The K's In Point

Re: KBH and the £30K

By Count Scarlioni21/1/2024 08:51Sun Jan 21 08:51:08 2024In response to KBH and the £30K

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Unfortunately the shareholders are not obliged to take any offer and there may have been commercial reasons. Personally I think one reason was that KBH did not represent the fans as a whole a Supporters Trust may be a preferable approach.

Be that as it may, I think it was a pity as an investment could have improved the playing side. We are in a pitiful position but I was encouraged that Simon Lane showed the interest and passion to join the discussion yesterday. We should offer Simon our support, he deserves it. None of us want to get relegated. There is still a chance. He clearly felt protests would not help the team. Frankly I would be surprised if the owners of the club are not fully aware already of the discontent of fans. They have allowed a gulf to develop and that can only be improved by constructive communication. To be entirely fair communication has somewhat improved since the supporters club made changes. Rex got some quite interesting answers and published them last night.

Otherwise looking at what the directors said in their reply, they say they are talking to some clubs for a new groundshare - so we can probably assume they are well aware that Mitcham has not worked out - and they say discussions are going on with two parties about building a ground on their land. Of course we are told these discussions are confidential which is understandable. I would be asking for their timeline.

I wonder what these clubs are - apparently Hampton can no longer groundshare so it might be Imber Court or Molesey?

To my mind this is probably about as good as we could realistically expect in this awful position. Of course it would be good to know if the club has talked about the athletics ground. I found some commentary which suggested the council thought that facility was busily used so I assumed that was one reason for it not being taken forward albeit a place which has a football pitch on it is a fairly obvious choice - and on that point why not Kingsmeadow? I guess that goes to the view of the management of Chelsea and how much money they would want if they want to offer it at all,

Would a change of ownership improve the chances of these matters turning out to the fan’s satisfaction? Maybe, the fans would be happier for sure.

Changing the situation would I think require a supporters trust to buy out the existing shareholders. One of the reasons why KBH could not work with the existing board is the strong dislike the parties have for one another. If a supporters trust were to put forward a bid - accepting that first work must be done to determine a realistic value and one would say at first blush Ks does not seem like a valuable proposition presently - it would have to be financed and probably the directors loans repaid which seem to be around 100,000 pounds.

Therefore I can see a supporters trust being a way forward for sure - but it needs to be financed and very well financed to make it a viable proposition to take control of Ks.

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