The Million Pound Man
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« Reply #7830 on: Thursday, November 9, 2023, 09:50:46 » |
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Is the debenture bit totally accurate? I have no real idea how they work but the 3 days or the club gets liquidated seems both dramatic and far-fetched? Happy to be educated.
Also didn't he previously say he'd borrowed all of the money to pay it off? Here he says it's just half.
Sounds like bollocks, he could prove it if its true... show us the correspondence. |
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Bob's Orange
Has brain escape barriers
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« Reply #7831 on: Thursday, November 9, 2023, 09:54:20 » |
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None the wiser myself, but recall Rich mentioning on a previous LSpod that people he knows within the industry find the 3 day story to be far-fetched
I don't believe it's like some loan shark style loan where you are given an unrealistically short period of time to settle it or you lose your knee caps. |
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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tans
You spin me right round baby right round
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« Reply #7832 on: Thursday, November 9, 2023, 09:56:16 » |
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Rattled isnt he?
Stop digging a hole!
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Audrey
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?Absolute Calamity!?
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« Reply #7833 on: Thursday, November 9, 2023, 09:56:27 » |
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TBF we're all crying out for someone with footballing knowhow to run the club. Power has run a club or two into the ground before 
Fixed for you |
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ThreeDrawsMentality
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« Reply #7834 on: Thursday, November 9, 2023, 09:56:53 » |
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I don't believe it's like some loan shark style loan where you are given an unrealistically short period of time to settle it or you lose your knee caps.
Same! I wonder if the short timeframe is 'true' in Clems head but under the guise that the debt needed settling in a short time frame to meet the requirements for the imminent stadium purchase, rather than Power turning up with the baseball bat. |
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UTR
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« Reply #7835 on: Thursday, November 9, 2023, 09:58:27 » |
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Just one normal day this week please
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Nemo
Shit Bacon
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« Reply #7836 on: Thursday, November 9, 2023, 10:04:43 » |
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Fucking oath.
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theakston2k
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« Reply #7837 on: Thursday, November 9, 2023, 10:05:49 » |
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Whelan says Morfuni hasn’t spoken to him so he’s even made that up.  |
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Pericardinho
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« Reply #7838 on: Thursday, November 9, 2023, 10:05:58 » |
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I'm confused (doesn't take much)
I can see LSPOD has taken snippets and put them on twitter. But where's the full thing? and who interviewed/spoke to him?
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Bob's Orange
Has brain escape barriers
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« Reply #7839 on: Thursday, November 9, 2023, 10:07:01 » |
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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Pericardinho
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« Reply #7840 on: Thursday, November 9, 2023, 10:08:04 » |
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Robinz
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« Reply #7841 on: Thursday, November 9, 2023, 10:13:46 » |
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Clem Mofuni.. I hope you are right
However, talk is cheap and a couple of Australian scholars aren't going to get STFC out of this current situation.
Your honeymoon period is over in Wiltshire
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JoeMezz
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« Reply #7842 on: Thursday, November 9, 2023, 10:14:39 » |
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"We got rid of the debt. The previous owners bought a debenture for a million quid.” He said the previous owners than “put a statutory demand on the club to pay the 2.95 million pounds. We had three days to pay it or the club would be put in liquidation. I had half the money and borrowed the rest so the club would be saved.”"
So the sold shares were only 1.5 million or so, is that news for people? Would mean 20% at 1.5 million so club value = 7.5 million or am I missing something?
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Pericardinho
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« Reply #7843 on: Thursday, November 9, 2023, 10:15:10 » |
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Nothing makes any sense.
There's not enough cash flow to pay staff, 50% off shirts yet we are happy to fly kids over to England for something that is 99.9% going to be a waste of time.
Unless it's being sponsored by somebody.
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Peter Venkman
Past glories motivate us when times are bleak.
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Perfection is not attainable
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« Reply #7844 on: Thursday, November 9, 2023, 10:18:14 » |
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Clem Mofuni.. I hope you are right
However, talk is cheap and a couple of Australian scholars aren't going to get STFC out of this current situation.
Your honeymoon period is over in Wiltshire
Talk is cheap, lies are cheaper. |
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From the station at Colchester
To the cells of Warrington
From the services at Leicester
To the slums of Northampton
We travel over England
And one day Europe too
Cos we all follow the Swindon
We're the famous Town End crew.
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