Master Bates Posted 26 June, 2009 Posted 26 June, 2009 I think what we're missing is that his daddy might be rich, unless that's been mentioned already.
thegaffer Posted 26 June, 2009 Posted 26 June, 2009 Who is it on here that knows MLT? And can said person ask MLT if he knew who the money man is before he signed up to the Pinnacle bid? I can only imagin that he was duped into thinking that this 100's of millions existed too so I guess he is not going to be over the moon with the outcome. Unless we are missing something about the pinnacle bid????? If he has been duped then you can guarantee the story will come out on here eventually.
CHAPEL END CHARLIE Posted 26 June, 2009 Posted 26 June, 2009 I think the chances of Pinnacle completing now are only just above zero. I would not want to put Mr Fialka in the same league as Marc Jackson and Barry the Briefcase but he does not strike me as a person who has the clout to buy a football club. I am very concerned about the wages remaining unpaid as there are league provisions regarding when players can walk irrespective of their contract status if they remain unpaid. I think the half truths in Mr Lynam's statements will be revealed today when they implode. I just hope that the Swiss and the British consortia (not joker Jackson) are there on Monday to take over. That's all fair comment . But Pinnacle have established proof of funds with the Administrator and they have convinced Leon Crouch and MLT that they are serious players so I'm clinging to a desperate last hope that somewhere in the background this bid is real (with a properly wealthy backer) and not just the dream of some 'no money' fantasist . All I can say to those behind the Pinnacle project is that if you want to retain any remaining credibility among the fanbase you better complete this deal - today .
saint lard Posted 26 June, 2009 Posted 26 June, 2009 MLT,"Fialka has done well for himself in the property game" "Link is TL" "Daily Echo not being supportive with the stories" "Fialka is the sole money man" "Not Fialkas fault that staff have not been paid" "the takeover that is going through will put SFC on solid ground,Football league not helping" "legal issues still at stake and in the hands of the lawyers,just want SFC to start on a level playing field,no idea how long this can go on for,concerened about other bidders,still confident it will go through" "contingency plan put in place by TL so staff can be paid by the end of the day,fans have to be patient" Mark Fry will brief staff at 10.30 this morning
WestSaint Posted 26 June, 2009 Posted 26 June, 2009 MLT,"Fialka has done well for himself in the property game" "Link is TL" "Daily Echo not being supportive with the stories" "Fialka is the sole money man" "Not Fialkas fault that staff have not been paid" "the takeover that is going through will put SFC on solid ground,Football league not helping" "legal issues still at stake and in the hands of the lawyers,just want SFC to start on a level playing field,no idea how long this can go on for,concerened about other bidders,still confident it will go through" "contingency plan put in place by TL so staff can be paid by the end of the day,fans have to be patient" Mark Fry will brief staff at 10.30 this morning I was less than impressed with that interview.
treggs23 Posted 26 June, 2009 Posted 26 June, 2009 personally I trust MLT, and remain convinced that the deal will go through...
JustMike Posted 26 June, 2009 Posted 26 June, 2009 MLT,"Fialka has done well for himself in the property game" "Link is TL" "Daily Echo not being supportive with the stories" "Fialka is the sole money man" "Not Fialkas fault that staff have not been paid" "the takeover that is going through will put SFC on solid ground,Football league not helping" "legal issues still at stake and in the hands of the lawyers,just want SFC to start on a level playing field,no idea how long this can go on for,concerened about other bidders,still confident it will go through" "contingency plan put in place by TL so staff can be paid by the end of the day,fans have to be patient" Mark Fry will brief staff at 10.30 this morning i have a horrible feeling that MLT has been taking for a ride too. If Fialka is the sole money man, why then did TL yesterday say that one of them would come into the limelight?
saint lard Posted 26 June, 2009 Posted 26 June, 2009 I was less than impressed with that interview. He didn't sound so convincing and upbeat,if anything he sounded not overly impressed at the moment.
paris Posted 26 June, 2009 Posted 26 June, 2009 Mmmmmm doesn't sound to clever the noises or lack of them coming from the Pinnacle camp...
Synergy Posted 26 June, 2009 Posted 26 June, 2009 I love the 'fans have to be patient' line. They have had 28 days now since they signed exclusivity so they can't be suprised that people are questioning as to why it isn't complete yet.
Ken Tone Posted 26 June, 2009 Posted 26 June, 2009 personally I trust MLT, and remain convinced that the deal will go through... I *trust* matt too, but that is not the same as sayong that I think he knows much about business,or is capable of assessing the worth of poinnacle/fialka. Matt, lynam and fialka all say it is the right to appeal over the 10 points that is the problem. Well we all knew weeks ago the league would not back down,so surely they knew that too? It makes no difference what fialka's lawyers say. Either pinnacle cave in or the deal won't go ahead. It's as simple as that -- and they say they won't cave in. What a waste of a month. . K.
corsacar saint Posted 26 June, 2009 Posted 26 June, 2009 Matt also actually used the word if, when talking about the takeover on solent. I also worryingly did not detect the usual upbeat tone in his voice.
Guided Missile Posted 26 June, 2009 Posted 26 June, 2009 I think what we're missing is that his daddy might be rich, unless that's been mentioned already. He lives with his f***ing Mum and Dad in a semi-detached house in Barnet, FFS and he's 33 years old.
Fitzhugh Fella Posted 26 June, 2009 Posted 26 June, 2009 We've got our Club back! Unhelpful and not in the least funny.
glkdcdes Posted 26 June, 2009 Posted 26 June, 2009 Prediction........ Pinnacle bid will not be succesful. Sadly M.L.T. has been used, i feel sorry for him. If the Pinnacle guys are jokers as is starting to look likely they, in 3 weeks would have done as much damage as Lowe in his 15 years. They must now put up or shut up...........
brightspark Posted 26 June, 2009 Posted 26 June, 2009 As the Pinnacle bid seems to sound worse and worse, maybe it would be best for the Swiss to come on board and take us up? Or is everyone just lying, for the sake of it? Maybe they aren't from Switzerland... maybe they are Dutch!!! Maybe they plan to bring total football to the South Coast!!! You never know what Rupert van de Lowe is up to!
The9 Posted 26 June, 2009 Posted 26 June, 2009 Isn't Red Bull something to do with the Swiss, just a hunch i thought Red bull was a Swiss Pharmaceutical invention. Seeing as how Red Bull sponsor tons of other sports but don't remember seeing them in footy Other than Red Bull Salzburg in Austria and New York Red Bulls in MLS, you mean ? How does Red Bull Saints strike you, are we desperate enough for that now ?
Pancake Posted 26 June, 2009 Posted 26 June, 2009 I think what we're missing is that his daddy might be rich, unless that's been mentioned already. Rich enough to buy a semi in Barnet? oh wowee!
brightspark Posted 26 June, 2009 Posted 26 June, 2009 Other than Red Bull Salzburg in Austria and New York Red Bulls in MLS, you mean ? How does Red Bull Saints strike you, are we desperate enough for that now ? If it gives us the wings needed to get back up the footballing pyramid, then yes!!! Although i'm sure older fans would disapprove.
Give it to Ron Posted 26 June, 2009 Posted 26 June, 2009 We've got our Club back! Can you explain why some people seem to revel in our misery? Is it great that we have been duped again? The previous boards we had including Lowe have driven this club into administration NONE of them are innocent yet still we get posts that seem to gloat. Why? I don't understand why some do not want this club to move on and get back to being the great friendly, family type club it once was. It seems to me that its more important for some to be a great I told you so on a poxy internet forum than the club being solid again.
NickG Posted 26 June, 2009 Author Posted 26 June, 2009 Other than Red Bull Salzburg in Austria and New York Red Bulls in MLS, you mean ? How does Red Bull Saints strike you, are we desperate enough for that now ? we were a long time ago!
