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PostPosted: Wed May 09, 2012 7:14 pm 
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Joined: Sun Jul 12, 2009 2:11 pm
Posts: 1523
Team Supported: Darlington
I remember not being able to attend the Telford home game in November and listening to Raj Singh's pre match interview with Ray Simpson. He was having a right pop at everyone - the council, S&S, the fans. My take on it was that he sounded like a right spoilt brat with several chips on his shoulder. Not an ounce of logic in any of it either.

I've still yet to hear him come even remotely like taking any responsibility for anything that's happened since.

Would I do business with him based on what I've heard? Not a chance.


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PostPosted: Wed May 09, 2012 7:17 pm 
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Joined: Wed Jul 15, 2009 7:40 pm
Posts: 1076
Team Supported: Darlington
Would ANY Darlo fan ever do business with Mr Singh again ?

_________________
Mr Singh said this " I'm not expecting to get back any of the money I've already put in, I'm prepared to write it off for the future of the club. I'm not hanging in to make any kind of financial gain in the short or long term - if someone was prepared to come in and take the club off my hands, I'd be more than willing to discuss it"

Tamworth matchday programme 26 Nov 2011


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PostPosted: Wed May 09, 2012 8:01 pm 
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Joined: Mon Feb 28, 2011 8:48 pm
Posts: 154
Team Supported: Darlington
But we should work with S&S again to get back to the Arena or a new stadium at Neasham Road as part of a hotel or other leisure development instead of spending millions on a titchy stadium instead.
£20000 v £270000 sounds great but I suspect the costs at the Arena were not to do with empty concrete but our inability to pull a pint or sell a pie at a profit. £1000 a game all inclusive of rent/police/stewards/lecci/tickets/catering sounds great but I suspect that wont cover the extra police alone.


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PostPosted: Wed May 09, 2012 10:59 pm 
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Joined: Thu Jul 09, 2009 9:45 pm
Posts: 347
Team Supported: Darlington
Quakerz wrote:
No, they don't.

If I was a business man and I had a chance to cash in on my shares if they were at a stupidly high price, I would too. £11.1m though, nice, very nice!


I'm afraid there's a bit more to it than that. If you are the CEO and CFO and know that the shares are way overvalued compared to their real value then you are legally bound to inform the shareholders. If you bail out before anyone knows the truth and leave the following administration to pick up the pieces then I'm afraid that is called fraud. There are some city commentators who still find it incredible that these two were not charged for their actions.

Having said all that it is also true that Raj has behaved stupidly all the way through and in fairness S&S have been real straight arrow with the rescue group. However, I will not get drawn into the S&S love in until what happens with the Arena transpires. Wouldn't be 100% shocked to find they have pulled a fast one and that they make another killing out of this.


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PostPosted: Wed May 09, 2012 11:28 pm 
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Joined: Thu Feb 17, 2011 5:30 pm
Posts: 41
Team Supported: Darlington
Dfcdfcdfc..... Wonderful line in absolute bullshit. For you to assert such nonesense without doing any research just shows you up to be the obvious buffoon you really are.

In 2008 the stock market had a general decline in value as the recession signs became more visible. However Southern Cross had a major decline because banking covenants were breached. Why ? One reason. Acquisition of the Portland Group and the subsequent failure to sell on the freeholds. Scott and Sizer had already left the company, had not originated that deal or had anything at all to do with it. It was totally down to their successors who incidentially had the full support of the very same Board members in place when S and S were at the company.

Maybe the next time you want to intimate fraud, you should check your facts first. Otherwise you appear just as you have, a self opinionated ill informed muck spreader.


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