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Thursday, 6 December 2018

AMWAT: Intrigue, or not as the case may be

Rumours swirl about 'a change in ownership', which might be something of a smokescreen. Two directors are 'stepping down' - now whether that means the current regime are going to finally fuck off or not is debatable.

Rumours also have it that it's gonna just be another cardboard puppet company instead, with the current regime still behind it. But then, rumours are rumours aren't they. Here's a nice musical interlude that seems apposite at this point:







We'll see.

Gary Taylor-Fletcher came back as boss last week. GTF is a bloody awesome chap and one of the greatest players ever to have worn a Bangor shirt (yes, really: just pure class even though he can't really run anywhere anymore). But the fact he had to go and come back again is still testament to the fact that the club was relegated for being financially moronic at best.

Shall we look at the statement from the old auditors again? Oh yes, let's.

One of the minions involved with the club is a mouthy bankrupt with a predilection for the confrontational. Another is responsible for bringing this regime in, according to rumours anyway, so is ultimately culpable.

And the long-term groundsman, whose work over two and a half decades has been incredible, has not been paid for months. The reasons why? Nobody knows.

So, ultimately the question remains: if someone new, I mean, properly new, is going to sweep away this last couple of weird years and rid the club of all the gonks and shiftytits, then what are they going to actually buy? The current owners have no assets - maybe player contracts - and have just put in loans. Those loans haven't been converted into shares. So the club is in debt, although who authorised those loans is also somewhat in debate isn't it?

Seems to me that administration is being chased. And if that happens, there's not much stopping the current regime (or associated parties) making a derisory offer for the ruins, and by doing so snipping the actual main shareholders, the BCFCSA, out of the picture entirely.

So we wait, and we worry, and we know that this race has far left to run.

Let's just listen to some brilliant music for a bit instead. Oh, what should we put on? Hmm...









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