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Bristol Rob

Swindon in financial trouble?

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3 minutes ago, TomF said:

I think many must be close to the brink 

Sadly, think you are right Tom.

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1 minute ago, slartibartfast said:

Don't understand, why would there be two injunctions to stop this ?

Probably because power owes money left right and centre and if this sale goes through it lines his pockets and not those he owes money to. 

Maybe they will be back on channel 5 again.....can't pay we will take it away😊

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8 minutes ago, slartibartfast said:

Don't understand, why would there be two injunctions to stop this ? 

He allegedly didn't seek their approval when agreeing to sell to an American company

Mr Power, 47, has been taken to the High Court court by international footballer Gareth Barry’s adviser, who claims to hold a 50 per cent stake in the club, and an Australian businessman who in 2018 agreed to pay £1.1m in exchange for a 15 per cent stake.

They have each obtained injunctions banning the chairman from selling Swindon Town without their approval.

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Isn't Gareth Barry claimed to be 50% owner of Swindon Town or summat mad like that?

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9 minutes ago, ITK..... said:

Probably because power owes money left right and centre and if this sale goes through it lines his pockets and not those he owes money to. 

Maybe they will be back on channel 5 again.....can't pay we will take it away😊

You're probably right as he has businesses all over the place, horses, lives in Switzerland for part of the year and has always said he's here to make money. He's bought land outside the town for a new training ground but has yet to receive planning permission to also build houses and horse stables/gallops so everything has ground to a halt but over the last couple of years supporters thought he had changed his ways!

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9 minutes ago, mozo said:

Isn't Gareth Barry claimed to be 50% owner of Swindon Town or summat mad like that?

Yes but only verbally 

In the court papers, Mr Power says the agreement was with Mr Standing’s childhood friend and client, West Brom ace and former England international Gareth Barry. It was said they agreed verbally that Mr Barry would not own shares in the club, but was entitled to half of the profits arising from any increase in the club’s value or the sale of certain players. Mr Barry, 39, has denied the Town chairman’s account.

When the sale of former midfielder Matt Ritchie to Newcastle in 2016 netted Town £1.85m, according to court papers Mr Power was said to have told Mr Standing the money needed to go on paying back a £2m loan to former Robins owner and Betfair founder Andrew Black. It later emerged that the money was not paid to Mr Black. A judge said in a judgement on Mr Power's case: “The strong suspicion is that those monies were paid to Mr Power and not the club.”

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56 minutes ago, Shaun Taylor said:

Yes but only verbally 

In the court papers, Mr Power says the agreement was with Mr Standing’s childhood friend and client, West Brom ace and former England international Gareth Barry. It was said they agreed verbally that Mr Barry would not own shares in the club, but was entitled to half of the profits arising from any increase in the club’s value or the sale of certain players. Mr Barry, 39, has denied the Town chairman’s account.

When the sale of former midfielder Matt Ritchie to Newcastle in 2016 netted Town £1.85m, according to court papers Mr Power was said to have told Mr Standing the money needed to go on paying back a £2m loan to former Robins owner and Betfair founder Andrew Black. It later emerged that the money was not paid to Mr Black. A judge said in a judgement on Mr Power's case: “The strong suspicion is that those monies were paid to Mr Power and not the club.”

Got no real problem with Swindle (they are a non-entity to me) but Lee Power seems a total *** !

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7 hours ago, poland_exile said:

In all seriousness, it's not something I take any joy in hearing. No matter how much you dislike a club (and I even include the gas in this), not only are livelihoods at risk but also something deeper, that being the sacred emotional bond fans have to their clubs (no matter how distasteful that club might be to us). Wouldn't wish for anyone to crash out of existence, and with our history we should know better than most! 

I know what you mean, I think all fans wish that rivals slid down the pyramid, but going bust and disappearing forever would be a killer.

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I don’t wish any club to go under, and I include Rovers and Swindon in this, pains me to say but rather see kids and adults wearing a Rovers or Swindon shirt as opposed to Man C, Chelsea and Man Utd for instance.

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I wonder how this situation will affect their promotion?

If they go under, will another team take their place , and will that help out the National league and allow Barrow, Harrogate & Notts County to be promoted.

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A bit weird this.

