Thetownend.com

http://www.thisisswindontownfc.co.uk/display.var.1920560.0.conditional_deal_finally_signed.php

Or is this late news?

GET IN!  :beers:

False dawn.....

A CONDITIONAL agreement has finally been signed by Andrew Fitton's consortium as their protracted Town takeover saga comes to an end.

After months of wrangling the duo now have 75 percent control at the County Ground and will immediately set to work on addressing the day-to-day issues.

The buyers are expected to clear all immediate debts as soon as possible, with the Inland Revenue close to losing patience, and will start the hunt for a new manager.

advertisementProperty developer St Modwen's still need to approve the deal at a board meeting before the conditional deal becomes a permanent contract, but neither party expect any problems.

thats old wording more or less but jus posted can only hope its true

Praise the Lord!!!!!!!!!

God bless St Fitton!!!

:beers:  :beers:  :beers:  :beers:  :beers:  :beers:  :beers:  :beers:

So 11th Jan is new deadline??  According to official website.

Now does MD have anything to do with St Modwin, or is this really the begining of the end.

http://www.swindontownfc.premiumtv.co.uk/page/NewsDetail/0,,10341~1195904,00.html

11th of Jan, right after the FA Cup 4th round has been drawn...

Yeah it's not done just yet and it's only conditional but fucking hell it's a huge step forward!  :beers:

Its on the official site too....

if they've signed a conditional agreement of sale, they would presumably break this contract by refusing to sell the club, no?

i think this is good news but i don't feel excited.

what I'm getting at is is that the negotiation with Wills and MD finished with?

My Lord I hope so!!!

:? Not sure what to think of this

mmm not exactly what i hoped for but at least it hasn't collapsed...yet, a long way to go before this is over.

woohoo.. i think

Do I have to do anything? :shock:

:beers:   :beers:   :beers:  BEER TIME!  :mrgreen:

[DV]We won't even get there unless we get a manager in NOW![/DV]

Someone pinch me  :D  :D  :D  :D


I COULD FUCKING CRY I REALLY COULD

get the beers out!!!!!!!!!!! :P  :P

Just need St Modwen to say ok now..

Afraid not

If the condition about the club not being owed anymore monies proves false or is broken, then the contract is null and void and we are back to square one (either he pulls out or sits down with them again)

Sorry

but that is what conditional contracts are all about

Shit....


STFCJeffrey was right. :shock:








Only fucking kidding!!!

still crack half a can open i have

Cautiously welcomed

i might be wrong but my understanding of it is:

deal has been signed, fitton et al are now in charge.

it is conditional on the basis they need to satisfy the creditors - primarily HMRC - and sort out details with st modwen regarding future redevelopment.

the most important thing is that by putting pen to paper on a deal, wills and diamandis effectively can't fuck anything up further.

tell me im wrong, I fucking dare you....

Indeed Fred. But good news it has to be said. The Adver site says they don't expect any problems. We shall see i suppose. But for now i'm celebrating!

tell me im wrong, I fucking dare you....

but surely the HMRC will be aware of this takeover now so it'll be harder for wills/diamond mike to move the goalposts now.

 I hope you're right thats always been the main problem alledgedly

you're wrong Dan.

I'm just relieved I don't have to spend another day tomorrow constantly checking the internet for news; i better do some work before the hols kick in!

I'm reasonably confident all will be ok now; going to enjoy xmas and New Year and roll on January 11th/12th.

That is correct. The adver says they are going to clear the debts now!  :beers:  :beers:  :beers:  :beers:  :beers:  :beers:

me too must be close to getting a bollocking as i have my back to the main entrance by a window!

Lighten up Fred, its nearly Xmas. :) This is the best news we could hope for at this stage  :beers:

I was expecting the announcement to say they'd walked away.

Woot.  :D

hey

I'm ok pete

I have had so many false dawns in my time, please accept my apologies for the belief of the saying in the movies,

I need to see his body here in front of me until I know he is dead

A cruel analogy maybe

but true none the less

Like I said, cautiously happy

well at least its a start

Does this mean that all the people that said they would boycott Saturday will now conditionally attend?? :wink: Mind you if this frost stays around we can all demonstrate outside because there wont be a game. :|

I'd imagine things will become clearer tomorrow, but this looks like a huge step forward to me... afterall this is what we've been waiting for all week, isn't it?

