Independent Leyton Orient Forum

Top of the JES wrote: ↑Wed May 11, 2022 4:28 pm
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 suggest you write a letter to Nigel, tell him you’ve got a spare £1.35m and ask how much of a stake that will get you. I guarantee it will be a not insignificant chunk.

Top of the JES wrote: ↑Wed May 11, 2022 4:28 pm 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.

Bit unnecessary, calling our fans muppets.

‘Abuse’ of the system isn’t quite accurate. The club have set the Family tickets up with massive flaws, and have ballsed it up even further by scrapping the U11 ticket.

Why are you getting so touchy over this?

That £40,000 will probably cover Kenny Jackett's pay-off

Gary the Plumber wrote: ↑Wed May 11, 2022 5:49 pm

Top of the JES wrote: ↑Wed May 11, 2022 4:28 pm
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 suggest you write a letter to Nigel, tell him you’ve got a spare £1.35m and ask how much of a stake that will get you. I guarantee it will be a not insignificant chunk.

Thanks for the advice, but you seem to be the one with the chip on his shoulder, why not write to Dave Dodd and suggest he buys shares on behalf of the supporters, money is better spent on the floodlights tbh.

Gary the Plumber wrote: ↑Wed May 11, 2022 5:53 pm

Top of the JES wrote: ↑Wed May 11, 2022 4:28 pm 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.

Bit unnecessary, calling our fans muppets.

‘Abuse’ of the system isn’t quite accurate. The club have set the Family tickets up with massive flaws, and have ballsed it up even further by scrapping the U11 ticket.

Why are you getting so touchy over this?

Anyone who abuses the system that is meant to help parents get kids to football at a low price is a muppet - end of. Had it not been abused you would still have your £49 tickets.

Top of the JES wrote: ↑Wed May 11, 2022 6:38 pm

Gary the Plumber wrote: ↑Wed May 11, 2022 5:49 pm

Top of the JES wrote: ↑Wed May 11, 2022 4:28 pm
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 suggest you write a letter to Nigel, tell him you’ve got a spare £1.35m and ask how much of a stake that will get you. I guarantee it will be a not insignificant chunk.

Thanks for the advice, but you seem to be the one with the chip on his shoulder, why not write to Dave Dodd and suggest he buys shares on behalf of the supporters, money is better spent on the floodlights tbh.

You realise that if the SC had bought shares, the £40k still goes into the club and they can buy the floodlights?

Top of the JES wrote: ↑Wed May 11, 2022 6:40 pm

Gary the Plumber wrote: ↑Wed May 11, 2022 5:53 pm

Top of the JES wrote: ↑Wed May 11, 2022 4:28 pm 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.

Bit unnecessary, calling our fans muppets.

‘Abuse’ of the system isn’t quite accurate. The club have set the Family tickets up with massive flaws, and have ballsed it up even further by scrapping the U11 ticket.

Why are you getting so touchy over this?

Anyone who abuses the system that is meant to help parents get kids to football at a low price is a muppet - end of. Had it not been abused you would still have your £49 tickets.

No it’s the clubs fault for setting up a system that is open to ‘abuse’.

Gary the Plumber wrote: ↑Wed May 11, 2022 7:32 pm

Top of the JES wrote: ↑Wed May 11, 2022 6:38 pm

Gary the Plumber wrote: ↑Wed May 11, 2022 5:49 pm

I suggest you write a letter to Nigel, tell him you’ve got a spare £1.35m and ask how much of a stake that will get you. I guarantee it will be a not insignificant chunk.

Thanks for the advice, but you seem to be the one with the chip on his shoulder, why not write to Dave Dodd and suggest he buys shares on behalf of the supporters, money is better spent on the floodlights tbh.

You realise that if the SC had bought shares, the £40k still goes into the club and they can buy the floodlights?

It makes no difference at all. The share holding would be completely insignificant. If you are that unhappy about it speak to David Dodds.

