SWINDON TOWN: Hall added to holding company board

Hall added to holding company board Hall added to holding company board

SWINDON Town’s holding company has a new director.

Gregory Hall was appointed to the Seebeck 87 Ltd board on Friday, joining current Town chairman Jed McCrory, general manager Steve Murrall, commercial director Gary Hooper and Callum Rice.

Hall has a background in carbon credit trading and currently holds directorships at City Project and UCS Trading, amongst others.

A request has been made to the club to provide an outline of Hall’s role at the County Ground, but as yet that has not been forthcoming.

Comments(104)

Stilloyal says...
10:04am Tue 19 Mar 13

Has he got any money ? is he going to make substantial financial donations to STFC ?

louiscassius says...
10:11am Tue 19 Mar 13

Check Google

Type in Greg Hall Carbon Credit....

Follow LINKEDIN has some of his Business background....

the don69 says...
10:12am Tue 19 Mar 13

Gregory Hall,Carbon Credit Trading what the hell is that?sounds very dodgy to me,think I'll get my boy's on that!!!!!!!

louiscassius says...
10:13am Tue 19 Mar 13

He we go, i'll copy some down:


CEO

City Project ltd



January 2009 – Present (4 years 3 months)

Global carbon offsets




Owner

Hotelier (Majorca)



April 2006 – January 2009 (2 years 10 months)

managing director




Fashion Trade

Fashion Industry



1979 – 1995 (16 years)

Head of sales

louiscassius says...
10:14am Tue 19 Mar 13

louiscassius wrote:
He we go, i'll copy some down:


CEO

City Project ltd



January 2009 – Present (4 years 3 months)

Global carbon offsets




Owner

Hotelier (Majorca)



April 2006 – January 2009 (2 years 10 months)

managing director




Fashion Trade

Fashion Industry



1979 – 1995 (16 years)

Head of sales
The whole team will be the best dressed team in League 1

Forget about promotion....

Just dress smart!!

louiscassius says...
10:16am Tue 19 Mar 13

Hey also found this about his company he works for:

City House Projects Ltd

For larger developments we have established City House Projects Ltd (CHPL) to provide all the services and commercial expertise necessary to deliver Rational House™projects.

Unlike other multidisciplinary teams, City House Projects Ltd is contracturally linked to the specialist supply chain. This means that CHPL is uniquely positioned to deliver the Rational House™ product.

The City House Projects Ltd partners, Davis Langdon an AECOM company and AECOM are leaders in their respective fields of Project and Cost Management, Engineering and Design.

Strategic design and planning is led by Architect Robert Dalziel Rational House™. He is supported through framework agreements with the CHPL partners who have jointly invested time in developing the product and its supply chain. Each company is also represented on the Board of CHPL through non-exec director roles with the directors representing Rational House

Click on the company logos below to see how they fit into the City House Projects Ltd team.

Could be interesting....

mallorca says...
10:18am Tue 19 Mar 13

he may have owned Hotel in Soller they had all kinds of problems

louiscassius says...
10:19am Tue 19 Mar 13

louiscassius wrote:
Hey also found this about his company he works for:

City House Projects Ltd

For larger developments we have established City House Projects Ltd (CHPL) to provide all the services and commercial expertise necessary to deliver Rational House™projects.

Unlike other multidisciplinary teams, City House Projects Ltd is contracturally linked to the specialist supply chain. This means that CHPL is uniquely positioned to deliver the Rational House™ product.

The City House Projects Ltd partners, Davis Langdon an AECOM company and AECOM are leaders in their respective fields of Project and Cost Management, Engineering and Design.

Strategic design and planning is led by Architect Robert Dalziel Rational House™. He is supported through framework agreements with the CHPL partners who have jointly invested time in developing the product and its supply chain. Each company is also represented on the Board of CHPL through non-exec director roles with the directors representing Rational House

Click on the company logos below to see how they fit into the City House Projects Ltd team.

Could be interesting....
They may be a link between this and Gregs City Projects too......London Redevelopment Company....

Jesus, could be to do with the Stadium redevelopment....

Wow.....lets not count our chickens just yet.....

jam1 says...
10:20am Tue 19 Mar 13

I'm not being funny but Carbon Trading businesses don't have the best reputations. Tend to be slightly cowboyish outfits. Just saying........

louiscassius says...
10:23am Tue 19 Mar 13

Gregory George Hall is British and was born in 1960. His first directorship was in 1993 with Balmoral Leisure Services Limited - he was 33 years old at the time. Catalyst Fx Ltd is his most recent non-secretarial directorship where he holds the position of "Director". The company was established 2011 and is based in E1w1lh.

Stilloyal says...
10:28am Tue 19 Mar 13

Ahh all clear now, this geezer is the missing link. He invests the balance of the £1.2 m , the F/L O.K it today and KMac gets four players down the C.G tomorrow morning.


Or ....................
................

madterrier says...
10:35am Tue 19 Mar 13

Strange. According to Dellam Corporate information, Hall holds only one directorship - Seebeck 87.

By contrast, McCrory holds 23 directorships, Hooper five and Murrall four.

Seebeck 87 was formed with just £1 of share capital - the absolute minimum for a limited company, and probably not even enough for all the directors to own even one share each unless the shares are valued at 5 pence each or something.

The company doesn't have to file accounts until September 2014, probably because as it was formed in December 2012 they chose a September year-end date so that by September 2013 that would only have traded for nine months, hence postponing the date by when they have to file annual accounts until 21 months from formation, so don't expect any insights soon.

All of these 'directors' are apparently paying themselves a salary from Swindon. If the overall budget is "the same" as with Black/Di Canio, yet there is no money for anything, then you wonder how much they are paying themselves.

I hope I am wrong, and I hope all comes good, with backers rather than bloodletters, but until more information is revealed by the new owners it's easy to see why so many people are sceptical. Very sceptical.

The new owners' communication is very poor, but that's probably because they don't want to tell us.

I would like to see the Football League be more open with supporters - perhaps through each club's Trust - as to what the due diligence process revealed when a takeover happens, what the strategy is that they approved, as well as why embargoes are put in place. Because otherwise as fans we are helpless to watch on, unsure whether our club is being milked dry, or managed by people with good intentions but no experience.

It's OK the Football League wanting to bring in more financial fair play regulation, but I think they also have a moral obligation to football fans generally to share with us what is happening.

Stilloyal says...
10:37am Tue 19 Mar 13

My team for tonight .

Fodders,
J.Mac, Wardy, Devera, Thommo,
William r/ m Macca holding, Ferry Robbo l/m

Collo or A.Rooney and Raffa striking.


Lets get this team balanced again.

louiscassius says...
10:44am Tue 19 Mar 13

madterrier wrote:
Strange. According to Dellam Corporate information, Hall holds only one directorship - Seebeck 87.

By contrast, McCrory holds 23 directorships, Hooper five and Murrall four.

Seebeck 87 was formed with just £1 of share capital - the absolute minimum for a limited company, and probably not even enough for all the directors to own even one share each unless the shares are valued at 5 pence each or something.

The company doesn't have to file accounts until September 2014, probably because as it was formed in December 2012 they chose a September year-end date so that by September 2013 that would only have traded for nine months, hence postponing the date by when they have to file annual accounts until 21 months from formation, so don't expect any insights soon.

All of these 'directors' are apparently paying themselves a salary from Swindon. If the overall budget is "the same" as with Black/Di Canio, yet there is no money for anything, then you wonder how much they are paying themselves.

I hope I am wrong, and I hope all comes good, with backers rather than bloodletters, but until more information is revealed by the new owners it's easy to see why so many people are sceptical. Very sceptical.

The new owners' communication is very poor, but that's probably because they don't want to tell us.

I would like to see the Football League be more open with supporters - perhaps through each club's Trust - as to what the due diligence process revealed when a takeover happens, what the strategy is that they approved, as well as why embargoes are put in place. Because otherwise as fans we are helpless to watch on, unsure whether our club is being milked dry, or managed by people with good intentions but no experience.

It's OK the Football League wanting to bring in more financial fair play regulation, but I think they also have a moral obligation to football fans generally to share with us what is happening.
Dont understand the accounts legally thingy, but hey liked the post about the FL openess with the fans....

redshaun says...
10:46am Tue 19 Mar 13

Welcome Mr Hall

Hope you are able to bring something wor£hwi£e to the table.£££££

Graham8181 says...
10:49am Tue 19 Mar 13

Stilloyal wrote:
My team for tonight .

