Lee Power

[Jimmy HaveHave]

Where do you get your information from?

[Quagmire]

Where do you get your information from?

He’s on the Trust board.

[Shrivvy Road]

Where do you get your information from?

He is part of the trust, Thanks Jan

[Jimmy HaveHave]

Cheers gents I had no idea so was checking to see it it was another wind up,

[Jimmy HaveHave]

Many thanks for the update

[Stef Troll]

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.

[horlock07]

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?

[Batch]

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

[Batch]

apparently some trust bods will be on BBC Wilts too at 5?

Alexa play BBC Wiltshire

[Flashheart]

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.

[The Artist Formerly Known as Audrey]

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.

[Batch]

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

[Briggany]

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."

[BambooToTheFuture]

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! 

[The Artist Formerly Known as Audrey]

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.