| Dale Trust Update 19:28 - Feb 19 with 9565 views | blackdogblue |
Just got my e mail update ðŸ‘
Admit, just scan read it as had a few beers.. but takeaway is.
Dale lotto has a lot of more digging into? �? |  |
| |  |
| Dale Trust Update on 23:28 - Feb 20 with 2076 views | 100notout |
| Dale Trust Update on 20:49 - Feb 20 by D_Alien |
To follow up on my earlier point about responsibility for lost income due to the change from Goldbond, would anyone like to hazard a guess at a ballpark figure for how much has been lost, based upon the last net income from Goldbond and the income since then? |
The problem is DA that Goldbond has been allowed to decline and wither away for many years. R17 will tell you than a small band of people would be out several nights a week canvassing and signing up new members thus increasing / maintaining the level of income generated. Don't forget there is quite a churn in members - some signed up for a few weeks and then got fed up of not having won and packed in, some moved house and some died  so there was a constant need to sign up new members.
Unbelievably a decision was made to not canvass any more and that was the start of the end of Goldbond. But to answer your question in comparing the LAST net income to now and taking into account other observations on this thread I would hazard a guess at £20k per annum. However if you compare it to that of say 3/4 years ago that figure would be considerably higher.
Negligence of the highest order. |  |
| |
| Dale Trust Update on 23:31 - Feb 20 with 2062 views | R17ALE |
An excerpt taken from 442's link....
"Can the club clarify exactly how many numbers are given to the members which agents collect from, and we are referring to the one pound and 50p members. In the past all members were given a membership card which had either seven numbers on if they paid 50p and 14 numbers on if they paid a pound.
Q1, Can the club confirm that those members still have those numbers and that they are entered each week into the draw? This obviously goes for both the 50 pence people and the one pound people.
The club replied. Under the old Goldbond Lottery, members had 7 numbers if they paid £0.50 and 14 numbers if they paid £1.00. With the introduction of the £2 lottery, members would have to have 28 numbers to continue with this system. To simply the system, all members have had their numbers changed to a 4-digit number. For each 50p they have 1 x membership number and 1 x jackpot number. Please note importantly, the odds of winning are exactly the same."
This answer, demonstrates the author, whoever that was, has absolute zero knowledge of sales, or lotteries.
How do you think we sold it?
"For 50p you get SEVEN chances of winning up to £1000. For £1 you get FOURTEEN chances of winning up to £1000. Are yer having a quid?"
The new system brings a sales pitch of "for 50p you get one chance of winning fook all".
The introduction of the rollover was another dreadful idea as it creates fewer winners. Draws create interest by the number of winners, not the amount they won. If your neighbour won a fiver on Goldbond you'd say, "Bloody Hell, you've won Goldbond."
You wouldn't say, "Ha, you only won a fiver!".
These are the little tricks of the trade that make a weekly draw grow. "Not won Rollovers" have the opposite effect. People look at the result sheet, and see a not won prize. It will make them less likely to pay in next time.
The £250 weekly rollover prize would have been far better spent on 25 £10 winners.
No wonder it's totally bombed!
I'd have told them all this years ago, but they clearly thought they knew best! |  |
| |
| Dale Trust Update on 23:42 - Feb 20 with 2039 views | R17ALE |
| Dale Trust Update on 21:25 - Feb 20 by EllDale |
It may be true that payment by cheque is the cheapest form of transaction but not always the quickest.
As I reported on another lottery thread last year I decided to cancel my direct debit for £4.33 per month as I was concerned about a third party running the lottery and a percentage going to a charity.
So that the club didn’t lose out I posted a cheque for £52 as a donation with a covering letter explaining my reasons.
The letter was posted on 22nd October and cleared my bank account on December 18th. I know that staff were on furlough but even so, two months to cash a cheque?
Oh, and my letter was addressed to the CEO. I never received any acknowledgement that it had been received. |
That's awful that the club couldn't be bothered to acknowledge your generosity. I despair.
To be fair it was only the top 3 prizes that were paid by cheque. The others were paid cash via their agent. | |
| |
| Dale Trust Update on 23:44 - Feb 20 with 2034 views | D_Alien |
| Dale Trust Update on 23:28 - Feb 20 by 100notout |
The problem is DA that Goldbond has been allowed to decline and wither away for many years. R17 will tell you than a small band of people would be out several nights a week canvassing and signing up new members thus increasing / maintaining the level of income generated. Don't forget there is quite a churn in members - some signed up for a few weeks and then got fed up of not having won and packed in, some moved house and some died so there was a constant need to sign up new members.
