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| Quote ="Slugger McBatt"Fair play. I misread it. Not that I was being dismissive of the desire to get smaller investors. I just saw it as saying to big money, "get on board, get us Grade A, and we can become a big club together", with the smaller investors creating a buzz.
There are no negatives for this though. More money, better engagement. I worry that £500 is a lot for the rugby league demographic, particularly near Christmas and a panic about fuel prices, but the price has to reflect the cost of administering it, I presume. Administering 300 £500 shares is probably cheaper than administering 1,000 £100 shares.
Anyway, what do I know? It's a great scheme, I hope it brings in the funds we need, and I hope we start to pique the interest of local big money who want to spend it on a sporting hobby when we get Grade A!'"
It’s not that you were wrong, you just weren’t totally right
The way I see it is that money follows money but it also follows the feel good factor. Someone with 50k to invest will hopefully be more likely to give it a go if they see lots of average punters investing £500. It’s all about giving people the feeling they are joining in something on the up rather than a train wreck.
Biggest problem with Trinity over the last 40 years is the perception, mostly correctly, that we are a loser club. The worst people for doing that I’m afraid to say are some of the fans and not just the perpetual moaners but some really dedicated ones.
We need to alter that and one of the best ways imho is to give people a vested interest. It’s a bit like the ex council house owner who once they buy the house puts on a new front door. It’s pride if ownership.
Won’t apply to all fans by any means but for those it does it seems foolish to ignore their support.
Anyway sermon over now buy some shares
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| This is an intriguing and sensible idea.
I remember us (Hull KR) doing a "marquee player fund raiser" at the end of 2019 for the start of the 2020 season. Just before covid. It was fans only initiated with an "initial" target of 100k, it raised about 7.5k which fell flat on its face .
Wakefields proposal sounds a lot more bang for your buck though to be honest and if you've done 5k in 24hrs that's actually very promising, genuinely hope it goes well as the sport needs lifting in general with stronger clubs all round and let's face it the whole comp needs to bridge the top to the rest.
I do kinda shudder to think where Hull Kr were 3 years ago to where our plans are moving forward from our news yesterday, lightyears apart.
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| Quote ="ChampagneSuperRovers"This is an intriguing and sensible idea.
I remember us (Hull KR) doing a "marquee player fund raiser" at the end of 2019 for the start of the 2020 season. Just before covid. It was fans only initiated with an "initial" target of 100k, it raised about 7.5k which fell flat on its face
.
Wakefields proposal sounds a lot more bang for your buck though to be honest and if you've done 5k in 24hrs that's actually very promising, genuinely hope it goes well as the sport needs lifting in general with stronger clubs all round and let's face it the whole comp needs to bridge the top to the rest.
I do kinda shudder to think where Hull Kr were 3 years ago to where our plans are moving forward from our news yesterday, lightyears apart.'"
Thanks for that.
Two thing, I can’t confirm those ten application but I’m pretty sure, I’m certain of at least one as that’s me
Also at present that are just applications not hard cash so early days.
Sorry make that three. The club couldn’t in many respect have picked a worse time to launch this considering the economic climate, yet overall it had to be now with so much positive development going on. It will be difficult for people, even for those like myself for whom £500 is usually an amount of money easier to find than at present. So I’m hoping personally that as things hopefully improve more people will eventually join what is a fairly open ended scheme.
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| Quote ="vastman"Thanks for that.
Two thing, I can’t confirm those ten application but I’m pretty sure, I’m certain of at least one as that’s me
Also at present that are just applications not hard cash so early days.
Sorry make that three. The club couldn’t in many respect have picked a worse time to launch this considering the economic climate, yet overall it had to be now with so much positive development going on. It will be difficult for people, even for those like myself for whom £500 is usually an amount of money easier to find than at present. So I’m hoping personally that as things hopefully improve more people will eventually join what is a fairly open ended scheme.'"
I sent my application this morning, and received acknowledgment email from something called Jotform. Is this a company acting on behalf of Trinity, or are Trinity doing their own administration. One has to be careful these days with online money transactions.
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| Quote ="Dunkirk Spirit"I sent my application this morning, and received acknowledgment email from something called Jotform. Is this a company acting on behalf of Trinity, or are Trinity doing their own administration. One has to be careful these days with online money transactions.'"
Jotform I believe is a site to submit papers applications etc. I had to do one recently for some work I did. The form for me was about HMRC there were no issues and may tax was deducted correctly
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| I checked on Jotform.
They encrypt the data you put in your form. So it's secure in transit.
They use a payment provider, like World pay or PayPal, so they don't store your payment details
And they are PCI compliant which means they are audited and approved to handle sensitive data.
