Businesses 'unaware' of Saints takeover

[Master Bates]

Was reading an article in the Business section of todays Echo about suppliers and local businesses asking the club to provide credit checks etc as they think we're still poor :smt081

 

It's on the website now however can't get the link as the site keeps crashing.

[Master Bates]

http://www.dailyecho.co.uk/business/4548916.Businesses__unaware__of_Saints_takeover/

[Ivan Katalinic's 'tache]

Don't they read this forum???

[S-Clarke]

...''“There are new owners, a new executive chairman. All our previous debts have been paid off and we are able to operate as a business in good health once again,”''

 

Should make that a sticky...good read.

[Maddog24g]

Maybe some of these were creditors who didn't get paid in full after administration. Can't blame them for not wanting to get left holding the bag again after what went on just recently

[krissyboy31]

Misleading title TBH. Many of the businesses, small suppliers etc. probably lost money when SLH went into administration, some as creditors having to take a small percentage of what they were owed after Fry had divided up the pot of money. They are now looking after their own interests and ensuring that that will not happen again.

 

In any case, any new firm requiring credits terms from a supplier would have to go through similar financial checks and as Cortese says, SFC are now a new company.

[EastleighSoulBoy]

Maybe some of these were creditors who didn't get paid in full after administration. Can't blame them for not wanting to get left holding the bag again after what went on just recently

 

Misleading title TBH. Many of the businesses, small suppliers etc. probably lost money when SLH went into administration, some as creditors having to take a small percentage of what they were owed after Fry had divided up the pot of money. They are now looking after their own interests and ensuring that that will not happen again.

 

In any case, any new firm requiring credits terms from a supplier would have to go through similar financial checks and as Cortese says, SFC are now a new company.

 

Exactly my thoughts.