Thetownend.com

Paul Tisdale: Exeter deny Swindon approach for manager
     

Exeter City chief executive Julian Tagg says there has been no approach from Swindon Town for manager Paul Tisdale.
     

http://www.bbc.co.uk/sport/0/football/21572485
     

Exeter Chief Exec: 'And I think it would be strange for him to leave us and go to a club which is £13m in debt.'

Who's going to tell him?

let the ill-informed masses carry on as they are.

It's astonishing how ignorant people in the football community are of what's going on here.

We all know that football fans would rather accept gossip and rumour mongering than facts.

Does anyone know how much the debt is and to whom it is owed?
Would like to see some facts and figures myself if anyone has them.

I think you ill find that Andrew Black and Nick Watkins have stated exactly what the amounts were in the Adver several times in the past few weeks.

I've not seen exact figures. Keeps changing

From Andrew Black in his statement from 2 or 3 days ago.

"Callable debt is an umbrella term for any form of loan for which the outstanding interest and principal may be demanded, or called, for payment all at once in advance of the specified maturity date."

not sure if that suggests we have other forms of debt that cannot be "called"

It is an encopassing term that I am sure somebody will be able to have a go at actually explaining (Si?) or it could also mean current running cost debts that are unpaid due to them being current.

Or it could be rates/rent owed at the CG for the current period or rent to SBC. Being that Jed & Co now own 99% of the club and have said to have bought a club "free of debt" (Black and Watkins words).

Maybe I am too optimistic yet again, I shall shut up and not post anything positive because it seems that whenever I do I get shouted down for being too happy clappy or tolerant, I shall revert back to doom and gloom as it appears to now be the STFC way.

no figures there. Shrewsbury claim we owe them. Wonder if there are others?

there will be no exact figures without accounts I think.

we do know for a fact that most of the club debt was owed to Black and this has now been written off, leaving us with presumably small debts that are paid back at a fixed rate over time?

While it's true that none of us are going to have a handle on the detail, it's fair to say that we can be sure that Andrew Black has taken a huge bite out of the £13 million figure.  His parting gift.

When the history of this period (since 2007) is written, the legacy of the previous owners will probably not be the legacy they would have imagined at the outset.

• On the field of play, they left us in the same division as where they found us; and
• Of the field of play, ground redevelopment/relocation simply never happened.

However, they took the Club off life support, gave it back it's self respect and then wiped out the larger part of its debts.  I think I would have settled for all that back in 2007.

yeah I thought it unlikely. Wasn't trying to trip you up jj. I'm genuinely interested.

we're certainly not in £13m debt, that's a fact.

I hope we find out a little more today with the meeting, they may go into a little more detail about this and we will know, although I do doubt it because I guess from any owners point of view "it is not really our business" even though we as fans do like to think we know it all when we actually know very little of the finances of any club we follow.

The thing is that under Fitton and Wray we were informed much better with good communication which at least made us feel part of proceedings, whether or not that is the case is neither here nor there, we at least felt we were "in the know".

I fear those days have passed us now though and it will be much more cagey running of the club as it seemed to be under Patey, a need to know basis, or even less.

I'd imagine that all of the soft debt within the (old) holding company was wiped. This would've been all of the cash that Black pumped in over the years to fund transfers & the day to day running of the club.

What remains to be seen is whether Black will retain his debenture over the leasehold.

Are we likely to find this out? is this sort of information released at board meetings/annual accounts etc etc?

I expect Black has some form of at least trying to get some money back I would have thought.

Debentures/charges are filed with Companies House, so if it's released we will know about it.

As for the old holding company, depends on what happens to it. If it gets liquidated then we may never know what happened to the debt. For instance, the old Wills/Diamandis holding company is STILL in liquidation 5 years on.

Also, would have thought the Exeter fella would have commented if any money was still owed for TAH - which makes it more unlikely we owe Shrewsbury anything for Collins - contrary to what Methusela said in his programme notes.

I cant see us treating one club differently from another.

BTS Tisdale is very short fav with 5 bookies

http://www.oddschecker.com/football/football-specials/swindon/next-permanent-manager

Alot of transfers do not see all fees paid upfront. I'm guessing the Collins one was done in installments.

No, it was all up front because the tribunal ordered it. TAH would likely have been the same.

what's shrewsburys problem then?

We do owe them money, apparently.
http://www.thisisswindontownfc.co.uk/news/headlines/10250034.Shrewsbury_chasing_Town_for_unpaid_Collins_fee/

Ah, didn't see that. I stand corrected (assuming the Shrewsbury Star article is factual).

you were right. Just that appearances have triggered further payments now

A report by Shropshire Star based on Turner's account

http://www.shropshirestar.com/sport/shrewsbury-town-fc/2013/02/25/shrewsbury-town-still-pursuing-swindon-for-james-collins-cash/

Nothing's changed then. Still two points though...why did it not crop up in the FL approval process if we owe it and the money (if we owe it) was due during a period of takeover negotiations. Do Shrewsbury think they're so important that we should have dropped everything to sort them out before we had finalised a takeover of our own club...?

Turner still seething about last season's 2-1 loss at The CG...sour grapes Old Man, move on!

Was it common knowledge that we paid that much for Collins.

Nice to see that the honourable Mr Turner tried to get him back on the cheap when it looked like we were in trouble, like him even more after that.

If the FL aren't trying to demote us, we've probably not done anything wrong.

Because Turner is a gade A cunt, the man is an utter cock.

Oh and one with a mahoosive chip on his shoulder when it comes to Swindon.

I think we'll only know by what gets filed at Companies House. Interestingly, the accounts for last season are due to be filed by Thursday this week and will have to include significant events which have occurred after the year end but before the date of filing.

The takeover will be one such event.
Debts written off will be another.