I honestly still don't understand what this is all about?
I've broken what they've said into the three elements they say the money is for - I think that's what they are saying anyway?
boltonbonce wrote:The purpose of this Fighting Fund will be to raise emergency and immediate funding to cover the associated costs that will arise in the Supporters’ Trust dealing with an administration of the club.
This fund will cover legal costs,
contribute to any shortfalls in funding an administration
and to cover costs that will undoubtedly be incurred in making representation to the EFL in the event that they look to impose any unfair penalties as a result of recent events
The first bit legal cost's - ok a bit nebulous but let's accept that for now.
The second bit is funding shortfalls in Admin - are they saying they've somehow acquired the club in the Administration process?? If so where's the money to be able to do this has come from as even the chair of the ST himself Terrance Rigby said at the ST forum a week or so ago that the cost of Admin was £750,000 - the £25k they are crowd funding wouldn't fund Admin for even a day!
The third thing is for fighting the probable points penalty the club will get (which implies they would now own the club - why fight point deductions on something they don't own?) - but again where have they got the money to even run the club in Admin let alone bring the club out of Admin which will take millions?
It's not making any sense to me and even if everything was ok £25k what they are crowdfunding for (plus the £60k or so that the ST as left in its bank account) isn't going to last two seconds if they really are after taking over the club under Administration
All I can think is that someone else is backing them but they haven't got much money themselves if they need the ST to scrape up £25k to put into the pot?
Anyway when are all those high net worth individuals and companies they claim they know going to buy the club for them - or was that just another lie?