 14th Oct 2024. 11:20

Kelty - my reading of the situation is that whilst they might all be extremely wealthy & successful etc we were no doubt part of a portfolio of investments for each of them i.e. I doubt we`re keeping any one of them awake at night.

Plus, you tend not to get extremely wealthy by frittering cash away on unprofitable ventures, hence the slow and steady approach.

I do agree with you on the lift thing though, would have been a great PR move.

What we really need is a rich benefactor, with huge emotional ties to the club and one who doesn`t mind losing money or offsetting losses against something else.

Step forward!



Reply
287. Author:  DA-go Par Adonis        
Date: Mon 14th Oct 2024. 11:21

Oluwayami, Fogarty, Ngwenya, Wotherspoon, Cooper, Clay, Kane, Madube...

There`s a list of 8 players he has signed. Who were the 8 that he was not allowed to bring in?

----------------------------------------------------------------------------------------------
I love it when we go sell Kevin Nisbet,
He's gonna pay for everyone this season.


Reply
288. Author:  wee eck        
Date: Mon 14th Oct 2024. 12:43

Wealthy people tend to be happy to accept any public money available for their ventures; that`s part of the reason they become wealthy (c.f. Jim Ratcliffe who seems to think public money should be invested in Old Trafford) so I`m not surprised they applied for grants to develop Rosyth.

I think the question of them investing in the stair-lift was maybe raised before and an explanation given - maybe Stanza can help. Generally I think the club didn`t want the new investment to discourage the normal fund-raising efforts of the fans which were seen as an essential ongoing element of a club like ours.

Unfortunately because private company accounts are not required to give any detail regarding expenditure we are unlikely to know exactly what their investment was spent on but the fact is they invested around £2m at a time when we seem to have lost around that amount in two years so they helped finance these losses.



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289. Author:  neilholland999        
Date: Mon 14th Oct 2024. 16:28

Rusty Shackleford, Mon 14 Oct 11:20

What we really need is a rich benefactor, with huge emotional ties to the club and one who doesn`t mind losing money or offsetting losses against something else.

Step forward!


Can we not encourage Sir Alex Ferguson to help us out, or at least ask him to pull a few strings? 😀

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290. Author:  Paralex        
Date: Mon 14th Oct 2024. 16:49

The only Fifer I`m aware of who loosened the purse strings was Andrew Carnegie and he`s a distant memory.



Reply
291. Author:  GG Riva        
Date: Mon 14th Oct 2024. 16:59

Paralex, Mon 14 Oct 16:49

The only Fifer I`m aware of who loosened the purse strings was Andrew Carnegie and he`s a distant memory.


And even then, it was only after he realised he couldn’t take it with him...... 🙄



Not your average Sunday League player.


Reply
292. Author:  Paralex        
Date: Mon 14th Oct 2024. 18:28

GG Riva wrote:

>
Paralex, Mon 14 Oct 16:49
>
> The only Fifer I`m aware of who loosened the purse strings was
> Andrew Carnegie and he`s a distant memory.

>
> And even then, it was only after he realised he couldn’t take
> it with him...... 🙄

Not far wrong with that I guess. I did hear that he was a bit stingy with the wages for his workers. Not sure he was a Pars man either. Bit of a Mason, I heard. 😊
>
>



Reply
293. Author:  Dave_1885        
Date: Mon 14th Oct 2024. 19:56

Paralex, Mon 14 Oct 18:28

GG Riva wrote:

>
Paralex, Mon 14 Oct 16:49
>
> The only Fifer I`m aware of who loosened the purse strings was
> Andrew Carnegie and he`s a distant memory.

>
> And even then, it was only after he realised he couldn’t take
> it with him...... 🙄

Not far wrong with that I guess. I did hear that he was a bit stingy with the wages for his workers. Not sure he was a Pars man either. Bit of a Mason, I heard. 😊
>


Did slaves get paid wages back then? 🤔

Reply
294. Author:  GG Riva        
Date: Mon 14th Oct 2024. 20:51

Dave_1885, Mon 14 Oct 19:56

Paralex, Mon 14 Oct 18:28

GG Riva wrote:

>
Paralex, Mon 14 Oct 16:49
>
> The only Fifer I`m aware of who loosened the purse strings was
> Andrew Carnegie and he`s a distant memory.

>
> And even then, it was only after he realised he couldn’t take
> it with him...... 🙄

Not far wrong with that I guess. I did hear that he was a bit stingy with the wages for his workers. Not sure he was a Pars man either. Bit of a Mason, I heard. 😊
>


Did slaves get paid wages back then? 🤔


Carnegie`s company employed a lot of African Americans on very low wages. It`s a safe bet to conclude that he was a lot less revered in the US than Dunfermline.



Not your average Sunday League player.


Reply
295. Author:  Stanza        
Date: Mon 14th Oct 2024. 21:36

wee eck, Mon 14 Oct 12:43

I think the question of them investing in the stair-lift was maybe raised before and an explanation given - maybe Stanza can help. Generally I think the club didn`t want the new investment to discourage the normal fund-raising efforts of the fans which were seen as an essential ongoing element of a club like ours.


