The Cryne Era's...

Discussion in 'Bulletin Board' started by Stephen Dawson, Jul 7, 2022.

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  1. Com

    Come on Tarn Well-Known Member

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    Have you got £7-8 million in spare change?
     
    Come on Tarn, Jul 7, 2022
    #21
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  2. Hooky feller

    Hooky feller Well-Known Member

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    An initial £1m. With more to follow if deemed necessary. Is what I understood.
     
    Hooky feller, Jul 7, 2022
    #22
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  3. Ste

    Stephen Dawson Well-Known Member

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    Cheers.
     
    Stephen Dawson, Jul 7, 2022
    #23
  4. Ste

    Stephen Dawson Well-Known Member

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    No but they have.
     
    Stephen Dawson, Jul 7, 2022
    #24
  5. troff

    troff Well-Known Member

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    Have they? Based on what?
     
    troff, Jul 7, 2022
    #25
  6. Oakweller

    Oakweller Well-Known Member

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    My understanding is they didn’t have enough share percent to outvote Conway/Lee. They had no power to stop whatever Conway/Lee voted for. In the press conference and fans Q and A it was clear they weren’t happy with a lot of decisions that had been made. Transfer policy was one of them.

    They couldn’t oust them either until the old boards tenure agreement expired and when it did expire they had planned a takeover. They only had full control since the announcement, none before it.

    Don’t taint them with the same brush, you can’t judge them by their actions on a day by day basis, it was always going to take time to sort out this debt, which by my estimate is between a third to half way paid. Patience was the one thing they asked for.
     
    Oakweller, Jul 7, 2022
    #26
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  7. Kettlewell

    Kettlewell Well-Known Member

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    I think you are suggesting that there are 2 different groups of individuals. I would disagree with that idea,it's the same individuals involved in the club now as have been for the past 4 seasons. The problems the club has and faces are all down to them and no one else. Unless I have misunderstood all the threads on this topic. They have never taken responsibility or admitted their role or even genuinely apologised.
    Also,they will want their £1 million loan back from the club in the near future.
    Lots more sales to come and people losing jobs,I'm afraid.
     
    Kettlewell, Jul 7, 2022
    #27
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  8. Com

    Come on Tarn Well-Known Member

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    You don’t get rich spending your own money.
     
    Come on Tarn, Jul 7, 2022
    #28
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  9. Baz

    Bazza Well-Known Member

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    Oh come on Steve I didn't expect that from you.
    Let's be grateful the Crynes are still involved.
    I have more confidence in them running the club than Conman and Co
     
    Bazza, Jul 7, 2022
    #29
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  10. Arc

    Archerfield Well-Known Member

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    The Crynes ended up with a 20% ownership of a league one team.

    If the full sales proceeds, including the outstanding payments had been made, they would have got out with a cost of circa £2m over their period of ownership.

    Oddly enough that is what 20% of the club was valued at at the time of the takeover.
     
    Last edited: Jul 7, 2022
    Archerfield, Jul 7, 2022
    #30
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  11. Baz

    Bazza Well-Known Member

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    The reason I gave my season ticket up 3 years ago was because I didn't trust the owners.
    The new board may re gain my trust .
    Let's live in hope.
    I refused to contribute to conman n Co.
    I trusted in the Crynes their a successful buisness model and have agood history and are massive fans.
    And are genuine Tarn folk with good intentions.
    Let's trust them and see.
     
    Bazza, Jul 7, 2022
    #31
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  12. Jly

    Jly Member

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    With regard to the tribe that ‘got us into this’ and seeing how they do business. Even if they were willing to stump up £6.8 million, would we be happy for our club to owe that tribe that amount of money ?. Not for me.
     
    Jly, Jul 7, 2022
    #32
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  13. Baz

    Bazza Well-Known Member

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    Book for you Steve.
    Be careful what you wish for.
    Steve Jordan ex Crystal Palace chairman.
    Give it a read.
    Maybe those disgruntled with the current board ,give it a read !!!!
     
    Bazza, Jul 7, 2022
    #33
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  14. red

    redrum Banned Idiot

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    Im not sure they have... 10 bob billionaires
     
    redrum, Jul 7, 2022
    #34
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  15. And

    Andrew Tennant Well-Known Member

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    Thing is, you need to get promoted to get back to where you were. Fail to go up and you’re another £7M down, though without the playing assets to sell to recoup the losses.
     
    Andrew Tennant, Jul 7, 2022
    #35
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  16. Hooky feller

    Hooky feller Well-Known Member

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    Wrong
    There are more individuals involved. The board is significantly different in mindset compared to the 2 previous major shareholders. ( in fact conway was a spokesman for four years with little shares of his own.) The present board could well buy lee out. ( at a guess) But as far as I'm aware. unless things have moved on. Lee and Conway had/have not been in touch with the present board. Conway was removed from his role.
    They apologised for the disconnection with the fans.
    They are willing to look at stumping up more money if necessary.
    Who are going to lose their jobs. ? .
    Judge em going forward we can't change the past.
     
    Last edited: Jul 7, 2022
    Hooky feller, Jul 7, 2022
    #36
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  17. Shy Talk

    Shy Talk Well-Known Member

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    The million they have introduced is capital, NOT a loan. It stays in the club.
    And the current directors were powerless to stop the culprits who really got us into this mess, Conway and Lee.
     
    Shy Talk, Jul 7, 2022
    #37
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  18. Oakweller

    Oakweller Well-Known Member

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    Some are the same individuals, not all. Those who were on both old and new boards didn’t have full control, there total shares were not enough to out vote Lee/Conways. If Lee/Conway wanted to do something they didn’t agree with they couldn’t stop them. That’s not to say they didn’t hold meetings together and I’m sure there were occasions when they did vote together on some matters, but from the QnA and Presser it was clear to me how upset and angry they were at the state the club was in and of the decisions that had been made.

    Conway as acting CEO for instance during two transfer windows. They couldn’t have stopped that if they wanted to.
     
    Oakweller, Jul 7, 2022
    #38
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  19. Gally

    Gally Administrator Staff Member Admin

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    Correct.
     
    Gally, Jul 7, 2022
    #39
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  20. MDG

    MDG Well-Known Member

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    They own the club! So technically speaking they put themselves in this situation. We are just followers. If they decide not to put more funds in, that is their decision as owners.
    Unless we as supporters own the club, it isn't ours other than in our heads and hearts.
     
    MDG, Jul 7, 2022
    #40
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