Fodders,
J.Mac, Wardy, Devera, Thommo,
William r/ m Macca holding, Ferry Robbo l/m

Collo or A.Rooney and Raffa striking.


Lets get this team balanced again.
Thompson isn't playing tonight called up for Wales, just what we needed

umpcah says...
10:52am Tue 19 Mar 13

Graham8181 wrote:
Stilloyal wrote:
My team for tonight .

Fodders,
J.Mac, Wardy, Devera, Thommo,
William r/ m Macca holding, Ferry Robbo l/m

Collo or A.Rooney and Raffa striking.


Lets get this team balanced again.
Thompson isn't playing tonight called up for Wales, just what we needed
I think he meant Nathan Thompson but he is injured.

Stilloyal says...
10:53am Tue 19 Mar 13

Graham8181 wrote:
Stilloyal wrote: My team for tonight . Fodders, J.Mac, Wardy, Devera, Thommo, William r/ m Macca holding, Ferry Robbo l/m Collo or A.Rooney and Raffa striking. Lets get this team balanced again.
Thompson isn't playing tonight called up for Wales, just what we needed
I thought that was L.Thompson, apologies. Then we need Macca r/b and keep Miller in holding

Stilloyal says...
10:57am Tue 19 Mar 13

Stilloyal wrote:
Graham8181 wrote:
Stilloyal wrote: My team for tonight . Fodders, J.Mac, Wardy, Devera, Thommo, William r/ m Macca holding, Ferry Robbo l/m Collo or A.Rooney and Raffa striking. Lets get this team balanced again.
Thompson isn't playing tonight called up for Wales, just what we needed
I thought that was L.Thompson, apologies. Then we need Macca r/b and keep Miller in holding
Nope def says L.Thompson on the other thread so I'll stick with Nathan at r/b I havn't seen anywhere that he is injured.

madterrier says...
11:01am Tue 19 Mar 13

Hi Louis,

Essentially it means that the company that owns Swindon Town Football Club only has £1 in it, and they don't have to reveal what the income/expenditure/l
osses etc. are for another eighteen months.

But I'm more worried (as you should be) about you maybe having to cut off your testicles with a spoon!

ghanimah says...
11:05am Tue 19 Mar 13

Hall is also a Director of Carvier Limited. Readers on here may want to Google that...it doesn't make for happy reading

Rogersforengland says...
11:24am Tue 19 Mar 13

Isn't where they filmed Benidorm....lol This guy will have no more money than the other we know about, it's the 2 still unknown dudes that hold the purse strings IMO

MITTED says...
11:33am Tue 19 Mar 13

Doesn't smell good, does it? It is exactly this sort of thing that is delaying my season ticket renewal. And before I get accussed of not be a real fan, I am concerned that my money will disappear along with the club before next season kicks off.

Wouldn't it be nice just to have one day when all we have to think about is the game tonight?

COYR

the wizard says...
11:36am Tue 19 Mar 13

ghanimah wrote:
Hall is also a Director of Carvier Limited. Readers on here may want to Google that...it doesn't make for happy reading
Just read this as well,

http://www.thisismon
ey.co.uk/money/exper
ts/article-2166903/T
ONY-HETHERINGTON-Car
bon-credit-cowboys-r
ise-ashes.html


IMO, sounds like very dodgy dealings, if you get shut down by the Government then that speaks for itself, and now he is a director of our club !!!!!

The Warlock says...
11:36am Tue 19 Mar 13

SHOULD OF GOT A RUSSIAN! YOU SHOULD OF GOT A RUSSIAN! UTCIAD!

the wizard says...
11:38am Tue 19 Mar 13

Rogersforengland wrote:
Isn't where they filmed Benidorm....lol This guy will have no more money than the other we know about, it's the 2 still unknown dudes that hold the purse strings IMO
And in Benidorm the old girl in the wheelchair told one bloke he couldn't aim his p155 into a pot, starting to sound familiar.

Oi Den! says...
11:41am Tue 19 Mar 13

madterrier wrote:
Strange. According to Dellam Corporate information, Hall holds only one directorship - Seebeck 87.

By contrast, McCrory holds 23 directorships, Hooper five and Murrall four.

Seebeck 87 was formed with just £1 of share capital - the absolute minimum for a limited company, and probably not even enough for all the directors to own even one share each unless the shares are valued at 5 pence each or something.

The company doesn't have to file accounts until September 2014, probably because as it was formed in December 2012 they chose a September year-end date so that by September 2013 that would only have traded for nine months, hence postponing the date by when they have to file annual accounts until 21 months from formation, so don't expect any insights soon.

All of these 'directors' are apparently paying themselves a salary from Swindon. If the overall budget is "the same" as with Black/Di Canio, yet there is no money for anything, then you wonder how much they are paying themselves.

I hope I am wrong, and I hope all comes good, with backers rather than bloodletters, but until more information is revealed by the new owners it's easy to see why so many people are sceptical. Very sceptical.

The new owners' communication is very poor, but that's probably because they don't want to tell us.

I would like to see the Football League be more open with supporters - perhaps through each club's Trust - as to what the due diligence process revealed when a takeover happens, what the strategy is that they approved, as well as why embargoes are put in place. Because otherwise as fans we are helpless to watch on, unsure whether our club is being milked dry, or managed by people with good intentions but no experience.

It's OK the Football League wanting to bring in more financial fair play regulation, but I think they also have a moral obligation to football fans generally to share with us what is happening.
Terrier, I agree wholeheartedly with everything you say. I think the League tends to guard its relationship with member clubs very closely. In some ways this is admirable - there has to be a high level of trust between them. But should that override everything else, including the wishes of supporters to be kept informed about how their club is being run? I don't think so.

It's all very well people saying "clubs don't need to tell the fans what's going on", but look at the posts on the other thread today. There are loyal supporters who've decided not to go tonight because they feel disillusioned by the lack of openness from the club. I fear that is just the tip of the iceberg. If the likes of McCrory are only prepared to speak in riddles to the fans, maybe it's time for the Football League to change its policy.

sagadude says...
11:44am Tue 19 Mar 13

The Warlock wrote:
SHOULD OF GOT A RUSSIAN! YOU SHOULD OF GOT A RUSSIAN! UTCIAD!
Oh no!.

The Bournemouth nutter has escaped out of Branksome mental home again.

Ian13 says...
11:56am Tue 19 Mar 13

A request has been made to the club to provide an outline of Hall’s role at the County Ground, but as yet that has not been forthcoming. - if this request was made by the FL it will hold things up further. If it's from The S. Advertiser no matter.
How come we can bring Directors in and players out but NOT players in!

madterrier says...
12:01pm Tue 19 Mar 13

the wizard wrote:
ghanimah wrote:
Hall is also a Director of Carvier Limited. Readers on here may want to Google that...it doesn't make for happy reading
Just read this as well,

http://www.thisismon

ey.co.uk/money/exper

ts/article-2166903/T

ONY-HETHERINGTON-Car

bon-credit-cowboys-r

ise-ashes.html


IMO, sounds like very dodgy dealings, if you get shut down by the Government then that speaks for itself, and now he is a director of our club !!!!!
There are 'orthodox' carbon credit trading companies, although many of them have gone tits up, or at least pointing their nipples skywards. Carvier and its parent/sister companies sound like those investment scams that sell 'guaranteed' investments in rainforests to OAPs and then run off with the dosh.

I think these developments at board level are very worrying.

When you consider the plight of Glasgow Rangers, it's a macrocosm of football and Western Governments. Mortgaging the future by stealing tomorrow's revenues to pay for the ambitions of today. Nothing new there, and the new owners have said they want to prevent that happening. But are they? Maybe by selling players in the summer and not renewing contracts they will be.

Among other things Rangers used future season ticket sales to pay for players' wages in the present, and we all know what happened next. I would be very reluctant in investing money in a season ticket for next year, if it could prove to be worthless.

All the more reason for the new owners to be transparent about the finances now - and not in eighteen months' time when Seebeck 87 next has to file annual accounts.

- How much debt is still in the club? (Fitton's debt?)

- What are the 'unseen events' that are keeping the club in embargo?

- How much is this ever-increasng circle of board members paying themselves?

- How on earth do they hope to maintain this season's budget at the same level as it was under Black/PDC?

- Who, if anyone, is backing the club financially?

- Are they looking to sell on the club to new investors, and over what timeframe?

If they don't answer some of these questions, I don't blame season ticket holders for keeping their hands in their pockets.

