Uganda Blade
Long-time lurker
- Joined
- May 17, 2019
- Messages
- 889
- Reaction score
- 1,317
Thank you. Great summary.Summary,
Best moment when SB said Tortosa Ex Pats (aka El Accounto)s question about charges being levied against the Club by PA was a load of bollocks.
Legal/ EFL/IFR issues
IFR stated they did not feel it necessary to be informed of change to structure i.e 1919 share transfer provided owners remained in situ at top of family tree.
EFL were told 24 hours after 1919 share transfer occurred. They take the opposite view to IFR feel they should have been allowed to sign it off. They have stopped asking questions. They have known about this for 4 months. SB view if regulations have been breached charges would have been made by now. Legal advice remains confident no case to answer but still a risk of sanctions until EFL finally respond.
SB rightly dismissed the Southampton scenario where 10 points were deducted. COH was not insolvent whilst part of SUFC group. Saints holding company was hence the sanction. Owners will fight hard any sanction imposed.
Tim Ryan passed the EFL O and D Test again refuting media misinformation. Another fact the media got wrong is that the EFL are not concerned about Rosen and his previous company being liquidated.
The contractual dispute between United World and Rosen and co is a contractual dispute. Monies are owed. Owners feel it should be a lesser sum than the £35m quoted as outstanding. Parties continue to talk. SB has met with PA in the last 10 days.
Unfortunately no questions were raised about Tom Page action.
Club revenue/ recruitment
Club aim was to bring in £20m from player sales to meet SCR and bring down wage bill by £7m. That has been achieved. No need for player sales in JTW unless silly offers come in.
Talks with players/agents ongoing about contract extensions.
1 Loan available if team doing well owners would consider providing funds for new players otherwise its frees and loans.
Owners are discussing with 2 parties potential for new investment.
Dore
£1 million spent last 12 months. High level costings for planning application and public consultations ongoing. Land secured its now the cost of buildings. Designs completed.
Academy has been staffed up to CAT 1 standard.
BL Stand
Structural issues. Spent £500k so far to make it structurally safe. Will require extensive alterations next Summer.
Decision not to reopen for the moment in view of current attendances.
Alan Knill
It was a collective decision. SB and CW discussed it. Desire to provide a pathway for younger new coaches hence Mcsheffery and Collins being promoted.
Overseas in pre season
Bochum was a success. Looking to do similar trip next season but probably not in Europe.
Owners not looking to sell
No plans for this. Talking to potential investors. Value of club will have diminshed no reason to want to sell at moment.
