New beginnings - 25% Truth, 80% Bollocks

[Mooneyraker]

https://twitter.com/TrustSTFC/status/1691798861151429068

Trust ask the club. Let's see what happens.

[Quagmire]

It’s actually mad they weren’t aware of it, it’s nearly a year ago.
What do they actually do now? They don’t seem fit for purpose at all.

This could all be nothing, but the fact that the supporters trust aren’t on top of stuff like this is baffling really.

[horlock07]

It’s actually mad they weren’t aware of it, it’s nearly a year ago.
What do they actually do now? They don’t seem fit for purpose at all.

This could all be nothing, but the fact that the supporters trust aren’t on top of stuff like this is baffling really.

Why should they be aware, its only come into the public domain now off the back of Swinton Reds (the ultimate parent company, originally being Power's vehicle to take over) being required to submit a Confirmation Statement to Companies House every 12 months.

I see that Seebeck's (Jeds vehicle that sits between Swinton and STFC Ltd in the chain of ownership) accounts are also way overdue.

[ThreeDrawsMentality]

It’s actually mad they weren’t aware of it, it’s nearly a year ago.
What do they actually do now? They don’t seem fit for purpose at all.

This could all be nothing, but the fact that the supporters trust aren’t on top of stuff like this is baffling really.

I raised the topic on here a while back about the memorandum's of understanding changing for the clubs parents companies and how this would ease a share transfer. A trust member acknowledged it, and maybe even investigated it, but came back saying it's standard business practice to clean up these articles and nothing to worry about. Which may be and probably is true in most circumstances, but that put them on notice a while ago to really dig into this, especially when the majority of the changes to those articles were specifically about share transfers.

[Quagmire]

Why should they be aware, its only come into the public domain now off the back of Swinton Reds (the ultimate parent company, originally being Power's vehicle to take over) being required to submit a Confirmation Statement to Companies House every 12 months.

I see that Seebeck's (Jeds vehicle that sits between Swinton and STFC Ltd in the chain of ownership) accounts are also way overdue.

You genuinely don’t think that the Trust, who have monthly meetings with the board and are supposed to hold the club to account on various things on the supporters behalf, should be aware of club shares being transferred etc?

Really?

[Nemo]

You genuinely don’t think that the Trust, who have monthly meetings with the board and are supposed to hold the club to account on various things on the supporters behalf, should be aware of club shares being transferred etc?

Really?

If the club choose not to tell them, how would they find out? Presuming Ms. Kiely and Ms. Parladorio are not taking an active part in discussions with the Trust, or otherwise wielding executive power. It's not a great sign, but I don't think the Trust have any way of knowing if the club don't tell them.

[Mooneyraker]

Yes, as mentioned previously, I'm surprised that as co-owners of the ground there isn't some clause where they have to notify each other of changes to ownership. That seems odd.

[Nemo]

On a totally separate note, we've hit 5000 season tickets sold, which is a great effort from the fans.

[ChalkyWhiteIsGod]

On a totally separate note, we've hit 5000 season tickets sold, which is a great effort from the fans.

That really is great everything considered.

[horlock07]

If the club choose not to tell them, how would they find out? Presuming Ms. Kiely and Ms. Parladorio are not taking an active part in discussions with the Trust, or otherwise wielding executive power. It's not a great sign, but I don't think the Trust have any way of knowing if the club don't tell them.

Pretty much this, would be interesting to know what extent other Supporters Trusts are included in the nuts and bolts of corporate governance of their clubs before passing any judgement. As noted before this has only come out as its been done properly and legally this time unlike the below the counter deal with Power/Standing.

Yes, as mentioned previously, I'm surprised that as co-owners of the ground there isn't some clause where they have to notify each other of changes to ownership. That seems odd.

There hasn't been a change of ownership though, just a dilution in Clem's shareholding of the ultimate parent company (who is the JV actually between anyway, are Swinton a signatory to it?), he's still the majority shareholder and unless the two ladies are involved in decision making will make little difference to the JV. JV's are very common in property projects and if companies were constantly having to update each other of changes in shareholdings such specialist Lawyers would be considerably wealthier than they are already!

On a totally separate note, we've hit 5000 season tickets sold, which is a great effort from the fans.

Bloody good effort, albeit I assumed finally pushed over the line by the 20 ST's Ms Kiely and Ms Parladorio have each purchased?  

[stfcjack]

On a totally separate note, we've hit 5000 season tickets sold, which is a great effort from the fans.

Can anyone remember last seasons total just out of interest?

[ChalkyWhiteIsGod]

Can anyone remember last seasons total just out of interest?

I'm pretty sure we never hit the 6k, so to get anywhere close after the price increase and the season we had is a fantastic backing from the fans again.

[Laddy in Red]

How could the Trust know about this be aware if the club isn't forthcoming?

[BambooToTheFuture]

I'm pretty sure we never hit the 6k, so to get anywhere close after the price increase and the season we had is a fantastic backing from the fans again.

Yep. Yet again the fans doing their bit as ever. Would be nice to see some balance in this regard. There's a cost of living crisis at present but it seems the club never acknowledges this is a thing when asking fans to put their hands in their pocket. They only acknowledge it on their viewpoint ie '...we've had to cut back on x due to the cost of living crisis and interest rates...' yet on the other hand they say '...but we're asking all fans to dig deep and put any money they can into the club...'

Separate initiatives aside like Foundation Park and DMC's Homeless Ticket [both actually separate to STFC], what are the club actually doing to give a bit back to fans. I might have missed the big marketing campaign that mentions what they are giving back to the fans but it comes across as ''take take take'' or ''we'll make you feel guilty about it if you don't give give give'' 

[Jimmy HaveHave]

I'm pretty sure we never hit the 6k, so to get anywhere close after the price increase and the season we had is a fantastic backing from the fans again.

I think it was around 5400 ish