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Author Topic: Lee Power  (Read 544678 times)
RobertT

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« Reply #2790 on: Wednesday, July 7, 2021, 17:13:54 »

Gotta love bamboo.

I would be interested to know what the trust regards as due diligence in these circumstances and how this compares with the due diligence that might be undertaken by the EFL.

No, you wouldn't, would you.
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JBZ
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« Reply #2791 on: Wednesday, July 7, 2021, 17:16:10 »

No, you wouldn't, would you.

Honestly, I would.
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RobertT

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« Reply #2792 on: Wednesday, July 7, 2021, 17:20:55 »

Honestly, I would.

How would it help you in life?

Here is the EFL rule on the matter:

https://www.efl.com/-more/governance/efl-rules--regulations/appendix-3---owners-and-directors-test/

Basically, so long as he'd get a passport he should be OK according to them.

Here is the Trust effort:

https://truststfc.tv/axis-group-due-diligence-by-truststfc/

Enlighten us......
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JBZ
Not as likeable as Reg was, a fencesitting WUM

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« Reply #2793 on: Wednesday, July 7, 2021, 17:31:57 »

How would it help you in life?

Here is the EFL rule on the matter:

https://www.efl.com/-more/governance/efl-rules--regulations/appendix-3---owners-and-directors-test/

Basically, so long as he'd get a passport he should be OK according to them.

Here is the Trust effort:

https://truststfc.tv/axis-group-due-diligence-by-truststfc/

Enlighten us......

Thanks for this. I had a quick scan I am not sure that all of the relevant material is found in appendix 3 but I will have a look in due course.
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tans
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« Reply #2794 on: Wednesday, July 7, 2021, 18:35:04 »

Club officially under embargo

https://www.efl.com/-more/governance/embargoes

Quote
Swindon Town

Regulation 16.2 - Failure to provide audited annual accounts

Regulation 16.3 - Annual Accounts not filed with Companies House

Regulation 17 - Defaults in payments to HMRC

Article 48 - Non-payment to Football Creditors

Rule 10.1 of League Two Salary Cap Management Protocol - Failure to submit SCMP Calculation
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horlock07

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« Reply #2795 on: Wednesday, July 7, 2021, 19:11:42 »

It's like he is gathering evidence to show he  actually can't afford to fund the club and that shockerooney he bullshitted in court.

Sent from my SM-A125F
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Batch
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« Reply #2796 on: Wednesday, July 7, 2021, 19:43:57 »

HMRC coming knocking next then
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tans
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« Reply #2797 on: Wednesday, July 7, 2021, 19:47:57 »

Defaults makes me think a payment plan was arranged and he still hasnt paid it.

Still, he’s lived alright the past year hasnt he
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Wobbly Bob

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« Reply #2798 on: Wednesday, July 7, 2021, 19:48:42 »

The longest rap sheet of the clubs listed, even more than Derby.  No

I know that a prospective buyer of a company inherits the liabilities as well, but could Clem pick up the payments to HMRC & football creditors for example & then just deduct that from the "legitimate" debt owed to Power?
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Why don't you knock it off with them negative waves? Why don't you dig how beautiful it is out here? Why don't you say something righteous and hopeful for a change?
Crap!
Loobug

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« Reply #2799 on: Wednesday, July 7, 2021, 20:08:47 »

“Look Shawn I’ve got loads of money” whilst waving in the air wads of Monopoly money.
Something like that.
I often wonder what William Patey is doing now.
Sir William works for a consultancy where I just finished up. He’s a QPR fan but keeps an eye on Swindon’s results. I had the pleasure of chatting to him about his time at Swindon a few times. Nice chap.
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horlock07

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« Reply #2800 on: Wednesday, July 7, 2021, 20:17:00 »

The longest rap sheet of the clubs listed, even more than Derby.  No

I know that a prospective buyer of a company inherits the liabilities as well, but could Clem pick up the payments to HMRC & football creditors for example & then just deduct that from the "legitimate" debt owed to Power?
Like so much, the optimist in me wonders whether these things have come up in due diligence and Clem has shopped Power...

Sent from my SM-A125F
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Ardiles

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« Reply #2801 on: Wednesday, July 7, 2021, 20:18:08 »

Some wag used to keep calling him 'Sir Patey', which I always found amusing.  Seemed a very odd fit at the time.
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Bob's Orange
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« Reply #2802 on: Thursday, July 8, 2021, 09:31:25 »

Regulation 16.2 - Failure to provide audited annual accounts

Regulation 16.3 - Annual Accounts not filed with Companies House

Regulation 17 - Defaults in payments to HMRC

Article 48 - Non-payment to Football Creditors

Rule 10.1 of League Two Salary Cap Management Protocol - Failure to submit SCMP Calculation

Clem has quite the mess to resolve here doesn't he?
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
Flashheart

« Reply #2803 on: Thursday, July 8, 2021, 09:32:54 »

I'd hazard a guess that he has a lot of it more or less 'sorted' already just waiting to be signed.
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Jimmy HaveHave

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« Reply #2804 on: Thursday, July 8, 2021, 09:35:43 »

Regulation 16.2 - Failure to provide audited annual accounts

Regulation 16.3 - Annual Accounts not filed with Companies House

Regulation 17 - Defaults in payments to HMRC

Article 48 - Non-payment to Football Creditors

Rule 10.1 of League Two Salary Cap Management Protocol - Failure to submit SCMP Calculation

Clem has quite the mess to resolve here doesn't he?

Just over 4 weeks to the start of season and the likes of Bristol City are into their eleventh day of pre-season training. The clock really is ticking......
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So, give no fucks
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