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Author Topic: New beginnings - Fresh Start  (Read 257404 times)
Jimmy QuitMoaning

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« Reply #2010 on: Wednesday, August 3, 2022, 08:30:52 »

No mention of what the outstanding debt is for😀
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Nemo
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« Reply #2011 on: Wednesday, August 3, 2022, 08:42:30 »

No mention of what the outstanding debt is for😀

Well, they're the catering/events supplier (or were up until this summer) so it'll be something along the lines of that.

I suspect that there will be some level of dispute around the 18 months or so of various Covid restrictions where there would have been very low level of use of any of the facilities and who bears the "loss" of that. The fact that it suggests around £300k of the £316k claimed is disputed suggests we're not just talking a few bar tabs here and there.
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Jimmy QuitMoaning

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« Reply #2012 on: Wednesday, August 3, 2022, 08:48:27 »

Well, they're the catering/events supplier (or were up until this summer) so it'll be something along the lines of that.

I suspect that there will be some level of dispute around the 18 months or so of various Covid restrictions where there would have been very low level of use of any of the facilities and who bears the "loss" of that. The fact that it suggests around £300k of the £316k claimed is disputed suggests we're not just talking a few bar tabs here and there.

Cheers Nemo
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Bob's Orange
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« Reply #2013 on: Wednesday, August 3, 2022, 08:49:00 »

Well, they're the catering/events supplier (or were up until this summer) so it'll be something along the lines of that.

I suspect that there will be some level of dispute around the 18 months or so of various Covid restrictions where there would have been very low level of use of any of the facilities and who bears the "loss" of that. The fact that it suggests around £300k of the £316k claimed is disputed suggests we're not just talking a few bar tabs here and there.

Was that the 10 year catering contract that was signed under Jed and we managed to get out of?
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
Peter Venkman
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« Reply #2014 on: Wednesday, August 3, 2022, 08:53:40 »

Was that the 10 year catering contract that was signed under Jed and we managed to get out of?
I understand it is exactly that.
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Red Frog
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« Reply #2015 on: Wednesday, August 3, 2022, 08:53:55 »

Was that the 10 year catering contract that was signed under Jed and we managed to get out of?

Yep, that's the one. An enduring gift from the stench that was Jed.

I'm really reassured to have a proper business head as CEO at last, and a thorough lancing of all these boils. They all need to be worked through, and most of them vigorously contested as the mismanagement of previous regimes is exposed, but within another year or so, we should be free of them and be able to focus on future development.

That's quite something at our club. Almost a first in my time supporting it.
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Nemo
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« Reply #2016 on: Wednesday, August 3, 2022, 08:54:35 »

Was that the 10 year catering contract that was signed under Jed and we managed to get out of?

I think it just ran its course, Jed sold it in 2013 or so so think it was up this summer. It's possible that we cut it short by a year or two but it certainly ran for most of its lifetime.

That was announced at the time as a £13m contract, suggesting a value of about £1.3m a season, so the amounts involved here are relatively small.
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Bob's Orange
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« Reply #2017 on: Wednesday, August 3, 2022, 09:01:22 »

Well, they're the catering/events supplier (or were up until this summer) so it'll be something along the lines of that.

I suspect that there will be some level of dispute around the 18 months or so of various Covid restrictions where there would have been very low level of use of any of the facilities and who bears the "loss" of that. The fact that it suggests around £300k of the £316k claimed is disputed suggests we're not just talking a few bar tabs here and there.

Ah that would make sense then. Wouldn't such a loss due to something like a pandemic be covered by insurance?
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
RobertT

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« Reply #2018 on: Wednesday, August 3, 2022, 12:26:43 »

Given the contract was for them to pay us in return for being the sole provider of matchday food and beverage (concourse areas only I believe, we still ran the Corporate), then any debt we owe them would likely be contentious.  Why would we owe them money when it was them paying us in the deal?  That would make me assume this comes down to some sort of loss of revenue claim, which would also support why we would be trying to negotiate a number in settlement rather than just paying up.  The contract likely has some grey area wording around early termination and/or didn't  cover what would happen with a closed stadium in definitive terms.
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JBZ
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« Reply #2019 on: Wednesday, August 3, 2022, 12:31:25 »

Unless someone is ITK and has had sight of the contractual documents and related papers, who knows what is going on.

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Boy About Town
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« Reply #2020 on: Wednesday, August 3, 2022, 15:24:47 »

Unless someone is ITK and has had sight of the contractual documents and related papers, who knows what is going on.



Just raise costs of the pasties and sausage rolls by 50p a piece.
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Honkytonk

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« Reply #2021 on: Wednesday, August 3, 2022, 19:10:47 »

Did they actually sell pasties and sausage rolls? Other than the odd Bovril or coffee (mostly to keep my hands warm) I don't think I've bought anything from club catering for more than 10 years.
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Pookemon

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« Reply #2022 on: Wednesday, August 3, 2022, 19:19:17 »

Did they actually sell pasties and sausage rolls? Other than the odd Bovril or coffee (mostly to keep my hands warm) I don't think I've bought anything from club catering for more than 10 years.
Yep, they were pretty good last year too.
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@MacPhlea

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« Reply #2023 on: Thursday, August 4, 2022, 07:37:49 »

https://www.swindonadvertiser.co.uk/news/20595713.swindon-town-winding-up-petition-details-emerge-second-debt/?fbclid=IwAR2baea6LIR3iRFHO08Pg9Fo9vtsQ5TLYJi3objoz_-aNWl20qVF6pVY06E&ref=suit
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Berniman
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« Reply #2024 on: Thursday, August 4, 2022, 07:57:41 »

Just raise costs of the pasties and sausage rolls by 50p a piece.

After trying to raise ticket prices by 10-20%, raising food prices by 25% is probably not going to go down well. The club is already being accused of rinsing the fans at every opportunity.
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“Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.” ― Marcus Aurelius

When somebody shouts STOP! I never know if it's in the name of love, if it's HAMMER TIME, or if I should collaborate and listen...
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