Thetownend.com

Please see thread on TUMDFC.

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Magic you seem confused alot recently are you ok?

A MAJOR investor is poised to secure Swindon Town's long-term future, with the club claiming a multi-million pound deal is on the verge of being sealed.

With a £900,000 CVA (Creditors Voluntary Agreement) bill hanging over their heads, the club yesterday assured fans a deal was tantalisingly close to "securing the club's future for the next three or four years".

CVA supervisor Andrew Andronikou is championing the move but has warned dissenting fans their actions could prejudice the deal and the club's future.

It has been made clear the potential new investment is a separate development to the proposed takeover headed by former investor Bill Power.

Confusion remains over the due date of the final £900,000 CVA payment, with Andronikou insisting the company have another year to settle the debts, despite the original date being the end of June.

Meanwhile Town non-executive director Bob Holt has confirmed they are hopeful of announcing a major new investor "within the next couple of weeks.'' Andronikou said: "I have information in my hands that the club are very close to agreeing a deal to secure the long term future of the club, this would deal with the CVA as well.

"It's brilliant news. I am championing the cause and something could be announced within the next three to four weeks. This should give supporters confidence with regard the long-term future of the club.

"Some of the questions a minority of fans have raised have prejudiced the club's future. Hopefully now they can show some faith and let the board get on with their work.

"Discussions are in hand now and it will take the club out of the CVA. An investor should be putting sufficient funds in to hopefully deal with the CVA and secure the long-term future of the club for the next three or four years."

Trust STFC chairman Paul Davis and backer of the fans' consortium's takeover bid declined to comment until he saw details of the investment.

Andronikou said: "There have been a lot of developments at the club and the management and directors have done extremely well over the last few years.

"They raised three million to get the company out of trouble and since my six years of tenure three million to keep me going."

Holt confirmed: "We always said people were interested. That may materialise quicker than we thought. An announcement will be made in the next week hopefully.''

just didn't know what TUMDFC stands for and can't be arrsed trying to figure it out

The Unofficial Mike Diamandis Fan Club (.com)

Sounds a bit dodgy to me, to try and get the fans off the boards back for the next 3 to 4 weeks.

cheers Birdy and SiPi  8)

Magic - check your PM

That's 'private message'

:Ride On Fatbury's Lovestick:

If there is such an investor, assuming that this isn't just an attempt to get people to stop asking awkward questions about the CVA/Holding Co accounts ("Some of the questions a minority of fans have raised have prejudiced the club's future"), he must have a serious amount of wedge if you're to take the "secure the club's future for 3-4 years" at face value. In fact, just to plug the current hole will take serious money:
1) £900k CVA
2) £1.2m owed to Bill and Phil
3) £1m pa operating loss
4) £2.9m hole in holding co's accounts

So that's the best of £6m before you even start with a clean sheet! And presumably he's then going to cover £1m+ of operating loss for 3-4 years, ching, £10m. And that's before you start investing in the playing squad.

I'd be wary of making any kind of judgement until we see futher details on this, but on the face of it, it seems an incredible statement to make.

This is turning into a bit of a dick waving competition really  :D

(All those present at the Trust AGM will understand my joke)

Woohoo! Some investment at last! Why has it taken so long for someone to offer to pay the CVA and secure the clubs future?! :D

 :twisted:  :twak:

:) My money is on anybody but Fred winning that contest, what with the girly drinks he was drinking.

also, where is Maverick and all his questions

who are/is these/this people/person
what do/does they/he/she want from STFC
are/is they/he/she just here for the new stadium
are/is they/he/she likely to be asset strippers
do/does they/he/she have have a history in football

If they are, they're wasting their time!

There are no assets to wave a stick at !!!

Well, well, well who'd have thought!!  

I'm not going to dismiss this out of hand before more details are released.  Would be interested to hear Mike W's/Bill P's response.

i'm pretty sure the investor is genuine.how much they are prepared to invest is the crucial thing though.
having said that i dunno how much power and co are prepared to plough into the coffers either.
but our board are proven to be inept so i would still prefer the consortium takeover.

There is no new investor.

 :D

This may be a silly question but why does it seem to have taken Bill Power and Co months to seemingly not get very far and these new investors to have achieved far more in a very short space of time? This is not a dig at Power because im 100% behind the consortium takeover. Is this a case of the club being choosey about who they want to takeover the club?

cos they would be an investor and not look to take the club over, i.e. SSW and Diamandis can still get their pay day one day

well ill believe it when i see it. and if it is true how long will it take Mike D to ruin it all again! Bring on the takeover that's what i say!

