New beginnings - 25% Truth, 80% Bollocks

[DV]

I'm purely playing Devil's advocate here, but does Clem get his asking price as a L1 club? Maybe he does know when to 'hold em' hence the seeming increase in player budget this season?

I doubt it.

At the end of the day L1 or L2 - the club is a loss making business. I can’t see promotion to L1 significantly increasing our income to the point that we suddenly became a viable business.

If Clem isn’t budging on his asking price - then he isn’t selling.

[4D]

I wonder how far we are from the tipping point?

[Andyred83]

This high asking price will be down to various different issues and situations with regards the “shareholding and ownership”

I understand that is very common that when selling a club, a lot of the owners either sell at a reduced rate but fully recover all loans within the business they have lent over the years (Tax free, no capital gains tax) or have a higher asking price and write off any loans within the business (Normally owners who are overseas and don’t pay UK tax or try not too).

The problem with us is we have a strange setup. The wives will want the highest asking price as this will give them a better return on investment (The Shares they have). Clem might want this also with being from Oz and his own personal tax situation.
I don’t below that all the monies loaned to the club within the accounts are from Clem (You can work out that within the last set of accounts (It’s not the wives as they transferred their money to shares) so these other people will not want the loans writing off.

So Clem needs to try and get greater value (more than its worth) for the club to cover these loans that are likely to be written off and that Clem will have to pay out of his own money (from the sale of his shares or certain individuals won’t be very happy. Also, these individuals will want a return on their loans further driving the price up.

[Audrey]

It seems obvious that how ever many people have a financial interest in the club, their ‘investments’ amount to more than the club is actually worth - hence the high asking price.

Is the Standing situation sorted or remains hidddn?

[TheSwindonianManSTFC]

It seems obvious that how ever many people have a financial interest in the club, their ‘investments’ amount to more than the club is actually worth - hence the high asking price.

Is the Standing situation sorted or remains hidddn?

Every time we start to think the Standing issue has been resolved, another detail seems to come out and it rears its head once more. It’s been rumbling on for years now at least 5/6 years since I first heard of it

[Batch]

So Clem needs to try and get greater value (more than its worth) for the club to cover these loans

All the time the debts are increasing. This isn't unique in the EFL of course. Not sure I understand how he (they) get out of this - are they really going to find such a buyer?

Not an issue if his pockets are deep enough to keep it as paper debt of course. I can't see how they are, in which case it'll come to a head. Hope I'm wrong.

[Batch]

Every time we start to think the Standing issue has been resolved, another detail seems to come out and it rears its head once more. It’s been rumbling on for years now at least 5/6 years since I first heard of it

This is Standing V Power, right? I'll be honest - I've no idea what the state of this is. Still awaiting court AFAIK?

Then there is the Clem Aussie case. Which has gone quiet too. Is that now over and he's in the clear?

[theakston2k]

It seems obvious that how ever many people have a financial interest in the club, their ‘investments’ amount to more than the club is actually worth - hence the high asking price.

Is the Standing situation sorted or remains hidddn?

The fundamental question that remains is who are these people that have put money in and now have a financial interest and why? I still don’t understand why any legitimate businessman would hide the fact they are investing in the club and do it via loans to Morfuni. Where the money comes from is being hidden for a reason and that’s not usually a good sign.

No matter how well we do on the pitch you just can’t escape that the nagging doubts that the club could financially implode at any given moment.

[Andyred83]

The fundamental question that remains is who are these people that have put money in and now have a financial interest and why? I still don’t understand why any legitimate businessman would hide the fact they are investing in the club and do it via loans to Morfuni. Where the money comes from is being hidden for a reason and that’s not usually a good sign.

No matter how well we do on the pitch you just can’t escape that the nagging doubts that the club could financially implode at any given moment.

All these people that have a hidden interest in the club or that have loaned the club money (Aside from the Wives who appear on the face of it to be normal and would/have passed the EFL owners and Directors tests) are not normally business people, the money isn't derived from normal business activities or they aren't allowed to invest in a football club (Standing)

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

The only thing I can think of is that the jump to the Championship,  where the money gets a little more 'real' is smaller. I've absolutely no idea in reality, just putting it out there.

Similarly buying a league two club, if you don't get it right pretty fucking quickly and have one disasterous season then you've just bought a non league club.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

All these people that have a hidden interest in the club or that have loaned the club money (Aside from the Wives who appear on the face of it to be normal and would/have passed the EFL owners and Directors tests) are not normally business people, the money isn't derived from normal business activities or they aren't allowed to invest in a football club (Standing)

Would Standing be allowed now he is no longer an agent (officially) or has his slap on the wrist meant he isn't able to?

Then its Kiley and the wives who are ok and the rest are criminals.

[theakston2k]

All these people that have a hidden interest in the club or that have loaned the club money (Aside from the Wives who appear on the face of it to be normal and would/have passed the EFL owners and Directors tests) are not normally business people, the money isn't derived from normal business activities or they aren't allowed to invest in a football club (Standing)

That’s exactly my point, their ‘investment’ and cash is hidden for a reason and it’s unlikely to be a good one. It just leaves the constant threat of some kind of implosion hanging over us. They haven’t put the money in out of the goodness of their hearts….

[Andyred83]

Would Standing be allowed now he is no longer an agent (officially) or has his slap on the wrist meant he isn't able to?

Then its Kiley and the wives who are ok and the rest are criminals.

I think that because Standing admitted some of the FA charges if i remember right, then his card is marked and that he would have no chance.

With regards the rest, i think we can all draw our on conclusions as to why they are hidden.

Because of this we will never be sold, unless ALL parties sit around a table and agree what each want and they are all happy. If we end up with certain people not willing fund they club and others not prepared to invest because the others aren't, then we will have a issue and the likes of administration becomes a huge worry. We know that the club can't fund itself so others have too.  

[horlock07]

Because of this we will never be sold, unless ALL parties sit around a table and agree what each want and they are all happy.

I suspect they have all broadly decided what they want, hence a club with the square root of fuck all in actual assets being valued at some ridiculous figure that no one in their right mind is gonna pay...

Hence new owners are limited to shysters or dreamers....

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

yeah and hence the unrealistic asking price, i expect.