New beginnings - 25% Truth, 80% Bollocks

[Bogus Dave]

Still spouting shit

You didn’t buy the ground 50:50, you were gifted it by a dead fan

You haven’t paid off the debt, you’ve absorbed the debt and will want it back

[4D]

Club needs less investment globally and more investment in the squad. We'll end up with academies for a Non league club.

[Matchworn Shirts]

Talk is cheap, lies are cheaper.

Our squad is cheapest

[Bob's Orange]

The house of cards is coming crashing down isn't it? That old meme where the scooby doo crowd lift the mask off of Clem and reveal Lee Power doesn't seem so absolutely ridiculous now.

[Mooneyraker]

His lies and lack of gratitude to the Eady Trust are an affront.

[Batch]

Club needs less investment globally and more investment in the squad. We'll end up with academies for a Non league club.

That all depends if its self funding in cash and people resources. If it costs us nowt its not an issue . IF.

[Trashbat?]

I was thinking about this last night...cue conspiracy theory.

What if Lee Power called in the debenture and rather than it being paid off to him, he was given back 20% of the club in shares hidden by others names. The way we are currently being run is not a million miles off how it was before under him.

[UTR]

I was thinking about this last night...cue conspiracy theory.

What if Lee Power called in the debenture and rather than it being paid off to him, he was given back 20% of the club in shares hidden by others names. The way we are currently being run is not a million miles off how it was before under him.

I said to my mate the other day, the most Swindon town thing that could ever happen is that the club is sold back to Power in some form.

Not that I think it’s even remotely possible but as McGreal said, it’s Swindon Town.

[DV]

…and then he’ll lose the court case against Standing and Standing will be laboured with a football club he doesn’t want with debts to pay off to Power - ultimate revenge plan…

[Batch]

I was thinking about this last night...cue conspiracy theory.

What if Lee Power called in the debenture and rather than it being paid off to him, he was given back 20% of the club in shares hidden by others names. The way we are currently being run is not a million miles off how it was before under him.

What if Clem is Power's stooge as a man on the inside for the v Standing case.

Actually most likely in the CT (or is it) theory is Power was a fron man for someone, now Clem is.

If he was just a plumber trying his best I'd have massive sympathy. But every day makes that less and less likely,

[Batch]

"I won’t put up with bullshit. That’s how I am."

A producer not a consumer.

[RobertT]

On the 2.9m vs 1.45m thing - he did make some sort of comment (at the time) in relation to that when trying to explain it all.  It was a rambling response and wasn't clear, I want to say it was one of the interviews rather than a news article, but could be wrong.

edit:  although he seems to have changed his tune on the details - he has previously implied the reason for the loan was the short time frame and getting money moved.  In the Forbes article he suggests he had half the money but not the rest.

On the short notice, I imagine this was indeed an output of the deal to provide the ground, not some written demand in the Debenture itself.   The Debentures would have been activated by the sudden arrival of an asset on the clubs books, as they were secured against any and all assets of the business.  They essentially became due - just as they could have been when he purchased the club as well.  Clem mentions previous owners - it could be Black, it could be Power, either way, both would have known it was pointless trying to recoup them on the sale to Clem, but the Ground is worth something.

[Batch]

On the 2.9m vs 1.45m thing - he did make some sort of comment (at the time) in relation to that when trying to explain it all.  It was a rambling response and wasn't clear, I want to say it was one of the interviews rather than a news article, but could be wrong.

Yeah that sounds plausible.

It would reduce the value of the club to a sane level.

[ThreeDrawsMentality]

Some town fan on twitter is claiming it is them who is getting referred to in the article as the one Clem offering out, rather than Whelan et al. So lost - doesn't make sense given how the article is structured.

[horlock07]

On the short notice, I imagine this was indeed an output of the deal to provide the ground, not some written demand in the Debenture itself.   The Debentures would have been activated by the sudden arrival of an asset on the clubs books, as they were secured against any and all assets of the business.  They essentially became due - just as they could have been when he purchased the club as well.  Clem mentions previous owners - it could be Black, it could be Power, either way, both would have known it was pointless trying to recoup them on the sale to Clem, but the Ground is worth something.

I still suspect that paying off the debentures was simply a requirement imposed by the Eady Trust before they released the cash to buy the ground.