JBZ
Not as likeable as Reg was, a fencesitting WUM
 Offline
Posts: 3264
Allegedly, not a Swindon Town supporter
|
 |
« Reply #345 on: Friday, February 5, 2021, 21:52:51 » |
|
Agreed, declining such an offer will inevitably raise questions
|
|
|
|
|
Logged
|
Nothing to see here
|
|
|
The Artist Formerly Known as Audrey
Offline
Posts: 19341
?Absolute Calamity!?
|
|
« Reply #346 on: Saturday, February 6, 2021, 07:46:57 » |
|
I know people are dubious about the supposed value of the club, but it is about right if you take Clem’s £1.1m for 15%.
That was, of course, then. Presume since Covid that valuation has plummeted. I think Wigan, who are in the process of being sold, are valued at only £3m. But that’s buying out of Admin.
Buying STFC - what would you actually be getting for your money?
|
|
|
|
|
Logged
|
|
|
|
Legends-Lounge
Offline
Posts: 8212
Non PC straight talking tory Brexit voter on this
|
|
« Reply #347 on: Saturday, February 6, 2021, 08:21:40 » |
|
I heard he was sniffing around the Nigel eady money when it was available, and the executors of his estate told Power to fuck off
Spooky. I was thinking of the trust fund money yesterday (Friday) and thought I bet he’d have tried to get his mitts on some if not all of it with the same results. 🤣 |
|
|
|
|
Logged
|
|
|
|
Legends-Lounge
Offline
Posts: 8212
Non PC straight talking tory Brexit voter on this
|
|
« Reply #348 on: Saturday, February 6, 2021, 08:23:41 » |
|
But this was a 'no strings attached' offer.
And how would Standing and Barry perceive this generous offer? |
|
|
|
|
Logged
|
|
|
|
JBZ
Not as likeable as Reg was, a fencesitting WUM
Offline
Posts: 3264
Allegedly, not a Swindon Town supporter
|
|
« Reply #349 on: Saturday, February 6, 2021, 08:33:14 » |
|
And how would Standing and Barry perceive this generous offer?
Dunno but I am not sure that matters |
|
|
|
|
Logged
|
Nothing to see here
|
|
|
TheDukeOfBanbury
Offline
Posts: 4000
|
|
« Reply #350 on: Saturday, February 6, 2021, 08:43:06 » |
|
Spooky. I was thinking of the trust fund money yesterday (Friday) and thought I bet he’d have tried to get his mitts on some if not all of it with the same results. 🤣
The term rob from your own grand mother comes to mind. He is now being exposed to what he is all about. |
|
|
|
|
Logged
|
|
|
|
Peter Venkman
We don't need no stinking badges.
Offline
Posts: 59266
Back Off Man, I’m A Scientist.
|
|
« Reply #351 on: Saturday, February 6, 2021, 10:24:16 » |
|
The term rob from your own grand mother comes to mind.
He is now being exposed to what he is all about.
It will all come out eventually I am sure when he is long gone from the premises. |
|
|
|
|
Logged
|
Only a fool does not know when to hold his tongue.
|
|
|
flammableBen
Offline
Posts: 1598
|
|
« Reply #352 on: Saturday, February 6, 2021, 15:53:41 » |
|
At the height of being *genuinely* skint, Jimmy Quinn played up front with Alan Young (admittedly with Michael Carrick tucked in behind). We’re signing players - and we hardly signed anyone that season.
