Town for sale

This live event has finished

Latest

  • A number of buyers interested in purchasing the club
  • Administration possible for Town
  • Professionals who 'know football' being brought in to help the club

7:04pm

That is it for our live coverage of today's events.

Remember to pick up your copy of the Adver tomorrow for the latest on Town's financial situation, or log on to www.swindonadvertiser.co.uk.

7:03pm

Di Canio has told his players to focus on their football and help make the club as attractive as possible to any potential buyer.

The Wiltshire Gazette and Herald: Town boss Paolo Di Canio prays for inspiration

PAOLO DI CANIO

“I have to be clear, the most natural way to tell them the situation because there were rumours is to say to them ‘get the results’.

“It didn’t happen something incredible wrong, all that happened is the club is up for sale which can be fantastic because if we carry on with not some ambition to what we expected since the beginning then it’s better the club is for sale.

“If someone comes and gets it then the future will be more than green, because I presume a group that wants to take the club is a group of people who has ambition to reach the Championship.”

6:42pm

Swindon manager Paolo Di Canio is determined to stay strong whatever happens in the next few days.

The Wiltshire Gazette and Herald: Town boss Paolo Di Canio

PAOLO DI CANIO

“If someone decides to bring someone maybe to sell players we will see, and from my point of view we respect everything, we deliver everything and we are still in the budget but unfortunately I can’t spend the amount of money I still have in my budget for a personal decision.

“When I came here I was sure about the word I received and the contract and the plan, and if someone changes their opinion in life it can happen. For me it is a good experience even though I am not completely happy now, because it is a shame to not go through with the plan because it is something special in football.

“In a bad moment I discovered thanks to my dad and my mum that I have become even determined and strong, and I want to do even more, even something that doesn’t belong to me to do like recruit or speak with groups.

“For me what counts in life is the word I give to the people, and my word counts more than 100,000 contracts. Even if it stops for a bit my ambition to be a Premier League manager, because it is clear I want to be one day. In my life I want to live with honesty and loyalty."

6:28pm

Di Canio has also once again stated his commitment to the cause.

The Wiltshire Gazette and Herald: Tough task master Paolo Di Canio

PAOLO DI CANIO

“I think we can escape from this situation, I don’t want to even think about it, but it is obvious I am a committed guy but also when you under administration you know there are a few things that can happen.

"New people can come in, but I only want to focus attention on the next game. I have all the details and I watched already clips of Shrewsbury because what interests me is to win the next game.

“If someone comes and wants to take this club, if we get more results it can give more appetite to people to come in here. They might think ‘19 games to go, why not take this chance. My interest is to give the best chance to my players and the best strategy, and be ready for the Shrewsbury game because it is a big opportunity to get to the top.

“They don’t have to spend hours thinking about what can happen because it’s clear now I want to see even more commitment. They are safe, their contract is safe, and in this moment even if you think this is the case we can prove what kind of professional we are.

“In this moment I will work double for the cause to get the result, I don’t have any doubt about them because before today they proved that even if there wasn’t a stable situation they behave in a fantastic way.

“We have to make sure we get the maximum results and get three points to stay close to the top.”

6:05pm

Contrary to what Sir William Patey said this morning, Paolo Di Canio insisted he didn't know everything going on behind the scenes at the County Ground.

The Wiltshire Gazette and Herald: Paolo Di Canio

PAOLO DI CANIO

“People can change opinions, but in the moment it is incredible in my opinion and there is nothing wrong. It is strange someone decide in this moment, because I have to be clear I heard the interview the chairman made.

"Absolutely it is not true that I knew there were financial problems, because it is different to say the owner doesn’t want to invest any more money because the budget is enough, then say there is financial problems, it is completely different.

“In October last time I met the chairman, Andrew Black, Russell (Backhouse) and Phil (Spencer) at the Heathrow Airport hotel, someone said to me we don’t have any problems. We had to carry on with the plan and there was no problems, and at this moment we were ninth in the table and after a few months we delivered much more than what we expected in results.

"We are fifth with the best defensive record and the best attacking record, we did much more than what was expected, so what changed?

“Talking about financial problems, not one person came and said to me ‘Paolo we have financial problems’ and I have to be clear because someone can be silly, we are completely in the budget. I still have money to spend but I can’t otherwise we risk going under embargo.

“What we have got is much better, so it is a personal decision.”

5:58pm

Trust STFC chairman John Ward has said Town fans should "spend a lifetime" building a shareholding in the club.

He hopes recent events will spark supporters into action.

He told the Advertiser: “We have got to begin to try to change the situation with the position on ownership, even if of course it’s going to be a long haul.

"Supporters are in for the long haul, it’s only rich people who have got the money to put into football clubs in large quantities who are maybe here today and gone tomorrow.

“As supporters we are here a lifetime, therefore let’s spend a lifetime building up a shareholding in the club and start now instead of blaming somebody else, sitting back and saying it’s all too difficult. Let’s get stuck in.

5:37pm

If the club is sold, Di Canio believes any new buy would certainly be getting value for money.

The Wiltshire Gazette and Herald: Paolo Di Canio celebrates Town's winner last Saturday

PAOLO DI CANIO

“Phil (Spencer) is working hard because he believes 100 per cent the product, and the Swindon product is the something special. The best team in 2012 in the Football League, all the clubs, and third team in all England leagues only behind Manchester City and Manchester United, for results and the level we achieved. If we include the last three games maybe even the top because 10 goals scored, one goal conceded and seven points.

“We are fifth in the table with games in hand, and with a team of talented players with a fantastic ethic and professionalism, but we can do more.

“My product speaks for us and the players, and it is clear we have a fantastic product and the future will be more than green if we can have a healthy situation. The problem in this moment is not even normal.

“We still keep going and send more than positive messages around this country, and Phil is working very well in the last few days because there is a very strong interest in this club.

5:36pm

YOUR SAY

Please keep getting in touch with your comments and tweets by writing in the box below, or by using #stfcadver on twitter.

5:33pm

Di Canio also revealed he has spent time trying to bring new investment to the club.

The Wiltshire Gazette and Herald: Town boss Paolo Di Canio

PAOLO DI CANIO

“If there were some doubts in the past of what sort of people work for this club, Phil Spencer and Paolo Di Canio, but even if it doesn’t belong to us we search for investors.

"There are people who really care about the cause because if we stay sitting like this and something goes wrong we have protection. Just because we feel completely involved in the project we will do what we can do, Phil more than me because he lives in business.

“That means inside these people there is an inner motivation, and we have to keep going because it would be amazing to make something special for this club, not only in results but also do something which can help the people who suffer allot.

"Already in the past this club suffer a lot, and it is a shame and not fair.

“There wasn’t any worry in the last few weeks thinking about the owner, so we will work and focus to my team because the results we have done we want to keep going, and wait to see if we can bring investors and give a good future to this club."

5:22pm

More from Nick Watkins' interview with the Advertiser from earlier today, now...

“This club is not contemplating administration, this club does not want administration, this club will do whatever it can to avoid administration," he said.

"In the final analysis, if we can’t find another buyer and if Andrew Black draws stumps and takes his bat and ball away and we are left in an invidious situation then of course we have to count that in as an option."

5:12pm

Town chief executive Nick Watkins tells the Advertiser: "We are in dialogue with at least four consortiums, all of whom are expressing a keen interest in the possibility (or buying the club)."

4:55pm

Paolo Di Canio wants the situation sorted as soon as possible, abd believes the current situation isn't fair on the club's fans.

The Wiltshire Gazette and Herald: Paolo Di Canio struggles to contain his frustration last night

PAOLO DI CANIO

“It is not fair for the fans that they follow us every weekend at home and away, and the people who bought season tickets, that someone has decided now to not carry on," he said.

“They should go out and be honest and tell the truth, maybe not the reason exactly, but it is not fair to arrive at the point where the club could be in trouble.

"A few weeks ago there was a chance for investors to come in and help, maybe with more chance to view in front he positive because we are in a interesting positon. We are in the transfer window, and we hope we can do something special between now and the end of the season.”

4:41pm

Town manager Paolo Di Canio has spoken to the media this afternoon, and has given his thoughts on the clubs off-field situation.

The Wiltshire Gazette and Herald: Paolo Di Canio celebrates last night

PAOLO DI CANIO

“In the last few days I knew there were a few interesting meetings, and I knew people were working very hard to find a new investors, and I can tell only the news I have is very positive," he said.

"It is not done, but they are working. I discovered it all in the last two weeks and I really hope someone out there can invest because it would be a shame not to do this because of what we have done, the players, the squad and the staff.

“It is a shame because I could imagine only a few weeks ago that Andrew Black was ready to sell this club, but maybe we couldn’t completely go through this plan for the next three years because we don’t receive any information or help.

“That lets you think there is something strange, but there is not the same ambition at this club that was presented in front of me one year and a half ago.

“I want to think really positive because especially in a tough moment I want to send a positve and realistic message.

“I hope it can be quick because if it is not we can maybe have a problem, this is what I have heard.

4:11pm

Town striker James Collins spoke to the media this afternoon ahead of Saturday's game against his former club Shrewsbury, and the forward believes the players will do their best to ignore all talk of the club's financial position.

The Wiltshire Gazette and Herald: James Collins

JAMES COLLINS

“I don’t know too much about it to be honest, but I am sure the players will knock it to one side and just get on with it, because we know if we keep playing the way we have been playing we will be in the Championship next year," he said.
 

“The off the field stuff will take care of itself.”

3:10pm

 
Plenty of reasons to be positive!

3:01pm

2:52pm

2:41pm Thu 17 Jan 13

dreamofacleansheet2 says

Ps J Wray and Paolo buy the club together...... Problem solved....

2:46pm

 
Everything that has happened at the club since PDC has been here surely makes it an attractive proposition to investors.

2:08pm

 

2:08pm

1:59pm

1:42pm

Very interested to hear what PDC says in his press conference. Have a feeling he might put a positive spin on things. We await the return of Sam Morshead to tell us more.

1:27pm

Do keep those views coming in on the comments section below and also on Twitter using #stfcadver. We will get as many of them into this live blog as possible to make sure your voice is heard.

1:19pm

1:10pm

 
See www.swindonadvertiser.co.uk and tomorrow's Adver for Paolo's thoughts on the situation.

12:52pm

The Talksport Drive show, presented by Adrian Durham and Darren Gough, have waded into the debate surrounding Town this morning, and are completely wide of the mark.

This is not like other administrations where local businesses and creditors are owed money, only to shareholders and the club's owners.

 

Can anyone put themselves into administration to wipe out their debts? Sounds like a great plan #stfc #cheats

@talkSPORTDrive

 

 

If smaller businesses go bust because Swindon didn't pay them money owed, thats a disgrace. #stfc #cheats

@talkSPORTDrive

12:42pm

12:33pm

 
Or any consortium involving Peter Ridsdale?

12:28pm

 

12:18pm

Former Town striker Jan Åge Fjørtoft has had his say on twitter.

The Wiltshire Gazette and Herald: Jan Aage Fjortoft

JAN AGE FJORTOFT

He tweeted: "Sad to hear that Swindon Town may be forced in to administration."

12:02pm

There's a pre-match press conference scheduled with Paolo Di Canio just before 1pm this afternoon. We'll see what he has to say on the matter then.

12:01pm

YOUR SAY

12:01pm

YOUR SAY
We're trying to figure that out ourselves.

11:49am

YOUR SAY

11:46am Thu 17 Jan 13

MarksDad says

Having listened to the interview with SWP I fail to see where he says we are going into administration, he clearly states that quote 'people are getting ahead of themselves' when responding to a point put to him by the reporter.
Undoubtably there are things going on in the background but I think this is the usual sensationalism we get from our local reporters.

At no point has it been reported that Swindon Town are going into administration. It has been suggested that administration is the worst case scenario. As it is, Andrew Black wants to sell the majority of his shareholding in the club and Town are talking to prospective buyers.

11:39am

Peterborough chairman Darragh MacAnthony has been on Twitter to have his say on the news which broke this morning.

This is what he had to say: "If Sky are right on those rumours of Swindon going into Admin, I wouldn't want to be person to have to tell that to Di Canio.Wow..

The Wiltshire Gazette and Herald: Darragh MacAnthony

DARRAGH MACANTHONY

"Anyhow I dont buy into those Swindon rumours as club in great position in league for promotion plus have very wealthy owner..no sense.."

11:32am

YOUR SAY

11:14am Thu 17 Jan 13

Oxon-Red says

Can someone explain why putting the club into administration would attract new buyers.

It seems that the club has no creditors except the owners who now appear to want something back for what they have bought.

Not sure I see the logic of the admin threat.

COYMR

It seems as though administration would be a last resort, should a buyer not be able to be found within the necessary timeframe. As far as we understand it, there would be minimal benefit to Mr Black and of course none to the club.

11:31am

YOUR SAY

11:09am Thu 17 Jan 13

Oi Den! says

If Black wants to get out, presumably because he sees no end to funding the club's operations, I wonder who else is going to want to get involved and end up doing the same?

We understand there are positive discussions going on with interested parties.

11:12am

YOUR SAY
That's a tad unfair. Black's money saved the club and moved it to where it is now.

11:09am

It is understood that Town's chief executive, Nick Watkins, had a series of meetings with potential news investors on Tuesday.

11:01am

YOUR SAY

What's your take on the situation? Is it a fuss over nothing or should we be concerned?

Let us know what you think by commenting below, using the hashtag #stfcadver on Twitter or emailing sport@swindonadvertiser.co.uk.

10:55am

Trust STFC chairman John Ward, who only recently mentioned the need to look beyond the Andrew Black years, has called for calm and reasoned judgement given today's news.

He told the Advertiser: "We should not run around liek headless chickens. Nothing has happened yet and what it seems to me, as an observer, is it is not as if a bank is about to foreclose on our debts.

The Wiltshire Gazette and Herald: Andrew Black who says Town will have to earn success

ANDREW BLACK

"It just seems to be Andrew Black appearing to say 'look, honestly I've had enough'. It's disappointing but it's not about looking at what is done, the question is what can we do now.

"In the short term I think we have to stabilise, the club has to make clear the situation so the players can get on with their preparations for the games they have to play."

10:44am

YOUR SAY

10:39am Thu 17 Jan 13

the wizard says

Very strange how The Adver cannot get hold of Patey and yet the Beeb spoke to him this morning no problem, depends how much you want something as to whether you get it or not.

I think this has been brewing for a while and probably the "embargo" situation just brought things to a head quicker than it would have done.

The positives are we have a good squad and even if we do get a ten point deduction with the players we have we could still make the play-offs.

I can assure you that we have been after comment for a number of weeks, not necessarily about this issue, without success.

10:42am

Paolo Di Canio has been trying to "auto-finance" his squad for several weeks as he bids to keep Swindon Town in contention for promotion.

That would mean selling fringe players, such as Paul Benson, Luke Rooney and Lee Cox, who have been deemed surplus to requirements at the County Ground.

The Wiltshire Gazette and Herald: Paul Benson The Wiltshire Gazette and Herald: BREAKTHROUGH: Luke Rooney celebrates his opening goal against Crawley The Wiltshire Gazette and Herald: Lee Cox won league titles with the Leicester youth team and Inverness

PAUL BENSON, LUKE ROONEY & LEE COX

However, that is proving harder than anticipated. Benson has turned down an offer from Bradford and this morning Cheltenham manager Marc Yates is reported to have stated that he would not be signing the striker, despite significant interest.

Meanwhile, it is understood that neither Rooney nor Cox have recieved firm offers for their services. Cox's mooted return to Oxford was abandoned after Town and the U's failed to agree the percentage of his wages that they would pay.

10:37am

YOUR SAY

10:35am Thu 17 Jan 13

Scottish Dave says

Get in touch with David Beckham. This could be right up his street. He is not short of a bob or two and his name alone would attract extra investment. He would also do it for football the game he loves.

