Guided Missile

IMHO, the only way Pinnacle Asset Management, are in any way involved in the purchase of SFC, is because they may know someone with a f*** sight more assets than they have, and have a Director who is an MLT groupie. They are, again, IMHO, more like Barry Beardall, but with as much money in their briefcases, as film in the Farmer's camera... ...and the clue? "Last Accounts Made Up To: 30/06/2008 (TOTAL EXEMPTION SMALL)" This means their asset value is less than £2.8M and their turnover is less than £5.6M. In other words, they know a former Saints player and a bank manager and hope to get a cut...

I'm not really interested in your experience as either an auditor, or a Pompey fan. What I am really interested in, is how you got banned from this PS3 forum. Were you caught cheating at Halo? :smt018

He normally posts on a Pompey website, with gems like this: Don't you love getting a lesson in the economics of football, from a Skate?

I will never buy a Yorkie and drink (Special Offer at £1.50) in St. Marys again, if that saggy faced, Coc kney Judas returns to the club. He has demonstrated, since leaving our club, just how unsuited he is to manage a football club and what a bad choice he was, when Lowe appointed him. He helped Lowe relegate us and is forever tainted by his links to the Skates and I would like to demonstrate my credentials as a diehard Saints fan, by this selfless and noble gesture. Who's with me?

As far as I am concerned, his complete mismanagement of the club's finance's when, due to our relegation, a steady hand on the tiller was required, means that, if he returns, I will be making the noble gesture of never buying a chicken and mushroom pie at St. Mary's again. The thought of supporting that four-eyed, tax-dodging scouser will make it impossible to stomache. Who's with me?

The fans "confronted" the Burnley fans in the same way they had been doing all game and vice versa. It happens at every match at every ground. All I saw was the mood turn slightly ugly when the Pompey fans were spotted and much uglier when the smoke bomb was thrown from the Burnley crowd. The posters that said we threw it first were mistaken, from what I saw. I saw it being lit, FFS...

The suprise was that the police came mob handed, with dogs at the ready and asps drawn. I presume they knew we were going to lose and thus be relegated... My opinion is that nothing has changed since Hillsborough, apart from the terracing. The majority of football fans are treated like animals due to the rare occurence of misdemeanours by a minority. Yet, both Heysel and Hillsborough were failures by the police in the way they chose to control the crowds. If any young children had fallen over on the pitch on Saturday, they could have been trampled in the brief panic that accompanied the charge by the dog handlers and the police would have blamed the Saints fans for any injuries...

I have to get this off my chest, particularly due to all the cr@ p that's been posted about the pitch invasion. After the bitterly disappointing play-off defeat at Derby, their fans invaded the pitch and ran towards our our end, celebrating. As they approached, to a man, the Saints fans started applauding them and their team. In response to this, they shouted abuse and goaded us, preventing the Saints team from running over to us, to thank us for the support. The police tactics this day, was to face the Saints fans with batons drawn to prevent the minority in the stadium from Southampton, from running on the pitch and potentially sorting these chavs out. Saturday, despite a smoke bomb being thrown at us from the Burnley end, the police were facing us, with dogs and batons drawn. I'm puzzled and would appreciate why this happened from someone who witnessed both events and has a clue ....

Jamie Redknapp...

Having £200M gives you the ability to tell Barclays to f*** off...

Some may say that it would be a good thing for the consortia to merge so that a better deal can be struck. I think this would take us back to the internecine war that ruined the club over the last 5 years. We need a financially strong owner who will call the shots, but I have a feeling it may be back to a "group of local businessmen" with more egos than pound notes. God help us, if this happens...

Just in case we get carried away on a tide of over-optimism, regarding a potentially rich new owner, enabling us to be the Barry Big Bo££ox in League One, the Sunday Times has an interesting list of football club owners in the Rich List 2009. As far as League One is concerned, Simon Keswick who owns Cheltenham Town is worth £870M, Sir Martyn Arbib and Andrew Black of Swindon Town are worth over £500M between them and Robbie Cowling of Colchester United is worth £105M. If we are able to get back in the Championship, I can't see us ever matching the financial muscle of QPR. Between them Lakshmi Mittal, Bernie Ecclestone and Flavio Briatore could buy out Abramovich (worth a measly £7 billion), very nearly twice over. If any owner has to ask how much it will cost to buy Saints, he can't afford to play the game....and it also put into perspective our small fish, big pond, previous owners.

The guy in the glasses, next to the Indian guy looks to me like Nick Vaughan of Paris, Smith and Randall. He is a senior partner in their property department and a great guy who I've known for years. I assume he's dealing with the sale/purchase of the St. Mary's and it is to be purchased with Indian money??

I have a feeling that the mood changed very quickly when it was discovered that a Pompey fan, complete with shirt was seen in amongst the Burnley fans. Was there just one, or did a number get tickets to gloat? I saw a guy in a Pompey top get slung out and there was a lot of anger from the Itchen section nearest the away fans, particularly as "Play up Pompey" was sung. Was this the reason for the minor and I mean, minor, crowd trouble...?

