Thetownend.com

Holy crap. This is from the todays Adver...
Swindon Town: BEST would not play ball - Diamandis
Comment | Read Comments (1)
MIKE Diamandis today reveals the behind-the-scenes issues surrounding the Town takeover saga.

After confirming the club have agreed a deal with a new investor, which is hoped to be concluded on November 16, the Wills family's advisor has explained why the deal with BEST Holdings broke down.

He admitted that an £8million debt to shareholders caused a problem between both parties but insisted the reason he pulled the plug on the deal was because BEST had not fulfilled agreed financial commitments.

Diamandis also revealed that the new investors want the current board to remain upon completion of the new takeover and that they are so wealthy that "a million pounds is neither here nor there for them". :cry:  :cry:

In a desperate plea to fans he urged them to get behind the club and warned that should protests turn violent it could spell the end of Swindon Town.

During his exclusive interview with the Swindon Advertiser, Diamandis insists he is still at a loss to work out exactly why BEST failed to deliver what he believed they would.

He maintains the club's majority shareholders, the Wills family, have never been motivated by greed, revealing any future profit would only be triggered by stadium development.

Diamandis echoed the club's claims yesterday that a payment of £8million over five years was in fact a suggestion from BEST Holdings as they looked to get the best deal they could out of any future development. He said: "We signed the deal (with BEST) and were told agreed payments would follow in 10 days.

"We then left it another six weeks. A contract can only be completed with the money.

"There were continuous discussions on how the contract could be amended. There were no issues left, all we were doing was waiting for the money.

"The deal kept changing and our lawyers kept redrafting. Eventually I did not want to pay any more deals until BEST put up £250,000 to go to the Inland Revenue."

BEST representative Jim Little said last night he would only comment after reading Diamandis' full interview and consulting his lawyers.

This lot must go roll on Satur :D  :fu: day

Ace.....it will keep Sturrock in place and provide us with hours of amusement.

"Wants the current board to remain" . . . . then end is nigh!!

Great.

Another article by the adver which will no doubt spark lots and lots of posts on internet forums.

And little action..........................

well myfootballclub.co.uk wants the current board of the club they buy to stay in place and they are very heavily backed financially ...

but it all sounds like more bollocks to me

 :wall: Fucks sake its not myfootballclub.co.uk I think we can all agree on that.   :groan1:

Can we read this to mean the new investor has paid £250,000 to the Revenue or a million (as it's neither here nor there - yep right - the wealthier people are the more tight with their dough  I find)

The new investors are local. This scam isn't local!

FFS Fatters shut up

I think "very heavily backed financially" is a massive exaggeration. The site is to raise £1.375m... It won't get anymore than that and in terms of our debts and costs, that money would be like a drop in the ocean.

You should have twatted him when you had the chance at the Cheltenham tinpot trophy game, christ you were wound up enough.

just trying to add some humour into a very dark time ...  :?

The problem with your humour fatbury, is that nobody else finds it funny but you  :o

 I like Fatters humour, very self depracatory in a subtle sort of way.