I heard Lee Power in a long interview on Talk Sport a few days ago. He indicated clubs were in a lot of trouble in particular League 1 and 2 but said that Swindle weren't one of those and hadn't reduced wages or furloughed any players. He also talked a lot of sense. Maybe all smoke and mirrors as I always thought of him as a complete bell sniff.

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1 hour ago, RUSSEL85 said:

I don’t wish any club to go under, and I include Rovers and Swindon in this, pains me to say but rather see kids and adults wearing a Rovers or Swindon shirt as opposed to Man C, Chelsea and Man Utd for instance.

They won't go under, no club with a decent fanbase ever just goes pop; a new company is formed to buy the assets and they restart in Conference South or wherever.

There will always be a Swindon Town.

It would probably serve them well long term if the club does lose this as it's then goodbye to Lee Power.  It's his behaviour with which I have a problem.

Remember his signing Nile Ranger? That's not a signing that a decent Chairman would make.

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A sign of things to come I fear.

It's a such a shame that the football industry (and many other areas of society and business) has become a bit of an untameable beast.

Individual greed has led to a collective machine that now cannot be harnessed and placated, and we're now going to have to watch as it eats itself to survive. For years I said to my mates at games that I couldn't wait for the bubble to burst so a 'reset' of sorts could be achieved with the industry. I guess I didn't consider how sad it could be to see the demise of so many lower league clubs - and how frustrating it is to know this could have been avoided if a sustainable model had been adopted by the leagues and club owners over the years.

 

Whether real change happens, or the machine simply chugs on with the remaining clubs that can survive remains to be seen, but I imagine we may see, at the very least, half a dozen lower league clubs go out of business by christmas, and dozens more thrown into serious financial vunerability for the next couple of seasons.

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2 hours ago, RUSSEL85 said:

I don’t wish any club to go under, and I include Rovers and Swindon in this, pains me to say but rather see kids and adults wearing a Rovers or Swindon shirt as opposed to Man C, Chelsea and Man Utd for instance.

Absolutely. I don’t like them, but I’d rather not like them,  than not be able to not like them. Wouldn’t be football 

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39 minutes ago, supercidered said:

A bit weird this.

I heard Lee Power in a long interview on Talk Sport a few days ago. He indicated clubs were in a lot of trouble in particular League 1 and 2 but said that Swindle weren't one of those and hadn't reduced wages or furloughed any players. He also talked a lot of sense. Maybe all smoke and mirrors as I always thought of him as a complete bell sniff.

You probably avoid announcing your club might be about to experience some financial distress if you are looking to sell it!

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3 hours ago, supercidered said:

A bit weird this.

I heard Lee Power in a long interview on Talk Sport a few days ago. He indicated clubs were in a lot of trouble in particular League 1 and 2 but said that Swindle weren't one of those and hadn't reduced wages or furloughed any players. He also talked a lot of sense. Maybe all smoke and mirrors as I always thought of him as a complete bell sniff.

From a Swindon fans perspective I agree totally with your comments that he talked a lot of sense during his Talksport interview and didn't drop any hints that he or STFC were in any immediate crisis other than the struggles that all league one & two teams are going through. Do I trust him no especially after the what he shafted Luke Williams with the appointment of his pal Tim Sherwood but over the last couple of years we thought he had changed his ways especially now we have a decent young manager who he has always backed financially.

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9 hours ago, slartibartfast said:

Got no real problem with Swindle (they are a non-entity to me) but Lee Power seems a total *** !

Don't think that feeling is reciprocated from their side.

A few years ago I met a relative from Trowbridge for the first time in decades at a family funeral. He was well into family history and we got on well so we arranged for him to bring his family round for a meal to discuss our common ancestry further.

So a few weeks later he turned up with his son (in his 20's) and wife. All going swimmingly until his the son mentioned he supported Swindon. Feigning interest, I said, 'Oh, right they're not doing too badly this season, are they? We all support Bristol City'. His face changed, 'I can't stand Bristol City', the uncouth individual muttered, and to his Dad's embarrassment - he had little interest in football - sat there looking pissed off and not saying another word for the rest of the evening!

We might have no particular problem with Swindon but BCFC seem to be near the top of their list of hated rivals.

