Bob's Orange
Has brain escape barriers
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« Reply #7875 on: Thursday, November 9, 2023, 14:12:44 » |
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Thanks RP.
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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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STFC_Manc
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« Reply #7876 on: Thursday, November 9, 2023, 14:18:40 » |
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But where did that come from? I think it was just surmised because we all thought Clem had borrowed the entire £2.9m to buy the debenture.
I’ve looked through stuff and, tbf, I couldn’t find a Clem Gem stating he borrowed the entire amount. He just said he had 3 days to pay it, didn’t have the money to hand and borrowed an amount.
I'm not sure I have read the exact amount before this but I always took it that Clem paid for some and borrowed money for the rest. |
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Audrey
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?Absolute Calamity!?
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« Reply #7878 on: Thursday, November 9, 2023, 14:31:13 » |
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There have been some obscure, some unclear statements regarding the debenture.
Thus from October last year
‘ Swindon Town can today confirm that all historic debentures, or debts secured against the football club under previous regimes, have now been paid off.
The move signals a huge step towards complete financial security for the football club, with £2.95million cleared by our owner, Clem Morfuni, with the help of our dedicated fans, sponsors and partners.’
You can interpret that last but as the fans/sponsors/partners helped out financially and I suppose, tbf, there’s not much else those 3 groups could help with apart from financially. Does ‘fans’ mean you and me or a couple of people associated with the club that can be described as fans.
This bit seems to suggest that only part if the £2.95m was borrowed.
Clem Gem
“I didn’t possess sufficient liquid funds at the time to settle the entire sum at such short notice while also addressing the substantial inherited debt.
“Money was borrowed from two individuals that I reached out to and shares in the club were utilised as security for the loan as virtually all my assets are in Australia.
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Mooneyraker
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« Reply #7879 on: Thursday, November 9, 2023, 14:47:18 » |
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Is Gav Gunning being held hostage? Seems a hell of a demotion. |
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JoeMezz
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« Reply #7880 on: Thursday, November 9, 2023, 15:09:18 » |
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Is Gav Gunning being held hostage? Seems a hell of a demotion.
Different badge - is that because STFC's involvement is with a different business that's not the official football club? Wonder how Gav is being paid for this... |
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Audrey
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?Absolute Calamity!?
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« Reply #7881 on: Thursday, November 9, 2023, 15:10:57 » |
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Or they’ve got a heap of old kit with the old logo on to flog off.
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Bob's Orange
Has brain escape barriers
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« Reply #7882 on: Thursday, November 9, 2023, 15:15:56 » |
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Someone has pointed out that had Power bought the Debentures from Black/Arbib for 1 million quid there would have been something on Companies House. The only thing on CH, is that the Debentures show as 'satisfied' in September 2022. I assume that had Power done what was alleged, that would have been reflected somehow in the charges section on CH? |
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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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Ƭ̵̬̊: The Artist Formerly Known as CWIG
TOLD YOU SO
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« Reply #7883 on: Thursday, November 9, 2023, 15:17:23 » |
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Or they’ve got a heap of old kit with the old logo on to flog off.
From the 80s? Well Jed did apparently discover a debt from the 50s. |
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tans
You spin me right round baby right round
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« Reply #7884 on: Thursday, November 9, 2023, 16:21:09 » |
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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.
Who? |
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ThreeDrawsMentality
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« Reply #7885 on: Thursday, November 9, 2023, 16:27:32 » |
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Who?
They've since deleted their post from the looks. |
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Audrey
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« Reply #7886 on: Thursday, November 9, 2023, 16:34:17 » |
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Someone else reckons Flynn’s contract extension was to keep him sweet until next season with a promise of more budget with a new owner!
I’ll believe this one!
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Ƭ̵̬̊: The Artist Formerly Known as CWIG
TOLD YOU SO
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« Reply #7887 on: Thursday, November 9, 2023, 17:36:23 » |
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Someone else reckons Flynn’s contract extension was to keep him sweet until next season with a promise of more budget with a new owner!
I’ll believe this one!
Yeah that one sounds pretty likely. Makes it sound like Clem is confident getting somewhere in the same stratosphere as his asking price though, which I'm doubtful of. |
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Audrey
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« Reply #7888 on: Thursday, November 9, 2023, 17:49:58 » |
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Pinched from another forum
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theakston2k
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« Reply #7889 on: Thursday, November 9, 2023, 18:04:04 » |
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Someone else reckons Flynn’s contract extension was to keep him sweet until next season with a promise of more budget with a new owner!
I’ll believe this one!
Would a new owner actually want Flynn, even with all the shit going on he isn’t exactly excelling and was sacked from a fellow L2 club last season for similar. Guess it’s just to secure any pay off. |
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