A bit of a long-shot, but you never know...

10:29am

The Advertiser has learnt that there are several interested potential new investors in Swindon Town, including individuals with property development experience and a history within football.

The Town board will meet at the end of the week to discuss the possible financial restructuring of the club.

News of Swindon Town considering administration broke this morning, read the story here.

10:22am

YOUR SAY
See below, according to former chairman Jeremy Wray the answer to that question is no.

10:19am

Former Swindon Town chairman Jeremy Wray has been speaking to the Adver this morning, emphasising that any money owed is only owed to the clubs owners.

The Wiltshire Gazette and Herald: JETTING OUT: Jeremy Wray

JEREMY WRAY

He said: "The club doesn't owe a penny, doesn't have an overdraft, doesn't owe the taxman - any debt is only to its shareholders and to its owners and as a result everything that's out in the open now is what's been known for a long time.

"That is that Andrew Black is looking for a change in ownership of the club."

10:10am

Swindon Town press officer Chris Tanner relays the mood at the club this morning.

10:08am

The Advertiser is waiting to speak personally to Sir William Patey. We have been trying to reach the Swindon Town chairman for several weeks without success.

10:07am

Speaking earlier this morning, Swindon Town chairman Sir William Patey stressed that selling the club remains the priority, without ruling out the possibility of administration.

He said: “Andrew Black has made it clear he is looking for new investors and new owners, and that has gathered a great deal of interest by trying to do that and we have had positive discussions and we are encouraged by the detail," he said.

The Wiltshire Gazette and Herald: New Town chairman Sir William Patey

SIR WILLIAM PATEY

“It is much better to sell the club in its current state where it’s gunning for promotion with a good squad of players, and we want to attract new owners by showing off Swindon to be a club with potential.

“We are going to bring in some professionals who know football, because buyers want to go through details like financial forecasting which clubs don’t keep on a day to day basis and it will enable us to go through due diligence.

“There is no 10 point penalty (which could be applied if Town did go into administration) if we sell the club, so people are getting a little ahead of themselves.”

9:58am

YOUR SAY

What's your take on the situation? Is it a fuss over nothing or should we be concerned?

Let us know what you think by commenting below, using the hashtag #stfcadver on Twitter or emailing sport@swindonadvertiser.co.uk.

9:53am

The situation as the Advertiser understands it is as follows:

Andrew Black, who holds around 95 per cent of the shareholding of the club, has been looking to sell up a large chunk of his shares for some considerable time.

It is believed that new buyers were sought in the summer, with no success, before Black committed to bankrolling the current campaign.

With significant overheads Swindon are one of the highest-spending clubs and the Robins have reported debts of £13million, but the money owed is to its owners and is not tied up in bank overdrafts.

Therefore, unlike on the two occasions that Town have previously entered administration, there is a distinct possibility that such extreme circumstances can be avoided.

9:44am

With the news breaking this morning of Swindon Town considering putting the club into administration, we'll keep you up to date with developments from the County Ground right here.

Administration is the very worst case scenario for Town, with majority shareholder Andrew Black keen to sell the majority of his stake in the club.

The desire to sell is news that has been in the public domain for some time, but revelations that the club could be financially restructured - with specialist accountants set to be brought in to help with the due diligence necessary in any potential takeover - is a further step.

News, views and opinion on the story at hand to follow right here.

Comments (114)

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9:50am Thu 17 Jan 13

oncearedalwaysared says...

Dear Jeremy Wray,

Perhaps you would like to contact Andrew Black and invite him to hand back his shares for nothing, exactly as he asked you and Andrew Fitton to do, and then please head a new consortium to come and save our beloved club.

We know you have a passion for our club that goes beyond the cold, hard money that has clearly been the one and only driving force behind Mr Black.

We do not underestimate his part in saving us but to do this at such a crucial time is beyond the realms of belief.

Since the arrival of Sir William all we have had is negativity and warnings from the Board. We need someone who understands us and our club. On that basis, there is no-one better qualified than you.

Swindon Town Football Club is a rising star with enormous potential. I'm sure, based on Mr Black's expectation of you in throwing away your original investment, that he should have no problem doing the same, leaving the new buyers with a clean sheet to carry on the incredible work that has been done in recent years.

Jeremy, be our saviour. There is a hero's welcome awaiting you at the County Ground.
Dear Jeremy Wray, Perhaps you would like to contact Andrew Black and invite him to hand back his shares for nothing, exactly as he asked you and Andrew Fitton to do, and then please head a new consortium to come and save our beloved club. We know you have a passion for our club that goes beyond the cold, hard money that has clearly been the one and only driving force behind Mr Black. We do not underestimate his part in saving us but to do this at such a crucial time is beyond the realms of belief. Since the arrival of Sir William all we have had is negativity and warnings from the Board. We need someone who understands us and our club. On that basis, there is no-one better qualified than you. Swindon Town Football Club is a rising star with enormous potential. I'm sure, based on Mr Black's expectation of you in throwing away your original investment, that he should have no problem doing the same, leaving the new buyers with a clean sheet to carry on the incredible work that has been done in recent years. Jeremy, be our saviour. There is a hero's welcome awaiting you at the County Ground. oncearedalwaysared

9:51am Thu 17 Jan 13

oncearedalwaysared says...

Dear Jeremy Wray,

Perhaps you would like to contact Andrew Black and invite him to hand back his shares for nothing, exactly as he asked you and Andrew Fitton to do, and then please head a new consortium to come and save our beloved club.

We know you have a passion for our club that goes beyond the cold, hard money that has clearly been the one and only driving force behind Mr Black.

We do not underestimate his part in saving us but to do this at such a crucial time is beyond the realms of belief.

Since the arrival of Sir William all we have had is negativity and warnings from the Board. We need someone who understands us and our club. On that basis, there is no-one better qualified than you.

Swindon Town Football Club is a rising star with enormous potential. I'm sure, based on Mr Black's expectation of you in throwing away your original investment, that he should have no problem doing the same, leaving the new buyers with a clean sheet to carry on the incredible work that has been done in recent years.

Jeremy, be our saviour. There is a hero's welcome awaiting you at the County Ground.
Dear Jeremy Wray, Perhaps you would like to contact Andrew Black and invite him to hand back his shares for nothing, exactly as he asked you and Andrew Fitton to do, and then please head a new consortium to come and save our beloved club. We know you have a passion for our club that goes beyond the cold, hard money that has clearly been the one and only driving force behind Mr Black. We do not underestimate his part in saving us but to do this at such a crucial time is beyond the realms of belief. Since the arrival of Sir William all we have had is negativity and warnings from the Board. We need someone who understands us and our club. On that basis, there is no-one better qualified than you. Swindon Town Football Club is a rising star with enormous potential. I'm sure, based on Mr Black's expectation of you in throwing away your original investment, that he should have no problem doing the same, leaving the new buyers with a clean sheet to carry on the incredible work that has been done in recent years. Jeremy, be our saviour. There is a hero's welcome awaiting you at the County Ground. oncearedalwaysared

9:55am Thu 17 Jan 13

stfclondon says...

Let the 'money men' do their job, and we'll do ours as fans. Let's turn up in numbers on Saturday to support the team and the manager. Whatever happens, we are the one constant in the rollercoaster life of the club. Whether we are watching them in the Championship or the Conference, we'll be there.

Plenty of people scoffed at the efforts of those behind the Di Canio/Red Army Fund recently, but this news demonstrates how important it is that the fans have a say in how the club is run. I would urge everyone to join the Trust and, if you can, donate something to the RAF. Hopefully when the club changes hands there will be an opportunity for some fan representation on the board.

Keep the faith.
Let the 'money men' do their job, and we'll do ours as fans. Let's turn up in numbers on Saturday to support the team and the manager. Whatever happens, we are the one constant in the rollercoaster life of the club. Whether we are watching them in the Championship or the Conference, we'll be there. Plenty of people scoffed at the efforts of those behind the Di Canio/Red Army Fund recently, but this news demonstrates how important it is that the fans have a say in how the club is run. I would urge everyone to join the Trust and, if you can, donate something to the RAF. Hopefully when the club changes hands there will be an opportunity for some fan representation on the board. Keep the faith. stfclondon

9:59am Thu 17 Jan 13

Ginge09 says...

Anybody else getting the Mountain out of a Mole Hill feeling?

Whilst I appreciated that there is no smoke without fire, nothing offcial has come from the club yet.

I noticed this morning that the Adver uploaded their stories as usual, and this possible administration story came up later - after a post on another article quoting the BBC Sport story.

A few words from Sir Negotiator wouldnt go amiss
Anybody else getting the Mountain out of a Mole Hill feeling? Whilst I appreciated that there is no smoke without fire, nothing offcial has come from the club yet. I noticed this morning that the Adver uploaded their stories as usual, and this possible administration story came up later - after a post on another article quoting the BBC Sport story. A few words from Sir Negotiator wouldnt go amiss Ginge09

10:01am Thu 17 Jan 13

mkeen61267 says...

What we need is investors who know they are not going to make any money but want to have the PRIVILEGE of having the stewardship of a real football club, with hard working honest fans.

Unless we start to get 10k plus every home game this club will never make any money and therefore we need owners with very deep pockets and no expectation of a return except the glory of silverware.

All those glory fans who turn up for Wembley, and big cup games need to come and support their team at least once a month, that would help.
What we need is investors who know they are not going to make any money but want to have the PRIVILEGE of having the stewardship of a real football club, with hard working honest fans. Unless we start to get 10k plus every home game this club will never make any money and therefore we need owners with very deep pockets and no expectation of a return except the glory of silverware. All those glory fans who turn up for Wembley, and big cup games need to come and support their team at least once a month, that would help. mkeen61267

10:02am Thu 17 Jan 13

ChrisWantageRed says...

stfclondon wrote:
Let the 'money men' do their job, and we'll do ours as fans. Let's turn up in numbers on Saturday to support the team and the manager. Whatever happens, we are the one constant in the rollercoaster life of the club. Whether we are watching them in the Championship or the Conference, we'll be there. Plenty of people scoffed at the efforts of those behind the Di Canio/Red Army Fund recently, but this news demonstrates how important it is that the fans have a say in how the club is run. I would urge everyone to join the Trust and, if you can, donate something to the RAF. Hopefully when the club changes hands there will be an opportunity for some fan representation on the board. Keep the faith.
Great post...

Saturday we need to pack the CG with scarves aloft, and make our voices heard!
[quote][p][bold]stfclondon[/bold] wrote: Let the 'money men' do their job, and we'll do ours as fans. Let's turn up in numbers on Saturday to support the team and the manager. Whatever happens, we are the one constant in the rollercoaster life of the club. Whether we are watching them in the Championship or the Conference, we'll be there. Plenty of people scoffed at the efforts of those behind the Di Canio/Red Army Fund recently, but this news demonstrates how important it is that the fans have a say in how the club is run. I would urge everyone to join the Trust and, if you can, donate something to the RAF. Hopefully when the club changes hands there will be an opportunity for some fan representation on the board. Keep the faith.[/p][/quote]Great post... Saturday we need to pack the CG with scarves aloft, and make our voices heard! ChrisWantageRed

10:04am Thu 17 Jan 13

Stilloyal says...

Ginge09 wrote:
Anybody else getting the Mountain out of a Mole Hill feeling? Whilst I appreciated that there is no smoke without fire, nothing offcial has come from the club yet. I noticed this morning that the Adver uploaded their stories as usual, and this possible administration story came up later - after a post on another article quoting the BBC Sport story. A few words from Sir Negotiator wouldnt go amiss
He spoke on the radio earlier and he was quite blase about it all , couldn't give a fukc attitude really .
He admitted he has no intrest in the club and his job is just to sell it.
[quote][p][bold]Ginge09[/bold] wrote: Anybody else getting the Mountain out of a Mole Hill feeling? Whilst I appreciated that there is no smoke without fire, nothing offcial has come from the club yet. I noticed this morning that the Adver uploaded their stories as usual, and this possible administration story came up later - after a post on another article quoting the BBC Sport story. A few words from Sir Negotiator wouldnt go amiss[/p][/quote]He spoke on the radio earlier and he was quite blase about it all , couldn't give a fukc attitude really . He admitted he has no intrest in the club and his job is just to sell it. Stilloyal

10:11am Thu 17 Jan 13

stfc_tom says...

Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is.

Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable.

I think I would prefer someone totally new to come into the club and start afresh.
Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh. stfc_tom

10:18am Thu 17 Jan 13

the don69 says...

stfc_tom wrote:
Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is.

Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable.

I think I would prefer someone totally new to come into the club and start afresh.
Spot on Tom,they've ran the club very,very poorly from the start!if they didn't want to subsidise the club,it should have been run,much more tightly,but these jokers were on an ego trip!now their bored and don't want their play-thing any more,it's costing too much,they don't give a toss for our club!!!!!!!
[quote][p][bold]stfc_tom[/bold] wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.[/p][/quote]Spot on Tom,they've ran the club very,very poorly from the start!if they didn't want to subsidise the club,it should have been run,much more tightly,but these jokers were on an ego trip!now their bored and don't want their play-thing any more,it's costing too much,they don't give a toss for our club!!!!!!! the don69

10:19am Thu 17 Jan 13

wiki27 says...

I don’t think Patey ever was a ‘football’ man and its always been consensus that he was bought in to find an investor. His view that investors are interested in successful clubs who are doing well – as in our case – and that administration may not happen is interesting to say the least. However, my worry is why would anyone invest in a place that is £13m in debt? Not unless there is a trafficking of shares under the premise of promotion, larger crowds (??) and more success. Good to hear that there are a number of potential suitors, giving us perhaps more options. Having dealt with Merger & Acquisitions, the key to a successful buy out or investment (or whatever you want to call it..) is options, the choice of being able to negotiate terms to suit all parties in successful conclusion.
>> Am beginning to ramble somewhat. Sorry, but I am a life long STFC supporter having been on their books as a very young lad. I guess I want to look on the brighter side of things. I can’t imagine the other side….
I don’t think Patey ever was a ‘football’ man and its always been consensus that he was bought in to find an investor. His view that investors are interested in successful clubs who are doing well – as in our case – and that administration may not happen is interesting to say the least. However, my worry is why would anyone invest in a place that is £13m in debt? Not unless there is a trafficking of shares under the premise of promotion, larger crowds (??) and more success. Good to hear that there are a number of potential suitors, giving us perhaps more options. Having dealt with Merger & Acquisitions, the key to a successful buy out or investment (or whatever you want to call it..) is options, the choice of being able to negotiate terms to suit all parties in successful conclusion. >> Am beginning to ramble somewhat. Sorry, but I am a life long STFC supporter having been on their books as a very young lad. I guess I want to look on the brighter side of things. I can’t imagine the other side…. wiki27

10:23am Thu 17 Jan 13

stfc4ever!! says...

stfc_tom wrote:
Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.
Agreed.

We all knew that there was a 5 year plan to get us to the Championship when Fitton and Co took over but we never knew what would happen after. What I've taken from this is that Black, Arbib etc have taken the club as far as they can and with our current strong league position, squad and Di Canio at the helm the time has never been better than to sell.

New investors, new owners, new chapter with sustainability in the Championship with future ambitions leading to the Premiership.
[quote][p][bold]stfc_tom[/bold] wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.[/p][/quote]Agreed. We all knew that there was a 5 year plan to get us to the Championship when Fitton and Co took over but we never knew what would happen after. What I've taken from this is that Black, Arbib etc have taken the club as far as they can and with our current strong league position, squad and Di Canio at the helm the time has never been better than to sell. New investors, new owners, new chapter with sustainability in the Championship with future ambitions leading to the Premiership. stfc4ever!!

10:23am Thu 17 Jan 13

swindonjason says...

