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vikingTON

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Posts posted by vikingTON

  1. 40 minutes ago, Hoofballer said:

    MCT solely become a cash cow after we let the Trojan Horse into the mix.

    If a deal gets pushed through with all the integrity of a presidential election in Belarus, then that cash cow will be running dry very quickly. The interim board either forget - or don't care - about the fact that their temporary period of relevance is incumbent on the goodwill of members stumping up additional and entirely voluntary funds every single month. There is a serious risk that without a change in strategy and greater transparency (see the last five pages or something). then next month's EGM will spell not just the end of fan oversight of the club but also the end of MCT as a serious umbrella organisation.

    Quite how that leaves the club in a stronger overall position is anyone's guess.

  2. 1 hour ago, Hoofballer said:

    They have invited questions all, get your questions into them for their official response.

    if replies are not forthcoming or timed for ambush prior to or during meeting we shall be able to make judgement on motives of MCT board currently.

    While it's both understandable and good that many pertinent questions have already been sent, the second line above is key. Let's not lose sight of the actual power relationship here:

    MCT's 'interim board' (shelf life: one week; credibility: zero) are proposing a significant change to the ownership rights that MCT members as a collective body are supposed to exercise within the club. It is entirely the job of the interim board to explain their case to merit majority support - not on MCT members to either pick it apart with questions or to 'come up with a better alternative' (watch that old tactic cropping up).

    When this collected set of Q and A points are circulated, MCT members should study not only the content of the answers provided but also the manner in which the issues are addressed. Does the Interim Board recognise your concerns fully? Does it provide as much transparency as can be reasonably expected? Or do they continue to address criticism in a hgih-handed manner, as has been the running tactic for the rest of this month to date?

    If so, then you are experiencing a taste of the future relationship not only between MCT members and its initerim board, but between MCT and the new and expanded GMFC board. And you should vote it down.

     

    As for anyone backing this proposal at an official GMFC/MCT level right now: If you believe that this all a misrepresentation of your good faith desire to drag the club into the 21st century - then you need to seriously rethink your PR strategy.  Because tactics like spinning in the local newspaper, obstructing entirely relevant motions within an EGM and setting up daft burner accounts on here are not likely to end well in terms of winning support for your proposal.

    • Upvote 1
  3. 54 minutes ago, Greacen2000 said:

    I’ve set up this petition.  Honestly, I’m not even sure if this is the right thing to do at this stage, but with facts thin on the ground, shambolic communications coming from MCT & more questions than answers, I though this might at least serve as a way of putting a bit of power back in the hands of MCT members without having to wait another 2 weeks.  I won’t be trying to convince anyone to sign it, and feel free to red dot me if you think this isn’t appropriate.  I’m just putting it out there to see if it sinks or swims

    https://chng.it/bzcHLsQmm2

    Edit - if anyone else thinks they have a better idea and wants to put together their own petition, I will take this down as the last thing we need is different ones competing against each other.  Likewise if i get feedback on here suggesting that most people think the petition is a bad move then i will take it down. 

    Well I doubt that the Tele will do some actual journalism for a change, as opposed to their current M.O. of  regurgitating someone else's obvious spin as 'exclusive Telegraph source reveals club in crisis'. 

    While I was rarely a fan of his rather generous views at times (see 'McInally, Jim' - also filed under 'incompetence'), this garbage coverage wouldn't have happened back in Roger Graham's day. 

    • Upvote 2
  4. 8 hours ago, Rossco said:

    Ban now confirmed as lifted

    image.png

    Good. Now when will GMFC/their attempted Dalrada overlords confirm who will be walking the plank for their administrative failure(s) and pathetic cover-up for at least 6 weeks - dragging the club into disrepute? 

    What with them being so concerned to have professional adults running the business and all. 

  5. 1 hour ago, irnbru said:

    I think there's a lot more clarity needed in terms of what happens next season and what mechanisms MCT will have for taking back control since they are the owners at the end of the day. 

    BUT it's a huge amount of money so would be vary wary of just saying no right away. There's obviously risks that things would go wrong if this goes ahead but there's a bigger risk that they go wrong if it doesn't. We'd be left with no sponsor, no money and no squad with a couple of weeks left until pre season starts. It's easy to say we'd still survive but, realistically, no one is going to enjoy what would happen. 

    Whether it's all been manufactured to leave us with our backs against the wall is another story, and I don't really like how it's come about and the uncertainty of people involved, but I think we've been left with no choice if we want a decent team. 

