New beginnings - 25% Truth, 80% Bollocks

[Outletred]

We’re losing money hand over fist because he’s transferring the funds to the other side of the world to keep his main business going😁

You’re probably correct his business’s are struggling so that makes sense

[Jimmy Quinn]

You’re probably correct his business’s are struggling so that makes sense

But can’t see him admitting to that.

[DV]

Clem is as much a credible source as a random person on the TEF who said the players hadn’t been
paid.

I get the skepticism over what Clem has said but why are we taking the word of some dickhead on the TEF as the cold hard honest truth?

[Jimmy Quinn]

Who started the rumour on here🤔

[Batch]

Angus liking a post about cash flow worries.

you don't flog shirts off cheap before Christmas if you don't need cash.

[Bob1978]

Clem is as much a credible source as a random person on the TEF who said the players hadn’t been
paid.

I get the skepticism over what Clem has said but why are we taking the word of some dickhead on the TEF as the cold hard honest truth?

Yeah who to believe some dick head on the TEF or someone who claims to have injected £250k into the club over the past couple of weeks. 🤔 I suppose we should take both with healthy scepticism.

[Batch]

or someone who claims to have injected £250k into the club over the past couple of weeks. .

yeah, so the wages were slightly delayed not late

[RobertT]

The club statement reads as total bullshit to me - it's got far to much insinuations without detail to be taken seriously.  It's like the Iraqi guy telling everyone that they were OK while the US tanks were rumbling away in the background.

The most obvious reason to discount it, is the fact it doesn't just outright deny.  It takes each possible problem and gives a degree of credence to it by trying to add a little colour to why it's not a problem or something to worry about.

All these dodgy contracts we have - how fucking long do we sign up to stuff?  Clem has been in the bloody building for 6 years and sole owner for two.

Someone asked about pre-emption rights - Yes is the answer.  They were added at the same time the shares were transferred.  There are no details about money, so it's likely just having the right to get first dibs.  We still have no idea what the loan terms were either.

[Mooneyraker]

The club statement reads as total bullshit to me - it's got far to much insinuations without detail to be taken seriously.  It's like the Iraqi guy telling everyone that they were OK while the US tanks were rumbling away in the background.

The most obvious reason to discount it, is the fact it doesn't just outright deny.  It takes each possible problem and gives a degree of credence to it by trying to add a little colour to why it's not a problem or something to worry about.

All these dodgy contracts we have - how fucking long do we sign up to stuff?  Clem has been in the bloody building for 6 years and sole owner for two.

Someone asked about pre-emption rights - Yes is the answer.  They were added at the same time the shares were transferred.  There are no details about money, so it's likely just having the right to get first dibs.  We still have no idea what the loan terms were either.

Clem has always been a fan of the rambling nonsense press release.

But responding to allegations of players not being paid by talking about a new fanzone is right up there. If the plumbing thing doesn't work out, which seems likely, i'd suggest he gives PR and Comms a swerve.

[RobertT]

Right, so having looked at the AB minutes (because I am certain the fanzone thing was raised at the first one, over two years ago) the contracts thingy relates to the fact the catering deal is still unpaid by us and subject to a winding-up order.  That one was known about - a 10 year deal, which would be up soon I think.  Clem obviously decided to take a risk and cut ties and bring it in house, so it is not surprising they would want their money.

Then there is some waffle about Powers car and some sort of lease on an office.  Don't get me wrong, I am sure Power was sorting out shit for himself and left trouble, but it has been two fucking years.  You may not like what he signed the club up to, but you were in the fucking room when he did (not literally).

I thought Clem may have been going on about some great unknown financial strains - these are known about and hardly bank breaking.   Yes, they are a pain, but when you are an existing shareholder and non-Exec Director of the business for four years and then do your due diligence when forcing a sale to you, suck it up.  I have no sympathy for Clem here at all.  Move on, find new ways to make money and handle what you took on.

[Mooneyraker]

Yes, his window for blaming the previous ownership, of which he was a part as you rightly say, has long slammed shut.

Whelan, who clearly has a reliable 'in', is saying some players were told their wages were paid late due to an accounting error. Imagine them then reading Clem's absolute guff that it never happened.

I do sense that we are reaching the endgame for Clem.

[Audrey]

With having absolutely no idea about football finances I’d like to know if our income would cover our expenditure if there were none of these ‘anomalies’ that Clem claims are causing the deficit.

[Audrey]

That’s why the full accounts are needed.

Power hid behind reduced accounts for years while he plundered

[Jimmy Quinn]

I think Power was more savvy than Clem plus seemed to have lots of crooked contacts.

[Power to people]

Clems statement seems to hang rob angus out to dry where it says that he is speaking with his mate Anthony Hall about non favourable current contracts and he is fully briefing him on them, so what did Rob Angus do, sit on his hands and ignore anything financial and tell Clem all is fine financially ?