Administration

[Bumpkin]

How many copies a week does The Football League paper sell?

[RedRag]

His article mentions that every time we added to our wage bill, we knew someone was going unpaid.  Would he care to name a single business, organisation or individual that this applied to?  Just one.  Go on, just one...

Yeah, Andrew Black, simples

[BruceChatwin]

A retraction has to be issued about the word 'cheat'.

Calling Swindon 'cheats' in massive letters in the headline then offering absolutely nothing to back it up in the article is firstly wrong and second potentially damaging and unacceptable libel on the club. The fact he follows it up by saying 'they bought promotion by not paying £13m bills,' which anyone that follows this story knows is plain and outright factually incorrect, since all those bills WERE PAID by our owners, to whom that theoretical debt (theoretical since it's unlikely to be called in) is subsequently owed, shows how embarrassingly unqualified he is to comment on this subject.

At least if I called this guy an ignorant pre-pubescent floppy haired scum-faced biased twat i could show everyone this article to back it up. I think we should be sending the editor of The Football League Paper a lot of emails and demanding a front page retraction and a lot of prostrate grovelling from the guy wrote it.

[donkey]

Yeah, Andrew Black, simples

 

I did think of that, however, Andrew Black hasn't gone 'unpaid' as a result of us signing anyone.  So the challenge to the gentleman stands...Name one!

[STFCforeigner]

All of which should tell you that if we can't find a taker, then the powers that be, will not take a benign view of our situation...we'll be more Looton than Pompey...Patey might not be to everyone's taste, but he's a job to do, if he fails the consequences won't be worth thinking about.

This is the most concerning thing to me

[Iffy's Onion Bhaji]

I think i'm least concerned about the actual 13 million debt than I am about what lies ahead. As said above what if there are no takers? Then we could be up shit creek. The debt sounds like it will be written off if a sale is forthcoming which would be a relief but it's who could takeover now. Let's hope we don't get someone in the mould of the venkys.

[OOH! SHAUN TAYLOR]

This is the most concerning thing to me

Yes but Reg is jumping several steps ahead and looking at the absolute worst, most dire scenario as he rather enjoys doing.

Let's take one step at a time.  Paolo's pretty transparent in his interviews and if he says he is feeling very positive about the situation then I'm sure he has good reason to be.

[Arriba]

Yes but Reg is jumping several steps ahead and looking at the absolute worst, most dire scenario as he rather enjoys doing.

Let's take one step at a time.  Paolo's pretty transparent in his interviews and if he says he is feeling very positive about the situation then I'm sure he has good reason to be.

no harm in looking at worse case scenarios. There are plenty who seem to think there is no problem,and di canio had no idea what was going on a few days ago.

[jonny72]

All of which should tell you that if we can't find a taker, then the powers that be, will not take a benign view of our situation...we'll be more Looton than Pompey...Patey might not be to everyone's taste, but he's a job to do, if he fails the consequences won't be worth thinking about.

I'm still struggling to come up with a scenario that puts us in administration before the summer.

It would need one of the owners to call in their debt, which appears extremely unlikely in the short term. Or for us to stop paying ongoing bills and one of the creditors to take action, which again appears unlikely as we couldn't run up a debt big enough in the short term to make it worthwhile.

Though I'd feel a lot more comfortable if there was a statement from the owners clarifying all of this - what they're planning to do about their loans (how much they want back and when) and if there is money to see out the season.

[STFCforeigner]

Yes but Reg is jumping several steps ahead and looking at the absolute worst, most dire scenario as he rather enjoys doing.

Let's take one step at a time.  Paolo's pretty transparent in his interviews and if he says he is feeling very positive about the situation then I'm sure he has good reason to be.

Yea, you're right. But at the end of the day, who really knows what's going on behind the scenes? It's all speculation on our part

Only the next few days/weeks will tell i suppose..

[GoSWINDON]

Things muist be so tight at The Football League paper that work experience kids get to write articles.

There's more of a likelihood of that paper being in administration by the end of the season that we have.

he does look like 'Tucker' Jenkins from Grange Hill ,

[OOH! SHAUN TAYLOR]

no harm in looking at worse case scenarios. There are plenty who seem to think there is no problem,and di canio had no idea what was going on a few days ago.

No, I don't suppose it does arriba but Reg always seems to do it in such a gleeful way (sorry Reg but that's the impression I get, whether it's intended or not). On the second point, I'm pretty sure there are not many people who think there's 'no problem'.

[Batch]

I think i'm least concerned about the actual 13 million debt than I am about what lies ahead. As said above what if there are no takers? Then we could be up shit creek. The debt sounds like it will be written off if a sale is forthcoming which would be a relief but it's who could takeover now. Let's hope we don't get someone in the mould of the venkys.

I think we all are similarly minded when it comes to 'what if there is no buyer', and this scenario probably highlights the context Wise's 'administration' should be taken in. Fingers crossed, not sure what we can do but wait and see.

[cheltred69]

I'd feel a lot more comfortable if there was a statement from the owners clarifying all of this - what they're planning to do about their loans (how much they want back and when) and if there is money to see out the season.

Going back to the first BBCWS interview with Patey when he came in as chairman, he said his top priority was to get the debt restructured to clear the finances to attract more investors in.  He specifically mentioned needing to get an agreement with some debt-holders to come to an agreement as in practice there was no chance of the loans ever being repaid.  This suggests to me that the majority (especially Black) would be prepared to write off all of the debt if necessary but realistically will want to get the best deal possible from the new investors.  As others have said over the past few days, it seems that insufficient progress has been made on negotiations with those minority parties.

[PetsWinPrizes]

. I think we should be sending the editor of The Football League Paper a lot of emails and demanding a front page retraction and a lot of prostrate grovelling from the guy wrote it.

Absolutely, for a huge national paper, say, I don't know, 'The Sunday People', an enraged group of Town fans might not pose too much of a worry. However a niche publication like that has much more to lose. I'd suggest mass emailing of the editor, and, if that doesn't work, contacting the marketing departments of their main advertisers.

Opinion is one thing, that's an outright wilful misrepresentation of the facts in a essentially a trade paper, at a very important time for our Club.