Announcement: "sale" progress - the plan forward
Posted: Mon Nov 21, 2011 9:50 pm
Hello members,
Just a quick update. As you may have heard by now. Mattigins has put the club up for sale. I won't get into the nitty gritty details on the background or genesis of this decision, as now is not the time.
I have made an offer to Mattigins this afternoon and he had graciously accepted.
Currently, I am conducting due diligence and working with Mattigins through the technical details on enabling a seamless transition in "ownership".
What happens next?
Once payment has been made to Mattigins, I will have "control" of the site. Mattigins will then need to advise the committee that he is vacating the role of President, and handing over Presidency to me, which I would assume will be accepted.
What are my intentions?
Nothing sinister. I have paid for this via my own personal funds. I want to see the club succeed and have calm return to the club, this is the only way to achieve it. My plan is to work with committee to ensure that the constitution is re-structured going forward, that no one person can have ultimate control of the organisation.
The future plan.
I am contemplating extending the term of the current committee to end of January or even February.
During this transtion period, I want to work with the membership and comm on fine tuning the constitution and ratifying any changes to a vote. We can then proceed to elections. Once that election cycle is done, my "control" is done and dusted. It should be by then, a truly democratic club.
I know this extension may not sit will with some. However I ask you allow some flexibility while we have the opportunity to rewew and set a proper course for our club.
Interim concerns and difficulties.
This put me into a awkward postion legally with regards to the constitution and my current role as Treasurer as I cannot and should not be in sole control of the bank accounts. I'm sure I could say "trust me", but there is a limit to trust and I'm sure there are a few people that would be concerned.
Accordingly, I have asked our previous Treasurer, MiztaB, who is a trusted and upstanding member of our club, to see if he will make himself available to serve as interim Treasurer to safe guard our funds. I will need to consult with committee on this - on how we are going to work this out. This will need to elevate Chris to a member of the Executive Team as well as an interim measure.
Also being that myself and Ofey are the only remaining Executive Team members. I will be asking Ofey to assist with "Administrator" duties along with myself and hopefully Chris on being elevated to interim Treasurer.
As I said, this has all happened quickly and the plans re: interim position re-arrangements may change depending on what the committee ultimately decides.
I will keep you updated as this progress, as you can understand things have moved quite fast today and I'm sure there are plenty of questions.
For the time being, to avoid jeopardising this sale process, I will lock the thread. Once the transaction has been completed. I will unlock it and will be open to your questions, suggestions and concerns.
Regards.
Just a quick update. As you may have heard by now. Mattigins has put the club up for sale. I won't get into the nitty gritty details on the background or genesis of this decision, as now is not the time.
I have made an offer to Mattigins this afternoon and he had graciously accepted.
Currently, I am conducting due diligence and working with Mattigins through the technical details on enabling a seamless transition in "ownership".
What happens next?
Once payment has been made to Mattigins, I will have "control" of the site. Mattigins will then need to advise the committee that he is vacating the role of President, and handing over Presidency to me, which I would assume will be accepted.
What are my intentions?
Nothing sinister. I have paid for this via my own personal funds. I want to see the club succeed and have calm return to the club, this is the only way to achieve it. My plan is to work with committee to ensure that the constitution is re-structured going forward, that no one person can have ultimate control of the organisation.
The future plan.
I am contemplating extending the term of the current committee to end of January or even February.
During this transtion period, I want to work with the membership and comm on fine tuning the constitution and ratifying any changes to a vote. We can then proceed to elections. Once that election cycle is done, my "control" is done and dusted. It should be by then, a truly democratic club.
I know this extension may not sit will with some. However I ask you allow some flexibility while we have the opportunity to rewew and set a proper course for our club.
Interim concerns and difficulties.
This put me into a awkward postion legally with regards to the constitution and my current role as Treasurer as I cannot and should not be in sole control of the bank accounts. I'm sure I could say "trust me", but there is a limit to trust and I'm sure there are a few people that would be concerned.
Accordingly, I have asked our previous Treasurer, MiztaB, who is a trusted and upstanding member of our club, to see if he will make himself available to serve as interim Treasurer to safe guard our funds. I will need to consult with committee on this - on how we are going to work this out. This will need to elevate Chris to a member of the Executive Team as well as an interim measure.
Also being that myself and Ofey are the only remaining Executive Team members. I will be asking Ofey to assist with "Administrator" duties along with myself and hopefully Chris on being elevated to interim Treasurer.
As I said, this has all happened quickly and the plans re: interim position re-arrangements may change depending on what the committee ultimately decides.
I will keep you updated as this progress, as you can understand things have moved quite fast today and I'm sure there are plenty of questions.
For the time being, to avoid jeopardising this sale process, I will lock the thread. Once the transaction has been completed. I will unlock it and will be open to your questions, suggestions and concerns.
Regards.