The Grim Reaper
 Offline
Posts: 1728
|
 |
« Reply #1455 on: Friday, June 18, 2021, 18:48:10 » |
|
Can’t help but feel Power will easily provide proof of funds, he’s not exactly short of a Bob or too. I suspect he will drag this out to the bitter end while he has his own legal people find any which way they can to avoid selling to Axis. Pretty certain even someone as bullish as Power would have handed over control by now if he felt he couldn’t win. Expecting this to drag on through until September.
|
|
|
|
|
Logged
|
|
|
|
Peter Venkman
We don't need no stinking badges.
Offline
Posts: 59341
Things can only get better
|
|
« Reply #1456 on: Saturday, June 19, 2021, 09:38:36 » |
|
Can’t help but feel Power will easily provide proof of funds, he’s not exactly short of a Bob or too. I suspect he will drag this out to the bitter end while he has his own legal people find any which way they can to avoid selling to Axis. Pretty certain even someone as bullish as Power would have handed over control by now if he felt he couldn’t win. Expecting this to drag on through until September.
This 100%. |
|
|
|
|
Logged
|
Only a fool does not know when to hold his tongue.
|
|
|
|
Shrivvy Road
|
|
« Reply #1457 on: Saturday, June 19, 2021, 09:47:44 » |
|
I have heard he doesn't have a pot to piss in and it is the club that has been funding his lifestyle hence clinging on until the last minute
|
|
|
|
|
Logged
|
|
|
|
ThreeDrawsMentality
Offline
Posts: 680
|
|
« Reply #1458 on: Saturday, June 19, 2021, 09:53:53 » |
|
I have heard he doesn't have a pot to piss in and it is the club that has been funding his lifestyle hence clinging on until the last minute
And that would tie in with how our budget has looked since Power's 2nd season. Fitton referenced before that an average attendance of 7500 and £200 season tickets would mean a comfortable £2-£2.5mn budget. We were averaging similar in 2014/15 and with a pricier season ticket cost, but had an initial budget of £1.5mn...so makes you wonder where that discrepancy was going |
|
|
|
|
Logged
|
|
|
|
Peter Venkman
We don't need no stinking badges.
Offline
Posts: 59341
Things can only get better
|
|
« Reply #1459 on: Saturday, June 19, 2021, 10:05:47 » |
|
I have heard he doesn't have a pot to piss in and it is the club that has been funding his lifestyle hence clinging on until the last minute
In the previous court case Powers solicitor said Power can easily arrod to fund the club but that he has no desire to contnue funding it. How true that is I have no idea. |
|
|
|
|
Logged
|
Only a fool does not know when to hold his tongue.
|
|
|
The Artist Formerly Known as Audrey
Offline
Posts: 19351
?Absolute Calamity!?
|
|
« Reply #1460 on: Saturday, June 19, 2021, 10:12:16 » |
|
He’s more full of shit than my septic tank.
He’s a pragmatist. If hanging on will cost him money, he’ll be off soonest. He’s always used someone else’s cash to fund the club, he won’t be putting any of his own in.
|
|
|
|
|
Logged
|
|
|
|
Peter Venkman
We don't need no stinking badges.
Offline
Posts: 59341
Things can only get better
|
|
« Reply #1461 on: Saturday, June 19, 2021, 10:16:02 » |
|
I can't help but think he is waiting around for the Twine fee, the possible Odimayo fee to be decided and any possible fee from Payne leaving as hes still under contract so he can pocket them before he fucks off.
|
|
|
|
|
Logged
|
Only a fool does not know when to hold his tongue.
|
|
|
The Artist Formerly Known as Audrey
Offline
Posts: 19351
?Absolute Calamity!?
|
|
« Reply #1462 on: Saturday, June 19, 2021, 10:27:17 » |
|
Maybe. But if he said to Axis ‘I’m prepared to hand he club over but included in the deal is the Twine etc money’ I’m sure they’d facilitate him.
|
|
|
|
|
Logged
|
|
|
|
Posh Red
Posh by name, Posh by nature
Offline
Posts: 7266
|
|
« Reply #1463 on: Saturday, June 19, 2021, 11:33:13 » |
|
I still think he’s dragging it out to give him time to “bury” the evidence of illegal activity.
|
|
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
Offline
Posts: 55328
|
|
« Reply #1464 on: Saturday, June 19, 2021, 11:34:53 » |
|
wouldn't be surprised posh.
cockroaches are bastards to get rid of too. So I think this is going to drag
|
|
|
|
|
Logged
|
|
|
|
The Grim Reaper
Offline
Posts: 1728
|
|
« Reply #1465 on: Saturday, June 19, 2021, 15:12:00 » |
|
I may have mis read some of the previous posts but am I right in thinking Power has unintentionally set himself up to sell his shares for just £250K? Would be karma if the highest order if that’s all he gets after 8 years of running this club into the ground. Even better if Axis find a way not to pay him for any non legitimate debts and the fat chancer ends up in prison should any dodgey dealings come to life.
|
|
|
|
|
Logged
|
|
|
|
The Artist Formerly Known as Audrey
Offline
Posts: 19351
?Absolute Calamity!?
|
|
« Reply #1466 on: Saturday, June 19, 2021, 15:26:23 » |
|
You’re correct. Because he tried to sell to Able, valuing the sale at £250,000, that price is now locked in for Axis.
Axis will then be liable for settling ‘legitimate’ debts. What they consider to be legitimate will, no doubt, lead to further ‘action’, but at least by then they will control the club.
|
|
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
Offline
Posts: 55328
|
|
« Reply #1467 on: Saturday, June 19, 2021, 15:37:46 » |
|
yeah, he's bound to be up for a wedge of payment in directors loans, etc.
cause, you know shaaaawn, he loves the club and has been putting his own money in... cough
|
|
|
|
|
Logged
|
|
|
|
tans
You spin me right round baby right round
Offline
Posts: 24991
|
|
« Reply #1468 on: Saturday, June 19, 2021, 16:28:17 » |
|
BUT HE SAVED THE CLUB!
|
|
|
|
|
Logged
|
|
|
|
RedRag
Offline
Posts: 3310
|
|
« Reply #1469 on: Saturday, June 19, 2021, 16:54:56 » |
|
If the Court does order the share transfer for £250k, it may be that the onus will then switch to Power to prove to Clem/Axis the legitimacy of his claims against the club inc director's loans. Clem would then be in a position to examine this at his leisure, insisting on seeing a load of paperwork that Power has likely shredded or that incriminates Power. Please, please, pretty please God, make it so!
|
|
|
|
|
Logged
|
|
|
|
|
