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25% => The Boardroom => Topic started by: Reg Smeeton on Saturday, August 25, 2007, 23:40:48



Title: What's that coming over the hill........
Post by: Reg Smeeton on Saturday, August 25, 2007, 23:40:48
.........is it a monster?

   http://www.swindontownfc.premiumtv.co.uk/page/NewsDetail/0,,10341~1099816,00.html



    Fucking ell......pick the bones out of that little beaut.....


    Ajit Arkaga...


Title: What's that coming over the hill........
Post by: axs on Saturday, August 25, 2007, 23:48:58
there's a lot of words in there, and it's too late today to try and figure it all out.


Title: What's that coming over the hill........
Post by: Reg Smeeton on Saturday, August 25, 2007, 23:54:35
Quote from: "axs"
there's a lot of words in there, and it's too late today to try and figure it all out.


 I've got a carbon footprint.....apparently.


Title: What's that coming over the hill........
Post by: Summerof69 on Sunday, August 26, 2007, 06:53:57
'The procedure is quite compicated but it is not dissimilar to that of the sale of a house or property.'

I believe a certain Bob Holt has quoted that a few weeks ago.

I think it's great them getting paranoid that the fans don't trust them !!

But at the end they do say that the accounts for '05,'06 AND '07 will be presented at an AGM in October.


Title: What's that coming over the hill........
Post by: fatbury on Sunday, August 26, 2007, 07:59:05
Basically it means they are telling us things will change .. yeah whatever .. how many times do we have to hear it?? Just do it and get rid of Mikey D and his cronies once and for all and maybe we will believe u!


Title: What's that coming over the hill........
Post by: Robinz on Sunday, August 26, 2007, 10:45:14
This "takeover" has more turns that the old A34 from Birmingham to Winchester......
This latest load of ball shit is just that....Bull shit.
Can't believe a word of it......


  :(


Title: What's that coming over the hill........
Post by: Reg Smeeton on Sunday, August 26, 2007, 10:47:02
Quote from: "fatbury"
Basically it means they are telling us things will change .. yeah whatever .. how many times do we have to hear it?? Just do it and get rid of Mikey D and his cronies once and for all and maybe we will believe u!



   I tried getting my head round this one last night but was too pissed fro it to make any sense.....its not a lot clearer this morning.

   Reading between the lines as I do with a statement, there seemed a distinct element of panic.....not sure why they'd release this statement at this time...

  Still, if we are to have a " Casual " Director.....can it please be Bushey Boy.


Title: What's that coming over the hill........
Post by: Rich Pullen on Sunday, August 26, 2007, 11:30:13
This statement simply encapsulates the era of the “current board” – not only are we baffled but I am sure even they are unsure of what they are trying to achieve in the ramblings of this inane statement.

I am young and naïve and for now do not know the ins and outs of buying property whether a football club or a house – so all that statement left me thinking was “there’s trouble ahead!” and could explain why no signings have been made, possibly.

If the “current board” were so worried about media speculation then why not talk to the media specifically instead of this frivolous document which appears to be more directed at the fans than the media?


Title: What's that coming over the hill........
Post by: Whits on Sunday, August 26, 2007, 11:34:19
Quote

If the “current board” were so worried about media speculation then why not talk to the media specifically instead of this frivolous document which appears to be more directed at the fans than the media?


it maybe directed at fan forums, after all there is alot of speculation going on here a lot of the time and the other boards


Title: What's that coming over the hill........
Post by: Reg Smeeton on Sunday, August 26, 2007, 11:38:43
Quote from: "Whits"
Quote

If the “current board” were so worried about media speculation then why not talk to the media specifically instead of this frivolous document which appears to be more directed at the fans than the media?


it maybe directed at fan forums, after all there is alot of speculation going on here a lot of the time and the other boards


 They ususally try and do that stuff, through either a guest appearance from Holt, in some disguise, Bowden has had a go or they use a pastie like SY or Gazza.....in some cases Maverick will do.


Title: What's that coming over the hill........
Post by: sonic youth on Sunday, August 26, 2007, 12:02:17
Quote from: "Reg Smeeton"
they use a pastie like SY or Gazza.


fuck off you old decrepit cunt!


