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The biggest chump in all this is Fry. Either he didn't appreciate the FL's stance over points and possible extra points deductions when selling the club, or he didn't check Pinnacles backers closely enough.

Rest assured he'll be paid though!

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No they haven't you f*cking plank.

 

I am sure you will find they want the right to appeal against further point deductions, already passed the proof of funds stage, if aware of a ten point deduction would you proceed knowing it could, if they wanted it to be, a 25 point reduction ?

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I am sure you will find they want the right to appeal against further point deductions, already passed the proof of funds stage, if aware of a ten point deduction would you proceed knowing it could, if they wanted it to be, a 25 point reduction ?

 

 

Again, any consortium with half a brain would have planned for this eventuality.

 

Or have the legal mega brains helping out Lynam and co not bothered to study the cases of Rotherham, Luton or Leeds?

 

Coming out and wailing "well, we can't believe the cheek of it" after months of planning just makes them look ridiculous.

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I am sure you will find they want the right to appeal against further point deductions, already passed the proof of funds stage, if aware of a ten point deduction would you proceed knowing it could, if they wanted it to be, a 25 point reduction ?

 

Again how many clubs have won any appeal?

Sorry its all smoke and mirrors and hiding the true fact they don't have the dosh anymore...or if ever.

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The biggest chump in all this is Fry. Either he didn't appreciate the FL's stance over points and possible extra points deductions when selling the club, or he didn't check Pinnacles backers closely enough.

Rest assured he'll be paid though!

 

Well i certainly believe Fry has engineered a situation that has now got to a shambolic level. Its almost comical to think that non disclosure agreements have been signed by begbies or any buyer.

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I am sure you will find they want the right to appeal against further point deductions, already passed the proof of funds stage, if aware of a ten point deduction would you proceed knowing it could, if they wanted it to be, a 25 point reduction ?

 

Why do all these points deuctions matter so much if they've stacks of cash and a 5 year plan? So we stay in League 1 a season longer to absorb the 25 minus.

I mean with money we could get 80 points or so and just stay up and then move up a gear in 2010/11. I can't see the overiding importance of any points deduction in a medium term plan.To me it's just all horsecrap to get out of something they've talked their way into.

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I dont understand why people think pinnacle need an excuse to pull out, do you seriously think they would waste more time (which is money to these guys) if they didnt think they could do the deal?[/quote

 

Trying to justify all the hype they brought with them and realisation they have been duped and trying to save face?

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I dont understand why people think pinnacle need an excuse to pull out, do you seriously think they would waste more time (which is money to these guys) if they didnt think they could do the deal?

 

I started a thread, locked by Arizona :rolleyes: , asking the question of what MF has to gain from concocting an elaborate hoax. It just doesn't add up and i can think of no explanation.

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I've not been privy to the actual mandate invoked with regards the company set-up behind the initial proposal, or indeed if the set-up behind the initial proposal has been refined in any manner since, so I would not wish to comment on it.

 

I will point Tony toward this thread to see if he has time to reply in due course with regards the question.

 

Cheers for that.

 

I think at least knowing the 'modus operandi' of the "consortium" of which Mickey Fialka is a member and/or conduit will help immensely with the understanding levels.

 

Thanks

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Tony is heading towards his 3rd meeting this evening as we speak. I can't enlighten you as to the probability of the outcome of this meeting or/any other meeting over the next couple of days but suffice to say all relevent parties are still actively seeking a solution to the outstanding issues, which are technical issues, not financial.

 

Are these meetings this evening including the Football League, or are they just between Pinnacle, Begbies and the lawyers?

 

cheers again

Edited by trousers
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Cheers for that.

 

I think at least knowing the 'modus operandi' of the "consortium" of which Mickey Fialka is a member and/or conduit will help immensely with the understanding levels.

 

Thanks

 

What consortium would that be then? Is it not one (1)obscenely rich,publicity shy individual any more then. TL assured me via this very forum that they had 10 times the money required available....was he just bullcrapping me then?:smt093

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No they haven't you f*cking plank.

