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Author Topic: Morfuni investing heavily in STFC  (Read 6405 times)
Ardiles


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« Reply #30 on: Thursday, July 18, 2019, 10:13:07 »

We need something like this.  Off the pitch, things have been moribund for some time.  We need a shake up.  Let's roll the dice.

Worryingly, 'moribund' is almost an anagram of Morfuni - but I'll let that go.
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Reg Smeeton
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« Reply #31 on: Thursday, July 18, 2019, 10:18:09 »

We need something like this.  Off the pitch, things have been moribund for some time.  We need a shake up.  Let's roll the dice.

Worryingly, 'moribund' is almost an anagram of Morfuni - but I'll let that go.

It is however an anagram of uniform....
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Nemo
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« Reply #32 on: Thursday, July 18, 2019, 10:18:53 »

Clem Morfuni is an actual anagram of 'Confirm Mule' or 'Corn Life Mum', if you'd prefer?
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pauld


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« Reply #33 on: Thursday, July 18, 2019, 10:39:34 »

Cheesy exactly, I wouldn't say this will disrupt anything, quite the opposite.
Of course the investment won't. But if this is the opening shots in another boardroom power struggle, that might not be quite such good news. I'm not suggesting that is the case, but the way the story is framed makes me uneasy. Hopefully, that's just PDSD (Post-Diamandis Stress Disorder)
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wheretherealredsare
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« Reply #34 on: Thursday, July 18, 2019, 10:42:58 »

Clem Morfuni is an actual anagram of 'Confirm Mule' or 'Corn Life Mum', if you'd prefer?

And not far from "more funding"
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Peter Venkman


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« Reply #35 on: Thursday, July 18, 2019, 10:53:22 »

Of course the investment won't. But if this is the opening shots in another boardroom power struggle, that might not be quite such good news. I'm not suggesting that is the case, but the way the story is framed makes me uneasy. Hopefully, that's just PDSD (Post-Diamandis Stress Disorder)
I understand that we don't know but just for once can we look at the positives?

Not aimed at you, but at this stage I am looking at any financial investment as being good for the team on the pitch, which is what matters most.

Another anagram which could be relevant is mm flouncier.

or nomm lucifer.

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pauld


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« Reply #36 on: Thursday, July 18, 2019, 10:58:03 »

I understand that we don't know but just for once can we look at the positives?
Yup! As PP says, not a coincidence that he has put in (or claims to have) £1.1m, the club's share of the ground purchase cost and is proposing to put in the same sum again. Hopefully this is a sign of things moving on the ground purchase
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horlock07


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« Reply #37 on: Thursday, July 18, 2019, 11:05:36 »

I understand that we don't know but just for once can we look at the positives?

Not aimed at you, but at this stage I am looking at any financial investment as being good for the team on the pitch, which is what matters most.

Another anagram which could be relevant is mm flouncier.

or nomm lucifer.



I don't read too much into the fact that club are not commenting, they don't comment on anything most of the time (which everyone has moaned about for years) so its basically following form.

Watch things develop over the next few days I reckon.
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The Artist Formerly Known as Audrey


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« Reply #38 on: Thursday, July 18, 2019, 11:06:34 »

Are these sums mentioned in the article money he has already put in or money he will put in - especially the £700,000 for players and staff?

I canít imagine we have £700,000 sloshing around somewhere just waiting for the right player to pop up.
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horlock07


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« Reply #39 on: Thursday, July 18, 2019, 11:14:40 »

Had a quick look on CH and nothing shows up, however this is really a wall of shame...

https://beta.companieshouse.gov.uk/company/00053100/officers

I didn't know that Sangita had gone?
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Peter Venkman


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« Reply #40 on: Thursday, July 18, 2019, 11:17:17 »

Had a quick look on CH and nothing shows up, however this is really a wall of shame...

https://beta.companieshouse.gov.uk/company/00053100/officers

I didn't know that Sangita had gone?
I am pretty sure it was announced quite a while back that she had left her post at the club, well over a year ago I think.

EDIT. here.

https://www.swindontownfc.co.uk/news/2017/july/sangita-shah-departs-town/
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pauld


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« Reply #41 on: Thursday, July 18, 2019, 11:36:57 »

Are these sums mentioned in the article money he has already put in or money he will put in - especially the £700,000 for players and staff?

I canít imagine we have £700,000 sloshing around somewhere just waiting for the right player to pop up.
So the article says he has put in £1.1m for a 15% stake in the club. Plus a further £500k "invested in sponsorship and financial support to address the clubís operating losses". That's what's gone in so far. Still to come is a further £1.1m to enable the CG purchase plus £700k for players. I worry that these are carrots being dangled with an implied threat of withdrawal if his 15% isn't confirmed.
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Samdy Gray
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« Reply #42 on: Thursday, July 18, 2019, 11:44:20 »

The question is, who's valuing the club at over £7 million?!
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pauld


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« Reply #43 on: Thursday, July 18, 2019, 11:50:07 »

The question is, who's valuing the club at over £7 million?!
Morfuni is, at least. Maybe that's why he's gone public with a "claim" to have taken a 15% stake, perhaps there is a dispute about the valuation. i.e. not so much as Bill Power-style dispute as to the nature of the investment (loan vs shareholding) as to how much that would buy him. If he values the club at £7m and Power sees it as £11m, then that would be 10% v 15%. Or maybe it's just Morfuni sharing the good news of further largesse to come
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Panda Paws
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« Reply #44 on: Thursday, July 18, 2019, 11:50:55 »

The question is, who's valuing the club at over £7 million?!

Morfuni and Power are - if he's paid what is reported and is getting what is reported.
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