We now know why Bangor City failed the licence, and it's not particularly happy reading. Here's the auditors' rather uncompromising explanation, courtesy of the Daily Post.
And here's an analysis by a Chester City fan. Chester were also taken for something of an interesting ride by the same owners, and that didn't end well either.
There's also been much coverage of a money-laundering crackdown promised by the government.
Now whether that extends to semi-professional football clubs, or is relevant in any case, is debatable.
What isn't debatable is that fans - ordinary fans, people who just want to watch a game - are talking about tipping off the national economic crime centre about their own club.
Let's just pause to let that one sink in.
Meanwhile the comrades continue to gather outside of the walls. There will be another way, but it will be messy getting there. When long-standing supporters like J D-J feel alienated, things really are in the end game.
There's a residual angle being pushed forward by regime-ish characters, and that is that the former administration are culpable because they authorised the handover of power to the current regime. There's some twisted logic to it isn't there. Like, "it's your fault, you knew they were bad apples". Which is kind of like the Fast Show character that is a bit of a geezer, who tells you he's gonna take your stuff, and duly does.
Whose fault is it? The person who's been told they're gonna get robbed, but falls into the trap anyway? Or the person doing the robbing?
Obviously, it's the robber isn't it.
Anyone trying to blame the innocent person for naivety is on very shaky moral ground indeed.
There is an AGM coming up, at which the shareholders will vote on whether the regime's loans can indeed be converted into shares. This would make VSM majority shareholder. It might well be the case that absentee shareholders don't vote. That would be another step toward the end. Once the VSM loans are shares, the club will be responsible for servicing that debt should they call it in. And that means whoever might want to take over will have to find the best part of 500k to clean up the club.
And, well, what was that about the new crime centre?
Ay, ay, ay. What tangled webs.
No comments:
Post a Comment