I'd like to politely ask the board who this investor is. The same was asked of the Fans Consortium when Mike W revealed he'd secured significant financial backing, so I think it's only the right thing to do for them to tell us.

As it is at the moment I'm going to start spreading rumours that it's an American...

hmmmmm. believe this when i see it. werent we also getting an investor around-about the time the consortium were starting out? knowing the current board, its bullshit.

Good question who the fuck are they will we find out when they take over or before who they are this isnt right we have a right to know if they have the clubs intrests at heart this is why so many do not trust the board anymore.

"CVA supervisor Andrew Andronikou ............has warned dissenting fans their actions could prejudice the deal and the club's future."

How exactly is that then????????

This is all a load of bollocks to try to shut the fans up. It's pathetic and I do not believe it.

Of course, if it doesn't happen now (and it won't) it will all be my/our fault for some reason :roll:

If one of the cnditions attached to any investment was Mike Diamandis being deported then I'd be fully behind it

   I'm seething over this "how dare a minnion like Andronikou slag off the customers of a company that he is just doing a job for"    This statement is the biggest load of trash yet from the Board....if they want to blame me as a dissenting voice  then fucking blame me.... I've had it...time to storm the battlements.

oddly, some of the people asking the questions may in fact be creditors in the CVA.

and/or shareholders

after 5 years of board lies, i will believe this when it has actually happened, and not a moment before.

in the meantime, the consortium represents a genuine alternative to the current board and continues to have my support.

Just back from Krakow (definitely crack one off territory) and having read the Adver story today I read it as having to do with the unresolved sponsorship deal (if it’s not already sorted) rather than an investor in the mould of Bill Power.

Maybe I’m splitting hairs but the language and turns of phrase used in the article such as “multi-million pound deal”, “a deal to secure the long term future of the club” and “An investor should be putting sufficient funds in to hopefully deal with the CVA and secure the long-term future of the club for the next three or four years."  The last part in particular I presumed was simply the duration of the sponsorship deal.

The reference to dissenting voices being made as they’re likely to rock the boat with any commercial sponsor while an individual purchasing an actual stake in the club at this stage would not be as inclined to be effected with the situation between fans and the board as it stands.

Has Bill Power and his consortium got this sort of money?

Just wondered as I've read loads about him being in with the trust but can't remember having seen any figures quoted when it comes to his proposed investment?

The simple answer is: Yes

Really?

Anyone got a link that details Powers/Trusts offer including proposed investment?

Take a trip over to the Trust site

Loads of details there

Got a link - and I don't mean just to the site?

Not that I'm lazy  :D

http://www.truststfc.co.uk/

Thats just to the site, Ill be arsed if I am finding all the info for you, youll be asking me to phone you and read it all out for you next !

Lazy cunt

 :wink:

I think someone needs to do a bit of editing with the Consortiums Manifesto.

Citing Luton as a successful Championship Club looks a little silly now! :D

http://www.truststfc.co.uk/fc_manifesto.php

Yeah read that.

Doesn't say Bill Power and the consortium will invest £x million though does it?

Loads of talk about paying the CVA and investing in the future but no concrete statement on an actual figure.

No, but then you wouldn't bother going into a pound shop if you only had 50p. Get me drift?

Nicely done.  :soapy tit wank:

So have they ever put a figure on how much they intend to invest?

well they intend to pay significantly more money than the club is worth in order to purchase it.

This is starting to get like question time in the houses of parliament.

A straight answer would be nice  :D

I think you miss the point.

A Consortium takeover wouldn't be a straight question of "how much have you got in the bank to spend?"

There are many variables. As in BP's money wouldn't require repayment, the figure agreed between the Consortium and the club would depend upon settling some of the liabilities and restoring SSW's capital etc etc.

It would also be pretty stupid in any negotiation to openly show how much you were prepared to pay for something, wouldn't it? That's like announcing your bid limit on eBay.

This is very different from "an announced investor" where the current board would still be in control. This would be a takeover, where the game plan and the finances pan out differently.

Still no straight answer to my question then.

I didn't ask if Bill Power and the consortium had announced how much they were prepared to pay for the club.

I asked if they have said how much they were going to invest into the club i.e. how much will be made available for players and a new stadium/stadium redevelopment.

