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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 1051167 times)
RobertT

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« Reply #2175 on: Wednesday, September 28, 2022, 11:16:03 »

Hearing the debentures should be sorted very soon too which if i am right makes us debt free apart from the interest free FL grant. Some achievement if that is the case

It would indeed be good news, but not debt free I doubt, just no long term debts to the external parties identified at the takeover.  I would very much doubt the investment to pay those debts off has been achieved purely through revenue.  Likely we now owe Morfuni directly.  Hopefully those are interest free Directors Loans and remain unsecured.
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Batch
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« Reply #2176 on: Wednesday, September 28, 2022, 11:37:08 »

Yeah, I guess it's the terms that are important

But it's got to be good Clem/the club have found the money to get rid even if it's turned to other debt.
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Posh Red
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« Reply #2177 on: Wednesday, September 28, 2022, 11:46:22 »

I can't see it being commercially viable.   Even just thinking about Corporate tickets, who wants a 3 course sit down meal at 10.00 in the morning?  Not forgetting lost bar sales and harder for away fans to attend.

I think you could watch on Ifollow too (legally) which will lose a few in the ground but may gain a few who can't normally go.

Bacon butties before the game with a full meal after would get over the corporate issues.

As for away fans, when most teams are bringing less than 200 that’s not going to make a lot of difference.

Bear in mind that we did this a couple of times last season (Rovers & Port Vale in the playoffs) albeit not being the clubs choice.

For those of us that travel a fair distance it means an early start, but we also get home at a reasonable time on a Saturday night meaning the evening isn’t a write off.
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Posh Red
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« Reply #2178 on: Wednesday, September 28, 2022, 11:47:31 »

Are these the same debentures that Power was charging the club £14,000 a month interest which previous owners charged nothing for ?
We have certainly moved on a long way since those days.  Smiley

Yeah, but if the rumours are true he’d sold them on to another party
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horlock07

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« Reply #2179 on: Wednesday, September 28, 2022, 12:29:17 »

Yeah, I guess it's the terms that are important

But it's got to be good Clem/the club have found the money to get rid even if it's turned to other debt.


Alternatively Clem could have noted what the detailed review of historical accounts has revealed and made a quiet call to Power asking him he wanted the money to settle them placing in his current account or the Fiji Account (for you Ghosts fans out there!)
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DMC

« Reply #2180 on: Wednesday, September 28, 2022, 14:02:05 »

It would indeed be good news, but not debt free I doubt, just no long term debts to the external parties identified at the takeover.  I would very much doubt the investment to pay those debts off has been achieved purely through revenue.  Likely we now owe Morfuni directly.  Hopefully those are interest free Directors Loans and remain unsecured.
They are interest free and unsecure i think, sure he mentioned it on a call in
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Legends-Lounge

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« Reply #2181 on: Wednesday, September 28, 2022, 14:27:13 »

Yeah I get that. I've not seen anywhere that says Swindon is even thinking about it though.

Just trying to make commercial sense of those that are.

I get that, just bitching about my special case 😁 in advance of the club even thinking about it yet alone putting out the feelers to gauge fans reaction.
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The Artist Formerly Known as Audrey

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« Reply #2182 on: Wednesday, September 28, 2022, 18:23:57 »

So, deposit for CG purchase to be done 31st January. Balance 6 months later.

Presume roof on the Bank is first up.
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The Grim Reaper

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« Reply #2183 on: Wednesday, September 28, 2022, 20:08:12 »

So, deposit for CG purchase to be done 31st January. Balance 6 months later.

Presume roof on the Bank is first up.

Anything less than a complete demolition and rebuild of Stratton Bank is simply polishing a turd IMO.
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tans
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« Reply #2184 on: Wednesday, September 28, 2022, 20:33:56 »

No points deduction from the EFL?
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DMC

« Reply #2185 on: Wednesday, September 28, 2022, 21:54:02 »

Biggest outcomes from tonight’s Fans Forum:
- No early kick offs
- No points deduction on the outcome of the EFL investigation
- Debentures will be resolved in the coming weeks
- Deposit on the CG will be paid by 31st January 2023
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« Reply #2186 on: Wednesday, September 28, 2022, 22:24:10 »

Thanks
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The Artist Formerly Known as Audrey

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« Reply #2187 on: Wednesday, September 28, 2022, 23:27:09 »

Anything less than a complete demolition and rebuild of Stratton Bank is simply polishing a turd IMO.
The stated plan is to roof the Bank and build a new Town End, so we’ll have to live with it. It’ll be no different to Pompey’s away end.
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4D
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« Reply #2188 on: Wednesday, September 28, 2022, 23:44:37 »

I hope the TE stays as a single bank.
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The Grim Reaper

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« Reply #2189 on: Thursday, September 29, 2022, 05:06:07 »

The stated plan is to roof the Bank and build a new Town End, so we’ll have to live with it. It’ll be no different to Pompey’s away end.

Just makes more sense to me to leave The Town End as it is and use it for away fans and build a decent Stratton Band Stand that would link up with DRS and Arkells.
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