CVA Payment

[Sharky]

I think we are all being a little over critical

As a lower league club we are hardly a gold mine for profit, hence making ends meet is hard enough let alone trying to pay off debts built up from previous years!

Lets face it, unless someone has some serious money and business nouse then the only way we can help is by getting as many people to games as possible and supporting the team!

Unless we do that they have no hope of making ends meet and complaining about it simply wont get any of us anywhere!

IMO

All irellevent points in all honesty we are more concerned with the fact they said just a few weeks ago that the CVA payments were all sorted and now were in the shit again because they lied to the fans.  Also the Power investment, plus increased gates etc does not explain why we are struggling so much financially, one thing for sure is something needs to be done and done soon  :shake:

I agree completely with this point as at some level I agree that despite not much to work with, if other cluns can do it so should we be able to, but making sweeping statements about their inability to do the job does not take away from the fact the job is still not being done.

I'd rather someone who thinks they can do a better job puts their money or business acumen where their complaining mouth is and steps in and grabs the situation by the balls as opposed to watching things go on as they are.

Thats all i'm trying to say

[RobertT]

Bill Power was at the club in good health when the CVA payment was due.

His £1.2m did come to the club.

Why was the CVA fucked about with?

[lambourn red]

Could someone go around to the County Ground this afternoon and disable that bloody SELF-DESTRUCT button because some Twat keeps pushing it!!!!!

[stfctownenda]

I think we are all being a little over critical

As a lower league club we are hardly a gold mine for profit, hence making ends meet is hard enough let alone trying to pay off debts built up from previous years!

Lets face it, unless someone has some serious money and business nouse then the only way we can help is by getting as many people to games as possible and supporting the team!

Unless we do that they have no hope of making ends meet and complaining about it simply wont get any of us anywhere!

IMO

All irellevent points in all honesty we are more concerned with the fact they said just a few weeks ago that the CVA payments were all sorted and now were in the shit again because they lied to the fans.  Also the Power investment, plus increased gates etc does not explain why we are struggling so much financially, one thing for sure is something needs to be done and done soon  :shake:

I agree completely with this point as at some level I agree that despite not much to work with, if other cluns can do it so should we be able to, but making sweeping statements about their inability to do the job does not take away from the fact the job is still not being done.

I'd rather someone who thinks they can do a better job puts their money or business acumen where their complaining mouth is and steps in and grabs the situation by the balls as opposed to watching things go on as they are.

Thats all i'm trying to say

Join the trust and you would see that Mike Wilks and the consortium are doing stuff about it and putting there money where there mouth is so to speak and actively attempting to rescue us from these clowns, perhaps if you stopped burying your head in the sand and joined up and did something constructive you would see this club could be run so much better  :|

[Piemonte]

That's it.   Who in their right mind would buy shares being sold by this lot. Any ordinary fan with a bit of spare cash willing to give to the club, would surely be better off going down the Trust/Consortium route.....at least that way, you could expect some basic competence and not ecomomy with the truth.

I disagree Reg. We should all buy shares and hand the voting rights over to the trust thus increasing the trusts shareholding and influence within the club.

[Charlie Henry]

Why do they lie to the only people that want success for the club what makes people lie with a straight face to stakeholders, sharehaolders, fans?

Who gains? the whole episode is shocking but hey the board are sitting round discussing smoking bans

this time it has gone too far...

[RobertT]

That's it.   Who in their right mind would buy shares being sold by this lot. Any ordinary fan with a bit of spare cash willing to give to the club, would surely be better off going down the Trust/Consortium route.....at least that way, you could expect some basic competence and not ecomomy with the truth.

I disagree Reg. We should all buy shares and hand the voting rights over to the trust thus increasing the trusts shareholding and influence within the club.

I can see the logic in that, best to get them in the holding company.

[Sharky]

Bill Power was at the club in good health when the CVA payment was due.

His £1.2m did come to the club.

Why was the CVA fucked about with?