Actually, no, they can't decide who owns us. They have no control over the shareholding of a club, only who is a Director of a football club. They can bar people from being club directors if they have recent convictions for relevant criminal offences including fraud and dishonesty, have been banned for misconduct from any other sports, or are undischarged bankrupts. Quite reasonable, IMO and makes them far from the c**ts you make them out to be.

Sorry if the post came over like that, Barry, but it p!$$e$ me off when the fans are asked to dig deep for a pointless cause, in the middle of a recession. The people that were asked to donate, last time, were the one's who had already bought a ticket for the game, inside the stadium. The fans that should donate, if anyone, were the ones that weren't there...

It works like this. Any money that any deluded fans donate to the club from now, will diminish the loss that the club makes between due diligence and any deal for the club closing. This means that the potential buyer will pay more for the club than if the money had not been donated and thus more money will be available to pay the creditors. More money recovered will probably mean more money for the administrators, but definitely more money for Barclays... Still, get the buckets out, lads, I'm sure you'll feel great donating to the bank that pulled the plug...

Two minor points, if I may... I don't consider accounting or law to be "industries" and I think that philosophy is why our economy, is in the state it is and to a greater degree, why Saints are in the position they are. The sooner people realise that both "professions" are seen for what they are, ie non-productive and overpaid occupations, that drain the life out of many businesses that would be better served, spending the money on succeeding in their corporate mission, the better. I don't consider I have a wealth of knowledge in the insolvency "arena". I was a major shareholder in a company that went into administration and watched, as any the surplus cash was drained out into PWC's account. I am also watching as Begbie Traynor do the same to SLH.

I get touchy when our club is close to going out of existence, TBH. Getting back to the points you and "Rational Rich" made together, it now transpires that not only were you wrong about the strength of the club's case against the 10 point deduction, which I said was inevitable, but today's Echo is reporting that the only reason the club is going to appeal the deduction is that it will give any new owner the option of proceeding with it. I don't expect you to admit I was right about the points deduction and the fact that the Administrator was never going fund a legal action, nor does that fact concern me. I'm still laughing about your suggestion that Barclays may fund it...

Maybe they read the poll on this website: View Poll Results: Would you take administration before the deadline? Yes 93 - 36.19% No 164 - 63.81%

So...neither of you are qualified administrators, then? I also assume, Clapham, that as you and Rich are having a mutual grooming session, you also agree with the reply he posted to me, here, over a week ago...? 15-04-2009, 01:16 PM GM, I think you are getting confused. Having looked at the accounts, player registrations are only included as intangible assets of the group on a consolidated basis, I assume that they are within SFCL. When companies form part of a group, the parent is obliged by law to submit consolidated accounts for the group as a whole and invidual accounts for itself. This does not result in them becoming the same thing from a legal perspective. When you look at the individual balance sheet for SLH itself (p39-44), the assets of that company are just property and shares in group companies, which ties in with what the administrator is arguing. Having now looked at the accounts, I am more confident that the adminstrator's argument will stand up to scrutiny. Remind me to ignore you two windbags in future, in addition to Mark Fry's boll oxe. If anyone wants a reason why Fry and his bunch of bloodsuckers want to take a punt at an appeal, with Barclays money, I suggest they contact one of these characters to ask what their hourly rate is: For further information, please contact: Begbies Traynor: Mark Fry / Kirstie Provan 020 7398 3800 Smithfield: John Kiely/Will Swan/Will Henderson/Andrew Wilde 020 7360 4900 Personally, given the advice that the lawyers originally gave SLH, re. the 10 point deduction, I can't see Barclays throwing more money their way, can you? F***ing lawyers and accountants put the club where we are today, when we needed someone who knew about football, FFS...

Please be objective, Clapham, even if it is difficult. Barclays will not do anything of the sort and you and I know it. The game's up and the sooner we get used to it, the better.

Rich, you obviously have no clue how administrators work. There is NO way that he will incur legal costs, on the chance that the Club will somehow avoid a 10 point deduction and somehow increase the asset value of SLH. The main reason for this is that an administrator does not have the protection in law that a company does, ie he is PERSONALLY liable for any losses to the creditors, that occur as a result of his actions. A new owner will probably throw a few quid at a law suit, if they think it is worth the effort, but the cost of doing this has already been/will be knocked off the value of SLH... Mate, the game is up...

