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Post by windy1970 on Dec 12, 2023 6:41:20 GMT
Go fund me set up to raise a hundred and twenty grand to carry the club on. Sounds like there massively in the shit asking for that much at that level. Northern league Division 2 or even a return to the Wearside league on the cards. Has an investor/backer pulled out? Seems a hell of an ask especially for a northern premier club. Folk putting in 4 figure sums surely expect shares £120k seems like a bridge too far imo. I hope I’m wrong, but I can only see 1 outcome and that’s AFC Marske playing in the WL!
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Post by england on Dec 12, 2023 10:22:34 GMT
Has an investor/backer pulled out? Seems a hell of an ask especially for a northern premier club. Folk putting in 4 figure sums surely expect shares £120k seems like a bridge too far imo. I hope I’m wrong, but I can only see 1 outcome and that’s AFC Marske playing in the WL! Frankly ridiculous asking for that sort of money and shaming the community and other clubs to basically pay their wage bill for them!!
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Post by lovingnonleague on Dec 12, 2023 10:54:37 GMT
It's all over Facebook. There's fans and followers basically saying tell us what's really happened and what is really going on in otherwords come clean or we won't entertain you. Absolutely stinking what is going on there. They've tried to pull a fast one to pull a few quid in and it's backfired massively. Wearside league beckons by the sounds of it. To much to soon me thinks.
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Post by windy1970 on Dec 12, 2023 12:20:40 GMT
The NPL has tweeted that the club will be allowed to restart their fixtures, but know that the club is in a perilous position. I think the grim reaper is close tbh
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Post by england on Dec 12, 2023 12:22:14 GMT
The NPL has tweeted that the club will be allowed to restart their fixtures, but know that the club is in a perilous position. I think the grim reaper is close tbh Yeah because they have withdrew the ownership change so it’s just business as usual. When you say the grim reaper, you actually mean the ability to pay current players wages.
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Post by kentrebel on Dec 12, 2023 12:27:31 GMT
A plausible explanation for the suspension from Nonleaguematters
" The fundraising page doesn't say but links twice to an interview BBC Tees have done with the manager, Graeme Lee. As far as I can tell from that interview, if they raise the money it'll go to pay creditors and act as working capital to see the club through to the end of the season.
Having looked at the Marske United website, I note that a club statement at the end of October suggested that:
the club is pleased to announce that it is now exploring the positive sustainable pathway of establishing a Limited Company with the view to issuing shares for Marske United Football Club to bring it in line with the model used by the majority of other teams that play at our level.
This suggests that the club is currently an Unincorporated Association, (i.e., a member's club) meaning that, were it to become insolvent, responsibility for the debts would fall to individual members on a pro rata basis, which is a scary prospect if you're on the Committee of a football club deep in a financial hole. Presumably, that's why the club is keen to become a Limited Liability Company!
The problem is that, if you're in the National League System and wish to transfer your football club's membership of that system from one entity to another, as would be the case here, there is an extraordinarily large amount of work to do before that can happen; far more than simply setting up a new company and cracking on, as appears to have happened at Marske. I led the process which converted Ashford Town (Middlesex) into a Company Limited by Guarantee, which has no shares so preserves the traditional membership structure whilst limiting liability for individuals. We had to work through a lot of individual steps, including:
An EGM of the existing club to 'approve in principle' incorporation and for all assets and liabilites to be transferred, in full, from the old club to the new company
Drawing up of Articles of Association and getting them approved by The FA
Putting all proposed Directors through the Owners & Directors' Test
Getting written approval for the club's memberships and affiliations to be transferred from ALL the relevant football bodies. At that time, that meant getting the Middlesex FA, Surrey FA, Isthmian League, Suburban League and Southern Youth League to grant their assent.
To agree the date on which the old club would cease trading and the new company would be begin (we settled on the next AGM, in the May following the season in which this work began).
The last AGM of the old club and first AGM of the new company had to formally 'hand over' from one to t'other
The final step was for The FA Council, who had to approve the transfer of membership from the old body to the new company
This all had to be done before the new company could officially do anything. You can't just register a new company, put out a few statements on your website and start selling shares! At Ashford, it was months of work and our timeline was speeded up because I worked for Middlesex FA at the time, so could draw on contacts at Wembley. My boss was also very helpful, especially when we had to go to The FA Council.
I think the short timescale is so that the current Marske United club can provide 'proof of funds' by the end of their current suspension, giving their NewCo time to jump through the hoops I've hinted at above. A longer suspension is probably untenable for all parties."
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Post by england on Dec 12, 2023 12:32:48 GMT
A plausible explanation for the suspension from Nonleaguematters " The fundraising page doesn't say but links twice to an interview BBC Tees have done with the manager, Graeme Lee. As far as I can tell from that interview, if they raise the money it'll go to pay creditors and act as working capital to see the club through to the end of the season. Having looked at the Marske United website, I note that a club statement at the end of October suggested that: the club is pleased to announce that it is now exploring the positive sustainable pathway of establishing a Limited Company with the view to issuing shares for Marske United Football Club to bring it in line with the model used by the majority of other teams that play at our level. This suggests that the club is currently an Unincorporated Association, (i.e., a member's club) meaning that, were it to become insolvent, responsibility for the debts would fall to individual members on a pro rata basis, which is a scary prospect if you're on the Committee of a football club deep in a financial hole. Presumably, that's why the club is keen to become a Limited Liability Company! The problem is that, if you're in the National League System and wish to transfer your football club's membership of that system from one entity to another, as would be the case here, there is an extraordinarily large amount of work to do before that can happen; far more than simply setting up a new company and cracking on, as appears to have happened at Marske. I led the process which converted Ashford Town (Middlesex) into a Company Limited by Guarantee, which has no shares so preserves the traditional membership structure whilst limiting liability for individuals. We had to work through a lot of individual steps, including: An EGM of the existing club to 'approve in principle' incorporation and for all assets and liabilites to be transferred, in full, from the old club to the new company Drawing up of Articles of Association and getting them approved by The FA Putting all proposed Directors through the Owners & Directors' Test Getting written approval for the club's memberships and affiliations to be transferred from ALL the relevant football bodies. At that time, that meant getting the Middlesex FA, Surrey FA, Isthmian League, Suburban League and Southern Youth League to grant their assent. To agree the date on which the old club would cease trading and the new company would be begin (we settled on the next AGM, in the May following the season in which this work began). The last AGM of the old club and first AGM of the new company had to formally 'hand over' from one to t'other The final step was for The FA Council, who had to approve the transfer of membership from the old body to the new company This all had to be done before the new company could officially do anything. You can't just register a new company, put out a few statements on your website and start selling shares! At Ashford, it was months of work and our timeline was speeded up because I worked for Middlesex FA at the time, so could draw on contacts at Wembley. My boss was also very helpful, especially when we had to go to The FA Council. I think the short timescale is so that the current Marske United club can provide 'proof of funds' by the end of their current suspension, giving their NewCo time to jump through the hoops I've hinted at above. A longer suspension is probably untenable for all parties." You are right in the hoops that need jumped through, but I think that’s been put on hold until the end of the season now.
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Post by pooliehopper on Dec 12, 2023 13:17:15 GMT
From what I gathered, problems have been brewing for a while. I'm sure even when they were in the NPL East there were murmurs of financial constraints. When Jarrett went, that's when I first began hearing about serious issues (fans banned, controversial appointment of Woodhouse, players unhappy).
It seems last seasons issues on the field and off the field have transitioned into this one, but now it's came to loggerheads. All very sad...but one must ask...could Marske ever seriously be sunstainable at that level?
Where they've got the number of 120k from I have no idea. Do they want to keep paying every player they currently have? Surely they could call up their youth players and rebuild in the NPL East next season?
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Post by england on Dec 12, 2023 13:27:22 GMT
From what I gathered, problems have been brewing for a while. I'm sure even when they were in the NPL East there were murmurs of financial constraints. When Jarrett went, that's when I first began hearing about serious issues (fans banned, controversial appointment of Woodhouse, players unhappy). It seems last seasons issues on the field and off the field have transitioned into this one, but now it's came to loggerheads. All very sad...but one must ask...could Marske ever seriously be sunstainable at that level? Where they've got the number of 120k from I have no idea. Do they want to keep paying every player they currently have? Surely they could call up their youth players and rebuild in the NPL East next season? That’s pretty much the nail on the head, they have found themselves at a level that they can’t really be sustainable at. Just cut your cloth accordingly and if it means relegation then so be it.
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Post by sikirk on Dec 12, 2023 14:43:15 GMT
From what I gathered, problems have been brewing for a while. I'm sure even when they were in the NPL East there were murmurs of financial constraints. When Jarrett went, that's when I first began hearing about serious issues (fans banned, controversial appointment of Woodhouse, players unhappy). It seems last seasons issues on the field and off the field have transitioned into this one, but now it's came to loggerheads. All very sad...but one must ask...could Marske ever seriously be sunstainable at that level? Where they've got the number of 120k from I have no idea. Do they want to keep paying every player they currently have? Surely they could call up their youth players and rebuild in the NPL East next season? Thats what i thought, get shot of high earners and see out current season and regroup in division below next season. Unless 120k is to pay off likes of hmrc?
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Post by eastdurhamhopper on Dec 12, 2023 14:58:27 GMT
120k is a monumental ask.
I see twitter has been flooded with requests for retweets etc. i think theres about 4k raised at the time of this post, its not looking good for them.
I think as has been mentioned though its still all very vague and they are not really telling the full story. If they tell everyone why the money is needed and what its going towards they may have more people willing to put their hand int their pockets. without that it all just feels a little shady.
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Post by windy1970 on Dec 12, 2023 15:37:31 GMT
The NPL has tweeted that the club will be allowed to restart their fixtures, but know that the club is in a perilous position. I think the grim reaper is close tbh Yeah because they have withdrew the ownership change so it’s just business as usual. When you say the grim reaper, you actually mean the ability to pay current players wages. Nope, when I talk about the grim reaper I mean the club’s existence. I’ve seen this story many times up and down the country at this level and 99% of the time there’s only one outcome
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Post by england on Dec 12, 2023 15:48:27 GMT
Yeah because they have withdrew the ownership change so it’s just business as usual. When you say the grim reaper, you actually mean the ability to pay current players wages. Nope, when I talk about the grim reaper I mean the club’s existence. I’ve seen this story many times up and down the country at this level and 99% of the time there’s only one outcome I know exactly what you mean I just don’t think they need £120k or the club will fold. That might be the ideal number to see them through on their current wage bill.
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Post by windy1970 on Dec 26, 2023 17:12:36 GMT
Can someone explain Marske’s latest tweet and response. They’re talking about their last dance and someone mentioned a deadline of 5:00pm Friday?
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Post by kingsway12 on Dec 26, 2023 20:27:09 GMT
This Friday coming appears to be definitive, if they have not got the funding required, depending upon other related circumstances, it may well be it for the club, the manager has cited in today's post match interview to that regarding, hoping and trusting a benefactor will come on board. The committee and subsequently the club members will be responsible for any outstanding debts, or what has been raised to date, covers that ?
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