MunichRed says...
12:08pm Tue 19 Mar 13

jam1 wrote:
I'm not being funny but Carbon Trading businesses don't have the best reputations. Tend to be slightly cowboyish outfits. Just saying........
I'm not normally cynical, but company websites that feature "upcoming events" that took place a year ago don't fill me with confidence.

Sentences like "Voluntary Carbon Standard Project Design Document under development utilizing CDM methodology" can be read as BS.
A lot of bad press too from the more responsible financial advice websites.

Is Mr Hall bringing added value to the board, or is it just another salary and free seats for his mates? I'll be pleased if it's the former.

I'll still be watching the game tonight with other Town fans in Kennedy's bar in Munich, our glasses starting off full...

pug ugly says...
12:17pm Tue 19 Mar 13

He has been involved in a number of companies where they have closed (or been closed) down with, surprise, surprise all the money gone.

Started with land banks - where companies buy cheap brownfield sites, sell plots of it to gullible investors with the promise of a fast buck when the land gets full planning permission - which, of course, it never does.

Investor's money than miraculously disappears.

The scammers have now moved on from this as the regulatory heat got turned up and are now applying their sordid minds to to this carbon credits con.

As a football club generates a fair amount of cash - matchday sales, season ticket sales, player transfers etc) it would be a prime target for lowlife scum

louiscassius says...
12:18pm Tue 19 Mar 13

madterrier wrote:
Hi Louis,

Essentially it means that the company that owns Swindon Town Football Club only has £1 in it, and they don't have to reveal what the income/expenditure/l

osses etc. are for another eighteen months.

But I'm more worried (as you should be) about you maybe having to cut off your testicles with a spoon!
Oh thanks Terrier,

It sounds very complicated and all secret skull dugerary stuff...

I dont like this bit of football.

Why has football become the new boxing.....???

Is it the money??

Seems that football is the dodgyiest thing going and the laws are there to be flounted with .....

If indeed you have the specialist know how.....

Sad days i fear are looming again.....

But hey, Good job we are STFC......we're used to em!!!

Bring it on!!!

Louis :-)))

glasred says...
12:39pm Tue 19 Mar 13

I think that the transfer embargo will only be lifted when the FL has done its "credit check" on Gregory Hall. Thats what is causing the delay.
Nice to hear the truth of the matter coming from King Jed though, when he can bring himself to pass the info on to us lowly supporters!!!

ciclosporindorset says...
12:39pm Tue 19 Mar 13

I fear once again this column has created a whole life and story of its own. If you don't have the story - make one up. I so wish we can focus on the team for tonight! No change from last time out imo

mallorca says...
12:50pm Tue 19 Mar 13

In one respect just maybe the FL are doing Swindondon Town a favour.They just may have madea mistake with this new lot and are playing it safe.

Of course we all may be wrong and there doing what they can.
However without a staement from them it makes you thinke.Plus all rumours and speculation etc,when Rithchie money has gone what then????

It´s hard for us to have faith as so many many times we have been messed on.

Partof me wants it to all work out,however the longer this goes on the more i smell a Rat,if what they say is true they got the club for a pound and rithie sale has kept things ticking over plus season ticket sales,if the s--t hits the fans we will end up in none leauge football thats if they would accept us.

Some posters do not realise how serious this could be I hope my feelings are way off,as I guess all of you do.
As for results am amazed how well the team is trying and most of sll you TOWN supporters who shell out your hard earned money

SSTM99 says...
12:57pm Tue 19 Mar 13

I am an avid reader of the forums on this site but a first time poster. This article has prompted me to register as a contributor as I am concerned by the stories emanating from our club. I have supported the team since I was 8 and have watched Swindon on a regular basis from that point onwards. During this time we have seen a number of irresponsible owners becoming involved in the club for their own obvious gain. Whilst I can't support how Andrew Black exited the club you have to acknowledge that he put a lot of his own money into it and actively supported one of the most exciting and interesting periods I have known. Without this cash we would potentially not have survived and would probably not be in the play off positions in League 1. However, the rush job that has ensued to get new owners in has created the potential for people to access a well established asset and exploit it for their own gain.

I do not believe our current set of investors have got involved for the 'love of football'. They have surely got into it to make a return. What is unclear is whether it is a short term gain of being paid large amounts for their involvement with STFC or a long term one where they benefit through the move away from the County Ground and a new ground. Jed's judgement must be questioned whether he should be running a multi-million pound community asset given the appointment of this particular Director. As other posters have mentioned the Carbon company Gregory Hall is a director of is associated with dubious characters that have had other companies shut down by the High Court (in the public interest) and City Property has just issued a dissolution notice - www.duedil.com list a summary as 'City Project Limited was incorporated on 28 Oct 2008. The company's status is 'Dissolution Notice Issued', with one director. Gregory Hall is City Project Limited's sole shareholder. They have no known group companies. City Project Limited have total assets of £0 plus total liabilities of £164,889. Their book value is £-28,322, and the value of their shareholders' fund is £-28,322'. I really wanted this to work out so we could focus on the players not back room issues but I am really concerned. Apologies for the lengthy post but I hope it is useful.

louiscassius says...
1:19pm Tue 19 Mar 13

SSTM99 wrote:
I am an avid reader of the forums on this site but a first time poster. This article has prompted me to register as a contributor as I am concerned by the stories emanating from our club. I have supported the team since I was 8 and have watched Swindon on a regular basis from that point onwards. During this time we have seen a number of irresponsible owners becoming involved in the club for their own obvious gain. Whilst I can't support how Andrew Black exited the club you have to acknowledge that he put a lot of his own money into it and actively supported one of the most exciting and interesting periods I have known. Without this cash we would potentially not have survived and would probably not be in the play off positions in League 1. However, the rush job that has ensued to get new owners in has created the potential for people to access a well established asset and exploit it for their own gain.

I do not believe our current set of investors have got involved for the 'love of football'. They have surely got into it to make a return. What is unclear is whether it is a short term gain of being paid large amounts for their involvement with STFC or a long term one where they benefit through the move away from the County Ground and a new ground. Jed's judgement must be questioned whether he should be running a multi-million pound community asset given the appointment of this particular Director. As other posters have mentioned the Carbon company Gregory Hall is a director of is associated with dubious characters that have had other companies shut down by the High Court (in the public interest) and City Property has just issued a dissolution notice - www.duedil.com list a summary as 'City Project Limited was incorporated on 28 Oct 2008. The company's status is 'Dissolution Notice Issued', with one director. Gregory Hall is City Project Limited's sole shareholder. They have no known group companies. City Project Limited have total assets of £0 plus total liabilities of £164,889. Their book value is £-28,322, and the value of their shareholders' fund is £-28,322'. I really wanted this to work out so we could focus on the players not back room issues but I am really concerned. Apologies for the lengthy post but I hope it is useful.
DOOOOOMMMMEDDDDD

louiscassius says...
1:21pm Tue 19 Mar 13

Why does this keep happening to us.....

What is it that people hate so much that they want to come into our beloved community and **** it all up and walk away with a few extra quid in their pocket......

Maybe, just maybe...

The FL smell a RAT too...

Thats why they are holding back on certain things and are conducting their own internal investigation into Jed and his merry men???

Who knows...???

But, hey now back to tonight....

4 - 1 to the Town BOOMMMM !!

louiscassius says...
1:27pm Tue 19 Mar 13

That Steve Murrall looks as shifty as they come....

Love that picture from the other day.....

Did him no favours at all....lol.

I think what Ian said weeks ago is starting to come true....there was something that all us fans couldnt put our finger on.......

Does anyone have that twitter on at the mo??

Whats that Jed said??

Has he mentioned anything about the Club this week??

madterrier says...
1:30pm Tue 19 Mar 13

SSTM99,

I have reluctantly come to this same conclusion. There is no evidence to the contrary that they are noting but a bunch of chancers, out to extract from the club and the situation whatever they can.

If I were a season ticket holder (and I'm not, I live in London) I would NOT be renewing it right now as you may never see your money again. That does not mean you are not supporting your club - it means you want to see where your club is first.

We all feel a bit helpless here, and I fear that the dreaded 'A' word may rear its ugly head again in the not-too-distant future. I have a very uncomfortable feeling about this new lot, and would be happy to see them out of Swindon as soon as possible. I am worried they will leave the club in a far worse position than in which they found it.

It would be good to hear a bit more from Andrew Black as to what financial position he did leave the club in and what debts remained etc. but we're unlikely too and it ain't going to make much difference anyway. Just would like to know.

