RoswellSaint Posted 11 August, 2008 Share Posted 11 August, 2008 If the proposed takeover wasn't about to happen and proved as such the banks may have called the loan in by now, although I can't prove as such But it has been "about to happen" for almost 6 months and that's just the Fulthorpe one. Or is this yet another one for us to get excited about? Link to comment Share on other sites More sharing options...
TheSaint75 Posted 11 August, 2008 Share Posted 11 August, 2008 Is the main man in town yet? Which main man is that?? Link to comment Share on other sites More sharing options...
derry Posted 11 August, 2008 Share Posted 11 August, 2008 Sky actually said there was conjecture in the media. I personally think it's time for any takeover to happen now before continuous rumours damage our season. Otherwise leave the club to get on with the football. If Fulthorpe has the interests of the club as a priority the consortium should either now close the deal or push off. They have had long enough, the football is the priority now. Link to comment Share on other sites More sharing options...
Weston Saint Posted 11 August, 2008 Share Posted 11 August, 2008 Which main man is that?? Ah, thought you might know that. Never mind. My information may be wrong Link to comment Share on other sites More sharing options...
buctootim Posted 11 August, 2008 Share Posted 11 August, 2008 Which main man is that?? Ambani. Trousers has confirmed it as 100% fact and that he is sailing up the Solent as we type. At least thats what I inferred from his earlier post Link to comment Share on other sites More sharing options...
trousers Posted 11 August, 2008 Share Posted 11 August, 2008 Ambani. Trousers has confirmed it as 100% fact and that he is sailing up the Solent as we type. At least thats what I inferred from his earlier post I didn't think the Abani's yacht purchase had gone through yet....you must be more ITK than me.... http://www.livemint.com/2008/07/20232439/Tina-Ambani-to-buy-100m-luxury.html Mumbai: Tina Ambani, wife of billionaire Anil Ambani, who leads the Reliance Anil Dhirubhai Ambani Group, or R-Adag, is buying a yacht worth nearly Rs200 crore ($46.8 million). The former Bollywood actor has chosen a 100m-long yacht that can host at least 20 people besides the crew, said a person familiar with the development. She has also applied for membership at the 161-year-old, Mumbai-based Royal Bombay Yacht Club, or RBYC. Owning a luxury yacht is not new to Indian businessmen or companies. Vijay Mallya, chairman of the UB Group with interests in liquor and aviation; Gautam Singhania, chairman of textiles firm Raymond Ltd; the Bajaj Group that owns auto and financial services companies, the Indiabulls Group that owns brokerage and realty firms, the Godrej Group that has interests in products ranging from soaps to vaults, and auto maker Mahindra and Mahindra Ltd, among others own such luxury boats. An email Mint sent to the executive assistant of Tina Ambani remained unanswered and an R-Adag spokesperson said he could not comment. “She had applied for a membership some time back,” said RBYC secretary Suresh Kumar. “We are processing her request and she will get a membership shortly. However, I am not aware about her yacht-buying plans.” An RBYC membership enables an individual or company to enjoy various sailing and training programmes the club undertakes. The club also offers maintenance support and anchor space. Ambani’s yacht is “special.” “She is looking at a larger version of a luxury boat that can be used for long cruises with multiple cabins and plush interiors,” said the same person who did not wish to be identified. Going by the technical specifications revealed by this person, Ambani’s yacht will be like Mallya’s 95m Indian Empress, which is powered by three 10,000hp engines. Incidentally, Anil Ambani’s estranged elder brother and chairman of India’s largest private company Reliance Industries Ltd, Mukesh Ambani, had gifted his wife Nita Ambani a luxurious Airbus 319 corporate jet worth nearly Rs250 crore last year. Last week, Forbes magazine named Tina Ambani as one of the 10 billionaires’ wives who have impressive independent credentials. In 2004, she founded the Harmony for Silvers Foundation, a non-government organization that works towards improving the life of old people. The Harmony Interactive Centre, operating since May 2004, provides an opportunity for senior citizens or “silvers” to interact with their peers in a space of their own and also aims at educating the general public about issues the elderly face. Her husband, Anil Ambani, is the sixth wealthiest person in the world and founder of R-Adag that has a net worth of Rs55,000 crore. “I cannot comment on Tina Ambani buying a super yacht. If it is a super yacht, it will be an exceptional buy,” said Shakeel Kudrolli, managing director of Acquasail Pvt. Ltd that represents Chantiers Beneteau SA, a leading yacht company. “But I can only say that India is increasingly catching up with the US and Europe when it comes to buying specialized yachts. It is not uncommon that high networth individuals buying yachts after owning other premium products such as a BMW and other pricy possessions,” he said. Kudrolli, who has been into sailing for the past 35 years and launched the part ownership concept in yachts, said that companies are buying more sophisticated sports-cum-leisure boats to offer special hospitality to their premium customers instead of taking them to conventional five-star hotels. “Some of the corporations are buying yachts for meetings and leisure activities for internal teams, while some are using sailing as team-building exercise,” he said. Link to comment Share on other sites More sharing options...
bridge too far Posted 11 August, 2008 Share Posted 11 August, 2008 So is it Mukesh or Anil who is buying us? Why on earth would the world's 4th richest man (according to the Forbes list) buy l'il ol' us? Link to comment Share on other sites More sharing options...
Fowllyd Posted 11 August, 2008 Share Posted 11 August, 2008 If the proposed takeover wasn't about to happen and proved as such the banks may have called the loan in by now, although I can't prove as such Highly unlikely I'd have thought. What would either of our major creditors get by calling in the debts? Norwich Union would get a football stadium - really useful asset for them - and Barclays would get bog all. Link to comment Share on other sites More sharing options...
OldNick Posted 11 August, 2008 Share Posted 11 August, 2008 Is that out of 5, 10 or 100??we could with an honesty scale against posts The Amesbury Saint scale. 5 - from an excellent source who is never wrong 4 - from a good source who is rarely wrong 3 - from a souce who is occassionally right 2- from the taxi driver / mate down the pub 1- I made it up. I believe that something is going on in the 3.9-4mark Link to comment Share on other sites More sharing options...
derry Posted 11 August, 2008 Share Posted 11 August, 2008 What is obvious, is that the people trying to set up a takeover, themselves don't have the money. If they had it would have happened. Raising third party money no matter on what basis, interest or property developments demands a return. Who in their right mind would see a return in this football club. Massive ongoing investment would be required to even survive in the premiership let alone get there. Link to comment Share on other sites More sharing options...
TheSaint75 Posted 11 August, 2008 Share Posted 11 August, 2008 Highly unlikely I'd have thought. What would either of our major creditors get by calling in the debts? Norwich Union would get a football stadium - really useful asset for them - and Barclays would get bog all. Can't comment really, maybe to force a hand, I don't know? Link to comment Share on other sites More sharing options...
Snowballs2 Posted 11 August, 2008 Share Posted 11 August, 2008 Highly unlikely I'd have thought. What would either of our major creditors get by calling in the debts? Norwich Union would get a football stadium - really useful asset for them - and Barclays would get bog all. As Wimbledon moved their franchise to Milton Keynes...is it beyond the realms of possibility that Norwich Union could sell our stadium to ...Portsmouth. ? Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 11 August, 2008 Share Posted 11 August, 2008 As Wimbledon moved their franchise to Milton Keynes...is it beyond the realms of possibility that Norwich Union could sell our stadium to ...Portsmouth. ? That scares me as much as the lesbo Skates I saw on the tube yesterday!! Link to comment Share on other sites More sharing options...
TheSaint75 Posted 11 August, 2008 Share Posted 11 August, 2008 As Wimbledon moved their franchise to Milton Keynes...is it beyond the realms of possibility that Norwich Union could sell our stadium to ...Portsmouth. ? As much chance of that as P*mpey building their own I suppose Link to comment Share on other sites More sharing options...
Fowllyd Posted 11 August, 2008 Share Posted 11 August, 2008 As Wimbledon moved their franchise to Milton Keynes...is it beyond the realms of possibility that Norwich Union could sell our stadium to ...Portsmouth. ? Personally, I think it probably is. Link to comment Share on other sites More sharing options...
dubai_phil Posted 11 August, 2008 Share Posted 11 August, 2008 What is obvious, is that the people trying to set up a takeover, themselves don't have the money. If they had it would have happened. Raising third party money no matter on what basis, interest or property developments demands a return. Who in their right mind would see a return in this football club. Massive ongoing investment would be required to even survive in the premiership let alone get there. This bugs me as well. The fans on here go into meltdown every time there is a comment or suggestion about Rupert having paid dividends, or hopes to become profitable so he can pay dividends. So what do they THINK a new investor will want? The consortium don't have any money so THEY have to BORROW it. Sure they bring in a "person with money" but why would that guy/gal NEED the consortium members. Just PM anyone on here and we could easily give them the phone # for SMS so they could talk to Rupes or MW direct, without the hangers on. Doesn't stack up. The investors need to put in 12mil to buy us, PLUS security to placate Norwich Union and Barclays,something like 30mil, if they kept it and put that in the bank they would make 4% a year - they'd LOSE around 1.2million in interest. We are moaning AND we know we are struggling to make enough savings to become at least ALMOST financially stable so where on EARTH are we going to find the EXTRA savings we need to give a return on this "borrowed" or "leveraged" money. I'm sorry the consortium stuff still doesn't stack up, it works IF the local guys are acting as a (behind the scenes) tommac/lls - ie a facilitator for a deal, but the maths are just wrong and the finances are still wrong and the odds on adding ENOUGH players to our squad in 2 weeks to turn us into a promotion chaser just aren't worth a gamble. One guy, with money with an ego and a medium term plan I can accept that as being possible, and plausible. Borrowed money or one money man in a consortium of other guys who add what value exactly??? Nope can't see it, too many hands in the trough Link to comment Share on other sites More sharing options...
Snowballs2 Posted 11 August, 2008 Share Posted 11 August, 2008 Personally, I think it probably is. Don't kid yourself it would be cheaper for Portsmouth to buy a ready made stadium at a knock down price than to build one...stranger things have happened Link to comment Share on other sites More sharing options...
derry Posted 11 August, 2008 Share Posted 11 August, 2008 This bugs me as well. The fans on here go into meltdown every time there is a comment or suggestion about Rupert having paid dividends, or hopes to become profitable so he can pay dividends. So what do they THINK a new investor will want? The consortium don't have any money so THEY have to BORROW it. Sure they bring in a "person with money" but why would that guy/gal NEED the consortium members. Just PM anyone on here and we could easily give them the phone # for SMS so they could talk to Rupes or MW direct, without the hangers on. Doesn't stack up. The investors need to put in 12mil to buy us, PLUS security to placate Norwich Union and Barclays,something like 30mil, if they kept it and put that in the bank they would make 4% a year - they'd LOSE around 1.2million in interest. We are moaning AND we know we are struggling to make enough savings to become at least ALMOST financially stable so where on EARTH are we going to find the EXTRA savings we need to give a return on this "borrowed" or "leveraged" money. I'm sorry the consortium stuff still doesn't stack up, it works IF the local guys are acting as a (behind the scenes) tommac/lls - ie a facilitator for a deal, but the maths are just wrong and the finances are still wrong and the odds on adding ENOUGH players to our squad in 2 weeks to turn us into a promotion chaser just aren't worth a gamble. One guy, with money with an ego and a medium term plan I can accept that as being possible, and plausible. Borrowed money or one money man in a consortium of other guys who add what value exactly??? Nope can't see it, too many hands in the trough For those reasons I can't see it happening. We really need them to clear off ,so we can get on with playing football, without outside interference, causing problems for the coach and players. Planting rumours of Shearer, investment, etc is an unnecessary distraction. Link to comment Share on other sites More sharing options...
dubai_phil Posted 11 August, 2008 Share Posted 11 August, 2008 For those reasons I can't see it happening. We really need them to clear off ,so we can get on with playing football, without outside interference, causing problems for the coach and players. Planting rumours of Shearer, investment, etc is an unnecessary distraction. Which is why to me it all sounds like it smells a funny colour The only people I see who have anything to gain from "rumours that undermine" what is going on at SMS at the moment are one or other of the "old boards". The ex execs stirring the pot for some revenge motive or the crew who were getting investment in 6 months back in November. Hope I'm wrong but.... Link to comment Share on other sites More sharing options...
