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STFC_Gazzza
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« on: Friday, August 17, 2007, 16:10:25 » |
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TOWN'S new chairman designate was formally unveiled at a press conference this afternoon and promised that his firm's investment in the club is a long-term measure. Jim Little is the "face" of Best Holdings, a pool of investment partners that have arrived at the County Ground. Little confirmed that the £900,000 CVA bill would be settled, along with any other non day-to-day debts. advertisement He said: "We are in it for the long haul. This club deserves that. In this year you can expect a lot of great things from this club." It seems some money will also be made available to Paul Sturrock to finance the playing budget - but not at an extent that would put the club back into the financial mire. Little added: "I'm sure we will be looking at new players and what mix of players we need to go as far up the table as possible. "If that brings success quickly then I would love to be as far up the table as quickly as possible. "Spending lots of money is not necessarily the solution, we need to spend our money wisely." http://www.swindonadvertiser.co.uk/display.var.1627424.0..php |
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herthab
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« Reply #1 on: Friday, August 17, 2007, 16:14:54 » |
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There's nothing to moan about with regard to this press release.
He could've at least alluded to asset stripping, or moving the club to Didcot.
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It's All Good..............
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DerbyRed
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« Reply #2 on: Friday, August 17, 2007, 16:16:19 » |
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Notice on the official site though that it was Bob Holt who "delivered" the news - is that clown still here??? Good news other than that though!  |
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Arriba
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« Reply #3 on: Friday, August 17, 2007, 16:18:12 » |
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we have come to plough endless amounts of cash into stfc just because we want to!
whats their other agenda though?
we need some answers to the many questions fans have.
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Ardiles
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Stirlingshire Reds
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« Reply #4 on: Friday, August 17, 2007, 16:18:27 » |
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Nothing of concern there. All seems fairly sensible, and we should at least be glad that (a) the CVA payment will be dealt with and (b) some sense of financial stability will be restored.
Lost of questions still to answer though.
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suttonred
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« Reply #5 on: Friday, August 17, 2007, 16:20:09 » |
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Hopefully they will over the next couple of weeks, but it's certainly looking brighter, and he's making the right noises
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larwood
The girl least likely to.
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« Reply #6 on: Friday, August 17, 2007, 16:21:14 » |
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or moving the club to Didcot.  |
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I was a small, fat child in a welfare house
There was only one thing I ever dreamed about
And fate has just
Handed it to me - whoopee
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flammableBen
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« Reply #7 on: Friday, August 17, 2007, 16:24:01 » |
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That's all pretty positive. However following STFC's financial plight through recent years has left me bitter, untrusting and soulless. Meaning that I won't trust this until I know what all the long-term goals are. Especially with relation to ground redevelopment.
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Batch
Not a Batch
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« Reply #8 on: Friday, August 17, 2007, 16:26:16 » |
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STFC Director Bob Holt today confirmed that the final bullet payment of The Club's Creditory Voluntary Agreement (CVA) will be settled as part of the injection of funds that will flow into The Club's following its recent takeover.
Speaking at a press conference that introduced Chairman Designate Jim Little to the media, Holt commented:
"The monies owed to creditors under the CVA agreement will be settled by the club's administrator, Andrew Andronikou.
"The Football Club will finally be put on a secure financial footing as a result of the takeover, the day that all true fans of Swindon Town Football Club have been waiting for has finally arrived."
Wahoo, they're all leaving! |
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herthab
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« Reply #9 on: Friday, August 17, 2007, 16:27:10 » |
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That's all pretty positive. However following STFC's financial plight through recent years has left me bitter, untrusting and soulless. Meaning that I won't trust this until I know what all the long-term goals are. Especially with relation to ground redevelopment. Agreed. We shouldn't give anyone the benefit of the doubt. We should remain mistrusting and sceptical. Just like we would've done if Bill Power had got control................. Ben I'm worried about you. Shouldn't you be talking about sea cows, getting stoned, or pizza? |
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It's All Good..............
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Arriba
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« Reply #10 on: Friday, August 17, 2007, 16:27:36 » |
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would he have said anything other than positive stuff though?
he was hardly going to say anything negative in his first interview.
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STFC_Gazzza
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« Reply #11 on: Friday, August 17, 2007, 16:31:38 » |
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STFC_Gazzza
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« Reply #12 on: Friday, August 17, 2007, 16:32:42 » |
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Can tell he is a yank...calling the club a "organization" BUT INTERESTING.,....
They said...
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Any money that is made in football, I think if the people have the right intentions, it should be put back into the club...
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STFC Chairman Designate, Jim Little
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Frigby Daser
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« Reply #13 on: Friday, August 17, 2007, 16:35:03 » |
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Clearly been taking heed of our concerns with the 'money back in for the clubv/community' etc - but that doesn't tally whatsoever with the principle of private equity.
We need to kow property and relocation plans, but it is fantastic news to have the CVA off our backs. By 'other non-day-to-day' debts, perhaps they're referring to BP's money.
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Rich Pullen
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« Reply #14 on: Friday, August 17, 2007, 16:35:53 » |
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Quite optimistic by his spiel... But we shall see.
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