 

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4 minutes ago, Nogbad the Bad said:

Don't think that feeling is reciprocated from their side.

A few years ago I met a relative from Trowbridge for the first time in decades at a family funeral. He was well into family history and we got on well so we arranged for him to bring his family round for a meal to discuss our common ancestry further.

So a few weeks later he turned up with his son (in his 20's) and wife. All going swimmingly until his the son mentioned he supported Swindon. Feigning interest, I said, 'Oh, right they're not doing too badly this season, are they? We all support Bristol City'. His face changed, 'I can't stand Bristol City', the uncouth individual muttered, and to his Dad's embarrassment - he had little interest in football - sat there looking pissed off and not saying another word for the rest of the evening!

We might have no particular problem with Swindon but BCFC seem to be near the top of their list of hated rivals.

 

I can only speak about the fans I know and socialise with for 45 years and there is no hate with yourself only friendly banter along with being slightly envious of where you are now and how stable you are under a decent chairman 

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1 minute ago, Nogbad the Bad said:

Don't think that feeling is reciprocated from their side.

A few years ago I met a relative from Trowbridge for the first time in decades at a family funeral. He was well into family history and we got on well so we arranged for him to bring his family round for a meal to discuss our common ancestry further.

So a few weeks later he turned up with his son (in his 20's) and wife. All going swimmingly until his the son mentioned he supported Swindon. Feigning interest, I said, 'Oh, right they're not doing too badly this season, are they? We all support Bristol City'. His face changed, 'I can't stand Bristol City', the uncouth individual muttered, and to his Dad's embarrassment - he had little interest in football - sat there looking pissed off and not saying another word for the rest of the evening!

We might have no particular problem with Swindon but BCFC seem to be near the top of their list of hated rivals.

 

I come from the area and I can tell you now, they really really do not like City. I think a lot of our fans who live in the area also cant stand Swindon. Some are real part time fans, will say they like Swindon when they are 'doing well'.

Generally from fans I have known I would say a few are worse than Rovers fans with their dislike.

However I actually respect their fans who support them as would rather them support Swindon in the area than Man Utd or Liverpool. 

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Dont let anyone be fooled..... they hate us...! Just like Holloway hates us!

We are joint second on their hatred list... behind Oxford and joint with Gillingham....

The one thing I did like is the valuation of them.... not even a Kalas.... 🤣😂 

I will certainly be letting them know the next the inbreads and roundabouts start spouting on.... ;) keep safe all. 

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They happily revel in our 1982 financial troubles so off you pop swindlers. Just think if you weren’t a bunch of arrogant backwards ***** you would of probably got promoted in 2015 and you wouldn’t be in this situation.

 

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14 hours ago, bristolmoose said:

Steady on, let's not celebrate too early, eh?

 

13 hours ago, poland_exile said:

In all seriousness, it's not something I take any joy in hearing. No matter how much you dislike a club (and I even include the gas in this), not only are livelihoods at risk but also something deeper, that being the sacred emotional bond fans have to their clubs (no matter how distasteful that club might be to us). Wouldn't wish for anyone to crash out of existence, and with our history we should know better than most! 

I don't see them as a rival, they are just another team in the coutry

Losing a football club is a massive thing

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18 minutes ago, TETBURY MASSIVE said:

Dont let anyone be fooled..... they hate us...! Just like Holloway hates us!

We are joint second on their hatred list... behind Oxford and joint with Gillingham....

The one thing I did like is the valuation of them.... not even a Kalas.... 🤣😂 

I will certainly be letting them know the next the inbreads and roundabouts start spouting on.... ;) keep safe all. 

Joint second? From the fans I know we are Number 1. 

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22 minutes ago, phantom said:

 

I don't see them as a rival, they are just another team in the coutry

Losing a football club is a massive thing

Same here, I've always just thought of them as a local-ish team so the chance of a bigger attendance both home and away - but a rival, no way! I consider Millwall more a rival!

I think there's a temptation to invent rivalries when you're deprived of your more traditional derbies,  and that's kind of happened over the course of this century. I'm not buying it! 

 

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45 minutes ago, TETBURY MASSIVE said:

Dont let anyone be fooled..... they hate us...! Just like Holloway hates us!

