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Title: It's Official............... Post by: returnofthereds on Tuesday, August 14, 2007, 23:22:24 well sort of. A statement that says ,well nothing really. Takeover complete with no info on details.We await another statement.
Title: It's Official............... Post by: returnofthereds on Tuesday, August 14, 2007, 23:28:49 Me again. The big glimmer of hope from the official statement from Bob Holt is that it says TAKEOVER, not investors.
Do we read between the lines here to think that the board have stepped down,or just a bad piece of getting the message out. You know what they're like. Title: It's Official............... Post by: Reg Smeeton on Tuesday, August 14, 2007, 23:32:45 Quote from: "returnofthereds" Me again. The big glimmer of hope from the official statement from Bob Holt is that it says TAKEOVER, not investors. Do we read between the lines here to think that the board have stepped down,or just a bad piece of getting the message out. You know what they're like. I'd assume that the current mob are going nowhere.....but rather this is some kind of sleight of hand from Diamandis......its all profoundly depressing. Title: It's Official............... Post by: returnofthereds on Tuesday, August 14, 2007, 23:35:08 Just checked the official site again and the statement is gone. Yes I have pressed F5. someone else check and report back please.
Title: It's Official............... Post by: sonic youth on Tuesday, August 14, 2007, 23:37:15 no it's still there
Title: It's Official............... Post by: returnofthereds on Tuesday, August 14, 2007, 23:38:16 Then I am a fool :oops:
Title: It's Official............... Post by: wheretherealredsare on Tuesday, August 14, 2007, 23:43:52 On News tab, not Home.
Title: It's Official............... Post by: Samdy Gray on Tuesday, August 14, 2007, 23:43:58 It's still there if you follow the link posted here, but no link to the article on the OS.
Title: It's Official............... Post by: iworkattheclub on Tuesday, August 14, 2007, 23:47:44 well its the castros. the others will be out within 6 months.
Title: It's Official............... Post by: pumbaa on Tuesday, August 14, 2007, 23:51:24 Relations of Fidel (no pun intended btw)?
What exactly do you mean? Title: It's Official............... Post by: RobertT on Tuesday, August 14, 2007, 23:54:30 www.castrobrothers.com
Title: It's Official............... Post by: iworkattheclub on Tuesday, August 14, 2007, 23:54:51 Its the Castro family, including ex athlete brothers. They are backed by Portugese investment bank.
Diamandis and co will leave over the coming months. That is all I have picked up. Title: It's Official............... Post by: pumbaa on Wednesday, August 15, 2007, 00:00:58 Quote from: "iworkattheclub" Its the Castro family, including ex athlete brothers. They are backed by Portugese investment bank. Diamandis and co will leave over the coming months. That is all I have picked up. Thats the nugget I was searching for! I'm liking the sound of the second paragraph a lot. Not a moment too soon. However, the intent of the Castro Brothers investment/takeover remains unclear. I guess the wait continues for further information. Title: It's Official............... Post by: pumbaa on Wednesday, August 15, 2007, 00:04:56 This is the text that currently appears on the OS.
Quote Tuesday 14th August 2007 The Board of Swindon Town Football Club announced today that a contract had been signed with Best Holdings SGPS S.A. that will see them take control of the Club. Spokesman for the Club, Director Bob Holt, explained that more information of the new investment would be released within the next few days but stressed that in the meantime, it would be very much business as usual at The County Ground. In one breath it alludes to a takeover as in "take control of the Club". Then in another breath mentions 'new investment". Allow me to remain confused if you please... :? Title: It's Official............... Post by: Batch on Wednesday, August 15, 2007, 06:26:51 Quote from: "iworkattheclub" Its the Castro family, including ex athlete brothers. They are backed by Portugese investment bank. Diamandis and co will leave over the coming months. That is all I have picked up. Any personal take on whether this is the dream takeover we have been waiting for, or whether it is the start of a new nightmare? I guess we'll have to wait and see, that's if all the details come out. Title: It's Official............... Post by: fatbury on Wednesday, August 15, 2007, 07:00:34 My old man said the following ... he reckons
They are just another bunch of investors who will be the face of the club whilst the old lot carry on as normal .. they will attempt to buy the County Ground off the Council using the funds they have made over the years off the club and then build houses on it .. moving to a new stadium over at Chippenham to make more money for themselves .. the current council wouldnt work with the old board but they might with this so called new investment and it means the CVA can be paid - if they werent shady they would be more transparent ... seen it with these holding companies before Basically he said its the same old thing just with a new face I said thanks for that .. there was me thinking it was the start of a new dawn as well ... god I hope hes wrong but I kind of thing he might be right .. If he was right Id rather the Trust tried to set up a new club .. AFC Swindon and start from scratch .. time will tell Title: It's Official............... Post by: Whits on Wednesday, August 15, 2007, 07:00:46 Quote from: "Batch" Quote from: "iworkattheclub" Its the Castro family, including ex athlete brothers. They are backed by Portugese investment bank. Diamandis and co will leave over the coming months. That is all I have picked up. Any personal take on whether this is the dream takeover we have been waiting for, or whether it is the start of a new nightmare? I guess we'll have to wait and see, that's if all the details come out. depends on the 5 year plan :| Title: It's Official............... Post by: Samdy Gray on Wednesday, August 15, 2007, 07:04:50 Now come on, everybody loves a 5 year plan.