Fowllyd Posted 11 August, 2008 Share Posted 11 August, 2008 Don't kid yourself it would be cheaper for Portsmouth to buy a ready made stadium at a knock down price than to build one...stranger things have happened The price is hardly the issue here. To take your MK Dons example, that entailed moving a poorly-supported team with no ground to its name to a place 50 or so miles away. This meant a complete change, not just the same old Wimbledon playing elsewhere. If Gaydamak were to buy St Mary's from Norwich Union, he'd then have the rather interesting task of persuading Pompey supporters to go and watch their team playing in Southampton. I just don't think that's remotely credible. If our ground were somewhere else - Fareham for instance, or even Stoneham - this would be more plausible. But it isn't - it's smack in the middle of the city which Skates hate with a passion. Link to comment Share on other sites More sharing options...
Weston Saint Posted 11 August, 2008 Share Posted 11 August, 2008 This bugs me as well. The fans on here go into meltdown every time there is a comment or suggestion about Rupert having paid dividends, or hopes to become profitable so he can pay dividends. So what do they THINK a new investor will want? The consortium don't have any money so THEY have to BORROW it. Sure they bring in a "person with money" but why would that guy/gal NEED the consortium members. Just PM anyone on here and we could easily give them the phone # for SMS so they could talk to Rupes or MW direct, without the hangers on. Doesn't stack up. The investors need to put in 12mil to buy us, PLUS security to placate Norwich Union and Barclays,something like 30mil, if they kept it and put that in the bank they would make 4% a year - they'd LOSE around 1.2million in interest. We are moaning AND we know we are struggling to make enough savings to become at least ALMOST financially stable so where on EARTH are we going to find the EXTRA savings we need to give a return on this "borrowed" or "leveraged" money. I'm sorry the consortium stuff still doesn't stack up, it works IF the local guys are acting as a (behind the scenes) tommac/lls - ie a facilitator for a deal, but the maths are just wrong and the finances are still wrong and the odds on adding ENOUGH players to our squad in 2 weeks to turn us into a promotion chaser just aren't worth a gamble. One guy, with money with an ego and a medium term plan I can accept that as being possible, and plausible. Borrowed money or one money man in a consortium of other guys who add what value exactly??? Nope can't see it, too many hands in the trough Let's say that Fulthorpe has made enquiries with the local council regarding planning for the surrounding area and the hint is that it will be easier if any future includes ownership of the ailing football club. Fulthorpe is a Barrister specialising on planning. Cousins is a developer so has the ideas? Merrington is the football "expert" So their main aim is to save SFC but the development is the carrot to get big investors interested. I firmly believe they are facilitators (with a fat fee in mind) No different to LLS or Tommac but perhaps with more experience is the areas that matter. Like Derry says and you agree, it just does not stack up. Is a deal close or is it only at the promise and interest stage? The latter for me with a slow fizzle out. Link to comment Share on other sites More sharing options...
TheSaint75 Posted 11 August, 2008 Share Posted 11 August, 2008 It's strange that a thriving town/football team often seem to go hand in hand, I do believe that the profile of Southampton City has dropped significantly since relegation! Imagine getting 32k or more into SMS again each home game with an exciting mix of proven quality players and the crop of the best youngsters, then develop the area with bars restaurants a hotel etc. Add in Sky money, corporate hospitality, being able to tap into an academy of players either for income or to play, with that in place the financial backing to sustain all the above will be there. It will take a lot to turn the club/city into a thriving commercial area again but the rewards could be huge with the club as a center piece! Link to comment Share on other sites More sharing options...
scally Posted 11 August, 2008 Share Posted 11 August, 2008 Which is why to me it all sounds like it smells a funny colour The only people I see who have anything to gain from "rumours that undermine" what is going on at SMS at the moment are one or other of the "old boards". The ex execs stirring the pot for some revenge motive or the crew who were getting investment in 6 months back in November. Hope I'm wrong but.... You are a million miles off the mark, the people talking about this take over are Fulthorpe and Cousins, it has nothing to do with the old board or ex execs. Link to comment Share on other sites More sharing options...
saint_stevo Posted 11 August, 2008 Share Posted 11 August, 2008 Sky interviewed Poortvliet and mentioned us getting bought out........ huh?! Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 August, 2008 Share Posted 11 August, 2008 Let's say that Fulthorpe has made enquiries with the local council regarding planning for the surrounding area and the hint is that it will be easier if any future includes ownership of the ailing football club. Fulthorpe is a Barrister specialising on planning. Cousins is a developer so has the ideas? Merrington is the football "expert" So their main aim is to save SFC but the development is the carrot to get big investors interested. I firmly believe they are facilitators (with a fat fee in mind) No different to LLS or Tommac but perhaps with more experience is the areas that matter. Like Derry says and you agree, it just does not stack up. Is a deal close or is it only at the promise and interest stage? The latter for me with a slow fizzle out. Except it hasn't fizzled out for six months! Is it the same person feeding stuff to the media yet doing nothing? Link to comment Share on other sites More sharing options...
Weston Saint Posted 11 August, 2008 Share Posted 11 August, 2008 (edited) Except it hasn't fizzled out for six months! Is it the same person feeding stuff to the media yet doing nothing? I said slow I believe it is ******* feeding but it is my opinion based on something I was told in May, not a known fact Edited 11 August, 2008 by Weston Saint Best the name is left off Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 August, 2008 Share Posted 11 August, 2008 You are a million miles off the mark, the people talking about this take over are Fulthorpe and Cousins, it has nothing to do with the old board or ex execs. Who were linked with Crouch et al..... Link to comment Share on other sites More sharing options...
JustMike Posted 11 August, 2008 Share Posted 11 August, 2008 Sky interviewed Poortvliet and mentioned us getting bought out........ huh?! when was this? Link to comment Share on other sites More sharing options...
up and away Posted 11 August, 2008 Share Posted 11 August, 2008 It's strange that a thriving town/football team often seem to go hand in hand, I do believe that the profile of Southampton City has dropped significantly since relegation! Imagine getting 32k or more into SMS again each home game with an exciting mix of proven quality players and the crop of the best youngsters, then develop the area with bars restaurants a hotel etc. Add in Sky money, corporate hospitality, being able to tap into an academy of players either for income or to play, with that in place the financial backing to sustain all the above will be there. It will take a lot to turn the club/city into a thriving commercial area again but the rewards could be huge with the club as a center piece! This just does not add up. Why does the club need to be the centre piece? There is no financial or local issue that brings this into play. The council will bend over backwards to redevelop the area with or without the club being involved. Financially, it makes so much more sense not to have the club tied to the project than imagination can extend. Then the small fact that investors would be required to plough their hard earned into the football club even before the profitable bit, otherwise the club would see no money for a long time in the future. Football clubs are the Mints equivalent for investors, of what to do with old bank notes. I would not say we don't need investment and should not upset the Dutch revolution already started, because financial pressures will bring that to it's knees the way things are heading at the moment. But someone coming in just to saddle us with more debt with greater fiscal responsibility is just nuts in this division. Far better off to negotiate with the threat of administration over our lenders than that avenue. Link to comment Share on other sites More sharing options...
saint_stevo Posted 11 August, 2008 Share Posted 11 August, 2008 when was this? about 5.40ish Link to comment Share on other sites More sharing options...
benjii Posted 11 August, 2008 Share Posted 11 August, 2008 (edited) If the proposed takeover wasn't about to happen and proved as such the banks may have called the loan in by now, although I can't prove as such They can't call the bond (loan) in without an event of default. If there had been a default we would have (probably) heard. Barclays could demand repayment of the overdraft though if they wanted. This is benjii's small attempt at making The Takeover Thread a teeny bit factual. Edited 11 August, 2008 by benjii Link to comment Share on other sites More sharing options...
