Guided Missile

You were never good at irony, Ron...

In addition to plugging a very good cause and showing what players like Matt Le Tiss do for both charity and a game of golf, I thought it may be worth posting a picture of the day the romance between Pinnacle and Matt Le Tiss first started. I look forward to the moment that our Irish saviour is holding up the Championship League Trophy, in about 4 years, according to their media release. This may provide a snapshot of that happy day....

No, that's right....it's probably HBOS. They were delighted to lend £1.37M to this bloke and given the success of his group of companies, can't wait to pile in for a few more quid. They are probably phoning round their mates, telling them what a financial genius he is at spotting an asset that will provide a good return. I bet none of them thought of a bankrupt Div 1 football club. This site should be renamed the Gullible Dreamers Forum, so I think I'll take a break for a few days. I'm looking forward to return when Pinnacle bring in the multimillionaire investor, to post a grovelling apology.

See above...and many apologies, it's hard to concentrate when you're witnessing a train wreck....

Feel free to make up stuff to support some form of preconception you have about the Pinnacle Group, but I happen to base my opinions on facts. Tony Lynam is a Director of three companies, all starting with the name Pinnacle. He has chosen the only one yet to file accounts, Pinnacle Property Consultants Limited, to apparently conduct business with the receiver. It was only set up, June 3rd, 2008 and given the asset base of Pinnacle Asset Management Limited, I'm not that confident it will have done a lot of business. The last company that forms a part of his empire is Pinnacle Development Finance Limited and as of 31st October, 2007, this company owned one property which was purchased for £1.2M on the 20th November, 2006, with, it appears, a mortgage from the Bank of Scotland. The balance sheet of 31st October, 2007 shows assets of £1.4M with borrowings of ca. £1.37M. Still I bow to your superior knowledge and am sure that Pinnacle will be able use it's contacts at HBOS to secure funding. Of course, since October, 2007, in the rampant property market, our Irish entrepreneur may have exceeded my expectations, but, I can't say I'm optimistic....a touch of the Blarney stone about this whole thing for me, but I hope I'm proved wrong.

Derry, unlike me, Mark Fry does not give a sh !t giving the time of day to these wasters. When you're on a couple hundred quid an hour, it is easy to look interested, when they tell you about all of the rich businessmen they've sold photocopiers/plasmas/insurance to....

Generally, it is better to hold discussions with the organ grinder. The monkeys normally just screetch a lot and then steal change out of your pocket...

"The Charge of the Light Brigade" comes to mind...

Sorry - missed last nights' other pointless thread on this journalistic pile of dung....

Unless you want to be completely depressed. Fry "hopeful" deal will be done in next 24 hours"....."hopes to align himself with potential purchaser"..."there are some late expressions of interest".... Bottom line is that there is a "decisive" meeting with Pinnacle today. Hopefully one of the first questions is how a company with net assets of £4 got past the reception. They're normally more selective on the occcasions I've been up to a corporate box. Jackson rates a mention as his initial "offer" was below expectations and not been acknowledged by the administrator. In other words, f*** off you bull sh !ting salad dodger.... Lads, we're screwed....

If you left a message for Tony Lynam, I'm going down the pub to get drunk....

At the moment, all I can think of saying is "This is another fine mess you've got us into, Stanley..."

Neil, you are now confirming my worst fears, namely that Rons' knowledge of a potential bid amounts to the Pinnacle led bid. Call me a cynic, if you like, but this all sounds like a crock of sh !t. Just because Tony has played golf with Matt a couple of times and has tried to sell insurance to a few rich businessmen does not qualify him as a good candidate for taking over Saints. If he has told you that Pinnacle Asset Management Limited have been involved in bigger deals than this, then, frankly, he is full of sh !t. Involvement normally means earning a pecentage of the deal or a fee and with an net asset base of £4, including retained profits, I can't quite see that it was achieved through that vehicle. Finally, why the f*** would an extremely rich man need a 33 year old ex-insurance salesman to carry out a deal on his behalf. Either he's a deaf mute or never heard of Price Waterhouse, et al. No, you've confirmed it for me. If this is our best hope, we're f***ed...

Pound to a pinch of sh !t it's Saint David...

I think that the Administrator may well be. He's drained as many billable hours as possible, trying to sell a pig in a poke and maybe there're a few more days left, before he has to write his report, present his final invoice and let Barclays and Aviva know what the reality is. Are there really only 2 "bids", both from dreamers looking for someone else's money to gamble with, in the midst of the worst recession since the 30's and Frys' desparate attempt to shake a foreign bid out of the tree? What if the cards he's stacking, suddenly all fall down, in the first breeze called "proof of funds"? It will be difficult for him to face the reality that no-one wants to/can buy a club two seasons away from the Conference. Compared to him, how will the ordinary fans react to the same potential outcome? I have to confess, the circus that surrounds the bidding process, fills me with dread that we are actually witnessing the silent death throes of a football club that has been around for over 120 years. How will you cope? I'm already thinking of alternatives, trying to readjust my plans for next year. We can joke, blame, criticise, donate but can you face up to the end? It could happen very suddenly and it will be a faceless credit committee that pulls the plug on the life support....

I've removed it. Pity you quoted it, you muppet...

Domain name: pinnacleassetmanagement.co.uk Registrant: Spencer Farmer Registrant type: UK Individual Registrant's address: ****** Registrar: Fasthosts Internet Ltd [Tag = FASTHOSTS] URL: http://www.fasthosts.co.uk Relevant dates: Registered on: 09-Jan-2004 Renewal date: 09-Jan-2010 Last updated: 11-Dec-2007 Registration status: Registered until renewal date. Name servers: ns1.livedns.co.uk ns2.livedns.co.uk

That's nown as a typo...

A grammatical error on your post still remains though: "if their" should read "if they're"....

I'm prepared to bet you £100,000 that neither Marc Jackson, nor Pinnacle Asset Management have tabled an offer and provided proof of funds to Mark Fry. The reason? Neither of these jokers have got the funds and there is absolutely no reason why any sane businessman with the funds would need/want either of them for either advice or support. If you stopped reading the Echo website for all your information and engage your brain, you may understand why everything we have been told to date is the product of fertile minds, trying to sell either a football club or papers.... Failing that, spend a quid on Companies House and check out the Balance Sheet of Pinnacle Asset Management. In fact, I'll save you the f***ing money. As of 31st August, 2008, Pinnacle Asset Management Limited had net assets of £4. They were in better shape in 2007, when their net assets totalled £6. Pinnacle Property Consultants Limited was only set up on June 3rd, 2008 so have yet to file accounts, but if the success of Pinnacle Asset Management Limited is anything to go on, I'm not optimistic. Hard not to take the p!$$, isn't it?

On the contrary, my little Edelweiss....or as they sing in your country: Mutig in die neuen Zeiten, Frei und gläubig sieh uns schreiten, Arbeitsfroh und hoffnungsreich. Einig laß in Bruderchören, Southampton Football Club, dir Treue schwören. Vielgeliebtes Saints, Vielgeliebtes Saints.

Dear Southampton Supporter I am writing to you to outline our plans for Southampton Football Club. I believe that the Club’s previous management team has lost the support and confidence of a wide body of supporters. Moreover, we believe there has been a breakdown in communication between the Football Club and its supporters. The Club’s fortunes, both commercially and on the field of play have also deteriorated. This has come against a backdrop where the previous Boards have failed to raise any new equity investment monies for a period of in excess of 5 years. We believe that if the Saints are to be put back on the road to success, significant changes need to be made to the strategy and operations of the business, in order to revitalise and re-establish Southampton as a Football Club that is genuinely capable of sustained success on and off the field of play. I am pleased to have been able to bring together a management team comprising a blend of exceptional business people; highly committed fans; and experienced football business executives. Together, we share the philosophy and motivation required to “give” the Club back to the City of Southampton and its supporters. This document spells out briefly, as far as we can at this stage, our proposed strategy to achieve a renewed unity of purpose and mutual trust amongst everyone connected with the Club. Our aim is to deliver the success that all supporters and shareholders and indeed all other stakeholders rightly demand and deserve. I summarise briefly below its core components and the philosophy of our approach. • As a priority, we are seeking to establish an open, inclusive and interactive system of communication with our stakeholders The new Board of Southampton Leisure Holdings plc will exercise overall financial and operational control over Southampton Football Club and will be responsible for ensuring that the governance of the Company is both proper and effective. The Directors will be held fully accountable for their actions and will ensure transparency in all of the Company’s dealings. The proposed new Directors will comply fully with their obligations as Directors of a public company which has publicly traded shares. We believe there are several potential new investors who are fans and are genuinely interested to invest in the Club, but who are categorically unwilling to do so while the previous Directors remained in place. We also believe that ownership of the Club should remain widely spread amongst fans. • Our aim is to put at the Football Manager’s disposal the best facilities and resources to enable him to develop a playing squad capable of delivering football success; adoption and implementation of a Football First philosophy. • We do not merely intend to achieve a speedy return to the Premiership. As we explain in this document, our objective is to build the infrastructure, management team and playing squads necessary for sustained football and business success. Such a plan has a substantial cost and without access to the financial and other proprietary business data of the Company, and a thorough analysis of that information, together with a knowledge of the prospects of an appeal against the 10 point deduction next season, it is impractical for us to suggest precisely the level of investment required to achieve our objectives. However, we would propose to keep all shareholders and fans alike fully informed of the results of our analysis once we had completed such a review. • We also discuss in this document the characteristics that single out Southampton Football Club as a family orientated, community-based institution. Within the bounds of sound commercial principles we intend to introduce ticket pricing and related initiatives to recognise these factors. I hope you will agree with our aims to partner with the Club’s supporters to recreate a strong team and commercial business. I believe that the supporters are the lifeblood of the Club and their relationship with us should be a strong, long term and special bond. To this end we will be discussing with supporter representatives how they can be represented at board level. I look forward to sharing with you the success I believe we can bring to Southampton Football Club. Signed Phil Connors

Can you thank Cherry Pip for posting details of the new sponsor that Marc Jackson has organised?

I see that the company he just left had two years from hell, as far as their financials are concerned. Centerprise International lost a total of over £4M in 2006 and 2007. Interestingly, I can't see Stuart Green's name as a director on the 2007 accounts. Maybe there's another Centerprise International, based in Basingstoke....

Bottom right hand corner, without his briefcase....