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7 of those 13 companies were dissolved. 4 of those 7 companies never had any accounts submitted prior to them being dissolved. Makwana resigned from one company in October 22 which remains technically active but appears to be simply existing. Makwana is involved in 5 active companies as follows:- Seventy7 Ventures Ltd. This deals in "management consultancy activities other than financial management". Makwani is the sole director and only employee. Latest accounts show net liabilities of £15,898. On 28th June this year, a charge was filed against the company by a Jersey based company. If Seventy7 Ventures cannot repay the unspecified loan, the Jersey firm has the claim on all aspects of an unspecified project. I can't see anything other than ICT being "the project". Cryptolytx Ltd. This is involved in "other publishing activities" and "new agency activities". He is the sole director and there are no employees. Net liabilities are £19,935. ! am for change C.I.C. (whatever that means). The nature of the business is described as "other social work activities without accommodation not elsewhere classified". There are 2 other directors. It was founded in July 2022. No accounts have been submitted and they are overdue. A notice was published just 5 days ago that "unless cause is shown to the contrary, the company will be struck off the register and dissolved not less than 2 months after the date shown." ELI APP Ltd. Involved in "Other information technology service activities", Makwana is the sole director and only employee. Net liabilities are £86,945. An active proposal to strike off is currently suspended due to an objection. Enterprise Lab Ltd. This company apparently provides "educational support services". Makwana is the sole director and one of 2 employees. The company has net liabilities of £50,634. There is absolutely nothing in all of this that would give me the confidence to give Makwana £10 towards running an ice cream van, let alone taking control of our football club. There are red flags everywhere. It would be good if the club would explain to its shareholders, season ticket holders and supporters in general, what it is about Mr Makwana that gives them the confidence that he can both finance a majority stake holding in the club and then finance and manage the long term development of the club.

Great video which throws the local media's journalistic integrity over this entire debacle into sharp contrast. For the current board and our forner Chairman, a self avowed fan of the club, to rubber stamp this bin fire of a deal they should be forever damned. Shameful and self serving in equal measure. The apparent lack of due diligence and absence of even a cursory duty of care towards either the club or fans is truly mind blowing. I cannot for a second imagine this Walter Mitty-esque fantasist can possibly front up with the money required to conclude the deal unless he's bankrolled by fellow shysters with the sole intention of capitalising on the demise of the club. You think things can't get any worse and then the fourth horseman of the ICT apocalypse rides into town. Truly the darkest of days.

I was kicking a ball around with grandchildren yesterday. I'm 70 and the grandson is 7 and I reckon we both showed more ability than Ferguson junior. Here's a thought. Get us both signed up and we could maybe change the club's name to Seventy7 FC?

I'll celebrate Ferguson leaving as much as I did winning the Scottish Cup and the old First Division. A previous Chairmans decision not to sack a woefully out of his depth manager cost us our place in the Premiership. The current decision to stick with this guy (and even appoint him in the first place) might cost us our club.

LET'S GET PHYGITAL!!!

Ferguson is, by the proverbial country mile, THE WORST manager in the club's history. Ostracised MacGregor, Ujdur and Brooks last season, green lighted the departure of Welsh and Carson, brought in a raft of loanee jobbers and persisted with tactics which were doomed to fail. If that wasn't grounds enough to dislike the guy he didn't even have the decency to engage with Dorran, Ridgers, Esson and co when they were dumped. The outcome of his hapless reign is well documented and the catalyst for the current sh1tshow. A narcissistic, nepotistic drain on our resources who has no apparent raport with either his players or the fans. Get him gone.

I'm sure everyone on here is desperately hoping this is the deal that turns the club around. However, considering who was central to brokering this deal, I can understand the cynicism. Fingers crossed for better days ahead.

Based on all known information, and in light of the unexplained financial position surrounding the identity of the mystery investor a question mark must now exist, pending completion of the due diligence process, as to whether the Board of Directors are complying with the Companies Act 2006, in particular Section 172, the duty of care to promote the success of the Company (1) A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to (a)the likely consequences of any decision in the long term, (b)the interests of the company's employees, (c)the need to foster the company's business relationships with suppliers, customers and others, (d)the impact of the company's operations on the community and the environment, (e)the desirability of the company maintaining a reputation for high standards of business conduct, and (f)the need to act fairly as between members of the company. So it's over to the board to tick all the boxes in this regard .. and this is where the trust could and should play a role in conjunction with other shareholders in holding the board to account by evidencing compliance with statutory requirements.

There are lots of unanswered questions - but just because we don’t know the answers doesn’t necessarily mean the answers will be as bad as you fear! Even if the Board are naive and have been seduced by the buzzwords, the club’s lawyers ought to be ensuring that normal business acquisition procedures are followed, which early on would include obtaining evidence of the availability of the necessary funds. One thing that nobody has pointed out yet is that of the 13 companies Makwana has ever been a director of, NONE of them have suffered any form of insolvency. For a ‘serial entrepreneur’, or fantasist if you prefer, that’s actually pretty good going!