Title: It's Official............... Post by: Batch on Wednesday, August 15, 2007, 07:09:10 Does anyone know if " SGPS, S.A." part of the name is something Poruguese akin to "Ltd" or "Plc" in the UK?
just wondering because I can see loads of SGPS, S.A. on google. --------------------------- Edit: 'Psychic' Ed Hadwin just answered the question. SGPS, S.A. just means it's a holding company (of share capital). So we have a new holding company holding control of the club, I guess the old one will be wound down. Title: It's Official............... Post by: Nemo on Wednesday, August 15, 2007, 07:23:00 Now, I can't speak Portuguese, but unless I'm very much mistaken these Castro chaps own Dudu Cearense. Now that would be a good signing. Lots of Brazillians, actually. Samba time!
EDIT: And Daniel Carvalho, and Vagner Love. we'll be some sort of feeder team for CSKA Moscow Title: It's Official............... Post by: HarryFleming on Wednesday, August 15, 2007, 07:29:42 They are an investment company, which means that they will rip the heart out of any organisation to maximise its earning potential. Something the DTI and IoD are looking into in this country.
Basically, over a short time, the ground will have houses built on it, and we'll get moved down the road somewhere like Chippenham, where another Green Park (ie Madjeski) business area will be created. North Wilts Council would be drooling at that prospect. We of course will have no say, and be pissed off. Investment companies, are money companies created to make more money. They don't have an established trade like computing, engineering, retail. So I would expect STFC to be very flush with money, but souless!! Title: It's Official............... Post by: Frigby Daser on Wednesday, August 15, 2007, 07:42:53 Quote from: "Batch" Does anyone know if " SGPS, S.A." part of the name is something Poruguese akin to "Ltd" or "Plc" in the UK? just wondering because I can see loads of SGPS, S.A. on google. --------------------------- Edit: 'Pychic' Ed Hadwin just answered the question. SGPS, S.A. just means it's a holding company (of share capital). So we have a new holding company holding control of the club, I guess the old one will be wound down. Yep, don't know what it stands for but Spa, SGPS S.A, etc are different forms of company Title: It's Official............... Post by: pauld on Wednesday, August 15, 2007, 07:52:29 SGPS refers to a company that does not trading in it's own right but exists solely to hold shares in other companies. It's a technical designation in Portuguese law, so Best Holdings SGPS SA basically means "Acme Front Co Ltd"
Quote A pure holding company is defined by Portuguese law as an SGPS ("Sociedade Gestora de Participações Sociais"), whose activity is exclusively the management of shares held in other companies. Portuguese holding companies are exempt from taxation on the income received from EU affiliated companies, in accordance with the EU directive EEC/90/435. Title: It's Official............... Post by: Nomoreheroes on Wednesday, August 15, 2007, 07:59:12 So it could really be Bill Power in disguise?
NMH Title: It's Official............... Post by: Ardiles on Wednesday, August 15, 2007, 08:00:09 Far too early to either welcome or lament this news - the devil is in the detail. There are so many questions to ask of the new owners, and if they want to be respected more than the last lot, they will need to make a far greater effort to answer them (and answer them honestly).
If we get answers we are happy with, then I will welcome the news - and not before. Here are a few questions for starters... 1. Who are you? 2. Is this an investment or a takeover? 3. How much did you pay? 4. How much debt did you take on to finance this move, and which legal entity will be servicing the interest payments on that debt? 5. What is your business plan? How will you seek to make a return on your investment? 6. Will you confirm now that will you not attempt to move the club from the Borough of Swindon at any point in the future? 7. Will Michael Diamandis have any further influence, in any capacity, at the club? 8. Do you have any plans to repay the £1.2 million invested by Bill Power in 2006? If not, have you made a provision for this should Bill Power be successful in recovering this sum through the courts? 9. Do you intend to retain Paul Sturrock as manager? 10. What will be the club's playing budget this year? 11. Which division will the club need to be playing in in 5 years from now in order for your business plan to succeed? That's all I can think of right now. Title: It's Official............... Post by: magic8ball on Wednesday, August 15, 2007, 08:02:23 Its all very interesting isn't it? This could be the beginning of a very exciting journey, or the beginning of the end.
One question I have.....Rufus Brevett. He's the middle man in all of this yes? But why? Its all seems very random. I'm pleased that they have somebody with footballing knowledge involved, but does he speak Portugeuse? Does he have any sort of relationship with the investors? Just curious I guess. Title: It's Official............... Post by: pauld on Wednesday, August 15, 2007, 08:05:37 Quote from: "Ardiles" Far too early to either welcome or lament this news - the devil is in the detail. There are so many questions to ask of the new owners, and if they want to be respected more than the last lot, they will need to make a far greater effort to answer them (and answer them honestly). If we get answers we are happy with, then I will welcome the news - and not before. Here are a few questions for starters... 1. Who are you? 2. Is this an investment or a takeover? 3. How much did you pay? 4. How much debt did you take on to finance this move, and which legal entity will be servicing the interest payments on that debt? 5. What is your business plan? How will you seek to make a return on your investment? 6. Will you confirm now that will you not attempt to move the club from the Borough of Swindon at any point in the future? 7. Will Michael Diamandis have any further influence, in any capacity, at the club? 8. Do you have any plans to repay the £1.2 million invested by Bill Power in 2006? If not, have you made a provision for this should Bill Power be successful in recovering this sum through the courts? 9. Do you intend to retain Paul Sturrock as manager? 10. What will be the club's playing budget this year? 11. Which division will the club need to be playing in in 5 years from now in order for your business plan to succeed? That's all I can think of right now. Can you guarantee that any future revenue streams from ground redevelopment and associated facilities will be legally ringfenced for the football club, not owned by any third party or intermediate vehicle? (The Kassam question) Title: It's Official............... Post by: Frigby Daser on Wednesday, August 15, 2007, 08:05:47 12. Can you get some cheap labour from Portugal to get the Town End open for sat
Title: It's Official............... Post by: Samdy Gray on Wednesday, August 15, 2007, 08:07:27 Anyone know what time the press conference is today?
Title: It's Official............... Post by: pauld on Wednesday, August 15, 2007, 08:09:55 I, for one, welcome our new insect overlords
http://home.austin.rr.com/dulaneyhome/images/hailants.gif Title: It's Official............... Post by: Luci on Wednesday, August 15, 2007, 08:10:12 Quote from: "Samdy Gray" Anyone know what time the press conference is today? Email the club and ask them :D (Just to keep the momentum) Title: It's Official............... Post by: fatbury on Wednesday, August 15, 2007, 08:15:31 theres no indication there will be a press conference today ... more information will be released over the next FEW days said Bob Holt
Title: It's Official............... Post by: Summerof69 on Wednesday, August 15, 2007, 08:15:36 Question 13, and probably the most important :
When will the CVA be paid ? Title: It's Official............... Post by: Colin Todd on Wednesday, August 15, 2007, 08:15:49 Quote from: "pauld" I, for one, welcome our new insect overlords http://home.austin.rr.com/dulaneyhome/images/hailants.gif :Ride On Fatbury's Lovestick: Title: It's Official............... Post by: Dazzza on Wednesday, August 15, 2007, 11:22:43 That is brilliant Paul.