 

It's looking more and more like Pinnacle have been posturing over the ten points because they don't actually have the funds to complete the deal.

 

Before it all kicked off there was a general consensus that we didn't like it but we were lumbered with the ten points, and any consortium with their eyes open knew they were buying a club ten points down.

 

They've had more than eighty days to get used to that fact.

 

Instead of namecalling........prove the above, until then, it is rumour.....but don't let that stop you posting your cr*p.

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I am sure you will find they want the right to appeal against further point deductions, already passed the proof of funds stage, if aware of a ten point deduction would you proceed knowing it could, if they wanted it to be, a 25 point reduction ?

 

At the end of the day if they really really REALLY wanted to buy SOUTHAMPTON FOOTBALL CLUB then they they would buy it with -10 -15 or -25.

They had a 5 year plan not a 2 year plan.

What i would like now is a statement from MLT.

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I started a thread, locked by Arizona :rolleyes: , asking the question of what MF has to gain from concocting an elaborate hoax. It just doesn't add up and i can think of no explanation.

 

he is acting as a player agent and a million spent to get all our 'quality' players is good business???

 

Nah, 'corse not, but a good conspiracy never hurt anyone...

 

...oh.

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Why do all these points deuctions matter so much if they've stacks of cash and a 5 year plan? So we stay in League 1 a season longer to absorb the 25 minus.

I mean with money we could get 80 points or so and just stay up and then move up a gear in 2010/11. I can't see the overiding importance of any points deduction in a medium term plan.To me it's just all horsecrap to get out of something they've talked their way into.

 

They've already stated...it will be run as a buisness.....they're hardly likely to be chucking countless Millions at the club. Only those deluded fans from cloudcookcoo will think that.

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I dont understand why people think pinnacle need an excuse to pull out, do you seriously think they would waste more time (which is money to these guys) if they didnt think they could do the deal?[/quote

 

Trying to justify all the hype they brought with them and realisation they have been duped and trying to save face?[/quote]

 

Yeh right!!!!!!!!!!!!!!!:rolleyes:

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Tony is heading towards his 3rd meeting this evening as we speak. I can't enlighten you as to the probability of the outcome of this meeting or/any other meeting over the next couple of days but suffice to say all relevent parties are still actively seeking a solution to the outstanding issues, which are technical issues, not financial.

 

technical issues like which sofa granny lost that 50p piece down the back of 3 hannukahs ago?

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he is acting as a player agent and a million spent to get all our 'quality' players is good business???

 

Nah, 'corse not, but a good conspiracy never hurt anyone...

 

...oh.

 

Well if he's a hoax as many think then there must be an explanation. The more i think about it the less him being a hoax adds up and the more i'm inclined to think he could be the front for some wealthy people.:confused:

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Why do all these points deuctions matter so much if they've stacks of cash and a 5 year plan? So we stay in League 1 a season longer to absorb the 25 minus.

I mean with money we could get 80 points or so and just stay up and then move up a gear in 2010/11. I can't see the overiding importance of any points deduction in a medium term plan.To me it's just all horsecrap to get out of something they've talked their way into.

 

 

10 points - Maybe

 

25 points - No way. that's relegation even if you have money. You could never attract good players to a club 25 points down. Not even with Kevin Keegan.

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I cant understand why I feel this way but I have a feeling there still may be a twist in this sorry tale.

 

I don't think there is a true Saints fans that doesn't want Pinnacle to be the real Mccoy and complete, however many of us have lost belief and faith in the last week.

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Well if he's a hoax as many think then there must be an explanation. The more i think about it the less him being a hoax adds up and the more i'm inclined to think he could be the front for some wealthy people.:confused:

 

Thank Flick.....for a moment I thought you had turned and got into bed with the yoof on here

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No they haven't you f*cking plank.

 

It's looking more and more like Pinnacle have been posturing over the ten points because they don't actually have the funds to complete the deal.

