does anyone have an answer to this: 'The other thing was the ref waved Browne on and then changed his mind when he ran on and was in a good position? What was that about? You can't get involved in the play as soon as you run on the pitch?' Was the ref really like just making rules up on the spot like i regret waving him on because Wimbledon got an advantage so I am going to stop play or is there actually a rule that says a player can't get involved with play as soon as they come back onto the pitch after an injury?

Some might argue it is simply a quirk of timing that the DTB decide to come off Twitter just as information starts to leak out about how well a job they’ve been doing.

Yeah OI. It sounds like 50+1 is completely out the window now, unless there is a fantastically benevolent person on standby. Elon Musk maybe.

You couldn’t judge JJ for wanting out at the moment. Sees clubs like Doncaster sign half a new squad and we’ve had to let two go. Hard to motivate players hence why we’re on a similar run to our last season in L1 albeit with a thankful win against Orient to delay some of the anger.

I'm still waiting for an explanataion as to why anyone would buy the 50%+1 shares, which become worthless on administration, in a company that, even if you are less apocalyptic than 6mdm, seems to be on a course towards administration.

There are enough rich people around who would like to be able brag that they own a Football League club. The problems we face is the owners clubs around us are ploughing millions into their clubs for limited returns.

Also we are expecting a new 50%+1 vote with some specific investors 'in the new year'. I think it would be good if that happens asap.

Someone( whad predictor league sponsor) posted on the Facebook group" rumours going around, "borrowing money to help cash flow,JJ wants out, players out of contract at the end of the season won't be renewed "

Everything that is being posted today has been said before. I've been banging on about this for years. In the summer I posted a lot about how we had 18 months to do something. Here were are with nothing having being done staring into the abyss again. Even if (big if) it was possible to legally separate the stadium from the AFCW PLC group structure so an administrator couldn't come after it to settle debts, what would that achieve? All the value is in the stadium. If we went into administration who would take us out of it as what would they be buying? Very few assets. High costs. Team with limited prospects hamstrung by a ground they can't develop. Limited synergies and efficiencies. Being poorly run can be rectified but I can't see somebody ploughing millions into a club with minimal return. If we went into administration we would quicky slide into receivership and then liquidation, so there would be no club. It doesn't end there. Even an empty stadium will have ongoing costs. Who will pay them with no club? I don't know if the responsibility of the pitch owners starts and ends with just the pitch or the whole stadium. That is for lawyers to argue over. If the ground is left to decay and causes harm to somebody the owners will be liable, whoever they are. Be careful what you wish for with a pitch owners scheme as the law of unintended consequences could bite you hard. If we cannot find a level to balance the books at we are screwed as our constitution will not allow us to sell out and this 50% + 1 proposal will buy us a year or two if we are lucky but probably will not even cover the 2027 bond repayments.

OI - replace the word Grecians with Wombles, and Gorman with a.n.other, and it’s us, no…?

"Gorman’s remit was, in essence, to make the Grecians a sustainable League One football club and matters since then show just how hard that is without considerable financial resources to fund it, something City do not have."

Vindictiveness eh?

The article that Padds mentions. From Yahoo sport which seems to have fewer adverts. [Link]

They were that financial forecasts, which the club and Trust relied upon to make decisions, were overstated; one material transaction had breached a club/Trust agreement where contracts over £50,000 are approved by the Trust board and one further matter, which the club did not reveal at the time, but is believed to be a now resolved compliance issue over VAT payments. However, Gorman says his resignation was in fact due to his growing concern about governance, direction and the working culture of the football club

Can't link from phone, but Devon online has an article suggesting that Exeter are in a similar boat: 'Former Exeter City chairman Joe Gorman slams 'vindictiveness'...'.

Pyramid Schemes by Fred Atkins is a good book if you want to find out how dodgy non and lower football league football clubs owners can be.

OI, are you new here?

OI - no.

Any chance of someone fronting up about finances rather than leaving it to rumours?

Silk - maybe not Bet365, but Paddy Power, at least their adverts are often pretty funny… 😂

Messages I've received in last few hours suggest my 2027 timeliness is optimistic. Loan of £1m from the named source, to get us to Summer. Anyone on DTB or PLC see this coming with say a five year financial projection?

What does being in charge of the plc mean? If you are talking about the day to day running of the company then the CEO or MD should be doing that. If you are talking about tha strategy and direction of the company then the plc board should be in charge. The CEO should be on the board or at worst consulted about theses subjects. For us the DTB has a veto on the plc board, something we demanded when we stopped saying the DTB should be a majority on the board. If people say they wouldn't start from here fine, but we are starting frrom here and we need to make the best of the situation we have.

Yes I agree with that Silk

Google is hugely worse with the introduction of AI. Sort of apropos- our son's Flemish father-in-law recently reminded us that at one time Google offered you articles in different languages with the possibility of translating them. As English speakers we hadn't noticed the change. He has found it limiting just getting stuff in Dutch.

LD- agree that we need to put in place protections now, if we can. I don’t know if it is still possible (I think that there are legal restrictions on the ability of a company to transfer its assets at an undervalue if it is or is nearly insolvent, but I don’t know if that would apply to us at present). That is exactly the sort of stuff that the DTB should be looking at now - maybe they are, they wouldn’t advertise or minute it publicly if they were doing so.