Before I leave for the Saints Sporting Dinner, tonight, I felt that it may be worth trying to seek a solution to our problems, which can be solved by the receipt of sufficient funds. I went onto this website in search of these funds, namely money owed to our beautiful city, by very rich foreigners. I have sent an email to mailto:centre-info@gouv.mc which reads as follows: Dear Sirs, I am a resident of Southampton, in the United Kingdom and am a keen supporter of Southampton Football Club. This football club, which is currently playing in the English Championship, is unfortunately in administration and is threatened with the prospect of going out of business, if money is not found to rescue it. As you are no doubt aware, Southampton was sacked in 1338 by the French, including the pirate, Rainier Grimaldi, who used the plunder that was stolen from the town, including all of the town’s silver, to help found the principality of Monaco. I see no mention of this fact on your website and trust the omission will be corrected. I would be grateful if you could forward this email to the person responsible for your financial affairs, in the hope that a small portion of this booty, together with a reasonable level of accrued interest, could be returned to our city, in a spirit of recompense and fairness, so that the funds could be used to save our football club. Best Regards, etc... Assuming that the silver that was stolen by Monaco from Southampton was, let's say, worth £1,000 in 1338, this amount, at an interest rate of 5% per annuum, is now worth £165,203,664,287,896,340 which, in my opinion, will not only buy Saints and turn them into a Premiership outfit, but pay off the UK's National debt, as well... Please email Monaco ASAP to lend weight to my request. We should demand reparation...

Many apologies for this, but this thread reminds me of an old Red Dwarf sketch, in which a polymorphic alien sucks an emotion out of each of the characters. Rimmer has all of his anger sucked out of him. I think the administrator, (who, in my mind, is a polymorphic alien parasite), has sucked out all of the anger from Chorley, and I think the meeting could well go like this episode: CHORLEY is wearing a T-shirt which reads, "GIVE QUICHE A CHANCE." He also wears shorts and is smoking a pipe. His face ports a goatee and black spectacles. He speaks with a lot of hand movements, fingers together, outstretched. CHORLEY: Look, just because it's an armour-plated alien killing machine that salivates unspeakable slobber, doesn't mean it's a bad person. What we've got to do is get it round a table, and put together a solution package -- perhaps over tea and biscuits. ILLINGSWORTH: (In CROUCH's bunk) Look at him! You can't trust his opinion -- he's got no anger. He's a total dork! CHORLEY: Good point,Nick. Let's take that on board, shall we? Erm, Leon? Leon, do you have anything you want to bring to this forum? CROUCH: (Carrying a bazookoid on his shoulder and holding the baseball bat) Well, yes, I have, actually, Richard. Why don't we go down to the ammunition stores, get the nuclear warheads and then strap one to my head? I'll nuke the smegger to oblivion! (Makes a butting motion with his head.) CHORLEY: Right, well, that's very nice, Leon. Let's put that on the back burner, shall we? Erm, Mary, let's have your contribution ... come on. CORBETT: Hey, don't ask me my opinion -- I'm nobody. Just pretend I'm not here. CHORLEY: That's lovely. Thank you very much. Erm, moving on a step --and I hope no-one thinks that I'm setting myself up as a self-elected chairperson ... just see me as a facilitator -- erm, Nick, what's your view? Don't be shy. ILLINGSWORTH: Well, I think we should send Crouch in as a decoy, and, while it's busy eating him alive, we could creep up on it unawares and blast it into the stratosphere. CROUCH: (Enthusiastic) Good plan! That's the best plan yet! Let it get knackered eating me to death, then you guys could just, like, catch it unawares! CHORLEY: Well, that's certainly an option, Leon, yes. Erm, but here's my proposal: Let's get tough. The time for talking is over. Call it extreme if you like, but I propose we hit it hard and hit it fast with a major -- and I mean major -- leaflet campaign, and while it's reeling from that, we'd follow up with a whist drive, a car boot sale, some street theatre and possibly even some benefit concerts. OK? Now, if that's not enough, I'm sorry, it's time for the T-shirts: "Mutants Out" ... "Chameleonic Life Forms, No Thanks" ... and if that's not enough, well, I don't know what will be. ILLINGSWORTH: Has anyone ever told you that you are a disgusting, pus-filled bubo who has all the wit, charm and self-possession of an Alsatian dog after a head-swap operation? CROUCH: Listen, you bunch of tarts, it's clobbering time! (Hits the bat against his head.) There's a body bag out there with that scuzzball's name on it, and I'm doing up the zip. Anyone who gets in my way gets a napalm enema! CORBETT: I think everybody's right, except me, so just forget I spoke, all right? CHORLEY: Erm, I think we're all beginning to lose sight of the real issue here, which is: what are we going to call ourselves? Erm, and I think it comes down to a choice between "The League Against Salivating Monsters" or, my own personal preference, which is "The Committee for the Liberation and Integration of Terrifying Organisms and their Rehabilitation Into Society." Erm, one drawback with that -- the abbreviation is "C.L.I.T.O.R.I.S." CROUCH: Look, it needs killing! If that means I have to sacrifice my life in some stupid pointless way, then all the better! ILLINGSWORTH: Yes! Why not? I mean, even if it doesn't work, it'll still be a laugh! CROUCH: Right, so let's just cut all of this business (He moves his fingers around the bat in a mouth-talking way) and get on with it! Last one alive's a wet ponce. Who's with me? CHORLEY: Well, the car stickers aren't ready until Thursday, but sometimes one just has to act spontaneously. People, let's go. (Follows CROUCH out.)