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MLT and Pinnacle withdraw


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wait for "its all the fl's fault"

 

No doubt that will happen, however, the FL will have had a hand in it that is definate. If you committ a crime then you have the right to appeal, Mawhinney holds himself up higher than the law of the land, Q.E.D. their stubborn attitude could or probably has had a say in what we are hearing today, that is a fact that no one can deny.

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I think the reason was that the FL were going to add on a another -15 point penalty over the SLH issue.

 

Now that Pinnacle are out of it, if a new bidder comes in and accepts immediately that the Club is in admin (putting aside the argument of whether or not it actuallly is for the moment), would this not then remove that obstacle, if indeed that is what this is all about?

 

I don't blame MLT for 1 second in any of this

COYR

 

I honestly cant see anyone wanting to pay 15mil for the club with these conditions. Its probably worth about 30 quid now.

 

Now on SSN site too

 

http://www.skysports.com/story/0,19528,11700_5407649,00.html

 

kin tossers!

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I have to say, I actually admire the blind optimism of some people on here. It has been obvious for at least five days, and a lot longer than that in hindsight, that this bunch of clowns/crooks had 0% chance of buying the club. But to have such faith that you, still, think there might be a bright side, amazing. In all sincerity, I wish I wasn't so cynical.

 

Anyway, with any luck Lynam may be facing some serious time in jail!

 

I still can't believe some people are blaming the FL or banging on about an extra 15 points. We *know* what happened. We *know* that was all a ruse to buy more time and find another backer after the original group pulled out (presumably because they sensed Lynam was a delusional, paranoid, self-obsessed small-time charlatan).

 

Questions do remain as to how Fry was strung along for so long, and even more so, tragically, why Matty even yesterday was still trotting out the party line. He must feel so let down, but really, could he not see that it had all fallen apart?

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so fry can begin his winding up now...

 

all players released (except youth) and staplewood sold to barrett homes or someone similar...

 

maybe council will step in and buy the stadium (well service the debt anyway) if we're lucky so we'll have something left to rebuild with in the Blue Premier...

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I am not surprised one iota.

Pinnacle appeared to be quite serious initially,obviously.

I think this enthusiasm soon began to dissapear,possibly because the "new money man" Fialka was full of **** and wind,and this became apparent to MLT,eventually.

Matt, i think you were taken in,hook line and sinker.

 

The league have not come out of this fiasco at all well either,fecked up the -10 ruling,and now maywell be trying to put in place other sanctions against us......this is just the excuse for Pinnacle to bail out.

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And I was so looking forawrd to tucking into that Humble Pie. Seriously, a glib comment but a serious point.

 

This is the the news we all saw coming, but NONE of us wanted.

 

We been played again chaps.

 

To be honest. I give up.

 

SFC doesn't deserve this, but then it doesn't deserve fans as passionate as you lot either.

 

You're right. When Fialka was wheeled out my brain kept waiving a large red flag which my heart tried its best, but not very successfully to ignore. There was never any money there and a lot of people have been taken to the cleaners. Poor Leon Crouch if as the rumours have it he put up the £500K.

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Any proper businessman would do the same. Pressure is on the seller. The buyers are looking for a lower price. Its so common in business to scare them last min. I full expect them to come back in and buy for less.

 

Dillusional post of the year?

 

Lower prices below break up value = break up, this is cash not sentiment. Aviva shareholders could start a class action against the administrator if a deal he concludes results in a figure below firesale.

I have no idea nor does any one else in reality what the numbers are, but I would hazard a guess that no one is walking in without paying 10m to Aviva and then having to pay some creditors, so a 12-14m package.

 

Anything less than that just isn't going to happen.

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Dillusional post of the year?

 

Lower prices below break up value = break up, this is cash not sentiment. Aviva shareholders could start a class action against the administrator if a deal he concludes results in a figure below firesale.

I have no idea nor does any one else in reality what the numbers are, but I would hazard a guess that no one is walking in without paying 10m to Aviva and then having to pay some creditors, so a 12-14m package.

 

Anything less than that just isn't going to happen.

 

Is a firesale really worth £10m to Aviva?

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I am very sorry about this but it was inevitable after the no money money man idiot Fialka did that ridiculous interview on SSN last week. It was clear the backer, if they ever had one, had done a runner and no amount of PR bull**** from Mr Lynam was ever going to paper over the funding cracks or in this case chasm. I am sure that Mr Lynam put this effort in for the right reasons but as a chancer and as obvious to anyone who has purchased a company, a complete amateur it was doomed to failure. Unfortunately everyone now knows who he is where he lives and works and he may find his customers drying up which is a shame. It just goes to prove that you should never promise what you cannot deliver ad if in doubt keep quiet and not make statements which clearly emanate from your backside.

Edited by LostBoys
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Tony Lynham you're an absolute c**t.

 

To be fair Scott, its highly likely that posts like this one helped contribute to Pinnacle pulling out.

 

I hope some fans have learnt to shut up and let the process go on without stupid comment and criticism.

 

We just lost a perfect opportunity to sell the club to someone who could unite the fans and cared. Now we take what we get - we will be bought out.... but I hope some of the more impatient and negative posters on here can sleep tonight knowing they MIGHT just MIGHT have helped put off the best deal we could have possibly hoped for.

