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Author Topic: Clem Morfuni?  (Read 21382 times)
Peter Venkman

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« Reply #45 on: Thursday, July 18, 2019, 09:59:22 »

Power said in an interview just around the season started that he was still around and still going to invest in the club via sponsorship, that was only about 3 or 4 weeks back so its not actually that quiet regarding him.

Looks like my previous post came true.

Albeit nearly 2 years slow!
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Thingie

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« Reply #46 on: Thursday, June 18, 2020, 12:43:36 »

Oh... Guess he won't be investing if power up sticks then

https://www.constructionenquirer.com/2020/06/18/london-specialist-axis-me-goes-bust/
« Last Edit: Thursday, June 18, 2020, 12:46:08 by Batch » Logged
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« Reply #47 on: Thursday, June 18, 2020, 12:46:01 »

loz. was just about to post that.

I've heard on the grapevine that he wants his money back. Not sure how that would work. Surely he'd just have to wait for a buyer for his shares?
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Thingie

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« Reply #48 on: Thursday, June 18, 2020, 12:46:44 »

loz. was just about to post that.

I've heard on the grapevine that he wants his money back. Not sure how that would work. Surely he'd just have to wait for a buyer for his shares?

I guess he does.

But he hasn't got his shares..
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RobertT

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« Reply #49 on: Thursday, June 18, 2020, 12:48:40 »

Sounds like a retreat from the UK market more than a financial issue given the sparse facts presented - not least that the debt is all owed to the parent company in Australia.
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« Reply #50 on: Thursday, June 18, 2020, 12:50:57 »


But he hasn't got his shares..

I get the impression that it is just a matter of paperwork.
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Quagmire

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« Reply #51 on: Thursday, June 18, 2020, 12:52:28 »

Can you imagine the outrage if a company Power had connections with went bust?
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Peter Venkman

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« Reply #52 on: Thursday, June 18, 2020, 12:55:16 »

Can you imagine the outrage if a company Power had connections with went bust?

I am imagining it now...yep doesnt bear imagining!

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Because I chose to play the fool in a six-piece band
First-night nerves every one-night stand
I should be glad to be so inclined
What a waste! What a waste!
Rock n Roll don't mind.
The Artist Formerly Known as Audrey

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« Reply #53 on: Thursday, June 18, 2020, 12:55:29 »

Can you imagine the outrage if a company Power had connections with went bust?

You mean the shed load that went kaput before he bought us?
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Quagmire

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« Reply #54 on: Thursday, June 18, 2020, 12:56:53 »

You mean the shed load that went kaput before he bought us?

Before, yes....  but if it happened whilst he was our owner, people would assume the apocalypse was about to start and it was the end of STFC.
Clem messages them all back on Facebook though and seems a nice bloke so itís fine.
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Peter Venkman

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« Reply #55 on: Thursday, June 18, 2020, 12:57:37 »

You mean the shed load that went kaput before he bought us?
Emphasis on before?
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Because I chose to play the fool in a six-piece band
First-night nerves every one-night stand
I should be glad to be so inclined
What a waste! What a waste!
Rock n Roll don't mind.
The Artist Formerly Known as Audrey

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« Reply #56 on: Thursday, June 18, 2020, 13:00:41 »

Well, yes. I looked into his previous when he took over. Off the top of my head it was around double figures - may be more.

I think thatís what raised so many alarm bells with fans.
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Thingie

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« Reply #57 on: Thursday, June 18, 2020, 13:05:50 »

Quote from: Quagmire
Can you imagine the outrage if a company Power had connections with went bust?

more worried about exactly how solvent be actually is tbh, given the standing/USA investor links even before coronavirus hit.

was hoping  Clem/the trust would short term step in if power suddenly goes

Guess we'll just  have to see what other options there are if that time comes
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Thingie

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« Reply #58 on: Thursday, June 18, 2020, 13:06:51 »

Quote from: The Artist Formerly Known as Audrey
Well, yes. I looked into his previous when he took over. Off the top of my head it was around double figures - may be more.

I think thatís what raised so many alarm bells with fans.

partly + his previous associations with clubs hadn't gone well
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Peter Venkman

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« Reply #59 on: Thursday, June 18, 2020, 13:08:10 »

Well, yes. I looked into his previous when he took over. Off the top of my head it was around double figures - may be more.

I think thatís what raised so many alarm bells with fans.
There is no doubt that the alarm bells were ringing wildly when we heard of Powers ownership.

Not a great track record although I only know of 1 bankruptcy, I don't know of any others but I am not denying there could well be a few although 10 may be an inflated figure.

We only went on what fans of other clubs had told us, Cambridge, Rushden & Diamonds etc.

If we had listened to fans of other clubs we would never have appointed Wellens as Oldham fans have little good things to say about him...and look how thats turned out so far.
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Because I chose to play the fool in a six-piece band
First-night nerves every one-night stand
I should be glad to be so inclined
What a waste! What a waste!
Rock n Roll don't mind.
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