Thetownend.com

have we paid the CVA yet?

in fact; what the fuck is going on? i've heard nothing in the past week about the cva, investment, consortium(s), bill power - nothing. is this the end for the fan's consortium? i genuinely cannot see any progress being made now.

and is bill power going to demand his 1.2mil back now?

I just want to know if Sandy is still going to be in charge of the VAT.

No doubt with the news that the new owners will be taking over within the next 7 days this is the end for bill power and the fans consortium, in my opinion the new owners will pay him off just to get rid of him, that's what i think will happen.

Also if the new owners are having 75% of the club i think carson, bowden, holt, gray, lambert etc will be out of a job, they will bring their own people in, only diamandis will stay and he won't be running the show anymore.

I thought the new owners was a Consortium?
Made up of Mike Diamandis, Sir Seaton and Mystery Foreign Investor - and if that is the case he will still be be there.

if seaton has only got 25% of the club it cuts down his clout considerably. Diamandis is nothing without Seatons stake.

We're doomed.

Well i all know is that the new owners want 75% which means they would be running things, i'm not totally sure about diamandis, hopefully he will be in the background and not running things, just wish these new owners would come out and say who they are, i'm sure we will find out soon.

I read it that Sir Seaton has 25% and The Consortium 75%, the Consortium includes Sir Seaton.

Well maybe not dell boy, maybe the consortium doesn't include seton wills.

Interesting, i read it like this:

The consortium will own 100% of the club

The new boys will own 75% of the club

Sir Seaton Wills will own 25% of the club

Or am i being thick?

The best scenario would see Diamandis demoted to Tea Boy (where he can do no harm), but I'm not optimistic.

so long as the wills family and diamandis leave, i'll be happy.

where does it say the new consortium will be in place within seven days?

more to the point, why are people not putting pressure on the club to name the people behind the consortium - they placed demands on the fan's consortium; so why so secretive?

That's how I see it.

I'm bring optimistic about all this, it's hard because I think we've all (rightfully) got into a bit of a habit of negativity over the last few years. I'm going to break it, not that it will make any difference, and will probably just make me feel worse when everything goes wrong again. But I've decided and optimism it is.

Maybe if we all think happy thoughts everything will turn out ace.

The wills family and diamandis arnt leaving, they will still be there but won't be running things by the sounds of it.

http://www.bbc.co.uk/wiltshire/content/articles/2007/07/11/stfc_110707_feature.shtml

Does that mean that Diamandis could go bust as we all know without stfc dunwoody would not be able to keep going all those consultancy fee's and employee's of their's we have to pay.

Well obviously that would be a very good thing but i doubt it.

It has surprised me too how little formal concern has been expressed. I was thinking of writing another letter to the Adver on the issue.

What other suggestions do people have?

i don't give a flying fuck about what happens to diamandis.

i want to know why the board were so desperate for the fans consortium and bill power not to get control?
if i was bill power i'd go public and dish the dirt

sorry I think I have missed some thing, where does it say about the new consortium having 100% or etc?  confused!

Wills will just be protecting against a scenariolike Brady/Donegan et al....so should the new lot scarper, he can at least have some influence over the future of the club and drip feed it again...waiting for another chance to come along like this one may be...

I see it as a fallback protection

But without knowing the exact dynamics of the shareholdings, personal relationships, job responsibilities and decision-making, it's difficult to tell anything

Where does that article say Diamandis is staying? Nowhere. Why is everyone jumping to conclusions? The way i see it is that with the new owner holding 75% there is no role for Diamandis. He isn't a shareholder and he isn't a member of the board. So what would be the point in him staying?

Nail. Head. Hit.

What i don't understand is, the fact that the Wills family wanted out a few months back but now they seem to be back in control as part of this new BS takeover.

Oh and we haven't heard anything about the CVA as they're probably trying to just forget about it and hope it disappears.

somewhere (i dont remember where) it was stated that the new consortium consists of the new investor, sir seton wills, and mike diamandes.

so in summary, he's here to stay.

At the club fans forum Diamandis was introduced as a shareholder. Quite whether that was of the holding company or of the football club who knows, presumably the former.

