Shrimpers Trust News Shrimpers Trust AGM

[blues exile]

Well the other groups were not told about this when the go fund me was setup, what’s the point in all this if there is no openness and clarity… same old story

A revelation out of the blue at the very time the funding operation was launched amid great fanfare. Transparency is clearly an issue not confined to Martin.

 

[OldBlueLady]

Can I ask how many of those questioning the Trusts decisions were in attendance last night?

I believe we have in the region of 800 plus members and there were around 80 there last night. I believe the trust do a fantastic job on behalf of the supporters and make decisions in the best interest of the fans and club itself. You cant please all i guess but the Trust are working very hard

Less than that. There were 51 people plus the 4 guests in attendance, of which 9 were Board members.

 

[palexander]

Post 328

Breaking News - Support The Team Not The Regime! New update 24/11

I’ve read this post several times now & I appreciate this reply will seem combative, but they’re genuine questions that I cannot for the life of me, work out. 1. You have repeatedly given the impression you are - either directly or indirectly - associated with a sponsor of this football club...

www.shrimperzone.com

Doesnt explain where its being used. As I said, assume "running costs" and its all gone pretty much instantly. But did that 40k pay the Youth Team? Timing seems to match.

I've said previously I worked for a big UK company that went bust and its amazing how quick seemingly huge chunks of money just "go". Frightening situation for all at the club I expect so near to Xmas.

 

[shrimperjon]

Less than that. There were 51 people plus the 4 guests in attendance, of which 9 were Board members.

Thanks Kay, was an estimate and a bad one at that!

 

[palexander]

In the last 24 hours, the club has had £100,000 made available to it technically (if we believe the PG twitter post and the GFM funds are made available).

How quickly are we burning through that - and on WHAT if its not player wages???

 

[Westcliff Shrimper]

Following on from @jpssufc

The Trust was asked by Tom to loan monies to the club and we did so. Had to be careful that no one said it was for player salaries as that would mean a sanction of some sort from the NL. As far as we agreed, it was for general working capital expenses including non-player salaries; not to pay the players, but again, had to be careful regarding potential sanctions.

This is all now a moot point as the Echo have now reported it hence the reason why the Trust have now made a statement.

A loan agreement between the Club and the Trust has been signed by both parties.

 

[TrueBlue]

Following on from @jpssufc

The Trust was asked by Tom to loan monies to the club and we did so. Had to be careful that no one said it was for player salaries as that would mean a sanction of some sort from the NL. As far as we agreed, it was for general working capital expenses including non-player salaries; not to pay the players, but again, had to be careful regarding potential sanctions.

This is all now a moot point as the Echo have now reported it hence the reason why the Trust have now made a statement.

A loan agreement between the Club and the Trust has been signed by both parties.

Should not be dicing with breaching league rules in the first place!!!! This is why things need to be open

 

[palexander]

Following on from @jpssufc

The Trust was asked by Tom to loan monies to the club and we did so. Had to be careful that no one said it was for player salaries as that would mean a sanction of some sort from the NL. As far as we agreed, it was for general working capital expenses including non-player salaries; not to pay the players, but again, had to be careful regarding potential sanctions.

This is all now a moot point as the Echo have now reported it hence the reason why the Trust have now made a statement.

A loan agreement between the Club and the Trust has been signed by both parties.

Jesus... so basically, its paying the players wages, but we saying its not so we dont get sanctions?? Am I reading that right?

Its all relative how we dress it up. If we using funds earmarked for general expenses to pay the salaries (and not local companies), then using the Trust funds to pay that black hole, arent we technically just paying the players salaries, albeit indirectly.

This gets worse by the minute...

 

[EnglandShrimper]

Can I ask how many of those questioning the Trusts decisions were in attendance last night?

I believe we have in the region of 800 plus members and there were around 80 there last night. I believe the trust do a fantastic job on behalf of the supporters and make decisions in the best interest of the fans and club itself. You cant please all i guess but the Trust are working very hard

I would like to know if many people traveled from outside South Essex to attend? Any idea on the postcodes of the people who did attend? First I heard of it was yesterday but also I’m sure the majority of people who attended were very local. Not practical for people further a field to attend unfortunately.

 

[Westcliff Shrimper]

Jesus... so basically, its paying the players wages, but we saying its not so we dont get sanctions?? Am I reading that right?

NO!!! The players were paid. The loan was to keep the bloody lights on.

 

[palexander]

NO!!! The players were paid. The loan was to keep the bloody lights on.

Its just shifting money around. The money used to keep the lights on paid the players and the money from the Trust paid for the lights??? Is that it?

 

[Westcliff Shrimper]

Should not be dicing with breaching league rules in the first place!!!! This is why things need to be open

It wouldn't have been as it wasn't for player wages. However, everyone was trying to be careful about perception.

 

[TrueBlue]

I’m sorry but this is one dangerous game going on here

 

[blues exile]

Jesus... so basically, its paying the players wages, but we saying its not so we dont get sanctions?? Am I reading that right?

Its all relative how we dress it up. If we using funds earmarked for general expenses to pay the salaries (and not local companies), then using the Trust funds to pay that black hole, arent we technically just paying the players salaries, albeit indirectly.

This gets worse by the minute...

Was the £40k paid into the same account that the players' salaries are paid from?

 

[TrueBlue]

It wouldn't have been as it wasn't for player wages. However, everyone was trying to be careful about perception.

Yeah and by keeping it from members and the other groups it’s now alienated 3 groups already and looks even more shifty

 

[blues exile]

Yeah and by keeping it from members and the other groups it’s now alienated 3 groups already and looks even more shifty

Would this even be known if the Echo had not revealed it?

 

[Westcliff Shrimper]

Its just shifting money around. The money used to keep the lights on paid the players and the money from the Trust paid for the lights??? Is that it?

Literally don't know how you want that answered. Have you read the Trust's statement?

Was asked to lend the club money, like anyone would ask a bank. We did. Wasn't used for player wages. Paid for other stuff (I don't have an itemised list) to keep a professional football club running. Will be paid back in three months. Now reported by the Echo. Statement issued. Trust Board members (who are all volunteers) alongside other Supporters Groups (again, all volunteers) to raise money to aid the back office staff as it seems they all haven't been paid all their wages.

End of post.

 

[Cricko]

Would this even be known if the Echo had not revealed it?

Yes it was annouced last evening at the AGM.

 

[jphfitz]

Would this even be known if the Echo had not revealed it?

An email was sent to members simultaneously with the release of the press release. It was already announced at the AGM yesterday formally prior to this, so yes.

 

[TrueBlue]

Would this even be known if the Echo had not revealed it?

Who knows, from an SOS perspective I would have liked to know this info before going to the wider public asking for help via go fund me.