Plenty of people have announced these details when negotiating to take over at other football clubs but have they (BP and the consortium that is)?

How much money will you spend on the club next season, I want the exact figure to the to the £.

Did you read the manifesto at all?

Last bid I heard was £4m + relieving the Wills family of all liabilities. I'd expect that offer to be revised under due diligence.

Bill Power is on record saying he will fund the start up costs of stadium development and will look to make this back when the development is built. BUT all profit from the build will go back into the club

He is asking a fair question and he is right it hasnt been said publicly what would be used to improve the team ,etc so get off your high horses.

To be honest Monkey I dont think they know,id imagine it depends how much they have to buy the club for.

I'm not on a high horse.

I'm just saying it would very unwise for a bidder to reveal how much they are willing to spend on an acquisition.

What's got into you acting all high and mighty lately?

he must be sober or something  :D

I didnt actually mean you nob face .

A few of the answers were a bit upity.Its almost as if people cant ask questions of the consortium at times.

shoo, darned dissenter. toe the line!

agreed

Ah fair enough. Sorry.  :D

Yoevil Red thanks for the straight answer.

I didn't know what Bill Power and the Trust had to offer as an alternative to the current board so I thought I'd ask a question or two.

I didn't realise people would get all sensitive if I questioned Bill Power and the Trust :D

People are only uptight because people like Maverick ask the same questions week in week out, despite getting answers. Don't take it too much into heart.


EDIT:

if you'd like a bit more information the minutes from the Trust meetings are up on the website too. It'll give you a bit more insight into the state of play regarding...well everything

Probably my fault. Was just trying to say that businessmen of BP/PEs standing wouldn't have taken an interest in all this if they didn't have the financial clout to fund it. Sorry.

Thanks for the tip Pieman

I can't count so don't understand the financial issues surrounding the club very well, so I avoid any questions of that sort...

shit.

Sandy Gray could be my mother.

 :Ride On Fatbury's Lovestick: James Gray

 :shock:  :shock: Did your Dad know her Sonic?

I'm hoping to find out who the investor is so he can buy me out.  I;ve got a shit load of debt and no real prospect of paying it all off in the next 3-4 years.  I also seem to spend more money than I earn every year, and while I can;t provide evidence of an ever declining quality of playing squad, my reduce grocery budget has caused a significant increase in ASDA Smart Price goods having to fill roles previously taken by the Extra Special range.

There is a bit of development potential on my land, you could easily fit a 10 storey block of exec Appt's where my front garden and garage currently sit, but I might have a little local resistence to the planning application, nothing to worry about though I'm sure.

I'll but you out RobT, you sound like a  license to print money.

You'd have the plans for those in your head, Right ?

To be fair I think Yeovil has a point, at times I think the consortium supporters have a mob mentality, if someone does agree with something then the majority attack.

I really hope that this attitude changes, nowadays you can't have a thread about Andronikou or Diamandis without slagging off their nationality which is a shame.  

I think we had a chance to grab the "moral initiative" a few months back, the board were struggling like mad we had made huge in roads into winning support.  But I feel we did not win as many as we could because of this mob rule mentality that seems to have grown within.

Just a personal opinion, I'm still behind Bill/Phil/Mike 100% but I do feel that this is starting to slip away a little.

If by some fucking miracle the consortium do manage to wrestle control of the club from the incumbents this closed season I for one DO NOT WANT ANYONE connected with the club to make public statements about how much cash we've got to spend on the squad.

Any club starts waving a wad around at this level and just the prices of any transfer targets start to soar!

You keep your cards close to your chest when you're trying to get a good price for something, whether it's a football club or a football player.

Drivers Jonas the property developers are another to kick into the hat.  

They conducted a feasibility study for stadium development sites are working with Shitty on the Memorial ground and could replace/buy-out St Modwen who have probably got their pound of flesh out of Hungerford Marina.

Again reading that Adver article it doesn’t come across as an individual investor in the mould of Bill Power but more of a commercial investment, which I took to be a new sponsorship deal off the bat.  Bringing in another developer the club could in effect could pull a similar stunt to the St Modwen deal which raked in 1.5 million to pay off the debenture and would fit with securing the club over the next three to four years.

well said

We're not worth anything. We have no money (Bryan Adams must have conned us out of the £300,000 that Mr Mike told us we had made). :|

If everyone in Swindon and Wiltshire gave a tenner we could buy the club without no bastard investors. I'm starting the collection now. I'll have a whip round at work.

