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for a start there is every chance that there is lots of infighting going on at Farton. Not everyone there will have the same agenda. Also the lawyers may be dragging it out for the fees. And while there is life there is hope. My guess is that the poopey lawyers think that HMRC wouldn't mind poopey going into admin(because new owners would likely find the money or there is noCVA and its off to the wessex league) but that THe revenue don't really want to wind them up, becuase that way they might well get nothing.So poopey are going right to the wire with the safety net of administration presumably still available.

i had a phne call from HMRC because I owed something less than a fiver. No, really. And when I asked to pay just a few hundred over a couple of months I got an absolute grilling on my outgoings and ability to pay. If HMRC let them off with paying 25% of the bill and installments after having already defaulted on one schedule it truly will be a sign to all the ohers to do what they want, If I was the inspector, I would take my chance in administration. After all,they know that any bought out or new club has to satisfy HMRC, or its off to the wessex league at best.

Maybe if you break the rules you get an automatic 3-0 defeat- which would help their GD. Now that WOULD have been sharp thinking !!

much cheaper to buy palace. And probably a better long term bet.

like rupes, those with a vested interest are trying to get out what they can, or minimise their losses. Really can't see how the new owner will get his money back.Likely too end up spending millions more. anybody who wants to buy a football club on the cheap would do much better taking a trip to selhurst. AT least they have a decent fanbase!

and if you really did want to buy a club on the cheap why on earth would you buy a team 6 points from PL safety when you could likely buy them out of administration sometime soon without taking on the major debts. Palace look a far more attractive proposition any way I look at it.

Well they don't really worry about paying people, so whats to worry about? Can't imagine that unpaid local businesses are too impressed.

quite how the guardians of the national game can allow them to continue to take players onto the books whilst being unable to pay their existing staff, players, local creditors and hmrc, to name but a few, is well beyond my understanding. HOW are they planning to pay ohara, and any others? Well its certainly not with their own money.

they seem to have 3 options. 1. Find several extra million cash and fast. 2. Go into admin. 3 Get wound up.

Just found this: There are three methods to determine insolvency 1. The Cashflow Test. Simply - can the company pay its debts when they fall due for payment? For example if you are not paying the deductions from employees for NIC and Income Tax across to the Inland Revenue on the 19th of the month after the month they were deducted, then the company could be insolvent. If your trade creditors sell to you on say 30 days terms and you regularly pay on 90+ days, then the company could be insolvent. A director has a legal requirement to understand this issue. If he or she believes that the company has insufficient cash to pay its liabilities on time then they must take advice/action. 2. The Balance Sheet Test Simply - do you owe more than you own as a company or are the company’s assets exceeded by its liabilities? If yes, then the company could be insolvent. It is important to point out that this test should include contingent or prospective liabilities. (If you need advice on these issues email us). Many directors tell us that on a balance sheet test the company is not insolvent therefore they do not need to act. However under the cashflow test above the company may still be insolvent. In our experience an apparently solvent balance sheet may include items that are overstated, such as stock and work in progress, or debtors that are not really collectable. After deducting these items many balance sheets become insolvent. So be prudent - you are legally required to present accounts to show a true and fair picture of the business. 3. Legal Action Test If a creditor has obtained a County Court Judgment, this may demonstrate the company’s insolvency and the creditor may petition to wind up the company. (See compulsory liquidation). If a creditor has obtained a statutory demand for greater than £750 and it remains unpaid for more than 21 days, then the creditor may petition to wind up the company. (See compulsory liquidation). If you believe that any of the above tests are positive for your business, it is vital that you and the board of directors take action to address the insolvent position. However, don’t panic, look carefully at all pertinent issues and consider the rest of this website. Remember, if the company is insolvent you must act to maximise creditors interests. If there is no reasonable prospect of the following happening: New or additional capital or finance being introduced to the business to return the balance sheet to a solvent position or to remove the cashflow pressures. A sale or acquisition of the company A company voluntary arrangement or administration then the directors may be accused of wrongful trading. If you are worried about this or your accountant has said he/she is concerned then look carefully at directors disqualification Reason to worry, for poopey directors. Not that they really need extra reasons at this moment in time.

I know this is a bit basic, but please can somebody explain how they are taking on extra salaries, when they can never pay the staff they already have? And how exactly are they settling their liabilities as they arise? They must by now be insolvent, trading illegally.

Doesn't transfer money get channelled via the football authorities these days? which would mean the Kaboul cash would take some time to get to poopey, if at all.

SURELY they are trading illegally now?

This is all very interesting. LBO's are a fact of business life. They are often just a way of releasing the value of an asset that you cannot really afford. I think the footy authorities are exceptionally unlikely to have the finanial expertise to actually keep such things out of the british game.I mean they can't even devise a financial structure that keeps well run clubs like Norwich an Charlton from all but going to the wall on relegation from the PL, so tangling with the big boys of the financial world isn't really an option. And I agree with your caution on ML. He is , I'm sure , the real deal. But Gaydamac looked, to a lot of people, like the real deal for a long time, whilst just using other peoples money to do whatever it was he was doing. (Building up the asset? money laundering?)OK Gaydamac comes from a (lets ge generous) pretty dodgy background, but the way he did what he did at poopey is still feasible elsewhere.Rich folks are pretty loathe to use their own cash when someone else's will do.Kinda makes you long for the simple days of guy askhams biscuit tin. (well not really) Anyway no doubt our fridge magnate will see us back to the promised land. And poopey can be the first football leveraged wind up.

in a recent interview AP seemed to suggest that midfield dominance and possession weren't at the top of his priority list. Although I agree that the two main ingrdients for success are a really solid defence , and the best strikers you can afford, i'm really concerned(especially for next season) that we really don't dominate games the way a top two team should. Our firepower has saved us many times this season, but no team can rely on that for top two form.Really think the midfield needs work.Not sure how though.

THink that next season membership should be reintroduced.(Maybe £30 and your first ticket free?) Getting purchases registered against membership is about as fair a way as any of allocating tix.

Another thing they owe is an explanation to the football world about how they bought their place in the PL on a gun runners borrowed money. And while they are at it, their board owe the world an explanation about how "buying" players that they have no means of really funding is a "level playing field".(about which they are currently so keen.)

i am worried that the skates will get a massive fee for Kaboul, and that everything will be sorted, and the thread will end. Someone please reassure me that£10m won't be enough to save themat least from a drop of 2 divisions at least. They really do deserve some bad times. In my neutral opinion.

rubbish. It has bad bits. Its been badly run. But its green spaces are second to none. The rest could be sorted. I am always proud to show people the best of Southampton. We take places like the Avenue for granted, but its really unique.

I think Patto will end up being at least a decent CCC striker. Hope we only loan him out.

not to mention the fact that our average crowd in a truly awful season in the CCC was not far short of theirs in the PL this season.

our chance is that we keep progressing slowly up the league, and then go on a blinding run in March /April. Theres a glimmer of hope , but that is all.

You are spot on about the midfield. we really don't dominate games the way a really good team should.

When ML bought us he must have budgeted 12m or whatever for the purchase, and another budget of (complete guess) 20-30 m to get us back to the PL. He bought us on the cheap and knows he has to invest to reap the rewards of getting to the PL. And he will get some tasty tax breaks on his losses/ investments.

even if they get big mone for a player, the money can still be diverted by th FA/PL to other clubs I think.(If they deem it necessary)