SWINDON TOWN: Takeover rumbles on with investors locked in talks

Swindon Advertiser: Swindon Town's takeover is no closer with talks between the club and potential investors ongoing Swindon Town's takeover is no closer with talks between the club and potential investors ongoing

SWINDON Town’s board yesterday met with the consortium leading the way to become the club’s new owners but no deal was completed, the Advertiser understands.

A local group of potential investors are believed to be close to finalising an agreement which would see them take on a large chunk of majority shareholder Andrew Black’s 98 per cent stake in the Robins, and it is understood that a deal needs to be agreed before the end of the month else members of the Town squad may have to be sold.

Mr Black said the Swindon board would be making no comment when contacted by the Adver last night, although he did suggest that discussions remain positive with the respective parties.

Specialists are believed to already be in place should they be required to restructure the Robins’ finances.

Reports last night suggested Banbury United owner Jed McCrory could be a part of one of the consortiums interested in taking control at the County Ground.

Manager Paolo Di Canio was unclear of the situation at boardroom level when he spoke to the media after his side drew 0-0 at Leyton Orient last night.

He said: “I was always positive, I am negative now because of the game, but time flies quick and I want to make sure in which direction we have to run and start working on the way we can run to make the best for this club.

“I hope for the positive one, but any direction can be there.

“If something goes not the way we wanted we don’t know what is going on for this club.”

Meanwhile, Paul Benson yesterday joined Cheltenham on loan until the end of the season. The striker changed his mind about a switch to Whaddon Road over the weekend, as reported by the Advertiser on Monday, and could make his debut for the League Two side on Saturday.

Meanwhile, no progress has been made in the club’s efforts to loan out Luke Rooney or Lee Cox.

Comments (55)

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6:27am Wed 30 Jan 13

grove red says...

come on pull your finger out and get this buyout done so the club can move forward. we are in a great postion on the field looking for championship football please dont mess this up buy selling a few players.
come on pull your finger out and get this buyout done so the club can move forward. we are in a great postion on the field looking for championship football please dont mess this up buy selling a few players. grove red

6:30am Wed 30 Jan 13

california andy says...

This all sounds very grim. It is hard to understand why Andrew Black has suddenly placed such a short time line on the sale, which seems like cutting off your nose to spite your face. How is is sensible to conduct a fire sale or put the club into the dreaded administration when you are trying to sell? With the on-field performances so positive, this news is dire. Do hope the next 24 hours bring more positive news.
This all sounds very grim. It is hard to understand why Andrew Black has suddenly placed such a short time line on the sale, which seems like cutting off your nose to spite your face. How is is sensible to conduct a fire sale or put the club into the dreaded administration when you are trying to sell? With the on-field performances so positive, this news is dire. Do hope the next 24 hours bring more positive news. california andy

6:31am Wed 30 Jan 13

35 year fan says...

"specialists are believed to be already in place should they be required to restructure the club's finances".

in plain english you're saying the proposed administrator firm is lined up and standing by, right? or if that's not what you're saying, might be a good idea to explain what you are saying.
"specialists are believed to be already in place should they be required to restructure the club's finances". in plain english you're saying the proposed administrator firm is lined up and standing by, right? or if that's not what you're saying, might be a good idea to explain what you are saying. 35 year fan

6:40am Wed 30 Jan 13

bowralbob says...

For first time since AB wanted to sell I am getting p***ed off.

Come on AB either do a deal ,or agree to another month of paying YOUR clubs outgoings.

Do not put us in ADMINISTRATION PLEASE.
For first time since AB wanted to sell I am getting p***ed off. Come on AB either do a deal ,or agree to another month of paying YOUR clubs outgoings. Do not put us in ADMINISTRATION PLEASE. bowralbob

6:43am Wed 30 Jan 13

grove red says...

In the daily mail this morning hope this is not true and a copy of the FL paper.
Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours.

A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators.

As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move.


Read more: http://www.dailymail
.co.uk/sport/footbal
l/article-2270370/Pa
olo-Di-Canio-faces-u
ncertain-future-Swin
don-Town-administrat
ors.html#ixzz2JRFiFS
xD
Follow us: @MailOnline on Twitter | DailyMail on Facebook
In the daily mail this morning hope this is not true and a copy of the FL paper. Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours. A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators. As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move. Read more: http://www.dailymail .co.uk/sport/footbal l/article-2270370/Pa olo-Di-Canio-faces-u ncertain-future-Swin don-Town-administrat ors.html#ixzz2JRFiFS xD Follow us: @MailOnline on Twitter | DailyMail on Facebook grove red

6:52am Wed 30 Jan 13

louiscassius says...

grove red wrote:
In the daily mail this morning hope this is not true and a copy of the FL paper.
Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours.

A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators.

As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move.


Read more: http://www.dailymail

.co.uk/sport/footbal

l/article-2270370/Pa

olo-Di-Canio-faces-u

ncertain-future-Swin

don-Town-administrat

ors.html#ixzz2JRFiFS

xD
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Jesus...............
.

This cant be true........

Please Sam.......

Find out what the hell is going on....

This is fast becoming ridiculous.....

Same old, same old Swindon......

Nothing ever really changes now does it???

Cheers for staying Paolo, was great while it lasted!!!
[quote][p][bold]grove red[/bold] wrote: In the daily mail this morning hope this is not true and a copy of the FL paper. Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours. A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators. As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move. Read more: http://www.dailymail .co.uk/sport/footbal l/article-2270370/Pa olo-Di-Canio-faces-u ncertain-future-Swin don-Town-administrat ors.html#ixzz2JRFiFS xD Follow us: @MailOnline on Twitter | DailyMail on Facebook[/p][/quote]Jesus............... . This cant be true........ Please Sam....... Find out what the hell is going on.... This is fast becoming ridiculous..... Same old, same old Swindon...... Nothing ever really changes now does it??? Cheers for staying Paolo, was great while it lasted!!! louiscassius

6:57am Wed 30 Jan 13

louiscassius says...

Before all the fans come on here saying what a looser i am for being down hearted.

Just think back over the last 20 years on what we've all been through...

I read this every morning before shower and work for a little bit of 'Cheer Me Up'
and all ya get is doom and gloom.

To be honest, if i wanted to read and hear shat.........i'd watch the BBC 24 hours News channel.

The workers in this country have been shat on for over 5 years now; the only bit of good was STFC.....

Now, AB taking that flippen thing away too.................
...

Where does this p1ssing thing end........

Rant over......Going for shower and 35 mile trip into work......Great, its p1ssing down too!!!...Hahahaha.

Louis :-(...Oh Happy New Year.....NOT!!!
Before all the fans come on here saying what a looser i am for being down hearted. Just think back over the last 20 years on what we've all been through... I read this every morning before shower and work for a little bit of 'Cheer Me Up' and all ya get is doom and gloom. To be honest, if i wanted to read and hear shat.........i'd watch the BBC 24 hours News channel. The workers in this country have been shat on for over 5 years now; the only bit of good was STFC..... Now, AB taking that flippen thing away too................. ... Where does this p1ssing thing end........ Rant over......Going for shower and 35 mile trip into work......Great, its p1ssing down too!!!...Hahahaha. Louis :-(...Oh Happy New Year.....NOT!!! louiscassius

6:57am Wed 30 Jan 13

mallorca says...

Sad as it sounds unless somebody up there likes us it looks as if it maybe admin for us.Yet we hang on to that glimmer of hope.
Whereas we have to thank AB/Fitton and co I just feel the overspending may have contributed to our downfall,yet the CEO stated we are within budget.
So no doubt the Fl will pounce deduct 20 points who know's.
Just feel for all those fans in these bad times who have supported the club are being messed on.
Yet it's AB's MONEY and he is fed up with throwing it away So we await the NEWS
Sad as it sounds unless somebody up there likes us it looks as if it maybe admin for us.Yet we hang on to that glimmer of hope. Whereas we have to thank AB/Fitton and co I just feel the overspending may have contributed to our downfall,yet the CEO stated we are within budget. So no doubt the Fl will pounce deduct 20 points who know's. Just feel for all those fans in these bad times who have supported the club are being messed on. Yet it's AB's MONEY and he is fed up with throwing it away So we await the NEWS mallorca

7:07am Wed 30 Jan 13

hornet says...

Don't understand this at all there is no way a buyer can be found in time as the FA need to conduct there so called due diligence report before a takeover can be complete if its not agreed already how can they get it done in time . Also the article suggests players will be sold ? To where when the transfer window closes something is not right in all of this
Don't understand this at all there is no way a buyer can be found in time as the FA need to conduct there so called due diligence report before a takeover can be complete if its not agreed already how can they get it done in time . Also the article suggests players will be sold ? To where when the transfer window closes something is not right in all of this hornet

7:24am Wed 30 Jan 13

EastleazeRed says...

louiscassius wrote:
grove red wrote:
In the daily mail this morning hope this is not true and a copy of the FL paper.
Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours.

A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators.

As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move.


Read more: http://www.dailymail


.co.uk/sport/footbal


l/article-2270370/Pa


olo-Di-Canio-faces-u


ncertain-future-Swin


don-Town-administrat


ors.html#ixzz2JRFiFS


xD
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Jesus...............

.

This cant be true........

Please Sam.......

Find out what the hell is going on....

This is fast becoming ridiculous.....

Same old, same old Swindon......

Nothing ever really changes now does it???

Cheers for staying Paolo, was great while it lasted!!!
Its gotta be true if you read it in the daily mail ? Would'nt wipe my arse with that rag .
[quote][p][bold]louiscassius[/bold] wrote: [quote][p][bold]grove red[/bold] wrote: In the daily mail this morning hope this is not true and a copy of the FL paper. Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours. A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators. As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move. Read more: http://www.dailymail .co.uk/sport/footbal l/article-2270370/Pa olo-Di-Canio-faces-u ncertain-future-Swin don-Town-administrat ors.html#ixzz2JRFiFS xD Follow us: @MailOnline on Twitter | DailyMail on Facebook[/p][/quote]Jesus............... . This cant be true........ Please Sam....... Find out what the hell is going on.... This is fast becoming ridiculous..... Same old, same old Swindon...... Nothing ever really changes now does it??? Cheers for staying Paolo, was great while it lasted!!![/p][/quote]Its gotta be true if you read it in the daily mail ? Would'nt wipe my arse with that rag . EastleazeRed

7:26am Wed 30 Jan 13

grove red says...

I thank AB for saving us before but it would be nice for him to grow a pair and come out today and make some kind of statement to say were we are at with the takeover in stead of all the rumours that is going on. please make some kind of statement AB
I thank AB for saving us before but it would be nice for him to grow a pair and come out today and make some kind of statement to say were we are at with the takeover in stead of all the rumours that is going on. please make some kind of statement AB grove red

7:26am Wed 30 Jan 13

EastleazeRed says...

Transfer deadline cant come quick enough for me.
Transfer deadline cant come quick enough for me. EastleazeRed

7:31am Wed 30 Jan 13

batch says...

hornet wrote:
Don't understand this at all there is no way a buyer can be found in time as the FA need to conduct there so called due diligence report before a takeover can be complete if its not agreed already how can they get it done in time . Also the article suggests players will be sold ? To where when the transfer window closes something is not right in all of this
I doubt the taker needs to be 100% completed, just progressed to the necessary level of probability.

Today is Wednesday. Tomorrow is transfer deadline day. I think the time scales for this takeover are pretty obvious. Now. Today. Or risk player sales.

If we can't pay the wages we need to reduce them. Can't see any other ways out of this fact other than a firesale or a takeover.

Why now Mr Black, why.
[quote][p][bold]hornet[/bold] wrote: Don't understand this at all there is no way a buyer can be found in time as the FA need to conduct there so called due diligence report before a takeover can be complete if its not agreed already how can they get it done in time . Also the article suggests players will be sold ? To where when the transfer window closes something is not right in all of this[/p][/quote]I doubt the taker needs to be 100% completed, just progressed to the necessary level of probability. Today is Wednesday. Tomorrow is transfer deadline day. I think the time scales for this takeover are pretty obvious. Now. Today. Or risk player sales. If we can't pay the wages we need to reduce them. Can't see any other ways out of this fact other than a firesale or a takeover. Why now Mr Black, why. batch

7:34am Wed 30 Jan 13

tenerifetaxi says...

This unfortunately sounds similar to what happened to the company I work for. Known as pre-pack, where they negotiate to put the company into admnistration and then buy it at much reduced price.
This unfortunately sounds similar to what happened to the company I work for. Known as pre-pack, where they negotiate to put the company into admnistration and then buy it at much reduced price. tenerifetaxi

7:40am Wed 30 Jan 13

fredi says...

Something is clearly very wrong with our club at the moment. While most of what the Daily Mail says is usually sensational rubbish, there is surely no smoke without fire. Black's motives need to be explained.....why potentially lose everything in administration when an organised sale of a club knocking on the championship door would surely raise millions ? Why was Patey brought in if a panic sell to a local consortium is all that is achieved. He says he is leaving but will he tell us what has gone on in a short few months that has seen the promised three year plan and the hope of serious new investment disappear so quickly ? Despite the uncertainty, Paolo and the team continue to perform on the pitch and it would be tragic to see their efforts wasted....please, please Black, Patey, Watkins, tell us what is happening ?
Something is clearly very wrong with our club at the moment. While most of what the Daily Mail says is usually sensational rubbish, there is surely no smoke without fire. Black's motives need to be explained.....why potentially lose everything in administration when an organised sale of a club knocking on the championship door would surely raise millions ? Why was Patey brought in if a panic sell to a local consortium is all that is achieved. He says he is leaving but will he tell us what has gone on in a short few months that has seen the promised three year plan and the hope of serious new investment disappear so quickly ? Despite the uncertainty, Paolo and the team continue to perform on the pitch and it would be tragic to see their efforts wasted....please, please Black, Patey, Watkins, tell us what is happening ? fredi

7:49am Wed 30 Jan 13

Dover Red says...

seems all the talk was just that, hot air. What was the point of it all . They will never tell the trouth cos it will make them look stupid.
seems all the talk was just that, hot air. What was the point of it all . They will never tell the trouth cos it will make them look stupid. Dover Red

7:50am Wed 30 Jan 13

Helpme234 says...

fredi wrote:
Something is clearly very wrong with our club at the moment. While most of what the Daily Mail says is usually sensational rubbish, there is surely no smoke without fire. Black's motives need to be explained.....why potentially lose everything in administration when an organised sale of a club knocking on the championship door would surely raise millions ? Why was Patey brought in if a panic sell to a local consortium is all that is achieved. He says he is leaving but will he tell us what has gone on in a short few months that has seen the promised three year plan and the hope of serious new investment disappear so quickly ? Despite the uncertainty, Paolo and the team continue to perform on the pitch and it would be tragic to see their efforts wasted....please, please Black, Patey, Watkins, tell us what is happening ?
Well said!!

If the Daily Mail article is untrue Mr Black then let's see some action to get a retraction.
[quote][p][bold]fredi[/bold] wrote: Something is clearly very wrong with our club at the moment. While most of what the Daily Mail says is usually sensational rubbish, there is surely no smoke without fire. Black's motives need to be explained.....why potentially lose everything in administration when an organised sale of a club knocking on the championship door would surely raise millions ? Why was Patey brought in if a panic sell to a local consortium is all that is achieved. He says he is leaving but will he tell us what has gone on in a short few months that has seen the promised three year plan and the hope of serious new investment disappear so quickly ? Despite the uncertainty, Paolo and the team continue to perform on the pitch and it would be tragic to see their efforts wasted....please, please Black, Patey, Watkins, tell us what is happening ?[/p][/quote]Well said!! If the Daily Mail article is untrue Mr Black then let's see some action to get a retraction. Helpme234

7:53am Wed 30 Jan 13

the wizard says...

Daily Mail, a brown publication, always stirring the brown goey carp with little or no fact attached, second only to the FL book of fairy tales. You can read it, but you don't have to believe it.
Daily Mail, a brown publication, always stirring the brown goey carp with little or no fact attached, second only to the FL book of fairy tales. You can read it, but you don't have to believe it. the wizard

7:55am Wed 30 Jan 13

Stickshaker says...

Don't panic the new investors have more money than you can shake a stick at......hey wait a minute!
Don't panic the new investors have more money than you can shake a stick at......hey wait a minute! Stickshaker

7:56am Wed 30 Jan 13

Since 1950 says...

'Specialists' = Administrators!

Why weaken your bargening position by making it public that the club has to be sold by any date?

I can't think that Sir W.P. has done us any favours in all this. I thought he was brought in to attract overseas investment? Turns out some mod 10 mins down the road want us.

Perhaps Banbury Utd are after a feeder Club after we go into admin for the 3rd time?

3rd in the league and staring into the abyss again. Why now?It does my head in.

ONLY AT SWINDON COULD THIS EVER BE ALLOWED TO HAPPEN!
'Specialists' = Administrators! Why weaken your bargening position by making it public that the club has to be sold by any date? I can't think that Sir W.P. has done us any favours in all this. I thought he was brought in to attract overseas investment? Turns out some mod 10 mins down the road want us. Perhaps Banbury Utd are after a feeder Club after we go into admin for the 3rd time? 3rd in the league and staring into the abyss again. Why now?It does my head in. ONLY AT SWINDON COULD THIS EVER BE ALLOWED TO HAPPEN! Since 1950

8:02am Wed 30 Jan 13

LeGod says...

This is a worrying 48 hours for all of our fans. If the deal is done in time Paolo could get funds to bring a couple of players in Madine from Sheffield Weds has been mentioned if we dont get the deal sorted in time we will be selling players to cover the rest of the wages for the season.
What a ridiculous position we have put ourselves in yet we have the best chance ever to get to the championship and as much as i respect him for putting his money in the club i think AB is being a big idiotic at the moment with what could happen if we dont sign a deal in time.
He has got some good assetts in the players a great manager, we are third in the table and we could have the rug pulled from under us. He has put 13 million in so far so with what would be required to see the season out and get us promoted his assett would be worth alot more.
Lets hope this deal gets done as we need to keep all the players and especially the manager.
Come on AB get this deal sorted today for the best of STFC.
Weve suffered enough over the years and i really do think we will get more than 10 points if we go into the dreaded A.
This is a worrying 48 hours for all of our fans. If the deal is done in time Paolo could get funds to bring a couple of players in Madine from Sheffield Weds has been mentioned if we dont get the deal sorted in time we will be selling players to cover the rest of the wages for the season. What a ridiculous position we have put ourselves in yet we have the best chance ever to get to the championship and as much as i respect him for putting his money in the club i think AB is being a big idiotic at the moment with what could happen if we dont sign a deal in time. He has got some good assetts in the players a great manager, we are third in the table and we could have the rug pulled from under us. He has put 13 million in so far so with what would be required to see the season out and get us promoted his assett would be worth alot more. Lets hope this deal gets done as we need to keep all the players and especially the manager. Come on AB get this deal sorted today for the best of STFC. Weve suffered enough over the years and i really do think we will get more than 10 points if we go into the dreaded A. LeGod

8:06am Wed 30 Jan 13

dreamofacleansheet2 says...

I've been worried about this since the moment AB mentioned the A' word. He's playing a very high stake game of poker with the potential purchaser's trying to force them to do the deal. If they don't he'll diminish our attractiveness by selling players.

The problem with this is in my experience no one likes a gun put to their head and actually if we do go into administration they will be pick the club up for a lot cheaper, even without some of our players.

It's made no sense since the start as it only reduces value of players in any "forced sale".

Was happy with a point last night in our second away game of water polo but this is what I feared from the off.

Not even I can dream this will end well, but again as I've said throughout I'd love to be proven wrong.
I've been worried about this since the moment AB mentioned the A' word. He's playing a very high stake game of poker with the potential purchaser's trying to force them to do the deal. If they don't he'll diminish our attractiveness by selling players. The problem with this is in my experience no one likes a gun put to their head and actually if we do go into administration they will be pick the club up for a lot cheaper, even without some of our players. It's made no sense since the start as it only reduces value of players in any "forced sale". Was happy with a point last night in our second away game of water polo but this is what I feared from the off. Not even I can dream this will end well, but again as I've said throughout I'd love to be proven wrong. dreamofacleansheet2

8:18am Wed 30 Jan 13

sadgit says...

Have to admit I do not fully understand the financial malarcky but it appears the optimism concerning the takeover has nosedived.
As others have said it was thought SWP was brought in to attract high level investors. Does Banbury United fit that bill?
Lets hope Paolo and the team can remain together.
Have to admit I do not fully understand the financial malarcky but it appears the optimism concerning the takeover has nosedived. As others have said it was thought SWP was brought in to attract high level investors. Does Banbury United fit that bill? Lets hope Paolo and the team can remain together. sadgit

8:23am Wed 30 Jan 13

Since 1950 says...

dreamofacleansheet2 wrote:
I've been worried about this since the moment AB mentioned the A' word. He's playing a very high stake game of poker with the potential purchaser's trying to force them to do the deal. If they don't he'll diminish our attractiveness by selling players. The problem with this is in my experience no one likes a gun put to their head and actually if we do go into administration they will be pick the club up for a lot cheaper, even without some of our players. It's made no sense since the start as it only reduces value of players in any "forced sale". Was happy with a point last night in our second away game of water polo but this is what I feared from the off. Not even I can dream this will end well, but again as I've said throughout I'd love to be proven wrong.
Agree Dreamo. No one likes a gun at their head during any negotiation.

What if these guys walk at the 11th hour? Admin then seems certain with all the horrendous ramifications that brings.

Who the hell will want to touch us with all the barge poles off the Wilts & Berks then!

Who are these investors anyway who's first foray into the game it would appear is Banbury Utd? Hope they're not Pox fans!!
[quote][p][bold]dreamofacleansheet2[/bold] wrote: I've been worried about this since the moment AB mentioned the A' word. He's playing a very high stake game of poker with the potential purchaser's trying to force them to do the deal. If they don't he'll diminish our attractiveness by selling players. The problem with this is in my experience no one likes a gun put to their head and actually if we do go into administration they will be pick the club up for a lot cheaper, even without some of our players. It's made no sense since the start as it only reduces value of players in any "forced sale". Was happy with a point last night in our second away game of water polo but this is what I feared from the off. Not even I can dream this will end well, but again as I've said throughout I'd love to be proven wrong.[/p][/quote]Agree Dreamo. No one likes a gun at their head during any negotiation. What if these guys walk at the 11th hour? Admin then seems certain with all the horrendous ramifications that brings. Who the hell will want to touch us with all the barge poles off the Wilts & Berks then! Who are these investors anyway who's first foray into the game it would appear is Banbury Utd? Hope they're not Pox fans!! Since 1950

8:26am Wed 30 Jan 13

stfclondon says...

It will be a real shame if the last 18 months or so turns out be for nothing. It's been quite a ride.

BUT.......whoever the manager is, whoever the players are, whichever league we play in, as long as the club survives then we will be there supporting them.
It will be a real shame if the last 18 months or so turns out be for nothing. It's been quite a ride. BUT.......whoever the manager is, whoever the players are, whichever league we play in, as long as the club survives then we will be there supporting them. stfclondon

8:41am Wed 30 Jan 13

SAPFanSTFC says...

Whilst I got scoffed at at the time I do go back to my initial comment regarding Watkins' upbeat comments in that he is paid to portray positivity and I wouldn't believe a word he says until the 'Sold' sign is up.
---
Equally I still struggle with this whole admin bit as the money could be written off without us losing 10 points (or more) the only thing that can be happening is that not everyone is willing to write down/off their investment, in which case it may not be AB who is causing the problem.....possibly one of the others?
Whilst I got scoffed at at the time I do go back to my initial comment regarding Watkins' upbeat comments in that he is paid to portray positivity and I wouldn't believe a word he says until the 'Sold' sign is up. --- Equally I still struggle with this whole admin bit as the money could be written off without us losing 10 points (or more) the only thing that can be happening is that not everyone is willing to write down/off their investment, in which case it may not be AB who is causing the problem.....possibly one of the others? SAPFanSTFC

8:47am Wed 30 Jan 13

John Young's Grumpy says...

Doomed, we are all doomed.....

Seriously, I understand the concerns and the worries, after all we love our club and want only the best. But the honest truth is we dont know for sure what is going on..... and that is the real cruxt of the matter.

I urge the Board, AB and those in the know to offer up the reassurance that the club will survive - and that is all. Whilst I do not want us to go into administration, I would only accept this - and player slaes, if this is the only way for us to survive. BUT - ffs look where we are! Please AB and our backers, why undo all the hard work achieved and perhaps increase your losses? Surely patience and some continued investment will pay dividends, especially given we can earn promotion? The sale of a Championship side is better than the fire sale of a club that "almost made it but for shortsightedness....
"

Whatever, once again I find myself holding on to the rollercoaster!

Bugger.
Doomed, we are all doomed..... Seriously, I understand the concerns and the worries, after all we love our club and want only the best. But the honest truth is we dont know for sure what is going on..... and that is the real cruxt of the matter. I urge the Board, AB and those in the know to offer up the reassurance that the club will survive - and that is all. Whilst I do not want us to go into administration, I would only accept this - and player slaes, if this is the only way for us to survive. BUT - ffs look where we are! Please AB and our backers, why undo all the hard work achieved and perhaps increase your losses? Surely patience and some continued investment will pay dividends, especially given we can earn promotion? The sale of a Championship side is better than the fire sale of a club that "almost made it but for shortsightedness.... " Whatever, once again I find myself holding on to the rollercoaster! Bugger. John Young's Grumpy

8:49am Wed 30 Jan 13

SAPFanSTFC says...

Thought I'd have a look to see who this Jed McCrory is and Wiki gave me a laugh:
.....
I'm hoping our electricy bills wont be going up too much:
Frankenstein (2007 film) - It was written and directed by (Jed) Mercurio , adapted from Mary ... Helen (McCrory) as Victoria Frankenstein.
....
Half director and half mad scientist's wife!!??....blimey!!
..what will happen in the physio's room?
Thought I'd have a look to see who this Jed McCrory is and Wiki gave me a laugh: ..... I'm hoping our electricy bills wont be going up too much: Frankenstein (2007 film) - It was written and directed by (Jed) Mercurio , adapted from Mary ... Helen (McCrory) as Victoria Frankenstein. .... Half director and half mad scientist's wife!!??....blimey!! ..what will happen in the physio's room? SAPFanSTFC

8:50am Wed 30 Jan 13

Med Red says...

SAPFanSTFC wrote:
Whilst I got scoffed at at the time I do go back to my initial comment regarding Watkins' upbeat comments in that he is paid to portray positivity and I wouldn't believe a word he says until the 'Sold' sign is up.
---
Equally I still struggle with this whole admin bit as the money could be written off without us losing 10 points (or more) the only thing that can be happening is that not everyone is willing to write down/off their investment, in which case it may not be AB who is causing the problem.....possibly one of the others?
I think we all know who might not be willing to write off their investment
[quote][p][bold]SAPFanSTFC[/bold] wrote: Whilst I got scoffed at at the time I do go back to my initial comment regarding Watkins' upbeat comments in that he is paid to portray positivity and I wouldn't believe a word he says until the 'Sold' sign is up. --- Equally I still struggle with this whole admin bit as the money could be written off without us losing 10 points (or more) the only thing that can be happening is that not everyone is willing to write down/off their investment, in which case it may not be AB who is causing the problem.....possibly one of the others?[/p][/quote]I think we all know who might not be willing to write off their investment Med Red

8:52am Wed 30 Jan 13

LeGod says...

So from what i can find out Jed McGory has night clubs and is a property developer and a Luton Town fan and his close friends are Brian Stein and Colin Stein but also has alot of contacts in football.
So from what i can find out Jed McGory has night clubs and is a property developer and a Luton Town fan and his close friends are Brian Stein and Colin Stein but also has alot of contacts in football. LeGod

8:52am Wed 30 Jan 13

akershaker says...

All this is overhyped speculation on an old story picked up by a national paper. The club will not go into administration while Mr Black remains the owner because the main point if administration is to restructure debt and its all owned and owed to the same person.
It is not a five minute negotiation to sell a football club. We just need to be patient and wait to see what comes out. Calling for public statments about private negotiations that won't clear anything up or help at all is ridiculous.
Yesterday, the adver had a piece about Paolo looking to bring in players before the transfer window ended; today the fans think the whole squad is for sale and we're all going to hell in a handcart.
Some perspective needed
All this is overhyped speculation on an old story picked up by a national paper. The club will not go into administration while Mr Black remains the owner because the main point if administration is to restructure debt and its all owned and owed to the same person. It is not a five minute negotiation to sell a football club. We just need to be patient and wait to see what comes out. Calling for public statments about private negotiations that won't clear anything up or help at all is ridiculous. Yesterday, the adver had a piece about Paolo looking to bring in players before the transfer window ended; today the fans think the whole squad is for sale and we're all going to hell in a handcart. Some perspective needed akershaker

8:58am Wed 30 Jan 13

Oi Den! says...

I think this all goes to disprove the notion of "internal" loans. The Football League Paper may have got it badly wrong but the fundamental truth is that we are £13m in debt. The debt that was there when AB and co took over is still there, it's just that it's been transferred to them - and they are no longer "internal" people once they decide to pull out.
I think this all goes to disprove the notion of "internal" loans. The Football League Paper may have got it badly wrong but the fundamental truth is that we are £13m in debt. The debt that was there when AB and co took over is still there, it's just that it's been transferred to them - and they are no longer "internal" people once they decide to pull out. Oi Den!

9:11am Wed 30 Jan 13

Stilloyal says...

Stop panicking ! If you believe everything that is printed in the press then you will be pleased to know that we are about to sign Bradley Wright-Phillips.

This story appears in the Sun today and I have as much faith in that as I do in the "Buy in the next 24 hrs or else" story.
Of course it is a bit of a concern but people ( media and fans) keep putting 2 + 2 and making 5.

Chris White doesn't help he's a very negative sports reporter & commontater , he never says anything positive about the club he's meant to support. He really winds me up when I have to listen to him on the radio, for gods sake man get a grip !
Stop panicking ! If you believe everything that is printed in the press then you will be pleased to know that we are about to sign Bradley Wright-Phillips. This story appears in the Sun today and I have as much faith in that as I do in the "Buy in the next 24 hrs or else" story. Of course it is a bit of a concern but people ( media and fans) keep putting 2 + 2 and making 5. Chris White doesn't help he's a very negative sports reporter & commontater , he never says anything positive about the club he's meant to support. He really winds me up when I have to listen to him on the radio, for gods sake man get a grip ! Stilloyal

9:12am Wed 30 Jan 13

Wonder Strike says...

Seems a bit strange why it's suddenly a mad rush to sell. Surely with 4 parties one must be willing to buy. Is it a case of trying to speed up a sale and put pressure on the buyers?

We have a real shot at Championship football, this season or next, can't see why all that work would be wasted.
Seems a bit strange why it's suddenly a mad rush to sell. Surely with 4 parties one must be willing to buy. Is it a case of trying to speed up a sale and put pressure on the buyers? We have a real shot at Championship football, this season or next, can't see why all that work would be wasted. Wonder Strike

9:15am Wed 30 Jan 13

Is that you Lovesey says...

If you remember back to the Fitton consortium taking over, they turned around and walked away from the deal when deadlines were put in place and came back when the previous owners talked sense.... I dont see why Patey was bought in to find the level of buyer we are talking about, maybe the other ex directors owed money are not willing to write enough of it down to make the deal happen, which means we
A. Put the club in administration which means the money will be written down and everyone loses, club fans and directors.
B. sell players and pay some of the debt off so that the takeover can happen without the points deduction.

Either one isn't good.
If you remember back to the Fitton consortium taking over, they turned around and walked away from the deal when deadlines were put in place and came back when the previous owners talked sense.... I dont see why Patey was bought in to find the level of buyer we are talking about, maybe the other ex directors owed money are not willing to write enough of it down to make the deal happen, which means we A. Put the club in administration which means the money will be written down and everyone loses, club fans and directors. B. sell players and pay some of the debt off so that the takeover can happen without the points deduction. Either one isn't good. Is that you Lovesey

9:16am Wed 30 Jan 13

Since 1950 says...

John Young's Grumpy wrote:
Doomed, we are all doomed..... Seriously, I understand the concerns and the worries, after all we love our club and want only the best. But the honest truth is we dont know for sure what is going on..... and that is the real cruxt of the matter. I urge the Board, AB and those in the know to offer up the reassurance that the club will survive - and that is all. Whilst I do not want us to go into administration, I would only accept this - and player slaes, if this is the only way for us to survive. BUT - ffs look where we are! Please AB and our backers, why undo all the hard work achieved and perhaps increase your losses? Surely patience and some continued investment will pay dividends, especially given we can earn promotion? The sale of a Championship side is better than the fire sale of a club that "almost made it but for shortsightedness.... " Whatever, once again I find myself holding on to the rollercoaster! Bugger.
I don't think it is the fact that the club is up for sale J.Y; it's the timing of it that is the worry.

Could it have come at a worse time one way and another?

Surely AB must have known at the start of the season that he wanted out, or at least some doubt about his willingness or ability to continue funding the club. Why didn't he sell then?
[quote][p][bold]John Young's Grumpy[/bold] wrote: Doomed, we are all doomed..... Seriously, I understand the concerns and the worries, after all we love our club and want only the best. But the honest truth is we dont know for sure what is going on..... and that is the real cruxt of the matter. I urge the Board, AB and those in the know to offer up the reassurance that the club will survive - and that is all. Whilst I do not want us to go into administration, I would only accept this - and player slaes, if this is the only way for us to survive. BUT - ffs look where we are! Please AB and our backers, why undo all the hard work achieved and perhaps increase your losses? Surely patience and some continued investment will pay dividends, especially given we can earn promotion? The sale of a Championship side is better than the fire sale of a club that "almost made it but for shortsightedness.... " Whatever, once again I find myself holding on to the rollercoaster! Bugger.[/p][/quote]I don't think it is the fact that the club is up for sale J.Y; it's the timing of it that is the worry. Could it have come at a worse time one way and another? Surely AB must have known at the start of the season that he wanted out, or at least some doubt about his willingness or ability to continue funding the club. Why didn't he sell then? Since 1950

9:18am Wed 30 Jan 13

Davidsyrett says...

I think the end of month deadline is to do with the players wages, they have to be paid and there is no money in the pot to pay them, unless, as AB has been doing for the last couple of years he puts more money into the club which has said he will not do.

Therefore if the deal is not tied up today, we will have to sell players tomorrow or Friday I guess we will be in administration.

Ritchie and Collins the most likely to go although whether there are bids on the table for either of them I have no idea, A deal for Austin may also help but I doubt whether our part of the fee will come though that quickly

Worrying times for sure, lets hope a deal can be done today
I think the end of month deadline is to do with the players wages, they have to be paid and there is no money in the pot to pay them, unless, as AB has been doing for the last couple of years he puts more money into the club which has said he will not do. Therefore if the deal is not tied up today, we will have to sell players tomorrow or Friday I guess we will be in administration. Ritchie and Collins the most likely to go although whether there are bids on the table for either of them I have no idea, A deal for Austin may also help but I doubt whether our part of the fee will come though that quickly Worrying times for sure, lets hope a deal can be done today Davidsyrett

9:18am Wed 30 Jan 13

John Young's Grumpy says...

akershaker wrote:
All this is overhyped speculation on an old story picked up by a national paper. The club will not go into administration while Mr Black remains the owner because the main point if administration is to restructure debt and its all owned and owed to the same person. It is not a five minute negotiation to sell a football club. We just need to be patient and wait to see what comes out. Calling for public statments about private negotiations that won't clear anything up or help at all is ridiculous. Yesterday, the adver had a piece about Paolo looking to bring in players before the transfer window ended; today the fans think the whole squad is for sale and we're all going to hell in a handcart. Some perspective needed
Well said akershaker.

I now feel (rightly) chastised as I was slipping into the doom and gloom mood.

Also OiDen! whilst I see your point of view, I cling to the fact that 'we' don't have £13m debt, the owners do. I am not being picky but emphasise this because I just can't see why they would not want the best possible return for their investment and whilst I am not a financial (football aspect) expert, I cant see how administration helps them get ALL their money back?
[quote][p][bold]akershaker[/bold] wrote: All this is overhyped speculation on an old story picked up by a national paper. The club will not go into administration while Mr Black remains the owner because the main point if administration is to restructure debt and its all owned and owed to the same person. It is not a five minute negotiation to sell a football club. We just need to be patient and wait to see what comes out. Calling for public statments about private negotiations that won't clear anything up or help at all is ridiculous. Yesterday, the adver had a piece about Paolo looking to bring in players before the transfer window ended; today the fans think the whole squad is for sale and we're all going to hell in a handcart. Some perspective needed[/p][/quote]Well said akershaker. I now feel (rightly) chastised as I was slipping into the doom and gloom mood. Also OiDen! whilst I see your point of view, I cling to the fact that 'we' don't have £13m debt, the owners do. I am not being picky but emphasise this because I just can't see why they would not want the best possible return for their investment and whilst I am not a financial (football aspect) expert, I cant see how administration helps them get ALL their money back? John Young's Grumpy

9:21am Wed 30 Jan 13

batch says...

Oi Den! wrote:
I think this all goes to disprove the notion of "internal" loans. The Football League Paper may have got it badly wrong but the fundamental truth is that we are £13m in debt. The debt that was there when AB and co took over is still there, it's just that it's been transferred to them - and they are no longer "internal" people once they decide to pull out.
No it doesn't. The £13M debt isn't likely to be an issue as such, its the day to day costs of running a club.

If anything it highlights the dangers of what happens when you have a single benefactor covering a budgeted loss, then for whatever reason decides not to put more money in.

Must add I've no idea if we are under/over/on track with the original budget. i.e. whether Black has decided not to continue with what he said he'd put in, or whether he put what he said he would for this season but we have spent it all.
[quote][p][bold]Oi Den![/bold] wrote: I think this all goes to disprove the notion of "internal" loans. The Football League Paper may have got it badly wrong but the fundamental truth is that we are £13m in debt. The debt that was there when AB and co took over is still there, it's just that it's been transferred to them - and they are no longer "internal" people once they decide to pull out.[/p][/quote]No it doesn't. The £13M debt isn't likely to be an issue as such, its the day to day costs of running a club. If anything it highlights the dangers of what happens when you have a single benefactor covering a budgeted loss, then for whatever reason decides not to put more money in. Must add I've no idea if we are under/over/on track with the original budget. i.e. whether Black has decided not to continue with what he said he'd put in, or whether he put what he said he would for this season but we have spent it all. batch

9:22am Wed 30 Jan 13

LeGod says...

Here is some info on the guy if anyone want to view it. close to Stein and is also heavily involved in funding and sport as well as buisness property development.

http://www.linkedin.
com/pub/jed-mccrory/
17/599/534
Here is some info on the guy if anyone want to view it. close to Stein and is also heavily involved in funding and sport as well as buisness property development. http://www.linkedin. com/pub/jed-mccrory/ 17/599/534 LeGod

9:33am Wed 30 Jan 13

stfctrowbridgepaul says...

The suns rumour is Bradley wright Phillips on Loan
The suns rumour is Bradley wright Phillips on Loan stfctrowbridgepaul

9:35am Wed 30 Jan 13

SAPFanSTFC says...

Stilloyal wrote:
Stop panicking ! If you believe everything that is printed in the press then you will be pleased to know that we are about to sign Bradley Wright-Phillips.

This story appears in the Sun today and I have as much faith in that as I do in the "Buy in the next 24 hrs or else" story.
Of course it is a bit of a concern but people ( media and fans) keep putting 2 + 2 and making 5.

Chris White doesn't help he's a very negative sports reporter & commontater , he never says anything positive about the club he's meant to support. He really winds me up when I have to listen to him on the radio, for gods sake man get a grip !
The Daily Slime that is the mail seem to have it in for us at the moment - yesterday a certain 'so called' journalist of the year was ranting at the injustice of attention for the Chelski ball boy incident yet our very own Matt Ritchie got off with a yellow card for his moment at the Pox.....
---
The general comment was how dare they do it to him when Ritchie got off with a slap on the wrist!?....I've only seen TV coverage of both incidents but you have to wonder at times!!
[quote][p][bold]Stilloyal[/bold] wrote: Stop panicking ! If you believe everything that is printed in the press then you will be pleased to know that we are about to sign Bradley Wright-Phillips. This story appears in the Sun today and I have as much faith in that as I do in the "Buy in the next 24 hrs or else" story. Of course it is a bit of a concern but people ( media and fans) keep putting 2 + 2 and making 5. Chris White doesn't help he's a very negative sports reporter & commontater , he never says anything positive about the club he's meant to support. He really winds me up when I have to listen to him on the radio, for gods sake man get a grip ![/p][/quote]The Daily Slime that is the mail seem to have it in for us at the moment - yesterday a certain 'so called' journalist of the year was ranting at the injustice of attention for the Chelski ball boy incident yet our very own Matt Ritchie got off with a yellow card for his moment at the Pox..... --- The general comment was how dare they do it to him when Ritchie got off with a slap on the wrist!?....I've only seen TV coverage of both incidents but you have to wonder at times!! SAPFanSTFC

9:36am Wed 30 Jan 13

RogerJ1969 says...

We're all dooomed!!!

Come on, yesterday was positive, have a bit of faith in those involved with the Club, no doubt things are happening behind the scenes hour by hour.
I beleive the 'A' word is not something to worry about although it may be there is no time to bring in players and perhaps CM will go back to Norwich after Saturday and return once the deal is done.
We're all dooomed!!! Come on, yesterday was positive, have a bit of faith in those involved with the Club, no doubt things are happening behind the scenes hour by hour. I beleive the 'A' word is not something to worry about although it may be there is no time to bring in players and perhaps CM will go back to Norwich after Saturday and return once the deal is done. RogerJ1969

9:37am Wed 30 Jan 13

the wizard says...

The thing is Black,Arbib,Backhous
e, Fitton, Wray and Watkins were all willing to come here in the beginning. They knew what they were getting into and they also were willing to part with their money, all be it up to a point.
So then comes along one, two and now three ressessions, global turmoil on the stock markets etc. So Black wants some of his money back and doesn't want to put any more in, despite the fact we are now playing better and going forward better than ever before during his tenure at the club. Like others I cannot see the point of cutting off his nose to spite his face, unless, he has some pretty massive commitments elsewhere where the money is now desperately needed. After all it is stated he is putting in around £250k a month. One pound is a lot if you haven't got it, let alone £250k. Don't forget, he wanted shot last summer, so by now he has committed at least another £2Million or more over and above what he was prepared to do. I think that shows some pretty determined positive commitment to this club. I just hope now that he is prepared to see out a couple more weeks given we now have a few buyers in abeyance waiting their turn to commit to this club and hopefully pay him what he is looking for in real terms. As for the Daily Mail, probably not worth the paper its printed on.

