Grr, I'm angry with these fucking cunts!
The Board of Swindon Town FC totally refutes the recent claim in the media attributed to Bill Power that he loaned the Football Club money. Bill Power knows, or should know, that his investment was NOT in the Football Club but a significant share acquisition in the Club's Holding Company. Therefore any suggested threat that he could issue a 'Winding up Petition' if the Club do not acknowledge that his investment should be considered a loan is both ludicrous and misguided.
Well, as there aren't any share certificates I'd say you're talking out of your fucking arse.
Bill Power has not to date signed the Non Disclosure Agreement (NDA) and making fallacious threats against the Club is ridiculous in extreme and is a diversion from the main issue.
That's because you want to put in a ludicrous clause the would mean Bill commiting to the fact that his £1.2 million was in shares when he says it is a loan. I don't blame him for not signing really, personally I think it's a vague form of blackmail, 'Oh, just falsely admit it was shares Bill and then we'll sell'.
On one hand he purports to want, with the Fan's Consortium, to make an offer to buy the Club, but then demands that his substantial share in the Holding Company to be treated as a loan before he will agree to sign the NDA.
Again, show us the share certificates then.
First the Board are accused of not providing a NDA, when, in fact it had been with Mr Powers lawyers within two weeks of it being requested. Since then Mr. Power has been silent. Now they claim the reason they have not signed the NDA is that it would prejudice their position. This is nonsense; a NDA is non committal but merely allows both parties to negotiate in confidence with each other.
Apart from when you insert ludicrous clauses where Bill would have to 'agree' his money was shares, not a loan.
It is over nine months since Bill Power declared he was heading up a Fan's Consortium. It took months before the Board received an official request from Mr. Power's lawyers and the Club responded within days, now a further two months have elapsed.
Bull-fucking-shit, you can't even respond to your fans 'within days' let alone the fucking consortium.
The Board suggest to Mr. Power and his lawyers that, in future, they refrain from making inflammatory remarks in the media...
I suggest you stop shit stirring in the media.
...and either sign the NDA or if he feels that his investment was not a share purchase make a claim against the Club's Holding Company. If this cannot be resolved perhaps he should ask the Courts to decide rather than making bizarre comments in the local media.
And how do the holding company intend to pay Bill's £1.2 million back? You're up shit creek my friends.
The Board feel that this flurry of media activity is purely an attempt to derail the Club's negotiations with serious alternative investors. In this regard the Board are delighted with the progress being made with a serious potential investor and are confident of a positive outcome in the near future.
What's this got to do with anything? If your investor was serious why would he be worried, surely you can prove to him that Bill has no claim against his £1.2 million, can't you?
You've conveniently managed to squeeze the investor line into all your recent press stories, which makes me believe we're going to get an 'Oh dear it's all fallen through because of you horrible trouble-making fans' story rather soon. You haven't got another investor lined up and you never have done. You're holding onto this club for dear fucking life with the slight hope you can put this off long enough to get your pay day then scarper. I've got no respect for you at all, you bunch of cunts.
