Guided Missile Posted 21 June, 2009 Author Posted 21 June, 2009 (edited) I cannot recall this GM having Wilde sussed ? What did he do apart from go through his company accounts which showed nothing as his main stuff registred in Jersey and Isle Of Man. Did he have Wilde sussed when we where penalty kicks from the play off final ? That's right, carlin, I'm a clueless troll.... My reading of the accounts of Merlion plc, is that it has a high level of borrowing with a resultant high level of interest payments. Most of the profits the company makes, rather than being re-invested in the group, are taken out in the form of dividends for a minority shareholder (presumably Wilde) So, in 2004, out of a profit of about £1.1M, a dividend of over £800K was paid out. Amazingly, in 2003, although a profit of only about £500K was made, over £1M was taken out in a dividend to a minority shareholder. I haven't a clue what Wilde is personally worth, but it seems to have come mainly from bleeding the company he runs. What we are left with is a company, in my opinion, with high gearing, large debts and interest payments of over £500K a year. With the low level of net assets, due, for instance, to the withdrawal of £1.8M in dividends against £1.5M in net profits over the two years, 2003-2004, Merlion seems to be very susceptible to any increase in interest rates and downturn in the property market. How does this affect Saints you may wonder? Well let's imagine Wilde has bled £5M from Merlion over 5 years. He punts a couple of million in Saints shares to satisfy his ego and very poor investment judgement. Interest rates go up a couple of percent, property sales dip and all of a sudden, Merlion can't service the £500K a year in interest to service their debt. The banks look to the shareholders or they will call in the loans and he either has to sell his Saints shares or let Merlion go to the wall. With potential personal guarantees, things are looking grim and the last thing him and people like Patrick Trant, also involved in building, want to do is invest further money in a Championship football club that is going nowhere. I'm not saying this will happen and I am sure Wilde understands the risks of running a company like Merlion plc. I am aslo sure that I would not like him running Southampton Leisure plc in the way he seems to be running Merlion plc. For that reason, if he wins the EGM, I will be selling my shares PDQ and will certainly not be providing any more money in the form of a rights issue. To be fair to Tony Lynam, he could be on the verge of arranging a transfer of £15M on behalf of his client as soon as the Football League let us have our football back. On the other hand, if it all turns out to be a kite flying exercise by an Irish born, Liverpool supporter to make a 5% commission to pay off his Property Company's significant debts, and his time wasting punt causes our club to go to the wall, I wonder whether any of the gormless cheerleaders on this site will still be shaking their pom-poms....? Let's all hope that I'm a clueless troll, shall we? Edited 21 June, 2009 by Guided Missile spelling...
Mole Posted 21 June, 2009 Posted 21 June, 2009 Let's all hope that I'm a clueless troll, shall we? Hope doesn't come into it. You are a clueless troll.
View From The Top Posted 21 June, 2009 Posted 21 June, 2009 I know a f*** sight more than you or any of the other posters believe and have done for a long time. I hope I'm wrong, but something just doesn't add up about Pinnacle. For a deal dreamt up in the Lock, Stock and Barrel, with a Mr. Andy H. supplying the link to MLT, I'm amazed that it has got as far as it has. I know a few millionaires and a couple of billionaires, but not one hangs around in said pub, nor lives in Locks Heath, no disrespect to Locks Heath. Mind you, if you run a flag up a very high flagpole you are bound to get one or two standing to attention, even if they may be total dreamers as well... You really do want it to fall apart don't you. You'll be crowing away about how clever you are and how you had it sussed all along. You're just a sad little no mark and the chances are you've got small co ck syndrome.
chrisobee Posted 21 June, 2009 Posted 21 June, 2009 I know a f*** sight more than you or any of the other posters believe and have done for a long time. I hope I'm wrong, but something just doesn't add up about Pinnacle. Firstly you make a massive assumption that somehow you know far more than any one else then in the next breath you're saying that something doesn't add up about Pinnacle indicating you haven't a clue what this "something" is ? Rather than speaking in riddles I suggest you either enlighten us all as to how you seem to know so much or just stick to what you do know. Otherwise you come across as someone who is seeking attention for the sake of it.
Puddings and Monkeys Posted 21 June, 2009 Posted 21 June, 2009 To be fair to Tony Lynam, he could be on the verge of arranging a transfer of £15M on behalf of his client as soon as the Football League let us have our football back. He is.
thorpie the sinner Posted 21 June, 2009 Posted 21 June, 2009 It is. so its all sorted then? look forward to your next two words lol!!!
SB Posted 21 June, 2009 Posted 21 June, 2009 A chest without hinges key or lid but inside golden treasures are hid. What is the chest and what is the treasure?
Guided Missile Posted 21 June, 2009 Author Posted 21 June, 2009 It is.Monkey screeching...need organ grinder....
aintforever Posted 21 June, 2009 Posted 21 June, 2009 It is odd that a multi million pound deal is being held up by some poxy right to appeal that will not amount to anything.
Window Cleaner Posted 21 June, 2009 Posted 21 June, 2009 A chest without hinges key or lid but inside golden treasures are hid. What is the chest and what is the treasure? Whats'er name err Lucy Pinder
SB Posted 21 June, 2009 Posted 21 June, 2009 Whats'er name err Lucy Pinder Great Answer, but.. An eggshell with an egg inside
Saint Charlie Posted 21 June, 2009 Posted 21 June, 2009 It is odd that a multi million pound deal is being held up by some poxy right to appeal that will not amount to anything. That may not tell the full story. If I were buying SFC I would explore all areas that would be advantageous. Lets just give Tony Lynam a chance to show he can deliver on his promises, which Im sure he can. MLT wouldnt have got involved if the bid wasnt good for the club. Sometimes its as if people want things to fail, or maybe want others to succeed at Pinnacle's expense!
SaintRobbie Posted 21 June, 2009 Posted 21 June, 2009 GM makes a good point. But I have to say that there are a hundred and one reasons more why a backer would wish to remain nameless at this stage. Conspiracy theories have never really flicked my switch, except where Lowe was concerned as they all seemed to end up proven for some reason! This time I am prepared to trust MLT. There must be a serious money backer, otherwise KK would be no where near this proposal. I shall remain optimistic, as the MLT factor traditionally requires, and pour a glass of wine. Looking forward to tomorrow evening.
SaintRobbie Posted 21 June, 2009 Posted 21 June, 2009 It is odd that a multi million pound deal is being held up by some poxy right to appeal that will not amount to anything. Not when the FL are involved and its a Friday.
Weston Saint Posted 21 June, 2009 Posted 21 June, 2009 (edited) I had a call this afternoon asking who Mole & Mr Nice were as their postings were causing some concern . When I told him the only comment he made was :smt046 Nice to know you can make someones day. Thanks to my girls for a great fathers day as well. Edited 21 June, 2009 by Weston Saint spelling
thorpie the sinner Posted 21 June, 2009 Posted 21 June, 2009 I got the Rocky anthology!! I think he must have been a saints fan, the amount of times he got knocked down and got up again!!!!
Mr Nice Posted 21 June, 2009 Posted 21 June, 2009 I had a call this afternoon asking who Mole & Mr Nice were as their postings were causing some concern . When I told him the only comment he made was :smt046 Nice to know you can make someones day. Thanks to my girls for a great fathers day as well. Well im only a Saints fan and im not sure what you are to be honest. You seem to be holding Marc Jacksons candle at the moment. Maybe on behalf of Stuart green as well. Worried your free tickets might dry up ? Glad ive got someone worried anyone especially if they are the photocopier salesman and his cronies.
Weston Saint Posted 21 June, 2009 Posted 21 June, 2009 Well im only a Saints fan and im not sure what you are to be honest. You seem to be holding Marc Jacksons candle at the moment. Maybe on behalf of Stuart green as well. Worried your free tickets might dry up ? Glad ive got someone worried anyone especially if they are the photocopier salesman and his cronies.Not holding his candle. I am in the Pinnacle camp. I do not get free tickets. Ask Derry. I sit with him at games and pay my way.
Mr Nice Posted 21 June, 2009 Posted 21 June, 2009 Someone look at my past posts and two links made i think i must of hit the spot ! Well someone else did on a rather private forum
eelpie Posted 21 June, 2009 Posted 21 June, 2009 Firstly you make a massive assumption that somehow you know far more than any one else then in the next breath you're saying that something doesn't add up about Pinnacle indicating you haven't a clue what this "something" is ? Rather than speaking in riddles I suggest you either enlighten us all as to how you seem to know so much or just stick to what you do know. Otherwise you come across as someone who is seeking attention for the sake of it. I think GM is referring to his small **** syndrome.
4737_carlin Posted 21 June, 2009 Posted 21 June, 2009 GM has a point though. Latest rumour doing the rounds is that Dan Williams is the "money man" That should please GM Oh, it is also rumoured that Dan Williams posts and reads this site. He registered 4 days after we went into Administration! Why would he do that? Can you tell me and maybe other forum users how you know this person registered on this forum ? Slightly concerned by how private details might be being passed around. Who running this forum has access to this information >
Mole Posted 21 June, 2009 Posted 21 June, 2009 I had a call this afternoon asking who Mole & Mr Nice were as their postings were causing some concern . When I told him the only comment he made was :smt046 Nice to know you can make someones day. Thanks to my girls for a great fathers day as well. Glad you had a nice day Ronald. Let's hope this time next week we're all concentrating on our new dawn.
Saint Charlie Posted 21 June, 2009 Posted 21 June, 2009 http://www.thefootballfund.com/ If this has anything to do with Jackson's plans then lets hope it never comes to anything. What a load of crap.
bridge too far Posted 21 June, 2009 Posted 21 June, 2009 If this has anything to do with Jackson's plans then lets hope it never comes to anything. What a load of crap. It's his standard of spelling on that website
Mole Posted 21 June, 2009 Posted 21 June, 2009 It's his standard of spelling on that website I was expecting to scroll down to jacko on the team page. http://www.thefootballfund.com/team.html
Torrent Of Abuse Posted 22 June, 2009 Posted 22 June, 2009 The stakes are much, much higher this time round. We either put our faith in a rich benefactor like the one behind Pinnacle, or we cease to exist nex month probably. Do I really need to remind you that we dont have much choice, and *****ing about it is counter-productive ? Well you can start by reminding me of the moment when the two other potential bidders dropped out. I must have missed that in the flurry of F5 presses. What I do remember is us rushing into a union with Michael Wilde without asking questions of his credentials - and look where that got us. Much as I disliked Rupert Lowe then and now, it might have been better if we had cast more of a critical eye on Wilde and what he had to offer instead of jumping at the prospect of 'anything but Lowe' so we didn't end up making a bad situation even worse. This is, after all, supposed to be a new start as opposed to more of the same rubbish. It seems strange that you were (rightly or wrongly) very vocal about getting rid of a management team which you thought were not up to the job (regardless of whether that affected the club negatively in the short term) under the understanding that it was better to get the right person in for the long term, yet your opinion is completely different when it comes to getting the right financial backing in. Surely, if the stakes are much higher, then so are the penalties for getting it wrong and the rewards for getting it right? I do understand the need to get the deal done but don't think another Michael Wilde is the answer. So it's best we ask questions now really. As for GM, as he's not conducting the 'fit and proper person' vetting, but rather just asking questions on a fans' forum, I don't see the problem in him raising the point for us to discuss/agree/disagree/ignore. If anyone doesn't agree then I'm sure they are able to disagree without accusing him of being a 'troll' in much the same way that people were able to disagree with your stance on things without thinking the same of you.
alpine_saint Posted 22 June, 2009 Posted 22 June, 2009 Well you can start by reminding me of the moment when the two other potential bidders dropped out. I must have missed that in the flurry of F5 presses. What I do remember is us rushing into a union with Michael Wilde without asking questions of his credentials - and look where that got us. Much as I disliked Rupert Lowe then and now, it might have been better if we had cast more of a critical eye on Wilde and what he had to offer instead of jumping at the prospect of 'anything but Lowe' so we didn't end up making a bad situation even worse. This is, after all, supposed to be a new start as opposed to more of the same rubbish. It seems strange that you were (rightly or wrongly) very vocal about getting rid of a management team which you thought were not up to the job (regardless of whether that affected the club negatively in the short term) under the understanding that it was better to get the right person in for the long term, yet your opinion is completely different when it comes to getting the right financial backing in. Surely, if the stakes are much higher, then so are the penalties for getting it wrong and the rewards for getting it right? I do understand the need to get the deal done but don't think another Michael Wilde is the answer. So it's best we ask questions now really. As for GM, as he's not conducting the 'fit and proper person' vetting, but rather just asking questions on a fans' forum, I don't see the problem in him raising the point for us to discuss/agree/disagree/ignore. If anyone doesn't agree then I'm sure they are able to disagree without accusing him of being a 'troll' in much the same way that people were able to disagree with your stance on things without thinking the same of you. He has been posting persistently and negatively about any SFC ownership that hasnt involved Rupert Lowe. Even a stopped clock is right twice a day. I dont accept parallels being drawn to Michael Wilde buying in and eventually taking over. It's b*ll*cks. Pinnacle have convinced the administrator, MLT, and we are led to believe the FL, that they have fit and proper persons with the money behind the bid. Wilde faced NO tests as to his suitability apart from the (flawed) judgement of Mary Corbett, Pat Trant, Leon Crouch and Lawrie Mac, and he certainly didnt show the colour of his money. So, do forgive me if I feel that, when a tin-pot businessman and second-rate chemist doesnt havea good feeling about things and wants to take the opportunity to swing his dong a little bit to demonstrate his self-acclaimed business nous, I dont reckon it amounts to a great deal except self-aggrandisment...
JustMike Posted 22 June, 2009 Posted 22 June, 2009 how did this thread get 5 stars???? its just another troll moaning about..well...nothing that hasnt been moaned about on every thread since this all came to light
70's Mike Posted 22 June, 2009 Posted 22 June, 2009 He has been posting persistently and negatively about any SFC ownership that hasnt involved Rupert Lowe. Even a stopped clock is right twice a day. I dont accept parallels being drawn to Michael Wilde buying in and eventually taking over. It's b*ll*cks. Pinnacle have convinced the administrator, MLT, and we are led to believe the FL, that they have fit and proper persons with the money behind the bid. Wilde faced NO tests as to his suitability apart from the (flawed) judgement of Mary Corbett, Pat Trant, Leon Crouch and Lawrie Mac, and he certainly didnt show the colour of his money. So, do forgive me if I feel that, when a tin-pot businessman and second-rate chemist doesnt havea good feeling about things and wants to take the opportunity to swing his dong a little bit to demonstrate his self-acclaimed business nous, I dont reckon it amounts to a great deal except self-aggrandisment... basically agree with that some people on here are very good at throwing up negatives but rarely have a plan themselves.
thorpie the sinner Posted 22 June, 2009 Posted 22 June, 2009 You never know, the organ grinder may appear today to introduce himself as the new owner!
SaintRobbie Posted 22 June, 2009 Posted 22 June, 2009 You never know, the organ grinder may appear today to introduce himself as the new owner!
Weston Saint Posted 22 June, 2009 Posted 22 June, 2009 Can you tell me and maybe other forum users how you know this person registered on this forum ? Slightly concerned by how private details might be being passed around. Who running this forum has access to this information >Same way as you can pick out someone who has posted before but registers under a new name. It is about style, spelling and grammar and in the case of this poster, time of postings as he is in America. Then you ask other regular posters to look at the postings and form an opinion. Nothing more sinister than that.
ottery st mary Posted 22 June, 2009 Posted 22 June, 2009 Come on fellow posters..GM is just joshing with us.....Surely he is not The Queen of Rupes Majorettes...Leading the Lowe Gormless Cheerleaders...Throwing his Pom Poms all over the place....He is really not the nasty vindictive name calling piece of work that he pretends to be. He may luv Rupert to death but I am sure when the club gets going again he will put Ruperts picture away in the cupboard and forget him...Hopefully... Deep down I know that GM is a Saints fan and his real lUV is The Mighty Saints.. I am sure GM and his crew don't really hate us and God forbid think we are all Proles or Gormless idiots.... Come on GM Show us sum Luv....You ain't so tuff......COYRs.
trousers Posted 22 June, 2009 Posted 22 June, 2009 GM has a point though. Latest rumour doing the rounds is that Dan Williams is the "money man" That should please GM Oh, it is also rumoured that Dan Williams posts and reads this site. He registered 4 days after we went into Administration! Why would he do that? Dainty Dave?
rudi-skacel Posted 22 June, 2009 Posted 22 June, 2009 everything you are all saying at the mo is purely conjecture,none of you know nothing about what is going on behind the scenes,why can't y'all just let the thing run it's course,WHAT WILL BE WILL BE,as long as we have a club to support at the end of this,then surely that is all that matters,seems to me theres to many on here claiming to be in the know when they really know bugger all.
