Administration

[tans]

FUCK SAKE

[LittleRed]

This sounds crazy timing to me almost to the point its a bit of brinkmanship on Andrew Blacks part for some reason. If he wants out, the best point at which to do it would have been if we were in the championship, which at this point is a very real possibility. He could have asked for a higher price, the revenues would have all been bigger and just the achievement of promotion would have brought an income in, all of which would have helped Andrew Black get some of his money back if he wants outs. Crazy timing! If there are interested buyers then that also could be very positive and any new buyer with money or not would much prefer not taking on the 9m of debt if it does not need to. Any new buyer will want to move the club forward its in their interest. Could work out for the best, a chairmen with money who wants to take the club forward. No point with taking over the club and have it languishing in the status quo. The investors, Fitton, Martin and Black all have the most to loose, something is not quite right with this news

[kaufman]

he just said we pay our bills on time we've not overspent budget wise this season as far as
he's aware. positive talks are going on with potential new owners.
it's different this time and told fans not to panic at all

[Shaw Rosso]

Wray - very positive noises coming from the club regarding new investment, already well in to talks with interested parties from what he knows. Black has a social responsibility not to just dump us in to administration. The theme seemed to be DONT PANIC

BBC trying to get hold of the illusive Mr Patey

[BenTheRed]

It’s all a bit weird! Seems counter intuitive that the creditors would put the club into admin – when most the debt is owed to shareholders (namely Black). He would lose out.

Maybe he just wants out at any cost - needs to sell the club, cant with the other shareholders debt and everyone else unwilling to write it off...

[LittleRed]

Is Wray making a comeback, Dicanio and Wray back together. Awesome!! Maybe?

[Bob's Orange]

he just said we pay our bills on time we've not overspent budget wise this season as far as
he's aware. positive talks are going on with potential new owners.
it's different this time and told fans not to panic at all

Thanks Kaufman.

Sounds like there are options on the table. Lets take a step back and see what happens over the next few days.

Of course going into Admin is a possibility, but at the moment is just that.

[Power to people]

I do not fear admin as the debts are mostly to Black & Arbib so they would lose the most, I'm sure they are not prepared to lose everything, they may be prepared to take a loss if there are genuine investors out there.

I beleive that both Wray & Fitton had stfc at heart but something happened for certainly Fitton to walk away, whether we will find out who knows, and if things were that bad with Wray spending why did Black not rain him in sooner surely it was his money being spent.

If things carry on though Paolo will walk if he's not already considering his position, surely if we kept going and made it to the championship (IF) then that brings it own rewards, but I suppose in the flipside money would have to be invested to ensure it was not a season of struggle.

[Panda Paws]

Every time a new investor comes in it's all about building a new stadium and the profits from that.

I wonder if negotiations over rent renewal etc have gone badly?

[Shaw Rosso]

Patey on BBC Wilts in next ten mins

[Batch]

Wray - very positive noises coming from the club regarding new investment, already well in to talks with interested parties from what he knows. Black has a social responsibility not to just dump us in to administration. The theme seemed to be DONT PANIC

BBC trying to get hold of the illusive Mr Patey

Yes Wray seemed positive which is good as he's got to be closer than most.

Biggest worry that needs to be addressed is regarding the  current monthly (wage) costs, i.e. whether Black has said - "no more money at all" or "current budget is OK, no more money for new players" which is what I until today I thought was the case but now I have no idea.

Is Wray making a comeback, Dicanio and Wray back together. Awesome!! Maybe?

No.

[dave_bambers_right_sock]

Sir William Patey's going to be interviewed in a few minute on BBC Radio Wiltshire

Link here ~~~~>http://www.bbc.co.uk/news/england/wiltshire/

click on listen Live

[Abrahammer]

Is Wray making a comeback, Dicanio and Wray back together. Awesome!! Maybe?

You know the reason why Wray was effectively let go don't you?

[Ardiles]

I'm confused.  (Often happens.)

Chairman: unavailable for comment.
Ex-Chairman: don't panic!

Is Jeremy Wray still involved then?  Or was he speaking in a personal capacity as someone close to Andrew Black?

My understanding has been for some time that the club's debts are 'soft' debts (ie to the owner himself).  Under these circumstances, not really sure what Admin would achieve.  If Andrew Black wanted to write off some of that debt, he could probably sort it before lunchtime.

So much I don't get here, so I'm sitting tight and will try to give all this a wide berth for the next day or two.  In the meantime, Join TrustSTFC!

[BenTheRed]

I'm confused.  (Often happens.)

Chairman: unavailable for comment.
Ex-Chairman: don't panic!

Is Jeremy Wray still involved then?  Or was he speaking in a personal capacity as someone close to Andrew Black?

My understanding has been for some time that the club's debts are 'soft' debts (ie to the owner himself).  Under these circumstances, not really sure what Admin would achieve.  If Andrew Black wanted to write off some of that debt, he could probably sort it before lunchtime.

So much I don't get here, so I'm sitting tight and will try to give all this a wide berth for the next day or two.  In the meantime, Join TrustSTFC!

JW might still be on the board of the holding company?