I beleive a deal was done

I posted on here in the summer re a deal being done with UWE.

Regrettably I was hoping to come back on here and say I told you so but that hasn't worked out as I thought it would!

The reason being that whilst I'm not prepared to go public on how I get to hear some things I firmly believe that the info I get is correct (its up to you if you believe me or not).

I was told that a deal was done with UWE and all that was required was return of signed contracts and transfer of monies (pretty much what Gasincider and UWE have also said today).

As the summer has progressed the same person started to become more negative and comment more about the running of the club etc in both that persons dealings with the club and also how the general running of the club has progressed (or not as the case may be).

That culminated in yesterday in the morning a conversation around the deal being dead for the stadium (on our side rather than UWE) and more worryingly a massive change of heart / approach by the owners.

The narrative was that we were going to stay put and 'tart up the Mem'

One owner is apparently passionate about the club but others are less interested now and are turning the screw somewhat in terms of day to day operations.

I don't have any specific detail but general lack of funds for basic day to day running items, payment of outstanding debts very slow etc.

I obviously cannot say 100% for sure whether anything I get told is correct but people on here who know me will know I wouldn't make things up and will also know that around mid day yesterday I told them to prepare for bad news on the stadium (before the FB post and also way before the club announcement).

I didn't shout any of that from the roof tops or go public with any of that info as I don't feel and didn't feel that it was the right thing to do but I do respect and understand why the people that have (I think originally on facebook) did so.

It feels me with dread to say that I have heard pretty much exactly what other have already said in terms of the stadium and also the potential for bad news.

In May a charge was placed on the Mem for a £10m rolling facility (shows on companies house) which at the time I thought was positive news as I believed it would have something to do with the land acquisition or even a guarantee for the anticipated works at UWE.

Now it appears that isn't going to happen I fear that rather than investment into the club we may be being funded by borrowings against the stadium.

I have no idea if this is through the owners or through perhaps 3rd party investors as I don't think anyone will really be able to know how exactly we are funded.

Many have said its not a problem and inter company lending is the norm which I agree with.

I have worked in finance all my life and I have been involved with commercial lending extensively.

In my experience there is only one reason that I can think of why anyone ever puts a charge on an asset....In other works whilst inter company lending is quite normal to put a charge on an asset is (in my experience) only there to allow someone to recover their borrowings in the event of non repayment.

I have also heard people criticise others for coming out with what they did yesterday on the basis that they were leaking info when they shouldn't be.

Its a fact of life that people talk and have friends and colleagues associated with the club (like all football clubs).  If things aren't perceived to be going well people talk to each other as they do when things are going swimmingly!

I am convinced that the only reason the club released a statement last night was because it went mad on face book and social media and they had too.

That ties in with what others are saying and also what the UWE statement eluded too....I am not sure many within the club or outside (perhaps UWE included) realised that statement was coming which does look like a sharp change of approach has occurred by the club rapidly.

I am not a regular poster on here but I do try and say so if I think something may / may not happen and also I like expressing my opinion which is all the above is!

I really, really hope that what people are reporting is an over reaction / unfounded worrying etc but I have to say I feel sick at the prospect of the new ownership not being what most thought it was going to be.

The stadium is a bitter blow given how long we have been waiting but I think most of us would accept it if we believed the spending on infrastructure and the training ground and playing budget was going to continue.

With a lack of any kind of statement apart from the 11:30pm statement last night we are understandably left speculating.

I would love to find out that all of this was a clever ploy by the owners to force UWE into better terms but somehow I feel that wont be the case.