I think the first thing to do will be to get to the County Ground early on Saturday morning in numbers and sweep up to 6 inches of snow we are expected to get off the pitch to get the game on.

Personally I think it will be a mommoth task to say the least

Then, in the unlikely event the game gets the go-ahead then raise our frustration about how this situation has got out of hand, but also not putting down the team on the pitch as they attempt to get us another 3 points.
I think the first thing to do will be to get to the County Ground early on Saturday morning in numbers and sweep up to 6 inches of snow we are expected to get off the pitch to get the game on. Personally I think it will be a mommoth task to say the least Then, in the unlikely event the game gets the go-ahead then raise our frustration about how this situation has got out of hand, but also not putting down the team on the pitch as they attempt to get us another 3 points. swindonjason

10:25am Thu 17 Jan 13

Stilloyal says...

stfc_tom wrote:
Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.
The club have been working within their playing budget and currently continues to do so. However to sustain the club on a weekly basis to cover ALL costs it needs a fan base of 9.5k.
The club is NOT in any debt but it cannot survive on gates of 8k .

I believe (know ) more could be done on the marketing side of the business. Of course the best way to attract fans is by good rersults and we are getting those. NOT enough is being done by way of promoting the club to attract new every day punters. We loyal 6- 8k have always borne the brunt when it comes to putting money into the club. More , much more needs to be done to attract new fans or customers . Come on you marketing people earn your money , the manager and players are !
[quote][p][bold]stfc_tom[/bold] wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.[/p][/quote]The club have been working within their playing budget and currently continues to do so. However to sustain the club on a weekly basis to cover ALL costs it needs a fan base of 9.5k. The club is NOT in any debt but it cannot survive on gates of 8k . I believe (know ) more could be done on the marketing side of the business. Of course the best way to attract fans is by good rersults and we are getting those. NOT enough is being done by way of promoting the club to attract new every day punters. We loyal 6- 8k have always borne the brunt when it comes to putting money into the club. More , much more needs to be done to attract new fans or customers . Come on you marketing people earn your money , the manager and players are ! Stilloyal

10:32am Thu 17 Jan 13

Oxon-Red says...

the don69 wrote:
stfc_tom wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.
Spot on Tom,they've ran the club very,very poorly from the start!if they didn't want to subsidise the club,it should have been run,much more tightly,but these jokers were on an ego trip!now their bored and don't want their play-thing any more,it's costing too much,they don't give a toss for our club!!!!!!!
Totally unfair comment. Mr Black has been very good to us and obviously feels in hard times that he has to economise himself.

If you or I had to save money I suspect the little luxuries in life would be sacrificed first.

Tom, not sure we can blame Wray too much for the embargo, the budget will have been set at the start of the season. He and Paolo will have worked to this figure. I do believe he made an error with the tribunal forecasts however which caused the overspend.

As for Wray going it is now clear to me that the only reason Patey was brought in was to sell up and sell up as quick as possible.

COYMR
[quote][p][bold]the don69[/bold] wrote: [quote][p][bold]stfc_tom[/bold] wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.[/p][/quote]Spot on Tom,they've ran the club very,very poorly from the start!if they didn't want to subsidise the club,it should have been run,much more tightly,but these jokers were on an ego trip!now their bored and don't want their play-thing any more,it's costing too much,they don't give a toss for our club!!!!!!![/p][/quote]Totally unfair comment. Mr Black has been very good to us and obviously feels in hard times that he has to economise himself. If you or I had to save money I suspect the little luxuries in life would be sacrificed first. Tom, not sure we can blame Wray too much for the embargo, the budget will have been set at the start of the season. He and Paolo will have worked to this figure. I do believe he made an error with the tribunal forecasts however which caused the overspend. As for Wray going it is now clear to me that the only reason Patey was brought in was to sell up and sell up as quick as possible. COYMR Oxon-Red

10:32am Thu 17 Jan 13

The Jockster says...

There could be trouble ahead!
There could be trouble ahead! The Jockster

10:35am Thu 17 Jan 13

Scottish Dave says...

Get in touch with David Beckham. This could be right up his street. He is not short of a bob or two and his name alone would attract extra investment. He would also do it for football the game he loves.
Get in touch with David Beckham. This could be right up his street. He is not short of a bob or two and his name alone would attract extra investment. He would also do it for football the game he loves. Scottish Dave

10:39am Thu 17 Jan 13

the wizard says...

Very strange how The Adver cannot get hold of Patey and yet the Beeb spoke to him this morning no problem, depends how much you want something as to whether you get it or not.

I think this has been brewing for a while and probably the "embargo" situation just brought things to a head quicker than it would have done.

The positives are we have a good squad and even if we do get a ten point deduction with the players we have we could still make the play-offs.
Very strange how The Adver cannot get hold of Patey and yet the Beeb spoke to him this morning no problem, depends how much you want something as to whether you get it or not. I think this has been brewing for a while and probably the "embargo" situation just brought things to a head quicker than it would have done. The positives are we have a good squad and even if we do get a ten point deduction with the players we have we could still make the play-offs. the wizard

10:41am Thu 17 Jan 13

Stilloyal says...

Scottish Dave wrote:
Get in touch with David Beckham. This could be right up his street. He is not short of a bob or two and his name alone would attract extra investment. He would also do it for football the game he loves.
Yea even if it means having Posh singing , "He's Golden Balls and he does what he want's "
[quote][p][bold]Scottish Dave[/bold] wrote: Get in touch with David Beckham. This could be right up his street. He is not short of a bob or two and his name alone would attract extra investment. He would also do it for football the game he loves.[/p][/quote]Yea even if it means having Posh singing , "He's Golden Balls and he does what he want's " Stilloyal

10:43am Thu 17 Jan 13

Stilloyal says...

Oxon-Red wrote:
the don69 wrote:
stfc_tom wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.
Spot on Tom,they've ran the club very,very poorly from the start!if they didn't want to subsidise the club,it should have been run,much more tightly,but these jokers were on an ego trip!now their bored and don't want their play-thing any more,it's costing too much,they don't give a toss for our club!!!!!!!
Totally unfair comment. Mr Black has been very good to us and obviously feels in hard times that he has to economise himself. If you or I had to save money I suspect the little luxuries in life would be sacrificed first. Tom, not sure we can blame Wray too much for the embargo, the budget will have been set at the start of the season. He and Paolo will have worked to this figure. I do believe he made an error with the tribunal forecasts however which caused the overspend. As for Wray going it is now clear to me that the only reason Patey was brought in was to sell up and sell up as quick as possible. COYMR
Because he's currently at the dentist , he was on his way there when the Beeb spoke to him.
[quote][p][bold]Oxon-Red[/bold] wrote: [quote][p][bold]the don69[/bold] wrote: [quote][p][bold]stfc_tom[/bold] wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.[/p][/quote]Spot on Tom,they've ran the club very,very poorly from the start!if they didn't want to subsidise the club,it should have been run,much more tightly,but these jokers were on an ego trip!now their bored and don't want their play-thing any more,it's costing too much,they don't give a toss for our club!!!!!!![/p][/quote]Totally unfair comment. Mr Black has been very good to us and obviously feels in hard times that he has to economise himself. If you or I had to save money I suspect the little luxuries in life would be sacrificed first. Tom, not sure we can blame Wray too much for the embargo, the budget will have been set at the start of the season. He and Paolo will have worked to this figure. I do believe he made an error with the tribunal forecasts however which caused the overspend. As for Wray going it is now clear to me that the only reason Patey was brought in was to sell up and sell up as quick as possible. COYMR[/p][/quote]Because he's currently at the dentist , he was on his way there when the Beeb spoke to him. Stilloyal

10:49am Thu 17 Jan 13

mallorca says...

Wrong time for this announcement,ok has been said all along new investors were needed.
God know's the effect this will have on Pdc and team.On a postive front only several points behind top 2 all to go for.Just think mr Black should have waited a further few weeks before todays announcement.
As JW put club owes tax man 0/no overdraft etc just this major debt to the investor who at the end of the day wants his money back.
You get the feeling if mr Black wants anything back at all this Meeting on Sat must be held in a positive manner.
All the Fans can do is fill the CG on Sat and show what support new owners can expect.
Hope game goes ahead as weather looks iffy
Wrong time for this announcement,ok has been said all along new investors were needed. God know's the effect this will have on Pdc and team.On a postive front only several points behind top 2 all to go for.Just think mr Black should have waited a further few weeks before todays announcement. As JW put club owes tax man 0/no overdraft etc just this major debt to the investor who at the end of the day wants his money back. You get the feeling if mr Black wants anything back at all this Meeting on Sat must be held in a positive manner. All the Fans can do is fill the CG on Sat and show what support new owners can expect. Hope game goes ahead as weather looks iffy mallorca

11:09am Thu 17 Jan 13

Oi Den! says...

If Black wants to get out, presumably because he sees no end to funding the club's operations, I wonder who else is going to want to get involved and end up doing the same?
If Black wants to get out, presumably because he sees no end to funding the club's operations, I wonder who else is going to want to get involved and end up doing the same? Oi Den!

11:14am Thu 17 Jan 13

Oxon-Red says...

Can someone explain why putting the club into administration would attract new buyers.

It seems that the club has no creditors except the owners who now appear to want something back for what they have bought.

Not sure I see the logic of the admin threat.

COYMR
Can someone explain why putting the club into administration would attract new buyers. It seems that the club has no creditors except the owners who now appear to want something back for what they have bought. Not sure I see the logic of the admin threat. COYMR Oxon-Red

11:31am Thu 17 Jan 13

BigJim12 says...

What happened to the 2 or 3 year business plan for chamionship football ?
did someone get cold feet ?
it is not as if we are not delivering on the pitch.
I work there on match days so hope it will all be sorted out soon. COYR.
What happened to the 2 or 3 year business plan for chamionship football ? did someone get cold feet ? it is not as if we are not delivering on the pitch. I work there on match days so hope it will all be sorted out soon. COYR. BigJim12

11:45am Thu 17 Jan 13

Steve. Brentford says...

No knuckle dragging trolls yet but it wont be long before they are out in force.
I'm not surprised by this at all,the best outcome for us obviously is new owners will come in and take control whilst we are still in a strong position in the lge,I don't see how us going into administration is going to help attract new owners.
Now the people who were demanding statements of intent from Patey should understand why they never got anything from him,he is here only to find a way out for a board who thought they were onto a good thing with hopes of development and a quick sell on,when it become clear to these very successful businessman that things like redevelopment at Swindon wasn't as clear cut as first thought they now want out,No money to be made out of football but they were obviously convinced by someone (AF maybe) that there was.Lets hope we are bought by new owners sooner rather than later.
No knuckle dragging trolls yet but it wont be long before they are out in force. I'm not surprised by this at all,the best outcome for us obviously is new owners will come in and take control whilst we are still in a strong position in the lge,I don't see how us going into administration is going to help attract new owners. Now the people who were demanding statements of intent from Patey should understand why they never got anything from him,he is here only to find a way out for a board who thought they were onto a good thing with hopes of development and a quick sell on,when it become clear to these very successful businessman that things like redevelopment at Swindon wasn't as clear cut as first thought they now want out,No money to be made out of football but they were obviously convinced by someone (AF maybe) that there was.Lets hope we are bought by new owners sooner rather than later. Steve. Brentford

11:46am Thu 17 Jan 13

MarksDad says...

Having listened to the interview with SWP I fail to see where he says we are going into administration, he clearly states that quote 'people are getting ahead of themselves' when responding to a point put to him by the reporter.
Undoubtably there are things going on in the background but I think this is the usual sensationalism we get from our local reporters.
Having listened to the interview with SWP I fail to see where he says we are going into administration, he clearly states that quote 'people are getting ahead of themselves' when responding to a point put to him by the reporter. Undoubtably there are things going on in the background but I think this is the usual sensationalism we get from our local reporters. MarksDad

11:50am Thu 17 Jan 13

stfclondon says...

BBC Wiltshire should be ashamed of themselves for stirring up this hornet's nest with their mention of administration.

However, now it's out there it would be good to hear from Nick Watkins. He's the only person at the club who has a rapport with the fanbase. Some calming words from him would go a long way.
BBC Wiltshire should be ashamed of themselves for stirring up this hornet's nest with their mention of administration. However, now it's out there it would be good to hear from Nick Watkins. He's the only person at the club who has a rapport with the fanbase. Some calming words from him would go a long way. stfclondon

11:53am Thu 17 Jan 13

Oxon-Red says...

More importantly, who won the Samsung Contract last night ?

COYMR
More importantly, who won the Samsung Contract last night ? COYMR Oxon-Red

11:54am Thu 17 Jan 13

MarksDad says...

Your headline here clearly states 'Town considering administration' but SWP did not say that.
But of course the inference is there to stir things up.
Your headline here clearly states 'Town considering administration' but SWP did not say that. But of course the inference is there to stir things up. MarksDad

12:02pm Thu 17 Jan 13

Sniff my hoop says...

Simple question...

Who on earth agreed & signed off the transfer/wage budgets that PDC has been working to if they were always going to be unsustainable?

My understanding is that although PDC has spent a great deal of money, it was still within the limits agreed with the board. The embargo we entered was due to the unforseen upfront payments for as set by the transfer tribunals so can't be attributed to poor account/financial management on PDCs part.
Simple question... Who on earth agreed & signed off the transfer/wage budgets that PDC has been working to if they were always going to be unsustainable? My understanding is that although PDC has spent a great deal of money, it was still within the limits agreed with the board. The embargo we entered was due to the unforseen upfront payments for as set by the transfer tribunals so can't be attributed to poor account/financial management on PDCs part. Sniff my hoop

12:21pm Thu 17 Jan 13

LegendSTFC says...

I just want this sorted soon. It is not doing anything good for my heart rate.

Also, who are the people that 'know football'? I think that once these are known, the picture will become a lot clearer.
I just want this sorted soon. It is not doing anything good for my heart rate. Also, who are the people that 'know football'? I think that once these are known, the picture will become a lot clearer. LegendSTFC

12:25pm Thu 17 Jan 13

Another view says...

The interview with Patey sounds fairly positive. The fact he does not support Town probably helps as he has one job, to sell the club, not to try and keep fans happy while all the background negotiations are ongoing. Andrew Black and the others dug us out of a hole and have bought us time while they look for new investors.

On the football front - remember that? - with Donny and MK losing their managers, Sheffield already self-imploding, and now Tranny losing to Coventry, courtesy of a certain L Clarke, there must be fair number of fans who envy our situation.
The interview with Patey sounds fairly positive. The fact he does not support Town probably helps as he has one job, to sell the club, not to try and keep fans happy while all the background negotiations are ongoing. Andrew Black and the others dug us out of a hole and have bought us time while they look for new investors. On the football front - remember that? - with Donny and MK losing their managers, Sheffield already self-imploding, and now Tranny losing to Coventry, courtesy of a certain L Clarke, there must be fair number of fans who envy our situation. Another view

12:29pm Thu 17 Jan 13

TedMacsCherryPants says...

Aaaaagh!!! Not giving it so much on the AFCB site today then ****-Robins now you've got ur own problems, you lot need a bigger bucket or maybe you can remortgage your caravans!!

Down with the Pompey, ur going down with the Pompey............
Aaaaagh!!! Not giving it so much on the AFCB site today then ****-Robins now you've got ur own problems, you lot need a bigger bucket or maybe you can remortgage your caravans!! Down with the Pompey, ur going down with the Pompey............ TedMacsCherryPants

12:30pm Thu 17 Jan 13

Oi Den! says...

Steve. Brentford wrote:
No knuckle dragging trolls yet but it wont be long before they are out in force. I'm not surprised by this at all,the best outcome for us obviously is new owners will come in and take control whilst we are still in a strong position in the lge,I don't see how us going into administration is going to help attract new owners. Now the people who were demanding statements of intent from Patey should understand why they never got anything from him,he is here only to find a way out for a board who thought they were onto a good thing with hopes of development and a quick sell on,when it become clear to these very successful businessman that things like redevelopment at Swindon wasn't as clear cut as first thought they now want out,No money to be made out of football but they were obviously convinced by someone (AF maybe) that there was.Lets hope we are bought by new owners sooner rather than later.
Spot on Steve. I'm sure our current owner(s) would have been prepared to extend the period of the loans and continue taking operating losses on the chin for a while if the prospect of a pot of gold at the end of the property rainbow was still there. Maybe Swindon Borough Council has just proved too tough a nut to crack? I wish Sir William would give us a straightforward update on that instead of his stock non-answer.
[quote][p][bold]Steve. Brentford[/bold] wrote: No knuckle dragging trolls yet but it wont be long before they are out in force. I'm not surprised by this at all,the best outcome for us obviously is new owners will come in and take control whilst we are still in a strong position in the lge,I don't see how us going into administration is going to help attract new owners. Now the people who were demanding statements of intent from Patey should understand why they never got anything from him,he is here only to find a way out for a board who thought they were onto a good thing with hopes of development and a quick sell on,when it become clear to these very successful businessman that things like redevelopment at Swindon wasn't as clear cut as first thought they now want out,No money to be made out of football but they were obviously convinced by someone (AF maybe) that there was.Lets hope we are bought by new owners sooner rather than later.[/p][/quote]Spot on Steve. I'm sure our current owner(s) would have been prepared to extend the period of the loans and continue taking operating losses on the chin for a while if the prospect of a pot of gold at the end of the property rainbow was still there. Maybe Swindon Borough Council has just proved too tough a nut to crack? I wish Sir William would give us a straightforward update on that instead of his stock non-answer. Oi Den!

12:36pm Thu 17 Jan 13

hertz says...

Agree with above on timing , should have waited until the loan window closes , no wonder we have no takers for the players we try to offload and don't be surprised if we suddenly get offers for the players we want to keep . Even if admin does'nt mean we lose points or that we are skint it certainly sends out the wrong message when trying to sell a player , any buyer will simply sit and make you sweat it out .
One day we will get it right I suppose . As for everyone moaning because you have been told whats going on , just be careful what you wish for , as someone else above mentioned just let the money men get on with it and let us fans do our bit . Finally I can't see us having a game Saturday , if Elf and Safety get involved they won't let fans travel or walk around the outside of the ground .
Agree with above on timing , should have waited until the loan window closes , no wonder we have no takers for the players we try to offload and don't be surprised if we suddenly get offers for the players we want to keep . Even if admin does'nt mean we lose points or that we are skint it certainly sends out the wrong message when trying to sell a player , any buyer will simply sit and make you sweat it out . One day we will get it right I suppose . As for everyone moaning because you have been told whats going on , just be careful what you wish for , as someone else above mentioned just let the money men get on with it and let us fans do our bit . Finally I can't see us having a game Saturday , if Elf and Safety get involved they won't let fans travel or walk around the outside of the ground . hertz

12:41pm Thu 17 Jan 13

Since 1950 says...

Sensational headlines from the 'Adver' at 07.35 had me caughing up my cornflakes. The 'A' word mentioned all over the media and ex players hoping we're not forced into administration. (there I said it!). Stand by for another Sam Morsehead dig at the fans for acting irrationally over the reports.
Never let the truth get in the way of a good story eh?
Sensational headlines from the 'Adver' at 07.35 had me caughing up my cornflakes. The 'A' word mentioned all over the media and ex players hoping we're not forced into administration. (there I said it!). Stand by for another Sam Morsehead dig at the fans for acting irrationally over the reports. Never let the truth get in the way of a good story eh? Since 1950

12:52pm Thu 17 Jan 13

London Red says...

Oxon - no one would have actually won last night - it would have seen a final 2 or 3 slected to train with the club and from there PdC will name the winner
.
As for how can it wipe out the debt if it is to the oners - the same way it wipes out the debt if it is to the Tax man or whoever else
.
An administrator is hired and they have one purpose - sell the club on or liquidate it
.
They start by agreeing a the CVA price with the creditors (which is basically Andrew Black) - which using the figures quoted would be roughly 25p in the £1
.
The liabilities are then removed from the BS and replaced by the new CVA is added
.
A new Investor comes in happy with new reduced debt (£3m to STFC Holdings not £12m) and buys the shares of STFC Holdings to take over the club (or 95% of it)
.
Proceeds from sale of shares in STFC are then distributed to owners of STFC Holdings via their shareholdings
.
Remaining £3m remains on the BS of STFC Holdings and is repaid to them by STFC within the terms of the CVA - which will then be distributed to STFC Holdings Owners per their Shareholdings etc
.
Once final payment is made STFC Holdings is liquidated
.
Result - Owners of STFC Holdings get £6m (£3m CVA plus the £3m for the shares) instead of £15m currently on the BS
.
Flipside STFC/New Owner saves £9m
.
Though I don't think it will come to that and some sort of agreement outside administration will be struck which will simply see part of the debt written off so the sale can go ahead
.
The Admin threat is there as Wray, Fitton and Arbib know if they do not deal they will lose their share of that £9m as Black holds the power
.
We will likely see some comprimise and a smaller percentage written off than 75%
.
We may also see a minority holding remain by STFC Holdings so if any profit is made in the future they can still receive a portion of that
.
Thats just my take not gospel
Oxon - no one would have actually won last night - it would have seen a final 2 or 3 slected to train with the club and from there PdC will name the winner . As for how can it wipe out the debt if it is to the oners - the same way it wipes out the debt if it is to the Tax man or whoever else . An administrator is hired and they have one purpose - sell the club on or liquidate it . They start by agreeing a the CVA price with the creditors (which is basically Andrew Black) - which using the figures quoted would be roughly 25p in the £1 . The liabilities are then removed from the BS and replaced by the new CVA is added . A new Investor comes in happy with new reduced debt (£3m to STFC Holdings not £12m) and buys the shares of STFC Holdings to take over the club (or 95% of it) . Proceeds from sale of shares in STFC are then distributed to owners of STFC Holdings via their shareholdings . Remaining £3m remains on the BS of STFC Holdings and is repaid to them by STFC within the terms of the CVA - which will then be distributed to STFC Holdings Owners per their Shareholdings etc . Once final payment is made STFC Holdings is liquidated . Result - Owners of STFC Holdings get £6m (£3m CVA plus the £3m for the shares) instead of £15m currently on the BS . Flipside STFC/New Owner saves £9m . Though I don't think it will come to that and some sort of agreement outside administration will be struck which will simply see part of the debt written off so the sale can go ahead . The Admin threat is there as Wray, Fitton and Arbib know if they do not deal they will lose their share of that £9m as Black holds the power . We will likely see some comprimise and a smaller percentage written off than 75% . We may also see a minority holding remain by STFC Holdings so if any profit is made in the future they can still receive a portion of that . Thats just my take not gospel London Red

12:54pm Thu 17 Jan 13

London Red says...

thats should be off STFC Holdings - the new investor will be buying the shares in STFC
thats should be off STFC Holdings - the new investor will be buying the shares in STFC London Red

12:57pm Thu 17 Jan 13

oxoncherry says...

Apologies for any idiots from AFC Bournemouth giving it the mouth on here today. As a club that have had 3 admins and are not far from our 4th once our owners get bored, we should be keeping our mouths shut and showing some empathy.

Every club has some classless tools as 'fans'
Apologies for any idiots from AFC Bournemouth giving it the mouth on here today. As a club that have had 3 admins and are not far from our 4th once our owners get bored, we should be keeping our mouths shut and showing some empathy. Every club has some classless tools as 'fans' oxoncherry

1:13pm Thu 17 Jan 13

Swindon1984 says...

oxoncherry wrote:
Apologies for any idiots from AFC Bournemouth giving it the mouth on here today. As a club that have had 3 admins and are not far from our 4th once our owners get bored, we should be keeping our mouths shut and showing some empathy. Every club has some classless tools as 'fans'
Cheers for that mate - all the cherries fans I met last weekend were a great laugh and thoroughly enjoyed the time down there - we have our share of wind up merchants and keyboard warriors too, never fear.
[quote][p][bold]oxoncherry[/bold] wrote: Apologies for any idiots from AFC Bournemouth giving it the mouth on here today. As a club that have had 3 admins and are not far from our 4th once our owners get bored, we should be keeping our mouths shut and showing some empathy. Every club has some classless tools as 'fans'[/p][/quote]Cheers for that mate - all the cherries fans I met last weekend were a great laugh and thoroughly enjoyed the time down there - we have our share of wind up merchants and keyboard warriors too, never fear. Swindon1984

1:19pm Thu 17 Jan 13

Warwickshire Red says...

I am certain there is something in this story but nothing like as much as has been made of it in the media.

HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love.

SWP - Hang your head in shame.
I am certain there is something in this story but nothing like as much as has been made of it in the media. HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love. SWP - Hang your head in shame. Warwickshire Red

1:24pm Thu 17 Jan 13

Di kanny oh says...

TedMacsCherryPants wrote:
Aaaaagh!!! Not giving it so much on the AFCB site today then ****-Robins now you've got ur own problems, you lot need a bigger bucket or maybe you can remortgage your caravans!!

Down with the Pompey, ur going down with the Pompey............
Just remember mate that your Russian backers have their little toy to play with but they will soon get fed up and the boot will be on the other foot. At least we beat Wigan something your massive club could not manage.
[quote][p][bold]TedMacsCherryPants[/bold] wrote: Aaaaagh!!! Not giving it so much on the AFCB site today then ****-Robins now you've got ur own problems, you lot need a bigger bucket or maybe you can remortgage your caravans!! Down with the Pompey, ur going down with the Pompey............[/p][/quote]Just remember mate that your Russian backers have their little toy to play with but they will soon get fed up and the boot will be on the other foot. At least we beat Wigan something your massive club could not manage. Di kanny oh

1:27pm Thu 17 Jan 13

Wilesy says...

Why is administration even being discussed.

Good explanation LR thanks for that.

Surely though if we are in positive talks with investors then we should be discussing that.

If / when the talks break down and (someone on behalf of) Andrew Black then says if he can't find an investor in a clearly specified timeframe then he will consider administration, then that's the time for local media to sensationalise the worst case scenario and panic the fans, not now?

It's a bit like saying if we lose every game between now and the end of the season we might get relegated
Why is administration even being discussed. Good explanation LR thanks for that. Surely though if we are in positive talks with investors then we should be discussing that. If / when the talks break down and (someone on behalf of) Andrew Black then says if he can't find an investor in a clearly specified timeframe then he will consider administration, then that's the time for local media to sensationalise the worst case scenario and panic the fans, not now? It's a bit like saying if we lose every game between now and the end of the season we might get relegated Wilesy

1:31pm Thu 17 Jan 13

mjay67 says...

Another football club trying to buy success with money that they don't have. They need to start living within their means or they should be made to suffer serious consequences.
Another football club trying to buy success with money that they don't have. They need to start living within their means or they should be made to suffer serious consequences. mjay67

1:44pm Thu 17 Jan 13

sagadude says...

Contact David Beckham now!. As others have said, could be right up his street to own a football club, even a club in debt.
Contact David Beckham now!. As others have said, could be right up his street to own a football club, even a club in debt. sagadude

1:49pm Thu 17 Jan 13

Swindon1984 says...

mjay67 wrote:
Another football club trying to buy success with money that they don't have. They need to start living within their means or they should be made to suffer serious consequences.
Another new poster who knows nothing about the situation trying to get a rise out of people. Well done!
[quote][p][bold]mjay67[/bold] wrote: Another football club trying to buy success with money that they don't have. They need to start living within their means or they should be made to suffer serious consequences.[/p][/quote]Another new poster who knows nothing about the situation trying to get a rise out of people. Well done! Swindon1984

1:50pm Thu 17 Jan 13

STFC_Legend says...

Congratulations to the board, they've pandered to Paolo di Spendio and now he's 'Redknapped' the club into oblivion. Only a fool would invest in this club with that clown throwing a hissy fit everytime they try and tighten the purse strings.
Congratulations to the board, they've pandered to Paolo di Spendio and now he's 'Redknapped' the club into oblivion. Only a fool would invest in this club with that clown throwing a hissy fit everytime they try and tighten the purse strings. STFC_Legend

1:52pm Thu 17 Jan 13

sagadude says...

TedMacsCherryPants wrote:
Aaaaagh!!! Not giving it so much on the AFCB site today then ****-Robins now you've got ur own problems, you lot need a bigger bucket or maybe you can remortgage your caravans!!

Down with the Pompey, ur going down with the Pompey............
On your school lunch break then Ted?

It will happen to AFCB again in a few years. A short spell of success maybe championship, then same old same old, players high wages, manager leaves and back in administration, owners pack up and leave.

You live in the shadow of the Saints, and like us all, most football fans in Bournemouth support premier league clubs.
[quote][p][bold]TedMacsCherryPants[/bold] wrote: Aaaaagh!!! Not giving it so much on the AFCB site today then ****-Robins now you've got ur own problems, you lot need a bigger bucket or maybe you can remortgage your caravans!! Down with the Pompey, ur going down with the Pompey............[/p][/quote]On your school lunch break then Ted? It will happen to AFCB again in a few years. A short spell of success maybe championship, then same old same old, players high wages, manager leaves and back in administration, owners pack up and leave. You live in the shadow of the Saints, and like us all, most football fans in Bournemouth support premier league clubs. sagadude

1:54pm Thu 17 Jan 13

mallorca says...

Befor anyone is blamed for this situation,Mr Black appears to be flying solo and wants out nothing more or less.
It looks as if he wishes to avoid administration as at the end of the day would do the club or him virtually no good.
They are looking for investors and again what keeps coming up is the only major debt is to mr Black.
Looking at all posts again so so clear we are 5 points off an auto spot for promotion with games in hand and most important a really good management team and players.
Like many I guess we are thinking here we go again.
NO this is a different ball game and how I would like to see JW and AF form a group of investors
Befor anyone is blamed for this situation,Mr Black appears to be flying solo and wants out nothing more or less. It looks as if he wishes to avoid administration as at the end of the day would do the club or him virtually no good. They are looking for investors and again what keeps coming up is the only major debt is to mr Black. Looking at all posts again so so clear we are 5 points off an auto spot for promotion with games in hand and most important a really good management team and players. Like many I guess we are thinking here we go again. NO this is a different ball game and how I would like to see JW and AF form a group of investors mallorca

1:55pm Thu 17 Jan 13

STFC_Legend says...

Congratulations to the board, they've pandered to Paolo di Spendio and now he's 'Redknapped' the club into oblivion. Only a fool would invest in this club with that clown throwing a hissy fit everytime they try and tighten the purse strings.
Congratulations to the board, they've pandered to Paolo di Spendio and now he's 'Redknapped' the club into oblivion. Only a fool would invest in this club with that clown throwing a hissy fit everytime they try and tighten the purse strings. STFC_Legend

1:59pm Thu 17 Jan 13

Lambourn Red says...

Swindon Town Chief Exec Nick Watkins tells @bbcpointswest that administration is "not under consideration" at the moment.
Swindon Town Chief Exec Nick Watkins tells @bbcpointswest that administration is "not under consideration" at the moment. Lambourn Red

2:01pm Thu 17 Jan 13

Lambourn Red says...

Warwickshire Red wrote:
I am certain there is something in this story but nothing like as much as has been made of it in the media.

HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love.

