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]

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]

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]

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]

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]

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]

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??

 

[lancsdave]

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

There are probably a million rules about getting the matched funding, not even discussed those yet and you're opting out

 

[Chrisr]

Good on Andy Holt but it does say that only the headers agreed with the council. but I hope it goes through. When Stanley are a league one club we need some real transparency but I feel the current MD won't allow too much of that. Rob Heys did a great job for the club overall. but so have the all the volunteers that will be swept aside. The new MD could not care less about people who have helped the club.

 

[KiTChener]

There are probably a million rules about getting the matched funding, not even discussed those yet and you're opting out

Sorry, mate, not intending to 'opt out', just not understanding the financial implications of how we now have apparently 1.32mil at our disposal!
I await a simple explanation from anybody on here!

 

[cashman]

That money if i recall was from when we got promoted from conference, as i understand yeh got to put so much forward and the equivalent comes from the fund? its still yon cos stanley never had the money, also yeh must have a lease of at least 10 yrs as i understand things. of coarse if there was transparency as baldy says surely they would explain this better than me?

 

[deeayess]

Sorry, mate, not intending to 'opt out', just not understanding the financial implications of how we now have apparently 1.32mil at our disposal!
I await a simple explanation from anybody on here!

Its like those Tesco voucher things where if you have a £5 clubcard voucher you can double it up to £10.

For every pound the club put up you get a pound from the grant up to a maximum of £660k. Unless we put up money we get nothing and you only get the same amount of money you put up so if the Club put up £10k then they get a grant of another £10k, put up £50k you get a grant of £50k up to a maximum of put up £660k and get a grant of £660k making a total amount of £1.32 mil for putting up £660k