Administration

[Christy]

Where I think you're half right is that I suspect it may be Wray et al who are trying to use the "A"bomb on Black by going public with it as a possibility - "Black wants out and he's even prepared to put us into admin to achieve his own ends".

Mmm, maybe I'm not the only one who thought it was highly fortunate that JW was available for interview at 8am in the morning, just after the 'news' had broken? 

[lambourn red]

I think this image depicts todays events

[url width=466 height=480]http://www.idiomsbykids.com/taylor/mrtaylor/class20022003/idioms/idioms2003/Make%20A%20Mountain%20Out%20Of%20A%20Male%20Hill.jpg[/url]

[Arriba]

Although there is no need to panic yet, this is not good. The signs are worrying imo

[Batch]

I think the fact the sole investor wants out is anything but a mountain out of a mole hill.

It isn't a crisis yet, it may be the best or the worst thing that can happen to a club. But its hugely significant.

[Simon Pieman]

Agreed Arriba. My worry has been building since Wray left.

The only crumb of comfort I have is that I can’t see the current investors all demanding their money back (as they know they can’t get it). Primary concern is Andrew Black – we’ve relied on him too much, even pre di Canio. Strange appointment for a manager though if you don’t want to spend money. I suppose languishing in league 2 makes the club less investment worthy though.

[fittons_coaching_badge]

Lets be honest we all knew with the various playing staff incoming/outgoings over the last 18 months we were outstripping the clubs natural turnover and would be relying on Mr Black to bankroll the club out his back pocket, anyone who thought other wise was deluding themselves.

Ultimately putting the club into administration will make it more attractive to potential investors but will see Black lose more money than he already has done. It is promising there are talk of several interested parties already but the prospect of a quickfire shootout between a coiuple of groups would be laced with risk for the long term future of the club.

Am I disappointed at todays events .....Yes
Am I surprised .....NO

[TheMajorSTFC]

If I had the money I'd buy us   ...sadly I don't  

[hobnob]

One consolation is that it looks as though there are some people intrested - just have to hope it not some twats like at Blackburn.

What we don't need now is a fire sale, but I bet the sharks will be circling if this isn't sorted out fast.

[bigbobjoylove]

I dont really understand the going on in the transfer market of late. If the funding had stopped, why was the signing of Darren Ward and the loan extensions sanctioned? Surely these "football experts" we're bringing in will immediately cancel the loans anyway as a way of cost-cutting.

[Batch]

No, it is new shares which have been issued but not yet paid for. Value of £320,000 in total.

So Black, or A.N. Other could purchase these and in effect invest £320K in the club?

[horlock07]

So Black, or A.N. Other could purchase these and in effect invest £320K in the club?

I assume so, could they also (by already owning 95%) use the creation of extra shares to further dilute the interest of others in the club.

[Simon Pieman]

So Black, or A.N. Other could purchase these and in effect invest £320K in the club?

They’ve already been issued, just not paid for. If the acquirer did not want to pay for them they could probably be cancelled, but they're technically owned by somebody (on tick, if you're down with the street lingo).

I reckon it’s probably something to do with bolstering the funds in January to ensure we’re inside the correct criteria for the % turnover. I could be reading into that completely wrong.

[TheDukeOfBanbury]

Some things never change though......Adrian Durham is a prick.

[singingiiiffy]

Lets be honest we all knew with the various playing staff incoming/outgoings over the last 18 months we were outstripping the clubs natural turnover and would be relying on Mr Black to bankroll the club out his back pocket, anyone who thought other wise was deluding themselves.

Ultimately putting the club into administration will make it more attractive to potential investors but will see Black lose more money than he already has done. It is promising there are talk of several interested parties already but the prospect of a quickfire shootout between a coiuple of groups would be laced with risk for the long term future of the club.

Am I disappointed at todays events .....Yes
Am I surprised .....NO

for the last two years crowds have been very good and at an expensive ticket price, we have done brilliant in the cups and stuck to our wage budget and wage caps. Although we had an embargo that was because of the unexpected advance payments of collins and troy but we used what was being saved for january spending to get us out. imagine what state we would be if we struggled in all competitions?

you say we have been outspending the clubs natural turnover but when have ever had such good sponsorship deals and back to back success in league and cups. 

[reeves4england]

Sorry to bring TalkSportDrive before your precious eyes, but this is pathetic. First they spout a load of ill-informed nonsense, then come out with childish nonsense when you highlight it.

Alex Hays ‏@alexjhays
Fact of the day, from Swindon Adver: "At no point has it been reported that Swindon Town are going into administration." #stfc

2h Adam Johnson ‏@adamdjohno
@alexjhays read the tweets from @talksportdrive. Mental.

34m Alex Hays ‏@alexjhays
@adamdjohno @talkSPORTDrive Read a few. How TalkSport counts as journalism is beyond me.

13m talkSPORTDrive ‏@talkSPORTDrive
@alexjhays @adamdjohno boring. Obvs not read tweets

37s Alex Hays ‏@alexjhays
@talkSPORTDrive @adamdjohno Read them twice, as I couldn't believe I read it right first time. Club have said admin not under consideration!