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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 1227402 times)
The Artist Formerly Known as Audrey

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« Reply #6285 on: Tuesday, September 19, 2023, 21:04:17 »

The Trust statement said implicitly it was Power and Curran.
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Mooneyraker

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« Reply #6286 on: Tuesday, September 19, 2023, 21:05:17 »

He has some, but he's also in business with Barry - their family links in the business world seem quite entrenched.  I think Standing's wife was a Director of a company that seemed to act solely for the purpose of managing Louie Barry's finances for example.

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Quagmire

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« Reply #6287 on: Tuesday, September 19, 2023, 21:05:44 »

As did the Advisory Board minutes.
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The Artist Formerly Known as Audrey

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« Reply #6288 on: Tuesday, September 19, 2023, 21:06:07 »

Gareth Barry
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RobertT

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« Reply #6289 on: Tuesday, September 19, 2023, 21:07:30 »

Gareth Barry

What about him?  Business partner of Standing's, their combined families are entangled in a lot of different business.  Nothing dodgy about that, not that any digging has been done.
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Mooneyraker

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« Reply #6290 on: Tuesday, September 19, 2023, 21:08:43 »

What about him?  Business partner of Standing's, their combined families are entangled in a lot of different business.  Nothing dodgy about that, not that any digging has been done.

You said Louie... little lad on loan from Villa under Garner. Unless he's under the Scooby Doo mask with all that Barca money of his...?!
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RobertT

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« Reply #6291 on: Tuesday, September 19, 2023, 21:09:01 »

As did the Advisory Board minutes.

It doesn't mention by actual name though, does it?  Again it matters not, really.  The Debentures existed, the public record had them at over 2m and previous ownership changes had made it clear that they were due to be repaid on the sale of the club, or any other significant asset trade.  Clem got lucky nobody asked for them in 2021.
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RobertT

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« Reply #6292 on: Tuesday, September 19, 2023, 21:09:32 »

You said Louie... little lad on loan from Villa under Garner. Unless he's under the Scooby Doo mask with all that Barca money of his...?!

Yes - Standing's wife has an interest in a business set-up for Louie Barry.
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Mooneyraker

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« Reply #6293 on: Tuesday, September 19, 2023, 21:10:11 »

Yes - Standing's wife has an interest in a business set-up for Louie Barry.

My head hurts... What's Bradley up to!?
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The Artist Formerly Known as Audrey

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« Reply #6294 on: Tuesday, September 19, 2023, 21:12:51 »

As I remember it either/or Barry/Standing put £6m into STFC. What the terms were for getting a return in that are, surprise surprise, somewhat unclear. Cut off the profits on player sales but even that with players sold wouldn’t pay back the £6m.

Power said it was Barry’s money, Barry said it was Standing’s. Either way it was against FA rules. When Clem bought the club off Power for £212,500 obviously Standing/Barry wanted their original £6m back. He/they have to try and get it back directly from Power so no blow back for the club there.

The outcome of the trial will then give guidance to the FA as to what rules were broken and by whom.

The club’s defence is ‘I didn’t know anything as nobody told me what was going on’. Not sure how much credence the FA will give to that.
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tans
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« Reply #6295 on: Tuesday, September 19, 2023, 21:14:32 »

My head hurts... What's Bradley up to!?

Dunno, but that was all Agombar and Curran-esque too
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The Artist Formerly Known as Audrey

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« Reply #6296 on: Tuesday, September 19, 2023, 21:14:54 »

I’ve never heard that Louis Barry’s name has come up before.
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The Artist Formerly Known as Audrey

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« Reply #6297 on: Tuesday, September 19, 2023, 21:18:59 »

Something is weird. When I read the Trust statement it definitely mentioned Power and Curran - now it doesn’t.
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Mooneyraker

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« Reply #6298 on: Tuesday, September 19, 2023, 21:19:53 »

Hard to believe that this shit goes back 10 years...

https://www.thesun.co.uk/sport/football/1675669[/nobbc]0/gareth-barry-fa-charge-swindon-deal/]https://www.thesun.co.uk/sport/football/16756690/gareth-barry-fa-charge-swindon-deal/

IN THE DOCK Gareth Barry charged by FA over secret deal to buy stake in Swindon – and could be banned from working in football

EX-ENGLAND star Gareth Barry has been charged by the FA over an alleged secret deal to buy a half stake in Swindon Town.