Meanwhile I don't see any harm in lobbying the Football League (i.e. people write to them). In this brave new world of financial fair play, we do need openness from them so that the fans have a better understanding of what is going on with their club.

STFCSteve1980 says...
1:32pm Tue 19 Mar 13

If what people are worrying about (ie FL could possibly smell a rat), where would that leave us if they do actually find issues with the owners? Could they force them out? if so, where would that leave STFC?

grove red says...
1:42pm Tue 19 Mar 13

Jed tweeted that his brothers wife just had a baby. At least the embargo didn't delay that.

MITTED says...
1:43pm Tue 19 Mar 13

All very gloomy today but some very sensible and thought provoking posts dispite what whathisnameindorset says.

The sound of silence from the Board is deafening. Did they honestly think that fans would not do their homework on the new board-member? The unanswered questions are piling up.

Anyway, here's to 3 points tonight.
COYR

smirg kcab says...
1:43pm Tue 19 Mar 13

Appleton sacked at Blackburn 4th to go this season.
At least we won't have that problem,
Onwards and upwards
Good luck tonight 3 points a must

louiscassius says...
1:47pm Tue 19 Mar 13

MITTED wrote:
All very gloomy today but some very sensible and thought provoking posts dispite what whathisnameindorset says.

The sound of silence from the Board is deafening. Did they honestly think that fans would not do their homework on the new board-member? The unanswered questions are piling up.

Anyway, here's to 3 points tonight.
COYR
My thoughts excactly.

Here's to 3 big ones....

I'm refusing to drink tonight.

I fear we all may need our wits about us towards the end of the week, as this news unfolds.....daily...


I wouldnt be surprised if the FL throw Jed and his merry men out. Banning them from owning a football Club; and all the sorry secrets follow next week.

Then STFC will be at mercy of the FL and i prey we just stay in the Football League itself.......

I'm happy with League 2.....

Remember, what ever comes out by friday.....

We are STFC......

COYR'sssss]

Always !!!

louiscassius says...
1:48pm Tue 19 Mar 13

louiscassius wrote:
MITTED wrote:
All very gloomy today but some very sensible and thought provoking posts dispite what whathisnameindorset says.

The sound of silence from the Board is deafening. Did they honestly think that fans would not do their homework on the new board-member? The unanswered questions are piling up.

Anyway, here's to 3 points tonight.
COYR
My thoughts excactly.

Here's to 3 big ones....

I'm refusing to drink tonight.

I fear we all may need our wits about us towards the end of the week, as this news unfolds.....daily...



I wouldnt be surprised if the FL throw Jed and his merry men out. Banning them from owning a football Club; and all the sorry secrets follow next week.

Then STFC will be at mercy of the FL and i prey we just stay in the Football League itself.......

I'm happy with League 2.....

Remember, what ever comes out by friday.....

We are STFC......

COYR'sssss]

Always !!!
* Pray.........silly fingers

Med Red says...
1:51pm Tue 19 Mar 13

Having read other posters comments about Hall, it would seem he might be considered to be a bit of a dodgy character. So what does that tell you about Jeddy-boy and his cronies, inviting someone like Hall to become a director. Asset stripping chancers out to profit from whatever and whoever they can sell and then scarper, I wonder????

McCrory worries me... BIG-TIME!!

louiscassius says...
2:02pm Tue 19 Mar 13

I see that one of the directors Hooper's partner Cherry Newbery was the personal secretary of Jayten, the guy who put Luton into Administration.....

This just gets better and better......

Its like a heard of people going round striking at will, striping Clubs of their assets, place them into Admin and walking away, 250k for you, 250k for me....right, lets do one......

Someone in the FL must smell a rat somewehere.....

Didnt Jed try and buy Luton?? Didnt the FL tell him to sling his hook.....

Mind you the FL hate us anyway, thats probably why they agreed for Jed to take over, knowing that he would kill us off......

the wizard says...
2:24pm Tue 19 Mar 13

B R E A K I N G N E W S

STFC maintenance men seen in B & Q buying large urinals for installation in the board room, so each board member will have his own pot to p155 in. LOL.


Seems Kevin has also been sold down the river, have to feel for the guy, probably feels hoodwinked.

smirg kcab says...
2:25pm Tue 19 Mar 13

louiscassius wrote:
I see that one of the directors Hooper's partner Cherry Newbery was the personal secretary of Jayten, the guy who put Luton into Administration.....

This just gets better and better......

Its like a heard of people going round striking at will, striping Clubs of their assets, place them into Admin and walking away, 250k for you, 250k for me....right, lets do one......

Someone in the FL must smell a rat somewehere.....

Didnt Jed try and buy Luton?? Didnt the FL tell him to sling his hook.....

Mind you the FL hate us anyway, thats probably why they agreed for Jed to take over, knowing that he would kill us off......
Lou Lou
And you said I was the only one to be negative?
That noose could be flexible as I might need it after you.
Onwards and upwards

TheDukeOfBanbury says...
2:27pm Tue 19 Mar 13

This is nothing new following this club for the number of years I have.

It wasn't that long ago this season (after the Shrewsbury game in the snow) that I walked back to the station disappointed we only scored 2 goals !! and won 2-0.

This was the peak of this season, in footballing terms, "we were on fire" and like and unstoppable train.

So what has changed, virtually everything. Our Management team - gone. Our Boardroom team - gone and once again Mr T Embargo hangs over our club.

.....but we survive (for now).
To be honest I don't get carried away anymore as when ever things look great on the outside and from a Supporters perspective we simply go "bump" and fall back down to earth.

All we want is to be kept informed. Surely we deserve that. We are more resilient than the average footy fan, we have had to be.

I will be renewing my season ticket before the end of the month as if nothing different is happening.........I urge any member of the Board if they are reading this just be honest with us and say it as it is.

louiscassius says...
2:31pm Tue 19 Mar 13

smirg kcab wrote:
louiscassius wrote:
I see that one of the directors Hooper's partner Cherry Newbery was the personal secretary of Jayten, the guy who put Luton into Administration.....

This just gets better and better......

Its like a heard of people going round striking at will, striping Clubs of their assets, place them into Admin and walking away, 250k for you, 250k for me....right, lets do one......

Someone in the FL must smell a rat somewehere.....

Didnt Jed try and buy Luton?? Didnt the FL tell him to sling his hook.....

Mind you the FL hate us anyway, thats probably why they agreed for Jed to take over, knowing that he would kill us off......
Lou Lou
And you said I was the only one to be negative?
That noose could be flexible as I might need it after you.
Onwards and upwards
Hey buddy,

You were right all along by the looks of things mate.

Mind you Ian was with you on this lot, when they first came in and he saw them in the directors lounge all p1ssed up swearing like fisher wives, he said something didnt look or sound right...

You both must have a sixth sense buddy....

I just hope we are still playing league football next season...dont care if its league 2...as long as we have a Club to support....

Outwards and Sidewards

lol

Louis :-)))

louiscassius says...
2:40pm Tue 19 Mar 13

A CONSORTIUM fronted by Jed McCrory made an approach to take over Cheltenham Town, chairman Paul Baker has revealed.

Banbury United owner McCrory and a group of investors are currently in the process of buying League One Swindon Town.

Cheltenham Town chairman Paul Baker

They are set to buy around 75 per cent of the shareholding in the County Ground club from Andrew Black.

Speaking in an exclusive live web chat with the Echo yesterday, Baker said the fact the proposed investment would have made McCrory's consortium majority stakeholders at Whaddon Road led to the club declining their advances.

We did have an approach from the consortium who are now at Swindon, but we weren't convinced and you have to be very careful," Baker said.

"You have to be very thorough with your due diligence and the fact they want to become the controlling stake holders was a problem."

See even others knew this guy was no good...

F*cky F*ck F*ck !!!!

lacey198 says...
2:41pm Tue 19 Mar 13

*****BREAKING NEWS****

Mute board add Michael Diamandis to the holding company.

:)

louiscassius says...
2:44pm Tue 19 Mar 13

lacey198 wrote:
*****BREAKING NEWS****

Mute board add Michael Diamandis to the holding company.

:)
Hahaha;

Do you know what.....

The more i think about it, the more i keep thinking i want Jed outta our Club.....NOW!!!

I'd rather something honest, and good for the people of Swindon......

I dont care what leagues thats in......like Aldershot

From the Ashes, something amazing will emerge.........

I hope Jed gets found out for the lying schemer that he seems to be.........

