New beginnings - 25% Truth, 80% Bollocks

[Batch]

https://truststfc.com/2023/09/19/share-transfer-and-ownership-statement/?fbclid=IwAR1Pb5gpMJGs-HiiwTF2M3byCVGhTWYIM6ssnLFZwcWpChqz_MZ-44jcCLc

[Nemo]

Trust statement is pretty good in my view, fair and forceful without being hysterical.

In a way the most concerning bit is the throwaway 'losing 500k-1m per year line' - if true, that would mean all the cost cutting has not closed the budgetary gap and if anything it has grown. Also a 500k range in projections on a company of this size feels pretty wild.

[oxonrobin]

I find this bit quite reassuring

“ An example of this is Friday’s agreement to allow a representative from the Trust Board to review the financial records and accounts of the Club, something which goes above that previously agreed and probably unheard of at other Clubs. ”

So long as it isn’t watered down access.

[Nemo]

Oh - Clem's last statement (not the Angus one, the one with Clem's name on it) said that most of the money had been relaid with only a small shareholding remaining. That seems tough to square with these answers.

There does seem to be a slight Johnsonian tendency to say whatever will make the current problem go away regardless of the long term effect creeping in.

[Batch]

I like the trust statement. No point in going to war. Can do more good cooperating and watching

[tans]

Interesting

[Hyabb17]

Interesting

That was picked up as well. Still some fabrication of the truth.

[RobertT]

Oh - Clem's last statement (not the Angus one, the one with Clem's name on it) said that most of the money had been relaid with only a small shareholding remaining. That seems tough to square with these answers.

There does seem to be a slight Johnsonian tendency to say whatever will make the current problem go away regardless of the long term effect creeping in.

I mean, quite frankly (and before someone jumps, this is not keeping me up at night or depressing me), a couple of the responses given mean one of two things - either Clem is an incompetent fuckwit when it comes to buying a business, or he's feeding complete Bullshit.  Even a basic bit of googling could have given him more then he seemed able to achieve in terms of Due Diligence for example, and he was a fucking shareholder!!

Sorry, it's clear it's not about Fans having their club back and that the Trust are seen as useful idiots to try and keep happy because that pesky Eady Trust tied them together.

Ultimately, that may make no difference - we've not been a fan owned club and we've had some shady fuckers running the joint for as long as I can remember.

[ChalkyWhiteIsGod]

I find this bit quite reassuring

“ An example of this is Friday’s agreement to allow a representative from the Trust Board to review the financial records and accounts of the Club, something which goes above that previously agreed and probably unheard of at other Clubs. ”

So long as it isn’t watered down access.

This.

I just can't shake the feeling we're being shaken down for 'consultation fees' or the likes if we're supposedly losing money still as cost cutting measures are clearly aplenty, yet the gates are good, the ticket prices are high and the club shop is always fucking sold out of everything.

[Quagmire]

Interesting

What am I missing here as I can’t work out what the point is?

[Hyabb17]

What am I missing here as I can’t work out what the point is?

Said a month ago that the money for the shares was almost paid back, tonight this appears not to be the case.

[RobertT]

What am I missing here as I can’t work out what the point is?

Clem said he had got most of the shares back and repaid most of the loan in his follow up grovel statement when exposed as a liar and sending Rob Angus out to hang.  His response now is that he hasn't got any shares back and hadn't repaid most of the debt and doesn't see it as a priority to do so.

[Quagmire]

Ahh, thanks chaps - long day.

[Mooneyraker]

I mean, quite frankly (and before someone jumps, this is not keeping me up at night or depressing me), a couple of the responses given mean one of two things - either Clem is an incompetent fuckwit when it comes to buying a business, or he's feeding complete Bullshit.  Even a basic bit of googling could have given him more then he seemed able to achieve in terms of Due Diligence for example, and he was a fucking shareholder!!

Sorry, it's clear it's not about Fans having their club back and that the Trust are seen as useful idiots to try and keep happy because that pesky Eady Trust tied them together.

Ultimately, that may make no difference - we've not been a fan owned club and we've had some shady fuckers running the joint for as long as I can remember.

This is where the "Standing's frontman" argument comes to the fore IMO.

No one could be this all over the place unless there was obfuscation at play, could they?!

[skiptotheLouMacari]

I'm lost.
Does Michael Standing have money?
If down the line he becomes the owner is it an issue?