So, do we relax and let them get on with it or are we still on for protests at the weekend?

So,

Will Fitton and co clear the debts immediately, or will they wait for January 11th?

Somehow not as excited and pleased as I thought I'd be.

YYYYYYYYYYYYYYYYEEEEEEEEEEEEESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS!

I'M FUCKING DELIGHTED

Good enough for me .. Ill be attending after all this Saturday and the Cup match .. will review on 11th January ... but hopefully we will now get a decent manager

Same here, I think we've heard it all so many times and had so many false dawns it's hard to get too worked up about it, as before you know it it'll be snatched away again.

I'm with Fred on this, a massive step forward, BUT it could still go wrong - it's only conditional and this is Swindon Town we're talking about. Still...any excuse to drink some beer though

so, do we have new owners now?

do we have new people on charge

have SSW and MD left the building?

I think that the 11th is a deadline that it has to be done BY, and not neccessarily the date that it WILL be done.

Kind of like Saddam's Hussein appeal COULD have taken up to something like 60, but he was actually killed in well less than 60 days. (Or is that a bad example?)

I think your right Bangkok but i doubt it will get done now until the new year. Let's enjoy our christmas and worry about it in January  :beers:

Thats a cunting ace example BR

People are thanking SSW Now on thisis, Sorry but he is part of the problem we fucking had because he wouldn't budge. Swindon fan my arse. Don't let the door hit you on the way out.

What worries me is the idea that Fitton and Wray could clear the debts, only to have Wills and Diamandis do something to invalidate the deal, and somehow retain control of STFC with the club debt free.

I'm sure Fitton's lawyers must have taken huge steps to prevent this though, its just I'm beggining to suspect Diamandis to have evil superpowers of some kind.

Fuck it. GET IN GET IN GET IN!!!!!!!!!!!!!!!!!!!!!!! :beers:

Yeah,

And Duke of Banbury is saying "I told you so", just like Bart would have been if it fell through.

He will get fucking dogs abuse if I ever see him again

and as for that greek cunt

well


you can run but you cannot hide you fucker

I'm coming to get you and give you a fucking good shoeing

So help me god, Ill do time for you, you cunt

How about that then

Barnard: Fitton is no mug by what he says. Lets just enjoy it!

Has anybody informed our yellow friends on thisisunited of our good news :mrgreen:  :mrgreen:  :mrgreen:

Now theres a plan!

WE;RE SO RICH ITS UNBELIEVABLE!

:D

Good point Barney. A little bit of me can see Diamond Mike sneaking around in the background, pissing himself laughing with a cunning plan to pull the rug after Fitton and Wray have settled the pressing debts.

I hope that they have better lawyers than Bill Power and Terry Brady did.

Fred summed things up nicely. A very cautious welcome is in order. Nothing more than that till after January when the shares actually get transfered and they can tell Diamond and Wills to fuck off.

Fuck it no more angry mobs for the timebeing is going to be very therapeutic.......should delay grey hairs showing by another few years now  :beers:

yes. fitton and wray under the guise of swindon town football holdings limited now own 75% of the club.

yes. fitton now calls the shots as majority shareholder.

not sure. i think SSW might retain a minority shareholding, no idea about MD...

Done already :D  :D

http://www.oxfordshireforums.co.uk/topic.asp?TOPIC_ID=73423

:mrgreen:  ace!

the biggest problem now is that i need to find some money to buy a ticket. fucks sake

Cheerio diamond............................. :beers:

Bit of carole singing should do the trick. 8)

carole king? carole carpenter?

i have no neighbours either.

You are going to go down like a hotdog salesman at a synogogue on their :D  :D  :D

You know I put 'carol' the first time, then edited it because I thought it looked wrong and then put 'carole' - bit a thicko. :?

Money raising: 'Wash a couple of cars in Tescos car park' :wink:

For me, there's only one reaction to the signing of a Conditional Agreement...

conditionally brilliant!!

I still feel as if there are hurdles to jump but, for now, my glass is half full.  I hope we'll have more to celebrate on Jan 11th.

