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Title: Another Year In The Red Post by: Samdy Gray on Monday, March 10, 2008, 08:16:41 Fitton in today's Adver:
Quote ANDREW Fitton has warned Town fans it will take another year to clear the club of all the debts that until recently threatened the Robins' very existence. The Town chairman has promised massive progress is being made but admits it could still take another 12 months before the finances finally get back on course. He is also keen to one day seek a voice for Swindon on league committees and help have a say in the future of the game. Millions of pounds of debts owed to various creditors, including the tax man, saw a winding-up order a very real prospect until Fitton's consortium rescued the club in January. Regular and on-time payments are now being made to satisfy debtors but Fitton admits the past financial mess has brought a lot of uncertainty to the County Ground. Former Town midfielder Paul Ince is still owed money for his short time in Wiltshire, while Bill Power's attempt to get £1.12m back is expected to reach High Court in July. Fitton said: "Things keep coming out of the woodwork. "An invoice arrived for £90,000 to do with the time with Best Holdings the other day. "As far as I am concerned it had nothing to do with me so I sent it back." http://www.swindonadvertiser.co.uk/sport/swindontown/headlines/display.var.2105209.0.fitton_exclusive_town_face_another_year_in_the_red.php Title: Another Year In The Red Post by: STFC_Gazzza on Monday, March 10, 2008, 08:27:36 Nice to see everything was disclosed by Mike D and crew then? :x
Title: Another Year In The Red Post by: ron dodgers on Monday, March 10, 2008, 09:49:46 I don't like Ince any more
Title: Another Year In The Red Post by: Batch on Monday, March 10, 2008, 09:50:08 Not really surprising that things can't be put right over night.
Quote Fitton said: "Things keep coming out of the woodwork. "An invoice arrived for £90,000 to do with the time with Best Holdings the other day. "As far as I am concerned it had nothing to do with me so I sent it back." 90k is no laughing matter, but the way that bit is put made me laugh. Title: Another Year In The Red Post by: Luci on Monday, March 10, 2008, 09:55:04 I like the way hes being so honest though, no false pretences.
I think we'll always be Fittons red and white army :mrgreen: Title: Another Year In The Red Post by: broomfield on Monday, March 10, 2008, 10:17:08 With the way that Wise has got all of his old mates and his agent high paying jobs at Newcastle is it any wonder that we're now faced with his mate Ince trying it on!!
Money grabbing pair of bastards!! Title: Another Year In The Red Post by: pauld on Monday, March 10, 2008, 10:22:37 Quote from: "broomfield" With the way that Wise has got all of his old mates and his agent high paying jobs at Newcastle is it any wonder that we're now faced with his mate Ince trying it on!! He had a contract, we bought him out of that contract then didn't pay the money agreed. Hardly "trying it on" Title: Another Year In The Red Post by: Colin Todd on Monday, March 10, 2008, 10:28:08 I'm sure I remember Ince leaving via "mutual agreement" with the inference that he wasnt after a pay out for the remainder of his contract?
Title: Another Year In The Red Post by: strooood on Monday, March 10, 2008, 10:56:52 i think this really just highlights how much the previous board pocketed.
seems like they took every last penny generated and didn't actually pay any of their expenses. Title: Another Year In The Red Post by: Batch on Monday, March 10, 2008, 11:03:33 Quote from: "Colin Todd" I'm sure I remember Ince leaving via "mutual agreement" with the inference that he wasnt after a pay out for the remainder of his contract? Without further info mutual agreement could mean anything couldn't it? As long as both parties 'agree' all is good. Title: Another Year In The Red Post by: Colin Todd on Monday, March 10, 2008, 11:39:28 Quote from: "Batch" Quote from: "Colin Todd" I'm sure I remember Ince leaving via "mutual agreement" with the inference that he wasnt after a pay out for the remainder of his contract? Without further info mutual agreement could mean anything couldn't it? As long as both parties 'agree' all is good. I know, I think it may have been "spun" at the time that Ince was effectively tearing up his contract though I cant find any article saying that on google though. I give up Title: Another Year In The Red Post by: RobertT on Monday, March 10, 2008, 11:49:57 should I be blaming Malpas?
Title: Another Year In The Red Post by: Colin Todd on Monday, March 10, 2008, 11:51:28 Quote from: "RobertT" should I be blaming Malpas? Yes. And Ralphy Title: Another Year In The Red Post by: Simon Pieman on Monday, March 10, 2008, 11:53:36 I've never seen Ralphy and Malpas in the same room....
Title: Another Year In The Red Post by: pauld on Monday, March 10, 2008, 12:08:39 Quote from: "Colin Todd" Quote from: "Batch" Quote from: "Colin Todd" I'm sure I remember Ince leaving via "mutual agreement" with the inference that he wasnt after a pay out for the remainder of his contract? Without further info mutual agreement could mean anything couldn't it? As long as both parties 'agree' all is good. I know, I think it may have been "spun" at the time that Ince was effectively tearing up his contract though He was. In return for a pay-off. And to be fair to Ince, he could easily have pursued the amount he was due much earlier and put the club in yet further trouble via winding up orders/embargoes etc but left it rather than make the situation worse. Title: Another Year In The Red Post by: Power to people on Monday, March 10, 2008, 13:56:55 At the time as well with Wise as manager it wasn't as publically known that we had dire financial troubles so he probably would have quite happlily accepted a pay off.
Perhaps he will now accept a reduced amount though to limit our debts and enable that money to pay off other debts. I'm waiting to hear of all the invoices that come in from Dunwoody for services rendered that was never claimed for previously !! |