Thetownend.com

from today's Adver, only saw it in passing, but why does that not surprise me?

Club say no probs

Sou rce says there's a snag!!

Same old Swindon....

http://www.thisisswindontownfc.co.uk/display.var.1847317.0.its_still_on.php

Baiscally if this does fail it is  the end.

The league have given us until 30 November to complete or its a points deduction i am afraid.

In any case the CVA has failed therefore the so called "supervisor" should be declaring this and winding the company up. Any offers to pay the debts should be immediately snapped up. The club should be forced to accept the £1 offer, they are in no position to negotiate.

The issue is why bite off the hand that feeds you- if the sale goes through a certain person will lose the main source of funding for their businesses

Sou rce...  :roll:

Indeed. There has been nothing official said on the matter as far as I'm aware, just conjecture in the adver

Wait and see then

Placing rumours like this is very stupid if you cannot say who your sauce* is for it as it stands its at least irritating and at most scare mongering.

There is no need to say shit like this unless you can back it up with evidence.

If you can produce evidence then I will publicly admit I was wrong to criticise you for this, as it stands its pathetic.

Be fair to Bart, he isn't the first or last to speculate on a points deduction. It may be guff, but if it were true it would hardly be made public by the club would it. Unfortunately I think Bart suffers from premature 'getfuckedulation', his previous repetitive posts have annoyed so much that anything he posts now is automatically criticised.

As for the takeover, the mere suggestion that there could be a hitch has made my heart sink. The spider sense is working overtime, mainly adding up recent events -  Bape's 'next 48 hours are critical' post,  the plan B statement from the club,  "NEWBIE" (if it is Holt) starting to insist Bill Power has shafted the FC, and so on.

Obviously it could just be rumour/scour mongering/political maneuvering.  It's just we've been here before, it ended in tears befor.

wouldnt surprise me in the slightest .. im fairly sure the current board have never wanted to sell the club anyway

Yes there must be a small amount of truth as Bape has been backed up by the ever reliable Banbers.

I think it will all hinge on MD, if hes out of the equation then it will go through, if he has a finger in the pie still then its doubtful.

We will know by Friday though I am sure with the deal being completed on the 26th as per plan.

I am still quietly confident it will go through, I still think that deep inside SSW does have the clubs best interests at heart but it is time to move on, relinquish control to a new board/owner and look to the future, which we havent been able to at STFC for a long long time.

Finger crossed all round then.

Thats a fucking cop out and you know it

Tell us why you are so sure. You may well be right.

My point too, I am willing to say sorry I was wrong if I am proved wrong....can Bart say the same?

Any chance of a link to Bape's latest, it saddens my soul trawling through that forum sometimes.  If not no worries.

http://forum.thisisswindontownfc.co.uk/viewtopic.php?t=1673&highlight=

thats the post, its a bit short it just says next 48 hours crucial, but it is backed up by Banbury another with great contacts at the club.

Not much there Jan - I dismissed it until you posted the adver article.

http://forum.thisisswindontownfc.co.uk/viewtopic.php?t=1673




and

Lady Wills? Does she hold shares in the club then?

No but a lot of the (now lost) Wills family money that has gone in over the years was originally hers. Plus there have long been rumours to the effect that she is perhaps less sanguine at the amount of the family inheritance certain advisers have been allowed to pee down the drain than other family members

Gillian Wills is a lovely and very down to earth woman, met her a few years ago and to be honest I liked SSW when I met him, James though I have little time for.

Not even when he's standing with us in the town end?!

As I dont stand in the Town End normally I am far too old for that now I am an old fogey!

I respect he is willing to be in and around the Town fans, I am merely stating that as a person on the couple of occasssions our paths have crossed that I don't really like him, unlike his parents.

It was said with a hint of irony mate, I'd be shocked to see him in the town end. Probably too busy watching Arsenal.

oops sorry tails, I wasnt sure if he actually did because I know SSW has hinted he will stand in the Town End as a supporter when the takeover goes ahead....wasnt sure if his (frankly very snobby) son was already a regular there....now I know he isnt!  :D

Fat chance!

I think Holt said he'll come in the town end as well!

http://www.gazetteandherald.co.uk/mostpopular.var.1622427.mostviewed.sir_seton_happy_to_sit_in_town_end.php

I know I read it somewhere! though I think the chance of it actually happening are a little slim!

cheers for the link batch/jj!!

Both James and SSW have sat in the TE in recent years and I've certainly seen James in among us hoi polloi at away games (although not in the past 12 months or so).

why does the adver quote its hit a hitch. if so are the wills informed enough to realise this is the last chance for the club. its like rusian roulette. any minute bang its all over.

It's a bit like bank it or bust on Virgin Radio.

£1........

skiing trip......

£55......

Family trip to lapland....

At the risk of repeating myself. Sou rce is what i said, not tell me what to do to find out please.

