----- Original Message ----- 
> Put up or shut up basically.

Sorry. What does that mean ? (in this context).

> - but that goes for the money too, you won't even "own" unless you can 
> walk
> the walk. We'd have Peter Sainsbury as owner now otherwise..........

We came within a couple of days of it so eventually Seb Sainsbury would have 
been able to walk the walk, at least initially. I have no idea what Peter 
Sainsbury has got to do with this so I bow to your greater knowledge on that 
one. I doubt that he was in any way funding or even supporting Seb but 
really Ii have no idea on that.

> I find it hard if not impossible to believe that we are living within our
> income at the moment. I think that at best we are deferring obligations of
> several million pounds every year (so that Bates could show an "operating"
> profit if he had to)

It is very difficult to imagine, speaking for myself anyway, who would be 
daft enough to let Bates defer obligations at a time like this. Not the tax 
authorities of any type, not "footballing debts", so who might you suggest 
would allow such deferrals ?

>and that our position this season means that we can't cod anybody anymore 
>with projections of future income streams.

Who did we "cod" with that previously ?

> What's a fans group going to do?
>
> Come up with several tens of millions of pounds?

Why would they need to do that ?
What would the several tens of millions be for ?
Does this imply that Bates also needs to put in similar several tens of 
millions ?
Just curious as to your thinking on this one.

As you imply that your belief is that Fans would not be able to do whatever 
is necessary (forgive me if I have the wrong take on that) perhaps we should 
just agree to differ on that point and leave it. The other stuff has some 
mileage though IMHO. 


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