But all that is not strictly accurate, is it?
Yes, it all is strictly accurate. Everything I wrote was true concerning the time frame I was highlighting
Yes, you had a load of money raised a week ago but all of that money was being arranged to be returned to the investors a few days ago.
This was after the time frame I was talking about. I was talking about pre 4pm Thursday 3rd May. The decision to return the money was made after that point.
I used the 335k example of what we raised, because a) it was true, and b) the depth of your knowledge appeared to be that we'd raised 20k and "that wasn't really enough was it?" Now you're telling me you knew about that 335k raised so it's now obvious you picked the 20k to troll me.
You now have to hope that all the investors decide to reinvest their money into the purchase of the club.
I'd say half, not all.
1883 say that £200k is required by the end of June and that may well be achievable with the money from the Echo, the forum and the Supporters Club' along with other contributors.
They will be over egging the amount needed to be on the safe side.
However, you have to hope that individual investors will be prepared to put their money into a team which may well be playing further down the pyramid than they expected when they made their original financial pledges.
Some will no doubt want their money back, but I'm confident that more than half will re-invest. We want our club to survive.
Also, from whatever amount of money is raised, something around £100k will need to be set aside to payed the delayed players wages.
Invalid point. We need 200k ish, you are taking 100k of that money and posting it as if it's an additional extra problem. It isn't, it's just part of our commitments until June. Part of the c200k needed.
There is also the potential problem of the FA not being too happy with creditors not being paid and any action they may or may not take.
The creditors will get a share of what is left in DFC2009 (the old company), plus any extra payments on the Dan Burn transfer will be split between the new owners DFC1883 and the old company DFC2009 - that percentage going to the old company will be split between creditors. It won't amount to much but if we'd just let our club die then they would get nothing.
There certainly has to be a question over whether the Conference will allow Darlington back in if they have failed to fulfill the requirements of paying off the football creditors in full (particularly as it will be the same club) which could well impinge on DFC's plan of being back in the Football League within three years.
First of all, we all know there is zero chance of being back in the FL within 3 years, that was just a sound bite, in fact if we are placed in Evostik 1N it will be impossible.
Secondly DFC have taken on the remainder of the players contracts which is part of the 200k, as you pointed out, so in order to fully pay the football creditors we just need to pay the deferred wages that are owed on top, and we have an agreement in place over 3 years to do so. As everybody knows, the FA insists on full payment of football creditors to exit any administration.
Don't misunderstand me. I have nothing against Darlington and have visited the NEDA as an opposition fan in each of the last two seasons. A good ground (if rather expensive) and friendly fans. However, you only have to look on this very thread to see the differing opinions from Darlington fans as to the possible future of the Club.
Darlington fans disagree over everything, you'll get used to it.
However, I admit that I still clearly don't really know what I am talking about.
No, no you don't.
Darlington in the Northern League - Everyone, please remain calm. We are trying to solve this problem as quickly as possible. Please be patient.