Who exactly are the GTs?

Posts : 1555 Join date : 2011-05-29

If you think I'm trolling then delete the thread, no worries.

The way I see it is the GTs are fundraising in the name of accelerating staff monies which they are owed. That sounds great but they're not being paid any quicker than ex-couldn't-care-less players like Maclean. They're all being repaid at the same rate.

We also know the fundraised money (by more than generous supporters in good faith) is being loaned, is this a secure or unsecured loan?

All I see is the secured FL creditors debt being shifted from A to B. B could put us into administration, A would dock us points in a worst case scenario (which I don't believe there's a precedent). From this perspective things don't add up.

Who introduced the GTs?

Posts : 749 Join date : 2012-08-03 Age : 66

This has to be one for Damon L but I don't suppose the risk factor of the club going back into admin would have even been considered because it's primary objective of accelerating staff payments would have been reached or for as far as they got. The losers in that scinario would be any community projects that would have benifited. You're right about them all being paid at the rate but thats FLs ruling, the club have no choice.

Posts : 1555 Join date : 2011-05-29

Highwayman wrote:: You're right about them all being paid at the rate but thats FLs ruling, the club have no choice.

Via the club, yes. Why does GTs or more importantly, supporter donations to a good cause, have to go the same route? Does the GT fundraised money have to go via Brent or is there another way?

Posts : 749 Join date : 2012-08-03 Age : 66

It's paid through the club as opposed being paid direct to save the GTs the cost and head ache of tax and NI contributions.

Posts : 749 Join date : 2012-08-03 Age : 66

In an ideal world I suppose it would be great if the donations could just be "gifted" to the staff but that would not help the club in as far as reducing the debt on face value.

Posts : 1555 Join date : 2011-05-29

Highwayman wrote:: It's paid through the club as opposed being paid direct to save the GTs the cost and head ache of tax and NI contributions.

Is that just a little corrupt or totally corrupt? If taxes and NI contributions need to be paid, then they should be.

As an aside, please convince me why the GTs should cheat legal requirements with my blessing?

Posts : 411 Join date : 2012-04-23

Why are there so many fan groups? Did there used to be? Why do we need them all?

Posts : 749 Join date : 2012-08-03 Age : 66

I take it they are being paid, the GTs have just shifted the responsibility on the club and the normal paye system but thats just the way I understand it, I could be wrong.

Guest

Coxside_Green wrote:

Highwayman wrote:: It's paid through the club as opposed being paid direct to save the GTs the cost and head ache of tax and NI contributions.

Is that just a little corrupt or totally corrupt? If taxes and NI contributions need to be paid, then they should be.

I think that's absolutely right - but i think the club is paying the tax and NI.

As I understand it at the end of the 5 year pay back period apparently the GTs are going to be repaid every penny they've lent the club. Which means they'll have a whole stack of cash that donators thought was going to the staff/club. Perhaps they'll pay back the money the trust gave them. Who knows where the other donations end up.

Posts : 749 Join date : 2012-08-03 Age : 66

Coxside_Green wrote:

Highwayman wrote:: It's paid through the club as opposed being paid direct to save the GTs the cost and head ache of tax and NI contributions.

Is that just a little corrupt or totally corrupt? If taxes and NI contributions need to be paid, then they should be.

As an aside, please convince me why the GTs should cheat legal requirements with my blessing?

In short, they should'nt nor should blessings be given if thats the case.

Posts : 1555 Join date : 2011-05-29

GreenWhiteBlack wrote:: Why are there so many fan groups? Did there used to be? Why do we need them all?

All we really need is

A board who can handle finances

A board who can employ the right people to do the right job

The rest takes care of itself, so long as successful people can realise their limits.

Seems simple enough to me.

Posts : 1555 Join date : 2011-05-29

Mike Searle wrote:

Coxside_Green wrote:

Highwayman wrote:: It's paid through the club as opposed being paid direct to save the GTs the cost and head ache of tax and NI contributions.

Is that just a little corrupt or totally corrupt? If taxes and NI contributions need to be paid, then they should be.

I think that's absolutely right - but i think the club is paying the tax and NI.

As I understand it at the end of the 5 year pay back period apparently the GTs are going to be repaid every penny they've lent the club. Which means they'll have a whole stack of cash that donators thought was going to the staff/club. Perhaps they'll pay back the money the trust gave them. Who knows where the other donations end up.

