This board

[BANGKOK RED]

Sounds quite positive to me actually,

He talks about the future with terms like "When" and "Will", as opposed to "If's" and "Maybes"

[Tails]

I think the way it says he was discussing a new manager shows something too... Having said that I'm desperate to cling on to any positive news I can.

[A Gent Orange]

Cheers for doing that People's, it's far better than relying on second hand quotes. Particularly when its Holt quoting them...

[thepeoplesgame]

I think the way it says he was discussing a new manager shows something too... Having said that I'm desperate to cling on to any positive news I can.

I got the impression from that that Wills expects the deal to be done, so the scuppering of it thus far must be coming from elsewhere...

[Iffy's Onion Bhaji]

What i don't understand is why is SSW on good terms with Fitton and keen to complete a deal when he is also playing into the hands of Mike D? Surely he should tell mikey to fuck off?

[Colin Todd]

I can only assume that part of the deal is for fitton to buy some or all of Mikey's shares in the holding co.  So SSW cant make him to do anything in that situation.

[sonic youth]

i think it's obvious that any delay involved is caused by diamandis, this seems to be a universally accepted truth that has come from a variety of reliable sources.

however, it's unclear what diamandis is doing to delay this - is he trying to persuade ssw not to sell? has he thrown a legal spanner in the works to delay progress in the hope fitton gets fed up?

the early progress would suggest he was sidelined from negotiations - presumably by andronikou - so my best guess is that he's now just trying to throw around what little weight he has left in a last ditch attempt to ward off fitton and cling on to the hope he'll get something back from this club.

[Iffy's Onion Bhaji]

I can only assume that part of the deal is for fitton to buy some or all of Mikey's shares in the holding co.  So SSW cant make him to do anything in that situation.

Ahh right i'm with you now.

[Tails]

It does seem a bit strange. Everyone has said that Diamandis is scuppering this... but how exactly?? Anyone able to get any more information from their sources?

[Iffy's Onion Bhaji]

I think what Sonic said pretty much sums it up tbh.

[Reg Smeeton]

panglossian

  Mmm nice word, I had to look it up in the dictionary......at first I thought it was something to do with the pangolin, a kind of ant eater

    http://en.epochtimes.com/news_images/2004-2-23-23-pangolin.jpg

  It was a sad day when the header to post about manatees and other creatures was removed from the Boardroom forum.  

[lebowski]

It does seem a bit strange. Everyone has said that Diamandis is scuppering this... but how exactly?? Anyone able to get any more information from their sources?

the deal is that a controlling stake in the club will be sold for £1. this means shares. so mike's shares, either the ones that he bought for a laugh, or the ones he bought in the holding company, are worth precisely sod all.

i would imagine the pay off for SSW is that he will see some money from future development, but a certain someone else might be excluded from that deal.

total guess though!

[redbullzeye]

To the question what is holding things up?
"We believe in doing things properly, and that's how we will do it."


"We will not come into this saying that we will sort out the details afterwards. I think that's been the problem with some of the historic deals"


 "Unfortunately, one of the things we're having to do is tidy up those situations now in order to get an absolutely clean slate when we come in."

It sounds to me like Fitton is playing hard ball and a bloody good job too.  It also sounds like he still feels there are some unpleasant things that haven't crawled out of the woodwork but I could be reading too much into that.  It would possibly explain some of the delay in that Mikey D could have been asked to provide info about certain debts or transactions and he's dragging his feet or throwing a strop because he doesn't like being dragged into line by anyone.  Whatever I'm with those that see this as a positive.

[Power to people]

Trouble is it does seem that if there is 1 person that won't be bothered about this going tits up then it is Mikey, if he is getting nothing for his shares and nothing from any money that SSW makes back then he is probably not a happy chappy and feels that he is owed by this fc for keeping it afloat for so long.

In Mikey land he is a hero and a saint and deserves a knighthood or what he has done for the FC where he has sweated for a number of years and not taken a wage

In the real world he is nothing and not entitled to anything.

[Peter Venkman]

I have heard from "inside the club" that the delay IS Mike Agipios Diamandis and I was told he is willing to sell to Fitton, but on his terms, I have heard that it is hinging on him (not sure about SSW) getting a percentage of profits if the club ever relocate to a new ground in the next XX amount of years, so as to not lose all his shares for nothing but to have a possible future income from any future profits gained by the new board.

Almost like a sell on clause in a transfer fee.

If this is the case (my source does work quite low down in the club) then I feel it may well explain the delays as they heard Fitton wants to totally wash his hands of the old board members and take on just the club.

Cant say this is much of a revelation as it is pretty much what a lot of us expected. I dont believe that SSW does not wish to sell the club though, I have heard he is pretty fed up with it being a money pit and although he CAN afford to bail us out would rather not bail us out yet again.