CCM Supporters Trust

[priorpeter]

Why has it fallen to you Mark to finally bring us some details of this initiative after 3 weeks??

Surely the CLUB needs to step up. What word are we to spread, when the engagement has been close to zero. No message and no pitch?

The club should have limited, if any, involvement in promoting this at this stage.
These things don’t happen overnight and the founder of the trust has been busy over the last 2.5 weeks dealing with lawyers, accountants, and strategists to get this right since the news initially broke of a trust being formed.
This has to be done right - not quickly or half baked - and as I mentioned earlier in the week, things will start to ramp up very soon - including pitch/prospectus documents coming shortly. Before all that, there will be a survey going out to those who registered their interest on the landing page.
There was a half decent podcast released about it yesterday too; if you feel that word needs to be spread, then perhaps that’s a good start #shamelessplug

 

[Ozhammer]

Why has it fallen to you Mark to finally bring us some details of this initiative after 3 weeks??

Surely the CLUB needs to step up. What word are we to spread, when the engagement has been close to zero. No message and no pitch?

This is not a club initiative Jim, so they need to be hands off and I know that Mark B and others are covering a lot of other stuff, so I thought I would try to fill the information void a little hopefully without stepping on anyone’s toes.

 

[Wombat]

This is not a club initiative Jim, so they need to be hands off and I know that Mark B and others are covering a lot of other stuff, so I thought I would try to fill the information void a little hopefully without stepping on anyone’s toes.

Ok. I understand.

Exciting times ahead.

 

[turbo]

Interesting detail here: https://theworldgame.sbs.com.au/bir...rlesworth-continues-search-for-mariners-buyer


“The Supporters Trust are looking at 2,500 people investing $500 each, which is feasible out of a membership base of 6000,” explained CEO Shaun Mielekamp.

“That raises you $1.2 million which is between 10 and 20 per cent of the club, and assures the club stays on the coast.

“And you’d then have a further investment of $200 per person a year which would generate another $500,000 towards the playing roster, that’s what they’re suggesting.

“The ongoing contribution would take the club from the floor ($1.7 million) to the cap ($2.1 million) and help purchase a marquee signing.”

Two things jump out there. I don’t like the idea of thetrust being the difference between spending the floor or not. That line of thinking will not inspire more to get onboard. Secondly I wonder if there will be tiers or just one level of commitment.

 

[Ancient Mariner]

I do not have a problem with it as long as the books are open and transparent to the owners of 10 to 20 percent of the club. It may be the only way that the Club spends above the floor on the playing roster.
Whoever the new owner is, they will be forking out a packet each year just to keep the Club operating for quite a few years yet. Hopefully it will be a lot more than the reported $1m that it cost MC to keep the Club afloat on starvation diet. It will be some time before the Club becomes self sufficient enough to be taken off the drip (ie needing an owner to keep spending just to keep the club alive).
People I have spoken to have said they will be happy to come on board as long as their money is spent on players. This is a way it can happen.

Being realistic, we are talking about 10 to 20 percent ownership of the Club. If I were an individual who owned 20% of CCM I would be expected to fund 20% of the total costs of running the Club each year to keep my ownership.
I do think there will need to be a hell of a lot of negotiations and then explanations before anything is set in concrete. But I see this initial deal as very reasonable and better than just putting in 10 to 20% of the total annual costs of the Club.

On different tiers of contributions I think that will be necessary. I doubt that you will find 2,500 supporters to buy in at this level. However, I do think there will be many who will buy in at a lower level and some who would be willing to buy a much larger share, maybe orders of magnitude greater.

I am looking forward to hearing back from the organisers after expressing my interest.

 

[FFC Mariner]

Not a cent while Charlesworth is involved.Not 1 cent

 

[AuzDutchy]

Not a cent while Charlesworth is involved.Not 1 cent

what a beautiful ray of sunshine you are

 

[Shaun Mielekamp]

Interesting detail here: https://theworldgame.sbs.com.au/bir...rlesworth-continues-search-for-mariners-buyer


“The Supporters Trust are looking at 2,500 people investing $500 each, which is feasible out of a membership base of 6000,” explained CEO Shaun Mielekamp.

“That raises you $1.2 million which is between 10 and 20 per cent of the club, and assures the club stays on the coast.

“And you’d then have a further investment of $200 per person a year which would generate another $500,000 towards the playing roster, that’s what they’re suggesting.

“The ongoing contribution would take the club from the floor ($1.7 million) to the cap ($2.1 million) and help purchase a marquee signing.”

Two things jump out there. I don’t like the idea of thetrust being the difference between spending the floor or not. That line of thinking will not inspire more to get onboard. Secondly I wonder if there will be tiers or just one level of commitment.

