New beginnings - Fresh Start

[ChalkyWhiteIsGod]

The mental thing is that Black hired that diplomat to come in and find the right buyer.....and he somehow found Jed.

I dread to think what he is like at his day job.

[Uncletrunx]

Was he also the diplomat who sent the whole fanbase into a panic by mentioning administration when it wasn't really on the cards?

If that's how we're talking to the heads of other nations, it's no wonder the world's in the state it is.

[ChalkyWhiteIsGod]

This is him

https://www.bbc.co.uk/sport/football/21188916

[BambooToTheFuture]

You are missing some very important factors that were likely driving Black.

A quick sale under pressure to complete would mean a significantly less challenging period of Due Diligence by any prospective buyer.  This was not about making a "profit" from any sale, but instead about  stopping the cashflow outwards from his bank balance (even a club in a higher division is going to have some challenges selling when it becomes evident they've created an entirely unsustainable business thanks to massive over spending).

That quick sale not only stopped the cash burn, it also banked a Loss that likely worked out well for the tax period.

I'd wager, pardon the pun, that the buyer was precisely the sort of person/people Black was hoping for.

Oh I understand the part of a 'no questions asked' element but a decentish business person would likely have seen through the excessive wage bill problem and looked at workarounds for the debentures. They would have seen the possibility for redeveloping the ground. STFC has always had skeletons in proverbial closets [like most clubs] AND Black most definitely could have still got out of dodge relatively quickly. I'm sure the likes of Sir Martyn Arbib and co could have waited a few more months. I know that from their POV that is moot but for us and STFC [and probably PdC tbh], it really was the worst possible timing for them/us.

Make no mistake, I know why but it still irks me.

NB: Let's add the the fact that most people who buy football clubs are much like people who buy boats - in most cases they will never get their ROI, generally have to continue pumping money in and either don't care because their wealth makes this a plaything/projects/ego trip or they will use the asset/club to make money via other channels/streams. If we look at the 92 Pro League clubs, there aren't particularly many that are in any real form of profit. Yet most are either in some form of debt directly or soft debt via a generous owner.

[BambooToTheFuture]

Thinking about it [recent and possibly current owners], and the more I do, it feels to me like it's The Eady Trust who should be more associated with the tag of ''saving are club''. If they were much softer in allowing funds to be accessed then we all know what could have happened to that estate and potentially to Town too.

[Leggett]

Listening to the latest Price of Football podcast, Jed's name came up twice, linked with the shenanigans of the outgoing owner of Yeovil, and a second club, West Brom I think it was... We were lucky to escape their sticky little mitts, but was a 'out of the frying pan...' with Power, I guess.

[TheDukeOfBanbury]

The mental thing is that Black hired that diplomat to come in and find the right buyer.....and he somehow found Jed.

I dread to think what he is like at his day job.

Like hiring Fred West to lay your patio.

We have had shite owners that feels like eternity.

[Cheltred]

Listening to the latest Price of Football podcast, Jed's name came up twice, linked with the shenanigans of the outgoing owner of Yeovil, and a second club, West Brom I think it was... We were lucky to escape their sticky little mitts, but was a 'out of the frying pan...' with Power, I guess.

I didn't know Jed was involved at Yeovil! Their fans were certainly glad to see the back of the last owner.

[Leggett]

The host has been alluding to things he couldn't say publicly for a while now, as the deal has gone through now he said that some people had seen paperwork indicating there was a deal in place for the stadium to be sold and plans for a hotel, housing and other bits and bobs in place for Huish Park.

[Frigby Daser]

Can definitely confirm Clem is in this for the long haul and not trying to sell the club..

I’d optimistically hoped the exodus of staff was strategic, rather than a case of…. an unplanned exodus of staff.

[The Artist Formerly Known as Audrey]

Will the proposed government changes to visas for student’s families have an impact on Zav’s Pakistan ‘jaunt’.

[horlock07]

Will the proposed government changes to visas for student’s families have an impact on Zav’s Pakistan ‘jaunt’.

That rather depends on whether that is actually the nefarious function of said 'jaunt', it seems to be a speculation that has become 'fact'?

[Batch]

Will the proposed government changes to visas for student’s families have an impact on Zav’s Pakistan ‘jaunt’.

Not very clear from the news articles on it. They are talking about postgraduates.

Suspect it won't affect those younger coming over on a football scholarship

[The Artist Formerly Known as Audrey]

Just wondering if the definition of ‘student’ would cover any young fella that might come over from Karachi.

[Jimmy QuitMoaning]

Or Gal😆