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My flatmate is a friend of Gordon Watson and Nigel Pearson (his son is being eyed up by Leicester apparently). He told me well over a week ago that from speaking to those two he had heard Pinnacle didn't have a pot in which to urinate. My blind faith and the fact that I did not want to be labelled a n0ob ITK tosser prevented me from posting anything on here or indeed believing this was true, however as soon as I saw the bizarre David Gest/comedy vampire hybrid visage of Michael Fialka my hopes were dashed and inner fears confirmed.

 

What a joke. Am going to stop at Aldi and buy a load of cheapo lager and get wasted tonight.

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To be fair Scott, its highly likely that posts like this one helped contribute to Pinnacle pulling out.

 

I hope some fans have learnt to shut up and let the process go on without stupid comment and criticism.

 

We just lost a perfect opportunity to sell the club to someone who could unite the fans and cared. Now we take what we get - we will be bought out.... but I hope some of the more impatient and negative posters on here can sleep tonight knowing they MIGHT just MIGHT have helped put off the best deal we could have possibly hoped for.

 

Utter, Utter bull. Total tripe.

 

The negativity has started since it became plain to see that TL was buying time and actually the 'consortium' didn't have a pot to **** in. i.e Tuesday nowards. Wheeling out some Barnet homeboy as the money man didn't particularly help.

 

I shall say again, if someone is put off by a few fans thoughts then they cannot have been that serious in the first place.

 

TL said a number of times they were going to see it through etc and he has plainly lied. And now i expect, gone into hiding. I for one will be playing every charity golf day i can to try to catch up with the bloke.....

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To be fair Scott, its highly likely that posts like this one helped contribute to Pinnacle pulling out.

 

I hope some fans have learnt to shut up and let the process go on without stupid comment and criticism.

 

We just lost a perfect opportunity to sell the club to someone who could unite the fans and cared. Now we take what we get - we will be bought out.... but I hope some of the more impatient and negative posters on here can sleep tonight knowing they MIGHT just MIGHT have helped put off the best deal we could have possibly hoped for.

 

:rolleyes::rolleyes::rolleyes:

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Is a firesale really worth £10m to Aviva?

 

We can only speculate about which asset and which charge is in which company, but if as I would presume SLH are the mortgagee, effectively Aviva would have presumably both a fixed charge on SMS and a floating charge on SLH, which would include Marchwood etc.

 

I am not an expert in land valuation, but I would be surprised if the combined sales of the real estate were not worth a figure in the region of 8-10m.

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This post is more out of blind faith than anything else but....

 

Pinnacle have pulled out the day Jackson does also. Are they paving the way for someone else or looking to drive the price down?

 

Welcome back Mr Lowe........that's just a frightening thought.

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I think the reason was that the FL were going to add on a another -15 point penalty over the SLH issue.

 

Now that Pinnacle are out of it, if a new bidder comes in and accepts immediately that the Club is in admin (putting aside the argument of whether or not it actuallly is for the moment), would this not then remove that obstacle, if indeed that is what this is all about?

 

I don't blame MLT for 1 second in any of this

COYR

i think that was the problem even mark fry said the football league added 6 pages of extra conditions at the last minute .

i expected it to go to friday anyway,

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More bad news for our prestigious club. FFS when can we see some GOOD news for a change......and how can a club like Skatemouth be in the premiership with financial clout...and us....well....think i'll just get stoned tonight and dream of the good old days....

 

bugger.

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I have to say, I actually admire the blind optimism of some people on here. It has been obvious for at least five days, and a lot longer than that in hindsight, that this bunch of clowns/crooks had 0% chance of buying the club. But to have such faith that you, still, think there might be a bright side, amazing. In all sincerity, I wish I wasn't so cynical.

 

Anyway, with any luck Lynam may be facing some serious time in jail!

 

I still can't believe some people are blaming the FL or banging on about an extra 15 points. We *know* what happened. We *know* that was all a ruse to buy more time and find another backer after the original group pulled out (presumably because they sensed Lynam was a delusional, paranoid, self-obsessed small-time charlatan).

 

Questions do remain as to how Fry was strung along for so long, and even more so, tragically, why Matty even yesterday was still trotting out the party line. He must feel so let down, but really, could he not see that it had all fallen apart?

 

 

I would love to hear the FL view on this. Something completely different no doubt, like find a proven backer.

 

As for Fry, he has some serious explaining to do.

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This post is more out of blind faith than anything else but....

 

Pinnacle have pulled out the day Jackson does also. Are they paving the way for someone else or looking to drive the price down?

 

exactly my opinion.

 

Have MJ and Pinnacle pulled out as they cannot match what the Swiss have offered therefore saving face?????

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MLT showed in his statement last week that he didn't really know what was going on and was just acting as a PR front. It is a shame that he allowed himself to be used as it was his name that made people feel that Pinnacle had some credability. It was always hard to see how he could chair the club with no business expeience and without control of the finances. The 10 point penalty was never a make or break issue and seems to have been latched onto as an excuse by Pinnacle.

According to the Echo there are still two horses in the race - The Swiss Group and the 'Overseas Consortium', but unless one of them pays for exclusivity, and very quickly, its hard to take them seriously. I wouldn't recommend any wrist-slashing until Friday, and even then, lets remember this is only football, there are other things in life.

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