Todays Adver

[Maverick]

that's true SwindonTartanArmy ... and Wise and Poyet were technically on the players payroll whereas Sturrock (senior!) isn't .... don't know how much difference that will make but it may make a little .. although I would think they agreed to be paid as "management" to keep the players wage cap as low as possible

[Maverick]

Fred please keep out of this or else we will be at the 25 page "cap" before I am ready!!  

[Fred Elliot]

[Maverick]

Forgot about Ince .. although I guess Zaaboub may have taken a small bit from that .. as would Timlin .. probably more than CCP and Monky going out gained us.

[mattboyslim]

I'm guessing Monky is on Ok money, 26 signed on a free mote than CCP, I think Fulham might have paid for some of the Timlin wage, and as Zaboub was initially on a short term deal I'd have thought he's be quite cheap too.  Not forgetting the £8.50 a week we don't have to pay fola anymore, or Gurney.

[Maverick]

true .... so ... hopefully if he can find them .. we could be looking at 2 possibly three new faces?

[RobertT]

we hit the wage cap to get Evans and required a boost in funds to clear the Ince signing.  Unsure of the impact of Wise and Poyet (i.e whether they were ever included)

[Maverick]

red macca .. you said

"Im not being rude but the impressions i get from your posts are the following

You support the current regime
you support the trust
you dont have confidence in the board
you dont have confidence in the trust

Could you clear up for me what it is you actually hope will happen with our club.

To make it easier do you want the current regime to carry on or would you like the trust backed consortium to take over?"

Yes, yes, no, no (to keep it short for Fred!! ) .... and I hope that the club comes through the current troubles (it seems to have just about managed to so far) and that at the end of it there is the opportunity for all to unite again (ok so I can hope can't I???!)..... if that is an "agenda" herthab then that is mine!! ... as for the current regime or the Consortium ..... I still hope it is neither .. I would prefer it to be both working together .. that has to be the most bloodless way forward ... any alternative will do further harm in some way or another in my opinion.

[RobertT]

also, we were £750k overspent after increased gates were taken into account (so said Bob Holt).  So we are probably closer to £0 now but not all the way there (£170k was the figure Diamandis quoted for compo on Wise).

I believe to renogotiate the terms of the CVA they need to gain acceptance from the creditors (75% is the required figure to set-up a CVA, so I assume the same applies for new terms).  I think the Council and Revenue are the likely sticking points in terms of both acceptance and probably time to respond.

oh, and I'm not sure about the impact if the renogatiation starts after the due date.  Presumably (help me out lawyers) once overdue any creditor could instigate winding-up proceedings regardless now.  So if one creditr doesn't fancy it, they could press ahead with a winding-up request.  I'm only making an assumption though, based on Power being around and not knowing about any variation.

[Maverick]

Thanks Rob ..... I would think the Revenue will be the ones to take their time .. and the Council will probably be making sure they get "best value" .. which actually should be a "no brainer" as if we go under they get considerably less!! .. although they may be holding out to see if the Consortium win through because then they could get it all paid sooner rather than later

[RobertT]

My memory may be failing me, but I think the Council voted against the CVA originally.  They were not very happy about being made to wait.

I've also read somewhere that the lease on the CG gives them the right to be involved in any meetings the club hold about their finances and also have the club report to them on a regular basis

[Reg Smeeton]

My memory may be failing me, but I think the Council voted against the CVA originally.  They were not very happy about being made to wait.

I've also read somewhere that the lease on the CG gives them the right to be involved in any meetings the club hold about their finances and also have the club report to them on a regular basis

 Cllrs Martin and Dobie, both stated they'd be happy to close the club down as it only brought them problems and did not do much for the majority of Council Tax payers.

[Maverick]

Not sure in Swindon who bosses who ... I know in some the officers run the show .. and in others it is the Councillors .... but I doubt that they would get a majority to support just shutting us down, because they would not get their debt paid which would leave a gap to be found by the local taxpayer .. mind you they could sell the land and make a sizeable profit I guess!

[Reg Smeeton]

Not sure in Swindon who bosses who ... I know in some the officers run the show .. and in others it is the Councillors .... but I doubt that they would get a majority to support just shutting us down, because they would not get their debt paid which would leave a gap to be found by the local taxpayer .. mind you they could sell the land and make a sizeable profit I guess!

   SBC doesn't know who bosses who, apart from the departments like Education and Social Services where the historic, poisonous ineptitude is of such proportion that outside agencies have had to be brought in to run them.

[RobertT]

looking at an article in 2002, Dobie mentiond he'd be happy to go down and lock up the gates himself.  The Council passed a motion allowing them to call in the lease if we fail to pay them within 14 days of any payment date in future.

The Council got stitched up with the CVA, originally believing they were Pref Creditors who would received a one of £135k payment when it was set-up and then future payments according to the schedule.  seems they got changed to non-pref on the day it was agreed so get £80k ish in total over the whole CVA and had to write off over £300k.