A
-
Welcome to PASOTI. Sponsored by Lang & Potter
I think its gone to the right place, albeit, on a commercial loan basis. That way it still belongs to the Trust.
I guess the only worry is the safety of the loan with the precarious state Argyle are in.
I guess the only worry is the safety of the loan with the precarious state Argyle are in.
I think it should have been spent the way the trust was set up and intended to spend it, on youth development and training in the south west region.
tonycholwell":1rdga7vn said:
:iagree: Though it would have been nice for a sum to go to the supporters trust. Maybe in the future that could happen.
A
Anonymous
Guest
IJN":2u487g8p said:
True, but in the current climate, I would think its about as good as it gets, donating money to the club, even as a loan.
I couldnt bring myself to say "Save PAFC" because that is the directors job.
The Trusts mission statement is clear as to what the money should be used for.
Having said that, if its a temporary commercial loan that hastens the departure of the present board and gets repaid in full, it has gone to good use, but thats not where it "should" have gone.
The Trusts mission statement is clear as to what the money should be used for.
Having said that, if its a temporary commercial loan that hastens the departure of the present board and gets repaid in full, it has gone to good use, but thats not where it "should" have gone.
Spot on; the Trust has Charitable objectives.Kevin_Dacombe":1e7evce7 said:
However, the Trust haven't GIVEN the club the money, they have LOANED it as an investment that they have said will give a better return than they are getting at the moment.
I can accept that provide the security is genuine and the returns reflect the risk. If that's in place and the Trust gets all its money back with an appropriate return then great, everyone's a winner.
I don't know the detail of the regulation for charities around this area but the comment somewhere that the Trust is not a bank is well made. I just hope that the Trustees took THEIR OWN legal advice on this.
Kevin_Dacombe":3cfzsj3k said:
Why isn't that a Poll option?
I agree. Buy the sports ground near HP for training & youths etc
Ottawa Green
Site Admin
Staff member
🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦
🏆 Callum Wright 23/24
Cream First
✅ Evergreen
✨Pasoti Donor✨
The problem with this poll is their are too many options, everyone will say look option A is nearly 3 times more popular than the other options yet if you add options B,C,D then option A is in the minority.
So maybe the vote should have been, should PAST&DT have loaned the money to Argyle yes or no.
So maybe the vote should have been, should PAST&DT have loaned the money to Argyle yes or no.
Should have gone to youth training.Having said that had it not gone to the club that could have been the last nail in the coffin so i dont blame the trust for doing what they thought was right.As things stand i cannot see them ever getting it back.
L
Laughter My Ploy
Guest
I believe and hope they did the right thing having taken the best possible advice for the best possible reasons....unenviable decision making
Made my contempt the Argyle board absolute...that they went to and took the money from the Trust after they had treated it so shabbily in the recent past...show the depths to which the blighters have sunk
Made my contempt the Argyle board absolute...that they went to and took the money from the Trust after they had treated it so shabbily in the recent past...show the depths to which the blighters have sunk
A