Foreign Investor alledgedly

[Fred Elliot]

Lithuanian I heard

where from ?

[Gelbfüßler]

Lithuanian I heard

where from ?

Lithuania  

[Fred Elliot]

[Batch]

I read it on an alternative STFC message board, so it must be true because the internet is all knowing.

To be fair he was just passing on a rumour, but it may be true...

The mystery investor is...Lithuanian. So a well informed source tells me.....but he could always be wrong ! However, I thought you might like to be prepared. This will now give you what is left of what should have been a "Summer" to scrabble through phrase books looking for the words to shout "********** Barmy Army" in Lithuanian.

The same source says that a sum of £6m. is being invested. Could this be more Russian Mafia money coming into the UK for laundering ? Seems very doubtful when you consider the obvious integrity of our Board......er, hang on a minute !!

[Phil_S]

I am even more concerned today.
We knew what we were getting with bill p, we don't yet with this new investor.
Today the adver seems to think we are talking about £5,000,000, which is I agree a sizable sum. BUT, this will only last for about a year without a dramatic change in the way the club is run.
Two million will be required for the CVA & Bill Power.
Two million to replace income received last year that is not likely to be recived this year.
One million to underwrite the current annual losses.
Of course they could use a cheaper stationary supplier, to cut the Admin expenses from 1.5 million  
I am still deeply worried by this, because the only long term solution is a redevelopment of the CG. It would work with the TRUST's plans, but Bowden has already said they are "fatally flawed". (HE later admitted he said this before looking at them, but they didn't provide for the amount of housing the board want.)
We all know of course that any redevelopment involving MORE houses will be opposed by the Council & Local residents. In particular, because the board have done all they can to alienate these two groups as much as us supporters.

Of course we don't know the details yet, but I am at present inclined to think that this is because they don't want us to know them, until it is a done deal.
So all in all given that the club STILL have a choice, I would still 100% back the fans consortium, because they will do what is right for STFC, not what is right for the Board & shareholders of STFC. In addition, more money would be coming in.

[yeo]

Two million to replace income received last year that is not likely to be recived this year.
 

.

eh?

[Luci]

Unless the current board are ousted - money, no matter how much an investor puts in is still going to disappear into this financial "black hole".

I find optimism very hard at this stage.

[stfctownenda]

Two million to replace income received last year that is not likely to be recived this year.
 

.

eh?

I don't know how exactly he got to 2 million but at a guess would say Lukas transfer fee, Wise compensation.  Assume we shouldn't get this again as Sturrock should be here for the year and I doubt we will sell anymore players.

[random_five]

Unless the current board are ousted - money, no matter how much an investor puts in is still going to disappear into this financial "black hole".

I find optimism very hard at this stage.

What even £6,000,000? How will that disappear?


6 million reasons to be at least slightly more optimistic, surely..

[Luci]

I won't be optimistic until a proper announcement and 6 mill......plenty of £££ has not been accounted for in previous years.  I'm not stating the whole amount is going to "disappear"  I wouldn't put anything past them/hold my breath just yet.

[fatbury]

I won't be optimistic until a proper announcement and 6 mill......plenty of £££ has not been accounted for in previous years.  I'm not stating the whole amount is going to "disappear"  I wouldn't put anything past them/hold my breath just yet.

I agree with Lady ...

Also wondering if the Serbian Oil Tycoon rumoured to be taking over Bristol City could be the man??

Wish they would just tell us ... Although as Sturrock said he had dinner with them last night - maybe its Rafu's and his famous curry houses

[flammableBen]

Maybe Sandy Gray has got confused again and it's 5,000,000 Lithuanian Litai. That's still just under a £1mil though.

[stfctownenda]

I won't be optimistic until a proper announcement and 6 mill......plenty of £££ has not been accounted for in previous years.  I'm not stating the whole amount is going to "disappear"  I wouldn't put anything past them/hold my breath just yet.

Couldn't agree more Lady, I would say if our board are still involved it will be 6 million reasons to be worried.  That kind of investment at most clubs would be a dream come true - big name signings, new ground, bright future.

If the same fools stick around what lies ahead years of money being used for 'operating costs', no ground development in Swindon.  I don't share everyone elses positivity and really hope to be proven wrong but anything involving Mike Diamandis has always been negative for this club.

[Samdy Gray]

What even £6,000,000? How will that disappear?

I imagine SSW will want some serious wonga to pay off the mortgages on his land.

[random_five]

What even £6,000,000? How will that disappear?

I imagine SSW will want some serious wonga to pay off the mortgages on his land.

Sorry but when has SSW ever said he wants his money back?

Why is it so hard to accept that if indeed there is a new investor, they will have their own people on the board, and do things their own way. Rich investors are no mugs, othewise they don't get to be rich investors.
I'm confident that they've already seen through Diamandis and his shambolic crowd of deviants..