    Oh well if the alternative is not going to be enjoyable then I guess we can just hand over control of the club to any old charlatan instead. 

    • The club would not be "without a squad". 

    • The club would also not be "without money".

    You should be asking why, if Dalrada were genuinely committed to supporting community ownership and strengthening the club going forward, such a proposal was not set out months ago to be picked over and voted on in an orderly manner that would not have impacted close season preparation. 

    The failure of planning rests entirely on those who argue that they are fighting to achieve competent and professional governance. Which is not a good look. 

    1 hour ago, gmfc_craig said:

    Been said many times but we MUST take out egos, any sour grapes involved and it's all becoming a bit "They said this and they done this". We MUST do what is best for club, whether that's short term or long term. I think am more swaying to voting yes to the deal and forget what has happened before and judge the board(s) from once deal is in place over the next 12 months. 

    The short term is absolutely irrelevant if the long term future is in serious jeapordy. Either as the result of a hostile takeover by untrustworthy individuals OR simply becoming dependent on the whims of a 'backer' whose talk has not even been backed up by paying the bills on time this year. 

    The second reason in itself is why any proposal to deepen links with Dalrada need to be treated with caution. You are entitled to make your own judgment on the last few weeks' farce, but let's not overlook that factual starting point. 

    • Upvote 2
  6. 2 minutes ago, SassenachTon said:

    Understandably - no accounts or spreadsheet has been forthcoming. So no - it's not, unless you choose to provide proof to the contrary. When you do, and when the accounted numbers don't match up to my wildest dreams, you'll receive my profound apologies.

    Meanwhile - he onus is on you to identify why we (as an impecunious fitba entity) should suddenly have their finances thrown into apparent chaos courtesy of motive-related conspiracy theories surrounding our principal sponsor.

    There are no published accounts for GMFC? Or are you just too lazy to find them? Do you work on the 'journalism' desk for the Greenock Telegraph by any chance? 

    You're the one who is claiming that "vast piles of cash" have already been flung at an ungrateful, stupid wee football club by these benevolent white knights - how much are we talking about then? 

    The only organisation whose finances have been "in apparent chaos" are in fact the benevolent sponsors who just so happen to drop the ball on making scheduled payments. That's not a conspiracy theory. 

    • Upvote 2
  7. 6 hours ago, Dirk Gently said:

    No, you can't.  But you can put yourself forward for the board, and existing board members can co-opt you to fill any vacancies if there aren't enough elected board members.

    Co-opting the exact same folk who literally resigned less than one fucking week ago though is as bent as a thirteen bob bit. 

    No replacement directors should be appointed before an EGM and if that means the MCT board grinds to a halt then so be it. Stop fucking resigning every 3 seconds and work together instead.

    MCT directors are responsible to its membership and not to either their own or a sponsor's agenda. I'll be actively considering ending my subscription, unless there is an imminent prospect of all the folk implicated in this being held accountable. 

    • Upvote 2
  8. 7 hours ago, Cet Homme Charmant said:

    So yeah, I would hope and expect that if the club's major sponsor walks away because of in-fighting, then the GMFC shareholders and MCT members immediately demand EGMs to vote on the removal from their respective Boards of those deemed to be responsible.

     

     

    13 hours ago, vikingTON said:

    Really? You're just buying that obvious spin and brinkmanship *so* easily? 

    The answer to that remaining 'yes' then. 

    Can't think of any other possible reasons why a sponsor with a share price yo-yoing and with a less than pristine track record of keeping their commitments might be looking to shift blame for a partnership ending. But hey the Poundland Pulitzer at the Tele says they're definitely putting up £700k so why bother with some critical thinking? 

    • Downvote 2
  9. 1 hour ago, Cet Homme Charmant said:

    Yeah I know, it could of course just be brinkmanship, and it's entirely possible they've just given them a 'deadline' to force their hand. But that's a dangerous assumption to make and I wouldn't want to put it to the test by fannying about and letting it expire without any sort of reaction. So aye, I would buy it just in case they are serious.

    I'm not entirely comfortable either with the amount of power and influence they have either, but rightly or wrongly, they could argue they're bought that right. 

    Why have you raised GMFC and MCT as the two parties that need 'hounded' for not sorting things out, but not the obvious third party here*?

