New beginnings - 25% Truth, 80% Bollocks

[Mooneyraker]

Hearing Rich reading out the Clem statement is quite something. Absolute unvarnished nonsense. The wikipedia entry that was the section on the history of insolvency in football is astonishing bullshit. Laughable.

[Bob's Orange]

Yes but in the 2nd season we had extra transfer fee income from Garner and Lindseys departures, Gladwin, Reed and a substantial fee for McKirdy as well as the City cup game.

This season we gained a fee for Iandolo, Darcy and Lavinier already too, which must go some way to paying off any shortfall.

And Wakeling.

[theakston2k]

Yes but in the 2nd season we had extra transfer fee income from Garner and Lindseys departures, Gladwin, Reed and a substantial fee for McKirdy as well as the City cup game.

This season we gained a fee for Iandolo, Darcy and Lavinier already too, which must go some way to paying off any shortfall.

I’ve said it before but we need to understand what the £2.4m admin expenses line in the accounts includes. It’s a big figure and increased by almost £1m between 2021 and 2022 accounts. Admin expenses was the method used by Diamandis to siphon money out of the club, not saying that’s happening here but it is a big and ambiguous lump of money.

[Peter Venkman]

And Wakeling.

Ah yes I forgot him.

[The Artist Formerly Known as Audrey]

So, in ‘normal’ trading were just about fine. We can pay wages, usual month to month bills, utilities, VAT, HMRC etc.

Cup ties, player sales would be the icing on top.

[DiV]

Let’s not forget player sales will hardly ever be the entire fee upfront.
Hypothetically we might get more for Wakeling next season…

Same as signing players / paying off managers I suppose.

[Mooneyraker]

Let’s not forget player sales will hardly ever be the entire fee upfront.
Hypothetically we might get more for Wakeling next season…

Same as signing players / paying off managers I suppose.

Clem has already borrowed against future transfer payments.

[UTR]

Let’s not forget player sales will hardly ever be the entire fee upfront.
Hypothetically we might get more for Wakeling next season…

Same as signing players / paying off managers I suppose.

Usually true but I seem to remember a article coming out about us signing up to something where we get the full fee up front from another company and send the future transfer payments we get from the buying club to that company or something like that.

I’m not sure of the exact details so could have that wrong but do seem to remember it being addressed on the radio as well.

[Mooneyraker]

Is it conceivable that we end up with two concurrent ownership court cases?

Power vs Standing
Clem vs Standing/Britain’s Most Wanted/Wives of Wiltshire

It’s a fucking nightmare scenario.

[ThreeDrawsMentality]

Usually true but I seem to remember a article coming out about us signing up to something where we get the full fee up front from another company and send the future transfer payments we get from the buying club to that company or something like that.

I’m not sure of the exact details so could have that wrong but do seem to remember it being addressed on the radio as well.

That's it. Definitely the case for some deal(s) that Angus confirmed. Is listed down as a charge on companies house.

Which again puts a further spotlight on cashflow issues.

[Benzel]

I am so over supporting this fucking club. Sick of it.

[Hyabb17]

That's it. Definitely the case for some deal(s) that Angus confirmed. Is listed down as a charge on companies house.

Which again puts a further spotlight on cashflow issues.

Think they ''factored'' Scott Twine's money - or some of it anyway.

[ThreeDrawsMentality]

I am so over supporting this fucking club. Sick of it.

This is where I'm at as well, so indifferent and ambivalent to it now. Absolutely desperate for a clean start.

[The Artist Formerly Known as Audrey]

Got to differentiate between the club and the owners.

[Mooneyraker]

I honestly think this feels worse than Power now. The Trust absolutely absent and compromised, Power never got his hands on the ground, months until January with a playing squad on their knees, staff not being paid (don't think that happened until the denouement with LP did it?), ownership arguably more tangled than ever, sinking any hope of a swift takeover. He remains the worst owner in our history (for now...) but Power was at least 'football savvy.' Clem seemingly isn't good at... anything. It really is end of days stuff. I'm fearful for the future of the club. We should absolutely never have entered into a labyrinthine ground agreement with Clem Morfuni and that isn't said as Captain Hindsight. It stank that it was considered with Power and it is no less of a mistake that we've done it with Clem.