Held online via Zoom, Wednesday October 14, 2020
Apologies received from Jim Mitchell.
The board discussed the situation of the club’s chief creditor Edinburgh Woollen Mill. They had signalled their intention to enter administration following difficult trading during the COVID pandemic. They had not yet appointed administrators, with the business up for sale. The club had not indicated any immediate concerns about the loan from EWM. CUOSC would continue to monitor the position, including via the Holdings Board to meet and seek a way forward.
The club’s financial position was better than most in League 2, but was still a concern with no fans being allowed into stadiums. Dean Henderson potentially could realise further financial bonuses for the club. There was a possibility of more cash for Jarrad Branthwaite too, once he came back from injury.
Project Big Picture had been reported as being shelved by the press earlier today. The board had opposed it, and we would release a statement putting our position over. A new rescue package had been announced, bringing £50m extra to L1/L2 clubs but some uncertainty remained around repayments.
The iFollow coverage had been generally well received but there had been some outages reported, over which CUFC had no direct control as they don’t provide the stream themselves. We had contacted the club to discuss the iFollow service.
As backers of the Sustain the Game campaign being run by the FSA, we were looking to put together a letter to local MPs in the area, showing our support.
Latest Carlisle REUnited total was £10,878, though this was expected to go above £11k when we had confirmation about new cutouts purchased for Face in the Crowd. Cutouts of CUFC ‘legends’ were being purchased by the club and we would seek to buy some ‘legends’ cutouts too, for a special section of the stand where they would be housed.
Frank in contact with corporate sector locally to show support for Carlisle REUnited and Face in the Crowd. Feedback would be assessed this week with more letters going out.
Membership stood at 411 with finances stable. Over £10k in total in bank and PayPal.
The possibility of a food bank collection or donation campaign prior to Christmas was discussed and will be progressed.
Next meeting: November 11