Morfuni investing heavily in STFC

[Nemo]

https://www.swindonadvertiser.co.uk/sport/13585526.town-appoint-three-new-non-executive-directors/

Article from back when three of them were appointed, Power's men. Ben Gristwood, not sure.

[Trashbat?]

This has really got the Facebook group going, worst than Area 51 conspiracy stories today.

Oh god, what is there problem with it?

Let me guess...Clem is a reptile who feeds on the souls of football fans?!

[theakston2k]

Oh god, what is there problem with it?

Let me guess...Clem is a reptile who feeds on the souls of football fans?!

Apparently it was a loan that Power couldn't pay back and they fell out blah blah blah.

[Batch]

I've not heard that other than on the FB site

[theakston2k]

I've not heard that other than on the FB site

Let’s be honest that’s because it’s a made up attention seeking story. Same guy claimed we deliberately lost the play-off final FFS.

[Flashheart]

Let’s be honest that’s because it’s a made up attention seeking story. Same guy claimed we deliberately lost the play-off final FFS.

And quite a few believed him.

[Quagmire]

It’s like the interview Clem done the other week never happened.

[horlock07]

https://www.swindonadvertiser.co.uk/sport/13585526.town-appoint-three-new-non-executive-directors/

Article from back when three of them were appointed, Power's men. Ben Gristwood, not sure.

Ta.

A quick look at companies house suggests that the other guy has the same correspondence address as Power so again I assume a friend.

[Flashheart]

Morfuni also claims to be prepared to invest an additional £1.1m to help fund the purchase of the freehold to the County Ground from Swindon Borough Council, alongside a further £700,000 share investment to help purchase new players and grow the club’s background team.

Does that mean that he will be buying more shares on top of the 15%

[JanAirplaneMan]

Clem needs to be a shareholder in order to be deemed serious about the CG regeneration so needs to actually be a director and own shares. Simple as that.

[Legends-Lounge]

Does that mean that he will be buying more shares on top of the 15%

None of us know how much Wonga Power or Morph have. That said my few shillings are on Powers pot not being big enough to hols as much piss in as Morphs. Hence why Morph is prepared allegedly to ‘invest’ £1.1m and another £750k. It is not coincidental that the £1.1m is exactly half the stadium cost with the trust fronting the rest. I feel Powers pot is full with the training ground development, that’s where his money is going to be made plus anything from the sales of the club because the ground is obviously separate. Morphs real interest is the ground which is also coincidently his business expertise. Of course I could be wwwaaaaayyyyyy out but hey it’s a talking point.

[suttonred]

That would make a lot of sense from what little we know. Whatever's happening my topknot isnt tingling like a few previous boardroom shifts we've experienced.

[Flashheart]

I reckon that Power is trying to hold on for a share of a larger profit when selling after promotion (if it happens), but Morfuni will gradually chip away at his shareholding as Power needs funds.

[BambooToTheFuture]

I'm from Uncle.

Anagram of Clem Morfuni. Question is will Power be prepared to 'say Uncle' when he wants some more cash flow?

I also bizarrely have visions of Clem on wrecking ball, taking the first swing into the County Ground, ala Jim'll Paint It style.

No I haven't had my pills yet!

[Batch]

I reckon that Power is trying to hold on for a share of a larger profit when selling after promotion (if it happens), but Morfuni will gradually chip away at his shareholding as Power needs funds.

me too