SWP - Hang your head in shame.
I think you will find it was not SWP or AB that broke the news to the BBC .
[quote][p][bold]Warwickshire Red[/bold] wrote: I am certain there is something in this story but nothing like as much as has been made of it in the media. HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love. SWP - Hang your head in shame.[/p][/quote]I think you will find it was not SWP or AB that broke the news to the BBC . Lambourn Red

2:12pm Thu 17 Jan 13

Oi Den! says...

sagadude wrote:
Contact David Beckham now!. As others have said, could be right up his street to own a football club, even a club in debt.
Why would Beckham be interested in throwing his money away via the one way street of a football club that means b*gger all to him?
[quote][p][bold]sagadude[/bold] wrote: Contact David Beckham now!. As others have said, could be right up his street to own a football club, even a club in debt.[/p][/quote]Why would Beckham be interested in throwing his money away via the one way street of a football club that means b*gger all to him? Oi Den!

2:31pm Thu 17 Jan 13

dreamofacleansheet2 says...

Can someone explain to me why we signed Hollands and Martin for a month and didn't sell Flint. Don't get me wrong I'd rather have them here but I don't see how advertising we may go into administration helps Mr Black.

I'm sure he bought the club because he thought he could make money. Nonetheless no one would have minded if he had said enough is enough we aren't signing x because we can't afford it or we have to sell y to balanc the books.

I hate to say it but if I was someone lined up and interested in the club why would I talk to Black now? Better wait for administration and buy cheaper. Gamble on the ten point deduction and us still winning the league or going up via play offs, or waiting until next season.

Just don't get putting it n the public domain at all.
Can someone explain to me why we signed Hollands and Martin for a month and didn't sell Flint. Don't get me wrong I'd rather have them here but I don't see how advertising we may go into administration helps Mr Black. I'm sure he bought the club because he thought he could make money. Nonetheless no one would have minded if he had said enough is enough we aren't signing x because we can't afford it or we have to sell y to balanc the books. I hate to say it but if I was someone lined up and interested in the club why would I talk to Black now? Better wait for administration and buy cheaper. Gamble on the ten point deduction and us still winning the league or going up via play offs, or waiting until next season. Just don't get putting it n the public domain at all. dreamofacleansheet2

2:40pm Thu 17 Jan 13

madterrier says...

Hope people don't mind me cutting and pasting my comment I just put on the previous post, as this now seems to be the live one.
------------

Just logged on to discover all this. Yikes. Although it's been on the cards for a while now.

What LR says is correct. Clubs go into administration to protect themselves from their creditors, who are of course (mostly) our owners, notably Black

Going into administration allows administrators to reorganise the structure to try and achieve a better financial outcome than would happen if the business was declared insolvent.

You would hope that Mr Black would see that the club is a more saleable proposition with a strong squad chasing promotion, or even in the Championship. But it looks like he's not willing to cover the shortfall in income over costs for the next few months, or refinance the loans, let alone invest in the January transfer window.

If anything, the timing is to allow them to realise value by selling our best players over the next two weeks. But if that is their plan, they would have been better off doing that quietly before now, realising higher prices, and before making this announcement, even if it would have incurred the wrath of supporters.

You can appoint (actually hire, as consultants) administrators without going into administration. I've seen it happen in companies I have worked with, and you can only construe it as the writing on the wall as the to the financial position and the inclination of the owners. They would want to look at the books and the structure of the business, but it certainly sets alarm bells clanging.

We've been saying for ages that you don't 'invest' in football clubs - you only squander money. What Messrs Black, Arbib and Co. did was restructure the finances. They refinanced the debts through new loans, not by pumping in equity. I'm afraid the gates just haven't been high enough. Didn't Wray/Fitton say they had budgeted for 10,000 average?

Of course the club has done nothing wrong because the finances were sound, technically. All this about buying promotion is nonsense. But it is always at the creditors behest to change that situation suddenly.

We never really knew why they wanted in, but now clearly they want out. I suspect that the Administrator will advise Mr Black on which route will lose him the least money.
Hope people don't mind me cutting and pasting my comment I just put on the previous post, as this now seems to be the live one. ------------ Just logged on to discover all this. Yikes. Although it's been on the cards for a while now. What LR says is correct. Clubs go into administration to protect themselves from their creditors, who are of course (mostly) our owners, notably Black Going into administration allows administrators to reorganise the structure to try and achieve a better financial outcome than would happen if the business was declared insolvent. You would hope that Mr Black would see that the club is a more saleable proposition with a strong squad chasing promotion, or even in the Championship. But it looks like he's not willing to cover the shortfall in income over costs for the next few months, or refinance the loans, let alone invest in the January transfer window. If anything, the timing is to allow them to realise value by selling our best players over the next two weeks. But if that is their plan, they would have been better off doing that quietly before now, realising higher prices, and before making this announcement, even if it would have incurred the wrath of supporters. You can appoint (actually hire, as consultants) administrators without going into administration. I've seen it happen in companies I have worked with, and you can only construe it as the writing on the wall as the to the financial position and the inclination of the owners. They would want to look at the books and the structure of the business, but it certainly sets alarm bells clanging. We've been saying for ages that you don't 'invest' in football clubs - you only squander money. What Messrs Black, Arbib and Co. did was restructure the finances. They refinanced the debts through new loans, not by pumping in equity. I'm afraid the gates just haven't been high enough. Didn't Wray/Fitton say they had budgeted for 10,000 average? Of course the club has done nothing wrong because the finances were sound, technically. All this about buying promotion is nonsense. But it is always at the creditors behest to change that situation suddenly. We never really knew why they wanted in, but now clearly they want out. I suspect that the Administrator will advise Mr Black on which route will lose him the least money. madterrier

2:41pm Thu 17 Jan 13

dreamofacleansheet2 says...

Ps J Wray and Paolo buy the club together...... Problem solved....
Ps J Wray and Paolo buy the club together...... Problem solved.... dreamofacleansheet2

2:53pm Thu 17 Jan 13

Stratton Red says...

Oxon-Red wrote:
Can someone explain why putting the club into administration would attract new buyers. It seems that the club has no creditors except the owners who now appear to want something back for what they have bought. Not sure I see the logic of the admin threat. COYMR
Totally agree ****-Red. What's going to make us attractive is being on the brink of Championship football not in administration with 10 points deducted...
[quote][p][bold]Oxon-Red[/bold] wrote: Can someone explain why putting the club into administration would attract new buyers. It seems that the club has no creditors except the owners who now appear to want something back for what they have bought. Not sure I see the logic of the admin threat. COYMR[/p][/quote]Totally agree ****-Red. What's going to make us attractive is being on the brink of Championship football not in administration with 10 points deducted... Stratton Red

2:55pm Thu 17 Jan 13

swinRhino says...

Only just getting to this as well. Question is why administration is better, as been mentioned this is main to protect owners/directors etc. from the creditors. In this case mainly Mr Black from Mr Black.

As been stated by a few how does that help things.

The club is in the position of no additional debt due to Mr Black and co., if they do not want to invest additional money the income from gates etc may/will not cover future creditors.

So at some point if no buyer found the external debt will rise to a value where admin would start to make sense.

I don't think we are at that position hence time to find a buyer, but there is a window.

I may be wrong in this thinking, or it may have already been said, just my thought!
Only just getting to this as well. Question is why administration is better, as been mentioned this is main to protect owners/directors etc. from the creditors. In this case mainly Mr Black from Mr Black. As been stated by a few how does that help things. The club is in the position of no additional debt due to Mr Black and co., if they do not want to invest additional money the income from gates etc may/will not cover future creditors. So at some point if no buyer found the external debt will rise to a value where admin would start to make sense. I don't think we are at that position hence time to find a buyer, but there is a window. I may be wrong in this thinking, or it may have already been said, just my thought! swinRhino

3:00pm Thu 17 Jan 13

Squawking Man says...

Oh No,, not the same old story again..Just as we all thought the club was back on a sound footing we get all this again,, Why put the Fans back through it yet again!!!! How many more times??

Think of all the wasted money, with some really Dud signings, and the players we have let go for nothing, and the ones which got brought in and they've gone like Lord Lucan!!!!!

Our only assets are the players we dont even own our ground!!!

here we go round and round in circles!!! and the fans suffer yet again!!!

Sort it Out !!!!! Please
Oh No,, not the same old story again..Just as we all thought the club was back on a sound footing we get all this again,, Why put the Fans back through it yet again!!!! How many more times?? Think of all the wasted money, with some really Dud signings, and the players we have let go for nothing, and the ones which got brought in and they've gone like Lord Lucan!!!!! Our only assets are the players we dont even own our ground!!! here we go round and round in circles!!! and the fans suffer yet again!!! Sort it Out !!!!! Please Squawking Man

3:11pm Thu 17 Jan 13

old town robin says...

I would assume any prospective investment from a new owner would be depending on if the ground could be redeveloped. As yet Patey has not disclosed that he has found anybody that may be interested. So can anyone say what if anything has been agreed with the Council who have always been a major obstacle to overcome to have any chance of moving forward. Ideally it would be beneficial for the club to buy the land, but can't see that happening with covenants on the land only being used for sport etc. If we owned the land the ground is built on we probably wouldn't even be discussing the prospect of administration.
I would assume any prospective investment from a new owner would be depending on if the ground could be redeveloped. As yet Patey has not disclosed that he has found anybody that may be interested. So can anyone say what if anything has been agreed with the Council who have always been a major obstacle to overcome to have any chance of moving forward. Ideally it would be beneficial for the club to buy the land, but can't see that happening with covenants on the land only being used for sport etc. If we owned the land the ground is built on we probably wouldn't even be discussing the prospect of administration. old town robin

3:14pm Thu 17 Jan 13

TedMacsCherryPants says...

Hoping to trade a pony & trap for Matt Ritchie soon!
Hoping to trade a pony & trap for Matt Ritchie soon! TedMacsCherryPants

3:40pm Thu 17 Jan 13

Oi Den! says...

old town robin wrote:
I would assume any prospective investment from a new owner would be depending on if the ground could be redeveloped. As yet Patey has not disclosed that he has found anybody that may be interested. So can anyone say what if anything has been agreed with the Council who have always been a major obstacle to overcome to have any chance of moving forward. Ideally it would be beneficial for the club to buy the land, but can't see that happening with covenants on the land only being used for sport etc. If we owned the land the ground is built on we probably wouldn't even be discussing the prospect of administration.
OTR, at the risk of sounding like a broken record, I think this may be the key to it all. I can't imagine that Black and co are hugely surprised at the trading losses incurred. That's what football clubs do - make losses. So what has changed? Yes, their loans are repayable this year but were the investors always planning to get out when the loan term had run its course? I doubt it.
[quote][p][bold]old town robin[/bold] wrote: I would assume any prospective investment from a new owner would be depending on if the ground could be redeveloped. As yet Patey has not disclosed that he has found anybody that may be interested. So can anyone say what if anything has been agreed with the Council who have always been a major obstacle to overcome to have any chance of moving forward. Ideally it would be beneficial for the club to buy the land, but can't see that happening with covenants on the land only being used for sport etc. If we owned the land the ground is built on we probably wouldn't even be discussing the prospect of administration.[/p][/quote]OTR, at the risk of sounding like a broken record, I think this may be the key to it all. I can't imagine that Black and co are hugely surprised at the trading losses incurred. That's what football clubs do - make losses. So what has changed? Yes, their loans are repayable this year but were the investors always planning to get out when the loan term had run its course? I doubt it. Oi Den!

3:43pm Thu 17 Jan 13

Oxon-Red says...

The key statement from the Patay interview as reported on the BBC site is:

"When asked if he could guarantee the club could avoid administration for a third time in their history, Patey responded: "Not a single chairman in the country could do that."

Seems to me that this one answer has been the root cause of so very sensationalist headlines.

What does this sentence say to you guys ?

To me it certainly does not warrant the headline "Swindon Town up for sale to avoid administration"

COYMR
The key statement from the Patay interview as reported on the BBC site is: "When asked if he could guarantee the club could avoid administration for a third time in their history, Patey responded: "Not a single chairman in the country could do that." Seems to me that this one answer has been the root cause of so very sensationalist headlines. What does this sentence say to you guys ? To me it certainly does not warrant the headline "Swindon Town up for sale to avoid administration" COYMR Oxon-Red

4:03pm Thu 17 Jan 13

old town robin says...

If the club were to offer the first stage prices now for next seasons season tickets, (regardless if it is div 1 or championship), I would buy my three tomorrow and not wait for the winnings for getting promotion like I did last season, so come on you marketing guy make us an offer and see how much we can raise in the next month or so to secure keeping our loanees to help us get out of this level. we are close to 6k if we can move that up to 8k we can make the differance, I'm sure there are many others like me that just love our club and appreciate how Paolo is taking us forward on the field.

Just heard what he has to say on SKY, indicated prospective investors are footballing people, didn't want to say too much, but he didn't seemed too concerned with the situation.

COYR
If the club were to offer the first stage prices now for next seasons season tickets, (regardless if it is div 1 or championship), I would buy my three tomorrow and not wait for the winnings for getting promotion like I did last season, so come on you marketing guy make us an offer and see how much we can raise in the next month or so to secure keeping our loanees to help us get out of this level. we are close to 6k if we can move that up to 8k we can make the differance, I'm sure there are many others like me that just love our club and appreciate how Paolo is taking us forward on the field. Just heard what he has to say on SKY, indicated prospective investors are footballing people, didn't want to say too much, but he didn't seemed too concerned with the situation. COYR old town robin

4:21pm Thu 17 Jan 13

old town robin says...

Forgot to say, Paolo's interview was made at pitch side, no covers on the ground yet, grass looked emaculate. Just started to snow in SN1, local forecast is more to come Friday and Saturday, so be prepared with the shovels, snow is fine, but a drop in temperatures that turns to ice around the ground will be a good excuse for the 'elf & safety brigade to have the Shrews game called off.
Forgot to say, Paolo's interview was made at pitch side, no covers on the ground yet, grass looked emaculate. Just started to snow in SN1, local forecast is more to come Friday and Saturday, so be prepared with the shovels, snow is fine, but a drop in temperatures that turns to ice around the ground will be a good excuse for the 'elf & safety brigade to have the Shrews game called off. old town robin

4:22pm Thu 17 Jan 13

ChrisWantageRed says...

old town robin wrote:
If the club were to offer the first stage prices now for next seasons season tickets, (regardless if it is div 1 or championship), I would buy my three tomorrow and not wait for the winnings for getting promotion like I did last season, so come on you marketing guy make us an offer and see how much we can raise in the next month or so to secure keeping our loanees to help us get out of this level. we are close to 6k if we can move that up to 8k we can make the differance, I'm sure there are many others like me that just love our club and appreciate how Paolo is taking us forward on the field. Just heard what he has to say on SKY, indicated prospective investors are footballing people, didn't want to say too much, but he didn't seemed too concerned with the situation. COYR
Yeah I'd be interested in that...and I still think the half season ticket idea was a trick missed!

Well if Paolo isn't concerned, then I'm certainly alot happier!
[quote][p][bold]old town robin[/bold] wrote: If the club were to offer the first stage prices now for next seasons season tickets, (regardless if it is div 1 or championship), I would buy my three tomorrow and not wait for the winnings for getting promotion like I did last season, so come on you marketing guy make us an offer and see how much we can raise in the next month or so to secure keeping our loanees to help us get out of this level. we are close to 6k if we can move that up to 8k we can make the differance, I'm sure there are many others like me that just love our club and appreciate how Paolo is taking us forward on the field. Just heard what he has to say on SKY, indicated prospective investors are footballing people, didn't want to say too much, but he didn't seemed too concerned with the situation. COYR[/p][/quote]Yeah I'd be interested in that...and I still think the half season ticket idea was a trick missed! Well if Paolo isn't concerned, then I'm certainly alot happier! ChrisWantageRed

4:28pm Thu 17 Jan 13

matt71 says...

Any more info on Paolo interview.
Any more info on Paolo interview. matt71

4:36pm Thu 17 Jan 13

Deejaycee says...

