Pages: [1] 2 3 4 ... 8   Go Down
Print
Author Topic: "New investor set for Town deal"  (Read 12883 times)
TalkTalk

« on: Wednesday, May 16, 2007, 07:53:51 »

Please see thread on TUMDFC.
Logged
magicroundabout
Fanta Pants

Offline Offline

Posts: 8695




Ignore
« Reply #1 on: Wednesday, May 16, 2007, 09:07:58 »

Quote from: "TalkTalk"
Please see thread on TUMDFC.


Huh?Huh?Huh?Huh?Huh???
Logged

STFCBird
Ralphy's Wet Dream

Offline Offline

Posts: 10666

C U Next Tuesday!




Ignore
« Reply #2 on: Wednesday, May 16, 2007, 09:09:11 »

Magic you seem confused alot recently are you ok?
Logged
@MacPhlea

Offline Offline

Posts: 2176





Ignore
« Reply #3 on: Wednesday, May 16, 2007, 09:11:03 »

Quote from: "STFCBird"
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.''
Logged
magicroundabout
Fanta Pants

Offline Offline

Posts: 8695




Ignore
« Reply #4 on: Wednesday, May 16, 2007, 09:13:44 »

Quote from: "STFCBird"
Magic you seem confused alot recently are you ok?


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

Samdy Gray
Dirty sneaky traitor weasel

Offline Offline

Posts: 26215





Ignore
« Reply #5 on: Wednesday, May 16, 2007, 09:20:39 »

The Unofficial Mike Diamandis Fan Club (.com)
Logged
Bob's Orange

Offline Offline

Posts: 19934





Ignore
« Reply #6 on: Wednesday, May 16, 2007, 09:21:22 »

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

we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
magicroundabout
Fanta Pants

Offline Offline

Posts: 8695




Ignore
« Reply #7 on: Wednesday, May 16, 2007, 09:25:58 »

cheers Birdy and SiPi  Cool
Logged

Samdy Gray
Dirty sneaky traitor weasel

Offline Offline

Posts: 26215





Ignore
« Reply #8 on: Wednesday, May 16, 2007, 09:36:40 »

Magic - check your PM
Logged
Frigby Daser

Offline Offline

Posts: 2944





Ignore
« Reply #9 on: Wednesday, May 16, 2007, 09:49:46 »

Quote from: "sam_stfc"
Magic - check your PM


That's 'private message'
Logged
jayohaitchenn
Wielder of the BANHAMMER

Offline Offline

Posts: 11132




« Reply #10 on: Wednesday, May 16, 2007, 09:53:15 »

Quote from: "The Moonraker"
Quote from: "sam_stfc"
Magic - check your PM


That's 'private message'
Logged
pauld

Offline Offline

Posts: 21902





Ignore
« Reply #11 on: Wednesday, May 16, 2007, 09:53:47 »

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.
Logged
Samdy Gray
Dirty sneaky traitor weasel

Offline Offline

Posts: 26215





Ignore
« Reply #12 on: Wednesday, May 16, 2007, 09:59:02 »

This is turning into a bit of a dick waving competition really  Cheesy

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

« Reply #13 on: Wednesday, May 16, 2007, 10:02:34 »

Woohoo! Some investment at last! Why has it taken so long for someone to offer to pay the CVA and secure the clubs future?! Cheesy
Logged
magicroundabout
Fanta Pants

Offline Offline

Posts: 8695




Ignore
« Reply #14 on: Wednesday, May 16, 2007, 10:07:38 »

Quote from: "The Moonraker"
Quote from: "sam_stfc"
Magic - check your PM


That's 'private message'


 :twisted:  :twak:
Logged

Pages: [1] 2 3 4 ... 8   Go Up
Print
Jump to: