thorpie the sinner Posted 1 July, 2009 Share Posted 1 July, 2009 we are hoping its today, so probably No! Link to comment Share on other sites More sharing options...
Wes Tender Posted 1 July, 2009 Share Posted 1 July, 2009 Could somebody, please, let me know what the foundation is for Salz's name to keep cropping up. He seems very absent from where I am standing. If you Google Salz's name, you will have chapter and verse on him as arguably the biggest name in legal circles as a corporate lawyer specialising in takeovers of blue chip companies in recent times. He is well respected in legal circles, a heavyweight in that sphere and as such, somebody who would add a great deal of gravitas to the club if he were to become our chairman, especially now that he is semi-retired. Indeed, most blue chip companies would be happy to have somebody of his calibre on their letterheads on their list of directors. As such, he has contacts amongst people of influence in business circles not only in this country, but further afield. He has been a Saints fan for umpteen years and I believe that he is a friend of people like Gavin Davies. Although his career has left him comfortably of, my understanding is that he does not have enough wealth to invest in the club himself, although if somebody who did was looking for a top drawer chairman, Salz would fit the bill admirably. It is from that perspective that his name is connected with the club. Link to comment Share on other sites More sharing options...
Clifford Nelson Posted 1 July, 2009 Share Posted 1 July, 2009 A very good mutual friend met him in London on Monday afternoon. Was told that a positive announcement was imminent and that Salz had had a hand in things. No reason for the friend to BS me- a household name in his own field and not a Saints fan i.e. no reason to see an empty glass brimming full. Even with the collapse of the Pinnacle bid-and Salz's public announcements suggest he knew nothing of it- part of me remained pretty confident yest (though obviously shocked). Dont want to push - just let professionals get on with it. Thanks Shurlock, that seems to be possibly the same arrangements as when Salz was meeting Crouch, i.e. that he was helping out with contacts, not with personal involvement in a bid. Link to comment Share on other sites More sharing options...
sad saints fan Posted 1 July, 2009 Share Posted 1 July, 2009 So are we expecting to hear something today? no it will be friday(i suppose) Link to comment Share on other sites More sharing options...
Wes Tender Posted 1 July, 2009 Share Posted 1 July, 2009 Love to think that Man U are still bitter. http://www.manchesterunited-mad.co.uk/news/loadnews.asp? We did something right back then and 'if' we can be saved there is no bigger incentive but to get back where we belong. What were the disgraceful events of May 2005 that he alluded too? Link to comment Share on other sites More sharing options...
sussexsaint Posted 1 July, 2009 Share Posted 1 July, 2009 It would be nice to have ANY sort of offical update - not even anything of any great substance but after the let down of yesterday , just a 1 liner from Fry confirming that he had indeed been working late into the night to finalise details with 1 or 2 serious consortia - otherwise all we have to go on is the Daily 'Paul Allen is buying our club' Echo Link to comment Share on other sites More sharing options...
treggs23 Posted 1 July, 2009 Share Posted 1 July, 2009 What were the disgraceful events of May 2005 that he alluded too? I presume it's that fan who got hospitalised down here the day we got relegated (from the prem) Link to comment Share on other sites More sharing options...
Artavash Posted 1 July, 2009 Share Posted 1 July, 2009 Love to think that Man U are still bitter. http://www.manchesterunited-mad.co.uk/news/loadnews.asp? We did something right back then and 'if' we can be saved there is no bigger incentive but to get back where we belong. Thanks for that - gave me my best laugh for the last 2 days!! And you're right - we should be back there p'ing them off again. [-o Cheers Link to comment Share on other sites More sharing options...
Wes Tender Posted 1 July, 2009 Share Posted 1 July, 2009 I presume it's that fan who got hospitalised down here the day we got relegated (from the prem) What a bloody drama queen! So presumably, every ManUre plastic in the World is a model of propriety and totally incapable of physical violence. Hypocrite! Link to comment Share on other sites More sharing options...
