|
A Gent Orange
|
 |
« Reply #24360 on: Thursday, February 9, 2017, 09:40:26 » |
|
Hardly a conflict of interest - that would only come if they played in the same competition and the rules prevent that. And I'm not sure we will make Europe in the near future, even if Waterford might.
Also Granada were sold on so are no longer part of the family business. Were sold on, I think to a Chinese owner.
|
|
|
|
|
Logged
|
|
|
|
|
Don Rogers Sock
|
|
« Reply #24361 on: Thursday, February 9, 2017, 09:45:00 » |
|
I wonder how Powers bank manager would look at that! Mr Power pays Mr Power £1m  But it could become interesting if we start buying from them i suppose in the form of the club |
|
|
|
|
Logged
|
|
|
|
horlock07
 Offline
Posts: 18726
Lives in Northern Bastard Outpost
|
|
« Reply #24362 on: Thursday, February 9, 2017, 09:50:26 » |
|
I wonder how Powers bank manager would look at that! Mr Power pays Mr Power £1m Ltd companies do it all the time, with one company supplying another with both under common ownership. Look at the club, there is the historic STFC Ltd which dates back to 18something, but the shareholdings in that are all owned by Seebeck who are in turn wholly owned by Swinton Reds Ltd, all in the ownership of a Mr L Power. (the above is a very rough approximation to illustrate the point but hopefully you know what I mean) |
|
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
 Online
Posts: 55371
|
|
« Reply #24363 on: Thursday, February 9, 2017, 09:57:42 » |
|
Hardly a conflict of interest - that would only come if they played in the same competition and the rules prevent that. And I'm not sure we will make Europe in the near future, even if Waterford might.
Also Granada were sold on so are no longer part of the family business. Were sold on, I think to a Chinese owner. er yes, being in a position to manipulate a price between two clubs to be unduly advantageous to one of them of a conflict of interest. |
|
|
|
|
Logged
|
|
|
|
The Artist Formerly Known as Audrey
Offline
Posts: 19367
?Absolute Calamity!?
|
|
« Reply #24364 on: Thursday, February 9, 2017, 10:26:30 » |
|
Same as him being landlord and tenant re the training ground
|
|
|
|
|
Logged
|
|
|
|
Bob's Orange
Has brain escape barriers
Offline
Posts: 28533
|
|
« Reply #24365 on: Thursday, February 9, 2017, 10:48:32 » |
|
By dark arts, do you mean learning how to drink 15 pints of guinness?
haha. I love learning those dark arts when over there! |
|
|
|
|
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.
|
|
|
Power to people
Offline
Posts: 6407
|
|
« Reply #24366 on: Thursday, February 9, 2017, 13:03:54 » |
|
Same as him being landlord and tenant re the training ground
Wait until he buys the CG from the council |
|
|
|
|
Logged
|
|
|
|
Saxondale
Online
Posts: 6390
|
|
« Reply #24367 on: Thursday, February 9, 2017, 14:06:49 » |
|
Is that the ultimate end game. Is he going to buy it and sell it off for housing making a fortune whilst running off into the distance maniacally laughing Mwahahahahahahaha!
|
|
|
|
|
Logged
|
Never knowingly overstated.
|
|
|
Power to people
Offline
Posts: 6407
|
|
« Reply #24368 on: Friday, February 10, 2017, 13:08:06 » |
|
Is that the ultimate end game. Is he going to buy it and sell it off for housing making a fortune whilst running off into the distance maniacally laughing Mwahahahahahahaha!
If he was smart and had any ideas what to do with a football ground he could probably buy the ground of the council at the moment for a good price while they are selling everything off to claw money in |
|
|
|
|
Logged
|
|
|
|
pauld
Aaron Aardvark
Offline
Posts: 25436
Absolute Calamity!
|
|
« Reply #24369 on: Friday, February 10, 2017, 14:09:47 » |
|
If he was smart and had any ideas what to do with a football ground he could probably buy the ground of the council at the moment for a good price while they are selling everything off to claw money in
Well, let's be thankful he hasn't. If the club had owned the CG at any point over the past two decades, we'd have been a lot more attractive to asset-strippers and I suspect would be much worse off than we are now. I despair at the council and their attitude to not just STFC but the whole town, but perversely the ground being council owned has actually provided it, and hence us, a small degree of protection from the worst excesses of the Jeds and Mikey Ds of this world. |
|
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
Online
Posts: 55371
|
|
« Reply #24370 on: Friday, February 10, 2017, 14:45:55 » |
|
does anyone know how much the per annum rent is?
it came up in conversion last night when I called BS on 750k!
|
|
|
|
|
Logged
|
|
|
|
jayohaitchenn
Wielder of the BANHAMMER
Offline
Posts: 12519
|
|
« Reply #24371 on: Friday, February 10, 2017, 15:08:26 » |
|
It's dependant on our league position. Last I heard it was around £250,000 a year
|
|
|
|
|
Logged
|
|
|
|
|
|
Batch
Not a Batch
Online
Posts: 55371
|
|
« Reply #24373 on: Friday, February 10, 2017, 15:30:03 » |
|
Thanks..
|
|
|
|
|
Logged
|
|
|
|
Power to people
Offline
Posts: 6407
|
|
« Reply #24374 on: Friday, February 10, 2017, 16:05:46 » |
|
Well, let's be thankful he hasn't. If the club had owned the CG at any point over the past two decades, we'd have been a lot more attractive to asset-strippers and I suspect would be much worse off than we are now. I despair at the council and their attitude to not just STFC but the whole town, but perversely the ground being council owned has actually provided it, and hence us, a small degree of protection from the worst excesses of the Jeds and Mikey Ds of this world.
Very true but sadly with this council I believe they would sell it off if someone offered them enough cash, I would not want that to be Power as it would not be club owned but privately owned ala the training ground |
|
|
|
|
Logged
|
|
|
|
|
