I've been having the same feeling myself; the lacklustre presentation of the offer itself and the total failure to provide any additional information to go with it, could easily be interpreted as a BoD going through the motions.

Ken Bates let Leeds go into admin before buying the club back from the administrator so there's nothing to stop the situation you described happening.

rlKen Bates Also Bought Chelsea For A Poundrl

Two things that Kuddly Ken has that Uncle Ted doesn't; money (or the means to have access to the money) and the ability, proven over decades, to run a sports club fairly successfully.

That no-one knows who owns LUFC is testiment to how smart Bates is.

Indeed

Considering it is estimated that only 500 season tickets have been sold at a cost of approx £200, it should be obvious that if the fans are unwilling to commit to that figure which is after all a bargain taking into account what you get for your money. I doubt 500 supporters will come up with £1000 pounds considering there is no return at all for that investment.

If the club are having difficulties selling season tickets I would suggest they improve the web site, having been on the web site to look at this seasons season ticket prices, I can honestly say it is not user friendly.

Just to put a different spin on this do you think that all this share offer could have been Richardsons way of saying he is the best option for Trinity and the supporters should now get off his back.
Afteral his statement of are there 500 people who care about the club enough to put up the cash could have been taken as, if there are not lay off me and the board because we are the only future for this club.
Please don't get me wrong as I am not saying I think this is the case but stranger things have happend in the past.

Wakey Express quotes Ted today saying that as of yesterday they had 10 investors who had put their money in.!!

First off i get what you are saying but i don't thinks thats the case.

I'll not chuck my money in at this stage, have held a family season ticket, spent a fortune in the shop and all that goes with supporting a team/club for a long time, i can do no more at this stage.

I've not gone down the road of "bagging the board" i realise its not been easy and those who think they could have done a better job are dreaming, thats my opinion by the way.

That said i can no longer support them and would only invest (not that i have much) after they have gone, sad state of affairs but thats my view.

At the meeting 50 + showed hands and some stayed after the meeting, fair enough anyone can lift an arm, anyway if thats correct it shows the lack of faith.

do you honestly think lord ted wants to let go of the club. hel have to be carried out kicking and screaming. if the fans get the 500 then its someone elses problem not his. he might say hel stand down but do you think hes that daft that shares wont be in di or davids name or companies names. hel wait in the wings and if it gos tits up hel step back in 500,000 bail out of lord ted complete.

Payday this morning…realised how impossible it would be for myself to keep a grand to one side to throw at a rugby club. Not everyone has savings, not everyone is working, not everyone can 'care' as much as others.

You don't have to be Clouseau but.....Don't you think the Administrator would see through that one ?
There's certain rules you have to abide by when in an IVA. This appeal for monies is Ted's last chance of retaining control of the shareholding, if administration becomes the answer then that's it the shares and stockholding are virtually worthless.

Do you know what kind of IVA he's in

I reckon a lot of people will take as long as they need to take to weigh up the situation before committing to the offer. The 10 who have already committed may already be aware of all the details. The vast majority of other people are not.