 

Before it all kicked off there was a general consensus that we didn't like it but we were lumbered with the ten points, and any consortium with their eyes open knew they were buying a club ten points down.

 

They've had more than eighty days to get used to that fact.

 

Oh FFS it is about the fundamental right to appeal the 10 points and the possibility that the FL are posturing about a CVA.

 

You state the blindingly obvious about the -10 points but miss the subtle details.

 

It never ceases to amaze me about people on this site that all they want to do is sling sh1t at people, that now includes people concerned with the Pinnacle bid. If it had not been for the FL and there posturing because they are frightened about what might happen if the -10 points were challenged then we would be sitting pretty with a new owner. Yes we all knew about the -10 points but what if someone has found a potential flaw in the FL decision? Would another consortium find the same or would they just go blindly into buying the club whatever?

 

Yes we are almost at the last chance saloon but at least we have a chance thanks to a lot of hard work from TL and others, not to mention a lot of money spent so far. If it does not come off and someone else jumps onboard then so be it.

 

I would rather say thank you to TL and others rather than rip the ****** out of their company and attempts to provide me with a football club to follow.

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At the end of the day if they really really REALLY wanted to buy SOUTHAMPTON FOOTBALL CLUB then they they would buy it with -10 -15 or -25.

They had a 5 year plan not a 2 year plan.

What i would like now is a statment from MLT.

 

What I am guessing is that they have a five year plan to get the club back to the prem and then sell it for a handsome profit.

 

The problem is that the Fl are making a 5 year plan highly unlikely especially if they hit us with a -25 and perhaps the investors are not willing to wait that long to get a return and a profit on their investment and will probably suffer a big loss for while.

 

Our only hope is aquiring a buyer who views this as a long term commitment and are willing to even accept a -25 and who are not interested in buying to resale. Long hope I know but maybe the swiss?

Edited by Saint Billy
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Tony is heading towards his 3rd meeting this evening as we speak. I can't enlighten you as to the probability of the outcome of this meeting or/any other meeting over the next couple of days but suffice to say all relevent parties are still actively seeking a solution to the outstanding issues, which are technical issues, not financial.

 

I really hope Pinnacle can make this work. They did not do their public perception any good by trotting out the "money man", but I have to believe that the real money is there somewhere. it would be great to see Tony finally pull this of.

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I think that the only decision that needs to be made now is go ahead or not. The football league will not change their minds. What on earth can they be getting opinions on now!! and anybody who has worked with lawyers will know that certainty is not their

strength so they will not take away the ambiguity if that is what they are looking for

 

soooo regretably it is time to **it or get off the pot and well done for having a go either way guys

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Lets face it now, whatever the reason that Pinnacle haven’t been able to complete the deal. Whether it’s because they really don’t have the cash or it really is some legal issue we don’t know about it. The deal is dead and isn’t going to happen!

 

Surely they could have sorted any deal breaker by now or accepted the league will not change their mind? I really hope I am wrong but it is now one week on from the initial deals supposed due completion. It has now been another very familiar long week of nothing happening, as is the usual for any potential Saints takeover.

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Well if he's a hoax as many think then there must be an explanation. The more i think about it the less him being a hoax adds up and the more i'm inclined to think he could be the front for some wealthy people.:confused:

I cant understand why fairly smart people would roll out somebody who would be quickly rubbished by a few clicks on the internet.That alone doesnt add up and I cant see why as yet Pinnacle are trying to make a smokescreen.

Fry I doubt is amused as he is being to made to look foolish in accepting their bid in the first place.Clapham has not been posting and I do wonder how the trade willl view Fry's performance. I doubt his reputation will be enhanced by a football club under his watch being liquidated for the first time (of our size)

Ego's will be bruised and I hope that may make Fry move his a### and concentrate his mind fully into getting a bid done, no more of his games with sudden appearances of overseas biddes may help. I have for quite some time been worried about his complacency and wished then that he took MJ's bid on the table and at least he could have shook that off early doors by calling their bluff.Just accepting may have seen them either pay up or run a mile (MJ's group had a bid on the table weeks ago and well before Pinnacle. Yes I know all about him, but it would have finished his stuff then) Pinnacle may then have not rushed before having their money people fully on board. Of course the defenders of fry (who is not working for the best for my interests as a fan) would be trying to get the most but we didn't have the time, he no doubt is used to when playing bidder against bidder in normal commerce.