As goes Jay, he has money invested, but in real terms its all tied up, £13M is a lot to find and in an unsure market with our third ressession looming, its not going to be easy to find. Lets hope his cohorts are better fettled than he is.
The thing is Black,Arbib,Backhous e, Fitton, Wray and Watkins were all willing to come here in the beginning. They knew what they were getting into and they also were willing to part with their money, all be it up to a point. So then comes along one, two and now three ressessions, global turmoil on the stock markets etc. So Black wants some of his money back and doesn't want to put any more in, despite the fact we are now playing better and going forward better than ever before during his tenure at the club. Like others I cannot see the point of cutting off his nose to spite his face, unless, he has some pretty massive commitments elsewhere where the money is now desperately needed. After all it is stated he is putting in around £250k a month. One pound is a lot if you haven't got it, let alone £250k. Don't forget, he wanted shot last summer, so by now he has committed at least another £2Million or more over and above what he was prepared to do. I think that shows some pretty determined positive commitment to this club. I just hope now that he is prepared to see out a couple more weeks given we now have a few buyers in abeyance waiting their turn to commit to this club and hopefully pay him what he is looking for in real terms. As for the Daily Mail, probably not worth the paper its printed on. As goes Jay, he has money invested, but in real terms its all tied up, £13M is a lot to find and in an unsure market with our third ressession looming, its not going to be easy to find. Lets hope his cohorts are better fettled than he is. the wizard

9:42am Wed 30 Jan 13

stfctrowbridgepaul says...

The suns rumour is Bradley wright Phillips on Loan check your wallets town fans and players but I know it's not true
The suns rumour is Bradley wright Phillips on Loan check your wallets town fans and players but I know it's not true stfctrowbridgepaul

10:42am Wed 30 Jan 13

madterrier says...

We're going to have to go over old ground once again.

Black has changed his mind, and wants out. There might have been a (loss making) budget in place once, but now he doesn't want to pay operating losses for even a month longer.

He's appointed professional advisors (administrators) to calculate for him which route will minimise his losses in exiting, and he hired Patey to try and find new owners.

The 31 January deadline was set almost certainly to coincide with the closing of the transfer window.

In stark terms there are two outcomes: 1. New owners are found and they pay a sum of money for a portion of the debts, and to take on the assets (our players, well some of them anyway) and drive for the Championship. 2. No owners are found before 31 January and the club is placed into administration and players are sold to realise the value of the assets.

What would have helped is if Black had decided upon this course of action a little earlier, to give at least a couple of months to find new owners before the end of January. It's too rushed.

Hard to believe that someone (e.g. Patey) isn't holding parallel, secret talks about potential sales of players, because there isn't much time left. If the taleover doesn;t go through in time, there isn't much time left in the transfer window, which would sound like firesale at knock-down prices. On the other hand Portsmouth were allowed to sell players outside the transfer window a couple of years ago, so a precedent might have been set.

What he would lose by placing the club into administration is the sell-on fee for Austin. Unless he moves in the next 48 hours, it won't be until the summer.

Nervous times indeed.
We're going to have to go over old ground once again. Black has changed his mind, and wants out. There might have been a (loss making) budget in place once, but now he doesn't want to pay operating losses for even a month longer. He's appointed professional advisors (administrators) to calculate for him which route will minimise his losses in exiting, and he hired Patey to try and find new owners. The 31 January deadline was set almost certainly to coincide with the closing of the transfer window. In stark terms there are two outcomes: 1. New owners are found and they pay a sum of money for a portion of the debts, and to take on the assets (our players, well some of them anyway) and drive for the Championship. 2. No owners are found before 31 January and the club is placed into administration and players are sold to realise the value of the assets. What would have helped is if Black had decided upon this course of action a little earlier, to give at least a couple of months to find new owners before the end of January. It's too rushed. Hard to believe that someone (e.g. Patey) isn't holding parallel, secret talks about potential sales of players, because there isn't much time left. If the taleover doesn;t go through in time, there isn't much time left in the transfer window, which would sound like firesale at knock-down prices. On the other hand Portsmouth were allowed to sell players outside the transfer window a couple of years ago, so a precedent might have been set. What he would lose by placing the club into administration is the sell-on fee for Austin. Unless he moves in the next 48 hours, it won't be until the summer. Nervous times indeed. madterrier

10:42am Wed 30 Jan 13

swwindon61uk says...

grove red wrote:
In the daily mail this morning hope this is not true and a copy of the FL paper.
Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours.

A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators.

As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move.


Read more: http://www.dailymail

.co.uk/sport/footbal

l/article-2270370/Pa

olo-Di-Canio-faces-u

ncertain-future-Swin

don-Town-administrat

ors.html#ixzz2JRFiFS

xD
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Wonder when PDC was meant to have said this?
He seemed reasonably upbeat in his post-match interview last night and to me it come across he was not overly concerned what is happening regarding the takeover.
Lot dots and I's to go over,i am sure something will get done.
Still does not stopping me fretting being a town fan of 44 years!!
[quote][p][bold]grove red[/bold] wrote: In the daily mail this morning hope this is not true and a copy of the FL paper. Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours. A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators. As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move. Read more: http://www.dailymail .co.uk/sport/footbal l/article-2270370/Pa olo-Di-Canio-faces-u ncertain-future-Swin don-Town-administrat ors.html#ixzz2JRFiFS xD Follow us: @MailOnline on Twitter | DailyMail on Facebook[/p][/quote]Wonder when PDC was meant to have said this? He seemed reasonably upbeat in his post-match interview last night and to me it come across he was not overly concerned what is happening regarding the takeover. Lot dots and I's to go over,i am sure something will get done. Still does not stopping me fretting being a town fan of 44 years!! swwindon61uk

10:48am Wed 30 Jan 13

Not so Smart Roger says...

Adver Sam is hearing snippets of positive news this morning, according to Twitter. Perhaps today is not going to deliver the gloomy outcome that many of us have been expecting. Fingers very much crossed!!!
Adver Sam is hearing snippets of positive news this morning, according to Twitter. Perhaps today is not going to deliver the gloomy outcome that many of us have been expecting. Fingers very much crossed!!! Not so Smart Roger

10:55am Wed 30 Jan 13

the wizard says...

swwindon61uk wrote:
grove red wrote:
In the daily mail this morning hope this is not true and a copy of the FL paper.
Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours.

A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators.

As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move.


Read more: http://www.dailymail


.co.uk/sport/footbal


l/article-2270370/Pa


olo-Di-Canio-faces-u


ncertain-future-Swin


don-Town-administrat


ors.html#ixzz2JRFiFS


xD
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Wonder when PDC was meant to have said this?
He seemed reasonably upbeat in his post-match interview last night and to me it come across he was not overly concerned what is happening regarding the takeover.
Lot dots and I's to go over,i am sure something will get done.
Still does not stopping me fretting being a town fan of 44 years!!
There is no direct quote in this article, its all conjecture.
[quote][p][bold]swwindon61uk[/bold] wrote: [quote][p][bold]grove red[/bold] wrote: In the daily mail this morning hope this is not true and a copy of the FL paper. Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours. A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators. As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move. Read more: http://www.dailymail .co.uk/sport/footbal l/article-2270370/Pa olo-Di-Canio-faces-u ncertain-future-Swin don-Town-administrat ors.html#ixzz2JRFiFS xD Follow us: @MailOnline on Twitter | DailyMail on Facebook[/p][/quote]Wonder when PDC was meant to have said this? He seemed reasonably upbeat in his post-match interview last night and to me it come across he was not overly concerned what is happening regarding the takeover. Lot dots and I's to go over,i am sure something will get done. Still does not stopping me fretting being a town fan of 44 years!![/p][/quote]There is no direct quote in this article, its all conjecture. the wizard

11:00am Wed 30 Jan 13

MITTED says...

grove red wrote:
In the daily mail this morning hope this is not true and a copy of the FL paper.
Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours.