Do a companies house search for any of our main directors past and present and you'll find a string of dissolved companies. E.g. morrison has over 20 and some of them had suffered a wind up order including the company they renamed as the ict concert company. The red flags for me are not is what shown or not in the seventy7 ventures accounts. When it comes time to pay if he doesn't have the money he won't get his shares or whatever it is he is buying. The worry is the lack of any relevant experience and the feeling he's going to turn the club ito some kind of freak show exhibit with all the phygital tech crypto nonsense. It's the fact that he openly states that the football is the last thing to worry about in running a club. I'm starting to hope he doesn't have the money for those reasons.

Yes I’d been through that and reached similar conclusions - although the limited info available publicly might not necessarily tell the full story. Worth pointing out as well that not all of those companies are his, he just is/was a director and not always the owner. For those who don’t know, dissolving a company is something that happens usually when a company has served its purpose and/or just isn’t required any more. There is nothing untoward about this as such and it is very different from insolvency. The American guy on that video, and others, wrongly seem to assume it is a sign of failure or dodginess. It can be, I guess, but it can also be the opposite - transfer business assets or intellectual property into a company, sell them for a profit and then dissolve the company before you have to publish accounts for the relevant year that show how much you made. A claim that appears in various websites that Makanwa “started, scaled and sold” numerous businesses. There is no evidence of that anywhere I looked. Maybe it is a misleading claim, or maybe the deals made him a lot of money and are just hidden through such legitimate means? I’d like to believe it was the latter, but when you see the house that is the registered office, it’s hard to believe he has a lot of personal wealth. Im guessing our Board, CEO and lawyers know how to use Google too and will have asked similar questions to the ones we are asking. Surely?

I think the majority of us that have serious doubts about this have all read what is in the public domain but the board don’t seem to have done the same. You are right they need to explain very soon!

I keep reading about "they" in relation to the ST. The ST is in effected us all as supporters and for £5 pa anyone can get involved and influence direction. Don't see how sitting outwith and criticising helps supporters have a meaningful voice and just gives oxygen to our inept CE.

The kind of glaikit thinking that has got the club into this position.

‘Don’t worry we have enough lifeboats’ Captain of the Titanic as they leave Southampton.

I don't think the Courier have done any digging. That just looks like they've regurgitated a post from his LinkedIn profile.

Dumbarton in the league next week. They finished last in their group in the league cup, so how we do against them will provide a better indicator of the challenge ahead.

We won't be playing Premiership teams every week, thankfully we can take solace from the fact the rest of our seaside league compatriates are crap too going by results.

pretty grim reading but Dundee are a top six premier team and signed Murray who had a phenomenal season at 2nd worst team in league last season scoring 23 goals. ( I saw most of them). Men against boys, or young boys, need to wait and see what happens when season starts next week. I assume Dundee took the foot off the gas 2nd half? We all know it's going to be a huge effort to remain in league 1 with our young kids and over the hill seasoned pro's.

Supporters trust did nothing on the kelty situation. They refused to support a boycott never organised the protest they said they would and even put out a statement saying fans should buy tickets and merch before changing their mind shortly after. They have been weak and passive in all of this. Even the recent statement says they are pleased with the news despite not knowing the first thing about it. Rome is burning and they're fiddling.

It is clear from the Trust's statement that Seventy7 Ventures have not bothered to consult with the Trust during this process. If I was going to pump £2M into a football club I would certainly be wanting to know the expectations of the club's fans and would be shaping proposals accordingly so that I had the fans onside. But then, if I were putting money into a football club, it would be with a view of trying to make the football club successful. I'm not seeing anything in the club statement that gives me any confidence that this strangely named company has the remotest interest in the success of the club. The Trust's statement seems to me a little bit tongue in cheek in that it refers to returning to be a successful community based football club. Clearly, if Seventy7 Ventures become majority shareholders they will call all the shots and the club will become less of a community club than it has ever been. From what little we know, this "deal" has asset stripping written all over it. I sincerely hope I am wrong but we need to know an awful lot more before we can be assured that this is going to benefit the club in the short term, let alone provide longer term security.

Time for another Wyness Shuffle podcast inviting Mr Makwana to a no holds barred interview. Do it lads!

Also what conditions or qualifications come as a prerequisite to any funds being released. Going to be confidential of course to the board and characters like SG, however given the past performances and lack of real business experience or knowledge (not to mention any desire), just who is going to do the due diligence and check the small print clause x, sub section y, that doesn’t leave the Council and the fans picking up the pieces if and when it all goes belly up in 2-5 years when the current board have flown! Hope the council insist on a legal check regarding the land use. Just want to get it out in the open now.

Last week saw the annual Classics on the Common event in Harpenden, just up the road from me. https://www.classicsonthecommon.com/ - have a look at their gallery of pictures from last year - they are great! The usual mixture this year - everything from old Bentleys to Fiat 500s to modern day McLarens. This year there seemed to be more cars and more attendees than usual, which can only be a good thing. We'll start off with the familar - a Cortina which must be owned by a Jags supporter, and a beautifully-presented Anglia.