BillyLucas4me says...
2:49pm Tue 19 Mar 13

The Warlock says...
11:36am Tue 19 Mar 13

SHOULD OF GOT A RUSSIAN! YOU SHOULD OF GOT A RUSSIAN! UTCIAD!”

We should HAVE got a Russian perhaps We should HAVE got a Russian perhaps
We should HAVE got a Russian perhaps

Are you a PURTON Warlock?

mallorca says...
3:07pm Tue 19 Mar 13

what happens if the FL decided that the new owners are not now fit persons to run STFC?????Because the more rumours/speculation does paint a very black picture of these new ownwers fact that looks as if there SKINT and are in it to make a few$$$$$$$ then put stfc into admin perhaps this is why the FL are stalling.
Still we may all be totally wrong,however no statement makes you wonder

smirg kcab says...
3:10pm Tue 19 Mar 13

God knows the mess we would be in if the currant board wasn't football fans lol.
Onwards and upwards
Just had a tenner on wilma hat trick.
Just hit the onion bag 3 times wilma, not much to ask is it?

Mikeyg107 says...
3:23pm Tue 19 Mar 13

Reading all the comments on here and doing a bit of research myself - nothing fills me with any confidence regarding this, and I see the situation as he's clearly been added to the board at this later date as he probably wouldn't have passed the 'proper person's' test from the FL.

Carbon Credits are basically stealth taxes or a tax on oxygen. More a sneaky nasty venture than an actual business venture.

This board seems a bit familiar to the cowboys of the past......... but we are wise to the games....let's not let it happen again!!

3-2 town tonight...I hope - at the county ground for curry and a pint (£6)!

Oi Den! says...
3:31pm Tue 19 Mar 13

Slightly different tack... I think Fitton was the unluckiest of our three chairmen under the old regime.

Wray was brilliant in many ways but I think shares a large measure of responsibility for where we are now because of his constant acceding to PDC's requests. Black got fed up with Wray's yes-man approach to PDC and consequently wanted to replace him with a dispassionate hatchet man. Patey lived up to the role perfectly. Fitton, though, was the man who had to start the ball rolling. It's easy to say with hindsight that Malpas was a bad appointment but the only complaints about him at the time were that he was an unknown quantity. It didn't work out, but nobody knew for sure that it wouldn't. And, despite all that, if Wilson had not failed so spectacularly in 09/10 with a very good side, Fitton would have been hailed as a hero, as he was when he joined the club of course. Greer would not have gone to Brighton, who would have been a division lower than us, and we may well have established ourselves as a Championship club.

Fitton: the man who saved us but who did not get the rub of the green.

the wizard says...
3:36pm Tue 19 Mar 13

Den,
So how does that leave Black, he didn't want to leave a car crash, now we are looking at the aftermath of the car crash, its called the scrapyard.

burley01rs says...
3:40pm Tue 19 Mar 13

I thought the buyers were checked out.

louiscassius says...
3:43pm Tue 19 Mar 13

Oi Den! wrote:
Slightly different tack... I think Fitton was the unluckiest of our three chairmen under the old regime.

Wray was brilliant in many ways but I think shares a large measure of responsibility for where we are now because of his constant acceding to PDC's requests. Black got fed up with Wray's yes-man approach to PDC and consequently wanted to replace him with a dispassionate hatchet man. Patey lived up to the role perfectly. Fitton, though, was the man who had to start the ball rolling. It's easy to say with hindsight that Malpas was a bad appointment but the only complaints about him at the time were that he was an unknown quantity. It didn't work out, but nobody knew for sure that it wouldn't. And, despite all that, if Wilson had not failed so spectacularly in 09/10 with a very good side, Fitton would have been hailed as a hero, as he was when he joined the club of course. Greer would not have gone to Brighton, who would have been a division lower than us, and we may well have established ourselves as a Championship club.

Fitton: the man who saved us but who did not get the rub of the green.
Well said. 09/10 season...missed grear, morrison and austin.....

but, to be fair,they were all replacable. it's just we didnt !!

Remember getting grear i think from when Donny Rovers went up or year after and he was surplus to their requirments....

Austin - well we know Howe wanted him first, but at the time they themselves were under the same embargo.....our gain.

Morrison, where is he now???

Reading - Premiership and getting games even if its for 2 mins...lol.

Bring back the old days of finding and developing talent; get a nice old ritch dude who loves us......lol

Oi Den! says...
3:49pm Tue 19 Mar 13

the wizard wrote:
Den,
So how does that leave Black, he didn't want to leave a car crash, now we are looking at the aftermath of the car crash, its called the scrapyard.
Wiz, I think Black probably left the club in far healthier state than it had been for decades. It's just unfortunate that nobody of any substance wanted to buy it. If McCrory and co were the pick of the suitors, I shudder to think what the the others must have been like.

the wizard says...
3:50pm Tue 19 Mar 13

No wonder this lot couldn't wait to get Nick Watkins out of the door.

louiscassius says...
3:51pm Tue 19 Mar 13

Oi Den! wrote:
the wizard wrote:
Den,
So how does that leave Black, he didn't want to leave a car crash, now we are looking at the aftermath of the car crash, its called the scrapyard.
Wiz, I think Black probably left the club in far healthier state than it had been for decades. It's just unfortunate that nobody of any substance wanted to buy it. If McCrory and co were the pick of the suitors, I shudder to think what the the others must have been like.
Den the others were pobably better. However, i'm led to beleive the others wanted the Club in Administration, so that the holding debt was reduced and that would have killed us and taken time, of which Mr Black didnt want.

He wanted someone in fast and now....

Now bring on Jed and Co.

avo says...
3:53pm Tue 19 Mar 13

What position does he play?

MITTED says...
3:58pm Tue 19 Mar 13

the wizard wrote:
No wonder this lot couldn't wait to get Nick Watkins out of the door.
No so sure that was the case. In the chairman's interview on the radio at the last home match, he said Watkins had already submitted his resignation on 15 Jan, which was some time before the new board came along.

I was surprised that nobody picked up on that at the time, especially the local media, as to why?

COYR

madterrier says...
4:03pm Tue 19 Mar 13

smirg kcab wrote:
God knows the mess we would be in if the currant board wasn't football fans lol.
Onwards and upwards
Just had a tenner on wilma hat trick.
Just hit the onion bag 3 times wilma, not much to ask is it?
Someone tell Wilmer that's three in the back of YEOVIL'S net,
Don't want him to get confused just because he's back in familiar surroundings.

Three own goals for Wilmer - 75/1 on Pisspotfair.com - and Jed buys free carbon credits all round.

Robinonfire says...
4:04pm Tue 19 Mar 13

Jed and gregy boy and grandad spotted in Ford Capri GHIA.....going down M5 to Yeovil.

Get in there my son

the wizard says...
4:10pm Tue 19 Mar 13

MITTED wrote:
the wizard wrote:
No wonder this lot couldn't wait to get Nick Watkins out of the door.
No so sure that was the case. In the chairman's interview on the radio at the last home match, he said Watkins had already submitted his resignation on 15 Jan, which was some time before the new board came along.

I was surprised that nobody picked up on that at the time, especially the local media, as to why?

COYR
Well spotted, and thanks for the update for which I am grateful. Cheers.

ecklington says...
4:12pm Tue 19 Mar 13

After reading up on Hall and his past endeavours, I would not believe a word anymore from Jed or any of the others in the consortium.

Anyone buying their season tickets would be throwing their money away - for sure!

Unfortunately I was rolled over by a career fraudster 11 yrs ago, lost my business and nearly my house which he tried to steal by conning me. Fortunately after 4 1/2 yrs thro courts, managed to win my house back.

Career fraudsters are so slick and plausible that people are taken in by them very easily, myself included.

Having been through all that, I could see this deal was not stacking up from the start, now with this last conman on board, they will suck all the cash out of the club. Do not in any circumstance renew your season tickets, because that's what they are waiting to drain away. Once bitten......

bradley red 1 says...
4:13pm Tue 19 Mar 13

SSTM99 wrote:
I am an avid reader of the forums on this site but a first time poster. This article has prompted me to register as a contributor as I am concerned by the stories emanating from our club. I have supported the team since I was 8 and have watched Swindon on a regular basis from that point onwards. During this time we have seen a number of irresponsible owners becoming involved in the club for their own obvious gain. Whilst I can't support how Andrew Black exited the club you have to acknowledge that he put a lot of his own money into it and actively supported one of the most exciting and interesting periods I have known. Without this cash we would potentially not have survived and would probably not be in the play off positions in League 1. However, the rush job that has ensued to get new owners in has created the potential for people to access a well established asset and exploit it for their own gain.

