skiptotheLouMacari
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« Reply #10950 on: Wednesday, January 31, 2024, 19:42:32 » |
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The club pays 50% less to the JV than it was paying to the Council.
The JV then uses that money towards the ground and not towards general Council running costs.
Club saves on both ends.
Yes it was on a full repairing lease so all issues the club had to pay for structural or not. Now though, we pay the JV which will then release the money to conduct the same repairs.
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ChalkyWhiteIsGod
TOLD YOU SO
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« Reply #10951 on: Wednesday, January 31, 2024, 19:44:57 » |
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Why is there rent to pay for the JV. Thought the whole point was there was no rent.
It's half the previous rate, money to be used on the stadium
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ChalkyWhiteIsGod
TOLD YOU SO
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« Reply #10952 on: Wednesday, January 31, 2024, 19:45:54 » |
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So we’re not saving anything then?
Saving half. 100% really as they get the money back anyway its just allocated to stadium maintenance.
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The Million Pound Man
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« Reply #10953 on: Wednesday, January 31, 2024, 20:05:38 » |
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If only there was a group who were part of the JV and could quickly dispel such rumours and settle a few fans nerves.
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Leggett
Do you like popsicles?
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« Reply #10954 on: Wednesday, January 31, 2024, 20:15:31 » |
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Can we blame Bennett yet? This is gonna be fun
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Fuck you Leggett, fuck you.
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Bob's Orange
Has brain escape barriers
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« Reply #10955 on: Wednesday, January 31, 2024, 20:30:31 » |
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If only there was a group who were part of the JV and could quickly dispel such rumours and settle a few fans nerves.
Could you trust what they were saying?
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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.
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Batch
Not a Batch
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« Reply #10956 on: Wednesday, January 31, 2024, 20:44:39 » |
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If only there was a group who were part of the JV and could quickly dispel such rumours and settle a few fans nerves.
They did. It's also in the AB minutes
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The Million Pound Man
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« Reply #10957 on: Wednesday, January 31, 2024, 21:20:22 » |
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They did.
It's also in the AB minutes
Which part mate ? Happy to retract if wrong
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Batch
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« Reply #10958 on: Wednesday, January 31, 2024, 21:26:19 » |
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« Last Edit: Wednesday, January 31, 2024, 21:36:21 by Batch »
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tans
You spin me right round baby right round
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« Reply #10959 on: Wednesday, January 31, 2024, 22:14:43 » |
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Adver bloke on twitter:
I can understand the payments being missed as an ‘admin error’.
But I cannot understand why after being warned by the EFL on November 2 about the late payments and rule breach #STFC did nothing about them until they triggered the fine and fee restriction on November 10.
Especially as on November 5, five days before #STFC reached the 30 day threshold triggering the rule breach, Clem Morfuni issued a statement, via the club, saying there was no HMRC payment issue.
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The Million Pound Man
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« Reply #10960 on: Wednesday, January 31, 2024, 22:16:22 » |
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Ah I meant the lack of rent payments
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Robinz
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« Reply #10961 on: Thursday, February 1, 2024, 09:28:46 » |
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Just perhaps Morfuni is smarter than I give him credit for "Hey guys it's not my decision we can't buy players... it's the EFL and you can now see how they pick on Swindon"
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RedRag
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« Reply #10962 on: Thursday, February 1, 2024, 09:50:10 » |
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Ah I meant the lack of rent payments
That's a question I share with you. The answer would be one indicator of the good faith/competence of Clem & Co - or otherwise. I emailed the Trust as follows on Monday: Your role in the Ground acquisition has now been achieved. It is however difficult to see how the potential of ownership can start to be realised whilst the ownership issues of one of the parties to the JV Agreement remain so unclear. One detail on which it would be reassuring to receive an update, would be:
1. What part of the £100k p.a. to be paid into the JV has actually been transferred to the JV by STFC 2. and when is any balance due to be transferred 3. and clarity if any of that £100k transfer is other than cash (eg loan notes, quid pro quos etc)
[The first year of the Agreement will expire sometime next month] The extent of a Company's duties of disclosure to 3rd parties (even a "transparent" company like STFC) can be argued. However, this is a joint venture, so STFC's adherence or otherwise with it cannot be solely a matter for STFC. I feel we are entitled to clarity here.
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« Last Edit: Thursday, February 1, 2024, 10:00:04 by RedRag »
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Batch
Not a Batch
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« Reply #10963 on: Thursday, February 1, 2024, 10:01:11 » |
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Ah I meant the lack of rent payments
Ah. I guess there is a fine line in transparency between what you pass on and don't. You simply can't pass on everything. A one off resolved thing not contributing to EFL issues would be a very different from an unresolved or continual issue. IMO. It should howeever set the spidey senses tingling when added to the weight of other issues.
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Nemo
Shit Bacon
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« Reply #10964 on: Thursday, February 1, 2024, 10:04:01 » |
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Yeah agree with Batch, I wouldn't really expect the Trust to publicise a late rent payment, but it's a red flag that should impact how they approach the club in other areas.
Mind you, the current leadership seem happy to ignore more red flags than a Chinese military parade, so hopefully they know something we don't...
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« Last Edit: Thursday, February 1, 2024, 10:09:58 by Nemo »
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