SW11_Saint Posted 1 July, 2009 Share Posted 1 July, 2009 I am still pretty hopeful things will be sorted out with a positive outcome this week. I think the Pinnacle group were very keen, gained a great deal of credibility due to MLT - to give both a good positive PR start and a football input, and Crouch with experience of the club. I believe they agreed quite quickly to the price Fry offered. I think Fry started having doubts when they were not close to completing as the exclusivity deal ran out. Fry already, and local press, started making more positive soundings about the Swiss rather than Pinnacle. I suspect the Swiss saw their financial priorities to pay off debts and to invest into the future - not pay a big price for the club. Often businesses elsewhere in administration are bought for a very small amount. I understand the Swiss were talking with Fry late into the night and their deal is a simpler, more formal structure - very easy and quick for them to go ahead should they reach agreement. There is another party, from a tax free existence, not as advanced. I don't know that it will all be alright, but there are definitely interested parties and a seller desperate to sell - that usually means there will be a sale agreed! Let's hope that's the case Nick. Couldn't stand another night like last night - didn't get to sleep until gone 4am (and not because of the heat). Praying for a quick resolution. Come on the Swiss... Link to comment Share on other sites More sharing options...
SW11_Saint Posted 1 July, 2009 Share Posted 1 July, 2009 no it will be friday(i suppose) When is the final final deadline? The league must have a date by which they are sure we can fulfil our fixtures or else they are duty bound to exclude us - we also need a manager, coaching staff, and team in place! First game in early August... gulp. Link to comment Share on other sites More sharing options...
OldNick Posted 1 July, 2009 Share Posted 1 July, 2009 Any idea who and when is likely to reveal the answer to that one Phil? Or are we never likely to know? cheers. That's the very question I've been asking for days, weeks, months....what have the CURRENT directors of SFC Ltd been doing this last 3 months and how much have they been paid for doing it?Hey trousers remember when we put up conspiacy theories on the same day? Spooky eh Link to comment Share on other sites More sharing options...
dellboypete Posted 1 July, 2009 Share Posted 1 July, 2009 When is the final final deadline? The league must have a date by which they are sure we can fulfil our fixtures or else they are duty bound to exclude us - we also need a manager, coaching staff, and team in place! First game in early August... gulp. Had a mail from a northern mate about Stockport C. they have a creditors meeting this friday and if they (ie the Inland rev) doesn't agree on the CVA they get a bonus of -15 pts to start next season: http://www.bbc.co.uk/dna/606/A53865624 as mentioned, presumably there must be some deadline by which the FL will want to know that we are a going concern (off the pitch at least) Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 1 July, 2009 Share Posted 1 July, 2009 Had a mail from a northern mate about Stockport C. they have a creditors meeting this friday and if they (ie the Inland rev) doesn't agree on the CVA they get a bonus of -15 pts to start next season: http://www.bbc.co.uk/dna/606/A53865624 as mentioned, presumably there must be some deadline by which the FL will want to know that we are a going concern (off the pitch at least) Going? I think we've nearly gone. Link to comment Share on other sites More sharing options...
SFKA South Woodford Posted 1 July, 2009 Share Posted 1 July, 2009 Wouldn't Lowe be shouting 'foul play' from the roof tops if he'd been 'stitched up' though....? Unless....nah, can't even bring myself to write the 'unless' part....far too far fetched even for a conspiracy theorist of my caliber... He did say that things had happened behind the scenes, but wahat credibility does he have, no one would believe him even if he had proof, there would be people claiming that he has made it all up. Lets not forget, he is the Anti Christ to a lot of Saints fans. In response to Phil's conspiracy theory, i've been wondering whether Fialka could be the Spurs fan with the rabid hatred of Saints that used to post on Saintsforever. Link to comment Share on other sites More sharing options...
Clifford Nelson Posted 1 July, 2009 Share Posted 1 July, 2009 It would be nice to have ANY sort of offical update - not even anything of any great substance but after the let down of yesterday , just a 1 liner from Fry confirming that he had indeed been working late into the night to finalise details with 1 or 2 serious consortia - otherwise all we have to go on is the Daily 'Paul Allen is buying our club' Echo The Echo reports what people are telling them. In the case of Paul Allen it was the belief of the directors, some of which kept believing for many months. I find the Echo being quite accurate in their reporting provided I'm alert to the sources they refer to. I certainly have no sense of things being dreamt up in the news room. Link to comment Share on other sites More sharing options...
mel1961red Posted 1 July, 2009 Share Posted 1 July, 2009 So if we do get take over by Friday does any one think we will get a further - 15 point deduction or not that now seems to be the argument why Pinnicle pulled out along with other things Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 1 July, 2009 Share Posted 1 July, 2009 Stupid me!! I actually thought with talks continuing late into the night, we may have heard something this morning. Link to comment Share on other sites More sharing options...
jasoneuelllfanclub Posted 1 July, 2009 Share Posted 1 July, 2009 the echo paper has quoted the FL in stating that points was not the issue it was due to question marks over the financial people involved. pinnacle say that they were prepared to accpet 10 points deduction so there is no suggestion further deductions were on the cards. the echo says in saints case CVA does not apply. the only story about further points deducton comes from this forum. i have not heard or read from anywhere else that we are in danger of this happening to us. so until a quote from official parties involved appears why are we continuing to speculate over this?????? Link to comment Share on other sites More sharing options...
Foxy Posted 1 July, 2009 Share Posted 1 July, 2009 Stupid me!! I actually thought with talks continuing late into the night, we may have heard something this morning. Naah, they'll be having a lie in after putting in a late one Link to comment Share on other sites More sharing options...
mel1961red Posted 1 July, 2009 Share Posted 1 July, 2009 I read somewhere and Im sure it was not on this forum that because the wages were not paid last week that another 15 points could be deducted ?? Link to comment Share on other sites More sharing options...
chrisobee Posted 1 July, 2009 Share Posted 1 July, 2009 What a bloody drama queen! So presumably, every ManUre plastic in the World is a model of propriety and totally incapable of physical violence. Hypocrite! Gosh, when I think back to 1976 and seeing dozens of Man U fans kicking one poor copper half to death, others in with the Saints fans including several who picked on my brother who was only 15 and countless other incidents then as much as I regret anyone getting hurt there is no comparison. Then to make it worse at least one of the tabloids reported along the lines "Never mind the result, it was nice the day went off so peacefully!" 33 years and I haven't forgotten but would only mention it in response to rubbish like that. Hypocrite indeed ! Link to comment Share on other sites More sharing options...
Wes Tender Posted 1 July, 2009 Share Posted 1 July, 2009 Whenever I hear ManUre fans whingeing about their defeats against smaller clubs, there is no finer example than this mauling they got from York. Wouldn't it be nice if we could do that to them from the third division this season? http://www.yorkcityfc.com/history/manua.php Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 1 July, 2009 Share Posted 1 July, 2009 ****, I have just realised the Swiss won't be able to complete for at least an hour and a half, they will be watching the Fed Express!!! Link to comment Share on other sites More sharing options...
Gingeletiss Posted 1 July, 2009 Share Posted 1 July, 2009 Wotte to stay on as manager....SSN now. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 1 July, 2009 Share Posted 1 July, 2009 the echo paper has quoted the FL in stating that points was not the issue it was due to question marks over the financial people involved. pinnacle say that they were prepared to accpet 10 points deduction so there is no suggestion further deductions were on the cards. the echo says in saints case CVA does not apply. the only story about further points deducton comes from this forum. i have not heard or read from anywhere else that we are in danger of this happening to us. so until a quote from official parties involved appears why are we continuing to speculate over this?????? How do they make that out ?????? That would mean that the FL accept that SFC is SEPARATE from Leisure Holdings ....... ..... and as far as I was aware, the FL have always said that the two were intrinsically linked ..... thus REQUIRING a CVA ????????? SO WHO IS RIGHT ??? Link to comment Share on other sites More sharing options...
Clifford Nelson Posted 1 July, 2009 Share Posted 1 July, 2009 I read somewhere and Im sure it was not on this forum that because the wages were not paid last week that another 15 points could be deducted ?? All the talk about wild deduction of points has got nothing to do with anything apart from our panic stricken minds. Pinnacle didn't complete because they didn't have the money. Whether the whole thing was a hoax or just very badly handled we will probably never find out. (Michael Fialka is still claiming he has got money - see the Echo, so no chance of getting at the truth from him or his oppo Lynam.) The issues regarding additional points deductions only have to do with a CVA, a Creditors Voluntary Agreement with the new owners that they accept whatever deal has been put to them. Since the football club isn't in administration a CVA can never arise. If I understand the FL they have never said that that is the case, but that the relationship between the plc and the football club was such so that it made no material difference. Southampton Leisure Holdings were bust, and since they had the money, the club couldn't carry on. I think it would be very difficult to argue with that. Link to comment Share on other sites More sharing options...
sussexsaint Posted 1 July, 2009 Share Posted 1 July, 2009 Wotte to stay on as manager....SSN now. did they say for how long - presumably extended his contract by a month I would have thought? Link to comment Share on other sites More sharing options...
DT Posted 1 July, 2009 Share Posted 1 July, 2009 Really confused now. Thought he'd gone to some Egyptian outfit. Maybe he'll go in goal for us. Link to comment Share on other sites More sharing options...
Give it to Ron Posted 1 July, 2009 Share Posted 1 July, 2009 Really confused now. Thought he'd gone to some Egyptian outfit. Maybe he'll go in goal for us. There was a post on a website that said there were some members of the Egyptian board not happy. There was a naughty slur about acting like an agent...looked rather libelous to me! Link to comment Share on other sites More sharing options...
The Godfather Posted 1 July, 2009 Share Posted 1 July, 2009 It makes logical sense to keep him as manager due to the short time left before the start of the season, especially with squad of players which for a good part of pre-season will be the younger players we have left under contract. Although this could change if a takeover is close or even has the blessing of the potential new owners. Link to comment Share on other sites More sharing options...
sussexsaint Posted 1 July, 2009 Share Posted 1 July, 2009 Presumably we needed someone to take training until we liquidate on Friday Link to comment Share on other sites More sharing options...
once_bitterne Posted 1 July, 2009 Share Posted 1 July, 2009 Presumably we needed someone to take training until we liquidate on Friday If Fry was planning to liqudate the club on Fri he would hardly bother giving Wotte a new contract would he. We would be looking to get rid of an many staff as possible asap. I don't see how anyone could think this news is anything other than a positive indication that the club will be in existance come the start of the season. Link to comment Share on other sites More sharing options...
Ken Tone Posted 1 July, 2009 Share Posted 1 July, 2009 So if we do get take over by Friday does any one think we will get a further - 15 point deduction or not that now seems to be the argument why Pinnicle pulled out along with other things No. This mythical 15 points has never been an issue up to now, and shouldn't be if the swiss complete soon. K. Link to comment Share on other sites More sharing options...
Eyes k8 Posted 1 July, 2009 Share Posted 1 July, 2009 How do they make that out ?????? That would mean that the FL accept that SFC is SEPARATE from Leisure Holdings ....... ..... and as far as I was aware, the FL have always said that the two were intrinsically linked ..... thus REQUIRING a CVA ????????? SO WHO IS RIGHT ??? I think the echo is misinterpreting the FL statement. If you just look at what is in actual quotes the FL are saying the issue was the waiver in regard to sporting sactions. This would cover both the 10 points, the CVA and some other issues like showing the auditor the door. Pinnacle are saying other issues by which they probably mean further penalties on top of the 10. Other issues to The FL might mean not paying the players on time, transfers etc. I think the FL post is somewhat disengenuous. Link to comment Share on other sites More sharing options...
South City Si Posted 1 July, 2009 Share Posted 1 July, 2009 If Fry was planning to liqudate the club on Fri he would hardly bother giving Wotte a new contract would he. We would be looking to get rid of an many staff as possible asap. I don't see how anyone could think this news is anything other than a positive indication that the club will be in existance come the start of the season. Fry is not in charge of football matters. He is charge of SLH, not SFC. Link to comment Share on other sites More sharing options...