A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators.

As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move.


Read more: http://www.dailymail

.co.uk/sport/footbal

l/article-2270370/Pa

olo-Di-Canio-faces-u

ncertain-future-Swin

don-Town-administrat

ors.html#ixzz2JRFiFS

xD
Follow us: @MailOnline on Twitter | DailyMail on Facebook
This is nothing but a story cobbled together - 100% lazy journalism (just like another rag of a paper that we all know about) trying to create sensationalist headlines.

Why do people buy these rags? It's beyond me.
COYR
[quote][p][bold]grove red[/bold] wrote: In the daily mail this morning hope this is not true and a copy of the FL paper. Paolo Di Canio is facing an increasingly uncertain future at Swindon, amid claims the financially stricken League One club will go into administration in the next 24 hours. A desperate search for new investment to help offset debts of around £13m appears to have failed and left club bosses fearing they may have little alternative but to call in the administrators. As a consequence, Swindon’s entire first-team squad would be put up for sale, in a move that would leave Di Canio agonising over his next move. Read more: http://www.dailymail .co.uk/sport/footbal l/article-2270370/Pa olo-Di-Canio-faces-u ncertain-future-Swin don-Town-administrat ors.html#ixzz2JRFiFS xD Follow us: @MailOnline on Twitter | DailyMail on Facebook[/p][/quote]This is nothing but a story cobbled together - 100% lazy journalism (just like another rag of a paper that we all know about) trying to create sensationalist headlines. Why do people buy these rags? It's beyond me. COYR MITTED

11:15am Wed 30 Jan 13

Oxon-Red says...

Lot of speculation when no one actually knows except the Board and the potential buyers. The McCrory rumour was started last night and that is all it might be.

The budget was set at the start of the season and I believe we are operating within it. I don't know the ins and outs but would like to believe that the money for the budget is there and available to the club so no sale of players or admin.

On the deadline, is there one or is the rush to actually allow Town to receive additional funds before deadline day ? If the latter then we may just have to settle on the players we have for the remainder of the season with negotiations with new prospective owners continuing at a less frenetic pace.

The whole article by Sam is made up of IFs, BUTs and MAYBEs. At the end of the day, Que sera sera...

COYMR
Lot of speculation when no one actually knows except the Board and the potential buyers. The McCrory rumour was started last night and that is all it might be. The budget was set at the start of the season and I believe we are operating within it. I don't know the ins and outs but would like to believe that the money for the budget is there and available to the club so no sale of players or admin. On the deadline, is there one or is the rush to actually allow Town to receive additional funds before deadline day ? If the latter then we may just have to settle on the players we have for the remainder of the season with negotiations with new prospective owners continuing at a less frenetic pace. The whole article by Sam is made up of IFs, BUTs and MAYBEs. At the end of the day, Que sera sera... COYMR Oxon-Red

12:22pm Wed 30 Jan 13

the wizard says...

At least we are talking to investors and as long as that is ongoing there is hope of a satisfactory outcome and solution.
At least we are talking to investors and as long as that is ongoing there is hope of a satisfactory outcome and solution. the wizard

12:24pm Wed 30 Jan 13

the wizard says...

Breaking news in case you are monitoring just this thread,

http://www.thisisswi
ndontownfc.co.uk/new
s/10194388.Town_take
over_complete_subjec
t_to_Football_League
_approval/



Yes, indeedy
Breaking news in case you are monitoring just this thread, http://www.thisisswi ndontownfc.co.uk/new s/10194388.Town_take over_complete_subjec t_to_Football_League _approval/ Yes, indeedy the wizard

1:10pm Wed 30 Jan 13

Oi Den! says...

John Young's Grumpy wrote:
akershaker wrote:
All this is overhyped speculation on an old story picked up by a national paper. The club will not go into administration while Mr Black remains the owner because the main point if administration is to restructure debt and its all owned and owed to the same person. It is not a five minute negotiation to sell a football club. We just need to be patient and wait to see what comes out. Calling for public statments about private negotiations that won't clear anything up or help at all is ridiculous. Yesterday, the adver had a piece about Paolo looking to bring in players before the transfer window ended; today the fans think the whole squad is for sale and we're all going to hell in a handcart. Some perspective needed
Well said akershaker.

I now feel (rightly) chastised as I was slipping into the doom and gloom mood.

Also OiDen! whilst I see your point of view, I cling to the fact that 'we' don't have £13m debt, the owners do. I am not being picky but emphasise this because I just can't see why they would not want the best possible return for their investment and whilst I am not a financial (football aspect) expert, I cant see how administration helps them get ALL their money back?
The club owes the money to the people who lent it to them, i.e. the (soon to be former) owners. Anyway, it seems this is all being overtaken by events now.
[quote][p][bold]John Young's Grumpy[/bold] wrote: [quote][p][bold]akershaker[/bold] wrote: All this is overhyped speculation on an old story picked up by a national paper. The club will not go into administration while Mr Black remains the owner because the main point if administration is to restructure debt and its all owned and owed to the same person. It is not a five minute negotiation to sell a football club. We just need to be patient and wait to see what comes out. Calling for public statments about private negotiations that won't clear anything up or help at all is ridiculous. Yesterday, the adver had a piece about Paolo looking to bring in players before the transfer window ended; today the fans think the whole squad is for sale and we're all going to hell in a handcart. Some perspective needed[/p][/quote]Well said akershaker. I now feel (rightly) chastised as I was slipping into the doom and gloom mood. Also OiDen! whilst I see your point of view, I cling to the fact that 'we' don't have £13m debt, the owners do. I am not being picky but emphasise this because I just can't see why they would not want the best possible return for their investment and whilst I am not a financial (football aspect) expert, I cant see how administration helps them get ALL their money back?[/p][/quote]The club owes the money to the people who lent it to them, i.e. the (soon to be former) owners. Anyway, it seems this is all being overtaken by events now. Oi Den!

1:37pm Wed 30 Jan 13

StillPav says...

Why are people saying that if the club goes into administration AB gets nothing? He is the main creditor. If someone buys the club out of administration (with the debts removed) for £5m or even £10m, the majority of that will go to AB. Alternatively, if someone buys the club with its £13m of debt in place for say one pound, AB gets nothing but an IOU which may or may not be paid back at some point in the future.
Why are people saying that if the club goes into administration AB gets nothing? He is the main creditor. If someone buys the club out of administration (with the debts removed) for £5m or even £10m, the majority of that will go to AB. Alternatively, if someone buys the club with its £13m of debt in place for say one pound, AB gets nothing but an IOU which may or may not be paid back at some point in the future. StillPav

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