The 2009 Rebate Issue

[essex canary 492]

The Accounts are quite clear that Michael Foulger's matched £360,000 contribution was a Donation NOT a loan.

I think the only irony here is when we next got relegated 5 years later David McNally received a £367,000 bonus.

[Google Bot 3,259]

£360k eh? You could employ Ben Gibson for nearly 10 weeks with that in the back pocket. 

(He's one of our players by the way, plays on the field when fit.... Central Defender, indeed.)

[Graham Paddons Beard 2,424]

2 hours ago, essex canary said:

The Accounts are quite clear that Michael Foulger's matched £360,000 contribution was a Donation NOT a loan.

I think the only irony here is when we next got relegated 5 years later David McNally received a £367,000 bonus.

McNallys package (oh er missus) was always a similar amount but paid from memory in a variety of different  ways including salary, bonus and pension contribution. I think back then you could stick more into a pension than you can now per annum. 

When we went up he got a promotion bonus. When we went down he received a bonus based on income/ profit, or some such.

Personally I think he was worth every penny considering what we achieved under him. 

Imagine , in 2008/9 if McNally had said "give me a million pounds and I'll get you in the Prem in 2 years, We would have bitten his hand off.  The end of DM wasn't pretty but he was an operator . 

 

Agitated , got his way , made a huge difference to that dreadful set up we had when relegated. . Eventually upset a few too many people. It all went stale and it ended.

Sounds familiar 

 

[Terminally Yellow 2,448]

Because we don't have enough to talk about around NCFC we're dragging up issues from 2009, now?

[TIL 1010 4,722]

3 hours ago, essex canary said:

The Accounts are quite clear that Michael Foulger's matched £360,000 contribution was a Donation NOT a loan.

I think the only irony here is when we next got relegated 5 years later David McNally received a £367,000 bonus.

Where is this thread intended to take us and to achieve what exactly ?

[Miss Demeanor 67]

59 minutes ago, Graham Paddons Beard said:

When we went up he got a promotion bonus. When we went down he received a bonus based on income/ profit, or some such.

Whilst other staff, who enabled him to meet the requirements of his bonus, got nothing, and staff were laid off. That whole affair was disgusting and incredibly shortsighted of the board, it rewarded failure!

[essex canary 492]

30 minutes ago, TIL 1010 said:

Where is this thread intended to take us and to achieve what exactly ?

I had one responder on here who claimed that Foulger put his money in for this and took it out the next year. Clearly that isn't correct.

[TIL 1010 4,722]

1 minute ago, essex canary said:

I had one responder on here who claimed that Foulger put his money in for this and took it out the next year. Clearly that isn't correct.

So why didn't you put it on that thread then and quite honestly with all the water that has gone under the bridge since 2009 who really cares ?

Foulger will be off the board in a month and McNasty left 6 years ago.

[essex canary 492]

1 minute ago, TIL 1010 said:

So why didn't you put it on that thread then and quite honestly with all the water that has gone under the bridge since 2009 who really cares ?

Foulger will be off the board in a month and McNasty left 6 years ago.

Just as well everyone is clear then for Foulgers last home game. Hope they will have drawn the line under minority shareholders too by then to enable us to give him his send off.

[Google Bot 3,259]

Just now, TIL 1010 said:

So why didn't you put it on that thread then

[TIL 1010 4,722]

3 minutes ago, essex canary said:

Just as well everyone is clear then for Foulgers last home game. Hope they will have drawn the line under minority shareholders too by then to enable us to give him his send off.

Another essex riddle of a post for ' everyone ' to solve .

Edited April 25, 2023 by TIL 1010