Unbelievably a decision was made to not canvass any more and that was the start of the end of Goldbond. But to answer your question in comparing the LAST net income to now and taking into account other observations on this thread I would hazard a guess at £20k per annum. However if you compare it to that of say 3/4 years ago that figure would be considerably higher.
Negligence of the highest order. |
Cheers 100no, that's what i was looking for, nothing definitive just a best guesstimate
It wouldn't be unreasonable to assume therefore that a minimum six figure sum has been wiped from our income and untold goodwill, all due to the misjudgement of the CEO and despite warnings from prominent participants
In the end, its this type of mismanagement that should be put to the test by shareholders, leaving personal dislikes to one side and using cold, hard financial logic to hold him to account. He's wriggled once before in his career; has he got the appetite to do so again? |  |
| |
| Dale Trust Update on 11:40 - Feb 21 with 1696 views | Reedy |
| Dale Trust Update on 23:31 - Feb 20 by R17ALE |
An excerpt taken from 442's link....
"Can the club clarify exactly how many numbers are given to the members which agents collect from, and we are referring to the one pound and 50p members. In the past all members were given a membership card which had either seven numbers on if they paid 50p and 14 numbers on if they paid a pound.
Q1, Can the club confirm that those members still have those numbers and that they are entered each week into the draw? This obviously goes for both the 50 pence people and the one pound people.
The club replied. Under the old Goldbond Lottery, members had 7 numbers if they paid £0.50 and 14 numbers if they paid £1.00. With the introduction of the £2 lottery, members would have to have 28 numbers to continue with this system. To simply the system, all members have had their numbers changed to a 4-digit number. For each 50p they have 1 x membership number and 1 x jackpot number. Please note importantly, the odds of winning are exactly the same."
This answer, demonstrates the author, whoever that was, has absolute zero knowledge of sales, or lotteries.
How do you think we sold it?
"For 50p you get SEVEN chances of winning up to £1000. For £1 you get FOURTEEN chances of winning up to £1000. Are yer having a quid?"
The new system brings a sales pitch of "for 50p you get one chance of winning fook all".
The introduction of the rollover was another dreadful idea as it creates fewer winners. Draws create interest by the number of winners, not the amount they won. If your neighbour won a fiver on Goldbond you'd say, "Bloody Hell, you've won Goldbond."
You wouldn't say, "Ha, you only won a fiver!".
These are the little tricks of the trade that make a weekly draw grow. "Not won Rollovers" have the opposite effect. People look at the result sheet, and see a not won prize. It will make them less likely to pay in next time.
The £250 weekly rollover prize would have been far better spent on 25 £10 winners.
No wonder it's totally bombed!
I'd have told them all this years ago, but they clearly thought they knew best! |
How many Goldbond members have switched to the new scheme and signed up to direct debit?
The club replied. Less than 50.
This is the most damning three lines in the tenure of our CEO. If less than 1% of your customer base wants to pay by direct debit, what was the thought process leading to the decision for everything to be direct debit? Surely a hybrid system would work better.
Take out the costs of season tickets from my calculations earlier in the thread, the club has a profit of around £60,000 per annum, it’s currently £18,000, less than 1/3. I remember when a good Christmas draw would clear £10,000 profit, after commissions, prizes etc. Another thing that doesn’t exist anymore.
I'd have told them all this years ago, but they clearly thought they knew best! This sentence sums up the people running RAFC to an absolute tee.
I hold my hands up not knowing to knowing some agents received any extra 2.5%, but the way it was portrayed to me by our CEO was that some agents (I quote) “received a lot more than 15%” I don’t regard an extra 2.5% as being a lot more. I’m not sure anyone will. It’s hardly the reason it went direct debit, I was also told it went back years, to the old system, another lie.
I hadn’t seen this trust article, but what I said about the 5,500 members on the old system was correct. I was told by our CEO that this was not correct, lie. I was told the £89,000 turnover was not correct, lie.
I challenge the club and the CEO to prove me wrong, everything I’ve been told is factually incorrect, is factually correct. | |
| |
| Dale Trust Update on 17:18 - Feb 21 with 1439 views | blackdogblue |
Can the Trust not run one or would that be seen as a conflict of interest or something similar if not?
At least most would go directly to the club one way or another... | |
| |
| Dale Trust Update on 18:26 - Feb 21 with 1320 views | judd |
| Dale Trust Update on 11:40 - Feb 21 by Reedy |
How many Goldbond members have switched to the new scheme and signed up to direct debit?
