Supporters club donate £40k to multi-millionaires

[Max Fowler]

https://www.leytonorient.com/news/2022/ ... o-the-o-s/

[Story of O]

So it goes into their pockets? Of course not, it goes to helping run the club

[Long slender neck]

"the fund will be used as a contribution towards the new floodlight system that is to be installed at the stadium during the summer months, bringing the lighting up to Sky Bet Championship standards."

[Max Fowler]

It means they have to take £40k less out of their pockets than they otherwise would have so yes, effectively.

The supporters club should be buying shares in the club with this money.

[Gary's Big Brother]

Dunno 'bout you bruv but would like to have seen this dosh spent on a player. There should be restrictions on what it can be used on. "Ring fencing" I think you accountant types call it.

[Stamford O]

Really bad of these millionaires that they make us buy our own season tickets as well.hope they feel ashamed of themselves

[Max Fowler]

Dunno 'bout you bruv but would like to have seen this dosh spent on a player. There should be restrictions on what it can be used on. "Ring fencing" I think you accountant types call it.

Good idea.

I actually think they could do one better, instead of handing the money over to Ling to spaff up the wall on another crock, they could get Karen and the bloke with the sandwiches to actually buy a player and hand the player over to the club.

[Gary's Big Brother]

Really bad of these millionaires that they make us buy our own season tickets as well.hope they feel ashamed of themselves

Wait until you hear about what they have in store for the young 'uns. You will go mental.

Lucky for them my bruv is onto them and holding their feet to the fire. Well he would be if they weren't completely ignoring him a bit like mum did when we were nippers.

[Long slender neck]

They should have spent it on

U18 season tickets
Martin Ling bonus
Bored Ape NFTs
Hand dryers
Bovril Lids

[slacker]

I'd like to have seen the SC get some shares for each donation, so at least they increased the fans stake in the club. Over the years since Hearn started that could have grown to a decent percentage of ownership and, maybe, helped block some of the dodgier decisions taken in running the Club.

[Gary's Big Brother]

Dunno 'bout you bruv but would like to have seen this dosh spent on a player. There should be restrictions on what it can be used on. "Ring fencing" I think you accountant types call it.

Good idea.

Cheers bruv, nobody has said that to me in years who wasn't rolling their eyes at the same time.

[Max B Gold]

I'd like to have seen the SC get some shares for each donation, so at least they increased the fans stake in the club. Over the years since Hearn started that could have grown to a decent percentage of ownership and, maybe, helped block some of the dodgier decisions taken in running the Club.

Problem is new investors come along and dilute the fans shareholding to nothing when they bung in their cash for shares, so the fans might as well just hand over the money and have their names inscribed on a brick.

[tuffers#1]

Dunno 'bout you bruv but would like to have seen this dosh spent on a player. There should be restrictions on what it can be used on. "Ring fencing" I think you accountant types call it.

Good idea.

I actually think they could do one better, instead of handing the money over to Ling to spaff up the wall on another crock, they could get Karen and the bloke with the sandwiches to actually buy a player and hand the player over to the club.

Would need to increse the price of Beer to do that . Well done you for suggesting it .

[StillSpike]

Is it really a "donation" to the club, or is it more by way of a rental for the premises? I ask because a number of supporter clubs at Raith Rovers are allowed space within the stadium for their bars, but in return pay over a significant portion of the profit to the club in lieu of rental.

[tuffers#1]

Is it really a "donation" to the club, or is it more by way of a rental for the premises? I ask because a number of supporter clubs at Raith Rovers are allowed space within the stadium for their bars, but in return pay over a significant portion of the profit to the club in lieu of rental.

I always understood it to be from the profit reinvested , well thats how Lou Day explained it to me .

[Loyal_Supporter]

It means they have to take £40k less out of their pockets than they otherwise would have so yes, effectively.

The supporters club should be buying shares in the club with this money.

It's being put towards the new floodlights. It's going into the club, not to them...

[RedDwarf 1881]

We all love Orient , don't we ? . Well then we're all pulling together to try and improve the club . For example the Orient outlook podcast guys said the club wanted Championship standard floodlights which I would imagine are not cheap .

[Max Fowler]

It means they have to take £40k less out of their pockets than they otherwise would have so yes, effectively.

The supporters club should be buying shares in the club with this money.

It's being put towards the new floodlights. It's going into the club, not to them...

If the supporters hadn't gifted the investors £40k, then they would have had to cough up an additional £40k to pay for these lights. It's the same thing. This isn't difficult.

[The Big Shot]

It means they have to take £40k less out of their pockets than they otherwise would have so yes, effectively.

The supporters club should be buying shares in the club with this money.

It's being put towards the new floodlights. It's going into the club, not to them...

If the supporters hadn't gifted the investors £40k, then they would have had to cough up an additional £40k to pay for these lights. It's the same thing. This isn't difficult.

Do you tell many multi millionaires what they should spend their money on regularly?

[JimbO]

One of the terms of the donations is that it goes on the things like the floodlights (think it was used to clean the gable a while back)and goes nowhere near the playing squad.

[Top of the JES]

Original post is made every time there is a donation. tiresome boring wum.

[Max Fowler]

Original post is made every time there is a donation. tiresome boring wum.

Prove it.

The point is valid. Even LOFT head honchos have agreed above. Sticking in that amount of money deserves a stake in the club.

Barry Hearn is some £500k - £1m richer than he otherwise would have been thanks to these donations over the years.

[Top of the JES]

Original post is made every time there is a donation. tiresome boring wum.

Prove it.

The point is valid. Even LOFT head honchos have agreed above. Sticking in that amount of money deserves a stake in the club.

Barry Hearn is some £500k - £1m richer than he otherwise would have been thanks to these donations over the years.

So apart from moaning about SC donations to the club and the u-11 season tickets being withdrawn, anything else you want to grumble about?

We will all benefit from improved floodlighting from next season thanks to this donation and rather moan at the club you should be taking issue with all those muppets who have abused the under 11 ticket scheme in the past and forced the club into taking action.

The SC have donated £1.35 million over many seasons, if a portion of that were taken up in shares frankly it would make no difference to anything.

[Max B Gold]

Original post is made every time there is a donation. tiresome boring wum.

Prove it.

The point is valid. Even LOFT head honchos have agreed above. Sticking in that amount of money deserves a stake in the club.

Barry Hearn is some £500k - £1m richer than he otherwise would have been thanks to these donations over the years.

The SC have donated £1.35 million over many seasons, if a portion of that were taken up in shares frankly it would make no difference to anything.

I always admire those who feel able to speak with such certainty. Can you explain to us how you know this?

[Top of the JES]

Prove it.

The point is valid. Even LOFT head honchos have agreed above. Sticking in that amount of money deserves a stake in the club.

Barry Hearn is some £500k - £1m richer than he otherwise would have been thanks to these donations over the years.

The SC have donated £1.35 million over many seasons, if a portion of that were taken up in shares frankly it would make no difference to anything.

I always admire those who feel able to speak with such certainty. Can you explain to us how you know this?

https://www.leytonorient.com/news/2022/ ... o-the-o-s/