Delmary

Salz has been busy trying to find investors (from Echo 14th May 2009): http://www.dailyecho.co.uk/search/4370018.BBC___s_former_chief_fights_Saints____cause/

Heard this also.

read this: http://www.portsmouth.vitalfootball.co.uk/sitepage.asp?a=155080 The guy's on a wind-up. Come on Mods!

What's this got to do with Saints.

If guilty I hope the courts come down hard on him.

You're starting to sound like our old short-sleeved shirted friend Tom McLoughlin :smt009

http://www.saintsweb.co.uk/forum/showthread.php?p=299719#post299719 Post #90 What makes you so confident this time?

54K to be exact.

I hope you're wrong. I do find it amazing that a club of our size and history is struggling to find a buyer but I suppose it's the sign of the times.

Sticky??

Another productive day at work. Not!

The home section of the Dell always sold-out for league games and there was a big season ticket waiting list! Season tickets where like gold-dust. So'ton will always be a potentially bigger club than Portsmouth. Our city is much bigger, it's one of the fastest (3rd) growing places in the uk. Portsmouth is land-locked and has limited capacity to expand its supporter base.

Let's all wait before passing judgement.

Very bad news!

Well I appreciate the info. Thanks.

I think we will hear some major takeover news this week. It fits with the administrator's timeline: http://news.bbc.co.uk/1/hi/england/hampshire/8024522.stm

Read the introduction

It's not quoting a deadline. It's the date the football league rules came into effect. That's all;)

There is no deadline for CVA. But as pointed out elsewhere the CVA doesn't apply as the club is not in administration. Nevertheless, I'm sure the league will view this differently. It's going to be a legal minefield for whoever takes us over.

The points penalty only applies if we come out of administration without an agreed CVA. It doesn't need to be agreed before the season starts!

Could have helped paid for NP's wage:(

Plus Andrew Cowen's wage. I bet he was not working for nothing!

According to yesterday's Echo 'Rupert Lowe was on around £100,000 a year prior to administration'.

It's wrong and the mods should delete such info.

Spot on GM. Why would a so called mega wealthy investor want to employ the services of Pinnacle? Very suspect.