I couldn't make the meeting last night but I feel I have a reasonable grasp on what is being proposed. There is one aspect I'm still not fully understanding though, namely how the playing budget will be increased. I appreciate that the loans will be paid of by CiC membership and increased usage of the clubs facilities so if the membership adds (I think it was noted a page or 2 back) 136k and then perhaps another 100k per annum from the bar and groups using hospitality etc would this all automatically have to go to servicing the 1-1.2 million in loans taken on until they were paid off? If so at those projected annual additional incomes we'd be looking at 4-5 years before there was an increase in player budgets, no?
I assume that if our gates increase then that money would be kept purely for the club but then we all know how fickle our support can be so there's no guarantee that'd we'd see a significant boost to the 2500-3000 hardcore even if were to be chasing the heady heights of 9th in the SPL ...basically I'm just wondering if there is a filtering of this hoped additional income where say half can go to repaying the loans and half to the player budget and then in time when the debt goes obviously then we'd see it all going to the player budget?...I've pledged on the 10000 hours site and think this could be the way forward for our club but I just require a little more clarity before I part with any membership money.