What you've said is tantamount to an educated guess, for the sake of saying "i'm right for once!", because you know if the deal collapses, it will be known at the end of the month, ergo, the football league will know.

Besides, even a stopped clock tells the right time twice a day Bartholomew.  :D

Not if you pull the arms of the clock.  Maybe we could try that with Bart?   :wink:

Only kidding, I enjoy Bart's moaning!!

If the takover is to happen I'm sure we will be told on statement Friday, but if there really is a big hitch or it has fallen through then I don't expect a statement until after Sat's game so there cannot be any protests after the game.

Although I suspect if something does go wrong then Wills & Diamandis will stay away from the game to keep a low profile..

I expect Fitton to make a full statement if things go wrong though as he does seem to be a man that will tell the truth...and then he will want his money back that he loaned them (or was it for shares)

I suspect that Diamandis is upset that he will not get a bigger slice of the pie that Wills get's back

i'd say it's a fairly safe assumption that a certain advisor has got his knickers in a twist at being sidelined and is doing whatever he can to throw a spanner in the works.

the question is whether it's too late as the offer is with the lawyers - who surely have a duty to get the club sold if negotiations have reached a stage where andronikou has taken the lead - or if his opinion is worth anything around the club anymore.

i don't think anyone expected this process to be smooth and efficient but fitton seems like the type who is determined to get this deal done and i hope and pray he finds a way.

As my mate at work said, enough spanners have been through into the works to fix the effin thing now!!

So if the roof leaks we know who to blame!

:Ride On Fatbury's Lovestick:

Of course its diamond mike throwing in a spanner- who else?

It will be a wrench for him to leave STFC

Diamond never has wanted to sell from the start.

Thing is- if this did fall through no other investors will look at us- they will see 2 failed takeovers and won touch us with a barge pole.

Diamond has been using BEST/Fitton to buy more time with the creditors, he doesnt want wills to sell for the reasons i have placed elsewhere on here. We can only pray this time wills doesnt listen to him

But then when the HMRC are called in, surely they will have to see if anyone has offered to bail the club out.  Mike D would be fighting a losing battle, as  the revenue could force them to sell couldn't they.  Creditors need to be paid, Mr Fitton would sort this out.  HMRC are not bothered that Mike D and co would like a profit.

Not sure if I have explained myself as well as I would have liked tbh.

Janaage- you are dead right. Someone coming in offering to pay all the debts, surely the CVA supervisors duty to the creditors is to accept the proposal.

But hey andronikou hasnt acted in the interests of the creditors thus far has he! If he had the FC may have got further

Holt just said on the radio that fitton is to meet with andronikou later this week to go through any areas of concern with the deal- this says it all.

There is no rift

Who's concerns though?  Fitton has made his offer and is reportedly happy with that.  Is it Andronikou who has concerns over Fitton's offer??  Clear as mud as far as I'm concerned.  Not good news.

I have a feeling Wills may come to the rescue of this deal, not sure why but I have a feeling they feel enough is enough and now is the time to get this deal through.

I can't see why Mike D would want to stall the deal? What can he get out of making sure this deal does not happen? The club will go bust and he'll look a laughing stock. What can he possibly be thinking? I just don't get it.

   Freddie Shepherd made 27mill out of Newcastle....and he's now looking to buy a new club (northern, probably Leeds), but he says his motivation is that "football is a drug and a very powerful one".

   Diamandis probably thinks something similar....it will be very difficult to give up his fix, and the fantasy of also making a vast pot.

Quote from Bob Holt -

Town director Bob Holt cautiously insisted that he could "see nothing to stop the deal going forward.'' Holt told the Advertiser last night: "Andrew Fitton made the offer on Friday at 7.15pm, too late for it to get it to our lawyers until Monday.

"The lawyers now have the offer and we are waiting for an opinion from them. We expect that on Wednesday or Thursday. The only person who can change the deal is the buyer."

unquote

That seems to suggest that the ball is in Fittons court now, but, as we all know.....what Bob Holt says and what actually happens bears very little relevance to the truth!

No the ball is in the club's court. They either accept or reject it. Simple.

That is pretty much what I thought, it seems to be a wierd statement from the club albeit from Bob Holt.

Fitton has made an offer, the club either accept it or negotiate with Fitton to change it, which seems to be how its pregressed already thus again proving that Bob Holt is talking from his ass again  :?

There won't be any negotiating. Fitton won't change his offer. It's the club's choice. So basically our club's future rests in the hands of the ever trusted SSW and Mike D. If they want to change terms at the last minute then Fitton will not negotiate and he'll walk away.

they are bigger cunts than mclaren and the entire engerland team

Diamandis doesn't give a fuck about football, he's not going to make any doller whatsoever regardless now so what has he possibly got to gain by the sale not going through and the club going bust?  