Half full?  you need a refill man!

Iv'e run out of beer.

Cunt it!!!

 :mrgreen:

Mega fucking http://www.theunofficialmikediamandisfanclub.com/forum/images/smiles/woot.gif

http://www.theunofficialmikediamandisfanclub.com/forum/images/smiles/dance.gif

Whilst I appreciate there's still a long way to go, can we not just enjoy the "result" without worrying about the next "head to head" will no doubt will take place.

Go out, enjoy yourselves, let's worry about the next steps in the morning!!!

Does this mean I have to go to the game on Saturday. Fuck it, sitting in the pub was never a real protest.

Yay.

Yay and dark lager.

Yay, dark lager and a hangover tomorrow.

Yay, once more...

you had better do what janaage says, else he'll put all yer sodding personal details up on the internet .

 :twisted:

 I can't see the game being played with this weather.

  This is a small step....but as long as teh phrase "the vendors have to" appears I don't think we should be celebrating.  I wont rest easy until the vendors are history.

Shamone!!!!!!!!

I'm not going back til fittons gone   :wink:

I think cautiously optimistic celebrations are aloud Reg. It's been doom and gloom for so long now that I think we all deserve a night off.

   Fair enough....don't let me stop anybody going ape,  I'll save myself for tomorrow.

fucking right, i'm celebrating this weekend and i'm going to enjoy saturday, the rest of the shit can wait until after christmas - this is a huge step forward that we doubted would happen so fuck it - enjoy the moment.
 :beers:  :beers:  :beers:

Thank god our club is saved!

I think that SW only held around 75% anyway, and Diamandis will have no shareholding at all

Now let's wait for Holt & Co to resign

Ohh happy days  :beers:

Not me...I'm just the messenger, I would never dream of ever winding up our Poxford chums.  :D

Thats all that matters! See you all Saturday!  :beers:  :beers:  :beers:

they're starting to bite nicely

I did like this comment posted on thisis...

Posted by: nelly180, Surrey on 9:15pm today
All that is required now is a final bye from the current board by participating in a half time entertainment this Saturday of being Hung Drawn and quartered in the centre of the Pitch.
Thank you to one and all.... See ya Saturday

Diamandis has/had McMahon's shares - remember, he bought them "for a laugh".

I meant as in he will not have any shareholding left as he would have sold out to Fitton & Co so he will have no links left with stfc - thank fuck

Gutted that I cant make it Saturday really looking forward to Swansea game.

Im off to bed now, but just to say well done to everyone who has taken the time to help get this result. Not just Wray and Fitton.

People may say those people who stayed behind the Arkells on matchdays had no effect, but we will never know. Im sure weve got the result we all wanted. UUUU reds.

Whoa !!!!

Not necessarily

we dont know who retains the remaining 25% in the holding Co yet, so dont go popping corks just yet

Yep - well said Fred. SSW had the 75% that was sold to Fitton ... we don't know where the other 25% is. Mikey the Greek might still have a minor interest.

either way, it's a minority shareholding and can you see fitton even paying him the blindest bit of attention? i can't!

agree with spencer as well - big thanks to everyone who has backed protests and so on and blah blah. you know what i mean

Well according to Companies house (and notwithstanding any legal action by BP & PE) Snotty Son had 66.5 % and Smelly fat cunt had 33.5%

Tim old but dim was never a shareholder in the holding co

Now, it all depends on how that has been segregated and trimmed to get to Fittons 75%

Sorry, but this has got a few more twists and turns yet.

Anyway

Lets just enjoy this Xmas shall we ?

I'm still cautious about the whole thing, but it does look promising. Anybody got a dial a suitable whore number? The most appropriate thing now would be to get a soapy tit wank.

The first statement from the new guys is going to be an interesting read tomorrow, they kept saying that they had one prepared. So nice to be speculating on the positives again :D

I'm not going to get carried away but it's a step in the right direction and is definitely wort hcelebrating. I must admit I feared the worst when I saw the statement up there.

I hope it works out. I miss the days where general discussion ruled. The boardroom section has been taking over a bit recently. I hope it goes back to normal.