Having retired as a Trustee and Secretary of DADSC once the current scheme got Board approval, it wouldn`t be right for me to make any comment on behalf of DADSC.

But as a point of history, the need to make the 1st Floor function suites accessible to those with mobility problems was a resolution of the Supporters Council in 2014 (from memory), and fundraising started in 2016, long before GmbH came on the scene.

As to the personal worth of the GmbH investors, I would gently suggest that anyone who doesn`t have visibility of their personal finances is only speculating.

_________________

Support Dunfermline Athletic Disabled Supporters` Club (DADSC) when you shop online with one of 8000 firms: http://www.easyfundraising.org.uk/causes/dadsc[

Post Edited (Mon 14 Oct 21:37)

Reply
296. Author:  Paralex        
Date: Mon 14th Oct 2024. 21:42

GG Riva wrote:

>
Dave_1885, Mon 14 Oct 19:56
>
>
Paralex, Mon 14 Oct 18:28
>
> GG Riva wrote:
>
> >
Paralex, Mon 14 Oct 16:49
> >
> > The only Fifer I`m aware of who loosened the purse strings
> was
> > Andrew Carnegie and he`s a distant memory.

> >
> > And even then, it was only after he realised he couldn’t
> take
> > it with him...... 🙄
>
> Not far wrong with that I guess. I did hear that he was a bit
> stingy with the wages for his workers. Not sure he was a Pars
> man either. Bit of a Mason, I heard. 😊
> >

>
> Did slaves get paid wages back then? 🤔

>
> Carnegie`s company employed a lot of African Americans on very
> low wages. It`s a safe bet to conclude that he was a lot less
> revered in the US than Dunfermline.

Yes, Carnegie was active making his fortune in the period after slavery had been abolished in the USA. It was officially abolished in 1865 and Carnegie operated in the latter part of the 19th century and into the 20th.



Reply
297. Author:  Alter Ego        
Date: Mon 14th Oct 2024. 22:39

So what is the wealth of our investors?? If there is 11 or so then what is their wealth? They put in 2million so it would be good to know where that 2 million went?
Imo we as a club have been left with a whole pile of ****! Stadium need work and the proposed major training complex is a dump..All funded so where did their 2 million pound investment go to???

Mon the Pars!

Reply
298. Author:  pars4life1        
Date: Mon 14th Oct 2024. 23:14



1. GG I wasn`t targeting anyone with my post, it was purely inspired by yours. Ultimately I think it`s been proven those who wanted to get involved were not in the slightest relaxed about giving us money. I think it got to a point of getting blood from a stone for even things they said they`d pay for. Your right nothing has gone towards getting us players, indeed it looks like they`ve taken money that should have been spent on that through normal dafc facilities and used it to fund their fantasy. Not only does our first team look less funded than than if was before they interfered, but funding that should have been a fantastic relief to help us grow through the likes of nisbet sale has disappeared into the wind.

They have spend some money that there is no doubt, but how much have they cost us? Relegation likely cost upwards of a million in revenue with most being through prize money. You add onto that fans being disillusioned, not paying CC fees etc(and those that do still pay in have again had their money paid into the GmbH fantasy) as wee eck says, we don`t know where that money has gone, it`s not gone on first team, only a small amount has gone to the the training ground. So where`s the rest? Youth academy? Ok cheers for the performance level we had already if under a different badge and the choice of a burden of continuing to find or just let it go back to what it was.( I`d choose B, there is almost no evidence of clubs improving their first team by improving their youths as a priority)

2. There`s a level of wealth you can`t attain without being exploitative to some extent. Carnegie was and whoever the anonymous billionaire(the fact they are anonymous says a lot) also have been.



Reply
299. Author:  wee eck        
Date: Mon 14th Oct 2024. 23:23

As mentioned earlier private companies are not required to give details of expenditure but we can make informed guesses at where their investment may have gone.

Costs of Rosyth, including professional fees, net of any grants
Cost of employing professionals to perform duties previously carried out by volunteers
Repairs to floodlights
Repairs to tannoy system
Repairs to USH
Repairs to drainage
Compensation to former managers
Bonuses to players for winning League 1
Medical expenses not covered by insurance

Most of these could be classified as exceptional or non-recurring and there may be others I haven`t thought of.

Reply
300. Author:  pars4life1        
Date: Mon 14th Oct 2024. 23:47

A few hundred K went to rosyth, you can just apply basics maths from the publicly announced cost and the grant amount.
Tannoy, USH etc, these sort of maintenance were often being carried out before GbMH investment, they have maybe spent a hundred or so K beyond what would normally have been spend.
Wages for jobs normally for by volunteers, only done cos volunteers have been pissed off. Entire point of that professionalism was they`d pay for themselves in in increased revenue compared to what a volunteer could generate.
Managers compensation. 1. If you don`t **** up recruitment then this doesn`t happenen. Crawford resigned I believe for free and grant/hughes should have never been employed.
League one bonuses, again should never needed to been paid if they hadn`t humiliated the club and even once they were they should have been covered by the better prize money.
Medical expenses? Yea we had a bad year, we have done on the past and will do again. Nature or football, sometimes you get a good year. Sometimes you get bad ones, that would be covered within a normal business model. Not that additional one GmbH was meant to provide .



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