I hope Pinnacle do the business, if not I will jump on the Swiss wagon and then if they do not come up trumps Im with the carpet baggers

Edited by OldNick
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I wish to express my opinion....I cant understand why fairly smart people would roll out somebody who would be quickly rubbished by a few clicks on the internet.That alone doesnt add up and I cant see why as yet Pinnacle are trying to make a smokescreen.

Fry I doubt is amused as he is being to made to look foolish in accepting their bid in the first place.Clapham has not been posting and I do wonder how the trade willl view Fry's performance. I doubt his reputation will be enhanced by a football club under his watch being liquidated for the first time (of our size)

Ego's will be bruised and I hope that may make Fry move his a### and concentrate his mind fully into getting a bid done, no more of his games with sudden appearances of overseas biddes may help. I have for quite some time been worried about his complacency and wished then that he took MJ's bid on the table and at least he could have shook that off early doors by calling their bluff.Just accepting may have seen them either pay up or run a mile (MJ's group had a bid on the table weeks ago and well before Pinnacle. Yes I know all about him, but it would have finished his stuff then) Pinnacle may then have not rushed before having their money people fully on board. Of course the defenders of fry (who is not working for the best for my interests as a fan) would be trying to get the most but we didn't have the time, he no doubt is used to when playing bidder against bidder in normal commerce.

I hope Pinnacle do the business, if not I will jump on the Swiss wagon and then if they do not come up trumps Im with the carpet baggers......Tomorrow I may switch sides again, depending on the moods of other posters.[/quote]

 

I added a few bits for you nick.........be careful of that fence;)

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I wish to express my opinion....I cant understand why fairly smart people would roll out somebody who would be quickly rubbished by a few clicks on the internet.That alone doesnt add up and I cant see why as yet Pinnacle are trying to make a smokescreen.

Fry I doubt is amused as he is being to made to look foolish in accepting their bid in the first place.Clapham has not been posting and I do wonder how the trade willl view Fry's performance. I doubt his reputation will be enhanced by a football club under his watch being liquidated for the first time (of our size)

Ego's will be bruised and I hope that may make Fry move his a### and concentrate his mind fully into getting a bid done, no more of his games with sudden appearances of overseas biddes may help. I have for quite some time been worried about his complacency and wished then that he took MJ's bid on the table and at least he could have shook that off early doors by calling their bluff.Just accepting may have seen them either pay up or run a mile (MJ's group had a bid on the table weeks ago and well before Pinnacle. Yes I know all about him, but it would have finished his stuff then) Pinnacle may then have not rushed before having their money people fully on board. Of course the defenders of fry (who is not working for the best for my interests as a fan) would be trying to get the most but we didn't have the time, he no doubt is used to when playing bidder against bidder in normal commerce.

I hope Pinnacle do the business, if not I will jump on the Swiss wagon and then if they do not come up trumps Im with the carpet baggers......Tomorrow I may switch sides again, depending on the moods of other posters.[/quote]

 

I added a few bits for you nick.........be careful of that fence;)

In future I will have to word my posts carefully for the lack of understanding. I think it was fairly obvious it was my opinion. As for the last bit I think you are out of order. You just being a late comer to these forums would not have seen the abuse i took night after night defending people at the club.From the Devil through to Kelvin. I didnt change my mind under the attacks then, but in the case of Pinnacle Jackson etc I have listened read and tried to get a balance if there has been a fair debate that help change opinion.I of course cannot let you be privvy to PM's as well.

Pinnacle I was sceptical of from early on, I have becone more positive about them in the last 2 days, that may niot be clever but I cant explain why I have a felling that they may just come good.No info to suggest it, but a weird feeling of hope. Probably just hope or I may be pregnant (Im giving MB some ammo here)

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Farmer...you're closer than most to the action....any chance you could ask TL his thoughts in putting forward Mr Fialka to the cameras yesterday?