I do not believe our current set of investors have got involved for the 'love of football'. They have surely got into it to make a return. What is unclear is whether it is a short term gain of being paid large amounts for their involvement with STFC or a long term one where they benefit through the move away from the County Ground and a new ground. Jed's judgement must be questioned whether he should be running a multi-million pound community asset given the appointment of this particular Director. As other posters have mentioned the Carbon company Gregory Hall is a director of is associated with dubious characters that have had other companies shut down by the High Court (in the public interest) and City Property has just issued a dissolution notice - www.duedil.com list a summary as 'City Project Limited was incorporated on 28 Oct 2008. The company's status is 'Dissolution Notice Issued', with one director. Gregory Hall is City Project Limited's sole shareholder. They have no known group companies. City Project Limited have total assets of £0 plus total liabilities of £164,889. Their book value is £-28,322, and the value of their shareholders' fund is £-28,322'. I really wanted this to work out so we could focus on the players not back room issues but I am really concerned. Apologies for the lengthy post but I hope it is useful.
Totally agree with all you say,i have had said from the day these people came in something dont sit right with me,i worry for the future of this club as a supporter for over thirty years i have seen owners,players,manag
ers come and go but now knowing this guy is involved is bad news! along with the rest of them.i will wait and see but i hope others and including myself will not support any board who are in it to line there own pockets and exploit the club and having done research into all involved it does not fill me with any confidence at all.

louiscassius says...
4:35pm Tue 19 Mar 13

ecklington wrote:
After reading up on Hall and his past endeavours, I would not believe a word anymore from Jed or any of the others in the consortium.

Anyone buying their season tickets would be throwing their money away - for sure!

Unfortunately I was rolled over by a career fraudster 11 yrs ago, lost my business and nearly my house which he tried to steal by conning me. Fortunately after 4 1/2 yrs thro courts, managed to win my house back.

Career fraudsters are so slick and plausible that people are taken in by them very easily, myself included.

Having been through all that, I could see this deal was not stacking up from the start, now with this last conman on board, they will suck all the cash out of the club. Do not in any circumstance renew your season tickets, because that's what they are waiting to drain away. Once bitten......
So sorry to hear your story.

I can only reitterate what youve warned to others.

Please wait until everything is sorted either way, to renew your season tickets.,....

I think this could all go very pearshaped and very quickly...

Psychedelic Syd says...
4:37pm Tue 19 Mar 13

The comments make for depressing reading but it is hard to find anything positive to hold onto with the few facts at our disposal. What information there is, after all the diligent checks our fans have made, make you feel sickened. We seem to have taken on a nest of vipers.

I have renewed my season ticket already. I don't think we're going up, I think we're going to lose our best players at the end of the season and from the sounds of it risk financial disaster once more. We'll probably be in the doldrums again before we know it. So is it time to consider baling out as a supporter and not renewing your season ticket? Get real. Through thick and thin. COYMR.

old town robin says...
4:45pm Tue 19 Mar 13

Only in a one man bandit could you put a pound in and make a few bob if you get tic tac toe, these guys have put their pound in and drawing salaries, being paid for by the give away of Ritchie, gate receipts and pre-season season tickets, it doesn't take a financial genius to work out that drawing money out and not putting any in and it won't be long before the club ends up like Rangers.

I will not me renewing my tickets until this bunch of chancers put up the dosh and quite honestly i can't see it happening. From the time McCrory lied to Paolo i haven't believed a word he has said. Last week we were split in opinions, I said then the pendulum would swing and it has, I don't see too many rose tinted glass comments today.

who am i says...
4:50pm Tue 19 Mar 13

i see jed is getting some stick on twitter.... The silence is deffening.. looks like what i said last week is really going to happen, glad i didnt renew my season ticket even though my son keeps badgering me to renew. I plead with you once more Sam please get to the bottom of whats going on something is not right..

STFCman&boy1973 says...
4:53pm Tue 19 Mar 13

oh sugar, Pl
We will rise,
We will fall,
We're Swindon town its what we do!!!

From out of the ashes and rubble, we will rise a new...

Maybe its time we took more control of OUR club, if we do fall from grace, we have enough clever and intellectual people on here, that I hope would want to try???

I'm always red and white, whatever league, what ever manager (God), because this is my team, our team....

COYMRS

shane10 says...
5:09pm Tue 19 Mar 13

team for tonight has to be

foderingham
mccormack flint ward mceveley


roberts ferry miller devita


williams collins

buckobassettboy says...
5:25pm Tue 19 Mar 13

louiscassius wrote:
madterrier wrote:
Strange. According to Dellam Corporate information, Hall holds only one directorship - Seebeck 87.

By contrast, McCrory holds 23 directorships, Hooper five and Murrall four.

Seebeck 87 was formed with just £1 of share capital - the absolute minimum for a limited company, and probably not even enough for all the directors to own even one share each unless the shares are valued at 5 pence each or something.

The company doesn't have to file accounts until September 2014, probably because as it was formed in December 2012 they chose a September year-end date so that by September 2013 that would only have traded for nine months, hence postponing the date by when they have to file annual accounts until 21 months from formation, so don't expect any insights soon.

All of these 'directors' are apparently paying themselves a salary from Swindon. If the overall budget is "the same" as with Black/Di Canio, yet there is no money for anything, then you wonder how much they are paying themselves.

I hope I am wrong, and I hope all comes good, with backers rather than bloodletters, but until more information is revealed by the new owners it's easy to see why so many people are sceptical. Very sceptical.

The new owners' communication is very poor, but that's probably because they don't want to tell us.

I would like to see the Football League be more open with supporters - perhaps through each club's Trust - as to what the due diligence process revealed when a takeover happens, what the strategy is that they approved, as well as why embargoes are put in place. Because otherwise as fans we are helpless to watch on, unsure whether our club is being milked dry, or managed by people with good intentions but no experience.

It's OK the Football League wanting to bring in more financial fair play regulation, but I think they also have a moral obligation to football fans generally to share with us what is happening.
Dont understand the accounts legally thingy, but hey liked the post about the FL openess with the fans....
Mcrory has 27 directorships?Not wishing to spread malicious gossip or suggest any wrong doing but anyone familiar with the term Long Firming.

madterrier says...
5:28pm Tue 19 Mar 13

I don't know the legal basis upon which the Football League can demand that a £1.2m bond is paid into an account and ring-fenced but it might be a blessing in disguise of sorts. The embargo could be due to this 'unseen event' as Murrall described it, or it could be due to the club not having met the disclosure requirements for the FL to calculate whether it is within the salary cap requirement right now.

Hall has been made a director of the holding company - not the football club. So he won't be drawing a 'salary' as the other four are reported to be, but watch out for Diamandis-style 'consultancy' contracts with the club. Otherwise why has he joined the holding company?

The company he is CEO of - City Project - is regarded as 'High risk' and 'credit not recommended' by credit agencies. Apparently the company has 'taken advantage of exemptions under the Companies act such that accounts have not been audited or examined.'

The other strange thing is the timing. As the embargo is still in place, and supporters are concerned or angry, why would Jed and co. make this appointment now, rather than wait, if all it was going to do is alert people?

Maybe The Adver should contact our 'friends' at The Football League Paper, Chris Dunlavy and David Emery. While they got it wrong in accusing Swindon of cheating our way to the League 2 title, they do crusade against overspending and dodgy owners in football, and will have a more overall perspective. They may be interested in the latest developments here at Swindon, if we could stomach their conclusions.

bradley red 1 says...
5:29pm Tue 19 Mar 13

buckobassettboy wrote:
louiscassius wrote:
madterrier wrote:
Strange. According to Dellam Corporate information, Hall holds only one directorship - Seebeck 87.

By contrast, McCrory holds 23 directorships, Hooper five and Murrall four.

Seebeck 87 was formed with just £1 of share capital - the absolute minimum for a limited company, and probably not even enough for all the directors to own even one share each unless the shares are valued at 5 pence each or something.

The company doesn't have to file accounts until September 2014, probably because as it was formed in December 2012 they chose a September year-end date so that by September 2013 that would only have traded for nine months, hence postponing the date by when they have to file annual accounts until 21 months from formation, so don't expect any insights soon.

All of these 'directors' are apparently paying themselves a salary from Swindon. If the overall budget is "the same" as with Black/Di Canio, yet there is no money for anything, then you wonder how much they are paying themselves.

