Switzerland worked out rather well for Saints. Poor chap passed away since though.
John_Lloyd wrote:cheshiregreen wrote:John_Lloyd wrote: @ The Doctor:
I'm involved with PAST&DT as a member of the Advisory Committee, but I'm not a Trustee and had no part in this decision.
You'll forgive me, as I'm not normally shy of making comments on key issues like this, but I'm going Switzerland on this one.
Given today's Herald reports, this comment seems more significant now.
Once upon a time, I'd have liked to have claimed foresight and/or inside knowledge in this type of situation. But not any more.
I really don't want to know about what the carpet-baggers are up to.
Seriously.
The use of the Switzerland image was primarily to do with neutrality, with a subtle reference to secretive financial practices.
Woodward and Bernstein I ain't.
And by a 3 letter poster
Peter_Jones wrote: So let's get this straight.
A charity with a very specific published mission loans virtually all its cash to a commercial business recently described in public by a leading councillor as a "basket case", with little prospect of ever getting its money back.
One of the charity's trustees is also a shareholder in the failing business.
Interesting, to say the least.
Andy_Symons wrote:sb wrote: Is it possible that If/When PAFC enters administration that the youth trust could receive part/all of stadium? Could the charity then sell it on or develop a 'youth team' and call it, say Plymouth Argyle?
VERY unlikely. There are 3 or 4 charges against the stadium that are ahead of this loan in the pecking order. If (when?) administration happens, the T&DT will be lucky to get much back at all.
GreenGuy wrote:argylelc wrote:
BUT, if PAST&DT was funded through general donations (money boxes in pubs was mentioned?) then it would be a disgrace if that money (for a charity) has been used in this way.
I don't know where all the money the PAST&DT came from, maybe the club put some money into it. But I know several people who donated either one off sums or via direct debit. If I remember right, Mark Colling helped set those up, and is a poster on here. I don't for one moment suggest he's involved in this decision, but he may have a better insight. I haven't noticed him post in this thread yet.
Personally I have donated a few hundred quid over the years. I may even have a direct debit still open on it.
Note that PAST&DT may not have had £300k in donations - it's possible the property was bought many years ago and much of that sum has accrued with house price rises.
Mark_Colling wrote:GreenGuy wrote:argylelc wrote:
BUT, if PAST&DT was funded through general donations (money boxes in pubs was mentioned?) then it would be a disgrace if that money (for a charity) has been used in this way.
I don't know where all the money the PAST&DT came from, maybe the club put some money into it. But I know several people who donated either one off sums or via direct debit. If I remember right, Mark Colling helped set those up, and is a poster on here. I don't for one moment suggest he's involved in this decision, but he may have a better insight. I haven't noticed him post in this thread yet.
Personally I have donated a few hundred quid over the years. I may even have a direct debit still open on it.
Note that PAST&DT may not have had £300k in donations - it's possible the property was bought many years ago and much of that sum has accrued with house price rises.
Babararacucudada wrote:argylelc wrote: Can someone clarify who and how the PAST&DT are/were funded?
I understand they sold the hotel, but that hotel must have been paid for before that happened. Were these funds from the Trustees or from donations made by the public/fans?
If 100% of the funds controlled were through private donations and those members voted, then I guess the rest of us have no valid comment on what they do with the money.
BUT, if PAST&DT was funded through general donations (money boxes in pubs was mentioned?) then it would be a disgrace if that money (for a charity) has been used in this way.
This all just highlights the fears I have with the new TRUST. What will happen with the money they raise? The new trust lacked a clear mission statement which concerned me, yet here PAST&DT seems to have a clear mission, yet is able to use its money on something outside of that regardless!!
......
The beauty of this arrangement was that fans could contribute financially to the "club" supposedly safe in the knowledge that their donation would be used to support the development of our players within our youth scheme and that it could not be used for general purposes at the whim of the club; for instance if you hated McCauley and did not trust him then you could put money into the "club" that he could not be used in some other way other than that intended by the donor.
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