Has anyone else stumbled across this site while looking for info on Best Holdings? http://www.corporationstoday.com/strategies_asset.html Obviously a cruel coincidence that a US 'asset protection strategy' for companies in the same state as the club just happens to share the new name of our holding company. Quote Establishing Loss, Inc. and Best Holdings Consider a situation whereby one's business does not profit. This can be construed in a number of ways depending on how total costs, total expenses, and gross and taxable income are factored, but in general, one's net earnings are limited or non-existent. Extend this particular situation to where this business also retains no assets. A consequence of this situation is that the taxable income remains limited, and to a large extent, your liability is reduced. The issue regarding a reduction in liability corresponds to being less attractive for a lawsuit. The adage, "You can't squeeze blood out of a turnip," is appropriate. In general, lawsuits are less likely to endure when the target has little, if anything, to award. :D Title: It's Official............... Post by: Batch on Wednesday, August 15, 2007, 11:24:49 :shock: @ Dazza :)
Title: It's Official............... Post by: Power to people on Wednesday, August 15, 2007, 15:38:26 I wonder if the FL are aware of what's going on, and if our new overlords will pass the fit and proper person test ?
Title: It's Official............... Post by: red macca on Wednesday, August 15, 2007, 15:45:04 Quote from: "Power to people" I wonder if the FL are aware of what's going on, and if our new overlords will pass the fit and proper person test ? no they have not got a clue :? ffsTitle: It's Official............... Post by: Reg Smeeton on Wednesday, August 15, 2007, 16:19:43 Quote from: "Power to people" I wonder if the FL are aware of what's going on, and if our new overlords will pass the fit and proper person test ? Things like the fit and proper persons tests are laudable, but completely toothless.....Diamond Mike has shown its possible to run a club without seemingly being a director or employee. The only test should be as to whether we the fans want these people running our club.....I'd say at the moment the jury is very much out on that. They have a window of opportunity now to reveal what they intend to do to take the club forward.....failure to do so, should mean the start of a battle to seek different ownership. Title: It's Official............... Post by: reeves4england on Wednesday, August 15, 2007, 16:22:45 Quote from: "Power to people" I wonder if the FL are aware of what's going on, and if our new overlords will pass the fit and proper person test ? Don't be stupid, of course they know, it's their job to knowTitle: It's Official............... Post by: Simon Pieman on Wednesday, August 15, 2007, 16:59:14 Quote from: "reeves4england" Quote from: "Power to people" I wonder if the FL are aware of what's going on, and if our new overlords will pass the fit and proper person test ? Don't be stupid, of course they know, it's their job to knowI think that's a little naive. So many scandals and things slip through the net in football, even recently (Tevez, Mascherano). They'll have to know by now though. Title: It's Official............... Post by: Power to people on Wednesday, August 15, 2007, 17:07:29 Quote from: "Si Pie" Quote from: "reeves4england" Quote from: "Power to people" I wonder if the FL are aware of what's going on, and if our new overlords will pass the fit and proper person test ? Don't be stupid, of course they know, it's their job to knowI think that's a little naive. So many scandals and things slip through the net in football, even recently (Tevez, Mascherano). They'll have to know by now though. Not so sure that they would have been informed as of yet though, it is probably the responsibility of the new lot to give the info to the FL.....plus surely the FL would then be looking at change of ownership what happens about the CVA ? Don't the FL have to recieve a business plan as well for budgets etc ? Although I suppose the FL share is not changing companys just the company that owns the company that holds the FL share so in a sense the FL probably has not been informed yet. I expect Diamandis was too busy counting his 'consultancy fee' Title: It's Official............... Post by: glos_robin on Wednesday, August 15, 2007, 17:29:59 No one needs to worry anymore Mike Bowden says it is a great day for the club, we can all start celebrating :beers:
Quote Sorry to hear aboiut the flood damage. This is a great day for Swindon Town- I hope you can come to terms with that! Mike Sent from my BlackBerry® wireless device Title: It's Official............... Post by: pauld on Wednesday, August 15, 2007, 17:51:41 Quote from: "reeves4england" Quote from: "Power to people" I wonder if the FL are aware of what's going on, and if our new overlords will pass the fit and proper person test ? Don't be stupid, of course they know, it's their job to knowThe fit and proper persons test only applies to directors, not owners/shareholders. One of the many ways in which it's possible to drive a coach and horses through this window-dressing regulation. Title: It's Official............... Post by: Summerof69 on Wednesday, August 15, 2007, 17:54:01 I've notice that in Swindon Town Centre there is something called 'Swindon By The Sea', with the football club and speedway in attendance, over the next few days.
