flammableBen
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« Reply #210 on: Tuesday, February 2, 2021, 20:03:00 » |
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Anyone got a tenner?
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ThreeDrawsMentality
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« Reply #211 on: Tuesday, February 2, 2021, 21:26:14 » |
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Basically this is what I can make out from what I have been told/read, I am sure the legals on here will say that I am wrong etc and put me in my rightful place in the relegation zone but here goes.
I hear Standing/Barry doesn't want the club, Power is desperate to offload the club as he has exhausted his own financial clout (hence the Curran financial input situation), Clem wants to own the club and so does another interested party who are not connected to anyone who own the club currently.
Power can't sell the club due to Standings claim over the amount of shares/value that Standing says he owns and Power disputing that.
So it is at a stalemate it seems until the actual amount of the club that Power owns is made clear allowing Power to sell up and move ownership of the club to a new party/person.
Any chance the other interested party are the Able group still? |
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4D
Or not 4D that is the question
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I can't bear it 🙄
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« Reply #212 on: Wednesday, February 3, 2021, 08:23:09 » |
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Flashheart
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« Reply #213 on: Wednesday, February 3, 2021, 08:29:55 » |
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He should reveal himself so we can give in the shit he deserves. |
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DiV
Has also heard this
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Joseph McLaughlin
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« Reply #214 on: Wednesday, February 3, 2021, 08:33:34 » |
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I assumed he was referring to the actual Town End and the terrace culture/banter rather than this forum specifically....
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jayohaitchenn
Wielder of the BANHAMMER
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« Reply #215 on: Wednesday, February 3, 2021, 08:34:12 » |
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Robert Fuckland can cunt off
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DiV
Has also heard this
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Joseph McLaughlin
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« Reply #216 on: Wednesday, February 3, 2021, 08:37:35 » |
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Robert Fuckland can cunt off
That as well I suppose. Not that he’d miss a chance to his name in the paper. |
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guy66
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« Reply #217 on: Wednesday, February 3, 2021, 08:45:03 » |
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https://www.dailymail.co.uk/news/article-9215979/Court-case-deciding-future-Swindon-Town-football-club-descends-circus.html
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Batch
Not a Batch
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« Reply #218 on: Wednesday, February 3, 2021, 09:13:39 » |
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I assumed he was referring to the actual Town End and the terrace culture/banter rather than this forum specifically.... yeah. judge down with the football people knowing stand names. if only there was a way to mute everyone except x, y and z |
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #219 on: Wednesday, February 3, 2021, 09:16:27 » |
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yeah. judge down with the football people knowing stand names.
if only there was a way to mute everyone except x, y and z
What I didn't understand, and I am not a big Teams user, is how people who were not the meeting organiser were managing to mute the person who was? If Buckland wants the court system to work better, if only he knew someone who could fund it better! |
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #220 on: Wednesday, February 3, 2021, 09:18:39 » |
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Have to say I find it astonishing that the court proceedings were so badly run and amateurish that this was able to happen. And Buckland would be better spending his time concentrating on why the court system has been so underfunded for so many years that there is now backlog of 3-4 years for some cases to come to trial.
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The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #221 on: Wednesday, February 3, 2021, 09:34:07 » |
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I can’t see this lasting another year or so. Who would benefit from that? Power, or whoever else reckons they’re entitled to a slice, would see the value of the club tumble massively.
If it comes to it that Standing does, indeed, own 50% of the club, then surely he becomes 50% liable for the club’s debts as well.
The only party it would suit is any potential buyer not involved in the present shenanigans - but by the time a years up we could be hurtling towards non league.
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #222 on: Wednesday, February 3, 2021, 12:16:46 » |
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If it comes to it that Standing does, indeed, own 50% of the club, then surely he becomes 50% liable for the club’s debts as well.
The club is a limited company so no. |
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The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #223 on: Wednesday, February 3, 2021, 12:56:57 » |
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50% of a club that’s about to crash ain’t worth a bean.
I presume, though, that all he wants is his 50% share converted back into readies and then he’ll just fuck off.
Why in God’s name would you pump £5m into any business on a nod and a wink basis. Like Clem, he surely wanted some legal cover for his ‘investment’ and not just Honest Lee’s word.
So what happens if it is judged that he does own 50% of the club? He’ll have to chase Power for it? Any new owner will have to pay him off? The club is lumbered with paying him back?
Just how would he get his money back?
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Flashheart
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« Reply #224 on: Wednesday, February 3, 2021, 13:00:31 » |
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Just how would he get his money back?
He (standing) will have to sell for whatever is offered or be lumbered with 50% of a club he doesn't want. I would not be surprised if such discussions are already underway. |
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