Jimmy Quinn
Offline
Posts: 15683
|
|
« Reply #2310 on: Thursday, July 1, 2021, 15:36:27 » |
|
Where do you get your information from?
|
|
|
Logged
|
You just gotta keep livin man!
|
|
|
Quagmire
Offline
Posts: 4739
Arthur Fouler
|
|
« Reply #2311 on: Thursday, July 1, 2021, 15:41:47 » |
|
Where do you get your information from?
He’s on the Trust board.
|
|
|
Logged
|
|
|
|
Shrivvy Road
|
|
« Reply #2312 on: Thursday, July 1, 2021, 15:41:58 » |
|
Where do you get your information from?
He is part of the trust, Thanks Jan
|
|
|
Logged
|
|
|
|
Jimmy Quinn
Offline
Posts: 15683
|
|
« Reply #2313 on: Thursday, July 1, 2021, 15:43:24 » |
|
Cheers gents I had no idea so was checking to see it it was another wind up,
|
|
|
Logged
|
You just gotta keep livin man!
|
|
|
Jimmy Quinn
Offline
Posts: 15683
|
|
« Reply #2314 on: Thursday, July 1, 2021, 15:44:13 » |
|
Many thanks for the update
|
|
|
Logged
|
You just gotta keep livin man!
|
|
|
Stef Troll
Offline
Posts: 3155
|
|
« Reply #2315 on: Thursday, July 1, 2021, 15:50:19 » |
|
I’m pretty sure most EFL clubs have an agreement with HMRC that they are allowed to put their players and staff on furlough during this part of the season where no games have been played. I doubt Swindon would not claim furlough.
I’m sure HMRC would claim the money back if they found out any furlough monies claimed in June was not then used to help pay staff and players.
|
|
|
Logged
|
|
|
|
horlock07
Offline
Posts: 18779
Lives in Northern Bastard Outpost
|
|
« Reply #2316 on: Thursday, July 1, 2021, 15:51:35 » |
|
Hi All.. Lots of stupid rumours doing the rounds.. lets put a few of them to bed 1. Power has not got an injunction like the BBC are reporting to stop the sale to Clem. 2. Clem is not holding up the transfer of shares and the process to buy the club from Power. There is only 1 person causing this to slow and its not Clem. 3. We haven't paid wages for June that is correct and under EFL rules we could very likely have a transfer embargo placed on us very soon.
Hope this helps.
Cheers, ears! Just a question (3 actually - sorry) for the Trust and their legal eagles, a) is there nothing to stop Clem getting this back in front of a judge shortly pushing for Power to be held in contempt for lying when he stated in court that he could fund the club till September; b) wasn't Power supposed to provide some info to the Court (and I assume Clem et al) by last Friday, was that court order adhered to. Feel free to ignore if the Trust don't know or can't say. I suppose the thing i don't understand is that Power is now basically flicking the 'v's' at the Court and Clem needs to get this moving on away or the other. Actually there is a c) have the Trust considered working with selected ST holders in putting a claim into the small claims court to get cash back?
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
Offline
Posts: 56192
|
|
« Reply #2317 on: Thursday, July 1, 2021, 15:52:55 » |
|
Hi All.. Lots of stupid rumours doing the rounds.. lets put a few of them to bed 1. Power has not got an injunction like the BBC are reporting to stop the sale to Clem. 2. Clem is not holding up the transfer of shares and the process to buy the club from Power. There is only 1 person causing this to slow and its not Clem. 3. We haven't paid wages for June that is correct and under EFL rules we could very likely have a transfer embargo placed on us very soon.
Hope this helps. yes. yes it does
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
Offline
Posts: 56192
|
|
« Reply #2318 on: Thursday, July 1, 2021, 15:54:03 » |
|
apparently some trust bods will be on BBC Wilts too at 5?
Alexa play BBC Wiltshire
|
|
|
Logged
|
|
|
|
Flashheart
|
|
« Reply #2319 on: Thursday, July 1, 2021, 15:54:34 » |
|
Cheers, ears!
Just a question (3 actually - sorry) for the Trust and their legal eagles,
a) is there nothing to stop Clem getting this back in front of a judge shortly pushing for Power to be held in contempt for lying when he stated in court that he could fund the club till September;
b) wasn't Power supposed to provide some info to the Court (and I assume Clem et al) by last Friday, was that court order adhered to.
Again, you're on the same wavelength as I am. I would not be surprised to see another hearing some time next week.
|
|
|
Logged
|
|
|
|
Audrey
Offline
Posts: 19750
?Absolute Calamity!?
|
|
« Reply #2320 on: Thursday, July 1, 2021, 15:55:43 » |
|
I still don’t understand the delay. The court hearings were there to prevent Power selling to Able and/or putting the club in admin. There was nothing in these hearings linking the sale of the shares in the club with any outstanding debts. It seemed a simple final solution - Power must sell to Axis for £212,500. If he is now ordered to do so by the judge the matter of settling debts will be sorted post sale.
Unless I missed something the judge didn’t rule the sale must also include the settling of debts.
|
|
« Last Edit: Thursday, July 1, 2021, 15:57:21 by The Artist Formerly Known as Audrey »
|
Logged
|
|
|
|
Batch
Not a Batch
Offline
Posts: 56192
|
|
« Reply #2321 on: Thursday, July 1, 2021, 16:00:46 » |
|
surely though, inherent the club, inherit the debts.
I wouldn't want to take something on with unbounded liability. not saying the same is true of Clem though
|
|
|
Logged
|
|
|
|
Briggany
Offline
Posts: 129
|
|
« Reply #2322 on: Thursday, July 1, 2021, 16:04:12 » |
|
The BBC has amended the article now to say:
"Minority shareholder Clem Morfuni has been trying to buy Swindon and has been backed by the club's supporters' trust.
But a court injunction is in place to stop Power from putting the club into administration amid a legal case over who is able to buy the club."
|
|
|
Logged
|
|
|
|
BambooToTheFuture
Offline
Posts: 10206
I'll Tell Ya Now - McGurk Is The New Graham
|
|
« Reply #2323 on: Thursday, July 1, 2021, 16:04:28 » |
|
apparently some trust bods will be on BBC Wilts too at 5?
Alexa play BBC Wiltshire
BBC Wilts currently playing "The Sweet Escape"...maybe BBC Wilts is PowerUP!
|
|
|
Logged
|
'Incessant Nonsense' ______________________________________________________________
'I'm gonna tell you the secret. There's a threat, you end it and you don't feel ashamed about enjoying it. You smell the gunpowder and you see the blood, you know what that means? It means you're alive. You've won. You take the heads so that you don't ever forget.'
|
|
|
Audrey
Offline
Posts: 19750
?Absolute Calamity!?
|
|
« Reply #2324 on: Thursday, July 1, 2021, 16:04:40 » |
|
Well, yes. But the judge didn’t link the sale with any debt settling. It was purely - Power must sell to Axis. If ordered to do so next week, he must adhere and sort out the debts afterwards. I’m presuming the judge means straight away if he orders a sale - not in a few weeks after you’ve sorted out the debts.
|
|
|
Logged
|
|
|
|
|