Gemmel

Nope that's my understanding

Never in a million years, at least not without backers. If some magician managed to persuade Barclays and Aviva to accept 33p in the pound, then it would still cost over 9 million to buy Aviva out and Barclays, 2.3 million (Ultimately Barclays might not get a choice, but Aviva do, administration or not) but lets say they went for, then throw in the administrators fees, the other creditors and Inland revenue and as orginal shareholders will get feck all, include the money he has already laid out and youre looking at over 13 million to buy a football club that is losing money and wwill stand a real chance of getting relegated again due to the points penalty. Leon is a successful business man and is net worth is estimated at under 10 million pounds. Why would a man at his time in life risk his entire fortune on one of the riskiest, cash hungary businesses known to man. Of course he could just opt to take the debt on, but again, why would he commit himself to that burden in such an uncertain business.

I think your wrong Frank (But this comes from someone who was just about to google "lorimeresque", until i realised what you meant ) I want lowe gone, as i have completely lost faith in his ability to do a half decent job and run the club consistent with it's best interests. But that desire to see him gone, does not mean i would like to see the club go into admin to make it happen and i'm sure many fans would feel the same.

The only way Administration would work is if we are picked up by a sugar daddy. I personally don't think there are to many of those out there intrested in Saints, although i would add, anybody interested at the moment would almost certainly wait and see if admin does happen before making a move. But putting that to one side, (And i'm not sniping here) but what do you think would happen if we went into admin....as in the end results, the final outcome

Im not saying they arent loking at it or indeed actioning it, but the points below mean that AVIVA would still get over 10 million (Average 42%) and Barclays would get 70k, so whilst Aviva might (I doubt it though) take 10 million if Barclays only got 70k, they would never sign a CVA and we would have another minus 17 points The business is usually sold with little or no open marketing. Unsecured creditors are usually not informed of the pre-pack until after it has been completed. Secured creditors will usually be aware of the transaction as they will generally be required to release their security. What are the benefits of a pre-pack? More jobs are preserved Pre-packs preserve more jobs than business sales (i.e. a going concern sale of the business negotiated and arranged after the commencement of the insolvency procedure). In 92% of pre-pack cases, all of the employees were transferred to the new company which compares with 65% for a business sale. They provide a satisfactory return for secured creditors The reality of a business going through insolvency is that the creditors very rarely receive all of the money owed to them. It is therefore more accurate (and helpful) to consider what creditors might reasonably expect in a distressed situation rather than the total amount owed. The average return for secured creditors in a pre-pack is an average of 42% as compared with 28% in a business sale. The average returns to unsecured creditors in insolvency cases are very low, pre-packs provide just 1% of return, whilst in business sales the average return is 3%

Well given that it would be owned by Aviva, they would simply need to bring contractors in. On the basis that a lot of these trades are on the balls of their arses, there really wouldn't be a problem if it meant good work. That's not to say thats what i think will happen, i'm sure it won't, but people need to stop kidding themselves that Aviva will simply walk away or take a massively reduced percentage. There is no reason for them to do so and they aint walking away from 24 million pounds. Do not apply the same rules to administration with other clubs to Saints, we are a very different kettle of fish.

Alpine, it is because of the stadium, that Administration is very different for Saints than other clubs. I can't be bothered typing it all up again, but the only way we could come out of admin having achieved anything is if we get picked up / bought by someone who Aviva are satisfied can service a 24 million pound debt, or pay it off all in one go and there aren't many of those around now. If the debt was owed to someone else or it was unsecured,it would be a different story, but the ground is still in effect own by Aviva, without it we don't have a club, (Unless they can get some stands erected at the common). If the Administrators found 10, 20 or 30 p in the pound for Aviva, do you think they would take it or hold onto the land or reuse for some other sports related business

And do you still think it will solve all of our problems? Or have you realised yet, that it will probably create more than it could ever solve.

And what's your take on Admin these days Stanley?

They should of used "Stanleys" administrators, he posts on here, so get him to give you their number. With Stanleys administrators, all debts get wiped off, the board all leave, shareholders get feck all and some mega rich guy comes and takes you over so you can start again next season trouble free. .... it's easy

Cheers didnt know that, although im still sure that the only people that would put us in admin is ourselves and it would have to be a mighty big hole for lowe to actually flick the switch.

Haven't missed a home game for 4 months Seriously though, you know why i'm not going as much and it has nothing to do with what league we are in. When the politics takes a back seat to the football and the players at least look like they are trying, i'll be back.

There is nothing in it for Barclays or Aviva to put us in administration at this point in time. Even if they wanted to and that was their intention, they would wait and see how the season pans out in the hope we stay up and therefore attract more season tickets renewals (More cash) than if we went down - Even that is unlikely imho, but i certainly can't see them doing it now. The IR is a different kettle of fish and until Duncan's post, i didn't think it was an issue for us. Recently Weston Saint (Who is obviously well connected at the club) said he didnt think there were any issues there, but if Duncans right, then this would be our biggest threat to admin and also coming out of it with a CVA. What is possible (From my very limited knowledge on this - and more than happy to be corrected) is that with the half year accounts due out, in less than 7 days (I think that's right) that the Auditors will no longer sign them off as a "Going concern", which effectively means we would have to put ourselves in voluntary administration and again, my guess would be that even with the points penalty being applied this year if we do it this week, Lowe will take the fine of publishing the accounts late and hold on for as long as possible, in the hope we stay up and that he can magic some investment or bring Crouch back into the fold on the promise of some money. The above might be complete ******** and is pure guess work

Can i suggest that you might want to opt for netball at the sports centre every Saturday? Very pleasant sights and no bad language......not like that nasty football

I don't know whats happened and no clearly defined line in the sand as to when it did, but last year (And 20 of the last 30 seasons before) I'd have checked the league table about 4 times a day and gone through the different permitations of results and upcoming fixtures, trying to work out how we would stay up. This time feels different, lethergy has set in and i'm resigned to going down. I love this club and always will, but something has happened along the way and the fight has gone. I actually hope it is just me, but from the forum and matches, i get the sense that there's a few more going through the same emotions and that some of the magic of the club or being a Saints fan has gone for the time being. Hope i'm wrong.

I thought it was Mickey Evans sideburns :confused:

Man down already http://news.bbc.co.uk/1/hi/entertainment/7948783.stm

Stanley and Nineteen ????

I hate to tell you love, but it's in your ******* t-shirt as we

Ill shut up

I trust none of the players will be going out in town afterwards or; Stealing mobile phones, Throwing Chinese over fans Running red lights Drink driving Smoking in Jumpin Jaks

Just had an email from a Blackpool fan, that one of their past "Greats" has died. Minutes silence on Saturday. Not familiar with him myself, but this is apparently a big thing to Blackpool fans

Cheers Jonah

On the OS, with the other finanancial details, it has; The percentage of AIM securities not in public hands is 36.60% http://www.saintsfc.co.uk/index.php?page_id=8873 Does that mean that the club manage or own a third of its own shares? I remember seeing something in the annual report but didn't think it was that high.

No of course not, but i still can't work out what the logic, (other than "Rupes knows best") really was. But as you say it's done now and we've got what we've got with 8 games to play. If the worst does happen, i don't think lowe will be around long enough to debate the whys and wherefores and we will just have to pick up the pieces and move on. One thing i really hope that comes out of all of this is that we can go back to being fans of football and not fighting amoungst ourselves as to who the best shareholder is. I am as guilty as anyone, but it seems to have gone on for years and i don't know if other clubs have the same battles between themselves, but i can help but think that were cheating the next generation of fans, who have grown up with all this crap.