New beginnings - 25% Truth, 80% Bollocks

[ChalkyWhiteIsGod]

The only way we're looking between half a mill and a mill a year is it if its in consultant fees to a list of Britains most wanted.

I'm really fucked off with all this particularly given how well we're doing on the pitch.

[Mooneyraker]

Can someone who understands this stuff explain how you can buy £2.95m of debentures for £1m and then call the full amount in at zero notice?

[The Artist Formerly Known as Audrey]

Tbh, I can’t make my mind up what’s the worst scenario.

Clem is just incompetent - but even that isn’t reassuring for the long term health of the club

Or

There is someone ‘standing’ in the shadows pulling the strings - until, at least, the court case is sorted.

Why can’t we, just for once, be fucking normal.

[RobertT]

It seriously should not be this hard to keep a story together - as a way of trying to garner some sort of sympathy, I presume, he's brought up the debt when buying the club.  I haven't looked right now, but even the shitty accounts produced by Power would have shown a basket case of a business with a significant amount of debt owed to someone.  The Debenture amounts were on public record, and even existed in those very same Accounts I believe.  I'm still not entirely sure we should jump to the conclusion it was Power who owned the Debentures either - it's opaque, in so far as they provide a subtle hint it was him, but they were registered to the original Debenture Holders as far as I can see by way of official records on Companies House.  I mean, it could be Power, but just fucking say so then, we all hate him, so what possible harm could it do, unless it's BS.

As I said, I'm not losing sleep over this - my life goes on, STFC goes on.  It just seems clear to me we are getting a bunch of fluff, so better to just accept that is how it will be.  The Eady Trust has at least ensured nobody can really fuck with the Ground, the only real asset the club has any rights to.

[RobertT]

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

He has some, but he's also in business with Barry - their family links in the business world seem quite entrenched.  I think Standing's wife was a Director of a company that seemed to act solely for the purpose of managing Louie Barry's finances for example.

[Mooneyraker]

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

Standing/Barry weren't allowed to be owners of a football club under FA rules. Whilst Standing is now 'no longer involved' in his agency, presumably he'd need to stay in the shadows as to avoid the FA saying he was an STFC shareholder all along...
It's dragged on so fucking long, most of us can barely keep up now. But yes, the orthodoxy does seem to be "Standing bad." Should that still be the case?

[The Artist Formerly Known as Audrey]

The Trust statement said implicitly it was Power and Curran.

[Mooneyraker]

He has some, but he's also in business with Barry - their family links in the business world seem quite entrenched.  I think Standing's wife was a Director of a company that seemed to act solely for the purpose of managing Louie Barry's finances for example.

[Quagmire]

As did the Advisory Board minutes.

[The Artist Formerly Known as Audrey]

Gareth Barry

[RobertT]

Gareth Barry

What about him?  Business partner of Standing's, their combined families are entangled in a lot of different business.  Nothing dodgy about that, not that any digging has been done.

[Mooneyraker]

What about him?  Business partner of Standing's, their combined families are entangled in a lot of different business.  Nothing dodgy about that, not that any digging has been done.

You said Louie... little lad on loan from Villa under Garner. Unless he's under the Scooby Doo mask with all that Barca money of his...?!

[RobertT]

As did the Advisory Board minutes.

It doesn't mention by actual name though, does it?  Again it matters not, really.  The Debentures existed, the public record had them at over 2m and previous ownership changes had made it clear that they were due to be repaid on the sale of the club, or any other significant asset trade.  Clem got lucky nobody asked for them in 2021.

[RobertT]

You said Louie... little lad on loan from Villa under Garner. Unless he's under the Scooby Doo mask with all that Barca money of his...?!

Yes - Standing's wife has an interest in a business set-up for Louie Barry.

[Mooneyraker]

Yes - Standing's wife has an interest in a business set-up for Louie Barry.

My head hurts... What's Bradley up to!?