 

I'm intrigued....seriously.

 

Didn't quite fit the earlier descriptions mentioned did it?

 

Hi Farmer,

 

Grateful if you could clarify this one for me....

 

Are the 'group of rich people' that Mickey Fialka is associated with a contractually bound 'consortium' that have specifically joined together (formally) to jointly bid for Southampton Football Club

 

OR

 

are they an informal group of business associates that the likes of Lynam and Le Tissier would call upon for financing on a case-by-case basis. i.e. they have not contracturally joined together as an official 'consortium' to buy SFC ?

 

I believe you or Tony Lynam could answer that one at a high (not detailed) level, and thus not break any NDAs, to put minds at rest.

 

Thank you

 

Response to the questions above:

 

From Tony Lynam, 9:31pm 26.06.09

 

Spencer

 

Thank you for your e-mail, and I will happily answer the questions posed as I fully appreciate that the continued uncertainty causes nothing but concern, least of all for the staff and players at the Club, and of course to the fans.

 

Firstly I want to address the wholly inaccurate portrayal of Michael Fialka. I have been in meetings back to back today, and therefore have not been privy to any additional media or press coverage, though my understanding from the BBC is that they had properly researched Michaels credentials, and were going to ensure that an accurate description was put in the public domain. This mornings "sensational" headlines were quite astonishing, and you can imagine my shock and surprise at what was said about Michael. This created an incredibly embarrassing position to explain - and Michael and the Administrator have spoken of their shock about this. Michael spoke with a senior member of staff at the Daily Echo and I understand that he made his position clear, including some true facts and not speculation.

 

In making his name known yesterday, of his own choosing, Michael clearly hoped that this would help strengthen his position and the on-going discussions with the League, who obviously had his name as part of the fit and proper persons test procedures. What was subsequently (incorrectly and ill informed) said done damage to the hopes and desire of both the consortium/administrator in completing the deal, and added to the very real worries of the staff. The BBC will, or have, put the actual true position across to repair that damage. And I am pleased to say that despite this embarrassing episode, Michael and his colleagues remain determined to completing the deal that everyone wants signed.

 

For the avoidance of any doubt, Michael and his colleagues chose NOT to seek publicity - they don't need it, and for this reason, their identity was specifically kept confidential at their request. The sticking point (obstacle) with the League led them to decide it was time to speak out. So for anyone who has any doubts, if he wished to be involved with this transaction for any other reason than buying the Club, he would have sought to attract the limelight for the past 2 months. It is plain to see that this is simply not the case.

 

In direct answer to your question, there is a formal relationship between Michael and his colleagues for the purchase, funding and development of Southampton Football Club, which they remain committed to achieving. Let me also make clear that Michael will be the legal owner of the Club, and thus be responsible for the financial arrangements and commitments being made.

 

Without jeopardising a signed confidentiality agreement with my client (the "Consortium"), Michael has committed to the purchase of the Club and only yesterday publicly stated that there will be funds available to rebuild the Club, and the prospects of pushing for promotion in the long term to try regain stability on and off the pitch. The Administrator today also confirmed that the issue causing delay in completing the purchase is an issue which only came to light very late in the day with the Football League, an issue which we had no prior notification of.

 

Finally, on a personal note, I can only apologise to everyone concerned that despite relentless effort to resolve this issue, the situation is still on-going, thus putting the considerable time, money and effort that has already been spent by a number of people at risk. I remain instructed to continue to work at resolving the problem, and whilst continued uncertainty does not ease concern, continued commitment by our clients/legal representatives should demonstrate the passion and belief that this is something that can be overcome. I assume that any other interested party will be having the same issues facing them, and I therefore dearly hope that this deal can be completed as quickly as possible, for the fans, the staff and for the Club itself.

