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STFC_Gazza
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« on: Friday, February 6, 2009, 09:28:54 » |
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Thought this was already released prior to the AGM... The part about Bill Power is the most important. http://www.thisisswindontownfc.co.uk/news/headlines/4105534.Town_s___1_75million_loss/TOWN made a loss of £1.75million in 2007, newly-published accounts have revealed.
The club’s operating loss stood at just over £2.2million, but they recouped more than £800,000 from player sales, which included the departure of teenage striker Lukas Jutkiewicz to Premiership giants Everton.
Turnover increased from just over £3.1million in 2006 to more than £3.5million in 2007.
The accounts also revealed that the company owed nearly £2.5million to Shaw Park Developments Ltd, a joint venture between developers St Modwen and Town's holding company to explore the possibility of a new stadium.
The 50 per cent interest in Shaw Park Developments Ltd has since been transferred to Swindon Football Holding Ltd, the consortium headed up by current chairman Andrew Fitton.
It was also revealed that former club owner Sir Seton Wills and son James provided an indemnity for the £1million claim against the club by former director Bill Power.
[/b] |
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Reg Smeeton
Walking Encyclopaedia
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« Reply #1 on: Friday, February 6, 2009, 10:33:43 » |
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St Modwen...now there's a name from the past.
I remember going to a shiny exhibition at the CG, where they had put on display the plans for the various developments they wanted around the whole CG site, and probably Shaw Tip.
Good thing about a recession is it puts paid to wholly profit based exploitation like this.
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herthab
TEF Travel
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« Reply #2 on: Friday, February 6, 2009, 10:35:54 » |
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2.5 million to 'explore' the possibility?
I'd have charged them half that.
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It's All Good..............
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Summerof69
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« Reply #3 on: Friday, February 6, 2009, 10:43:30 » |
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2.5 million to 'explore' the possibility?
Of the idea that was in Mr Whippy's head? |
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RobertT
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« Reply #4 on: Friday, February 6, 2009, 11:45:15 » |
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that's just window dressing, the loans were never spent on the ground development idea, which was drawn up by Mikes Printing company. The loans were used to prop up an ailing clubs cash problems and came as secured debt as I remember from the previous accounts (it's been in them for a few years).
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Summerof69
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« Reply #5 on: Friday, February 6, 2009, 12:33:10 » |
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Diamond Mike's financial engineering !!!
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #6 on: Friday, February 6, 2009, 12:53:20 » |
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Diamond Mike's financial engineering !!!
Can't see that catching on as a chant |
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Reg Smeeton
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« Reply #7 on: Friday, February 6, 2009, 13:23:22 » |
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Can't see that catching on as a chant
Not so sure...fits in very well to... we are Sturrock's red and white army..tune. Get a few loud mouth TEFers on the case and it might catch on. |
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DV
Has also heard this
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Joseph McLaughlin
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« Reply #8 on: Friday, February 6, 2009, 15:11:01 » |
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So, I think its fairly obviously we'll Cox for 1.75m in the summer!
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herthab
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« Reply #9 on: Friday, February 6, 2009, 15:13:31 » |
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So, I think its fairly obviously we'll Cox for 1.75m in the summer!
Oxford or Cambridge? |
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Fred Elliot
I REST MY FUCKING CASE
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« Reply #10 on: Friday, February 6, 2009, 15:34:18 » |
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STROKE  |
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flammableBen
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« Reply #11 on: Friday, February 6, 2009, 15:35:42 » |
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Oh no. Fred's had a stroke
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Fred Elliot
I REST MY FUCKING CASE
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« Reply #12 on: Friday, February 6, 2009, 15:36:31 » |
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Had plenty Ben, not been to work for two days
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Bushey Boy
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« Reply #13 on: Friday, February 6, 2009, 15:41:17 » |
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This was the accounts up to teh end of December 2007 remember, the club wont of lost that this year
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Ironside
Wir müssen die Liberalen ausrotten
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« Reply #14 on: Friday, February 6, 2009, 17:53:17 » |
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Diamond Mike's financial engineering !!!
Who's the worse "financial engineer": Mick the Bubble or Gordon "one eyed, scottish idiot" McBrooon? |
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Genius, Gentleman Explorer, French Cabaret Chantoose and Small Bets Placed and someone who knows who they are changed my signature but its only know that I can be arsed to change it....and I mean all the spelling mistakes.
Was it me? It can't have been an interesting enough event for me to remember - fB.
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