Yes it's all very likely he's trying to work an angle for himself here but what possible grounds can he have for doing so?

The way I see it is that it's either he gets fuck all and the club go forward...or he gets fuck all and the club goes under.

In terms of him having a business future shouldn't he just shut the fuck up and hope we forget to make sure he never gets a decent job again rather than ensuring he will have Swindon fans tracking his every move to make sure he never gets any job again if this all goes tits up?

I just cannot begin to understand this guy's motivation, it's gone way past money now as they know it's either sell or go bankrupt, so where the hell is he coming from?

It's still money Tom. Plain and simple. If he's not going to get any then he'd rather us go bankrupt.

SSW & the Wills own the majority. If they sell, Diamandis can do nothing.

Basically the hitch is Diamandis.

He is not happy as he has been left out of the negotiations, and is trying to persudae SSW not to sell even at this late stage.

If the deal falls through with the resulting consequences, it is him who will be responsible.

no shit.

Sandy Gray is correct.

Diamond would rather we went bust than himself not profit

Expect a further delay in the takeover now than Sturrock may be off to Plymouth. They will wait for a compensation payout before leaving

why cant these fuckers just sort it out!!! ARRGGGGGHHHHHHHHHH :evil:

Get MD out of the way and it would be

Bart...stop repeating the same fucking point after every reply to this topic. You make a valid point but once is enough

Congratulations Bart. You've now stated the fucking obvious over 600 times.

We're all well aware of what the problems are.

for a small fee, I'll get him out the way :mrgreen:

starting to look like MD wants to take the club down with him.  hes only an employee with his track record he should be grateful to have a job.poisoness muppet.

He's not even an employee.

is he some sort of single cell creature.

No, he's beautiful.

It was reported that STFC have not had any approach yet, and also reported that Plymouth will have a board meeting tomorrow about Holloway. Since we have apparently reached the vinegar stroke in the takeover, IMO further delay is not an option. Coitus will not be interruptus and STFC will either be screwed into bankruptcy or conceived towards an immaculate future.

Diamond has previously gone on record as saying he would take Swindon down with him

Bart, if the takeover fails who would you blame, out of interest?

Mystic Bart says he can seeeeee the letters M and D will be unlucky.

When and to whom old boy?

I fairly obsessively read all of the interviews, press releases and I have never herd such folly?

It was in his head :mrgreen:

In a new attack of deja vu (see other topic) I saw that the problem could well lie with Mike Diamandis blocking the takeover bid. :shock:  :soapy tit wank:

That's the first I've heard of this jj, what is your source?

I can only give you clues as to his identity, its an anagram of BRAT!

I've never heard of anybody called Tarb!!!

Good job one of the Smith's is not captain of Swindon Town, however I don't think there are enough lifeboats for everyone.

Cant the sale of the club be forced upon them?

The CVA is 5 months overdue- surely the creditors can force the issue if it means them getting repaid. Surely any judge in the land is going to say you have to take the takeover for £1, if it means paying the debts and taking the club forward. Greek or no greek trying to stall in the background

Equally interesting is them selling 75% of a holding company that they are presently arguing in court that BP owns 33% of - looks like Sandy's been at the calculator again!

Nothings happened whilst I've been away then?

Probably covered ad naseum, can someone help me out, here, if liquidation occurs the current owners get nothing, nor do the creditors.  

If the club is sold for a quid, that relieves the current owners of debt, and some of the creditors get something if the CVA is paid.  

No deal, then the current owners forgo the said quid, and the club is liquidated, creditors get nothing, no sale, no club, and we are "McClarened".

If there is no deal, could the buyer go to the administrator pay a quid and the CVA, with the previous owners having no say?

Could the administrator hold an "auction" before liquidation, with the new owners accepting a points deduction?

It must be more complicated than that, or is it?

No just rumours that a deal will not go through. The offer has been submitted to the clubs lawers and that's about it.

No. Please see the 300 or so previous threads on why the CVA supervisor does not have the power to force a sale and why the creditors may be able to force the CVA back into court but would run the risk of liquidation rather than a forced sale.

Luton have just been handed to administrators with a view to sell the club - on a completely unrelated topic, well not completely unrelated but you know what I mean.

For the umpty hundredth time much of the above re forced sales etc would apply if we were in administration. We're not, we're in a CVA, which is how we came out of administration. The administrator has powers to sell a business, the supervisor of a CVA does not. He can however put pressure on the current owners by threatenng to collapse the CVA (which in this case would effectively kill the business) if they do not agree to sell. But that's very different from the legal power to sell against their wishes.

If the club is sold for a quid, that relieves the current owners of debt, and some of the creditors get something if the CVA is paid.

No deal, then the current owners forgo the said quid, and the club is liquidated, creditors get nothing, no sale, no club, and we are "McClarened".

Thank you, it's that simple.