And a message to all you cunts who sit around just stirring shit on the boardroom section, never posting in the non-footy bit, and never really saying anything useful - You can all fuck off and not come back. Seriously, you'd all be banned by now if it was up to me (I do have the power, you're lucky I've been sobering up over the last few weeks). You'd at least be banned from the football side of things, but we were all a bit lazy and it involved reconfiguring settings and we couldn't be arsed.

If this goes through then I expect all you cunts to either fuck off or give yourselves some personality. You've well over done you whatever% football quotient.

You know who you are.

long live the bollocks!  :beers:

I went on my xmas do tonight but had to come home early due to the babysitter (thanks mum). Did I miss much?

When the deal fell through the first time, Fitton said something like "normally you wouldn't buy the club, you would buy the assets" but because the deal was so complicated, they were having to buy the club itself.

I *think* I'm right in saying that they have bought the shares in the club itself, and not the holding company - the old holding company must own the 75% of shares in the club that have been sold.  If this is right, then the other 25% are probably minor shareholders.

Wills and Diamandis' shares are in the holding company - this must have been how they got around the problem of the club claiming that Bill Power owns shares - the argument is whether or not Power owns shares in the holding company, not the club.

You're absolutely spot on - Wills/Diamandis have sold up lock stock and barrel. This deal is done. We're safe. On the piss Saturday.

woooooooooooooooooooooooohhooooooooooooooooooooooooooooooo!

Sorry Ben  :D

seriously?

holy shit. i never thought i'd see the day.

know any details about the conditions of the agreement?

ITV said the conditional on the sale surrounded the development rights, which is obviously where St Modwen come into it.

I'd just like to congratulate everyone who was any way responsible for getting rid of the corrupt cunts. I know it's not quite over till Jan 11th, but this rant can't wait that fucking long.

To all TEFfer's:

For all those arguments on the forums over countless months with Maverick winding everyone up. For the fledgling protests supported by only 20 or 30 fans, with Bob Holt taking the piss from behind the safety of the exec lounge widows. For all the fucking trust leaflets thrust into my hand on a matchday, whether I wanted one or not. For all the debates and arguments about the cunting friday statements from the resident greek piss head. For the fantastic big yellow blimp and youtube expose. For the brilliant and systematic ridicule and ousting of the joke that is and was Mr. Whippy. For the fuck-load of Orange hats and tee shirts. For the coffin and the dodgy greek bloke pound notes. For the 900+ protesters last week in the fucking cold and damp and for the alleged acts of, erm, 'protests' that may have been slightly on the moody side of the law,  I fucking thank you all :beers:

I'll no doubt get banned for updating my avatar with an apt, if slightly controversial image, but I don't give a fuck. (apologies in advance to the mods, I completely understand the need for your actions guys - I just hope you don't notice it too soon:-)

To the cunts that have made our lives a fucking misery for so long, I give you an abridged version of Bjorge Lillelien's famous outburst on Norwegian TV when Norway beat England 2-1 in Oslo in a World Cup qualifier in Sept 1981.

From 20 or 30 STFC busybodies:
 
Bob Holt............Mike Bowden...........Seton Wills.......... Andrew Andronikou...........James Wills.............. Willie Carson......... Martin Starnes...

Mike Diamandis........ Can you hear me Mike Diamandis?????? Your boys took one hell of a beating,,,,,,,, Your boys took one hell of a beating! :Ride On Fatbury's Lovestick:

There are conditions relating to St Modwen and the Revenue. We're not expecting these to cause serious issues. The problematic bit has always been getting rid of those who thought they had a right to keep sticking their snouts in the trough. That's been done today. Look, I know we're Town fans and as such wholly unused to just plain good news and I certainly don't blame anyone for looking for the hidden bad news we're missing, but for once I think we're genuinely looking at just plain good news here. Go out and enjoy it.

Obviously as we are Swindon Town doubtless there'll be some ridiculous mishap (League deduct us 500 points for "offences in the sight of the Lord", CG gets eaten by rampaging Godzilla-style freak dinosaur etc) but this is that very rare thing for Town fans: genuine pukka good news.

