New beginnings - 25% Truth, 80% Bollocks

[Bob's Orange]

Ah hadn't read this, but had the exact same thought.

I'm not sure the club would communicate this to be honest. I would want them spending all their time sussing the new buyers out if it was the case.

Yeah totally. It does leave the Trust in a bit of a tricky spot, but they would be absolutely right to make no comment if this was indeed the case.

[Bennett]

I can't see that the Trust getting access and reviewing the books would make that much of a difference...Surely any (non Clem) buyer would have their own accountants, would presumably find the same issues (hidden debentures etc)?

[Bennett]

Or maybe it's that any potential new buyer doesn't want the relationship or harsh rigour the STFC trust are known for, looking over the books?

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

Or maybe it's that any potential new buyer doesn't want the relationship or harsh rigour the STFC trust are known for, looking over the books?

Well very clearly no buyers before has ever wanted true transparency as the trust have never seen the books before. Captain hindsight I realise but probably should have been a condition of the JV.

I'd be surprised any potential buyer wants the fans knowing what a gravy train the club has been for the mob of Jed, Power, Clem, Hart, Keily, Zav, Parladorio, Tom, Dick and Harry over the last decade as sadly (and sceptically) I'd imagine a few buyers will want that gravy train to continue.

[Mooneyraker]

You’ve got to wonder if when a rogue ownership sells a club a condition of the sale is that fans aren’t told how much money has been siphoned off under their tenure by the new owner. A sort of NDA type arrangement.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

You’ve got to wonder if when a rogue ownership sells a club a condition of the sale is that fans aren’t told how much money has been siphoned off under their tenure by the new owner. A sort of NDA type arrangement.

Yeah would say standard practice to agree to not talk about previous owners.

[RobertT]

Our most recent transfer of ownership was preceded by the "loss" of most documents (as confirmed by the Standing court case).  The fact it seemingly blindsided Clem would also suggest a degree of incompetence on his behalf in a) doing any due diligence, but more importantly b) the fact he was an non-exec Director for several years.  If you are not going to provide any oversight having invested 1.15m into a business, what hope is there.  The entire gang, previous and present, seem to be a nod is as good as a wink type crew, best keep everything verbal an not written down, which is never a good sign.

[Audrey]

So what’s the preferred outcome of the Power/Standing case?

Presuming it’d be Power winning (spits).

[RobertT]

So what’s the preferred outcome of the Power/Standing case?

Presuming it’d be Power winning (spits).

For the football club, yes.  It shouldn't impact the club ownership in any way and it would provide a degree of evidence to reject a claim of Standing having any sort of controlling interest in a football club.

[Mooneyraker]

So what’s the preferred outcome of the Power/Standing case?

Presuming it’d be Power winning (spits).

Seemingly tidier to the layperson you'd think...

[joeydubya]

You’ve got to wonder if when a rogue ownership sells a club a condition of the sale is that fans aren’t told how much money has been siphoned off under their tenure by the new owner. A sort of NDA type arrangement.

Of course not. Some people seem to think Lee Power was hellbent on destroying this club from the off, but it's more likely he wanted to cash in and sell up to some schmuck. Turning the lights off and not paying people was likely just a bitter dispute between him and Clem. Who knows how many times LP could have sold up, we've learnt allegations pointing to top flight players, agents, oligarchs and god knows who else putting money in...

We published accounts for 21/22 that were the bare minimum. Why it seems to be a challenge to even do that again should ring alarm bells. I'd expect the 'administrative costs' and subsequent losses are difficult to square.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

Back on the subject of the obvious impending failing concerts. I don't know how many people Guildhall Square in Southampton holds but I keep getting ads for their "Summer sessions".

Headliners for each: Tom Jones, Madness, Nile Rogers and Chic and The Kaiser Chiefs.

The sort of acts that would make this obviously viable. I was expecting somewhere in between that and what we got.

[Saxondale]

This is exactly the point.  There is a new circuit emerging.  Bands are doing tours of town squares, castles, amusement parks.  Summer series, summer sounds, summer sessions everywhere. 

One of the companies I work for have emailed me asking me to commit to some shows next summer as they have 180 shows next summer.  Between Cardiff castle, Halifax piece hall, Margate dreamland, some park in Bedford, Scarborough open air theatre, somewhere in Plymouth, Lytham, Lincoln, Derby and a bunch of others.  All with decent bands.  Last year I did Paul Heaton, Sting, Hollywood Vampires and Rag n Bone man for them in Scarborough.

The bands are there, the promoters are there looking for places.  Sadly we chose to go another way that I dont think will neccesarily be a success.  I hope Im proved wrong.   

[tans]

You doing the Suede gig at Margate?

[Legends-Lounge]

This is exactly the point.  There is a new circuit emerging.  Bands are doing tours of town squares, castles, amusement parks.  Summer series, summer sounds, summer sessions everywhere. 

One of the companies I work for have emailed me asking me to commit to some shows next summer as they have 180 shows next summer.  Between Cardiff castle, Halifax piece hall, Margate dreamland, some park in Bedford, Scarborough open air theatre, somewhere in Plymouth, Lytham, Lincoln, Derby and a bunch of others.  All with decent bands.  Last year I did Paul Heaton, Sting, Hollywood Vampires and Rag n Bone man for them in Scarborough.

The bands are there, the promoters are there looking for places.  Sadly we chose to go another way that I dont think will neccesarily be a success.  I hope Im proved wrong.   

Company I work for, one of the women is married to Stings brother…