Goodwill and Generosity v. Petty Penny Pinching

[essex canary 623]

One thing we must salute NCFC for was the refund or carry forward for season ticket holders. Many other clubs simply didn't, some of the smaller clubs couldn't afford it. Given the charges that some levied for ifollow it may have been an idea to have retained the odd million pound though arguable given the quality.

We should also salute the 2019 promotion celebration. Everyone was included and a great chance for City Centre businesses to make some money. Of course it has been difficult this time round but a dinner for 600 people at Carrow Road costing £45 per head. How does this serve young people or other businesses? If this really is the way why not free with the first invites being sent to Fan of the Season contestants. This event will raise around £27,000, perhaps around 3 days wages for one of top paid footballers or less than the Directors Preference Share Dividends.

The away ticket scheme charge. 8,000 members last time round probably less this time. Now £25  per head. Maximum Revenue £200,000. Lack of goodwill for one of the most travelled sets of supporters. Scrap it!

How about a season ticket discount for individual minority shareholders. £1 per share minimum £10. Maximum cost £200,000 probably less.

What Covid should have taught us, if we needed teaching, is that self funding whilst admirable and essential cannot be pursued to the nth degree. Ditto for bk8.

Ditch the petty penny pinching and promote generosity and goodwill.

[ncfcstar 342]

Why do you have such a bee in your bonnet?

If your shareholding is costing you so much unhappiness, I'd advise you to cash in and enjoy investing it elsewhere.

[Branston Pickle 4,150]

Whining endlessly about NCFC v getting on with life….

[hogesar 10,770]

I don't think an optional celebration which by design has to be limited numbers is something to start a thread about, but then again it is you.

[essex canary 623]

29 minutes ago, ncfcstar said:

Why do you have such a bee in your bonnet?

If your shareholding is costing you so much unhappiness, I'd advise you to cash in and enjoy investing it elsewhere.

Because I am an NCFC fan, perhaps even an SJW fan up to a point but not as much as some. Family club needs to equal far more than 2 families.

[Uncle Fred 526]

I am looking forward to the celebration dinner not as a fund raising event for the club but just a good night out will fellow canaries

[Greavsy 2,645]

Nurse....... He's up and out of his bed again! 

[Greavsy 2,645]

1 hour ago, essex canary said:

. This event will raise around £27,000, perhaps around 3 days wages for one of top paid footballers or less than the Directors Preference Share Dividends.

It won't raise £27000 profit though, that's the total of the cost to attend but then you need to remove costs for supplies (food, staff (chefs, waiting staff, security to name a few), yes it will obvs raise a profit, but as an accountant I thought you would have been aware of the outgoings incurred. 

[TIL 1010 5,246]

Looks like another item for the agenda at the next OSP meeting. 😂

Edited July 9, 2021 by TIL 1010

[wcorkcanary 4,786]

I hope paying £45  entitles you and your descendants to all you can eat , forever.

Edited July 9, 2021 by wcorkcanary

[Greavsy 2,645]

22 minutes ago, TIL 1010 said:

Looks like another item for the agenda at the next OSP meeting. 😂

I'll set the agenda...........

Apologies / Absence. 

1 - Essex Canary's issues 

2- AOB (Time permitting)

Set date for next meeting.

 

Sorted

[lappinitup 629]

Essex whingeing 'n whining  'n whimpering 'n wailing again.

I'm truly shocked....

[TIL 1010 5,246]

9 minutes ago, lappinitup said:

Essex whingeing 'n whining  'n whimpering 'n wailing again.

I'm truly shocked....

You're the only one then.

[GMF 1,010]

19 hours ago, essex canary said:

This event will raise around £27,000, perhaps around 3 days wages for one of top paid footballers or less than the Directors Preference Share Dividends.

How about a season ticket discount for individual minority shareholders. £1 per share minimum £10. Maximum cost £200,000 probably less.

What’s your beef over the B- preference share dividend?

D&M and MF, between them, have previously invested almost £750,000 in preference shares and, unlike some, they’ve not, so far at least, exercised redemption rights that the shares carry following any of the club’s promotions to the Premier League. They’re therefore perfectly entitled to receive the annual dividend payments the shares offer, no?

And where should we set the bar for individual minority shareholders? Maybe we should  exclude the 37 ‘elites’ who have 1,000 or more shares, thereby limiting the liability to the other 6,700 shareholders, who own the remaining circa 100,000 ordinary shares between them 😜😉

I’ve no idea how many of the 6,700 are season ticket holder’s already, but it smacks of another logistical administration nightmare. And that’s even before you factor in the proposal for rebates for any future games not attended 😜😉

[TIL 1010 5,246]

40 minutes ago, GMF said:

What’s your beef over the B- preference share dividend?

D&M and MF, between them, have previously invested almost £750,000 in preference shares and, unlike some, they’ve not, so far at least, exercised redemption rights that the shares carry following any of the club’s promotions to the Premier League. They’re therefore perfectly entitled to receive the annual dividend payments the shares offer, no?

And where should we set the bar for individual minority shareholders? Maybe we should  exclude the 37 ‘elites’ who have 1,000 or more shares, thereby limiting the liability to the other 6,700 shareholders, who own the remaining circa 100,000 ordinary shares between them 😜😉

I’ve no idea how many of the 6,700 are season ticket holder’s already, but it smacks of another logistical administration nightmare. And that’s even before you factor in the proposal for rebates for any future games not attended 😜😉

I cannot wait for his response to this Gary because as sure as night follows day there will be one.

[Greavsy 2,645]

55 minutes ago, GMF said:

And where should we set the bar for individual minority shareholders?

Just where Essex Canary gets what he wants would suffice im sure!