NEW CONSORTIUM TO TAKE OVER

[axs]

this whole idea can go either way based on the exact wording used - it's impossible to tell which way they mean from the statement.

[Arriba]

its seems highly likely to me that some, if not all the current board will still have some stake or other in the club.
i still think they hope to make money out of the club at some time in the future.maybe the new investor will allow them to do so

[glos_robin]

What worries me is that Dunwoody ended their contract with STFC the other week which will now mean that Diamandis could become officially part of say the Consortium without the obvious conflict of interest accusations.
It all jusst seems a bit convenient, I'll wait for more details before getting excited as there has been far too many false dawns.

[Arriba]

What worries me is that Dunwoody ended their contract with STFC the other week which will now mean that Diamandis could become officially part of say the Consortium without the obvious conflict of interest accusations.
It all jusst seems a bit convenient, I'll wait for more details before getting excited as there has been far too many false dawns.

good point.hardly a coincidence me thinks

[dell boy]

its seems highly likely to me that some, if not all the current board will still have some stake or other in the club.
i still think they hope to make money out of the club at some time in the future.maybe the new investor will allow them to do so

 :goodpost:

[Phil_S]

its seems highly likely to me that some, if not all the current board will still have some stake or other in the club.
i still think they hope to make money out of the club at some time in the future.maybe the new investor will allow them to do so

 :goodpost:

Dead right. What I don't think they realise is how much they have alienated the local residents, council, & majority of fans.
The mega (lots of houses), development they want to achieve these vast profits will NOT happen.
It's the Brady situation all over again.

[Colin Todd]

None of the existing board are listed as shareholders apart from James wills.

Having said that, we all know through recent events that they may not be 100% on the ball when issuing share certificates

[Iffy's Onion Bhaji]

what i'm confused about is that isn't SSW the majority shareholder. If this is a "takeover" then surely he will be selling his shares to the new investor(s) and he won't need to be on the board? Diamandis is not actually on the board at all and neither is he a shareholder. am i right in saying so? so i fear he could become a board members with the investor(s) and his/their right hand men?

[strooood]

the way i see it, and i try as hard as possible to keep my head in the sand on these matters, is that the 'takeover' is just diamandis getting promoted to a demi-ownership role, merely increasing his stature behind the scenes- alongside SSW (no change there) and someone with cash (good news if it sorts out our existence).

Diamandis of course who, correct me if im wrong, was only not an official part of the set-up because of previous wrongdoings.

i think i might be missing something, how can this be an improvement?

[Simon Pieman]

If it's a proper takeover with outside investment, from a businessmen/women with a decent knowledge of football I will be reasonably happy.

Ok we don't know the ins and outs, we don't know what their plans for a stadium will be, what their level of investment will be or even if they will invest at all.

8 weeks isn't very long for due dilligence considering the accounting system must be crap. Chances are any investor worth their salt would hire an outside audit team and have a team of lawyers inspecting everything.

Quietly optimistic but guarded would be the best way to sum up my reaction.

Not that I think it's Rupert Lowe, but if it was him and others (with football knowledge) I'd still be reasonably pleased, if the details were right. Lowe did a sound financial job at Southampton. What buggered things up was that he sacked every manager within 5 minutes.

[Colin Todd]

The statement also states that the investor has both "knowledge of football" and the "financial status to support the football club" which could perhaps lend weight to the Rupert Lowe theory.  It at least indicates that the investor or some of their team has some history in football.

Any other thories about former board members at other clubs who have since left? That Theo Papitis fella from Millwall? Some geezer from QPR who's name I've forgotten?

[Iffy's Onion Bhaji]

Sam Hamman  :| Firoz Kassam  :|  oh fuck.....

[STFC Bart]

From the noises coming out of STFC Diamandis and Wills remain involved.  No improvement then.

[Simon Pieman]

Lowe is a hockey man and a rugby fan. His lack of knowledge in football became his undoing. If it's Rupert alone, the football experience factor is bollocks, which is why I don't think it's Rupert Lowe.

What was it Souness said? 'He must be the only Rupert in football' or something like that.

[dell boy]

How about this bizarre idea or is it .... Bill Power going alone without The Trust/Consortium!!!!

He has the money, he has the experience of running a football club, and he is interested in taking over Swindon Town FC.