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#STFC Talksport Interview w/Power (thread 3/3)
SJ- Have you picked up the phone to Trevor Birch Lee?
LP- I’ve spoken to the legal team at the EFL this week, I’ve been on the phone to them last week as well.
SJ- Is that Nick Craig? 1/11
LP- Yeah Nick Craig, just to see where we are, obviously Nick is in a difficult position. He’s working I believe as fast as he can, and it’s not one of those positions I’ve got a willing seller and buyer. It’s been going on for 18 months these legals, very acrimonious...2/11
SJ-But you’re at the business end of it now though, aren’t you? Everyone knows where they are? He knows he got to put his 300k into the fund because the court has ordered him, he’s got to pony up 200k to you and he’s got to past the EFL f&pp That’s the bottom line, isn’t it? 3/11
Read 12 tweets
#STFC Talksport Interview w/Power (thread 2/3)
LP-My concern is, and I have been onto the EFL, that if for some reason because under pre-emption rights there’s been disclosure for both parties Able/Axis who were looking to purchase before the pre-emption rights issue come up.
LP-So obviously Clem is now dealing with the EFL financial side and I believe there is some hurdles for him, I don’t believe the proof of funds that are there will be enough needed but obviously that’s for the EFL to deal with and that’s why this is dragging on.
LP-When I went to court, I wanted to keep the club and said I was happy to continue to fund it but once I lost the court case, I’ve been told that the shares need to be transferred then that’s what I got to do and I can’t be expected then to fund the club in the meantime.
Read 26 tweets
#STFC The Talksport interview with Lee Power (thread 1/2)-
LP- on 24th June my lawyers wrote and said ok we are ready to transfer the shares, there’s a small amount of money that needs to be sent over- that’s not the problem. Once it’s there I have to transfer the shares...1/25
LP- Since then Jim, we’ve had nothing back from the lawyers regarding Axis. And my understanding Jim is that currently they’re dealing with the EFL to pass the fit and proper test and all the obligations that the EFL need obviously for Clem to become the new owner. 2/25
LP- So, it’s quite absurd really, but unsurprising that obviously I don’t get on with the local newspaper or the supporters trust. You get run through social media that for some reason that I’m the one holding it up....3/25
Read 26 tweets
I enjoyed this today. Only a friendly, but great meeting up with these good bunch of blokes at a traditional non-league ground and having a pint pitchside. The club haven't paid staff for nearly 2 weeks, ground rent hasn't been paid for 18 months, we're under a transfer embargo.. ImageImage
friendlies are getting cancelled, potential points deduction, no manager, no medical staff, no scouting, and 8 contracted players with a bunch of trialists and academy team players with under 4 weeks to go before the start of the season. We're here to show our support to those...
continuing to work for the club & keep it going, despite the best efforts of our disgraceful owner who's determined to drag our club to the the brink of extinction. Fair play to the hard working staff & players who are doing their best for the club 👍 #stfc #FanPowerNotLeePower
Read 4 tweets
Swindon Town lost £34,000 a week in 2017/18 as relegation to League Two and a lack of profitable player sales meant wages and overheads far exceeded income
Swindon Town spent £162,500 on player signings in 2017/18 in a division where over half the clubs spent nothing.
Swindon Town debts were almost £6 million by end of 2017/18 in a division where income averages £4 million
Read 5 tweets

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