I've been thinking, what kind of sureties must the board be offering up to get new investors on board?

The club's effectively bankrupt and there's no chance of any profits being made anytime soon.

I think it must all come down to the stadium redevelopment.

Shall we declare war on Canada?

http://msn.mess.be/data/thumbnails/46/anti_canada.jpg

FFS, going on last season it wouldn't last 6 months, (without paying off the CVA

The following also conned us :
Ipswich (Parkin money) Swansea(Fallon) Everton (Jutkiewitz) Leeds (Poyet & Wise),  Bill Power (1.2 million was supposed to be put in), Crystall palace (Unbudgetted cup game) & the ticket office (Double the gate Vs Walsall)
B'stards the lot of them.

Sorry

Got stuck on submit  :beers:

Also concerns me. Lets assume that this new investment all goes swimmingly for the board, and this new investor (Fool) pumps in £5 million. But not being a total idiot he gets guarantees on any future ground developments (Having seen inside Bowdens head).
The CVA is paid off great, leaving £4,000,000.  Of the rest £1,000,000 covers last seasons losses & the other £3,000,000 goes into the "Black hole" that the +£3,000,000 recieved last year went.
So in 9 months time the club run out of money again. Fans start complaining & one says "I know, lets put together a consortium to buy the club, & give SSW his money back. But, we need to do this quick, before the sh!t hits the fan. I know, rather than get everybody to contribute a little, why not get somebody wealthy in to invest & then allow fans to buy share from him. Only this time the cost is £5,000,000 more to pay off the "new Investor too"

In other words don't try to plug the gap FIX THE BLOODY PROBLEM !

I don't see how that could possibly happen though, Phil, because Cliff Puffett says in today's Adver that the new investment can only be a good thing.

Yes, then we'd have a group of people with cash to spend - a 'consortium' if you will. Then all we'd have to do is get the Board to agree to sell .... oh hang on !  :wink:

Not with this board.

They got some investment last summer and what happened? the money dissapeared and they fell out with the bloke after 3 months!

Giving this board a cash injection is like giving a terrorist a new rucksack.

What a beautiful analogy. Thank you sir!

Good old Capn Puffy blowing with the wind again, he really does like to see himself as the man of the people....nobody likes you Cliff and you are just making yourself sound like a fool.

If you have nothing interesting to say don't say anything at all.

Agreed. I never thought Tails was capable of such work!

I don't think you were alone there.  :(

Love it  :Ride On Fatbury's Lovestick:  :Ride On Fatbury's Lovestick:  :Ride On Fatbury's Lovestick:  :Ride On Fatbury's Lovestick:

Tails, that is sheer class.  :Ride On Fatbury's Lovestick:  :Ride On Fatbury's Lovestick:

Careful now Tails, you don't want a visit from the Police.

what is this? a "let's bum tails cos he's soooooooo articulate?" oh for fucks sake!

All the tensions been let out after the arguements. It's time for some ghey love posts.  :beers:

New investor.....my arse.
 :evil:

What fucking argument?!! FUCK YOU!! :D

nice one Tails! it is true though. i want them all out!

Well we'd take our dosh on a raid into the ground and kick them out with it. It would be like a reverse burglary. :beers:

Shouldn't take all this takeover shit so seriously. If they're not going to sell they're not going to sell.

THe new investor & Sponsor will be Kingswood Construction

How rich are kingswood construction.

Force them out by hitting them in the pocket

With them still in charge:

We will never be on a financial even keel
Money will continue to go down the M4 to Newbury
We will operate on a shoestring playing budget and be uncompetitive
We will likely end up out of Swindon

Investors:

#1 - New Media Deal
#2 - New Shirt sponsors
#3 - New South Stand Sponsors
#3 - New  / renew TE Sponsors
#4 - new / renew N Stand sponsor

All on 3 yr deals = investment for 3 years

These boys Jan?

http://www.kingswood-construction.co.uk/

Website looks a bit like they're small build and restoration not really major builds and the like.

No not them Daz.

It's a Swindon based company.

These........

http://www.kingswoodgroup.co.uk/transformyourhome.htm

Kingswood Construction is part of the group. But it's not the same ones Daz found the link to

Seems other people have come to the same conclusion. You're a perceptive lad. Well ahead of the game. You should chase prostitutes for a living.

Can we find out who their directors are and see if there are any links with stfc ?