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Author Topic: Lee Power  (Read 526012 times)
Flashheart

« Reply #1320 on: Tuesday, June 15, 2021, 18:12:07 »

The case is being covered here: https://www.facebook.com/STFCSupClub/videos/516179169508977
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RobertT

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« Reply #1321 on: Tuesday, June 15, 2021, 18:12:20 »

Takes a while to muddy/vanish paper trails.
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« Reply #1322 on: Tuesday, June 15, 2021, 18:20:32 »

Quote
Did make me smile today when his barrister said she had bank statements from him from 2020 and 2019 but nothing more recent to prove he could fund it.
yeah, but it did bring up his horse racing business (bloodstock or whatever) had been paying into the club ...
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Shrivvy Road

« Reply #1323 on: Tuesday, June 15, 2021, 18:22:11 »

yeah, but it did bring up his horse racing business (bloodstock or whatever) had been playing into the club ...
I believe they said that was until October last year
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« Reply #1324 on: Tuesday, June 15, 2021, 18:23:56 »

yup. then nada.

I bet they don't want anything in return, cough
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RobertT

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« Reply #1325 on: Tuesday, June 15, 2021, 18:25:50 »

Has he got full consent on the Houses/Horses stuff yet?  STFC is clearly being used as a Community Trojan Horse for that, although I don't have any real issue with that.  If he has sold to Clem before he gets what he needs though, I presume Clem would not be obliged to take-up the training ground aspect on a lease.
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The Artist Formerly Known as Audrey

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« Reply #1326 on: Tuesday, June 15, 2021, 18:29:30 »

Surely you can’t be committed to leasing something that has not even built yet
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RobertT

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« Reply #1327 on: Tuesday, June 15, 2021, 19:20:51 »

Surely you can’t be committed to leasing something that has not even built yet

Yep, that's how most developments get off the ground after initial funding.  Just look at all the Landlords who buy flats off plan in London.
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Tamworth Red Army

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« Reply #1328 on: Tuesday, June 15, 2021, 19:22:57 »

Could he get Curran’s dad to lend him the cash if he makes his son club captain?
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Legends-Lounge

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« Reply #1329 on: Tuesday, June 15, 2021, 19:57:06 »

But that’s just throwing ‘good’ money after bad. He reckons it costs £250,000 a month to fund the club. Why spend £750,000 in a futile attempt to cover his tracks.

Depends how much you value your body parts or life.
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Pookemon

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« Reply #1330 on: Tuesday, June 15, 2021, 21:59:58 »

Surely you can’t be committed to leasing something that has not even built yet
Yes you can it's perfectly normal.  However you won't pay rent until you occupy it. 
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Sippo
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« Reply #1331 on: Wednesday, June 16, 2021, 08:11:17 »

What i want to know is how has the club been funded since lockdown? To me £2.9m in debt isn't the worst, could be better but am sure there are other clubs worse off.

Also, how are we funding the new signings? Signing on fees etc.
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
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« Reply #1332 on: Wednesday, June 16, 2021, 08:16:49 »

What i want to know is how has the club been funded since lockdown? To me £2.9m in debt isn't the worst, could be better but am sure there are other clubs worse off.

Also, how are we funding the new signings? Signing on fees etc.

I may be way off here, but the new signings are coming on board from 1st July and so we wouldn't have to pay any fees or anything until then? I assume Power expected to shake the dodgy money tree, or use ST money to pay these?
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
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« Reply #1333 on: Wednesday, June 16, 2021, 08:20:56 »

Naive question here. If Axis was prepared to pay £7.5m for the club and now, by all accounts, only have to pay £250,000, I presume the difference could go on tidying the finances up once and for all plus, maybe, a smidgeon for recruitment!
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Nemo
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« Reply #1334 on: Wednesday, June 16, 2021, 08:25:07 »

Naive question here. If Axis was prepared to pay £7.5m for the club and now, by all accounts, only have to pay £250,000, I presume the difference could go on tidying the finances up once and for all plus, maybe, a smidgeon for recruitment!

I mean, it could. It could also go on an enormous statue of Clem on the Magic Roundabout, it presumably remains their money to spend on what they wish.
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