Best of luck STFC from the majority of AFCB supporters. Sorry, can't speak for everyone, we have a mindless few, as no doubt you have.
Best of luck STFC from the majority of AFCB supporters. Sorry, can't speak for everyone, we have a mindless few, as no doubt you have. Deejaycee

4:40pm Thu 17 Jan 13

London Red says...

Didn't the club try that before the PO Final and didn't get much up take!
.
Under 1000 were sold in the TE - so not much appitite for Championship football at £199 at that time!
.
Doubt there will be much at this point for £250+ - as we could still be L1 like last time
.
Only the current ST holders are likley to take it up (and probably not all) and that technically won't benefit the club as it could mean a reduced inflow as they can jack the prices up if we do go up
.
Also the income can't be counted yet as it relates to next year so only gets deferred on the Balance Sheet so doesn't help with the Wage Cap either
.
Reduced debt is the only way it can be sold
Didn't the club try that before the PO Final and didn't get much up take! . Under 1000 were sold in the TE - so not much appitite for Championship football at £199 at that time! . Doubt there will be much at this point for £250+ - as we could still be L1 like last time . Only the current ST holders are likley to take it up (and probably not all) and that technically won't benefit the club as it could mean a reduced inflow as they can jack the prices up if we do go up . Also the income can't be counted yet as it relates to next year so only gets deferred on the Balance Sheet so doesn't help with the Wage Cap either . Reduced debt is the only way it can be sold London Red

4:41pm Thu 17 Jan 13

London Red says...

I note the heading has changed - will all the other media outlets who have banished we are going into administration retract that now?
.
Doubt it!
I note the heading has changed - will all the other media outlets who have banished we are going into administration retract that now? . Doubt it! London Red

4:50pm Thu 17 Jan 13

Lambourn Red says...

London Red wrote:
I note the heading has changed - will all the other media outlets who have banished we are going into administration retract that now?
.
Doubt it!
The damage is done now LR some very irresponsible journalists have undone all the good work the club have done over the last few years to turn around the perception of STFC in the football world. The bbc are the big culprits in all of this going to press without even giving the club a chance to put the record straight.
[quote][p][bold]London Red[/bold] wrote: I note the heading has changed - will all the other media outlets who have banished we are going into administration retract that now? . Doubt it![/p][/quote]The damage is done now LR some very irresponsible journalists have undone all the good work the club have done over the last few years to turn around the perception of STFC in the football world. The bbc are the big culprits in all of this going to press without even giving the club a chance to put the record straight. Lambourn Red

4:56pm Thu 17 Jan 13

TheDukeOfBanbury says...

Deejaycee wrote:
Best of luck STFC from the majority of AFCB supporters. Sorry, can't speak for everyone, we have a mindless few, as no doubt you have.
Thanks DJC..

Feel better than when I first woke up this Morning.........and I am just about dry from last Saturday.
How ironic would that be if we met in the Championship next season :) ....you can only dream but this time at yours in August.
[quote][p][bold]Deejaycee[/bold] wrote: Best of luck STFC from the majority of AFCB supporters. Sorry, can't speak for everyone, we have a mindless few, as no doubt you have.[/p][/quote]Thanks DJC.. Feel better than when I first woke up this Morning.........and I am just about dry from last Saturday. How ironic would that be if we met in the Championship next season :) ....you can only dream but this time at yours in August. TheDukeOfBanbury

4:57pm Thu 17 Jan 13

TheDukeOfBanbury says...

Let me at Adrian "****" Durham.
Dipstick.
Let me at Adrian "****" Durham. Dipstick. TheDukeOfBanbury

5:03pm Thu 17 Jan 13

Blazing Riff says...

London Red wrote:
I note the heading has changed - will all the other media outlets who have banished we are going into administration retract that now?
.
Doubt it!
Just checked the BBC site and they seem to have completely 'pulled' the story!
[quote][p][bold]London Red[/bold] wrote: I note the heading has changed - will all the other media outlets who have banished we are going into administration retract that now? . Doubt it![/p][/quote]Just checked the BBC site and they seem to have completely 'pulled' the story! Blazing Riff

5:12pm Thu 17 Jan 13

stevefol says...

If I were a betting man I'd say something bad is on the horizon for Betfair, and Mr Black, who still has a very significant chunk of his wealth tied up in it, is in a state of panic
If I were a betting man I'd say something bad is on the horizon for Betfair, and Mr Black, who still has a very significant chunk of his wealth tied up in it, is in a state of panic stevefol

5:13pm Thu 17 Jan 13

mallorca says...

Let's hope this latest saga does not start a fire sale, could see Ritchie/Ferry and williams go would be terrible,however I did hear on TV that Admin was a possibility but not at this time.
God how I hope we get new investors and th Hatchet man goes,thats what I called him when appointed.
Looking at it just hope the team keep going on the run and attract investors
Let's hope this latest saga does not start a fire sale, could see Ritchie/Ferry and williams go would be terrible,however I did hear on TV that Admin was a possibility but not at this time. God how I hope we get new investors and th Hatchet man goes,thats what I called him when appointed. Looking at it just hope the team keep going on the run and attract investors mallorca

5:16pm Thu 17 Jan 13

old town robin says...

London Red wrote:
Didn't the club try that before the PO Final and didn't get much up take!
.
Under 1000 were sold in the TE - so not much appitite for Championship football at £199 at that time!
.
Doubt there will be much at this point for £250+ - as we could still be L1 like last time
.
Only the current ST holders are likley to take it up (and probably not all) and that technically won't benefit the club as it could mean a reduced inflow as they can jack the prices up if we do go up
.
Also the income can't be counted yet as it relates to next year so only gets deferred on the Balance Sheet so doesn't help with the Wage Cap either
.
Reduced debt is the only way it can be sold
LR,

take it you were referring to my post that we can generate additional income by earning revenue in advanced ticket sales for next season. Will take your word for it that advance tickets would not count in this seasons finances, not sure how that works out for supporters that have purchased 5 year tickets.

it was just a suggestion of how we might overcome present restriction, if you have better ideas than selling assets I would be pleased to hear them, as you are well aware we cannot force any player with a contract out the door. Maybe we could reduce paolo's coaching staff or close the accademy, what do you think, why should the onus always fall on the squad which as you know is a lot smaller than last season.

As you say we have to reduce debt, but how this is best acheived, I don't know, but selling our best players is not a good option.

Not a disagreement with you, but the next two weeks will define our season
[quote][p][bold]London Red[/bold] wrote: Didn't the club try that before the PO Final and didn't get much up take! . Under 1000 were sold in the TE - so not much appitite for Championship football at £199 at that time! . Doubt there will be much at this point for £250+ - as we could still be L1 like last time . Only the current ST holders are likley to take it up (and probably not all) and that technically won't benefit the club as it could mean a reduced inflow as they can jack the prices up if we do go up . Also the income can't be counted yet as it relates to next year so only gets deferred on the Balance Sheet so doesn't help with the Wage Cap either . Reduced debt is the only way it can be sold[/p][/quote]LR, take it you were referring to my post that we can generate additional income by earning revenue in advanced ticket sales for next season. Will take your word for it that advance tickets would not count in this seasons finances, not sure how that works out for supporters that have purchased 5 year tickets. it was just a suggestion of how we might overcome present restriction, if you have better ideas than selling assets I would be pleased to hear them, as you are well aware we cannot force any player with a contract out the door. Maybe we could reduce paolo's coaching staff or close the accademy, what do you think, why should the onus always fall on the squad which as you know is a lot smaller than last season. As you say we have to reduce debt, but how this is best acheived, I don't know, but selling our best players is not a good option. Not a disagreement with you, but the next two weeks will define our season old town robin

5:23pm Thu 17 Jan 13

DarrenSTFCRomain says...

Stilloyal wrote:
stfc_tom wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.
The club have been working within their playing budget and currently continues to do so. However to sustain the club on a weekly basis to cover ALL costs it needs a fan base of 9.5k. The club is NOT in any debt but it cannot survive on gates of 8k . I believe (know ) more could be done on the marketing side of the business. Of course the best way to attract fans is by good rersults and we are getting those. NOT enough is being done by way of promoting the club to attract new every day punters. We loyal 6- 8k have always borne the brunt when it comes to putting money into the club. More , much more needs to be done to attract new fans or customers . Come on you marketing people earn your money , the manager and players are !
Well said mate...
The only thing EVERY SWINDON TOWN FAN can do is go to the game on saturday..
The rest is out of are hands..

Just think.a couple of weeks ago some people were saying that the board MUST invest more..

WERE NEVER DIE
WERE NEVER DIE
WERE NEVER DIE
WERE NEVER DIE
WERE KEEP THE RED FLAG FLYING HIGH AS SWINDON TOWN
WILL NEVER DIE..

SWINDON SWINDON...
[quote][p][bold]Stilloyal[/bold] wrote: [quote][p][bold]stfc_tom[/bold] wrote: Although I do like Wray and Fitton in the way they handled the fans we also need to keep things in perspective. If tjjings are as they seem to be at present (official statement pending) then are they also not potentially guilty of contributing to this situation? The bulk of the expenditure has come under Wray's guidence and then we ended up with an embargo. Black then relieved Wray of his duties. Those are the facts. It is therefore possible that Black felt Wray had let things get out of hand. Patey has come in and been more 'dry' with the fans and the handling of the club and as a consequence has upset people. But he has said it how it is. Although it is great to have nice people in charge of our club (JW/AF) I would much rather have someone the fans disliked BUT the club was financially stable. I think I would prefer someone totally new to come into the club and start afresh.[/p][/quote]The club have been working within their playing budget and currently continues to do so. However to sustain the club on a weekly basis to cover ALL costs it needs a fan base of 9.5k. The club is NOT in any debt but it cannot survive on gates of 8k . I believe (know ) more could be done on the marketing side of the business. Of course the best way to attract fans is by good rersults and we are getting those. NOT enough is being done by way of promoting the club to attract new every day punters. We loyal 6- 8k have always borne the brunt when it comes to putting money into the club. More , much more needs to be done to attract new fans or customers . Come on you marketing people earn your money , the manager and players are ![/p][/quote]Well said mate... The only thing EVERY SWINDON TOWN FAN can do is go to the game on saturday.. The rest is out of are hands.. Just think.a couple of weeks ago some people were saying that the board MUST invest more.. WERE NEVER DIE WERE NEVER DIE WERE NEVER DIE WERE NEVER DIE WERE KEEP THE RED FLAG FLYING HIGH AS SWINDON TOWN WILL NEVER DIE.. SWINDON SWINDON... DarrenSTFCRomain

5:25pm Thu 17 Jan 13

dreamofacleansheet2 says...

Don't live in Swindon so not familiar with the Council. It seems to me that we will forever be in this cycle until we own the ground.

Can someone not stand on the "we will sell the ground to the club after having it valued by three independent property firms. Then at least we'd have certainty on our situation.

Seems to me Black has played an overly aggressive hand of poker that will back fire every which way unless the other debt holders roll over. Again if someone did that to me it would be unlikely to sway me.

London's excellent post sums up to me that we will go into administration as there is so much for a prospective purchaser to gain. Hope I'm wrong but I don't see Black as the kind of guy to back down and accept a compromise. Hope I'm wrong as I have a lot of bets, single, doubles, trebles, quadruples all riding on us getting a top three position......
Don't live in Swindon so not familiar with the Council. It seems to me that we will forever be in this cycle until we own the ground. Can someone not stand on the "we will sell the ground to the club after having it valued by three independent property firms. Then at least we'd have certainty on our situation. Seems to me Black has played an overly aggressive hand of poker that will back fire every which way unless the other debt holders roll over. Again if someone did that to me it would be unlikely to sway me. London's excellent post sums up to me that we will go into administration as there is so much for a prospective purchaser to gain. Hope I'm wrong but I don't see Black as the kind of guy to back down and accept a compromise. Hope I'm wrong as I have a lot of bets, single, doubles, trebles, quadruples all riding on us getting a top three position...... dreamofacleansheet2

5:28pm Thu 17 Jan 13

DarrenSTFCRomain says...

Sounds like good news from nick watkins,,

THE CLUB IS NOT CONTENPLATING ADMINISTRASION
Sounds like good news from nick watkins,, THE CLUB IS NOT CONTENPLATING ADMINISTRASION DarrenSTFCRomain

5:36pm Thu 17 Jan 13

TheDukeOfBanbury says...

PDC ...............Top of the Legend Tree.
PDC ...............Top of the Legend Tree. TheDukeOfBanbury

5:39pm Thu 17 Jan 13

swindon69 says...

Read my comments on:

http://stuartrivers.
blogspot.co.uk/

Andrew Black is a poker player - administration is a bluff!
Read my comments on: http://stuartrivers. blogspot.co.uk/ Andrew Black is a poker player - administration is a bluff! swindon69

5:59pm Thu 17 Jan 13

Di kanny oh says...

We fans need to get onto the council and say to them give us a ground that would be worthy of the 20th century instead of the two stands that frequent the County Ground at this moment in time. We need a council with vision and move this club forward and build a facility that will attract all year round revenue with concert hall, gymnasiums,hotels etc etc. With the football team flying and manager reaping the rewards of his management never has there been a better time for the council to step in and get this ground issue sorted out once and for all. Just look up the road at Bristol Rovers as that council has vision unlike ours who would rather build roundabouts.
We fans need to get onto the council and say to them give us a ground that would be worthy of the 20th century instead of the two stands that frequent the County Ground at this moment in time. We need a council with vision and move this club forward and build a facility that will attract all year round revenue with concert hall, gymnasiums,hotels etc etc. With the football team flying and manager reaping the rewards of his management never has there been a better time for the council to step in and get this ground issue sorted out once and for all. Just look up the road at Bristol Rovers as that council has vision unlike ours who would rather build roundabouts. Di kanny oh

6:00pm Thu 17 Jan 13

old town robin says...

Watch this space, Paolo has said "football investors are interested in taking over" , I am guessing a JW consortium is interested and we will see our beloved chairman and AF buying Andrew Blacks shares and him or AF reinstated as chairman. as already said Watkins statement is very positive.
Watch this space, Paolo has said "football investors are interested in taking over" , I am guessing a JW consortium is interested and we will see our beloved chairman and AF buying Andrew Blacks shares and him or AF reinstated as chairman. as already said Watkins statement is very positive. old town robin

6:01pm Thu 17 Jan 13

Di kanny oh says...

old town robin wrote:
Forgot to say, Paolo's interview was made at pitch side, no covers on the ground yet, grass looked emaculate. Just started to snow in SN1, local forecast is more to come Friday and Saturday, so be prepared with the shovels, snow is fine, but a drop in temperatures that turns to ice around the ground will be a good excuse for the 'elf & safety brigade to have the Shrews game called off.
According to Adver in the shops today the covers were on.
[quote][p][bold]old town robin[/bold] wrote: Forgot to say, Paolo's interview was made at pitch side, no covers on the ground yet, grass looked emaculate. Just started to snow in SN1, local forecast is more to come Friday and Saturday, so be prepared with the shovels, snow is fine, but a drop in temperatures that turns to ice around the ground will be a good excuse for the 'elf & safety brigade to have the Shrews game called off.[/p][/quote]According to Adver in the shops today the covers were on. Di kanny oh

6:13pm Thu 17 Jan 13

Di kanny oh says...

old town robin wrote:
Watch this space, Paolo has said "football investors are interested in taking over" , I am guessing a JW consortium is interested and we will see our beloved chairman and AF buying Andrew Blacks shares and him or AF reinstated as chairman. as already said Watkins statement is very positive.
Yes agree that was very good listening and also good to hear that even Paolo and Phil Spencer have been busy looking for investors. Four consortiums sounds really excellent and should resolve itself quickly with Andrew Black pushing for a very quick conclusion to matters which I would guess is the major worry as I hope he does not push too hard. I see Paolo is in disagreement yet again with Sir William over what has or hasn't been said. I feel much better now than I did this morning and lets hope it reaches a smooth outcome. By the sounds of things Paolo is on a mission to appease the fans here at Swindon after years of suffering. Hail Paolo Di Canio.
[quote][p][bold]old town robin[/bold] wrote: Watch this space, Paolo has said "football investors are interested in taking over" , I am guessing a JW consortium is interested and we will see our beloved chairman and AF buying Andrew Blacks shares and him or AF reinstated as chairman. as already said Watkins statement is very positive.[/p][/quote]Yes agree that was very good listening and also good to hear that even Paolo and Phil Spencer have been busy looking for investors. Four consortiums sounds really excellent and should resolve itself quickly with Andrew Black pushing for a very quick conclusion to matters which I would guess is the major worry as I hope he does not push too hard. I see Paolo is in disagreement yet again with Sir William over what has or hasn't been said. I feel much better now than I did this morning and lets hope it reaches a smooth outcome. By the sounds of things Paolo is on a mission to appease the fans here at Swindon after years of suffering. Hail Paolo Di Canio. Di kanny oh

6:30pm Thu 17 Jan 13

London Red says...

