sussexsaint Posted 26 June, 2009 Share Posted 26 June, 2009 If you stay glued to your computer then no If you go out somewhere then yes Very true I popped out for an hour and mark Fry announced the club would fold come Friday. Ron as you would no doubt say - in a fortnight we could well have jumpers for goalposts Link to comment Share on other sites More sharing options...
RonManager Posted 26 June, 2009 Share Posted 26 June, 2009 Very true I popped out for an hour and mark Fry announced the club would fold come Friday. Ron as you would no doubt say - in a fortnight we could well have jumpers for goalposts Ok, so working on that premise, go out again and let's see what happens this time. :cool: Link to comment Share on other sites More sharing options...
suewhistle Posted 26 June, 2009 Share Posted 26 June, 2009 The bit I don't understand is that if Fry and his team have done a proper job there shouldn't be an issue over the availability of funds: over their disposition perhaps, but not the inherent ability of the backers to fund the purchase in some way. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 26 June, 2009 Share Posted 26 June, 2009 Just a thought...how much money has Sir Alan Sugar got? There is a Jewish connection for you Maybe Alan is one of his connections in the Jewish community as The Farmer mentioned. Link to comment Share on other sites More sharing options...
SaintBobby Posted 26 June, 2009 Share Posted 26 June, 2009 SSN reported that no takeover likely until late next week. Link to comment Share on other sites More sharing options...
trousers Posted 26 June, 2009 Share Posted 26 June, 2009 SSN reported that no takeover likely until late next week. FFS Link to comment Share on other sites More sharing options...
Bailey Posted 26 June, 2009 Share Posted 26 June, 2009 SSN reported that no takeover likely until late next week. By which time the likes of Wotte, Davis, Euell, BWP etc will all be out of contract. Assuming someone does eventually buy us, it will be interesting to see what team we put out against Millwall! Link to comment Share on other sites More sharing options...
Saint Billy Posted 26 June, 2009 Share Posted 26 June, 2009 SSN reported that no takeover likely until late next week. That'll be the swiss group then. Link to comment Share on other sites More sharing options...
the scud Posted 26 June, 2009 Share Posted 26 June, 2009 Just a thought...how much money has Sir Alan Sugar got? £800 million Link to comment Share on other sites More sharing options...
sussexsaint Posted 26 June, 2009 Share Posted 26 June, 2009 I give up seriously Link to comment Share on other sites More sharing options...
SaintBobby Posted 26 June, 2009 Share Posted 26 June, 2009 By which time the likes of Wotte, Davis, Euell, BWP etc will all be out of contract. Assuming someone does eventually buy us, it will be interesting to see what team we put out against Millwall! Yep - Gary Cotterill mentioned that several players, including Kelvin, will be out of contract and so will Wotte. Said our first pre-season friendly is just 8 days away. Said the two non-Pinnacle bids are the Swiss and a local businessman from Bournemouth (groan). Staff are "happy" to work for a week without pay. Link to comment Share on other sites More sharing options...
rudi-skacel Posted 26 June, 2009 Share Posted 26 June, 2009 if pinnacle want to pull out of buying us,then why don't they just do it,instead of carrying on with this charade,cos ultimately i don't see the league backing down,and pinnacle are just wasting everybodys time.let someone buy us who means business. Link to comment Share on other sites More sharing options...
Paul Chuckle Posted 26 June, 2009 Share Posted 26 June, 2009 :-( will this ever end Admin is so fun though isn't it..... Link to comment Share on other sites More sharing options...
SaintBobby Posted 26 June, 2009 Share Posted 26 June, 2009 if pinnacle want to pull out of buying us,then why don't they just do it,instead of carrying on with this charade,cos ultimately i don't see the league backing down,and pinnacle are just wasting everybodys time.let someone buy us who means business. Because it would be very embarrassing to those fronting the bid. Might as well keep a tiny chance alive and/or sustain the delusional fantasy as long as possible. Link to comment Share on other sites More sharing options...
paris Posted 26 June, 2009 Share Posted 26 June, 2009 Tick Tock... Link to comment Share on other sites More sharing options...