Do you know what his £1.2m was used for? Do we still have it?
was it feasible to pay the CVA with these funds (if they were available) without jeopardising any other commitments?

Unless we know ALL the facts (which rightly we will never) then we can not make these judgements.

No one on the board wants this club to go belly up - neither is it in their interests for that to happen - so why get on their backs about something they as the board probably have more reason to worry about than us fans?

Find a way to help, if you cant then there is nothing else you can do other than show up week in week out so there is no point in turning a business problem into a media frenzy by turning it into a fans vs board arguement!

[Batch]

Bollocks. The catalogue of disasters don't happen by bad luck. They tried and failed. No problem with that as such. Thanks for you hard work.

But we are headed to the shitter if nothing changes. And if fans shouldn't worry about that then what should they worry about

So personally the only way forward for me is the consortium. It may not work. But it may. It's all we have.

[RobertT]

Holt, when under employment, said the money went to clear trading losses and debts.

Now, every other commitment comes second to paying a CVA.  If they don't know that then they don't deserve to be anywhere near the club quite frankly.

And yes, these are facts (well, clubs version of events) as presented to me face to face with the bloke (others were present as well).

[stfctownenda]

Bill Power was at the club in good health when the CVA payment was due.

His £1.2m did come to the club.

Why was the CVA fucked about with?

Do you know what his £1.2m was used for? Do we still have it?
was it feasible to pay the CVA with these funds (if they were available) without jeopardising any other commitments?

Unless we know ALL the facts (which rightly we will never) then we can not make these judgements.

No one on the board wants this club to go belly up - neither is it in their interests for that to happen - so why get on their backs about something they as the board probably have more reason to worry about than us fans?

Find a way to help, if you cant then there is nothing else you can do other than show up week in week out so there is no point in turning a business problem into a media frenzy by turning it into a fans vs board arguement!

Do you work for them?? I really dont understand what your point is lets just keep sitting back until we know facts we would have no club then.  This is a fans vs boards argument we give a crap about this club, wills family aside I doubt that anyone else on that board is bothered they can all find other jobs, the truth will come out at some point and people like yourself who chose to ignore it will be left very red faced  :x

[Panda Paws]

There's an update on the official site now:

http://www.swindontownfc.premiumtv.co.uk/page/News/NewsDetail/0,,10341~933322,00.html

[Piemonte]

I fully intend to buy some shares through the new issue and would encourage everybody else, especially trust memebrs to do so as well.  

It is a prime opportunity to achieve one of the trusts main goals - increase the shareholding in the club and get a seat on the board.

[Panda Paws]

What I find amazing from that statement is that they say "all relevant parties" have been kept informed but failed to inform shareholders at the fucking AGM.

[Sharky]

Bill Power was at the club in good health when the CVA payment was due.

His £1.2m did come to the club.

Why was the CVA fucked about with?

Do you know what his £1.2m was used for? Do we still have it?
was it feasible to pay the CVA with these funds (if they were available) without jeopardising any other commitments?

Unless we know ALL the facts (which rightly we will never) then we can not make these judgements.

No one on the board wants this club to go belly up - neither is it in their interests for that to happen - so why get on their backs about something they as the board probably have more reason to worry about than us fans?

Find a way to help, if you cant then there is nothing else you can do other than show up week in week out so there is no point in turning a business problem into a media frenzy by turning it into a fans vs board arguement!

Do you work for them?? I really dont understand what your point is lets just keep sitting back until we know facts we would have no club then.  This is a fans vs boards argument we give a crap about this club, wills family aside I doubt that anyone else on that board is bothered they can all find other jobs, the truth will come out at some point and people like yourself who chose to ignore it will be left very red faced  :x

I never said lets do nothing you numpty - I said that moaning about it wont help anyone!
If people want to help then I agree with Batch - get involved in the consortium or try to find some way of helping the club rather than ganging up on them.

And no I do not work for them - if i could get a job with them to help though I would quite my current job in a flash if I felt it would help (as i suspect most real fans would also!)