The club replied. Less than 50.
This is the most damning three lines in the tenure of our CEO. If less than 1% of your customer base wants to pay by direct debit, what was the thought process leading to the decision for everything to be direct debit? Surely a hybrid system would work better.
Take out the costs of season tickets from my calculations earlier in the thread, the club has a profit of around £60,000 per annum, it’s currently £18,000, less than 1/3. I remember when a good Christmas draw would clear £10,000 profit, after commissions, prizes etc. Another thing that doesn’t exist anymore.
I'd have told them all this years ago, but they clearly thought they knew best! This sentence sums up the people running RAFC to an absolute tee.
I hold my hands up not knowing to knowing some agents received any extra 2.5%, but the way it was portrayed to me by our CEO was that some agents (I quote) “received a lot more than 15%” I don’t regard an extra 2.5% as being a lot more. I’m not sure anyone will. It’s hardly the reason it went direct debit, I was also told it went back years, to the old system, another lie.
I hadn’t seen this trust article, but what I said about the 5,500 members on the old system was correct. I was told by our CEO that this was not correct, lie. I was told the £89,000 turnover was not correct, lie.
I challenge the club and the CEO to prove me wrong, everything I’ve been told is factually incorrect, is factually correct. |
What I do know is that a number of thoroughly decent people have lost their jobs so a company that made significant losses in the past and has a spider's web tangle of associated limited companies can profit from a crock of shit. |  |
| |
| Dale Trust Update on 19:02 - Feb 21 with 1275 views | ncfc_chalky |
When the subject of Dale Lotto first came up on here some time ago I think that I mocked the fact that you had agents going door to door collecting a quid here and a quid there and now I would like to apoligise for that and have to admit that it was all down to ignorance,I had absolutely no idea how dedicated fans like Cloughy and others on here was to their club and the amount of selfless effort they put into it,to an outsider it seems old fashioned and should be dragged into the 21st century and get people to pay by direct debit as its the way forward obviously isn't it? Well no it isnt and its looking like a bad idea now it's to late but that's what you get when outsiders get involved,they just don't understand the feelings of local community like I didn't and now I doubt that the damage that has been done can ever be repaired,sometimes it's best to let local people deal with local businesses |  |
| |
Login to get fewer ads
| Dale Trust Update on 20:08 - Feb 21 with 1190 views | judd |
I forgot to acknowledge the Trust in still pursuing this and reporting on it.
I do hope they take up the offer to sit on the lotto board, especially if they can put forward an accountant who would know where to look for the £54 sign ups and so on. | |
| |
| Dale Trust Update on 20:27 - Feb 21 with 1153 views | AtThePeake |
| Dale Trust Update on 19:02 - Feb 21 by ncfc_chalky |
When the subject of Dale Lotto first came up on here some time ago I think that I mocked the fact that you had agents going door to door collecting a quid here and a quid there and now I would like to apoligise for that and have to admit that it was all down to ignorance,I had absolutely no idea how dedicated fans like Cloughy and others on here was to their club and the amount of selfless effort they put into it,to an outsider it seems old fashioned and should be dragged into the 21st century and get people to pay by direct debit as its the way forward obviously isn't it? Well no it isnt and its looking like a bad idea now it's to late but that's what you get when outsiders get involved,they just don't understand the feelings of local community like I didn't and now I doubt that the damage that has been done can ever be repaired,sometimes it's best to let local people deal with local businesses |
Well said, although I'd point out that it wasn't always selfless. While Cloughy and others went above and beyond, the free season ticket was a massive incentive for others. As a college student, I wouldn't have been able to afford a season ticket for the 09/10 season and would've missed the majority of that historic promotion campaign without being a goldbond agent. Through the goldbond, the club benefited and I benefited. Obviously the club don't appreciate win-win scenarios for themselves and their supporters. |  |
| |
| (No subject) (n/t) on 21:19 - Feb 21 with 1075 views | 49thseason |
| Dale Trust Update on 17:18 - Feb 21 by blackdogblue |
Can the Trust not run one or would that be seen as a conflict of interest or something similar if not?
At least most would go directly to the club one way or another... |
Yes it could , the Trust's constitution states that its Object is "achieving the greatest possible supporter and community influence in the running and ownership of the club". It also says the Trust may raise funds by "any lawful fund raising scheme". So the Trust can run a lottery to raise funds to buy shares in the club to add to the 12525 it already owns. [Post edited 21 Feb 2021 21:26]
|  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
