Foreign Investor alledgedly

[RobertT]

SSW has not "given" us cash for sometime, in fact it's hiw wife rather than him.  It's been coming in via loans, hence why he is listed as a creditor in the CVA and the money since then has also been in the way of loans - Diamandis confirmed this in his Christmas Address when he said much of it had been converted to Loan Notes, payable on development of the ground.  If he didn't want his money back he would have written off the debt, but he hasn't.  Plus he also stated a few years ago he'd give the club away for free to the Trust if they agreed to pay back all the money he'd loaned the club.

[herthab]

I don't see the problem a SSW getting his cash back once the redeveloment is done.

I think a lot of people are getting worried for nothing, as someone has already stated, if there is an investor(s) willing to put serious amounts of cash into the club, one would assume that they are very successful and shrewd businessmen, they won't be easily duped be anyone.

I choose optimism at the moment, there's no point in worrying about maybes, especially as none of us can affect the outcome.

Happy thoughts people, HAPPY THOUGHTS  

[random_five]

SSW has not "given" us cash for sometime, in fact it's hiw wife rather than him.  It's been coming in via loans, hence why he is listed as a creditor in the CVA and the money since then has also been in the way of loans - Diamandis confirmed this in his Christmas Address when he said much of it had been converted to Loan Notes, payable on development of the ground.  If he didn't want his money back he would have written off the debt, but he hasn't.  Plus he also stated a few years ago he'd give the club away for free to the Trust if they agreed to pay back all the money he'd loaned the club.

OK, if that's the case I'm sure any investor would be aware of it.. Still can't see why the news isn't greeted with at least some veiled positivity.. At least until we find out who they are?..

[Luci]

The investor isn't why I lack optimism.  Its the fact that I do not want the current board anywhere near our club/near the money the investor/investors are going to be ploughing in.  I simply do not trust them.  

Should a new investor be announced with the current board having nothing to do with the club I would be the first to celebrate.

[fatbury]

The investor isn't why I lack optimism.  Its the fact that I do not want the current board anywhere near our club/near the money the investor/investors are going to be ploughing in.  I simply do not trust them.  

Should a new investor be announced with the current board having nothing to do with the club I would be the first to celebrate.

Hear Hear !!  :goodpost:

[chalkies_shorts]

If SSW was worried about getting his money back, he could have had it in his pocket already via the Consortium plus a few quid thrown in.
I'm afraid my take on it is all roads leading to J17.  I see slagging off the Council, local residents and now the local madia as nothing more than legitimising their "no one wants us" attitude. There's money to be had and this shower of shit are going to make sure its theirs. They may have to get into bed with someone else to accomplish it but I'm pretty sure thats their motivation.
The new capital will just keep things ticking over for a while with maybe one or two sweeteners to try and keep us off their backs while they go ahead with J17.
I really hope I am wrong.

[random_five]

The investor isn't why I lack optimism.  Its the fact that I do not want the current board anywhere near our club/near the money the investor/investors are going to be ploughing in.  I simply do not trust them.  

Should a new investor be announced with the current board having nothing to do with the club I would be the first to celebrate.

As I said, rich investors are no mugs and will most likely have their own people coming in to run the club.

Not sure about the whole J17 issue, could well contravene FA laws brought in after the Milton Keynes / Wimbledon saga..

[OneAndrewFitton]

Well i won't be supporting a franchise club if we move to chippenham that's for sure!

Also what if diamandis falls out with the new investors like he did with power and they walk away? i wouldn't put anything past that greek!

[herthab]

A this talk of Chippenham is becoming tiresome.

They CAN'T take the club there, whether they want to or not.

That particular escape route was closed after the Wimbledon fiasco.

If we were to relocate outside the borough we would forfeit our league status, which would hardly make an attractive proposition for anyone, even the present board.

[OneAndrewFitton]

Good point hertha, i thought there were some kid of law preventing the Franchise scenario from happening again, that's the board's plan for that out of the window then.

[stfctownenda]

A this talk of Chippenham is becoming tiresome.

They CAN'T take the club there, whether they want to or not.

That particular escape route was closed after the Wimbledon fiasco.

If we were to relocate outside the borough we would forfeit our league status, which would hardly make an attractive proposition for anyone, even the present board.

Not sure you are correct there.  I am sure I have read somewhere the Junction 17 falls within the boundaries on the distance they could move the football club, would someone knowledgable (Rob T, Paul D) please confirm?

[RobertT]

SSW has not "given" us cash for sometime, in fact it's hiw wife rather than him.  It's been coming in via loans, hence why he is listed as a creditor in the CVA and the money since then has also been in the way of loans - Diamandis confirmed this in his Christmas Address when he said much of it had been converted to Loan Notes, payable on development of the ground.  If he didn't want his money back he would have written off the debt, but he hasn't.  Plus he also stated a few years ago he'd give the club away for free to the Trust if they agreed to pay back all the money he'd loaned the club.

OK, if that's the case I'm sure any investor would be aware of it.. Still can't see why the news isn't greeted with at least some veiled positivity.. At least until we find out who they are?..

I happen to think SSW is fully entitled to be repaid over time, just as is Bill Power or any other creditor.  Just stating what the situation was with the money put into the club.

e know diddly squat about the investment, not much more than we did before the weekend to be honest.  as such, I'll wait until we have information before deciding to get happier or angrier, until then I carry on as was - wanting the current Board removed, inc Dimandis.

[Tails]

A this talk of Chippenham is becoming tiresome.

They CAN'T take the club there, whether they want to or not.

That particular escape route was closed after the Wimbledon fiasco.

If we were to relocate outside the borough we would forfeit our league status, which would hardly make an attractive proposition for anyone, even the present board.

It's an SN postcode therefore they are completely free to move us there if they want to.

[RobertT]

A this talk of Chippenham is becoming tiresome.

They CAN'T take the club there, whether they want to or not.

That particular escape route was closed after the Wimbledon fiasco.

If we were to relocate outside the borough we would forfeit our league status, which would hardly make an attractive proposition for anyone, even the present board.

Not sure you are correct there.  I am sure I have read somewhere the Junction 17 falls within the boundaries on the distance they could move the football club, would someone knowledgable (Rob T, Paul D) please confirm?

Without dashing off to get the rules, it mentions something about the area the club serves/gets in name from.  Chippenham would seem a little too far but the rules are not hard fast I don't think.  It's possible a situation could be engineered - lease running out, pissed off the council, can't afford new lease, can't get planning permission, create a case to show distance of travel would be ok and that a % of the fanbase lives that way anyway etc.  It would be difficult but not impossible I think is the long and the short.

[herthab]

Another point is that if the investment is as large as the figures being mentioned and MD was still at the club, if he fell out with the new investors, it would be him, not them, that would be walking.

This is being unveiled as a takeover, they would have a controlling share.

My take on it is that SSW and MD want to stick around to get some of the redevelopment, but they won't be the ones making the decisions.

I insist on remaining hopeful, upbeat and positive.

Stop messing with my chakra you negative ninnies