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vikingTON last won the day on August 17
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About vikingTON
- Currently Viewing Topic: GMFC Fighting Fund
- Birthday 09/29/1990
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1) It's possible for Bart to be an effective point of contact for members of the MCT board, while remaining a completely inappropriate representative of the owning membership. As someone else seems fond of saying in every second post at the moment, these things are not mutually exclusive. As a member rather than an MCT board director I want a board room representative who has generated sufficient trust. 2) The MCT AGM that ran for nearly 3 fucking hours and almost descended into a zoo at times? We didn't even cover the Estrella deal within the stated time frame. But aye let's chuck in a motion of no confidence as well, so that we can still be in Regent Street now. Be serious please. 3) You have ample reason to suspect this given the complete lack if transparency by the club and its contradictory statements between Friday, Monday and then yesterday. You choose not to suspect and take the club in good faith because you are acting as a fan. That the club cannot and IMO should not be taken in good faith is an outcome of their persistent lack of transparency in the first place - and the ongoing absence of accountability for their own actions. I'd encourage the renewed MCT board to signal their intent to do better than the latest, all-summer farce to have unfolded at this club, between now and the apparent crunch point in October.
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If we binned every single responsible GMFC and MCT board member then it would demonstrate accountability and taking responsibility for failed leadership, which should be a precondition for any new fundraising drive. Throwing more good money at dung leadership and More McKenzie Carse without a serious plan for change is just a daft football fan response rather than a rational one.
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Graham Barr was a prime mover in giving Dalrada opportunity to throw their weight around and trashing the club's reputation in the press 15 months ago. Yet despite repeated and frankly self-pitying pledges to resign, he still represents MCT at club board level. This should have been regarded as inappropriate after last May's mess and untenable once their big mates at Dalrada became a bad debtor. It's well past time to go and for a new rep with little such baggage to provide that link between club operations and the owning membership. Have they come clean, or is it just another selective set of disclosures to rebut Estrella, that do not reflect the true operating reality of the club? Why didn't they come clean in last Friday's statement, or the video in July, or their bravado statement about Unacceptable Standards in May. And let's recall that no evidence was actually presented for this 'fine this month, but big problems by October' line. There's no cashflow projection to support this - people are taking this claim on trust alone. Yet there is simply no credible track record of transparency and honesty to support this stance, IMHO. 'Not being Estrella' should not make the other two parties any more credible right now.
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You are overlooking the fact which was confirmed last night - and a rumour that was already common knowledge by April 2026 outside of the club - that Dalrada were already defaulting on payments before season's end. So the responsibility for a hole in this season's budget must be shared between the bad debtor and the GMFC board. The latter had the ability to remove the vast majority of its future exposure to Dalrada funding in the close season. They only removed 1 single contract: £40k removed, to cover a projected £340k shortfall if no future payments are met. Who is responsible for that hole in the budget, other than those who set it? And they could also have gone part-time or hybrid over the close season to account for a drastic reduction in the wider player budget, or opted for a combination of the two. They didn't do this though. They instead opted in classic GMFC fashion (over decades) to try and muddle through, preserve their (and a bizarre section of the fanbase's) fixation with full-time football, and hope that a phone call or two to Brian Bonar and asking for hauners from external parties would suffice. Oh and let's not forget their defiant statement in May about how they would be imposing much higher standards in the season to come - knowing full well that their major sponsor was at that time not providing the funds promised. So if anything, they knowingly missold their product to ST holders. The executives on both boards kept the reality of the situation hidden from the actual ownership until a) we started losing to LL teams and then b) had further details smoked out by a hostile Estrella statement in the middle of August. There is not one but a litany of failures at boardroom level here, that should result in a majority of responsible heads rolling prior to any sort of salvage job. In no other business than football would such a detachment between accountability and public bailout be tolerated - take the blue and white specs off.
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IIRC Dalrada were fundamentally opposed to this, and made it a working condition of their partnership that MCT capital also go towards the shittest ever attempt at ambishun.
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1) Not enough of a concern for joint board members to put a £200k capital investment offer on the table in a disinterested manner to the owners of the club. 2) Not enough to stop them from divesting from all but 1 of fhe Dalrada backed players in the close season, despite the default having already started in spring, and 3) Not enough to stop the signing of a 17th central midfielder less than a fortnight ago. So GMFC turning on and off the concern tap on a daily basis should be treated with contempt, until they can either get their story straight and/or resign for credible leadership to take their place.