Was a season before Alan Young started getting off the bench. You're thinking of Quinn suring up the unstopable strikeforce of Charlie Griffin, Grazioli, and future Wimbledon superstar Wayne Gray. Not that it really takes away from your point. |
|
|
|
|
Logged
|
|
|
|
|
That Nestor Lorenzo Heade
|
|
« Reply #353 on: Saturday, February 6, 2021, 19:59:34 » |
|
Any mention of fan ownership will get The Nestor Lorenzo Heade going again.
 |
|
|
|
|
Logged
|
|
|
|
The Grim Reaper
Offline
Posts: 1728
|
|
« Reply #354 on: Sunday, February 7, 2021, 11:12:05 » |
|
Can a consortium legally force a takeover bid if they had funds? For example I’m led to believe we have 4,000 ST holders give or take, instead of them renewing for next season why not pay the ST money into The Trust instead? Would quickly raise £1M-£1.5M I would have thought and could be a way to rid the club of Power and start again with Trust/fan ownership.
|
|
|
|
|
Logged
|
|
|
|
horlock07
Offline
Posts: 18726
Lives in Northern Bastard Outpost
|
|
« Reply #355 on: Sunday, February 7, 2021, 11:37:30 » |
|
Can a consortium legally force a takeover bid if they had funds? For example I’m led to believe we have 4,000 ST holders give or take, instead of them renewing for next season why not pay the ST money into The Trust instead? Would quickly raise £1M-£1.5M I would have thought and could be a way to rid the club of Power and start again with Trust/fan ownership.
As the club is ultimately a Ltd company I recall that you can take it private by forcing people to sell shares but from recollection the trigger is very high (I.e. you have to own 75% of shares (I think its actually more than that but can't be arsed to look) to force others to accept your offer so no hope here. One thing could be interesting if the Trust could get into bed with standing and Clem, I know they have links with Clem but be interested to know if they have tried to speak with Standing? Sent from my SM-A125F |
|
|
|
|
Logged
|
|
|
|
swindonmaniac
Offline
Posts: 3834
|
|
« Reply #356 on: Sunday, February 7, 2021, 11:56:32 » |
|
As the club is ultimately a Ltd company I recall that you can take it private by forcing people to sell shares but from recollection the trigger is very high (I.e. you have to own 75% of shares (I think its actually more than that but can't be arsed to look) to force others to accept your offer so no hope here.
One thing could be interesting if the Trust could get into bed with standing and Clem, I know they have links with Clem but be interested to know if they have tried to speak with Standing?
Sent from my SM-A125F
There was a meeting of the trust a couple of days ago and was said a statement would be made early next week. Hopefully something in the offing. |
|
|
|
|
Logged
|
Life is a Rollercoaster - Just gotta ride it.
|
|
|
ThreeDrawsMentality
Offline
Posts: 677
|
|
« Reply #357 on: Sunday, February 7, 2021, 11:56:54 » |
|
If the Trust was able to acquire shares from an existing party, it could be possible to push the club in to receivership in the same manner Luton Town supporters did in the early 2000's to oust Andrew Gurney, who was destroying their club. It can be watched in a documentary on YouTube, I'm sure it's called 'Trouble at the top'. Unsurprisingly, Lee Power was rumoured to be an associate of Andrew Gurney...
|
|
|
|
|
Logged
|
|
|
|
Jimmy HaveHave
Offline
Posts: 15145
|
|
« Reply #358 on: Sunday, February 7, 2021, 12:02:26 » |
|
As the club is ultimately a Ltd company I recall that you can take it private by forcing people to sell shares but from recollection the trigger is very high (I.e. you have to own 75% of shares (I think its actually more than that but can't be arsed to look) to force others to accept your offer so no hope here.
One thing could be interesting if the Trust could get into bed with standing and Clem, I know they have links with Clem but be interested to know if they have tried to speak with Standing?
Sent from my SM-A125F
What's Powers actual stake in the club? |
|
|
|
|
Logged
|
So, give no fucks
|
|
|
swindonmaniac
Offline
Posts: 3834
|
|
« Reply #359 on: Sunday, February 7, 2021, 12:04:21 » |
|
What's Powers actual stake in the club?
Isn't that what the court case is all about ?. |
|
|
|
|
Logged
|
Life is a Rollercoaster - Just gotta ride it.
|
|
|
|