OldNick Posted 26 June, 2009 Share Posted 26 June, 2009 OK so I go away for 5 days and I come back to a front page of the forum full of what looks like disaster threads! WTF has happened - can anyone sum up for me please? Tx yep it is an absolute disaster and a right mess Gordon Brown is still running the country Link to comment Share on other sites More sharing options...
trousers Posted 26 June, 2009 Share Posted 26 June, 2009 But back in the real world' date=' it appears that TLs bid was built like a house of cards - and that thsi whole issue of -10 points appeal was a an excuse - no wonder TL has been working flat out on this deal - it would appear he's been working flat out to get teh funding because whatever arguments put forward [b']there is SIMPLY NO JUSTIFICATION on earth for putting -10 points ahead of the survival of the club and a fresh start..NONE whatsoever [/b]- its an excuse because when they needed to hand over the cash, like old mother hubbards poor wee hound, they discovered the cupboard was bare and have been desperatly trying to find suitable funds ....iMHO of course.. I agree with this Link to comment Share on other sites More sharing options...
sussexsaint Posted 26 June, 2009 Share Posted 26 June, 2009 As do I, there is no point on insisiting on a 'level playing field' if there is no fricking field to play football on Link to comment Share on other sites More sharing options...
trousers Posted 26 June, 2009 Share Posted 26 June, 2009 yep it is an absolute disaster and a right mess Gordon Brown is still running the country No he's not. He's taken the opportunity to resign without anyone noticing by hiding behind today's other major news story. Keep up Link to comment Share on other sites More sharing options...
SaintRichmond Posted 26 June, 2009 Share Posted 26 June, 2009 Which IMO is the reason the Pinnacle bid has stalled. They agreed a fee with the proviso they could appeal and try and overturn the 10 point penalty, therefore buying a club with a chance of promotion. They then find out that the FL were not only denying that appeal and because of the license issues, could possibly add further sanctions. If another 15 point penalty is added and we start on -25, they are at the very best, buying a club fighting a relegation scrap but most probably already destined for League 2. A big difference in the value of a club with a chance of promotion and one destined with relegation, however because the fee had already been agreed, there was nothing Pinnacle could do about it (other than pull out, of course). Question ..... OK we've heard all the rheteric, though NONe of us are close enough to KNOW all the details, but, if push comes to shove, will the Football League just stand back and let a Founder Memeber simply DIE ????? Link to comment Share on other sites More sharing options...
rudi-skacel Posted 26 June, 2009 Share Posted 26 June, 2009 to what end though,the total death of our club. Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 26 June, 2009 Share Posted 26 June, 2009 I just want clarity now! If the Pinnacle bid isn't what they say it is on the tin, get out of the kitchen. If on the other hand it is, just sign the deal, we literally have a week left! if they do pull, we are then left hoping that the Swiss who we know nothing about say yes early next week and sign! if they don't MJ may just be the saviour!! Whatever happens though, the time has come for all cards to be left on the table! this time next friday, I may be writing our obituary! Ps when I used the phrase 'teetering on the brink of collapse' last week, I don't think I was that far off the mark!! Link to comment Share on other sites More sharing options...
JustMike Posted 26 June, 2009 Share Posted 26 June, 2009 am surprised TL hasnt been back on with another of his troop rallying speeches Link to comment Share on other sites More sharing options...
itchen Posted 26 June, 2009 Share Posted 26 June, 2009 if pinnacle want to pull out of buying us,then why don't they just do it,instead of carrying on with this charade,cos ultimately i don't see the league backing down,and pinnacle are just wasting everybodys time.let someone buy us who means business. Because, as I read it, Pinnacle still want to buy the club (or are at least claiming this). There is nothing to stop any other bidder coming in with either a better offer in money terms or one that will go through more quickly. It's then up to Fry and the creditors to decide whether to accept the new offer or stick with whatever Pinnacle are offering in the hope that it may come off. I don't see that Pinnacle sticking around is actually an obstruction to a deal with anyone else. Fry and the creditors are presumably much better informed of what is in the various bids, their timescales and credibility than any of us on here. It's down to them to choose. What I can't get over is why Pinnacle have invested a substantial sum (between £100,000 and £1,000,000) directly into the club plus incurring must be substantial costs if they are not serious. It simply would not make sense. Having said that, if somebody else can come in with an offer that means the staff get paid, we keep at least some of the team and have some sort of pre-season preparation then I would welcome it. Link to comment Share on other sites More sharing options...