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Well I don't recall the club issuing a 'Fighting for two months time if Dalrada don't pay up' Fund today. So who is exaggerating - is it the club's claim today, versus board members last night, or versus their complete omerta surrounding any other financial risk than Big Bad Estrella four days ago? Because setting out three positions in five days based on your intended audience are mutually exclusive. I'd also like to know why are you assuming this timeframe from organisations that have i) just demonstrated their bad faith in presenting financial transparency to the owning membership (such as the extent of Dalrada defaults and seeking hauners from external lenders) as well as ii) the specific claims of a rep/board member, who has previous form for peddling utter nonsense to a gormless Tele journalist, back when they wanted to get their big mates at Dalrada running the show? The right-thinking section of the GMFC fanbase - and MCT members - need to stop clutching all their pearls about Estrella statements already, and face up to the other two bad faith and manipulative bodies still operating out of Sinclair Street. Any fighting fund being issued today should have pre-empted by a resignation of a majority of GMFC board members for failing in their basic duties in getting to that point. The new Financial Director can stay.
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Oh aye and let's not forget that Dalrada were already in arrears for their payments before the 25/26 season ended. Yet the GMFC board opted not to take the logical action of divesting all risk from a bad debtor and sucking up the loss of our frivolous 'fullll-time futba' status. Just phone Uncle Brian in America again and pretend that nothing else can be done. So if the club can't make it past fucking August without such a risible appeal to the wider football community, heads should be rolling more widely than the Reign of Terror ar Sinclair Street, before anyone is asked to put more good money in dung stewardship.
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How would the club "go to the wall" before the end of the year, as an organisation with no external debt (unless the board have forgotten to mention that too, like their soft loans to cover wages decision). Is there a substantial risk of cashflow issues and our never-to-much-exist points total being deducted? Very much so. But that doesn't come close to causing a close of business, as about 50 other Scottish football clubs have demonstrated this century.
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If we're actually closer to the brink than was 'admitted to' last night to the actual owners of the club by their representatives on the board, then a lack of funding is the least of our current problems. Who is serving whom exactly in this organisation?
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I seem to recall this 'just move on and await a turnover of officials' attitude last summer too. Yet for some reason, they're still in place.
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MCT and GMFC board members were also willing to blindside the owning and voting membership by presenting a deceptive and partial picture of the club's financial situation, in order to influence a vote in future investment. Or did they just forget to mention the soft loans? So when it comes to saving the club, we need to seriously think about the fitness of anyone involved in this latest farce to continue in post. Fresh off a very similar scenario last May when it was Mr Bonar and some of the very same individuals doing the pitch and Mr Renfrew trying to spoil it; our operating model seems to consist of little more than backstabbing and factionalism. I am losing confidence in the value of fan ownership as a model even in the short term. There are four new MCT board reps though, and once onboarded, I will wait and see how they approach the task of representing the owning membership in a fully transparent manner - as opposed to both last night and last May's exercises in selective bad faith.
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When was this mooted - it wasn't a resolution passed at the AGM. The main solution focused on last night was the mystery 10 man/woman consortium who are of course riding in to save the day.
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The owners of the club had a package for £600k of capital investment yesterday evening, which MCT board members and in particular MCT reps on the club board actively tried to influence a vote against. The GMFC board issued a similar statement on Friday. So it seems that some things are indeed regarded as 'off the table', when it suits the joint board. According to the for some reason ever present MCT rep on the club board, the claims of EFG about the club's solvency were terribly overstated, scurrilous lies. So no need for a fighting fund unless the defence from last night was in fact lies. So the onus is firmly on MCT leadership and the club board to solve the issues - instead of a fan base that is already putting £150k of capital into the club per year for no return whatsoever.
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Businesses use short term loans from banks or other financial service providers. EFG are not that and asking them for gainers prior to any working relationship being established is wild. As is tapping an undisclosed soft loan benefactor without any apparent intention to disclose this information prior to voting. So when it comes to interested parties using information as a weapon, it's clearly not just EFG (whose business agenda should be treated critically throughout). MCT representatives have no such excuses. Either consciously or not, they let their own preferences cloud their duty of transparency about GMFC's operating situation, in an attempt to influence the vote.