DEEP BREATH: Takeover Annoucement Next Week?

[Reg Smeeton]

I think the fan on the board idea can work, but only in the context of that person being an experienced businessman wh ogenuinely knows what they are doing. Otherwise it seems like a pointless novelty

 Doesn't need to be a businessman at all really...as Si Pie says it needs to be a figure who the fans can trust, who maybe has experience in reaching out to the broader community.

  Our problems stem from the perception (disclaimer: rightly or wrongly) that  the club has been run for years by individuals who are less than reliable in their dealings with all sections of the broader community.

  I think Fitton knows this has to change, but the damage is so deep, that it will take a long time to turn around.

[RobertT]

I think the fan on the board idea can work, but only in the context of that person being an experienced businessman wh ogenuinely knows what they are doing. Otherwise it seems like a pointless novelty

 Doesn't need to be a businessman at all really...as Si Pie says it needs to be a figure who the fans can trust, who maybe has experience in reaching out to the broader community.

  Our problems stem from the perception (disclaimer: rightly or wrongly) that  the club has been run for years by individuals who are less than reliable in their dealings with all sections of the broader community.

  I think Fitton knows this has to change, but the damage is so deep, that it will take a long time to turn around.

Wouldn't the suggestion from Si be different to having a fan on the Board though?  That would seem to be more having a non exec Board acting as an independent voice/audit system, or something like that.  It's a big step away from having someone able to influence decision making.  The way I see it, a general fan can fill the Si role but to get on any Board a rep has to be seen as someone who would just have easily been recruited by the business anyway.  I'm sure the Charlton approach is a fully appointed person on the Board, but I'll have a check at somepoint.  FWIW, I'd support either option provided it was properly constructed and publicised as being exactly what it said on the tin.  For me, the non exec route does have the issue of being too similar to the Shadow Board pointlessness many years back.

We have to be careful not to mix investors with Boards.  Often Board members are initially simply employees of the company, seperate to those that own it.

[Gerald Phillips]

Why should they accept a fan on the baord . They dont have to ,it will be of no advantage to the board to have a fan there , and the fan will bring no money with him or her .

[axs]

did someone ban dear Gerald?

[Power to people]

It would have to be someone that can bring something to the table, not merely a fan with no experience, as a normal fan can just be swept along if they can add a skill to the board and help with the running of the club then all well and good.

The person should have full voting rights but being a fan's rep would be looking after fan's interests and they should then be accountable also.

Using the trust is obviously a good way with the trust being 1 member 1 vote it stops it being open to being a flawed vote but there isn't any reason who over is nominated should be a trust member if they have the right skill set to do the job.

[Tails]

Adver today...

ANDREW Fitton could be confirmed as the new owner of Swindon Town next week.

The club are expected to make an announcement in the next few days regarding the bid of the Ramsbury-based businessman's consortium, with the terms of the deal already agreed.

Fitton's team are in the final stages of working through the accounts and the loose ends surrounding the completion of the deal will then be tidied up before the end of the month, as he revealed to the Swindon Advertiser last week.

advertisementHis consortium are expected to pay the club's £900,000 CVA (Creditors' Voluntary Arrangement), as well as settling outstanding tax bills and historical debts.

Fitton will also outline his vision of the club's future once the contracts have been signed.

Meanwhile, Town are still negotiating with the Football League to have their embargo on transfers lifted. The ban was imposed because of unpaid 'footballing' debts.

Sounds like this one may be going ahead, then. Fingers crossed anyway.

[sonic youth]

funny how quickly a takeover can be completed when the owners are willing to play ball, isn't it?

[Samdy Gray]

And when you supposedly cut out the middle man...

[Barry Scott]

That's what i thought as well.

In my head i like to think the boss is angry with the middleman and has decided he wants to cut his losses asap.

[STFC Bart]

The "middleman" has been the barriers to progress thorughout.

[wheretherealredsare]

Is it Diadis now then?

[Nemo]

Diadis is fine, it's the middle 'man' that's the issue.

[glos_robin]

The speed this appears to be progressing confirms in my mind the Diamandis fall-out has happened and he has been omitted from the negotiations............which can only be a good thing

[STFC4LIFE]

Is it Diadis now then?

I liked that

[@MacPhlea]

has anyone seen the middleman recently?