Sky Blue Trust Fighting Fund (3 Viewers)

[ashbyjan]

At the Sky Blue Trust meeting on Monday it was announced that we would be starting a Fighting Fund in case of administration/liquidation etc. This fund is not there to raise money to buy the club or any shares but is designed to raise money to cover costs such a solicitors fees, accountants fees etc that will need to be covered from day one of any attempt to rescue the club. Donations can now be given directly on the Trust website www.skybluetrust.co.uk

Hopefully SISU will do a deal with ACL but these are dark times and there can be no better time for all Coventry fans to unite and join the Trust - the dark day may be closer than any of us imagined and the Trust will have a part to play in the clubs future. There is strength in numbers - may well be the best £1 you ever spend

 

---

[skyblueman]

At the Sky Blue Trust meeting on Monday it was announced that we would be starting a Fighting Fund in case of administration/liquidation etc. This fund is not there to raise money to buy the club or any shares but is designed to raise money to cover costs such a solicitors fees, accountants fees etc that will need to be covered from day one of any attempt to rescue the club. Donations can now be given directly on the Trust website www.skybluetrust.co.uk

Hopefully SISU will do a deal with ACL but these are dark times and there can be no better time for all Coventry fans to unite and join the Trust - the dark day may be closer than any of us imagined and the Trust will have a part to play in the clubs future. There is strength in numbers - may well be the best £1 you ever spend

What happens to the money if there isn't a rescue required?

 

[ashbyjan]

The money would stay in the fund and at each AGM the members would vote whether to keep it in the fund or to use it for another purpose

 

[We'll_live_and_die]

So you want me to pay for a potential piss up?

 

[Astute]

Yes if I am invited Rich

 

[Covstu]

cool, free drinks!!

actually I think we will need this money at some point the way this is going!!!

 

[sw88]

So you want me to pay for a potential piss up?

Sounds like it!

 

[Houchens Head]

I'm all for a piss-up! Here's me quid!

 

[Waldorf]

The Trust is a Provident Society. It can't spend its money on anything other than the purposes in its constitution. So no piss-ups, no parties, just contributions to local sporting causes.

 

[Nick]

Whats the diff between society and charity?

What happens with interest in the account?

 

[usskyblue]

Whats the diff between society and charity?

We like to talk about the society...mate

 

[chiefdave]

cover costs such a solicitors fees, accountants fees etc that will need to be covered from day one of any attempt to rescue the club

Has anyone from the Trust approached local solicitors, accounts etc. i would be surprised if there was a few who were City fans who would offer there services for free / vastly reduced. Would be great publicity for them should they ever be needed.

 

[shmmeee]

Whats the diff between society and charity?

What happens with interest in the account?

http://en.wikipedia.org/wiki/Industrial_and_provident_society

http://en.wikipedia.org/wiki/Charitable_organization#United_Kingdom

Dunno if that helps

 

[wingy]

Has anyone from the Trust approached local solicitors, accounts etc. i would be surprised if there was a few who were City fans who would offer there services for free / vastly reduced. Would be great publicity for them should they ever be needed.

Is the case here CD,plenty of information has been utilised and scrutinised ,the trust has been promoting

itself because its been ahead of the curve pre-season to now,this has been coming rent or no rent,By the

way i'm no spokesman for them ,just my take.

 

[ashbyjan]

Chief Dave - we have asked and had offers of help from local professionals but the way these things escalate once the ball starts rolling their charity can only stretch so far and then costs have to be covered.

 

[DH - Sky Blue]

You can't put a price on making someone else try to look important.