Winchester Exile Posted 24 June, 2009 Posted 24 June, 2009 The only thing is, I'm never bowled over by people who start mails or sentences with "Guys". Always reminds me of Neil from the Young Ones.
saintbletch Posted 24 June, 2009 Posted 24 June, 2009 I suspect the situation is that Pinnacle require the FL to accept that their statement that the " rest of the League's Insolvency Rules will apply" is stupid. These rules include the requirement to exit administration with a CVA. The reason it is stupid to try and apply the rules in this case is because the PLC will not exit admin; it will be wound up following an asset sale. This sale is apparently satisfactory to the creditors (or at least a majority who would be able to approve a CVA, were one needed). The point of the rule is to protect creditors; therefore in our case the rule is substantively and pragmatically of no effect or benefit, notwithstanding that it is inapplicable in any case. I suspect Pinnacle are seeking an assurance that no further point penalty will be levied in the absence of a CVA. I suspect the FL are being obstinate old ****s because they fear that an acknowledgment that their Insolvency Rules are inapplicable and ill-equipped to deal with this situation will weaken the pretence upon which they applied the 10 point penalty in the first place. Unerstandably, Pinnacle are not going to waive all and every right of appeal if there is a prospect of a further 10 or 15 points, which would probably equate to relegation, being applied. This would make the proposition before their investor a completely different one. ...yep and I can imagine someone at the FL being completely understanding of Pinnacle's unique and difficult position whilst simultaneously being completely reluctant to set a precedent by allowing a non-CVA exit of administration. Think of the clubs that follow us through admin. They would be looking to exploit any exceptions the FL makes now. If this speculation is true, then this is not a trivial matter for the FL to resolve now.
saint_stevo Posted 24 June, 2009 Posted 24 June, 2009 seems to be a lot of people on here seduced by the fact they are updated, even though the updates say very little and when something is said, it remains nothing more than propaganda
teamsaint Posted 24 June, 2009 Posted 24 June, 2009 how can this league statue thingy be such an issue? clubs like AFCB , Darlo, Stockport, Leeds, luton, Rotherham seem to have been in and out of admin endlessly, with no real question as to their status. we go into admin just once, after a long history of financial stability, and we seem to be on our knees to the FL to take our rightful place in L1. Beats me.
Mr Saints Posted 24 June, 2009 Posted 24 June, 2009 Please hurry the **** up, players are starting to move left, right and centre and we are stuck in limbo. The longer we leave it, the further we fall behind (if 10 points wasn't bad enough).
trousers Posted 24 June, 2009 Posted 24 June, 2009 It seems obvious that the behind closed doors Swiss group won't be talking to anybody even if they buy the club. The Swiss whilst being probably more substantial would I think have no empathy but see it as a profit in due course. Any idea which Footballing 'names', if anyone, the Swiss have on board? Or are they simply a group of moneymen who will worry about the small matter of engaging footballing expertise if they were to come up on the rails in the final furlong? Reading between the lines, they would appear to be the wealthiest of the 3 runners but perhaps the ones with least preparation and/or thought about the practical footballing side? Am I warm?
RedFear Posted 24 June, 2009 Posted 24 June, 2009 Any idea which Footballing 'names', if anyone, the Swiss have on board? Or are they simply a group of moneymen who will worry about the small matter of engaging footballing expertise if they were to come up on the rails in the final furlong? Reading between the lines, they would appear to be the wealthiest of the 3 runners but perhaps the ones with least preparation and/or thought about the practical footballing side? Am I warm? well according to this http://www.dailymail.co.uk/sport/football/article-1191925/Charles-Sale-Sky-turns-Setanta-rescue.html its a bluechip Swiss pharmaceutical company..but then its in the mail and what do they know!
Whitey Grandad Posted 24 June, 2009 Posted 24 June, 2009 well according to this http://www.dailymail.co.uk/sport/football/article-1191925/Charles-Sale-Sky-turns-Setanta-rescue.html its a bluechip Swiss pharmaceutical company..but then its in the mail and what do they know! Do they sell tranquilizers?
trousers Posted 24 June, 2009 Posted 24 June, 2009 well according to this http://www.dailymail.co.uk/sport/football/article-1191925/Charles-Sale-Sky-turns-Setanta-rescue.html its a bluechip Swiss pharmaceutical company..but then its in the mail and what do they know! My semi-educated guess was Nycomed when that was originally published. http://en.wikipedia.org/wiki/List_of_pharmaceutical_companies They are a Swiss pharmaceutical company owned by a couple of private equity investment companies, namely Nordic Capital and CFSB Alternative Capital, head office Zurich..... Who knows....
dannysfc Posted 24 June, 2009 Posted 24 June, 2009 The Thing That Confuses Me Is That How Can The Staff, etc At Saints Be Gettin Paid Tomoz When We Have Hardly Any Money ?! COYR!!
Bald Headed Jesus Posted 24 June, 2009 Posted 24 June, 2009 He's damned if he does 'update', and he's damned if he doesn't. If he doesn't speak for a day, people get the razor blades out, if he does and it's nothing particularly groundbreaking, people still whinge about it being nothing of substance. Sort it out you whingey cackers... Agreed, the whinge-a-thon on here is painful. Some people don't hear bad news but have nothing better to do with their lives but have a moan on a message board. Get over yourselves.
RedFear Posted 24 June, 2009 Posted 24 June, 2009 My semi-educated guess was Nycomed when that was originally published. http://en.wikipedia.org/wiki/List_of_pharmaceutical_companies They are a Swiss pharmaceutical company owned by a couple of private equity investment companies, namely Nordic Capital and CFSB Alternative Capital, head office Zurich..... Who knows.... well looking at that list. of all the ones from switzerland they are only ones based in zurich. so would suggest its them
saint_stevo Posted 24 June, 2009 Posted 24 June, 2009 surely thats what a message board is for? if we all agreed, had the same point of views and got along it would be boring
The9 Posted 24 June, 2009 Posted 24 June, 2009 how can this league statue thingy be such an issue? clubs like AFCB , Darlo, Stockport, Leeds, luton, Rotherham seem to have been in and out of admin endlessly, with no real question as to their status. we go into admin just once, after a long history of financial stability, and we seem to be on our knees to the FL to take our rightful place in L1. Beats me. Are you serious? Ask any of the fans of those clubs how "easily" they were in and out of admin, especially Leeds and Luton, who have been at odds with the FL for months on end, and Rotherham who were only saved from Luton's fate by the fact that they, Bournemouth and Luton all got penalised at the same time. And that's without mentioning the clubs who actually went the whole way and got actually wound up without a buyer.
saint_stevo Posted 24 June, 2009 Posted 24 June, 2009 Are you serious? Ask any of the fans of those clubs how "easily" they were in and out of admin, especially Leeds and Luton, who have been at odds with the FL for months on end, and Rotherham who were only saved from Luton's fate by the fact that they, Bournemouth and Luton all got penalised at the same time. And that's without mentioning the clubs who actually went the whole way and got actually wound up without a buyer. Rightly so, administration and the rules surrounding it is put in place to stop clubs gaining an advantage from living outside of there means
speculator Posted 24 June, 2009 Posted 24 June, 2009 The bit that confuses me is the apparent need for the league and Pinnacle to agree "a contract". Is this the clause to not appeal or is it something else? It seems the whole delay is because the League and Pinnacle are at loggerheads over something other than the 10 points and I am struggling to understand what that is. I thought the league only had to be satisfied in the suitability of the owners to grant license? So many questions and while I appreciate TL's message and sentiments I am never afterwards, ever any clearer as to the real nature of the problem. I agree and whilst it maybe welcome to receive his updates how many MD's would take time out of their hectic days (especially during a takeover) to post no news on a web forum? Personally, I find his behaviour odd and why not just communicate with the media and a wider audience? I believe Saint Bletch has called the reason for the delay correctly and whilst Tony Lynam talks about putting the club at risk if the legal issues are not resolved to his satisfaction has he considered the risk of letting the club sail rudderless into the new season? It maybe time for Pinnacle to sign or step aside regardless of their 7 figure spend which may not be such a grand total if they like to watch the pennies to look after the pounds.
Gordon Mockles Posted 24 June, 2009 Posted 24 June, 2009 The only thing is, I'm never bowled over by people who start mails or sentences with "Guys". Always reminds me of Neil from the Young Ones. Jeez, let's f*ck off Pinnacle then and bring in Jackson then! Can't be having that.
Red and White Army Posted 24 June, 2009 Posted 24 June, 2009 The most obvious thing missing from Lynam's latest non-update is any assurance the staff will be paid tomorrow. If that was true, I would have expected him to mention it.
Gordon Mockles Posted 24 June, 2009 Posted 24 June, 2009 Do they sell tranquilizers? Ketamine is quite readily available these days! Even clubbers seem to like it! ewwww!!!
speculator Posted 24 June, 2009 Posted 24 June, 2009 The only thing is, I'm never bowled over by people who start mails or sentences with "Guys". Always reminds me of Neil from the Young Ones. Beware overtly pally Senior Execs. Is that the legal use of the word 'guys'? Presumably we have female posters? Perhaps he should start his message Guys and Gals...
speculator Posted 24 June, 2009 Posted 24 June, 2009 Ketamine is quite readily available these days! Even clubbers seem to like it! ewwww!!! Are you suggesting they are probably flogging a dead horse?
Whitey Grandad Posted 24 June, 2009 Posted 24 June, 2009 Ketamine is quite readily available these days! Even clubbers seem to like it! ewwww!!! I was just thinking that these Swiss people might recoup their outlay by selling them to our fellow posters.
SaintNeil90 Posted 24 June, 2009 Posted 24 June, 2009 It maybe time for Pinnacle to sign or step aside regardless of their 7 figure spend which may not be such a grand total if they like to watch the pennies to look after the pounds. seconded. I appreciate their time, money and persistence. however they dont seem to have got any nearer to signing than they had on monday from the updates. However on another note before people fire me down for complaining, I do hope the deal is completed, however you would be kidding yourselves if you have not become a sceptic.
saint_stevo Posted 24 June, 2009 Posted 24 June, 2009 It maybe time for Pinnacle to sign or step aside regardless of their 7 figure spend which may not be such a grand total if they like to watch the pennies to look after the pounds. seconded. I appreciate their time, money and persistence. however they dont seem to have got any nearer to signing than they had on monday from the updates. However on another note before people fire me down for complaining, I do hope the deal is completed, however you would be kidding yourselves if you have not become a sceptic. Fully agree with both
Gordon Mockles Posted 24 June, 2009 Posted 24 June, 2009 The bit that confuses me is the apparent need for the league and Pinnacle to agree "a contract". Is this the clause to not appeal or is it something else? It seems the whole delay is because the League and Pinnacle are at loggerheads over something other than the 10 points and I am struggling to understand what that is. I thought the league only had to be satisfied in the suitability of the owners to grant license? So many questions and while I appreciate TL's message and sentiments I am never afterwards, ever any clearer as to the real nature of the problem. I don’t think much is confusing. It’s tricky without knowing all the facts but Lynam’s comments strongly suggest the stale mate between the League and Pinnacle may be over the possibility of the League imposing further points deductions on the club (re: the CVA issue). If this is the case, Pinnacle are surely shrewd in ensuring the football club they buy is protected (and not sabotaged by insidious point penalties imposed by an erratic & poorly governed league board with a track record of trampling over smaller clubs). They want their new ownership to begin life as strong as possible. I'm not having a pop at you personally Duncan but so many on this forum moaned (& rightly so) at the media blackout and total lack of information coming from the club. Now we are in admin, the potential purchasers are keeping us informed, all be it restricted through the stipulated NDAs, and that is still not good enough. They can’t win. I respect Tony for informing us daily and it shows he's in touch and at least has PR skills. He must be extremely busy at the moment. Read between the lines, Pinnacle seem to be near the finishing line and it’s merely a case of the FL and Pinnacle meeting on the middle ground, which they are reported to be near. You must all know solicitors?! A simple house purchase can be stretched out for weeks, months. That's without the deliberation (which must have fuelled TL's previous Lawyer kicking jest). Imagine that situation with a football club, with various assets. Have patience and quit with the cynical belief of doom and a failed bid. We’ve a couple more days before the weekend and I’ve booked my celebratory drinks in Oxford St Friday. I hope I’m not the one left with egg on my face... OWTS
Saint in Paradise Posted 25 June, 2009 Posted 25 June, 2009 My major concern is that however confident Mr Lynam sounds in his messages the final say will be from the man with the money not Mr Lynam. I have also read on here that MJ says the group he represents will take the 10 point penalty, well that is easy to say at the moment but would they IF they were put on the spot ? To me their major snag is that the person talking for them appears to have a pretty shallow reputation ( well according to some on here ). Finally the Swiss have a reputation for being even more careful with their money than the Welsh so I am worried that when they find out all of the details, IF pinnacle pull out, they will also pull out.
David Strover Posted 25 June, 2009 Posted 25 June, 2009 Are you serious? Ask any of the fans of those clubs how "easily" they were in and out of admin, especially Leeds and Luton, who have been at odds with the FL for months on end, and Rotherham who were only saved from Luton's fate by the fact that they, Bournemouth and Luton all got penalised at the same time. And that's without mentioning the clubs who actually went the whole way and got actually wound up without a buyer. I believe Luton were docked extra points by breaking the rules whilst in administration a fact that was brought up by a employee of the club to the FA - so honesty pays there doesn't it? I actually hate conspiracy theories with a vengance but it's funny how Mick Harford brought up the subject of corruption in football causing quite a fuss (whilst at Luton and presumably with the club's knowledge and blessing) and before you know it Luton are more or less expelled from the Football League.....there's more than one way to skin a cat I guess!
70's Mike Posted 25 June, 2009 Posted 25 June, 2009 when will the next update be? lets hope it is to announce deal sign manager is owner is season tickets cost directors are and in that order
JustMike Posted 25 June, 2009 Posted 25 June, 2009 when will the next update be? lets hope it is to announce deal sign manager is owner is season tickets cost directors are and in that order yes, and today please!
derry Posted 25 June, 2009 Posted 25 June, 2009 Any idea which Footballing 'names', if anyone, the Swiss have on board? Or are they simply a group of moneymen who will worry about the small matter of engaging footballing expertise if they were to come up on the rails in the final furlong? Reading between the lines, they would appear to be the wealthiest of the 3 runners but perhaps the ones with least preparation and/or thought about the practical footballing side? Am I warm? I haven't a clue. It was just an opinion from somebody who could know and my reading of the Swiss tight lipped approach. I think you are warm, I'm not sure it has much to do with football at all. It looks a no brainer at the price, with a £50m stadium that is self sustaining, a training ground, 41 acres of potential development land, a property in Hill Lane, and a football club with potential ground filling ability if successful. If they have a long view, with promotion, just look at Burnley/Hull/Stoke for example, they would moore than get their money back without spending silly money with a good manager.
INFLUENCED.COM Posted 25 June, 2009 Posted 25 June, 2009 whilst it maybe welcome to receive his updates how many MD's would take time out of their hectic days (especially during a takeover) to post no news on a web forum? Personally, I find his behaviour odd and why not just communicate with the media and a wider audience? Maybe he has been told opinion on here carries more weight than what it actually does, pals of his are posters so again maybe they have bigged up the forum and when a high volume of posts become negative he is informed and tries to calm things, a bit.