JustMike Posted 1 July, 2009 Share Posted 1 July, 2009 If Fry was planning to liqudate the club on Fri he would hardly bother giving Wotte a new contract would he. We would be looking to get rid of an many staff as possible asap. I don't see how anyone could think this news is anything other than a positive indication that the club will be in existance come the start of the season. he hasnt got a new contract, he moved back to his previous role but has agreed to oversee 1st team matters until this all gets resolved Link to comment Share on other sites More sharing options...
saints-til-i-die Posted 1 July, 2009 Share Posted 1 July, 2009 Just proves how people mis-read things and start making comments. If you actually read the story is does indeed say he HASN'T been offered a contract! I wish people would just take the time to read things carefully! haha Link to comment Share on other sites More sharing options...
Chez Posted 1 July, 2009 Share Posted 1 July, 2009 Presumably we needed someone to take training until we liquidate on Friday won't it be SLH that is liquidated? Won't liquidation mean that all the individual elements on the balance sheet will be sold off seperately, the land, the stadium, the training ground, the club...oh wait a minute does that not mean that someone could then buy one or two of the seperate elements and then bobs your unkle you have yourself a football club, perhaps with the need to rent a training ground or a stadium. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 1 July, 2009 Share Posted 1 July, 2009 Just proves how people mis-read things and start making comments. If you actually read the story is does indeed say he HASN'T been offered a contract! I wish people would just take the time to read things carefully! haha Although TBF if you read the OS article, it doesn't particularly seem short term either (backroom staff appointments to be confirmed in due course, continue the work started in January, clearer situation on the footballing side of things and aiming to get the best possible results when the season starts in August). Link to comment Share on other sites More sharing options...
RonManager Posted 1 July, 2009 Share Posted 1 July, 2009 Although TBF if you read the OS article, it doesn't particularly seem short term either (backroom staff appointments to be confirmed in due course, continue the work started in January, clearer situation on the footballing side of things and aiming to get the best possible results when the season starts in August). Bottom line is, IMHO, it's up to the new owners who they want in the hot seat. No ones' asked me yet! Isn't it? You know? Enduring image Marvellous Link to comment Share on other sites More sharing options...
Give it to Ron Posted 1 July, 2009 Share Posted 1 July, 2009 Anyone here confirm hearing this? http://www.clubfanzine.com/southampton/v2.forum.posts.php?id_t=117948#3 Link to comment Share on other sites More sharing options...
Joesaint Posted 1 July, 2009 Share Posted 1 July, 2009 Anyone here confirm hearing this? http://www.clubfanzine.com/southampton/v2.forum.posts.php?id_t=117948#3 Wow lets hope so Link to comment Share on other sites More sharing options...
RonManager Posted 1 July, 2009 Share Posted 1 July, 2009 Yoinks Link to comment Share on other sites More sharing options...
Webby Posted 1 July, 2009 Share Posted 1 July, 2009 Why would anyone be decorating, considering worst case, the club was gonna be liquidated? Link to comment Share on other sites More sharing options...
OldNick Posted 1 July, 2009 Share Posted 1 July, 2009 Anyone here confirm hearing this? http://www.clubfanzine.com/southampton/v2.forum.posts.php?id_t=117948#3 not at present, have tried calling but not getting answers. Link to comment Share on other sites More sharing options...
saints_is_the_south Posted 1 July, 2009 Author Share Posted 1 July, 2009 Anyone here confirm hearing this? http://www.clubfanzine.com/southampton/v2.forum.posts.php?id_t=117948#3 LOL - I was trying to believe it when i read the first post, he ruined it with the bit about his mate preparing the room for a press conference though lol. Link to comment Share on other sites More sharing options...
sussexsaint Posted 1 July, 2009 Share Posted 1 July, 2009 Not again..... Nuuuuurse nuuuurse Link to comment Share on other sites More sharing options...
TheSaint75 Posted 1 July, 2009 Share Posted 1 July, 2009 Why would anyone be decorating, considering worst case, the club was gonna be liquidated? It's like tarting up your house before you sell it!! Link to comment Share on other sites More sharing options...
Master Bates Posted 1 July, 2009 Share Posted 1 July, 2009 Anyone here confirm hearing this? http://www.clubfanzine.com/southampton/v2.forum.posts.php?id_t=117948#3 Yup, someone on 606. http://www.bbc.co.uk/dna/606/A53917671 Link to comment Share on other sites More sharing options...
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