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« Reply #465 on: Thursday, May 13, 2021, 12:39:36 »

You'd hope that won't be a problem if Clem has the money ready to go. (or if Abel's offer is deemed acceptable).

You'd hope not, assuming he still wants to bid after seeing the books
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Power to people

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« Reply #466 on: Thursday, May 13, 2021, 13:01:58 »

So assuming Clem's Axis offer is accepted, it could still take a couple of weeks for things to go through as surely proof of funds need to be shown, contracts need to be drawn up agreed and signed.

New CEO appointed

FA / FL need to approve sale & new ownership structure

New manager needs to be appointed as well as backroom team so he can decide on retained list and decide on some sort of pre-season

Nobody knows if there is still a fitness coach, what the lease is for beaversbrook for training facilities

FL loan(s) needs to be paid back to enable us to sign any new players

Assume also a restructuring of the youth setup with the sad passing of Alan Mac will need to be done

If Able's bid is accepted then this will take longer as they are not cleared by FA / FL

Then there is the matter of how the sale funds are split between Power & Standing (assume judge will order for funds to be placed with a solicitor until court case is over)

I just cant see Power making this easy, just waiting for something else to crop up

And what bearing will this have on the FA charges against Power / Standing / Stfc

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Crackity Jones

« Reply #467 on: Thursday, May 13, 2021, 13:31:49 »

I don't know why but I don't think it's going to be as straightforward as a sale to Axis or Able (if they exist) or a.n.other. Maybe I am just naturally pessimistic and paranoid. That's what supporting this club does to you
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Munichred

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« Reply #468 on: Thursday, May 13, 2021, 13:40:23 »

Exactly this - things may or may not get resolved.  

I suspect the following - but new spanners could be thrown!
Assuming the books have been opened to fully Axis, it then depends if Axis are ready and willing to make a formal offer for the club.  
 



I see what you did there.  Maybe the other interested party is ready and willing...
« Last Edit: Thursday, May 13, 2021, 13:42:30 by Munichred » Logged
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« Reply #469 on: Thursday, May 13, 2021, 13:53:35 »

I don't know if this has been mentioned on here, but I was speculating last night whether the Fowler thing could possibly involve him investing, or being part of a bid to buy Power out, what with his interest in property.
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« Reply #470 on: Thursday, May 13, 2021, 14:31:31 »

As we're virtually starting from scratch next season, I think we need an experienced head alongside a manager / coach maybe a director of football (not that cunt Sherwood) so as the manager can concentrate on the playing side. An inexperienced manager in their first role would really have their work cut out picking up all the different strands. Whats Paul Trollope doing nowadays.
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Panda Paws

« Reply #471 on: Thursday, May 13, 2021, 14:56:36 »

As we're virtually starting from scratch next season, I think we need an experienced head alongside a manager / coach maybe a director of football (not that cunt Sherwood) so as the manager can concentrate on the playing side. An inexperienced manager in their first role would really have their work cut out picking up all the different strands. Whats Paul Trollope doing nowadays.

I think if we're well-funded post takeover, you're dead right. A head of football operations alongside a proper EFL CEO and proper commercial director would be way more important for the long term than any managerial appointment.
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« Reply #472 on: Thursday, May 13, 2021, 15:20:06 »

I don't know if this has been mentioned on here, but I was speculating last night whether the Fowler thing could possibly involve him investing, or being part of a bid to buy Power out, what with his interest in property.

I am pretty sure his interest in property is small scale (in size not volume) rather beyond a football ground. I recall ages ago it was noted he owned a hell of a lot of residential property in the north west.
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« Reply #473 on: Thursday, May 13, 2021, 15:26:01 »

I am pretty sure his interest in property is small scale (in size not volume) rather beyond a football ground. I recall ages ago it was noted he owned a hell of a lot of residential property in the north west.

