New beginnings - 25% Truth, 80% Bollocks

[Jimmy Quinn]

We had his drivel with Vic not long ago. The sweary one. He was less slick that Our Man in Switzerland.

Was that before the latest revelations🤣

[Jimmy Quinn]

Do we presume Clem reads the TEF?

Maybe, when he’s not pouring pints in the county ground or driving around in a van!

[RobertT]

And how much of that happened. Events?

Being generous and say we averaged 9000 every game during that 10 year period would mean just over 2 million people through the turnstiles. Every one of those would have to spend £5 every game and that still wouldn’t cover the £11.3m they paid - let alone make a profit.

Here is the joint PR
https://www.swindontownfc.co.uk/news/2013/june/lindley-catering-deal/

It reads like that was the vlaue of the contract, not how much each party stood to gain in Net terms.

There are separate clippings available from the club at the time, pushing this in Sponsor updates, that it was worth about 4m to the club over 10 years.  It would have ran out in May 2023 if left to run it's course.  From the AB minutes and the fact we trumpeted the catering coming in house when Clem took over, we must owe them a few years worth of whatever we agreed.  Either thats money we owe them directly, or money they claim they were cut off from.

[Audrey]

Sounds like big bucks for the club. Is that sort of money normal for a club of our size or do most clubs keep it in-house.

I suppose money up front for Power to squirrel away was always tempting.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

It was Jed wasn't it?

Around the same time people were being mocked for saying he was asset stripping and leased Mercedes were perfectly normal.

Probably the same ones now in Switzerland.

[RobertT]

It was Fitton - the original deal was a smaller one, being a provider of services.  Jed and Co extended it a year early and expanded it.

[RobertT]

Ultimately, the point is - it was a known contract.  Clem took action knowing of it's existence - he may have believed he had a way out, that he could probably lump it on Power breaking the contract during Covid, or at least gamble it all worked out.

At the end of the day, it was all known about - it's not the direct cause of running out of money in November 2023.  It's just a good one to lay blame at, along with the office lease that just appeared in the AB minutes and the car lease with Mercedes, neither of which will be millions of pounds, and neither of which we were bloody paying anyway, as we were disputing them all.  If they all forced our hands to pay-up in October, then we've had it coming the entire two year period.

[Bob's Orange]

I made the mistake of looking at page 1 of this thread (I started the wretched thing!!) which was posted to celebrate getting Power out and Clem in. It hasn't gone brilliantly has it?

[Mooneyraker]

Rob Angus and Greg Norman going were pretty clear harbingers...

That the Clem Cultists can't see any of this terrifies me. The Facebook group... wow. The "Great statement from Clem" brigade.

I'm understand people who say "I've seen it all, don't care, what will be will be, I just enjoy it" but the proper Clem nutters are scary.

[Bob's Orange]

Rob Angus and Greg Norman going were pretty clear harbingers...

That the Clem Cultists can't see any of this terrifies me. The Facebook group... wow. The "Great statement from Clem" brigade.

I'm understand people who say "I've seen it all, don't care, what will be will be, I just enjoy it" but the proper Clem nutters are scary.

I find it quite unsettling that these people actually exist. I bet half these people have fallen for Nigerian Prince email scams before.

[Audrey]

I’m taking Clem at face value here, seeing as, to date, he has done exactly what he said he would do.

When you tot up all the income streams - dramatically increased with Clem taking over - I’d be fairly certain the club is more than self sufficient. What could propel us up the leagues even faster is a good cup run. Lincoln’s fortunes have been on the up off the back of 2 such runs.

Saying that, I wouldn’t be surprised to see us crash and burn tomorrow. As per.

Me and my big, prophetic mouth

[Benzel]

What can we do about it? We’ve no say on who, or if, the club is sold to.

Yeah, nothing. Except watch it get passed to the next goon.

[molepar]

So what is the latest with the catering? Last I heard was a legal dispute pending, with us now keeping all of the revenue from our kiosk sales? Is that no longer the case?

[RobertT]

So what is the latest with the catering? Last I heard was a legal dispute pending, with us now keeping all of the revenue from our kiosk sales? Is that no longer the case?

That it is situation - the company took over a Winding-up petition against the club, hence "legal dispute".  It seems almost certain we will end-up owing them money, just a question of how much.  Clem just seems to have used this crutch to lean on for why we had an accounting error, I mean cash flow bump, I mean didn't pay some people....

[Mooneyraker]

I wonder why he felt he could just tear up the contract in the first place...?