Yes

Posts : 749 Join date : 2012-08-03 Age : 66

The loan thats getting under my skin is the one Brent afforded the club to cover the shortfall. If he got rid of Fletch at the begining of the season instead of letting the gimp waste a whole years budget things could have been so different. It's Brents own making and he should pay for his mistakes not the club.

Posts : 1555 Join date : 2011-05-29

Highwayman wrote:: The loan thats getting under my skin is the one Brent afforded the club to cover the shortfall. If he got rid of Fletch at the begining of the season instead of letting the gimp waste a whole years budget things could have been so different. It's Brents own making and he should pay for his mistakes not the club.

Agree with the latter part of your post.

Subject: Re: Who exactly are the GTs? Sat Jan 26, 2013 8:22 am

Interesting thoughts.

The GTs are of course not bound by the Football League's rule when being paid back.

Wouldn't surprise me at all if they get shafted by Brent when the 5 years is nearly up. Unless they're in on it.

Guest

Remember how Stapes ripped off the Trust?

Subject: Re: Who exactly are the GTs? Sat Jan 26, 2013 8:29 am

Coxside_Green wrote:: We also know the fundraised money (by more than generous supporters in good faith) is being loaned, is this a secure or unsecured loan?

The most important question.

Unsecured loan = admin to reduce £2m to £50k overnight in 5 years time. feck the 10 points.

Guest

The GTs are helping the staff because the money owed to them gets paid back quicker. Should they have to do it? IMO no, not at all, Brent should have paid the money when he "bought" the club. He has added insult to injury by now adding to the club debt by lending the club money because he has managed it badly. With the £5m in staff payments due at the end of 5 years, plus any more that he has loaned the club, what is to stop him just saying "I don't have the money" and the club goes up for sale or into admin again?

Guest

You can look for conspiracy theories everywhere but sometimes it's just people doing what they think is best and giving up their time to do so.

Do I wish that Brent would pay the staff directly and quickly - yes
There is no corruption - Argyle pay the tax and NI
If I were a staff member I would be grateful to the GT's
Is there a possibility that the loans won't get paid should we go into admin again - possibly
Is that a reason to do nothing - no
Do people get enjoyment from the work of the GT's - yes

All in all bar my issue with Brent all I see are some hard-working people trying to help the staff, raise funds for community projects and give people a good time.

Guest

We're constantly being told told how nice it is to have a well managed club but the fact of the matter is we are not a well managed club. We maybe a club that is once again building unmanageable debt and we all know what happens when the clock stops ticking down. (We still await confirmation that the debt is manageable via the PASB).

Putting it another way, if the GT's were called "A N Other Laundry Specialist" or something, they are owed tens of thousands by the club and had their fingers badly burnt the last time the club went into administration, do you think they would still be washing the shirts every week?

The GT's are acting as a bank and they are risking their customers/fans money at an incredibly high risk. - There's a reason why a 'proper' bank wouldn't touch such a thing with a barge pole!

Posts : 752 Join date : 2012-01-23

Why or why don't the GTs simply say on a regular basis how much money has been raised and what is still due to the staff? This is in no way meant as a criticism of the GTs themselves who do an amazing job.

Guest

Let me get one thing straight, I am not bashing the GTs nor do I think is anyone else on here.

Guest

Nobody is Iggy, in fact if answers are provided and with reasoned explanation, the support would most certainly go up. A lack of an answer simply feeds the cynicism.

Posts : 1555 Join date : 2011-05-29

GOB wrote:: The GT's are acting as a bank and they are risking their customers/fans money at an incredibly high risk. - There's a reason why a 'proper' bank wouldn't touch such a thing with a barge pole!

Pretty much how I see it. The club has all the figures, how much is owed to whom etc, they'll know how much tax, NI contributions etc will need to be deducted. I see no reason why the club couldn't forward as near as dammit accurate figures, the GTs pay off/loan the staff they want accelerated and the club repay at the appropriate/later date. All I'm seeing right now is the staff being used to win hearts & minds and terms favourable to all concerned suits and very little to nothing for the average Argo fan who's donating through blind faith.

Guest

I dont object totally to the GT and i agree that they do serve a purpose, however there are a sinister clique of them that are unmistakably connected to the odious activities of the Windsor boys and that Deepthroat episode.
Anything that inhabits that sweaty marquee these days stinks of corruption im sad to say