Gary the Plumber wrote: ↑Wed May 11, 2022 7:32 pm

Top of the JES wrote: ↑Wed May 11, 2022 6:38 pm

Gary the Plumber wrote: ↑Wed May 11, 2022 5:49 pm

I suggest you write a letter to Nigel, tell him you’ve got a spare £1.35m and ask how much of a stake that will get you. I guarantee it will be a not insignificant chunk.

Thanks for the advice, but you seem to be the one with the chip on his shoulder, why not write to Dave Dodd and suggest he buys shares on behalf of the supporters, money is better spent on the floodlights tbh.

You realise that if the SC had bought shares, the £40k still goes into the club and they can buy the floodlights?

How do you know that shares are even available to be purchased?

As for thinking the owners would just get an extra £40k out of their pockets, I don't see it like you. They would probably upgrade the lights and hope spending a little less on the squad would get the same success as they hoped for if they'd spent more.

You seem to have a lot of bright ideas. Even thought of buying shares in the club to have your say??

Sadly I haven’t got a spare £1.3m knocking around.

Dunnem, how you fixed?

Blew the lot on Michael Owen's NFTs.

Nice of them to upgrade Barry H£arns stadium.

To be fair, we could take them with us or even auction them off to fans when we eventually get turfed out.

There’s nothing we can do about the additional £1m form the SC sitting in Barry and Edwards bank account, sadly.

Gary the Plumber wrote: ↑Thu May 12, 2022 10:04 am To be fair, we could take them with us or even auction them off to fans when we eventually get turfed out.

There’s nothing we can do about the additional £1m form the SC sitting in Barry and Edwards bank account, sadly.

Would it really be £1m if deductions were made for rent, utilities, admin, stewarding etc?

Gary the Plumber wrote: ↑Wed May 11, 2022 9:29 pm Sadly I haven’t got a spare £1.3m knocking around.

Final proof that you're not a REAL plumber!

BoniO wrote: ↑Thu May 12, 2022 10:45 am

Gary the Plumber wrote: ↑Wed May 11, 2022 9:29 pm Sadly I haven’t got a spare £1.3m knocking around.

Final proof that you're not a REAL plumber!

If he's a plumber then ofc he has - but its in cash....

So am I right in thinking that when the supporters club gives money to the club as in this instance, it’s literally with no expectation of any return or stake? It’s just a gift?

Has anyone taken into account the amount of money our owners put into the club and how much they lose every season . Just another WUM thread ,a plumber with no work to do .

soloman wrote: ↑Thu May 12, 2022 11:51 am Has anyone taken into account the amount of money our owners put into the club and how much they lose every season . Just another WUM thread ,a plumber with no work to do .

Apparently they are making an "investment" which would indicate they anticipate a return on it.

The supporters club are just giving money away.

Can you now see the difference.

Whilst there is a certain amount of Wumery in the Plumbers posts. His point is a valid one.

Max B Gold wrote: ↑Thu May 12, 2022 12:04 pm

soloman wrote: ↑Thu May 12, 2022 11:51 am Has anyone taken into account the amount of money our owners put into the club and how much they lose every season . Just another WUM thread ,a plumber with no work to do .

Apparently they are making an "investment" which would indicate they anticipate a return on it.

The supporters club are just giving money away.

Can you now see the difference.

Whilst there is a certain amount of Wumery in the Plumbers posts. His point is a valid one.

I'll ask again - isn't the "donation" / "investment" / call it what-you-will really just a paymnet in lieu of rent on the premises that the SC occupies? - If so, it looks like it works out at about £800 a week - I've no idea if that's a reasonable rent for the space they have, perhaps someone in the know would elucidate ?

Also, is there a tax or VAT rule that makes it advantageous to treat the rent received as a donation rather than a flat rent.

Max B Gold wrote: ↑Thu May 12, 2022 12:04 pm

soloman wrote: ↑Thu May 12, 2022 11:51 am Has anyone taken into account the amount of money our owners put into the club and how much they lose every season . Just another WUM thread ,a plumber with no work to do .