RonManager Posted 26 June, 2009 Share Posted 26 June, 2009 Question ..... OK we've heard all the rheteric, though NONe of us are close enough to KNOW all the details, but, if push comes to shove, will the Football League just stand back and let a Founder Memeber simply DIE ????? Like all sports governing bodies, they write the rules on their hand, and you 'talk to the hand' - no eye contact is made and their ears are surgically removed.:smt093 Link to comment Share on other sites More sharing options...
Webby Posted 26 June, 2009 Share Posted 26 June, 2009 am surprised TL hasnt been back on with another of his troop rallying speeches Maybe he's busy? Ooh, what could that mean? Link to comment Share on other sites More sharing options...
SaintBobby Posted 26 June, 2009 Share Posted 26 June, 2009 am surprised TL hasnt been back on with another of his troop rallying speeches He's probably just putting the final touches to the contract taking over the club :-) Link to comment Share on other sites More sharing options...
Norm Posted 26 June, 2009 Share Posted 26 June, 2009 Because, as I read it, Pinnacle still want to buy the club (or are at least claiming this). There is nothing to stop any other bidder coming in with either a better offer in money terms or one that will go through more quickly. It's then up to Fry and the creditors to decide whether to accept the new offer or stick with whatever Pinnacle are offering in the hope that it may come off. I don't see that Pinnacle sticking around is actually an obstruction to a deal with anyone else. Fry and the creditors are presumably much better informed of what is in the various bids, their timescales and credibility than any of us on here. It's down to them to choose. What I can't get over is why Pinnacle have invested a substantial sum (between £100,000 and £1,000,000) directly into the club plus incurring must be substantial costs if they are not serious. It simply would not make sense. Having said that, if somebody else can come in with an offer that means the staff get paid, we keep at least some of the team and have some sort of pre-season preparation then I would welcome it. One of the few (by a long mile) sensible posts on the subject, imo. Link to comment Share on other sites More sharing options...
sussexsaint Posted 26 June, 2009 Share Posted 26 June, 2009 Maybe he's busy? Ooh, what could that mean? Crying into his Panda shandy and packet of wotsits Link to comment Share on other sites More sharing options...
John McAndrew Posted 26 June, 2009 Share Posted 26 June, 2009 so lets say it is -25 points and not just the -10....would the club be worth £14m...would you be prepared to write off a whole season and how would we attract better players,a decent manager etc....would you be happy with the swiss signing this off and allowing it to happen Link to comment Share on other sites More sharing options...
treggs23 Posted 26 June, 2009 Share Posted 26 June, 2009 Now I've been more willing than most to give Pinnacle the benefit of the doubt, but shouldn't Tony's 'contingency plan' for wages be coming into action pretty damn soon?? If it doesn't, will that be a definite sign that their takeover isn't going to happen? I had a dream last night that we went out of business, and to be honest it was a lot less painful than all this waiting... Link to comment Share on other sites More sharing options...
solentstars Posted 26 June, 2009 Share Posted 26 June, 2009 Because, as I read it, Pinnacle still want to buy the club (or are at least claiming this). There is nothing to stop any other bidder coming in with either a better offer in money terms or one that will go through more quickly. It's then up to Fry and the creditors to decide whether to accept the new offer or stick with whatever Pinnacle are offering in the hope that it may come off. I don't see that Pinnacle sticking around is actually an obstruction to a deal with anyone else. Fry and the creditors are presumably much better informed of what is in the various bids, their timescales and credibility than any of us on here. It's down to them to choose. What I can't get over is why Pinnacle have invested a substantial sum (between £100,000 and £1,000,000) directly into the club plus incurring must be substantial costs if they are not serious. It simply would not make sense. Having said that, if somebody else can come in with an offer that means the staff get paid, we keep at least some of the team and have some sort of pre-season preparation then I would welcome it. thats how i read it. Link to comment Share on other sites More sharing options...