I hope I am wrong, and I hope all comes good, with backers rather than bloodletters, but until more information is revealed by the new owners it's easy to see why so many people are sceptical. Very sceptical.

The new owners' communication is very poor, but that's probably because they don't want to tell us.

I would like to see the Football League be more open with supporters - perhaps through each club's Trust - as to what the due diligence process revealed when a takeover happens, what the strategy is that they approved, as well as why embargoes are put in place. Because otherwise as fans we are helpless to watch on, unsure whether our club is being milked dry, or managed by people with good intentions but no experience.

It's OK the Football League wanting to bring in more financial fair play regulation, but I think they also have a moral obligation to football fans generally to share with us what is happening.
Dont understand the accounts legally thingy, but hey liked the post about the FL openess with the fans....
Mcrory has 27 directorships?Not wishing to spread malicious gossip or suggest any wrong doing but anyone familiar with the term Long Firming.
Yes, met many long firmers in the past and understand where you are coming from,which is why i am concerned for the club.

the wizard says...
5:34pm Tue 19 Mar 13

For those who cannot make the match or do SKY tonight, you can get it here,

http://www.freefootb
all.org/upcoming.php

bradley red 1 says...
5:34pm Tue 19 Mar 13

bradley red 1 wrote:
buckobassettboy wrote:
louiscassius wrote:
madterrier wrote:
Strange. According to Dellam Corporate information, Hall holds only one directorship - Seebeck 87.

By contrast, McCrory holds 23 directorships, Hooper five and Murrall four.

Seebeck 87 was formed with just £1 of share capital - the absolute minimum for a limited company, and probably not even enough for all the directors to own even one share each unless the shares are valued at 5 pence each or something.

The company doesn't have to file accounts until September 2014, probably because as it was formed in December 2012 they chose a September year-end date so that by September 2013 that would only have traded for nine months, hence postponing the date by when they have to file annual accounts until 21 months from formation, so don't expect any insights soon.

All of these 'directors' are apparently paying themselves a salary from Swindon. If the overall budget is "the same" as with Black/Di Canio, yet there is no money for anything, then you wonder how much they are paying themselves.

I hope I am wrong, and I hope all comes good, with backers rather than bloodletters, but until more information is revealed by the new owners it's easy to see why so many people are sceptical. Very sceptical.

The new owners' communication is very poor, but that's probably because they don't want to tell us.

I would like to see the Football League be more open with supporters - perhaps through each club's Trust - as to what the due diligence process revealed when a takeover happens, what the strategy is that they approved, as well as why embargoes are put in place. Because otherwise as fans we are helpless to watch on, unsure whether our club is being milked dry, or managed by people with good intentions but no experience.

It's OK the Football League wanting to bring in more financial fair play regulation, but I think they also have a moral obligation to football fans generally to share with us what is happening.
Dont understand the accounts legally thingy, but hey liked the post about the FL openess with the fans....
Mcrory has 27 directorships?Not wishing to spread malicious gossip or suggest any wrong doing but anyone familiar with the term Long Firming.
Yes, met many long firmers in the past and understand where you are coming from,which is why i am concerned for the club.
Also reports of these people taking salaries out of the club is questionable to say the least!!!

Since 1950 says...
5:55pm Tue 19 Mar 13

lacey198 wrote:
*****BREAKING NEWS**** Mute board add Michael Diamandis to the holding company. :)
Lacey198. If this lot turn out the way I expect then Mikey D. might be a welcome breath of fresh air!

What a flippin' state!

Di kanny oh says...
6:09pm Tue 19 Mar 13

Oh dear when you think it can't get any worse we have had the silence then false information and then the board go and announce a rogue will be joining the clubs board, this will be the final nail in the coffin for my new season ticket how on earth can anyone sign up to what is going on at STFC. I feel sorry for those that have already purchased their season tickets as this does not make good reading and it just seems to get worse. Plenty of forum fans have dug deep and unearthed some damaging facts about this latest board member so it is not looking good and I now get the feeling this new consortium are in this to fleece the club and its about time that Jed came clean with the rest of his circus and put the fans out of their misery. This really is worrying times for STFC and the longer this silence goes on the more damage is getting done and loosing fans could spell the end as we know it. I would say a demonstration after the game on Saturday could be the answer and get Jed on a pedestal to explain to us what the hell is going on.

clunge_meister says...
6:17pm Tue 19 Mar 13

I do think some of the comments are getting a bit out of control now.

I've been sceptical of the abilities of the new owners since they were first muted way back but saying that they are fraudsters and con men is a bit OTT.

Di kanny oh says...
6:20pm Tue 19 Mar 13

Med Red wrote:
Having read other posters comments about Hall, it would seem he might be considered to be a bit of a dodgy character. So what does that tell you about Jeddy-boy and his cronies, inviting someone like Hall to become a director. Asset stripping chancers out to profit from whatever and whoever they can sell and then scarper, I wonder????

McCrory worries me... BIG-TIME!!
And the Board's continued silence has created a massive lack of confidence in them and every day it seems to get worse what with Murrall stating he was confident of the Monday lifting of the embargo and now they go and appoint a con man to the board. Where are all the rose tinted brigade now then? If this doom spreads to the players then the season is over for sure.

Wiltshireman says...
6:24pm Tue 19 Mar 13

Doom mongers, gloom mongers.

First question to you is ... Have you looked at the clubs accounts for last year. I bet 99.99% have not

If Ritchie had NOT been sold do you honestly think that the club would still be here. I don't think so.

How far will £500,000 go when you have creditors to pay. Not very far so obviously there is nothing left from that sale.

Yes, £1 is the minimum to buy a company and that is what they paid Black to buy the club along with the debts.

How far did that £500,000 go to clearing the quoted £9m debt which the new board agreed to pay. Again, if they had not cleared the debt the club would NOT still be in existence

If there were anything wrong with the current set up the Football League would NOT, I repeat NOT have sanctioned the takeover and we would be doomed to Conference football next season (not a bad idea, Salisbury City home and away :))

For god's sake just go to the Companies House website, pay the fee and look them up then there is no more

Guessing
Assumptions
Doom from other company info

Every bit of info you have will then be from INDEPENDANT Audits

Chish and Fips says...
6:25pm Tue 19 Mar 13

clunge_meister wrote:
I do think some of the comments are getting a bit out of control now.

I've been sceptical of the abilities of the new owners since they were first muted way back but saying that they are fraudsters and con men is a bit OTT.
Couldn't agree more about the comments, but they are their own worst enemies at the moment - the silence is allowing this to get out of control...

I wonder if they will be there tonight.?

Wiltshireman says...
6:26pm Tue 19 Mar 13

Must also add that most of your google searches you only look at the ones that are fre. These are sometimes very inaccurate

SAPFanSTFC says...
6:50pm Tue 19 Mar 13

who am i wrote:
i see jed is getting some stick on twitter.... The silence is deffening.. looks like what i said last week is really going to happen, glad i didnt renew my season ticket even though my son keeps badgering me to renew. I plead with you once more Sam please get to the bottom of whats going on something is not right..
...I've stayed quiet on the board since I got some stick for 'judging' them too soon at the time of take-over (we saw a lads night out not potential new owners) but give it a go...
...
Sadly all of these recent events don't stack up too well and whilst the mix of backgrounds could make sense, it is the quality of the constituent parts that looks like making a right old dogs dinner.
...
I haven't bought my season ticket either - not because I don't want to support the team....far from it...I'm just not confident that the club will not lose all of our ST funds over a summer of no income.
...
DON'T BUT NOW!!! We need the board to front up and for us to see a REAL possibility of surviving going into Admin again.
...
Let's hope all of the pessimism is wrong and that we get promoted they sell the club at a profit over the summer and we get back to normality next season!

Oi Den! says...
6:51pm Tue 19 Mar 13

Wiltshireman wrote:
Doom mongers, gloom mongers.

First question to you is ... Have you looked at the clubs accounts for last year. I bet 99.99% have not

If Ritchie had NOT been sold do you honestly think that the club would still be here. I don't think so.

How far will £500,000 go when you have creditors to pay. Not very far so obviously there is nothing left from that sale.

Yes, £1 is the minimum to buy a company and that is what they paid Black to buy the club along with the debts.