We are joint second on their hatred list... behind Oxford and joint with Gillingham....

The one thing I did like is the valuation of them.... not even a Kalas.... 🤣😂 

I will certainly be letting them know the next the inbreads and roundabouts start spouting on.... ;) keep safe all. 

Gillingham. How random is that!? 

Having been a former resident of Oxford, I can confirm that big one is Oxford/Swindon. 

Personally the only Thing i liked about them was the guy who married a city supporter that came on here a while back....Otherwise not having to go there again in any capacity is a chore that will not be missed.

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41 minutes ago, REDOXO said:

Gillingham. How random is that!? 

Having been a former resident of Oxford, I can confirm that big one is Oxford/Swindon. 

Personally the only Thing i liked about them was the guy who married a city supporter that came on here a while back....Otherwise not having to go there again in any capacity is a chore that will not be missed.

You're correct the big one is Oxford, Reading never get a mention  and the Gillingham thing goes back to 1979 but there's nothing really there anymore as most of the idiots involved are probably too old now!

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43 minutes ago, REDOXO said:

Gillingham. How random is that!? 

Having been a former resident of Oxford, I can confirm that big one is Oxford/Swindon. 

Personally the only Thing i liked about them was the guy who married a city supporter that came on here a while back....Otherwise not having to go there again in any capacity is a chore that will not be missed.

apparently genuinely very feisty is there rivalry with Gillingham, dates from a match in the 70s i think. Love a random, weird hatred! 

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Have never liked Swindon very much this mainly because the majority of their fans I've had the displeasure of meeting are absolute weapons, then their players followed suit after THAT game.

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3 hours ago, Shaun Taylor said:

I can only speak about the fans I know and socialise with for 45 years and there is no hate with yourself only friendly banter along with being slightly envious of where you are now and how stable you are under a decent chairman 

my own experience of Swindon fans is they come as one of two types: Resent every last breath we draw, or happy to engage is rational discussion and banter. Those who actually  live IN Swindon are better than those who live in the likes of Calne

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3 hours ago, Shaun Taylor said:

I can only speak about the fans I know and socialise with for 45 years and there is no hate with yourself only friendly banter along with being slightly envious of where you are now and how stable you are under a decent chairman 

Yep, the way you come over on here Shaun I've no doubt that if we met at a funeral, found we were related, and I invited your family over for a meal to discuss shared ancestry you ( or any of your family) would not go into an oafish huff should it transpire I supported Bristol City. Instead I'm sure you would be more than happy to have a friendly chat with a fellow football fan.

Other replies to this thread, along with my own experience, do indicate there may be a considerable number of Swindon fans who would differ in that respect though! 👍

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7 minutes ago, Sweeneys Penalties said:

my own experience of Swindon fans is they come as one of two types: Resent every last breath we draw, or happy to engage is rational discussion and banter. Those who actually  live IN Swindon are better than those who live in the likes of Calne

I live on the outskirts so hopefully ok😁

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2 minutes ago, Nogbad the Bad said:

Yep, the way you come over on here Shaun I've no doubt that if we met at a funeral, found we were related, and I invited your family over for a meal to discuss shared ancestry you ( or any of your family) would not go into an oafish huff should it transpire I supported Bristol City. Instead I'm sure you would be more than happy to have a friendly chat with a fellow football fan.

Other replies to this thread, along with my own experience, do indicate there may be a considerable number of Swindon fans who would differ in that respect though! 👍

I've know doubt that we would get.on and share all sorts of stories including football and yes there are haters from both sides but they tend to be the ones I wouldn't socialise with in life and don't judge a person on who they support 

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1 hour ago, Sweeneys Penalties said:

my own experience of Swindon fans is they come as one of two types: Resent every last breath we draw, or happy to engage is rational discussion and banter. Those who actually  live IN Swindon are better than those who live in the likes of Calne

People actually live in Calne ?

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3 hours ago, REDOXO said:

Personally the only Thing i liked about them was the guy who married a city supporter that came on here a while back....Otherwise not having to go there again in any capacity is a chore that will not be missed.

He was a good poster, and I have often wondered why he stopped posting.

I seem to recall it ended when we got promotion, so presumably due to a lack of genuine rivalry - unless married life has left him somewhat fatigued....

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