Apparently they are making an "investment" which would indicate they anticipate a return on it.

The supporters club are just giving money away.

Can you now see the difference.

Whilst there is a certain amount of Wumery in the Plumbers posts. His point is a valid one.

The only people who might ever get a return investing in a football club are owners of clubs in the Premiership - a completely different world.

I have never heard our owners or any other owners at our level say they expect to earn or get their money back from their club. If you were paying attention you will have noted that the owners stated aim is to try and break even and they are still a long way off doing so. it's costing them £millions to sustain it. If the owners are all in it for a return why did Kent Teague write off £2 million worth of share holding last year?

LOSC have been donating funds to pay for projects around the club for many years - It's been their long stated aim since they were formed that any profit made will go to the club to spend on agreed projects - It's money LOSC have worked hard to raise they are entitled to do with it what they like.

StillSpike wrote: ↑Thu May 12, 2022 12:33 pm

Max B Gold wrote: ↑Thu May 12, 2022 12:04 pm

soloman wrote: ↑Thu May 12, 2022 11:51 am Has anyone taken into account the amount of money our owners put into the club and how much they lose every season . Just another WUM thread ,a plumber with no work to do .

Apparently they are making an "investment" which would indicate they anticipate a return on it.

The supporters club are just giving money away.

Can you now see the difference.

Whilst there is a certain amount of Wumery in the Plumbers posts. His point is a valid one.

I'll ask again - isn't the "donation" / "investment" / call it what-you-will really just a paymnet in lieu of rent on the premises that the SC occupies? - If so, it looks like it works out at about £800 a week - I've no idea if that's a reasonable rent for the space they have, perhaps someone in the know would elucidate ?

Also, is there a tax or VAT rule that makes it advantageous to treat the rent received as a donation rather than a flat rent.

I was on the SC Committee for several years and as far as I am aware there is no rent charged. Long standing agreement that the club provides space for LOSC. In the early days of LOSC any buiding work or improvements to the old "portacabin" club were LOSC responsibility.

Top of the JES wrote: ↑Thu May 12, 2022 12:47 pm

StillSpike wrote: ↑Thu May 12, 2022 12:33 pm
I'll ask again - isn't the "donation" / "investment" / call it what-you-will really just a paymnet in lieu of rent on the premises that the SC occupies? - If so, it looks like it works out at about £800 a week - I've no idea if that's a reasonable rent for the space they have, perhaps someone in the know would elucidate ?

Also, is there a tax or VAT rule that makes it advantageous to treat the rent received as a donation rather than a flat rent.

I was on the SC Committee for several years and as far as I am aware there is no rent charged. Long standing agreement that the club provides space for LOSC. In the early days of LOSC any buiding work or improvements to the old "portacabin" club were LOSC responsibility.

Thanks. Does this mean that there's no formal tenancy agreement?

Dunners wrote: ↑Thu May 12, 2022 1:04 pm

Top of the JES wrote: ↑Thu May 12, 2022 12:47 pm

StillSpike wrote: ↑Thu May 12, 2022 12:33 pm
I'll ask again - isn't the "donation" / "investment" / call it what-you-will really just a paymnet in lieu of rent on the premises that the SC occupies? - If so, it looks like it works out at about £800 a week - I've no idea if that's a reasonable rent for the space they have, perhaps someone in the know would elucidate ?

Also, is there a tax or VAT rule that makes it advantageous to treat the rent received as a donation rather than a flat rent.

I was on the SC Committee for several years and as far as I am aware there is no rent charged. Long standing agreement that the club provides space for LOSC. In the early days of LOSC any buiding work or improvements to the old "portacabin" club were LOSC responsibility.

Thanks. Does this mean that there's no formal tenancy agreement?

Not in the past but things may have changed since I left a few years back.

Top of the JES wrote: ↑Thu May 12, 2022 12:43 pm
The only people who might ever get a return investing in a football club are owners of clubs in the Premiership

Tell that to Barry Hearn.