Consortium News

[Batch]

Like or loathe the Board - this is their show and people will have to do it by their rules or lose out.

Surely though the argument can easily be turned around.

The club can not pay it's debts on the terms agreed under the current CVA, if they want people to invest then they will have to meet the investors wishes or the club will lose out.

Bit of a deadlock so I fully expect both sides to play this one out through the media, which could be messy and is unfortunate.

[mattboyslim]

Paul D  on the TV yay!!!

I think despite the general air of cobblers coming out the club, Starnes did raise one good point that it isn't a fans buyout it's a 'mysterious' buyer.  It's a shame that it wasn't fully articulated that the 'fans consortium' was a notional consortium backed by members of the trust at a meeting, not the typical collection buckets type of funding.

[Maverick]

It can be turned around Batch, but the fact remains that it is for the Board to decide to do so.

I think they know the risks as some of them stand to lose a few quid of personal investment if the club goes under!!

[DV]

Paul D  on the TV yay!!!

I think despite the general air of cobblers coming out the club, Starnes did raise one good point that it isn't a fans buyout it's a 'mysterious' buyer.  It's a shame that it wasn't fully articulated that the 'fans consortium' was a notional consortium backed by members of the trust at a meeting, not the typical collection buckets type of funding.

it was an open meeting to anyone....so it wasnt just members of the trust

[mattboyslim]

Even Better DV, just a shame it wasn't put across the same.  It'd be interesting to see whether the club would ever go so far as to ban any local media if they had the temerity to actually ask the pertinent questions?

[Barry Scott]

I've avioded this forum for the past few days, because i dislike negative comments.

I was never one to judge Diamandis, as i had no opinion of him and his dealings. I felt that he would not have been appointed as an adviser to the money man without SSW trusting him.

Well i must say, having read this thread today, i'm very pleased. I'm now alot more distrusting of Diamandis and his involvement and no longer stand neutral or behind the current board. I'm an out and out turncoat.

I now couldn't give 2 shits about the current board and their dealings, to a degree, as there is a potentially large positive around the corner; a light at the end of the tunnel.

Well done to Paul, Mike Wilks and everyone else involved in what they have done. I appreciate there is a very long way to go and the grass isn't always greener, but i do feel positive about this.

I don't mean to sound sceptical or imply any dislike of the potential new regime here, as i believe the consortium will be a good thing, but i can't help but remember Willy Carson's comments of our current "consortium".

"We have more money than you can shake a stick at"

Now, they felt they understood the debts, much like the new consortium, but i have a horrible feeling that there are much greater debts and servicing costs than Mike Wilks et al are aware of. Afterall, the same happened to old willy.

Do not take this the wrong way, i'm behind this 100% and feel much more confidence going forward.

Regarding my thoughts on huge hidden debts, does the new consortium fear this potential banana skin rearing it's head once they take over and fully see the magnitude of the clubs debt?

On a contrary note, is it possible that the club don't want to pass controlling shares to a new party, when they can see that the money the new consortium have is not enough? Afterall they don't want to open the books and appear to shun any talk of someone else controlling the club, could this be the reason?

Anyway, not meaning to detract from the positive and constructive work the trust is undertaking, i'm behind you. Bring the noise.

[hansgruber]

Bang! And the board is gone... :shock:

[Reg Smeeton]

There really shouldn't be any hidden debts as these were wiped off at the last CVA.

    Of course the sums payable to SSW for his loans and shares are something to negotiate.....and this could easily be a stumbling block.  Nevertheless I'm sure an increase in pressure from the fans, might persuade The Wills to cut their loses and run.

[Iffy's Onion Bhaji]

i don't understand this though. first the Wills family and Co say they will sell up to anyone who proves they have the money. and now they say they don't want to negotiate. strange that. i wonder who the "mysterious buyer" is?

[PHIL!!!!]

i don't understand this though. first the Wills family and Co say they will sell up to anyone who proves they have the money. and now they say they don't want to negotiate. strange that. i wonder who the "mysterious buyer" is?

Bill Power

[Iffy's Onion Bhaji]

i don't understand this though. first the Wills family and Co say they will sell up to anyone who proves they have the money. and now they say they don't want to negotiate. strange that. i wonder who the "mysterious buyer" is?

Bill Power

that did spring to mind i have to admit. its funny how the board don't want to negotiate. as far as im concerned he is the only person i can think of who they wouldn't want to negotiate with. could be wrong though. but its also quite interesting to see that its only taken 2 months to find a major backer. if it was someone new it would probably take longer

[rockincockinrobin]

Us fans need to force this board out, we all want them out and if they block this move from the consortium then we need to do something about it!!

Massive protests after every game, loads of emails sent to the board, bombard them with phone calls, put stuff in the adver and on here and get BBC Radio Wiltshire to put stuff out, we need to do everything that we possibly can.

This board cannot stay in control until June otherwise we are going to go bust!!

If us fans really want to we can force these idiots out so let's do it, let's get them out of town before it's too late, let's save our club!!!!

[deltaincline]

If I want to invest in or buy something and I am serious about it, then I recognise that I have to discuss this with whoever the seller wants me to .. or there is no deal.

That's bollocks Mav. If you're running a business that is losing 'more money that you can shake a stick at' and you can't or don't want to go on funding the losses anymore, you deal with anyone who is offerening you an escape route. The alternative for anyone dumb enough to think differently is going to be insolvency.

Like or loathe the Board - this is their show and people will have to do it by their rules or lose out.[/quote]

Bollocks again. Liking or loathing the board has nothing to do with things. Also, it is not 'their show'.  From what has been said so far, I don't think the Wills family have any cash left to keep on funding it so will either have to sell it soon, or be forever dammned by the whole town for taking the club out in a fit of spite. Only the Wills family can make that decision. I suspect they wont be needing the advice of Diamandis when they reach which way they want to go. Simple really.

Keep up the good work Mike Wilks and the trust lads

[Samdy Gray]

There really shouldn't be any hidden debts as these were wiped off at the last CVA.

    Of course the sums payable to SSW for his loans and shares are something to negotiate.....and this could easily be a stumbling block.  Nevertheless I'm sure an increase in pressure from the fans, might persuade The Wills to cut their loses and run.

I'm sure SSW will want enough cash to pay off the mortgages he has over most of his property.

[red macca]

This month we have possibly two of the biggest games of the season at home.if anything is going to be done demo wise surely these are the games it has to be done at