Administration

[Batch]

My understanding has been for some time that the club's debts are 'soft' debts (ie to the owner himself).  Under these circumstances, not really sure what Admin would achieve.  If Andrew Black wanted to write off some of that debt, he could probably sort it before lunchtime.

Presumably Black wasn't the sole investor and hence the debts to the holding company are not just owed to him?

[kaufman]

You know the reason why Wray was effectively let go don't you?

Nope pray tell?

[TheDukeOfBanbury]

Not the best news to wake up to !!

Reading this thread has given me a tiny glimmer of hope. We need a message from the club for sure.
Its difficult getting motivated though.

[bigbobjoylove]

Patey sounds out of breath and evasive. Not doing himself any favours with this interview.

[Batch]

Patey:

- Yes club is for sale. No secret. Had encouraging talks.
- Better to sell club in current state (chance of promotion, good players)
- Q, Are we bringing in administrators (not necessarily going into administration)?
   Bringing in professional advisors, help to get potential buyers to due diligence stage
- Patey wants to do best for the club, even if he isn't lifelong fan.
- People are getting ahead of themselves regarding Administration
- Paolo has been briefed on clubs position of club. He took job on basis of budget, which has been used this season.
- Can't rule out administration - no club can do that.
- (Swindon) need to pay its way - that's financial reality but not unique to Swindon.

(Rubbish interviewing from BBC RS. No far reaching questions made)

   

[Abrahammer]

Nope pray tell?

Couldn't say no to Paolo's every request

[Paolo69]

And there we see Patey's diplomatic side. Either he didn't say a lot because there's nothing to say at this stage while talks with new investors are ongoing OR he didn't want to say anything and was more concerned with being late for the dentist.

Either way he hardly allayed any fears. Plus i don't want to hear about other clubs and their chairmen. I know all that but then so did the board when they took this project on. I want to know what's happening TO US, RIGHT NOW!

[nochee]

Every time a new investor comes in it's all about building a new stadium and the profits from that.

This is my concern. I think that the CG cannot be upgraded or profited from is the main problem. Until this changes, were in Groundhog Day

[LucienSanchez]

*closes Betfair account in teenage strop*

[kaufman]

Couldn't say no to Paolo's every request

in that case i did know. cheers

[TheDukeOfBanbury]

Patey:

- Yes club is for sale. No secret. Had encouraging talks.
- Better to sell club in current state (chance of promotion, good players)
- Q, Are we bringing in administrators (not necessarily going into administration)?
   Bringing in professional advisors, help to get potential buyers to due diligence stage
- Patey wants to do best for the club, even if he isn't lifelong fan.
- People are getting ahead of themselves regarding Administration
- Paolo has been briefed on clubs position of club. He took job on basis of budget, which has been used this season.
- Can't rule out administration - no club can do that.
- (Swindon) need to pay its way - that's financial reality but not unique to Swindon.

(Rubbish interviewing from BBC RS. No far reaching questions made)

  

Really appreciate you posting that......Can't get any coverage "up here" so any info sharing is well received.

[newmarket red]

Que the oxford brigade.

[walcot red]

Its never an easy ride being a town fan, lets see how this all plays out before we hit the panic button.

[dporter]

Patey sounds out of breath and evasive. Not doing himself any favours with this interview.

To be fair to him he was walking whilst on the 'phone so i wouldn't read so much into that.

[Ardiles]

Que the oxford brigade.

To be fair, some of them did call this correctly a few weeks ago.  (Although probably more a case of wishful thinking that turned out to be correct, than educated guesswork.)