Horley CTFC Saint

HRMC is not owed enough to be a worry - only £2m - they'll be outvoted by the other creditors in a CVA proposal. Bigger worrry will be the football creditors because without these being paid 100% expect further League sanctions to be applied

You didn't believe that rubbish surely?!

Stockport but hey the way things are going we'll be mid table after the first game of next season

Most likely to put club into a CVA situation and try and agree a deal with the creditors to come out the otherside with the current club intact - gives him more time and also means that the club doesn't have to be reformed following a liquidation. If the latter we get relegated two divisions and as we are already down to Div 1 that means the BSP

They accepted 50p in the £ on Crawley Town's CVA albeit grudgingly and after having voted down a number of previous CVA exit proposals. Anyway I am not aware that the administrator has put either SLH or the club into CVA at the moment

....and how at fault were the likes of Dulieu and those other guys involved in the SISU bid?

Only in the that he never released enough funds into the business! The guys a skinflint - don't like him glad he's gone but he is not the reason why SFC is where it is financially. If and when we get new owners I hope that they dont pursue the strategy of the regime immediately prior to Woopert II - that was plainly **** or bust and is no way to run a football club

You would have to start in whatever league you could get into - that will depend on a vote of the member clubs - I would envisage that subject to ground grading criteria you would be looking at something like the lowest division of the Rymans league. Incidentally when AFC Wimbledon tried to get into the Rymans a few years back they didn't get sufficent support but the Combined Counties accepted them. Ground grading wouldn't be a problem if you were playing at St Marys! but thats not likely you would probably end up with a ground share arrangement with someone like Eastleigh or Totton acting as the landlord. There's no way you would get into the BSP or the BSS not if there was another Southampton being operated by Woopert

Hope so because otherwise it equates to an awful lot of unpaid tax to HMRC!

If Saints do go under perhaps someone will buy the stadium and Pompey FC and move the franchise to Southampton to give the town Premiership Football. Then maybe to show that its a new start for Pompey they could maybe change the club strip to something like Red & White Stripes and as they will be playing at the St Mary's Stadium and not in Portsmuff perhaps a good would be The Southampton Saints. Seems like a plan

A CVA is a form of administration...hey but what happens if the adminstrator puts the club into CVA (which its not at the moment) does that mean a further points deduction?

...and dont forget Boston

Excellent Crawley v Saints...a local match at last

Youth team?

WH Ireland?......only joking

Given the extremely and somewhat premature negative comment of our manager following the Wednesday result "we need a miracle" - it doesn't seem very likely does it?!

Then the football club would go into CVA

I think you're putting the cart before the horse there - the next step will be a CVA not "go to the wall"

Football Creditors and HMRC will require to be indemnified 100p in the £. The first set of creditors will be important as if they aren't satisfied I believe that puts us in breach of FL rules and gives the FL the right to apply sanctions. The second set is likely to vote against any proposal less than 100% reimbursement so if we owe big numbers to the taxman we may have an issue on agreeing any administration deal.

Wouldn't the club go into CVA first before going to the wall?

Not sure that this will be the case here but when they took my local club Crawley Town through its CVA I understood that they agreed a flat fee for the administration work but with some agreed "add ons". Not sure that they ever collected on the add ons though - these they may have written off!

Just to make it clear the HMRC are only interested in ensuring that their own debts are paid in full - they have no interest in what happens with the Football Creditors. The full reimbursement of Football Creditors is a totally separate issue from the HMRC debt and does not have parity with HMRC's claim as a creditor. The full indemnification of the Football Creditors is a rule of the FL

They've done a whole string of Football Club CVAs check out their website Wrexham comes to mind

Well said - Lawrie is a Saints legend for those of us who remember the good old days and don't chose to rewrite history for their own aims

Must admit I was wondring about this too. Does anyone have an 'idiots guide' to when all the main financial misdemeaners took place and who was actually in charge at the time? Lowe has always struck me as a total skinflint and it seems a slightly inconceivable to me that he would have instigated players salaries at 80% of turnover - did this occur when Crouch or Wilde was in control? Someone out there should have a good understanding of the chronology and perhaps its time for this to be set straight for all of us not ITK