…but even if it is Laundry service he needs to sell to get the money out?

Assuming he’s putting dirty money (his and / or others) into the club as loans then isn’t the pay off selling the club & having your debt settled?

I’ve always assumed it was a case of taking money out as ‘admin expenses’ into his personal account to then put his (the clubs) money back into the club as a loan to cover the loss (he’s created) thus turning club money into his own money but again the pay off for that is selling the club & having your debt settled.

So either he does want to sell or is just playing hard ball because the plans hinges on being in a strong selling position & selling for more the clubs debt.

If it’s none of them above it has to be dirty money into the club as loans. Clean money out as admin expenses & for that to work ‘they’ have to be sitting on millions & millions. That method cleans the money but again the cherry on top wouldn’t still be selling & having the debt settled.

Could be taking rubbish - as clearly not an expert on the above subjects but to me anyways - making a profit out of STFC clean or otherwise massively rests on selling the club & having the debt paid off in full.

The only other way to massively invest in the infrastructure, off field team the on field team, get some momentum, win games, go up at least a couple of division. Increase income exponentially to the point where the club is actually making enough money to fund itself, keep some in reserve & have enough left over for you take some out.

That's certainly one reason someone wouldn't sell.

Another it's he's in deeper than the books show. But then I don't understand how he's ever getting out.

He could genuinely believe he can keep finding the club. But surely his pockets aren't deep enough.

I’d hazard a guess that any new owner would become privy to any shenanigans that may have happened/are happening.

There is no logical reason why we would want to hang on if receiving an offer that’s way above the going rate.

Puppet on a string?

Laundry service.

If we accept that Clem is the majority owner and not a front or any of the other theories and innuendos posted online at this point it could simply be sheer bloody mindedness.

The more people demand he sell, the more we plebs dare challenge him the more obstinate he has become in his interviews etc.

Missed the 2024 bit.

Like u, I don’t quite understand what his end game is. The club don’t have any assets as such. How will
He make his money back

Yeah, that's why I put 2024 because that's the last accounts.

8 figures means he gets more than his money back.

The problem is, as you've pointed out, if he sticks around the debt goes up and he's even less likely to get his money back.

Not sure what his end game is or why he can't just be straight in interviews.

I think Sam said he’s putting in a monthly amounts at the moment so could up higher than that. Around £200-£300k a month, the debt could easily be over £10 million now I’m guessing

I thought it was in the 6-8m range in 2024. Might be wrong.


https://www.swindonadvertiser.co.uk/sport/24950460.swindon-town-8-million-debt-owner-clem-morfuni/