News - October '01
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  .Smeg off Smeaton (04/10/01)  
 

You can always rely on some bugger, when things are getting tough and we should be rallying the troops, to come out with a pile of crap which can cause trouble.

FFS were asked to go on Radio 5 live's footy phone in last night to talk about the City situation. During that slot, DJ Adrian suddenly says, here's what former Chairman and Chief Exec Tom Smeaton has to say.

(Yes, the man who publicly clashed with Martin O'Neill at the start of 1998 in a row over the level of spending on new players, and has been trying to get his hands back on the club ever since.)

Up pops Smeaton, wait for it, demanding to know where the money has gone! The upshot was he was questioning the fact that the club will not have too much dosh to give to a new manager for players. Financial wizard Mr Smeaton has worked out that by his reckoning there should be £15m swilling around.

His insinuations that there is any financial wrong doing at the club at this time is pretty bloody awful.

His call for a special meeting should be welcomed by fans, so we can go down to it and give him a piece of our mind!

FFS were pretty bleeding cross at his comments but managed not to to swear live on the Beeb and dismissed his comments as "complete twaddle" and rattled off a few figures about the new stadium costs etc.

The club today released the following statement on the matter:

"Tom's understanding of the financial position of the company is incorrect.

"Our audited accounts for the year ending July 31 2001 will be published within the next two weeks and these have been audited by PricewaterhouseCoopers, one of the leading financial organisations in the world.

"It is disappointing Tom should choose to make his comments at a time when this club needs unity and a collective strength."

June last year saw Smeaton raise his head when he revealed that he was connected with a takeover bid, supported by a number of Leicestersire business people. He claimed that there were plans, should the bid succeed, to build a 35,000 capacity stadium with a retractable roof which would be adaptable on a 7 day a week basis as a major entertainment venue. John Elsom described this bid as disruptive and questioned whether or not the 'gang of four' were involved.

Smeaton was back again this summer too. Another consortium of him and some different mates, Roy Parker and John Sharp, were trying to put in another bid in for LCFC. He didn't get anywhere then either.

Should Smeaton keep his mouth shut? Or is entitled to his say as a shareholder?

Tell us what you think about this in the Fans Forum.

 
   
   
     
     
   
 
 
 
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