Scunthorpe United Unity Group

[Awaywego]

What’s the idea behind the trust buying more shares in the club than the ones they already own other than a piece of paper what do they get, are they after a place on the board?
Went down well last time we had a fan director who in the end was hounded out by fans themselves. Lol.
He was a member of the trust board has well so can we really trust the trust to act in the best interests of its members if that position was so easily let go.

[64]

So easily?
I personally don’t care what people do with funds raised. as long as they’re up front and truthful about their intentions.
I wouldn’t chose the Unity route ,especially the blue light stuff,but they are now being transparent and Stuart’s somewhat clumsy statement does appear to offer an olive branch

[Apollo11]

Awaywego wrote:

What’s the idea behind the trust buying more shares in the club than the ones they already own other than a piece of paper what do they get, are they after a place on the board?

They get: A translation of their cash into ownership of the club. For each share they buy, that amount of ownership and level of power increases. I’d say that’s what they’re after – a greater stake in the club and its affairs. Rather that than just mouthing off on here or on Facefuck, eh?

[Awaywego]

What power did the trust have with all their shares when Hilton took over, absolutely none! Doubt they were even consulted.
And having spent thousands buying theirs Hilton swans in and buys the whole club for £3

“Power to the people” Lol.

[Deereyme66]

Regardless, do you not think it’s a better use of raised funds than what they’ve been.spending it on and what they’re proposing to spend it on?

1 user thanked author for this post.

Apollo11

[Apollo11]

Awaywego wrote:

What power did the trust have with all their shares when Hilton took over, absolutely none! Doubt they were even consulted.
And having spent thousands buying theirs Hilton swans in and buys the whole club for £3

“Power to the people” Lol.

Nihilistic bollocks, this.

[Awaywego]

No i dont Deerey, don’t see any need to give any money to the club it’s a business not a charity, and within reason their getting the money anyway, giving away tickets to the needy is fair enough isn’t it and surely giving the kids parties and the like will pay the club dividends in the long run more than any share money would give.

The only thing I didn’t like before was em throwing it down your face at every turn and not being clear where the money was going, now it’s pretty clear and if they stick to what they say I certainly ain’t going to tell em what to do with the money especially when none of it will be mine.

[Deereyme66]

I certainly wouldn’t tell them what to do with the money raised, just what I’d suggest

[Apollo11]

Awaywego wrote:

No i dont Deerey, don’t see any need to give any money to the club it’s a business not a charity,

You’re absolutely right that it’s not a charity, but you’re very wrong about it being a business. It’s run as one, because it has to be, but it’s so much more than that. It’s our football club, an emotional investment, a time investment, a hub of friendship and family; it’s continuity with personal past and connection to the future. If the last 18 months have taught supporters anything it should be that they’re more than mere customers, and the club is more than occasional entertainment that can be switched off like a TV. That’s lazy thinking.

I agree, kids parties and blah blah Unity blah will pay possible dividends in the future with people becoming lifelong fans etc – but if they’re already knocking round enough to go to a party or whatever, then they probably would anyway. Investing shares is a tangible way to support the club in the immediate sense, and to put further power into the hands of supporters – who are, as I just said, more than mere customers.

[Northumbiron]

My local boozer is a business.

I don’t have to put money into it, but I do because I believe it is an important community asset.

[ironking]

Shares to me are a gift to the club you love. I have had shares since 1981 and the club under David Wraith had an SOS campaign ‘Save our Scunthorpe’ I bought £50 worth on earnings of £25 per week as an apprentice.

I am proud of that and subsequently over many years built up a number of shares. Until this ceased under PS.

I have had another £500 worth of shares since the club takeover.

They are absolutely worthless and always will be, it’s a donation for a bit of paper.

I will tell anybody this though

They are mine, and it’s my gesture of love and support for my club. It’s my own little piece of Scunthorpe United which makes me feel good and proud. Do I expect anything in return, of course not,

I play Euromillions and dream of a winning the jackpot so I can invest more in SUFC a massive part of my life which has over time stretched every personal emotion but more often then not pleasure.

The shares owned by Trust members surely allow all fans to feel the same way whether financially blessed or not.

[Author]

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