Gingeletiss Posted 25 June, 2009 Posted 25 June, 2009 (edited) surely thats what a message board is for? if we all agreed, had the same point of views and got along it would be boring Yes but your slagging is in a different class....perhaps it makes you feel big, but any prospective purchaser reading this forum, would be put of by the likes of you. Edited 25 June, 2009 by Gingeletiss
Daren W Posted 25 June, 2009 Posted 25 June, 2009 But Steve, it's the wrong round IMO. We don't deserve someone like TL if we act like we do. Granted, there are worse things in life than a few cyberbullies getting their knickers in a twist but it shouldn't detract from the fact that people are acting like right w a nk ers. Spot on... But what would this place be like without mass hysteria..
saintbletch Posted 25 June, 2009 Posted 25 June, 2009 Agreed, the whinge-a-thon on here is painful. Some people don't hear bad news but have nothing better to do with their lives but have a moan on a message board. Get over yourselves. -->
saintwarwick Posted 25 June, 2009 Posted 25 June, 2009 It maybe time for Pinnacle to sign or step aside regardless of their 7 figure spend which may not be such a grand total if they like to watch the pennies to look after the pounds. seconded. I appreciate their time, money and persistence. however they dont seem to have got any nearer to signing than they had on monday from the updates. However on another note before people fire me down for complaining, I do hope the deal is completed, however you would be kidding yourselves if you have not become a sceptic. Fully agree with both You may agree with both but where is the alternative? I don't see much happening elsewhere now nor before Pinnacle put dosh upfront. Please enlighten me as to where we go from here as nothing else has or is happening in the "I want to buy SFC" soap opera.
saint_stevo Posted 25 June, 2009 Posted 25 June, 2009 Yes but your slagging is in a different class....perhaps it makes you feel big, but any prospective purchaser reading this forum, would be put of by the likes of you. if they are put off then perhaps they are not the right people for us. I have never slagged TL, Pinnacle or anyone connected to the deal off, just dealing in facts, which are that we still aint been taken over!
saint_stevo Posted 25 June, 2009 Posted 25 June, 2009 You may agree with both but where is the alternative? I don't see much happening elsewhere now nor before Pinnacle put dosh upfront. Please enlighten me as to where we go from here as nothing else has or is happening in the "I want to buy SFC" soap opera. at the moment the alternatives seems to be MJ and or the Swiss, which has admittedly gone very quiet. I hope the Pinnacle deal does go through, but the longer it goes on the less likely it is to happen and the more chance there is of us not having a club next year
The9 Posted 25 June, 2009 Posted 25 June, 2009 Rightly so, administration and the rules surrounding it is put in place to stop clubs gaining an advantage from living outside of their means No argument from me on that front, the interesting thing is none of the clubs punished have actually had any success as a result of the period prior to their admin - except Leeds, who'd already been relegated twice when the punishment kicked in. And of course had we gone up in the play-off season we would have had Premier League riches to tide us over for a couple more seasons, so there was really no disincentive for the gamble at the time. Of course any half-competent regime would have cut costs drastically far sooner than we did on failing...
miserableoldgit Posted 25 June, 2009 Posted 25 June, 2009 The Thing That Confuses Me Is That How Can The Staff, etc At Saints Be Gettin Paid Tomoz When We Have Hardly Any Money ?! COYR!! The thing that confuses me is:- "Why Do You Always Use Capital Letters At The Beginning Of Every Word?"
trousers Posted 25 June, 2009 Posted 25 June, 2009 I haven't a clue. It was just an opinion from somebody who could know and my reading of the Swiss tight lipped approach. I think you are warm, I'm not sure it has much to do with football at all. It looks a no brainer at the price, with a £50m stadium that is self sustaining, a training ground, 41 acres of potential development land, a property in Hill Lane, and a football club with potential ground filling ability if successful. If they have a long view, with promotion, just look at Burnley/Hull/Stoke for example, they would moore than get their money back without spending silly money with a good manager. Cheers Derry. Nycomed would seem to fit the bill given that their joint owner, Nordic Capital, invest in sectors other than pharmaceuticals. I seem to recall a few fingers in 'leisure' pies when I last looked.
trousers Posted 25 June, 2009 Posted 25 June, 2009 fronted by Ramon Vega? Hmmm.....that's been mentioned before....
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