The Farmer Posted 26 June, 2009 Share Posted 26 June, 2009 so lets say it is -25 points and not just the -10....would the club be worth £14m...would you be prepared to write off a whole season and how would we attract better players,a decent manager etc....would you be happy with the swiss signing this off and allowing it to happen Can't see anyone in their right mind, fan or not, willing to do this. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 26 June, 2009 Share Posted 26 June, 2009 so lets say it is -25 points and not just the -10....would the club be worth £14m...would you be prepared to write off a whole season and how would we attract better players,a decent manager etc....would you be happy with the swiss signing this off and allowing it to happen The value of the Club will be well under £14M if the League start us on -25 The " value " offered by any Buyer will NOT be accetable to the likes of Barclays and Aviva ......... So, we will NOT get bought IMHO ......... Link to comment Share on other sites More sharing options...
OldNick Posted 26 June, 2009 Share Posted 26 June, 2009 Can't see anyone in their right mind, fan or not, willing to do this.it depends though doesn't it. if we have a choice of no club or starting at -25 you'd take the big hit. The minus 10 would be a problem but it was not the thing that could stop us getting to the play-offs. the crowds would hit the 22 k mark with a team doing well even in this league. Talk to the Bournemouth directors and they will tell you doing well in the L1 will give you bigger crowds than at the bottom of the Championship. Even without the -10 we wouldnt get guarenteed promotion and so if it really is about the -10 you should inform your people that -10 is not beyond saving and we could make the lucrative playoffs or better if guided correctly. 10 points can be made up, look at Donny who were cut adrift last season and trhey ended up comfortably in mid table well above our points total. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 26 June, 2009 Share Posted 26 June, 2009 it depends though doesn't it. if we have a choice of no club or starting at -25 you'd take the big hit. The minus 10 would be a problem but it was not the thing that could stop us getting to the play-offs. the crowds would hit the 22 k mark with a team doing well even in this league. Talk to the Bournemouth directors and they will tell you doing well in the L1 will give you bigger crowds than at the bottom of the Championship. Even without the -10 we wouldnt get guarenteed promotion and so if it really is about the -10 you should inform your people that -10 is not beyond saving and we could make the lucrative playoffs or better if guided correctly. 10 points can be made up, look at Donny who were cut adrift last season and trhey ended up comfortably in mid table well above our points total. WHO exactly is "WE" ........... We cannot find anyone to take "The Big Hit" PLUS, in a few days time .... WE WILL HAVE FEW PLAYERS LEFT Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 26 June, 2009 Share Posted 26 June, 2009 Am I right in thinking that the Echo are right in saying any one of the three groups could seal the deal now!! Basically, MJ or the Swiss could waltz into Fry's office, agree to the Pinnacle offer and buy the club this afternoon if they wanted!? Link to comment Share on other sites More sharing options...
trousers Posted 26 June, 2009 Share Posted 26 June, 2009 so lets say it is -25 points and not just the -10....would the club be worth £14m...would you be prepared to write off a whole season and how would we attract better players,a decent manager etc....would you be happy with the swiss signing this off and allowing it to happen Fry's statement today says Pinnacle's issue with the Football League is about the right to appeal about the 10 points. He doesn't mention anything about protecting against further points reduction. Link to comment Share on other sites More sharing options...
The Godfather Posted 26 June, 2009 Share Posted 26 June, 2009 Am I right in thinking that the Echo are right in saying any one of the three groups could seal the deal now!! Basically, MJ or the Swiss could waltz into Fry's office, agree to the Pinnacle offer and buy the club this afternoon if they wanted!? Thats how I read it. Agree to the conditions of the contract and sign on the dotted line. Link to comment Share on other sites More sharing options...
solentstars Posted 26 June, 2009 Share Posted 26 June, 2009 Can't see anyone in their right mind, fan or not, willing to do this. i agree and i cannot see any group wanting the club if we are going to start with a -25 points , Link to comment Share on other sites More sharing options...
