Bill Power court case

[pauld]

I think he is moaning about the legal expenses he may have to pay - the indemnity is probably just for the million to Bill Power.
Possible outcomes
BP loses he pays all expenses
BP loses he pays his expenses STFC pay theirs
STFC loses they pay BP his million (payed by Wills) STFC pay all the expenses
STFC loses they pay BP his million (payed by Wills) STFC pay just their expenses
So there are 3 out of 4 scenarios where AF is out of pocket - he must have known this

As I said the other day though, it would be madness to negotiate an indemnity for the fixed costs alone. If Fitton and co did any kind of due diligence (and they did, thoroughly, from what I can gather), they'd have known there was a good chance of losing the case (which is why they wanted an indemnity in the first place) and would also have known that if the case went to court, then costs would form a large part of the eventual bill. So I just don't find it credible that they'd have negotiated an indemnity that ONLY covered the fixed costs, that would just be incredibly naive to the point of incompetence. And I don't think Fitton's that naive.

The problem here it would seem is not that the indemnity doesn't cover the costs but that the Wills are proving a little slow in paying out. So sue them. And ban them from the directors' box for a start until they pay what they owe.

[Power to people]

I'm sure it is only a matter of time that James will no longer be a director at STFC, How much money has Wills got left after Diamandis bled him dry - no sympathy though, perhaps he can sell his big posh house in Ramsbury and live in a 3 bed terraced in Penhill, he'd still have a room for James as well.

Can I suggest Gazza stops supplying the ammunition as it just get's too easy to wind him up and watch him go like a rampant rabbit 

[nevillew]

FOR ONCE


SHUT UP GAZ

Got the poking stick out again Fred ?

[Fred Elliot]

Nah Nev

Just fed up with his over the top, irrational, inane comments all the time.

Like I said, he doesnt table his opinions like this on his own forum so why here ?

[Talk Talk]

Like I said, he doesn't table his opinions like this on his own forum so why here ?

That's because nobody visits our forum Andy 

[nevillew]

Nah Nev

Just fed up with his over the top, irrational, inane comments all the time.

Like I said, he doesnt table his opinions like this on his own forum so why here ?

Couldn't be attention seeking could it ?

You're only voicing what I'm thinking.

[Fred Elliot]

That's because nobody visits our forum Andy 

 

I do

In fact I think Gazza has done a great job with the L & P site, whether its viewed as the "in thing" to be controversial on here I really dont know.

I am not the only one to voice a similar opinion

[4D]

Big bully Fred. 

[Simon Pieman]

So sue them. And ban them from the directors' box for a start until they pay what they owe.

Absolutely what I was thinking.

A different point, but is the indemnity provided by the Wills family or just Sir Seton?

[pauld]

Absolutely what I was thinking.

A different point, but is the indemnity provided by the Wills family or just Sir Seton?

I've always understood it to be the Wills family but how it's actually legally drawn up may be quite different

[Phil_S]

The problem here it would seem is not that the indemnity doesn't cover the costs but that the Wills are proving a little slow in paying out. So sue them. And ban them from the directors' box for a start until they pay what they owe.

Agree with that.

I thought all along that Bill P would / should win, & AF & co must have realised that. Problem is they will probably have to sue Wills for the indemnity to be paid.

I would settle for a public flogging (in the centre circle before the Wovers match) of his personal advisor my self

[DiV]

fucking brilliant...

...not helped by all the fickle cunts who didnt 'renew' their season ticket in December!!!

I'm no legal expert so I really dont have a clue what is going on but I thought Bill Power liked Swindon? ok, he was never a fan of Swindon, is a business man but invested some money and was willing to be part of the fans consortium.

Surely he wouldnt want to take us to the cleaners and destroy us?

[flammableBen]

fucking brilliant...

...not helped by all the fickle cunts who didnt 'renew' their season ticket in December!!!

I'm no legal expert so I really dont have a clue what is going on but I thought Bill Power liked Swindon? ok, he was never a fan of Swindon, is a business man but invested some money and was willing to be part of the fans consortium.

Surely he wouldnt want to take us to the cleaners and destroy us?

There's a lot of things/people I like, have an attachment to, whatever, but I'd still be pretty pissed off if any of them tried to scam me out of a mil or so and I'd probably do what I could to get it back. Even if it meant financially fucking them up.

[Bogus Dave]

fucking brilliant...

...not helped by all the fickle cunts who didnt 'renew' their season ticket in December!!!

I'm no legal expert so I really dont have a clue what is going on but I thought Bill Power liked Swindon? ok, he was never a fan of Swindon, is a business man but invested some money and was willing to be part of the fans consortium.

Surely he wouldnt want to take us to the cleaners and destroy us?

Thats a very thisis post. Like ben said, he's been scammed out of a million and is, quite rightly, going for it back.He's done nowt wrong in my eyes, its clever bastadry by those who were previosly in charge which means its got anything to do with us now

[pauld]

fucking brilliant...

...not helped by all the fickle cunts who didnt 'renew' their season ticket in December!!!

I'm no legal expert so I really dont have a clue what is going on but I thought Bill Power liked Swindon? ok, he was never a fan of Swindon, is a business man but invested some money and was willing to be part of the fans consortium.

Surely he wouldnt want to take us to the cleaners and destroy us?

Not quite that simple. The case is that Bill and Phil were effectively scammed out of a million quid by the previous regime. They could safely take on the case knowing it wouldn't ultimately impact the club because of the safety net provided by the indemnity - ie that means that if they win, the people who have to pay are the people who (allegedly) stitched them up. And if they drop the case, the same people effectively end up a million quid better off. And Fitton and the new board could safely take over the club and write this down as not being a liability ultimately owed by the club because of the indemnity. Indeed they said as much in the last set of accounts. So in terms of actual outcomes this is a straight battle between Bill and Phil and the Wills family, which is what it always was. The only way it becomes a problem for the club is if the Wills family try and wriggle out of their responsibilities by not honouring the indemnity.