How far did that £500,000 go to clearing the quoted £9m debt which the new board agreed to pay. Again, if they had not cleared the debt the club would NOT still be in existence

If there were anything wrong with the current set up the Football League would NOT, I repeat NOT have sanctioned the takeover and we would be doomed to Conference football next season (not a bad idea, Salisbury City home and away :))

For god's sake just go to the Companies House website, pay the fee and look them up then there is no more

Guessing
Assumptions
Doom from other company info

Every bit of info you have will then be from INDEPENDANT Audits
Complete tosh. Oh, and plenty of guesswork and assumptions too. The new regime didn't clear the debt; the old owners wrote it off. And most of that debt was debt that Fitton and co inherited from the previous, shambolic, regime.

I would rather have Conference football and a stable club than stay in the Football League with cowboys in charge. And if you are going to shout the word "INDEPENDENT" at us, you might at least spell it correctly.

Di kanny oh says...
6:52pm Tue 19 Mar 13

Lets all stay behind after Saturdays match and get Jed to answer some questions then I say.

Is that you Lovesey says...
6:54pm Tue 19 Mar 13

All of you know absolutely nothing,asking people not to buy a ST yet is a great idea, rob the club of the income, wow what a great way to avoid administration, this board have had some challenges, mainly things not paid by the old reime and having to get rid of the expense of PDC and his mob, give them a blooming chance to prove themselves, I can't say I am over the moon with whats happened so far, but come on people get a grip, dark times ahead, maybe, but I didn't stop buying a ST under the greek, what about all the years Sir seton bank rolled us, he was a Town fan pumping millions in, we still didn't have a pot to P1ss in, but thats ok because he is a town fan...

SAPFanSTFC says...
7:05pm Tue 19 Mar 13

Is that you Lovesey wrote:
All of you know absolutely nothing,asking people not to buy a ST yet is a great idea, rob the club of the income, wow what a great way to avoid administration, this board have had some challenges, mainly things not paid by the old reime and having to get rid of the expense of PDC and his mob, give them a blooming chance to prove themselves, I can't say I am over the moon with whats happened so far, but come on people get a grip, dark times ahead, maybe, but I didn't stop buying a ST under the greek, what about all the years Sir seton bank rolled us, he was a Town fan pumping millions in, we still didn't have a pot to P1ss in, but thats ok because he is a town fan...
We're not saying don't buy one we're saying WAIT!...no point giving them the money and then they run off with it while dumping us into Admin.
....
Let's understand what is going on first.
....
I'm not buying one until I KNOW we are out of embargo and that we look stable.
...I simply can't afford to throw good money away and will not apologise for that.

old town robin says...
7:06pm Tue 19 Mar 13

madterrier wrote:
I don't know the legal basis upon which the Football League can demand that a £1.2m bond is paid into an account and ring-fenced but it might be a blessing in disguise of sorts. The embargo could be due to this 'unseen event' as Murrall described it, or it could be due to the club not having met the disclosure requirements for the FL to calculate whether it is within the salary cap requirement right now.

Hall has been made a director of the holding company - not the football club. So he won't be drawing a 'salary' as the other four are reported to be, but watch out for Diamandis-style 'consultancy' contracts with the club. Otherwise why has he joined the holding company?

The company he is CEO of - City Project - is regarded as 'High risk' and 'credit not recommended' by credit agencies. Apparently the company has 'taken advantage of exemptions under the Companies act such that accounts have not been audited or examined.'

The other strange thing is the timing. As the embargo is still in place, and supporters are concerned or angry, why would Jed and co. make this appointment now, rather than wait, if all it was going to do is alert people?

Maybe The Adver should contact our 'friends' at The Football League Paper, Chris Dunlavy and David Emery. While they got it wrong in accusing Swindon of cheating our way to the League 2 title, they do crusade against overspending and dodgy owners in football, and will have a more overall perspective. They may be interested in the latest developments here at Swindon, if we could stomach their conclusions.
madterrier, I would have thought once Black removed his funding at the end of December then to keep within the 65% cap the club would have needed new equity to top up the original 4.5 million forecast budget. My guess is that is why the FL have stated the new owners stump up 1.2 million of equity, which it would appear they do not have. The question everyone wants answered is where are they going to get the money from if they don't have any loose change.

The Warlock says...
7:10pm Tue 19 Mar 13

Wiltshireman wrote:
Doom mongers, gloom mongers.

First question to you is ... Have you looked at the clubs accounts for last year. I bet 99.99% have not

If Ritchie had NOT been sold do you honestly think that the club would still be here. I don't think so.

How far will £500,000 go when you have creditors to pay. Not very far so obviously there is nothing left from that sale.

Yes, £1 is the minimum to buy a company and that is what they paid Black to buy the club along with the debts.

How far did that £500,000 go to clearing the quoted £9m debt which the new board agreed to pay. Again, if they had not cleared the debt the club would NOT still be in existence

If there were anything wrong with the current set up the Football League would NOT, I repeat NOT have sanctioned the takeover and we would be doomed to Conference football next season (not a bad idea, Salisbury City home and away :))

For god's sake just go to the Companies House website, pay the fee and look them up then there is no more

Guessing
Assumptions
Doom from other company info

Every bit of info you have will then be from INDEPENDANT Audits
Thanks for Matt Ritchie! UTCIAD!

The Warlock says...
7:14pm Tue 19 Mar 13

BillyLucas4me wrote:
The Warlock says...
11:36am Tue 19 Mar 13

SHOULD OF GOT A RUSSIAN! YOU SHOULD OF GOT A RUSSIAN! UTCIAD!”

We should HAVE got a Russian perhaps We should HAVE got a Russian perhaps
We should HAVE got a Russian perhaps

Are you a PURTON Warlock?
No, i'm not. Purton is a small village laying in the outskirts of Scummersvile (Swindon). I'm from SUNNY SUNNY BOURNEMOUTH! Aren't your tinpot team playing tonight?

SAPFanSTFC says...
7:28pm Tue 19 Mar 13

The Warlock wrote:
BillyLucas4me wrote:
The Warlock says...
11:36am Tue 19 Mar 13

SHOULD OF GOT A RUSSIAN! YOU SHOULD OF GOT A RUSSIAN! UTCIAD!”

We should HAVE got a Russian perhaps We should HAVE got a Russian perhaps
We should HAVE got a Russian perhaps

Are you a PURTON Warlock?
No, i'm not. Purton is a small village laying in the outskirts of Scummersvile (Swindon). I'm from SUNNY SUNNY BOURNEMOUTH! Aren't your tinpot team playing tonight?
No he's not - same person as ever under a different ID but from the scummers down the road.
.
Notice how a certain previous poster was always on our site after a draw or loss but was goading even when Bournemouth lost....yet the Pox hadn't lost.....scan forward to the other day when Pox lost, Bournemouth went above us yet......NOTHING!!..
.you can smell it in his posts and it is a scummy Poxford smell not a sea breeze.

SAPFanSTFC says...
8:37pm Tue 19 Mar 13

SAPFanSTFC wrote:
The Warlock wrote:
BillyLucas4me wrote:
The Warlock says...
11:36am Tue 19 Mar 13

SHOULD OF GOT A RUSSIAN! YOU SHOULD OF GOT A RUSSIAN! UTCIAD!”

We should HAVE got a Russian perhaps We should HAVE got a Russian perhaps
We should HAVE got a Russian perhaps

Are you a PURTON Warlock?
No, i'm not. Purton is a small village laying in the outskirts of Scummersvile (Swindon). I'm from SUNNY SUNNY BOURNEMOUTH! Aren't your tinpot team playing tonight?
No he's not - same person as ever under a different ID but from the scummers down the road.
.
Notice how a certain previous poster was always on our site after a draw or loss but was goading even when Bournemouth lost....yet the Pox hadn't lost.....scan forward to the other day when Pox lost, Bournemouth went above us yet......NOTHING!!..

.you can smell it in his posts and it is a scummy Poxford smell not a sea breeze.
....that saw the little scummed yellow belly off....too thick to kid anyone.

swindon1969 says...
8:47pm Tue 19 Mar 13

I don't post on here that often, but this sucks for Swindon. this new bandit of a director, is a shocking addition for us, his (other companies) have all but got the tax men after them, they have all but gone bust or he's gone and got another company to plunder. enough is enough, we need answers and we need them now. We will be shafted by the end of the season, hope I am wrong but doubt it, admin, is what they want ,sell, it on, then the proper big boys, come into feast maybe that's the way to go!

the wizard says...
11:01am Wed 20 Mar 13

UTCIAD

U niversal

T ea-wots

C ollective

1

A dded

D aily

click2find

Get Adobe Flash player
About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree