Swiss roll into town...

[EBS1980]

http://www.dailyecho.co.uk/sport/saints/news/4459018.Swiss_group_arrive_for_Saints_talks/

 

Wonder how Tony et al will react to this news... hopefully push them into getting to sorted asap!

[trousers]

http://www.saintsweb.co.uk/forum/showthread.php?t=13667&highlight=swiss

[thorpie the sinner]

if it is going to take another 3 weeks to sort out a new group, we are doomed, it will be two weeks til our first fixture! Come on Tone

[trousers]

if it is going to take another 3 weeks to sort out a new group, we are doomed, it will be two weeks til our first fixture! Come on Tone

 

Unless the Swiss are further forward than people imagine? Their interest was first 'revealed' before Pinnacle entered exclusivity. I doubt they would have sat around twiddling thumbs during the last month if they were genuinely interested

[Saint Billy]

Alps, nip over the border and see who it is!

[trousers]

Alps, nip over the border and see who it is!

 

Ramon Vega was suggested on one of the other Swiss threads

[rudi-skacel]

they must have drawn up some kind of plan in light of what has been happening,obviously there is no prob with the accounts,or pinnacle wouldn't have continued,so shouldn't imagine that being a problem.

[The9]

they must have drawn up some kind of plan in light of what has been happening,obviously there is no prob with the accounts,or pinnacle wouldn't have continued,so shouldn't imagine that being a problem.

 

Arguably, they haven't.

[Foxy]

Unless the Swiss are further forward than people imagine? Their interest was first 'revealed' before Pinnacle entered exclusivity. I doubt they would have sat around twiddling thumbs during the last month if they were genuinely interested

 

Only got back from Geneva myself yesterday - wonder if they saw me walking through Heathrow and got confused

[Barry the Badger]

People do realise any other group will have the same problems with the league yes?

 

If they'll willing to accept the leagues terms it will almost certainly mean -25 points.

 

You have no idea or evidence that is actually the case (re the -25). Stop scaremongering.

[Verbal]

Perhaps Fry can sell enough exclusivity periods to get us through the season.

[Weston Super Saint]

Alps, nip over the border and see who it is!

 

By 'over the border' you mean 'into Southampton'?

 

I assume so, since the Echo report they are here today, so 'nipping over the border into Switzerland' would be a little pointless

[mattyd]

Any new group have the advantage of knowing the FL position and Fry can advise on what will be necessary to facilitate the sale. Hopefully 3 weeks are not required.

[trousers]

Perhaps Fry can sell enough exclusivity periods to get us through the season.

 

Trousers: Chuckled out loud

[trousers]

Any new group have the advantage of knowing the FL position and Fry can advise on what will be necessary to facilitate the sale. Hopefully 3 weeks are not required.

 

Indeed

[SuperSAINT]

It's NOT Vega's lot.

 

Solent reported they're worth around 10 billion a few weeks ago.

[saint_stevo]

Lets hope they have some astute business men and solicitors with them

[Pancake]

Ramon Vega was suggested on one of the other Swiss threads

 

By Stevo... pinch (handful) of salt?

[trousers]

It's NOT Vega's lot.

 

Solent reported they're worth around 10 billion a few weeks ago.

 

Well, they were rich enough to be interested in a certain Premier League club earlier in the year....

 

http://www.timesonline.co.uk/tol/sport/football/premier_league/article5793121.ece

 

Ramon Vega, the former Tottenham Hotspur defender, will push ahead with his plans to take over Portsmouth despite having an offer rejected by the South Coast club. The Swiss is confident of clinching a deal while determined not to increase his bid (Tony Evans writes).

The Times has learnt that the offer to buy the struggling Barclays Premier League club was made by VS Investment Group, which Vega heads. VS has been in negotiations with Portsmouth for a number of months. Alexandre Gaydamak, the Portsmouth owner, is thought to have become disillusioned over losses that are believed to amount to about £60 million since he took over in 2006. Portsmouth are believed to owe about £40 million to their bankers and Gaydamak has put more than £25 million of his own cash into Fratton Park.

[saint_stevo]

By Stevo... pinch (handful) of salt?

 

Ramon Vega ?

 

Oh yes, looks like i proposed it as gospel.....

 

He is Swiss and was sniffing around a few clubs a while back. i put 2 and 2 together and merely speculated.

 

Hows your journo buddy anyway Pancake? Feeding you any more 'info'??

 

 

EDIT- Thank you trousers, it was a possibility and lets face it, we don't know who it is/could be

[trousers]

http://soccernet.espn.go.com/columns/story?id=622093&&cc=5739

 

Vega is believed to have offered to buy the club for debt, thereby wiping out Pompey's £40m liability, which is primarily held with the South African Standard Bank.

However, two sticking points have emerged. The first being that Gaydamak, who has pumped in around £25m of his own money since taking over in 2006, wants more than the small amount for his shares than Vega has offered; and secondly reports suggest that Vega failed to prove the existence of the necessary finances when asked to do so and suggested the club's cash should be used to pay back money owed to Gaydamak.

 

Ah...

[Tokyo-Saint]

Vega failed to prove the existence of the necessary finances when asked to do so

 

Sound perfect! Bring him into the farce.

[Pancake]

Oh yes, looks like i proposed it as gospel.....

 

He is Swiss and was sniffing around a few clubs a while back. i put 2 and 2 together and merely speculated.

 

Hows your journo buddy anyway Pancake? Feeding you any more 'info'??

 

 

EDIT- Thank you trousers, it was a possibility and lets face it, we don't know who it is/could be

 

 

Annoyingly he is on leave, at least he was right...

[Bakovnetski]

Schumacher was a decent footballer. Maybe he is involved. His pad is over near Lake Konstanz.

[Nineteen Canteen]

Perhaps Fry can sell enough exclusivity periods to get us through the season.

 

You never know, time to buy shares in Bodyform, it looks like we may have another gypsy week.

[St Marco]

Hopefully as i said yesterday having another bidder becoming serious will make Pinnacle realise that they will lose out if they keep playing the waiting game.

What is important now is the club has a owner who can pay the wages of the staff and can help with the building for the new season. We are not in a position to have a **** waiving contest like with what is going on now between the FL and Pinnacle.

Sometimes the bigger war is more important then a tiny battle, the -10 issue is a tiny battle in a bigger war.

[Blandford saint]

I heard that they were only pipped at the post by Pinnacle - they would have been ready to sign an exclusivity agreement hours after Pinnacle finally did, so they must have been well aware of the facts at the time. Unfortunately this appears to be before Mawhinney decided to move the goalposts.

[JustMike]

I heard that they were only pipped at the post by Pinnacle - they would have been ready to sign an exclusivity agreement hours after Pinnacle finally did, so they must have been well aware of the facts at the time. Unfortunately this appears to be before Mawhinney decided to move the goalposts.

 

but they have come back again so thats a good thing

[trousers]

but they have come back again so thats a good thing

 

I guess it depends what 'worst case scenario' their bid and 'investment plan' was based on. Here's hoping that they pre-empted that the FL were likely to "move the goalposts" otherwise we could be back at square one IMHO

[saintinlondon]

Well, they were rich enough to be interested in a certain Premier League club earlier in the year....

 

http://www.timesonline.co.uk/tol/sport/football/premier_league/article5793121.ece

 

Ramon Vega, the former Tottenham Hotspur defender, will push ahead with his plans to take over Portsmouth despite having an offer rejected by the South Coast club. The Swiss is confident of clinching a deal while determined not to increase his bid (Tony Evans writes).

The Times has learnt that the offer to buy the struggling Barclays Premier League club was made by VS Investment Group, which Vega heads. VS has been in negotiations with Portsmouth for a number of months. Alexandre Gaydamak, the Portsmouth owner, is thought to have become disillusioned over losses that are believed to amount to about £60 million since he took over in 2006. Portsmouth are believed to owe about £40 million to their bankers and Gaydamak has put more than £25 million of his own cash into Fratton Park.

 

yep. whoever they may be I have heard from someone dealing with them that there is a lot more money with the swiss bunch

[trousers]

yep. whoever they may be I have heard from someone dealing with them that there is a lot more money with the swiss bunch

 

Which may mean that they are 'more capable' of absorbing a maximum point deduction, if that were to transpire, than the two other bids? (e.g. by greater up-front investment in players)

 

Who knows

[Rogerfryisalegend]

I thought Vega's Asset company was called Duet which are a UK based company rather than Swiss.

[SuperSAINT]

It's NOT Vega.

[Rogerfryisalegend]

It's NOT Vega.

Exactly why i said waht i did

[trousers]

I thought Vega's Asset company was called Duet which are a UK based company rather than Swiss.

 

He heads up 'VS Investment Group' according to the Times.....

 

The Times has learnt that the offer to buy the struggling Barclays Premier League club was made by VS Investment Group, which Vega heads

 

....however, that is UK registered too....

[trousers]

It's NOT Vega.

 

Who else?

 

Thanks

[Rogerfryisalegend]

He heads up 'VS Investment Group' according to the Times.....

 

The Times has learnt that the offer to buy the struggling Barclays Premier League club was made by VS Investment Group, which Vega heads

 

....however, that is UK registered too....

This is on wiki, so take with a pinch of salt: After his retirement, Vega became a founding member of the Duet Group (2002), a financial group specialising in asset management and private equity. In 2006, Vega also founded the Matterhorn Capital Rosalp, a Swiss real estate company focusing on the development of luxury hotels worldwide. The first hotel to be developed will be in Verbier, Switzerland.

 

If you Google 'Duet Asset Management Ramon Vega' you get a fair few hits.

 

But, others think it's not him, so probably irrelevant anyway.

[SuperSAINT]

Who else?

 

Thanks

 

Don't know. But the 1st thing I asked was: "Is it Vega?"

 

I got told: "No".

[yorkie]

I suppose we better Battenberg down the hatches!

[Amesbury Saint]

however takes us over, please get on with it!