So it looks like JM has chosen a reputable way of doing this.....as you'd expect for someone in his line of work I guess.
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| I checked on Jotform.
They encrypt the data you put in your form. So it's secure in transit.
They use a payment provider, like World pay or PayPal, so they don't store your payment details
And they are PCI compliant which means they are audited and approved to handle sensitive data.
So it looks like JM has chosen a reputable way of doing this.....as you'd expect for someone in his line of work I guess.
Thanks PopTart and RW&B for the information, I also just received an email from someone called John, saying thank you, all legit, never doubted MC or JM, I’m sure it’s information others on here will appreciate and feel confident about the whole share scheme.
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| A lot of people weee interested in a “buy a brick” for the new stand and vented frustration when it sounded like there wasn’t one.
This scheme is almost the same sort of thing but with some better benefits, hope they take it up
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| No problem Dunk.
I would have had the same questions so glad you asked them so I could check them out before clicking on it.
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| Sounds really good.
I will be investing at least £500, possibly may stretch to the £1000.
Excited to be involved further into the club tbh.
Up the Trin.
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| Quote ="BarnsleyGull"Sounds really good.
I will be investing at least £500, possibly may stretch to the £1000.
Excited to be involved further into the club tbh.
Up the Trin.'"
Do it on-line!!!
I can't see names or amounts but it's a real buzz seeing the numbers of applicants increase, I feel like Terry Wogan doing 'Clubs in need'
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| Now I've looked at the form, it needs updating.
The phone number, although optional, is set for an American format, so the club can't gather phone numbers.
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| Quote ="PopTart"Now I've looked at the form, it needs updating.
The phone number, although optional, is set for an American format, so the club can't gather phone numbers.'"
So, that’s the problem I had trying to enter my phone number, I thought it was just me being hopeless.
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| Quote ="PopTart"Now I've looked at the form, it needs updating.
The phone number, although optional, is set for an American format, so the club can't gather phone numbers.'"
Thanks PT, I'll take a look now, but as you say it was optional fortunately
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| Quote ="Dunkirk Spirit"So, that’s the problem I had trying to enter my phone number, I thought it was just me being hopeless.
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Sorry about that, I will rectify.
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| Ok, that should be sorted now.
For those who have already applied on line, don't worry it won't affect your application. That will be done by e-mail and post.
Apologies all the same, still learning.
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| Is there a time option or is it continuous?
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| Quote ="Trinity info HUB"Ok, that should be sorted now.
For those who have already applied on line, don't worry it won't affect your application. That will be done by e-mail and post.
Apologies all the same, still learning.
'"
You’re working Saturday night, you must be on time and half
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| Quote ="Dunkirk Spirit"You’re working Saturday night, you must be on time and half
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You’re joking with MC, minus time and a half more like.
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I wonder if Wigan are considering doing something similar as they have just reported an operating loss of £1.75 million for the year to November '21.
It's reported that they took advantage of the Govt. Covid Loans which mitigated their losses in 2020, so were loaned even more by Lenagan's Investment Company in 2021, meaning that their total debt at the end of November 2021 was.....
£11,358,019
(£6,250,192 is owed to the Chairman meaning that they owe just over £5 million to other creditors !!)
https://www.totalrl.com/wigan-warriors- ... -accounts/
I'm glad we've got 2 very shrewd accountants running our club
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I wonder if Wigan are considering doing something similar as they have just reported an operating loss of £1.75 million for the year to November '21.
It's reported that they took advantage of the Govt. Covid Loans which mitigated their losses in 2020, so were loaned even more by Lenagan's Investment Company in 2021, meaning that their total debt at the end of November 2021 was.....
£11,358,019
(£6,250,192 is owed to the Chairman meaning that they owe just over £5 million to other creditors !!)
https://www.totalrl.com/wigan-warriors- ... -accounts/
I'm glad we've got 2 very shrewd accountants running our club
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| Even if Wigan were £100 Million in debt, they would still get a "Grade A licence", ditto Saints, Wire, and Leeds
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| Quote ="FIL"Even if Wigan were £100 Million in debt, they would still get a "Grade A licence", ditto Saints, Wire, and Leeds
'"
It’ll certainly make it more interesting when they award the grades. Im not aware of any case that can be made to just ignore that level of bad financial management & if they were to be awarded an A then it puts in plain sight what fans from clubs like ours have said for decades - happy to be enlightened though.
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| Quote ="steadygetyerboots-on"It’ll certainly make it more interesting when they award the grades. Im not aware of any case that can be made to just ignore that level of bad financial management & if they were to be awarded an A then it puts in plain sight what fans from clubs like ours have said for decades - happy to be enlightened though.'"
You need to see the whole balance sheet to know whether its actually an issue.
We all have debts.
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