Will Mike B be digging out his Mr Whippy van so he sell a few ice creams...and at the same time show us these 'plans', which are seemingly in his head. Title: It's Official............... Post by: glos_robin on Wednesday, August 15, 2007, 18:03:20 Quote from: "Summerof69" I've notice that in Swindon Town Centre there is something called 'Swindon By The Sea', with the football club and speedway in attendance, over the next few days. Will Mike B be digging out his Mr Whippy van so he sell a few ice creams...and at the same time show us these 'plans', which are seemingly in his head. I dunno mate, are you a fan of the man like myself......what a guy! Title: It's Official............... Post by: red macca on Wednesday, August 15, 2007, 18:10:00 some of you seem obsessed if im honest
Title: It's Official............... Post by: lebowski on Wednesday, August 15, 2007, 18:14:19 it does get a bit tiresome, doesnt it?
Title: It's Official............... Post by: glos_robin on Wednesday, August 15, 2007, 18:18:32 Not exactly much else to talk about is there... nobody knows anything and further rumours and speculation won't exactly do much good will they :-))(
Much better to have a laugh and relieve some of the tension Title: It's Official............... Post by: Reg Smeeton on Wednesday, August 15, 2007, 18:29:12 Quote from: "glos_robin" Not exactly much else to talk about is there... nobody knows anything and further rumours and speculation won't exactly do much good will they :-))( Much better to have a laugh and relieve some of the tension We do know something, and that's anything that Sturrock wishes to communicate to the new owners must go through Rufus Brevett....which effectively means he's now main man at STFC. Will Rufus come along to the Trust meting on Saturday? Title: It's Official............... Post by: red macca on Wednesday, August 15, 2007, 18:35:14 Has he been invited
Title: It's Official............... Post by: pauld on Wednesday, August 15, 2007, 18:37:14 Quote from: "red macca" Has he been invited Yes we wrote to Martyn Starnes today inviting the new owners and/or their representative(s) to the meeting Title: It's Official............... Post by: red macca on Wednesday, August 15, 2007, 18:38:25 Fair play, great opportunity for them to put a few minds at rest
Title: It's Official............... Post by: Rich Pullen on Wednesday, August 15, 2007, 22:48:53 24 hours on...
Regardless of what the mini-statement stated - I am stunned (I probably shouldn't be) that on the day that Swindon Town Football Club are officially taken over the only update we, the fans, are given is about an injury to a former player. I was expecting perhaps some more information (no matter how brief) or quotes etc. Madness. Title: It's Official............... Post by: yeo on Wednesday, August 15, 2007, 22:52:19 Im staying up till midnight,midnight is the new Friday at 5.05 (Crackerjack!)
Title: It's Official............... Post by: Batch on Wednesday, August 15, 2007, 23:02:17 Ooooh I could crush a grape
ooooh I could wrestle an action man Ooooooh I knackered and I'm going to bed. The last one was all mine. Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 07:21:05 Bob Holt said "It's like moving house really". What the fuck does that mean?
Quote SWINDON TOWN: Paid in full Swindon Advertiser 16-Aug-07 By Andy Cryer SWINDON Town's creditors will be paid in the "very short term" while some positive football news has also been promised at the County Ground in the next couple of days. Administrator Andrew Andronikou has revealed he is expecting to receive the £900,000 needed to pay Town's overdue Company Voluntary Arrangement from the new owners within the next few days, after the much-prolonged takeover finally went through in the early hours of Wednesday morning. While details of the new investment and their identity remain a mystery - the club still refusing to release any further information yesterday - Andronikou has revealed he expects some "very positive" football news to follow shortly. advertisement The CVA organiser has been very closely involved in the talks over the last couple of months and has described new owners Best Holdings SGPS S.A as a "foreign entity that make investment in various areas". He continued: "Sport is one of those areas. I don't know too much about the details of the company but from what I have seen they are heavily involved in the football environment. "They are predominantly a Portuguese company and I am aware they have people in football. "This is good news for the club. I am very hopeful in the very short term the new investors will be forwarding me money to pay the CVA. A creditors meeting is no longer needed. "There will be also be some positive news on the football front shortly. I expect the club to make some announcements soon." In the absence of any firm details about the makeup of the takeover, speculation is rife among supporters. Many are making links with Portuguese giants Benfica while sport agents the Castro Brothers are another rumour doing the rounds. The Swindon Advertiser understands the new owners will hold 75 percent of the shares with the Wills family keeping a minority shareholding. We also understand the new owners will bring young Portuguese triallists to Swindon in the hope of turning them into saleable assets. Club director Bob Holt said: "The new people are now the major shareholders as contracts have been exchanged. It is like moving house really. "The process should be fully completed by the end of the week and my future is entirely up to them now." Chief executive Martyn Starnes said he was now at the "behest" of the new owners. Title: It's Official............... Post by: pauld on Thursday, August 16, 2007, 07:28:08 More to the point 75% of what?
Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 07:37:54 Feeder club then.
Sturrock is going to love that. Title: It's Official............... Post by: Ardiles on Thursday, August 16, 2007, 07:42:12 Feeder club...oh shit. My 17 year love affair with STFC is starting to look very shaky.
Title: It's Official............... Post by: yeo on Thursday, August 16, 2007, 07:49:47 Why is that bad thing?
Title: It's Official............... Post by: Batch on Thursday, August 16, 2007, 07:51:19 Lets see what they say first and how it all pans out. The Adver could be completely wrong!
Assuming they aren't: If it is a 'relationship' whereby we get offered players on trial in addition to our own men, and the manager still gets the final say, then I don't see a problem as yet. If it is an enforced influx of any johnny foreigner that can kick a ball being forced on us, I'll have to find something new to do an a Saturday. As yet, lets wait and see. Title: It's Official............... Post by: yeo on Thursday, August 16, 2007, 07:53:20 Thats unrealistic though isnt it,if they want to make money from bringing players over then those players have to be good enough to sell on in the long run .
Title: It's Official............... Post by: Ardiles on Thursday, August 16, 2007, 08:10:03 Quote from: "Batch" Lets see what they say first and how it all pans out. The Adver could be completely wrong! Assuming they aren't: If it is a 'relationship' whereby we get offered players on trial in addition to our own men, and the manager still gets the final say, then I don't see a problem as yet. If it is an enforced influx of any johnny foreigner that can kick a ball being forced on us, I'll have to find something new to do an a Saturday. As yet, lets wait and see. Exactly. And to answer Yeovil Red's question, if we become a training facility for Portuguese players (and by extension, a means for making Portuguese football agents lots of money) I would simply lose interest. STFC has to exist for its own sake, first and foremost. I would no more want to support STFC as a 'feeder club' than I would want to support Manchester United reserves. It would be a bit of a passion killer for me, I'm afraid. Fingers crossed it won't come to that though. Title: It's Official............... Post by: yeo on Thursday, August 16, 2007, 08:13:25 Sturrock has already said he looks to bring in younger players in the hope of teaching them a thing or two and selling them on for the benefit of the football club,how is this any different to whats being suggested?
Title: It's Official............... Post by: Ardiles on Thursday, August 16, 2007, 08:17:10 If we're taking a profit from it, I suppose that's different. If the money was leaking elsewhere though...then the club we all love would be nothing more than a pawn in a someone's game.
At the risk of repeating myself...got to wait & see. One day, these people will speak to us, I'm sure. Title: It's Official............... Post by: OOH! SHAUN TAYLOR on Thursday, August 16, 2007, 08:17:21 Quote from: "Yeovil Red" Sturrock has already said he looks to bring in younger players in the hope of teaching them a thing or two and selling them on for the benefit of the football club,how is this any different to whats being suggested? I tend to agree. We are a feeder club in all but name, as are all lower league clubs. Crewe have been doing it very successfully for years and years and doesn't seem to have done them too much harm. Title: It's Official............... Post by: fatbury on Thursday, August 16, 2007, 08:20:35 as long as they are good players and we win matches ... thats what matters .. could be entertaining I reckon
Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 08:28:34 A lower league "feeder" club surely survives by investing in talent and selling it on.
