Snoopproddiedogg
Well-Known Member
Remember what could have seen as threats that were issued prior to your groups creation? It was all out attack mode from the beginning.When you look at the numbers, the C1872 board have presided over a calamitous decline in revenue. So the idea that they had the skills and the business experience to go out and raise £13 million is hilarious.
When King first announced that he would sell to C1872, I was supportive. We had a long discussion on here about it. I made the point that to raise that kind of money, you needed a different approach.
You needed to be able to attract Bears who could put in thousands and not hundreds and to do that, they needed to change the model because nobody was going to put in £5,000 in return for one vote, no shares in his or her name and the risk that they could get booted out by the C1872 board and lose all that money.
What they came up with was the Legacy Scheme. A good idea in itself but one that was never going to be enough. At £500 per donation, it needed 26,000 Bears to get to the £13 million. I don't think they ever got much over 2,000 and now they are down to under 1,200. But there was nothing else. No new ideas, no outreach to Bears that actually knew something about business and investing. Instead, the C1872 Board retreated into their shell. They pissed off Rangers and stopped communicating with the members. The only time they came out of that shell was when our group challenged them. Self-preservation, not the success of C1872, was the order of the day.
But apparently we should have all rolled up our sleeves and worked together. Our group would have been willing to have a dialogue on that basis but, other than a phone call with James Irvine - set up by Dave King btw - they never tried.
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