Watkins urges Town fans to relax as talks reach advanced stage (From Swindon Advertiser)
Get involved! Send photos, video, news & views. Text SWINDON NEWS to 80360 or email us
Watkins urges Town fans to relax as talks reach advanced stage
6:00am Thursday 24th January 2013 in STFC News Exclusive By Sam Morshead
Town chief executive Nick Watkins
SWINDON Town chief executive Nick Watkins has confirmed that talks with a handful of potential new owners are at “an advanced stage”.
The Robins are currently negotiating the sale of a large chunk of majority shareholder Andrew Black’s 98 per cent stake in Town, after the Betfair founder stated that he is unwilling to pump any more of his personal wealth into the club.
The Advertiser understands there remain three parties whose interest is being treated with serious consideration by the Swindon board, of which one is believed to be ahead in their discussions.
It is understood that a deal could be reached as early as next week.
A new foreign owner is still not out of the question, but the Adver has learnt that a domestic consortium is currently leading the way.
Watkins moved to ease fans’ worries by emphasising that talks regarding a potential takeover at the County Ground remain positive.
“STFC appreciates that the fanbase is anxious for news pertaining to the introduction of new investors to replace Andrew Black,” he said.
“Since Andrew Black announced his desire to exit Swindon Town, some members of the STFC board have been working intensely in an effort to identify new investors and secure their interest.
“A number of potential investor groups have been identified and discussions with some are at an advanced stage but there is still some work to do, in order to bring this interest successfully home.
“Due diligence should take limited time because everything is prepared and the club records are very detailed, but time remains the issue and everything is being done achieve the time lines.”
Away from the boardroom, the Advertiser has been told that reports linking Crystal Palace with a bid for Matt Ritchie are wide of the mark. It is understood that no formal approaches have been received for the winger.
Meanwhile, two products of Swindon’s youth academy were yesterday day called up as standby to the Wales Under 21 squad for the clash with Iceland.
Aaron Oakley and Louis Thompson could now feature in the friendly, which is due to take place on February 6.
Finally, Town have announced an open training session will be held at the County Ground on Wednesday, February 13 - between 10am and 1pm - which fans are welcome to attend for free.
Four new dates have also been announced for stadium tours during the February half-term, priced at £8 for adults and £4 for concessions. The tours are scheduled to run between February 11 and 15. For more information and to book your place email chris@swindontownfc.co.uk or call 08448801101.
Comments(122)
mallorca
says...
6:21am Thu 24 Jan 13
However is a worrying time.
Ollie Reed's Parky dance!
says...
6:36am Thu 24 Jan 13
stfc2012
says...
6:44am Thu 24 Jan 13
stfclondon
says...
6:45am Thu 24 Jan 13
“Due diligence should take limited time because everything is prepared and the club records are very detailed..."
No more skeletons in the closet, like in the bad old days. We should be very grateful for what the current regime has done for our club - I include Wray, Fitton et al in that.
DarrenSTFCRomain
says...
6:52am Thu 24 Jan 13
Dont 4get..
WERE NEVER DIE
WERE KEEP THE RED FLAG FLYING HIGH AS
SWINDON TOWN
WILL NEVER DIE...
peatmoor pirate
says...
6:58am Thu 24 Jan 13
KojaktheWarg
says...
7:13am Thu 24 Jan 13
stfc2012 wrote:...for £500,000 according to the daily mail. Thats what we turned down from Bournemouth so Palace clearly think we have a fire sale!? -
Palace in for Ritchie. Source Sky Sports.
In todays market that is puny for someone so good. Keep him on!
Exmouth_red69
says...
7:24am Thu 24 Jan 13
stfc2012 wrote:Millwall also showing interest! let's hope we price him out of a move.
Palace in for Ritchie. Source Sky Sports.
Rebel_phish
says...
7:33am Thu 24 Jan 13
If the aim is still for promotion in 1/2 seasons, why sell your core squad players? The new boys will want to see results and I would think the aim is to get Championship football as soon as.
International Robin2
says...
7:40am Thu 24 Jan 13
ShearerShearer
says...
7:55am Thu 24 Jan 13
On another subject just watched the "Hazard incident".
Is the ball boy's surname Suarez?
Quite clearly he kicks under his body at the ball, sending off was a joke (an no I'm not a Chelski fan, Im quite happy to see Swansea v Bradford in the final).
Stickshaker
says...
8:02am Thu 24 Jan 13
.
Reg says so!
dreamofacleansheet2
says...
8:27am Thu 24 Jan 13
Dear Mr Watkins
I'll relax when you come out and tell me the ink is dry on the contracts and we know who it is. Until then you're having a laugh. Nothing to relax about but I look forward to be proven wrong.
I look forward to hearing from you as soon as possible...
Yours forever a Town fan
Dreamo
London Red
says...
8:40am Thu 24 Jan 13
.
Both would have had it spelt out to them that not moving would see administration so told to go - like Ndah was (turned down Portsmouth before being told to go to Wolves)
.
Bournemouth offered about 900k in the end so we will not sell for £500k
.
Ritchie will still be our player for Crawley
SAPFanSTFC
says...
8:43am Thu 24 Jan 13
dreamofacleansheet2 wrote::-)
Mmm here we go, hang in everyone. As I said last week when Watkins said 7 potential investors. It meant one or two. Now we are down to an official three that is probably one. We only need one but I remain extremely nervous about this.
Dear Mr Watkins
I'll relax when you come out and tell me the ink is dry on the contracts and we know who it is. Until then you're having a laugh. Nothing to relax about but I look forward to be proven wrong.
I look forward to hearing from you as soon as possible...
Yours forever a Town fan
Dreamo
----
I never trust anything he say's now as he is there for one thing and one thing only..."aren't things wonderful..." and "everything is fine..." that is his job.
---.
I'm sure things are progressing but I'll wait to hear see the sold sign put up - and not the one with 'Subject to Contract' tagged across it.
Oxon-Red
says...
8:48am Thu 24 Jan 13
Hopefully they will recognise what a great chance we have of achieving promotion and invest initially to allow Paolo to sign Martin, Hollands and perhaps one more until the end of the season.
COYMR
mallorca
says...
9:08am Thu 24 Jan 13
At this time befor a pontial sale of the club i do think it would be wise for all to remain in place.
as posts have said that Fl Paper ,plus BBC have a lot to answer fot and certain TV Pundits alas the damage has been donr.
One last point would be nice to see JW back at HIS club
Rebel_phish
says...
9:16am Thu 24 Jan 13
London Red
says...
9:20am Thu 24 Jan 13
.
Seems PdC is the real key here - if he is staying players like Ritchie are staying!
.
avo
says...
9:25am Thu 24 Jan 13
...
.
1 week on, 4 potential investors gone.
.
we only need 1 tho folks.
avo
says...
9:26am Thu 24 Jan 13
Another view
says...
9:30am Thu 24 Jan 13
the don69
says...
9:31am Thu 24 Jan 13
London Red wrote:Yes your right LR Paolo is the key!so we don't want Mr Fitton any where near Paolo,cause there chalk and cheese and it would be bye-bye Paolo if he comes back!!!!!!!!!
BBC have a stiory on this and Matt doesn't seem to bothered by it - says he is flattered but happy at STFC and thinks we can go far especially under PdC
.
Seems PdC is the real key here - if he is staying players like Ritchie are staying!
.
Old-Stager, Hilperton
says...
9:44am Thu 24 Jan 13
the don69 wrote:Surely we would all give Andrew Fitton a very warm welcome back to the County Ground !
London Red wrote:Yes your right LR Paolo is the key!so we don't want Mr Fitton any where near Paolo,cause there chalk and cheese and it would be bye-bye Paolo if he comes back!!!!!!!!!
BBC have a stiory on this and Matt doesn't seem to bothered by it - says he is flattered but happy at STFC and thinks we can go far especially under PdC
.
Seems PdC is the real key here - if he is staying players like Ritchie are staying!
.
billbst
says...
9:51am Thu 24 Jan 13
Wonder Strike
says...
9:57am Thu 24 Jan 13
Med Red
says...
9:58am Thu 24 Jan 13
Old-Stager, Hilperton wrote:Fitton back as Chairman would be a disaster. Paolo would leave, players would be sold to balance the books and relegation would loom large...... why would anyone want that back?
the don69 wrote:Surely we would all give Andrew Fitton a very warm welcome back to the County Ground !
London Red wrote:Yes your right LR Paolo is the key!so we don't want Mr Fitton any where near Paolo,cause there chalk and cheese and it would be bye-bye Paolo if he comes back!!!!!!!!!
BBC have a stiory on this and Matt doesn't seem to bothered by it - says he is flattered but happy at STFC and thinks we can go far especially under PdC
.
Seems PdC is the real key here - if he is staying players like Ritchie are staying!
.
Bring back J Wray!!
sadgit
says...
10:10am Thu 24 Jan 13
Lets hope there are more favourable options.
mallorca
says...
10:16am Thu 24 Jan 13
All we have been told there pontential buyers.
If it comes down to wire do we want AF etc or possible administration?????
For me any option without administration has to be considered.OK AF made a few mistakes so has Pdc so lets await the outcome.
All I truly hope is we find people who will take the club forward.
I also wish Swindon council could give the club a bit of support as what would they do with the CG if the club folds,BUILD HOUSES no doubt_????especially when e have been told it's for sports only why dont they build a stadium or be partners in one.
eastmidsred
says...
10:27am Thu 24 Jan 13
redrobin-69
says...
10:37am Thu 24 Jan 13
SAPFanSTFC wrote:You two need to start giving this man some serious credit. He has been the heart of the Swindon body these past five years, never put a foot wrong and only ever delivered on any word he has said. He is one of the most genuine men to walk this town too: always has time to chat to fans on match day and gauge their feelings and has been the head behind all the positive change this club has seen recently. Yes, the men with the money get the praise because ultimately they fund it behind this man is the guy who has to come up with the ideas, ask for the money and then make sure it happens successfully. It is the reassurance that the club is in good hands day to day that has led to the likes of Black being willing to pump in 10 million – ultimately, the thanks needs to go to Watkins for managing the place day in day out and slogging away out of the spotlightwithout receiving much praise.
dreamofacleansheet2 wrote: Mmm here we go, hang in everyone. As I said last week when Watkins said 7 potential investors. It meant one or two. Now we are down to an official three that is probably one. We only need one but I remain extremely nervous about this. Dear Mr Watkins I'll relax when you come out and tell me the ink is dry on the contracts and we know who it is. Until then you're having a laugh. Nothing to relax about but I look forward to be proven wrong. I look forward to hearing from you as soon as possible... Yours forever a Town fan Dreamo:-) ---- I never trust anything he say's now as he is there for one thing and one thing only..."aren't things wonderful..." and "everything is fine..." that is his job. ---. I'm sure things are progressing but I'll wait to hear see the sold sign put up - and not the one with 'Subject to Contract' tagged across it.
Oi Den!
says...
10:53am Thu 24 Jan 13
FORZASTFC
says...
10:58am Thu 24 Jan 13
KojaktheWarg wrote:Di Canio stated a while back that he wouldn't even be looking at bids at no less than £2 million, so they can all "JOG ON".
stfc2012 wrote:...for £500,000 according to the daily mail. Thats what we turned down from Bournemouth so Palace clearly think we have a fire sale!? -
Palace in for Ritchie. Source Sky Sports.
In todays market that is puny for someone so good. Keep him on!
madterrier
says...
11:03am Thu 24 Jan 13
STFC MARLOW
says...
11:03am Thu 24 Jan 13
I hope whatever happens its going to be the best for STFC.
In Paolo we trust.
stfc2012
says...
11:12am Thu 24 Jan 13
redrobin-69
says...
11:23am Thu 24 Jan 13
madterrier wrote:Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticed
Well said, redrobin.
grove red
says...
11:26am Thu 24 Jan 13
BillyLucas4me
says...
11:35am Thu 24 Jan 13
"
Confusion here I am afraid. The embargo on uses other than childrens' sport applies only to the County Ground EXTENSION which came about in the mid-thirties when a benefactor gave the land.
.The Football Ground and ( probably the cricket ground and bowling green) are owned by the Town Council.
The Club did wn the ground but entered into a 'sale and lease-back agreement with the Swindon Corporation, an arrangement that came about to solve the financial difficulties of the Club (again)! and this gave the club a lease (for the use of the Football Ground)
This arrangement obviously precluded the ability to sell the ground and build a new stadium as many other clubs have done. So what appeared to be a good way out of trouble all those years ago came home to bite us.yagg
achildren.
old town robin
says...
11:37am Thu 24 Jan 13
Old-Stager, Hilperton wrote:Maybe we would give him a warm welcome, but not as the chairman. Yes, agreed he did a very good job with the financials. But on the footballing side his dithering and indecision caused us problems.
the don69 wrote:Surely we would all give Andrew Fitton a very warm welcome back to the County Ground !
London Red wrote:Yes your right LR Paolo is the key!so we don't want Mr Fitton any where near Paolo,cause there chalk and cheese and it would be bye-bye Paolo if he comes back!!!!!!!!!
BBC have a stiory on this and Matt doesn't seem to bothered by it - says he is flattered but happy at STFC and thinks we can go far especially under PdC
.
Seems PdC is the real key here - if he is staying players like Ritchie are staying!
.
When Malpas was appointed, he said he was the best candidate by far.
He left Wilson to continue for too long because he was basically a YES man that would not stand up to him, in the end Wilson resigned he was not sacked When he brought in Hart to replace him, the job was practically promised to him regardless of results, it was only Fitton's departure and JW interim chairmanship move that prevented that happening..
His dealings in the market was also not that great, he sold key players and up and coming youths to balance the books. He refused to work with agents and how many times did we hear of interest in players that went somewhere else.
He gave up the chair because he wanted to concentrate on his business opportunities in the States, has that changed?
As with everyone else I don't have a problem if Andrew Fitton returned as part of a new concortium, but if he was reappointed as the chairman I don't think it would work out with him and Paolo together, in fact it would probably be worse than it is with SWP, because he is a control freak and I could see him interfering with how Paolo manages the players.
Just my thoughts, I'm sure there will be a few that see it differently.
Med Red
says...
11:37am Thu 24 Jan 13
STFC MARLOW wrote:The 2nd paragraph says....
The first paragraph says Nick Watkins was the founder of Betfair. I thought tht was Andrew Fitton? Was it meant to say Andrew Fitton and he was not willing to put his money into the club? Is Andrew Fitton one of the parties talking to STFC? A bit confused.
I hope whatever happens its going to be the best for STFC.
In Paolo we trust.
"The Robins are currently negotiating the sale of a large chunk of majority shareholder Andrew Black’s 98 per cent stake in Town, after the Betfair founder stated that he is unwilling to pump any more of his personal wealth into the club"
Andrew Black’s the man who's pumped his money into STFC not Nick Watkins or Andrew Fitton.
BillyLucas4me
says...
11:41am Thu 24 Jan 13
'the children' (at the end) got in under the gate!
Med Red
says...
11:42am Thu 24 Jan 13
old town robin wrote:Totally agree! Fitton's re-appointment as Chairman would divide fans. Let's hope it never happens.
Old-Stager, Hilperton wrote:Maybe we would give him a warm welcome, but not as the chairman. Yes, agreed he did a very good job with the financials. But on the footballing side his dithering and indecision caused us problems.
the don69 wrote:Surely we would all give Andrew Fitton a very warm welcome back to the County Ground !
London Red wrote:Yes your right LR Paolo is the key!so we don't want Mr Fitton any where near Paolo,cause there chalk and cheese and it would be bye-bye Paolo if he comes back!!!!!!!!!
BBC have a stiory on this and Matt doesn't seem to bothered by it - says he is flattered but happy at STFC and thinks we can go far especially under PdC
.
Seems PdC is the real key here - if he is staying players like Ritchie are staying!
.
When Malpas was appointed, he said he was the best candidate by far.
He left Wilson to continue for too long because he was basically a YES man that would not stand up to him, in the end Wilson resigned he was not sacked When he brought in Hart to replace him, the job was practically promised to him regardless of results, it was only Fitton's departure and JW interim chairmanship move that prevented that happening..
His dealings in the market was also not that great, he sold key players and up and coming youths to balance the books. He refused to work with agents and how many times did we hear of interest in players that went somewhere else.
He gave up the chair because he wanted to concentrate on his business opportunities in the States, has that changed?
As with everyone else I don't have a problem if Andrew Fitton returned as part of a new concortium, but if he was reappointed as the chairman I don't think it would work out with him and Paolo together, in fact it would probably be worse than it is with SWP, because he is a control freak and I could see him interfering with how Paolo manages the players.
Just my thoughts, I'm sure there will be a few that see it differently.
We are PANTS
says...
11:52am Thu 24 Jan 13
Med Red wrote:Are we not better off divided than in administration?? In fact, why whould we be divided at all?? I'm sure the real fans would soon put thier issues to one side and get behind the Club if this senario was to become reality!!
old town robin wrote:Totally agree! Fitton's re-appointment as Chairman would divide fans. Let's hope it never happens.
Old-Stager, Hilperton wrote:Maybe we would give him a warm welcome, but not as the chairman. Yes, agreed he did a very good job with the financials. But on the footballing side his dithering and indecision caused us problems.
the don69 wrote:Surely we would all give Andrew Fitton a very warm welcome back to the County Ground !
London Red wrote:Yes your right LR Paolo is the key!so we don't want Mr Fitton any where near Paolo,cause there chalk and cheese and it would be bye-bye Paolo if he comes back!!!!!!!!!
BBC have a stiory on this and Matt doesn't seem to bothered by it - says he is flattered but happy at STFC and thinks we can go far especially under PdC
.
Seems PdC is the real key here - if he is staying players like Ritchie are staying!
.
When Malpas was appointed, he said he was the best candidate by far.
He left Wilson to continue for too long because he was basically a YES man that would not stand up to him, in the end Wilson resigned he was not sacked When he brought in Hart to replace him, the job was practically promised to him regardless of results, it was only Fitton's departure and JW interim chairmanship move that prevented that happening..
His dealings in the market was also not that great, he sold key players and up and coming youths to balance the books. He refused to work with agents and how many times did we hear of interest in players that went somewhere else.
He gave up the chair because he wanted to concentrate on his business opportunities in the States, has that changed?
As with everyone else I don't have a problem if Andrew Fitton returned as part of a new concortium, but if he was reappointed as the chairman I don't think it would work out with him and Paolo together, in fact it would probably be worse than it is with SWP, because he is a control freak and I could see him interfering with how Paolo manages the players.
Just my thoughts, I'm sure there will be a few that see it differently.
old town robin
says...
11:53am Thu 24 Jan 13
stfc2012 wrote:As said by Grove Red a players worth is as much as someone is prepared to pay. We all know Torres is not worth 50 million and Carroll was not worth 35 million, but it might be that Torres is worth 15 million more than Carroll. Point being if United pay over the odds to get Zaha, who knows how much they would pay for a 24 year old experienced lad still in his prime. I don't see any reason why Ritchie couldn't cut it at Championship level, Charlie Austin wasn't "proven" but now his value has increased 4 or 5 fold and I certainly don't think Ritchie has anything to prove to anyone of his ability.
Ritchie not worth 2m. 1m max at the moment. Not proven at championship level. Stick a sell on of 20 per cent.
old town robin
says...
11:53am Thu 24 Jan 13
stfc2012 wrote:As said by Grove Red a players worth is as much as someone is prepared to pay. We all know Torres is not worth 50 million and Carroll was not worth 35 million, but it might be that Torres is worth 15 million more than Carroll. Point being if United pay over the odds to get Zaha, who knows how much they would pay for a 24 year old experienced lad still in his prime. I don't see any reason why Ritchie couldn't cut it at Championship level, Charlie Austin wasn't "proven" but now his value has increased 4 or 5 fold and I certainly don't think Ritchie has anything to prove to anyone of his ability.
Ritchie not worth 2m. 1m max at the moment. Not proven at championship level. Stick a sell on of 20 per cent.
London Red
says...
11:54am Thu 24 Jan 13
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
old town robin
says...
11:59am Thu 24 Jan 13
STFC MARLOW wrote:Think you got your Andrews mixed up, it was Andrew BLACK who was a founder of Betfair along side the brother of jeremy Wray if I'm not mistaken. There could have been other, but those are the two I know about.
The first paragraph says Nick Watkins was the founder of Betfair. I thought tht was Andrew Fitton? Was it meant to say Andrew Fitton and he was not willing to put his money into the club? Is Andrew Fitton one of the parties talking to STFC? A bit confused.
I hope whatever happens its going to be the best for STFC.
In Paolo we trust.
billbst
says...
12:04pm Thu 24 Jan 13
London Red wrote:Have to agree LR. How many ex-board members do you hear talking up the club as AF and JW are doing now.
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
Med Red
says...
12:26pm Thu 24 Jan 13
London Red wrote:Andrew Black owns 98% of the club, that leaves others owning 2%. I assume Black owns 98% because of the large sum of cash he's pumped in? Whereas Fitton owns a share of the remaining 2% of the club?
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
Fitton's a facilitator, not someone with a huge wad that wants to invest in the club.
If Fitton can find some wealthy investors to buy the club, great!! As long as he isn't set on becoming Chairman again.
Angolan Red
says...
12:33pm Thu 24 Jan 13
Oi Den!
says...
12:41pm Thu 24 Jan 13
dave bamber`s caravan
says...
12:45pm Thu 24 Jan 13
Angolan Red wrote:Makes me laugh that people think they know so much.... yet can't even spell our managers name correct!!
Without Fitton we wouldnt exist and if the price of his return was the departure of Decanio I could live with that. Hopefully West Ham will be relegated and we get compensation from WH for Decanio
How long has he been here? ...
old town robin
says...
12:53pm Thu 24 Jan 13
London Red wrote:I guess you were replying to Med Red that AFdoes have shares in STFC which is true, in fairness I think he was making the point to STFC Marlow that AB is the majority shareholder and not AF.
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
As a true accountant, you have put up a very positive slant that you think AF is the right man to take us forward because there is nothing wrong with selling assets to balance the books. Sorry to disagree, but IMO sometimes you have to speculate to accumulate and this is our window of opportunity to make the championship, any negativity now, like selling Ritchie or not holding on to Holland and martin would be a disaster.
I don't think anyone has forgotten the good work done by AF when he came in. But that is now history, we are debating what is best for the club going forward in 2013 ,not 2009. Our circumstances are far different from what they were 4 years ago.
With regards to your comment addressed to the "AF bashers" I haven't read anywhere on the forum that has said AF is a bad person or bad business person. I thought we were debating as to whether we would like to see him as the chairman again. Opinions will be devided and there will be some merit from both sides, but please let us not go down that road that AF is god and nobody should ever criticise him for errors of judgement. If he does take the reins again, he wouldn't be my first choice, but fine, I would still support him and hope he just keeps out of the footballing side and lets Paolo get on with what he is paid to do.
donaldslovechild
says...
12:55pm Thu 24 Jan 13
Whaaaaat!!!!!! If it wasn't for Di Canio we wouldn't have a product worth selling . The best manager Swindon has ever had period.
Wilesy
says...
12:56pm Thu 24 Jan 13
Oi Den! wrote:Exactly. Nothing wrong with the AF principle of balancing the books. I think he would get on OK with Paolo, who as he said on Saturday is happy as long as he gets a clear picture of the position.
Superb post LR. Not only did Fitton obviously do a lot of good things for the club, much of the stuff levelled against him is speculation. I think he was very unlucky that Wilson's failure to keep the players motivated at the end of 2009/10 changed the whole dynamic of the club. If it hadn't been for that damp squib of a finish, Greer would never have wanted to leave anyway. Fitton may not have Wray's "man of the people" bearing, but that doesn't make him a bad chairman. As far as I'm concerned, he will always be the man who saved STFC.
donaldslovechild
says...
12:57pm Thu 24 Jan 13
Angolan Red wrote:Correction........Wh
Without Fitton we wouldnt exist and if the price of his return was the departure of Decanio I could live with that. Hopefully West Ham will be relegated and we get compensation from WH for Decanio
aaaaat!!!!!! If it wasn't for Di Canio we wouldn't have a product worth selling . The best manager Swindon has ever had period.
stfclondon
says...
1:04pm Thu 24 Jan 13
London Red wrote:Great post. Fitton did a lot more good than bad.
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib . SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in . Granted AB has put most in but he has not put all in . Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with . AF negotiated over our debt with HMRC - apparently saving us a £1m . He settled the St Modwin issue . He settled the Bill Power issue - saving the club around another £1m!!!! . He settled the lawsuit by Diamond Mike! . AF did so much good I can't believe it is all forgotten over the sale of Greer! . JW is loved as AB gave him the green light to spend, spend, spend . Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books? . What we need is a situation in the middle . A more hands off chairman who will let the manager manage . But a board who are strong enough to know cost management is important . I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side . Players will need to be sold - but at market value and at the right time - ala Cox . I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!! . Lets just foget that though! . How long after the sale is it until lots turn on AB?
I agreed with his stance over Greer at the time, and I still do. If Greer had been given the new contract he was demanding in October, rather than waiting until the end of the season as per the system in place at the time, then others would have done the same. Fitton took a stand against player power, and I applaud him for that even though the end result wasn't to our liking.
That said, I don't blame Greer for moving to Brighton either - he was 31 and they offered him a three year contract. He would have been stupid to turn it down.
Oxon-Red
says...
1:05pm Thu 24 Jan 13
I always felt we were reasonably sound at the back and what cost us was the lack of a striker. This was magnified when Austin left. The 1-0 defeats and 0-0 draws that followed cost us because we couldn't find the back of the net.
COYMR
Wonder Strike
says...
1:14pm Thu 24 Jan 13
The team that finished bottom should have done much much better that season.
Dover Red
says...
1:15pm Thu 24 Jan 13
London Red wrote:Right again London, some very short memories on this site as usual.
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
the don69
says...
1:18pm Thu 24 Jan 13
Med Red wrote:Spot on Med Red!Fitton's put in peanuts!a share of 2%,as LR said Fitton did some great things,but once he starts poking his nose in the football side of things he was rubbish,he made countless mistakes on the Football side,that we have done to death on this site!if we want to keep Paolo?Fitton is a NO,NO!!!!!!!!!!!!
London Red wrote:Andrew Black owns 98% of the club, that leaves others owning 2%. I assume Black owns 98% because of the large sum of cash he's pumped in? Whereas Fitton owns a share of the remaining 2% of the club?
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
Fitton's a facilitator, not someone with a huge wad that wants to invest in the club.
If Fitton can find some wealthy investors to buy the club, great!! As long as he isn't set on becoming Chairman again.
Med Red
says...
1:33pm Thu 24 Jan 13
Dover Red wrote:Well we don't need long memories, do we, to remember that under Fitton's Chairmanship we were relegated and that he played a big part in that.
London Red wrote:Right again London, some very short memories on this site as usual.
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
ciclosporindorset
says...
1:35pm Thu 24 Jan 13
stfcflag
says...
1:46pm Thu 24 Jan 13
Fitton helped save this club and I for one will be eternally grateful. He also made it feel far more part of the community that the numerous chairmen before, do you remember hunt or the aledgedly dodgy greek?
He completely changed the feel of the club and supporting it.
We nearly got promotion to the championship and then yes we struggled, we lost loan players close season and Paynter and we went down and the rest of his board stepped up and helped us get back up. Fitton did a great job and I wouldn't suggest he had a big part in any demise of Swindon on or off the pitch. He certainly made huge strides forward off the pitch for us and on the pitch is down to the gaffer and the players ... Let's not forget Ferry, ritchie, Flint, Austin, caddis were all around at the time and I'd have most of those in my Swindon team in the Championship let alone league 1
mike1990
says...
1:46pm Thu 24 Jan 13
ciclosporindorset wrote:No is speaking badly of him dorset,but lets be honest,he wasn't very good when it came to managers and players,if he keeps to the business fine,but keep out of team and managers affairs.
I am astounded that the man who helped save stfc is spoken of so badly by one on this site. Without the initial dream team and investment there would be no stfc. Get a grip!
TheDukeOfBanbury
says...
1:49pm Thu 24 Jan 13
If Nick Watkins is saying relax lets relax.
I am not taking sides on this one. We owe lots to both Black and Fitton for different reasons and yes both are human and mistakes have been made.
I cannot thank both enough for saving this club from dying and I have faith in the people running the Club that they will get this resolved.
As at today we have got one of the biggest games of the season coming up this Saturday and that is worthy of our support for now.
I was in Stockport yesterday and they have had no snow and with the temperatures set to rise now the game will more than likely be on.
See you all at Tranmere .......COYR'ds.
the don69
says...
1:56pm Thu 24 Jan 13
TheDukeOfBanbury wrote:Back to Football,Heavy Snow Forecast Friday night for Merseyside,I'm still thinking about whether to go or not to go,think we'll decide early Saturday morning,after checking out the state of play!!!!!!!!!!
Lets stop speculating.
If Nick Watkins is saying relax lets relax.
I am not taking sides on this one. We owe lots to both Black and Fitton for different reasons and yes both are human and mistakes have been made.
I cannot thank both enough for saving this club from dying and I have faith in the people running the Club that they will get this resolved.
As at today we have got one of the biggest games of the season coming up this Saturday and that is worthy of our support for now.
I was in Stockport yesterday and they have had no snow and with the temperatures set to rise now the game will more than likely be on.
See you all at Tranmere .......COYR'ds.
Med Red
says...
2:01pm Thu 24 Jan 13
TheDukeOfBanbury wrote:Good thinking, let's all relax and not mention the A or the F word again.
Lets stop speculating.
If Nick Watkins is saying relax lets relax.
I am not taking sides on this one. We owe lots to both Black and Fitton for different reasons and yes both are human and mistakes have been made.
I cannot thank both enough for saving this club from dying and I have faith in the people running the Club that they will get this resolved.
As at today we have got one of the biggest games of the season coming up this Saturday and that is worthy of our support for now.
I was in Stockport yesterday and they have had no snow and with the temperatures set to rise now the game will more than likely be on.
See you all at Tranmere .......COYR'ds.
EastleazeRed
says...
2:04pm Thu 24 Jan 13
mike1990 wrote:If Fitton was still in charge , we would still be knocking about in mid div league 2 , and have paul trollop as manager .
ciclosporindorset wrote:No is speaking badly of him dorset,but lets be honest,he wasn't very good when it came to managers and players,if he keeps to the business fine,but keep out of team and managers affairs.
I am astounded that the man who helped save stfc is spoken of so badly by one on this site. Without the initial dream team and investment there would be no stfc. Get a grip!
Oi Den!
says...
2:41pm Thu 24 Jan 13
old town robin wrote:Fair enough OTR, but does anyone really know what Fitton's errors of judgment were? It's very easy for some people to say in hindsight that managerial appointments were errors but there is an awful lot of luck involved in whether a manager clicks at a club or not. Some have become roaring successes at some clubs and total failures at others. Some previously untried managers have proved they are not cut out for it, while others have taken to it like a duck to water. Wray is applauded for his appointment of PDC, but that could easily have gone t1ts up. Some might even say it did for a while.
London Red wrote:I guess you were replying to Med Red that AFdoes have shares in STFC which is true, in fairness I think he was making the point to STFC Marlow that AB is the majority shareholder and not AF.
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
As a true accountant, you have put up a very positive slant that you think AF is the right man to take us forward because there is nothing wrong with selling assets to balance the books. Sorry to disagree, but IMO sometimes you have to speculate to accumulate and this is our window of opportunity to make the championship, any negativity now, like selling Ritchie or not holding on to Holland and martin would be a disaster.
I don't think anyone has forgotten the good work done by AF when he came in. But that is now history, we are debating what is best for the club going forward in 2013 ,not 2009. Our circumstances are far different from what they were 4 years ago.
With regards to your comment addressed to the "AF bashers" I haven't read anywhere on the forum that has said AF is a bad person or bad business person. I thought we were debating as to whether we would like to see him as the chairman again. Opinions will be devided and there will be some merit from both sides, but please let us not go down that road that AF is god and nobody should ever criticise him for errors of judgement. If he does take the reins again, he wouldn't be my first choice, but fine, I would still support him and hope he just keeps out of the footballing side and lets Paolo get on with what he is paid to do.
.
Fitton was widely criticised by many for allowing Wilson to overstay his welcome, but my information is that he wanted him sacked much earlier and was outvoted in the boardroom, the win against Sheffield Wednesday in December 2010 being the thing that eventually got Wilson off the hook for a while.
.
And transfer dealings? Paynter did a dirty deal with Leeds, Greer knew the grass was greener at Brighton and Austin had had enough of the complete mess that the team had become. In my view, they were the three things that sealed our relegation - and I don't blame Fitton for any of them
.
I find it hard to see how we can know for sure how well a chairman is doing, and I certainly don't think the case against Fitton is proved.
smirg kcab
says...
2:51pm Thu 24 Jan 13
Onwards and upwards
Players are not talking about the A word.
Well I will AUTOMATIC (champions)
London Red
says...
2:53pm Thu 24 Jan 13
.
Have you not even bothered to look at the accounts? That alone before listening to comments made by SWP etc show you are talking nonsense!
.
Sir Arbib has an interest free loan direct with the club for £1m – so that’s 10% of the total £10m owed at that point in time there and then! Some what more than 2%
.
Ownership and debt are 2 different things – the ownership is in relation to the shares – which STFC Holdings own 98% of the shares in STFC of which I believe (can not confirm for sure) is now owned 100% by AB – thus the share shuffle Fitton was referring to and also is how AB has total control!
.
The debt which stood at just under £10m in the last set of accounts – which must now have grown to £13m reported – was dominated by amounts owed to STFC Holdings (c£7.5m)
.
SWP clearly said this was primarily funded by a number of loans made by the Directors – and practically named Fitton and Wray! (Both have also confirmed debt is owed to them this week)
.
Now do you honestly think AB/SWP would be talking about a needing debt/equity swap in STFC Holdings if AF and JW only had loans of £150k (2% of £7.5m) – somehow I don’t think so!
.
Yes AB has most of that “amounts owed to ultimate parent company” owed to him and also owns 98% of the shares meaning any new losses goes into his section (probably the additional £3m growth seen) – but that doesn’t mean AF and JW did not invested a significant amount of money into buying STFC when the consortium took over and cleared our debts
.
The fact they have said they have the power to help a sale and the discussion of equity swap clearly suggests their debt is 7 figures!
OTR – you must have skipped a fair few posts if you have not seen any AF bashers – Med/Don are 2 clear ones!
.
Also you might want to re-read my view point on player sales to balance the books- I have never taken a pure accountant view – just said it is vital not just to STFC but most clubs that this forms a section of income generated – all clubs would want to make net transfer income
.
My view is and always has been you make an initial outlay – the “speculate to accumulate” – which we have done already! - but then use the proceeds from that initial speculation to continue that going
.
Cox was first speculation - Austin came from his sale – then from his we got Ritchie, Flint and probably Wes, Collins and Troy – if Ritchie is next to go then hopefully we will then land X, Y and Z to keep it going with another going after that and A,B and C coming in
.
I have always said profits should be split – so using Ritchie as an example (only in the summer if we don’t go up) if he goes for £2m – we use £1m to help balance the books (66% of typical £1.5m loss) and £1m to buy the next 2 or 3 future prospects to push the club forward
old town robin
says...
3:04pm Thu 24 Jan 13
the don69 wrote:All being well, I'll be there for Friday night, so if it does snow, I really hope the paddock boys turn out in their numbers like our fans did to get the game on. I would think tranmere FC would not want to see this game postponed anymore than we do.
TheDukeOfBanbury wrote:Back to Football,Heavy Snow Forecast Friday night for Merseyside,I'm still thinking about whether to go or not to go,think we'll decide early Saturday morning,after checking out the state of play!!!!!!!!!!
Lets stop speculating.
If Nick Watkins is saying relax lets relax.
I am not taking sides on this one. We owe lots to both Black and Fitton for different reasons and yes both are human and mistakes have been made.
I cannot thank both enough for saving this club from dying and I have faith in the people running the Club that they will get this resolved.
As at today we have got one of the biggest games of the season coming up this Saturday and that is worthy of our support for now.
I was in Stockport yesterday and they have had no snow and with the temperatures set to rise now the game will more than likely be on.
See you all at Tranmere .......COYR'ds.
Where's that weatherman Loyal when you want him, not a peep, but he's usually pretty accurate on his forecast though.
the don69
says...
3:05pm Thu 24 Jan 13
Oi Den! wrote:Sorry Den totally disagree with you!why Fitton picked Malpass still puzzles me!he could have had Hollaway(who wanted our job)but didn't want him!so he went for boring Wilson!let him go on and on,when it was clear he'd lost it and needed replacing way before he gave your poor ol chap Harte the job!who had no chance at that time,because the damage was done,J-Wray comes in has the Guts to get Paolo(who fitton would never have gone for)it's a results business Den,Fitton failed,J-Wray done the Business harsh!but it's there in the record books!!!!!!!!!!!!!!!
old town robin wrote:Fair enough OTR, but does anyone really know what Fitton's errors of judgment were? It's very easy for some people to say in hindsight that managerial appointments were errors but there is an awful lot of luck involved in whether a manager clicks at a club or not. Some have become roaring successes at some clubs and total failures at others. Some previously untried managers have proved they are not cut out for it, while others have taken to it like a duck to water. Wray is applauded for his appointment of PDC, but that could easily have gone t1ts up. Some might even say it did for a while.
London Red wrote:I guess you were replying to Med Red that AFdoes have shares in STFC which is true, in fairness I think he was making the point to STFC Marlow that AB is the majority shareholder and not AF.
Thats not true AF has pumped money into STFC - he clearly said the other day that the debt is owed to HIM, JW, AB and Sir Arbib
.
SWP also said that a debt/equity swap was being negotiated with AF and JW in STFC Holdings - so that shows they did pump money in
.
Granted AB has put most in but he has not put all in
.
Also I like the way all the AF bashers forget what he was doing as chairman which JW did not have to deal with
.
AF negotiated over our debt with HMRC - apparently saving us a £1m
.
He settled the St Modwin issue
.
He settled the Bill Power issue - saving the club around another £1m!!!!
.
He settled the lawsuit by Diamond Mike!
.
AF did so much good I can't believe it is all forgotten over the sale of Greer!
.
JW is loved as AB gave him the green light to spend, spend, spend
.
Would JW still be as loved if he remained and AB had stopped that flow and we suddenly had to operate on a tight budget and consider balancing the books?
.
What we need is a situation in the middle
.
A more hands off chairman who will let the manager manage
.
But a board who are strong enough to know cost management is important
.
I think a JW / AF combo in reverse would be a very good solution - as long as another board memeber is similar to AF to make sure he is not alone in cost mamagement side
.
Players will need to be sold - but at market value and at the right time - ala Cox
.
I still find it amazing how so many want their cake and eat it - want financial stability and self sufficency - but moan at a chairmen who was delivering that - we recorded a profit under AF and should have been promoted in the same year!!!
.
Lets just foget that though!
.
How long after the sale is it until lots turn on AB?
As a true accountant, you have put up a very positive slant that you think AF is the right man to take us forward because there is nothing wrong with selling assets to balance the books. Sorry to disagree, but IMO sometimes you have to speculate to accumulate and this is our window of opportunity to make the championship, any negativity now, like selling Ritchie or not holding on to Holland and martin would be a disaster.
I don't think anyone has forgotten the good work done by AF when he came in. But that is now history, we are debating what is best for the club going forward in 2013 ,not 2009. Our circumstances are far different from what they were 4 years ago.
With regards to your comment addressed to the "AF bashers" I haven't read anywhere on the forum that has said AF is a bad person or bad business person. I thought we were debating as to whether we would like to see him as the chairman again. Opinions will be devided and there will be some merit from both sides, but please let us not go down that road that AF is god and nobody should ever criticise him for errors of judgement. If he does take the reins again, he wouldn't be my first choice, but fine, I would still support him and hope he just keeps out of the footballing side and lets Paolo get on with what he is paid to do.
.
Fitton was widely criticised by many for allowing Wilson to overstay his welcome, but my information is that he wanted him sacked much earlier and was outvoted in the boardroom, the win against Sheffield Wednesday in December 2010 being the thing that eventually got Wilson off the hook for a while.
.
And transfer dealings? Paynter did a dirty deal with Leeds, Greer knew the grass was greener at Brighton and Austin had had enough of the complete mess that the team had become. In my view, they were the three things that sealed our relegation - and I don't blame Fitton for any of them
.
I find it hard to see how we can know for sure how well a chairman is doing, and I certainly don't think the case against Fitton is proved.
!!!!!!!
the don69
says...
3:15pm Thu 24 Jan 13
old town robin wrote:Yeah Old Town!Micheal(LOYAL)F
the don69 wrote:All being well, I'll be there for Friday night, so if it does snow, I really hope the paddock boys turn out in their numbers like our fans did to get the game on. I would think tranmere FC would not want to see this game postponed anymore than we do.
TheDukeOfBanbury wrote:Back to Football,Heavy Snow Forecast Friday night for Merseyside,I'm still thinking about whether to go or not to go,think we'll decide early Saturday morning,after checking out the state of play!!!!!!!!!!
Lets stop speculating.
If Nick Watkins is saying relax lets relax.
I am not taking sides on this one. We owe lots to both Black and Fitton for different reasons and yes both are human and mistakes have been made.
I cannot thank both enough for saving this club from dying and I have faith in the people running the Club that they will get this resolved.
As at today we have got one of the biggest games of the season coming up this Saturday and that is worthy of our support for now.
I was in Stockport yesterday and they have had no snow and with the temperatures set to rise now the game will more than likely be on.
See you all at Tranmere .......COYR'ds.
Where's that weatherman Loyal when you want him, not a peep, but he's usually pretty accurate on his forecast though.
ish!LOL!!!!!!!
ShearerShearer
says...
3:22pm Thu 24 Jan 13
stfc2012 wrote:Rhodes went for a reported £8M, only played two games in the championship to that point, it's whatever somebody is prepared to pay.
Ritchie not worth 2m. 1m max at the moment. Not proven at championship level. Stick a sell on of 20 per cent.
STFC Higworth
says...
3:28pm Thu 24 Jan 13
mike1990 wrote:LOL he was awful got in Wilson who took us to Wembley and Austin who was one of the best strikers we had over the last 10 years. Cox being the best!!!! So lets not go down that route.
ciclosporindorset wrote: I am astounded that the man who helped save stfc is spoken of so badly by one on this site. Without the initial dream team and investment there would be no stfc. Get a grip!No is speaking badly of him dorset,but lets be honest,he wasn't very good when it came to managers and players,if he keeps to the business fine,but keep out of team and managers affairs.
Get a grip,
grove red
says...
3:42pm Thu 24 Jan 13
TheDukeOfBanbury
says...
3:46pm Thu 24 Jan 13
old town robin wrote:Nice one O T Robin.
the don69 wrote:All being well, I'll be there for Friday night, so if it does snow, I really hope the paddock boys turn out in their numbers like our fans did to get the game on. I would think tranmere FC would not want to see this game postponed anymore than we do.
TheDukeOfBanbury wrote:Back to Football,Heavy Snow Forecast Friday night for Merseyside,I'm still thinking about whether to go or not to go,think we'll decide early Saturday morning,after checking out the state of play!!!!!!!!!!
Lets stop speculating.
If Nick Watkins is saying relax lets relax.
I am not taking sides on this one. We owe lots to both Black and Fitton for different reasons and yes both are human and mistakes have been made.
I cannot thank both enough for saving this club from dying and I have faith in the people running the Club that they will get this resolved.
As at today we have got one of the biggest games of the season coming up this Saturday and that is worthy of our support for now.
I was in Stockport yesterday and they have had no snow and with the temperatures set to rise now the game will more than likely be on.
See you all at Tranmere .......COYR'ds.
Where's that weatherman Loyal when you want him, not a peep, but he's usually pretty accurate on his forecast though.
If you do get up there Friday night post on the Saturday Morning and give us a weather update ??
Thanks Mate.
FORZASTFC
says...
3:58pm Thu 24 Jan 13
grove red wrote:That's exactly the point mate!
Ritchie is worth what we can get for him if pdc says its 2 million then so be it. Zaha is not worth 10 million he's not played in the prem but if that's palaces price and they stick by it fair play. The problem in the past we have been giving players away on the cheap ie Austin cox. Lets stick to our guns for a change its 2million with a sell on clause. Coyr.
Others do not see the bigger picture here????
FORZASTFC
says...
4:02pm Thu 24 Jan 13
Angolan Red wrote:What medication are you on?
Without Fitton we wouldnt exist and if the price of his return was the departure of Decanio I could live with that. Hopefully West Ham will be relegated and we get compensation from WH for Decanio
SAPFanSTFC
says...
4:03pm Thu 24 Jan 13
redrobin-69 wrote:I never said I didn't appreciate the day to day professional side of his life as he works as hard as anyone.
SAPFanSTFC wrote:You two need to start giving this man some serious credit. He has been the heart of the Swindon body these past five years, never put a foot wrong and only ever delivered on any word he has said. He is one of the most genuine men to walk this town too: always has time to chat to fans on match day and gauge their feelings and has been the head behind all the positive change this club has seen recently. Yes, the men with the money get the praise because ultimately they fund it behind this man is the guy who has to come up with the ideas, ask for the money and then make sure it happens successfully. It is the reassurance that the club is in good hands day to day that has led to the likes of Black being willing to pump in 10 million – ultimately, the thanks needs to go to Watkins for managing the place day in day out and slogging away out of the spotlightwithout receiving much praise.
dreamofacleansheet2 wrote: Mmm here we go, hang in everyone. As I said last week when Watkins said 7 potential investors. It meant one or two. Now we are down to an official three that is probably one. We only need one but I remain extremely nervous about this. Dear Mr Watkins I'll relax when you come out and tell me the ink is dry on the contracts and we know who it is. Until then you're having a laugh. Nothing to relax about but I look forward to be proven wrong. I look forward to hearing from you as soon as possible... Yours forever a Town fan Dreamo:-) ---- I never trust anything he say's now as he is there for one thing and one thing only..."aren't things wonderful..." and "everything is fine..." that is his job. ---. I'm sure things are progressing but I'll wait to hear see the sold sign put up - and not the one with 'Subject to Contract' tagged across it.
...
FYI - I've had the pleasure of meeting him regularly and although he let himself down on one critical element of life in business he cannot be knocked for effort in most areas....
...
....what I am saying though is that he is paid to make positive comments and positive comments only at this time and therefore I don't want to hear of any 'Sales Puff' prior to seeing the 'SOLD' sign........and no I don't believe him until this is done...
....
.......or do you really believe he'd come out in the press at this moment in time and say - "hmmm not going so well folks but Chin Up!!".....eh!?
SAPFanSTFC
says...
4:10pm Thu 24 Jan 13
redrobin-69 wrote:Have you ever complained to him about something!!??
madterrier wrote:Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticed
Well said, redrobin.
.....
anyway - as to Madterrier's response:
Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life.
....
I'm sure you remind me of someone else you know!!? :-)
MITTED
says...
4:19pm Thu 24 Jan 13
COME ON YOU REDS!
Old-Stager, Hilperton
says...
4:36pm Thu 24 Jan 13
EastleazeRed wrote:Now now Eastleaze....., I know that you are deliberatly trying to provoke me.
mike1990 wrote:If Fitton was still in charge , we would still be knocking about in mid div league 2 , and have paul trollop as manager .
ciclosporindorset wrote:No is speaking badly of him dorset,but lets be honest,he wasn't very good when it came to managers and players,if he keeps to the business fine,but keep out of team and managers affairs.
I am astounded that the man who helped save stfc is spoken of so badly by one on this site. Without the initial dream team and investment there would be no stfc. Get a grip!
Just think what has happened to Bristol Rovers after they sacked Paul Trollope.
London Red
says...
5:05pm Thu 24 Jan 13
.
The reason for it was apparently they felt they would not be able to work together - which is surely fair enough as most on here are saying AF and PdC couldn't work together!
.
Malpas could have been the next Bothroyd at Watford, Adkins at Scunthorpe, McDermott at Reading, Clarke at WBA or even that translator bloke who took over at Porto a while back
.
Yes it turned out he was actually like Brian Kidd or John Gorman - an excellent number 2 not a manager
.
However, you never know until you give them a shot
.
As Den said PdC could have been a disater - lots expected him to be!
.
JW struck gold - unfortunaetly AF struck Fools Gold - but I admire him just the same for giving someone a chance
.
Oh I alsso forgot to mention in what AF did was make football affordable for the people!
.
Remember it was AF who slashed ST prices and had them as low as £199 for potential Champuionship football!
.
It is only mow they have returned to levels last seen under Andy King!
.
Hey lets forget that too as he sold Greer!
alchafreds
says...
5:11pm Thu 24 Jan 13
stfc2012 wrote:in todays current market 2mil is nought
Ritchie not worth 2m. 1m max at the moment. Not proven at championship level. Stick a sell on of 20 per cent.
joker
mike1990
says...
5:15pm Thu 24 Jan 13
STFC Higworth wrote:Shame Fitton lost his grip,always in the states,set us back two years,told us Malpas would be a great manager,got us relegated,good job Black sacked him,if he was still chairman we'd be in the Conference,thank Mr Black for giving it to Mr Wray and PDC,shame Black is now fed up and only bothered about his Nags,if Fitton comes back,thats the end for PDC.
mike1990 wrote:LOL he was awful got in Wilson who took us to Wembley and Austin who was one of the best strikers we had over the last 10 years. Cox being the best!!!! So lets not go down that route.
ciclosporindorset wrote: I am astounded that the man who helped save stfc is spoken of so badly by one on this site. Without the initial dream team and investment there would be no stfc. Get a grip!No is speaking badly of him dorset,but lets be honest,he wasn't very good when it came to managers and players,if he keeps to the business fine,but keep out of team and managers affairs.
Get a grip,
mike1990
says...
5:29pm Thu 24 Jan 13
London Red wrote:You got it in one London Red,Fitton couldn't work with Hollaway,because he likes yes men,PDC would be gone 5 minutes after Fitton was back in charge.
Malpas was not selected over Holloway - that was Wilson
.
The reason for it was apparently they felt they would not be able to work together - which is surely fair enough as most on here are saying AF and PdC couldn't work together!
.
Malpas could have been the next Bothroyd at Watford, Adkins at Scunthorpe, McDermott at Reading, Clarke at WBA or even that translator bloke who took over at Porto a while back
.
Yes it turned out he was actually like Brian Kidd or John Gorman - an excellent number 2 not a manager
.
However, you never know until you give them a shot
.
As Den said PdC could have been a disater - lots expected him to be!
.
JW struck gold - unfortunaetly AF struck Fools Gold - but I admire him just the same for giving someone a chance
.
Oh I alsso forgot to mention in what AF did was make football affordable for the people!
.
Remember it was AF who slashed ST prices and had them as low as £199 for potential Champuionship football!
.
It is only mow they have returned to levels last seen under Andy King!
.
Hey lets forget that too as he sold Greer!
Oi Den!
says...
5:47pm Thu 24 Jan 13
.
Don, I don't think your mention of Ian Holloway supports your case. How do you know he would have been any better than the others you mention? I believe he was sacked by Bristol Rovers, QPR and Leicester. Sometimes manager and club fit neatly together, as Holloway clearly did at Plymouth and Blackpool. My feeling is that he wouldn't have been right for us. But who knows? Sometimes chairmen get lucky, sometimes they don't.
Oi Den!
says...
5:56pm Thu 24 Jan 13
mike1990 wrote:MIke, I don't think that's fair. At times, PDC has needed reining in and I'm not sure Wray always did that. So it could equally be argued that Wray was PDC's "yes" man, which probably wouldn't be fair either, because we don't know enough about what really goes on behind the scenes.
London Red wrote:You got it in one London Red,Fitton couldn't work with Hollaway,because he likes yes men,PDC would be gone 5 minutes after Fitton was back in charge.
Malpas was not selected over Holloway - that was Wilson
.
The reason for it was apparently they felt they would not be able to work together - which is surely fair enough as most on here are saying AF and PdC couldn't work together!
.
Malpas could have been the next Bothroyd at Watford, Adkins at Scunthorpe, McDermott at Reading, Clarke at WBA or even that translator bloke who took over at Porto a while back
.
Yes it turned out he was actually like Brian Kidd or John Gorman - an excellent number 2 not a manager
.
However, you never know until you give them a shot
.
As Den said PdC could have been a disater - lots expected him to be!
.
JW struck gold - unfortunaetly AF struck Fools Gold - but I admire him just the same for giving someone a chance
.
Oh I alsso forgot to mention in what AF did was make football affordable for the people!
.
Remember it was AF who slashed ST prices and had them as low as £199 for potential Champuionship football!
.
It is only mow they have returned to levels last seen under Andy King!
.
Hey lets forget that too as he sold Greer!
madterrier
says...
6:53pm Thu 24 Jan 13
SAPFanSTFC wrote:Not sure what your issue is here SAPF - obviously you've had some sort of run-in with Watkins? I also had my wrist slapped over a tickets issue a while back so I know it's easy to take a contrary stance.
redrobin-69 wrote:Have you ever complained to him about something!!??
madterrier wrote:Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticed
Well said, redrobin.
.....
anyway - as to Madterrier's response:
Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life.
....
I'm sure you remind me of someone else you know!!? :-)
But nonetheless he still puts in a lot of hard work, takes time to mix with fans, and in the current situation, along with Paolo, offers the only real continuity as Andrew Black and Patey will be gone soon.
The Jockster
says...
8:08pm Thu 24 Jan 13
Angolan Red wrote:The 1st five words I can relate to -the next dozen or so might as well be written in Mandarin because they certainly make no sense to me!
Without Fitton we wouldnt exist and if the price of his return was the departure of Decanio I could live with that. Hopefully West Ham will be relegated and we get compensation from WH for Decanio
The Jockster
says...
8:36pm Thu 24 Jan 13
SAPFanSTFC wrote:SAP mind if I ask why you needed to fire a rather nasty cheap shot across Terrier's bows?
redrobin-69 wrote:Have you ever complained to him about something!!??
madterrier wrote:Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticed
Well said, redrobin.
.....
anyway - as to Madterrier's response:
Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life.
....
I'm sure you remind me of someone else you know!!? :-)
I really don't understand your angle here, in your 4.03 post you also praise NW which is only the same as what Terrier is doing in endorsing Red Robins's comments isn't it -or am I missing something?
The Jockster
says...
8:55pm Thu 24 Jan 13
Old-Stager, Hilperton wrote:Old Stager I agree - young Trollope was /is not in the PdC or Ollie class but he's certainly been the Gasheads best manager in recent years and I doubt they'd be fighting for their football league status if he were still at the helm.
EastleazeRed wrote:Now now Eastleaze....., I know that you are deliberatly trying to provoke me.
mike1990 wrote:If Fitton was still in charge , we would still be knocking about in mid div league 2 , and have paul trollop as manager .
ciclosporindorset wrote:No is speaking badly of him dorset,but lets be honest,he wasn't very good when it came to managers and players,if he keeps to the business fine,but keep out of team and managers affairs.
I am astounded that the man who helped save stfc is spoken of so badly by one on this site. Without the initial dream team and investment there would be no stfc. Get a grip!
Just think what has happened to Bristol Rovers after they sacked Paul Trollope.
KojaktheWarg
says...
8:55pm Thu 24 Jan 13
ShearerShearer wrote:I recall a not too disimilar incident at the OUFC v STFC game. I think Ritchie got booked. The ball boy must be related to the Swansea one. Really annoys me when a club runs the ball boys so unprofessionally. I know its not wimbledon but some discipline at least please!!!
No need to panic, let's wait and see what the deal is.
On another subject just watched the "Hazard incident".
Is the ball boy's surname Suarez?
Quite clearly he kicks under his body at the ball, sending off was a joke (an no I'm not a Chelski fan, Im quite happy to see Swansea v Bradford in the final).
Maxwell'79
says...
9:06pm Thu 24 Jan 13
Normally there are rumors however all I can see is a split in opinion over whether Fitton should return or not and no other info on prospective ownership......!
The Jockster
says...
9:20pm Thu 24 Jan 13
eastmidsred wrote:I think its a very fine balancing act. I don't think JW really let the situation get out of control? He wanted to ensure the PdC express didn't get de-railed and at that time AB was still prepared to stump up the money. If JW or/and AF were to return to the fold I'm sure both of them will have learned some hard lessons since their initial baptism in running a football club.
All the speculation might be fun or just reflect our anxiety. However, I would just say this about Jeremy Wray - he let the situation get out of control and therefore is partly responsible for the financial mess despite all the good things which he did, especially bringing Paolo in. I'm not so keen to bring back JW. The new owners will need very deep pockets to establish and sustain us as a Championship side and also be able to work with PdC while keeping things under control. We don't want a repeat in two years time.
old town robin
says...
9:47pm Thu 24 Jan 13
KojaktheWarg wrote:I saw a similar incident on TV a month or two back for a blades games at home. Wilson brushed it off but again the player got the stick for swearing and the ball boy got the sympathy.
ShearerShearer wrote:I recall a not too disimilar incident at the OUFC v STFC game. I think Ritchie got booked. The ball boy must be related to the Swansea one. Really annoys me when a club runs the ball boys so unprofessionally. I know its not wimbledon but some discipline at least please!!!
No need to panic, let's wait and see what the deal is.
On another subject just watched the "Hazard incident".
Is the ball boy's surname Suarez?
Quite clearly he kicks under his body at the ball, sending off was a joke (an no I'm not a Chelski fan, Im quite happy to see Swansea v Bradford in the final).
I would hope none of our ball boys behave in such an unsporting manner. A fine on the club concerned and a ban on any ballboy behaving in such away will quickly bring these unsavioury acts to book.
The Jockster
says...
10:04pm Thu 24 Jan 13
London Red wrote:Brilliant LR - Don & Med - Mama Mia you don't a messa wid the Luigi Risotto the numbers man working da rackets for the Mafioso lol!
Med/Don – your comments show that your research is on par with the FL paper!
.
Have you not even bothered to look at the accounts? That alone before listening to comments made by SWP etc show you are talking nonsense!
.
Sir Arbib has an interest free loan direct with the club for £1m – so that’s 10% of the total £10m owed at that point in time there and then! Some what more than 2%
.
Ownership and debt are 2 different things – the ownership is in relation to the shares – which STFC Holdings own 98% of the shares in STFC of which I believe (can not confirm for sure) is now owned 100% by AB – thus the share shuffle Fitton was referring to and also is how AB has total control!
.
The debt which stood at just under £10m in the last set of accounts – which must now have grown to £13m reported – was dominated by amounts owed to STFC Holdings (c£7.5m)
.
SWP clearly said this was primarily funded by a number of loans made by the Directors – and practically named Fitton and Wray! (Both have also confirmed debt is owed to them this week)
.
Now do you honestly think AB/SWP would be talking about a needing debt/equity swap in STFC Holdings if AF and JW only had loans of £150k (2% of £7.5m) – somehow I don’t think so!
.
Yes AB has most of that “amounts owed to ultimate parent company” owed to him and also owns 98% of the shares meaning any new losses goes into his section (probably the additional £3m growth seen) – but that doesn’t mean AF and JW did not invested a significant amount of money into buying STFC when the consortium took over and cleared our debts
.
The fact they have said they have the power to help a sale and the discussion of equity swap clearly suggests their debt is 7 figures!
OTR – you must have skipped a fair few posts if you have not seen any AF bashers – Med/Don are 2 clear ones!
.
Also you might want to re-read my view point on player sales to balance the books- I have never taken a pure accountant view – just said it is vital not just to STFC but most clubs that this forms a section of income generated – all clubs would want to make net transfer income
.
My view is and always has been you make an initial outlay – the “speculate to accumulate” – which we have done already! - but then use the proceeds from that initial speculation to continue that going
.
Cox was first speculation - Austin came from his sale – then from his we got Ritchie, Flint and probably Wes, Collins and Troy – if Ritchie is next to go then hopefully we will then land X, Y and Z to keep it going with another going after that and A,B and C coming in
.
I have always said profits should be split – so using Ritchie as an example (only in the summer if we don’t go up) if he goes for £2m – we use £1m to help balance the books (66% of typical £1.5m loss) and £1m to buy the next 2 or 3 future prospects to push the club forward
I've disagreed with LR on many occasions over views on the team's performance and what I consider to be his somewhat myopic defence of Pdc on occasions ala he is god he is always right, but by golly gosh I ain't going to dispute the boy's numbers game - I didn't tongue in cheek christen him Statto for nothing on here.
Some really good stuff from you on here today LR -well done.
The Jockster
says...
10:09pm Thu 24 Jan 13
old town robin wrote:Pity the little scroat didn't get a kick in the goolies -he'd been tweeting beforehand that he was going to time waste if he got hold of the ball. I dont for one moment condone Hazard's actions but I can understand them.
KojaktheWarg wrote:I saw a similar incident on TV a month or two back for a blades games at home. Wilson brushed it off but again the player got the stick for swearing and the ball boy got the sympathy.
ShearerShearer wrote:I recall a not too disimilar incident at the OUFC v STFC game. I think Ritchie got booked. The ball boy must be related to the Swansea one. Really annoys me when a club runs the ball boys so unprofessionally. I know its not wimbledon but some discipline at least please!!!
No need to panic, let's wait and see what the deal is.
On another subject just watched the "Hazard incident".
Is the ball boy's surname Suarez?
Quite clearly he kicks under his body at the ball, sending off was a joke (an no I'm not a Chelski fan, Im quite happy to see Swansea v Bradford in the final).
I would hope none of our ball boys behave in such an unsporting manner. A fine on the club concerned and a ban on any ballboy behaving in such away will quickly bring these unsavioury acts to book.
Stilloyal
says...
10:09pm Thu 24 Jan 13
Fitton helped save the club with his business accumen and I'm grateful for that. However he had his weaknesses when it came to other areas.
Black owns 98 % of the club but Fitton doesn't own the other 2%, that is shared between him , me and a few hundred others. Fitton maybe owns up to 1%.
Can't wait to find out who the new owners will be and I have no objection to Fitton being part of that as long as he's not chairman.
the don69
says...
10:14pm Thu 24 Jan 13
Oi Den! wrote:We'll just have to agree to disagree on Fitton!football is a game of opinions and in my opinion Fitton had his chance and failed!it will be Arrivederci Paolo,if there's a return of Fitton.the exciting Paolo express will be derailed and back to the dark ages of the likes of Malpas,Wilson and the unlucky Harte what a depressing thought!!!!!
LR, you're on good form today. Another excellent post.
.
Don, I don't think your mention of Ian Holloway supports your case. How do you know he would have been any better than the others you mention? I believe he was sacked by Bristol Rovers, QPR and Leicester. Sometimes manager and club fit neatly together, as Holloway clearly did at Plymouth and Blackpool. My feeling is that he wouldn't have been right for us. But who knows? Sometimes chairmen get lucky, sometimes they don't.
Oi Den!
says...
10:15pm Thu 24 Jan 13
old town robin wrote:Agree OTR. Hoddle said last night that clubs instruct their ball boys to behave like that. If so, it's appalling. It would soon stop if refs were told to add at least a minute every time they see a ball boy time wasting. I hear the Swansea ball boy is being nominated for an Oscar. The player should have known better, but all he seemed to do was toe-poke the ball from under the kid (er, kid? apparently he's 17).
KojaktheWarg wrote:I saw a similar incident on TV a month or two back for a blades games at home. Wilson brushed it off but again the player got the stick for swearing and the ball boy got the sympathy.
ShearerShearer wrote:I recall a not too disimilar incident at the OUFC v STFC game. I think Ritchie got booked. The ball boy must be related to the Swansea one. Really annoys me when a club runs the ball boys so unprofessionally. I know its not wimbledon but some discipline at least please!!!
No need to panic, let's wait and see what the deal is.
On another subject just watched the "Hazard incident".
Is the ball boy's surname Suarez?
Quite clearly he kicks under his body at the ball, sending off was a joke (an no I'm not a Chelski fan, Im quite happy to see Swansea v Bradford in the final).
I would hope none of our ball boys behave in such an unsporting manner. A fine on the club concerned and a ban on any ballboy behaving in such away will quickly bring these unsavioury acts to book.
Oi Den!
says...
10:19pm Thu 24 Jan 13
the don69 wrote:Good bit of jousting Don - there's nowt like a good healthy disagreement!
Oi Den! wrote:We'll just have to agree to disagree on Fitton!football is a game of opinions and in my opinion Fitton had his chance and failed!it will be Arrivederci Paolo,if there's a return of Fitton.the exciting Paolo express will be derailed and back to the dark ages of the likes of Malpas,Wilson and the unlucky Harte what a depressing thought!!!!!
LR, you're on good form today. Another excellent post.
.
Don, I don't think your mention of Ian Holloway supports your case. How do you know he would have been any better than the others you mention? I believe he was sacked by Bristol Rovers, QPR and Leicester. Sometimes manager and club fit neatly together, as Holloway clearly did at Plymouth and Blackpool. My feeling is that he wouldn't have been right for us. But who knows? Sometimes chairmen get lucky, sometimes they don't.
old town robin
says...
10:26pm Thu 24 Jan 13
Stilloyal wrote:Thanks for the weather forecast Loyal, can't wait to get up there come rain or snow.
I think the forcast up there for tomorrow and Saturday is wet snow turning to rain and above freezing.
Fitton helped save the club with his business accumen and I'm grateful for that. However he had his weaknesses when it came to other areas.
Black owns 98 % of the club but Fitton doesn't own the other 2%, that is shared between him , me and a few hundred others. Fitton maybe owns up to 1%.
Can't wait to find out who the new owners will be and I have no objection to Fitton being part of that as long as he's not chairman.
Been on the Paddock site again tonight, they are so confident they will turn us over and already working out how many more wins they need to get automatic promotion. Seems if they win Saturday best we can hope for is play-offs. Isn't it great to be an underdog, lol
The Jockster
says...
10:55pm Thu 24 Jan 13
Oi Den! wrote:More like a Toscar the little Tom T!t!!
old town robin wrote:Agree OTR. Hoddle said last night that clubs instruct their ball boys to behave like that. If so, it's appalling. It would soon stop if refs were told to add at least a minute every time they see a ball boy time wasting. I hear the Swansea ball boy is being nominated for an Oscar. The player should have known better, but all he seemed to do was toe-poke the ball from under the kid (er, kid? apparently he's 17).
KojaktheWarg wrote:I saw a similar incident on TV a month or two back for a blades games at home. Wilson brushed it off but again the player got the stick for swearing and the ball boy got the sympathy.
ShearerShearer wrote:I recall a not too disimilar incident at the OUFC v STFC game. I think Ritchie got booked. The ball boy must be related to the Swansea one. Really annoys me when a club runs the ball boys so unprofessionally. I know its not wimbledon but some discipline at least please!!!
No need to panic, let's wait and see what the deal is.
On another subject just watched the "Hazard incident".
Is the ball boy's surname Suarez?
Quite clearly he kicks under his body at the ball, sending off was a joke (an no I'm not a Chelski fan, Im quite happy to see Swansea v Bradford in the final).
I would hope none of our ball boys behave in such an unsporting manner. A fine on the club concerned and a ban on any ballboy behaving in such away will quickly bring these unsavioury acts to book.
the don69
says...
11:06pm Thu 24 Jan 13
The Jockster wrote:That's just what it is Jockster a numbers racket!bean counters(accountants
London Red wrote:Brilliant LR - Don & Med - Mama Mia you don't a messa wid the Luigi Risotto the numbers man working da rackets for the Mafioso lol!
Med/Don – your comments show that your research is on par with the FL paper!
.
Have you not even bothered to look at the accounts? That alone before listening to comments made by SWP etc show you are talking nonsense!
.
Sir Arbib has an interest free loan direct with the club for £1m – so that’s 10% of the total £10m owed at that point in time there and then! Some what more than 2%
.
Ownership and debt are 2 different things – the ownership is in relation to the shares – which STFC Holdings own 98% of the shares in STFC of which I believe (can not confirm for sure) is now owned 100% by AB – thus the share shuffle Fitton was referring to and also is how AB has total control!
.
The debt which stood at just under £10m in the last set of accounts – which must now have grown to £13m reported – was dominated by amounts owed to STFC Holdings (c£7.5m)
.
SWP clearly said this was primarily funded by a number of loans made by the Directors – and practically named Fitton and Wray! (Both have also confirmed debt is owed to them this week)
.
Now do you honestly think AB/SWP would be talking about a needing debt/equity swap in STFC Holdings if AF and JW only had loans of £150k (2% of £7.5m) – somehow I don’t think so!
.
Yes AB has most of that “amounts owed to ultimate parent company” owed to him and also owns 98% of the shares meaning any new losses goes into his section (probably the additional £3m growth seen) – but that doesn’t mean AF and JW did not invested a significant amount of money into buying STFC when the consortium took over and cleared our debts
.
The fact they have said they have the power to help a sale and the discussion of equity swap clearly suggests their debt is 7 figures!
OTR – you must have skipped a fair few posts if you have not seen any AF bashers – Med/Don are 2 clear ones!
.
Also you might want to re-read my view point on player sales to balance the books- I have never taken a pure accountant view – just said it is vital not just to STFC but most clubs that this forms a section of income generated – all clubs would want to make net transfer income
.
My view is and always has been you make an initial outlay – the “speculate to accumulate” – which we have done already! - but then use the proceeds from that initial speculation to continue that going
.
Cox was first speculation - Austin came from his sale – then from his we got Ritchie, Flint and probably Wes, Collins and Troy – if Ritchie is next to go then hopefully we will then land X, Y and Z to keep it going with another going after that and A,B and C coming in
.
I have always said profits should be split – so using Ritchie as an example (only in the summer if we don’t go up) if he goes for £2m – we use £1m to help balance the books (66% of typical £1.5m loss) and £1m to buy the next 2 or 3 future prospects to push the club forward
I've disagreed with LR on many occasions over views on the team's performance and what I consider to be his somewhat myopic defence of Pdc on occasions ala he is god he is always right, but by golly gosh I ain't going to dispute the boy's numbers game - I didn't tongue in cheek christen him Statto for nothing on here.
Some really good stuff from you on here today LR -well done.
)manipulate and massage the numbers any which way they like!none of us know the facts of how much debt and equity each board member has?all we know is Black is the main man and he calls all the shots,the rest of the board members are small fish!Black is the DON the rest are his foot solders running his racket!LOL!!!!!!!!!!
The Jockster
says...
11:25pm Thu 24 Jan 13
http://www.torfaen.g
ov.uk/en/News/2013/J
anuary/21-Elvis-help
s-spread-gritting-me
ssage-in-new-online-
video.aspx
YOU WON'T REGRET IT!”
madterrier
says...
11:26pm Thu 24 Jan 13
http://www.youtube.c
om/watch?v=vUzicMpC8
rE
The Jockster
says...
11:29pm Thu 24 Jan 13
redrobin-69 wrote:
madterrier wrote:
Well said, redrobin.
Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticedHave you ever complained to him about something!!??
.....
anyway - as to Madterrier's response:
Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life.
....
I'm sure you remind me of someone else you know!!? :-)SAP mind if I ask why you needed to fire a rather nasty cheap shot across Terrier's bows?
I really don't understand your angle here, in your 4.03 post you also praise NW which is only the same as what Terrier is doing in endorsing Red Robins's comments isn't it -or am I missing something?”
Steve. Brentford
says...
12:33am Fri 25 Jan 13
The Jockster wrote:I've read through most of this and felt that this is the post i`d like to respond to that`s not rubbishing others opinion`s but like Malkster i also don't get the uncalled for negative response to Terriers post from Sap who seams to of either misread MT`s post or has lost the plot,i have a busy life but i eagerly await a explanation.
SAPFanSTFC wrote:
redrobin-69 wrote:
madterrier wrote:
Well said, redrobin.
Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticedHave you ever complained to him about something!!??
.....
anyway - as to Madterrier's response:
Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life.
....
I'm sure you remind me of someone else you know!!? :-)SAP mind if I ask why you needed to fire a rather nasty cheap shot across Terrier's bows?
I really don't understand your angle here, in your 4.03 post you also praise NW which is only the same as what Terrier is doing in endorsing Red Robins's comments isn't it -or am I missing something?”
Steve. Brentford
says...
12:50am Fri 25 Jan 13
Steve. Brentford wrote:Seem`s even. (Malky wont like that one)
The Jockster wrote:I've read through most of this and felt that this is the post i`d like to respond to that`s not rubbishing others opinion`s but like Malkster i also don't get the uncalled for negative response to Terriers post from Sap who seams to of either misread MT`s post or has lost the plot,i have a busy life but i eagerly await a explanation.
SAPFanSTFC wrote:
redrobin-69 wrote:
madterrier wrote:
Well said, redrobin.
Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticedHave you ever complained to him about something!!??
.....
anyway - as to Madterrier's response:
Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life.
....
I'm sure you remind me of someone else you know!!? :-)SAP mind if I ask why you needed to fire a rather nasty cheap shot across Terrier's bows?
I really don't understand your angle here, in your 4.03 post you also praise NW which is only the same as what Terrier is doing in endorsing Red Robins's comments isn't it -or am I missing something?”
SAPFanSTFC
says...
8:08am Fri 25 Jan 13
The Jockster wrote:Now't to do with you therefore why not leave people to discuss between them.
SAPFanSTFC wrote:SAP mind if I ask why you needed to fire a rather nasty cheap shot across Terrier's bows?
redrobin-69 wrote:Have you ever complained to him about something!!??
madterrier wrote:Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticed
Well said, redrobin.
.....
anyway - as to Madterrier's response:
Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life.
....
I'm sure you remind me of someone else you know!!? :-)
I really don't understand your angle here, in your 4.03 post you also praise NW which is only the same as what Terrier is doing in endorsing Red Robins's comments isn't it -or am I missing something?
..
If you don't understand then you've obviously missed something from prior and not read things properly in this thread.
..
Lets not go back to your old ways of getting involved in things that don't involve you and making comments based on half the facts or half the history eh!?
London Red
says...
9:05am Fri 25 Jan 13
.
No manipulation - just actually taking time to read information given rather than taking the FL paper apology as gospel!
The Jockster
says...
12:41pm Fri 25 Jan 13
SAPFanSTFC wrote:It was more the tone of your reply to Terrier that's all - "enjoy your life" - I thought we'd all moved on - me included - really no need for that swipe was there.
The Jockster wrote:Now't to do with you therefore why not leave people to discuss between them. .. If you don't understand then you've obviously missed something from prior and not read things properly in this thread. .. Lets not go back to your old ways of getting involved in things that don't involve you and making comments based on half the facts or half the history eh!?SAPFanSTFC wrote:SAP mind if I ask why you needed to fire a rather nasty cheap shot across Terrier's bows? I really don't understand your angle here, in your 4.03 post you also praise NW which is only the same as what Terrier is doing in endorsing Red Robins's comments isn't it -or am I missing something?redrobin-69 wrote:Have you ever complained to him about something!!?? ..... anyway - as to Madterrier's response: Zzzzzzzzz....always like to be on the devil's advocate side eh!?...enjoy your life. .... I'm sure you remind me of someone else you know!!? :-)madterrier wrote: Well said, redrobin.Thanks mate: just think it's important we take some time to praise these guys and in particukar Watkins as opposed to always jumping to the negatives. A lot of hard work goes unnoticed
The Jockster
says...
12:47pm Fri 25 Jan 13
SAPFanSTFC
says...
2:21pm Fri 25 Jan 13
mike1990
says...
3:13pm Fri 25 Jan 13
the don69
says...
7:16pm Fri 25 Jan 13
London Red wrote:Fair enough LR!you know the numbers racket,so Fitton needs to take a hit on his dosh or he could hold things up and Black could call his bluff and put us in the dreaded A word!!!!!!!!!!!!!
Don - read the PdC Fitton article and you will see in black and white how close I was!!!!!!!
.
No manipulation - just actually taking time to read information given rather than taking the FL paper apology as gospel!

bowralbob says...
6:07am Thu 24 Jan 13