For the first time in I don't know how long, I'm going to be able to go and watch a game of football on Saturday and worry about nothing more significant than the appalling offside decisions and the state of Corr's back. Halle-fucking-lujah.

as much as i agree with every word of that post, you're still a cunt  :D

....or you could start worrying about the fact we dont have a manager!

Martin Ling please.

you must be on a fucking wind up DV.

Shit, you mean no more politics we can just concentrate on football. That means I have no excuse at work not to work, erm, Fitton out! :) :) :) :)

Seriously, I won't rest easy until the conditions have been met, but by god it feels good at the moment.

I can see why you would think that, but we actually dont have a manager

we all know that, it's just the way you've posted that in a Bart-esque style in every fucking thread going that makes me think you're fishing for a response.



Which I've just given. Bugger.

every thread, really.....maybe I dont even realise im doing it  :shock:

I'd like to make it clear that I wasn't moaning baldy.  :D

On the upside, and not wanting to get too rose-tinted and all that, we do have a football club. Priorities and all.

aint trawling the thread so sorry if this has been done.
but the word "conditional" rings alarm bells for me.
until everything is deffo sorted i will refrain from getting carried away.
its much better news than i was expecting but the delay and the fact that there are still strings attached means it could all still come crashing down.
i still aint going saturday and will see how things develop over the next few days-weeks.

incidently,why couldn't st mowden see the plans-takeover agreement and give the thumbs up or not?
its not as if there hasn't been time to

arriba, it's sorted. Just be fucking happy for once can't you? ;-)

i'm not unhappy paul.just not over excited.YET!!!

i'm excited. i've listened to the rocky road to dublin half a dozen times in a row now.

my work here is done, i can return to the motherland

The conditions are nothing really.......I cannot see St Modwen being a problem the HMRC will be paid very soon i would imagine, as long as Wills/Diamandis are out of the way and cannot wreck this takeover then i would say for sure that the takeover will be confirmed properly very soon.

What news to wake up to

Heard the news last night , Best Christmas present ever for long suffering Town fans, Roll on tomorrow.

I'm a bit underawed by this - it doesn't sound like the club is "sold" to me.

Until Fittons men have moved their desks in and the money has changed hands, I'll remain sceptical.

They take charge today don't they?

Nothing is going to stop me being excited by this announcement whatsoever, we have had so much shit I am going to grab any chance I can.

Fitton takes over officially, I think the conditions will be met and we will have our club back 100% in the hands of people who now care about our future.

Looks like my timing was immaculate then - see you all at the party tomorrow????

I refer all of you pessimistic sods to PaulD's post.

Only 12 hours ago or so people weren't so sure Sam, why the sudden change of heart.  Fred was very underawed by it all.  Paul D a couple of days ago was saying how a "conditional" deal meant nothing.

Now it's 100% done?  I'm confused.

(not meaning to be down about it, just worried this isn't all sorted yet).

I'm sorry Sam, I just can't let myself get excited until it's all done. With all due to respect to Paul I'm not taking his word for it alone.

why not flip it around?

wills and co have finally agreed to sell the club. and not only that, but they have agreed to do so as long as they can fulfill a load of conditions.

in the parlance of our times, it's a bit like buying a house and saying i'll only buy it if you re-furbish it to my taste, and if i don't like it then i aint buying.

The important bit is that Wills/Diamandis have sold their shares to Fitton. They have a large controlling share. Everything else will lead on from this decision.

They still have to go back to St Modwen. And we do owe them a lot of money. But they have budgeted for it.

This is the day the ownership/running of the club changed hands.

The third party (St Mowden) still bothers me a bit. It's like agreeing to refurb the house Lebowski, then the builder pissing in your wardrobe :D

I'm not a business man and don't pretend to understand the ins and outs of it Spence.  So the shares have been sold, or have they conditionally been sold?

Sorry for being simple about this!

I'm in the same boat janaage, I'm still a bit confused.

Dont be confused....

For the last 18 months we have wanted wills and diamindis to fuck and now they have signed a legal document sayingthey will do so. The things that need to be sorted ie st Modwen and the inland revenue are surely things that Fitton has already looked into and allowed for

A couple of days ago I was reacting to the immediate news of a "conditional" agreement, and expressed concern about what that meant. Now we have a clearer idea what it means, and hence I'm not concerned. Fred was just getting the wrong end of the 75% stick. Go celebrate you miserable bloody jock  :D

You can't blame us for being a little nervous about the events to come in the next 2/3 weeks though Mucca!!

It's like seeing the horse you've backed clear the last hurdle at the Grand National, it's a good 5 lengths clear of the tiring horse in second, just got that long straight to go to win you your money, you know it should win, but you never know....

That's the way I feel right now.

Mucca  :D

So if this was the Grand National would you say the horse you've backed has won, subject to a stewards enquiry (and you know your horse has done nothing wrong)?

My understanding (please correct me if I'm wrong!)

- Fitton & co have set up a new holding co, buying the shares of Diamandis and Wills (75% of the club) the rest is small shareholders I presume?

- The way I read the issue with St Modwen is that a deal has basically been agreed with them, just needs to be signed off by th relevant people on 11/1/08.

-Now that the conditional agreement has been signed there will be no further last minute amendments - the price and what fitton is buying is now legally binding

Speak for yourself!!

:Ride On Fatbury's Lovestick:

sorry mate sex on the brain

See you in lé pub, don't be late.

OK darling xxxxx

 :fag:  :guinness:

Blimey, what a difference Andrew Fitton is. I wrote to him this morning, welcoming him and his consortium to our club and thanking him for securing the club's future and I get a reply within an hour - despite, I presume, him still being on holiday.

I don't think I can get used to this 'being replied to' from someone connected with Swindon Town

am thinking exactly the same thing. nothing would surprise me with diamandis. really hope it's true that he's no longer involved in proceedings. hope there are no more twists in the tale & the deal runs smoothly from now on. but as long as it's only 'conditional' I'll find it hard to get too excited.

Just woke up from an eye-watering Xmas piss-up and logged on expecting nothing to have happened but.... :D  :D  :D  :D .  It's probably been said elsewhere  I'd like to propose a toast to the Trust  :beers:  I wouldn't have known a bloody thing about what was going on or been bothered to get involved without you chaps  :beers:  :guinness: See you all for a beer tomorrow

Made up with the news even if it is conditional.  

Hopefully to deter Mike from pulling another stunt there will be some degree of protection over funds put into the club by the consortium to cover the debt and investment in the team.  I have images of us getting to January being debt free with a top manager installed only for Mike to pull the carpet out from beneath us all, move the goal posts and collapse the deal taking over a ship on an even keel.

Bollocks though it’s Friday and I’m made up all the same.

I recall there being a quote earlier in the week regarding them releasing a statement as soon as it was signed off showing board make up, plans etc... so where is it?

This lack of information is dreadful.... Fitton Out!!

no.

just no.

I just said my piece, perhaps a little patronising yet empathic at the same time.!!!

Theres always going to be that feeling that it still might go tits up  though ,but can you blame any of us how many times have we been burnt before:(

Of yes of course. But Mike D won't be sat at the table with St Modwen. Fitton and Wray will and i'm sure it will be fine.

In Fitton's interview the weekend he said 2 of the 3 conditions he beleives have been sorted all that is left is to deal with HMRC - the interesting thing he mentioned was getting them to sign up to an agreement (I think was the word he used) and that it may take slightly longer due to christmas, this to me sounded as if they was not going to be paying HMRC either the whole lot at once (perhaps installments ?) or agreeing the amount that is to be paid.

Did sound a bit strange as I would imagine that to pay HMRC is as easy as transferring the money.

No word on if the CVA has been paid though - assume it has though and Androniku can join his mate Diamandis is taking another company to the brink.

I expect it's the amount. With Sandy's cracking book keeping they might not know the exact amount ...? You don't want Diamond Mike saying it's x amount and HMRC saying it's x amount plus another £3million or something.

Also, are there not fines etc for late payment? Perhaps they're trying to negotiate those down...

It's probably calculating the liability with all the surcharges and interest thats accrued on it.

I'd have thought that all the issues would need resolving before the actual payment took place.

Yeah, that too  8)

I see the doom merchants are still around on thisis :

http://forum.thisisswindontownfc.co.uk/viewtopic.php?t=2321