Badger Posted 26 June, 2009 Posted 26 June, 2009 Swiss are working with Fry over weekend and likely to have exclusivity by Monday then -unlike Pinnacle they have funds to complete source - Solent But IF what we have previously been told is correct , funds have not been the issue. The fact Pinnacle got as far as talking to The League tends to support that view.Unless of course it means funds to start the fight and climb back from a lower position than Pinnacle had budgeted for.
bigdavewatson Posted 26 June, 2009 Posted 26 June, 2009 buying a football club is a lot like making love to a beautiful woman............ thank **** for this post, really made me laugh, nice one scara
sussexsaint Posted 26 June, 2009 Posted 26 June, 2009 Bring on the Swiss - lets hope they can sort things out pronto - not sure we have 21 days to sort this mess out before the season starts
SaintDonkey Posted 26 June, 2009 Posted 26 June, 2009 I want the Swiss in now - if only to save MLT from any further embarassment.
sussexsaint Posted 26 June, 2009 Posted 26 June, 2009 buying a football club is a lot like making love to a beautiful woman............ Indeed, the night before you are swept up in the romance of the occasion and are convinced she is a stunner, there is nothing you cannot do, you even contemplate a 3some with Kevin Keegan Unfortunately when you wake up the next morning and roll over you realise its a 33 year old bloke who still lives with his mum, who then asks you for his bus fare home
ringwood Posted 26 June, 2009 Posted 26 June, 2009 The Swiss will have to buy SLH rather than assets of SLH If SLH is bought then yes the cost will likely be higher, but CVA not an issue. I'm sure all the legal arguments are over the imposition of corporate law by the FL against a company (SFC) which isn't in the eyes of corporate law in Admin and therefore can't conform with a request for a CVA based on Corporate law. That's a mess from the FL and their interpretation of their rules which don't follow the law of the country.
Highfield Saint Posted 26 June, 2009 Posted 26 June, 2009 I understood from inside the club that Pinnacle beat the Swiss to exclusivity by a couple of hours. The club's view was that the Swiss were more professional in their approach and the questions they were asking were clearly indicating a level of experience and resources over and beyond that of Pinnacle. I have also been told that it was a week after exclusivity before Pinnacle's lawyers were appointed which bemused a few. I am not saying that Pinnacle wont complete or that the Swiss will now step in but it will continue to go down to the wire - and we are not there yet.
trousers Posted 26 June, 2009 Posted 26 June, 2009 The Swiss will have to buy SLH rather than assets of SLH If SLH is bought then yes the cost will likely be higher, but CVA not an issue. Any idea how much higher?
trousers Posted 26 June, 2009 Posted 26 June, 2009 I understood from inside the club that Pinnacle beat the Swiss to exclusivity by a couple of hours My understanding too
OLYMPIC Posted 26 June, 2009 Posted 26 June, 2009 With the Pinnacle bid looking to be a bit of a farce now the Swiss group has to be the right one,if they are claiming the funds are no problem.Surely it has to be better in the long run to have one company own the club instead of lots of little money men just chipping a bit in for it. I really get the feeling MLT has been duped to some degree and if thats the case he needs to walk away from this group now,because i think he is the only reason alot of people on here gave there bid more creedence than maybe it deserved.
MusicMan Posted 26 June, 2009 Posted 26 June, 2009 I understood from inside the club that Pinnacle beat the Swiss to exclusivity by a couple of hours. The club's view was that the Swiss were more professional in their approach and the questions they were asking were clearly indicating a level of experience and resources over and beyond that of Pinnacle. I have also been told that it was a week after exclusivity before Pinnacle's lawyers were appointed which bemused a few. I am not saying that Pinnacle wont complete or that the Swiss will now step in but it will continue to go down to the wire - and we are not there yet. Spot on. That’s also what I hear. Also a lot of their DD was done back in the days of RL but something stopped them going through with the sale. Now they are back they are serious, the are prepared to throw a lot of lawyers and accountants at it to get it done ASAP but will not pay for an exclusivity period (will abide by what FL say if it takes longer to get to PL then so be it). Don’t know exactly who they are but am told it’s a family with a lot of money and want to do things the right way and keep us a family club. I like what I am hearing so don’t all go out and shoot yourselves yet, the Pinnacle episode could turn out to be a blessing in disguise.
leeroy Jnr Posted 26 June, 2009 Posted 26 June, 2009 I don't care who buys the club as long as someone does! And SOON!
saintjay77 Posted 26 June, 2009 Posted 26 June, 2009 Can you explain why some people seem to revel in our misery? Is it great that we have been duped again? The previous boards we had including Lowe have driven this club into administration NONE of them are innocent yet still we get posts that seem to gloat. Why? I don't understand why some do not want this club to move on and get back to being the great friendly, family type club it once was. It seems to me that its more important for some to be a great I told you so on a poxy internet forum than the club being solid again. I think its fair that there wiill be some that are angry about the situation and in there opinion we should have done everything we could to avoid administration. there was certainly enough people happy to shout and gloat about how it would be so good for us so its hargdly suprising to find some that are ready to point out the obvious now. I agree that it would be fantastc to have a family club again with all of us enjoying the highs and lows of being a saint like it used to be but we are in a shiit hole and the sides have been greased so it looks like we will be here for a while. Realisticly do you believe there is anything that can be done right now to unite the fans? Years of Lowe and a few years of false hope and co(k ups have just about ruined this great club.
Jackie@home Posted 26 June, 2009 Posted 26 June, 2009 I'd also heard that the Swiss group had been pipped to the post by a few hours, and they were quite shocked when Pinnacle gained exclusivity. I just hope that they are still interested with the threat of an extra points deduction, because they sound like the real deal. Apparently they had been looking at us for some time, but the bid also involves property development, which is always complicated. However, money would be no worry and they already had a manager set up ready to go - one who wouldn't be interested unless there was serious money to spend.
saintbletch Posted 26 June, 2009 Posted 26 June, 2009 The Swiss will have to buy SLH rather than assets of SLH If SLH is bought then yes the cost will likely be higher, but CVA not an issue. I'm sure all the legal arguments are over the imposition of corporate law by the FL against a company (SFC) which isn't in the eyes of corporate law in Admin and therefore can't conform with a request for a CVA based on Corporate law. That's a mess from the FL and their interpretation of their rules which don't follow the law of the country. I think this is a sound observation and it would appear to get around some of the problems that we think exist with the FL. How do you go about buying a distressed Plc whose shares have been suspended? Is it just a matter of negotiating a disposal value with Fry? Do you then go about de-listing the Plc? Will any of the purchase price be returned to the shareholders? Or will the creditors get first pick?
Fan The Flames Posted 26 June, 2009 Posted 26 June, 2009 Could we have a Rank Xerox style slash swiss flag shirt.
saintjay77 Posted 26 June, 2009 Posted 26 June, 2009 The Swiss will have to buy SLH rather than assets of SLH If SLH is bought then yes the cost will likely be higher, but CVA not an issue. I'm sure all the legal arguments are over the imposition of corporate law by the FL against a company (SFC) which isn't in the eyes of corporate law in Admin and therefore can't conform with a request for a CVA based on Corporate law. That's a mess from the FL and their interpretation of their rules which don't follow the law of the country. I dont get why anyone would buy SLH and pay more for doing it? If the FL are not following corporate law then i think its fair enough that we have a case to fight and 15mil for a club on 0 points is a pretty good shout. But buy SLH and all its assets surly opens us up to the further -15 points and puts us at risk of league 2 football. especially if in the mean time the players sticking around to find out what there option are leave and we also lose a few other players to keep the wages going. There will be very little time left for assebling a squad to fight any points deduction. So I would have thought that the value will go down due to the additional work and money that will need to be done to fix this mess? You buy a house that is as good as the rest in the street and you can expect to pay the same as the others. buy a house that needs to be rebuilt, would you pay the same or less?
Plonko Posted 26 June, 2009 Posted 26 June, 2009 Before we get too tough on the Pinnacle group, it might be worth considering that a major finanial backer may well have pulled out at the 11th hour leaving the remaining people involved (ie TL and Fialke) in the lurch. Therefore the blame may lie with an unknown. Having said that I know fook all about what's really going on so my speculation is as worthwhile as everyone else's here.
saintbletch Posted 26 June, 2009 Posted 26 June, 2009 I dont get why anyone would buy SLH and pay more for doing it? If the FL are not following corporate law then i think its fair enough that we have a case to fight and 15mil for a club on 0 points is a pretty good shout. But buy SLH and all its assets surly opens us up to the further -15 points and puts us at risk of league 2 football. especially if in the mean time the players sticking around to find out what there option are leave and we also lose a few other players to keep the wages going. There will be very little time left for assebling a squad to fight any points deduction. So I would have thought that the value will go down due to the additional work and money that will need to be done to fix this mess? You buy a house that is as good as the rest in the street and you can expect to pay the same as the others. buy a house that needs to be rebuilt, would you pay the same or less? I think the answer to your question above is that if the Plc were to come out of administration and produce a CVA then my understanding under the sporting sanctions malarkey is that we would not face a potential further -15 points. Therefore if you were to "buy" the Plc you might guarantee starting on -10. Whether that would be possible or worth the potential additional cost, agro and delay is moot. How did you reach the conclusion in bold above?
trousers Posted 26 June, 2009 Posted 26 June, 2009 Don’t know exactly who they are but am told it’s a family with a lot of money and want to do things the right way and keep us a family club. Is there a tenuous connection to a Disney character?
SaintRobbie Posted 26 June, 2009 Posted 26 June, 2009 We've got our Club back! LOL! relax. Pinnacle will do it.
saintjay77 Posted 26 June, 2009 Posted 26 June, 2009 I think the answer to your question above is that if the Plc were to come out of administration and produce a CVA then my understanding under the sporting sanctions malarkey is that we would not face a potential further -15 points. Therefore if you were to "buy" the Plc you might guarantee starting on -10. Whether that would be possible or worth the potential additional cost, agro and delay is moot. How did you reach the conclusion in bold above? Basically if someone just buys SFC then under corporate law it is not in admin so with the right legal wrangling I think the FL could be pushed into admitting it. I think they would come up with the -10 points in another way and I wouldnt complain about it but we would only have to satisfy the creditors of SFC. If someone buys SLH and all its assets then that would suggest the price would be higher (even though it carrys much more baggage that in turn would cost allot more) as you have 15mill for SFC plus what ever for stadium, farm, training ground, world class catering and what ever else is linked in but as SLH is legally in admin then all of its creditors would also need to be satisfied to get the CVA and avoid the -15 points. To me that just seems like a crazy option. Why spend so much extra money when the bits you want are legally not in administration? Thats obviously what the League want to happen as it digs them out of a hole they dug themselves. I still think the best way out for all concerned no matter who may or may not buy us is for the league to drum up a set of rules that accepts our situation but still punishes us for the position we are in.
SaintBobby Posted 26 June, 2009 Posted 26 June, 2009 If the Swiss consortium is serious, and really want to buy the club quickly, why not pay say £50K for a 96 hour exclusivity period? They could knock Pinnacle out of the ball park...
JustMike Posted 26 June, 2009 Posted 26 June, 2009 If the Swiss consortium is serious, and really want to buy the club quickly, why not pay say £50K for a 96 hour exclusivity period? They could knock Pinnacle out of the ball park... or, why not just say..."hey, here's the money for the club, where do we sign?"
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