Hence the song, "We all live in a Robbie Fowler house" to the tune of Yellow Submarine sung by the scousers back in the day
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flammableBen

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« Reply #474 on: Thursday, May 13, 2021, 15:30:53 »

There’s been references to Robbie Fowler to being a bit socialist, but apparently he’s a fucking landlord?
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« Reply #475 on: Thursday, May 13, 2021, 15:49:24 »

Interesting that all the (F)EINs for Able have invalid IDs - not even one is valid, adding further questioning of either their operations or more importantly their transparency in regards to taxation. It might be nothing...  Hmmm

WILLIAM KERAVUORI - AC MERGER, INC. (Massachusetts (US) 28 Feb 2019-)
WILLIAM KERAVUORI - ABLE COMPANY, CORP. (Massachusetts (US) 28 Feb 2019-)
WILLIAM KERAVUORI - ABLE COMPANY LLC (Massachusetts (US) 23 May 2019-)
WILLIAM KERAVUORI - AC WIDETT DEVELOPER, LLC (Massach'tts (US) 14 Feb 2020-)
WILLIAM KERAVUORI - ABLE MANAGEMENT LLC (Massachusetts (US) 14 Feb 2020-)
WILLIAM KERAVUORI - ABLE COMPANY HOLDINGS LLC (Massach'tts (US) 14 May 2020-)
WILLIAM KERAVUORI - AC ACQUISITIONS LLC (Massachusetts (US) 1 Jul 2020-)

I'm sure there's a few more but these are all the active ones I could find and to me the above actions appear very red flag ish. Seemingly when the Able interest was coming about/possibly being set up (we found out in Oct 2019) in the space of just 16 months, 7 (seven) ABLE/AC companies were set up... Eek

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

In other news I notice a certain Mr L M P has signed over significant control (75%+ shares) of one of his largest operations (Power Geneva LTD) to his son Jack just last month (6th April, added 21st).

Now just why would he transfer over one of his larger assets/operations? Wasn't there talk that he could '...incur a substantial CGT bill...' in another area of his business practices?! Looks like he's remedied some of that already with a nice bit of Hold Over Relief of shares to JP. Well it certainly looks like that has happened anyway.
« Last Edit: Thursday, May 13, 2021, 15:51:59 by bamboonoclue » Logged


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« Reply #476 on: Thursday, May 13, 2021, 16:02:16 »

He did the same at Waterford. Jack Power is now the General Manager.

The specific Able business named in the last court proceedings, Able Company Swindon LLC aka Able Sports Wiltshire LLC has zero information about their existence.
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« Reply #477 on: Thursday, May 13, 2021, 16:04:29 »

I'm sure there's a few more but these are all the active ones I could find and to me the above actions appear very red flag ish. Seemingly when the Able interest was coming about/possibly being set up (we found out in Oct 2019) in the space of just 16 months, 7 (seven) ABLE/AC companies were set up... Eek


TBH I wouldn't read too much into it, if they are in property development its entirely par for the course to divide projects etc up into various shell companies so x doesn't bring y down if it fails.
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« Reply #478 on: Thursday, May 13, 2021, 18:18:42 »


The specific Able business named in the last court proceedings, Able Company Swindon LLC aka Able Sports Wiltshire LLC has zero information about their existence.

Yeah they were the first two I looked at and officially zero joy on those  Hmmm

Referring the others as Horlock says...

TBH I wouldn't read too much into it, if they are in property development its entirely par for the course to divide projects etc up into various shell companies so x doesn't bring y down if it fails.

That does of course make sense, thanks. In some ways my query was more the timeframe and how it sits with their supposed involvement with Mr Power. Setting up several entities in preparation to take over STFC? Especially with the names (I know they mean nothing largely) "merger" and "acquisitions" , the latter being the most recent one too.

I get what you're saying though but the invalid FEIN/EIN on all of them seems a bit odd. Maybe that means very little too but I expected at least one to come through as my understanding is that it's a requirement for businesses to have one for taxation purposes. Does this mean all these companies whilst active are just dormant possibly? Essentially awaiting to be used if needed or if not, subsequently dissolved?
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« Reply #479 on: Thursday, May 13, 2021, 19:17:47 »

Yeah they were the first two I looked at and officially zero joy on those  Hmmm

Referring the others as Horlock says...

That does of course make sense, thanks. In some ways my query was more the timeframe and how it sits with their supposed involvement with Mr Power. Setting up several entities in preparation to take over STFC? Especially with the names (I know they mean nothing largely) "merger" and "acquisitions" , the latter being the most recent one too.

I get what you're saying though but the invalid FEIN/EIN on all of them seems a bit odd. Maybe that means very little too but I expected at least one to come through as my understanding is that it's a requirement for businesses to have one for taxation purposes. Does this mean all these companies whilst active are just dormant possibly? Essentially awaiting to be used if needed or if not, subsequently dissolved?


Used to divvy up the ill gotten gains when the ink has dried on all the paperwork.
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