The former Manchester City and Aston Villa hero could face a ban from working in football if the case goes against him.

Gareth Barry was with Everton at the time of his alleged attempt to invest in Swindon TownCredit: AP:Associated Press
Barry, 40, faced no action seven months ago when the League Two outfit, ex-chairman Lee Power and Barry’s agent Michael Standing were rapped by the FA.

But behind the scenes football’s ruling body have investigated claims made in court by Power that Barry stumped up £800,000 to buy into Swindon in 2013.

Barry has denied investing in Swindon or agreeing to a deal with Power.

At the time he was playing for Everton and such an investment would have breached FA club ownership rules.

The FA said in a statement: “It is alleged that Gareth Barry also breached Intermediary Regulations in relation to the ownership and/or funding of Swindon Town FC.

“Swindon Town FC, Lee Power, First Touch Pro Management, Michael Standing and Gareth Barry all have until Wednesday 1 December 2021 to respond."

Standing claimed Barry, while he was playing at Everton eight years ago, leant him the money to land a half-share in the Wiltshire outfit.

But Power insisted during a High Court wrangle with Standing that the money had come directly from Barry, whose 653 Premier League appearances is a record,

The hearing was also told a further £6m had been pumped into Swindon after the illicit deal, with Standing claiming to be owed a staggering £7.5m.

Former midfielder Standing - who joined Villa on the same day at Barry in 1998 -  and his company First Touch Pro Management were charged in April with breaching Intermediaries Reg E4, relating to  owning/seeking to own Swindon Town Football Club.

Power and Swindon were charged over FA Rule E1.2 and E9 (agreement to breach rules/regs) in having an agreement for Standing and First Touch to have an interest in Swindon (contrary to Intermediaries Reg - E4).

Those charges could see Standing and Power face bans and fines, while Swindon could be deducted points.

Now the FA have charged Barry over what they believe could be a conspiracy to hide the financial arrangements of the deal to get a 50 per cent stake in Robins.

Former Aston Villa, Manchester City, Everton and West Brom stalwart Barry announced his retirement as a player on August 27 last year.

Following his retirement Barry moved into punditry, working for the BBC and Sky Sports. But since the Swindon allegations he has been absent from screens and such is the seriousness of the charges he looks unlikely to be employed while the rap hangs over him.

The FA could hand Barry - who was capped 53 times by England and skippered his country against Ghana ten years ago - a ban which will ensure he does not work in football.

Former Norwich striker Power made the amazing claims about Barry in the High Court in May of last year.

A meeting was said to have been held at Barry’s house in March 2013. Power insisted Barry knew full well he would be breaking FA rules by buying a stake in Swindon.

The same applied to Standing, as he was a football agent, with both sure to fail the “fit and proper test”.

So they came up with an oral deal with the idea that Power “would sell his shares in the club in around five years’ time after he hoped to have turned around its fortunes and would share the profits arising from any increase in the value of Swindon with Barry, in exchange for Barry providing funds”.

Losses at the club would be funded 50-50 by Barry and Power and the pair would also share equally any profits on player sales.

Power also claimed Barry insisted on going to great lengths to keep his involvement secret.

“As part of his determination to keep it confidential, not only did Barry say that he wished to provide the funding through corporate vehicles, but because they were associated with him he did not want the funding to be provided directly to the club.

“Instead they requested the defendant [Power] provide the banking details for his personal account and the account of a company owned by him, Power Bloodstock Ltd, into which the funding payments could be made, and from which the defendant [Power] could transfer them to the club.”

Power is no longer at Swindon, having sold his shares to Australian businessman Clem Morfuni in July.
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Quagmire

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« Reply #6299 on: Tuesday, September 19, 2023, 21:23:12 »

Something is weird. When I read the Trust statement it definitely mentioned Power and Curran - now it doesn’t.

You sure you aren’t getting mixed up with advisory minutes? As I never seen names mentioned on Trust statement.
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