benjii Posted 22 June, 2009 Posted 22 June, 2009 everything you are all saying at the mo is purely conjecture,none of you know nothing about what is going on behind the scenes,why can't y'all just let the thing run it's course,WHAT WILL BE WILL BE,as long as we have a club to support at the end of this,then surely that is all that matters,seems to me theres to many on here claiming to be in the know when they really know bugger all. No way? On here? Other fora maybe, but here....? Never!
sadoldgit Posted 22 June, 2009 Posted 22 June, 2009 Given what happened last time I am very much with GM here. Something doesn;t seem quite right and I would feel a lot more comfortable if we knew who the money man is. Just because MLT is on board doesn't mean that it is kosher. A great many people were taken in by Wilde, would it be so strange for Matt to be taken in by someone? I hope it is all kosher, that the deal will go through today and everything will be wonderful...but I am certainly not going to start waving flags yet.
gordonToo Posted 22 June, 2009 Posted 22 June, 2009 GM has a point though. Latest rumour doing the rounds is that Dan Williams is the "money man" With Help Me Rhonda as his representative on the board?
SW11_Saint Posted 22 June, 2009 Posted 22 June, 2009 Then why did Fry not give them an extension? Why waste time and effort over the weekend by asking others to bid when it was simply a couple of minor issues? Start with how much a week he is charging and work backwards. Technically, for 50 quid more than Pinnacle offered somebody else can now gain a period of exclusivity. Oh and ask Derry why the Swiss were p*ssed off, then google Silverjet administration, then worry I've always wondered why one of the "big boys" (Deloitte, PwC or someone) wasn't appointed. Might be more expensive, but would have got the job done in much more of a professional manner. As we know better than anyone at SMS - 'you pay peanuts...'
ottery st mary Posted 22 June, 2009 Posted 22 June, 2009 Given what happened last time I am very much with GM here. Something doesn;t seem quite right and I would feel a lot more comfortable if we knew who the money man is. Just because MLT is on board doesn't mean that it is kosher. A great many people were taken in by Wilde, would it be so strange for Matt to be taken in by someone? I hope it is all kosher, that the deal will go through today and everything will be wonderful...but I am certainly not going to start waving flags yet. Or Red And White Pom Poms:smt054
SP Saint Posted 22 June, 2009 Posted 22 June, 2009 I agree that it is high time that the Organ Grinder exposes himself and hands over the cash if he can remember where he put it. If this isn't sorted very quickly I imagine Fry will be selling another exclusivity deal to the Swiss so that he can pay this months wages.
ART Posted 23 June, 2009 Posted 23 June, 2009 6 Weeks ago Peter Reid was leading a D.I.C. consortium who were reported interested in buying Everton. I said at the time maybe this is our myster owner and then all went quite. Yesterday it was reported Peter Reid is being lined up as manager. Could it be that D.I.C. are our new owner afterall. That the reason they don't want to be known is that if the Saints deal falls through, they would still be able to have another try for Everton. Or maybe D.I.C. is just using the Saints bid to prepare for their purchase of Everton?
trousers Posted 23 June, 2009 Posted 23 June, 2009 6 Weeks ago Peter Reid was leading a D.I.C. consortium who were reported interested in buying Everton. I said at the time maybe this is our myster owner and then all went quite. Yesterday it was reported Peter Reid is being lined up as manager. Could it be that D.I.C. are our new owner afterall. That the reason they don't want to be known is that if the Saints deal falls through, they would still be able to have another try for Everton. Or maybe D.I.C. is just using the Saints bid to prepare for their purchase of Everton? A bold prediction IMHO
slickmick Posted 23 June, 2009 Posted 23 June, 2009 6 Weeks ago Peter Reid was leading a D.I.C. consortium who were reported interested in buying Everton. I said at the time maybe this is our myster owner and then all went quite. Yesterday it was reported Peter Reid is being lined up as manager. Could it be that D.I.C. are our new owner afterall. That the reason they don't want to be known is that if the Saints deal falls through, they would still be able to have another try for Everton. Or maybe D.I.C. is just using the Saints bid to prepare for their purchase of Everton? Who's sugesting Peter Reid will be manager ? Enough said.
Redondo Saint Posted 23 June, 2009 Posted 23 June, 2009 Maybe the only point of this thread is to make everyone aware that until we know there is truth in the reports of a very wealthy backer (several hundred million), we should not yet open the champagne in celebration of a new dawn.
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