Next Advisory Board

[Legends-Lounge]

One thing I have learned. Never, ever use a men’s urinal wearing flip flops.

Or bare feet. Actually with just socks on trumps all others options.

[Bob's Orange]

December minutes up on the official site

https://www.swindontownfc.co.uk/news/2021/december/december-advisory-board-update/

[JoeMezz]

December minutes up on the official site

https://www.swindontownfc.co.uk/news/2021/december/december-advisory-board-update/

I still haven't got used to the transparency.. it is so refreshing

[Bob's Orange]

Some points of interest (to me anyway)

* In respect of disputes with McGeal, Gilmartin and Jewell EP noted that in respect of McGreal mediation was due in the upcoming weeks and the Club will look for a sensible
settlement but noting the suspicious nature of the generous settlement provided by the previous regime. ZA noted that McGreal was now employed by Ipswich and whether
this happened outside of his notice period, given the time elapsed we think that it has but this will be checked. Action RA to check McGreal’s notice period.

Clearly this was a ruse by the previous owners to get a decent payoff to McGreal, and presumably some of that will make it's way into LP's grubby little mitts.

* EP noted that the Club had received charges from the FA with regard to the funding of the Club under the previous ownership. The Club is being defended by Pinsent Masons
and are defending via mitigation given the charges happened under the previous ownership and Clem had no knowledge of the alleged funding arrangements. The Club is
hoping that any punishment is minimal but it is hard to predict the outcome. The Club’s defence will be submitted before Christmas, no date yet for the hearing but expect
sometime in the New Year.

Don't recall hearing about this unless i'm mistaken? Anyone wise to this?

* EP noted that compensation claimed for the Scott Twine move to MK is subject to Tribunal later in December. The Club is being represented by Brabners LLP and the Club has
submitted a strong position to the Tribunal but this is strongly disputed by MK. The Club will put is best case forward supported by Brabners (another strong legal team with
good sports experience) and hopes for a favourable and fair outcome.

So our valuations are miles apart - qu'elle surprise.

[Batch]

Very refreshing.

This was also interesting

EP then provided a legal update noting that the Club had received a winding up petition from Able (AC Sports Wiltshire LLP) in respect of a disputed loan of £100k. The loan actually came to the Club via a firm called Consulting Logistics (Keith Cousins is a director and is someone who has been a director on previous businesses that have been liquidated to which the previous owner was also a party). This relationship has not been explained nor has the fact that this has previously been referred to as a ‘non-refundable deposit’. Due to the suspicious nature behind this loan the Club will continue to fight this action in the Courts. The action taken may impact the ability for the Club to make payments but plans are in place to ensure contingency arrangements are available.

as was

Action – RA and SM to work together on a plan for dealing with refunds – ongoing with aim to resolve by January 2022. Refund options paper drafted and shared. Latest view is that CM and RA will call each of the c140 to try and resolve by January 2022

[Nemo]

Club's legal counsel are earning their corn, aren't they?

[tans]

Keith Cousins of Rushden and Diamonds fame

[Bob's Orange]

Keith Cousins of Rushden and Diamonds fame

Whatever happened to Rubbish and Dustbins FC? Wasn't LP involved with them at some stage historically?

[tans]

Yep

[horlock07]

Keith Cousins of Rushden and Diamonds fame

And Cre8 publishing, he is a long standing Power acquaintance

Reading the minutes it would be nice if we were not spending what appears to be a sodding fortune on legals permanently

[Bob's Orange]

And Cre8 publishing, he is a long standing Power acquaintance

Reading the minutes it would be nice if we were not spending what appears to be a sodding fortune on legals permanently

Agreed. The positive news is that it won't be forever (famous last words) but unfortunately needs must. This time next year the club will be millionaires!

[ron dodgers]

Eddie Parladorio - wasn't he a director of the company that acquired BHS, before it totally collapsed?

[Batch]

The was an Eddie Parladorio involved in the, yes. same one? presume so

[Peter Venkman]

https://truststfc.tv/trust-hero-awards/

[Legends-Lounge]

And Cre8 publishing, he is a long standing Power acquaintance

Reading the minutes it would be nice if we were not spending what appears to be a sodding fortune on legals permanently

Sounds like it, however, where actions are successful isn’t it usual to claim ones legal expenses against to other party?