Clifford Nelson Posted 26 June, 2009 Share Posted 26 June, 2009 I'm trying to get my head around what Pinnacle has been up to. Surely Mark Fry would have found out who were behind the bid and found it acceptable. What has been going on the last week has been a stalling operation from TL, since it must have been absolutely clear to him that FL was not going to change their mind. Did he lose the money man? And has spent this week unsuccessfully seeking a replacement? Because nobody but the desperate would have put up Michael Fialka as the man behind the bid. It only took a few second to Google him and find him wanting. The deal is now dead, but what on earth has been going on? Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 26 June, 2009 Share Posted 26 June, 2009 Fry's statement today says Pinnacle's issue with the Football League is about the right to appeal about the 10 points. He doesn't mention anything about protecting against further points reduction. Everything has a price and everything is negotiable. I should have thought that the -10 points could be swallowed if there were a significant price reduction. It looks like a Mexican standoff. Link to comment Share on other sites More sharing options...
OldNick Posted 26 June, 2009 Share Posted 26 June, 2009 i agree and i cannot see any group wanting the club if we are going to start with a -25 points ,but it would be at a much reduced price.Obviously not at 14m or even 10m Link to comment Share on other sites More sharing options...
Navysaint Posted 26 June, 2009 Share Posted 26 June, 2009 I presume the administrator can't sell any season tickets because of the no licence or is it the golden share? Link to comment Share on other sites More sharing options...
OldNick Posted 26 June, 2009 Share Posted 26 June, 2009 I'm trying to get my head around what Pinnacle has been up to. Surely Mark Fry would have found out who were behind the bid and found it acceptable. What has been going on the last week has been a stalling operation from TL, since it must have been absolutely clear to him that FL was not going to change their mind. Did he lose the money man? And has spent this week unsuccessfully seeking a replacement? Because nobody but the desperate would have put up Michael Fialka as the man behind the bid. It only took a few second to Google him and find him wanting. The deal is now dead, but what on earth has been going on?that is something I couldnt fathom , I mentioned that last night. TL and co would have known the sleuths would be checking straight away, so why wheel him out? Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 26 June, 2009 Share Posted 26 June, 2009 but it would be at a much reduced price.Obviously not at 14m or even 10m Who is to say we definately won't come out without a CVA ??? Especially if the creditors are happy ?? Hold on... how do these CVA thingy's work ?? Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 26 June, 2009 Share Posted 26 June, 2009 I presume the administrator can't sell any season tickets because of the no licence or is it the golden share? We don't know if we have a club yet, ST money will be ploughed straight into club funding (wages) and so if the club then goes under would be lost. Link to comment Share on other sites More sharing options...
trousers Posted 26 June, 2009 Share Posted 26 June, 2009 The deal is now dead, but what on earth has been going on? Perhaps he's been trying to convince the Swiss and/or Jackson's consortium to buy him out of pole position? (i.e. by selling them access to the 'intellectual property' Pinnacle accumulated during their 3 week exclusivity period?) Just a guess. Probably wide of the mark Link to comment Share on other sites More sharing options...
Flyer Posted 26 June, 2009 Share Posted 26 June, 2009 Hold on... how do these CVA thingy's work ?? 75% of the creditors need to agree that football debts will be 100% paid 1st. The tax man will never vote yes so if 25% of the debt or more is to the tax man, its another -15 unless 100% of the debt is paid off. Rumours are going round that Lallana is going to QPR, the friendly at LR was part of the deal and thats why Parma were turned down for Saints. Link to comment Share on other sites More sharing options...
trousers Posted 26 June, 2009 Share Posted 26 June, 2009 that is something I couldnt fathom , I mentioned that last night. TL and co would have known the sleuths would be checking straight away, so why wheel him out? Smokescreen? Link to comment Share on other sites More sharing options...
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