sonicyouth
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« Reply #15 on: Monday, February 25, 2013, 11:13:58 » |
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yeah I thought it unlikely. Wasn't trying to trip you up jj. I'm genuinely interested.
we're certainly not in £13m debt, that's a fact. |
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Peter Venkman
Past glories motivate us when times are bleak.
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Perfection is not attainable
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« Reply #16 on: Monday, February 25, 2013, 11:16:25 » |
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yeah I thought it unlikely. Wasn't trying to trip you up jj. I'm genuinely interested.
I hope we find out a little more today with the meeting, they may go into a little more detail about this and we will know, although I do doubt it because I guess from any owners point of view "it is not really our business" even though we as fans do like to think we know it all when we actually know very little of the finances of any club we follow. The thing is that under Fitton and Wray we were informed much better with good communication which at least made us feel part of proceedings, whether or not that is the case is neither here nor there, we at least felt we were "in the know". I fear those days have passed us now though and it will be much more cagey running of the club as it seemed to be under Patey, a need to know basis, or even less. |
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From the station at Colchester
To the cells of Warrington
From the services at Leicester
To the slums of Northampton
We travel over England
And one day Europe too
Cos we all follow the Swindon
We're the famous Town End crew.
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #17 on: Monday, February 25, 2013, 11:20:28 » |
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I'd imagine that all of the soft debt within the (old) holding company was wiped. This would've been all of the cash that Black pumped in over the years to fund transfers & the day to day running of the club.
What remains to be seen is whether Black will retain his debenture over the leasehold.
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Peter Venkman
Past glories motivate us when times are bleak.
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« Reply #18 on: Monday, February 25, 2013, 11:23:03 » |
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I'd imagine that all of the soft debt within the (old) holding company was wiped. This would've been all of the cash that Black pumped in over the years to fund transfers & the day to day running of the club.
What remains to be seen is whether Black will retain his debenture over the leasehold.
Are we likely to find this out? is this sort of information released at board meetings/annual accounts etc etc? I expect Black has some form of at least trying to get some money back I would have thought. |
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From the station at Colchester
To the cells of Warrington
From the services at Leicester
To the slums of Northampton
We travel over England
And one day Europe too
Cos we all follow the Swindon
We're the famous Town End crew.
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #19 on: Monday, February 25, 2013, 11:44:29 » |
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Debentures/charges are filed with Companies House, so if it's released we will know about it.
As for the old holding company, depends on what happens to it. If it gets liquidated then we may never know what happened to the debt. For instance, the old Wills/Diamandis holding company is STILL in liquidation 5 years on.
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kerry red
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« Reply #20 on: Monday, February 25, 2013, 12:37:42 » |
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Also, would have thought the Exeter fella would have commented if any money was still owed for TAH - which makes it more unlikely we owe Shrewsbury anything for Collins - contrary to what Methusela said in his programme notes. I cant see us treating one club differently from another. BTS Tisdale is very short fav with 5 bookies http://www.oddschecker.com/football/football-specials/swindon/next-permanent-manager |
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« Last Edit: Monday, February 25, 2013, 12:42:14 by kerry red »
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Arriba
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« Reply #21 on: Monday, February 25, 2013, 12:43:11 » |
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Alot of transfers do not see all fees paid upfront. I'm guessing the Collins one was done in installments.
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Samdy Gray
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« Reply #22 on: Monday, February 25, 2013, 12:44:00 » |
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No, it was all up front because the tribunal ordered it. TAH would likely have been the same.
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Arriba
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« Reply #23 on: Monday, February 25, 2013, 12:47:35 » |
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No, it was all up front because the tribunal ordered it. TAH would likely have been the same.
what's shrewsburys problem then? |
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Ginginho
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« Reply #24 on: Monday, February 25, 2013, 12:48:23 » |
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Samdy Gray
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« Reply #25 on: Monday, February 25, 2013, 12:52:31 » |
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Ah, didn't see that. I stand corrected (assuming the Shrewsbury Star article is factual).
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Arriba
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« Reply #26 on: Monday, February 25, 2013, 12:53:59 » |
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Ah, didn't see that. I stand corrected (assuming the Shrewsbury Star article is factual).
you were right. Just that appearances have triggered further payments now |
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ghanimah
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« Reply #27 on: Monday, February 25, 2013, 12:56:23 » |
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A report by Shropshire Star based on Turner's account http://www.shropshirestar.com/sport/shrewsbury-town-fc/2013/02/25/shrewsbury-town-still-pursuing-swindon-for-james-collins-cash/Nothing's changed then. Still two points though...why did it not crop up in the FL approval process if we owe it and the money (if we owe it) was due during a period of takeover negotiations. Do Shrewsbury think they're so important that we should have dropped everything to sort them out before we had finalised a takeover of our own club...? |
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"We perform the duties of freemen; we must have the privileges of freemen ..."
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TheMajorSTFC
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« Reply #28 on: Monday, February 25, 2013, 13:00:27 » |
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Turner still seething about last season's 2-1 loss at The CG...sour grapes Old Man, move on!
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#VivaKenBarlow!
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #29 on: Monday, February 25, 2013, 13:01:03 » |
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Was it common knowledge that we paid that much for Collins.
Nice to see that the honourable Mr Turner tried to get him back on the cheap when it looked like we were in trouble, like him even more after that.
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