A feeder club run by foreign businessmen is about making a return on their investment - that is why they are doing it. BP and the FC was an opportunity to put that money back into the club for the benefit of the fans. :shrug: Still, we shall have to wait and see what the setup is I guess. Title: It's Official............... Post by: red macca on Thursday, August 16, 2007, 08:31:05 Quote from: "TalkTalk" A lower league "feeder" club surely survives by investing in talent and selling it on. Do we know the actual investors are foreign then do we? Its ok saying Bp was the way forward which i agreed with but to be fair alan alot of people got fed up waiting to watch this spaceA feeder club run by foreign businessmen is about making a return on their investment - that is why they are doing it. BP and the FC was an opportunity to put that money back into the club for the benefit of the fans. :shrug: Still, we shall have to wait and see what the setup is I guess. Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 08:33:05 Quote from: "red macca" Do we know the actual investors are foreign then do we? Its ok saying Bp was the way forward which i agreed with but to be fair alan alot of people got fed up waiting to watch this space Well ok, perhaps they are not foreign but it's neither here or there really. Title: It's Official............... Post by: red macca on Thursday, August 16, 2007, 08:35:36 Quote from: "TalkTalk" Quote from: "red macca" Do we know the actual investors are foreign then do we? Its ok saying Bp was the way forward which i agreed with but to be fair alan alot of people got fed up waiting to watch this space Well ok, perhaps they are not foreign but it's neither here or there really. Title: It's Official............... Post by: Colin Todd on Thursday, August 16, 2007, 08:43:49 Quote from: "OOH! SHAUN TAYLOR" Quote from: "Yeovil Red" Sturrock has already said he looks to bring in younger players in the hope of teaching them a thing or two and selling them on for the benefit of the football club,how is this any different to whats being suggested? I tend to agree. We are a feeder club in all but name, as are all lower league clubs. Crewe have been doing it very successfully for years and years and doesn't seem to have done them too much harm. :nod: Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 08:44:26 Quote from: "red macca" well it is either here or there dont you think? i would rather some people with a little knowledge of the game takeover rather than a few foreigners we know nothing about But it's unlikely that investors without any knowledge of football would put any money in anyway if their intention is to make a return. In fact the more knowledge of the football "business" they have then the better chance they have of succeeding. Foreign or not, it doesn't matter. Title: It's Official............... Post by: Batch on Thursday, August 16, 2007, 08:44:56 Quote from: "red macca" well it is either here or there dont you think? i would rather some people with a little knowledge of the game takeover rather than a few foreigners we know nothing about I don't think nationality has anything to do with knowing about the game or having the necessary skills to run the club. I think that was Alan's point too. Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 08:58:12 Macca, after some thought, what I am saying is how many times since I have become interested in football have I heard the phrase "money is ruining football"?
So ok, I don't now what it was like before the money became a driver but I can guess. You see the effect of the profit motive all over the leagues and the Premiership and the effect it has on the long suffering supporters. This is why the Government set up Supporters' Direct and fostered the Trust movement. To get clubs out of the claws of greedy money driven businessmen (and I include Mickey D in that), give them back to the communities to who they should belong and give the fans a say in how they are run. Today I just feel we have taken a step over the edge and onto the slippery slope. Title: It's Official............... Post by: Colin Todd on Thursday, August 16, 2007, 09:03:14 So its somehow morally better to be teetering on the edge of liquidation? :?
Title: It's Official............... Post by: red macca on Thursday, August 16, 2007, 09:05:36 Thats fair enough alan i fully understand that.Unfortunatly that is the only way football can survive now.Football has allways been dominated by money but over the last 20 years its just became public knowledge of what happens .Don rogers would never have stayed at swindon if he was not given a shop.Notoriously we have allways been in the shit we have allways been skint and it seems like every year we are close to going bust.
No one knows what these guys are going to do or what they want from this club but for once im actually optomistic that things might be changing. I would of liked to have had bill power on board but obviously it was a case of it was never to be.Who knows he could still become involved in some capacity as i have a feeling we could see the end of mikey d very soon Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 09:07:03 Quote from: "Colin Todd" So its somehow morally better to be teetering on the edge of liquidation? :? Where did I say that? Who is responsible for the situation? Ah...the current board of businessmen. Anyway, that could have been addressed months and months ago by them selling to the Fans' Consortium. Title: It's Official............... Post by: TalkTalk on Thursday, August 16, 2007, 09:15:55 Quote from: "red macca" Thats fair enough alan i fully understand that.Unfortunatly that is the only way football can survive now.Football has allways been dominated by money but over the last 20 years its just became public knowledge of what happens .Don rogers would never have stayed at swindon if he was not given a shop.Notoriously we have allways been in the shit we have allways been skint and it seems like every year we are close to going bust. No one knows what these guys are going to do or what they want from this club but for once im actually optomistic that things might be changing. I would of liked to have had bill power on board but obviously it was a case of it was never to be.Who knows he could still become involved in some capacity as i have a feeling we could see the end of mikey d very soon :goodpost: Title: It's Official............... Post by: Colin Todd on Thursday, August 16, 2007, 09:18:49 To be fair you didnt say that but it was how I read your post.
Whats been ruining football for me over the past 10 years is my clubs LACK of money! |