OTR - no offence meant just pointing out why it wouldn't work
.
As for your 5 year question you defer the income on the balance sheet and then release over the life
.
So a 5 year £200 ST purchased today for the next 5 years would go
.
Dr Cash £1000
Cr Deferred Income £1000
.
Then next season you go
.
Dr Deferred Income £200
Cr Match Revenue £200
.
Then repeat that for 4 more years
.
It would boost our assets and provide guaranteed income which could aid a sale if large enough - ie 5000 would see cash boosted by £5m!
.
Though it won't help us this season as PnL remains untouched
.
PdC revealed today we are under budget and have it to sign Martin and Hollands - though it would take us over 65% which is why it can't be done
.
Looks like the cup exits have cost us - Brentford's clash with Chelsea is worth £300k - we could do with that now!
OTR - no offence meant just pointing out why it wouldn't work . As for your 5 year question you defer the income on the balance sheet and then release over the life . So a 5 year £200 ST purchased today for the next 5 years would go . Dr Cash £1000 Cr Deferred Income £1000 . Then next season you go . Dr Deferred Income £200 Cr Match Revenue £200 . Then repeat that for 4 more years . It would boost our assets and provide guaranteed income which could aid a sale if large enough - ie 5000 would see cash boosted by £5m! . Though it won't help us this season as PnL remains untouched . PdC revealed today we are under budget and have it to sign Martin and Hollands - though it would take us over 65% which is why it can't be done . Looks like the cup exits have cost us - Brentford's clash with Chelsea is worth £300k - we could do with that now! London Red

6:37pm Thu 17 Jan 13

Robin of Andover says...

Here we go again, people responsible for the club making the supporters suffer. At least we have PDC who obviously loves the club and team as much as the supporters. Andy Fitton saved the club and let's hope another like him steps in and takes hold of a successful team/club worthy of the Championship. Whoever buys the club will own a proud club, loyal supporters and a team that will give them the headlines they deserve. I don't understand Black's moves but Swindon Town will never die, we keep the red flag flying high, because Swindon Town will never die. COYR
Here we go again, people responsible for the club making the supporters suffer. At least we have PDC who obviously loves the club and team as much as the supporters. Andy Fitton saved the club and let's hope another like him steps in and takes hold of a successful team/club worthy of the Championship. Whoever buys the club will own a proud club, loyal supporters and a team that will give them the headlines they deserve. I don't understand Black's moves but Swindon Town will never die, we keep the red flag flying high, because Swindon Town will never die. COYR Robin of Andover

6:45pm Thu 17 Jan 13

grove red says...

It's a pity all 4 party's could not team up together as that wouldn't cost as much to all involved to buy the club and move us forward.

Swindon til I die!!!!
It's a pity all 4 party's could not team up together as that wouldn't cost as much to all involved to buy the club and move us forward. Swindon til I die!!!! grove red

6:54pm Thu 17 Jan 13

southside7 says...

Di kanny oh wrote:
old town robin wrote:
Forgot to say, Paolo's interview was made at pitch side, no covers on the ground yet, grass looked emaculate. Just started to snow in SN1, local forecast is more to come Friday and Saturday, so be prepared with the shovels, snow is fine, but a drop in temperatures that turns to ice around the ground will be a good excuse for the 'elf & safety brigade to have the Shrews game called off.
According to Adver in the shops today the covers were on.
Shovels at the ready for Saturday morning then. Back's still aching from last time we did that.
[quote][p][bold]Di kanny oh[/bold] wrote: [quote][p][bold]old town robin[/bold] wrote: Forgot to say, Paolo's interview was made at pitch side, no covers on the ground yet, grass looked emaculate. Just started to snow in SN1, local forecast is more to come Friday and Saturday, so be prepared with the shovels, snow is fine, but a drop in temperatures that turns to ice around the ground will be a good excuse for the 'elf & safety brigade to have the Shrews game called off.[/p][/quote]According to Adver in the shops today the covers were on.[/p][/quote]Shovels at the ready for Saturday morning then. Back's still aching from last time we did that. southside7

7:17pm Thu 17 Jan 13

madterrier says...

If Mr Black's money isn't good any more, maybe the team should come onto to the pitch to the tune of 'Mouldy Old Dough' by Lieutenant Pigeon, instead of 'Only Fools Rush In' or whatever it is we play over the crackly tanoy.
If Mr Black's money isn't good any more, maybe the team should come onto to the pitch to the tune of 'Mouldy Old Dough' by Lieutenant Pigeon, instead of 'Only Fools Rush In' or whatever it is we play over the crackly tanoy. madterrier

7:44pm Thu 17 Jan 13

bluewhiteandred says...

hi swindon fans
Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community
hi swindon fans Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community bluewhiteandred

7:46pm Thu 17 Jan 13

bluewhiteandred says...

sorry miss typed
profits go back in to swindon fc and community
sorry miss typed profits go back in to swindon fc and community bluewhiteandred

8:06pm Thu 17 Jan 13

billbst says...

A few weeks back I commented that Paolo had managed the recent changes well. Today I must say outstandingly! All those who say that Paolo will jump ship simply do not know the man's character. On the adm... (can't say it) there is obviously a lot going on that we know little about. JWray must have a very good reason for chipping in as he has. (Did he start it?) I hope it will go beyond his stake money and not just a personal spat with his former best mate.
A few weeks back I commented that Paolo had managed the recent changes well. Today I must say outstandingly! All those who say that Paolo will jump ship simply do not know the man's character. On the adm... (can't say it) there is obviously a lot going on that we know little about. JWray must have a very good reason for chipping in as he has. (Did he start it?) I hope it will go beyond his stake money and not just a personal spat with his former best mate. billbst

8:18pm Thu 17 Jan 13

Blazing Riff says...

bluewhiteandred wrote:
hi swindon fans
Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community
...thanks...ALL footie fans nationwide are in this together one way or another and we ALL need each others support. Hopefully we'll be ok but there's got to be a better way for clubs to be run.
[quote][p][bold]bluewhiteandred[/bold] wrote: hi swindon fans Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community[/p][/quote]...thanks...ALL footie fans nationwide are in this together one way or another and we ALL need each others support. Hopefully we'll be ok but there's got to be a better way for clubs to be run. Blazing Riff

8:30pm Thu 17 Jan 13

Another view says...

It's encouraging to read the supportive comments today from Bournmouth fans, and now one from Pompey. After all the noise and banter from the stands during a game, I'm sure most football fans in this country want to see all clubs prosper - OK apart from Man Ure and Chelski :-)
It's encouraging to read the supportive comments today from Bournmouth fans, and now one from Pompey. After all the noise and banter from the stands during a game, I'm sure most football fans in this country want to see all clubs prosper - OK apart from Man Ure and Chelski :-) Another view

8:43pm Thu 17 Jan 13

bluewhiteandred says...

Blazing Riff wrote:
bluewhiteandred wrote:
hi swindon fans
Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community
...thanks...ALL footie fans nationwide are in this together one way or another and we ALL need each others support. Hopefully we'll be ok but there's got to be a better way for clubs to be run.
Your welcome ..
In the premier league their is great rewards with tv money with this the premier league have implemented this disaster with the smaller clubs with no hope of achieving the big four honours and rewards unless they have the big four money for winning titles and cups !
This inturn has got players wages out of hand £ 20 000 to £50 000 per week in premier and their agents having big commission at the expense of most clubs right down to league division 2 .
[quote][p][bold]Blazing Riff[/bold] wrote: [quote][p][bold]bluewhiteandred[/bold] wrote: hi swindon fans Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community[/p][/quote]...thanks...ALL footie fans nationwide are in this together one way or another and we ALL need each others support. Hopefully we'll be ok but there's got to be a better way for clubs to be run.[/p][/quote]Your welcome .. In the premier league their is great rewards with tv money with this the premier league have implemented this disaster with the smaller clubs with no hope of achieving the big four honours and rewards unless they have the big four money for winning titles and cups ! This inturn has got players wages out of hand £ 20 000 to £50 000 per week in premier and their agents having big commission at the expense of most clubs right down to league division 2 . bluewhiteandred

8:54pm Thu 17 Jan 13

Blazing Riff says...

bluewhiteandred wrote:
Blazing Riff wrote:
bluewhiteandred wrote:
hi swindon fans
Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community
...thanks...ALL footie fans nationwide are in this together one way or another and we ALL need each others support. Hopefully we'll be ok but there's got to be a better way for clubs to be run.
Your welcome ..
In the premier league their is great rewards with tv money with this the premier league have implemented this disaster with the smaller clubs with no hope of achieving the big four honours and rewards unless they have the big four money for winning titles and cups !
This inturn has got players wages out of hand £ 20 000 to £50 000 per week in premier and their agents having big commission at the expense of most clubs right down to league division 2 .
Agents, greed, agents...and so it goes on and I guess we all suspected it would happen.
[quote][p][bold]bluewhiteandred[/bold] wrote: [quote][p][bold]Blazing Riff[/bold] wrote: [quote][p][bold]bluewhiteandred[/bold] wrote: hi swindon fans Sad another great club in financial troubles and possible administration i hope you dont suffer as pompey have we are almost their with the portsmouth supporters trust football finances must be run differently i hope you follow our route and have a community club owned by swindon fans and ground and club safe for ever as all rofits go ack in to club and community[/p][/quote]...thanks...ALL footie fans nationwide are in this together one way or another and we ALL need each others support. Hopefully we'll be ok but there's got to be a better way for clubs to be run.[/p][/quote]Your welcome .. In the premier league their is great rewards with tv money with this the premier league have implemented this disaster with the smaller clubs with no hope of achieving the big four honours and rewards unless they have the big four money for winning titles and cups ! This inturn has got players wages out of hand £ 20 000 to £50 000 per week in premier and their agents having big commission at the expense of most clubs right down to league division 2 .[/p][/quote]Agents, greed, agents...and so it goes on and I guess we all suspected it would happen. Blazing Riff

9:18pm Thu 17 Jan 13

SouthcoastRed says...

As a lifelong town fan I remain optimistic. I think we will find a buyer.

It is no secret that Black has desired to get out of the club for sometime. He must be feeling the pinch of austere times too. I am grateful for him bailing us out in dark times.

With hindsight, the clues were there to indicate that this was going to happen. SWP's appointment was odd at first, but now it makes sense. I'm sure his contacts in the Middle East and supposed diplomacy skills were in preparation for this day. Also, even relatively small things like the Risser being paid off pointed to a business reducing overheads to become a more attractive investment.

The word 'administrators' has very negative connotations and is associated with the winding down of a business and the stripping of assets.

In our scenario I believe the 'administrators' could be a real asset to us.
IMO, highly professional, experienced people, from one of the 'big four' finance companies, could be the best thing that has ever happened to our beloved club.

Putting my emotional attachment to one side, I genuinely believe that STFC is a phenomenal investment opportunity for the right company/individual.

STFC = massive catchment area. potentially hundreds of thousands of fans. no other big teams in a wide radius. on the verge of promotion. becoming an attractive brand with Pdc at the helm. A proud history. Plus 3x televised games coming up.

I believe this to be an 'easy sell'.

I pray that Black doesn't make any knee-jerk reactions, and waits with us patiently for the right buyer(s).

If ever there was a time to get behind the club... it is now. Support the boys and keep the PDC roller-coaster rolling on into the championship and future investment.

Billionaire tycoons will be fighting over themselves to buy us.
As a lifelong town fan I remain optimistic. I think we will find a buyer. It is no secret that Black has desired to get out of the club for sometime. He must be feeling the pinch of austere times too. I am grateful for him bailing us out in dark times. With hindsight, the clues were there to indicate that this was going to happen. SWP's appointment was odd at first, but now it makes sense. I'm sure his contacts in the Middle East and supposed diplomacy skills were in preparation for this day. Also, even relatively small things like the Risser being paid off pointed to a business reducing overheads to become a more attractive investment. The word 'administrators' has very negative connotations and is associated with the winding down of a business and the stripping of assets. In our scenario I believe the 'administrators' could be a real asset to us. IMO, highly professional, experienced people, from one of the 'big four' finance companies, could be the best thing that has ever happened to our beloved club. Putting my emotional attachment to one side, I genuinely believe that STFC is a phenomenal investment opportunity for the right company/individual. STFC = massive catchment area. potentially hundreds of thousands of fans. no other big teams in a wide radius. on the verge of promotion. becoming an attractive brand with Pdc at the helm. A proud history. Plus 3x televised games coming up. I believe this to be an 'easy sell'. I pray that Black doesn't make any knee-jerk reactions, and waits with us patiently for the right buyer(s). If ever there was a time to get behind the club... it is now. Support the boys and keep the PDC roller-coaster rolling on into the championship and future investment. Billionaire tycoons will be fighting over themselves to buy us. SouthcoastRed

9:20pm Thu 17 Jan 13

SouthcoastRed says...

Warwickshire Red wrote:
I am certain there is something in this story but nothing like as much as has been made of it in the media.

HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love.

SWP - Hang your head in shame.
I totally agree. As a man at the helm, supposedly showing 'leadership' how could he appear to give credence to comments that we are in a "dire" situation?!

Were supposed to be attracting buyers!!!
[quote][p][bold]Warwickshire Red[/bold] wrote: I am certain there is something in this story but nothing like as much as has been made of it in the media. HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love. SWP - Hang your head in shame.[/p][/quote]I totally agree. As a man at the helm, supposedly showing 'leadership' how could he appear to give credence to comments that we are in a "dire" situation?! Were supposed to be attracting buyers!!! SouthcoastRed

9:31pm Thu 17 Jan 13

Okus Road says...

SouthcoastRed wrote:
Warwickshire Red wrote:
I am certain there is something in this story but nothing like as much as has been made of it in the media.

HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love.

SWP - Hang your head in shame.
I totally agree. As a man at the helm, supposedly showing 'leadership' how could he appear to give credence to comments that we are in a "dire" situation?!

Were supposed to be attracting buyers!!!
Agree, just saw Nick Watkins on Sky Sports with a very positive interview, that's what the Chairman should have been saying.
Just wish we could get the 10k fans into the CG each game to give an even more positive message. I will be bringing 2 extra on Sat weather permitting as they are travelling up from Cardiff.
[quote][p][bold]SouthcoastRed[/bold] wrote: [quote][p][bold]Warwickshire Red[/bold] wrote: I am certain there is something in this story but nothing like as much as has been made of it in the media. HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love. SWP - Hang your head in shame.[/p][/quote]I totally agree. As a man at the helm, supposedly showing 'leadership' how could he appear to give credence to comments that we are in a "dire" situation?! Were supposed to be attracting buyers!!![/p][/quote]Agree, just saw Nick Watkins on Sky Sports with a very positive interview, that's what the Chairman should have been saying. Just wish we could get the 10k fans into the CG each game to give an even more positive message. I will be bringing 2 extra on Sat weather permitting as they are travelling up from Cardiff. Okus Road

9:31pm Thu 17 Jan 13

Okus Road says...

SouthcoastRed wrote:
Warwickshire Red wrote:
I am certain there is something in this story but nothing like as much as has been made of it in the media.

HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love.

SWP - Hang your head in shame.
I totally agree. As a man at the helm, supposedly showing 'leadership' how could he appear to give credence to comments that we are in a "dire" situation?!

Were supposed to be attracting buyers!!!
Agree, just saw Nick Watkins on Sky Sports with a very positive interview, that's what the Chairman should have been saying.
Just wish we could get the 10k fans into the CG each game to give an even more positive message. I will be bringing 2 extra on Sat weather permitting as they are travelling up from Cardiff.
[quote][p][bold]SouthcoastRed[/bold] wrote: [quote][p][bold]Warwickshire Red[/bold] wrote: I am certain there is something in this story but nothing like as much as has been made of it in the media. HOWEVER.... What really angers me is the way the voice of the Board (SWP) has conducted himself. He is suppost to be an experienced Diplomat who has worked in the most hostile of regions FFS. The way he has managed in the media is completely amateurish. Appauling timing (while we are trying to sell players), poor quality of information has brought an unwelcome and unnecessary spotlight on the club we love. SWP - Hang your head in shame.[/p][/quote]I totally agree. As a man at the helm, supposedly showing 'leadership' how could he appear to give credence to comments that we are in a "dire" situation?! Were supposed to be attracting buyers!!![/p][/quote]Agree, just saw Nick Watkins on Sky Sports with a very positive interview, that's what the Chairman should have been saying. Just wish we could get the 10k fans into the CG each game to give an even more positive message. I will be bringing 2 extra on Sat weather permitting as they are travelling up from Cardiff. Okus Road

9:49pm Thu 17 Jan 13

Stilloyal says...

The covers have been on since last Saturday so don't panic about that either.
The covers have been on since last Saturday so don't panic about that either. Stilloyal

9:52pm Thu 17 Jan 13

Stilloyal says...

My doctor told me to watch what I eat and then gave me tickets for the Grand National.
My doctor told me to watch what I eat and then gave me tickets for the Grand National. Stilloyal

10:01pm Thu 17 Jan 13

Oi Den! says...

madterrier wrote:
If Mr Black's money isn't good any more, maybe the team should come onto to the pitch to the tune of 'Mouldy Old Dough' by Lieutenant Pigeon, instead of 'Only Fools Rush In' or whatever it is we play over the crackly tanoy.
Excellent post terrier! Made me smile good n proper. Seriously though, it would be much better than that feeble effort we have to suffer at every game. If we have to stick to that song - stolen from Port Vale and Sunderland - why not the Andy Williams version? - much more appropriate in more ways than one.
[quote][p][bold]madterrier[/bold] wrote: If Mr Black's money isn't good any more, maybe the team should come onto to the pitch to the tune of 'Mouldy Old Dough' by Lieutenant Pigeon, instead of 'Only Fools Rush In' or whatever it is we play over the crackly tanoy.[/p][/quote]Excellent post terrier! Made me smile good n proper. Seriously though, it would be much better than that feeble effort we have to suffer at every game. If we have to stick to that song - stolen from Port Vale and Sunderland - why not the Andy Williams version? - much more appropriate in more ways than one. Oi Den!

10:13pm Thu 17 Jan 13

jayden says...

They have been selling burgers with horse meat for ages at the cg i should know as i have sufferd with a blazing saddle a few times......i thank you good night all.
They have been selling burgers with horse meat for ages at the cg i should know as i have sufferd with a blazing saddle a few times......i thank you good night all. jayden

10:41pm Thu 17 Jan 13

glasred says...

SWP was put at the helm in my opinion to take the flack away from A Black who does not want to front up the selling of his majority shareholding in the club.
Patey is hard nosed and used to dealing with being disliked as British representative in the likes of Iran.
In order for STFC to go into administration A Black would need to stop putting more funds into the club and allow it to run up debts to other creditors (which is not the case at the moment),and then someone would then have to call in there debt.
A Black is the majority shareholder...he cant call in money the club owes him,he can only try and sell his shareholding (which he is trying to do).
If no investors are found ,then players would be sold to pay ongoing bills (which so far A Black has been doing). We are a long way off administration,and I think new investers will come in shortly.
However like any business,if STFC is to survive in a solvent format in the long term,the club will have to generate its own finances,and not solely rely on investers. The 13 million debt tells the story that STFC is not paying its way.
This is the problem that needs to be addressed as we progress into the future.
SWP was put at the helm in my opinion to take the flack away from A Black who does not want to front up the selling of his majority shareholding in the club. Patey is hard nosed and used to dealing with being disliked as British representative in the likes of Iran. In order for STFC to go into administration A Black would need to stop putting more funds into the club and allow it to run up debts to other creditors (which is not the case at the moment),and then someone would then have to call in there debt. A Black is the majority shareholder...he cant call in money the club owes him,he can only try and sell his shareholding (which he is trying to do). If no investors are found ,then players would be sold to pay ongoing bills (which so far A Black has been doing). We are a long way off administration,and I think new investers will come in shortly. However like any business,if STFC is to survive in a solvent format in the long term,the club will have to generate its own finances,and not solely rely on investers. The 13 million debt tells the story that STFC is not paying its way. This is the problem that needs to be addressed as we progress into the future. glasred

10:49pm Thu 17 Jan 13

Psychedelic Syd says...

Paolo's reaction does him great credit. He often appears to rock the boat but this time he is doing his utmost to steady it. Principled person.
Paolo's reaction does him great credit. He often appears to rock the boat but this time he is doing his utmost to steady it. Principled person. Psychedelic Syd

10:52pm Thu 17 Jan 13

mancrobin says...

Interesting that few on here today have mentioned the Trust or keen to promote it. I think that's a shame because as John Ward has said, it maybe a long term aim but the more the fans own, the more any Board will have to take the fans (customers) into account.

I am certainly not in favour of criticising Andrew Black or any others that got us out of the financial mess we were in last time. If he wants to sell, let's find the solution that means we don't need this goodwill gesture in the future.

The best way forward in my view is for as many of us as possible to join the Trust and set up a 'Town End' fund. The Council could then give the Trust the freehold, the Trust could then seek a joint venture and we ( the fans) could own the Town End. A new owner could then either build on this investment or redevelop the Ground elsewhere if that was viable.

The redevelopment could also involve the controlled re-introduction of terracing, offering lower prices for fans, stopping people standing up in front off those who've paid for a seat and increasing the capacity.

If we own it, no-one can take the Town End.
Interesting that few on here today have mentioned the Trust or keen to promote it. I think that's a shame because as John Ward has said, it maybe a long term aim but the more the fans own, the more any Board will have to take the fans (customers) into account. I am certainly not in favour of criticising Andrew Black or any others that got us out of the financial mess we were in last time. If he wants to sell, let's find the solution that means we don't need this goodwill gesture in the future. The best way forward in my view is for as many of us as possible to join the Trust and set up a 'Town End' fund. The Council could then give the Trust the freehold, the Trust could then seek a joint venture and we ( the fans) could own the Town End. A new owner could then either build on this investment or redevelop the Ground elsewhere if that was viable. The redevelopment could also involve the controlled re-introduction of terracing, offering lower prices for fans, stopping people standing up in front off those who've paid for a seat and increasing the capacity. If we own it, no-one can take the Town End. mancrobin

11:02pm Thu 17 Jan 13

bearwoodred says...

Chatting to a couple of Birmingham City regulars tonight and they have a good theory. Not long ago an Italian consortium looked at buying out Carson Yeung and they apparently made it clear they wanted Di Canio in as they are good mates. These guys think they want to own a English side.

Maybe nonsense but there could be something in it!
Chatting to a couple of Birmingham City regulars tonight and they have a good theory. Not long ago an Italian consortium looked at buying out Carson Yeung and they apparently made it clear they wanted Di Canio in as they are good mates. These guys think they want to own a English side. Maybe nonsense but there could be something in it! bearwoodred

11:34pm Thu 17 Jan 13

swindont3 says...

Di Canio is an absolute god, the greatest manager ever to grace a Swindon dugout, Black thanks for saving us, but dont understand why of all times you'd want to back out now.

We have a top class manager, a very talented playing squad, from the outside what looks like a great dressing room, and the potential to rise through the divisions. I just hope you can find us some fantastic new owners like we thought we orginally had.

I for the life of me cant understand why he'd want to put us into administration how is a points deduction, probally the end of our promotion chances and a embargo going to attract new investers? I appreciate the past Mr Black but i feel very let down.

Keep us going! Keep our loanee's! Then sell!
Di Canio is an absolute god, the greatest manager ever to grace a Swindon dugout, Black thanks for saving us, but dont understand why of all times you'd want to back out now. We have a top class manager, a very talented playing squad, from the outside what looks like a great dressing room, and the potential to rise through the divisions. I just hope you can find us some fantastic new owners like we thought we orginally had. I for the life of me cant understand why he'd want to put us into administration how is a points deduction, probally the end of our promotion chances and a embargo going to attract new investers? I appreciate the past Mr Black but i feel very let down. Keep us going! Keep our loanee's! Then sell! swindont3

12:35am Fri 18 Jan 13

old town robin says...

swindont3 wrote:
Di Canio is an absolute god, the greatest manager ever to grace a Swindon dugout, Black thanks for saving us, but dont understand why of all times you'd want to back out now.

We have a top class manager, a very talented playing squad, from the outside what looks like a great dressing room, and the potential to rise through the divisions. I just hope you can find us some fantastic new owners like we thought we orginally had.

I for the life of me cant understand why he'd want to put us into administration how is a points deduction, probally the end of our promotion chances and a embargo going to attract new investers? I appreciate the past Mr Black but i feel very let down.

Keep us going! Keep our loanee's! Then sell!
As with every other prospective investor they have failed to get the upper hand with a very negative council and quite simply given up a losing battle.
[quote][p][bold]swindont3[/bold] wrote: Di Canio is an absolute god, the greatest manager ever to grace a Swindon dugout, Black thanks for saving us, but dont understand why of all times you'd want to back out now. We have a top class manager, a very talented playing squad, from the outside what looks like a great dressing room, and the potential to rise through the divisions. I just hope you can find us some fantastic new owners like we thought we orginally had. I for the life of me cant understand why he'd want to put us into administration how is a points deduction, probally the end of our promotion chances and a embargo going to attract new investers? I appreciate the past Mr Black but i feel very let down. Keep us going! Keep our loanee's! Then sell![/p][/quote]As with every other prospective investor they have failed to get the upper hand with a very negative council and quite simply given up a losing battle. old town robin

12:38am Fri 18 Jan 13

35 year fan says...

heres the technical explanation on the administration stories.

the clubs expenses are far higher than its income. therefore it is insolvent unless there is a wealthy shareholder ie mr black willing to bankroll it month to month. if black says he isnt prepared to keep doing that, and di canio has come out and confirmed that is the situation, the directors are legally obliged to stop trading and go into administration unless they think there is a very good chance of someone coming in quickly and taking the club on, debts, expenses and all.

no-one sane is going to pay money for the club at the moment with its high expenses compared to income and its huge debt to mr black. in fact they would be crazy to take it on in its current state for £1. on the other hand if it went into admin you could wave goodbye to all the expensive player contracts and the black debt and bingo its saleable again.

thats why the clubs future is administration for sure. for the fans its a points penalty, the expensive players leave and the game goes on. good luck.
heres the technical explanation on the administration stories. the clubs expenses are far higher than its income. therefore it is insolvent unless there is a wealthy shareholder ie mr black willing to bankroll it month to month. if black says he isnt prepared to keep doing that, and di canio has come out and confirmed that is the situation, the directors are legally obliged to stop trading and go into administration unless they think there is a very good chance of someone coming in quickly and taking the club on, debts, expenses and all. no-one sane is going to pay money for the club at the moment with its high expenses compared to income and its huge debt to mr black. in fact they would be crazy to take it on in its current state for £1. on the other hand if it went into admin you could wave goodbye to all the expensive player contracts and the black debt and bingo its saleable again. thats why the clubs future is administration for sure. for the fans its a points penalty, the expensive players leave and the game goes on. good luck. 35 year fan

1:25am Fri 18 Jan 13

swindonurock says...

I feel confident a buyer will be found in good time. It may not be the buyer we'd want (i.e. could be foreign) but far better that than to end up in the glue factory.

Truth is, if some wealthy investor wanted to buy STFC for £15m, then - while it sounds a lot of money to the average Joe - it's really pocket change to many investors.

I'm sure there are a number of such types who might be willing to take a bet on STFC; for somebody with a long-term view it could even be a good deal.
I feel confident a buyer will be found in good time. It may not be the buyer we'd want (i.e. could be foreign) but far better that than to end up in the glue factory. Truth is, if some wealthy investor wanted to buy STFC for £15m, then - while it sounds a lot of money to the average Joe - it's really pocket change to many investors. I'm sure there are a number of such types who might be willing to take a bet on STFC; for somebody with a long-term view it could even be a good deal. swindonurock

5:32am Fri 18 Jan 13

bowralbob says...

35 year fan wrote:
heres the technical explanation on the administration stories.

the clubs expenses are far higher than its income. therefore it is insolvent unless there is a wealthy shareholder ie mr black willing to bankroll it month to month. if black says he isnt prepared to keep doing that, and di canio has come out and confirmed that is the situation, the directors are legally obliged to stop trading and go into administration unless they think there is a very good chance of someone coming in quickly and taking the club on, debts, expenses and all.

no-one sane is going to pay money for the club at the moment with its high expenses compared to income and its huge debt to mr black. in fact they would be crazy to take it on in its current state for £1. on the other hand if it went into admin you could wave goodbye to all the expensive player contracts and the black debt and bingo its saleable again.

thats why the clubs future is administration for sure. for the fans its a points penalty, the expensive players leave and the game goes on. good luck.
If this is what is likely we can say goodbye to any future in the Championship, the team we have now has the best chance of obtaining promotion.
So unless Mr. black has a change of mind we are stuffed.
We need new investors, but it appears they are only wanted to pay out current shareholder debts not to take the club forward as has been the plan. I expect Mr. Black will be prepared to do whatever to get out of STFC.
Sad but we are in a very strange place right now, we have the team and best manager yet our owner is not willing to hang in there until we are promoted and things improve financially.
[quote][p][bold]35 year fan[/bold] wrote: heres the technical explanation on the administration stories. the clubs expenses are far higher than its income. therefore it is insolvent unless there is a wealthy shareholder ie mr black willing to bankroll it month to month. if black says he isnt prepared to keep doing that, and di canio has come out and confirmed that is the situation, the directors are legally obliged to stop trading and go into administration unless they think there is a very good chance of someone coming in quickly and taking the club on, debts, expenses and all. no-one sane is going to pay money for the club at the moment with its high expenses compared to income and its huge debt to mr black. in fact they would be crazy to take it on in its current state for £1. on the other hand if it went into admin you could wave goodbye to all the expensive player contracts and the black debt and bingo its saleable again. thats why the clubs future is administration for sure. for the fans its a points penalty, the expensive players leave and the game goes on. good luck.[/p][/quote]If this is what is likely we can say goodbye to any future in the Championship, the team we have now has the best chance of obtaining promotion. So unless Mr. black has a change of mind we are stuffed. We need new investors, but it appears they are only wanted to pay out current shareholder debts not to take the club forward as has been the plan. I expect Mr. Black will be prepared to do whatever to get out of STFC. Sad but we are in a very strange place right now, we have the team and best manager yet our owner is not willing to hang in there until we are promoted and things improve financially. bowralbob

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