Title: What's that coming over the hill........
Post by: Reg Smeeton on Sunday, August 26, 2007, 12:13:35
Quote from: "sonic youth"
Quote from: "Reg Smeeton"
they use a pastie like SY or Gazza.


fuck off you old decrepit cunt!
8)


Title: What's that coming over the hill........
Post by: OOH! SHAUN TAYLOR on Sunday, August 26, 2007, 18:20:47
Altough I am on my second glass of 'Trapist' (just the 9%) I'm not even close to being pissed and I gave up on that after a couple of paragraphs. It's all as clear as mud. As far as I can tell though, they have managed to make a statement without slagging off the local media or fans.

Remarkable :shock:


Title: What's that coming over the hill........
Post by: Reg Smeeton on Sunday, August 26, 2007, 18:49:11
Quote from: "OOH!  SHAUN TAYLOR"
Altough I am on my second glass of 'Trapist' (just the 9%) I'm not even close to being pissed and I gave up on that after a couple of paragraphs. It's all as clear as mud. As far as I can tell though, they have managed to make a statement without slagging off the local media or fans.

Remarkable :shock:


 I've kind of decided they're getting in their excuse for signing no players before the window.....ie as the deal hasn't officially gone through ...........:blahblahblah:


Title: What's that coming over the hill........
Post by: TalkTalk on Sunday, August 26, 2007, 19:09:28
Quote from: "Reg Smeeton"
ie as the deal hasn't officially gone through ...........:blahblahblah:

Don't hold your collective breaths either  :roll:


Title: What's that coming over the hill........
Post by: Batch on Sunday, August 26, 2007, 21:38:39
It's very odd that one, thanks Reg for providing at least a guess as to why our very own Swiss Tony (BS Bob?) has had to make a statement.

"Buying STFC is a lot like making love to a beautiful women...,erm, I mean, ...  buying a house..."


Title: What's that coming over the hill........
Post by: TalkTalk on Sunday, August 26, 2007, 21:45:16
As Wike Milks said at the Trust forum...

"WHAT THE FUCK IS THIS ALL ABOUT? I've bought and sold companies a zillion times and it ain't this complicated".

Or words to that effect.


Title: What's that coming over the hill........
Post by: SwindonTartanArmy on Monday, August 27, 2007, 09:55:04
Quote from: "Reg Smeeton"
Quote from: "Whits"
Quote

If the “current board” were so worried about media speculation then why not talk to the media specifically instead of this frivolous document which appears to be more directed at the fans than the media?


it maybe directed at fan forums, after all there is alot of speculation going on here a lot of the time and the other boards


 They ususally try and do that stuff, through either a guest appearance from Holt, in some disguise, Bowden has had a go or they use a pastie like SY or Gazza.....in some cases Maverick will do.
:Ride On Fatbury's Lovestick:


Title: What's that coming over the hill........
Post by: chalkies_shorts on Monday, August 27, 2007, 10:25:08
Well the statement is bizarre as things were calming down a bit. Like most people I expect the worst but hope for the best. Well one interpretation is that there is another " no rift". Interesting that the statement is made when our Chairman designate is in the US of A.
May be they've finally seen the Sandy Gray accounts.


Title: What's that coming over the hill........
Post by: Power to people on Monday, August 27, 2007, 11:20:39
I sounds like the same sort of deal that they done with Brady & Co and look how that turned out.

Why do they see fit to explain exatly how the deal is structured though, surely you make an agreement to sell after the potential owners have proved they have the funds to go forward..not wait until aftewr which us how it sounds to me.

Which directors are employed to do a job at the club I can only think of Starnes (Chief Exec) & Gray (Finance Director) and if Little is going to be chairman that I'd say he'd run the club  - that is Starnes out - and of course if they have done their home work they will know that Sandy forget's the VAT so that would be her out, I'd say there may be a clear out on the cards, and I wonder if Lambert will go as well being a dunwoody employee.


Title: What's that coming over the hill........
Post by: millom red on Monday, August 27, 2007, 14:02:44
My take on this is that Due dilligence aint complete what with the "certain documentation within a defined timescale" comment.
This makes me think that they have either A) had a look at the books and have asked for some sort of clarification on Sandy Greys methods of basic arithmatic and have asked AVERY to check out the calculator for malfunction, or B) they aint entirely happy with what they have seen and are asking questions. :shock:
2 of the old lot will remain..1 a director and the other a co.secratary.
The casual director bit throws me a bit, but i would suggest that one of either Starnes or Bowden will stay. These can then be re-elected at the next AGM.

This then leads me to beleive the decision Cotton Eyed Jim and Fob Off BoB made to go public was to try and appease us busy bodies.
 :fu:
 Ive a feeling this could all go belly up.....AGAIN.

 :evil:


Title: What's that coming over the hill........
Post by: Bushey Boy on Monday, August 27, 2007, 15:55:38
Have the investors been made aware of how this business has been run for years? Surely having staff being paid by another company and VAT records being lost etc would make them ask serious questions


Title: What's that coming over the hill........
Post by: ron dodgers on Monday, August 27, 2007, 20:25:03
this is nonsense - as well as bad grammar (I know I'm a fucking pedant)
This is a radical new business model for a football club or a load of bollocks - aint made up me mind yet


Title: What's that coming over the hill........
Post by: wheretherealredsare on Monday, August 27, 2007, 20:33:47
It's a radical new model of how to make a business sterile by financial castration.


Title: What's that coming over the hill........
Post by: TalkTalk on Monday, August 27, 2007, 20:43:42
We're all going to die.

Slowly and horribly.


Title: What's that coming over the hill........
Post by: Phil_S on Tuesday, August 28, 2007, 09:31:00
Nice to know that the board treated both takeovers with an even hand. They wouldn't even talk to the fans consortium , saying that adequate proof of funding was required.  Letters from banks were not good enough. Where as this new lot have supposedly done the deal, but still not provided the same thing.


Title: What's that coming over the hill........
Post by: Reg Smeeton on Tuesday, August 28, 2007, 09:53:36
It now looks to be a double headed monster in the form of the Castro Bros....

   Surely it must contravene some rules for agents to run a club....

   Would a  Sturrock return to Wednesday satisfy all parties?

   If we continue to allow our club to fucked around, we'll only have ourselves to blame for the consequences.....we need some answers to WTF is going on.


Title: What's that coming over the hill........
Post by: Phil_S on Tuesday, August 28, 2007, 10:17:41
Sadly I think we've now lost the opportunity to protest effectively.  A large number of fans are happy with things as they are, & believe that all is rosy. (a mistake, I believe, but most even seem to think the CVA has been paid )Now if Sturrock walks that could all change.


Title: What's that coming over the hill........
Post by: RobertT on Tuesday, August 28, 2007, 11:25:13
Quote from: "Reg Smeeton"
It now looks to be a double headed monster in the form of the Castro Bros....

   Surely it must contravene some rules for agents to run a club....

   Would a  Sturrock return to Wednesday satisfy all parties?

   If we continue to allow our club to fucked around, we'll only have ourselves to blame for the consequences.....we need some answers to WTF is going on.


I'd imagine that if you were an agent and you invested in a private equity fund which in turn purchased a club and you weren't a majority investor in said fund, you'd be ok.

The rules in the Uk are based on not letting agents have a way of directly influencing decisions at the club.  I'd guess if Castros had an investment, along with a range of other interested parties (they might not be thw only ones) then it would be dilluted enough once they buy into STFc that they could legally show no direct ability to be involved.  Of course, in reality they'll probably have some agreement in place in return that they investment fund utilises their company to some extent.


Title: What's that coming over the hill........
Post by: Reg Smeeton on Tuesday, August 28, 2007, 11:56:37
Quote from: "RobertT"
Quote from: "Reg Smeeton"
It now looks to be a double headed monster in the form of the Castro Bros....

   Surely it must contravene some rules for agents to run a club....

   Would a  Sturrock return to Wednesday satisfy all parties?

   If we continue to allow our club to fucked around, we'll only have ourselves to blame for the consequences.....we need some answers to WTF is going on.


I'd imagine that if you were an agent and you invested in a private equity fund which in turn purchased a club and you weren't a majority investor in said fund, you'd be ok.

The rules in the Uk are based on not letting agents have a way of directly influencing decisions at the club.  I'd guess if Castros had an investment, along with a range of other interested parties (they might not be thw only ones) then it would be dilluted enough once they buy into STFc that they could legally show no direct ability to be involved.  Of course, in reality they'll probably have some agreement in place in return that they investment fund utilises their company to some extent.


 Sadly it that all sounds perfectly plausible.....Diamond Mike being an expert at how to run a football club, when theoretically not allowed to do so.

   So, I'd say the next 3 days will tell us all we need to know.....if Sturrock gets his 2 or 3 prime beef targets then all well and good, I'd accept the sale of Brez to part fund them as good sense.   Blaming the non acquisition on the takeover stalling, would indicate Sturrock's departure and the management side being reorganised in a way to suit the Portugeezers......me  :run: