Fred Elliot
I REST MY FUCKING CASE
 Offline
Posts: 15736
|
 |
« Reply #105 on: Tuesday, July 3, 2007, 12:27:11 » |
|
8 weeks isn't very long for due dilligence considering the accounting system must be crap
I read it Si that due dilligence will START within 8 weeks............not concluded. |
|
|
|
|
Logged
|
|
|
|
Arriba
Offline
Posts: 21305
|
|
« Reply #106 on: Tuesday, July 3, 2007, 12:27:40 » |
|
lowe hired and fired sturrock didn't he?
|
|
|
|
|
Logged
|
|
|
|
Fred Elliot
I REST MY FUCKING CASE
Offline
Posts: 15736
|
|
« Reply #107 on: Tuesday, July 3, 2007, 12:28:14 » |
|
Yes arriba
|
|
|
|
|
Logged
|
|
|
|
|
flammableBen
|
|
« Reply #108 on: Tuesday, July 3, 2007, 12:28:44 » |
|
I think this thread is going round in circles.
|
|
|
|
|
Logged
|
|
|
|
Colin Todd
Offline
Posts: 3318
|
|
« Reply #109 on: Tuesday, July 3, 2007, 12:29:07 » |
|
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. Seems pretty fucking unlikley to me, although I can think of worse scenarios to be honest. |
|
|
|
|
Logged
|
|
|
|
Simon Pieman
Original Wanker
Offline
Posts: 36334
|
|
« Reply #110 on: Tuesday, July 3, 2007, 12:31:31 » |
|
8 weeks isn't very long for due dilligence considering the accounting system must be crap
I read it Si that due dilligence will START within 8 weeks............not concluded. with the view to taking over within the next 8 weeks. kinda means it would have to be complete within 8 weeks would it not? |
|
|
|
|
Logged
|
|
|
|
reeves4england
 Online
Posts: 16121
We'll never die!
|
|
« Reply #111 on: Tuesday, July 3, 2007, 12:34:49 » |
|
From the noises coming out of STFC Diamandis and Wills remain involved. No improvement then. Erm, yeh, except that there have been dozens of posts already showing that the noises coming out of the club are very unclear. You have your opinion and that's afir enough, but there's no need to make up a load of bollocks to convince people you are right. Stick to the facts and you wouldn't have half as many enemies on here Bart I'm personally a bit optimistic. At the end of the day, what matters to me right now is the survival of the club. I think this investment will help that and may provide some sort of backing for a ground development...possibly! |
|
|
|
|
Logged
|
|
|
|
STFC Bart
Offline
Posts: 1114
|
|
« Reply #112 on: Tuesday, July 3, 2007, 12:37:53 » |
|
A ground development- where reeves? Not in Swindon with the noises being made by the club to the council.
How can you be optimistic with the single man responsible for many of our issues still being involved and influential
|
|
|
|
|
Logged
|
|
|
|
Simon Pieman
Original Wanker
Offline
Posts: 36334
|
|
« Reply #113 on: Tuesday, July 3, 2007, 12:38:02 » |
|
To be fair though Bart's been right about pretty much everything he posts. He may express things in a slap dash way, but should that count against its validity?
|
|
|
|
|
Logged
|
|
|
|
|
fatbury
|
|
« Reply #114 on: Tuesday, July 3, 2007, 12:41:38 » |
|
who was that young business bloke that was mooted as an investor before? could it be him?
sadly i fear Bart might be right ... if the consortium consists of Wills and Diamandis then doesnt matter who is with them .. god help us!
|
|
|
|
|
Logged
|
|
|
|
Colin Todd
Offline
Posts: 3318
|
|
« Reply #115 on: Tuesday, July 3, 2007, 12:46:50 » |
|
Not neccessarily. it depends on what level of influence that the Wills and Diamandis continue to exert.
If the mystery investor buys a controlling stake in the holding co, and Wills and diamndis remain as minority shareholders, then Diamandis' absolute power over the club is removed. It depends on the details.
|
|
|
|
|
Logged
|
|
|
|
RobertT
Offline
Posts: 12320
|
|
« Reply #116 on: Tuesday, July 3, 2007, 12:52:36 » |
|
no, it's the combined voting power of the Wills family (whichever one takes on the shares this time) and Diamandis that is the key. If between them they hold 50.1% of the holding company then ownership is not changed, even if an outside investor thinks the clubs is being split 3 or 4 ways.
|
|
|
|
|
Logged
|
|
|
|
Colin Todd
Offline
Posts: 3318
|
|
« Reply #117 on: Tuesday, July 3, 2007, 12:53:52 » |
|
Thats what I meant Rob, didnt express it very well though.  |
|
|
|
|
Logged
|
|
|
|
Power to people
Offline
Posts: 6582
|
|
« Reply #118 on: Tuesday, July 3, 2007, 13:02:15 » |
|
Either way though they will have to speak to Power as he is either owed £1.2m + interest or he has a large shareholding so without his consent things could still be awkward for the current lot surely ?
so I assume then that the club have broken off talks with the Consortium solicitors and Bill will either wait to see if the new "investors" talk to him ref paying back his money or joining forces or if not issue the WUP
8 weeks is a long time for due dilligence though surely it only takes 10 - 14 days once the accountants get full access to the books to work out what the club is worth and then to make an offer based on that.
|
|
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
Offline
Posts: 57758
|
|
« Reply #119 on: Tuesday, July 3, 2007, 13:06:28 » |
|
Cautiously optomistic is my view.
If the club changes hands, Diamond Mike & SSW walks away and significant investment is made then great!
If (as the statement reads to me) the Wills and Diamond mike are part of the new consortium then and still directly involved in running the club then I'll not be as excited. Clearly paying the CVA is better than not mind..
Needs more flesh on the bones, along with dotting the I's and crossing the T's before we get too carried away.
|
|
|
|
|
Logged
|
|
|
|
|
