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Posted

Saints just on SSN, no mention of PC.

 

Just had another text saying Pinnacle have taken over. If nothing happens at 2pm I am so so so sorry. I'll be back on at 3pm to take abuse.

Posted
Saints just on SSN, no mention of PC.

 

Just had another text saying Pinnacle have taken over. If nothing happens at 2pm I am so so so sorry. I'll be back on at 3pm to take abuse.

i think you need to cancel any texts from that person. Who heard it on 5live?
Posted

Solent are suggesting the meeting between Pinnacles lawyers and the administrator is to do with meeting yesterday with the FL,the 10 point deduction is the issue.

Tony Lynam sounding like its no longer in his hands.

Re-negotiating the price by sounds of it.

Posted
I suspect someone's having a laugh at your expense...

 

This guy wouldn't, he's saints through and through and feels the same as us all, fed up and peed off. Although someone could be having a laugh at his expense.

Posted
Solent are suggesting the meeting between Pinnacles lawyers and the administrator is to do with meeting yesterday with the FL,the 10 point deduction is the issue.

Tony Lynam sounding like its no longer in his hands.

Re-negotiating the price by sounds of it.

 

Looking for a reduction as mentioned in one of my posts?

Posted

Oh I am so sick and tired off this, I tend to think, everything is the final straw for me.

Leave this too late & we will have run out of time to truely prepare to hit the ground running, so if this -10 is the issue, it should now be soley concentrating on getting a team and coaching staff in place!

Posted
it will happen on Friday....mark my words. I know MLT said Tuesday, but if I was going to spend a few million and I knew the creditors weren't overwhelemed with options, I too would leave it until the last minute to leverage the best price.

 

I have to agree with you 100% Mouldy.

 

Do you still have connections with Pinnacle?

Posted

I have just been told on good authority that Pinnacle have pulled out.

 

 

The source.....our postie.

 

Had enough of this....need to start working and not looking at this forum all the time before I go into administration.

Posted
I have just been told on good authority that Pinnacle have pulled out.

 

 

The source.....our postie.

 

Had enough of this....need to start working and not looking at this forum all the time before I go into administration.

 

Bl00dy Hell the postie was right....

Posted

If that is the case that Pinnacle have pulled out then its the end of a the road. I think MLT may have been taken in and let his heart rule his head, Pinnacle have just waisted over four valuble weeks in the future of our club. The 10 point deduction for next season was there for all to see so why the feck did they get involved in the first place. IMO they did not have the funds to back the bid and have used the points deduction as a get out of jail free card.

Posted

Devastated, I firmly believe its the PLC status that will finally kill off the club, and that its more that the 10 points that are the source of the 'legal wrangles' If the previous board had taken the points hit earlier when it was obvious or at least it should of been to the finance director that the money was about to run out then the picture would of been clearer but that water under the Itchen Bridge.

 

Whether its money not in place or the fact that SFC can't satisfy the CVA requirements of the FL , the fact that the club is now disposing of players has to make the value of the purchase lower, just as if you bid for a car then discover the seller has removed the alloy wheels and tyres and not replaced them.

 

I don't believe its a bargaining tactic, but now we need answers such as

 

who put up the exclusivity money?

 

what are the legal issues?

 

was it the purchase of assets or the PLC

 

the FL's terms?

 

and can the club function as it is?

 

do we take the further points penalty or does the club fold?

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