Question for the anti Newbury / Diamandis hate mob

[Piemonte]

As most of us know, Mike D represents the majority shareholder Sir Seaton Wills.

Bill Power invested some money (allegedly buying 33% of the shares) and was hearalded as the man to work with SSW to take the club forward and relieve the finacial burden on SSW who has put roughly £10m into the club. This much is FACT.

So those of you who think that the statement issued regarding Bill Powers health is a smokescreen for a board split or fall out.... answer me this:

Why would Mike Diamandis and James Wills deliberatly engineer the departure of Bill Power when it is going to cost their Boss/Dad considerable amounts of money? In my eyes that does not make any sense whatsoever.

[Reg Smeeton]

It wont cost them any more money....rather there will be cuts to cover it.

    Just as last season when at any one time, there were up to 5 or 6 players who's wages were being paid by other clubs.

    The fact that this engineered our lowest position in the separate third tier, didn't seem to concern them too much.  

    Its called inertia....when this mob took over from DD and IB, it was welcomed by many.....but now is time for them to stand aside, they're only in place because they are, there has only been a gradual recession.  We should now expect this to continue.

[Piemonte]

double fecking posts :x

[Piemonte]

It wont cost them any more money....rather there will be cuts to cover it.

    Just as last season when at any one time, there were up to 5 or 6 players who's wages were being paid by other clubs.

    The fact that this engineered our lowest position in the separate third tier, didn't seem to concern them too much.  

    Its called inertia....when this mob took over from DD and IB, it was welcomed by many.....but now is time for them to stand aside, they're only in place because they are, there has only been a gradual recession.  We should now expect this to continue.

I know what you are saying Reg, but even with half our squad being paid for by someone else the club was still losing money. The Wills now have to cover that on their own rather than 50/50 with BP.

Its unclear weather Power paid off the CVA or if there has been any provision for it (not fucking likley I'd suggest.)

[Dazzza]

I think that’s the million dollar question Piemonte.

Despite the disillusion I feel with Bill leaving the club until I hear his side of the story or something of concrete substance that Mike Diamandis has an ulterior motive that is detrimental to the club I’m a bit hard pushed to go on a witch hunt.  Although that said out of pure curiosity I’d be interested to put him in a barrel, roll him don the hill just to see what happens.

The fact that the man from memory has only ever once spoken publicly about his involvement with the club through does not help his cause at all.  Every time we hear from the man directly or indirectly it’s been reactive to a situation that has usually involved speculation and rumour reaching fever pitch.  

Laying it on the line, it’s been said that he stands to gain from any stadium development.  Now if that’s right or wrong can someone please clarify for me here exactly why and how?

[Reg Smeeton]

FWIW my interpretation is that  Power didn't pay off the CVA, but rather guaranteed funds to do so,  probably in  the form of a director's loan.

 His mill appears to have been in shares purchased from SSW.....but there were also other loans to cover some costs which will need to be paid back, though he may have to wait a while for that.

 The current regime are now wholly discredited, when loyalists like Banbury Red, withdraw their matchday sponsorship, they should know enough is enough, and seek a dignified exit.

[Dazzza]

.
 His mill appears to have been in shares purchased from SSW.....but there were also other loans to cover some costs which will need to be paid back, though he may have to wait a while for that.

That does raise the question in which company did he buy shares in?

SWINDON TOWN FOOTBALL COMPANY LIMITED

or SWINDON TOWN F.C. LIMITED

One effectively has its creditors and a CVA to pay off the other as I understand it is the holding company for new investment and presumably will hold ownership of the club’s stake in any development.

At the moment company one holds all of the cards but if the development does ever happen then company two potentially has it over a barrel.

[lumpimynci]

FWIW my interpretation is that  Power didn't pay off the CVA, but rather guaranteed funds to do so,  probably in  the form of a director's loan.

 His mill appears to have been in shares purchased from SSW.....but there were also other loans to cover some costs which will need to be paid back, though he may have to wait a while for that.

 The current regime are now wholly discredited, when loyalists like Banbury Red, withdraw their matchday sponsorship, they should know enough is enough, and seek a dignified exit.

I don't want to sound like a stuck record but who exactly do people have in mind as a replacement for the existing regime? Are we back to the mythical queue of big money investors idea again? Or have we all suddenly decided that the Trust aren't a bunch of self promoting politico's without the ability to find their arses with both hands in the dark all of a sudden, despite the things that a large number of members have posted about them in the past?

[RobertT]

There is a guy on MOS offering to set-up a Consortium.

[Batch]

When all is said and done there doesn't seem to be any other choice than SSW et al.

The supporter trust may be able to do something (see Brentford, etc) but I really don't know if the financial responsibility is too much for them. I personally doubt there is any chance of SSW handing the club to the trust anyway so it's kind of an academic argument,.

[Reg Smeeton]

When all is said and done there doesn't seem to be any other choice than SSW et al.

The supporter trust may be able to do something (see Brentford, etc) but I really don't know if the financial responsibility is too much for them. I personally doubt there is any chance of SSW handing the club to the trust anyway so it's kind of an academic argument,.

 I'm certain if the Wills family looked for an escape route, then someone would be willing to step in.......OK its a risky business, but the current regime have exhausted all good will from the fans....and at the end of the day we are the club.

[Boeta]

wills and diamandis will hang on in there, hoping for ground redevleopment and therefore make at least some of wills' money back via property development

[RobertT]

wills and diamandis will hang on in there, hoping for ground redevleopment and therefore make at least some of wills' money back via property development

I'd also think that (based on no fact, just opnion).

[pauld]

at the end of the day we are the club.

And nobody should forget it, on either side of the turnstiles

[Spencer_White]

Why would Mike Diamandis and James Wills deliberatly engineer the departure of Bill Power when it is going to cost their Boss/Dad considerable amounts of money? In my eyes that does not make any sense whatsoever.

I dont think that Diamandis wanted Power to go. But I bet he had laid down very demanding terms for Power to stay, Power probably said, no Im not working under those sort of restrictions and left.

I know that is extremely vague, and could be bolllocks. But sometimes you have to read between the lines. This board does everything on the cheap as far as the team goes.

That so many fans are still loyal to them is an amazement to me. The club is in a continual recession, and theres no way we are going to get another Bill Power to help us out. Power wanted to see us succeed, Dunwoody can only see spreadsheets.