Nip over the P&B, you'll get plenty of information there to explain why the £500k is sufficient. 

I fully agree with SG on this, regarding the safety net only being £500k is too low.    But I do have to wonder why this couldn’t have been better resolved without the need to resign. I am not saying that’s the fault of SG, far from it. Could there not have been a members amendment or something similar regarding the pot? If it was saving it to £500k, £1,000,000 or even beyond, I certainly would be voting for the higher amount.    Saying that, surely as a club we are still in a better position than most to ride hard times. SMISA pots should not be the only safety net, has the club got funding contingency?    Thanks for sharing Stewart, if you are able to give a bit more background on how we got there, I think it would help for stimulating a conversation with SMISA on the decision around the plan. 

FWIW I personally think it's a shame it's come to this as your efforts over the years are, overall, to be commended.  Unfortunately your stubbornness in accepting our current board are doing, overall, an excellent job has tarnished your reputation.