I think its being kept quiet because they know we will disapprove.Again ive nothing to base this on except natural pesimism.

    You're going to be one disappointed bunny FB......

Something has gotta go good sometime.  Like karma. Although thinking about the cuntish status of most of our fans. We probably deserve all the shit we get.....

No, you aren't bringing me down Mr. Reg. I won't let you do it. Optimism is the way forward. New consortium will come in with millions of £ of investment whilst simultaneously packing up Mr D and co's burning briefcases of fire.

Happy days.

As things stand, the Holding Co owns a little over 70% of the shares of the football club. Shares in the Holding Co used to stand at:

J Wills: 66%
Mysterious bloke holding shares through nominee account: 33%

Since they rejigged the shareholding to make out Bill Power had bought shares, the listing sent to Companies House now says the holding is as follows

J Wills: 51%
Mysterious bloke holding shares through nominee account: 24%
Bill and Phil: 25%

(or roughly in those proportions anyway). Obviously

Which would mean that the "New Consortium" cannot take 75% of the football club or (without conceding that they owe Bill Power £1.2m) the holding co. What they can do is take 75% of J Wills plus mysterious bloke's interest in the holding co, leaving James and MB 25% of their original shareholding or, more likely, set up a new holding co which they will split 75-25. What would be interesting to see then would be whether the board sell or give that new holding co the 70% shares in the football club directly, essentially leaving the old holding co as a shell or whether they sell the new holding co their stake in the old holding co, so that the new holding co controls the football club that way. Either way is potentially fraught with legal problems while the status of Bill's money is still in dispute and the board try to maintain the stance that he has shares in the holding co. They could end up blowing their own sale out of the water, if they're not careful with this.

   I did optimism with the Fan's Consortium.....

   I feel like Laocoon with his warning about Greeks bearing gifts.....but he got scoffed by a bunch of serpents,  a fate I'd rather avoid.

Move to Ireland Reg, you'll be safe there.

  Its a thought....I once walked up Croagh  Patrick.....from whence the eponymous saint banished ophidians from Hibernia, perhaps that will save me.

Me neither just want to know whos fucking taking over the club.And when is sturrock going to sign us a non injured striker who can score goals.

Your right except james instead of sir seton.

That's the key to the whole thing I think. They did say something about a new company shortly after they announced the take over.
This along with the CVA non payment thing, again is typically suspicious, particularly when you have to view the whole thing with a sceptical slant. (Due to the boards past history).
I would like to say what I think of them, but have already been threatened with a ban from this is for stating my opinion.

who threatened to ban you?

I hope to be proven wrong but I see it this way:

This is merely some form of financial/company re-jigging going on.

The mysterious investor probably doesnt exist or if he does he is greek from the newbury area, I would suspect that any perceived investment is paper based and wont involve cash.

We are all doomed!

i think your wrong

So do I

me too

I think nobody has a clue whats going on myself included  :(

The frustrating thing is that neither does anyone else, but they right lots of words pretending they do, and end up repeating themselves. Then we end up with threads that say nothing new, but just involve people working themselves up, and scaring everybody into thinking that this is somehow the worst thing to happen.

The fact of the matter is, we know very little of what is going on, and untill we do its probably best that people stop pretending they know whats-what, and making assumptions. Everything will work out well in the end, just believe.

I had an e-mail from the editor of this is. They had a complaint apparently.
I had to ask them wht I had posted that was deemed "offensive".
To their credit they did send be a copy, & I guess calling certain people liars & cheats, could have been expressed differently :jaw2:

but you can't post the word cunts on thisis

   What, like cheats and liars ?

whares the free speech, which is what a forum is? was it racist?

ah didnt read the above posts regarding what was said  :groan1:

the current board are cheats and liars.

right you are mex

and they are cheetahs and lions

  This would fit in with the Nigerian model......Ben in.

That fits too.
I wasn't going to argue with them, but they said if they printed Cheats & liars about the board in the adver, they would be in court.
So apparently telling the shareholders that the CVA was taken care off last year, & telling the local residents that 80 % of the fans wanted bristol to share, & taking bill P's 1.2 million like they did doesn't count.

To go?