    Do Dalrada's business partners over in Trumpland stick their oar into Dalrada's own boardroom composition, fail to deliver on funding schedules and then (after the latter!) have the brass neck a few months to impose 'deadlines' for settlement? 

    It's either a game of ludicrous brinkmanship, or their commitment to community ownership is on seriously dodgy ground. And they've bought no such rights. 

     

     

     

     

    *Well them and the Tele, who should be got shot of later for acting as a gormless, unthinking mouthpiece throughout this exercise. 

  10. 22 hours ago, HamCam said:

    Most people who invest money want an element of control. This is the challenge for MCT as the majority shareholder in the club. For whatever reason/s there has been a breakdown in relationship between Dalrada and MCT - the chances are both are at fault. Unless there is a whit knight out there with money to burn GMFC need Dalrada if we want to continue as a full-time club competing in the Championship.

    As for the Easdales they have never hidden their club is Rangers - I am sure in the recent past Sandy increased his stake in the newco.

    We are a mess just now and while I retain my reservations over fan ownership I just do not see any other show in town.

    For investors to have a right to some control, they need to buy a shareholding stake. A sponsorship does not by itself confer the same right. If we wanted to consider the arguments made by a sponsor about the club board composition, then IMO that should require approval by the MCT membership. This has not been on the agenda though. 

    About the final point (and the wider discussion too), there's nothing to say that MCT's shareholding must stay at 90% of the club. There was a previous approach from an undisclosed party to invest in GMFC - but as soon as the membership pushed back with even the slightest conditions for transparency, sucj interest vanished without trace. Which leads me to conclude that we were well rid. 

    I'd view a partnership in which MCT has around 50-50 of the club shares alongside private investors (on the board too) as the best of both worlds. But the investors need to be serious about respecting both the ownership rights and the ongoing capital investment that MCT delivers to the club (i.e. recognising share buyback rights or part-ownership of any new infrastructure developed). It is not a stupid wee charity case that private investors get to ignore whenever they feel like it. 

    • Upvote 1
  11. Let's bear in mind* that this was the sane football club who claimed that increased pie sales were single-handedly balancing their gormless promotion push last season too. 

     

     

     

     

    *point and laugh

  12. 2 hours ago, SassenachTon said:

    I also agree that hounding Dalrada is completely unfair. They’ve pumped a shiteload of money into Morton, and I can’t think how they could possibly have been any more supportive. 

    A: By recognising that when representatives of MCT - not Dalrada - are seen to be not fulfilling their brief, that they have no business intervening to influence that internal MCT process. Regardless of whether the representatives involved are 'trusted' club board members (why would any replacements be inherently untrustworthy?) or just big mates with Dalrada's executives. 

    They and other parties have a right to respond and clarify the situation, but  there is a clear issue raised by MCT's version of events about staying in their lane. If you want to argue that it's worth accepting such a compromise then feel free to do so, but let's not pretend that the claimed events outlined are in fact a prime example of supporting community ownership. 

  13. 7 hours ago, irnbru said:

    Nah, don't really agree with it but think that would be the reason. 

    And, probably importantly, if we're aware of these relationships then MCT should have been and maybe took another approach to avoid the risk of losing the money. 

    What would that 'other approach' be exactly?

    There should be further clarification from those involved, but the perceived breakdown between the activity of MCT reps on the club board and the actual ownership body is hardly a new one. It was being raised in a typical cloak and dagger fashion at the last MCT AGM for example, possibly further back as well. 

  14. Some further ranting (tl;dr above). 

    The common thread among the leaked claims (evidently now from one faction in this farce) is the argument that Dalrada are essential to the club's financial survival. That's a distortion based on the figures available in the public domain, because football clubs do in fact still operate on a less than full-time basis.

    The Tele is disgracing itself yet again by reporting otherwise - either because their 'journalist' doesn't understand or is too lazy to grasp basic financial books, before jeopardising a business's credit reputation in the public domain based on unnamed 'sources'. If it weren't for the total binfire behind the scenes, I'd be showing either that organisation or the individual journalist the door for some time to come. 

    Now if our recently stood down Finance Director - leaving as scheduled AFAIK - offered a counter argument about the club's actual financial viability then I'd be minded to reconsider that view. That's someone whose track record in achieving break even and profits lends authority to their judgments. But I'm certainly not buying such claims from some of the time-honoured headbangers that @TONofmemories has rightly identified at the centre of this farce, whose credibility is non-existent. 

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