NickG Posted 26 June, 2009 Posted 26 June, 2009 asked for 1 week unpaid work by staff needs to be sorted next week expects decision from Swiss at very start of next week
Matthew Le God Posted 26 June, 2009 Posted 26 June, 2009 and those that have contracts that run out on 30th June? off they trot?
trousers Posted 26 June, 2009 Posted 26 June, 2009 asked for 1 week unpaid work by staff needed to be sorted weeks ago expects decision from Swiss at very start of next week Updated it for you....
Dan Johnson Posted 26 June, 2009 Posted 26 June, 2009 completely unacceptable as far as I am concerned... why should the staff work for nothing....
SaintBobby Posted 26 June, 2009 Posted 26 June, 2009 Does this also mean the players have gone without pay? Am less bothered on emotional grounds, but are they now free to walk?
Northam Girls Posted 26 June, 2009 Posted 26 June, 2009 Source - Radio Solent - yeah I heard it too begining to loose faith now that we will be saved
Bakovnetski Posted 26 June, 2009 Posted 26 June, 2009 Tough call but it's no different than BA workers working for a month without pay. May be some high paid footballers can too so the regular staff and scholars can be paid.
SaintBobby Posted 26 June, 2009 Posted 26 June, 2009 completely unacceptable as far as I am concerned... why should the staff work for nothing.... I guess they don't have to, but there isn't any money to pay them. Saints don't have their own sterling printing presses AFAIK.
Greenridge Posted 26 June, 2009 Posted 26 June, 2009 and those that have contracts that run out on 30th June? off they trot? And those that are under contract can walk away too as their contracts have been breached? If this is a possible scenario then Fry is rapidly running out of assets.
Guided Missile Posted 26 June, 2009 Posted 26 June, 2009 asked for 1 week unpaid work by staff needs to be sorted next week expects decision from Swiss at very start of next week Worth asking whether Begbies Traynor are willing to work for one week without pay....
Webby Posted 26 June, 2009 Posted 26 June, 2009 asked for 1 week unpaid work by staff needs to be sorted next week expects decision from Swiss at very start of next week If he's asked for this then the Pinnacle deal is obviously far from being 'hours away from completion'. He's probably told them that if the deal goes through then they'll be paid immediately, but don't hold your breath.
SaintBobby Posted 26 June, 2009 Posted 26 June, 2009 Worth asking whether Begbies Traynor are willing to work for one week without pay.... If administrators worked for nothing when they were handling companies in crisis, it wouldn't be a very attractive profession....
Webby Posted 26 June, 2009 Posted 26 June, 2009 Give the Stadium staff a week off unpaid. Paid when takeover is complete. I mean, what work is there to do anyway?
stevegrant Posted 26 June, 2009 Posted 26 June, 2009 Why were the players not asked to take a wage deferral when we first went into administration? That would have bought the club and the administrator a lot more time to get a deal done. Also, what exactly is it that is stopping the club selling season tickets, which would bring in the revenue that would usually be used to ensure the club's costs over the summer are covered...
Essruu Posted 26 June, 2009 Posted 26 June, 2009 Worth asking whether Begbies Traynor are willing to work for one week without pay.... :-)
Mole Posted 26 June, 2009 Posted 26 June, 2009 I'd work one week without pay - but i'd be on the sick.
Guided Missile Posted 26 June, 2009 Posted 26 June, 2009 If administrators worked for nothing when they were handling companies in crisis, it wouldn't be a very attractive profession....Profession? Fry has poured petrol on the fire the moment he let Lynam past reception...
