Brian told me, "John has a background in raising finance for companies and, back in April 2016, when it became fairly obvious that the Daggers were likely to be relegated, he received a call from the Chairman asking him to attend an urgent meeting later the same week, which he did. At this meeting he was asked for his input on what could be done to fill an obvious hole in the clubs finances that was coming in to view."
John told me that various options were discussed at the meeting, from taking the club into administration, through major cutbacks to various budgets, and one where a group of investors, including the Easts and four members of the board, put up around £40,000 each to stablise the clubs finances short term, while looking to reorganise how the club was run, and seek further investment if required.
"This didn't happen in the end because three of the board members that were asked to invest decided it wasn't for them," John told me.
When asked about the longer term nature of the commitment to invest, the brothers assured me that this was not raised by them, which is in direct contrast to the statement from the club on the 27th June which says the deal put forward by the Easts was exactly what Glenn Tamplin is now offering.
John East told me "I must stress that I made no offer. I merely suggested that if six of those of us close to the club invested £40,000 each, that would stabilise the position for the current year while we looked for a longer term solution. A five year commitment was brought up, but not by me. Dave Bennett, David Ward, Brian and I were prepared to commit for one year, with two directors wishing to consider further. They subsequently declined and Dave Bennett withdrew."
John added, "So there was no offer or proposal in April and that was that, until the Tamplin offer emerged and we proposed our alternative, to give the members a choice."
John is obviously irritated that the club statement states that the basic terms of the Tamplin offer are the same as that which was discussed at this meeting. "That is simply a fabrication, and I am sure the Board minutes will confirm this."
Brian said, "After this things went quiet for a couple of months, before it emerged that Glenn Tamplin was a long way down the line with the bid that has been discussed widely since late June."