People are free and entitled to their opinion. Comments and observations should not always be viewed as criticism. Not sure why anyone would join an organisation unless it believed in their views and objectives. Thankfully we are all different and can form our own opinions without having the conflicting view of a few individuals.

I agree with all you say there. Adding that he also had the audacity to give a contract to his son, who Forfar said was not good enough for them!!!

I think they call it "churnalism".

Alarm bells are ringing for the season ahead (literally!)...

My thoughts exactly but i will be happy if proved wrong he has found what most of us have found searching online, very worrying!

Erm, thanks for sharing! The only positive moment for us in the highlights is that we won a throw-in in the opposition half. (However, it resulted in Dundee being through on our goal seconds later)

Not an easy watch. Looks like 2 og's by divine , poor pass by longstaff in his own box, a fluke by Murray

..and back to Annan the week after. Reading the reports from our cup game there we did ok and were unlucky.

One word - shambles.

And, Bearing in mind last season's league cup with only one win, we didn't qualify with a much more experienced team! Our aim is surely to beat Dumbarton and get confidence up!

"We were obviously much stronger in the second half. Sets us up well for the league.".

Well, from 5-0 at HT, I'm pleasantly surprised we didn’t set a new record for heaviest ever defeat. And sadly that’s the best thing that can be said about this.

Waste of time fixing empty stands. Our support is either in the main stand or on the bridge these days.

Half Time: 5-0 The chase is on but we'll need pushbacks.

Look at the positives. We train at Fort George

Hopefully our fans at the game don't turn on the players. Not their fault we're in this position.

Get the bloody lot of them out . Grassa and all the other idiots on the board that are quickly wrecking the club . Simple thing like getting the evil SG out of the club they cannot even manage . Killing the club the lot of them

Given the confusion over the terms shareholder and owner it's probably a similar misinterpretation between down under and going under .. easy mistake

Not for me. It comes across as wildly imaginative, in the same way that Elisabeth McClure said that when she was young, she had imagination to plan to build a swimming pool in her tree house, but lacked the creativity and knowledge to actually make it work / realise it was not practical. For me, the klaxons are ringing because there isn't any business acumen or monies evident, just a sequence of small-scale loss-making failed attempts at it. Certainly there's no shortage of bombast, but nothing to suggest it is well placed. Steve Riley has said in P&J he is a nice fella, but the road to hell is paved with good intentions. Anyway, Seventy7Ventures and its director is a complete distraction, as it is yet to emerge where the money is actually coming from and the identity of the actual movers and shakers.

I am a fierce critic of the ST, however they are the recognised formal voice and representation of the fans. They will be the first fan group any new investor will pay attention to as they will influence most of the supporter in whether to back or oppose new investors. Without the ST ‘Kelty’ would have prevailed. That said, the ST can’t be seen as the stooge for this new investor. They must be more professional in any dialogue they can get by probing challenging questions on the risks involved in the eyes of the fans, not investors in for a quick buck. Ie security of the stadium / land, Debt accumulation/ directors bonus and dividends. I just want to avoid a Thames Water type position in three years time at the club where the S7V investors have ‘tailed-it’ leaving a mountain of debt for suckers to deal with, whilst they move on to new ‘opportunities’.

Seventy7 Ventures clearly does not have anywhere near the capacity or means to become a major/majority shareholder. Going by its latest accounts, it wouldn't be able to cover the salary of one player for a season, let alone purchase any shares. For the board to have been this stimulated, there must be a large source of funding that is not wanting to be reported, which brings many, many questions. It is par for the course that Panos, Gardiner et al. will now fudge everything, to the end. The shareholders now come to the fore, as do the proper legal processes and protocols, to explore if the true provenance of the investment is using Seventy7Ventures as a conduit and any motivations behind the interest. Given the CEO and board's track record and possible motives, and the opaqueness of the situation, some are already on the front foot since yesterday to ensure the articles, regulations and legal processes are followed to the letter.

I would hope that the new majority shareholders will have done at least a little research on the current state of the club and be very keen to mend bridges between the club and its fans? Whilst the trust might not be perfect its membership has swelled significantly in recent weeks for obvious reasons. What other body is at all representative of the fans?

A new owner could see the Trust as being representative of the supporters, in which case it would be in their interest to get the Trust onside. I like the idea of the Supporters' Trust and see it as a practical route to uniting the fans and giving us a voice. You say it's not representative of everyone, but it seems it's the best we've got at the moment.

Sadly I’m one of them Yngwie but do agree with you and Robert. I have no depth of knowledge in the field so it’s mostly just perception. From what I’ve been able to gather I struggle to see that in depth due diligence would find this company to be ‘fit and proper’. At the moment it all seems very dodgy with Gardiner’s fingerprints all over it. I hope for the best but fear for the worst…

I'll see Kilmarnock and raise you a Europa League draw song: