Thetownend.com

A very reliable source told me this morning that Fitton is being deliberately fucked around with the takeover because a certain cunt wants to sell off Ben Tozer beforehand. I'll leave you to guess who that might be and what the motives for doing that are..

I trust my contact 100%, by the way.

Can I suggest that those who have reliable contacts get on the phone right now and try to find out if this is true, because if it is, this really could be the final nail.

Lets not fuck about here. If this is true, we need to fucking know. NOW!

not only does it make perfect sense in diamandisland but i've heard the same as well.

diamandis has two options:

a) drag this out until january, sell off players like tozer and possibily brez, pocket the cash and give up.
b) use fitton to buy time from the creditors until january, sell any players possible and stave off the demise of the club in anticipation of that last big pay-off just round the corner

They haven't got until Jan - Fitton will walk if this drags on as he is not going to be messed about by the likes of Diamandis

How though?

Obvioulsy the club can have an "agreement" in place, so whoever wants him gets him in jan, but unless the takeover is postponed until jan, i can't see how, legally speaking,anyone can benefit financially until Jan?

What i mean is, if we agree to sell someone pre-transfer window, then money surel cannot be paid until the window opens as this would be outside football league rules would it not?

I'm only asking questions because i don't know and it appears you aren't sure either.

Anyone?

Deals can be agreed in principle before Jan i think but i'm not sure about payment etc.

i'm not saying it'll happen, just that in the bizzaro-world that is mike diamandis' brain, he think it's a perfectly viable option.

seven days ago i thought we wouldn't be playing brighton today, so it wouldn't surprise me if by some insane fluke of nature we manage to survive until january.

That's a worryingly accurate post sonic.

Tozer's value will have been assesed as part of the due diligence process. If some cunt wants to flog him before the takeover goes through, that's a variance to the fucking asset register and a probable deal breaker.

Greedy fucking money-grabbing cunts. Sefton fucking Wills better not show his ugly cunting mug in the townend today.

If the club goes to liquidation, they cannot sell the players and pocket the cash. They would be prosecuted for defrauding the creditors. One of the roles of the liquidator is to look at cash removed from the company leading up to the liquidation and ensure that it has not been appropriated by the directors when it should have gone to the creditors.

Tozer only has a value to Diamandis if the sale to Fitton goes through. If the rumour is true, again it is just brinksmanship, with the fat Greek trying to maximise his gain, and Fitton trying to pay only a reasonable amount for the club.

Either they will agree or they won't, in which case the club will be liquidated. They will not be able to make it through to January without a feasible plan to payoff the IR and the creditors. Without that it is game over.

Can't help but laugh really.

They've managed 15 days into a Month that people claimed we'd never see without a takeover completed.  With Fitton going on holiday tomorrow, you can bet if it is all still in the balance by then it will remain so for another 2 weeks at least.  Why does a club have double digit Chief Scout attendance at a Youth game unless one of the clubs has been racking up the interest?  That to me smacks of a shopping trip arranged for the high and mighty.

The fact that the takeover is stalled by the development rights just goes to pinpoint Dimandis' take on the whole sorry affair that is our club.  Until that future prospect is either paid for or somehow completely removed from his sight, he'll see something to keep the business dribbling along on life support.

The stupidist thing is that Ben Tozer isnt worth anywhere near 500k.

Its just Prem clubs hoovering up any young player good enough to make the first team.

Didn't seem to bother the directors of Farepak, & no ones been called top account for that one. I see the "rape" of STFC to be very similar

This sounds so ridiculous its bound to be true..... Anything is possible at STFC.  :cry:

I expect he is also trying to drag it out till after the FA Cup 3rd round game with Barnet just incase we draw big in the 4th round if we beat Barnet, which we wont.

It's not ridiculous, it's exactly the sort of thing anyone who has made their personal income from failing companies would do.  Standard fayre, would be commonly described as Asset Stripping.  Squeeze out the maximum return you can from a dead business before letting it go.  In this case the potential for the business to be used as a trojan horse on a big development confuses the matter a little, so the tactic is altered to try and keep the business trading until that day or until some other mug takes on the daily running but you can keep your finger in the future profit pie.

Farepak argued that they were solvent until the bank withdrew the credit line, and they could not repay the bank. They called in the administrators immediately that happened so did not act outside of the law.

If the Fat Greek took the Tozer money out while knowing that the company was trading insolvently the directorswould be personally liable, and it would be the liquidator, not Adronikou, making the decisions.

going back to tozer being sold... in theory a club could pay for him outside of the transfer window and collect the registration once the fa rules allow them to.

they would, of course, risk paying up for a player who may go on to seriously injure himself in the meantime.

IIRC, you can reach an agreement to sign someone outside of the window, they just are ineligible to play until after Jan 1. That also means that money can change hands early as part of the agreement. Mind you, if there any football creditors outstanding, the league are likely to deduct those monies from any fees payable and the club would only receive what's left after deductions. Away to Man U or Arsenal in Round 4 would be worth around £450-500k., even without TV rights. I haven't included away to Chelsea, as they have to play QPR in the 3rd round, and clearly have no chance of progressing!

haha good old QPR.  Cheers for clarification Mr D.

Greedy fat cunt.............................that's all i can say.

OAF- if that's aimed at me, I would prefer the term 'Festively plump'. Thanks.

mark, i think it was aimed at someone who is still at the club, in a very influential position.

or maybe he's talking about sturrock. it's hard to keep up on here sometimes.

He He, I'm sure you know who it was directed to  :)

we all know all our problems were caused by Mark Devlins over spend last season, remember Bob Holt told us so.....and he is anything but a stupid ignorant bullshitter!





i dont not believe this obviously

If the takeover does collapse can I please request to have Mr D back on board for the creation of AFC Swindon?  :D

only if I get to be manager!

actually we already agreed that in the other thread.

Mark, sign me Parkin!

Thanks for the reminder DV.

I believe everything Bob Holt tells me.....

Now I would call Ruddock festively plump! and I would call him it to his face!

And yes I am aware of the irony of that statement! if not a little hypocritical!

I really really hope that the takeover doesn't collapse. I do not know Andrew Fitton, but his actions and words thus far would seem to indicate that you would have a shrewd businessman at the top,  with a bit of passion for the club as well.

...and you know full well every single Swindon fan would welcome you back Mark.

Thank you DV. Let's hope you all get some good news today.

Absolutely.

Almost every man Jack of us would, without a shadow of a doubt.

But if you did come back, don't put the ticket prices up again Mark! :wink:

He didn't last time!!  He only did what he was told to do by a certain fat Greek of doubtful parentage!