mervyn":34xrwcug said:
Given that this league season has been agreed to finish (awaiting confirmation from the EFL and FA) - it’ll probably be that the points deduction doesn’t come into effect until the start of next season..
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What's going on at Swindon?
- Thread starter cheshiregreen
- Start date
Given that this league season has been agreed to finish (awaiting confirmation from the EFL and FA) - it’ll probably be that the points deduction doesn’t come into effect until the start of next season..
pastiesforlife":23ynwzg6 said:
If it carries on like this, we'll be in the bleedin' Premier League!
Kersie":10h196px said:
Really? :shocked:
So if Exeter also get promoted, you believe it would somehow make our promotion a little less enjoyable?
I just don't get this rivalry at all. If it's a choice between playing Tranmere or Fleetwood home and away next season, or Exeter, I know who I'd gladly pick.
it would be easier to get a ticket for the away games at Fleetwood or Tranmere. So they get my vote.
I'm not prepared to sit in with Excreta fans again like I had to this season. Unbearable - one of the low points in my entire life.
I'm not prepared to sit in with Excreta fans again like I had to this season. Unbearable - one of the low points in my entire life.
Hi guys. Congrats on the promotion.
Short summary.
Power ‘sold’ 15% of the club to Clem Morfuni for £1.1m and never got around to actually legalising it. He’s saying the money was ‘investment’ not purchase of shares.
When Power took over he was, basically, skint so Standing, a football agent with one main client, his lifelong buddy Gareth Barry, put in £300,000 to cover his expenses in the purchase and a further £500,000 for ongoing running costs.
Don’t ask me why, but Standing/Barry trusted Power without any formalisation of their involvement - EFL rules against players having an interest in a club. Since 2013 they have put £6m into the club on the ‘understanding’ they owned 50% of the club and were entitled to 50% of the future sale of certain players.
Matt Ritchie was sold to Bournemouth for £400,000 with a 20% sell on, so when Power received £1.85m on Ritchie’s sale to Newcastle he lied to Standing/Barry saying that money was due to the previous owner in lieu of a previous loan. Power trousered the lot.
Up pops an American company, Able, who have offered £7.5m to buy the club. Power was interested but declined to inform the other parties. They got wind and landed him with an injunction preventing any sale or putting the club into administration.
So now there’s a Mexican Stand-off with the 3 parties over who gets what on any future sale.
Bottom line - Power is a right lady’s garden.
Short summary.
Power ‘sold’ 15% of the club to Clem Morfuni for £1.1m and never got around to actually legalising it. He’s saying the money was ‘investment’ not purchase of shares.
When Power took over he was, basically, skint so Standing, a football agent with one main client, his lifelong buddy Gareth Barry, put in £300,000 to cover his expenses in the purchase and a further £500,000 for ongoing running costs.
Don’t ask me why, but Standing/Barry trusted Power without any formalisation of their involvement - EFL rules against players having an interest in a club. Since 2013 they have put £6m into the club on the ‘understanding’ they owned 50% of the club and were entitled to 50% of the future sale of certain players.
Matt Ritchie was sold to Bournemouth for £400,000 with a 20% sell on, so when Power received £1.85m on Ritchie’s sale to Newcastle he lied to Standing/Barry saying that money was due to the previous owner in lieu of a previous loan. Power trousered the lot.
Up pops an American company, Able, who have offered £7.5m to buy the club. Power was interested but declined to inform the other parties. They got wind and landed him with an injunction preventing any sale or putting the club into administration.
So now there’s a Mexican Stand-off with the 3 parties over who gets what on any future sale.
Bottom line - Power is a right lady’s garden.
Interesting summary ! Thanks.
I heard Power on TalkSPORT at the weekend saying the club were financially sound.
PS- Neither Swindon nor Argyle have been promoted yet. It depends on all sorts of factors, including what happens in the leagues above and what the EFL decide to do next.
I heard Power on TalkSPORT at the weekend saying the club were financially sound.
PS- Neither Swindon nor Argyle have been promoted yet. It depends on all sorts of factors, including what happens in the leagues above and what the EFL decide to do next.
Just seen this BBC story- hopefully Swindon and PAFC are to be promoted
https://www.bbc.co.uk/sport/football/52758193
I’m not sure relegated clubs will give up without a strong fight though.
https://www.bbc.co.uk/sport/football/52758193
I’m not sure relegated clubs will give up without a strong fight though.
STFC":3igxw3b4 said:
Thanks for the summary. Would love to hear Power's side of the story. Do Standing/Barry and Morfuni support each other and have a similar position on what to do about Power?
This is the Lee Power, who played 18 games (no goals) for us in the 80's, isn't it? He became very much a journeyman footballer of lower league status.
It never made much sense where he would have acquired enough cash to buy a league club. Thankfully there are stringent background checks in place to ensure clubs do not fall in to the wrong hands.
As an ex player, he would have been aware of the potential for Plymouth and the need of an investor. Did he ever show an interest in 'buying' Argyle?
It never made much sense where he would have acquired enough cash to buy a league club. Thankfully there are stringent background checks in place to ensure clubs do not fall in to the wrong hands.
As an ex player, he would have been aware of the potential for Plymouth and the need of an investor. Did he ever show an interest in 'buying' Argyle?
STFC":a99uhoma said:
Some on here are refusing to see what is right before their eyes.
Congrats on the title and good luck getting through your current difficulties.