Hey guys,

To add context this was all conceptual talk and should not be taken as anything more than me trying to explain to a Journo how a trust model could work.

The real important parts such as "the trust would be fully transparent and structure voted on by members" was missed.

I am sure the concepts will evolve and I for one am looking forward very much to contributing and getting everyone in my family to be part of this as well.

lots of work to do but could be very historic for the club.

 

[Wombat]

I am willing to put $500 in no dramas but ALOT more to be discussed.
I also would prefer the club to be rid of Charlesworth if i'm to tip in each season.

 

[FFC Mariner]

what a beautiful ray of sunshine you are

You dont invest in companies you invest in people. I will gladly invest but not with him in majority ownership.

 

[marinermick]

what a beautiful ray of sunshine you are

would you be willing to invest if MC was still owner?

 

[turbo]

Hey guys,

To add context this was all conceptual talk and should not be taken as anything more than me trying to explain to a Journo how a trust model could work.

The real important parts such as "the trust would be fully transparent and structure voted on by members" was missed.

I am sure the concepts will evolve and I for one am looking forward very much to contributing and getting everyone in my family to be part of this as well.

lots of work to do but could be very historic for the club.

Thanks for adding context Shaun, but I do think its important that language or numbers like the cap floor aren't used when discussing the trust. It's just my opinion but if a few thousand average CCM fans are providing extra money they dont want it to be in conjunction to the minimum contribution the owner can make. The very real fear many will have about putting their money in is that we'll end up with a situation where the owner reduces their input to the floor or lower and we're in the same position despite the fans spending more and if that happens the trust will fail.

I'm not too worried about the transparency and structure of the trust, I'm willing to assume that will all be above board. The greater concern is the relationship between the owner and the trust.

 

[AuzDutchy]

You dont invest in companies you invest in people. I will gladly invest but not with him in majority ownership.

would you be willing to invest if MC was still owner?

we all feel this way toward MC, no point banging on about it every chance you get, the club is being sold, there will be no more MC, now is finally the time for optimism

 

[marinermick]

we all feel this way toward MC, no point banging on about it every chance you get, the club is being sold, there will be no more MC, now is finally the time for optimism

You didn’t answer the question and you make assumptions that the club will be sold before the season starts

 

[FFC Mariner]

On the latest pod Shaun said that he was pushing for our season to start on NYE.
If we accept that as the start date, a credible buyer has to be found, complete their due diligence, get an agreement on the deal and FFA approval by Christmas really.
That's a really tight time frame

 

[style_cafe]

On the latest pod Shaun said that he was pushing for our season to start on NYE.
If we accept that as the start date, a credible buyer has to be found, complete their due diligence, get an agreement on the deal and FFA approval by Christmas really.
That's a really tight time frame

Unless we`re part way there already...

 

[style_cafe]

we all feel this way toward MC, no point banging on about it every chance you get, the club is being sold, there will be no more MC, now is finally the time for optimism

I don`t feel that way about it.
Sure I hate that we`ve been underfunded for the past 5 seasons but at least we`re still here.
Clubs like Fury and GC folded but we have survived thanks to Mike Charlesworth.
I appreciate what he has done to keep us alive...

 

[Ancient Mariner]

I don`t feel that way about it.
Sure I hate that we`ve been underfunded for the past 5 seasons but at least we`re still here.
Clubs like Fury and GC folded but we have survived thanks to Mike Charlesworth.
I appreciate what he has done to keep us alive...

Fully agree Style.
I am pretty sure he hoped to build the Club and COE into enough of a going concern to run at a profit or to make a capital gain in the long term. However that has not worked out as planned. In the meantime he has kept us alive by continually funding as much as he could afford, and is still doing so.
I do not understand where people get the idea that he was ripping funds out of the Club, real Trumpspeak, nothing else.
I hope he gets as much back from his investment as possible and I will not be upset if he makes a profit, although I cannot see it.
I for one will be always grateful to him and happily shake his hand at any time and wish him well.

 

[AuzDutchy]

I don`t feel that way about it.
Sure I hate that we`ve been underfunded for the past 5 seasons but at least we`re still here.
Clubs like Fury and GC folded but we have survived thanks to Mike Charlesworth.
I appreciate what he has done to keep us alive...

i agree wholeheartedly and maybe should have reworded the part about MC, my main issue was whats the point in constantly dragging our feet with "hurr durrr MC better gtfo already" when its already in the process of happening

 

[style_cafe]

All good SC, I understand that Mark is very close to putting something out to those that have registered their interest, so keep an eye out.

Hi Oz, any update on the survey and when it`s being sent out?...