NickG Posted 26 June, 2009 Author Posted 26 June, 2009 Assume Pinnacle bid is now dead then? think its more of the case Fry cannot do anymore for Pinnacle- if they sign the issued contract (not heard it being withdrawn) then its theirs but Fry can't assume they will after all the delays
Selexus Posted 26 June, 2009 Posted 26 June, 2009 Worth asking whether Begbies Traynor are willing to work for one week without pay.... This is one of the things that really gets my goat! Will the staff that have to work for nothing because the club is skint get a guaranteed share of the profits when the club is bouyant again? Seems only fair! :mad:
northam soul Posted 26 June, 2009 Posted 26 June, 2009 Why were the players not asked to take a wage deferral when we first went into administration? That would have bought the club and the administrator a lot more time to get a deal done. Also, what exactly is it that is stopping the club selling season tickets, which would bring in the revenue that would usually be used to ensure the club's costs over the summer are covered... I have made this point for months but i think its like say Setanta continuing to sell subscriptions knowing that they cannot fulfill the content of the package which in effect we would be doing.
saint lard Posted 26 June, 2009 Posted 26 June, 2009 I would not be surprised if the supposed Pinnacle bid is dead in the water. If it was ever really the real deal.
EastleighSoulBoy Posted 26 June, 2009 Posted 26 June, 2009 And who is going to buy a season ticket to possibly nothing?
Guided Missile Posted 26 June, 2009 Posted 26 June, 2009 Assume Pinnacle bid is now dead then?It has to be. The lawyers for SLH/Administrator will, under Law Society guidelines, only allow one contract to be out with one party at a time, IMHO...
SaintBobby Posted 26 June, 2009 Posted 26 June, 2009 I have made this point for months but i think its like say Setanta continuing to sell subscriptions knowing that they cannot fulfill the content of the package which in effect we would be doing. I still don't understand this. Couldn't they make it explicit that the season ticket had this condition by, say, putting in very big, bold letters on the marketing material "BUY AT YOUR OWN RISK, WE MAY NOT BE ABLE TO COMPLETE ANY OR ALL OF OUR FIXTURES". Seems we have foregone c. £2m in revenue by not selling STs, so I guess there must be an absolutely compelling reason.
RonManager Posted 26 June, 2009 Posted 26 June, 2009 Is there a link to listen to the Solent MF statement?
ladysaint Posted 26 June, 2009 Posted 26 June, 2009 Cant sell ST's because they dont know if we will still be in existence or even in L1, and beggars the question why we were ever put into the fixtures in the first place as we dont have a licence to run as a football club.
Evo Posted 26 June, 2009 Posted 26 June, 2009 Also, what exactly is it that is stopping the club selling season tickets, which would bring in the revenue that would usually be used to ensure the club's costs over the summer are covered... Selling season tickets would probably be classed as an implicit forward-looking financial/viability statement. While it's parent company is in administration and, clearly SFC is currently insolvent, this would put the directors of SFC on a rather dodgy platform legally That's where the problem is I reckon.
NickG Posted 26 June, 2009 Author Posted 26 June, 2009 It has to be. The lawyers for SLH/Administrator will, under Law Society guidelines, only allow one contract to be out with one party at a time, IMHO... they haven't said have issued one to Swiss - but waiting on their decision
AwaySaint1 Posted 26 June, 2009 Posted 26 June, 2009 Does this also mean the players have gone without pay? Am less bothered on emotional grounds, but are they now free to walk? The PFA will pay full wages to players if Crouch does not before.
JustMike Posted 26 June, 2009 Posted 26 June, 2009 re swiss, why wait until monday? re pinnacle, why doesnt he just tell us what the fook is really going on
teamsaint Posted 26 June, 2009 Posted 26 June, 2009 I would have thought they could sell DMG or Surman, maybe cutprice, very easily.
stevegrant Posted 26 June, 2009 Posted 26 June, 2009 And who is going to buy a season ticket to possibly nothing? 10,000 season tickets at £300 = £3m; that covers the wage bill for about 6 months (probably longer with the likes of Euell, Dyer, Wright-Phillips, John, Rasiak and possibly Davis gone). Add matchday sales (say 5000 @ £20) and that's £100k per home game, roughly another £200k per month if you assume we generally have two home games per month. That then gives the club a massive amount of breathing space in which to conclude a takeover deal, and if we're still struggling by January then any player with any sort of value gets sold for whatever price someone's willing to pay. There is absolutely no way we should be in the position where, in a week's time, the football club could cease to exist.
Webby Posted 26 June, 2009 Posted 26 June, 2009 The PFA will pay full wages to players if Crouch does not before. Awaysaint, who were you told yesterday when you said you'd just been told who the money man was?
stevegrant Posted 26 June, 2009 Posted 26 June, 2009 Selling season tickets would probably be classed as an implicit forward-looking financial/viability statement. While it's parent company is in administration and, clearly SFC is currently insolvent, this would put the directors of SFC on a rather dodgy platform legally That's where the problem is I reckon. SFC itself is only currently insolvent because they've closed off their only revenue stream over the summer... chicken and egg situation.
Webby Posted 26 June, 2009 Posted 26 June, 2009 I would have thought they could sell DMG or Surman, maybe cutprice, very easily. Cutprice? Never heard of him.
foghorn Posted 26 June, 2009 Posted 26 June, 2009 I still don't understand this. Couldn't they make it explicit that the season ticket had this condition by, say, putting in very big, bold letters on the marketing material "BUY AT YOUR OWN RISK, WE MAY NOT BE ABLE TO COMPLETE ANY OR ALL OF OUR FIXTURES". Seems we have foregone c. £2m in revenue by not selling STs, so I guess there must be an absolutely compelling reason. How many tickets would you buy with those conditions?
Wildgoose Posted 26 June, 2009 Posted 26 June, 2009 Sadly, this seems to be descending into a complete circus.....hard to believe this is all happening!
thorpie the sinner Posted 26 June, 2009 Posted 26 June, 2009 10,000 season tickets at £300 = £3m; that covers the wage bill for about 6 months (probably longer with the likes of Euell, Dyer, Wright-Phillips, John, Rasiak and possibly Davis gone). Add matchday sales (say 5000 @ £20) and that's £100k per home game, roughly another £200k per month if you assume we generally have two home games per month. That then gives the club a massive amount of breathing space in which to conclude a takeover deal, and if we're still struggling by January then any player with any sort of value gets sold for whatever price someone's willing to pay. There is absolutely no way we should be in the position where, in a week's time, the football club could cease to exist. Spot on Steve, I have been thinking the same thing for weeks!
aintforever Posted 26 June, 2009 Posted 26 June, 2009 The PFA will pay full wages to players if Crouch does not before. Not unless SFC is put into administration, I believe.
JustMike Posted 26 June, 2009 Posted 26 June, 2009 Tough call but it's no different than BA workers working for a month without pay. May be some high paid footballers can too so the regular staff and scholars can be paid. very different imo. BA staff were asked to volunteer. Our lot have already worked the month and are now being told to work another week with nothing..jog and on is what i would be saying to him
saintjay77 Posted 26 June, 2009 Posted 26 June, 2009 I still don't understand this. Couldn't they make it explicit that the season ticket had this condition by, say, putting in very big, bold letters on the marketing material "BUY AT YOUR OWN RISK, WE MAY NOT BE ABLE TO COMPLETE ANY OR ALL OF OUR FIXTURES". Seems we have foregone c. £2m in revenue by not selling STs, so I guess there must be an absolutely compelling reason. they could even have offered half season tickets on the same basis. It would have put enough dosh in the bank to tick over paying the staff and so on and if the club folded those that bought a half season ticket would not have lost as much. Automatic option to upgrade to a full ST should the club get taken over. How much would a ST cost in league 1 do we think? £300 - £400? So £150 or £200 on what is more than likly the seat you were going to buy anyway which also buys the club the time it needs is not such a bad idea IMO. Get it done Fry!
AK Posted 26 June, 2009 Posted 26 June, 2009 It has to be. The lawyers for SLH/Administrator will, under Law Society guidelines, only allow one contract to be out with one party at a time, IMHO... You can issue a second contract without recalling the first ( which could be done instantaneously any way ) as long as you notify all parties that there is more than one contract issued.
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