New beginnings - 25% Truth, 80% Bollocks

[Outletred]

I am starting to think the Town has been taken over by a Russian Oligarch. First we have had “Glasnost “ giving the fans “maximum openness and transparency” and now “Perestroika” where we seem to have a “reconstruction of our economic system”. The appointment of our management team and indeed our new players all seem like cheap options to me. Yes I know  we still have debts to pay and we owe Clem big time but I really don’t see the money we do have being spent with a view of going for promotion. I’m old school so playing fatigued players and following the stats models ain’t my thing I’m afraid. I hope I am wrong but I am starting to doubt our owners intentions.

I would agree- both managerial appointment and players this year have been cheap options. We should be challenging for autos this season and the fans expect no less.

[Nemo]

I am starting to think the Town has been taken over by a Russian Oligarch. First we have had “Glasnost “ giving the fans “maximum openness and transparency” and now “Perestroika” where we seem to have a “reconstruction of our economic system”. The appointment of our management team and indeed our new players all seem like cheap options to me. Yes I know  we still have debts to pay and we owe Clem big time but I really don’t see the money we do have being spent with a view of going for promotion. I’m old school so playing fatigued players and following the stats models ain’t my thing I’m afraid. I hope I am wrong but I am starting to doubt our owners intentions.

Wasn't it Power that had a five year plan though?

[Batch]

I would agree- both managerial appointment and players this year have been cheap options. We should be challenging for autos this season and the fans expect no less.

Playing Devil's advocate, this could well be what sustainability looks like. Also we do have money to find for remaining debts and the ground purchase (that's gone quiet hasn't it?).

Clem isn't loaded, mot in football terms.

I'm a bit underwhelmed at the moment, going to take a few results to show me otherwise.

[RobertT]

Even in full sustainability mode you would expect a team with 10k crowds to be able to finance an automatic promotion challenging squad in Div 4.  Even allowing for a couple of teams who are "funded" well beyond their means.

The broader model sits well with me, but only if you fund it sufficiently to achieve both long term growth in player sales on top of a squad to get out of this division.  I hope we haven't put the latter at risk.

[Batch]

Even in full sustainability mode you would expect a team with 10k crowds to be able to finance an automatic promotion challenging squad in Div 4.  Even allowing for a couple of teams who are "funded" well beyond their means

Yes you would. Are we there yet though?

You would think we would improve over last year though.

[Lardy Cake]

I have been trying to put expectation aside and just look at the happenings since the play offs. Both Bens chose to leave a long term initiative. I don’t think we will ever know the reasons why ! A number of players also left for various reasons, I understand some we’re not offered new contracts and some we are told we’re offered very good terms but we ended up losing the core of the team that did so well last season. It’s my view that you need continuity at all levels within a football club to achieve improvement. I know this has already been discussed on here but whether it’s a Power five year plan or a Clem long term initiative neither seemed to work/will work with so much change going on. This seems to be the Swindon way so it’s no wonder some of us are getting disgruntled even if it’s only the first week of the new season.

[Swindon Please Win]

BREAK: A judge has said a winding-up petition into
@Official_STFC
 should be dismissed.

Judge Stephen Baister ruled that the club were entitled to properly test Able's case that they should have paid back £100,000, something they couldn't do under a winding-up petition.

But...

Able have been granted permission to appeal and another firm, Centreplate UK, who are also owed money by the club have applied to take over the petition.

The case will be listed for the next available date in ten days’ time, where the judge will rule on whether to allow the substitution.

Meanwhile, he ordered Able to pay 75 per cent of the club’s legal costs.

That application will be decided at some point after 10 days.

https://www.swindonadvertiser.co.uk/news/20595473.swindon-town-fc-winding-up-petition-dismissed-judge-rules/

Power is really trying here.

[Hyabb17]

BREAK: A judge has said a winding-up petition into
@Official_STFC
 should be dismissed.

Judge Stephen Baister ruled that the club were entitled to properly test Able's case that they should have paid back £100,000, something they couldn't do under a winding-up petition.

But...

Able have been granted permission to appeal and another firm, Centreplate UK, who are also owed money by the club have applied to take over the petition.

The case will be listed for the next available date in ten days’ time, where the judge will rule on whether to allow the substitution.

Meanwhile, he ordered Able to pay 75 per cent of the club’s legal costs.

That application will be decided at some point after 10 days.

https://www.swindonadvertiser.co.uk/news/20595473.swindon-town-fc-winding-up-petition-dismissed-judge-rules/

Power is really trying here.

Seems quite telling to me that the judge has dismissed it after all these trial dates. Was Centreplate the deal which Jed did or was this another Power one? Catering deal for 10 years or so....

[Nemo]

That sounds promising for the club. I thought the Centreplate (old catering company from Jed's wonder deal) issue was resolved mind.

[JBZ]

No surprise in relation to the debt claimed by 'Able'

[Bob's Orange]

BREAK: A judge has said a winding-up petition into
@Official_STFC
 should be dismissed.

Judge Stephen Baister ruled that the club were entitled to properly test Able's case that they should have paid back £100,000, something they couldn't do under a winding-up petition.

But...

Able have been granted permission to appeal and another firm, Centreplate UK, who are also owed money by the club have applied to take over the petition.

The case will be listed for the next available date in ten days’ time, where the judge will rule on whether to allow the substitution.

Meanwhile, he ordered Able to pay 75 per cent of the club’s legal costs.

That application will be decided at some point after 10 days.

https://www.swindonadvertiser.co.uk/news/20595473.swindon-town-fc-winding-up-petition-dismissed-judge-rules/

Power is really trying here.

So Centreplate are having a go at this winding up malarkey now?

[Batch]

Centerplate, it's Centerplate (Adver)

Yup. Looks like it.

Centerplate presumably pissed off that they were ousted some time into the 10 year Jed deal  (or not
paid a severance. or.)

Nice to see Able get stiffed on costs though. Unlucky Curran/Power ..

[Legends-Lounge]

Wasn't it Power that had a five year plan though?

Why, yes indeed he did now you mention it.

I think the thrust of it was allegedly, ‘to get to the championship using everyone else’s money try not to pay anything back and earn as much out of his ‘investment’ at Swindon Town as was possible until found out’. Largely succeeded by the look of things.

[Batch]

This was from the June Advisory minutes:
https://www.swindontownfc.co.uk/news/2022/june/stfc-advisory-board-june-minutes-now-available/

CM noted EP’s apologies and provided the legal update. Discussions in respect of the debts with Centerplate continue with the aim to find an amicable settlement. DPDS debt now settled but legal costs remain in dispute. Alleged debts in respect of Jewell and Mercedes continue to be discussed. CM confirmed the latest re the Able contested debt and their winding up petition which is now adjourned to July ‘22.

[Bob's Orange]

Centerplate, it's Centerplate (Adver)

Yup. Looks like it.

Centerplate presumably pissed off that they were ousted some time into the 10 year Jed deal  (or not
paid a severance. or.)

Nice to see Able get stiffed on costs though. Unlucky Curran/Power ..

Do the club have to pick up the remaining 25%? It probably won't be a huge sum of money but given he's a hot shot lawyer aren't EP's fees going to be a fair amount given all these bloody court cases which are just dragging on and on?