 

Best wishes

Tony Lynam

Edited by The Farmer
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10 points - Maybe

 

25 points - No way. that's relegation even if you have money. You could never attract good players to a club 25 points down. Not even with Kevin Keegan.

 

No way, you say? There is one manager, one very capable manager if offered the funds and support that is more than capable of overturning even a minus 25 point deficit. I personally believe he is the only one currently available who could do that job. His name is DENNIS WISE, a Saint who wanted the job, who's gained much experience since then and would be the man to take us forward.

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Spence can you ask Tony Lynam to tell us who paid the £500K for the exclusivity period please. Some are saying it was Leon Crouch, others that it was Tony himself. Clarification would be appreciated and failure to clarify this will only lead to the assumption that something isn't cosher (pardon the pun).

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whats to say Tony another issue and another issue keeps raising its head . Its beyond belief that this cannot be resolved or the money put on hold in a deposit account for all to see sublject to these issues being sorted out . The FL will not back down , if survival of the club means -10 points then every fan on here i would imagine would say lets get on with rebuilding this great club , If the document is illegal that the fl want signing , why not sign it and sue them afterwards . If it is truly illegal Law is Law and you will have no problem pursuing them for this illegal document .

Many Thanks And Good Luck

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Nice response Tony - but is the Football League going to stand down?

 

I don't think so - so where does that leave the bid?

 

How long can this go on?

 

Someone may bite the bullet and just buy the club on the FL's terms - is that something you want?

 

The bully boys at the FL are out to get us...how can you deal with that? Whilst you have signed a NDA - surely it's time to go public and get the support of the rest of the footballing world? Or do you think they won't support your stand? The previous regime didn't set the club up in this way - weren't they instructed to by the FL when we went public? So the rules are changing daily - if we have them by the short and curlies - our club deserves a fair hearing in court!

 

Get it sorted before there is no club - there will be no coming back!

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Response to the questions above:

 

From Tony Lynam, 9:31pm 26.06.09

 

......I therefore dearly hope that this deal can be completed as quickly as possible, for the fans, the staff and for the Club itself.

 

Best wishes

Tony Lynam

A breathtaking pile of sh !t from a bullsh !tting chancer and his London based dreamers. What a bunch of time wasting w@ nkers

 

And Spence, how can you call yourself a Saints fan and post this sh !t....

 

Tony, you're as joke, mate. Do the decent thing and get on the first ferry to Cork....

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Well it seems to me that they are still genuinely trying to get the deal done. I for one have appreciated the updates - better that the mushroom culture that has been pursued by previous boards. I hope they do it - from personal experience I know how frustrating it can be to purchase a business and that gremlins do creep out of the woodwork at the 11th hour irrespective of how much due dilligence is carried out.

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though my understanding from the BBC is that they had properly researched Michaels credentials, and were going to ensure that an accurate description was put in the public domain (quote)

 

I certainly hope they do but so far have not seen any...has anyone a link to this?

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If the document is illegal that the fl want signing , why not sign it and sue them afterwards . If it is truly illegal Law is Law and you will have no problem pursuing them for this illegal document .

 

these may seem simplistic to the theorists on here but to my mind this is the bottom line. It is now "out there" that the FL have Pinnacle over a barrell and are basically blackmailing them. As you point out the law is the law and they CANNOT do that, no matter how high and mighty they think they are !

 

There is not a court in the land who would not uphold Pinnacle's argument that they were forced to sign an illegal document in order to purchase Southampton FC and most of all to give them the licence to play in the league this coming season.

 

Time is running out Tony !!

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A breathtaking pile of sh !t from a bullsh !tting chancer and his London based dreamers. What a bunch of time wasting w@ nkers

 

And Spence, how can you call yourself a Saints fan and post this sh !t....

 

Tony, you're as joke, mate. Do the decent thing and get on the first ferry to Cork....

GM, how can you call yourself a Saints fan and post thgis pile of **** and then immediately log off. Hopefully TL will not read your drivel and will try to conclude a deal, because the alternative as any sane person realises is oblivion.

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