Transparency

[baldy]

Andy Holt has tweeted...

"Final accounts agreed for ASFC to 31st May 2015, loss of £369,386 (2014 £267,483) expect 2016 similar to 2015.

Heads of terms now agreed with Hyndburn Council regarding new 50 year lease. This will unblock matched funding.

full lease if approved by football foundation unlocks £660k of match funding enabling £1.32m of improvements"

Cant fault him for his open honesty, Lets hope we get funding sooner rather than later to start the much needed stadium improvements!

[cashman]

Thats a big positive for stanley amazed if HBC has done summat right fer once.

[Exile on Spencer St]

Great news. Good to hear we have someone who can get the Council to agree to work with the Club.

[KiTChener]

Great news, really positive for a change!

Just hope the club will now be as 'transparent' in how they treat their employees.

As yet, nothing on 'fishy' thanking Rob for all his hard work over God knows how many seasons he has given his all for the good of the club.

[cashman]

Originally Posted by KiTChener

Great news, really positive for a change!

Just hope the club will now be as 'transparent' in how they treat their employees.

As yet, nothing on 'fishy' thanking Rob for all his hard work over God knows how many seasons he has given his all for the good of the club.

Aye weres the transparency in that?

[smudgie]

..... Amen.

And people dare to be critical of the man. Andy Holt = legend

[Tom D]

I might have missed this somewhere but does anyone know what the ground improvements will be?

[Wynonie Harris]

Originally Posted by baldy

Andy Holt has tweeted...

"Final accounts agreed for ASFC to 31st May 2015, loss of £369,386 (2014 £267,483) expect 2016 similar to 2015.

Heads of terms now agreed with Hyndburn Council regarding new 50 year lease. This will unblock matched funding.

full lease if approved by football foundation unlocks £660k of match funding enabling £1.32m of improvements"

Cant fault him for his open honesty, Lets hope we get funding sooner rather than later to start the much needed stadium improvements!

So, why is this not on t'fishy site? Why do have to rely on second-hand tweets to find out about it? Why is the news about Rob and a word of thanks to him not on t'fishy site?

Not my idea of "transparency".

[deeayess]

So I would presume from that that the £660k is match funding so we have to find £660k to get it or it is proportionally reduced to the amount we spend. If Andy Holt is putting the £660k up then good on him but if it's loans or borrowing then I hope we have a plan to fund it on top of cutting the losses year on year.

[KiTChener]

Originally Posted by deeayess

So I would presume from that that the £660k is match funding so we have to find £660k to get it or it is proportionally reduced to the amount we spend. If Andy Holt is putting the £660k up then good on him but if it's loans or borrowing then I hope we have a plan to fund it on top of cutting the losses year on year.

Seems like I'm not the only one who doesn't understand how 660k can now become 1.32 mil.
Please can someone explain?

[baldy]

"Matched funding"...Andy Holt/The Club have to match that of the funding!

[maccawozzagod]

they match whatever you put in up to 660k

660k x 2 = 1.32m

[KiTChener]

Originally Posted by maccawozzagod

they match whatever you put in up to 660k

660k x 2 = 1.32m

Yeah, I know that 660x2 is 1.32, but where does the original 660 come from??

[Chewbacca]

Originally Posted by KiTChener

Yeah, I know that 660x2 is 1.32, but where does the original 660 come from??

Wasn't that the sum that was promised when the shareholders voted to give him control? £1.2 million on shares plus 600k investment?

[KiTChener]

Originally Posted by Chewbacca

Wasn't that the sum that was promised when the shareholders voted to give him control? £1.2 million on shares plus 600k investment?

Sorry, getting beyond me now, can we not just talk about the football??