TheSaint75 Posted 11 August, 2008 Share Posted 11 August, 2008 This just does not add up. Why does the club need to be the centre piece? There is no financial or local issue that brings this into play. The council will bend over backwards to redevelop the area with or without the club being involved. Financially, it makes so much more sense not to have the club tied to the project than imagination can extend. Then the small fact that investors would be required to plough their hard earned into the football club even before the profitable bit, otherwise the club would see no money for a long time in the future. Football clubs are the Mints equivalent for investors, of what to do with old bank notes. I would not say we don't need investment and should not upset the Dutch revolution already started, because financial pressures will bring that to it's knees the way things are heading at the moment. But someone coming in just to saddle us with more debt with greater fiscal responsibility is just nuts in this division. Far better off to negotiate with the threat of administration over our lenders than that avenue. Do you not think that if 32k+ people coming to a specific area will attract income to that area, add to that the possibility of a conference center & concerts at SMS. I'm not stating this as fact I just think bringing a large volume of people in will certainly aid a new developments success. Look at Ocean Village or Town Quay, they never really took off in a big way but if you are getting an extra 30-40k people in it makes it a better prospect. It maybe the case that the football club is part of the development company and the two may finance each other and not be mutually exclusive. Link to comment Share on other sites More sharing options...
up and away Posted 11 August, 2008 Share Posted 11 August, 2008 Do you not think that if 32k+ people coming to a specific area will attract income to that area, add to that the possibility of a conference center & concerts at SMS. I'm not stating this as fact I just think bringing a large volume of people in will certainly aid a new developments success. Look at Ocean Village or Town Quay, they never really took off in a big way but if you are getting an extra 30-40k people in it makes it a better prospect. It maybe the case that the football club is part of the development company and the two may finance each other and not be mutually exclusive. How exactly does a football crowd coming in on match days add to the local economy, except burgers and programmes? Most prefer to do their socialising in town on match days, as with most other clubs. When you have so many travelling together it is difficult to see much of the surroundings, you definitely don't stop and linger with that sort of volume moving in one direction. I don't say it is totally impossible, but am racking my memory where this has worked previously with a similar situation such as Saints? The club is restricted in how it can generate revenue from non footballing aspects by the council, but there is definite room for improvement in such enterprises as conferences. But again St Mary's will never be for the big ones due to their covered capacity and location, especially when you look at the competition they are going up against. You only have to look at the money Pompey and ManC have thrown at the football, just to be away from the relegation scrap, to see this can realistically never make a profit. Link to comment Share on other sites More sharing options...
benjii Posted 11 August, 2008 Share Posted 11 August, 2008 Has anyone considered this could be the fruits of the fact-finding trip to Barcelona BY ANY MEANS POSSIBLE?? Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 August, 2008 Share Posted 11 August, 2008 Has anyone considered this could be the fruits of the fact-finding trip to Barcelona BY ANY MEANS POSSIBLE?? Lol. It's a real possibility. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 11 August, 2008 Share Posted 11 August, 2008 Let's say that Fulthorpe has made enquiries with the local council regarding planning for the surrounding area and the hint is that it will be easier if any future includes ownership of the ailing football club. Fulthorpe is a Barrister specialising on planning. Cousins is a developer so has the ideas? Merrington is the football "expert" So their main aim is to save SFC but the development is the carrot to get big investors interested. I firmly believe they are facilitators (with a fat fee in mind) No different to LLS or Tommac but perhaps with more experience is the areas that matter. Like Derry says and you agree, it just does not stack up. Is a deal close or is it only at the promise and interest stage? The latter for me with a slow fizzle out. I think you will find that he is not a developer but is involved in tele-communications. Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 August, 2008 Share Posted 11 August, 2008 I think you will find that he is not a developer but is involved in tele-communications. Better than photocopier salesman at any rate! Link to comment Share on other sites More sharing options...
Delmary Posted 11 August, 2008 Share Posted 11 August, 2008 I think you will find that he is not a developer but is involved in tele-communications.Mark Wayman is another named director of Asturius Hospitality limited. Any idea who he is? There is a famous Mark Wayman (The god father) who's big in Vegas. Link to comment Share on other sites More sharing options...
buctootim Posted 11 August, 2008 Share Posted 11 August, 2008 Mark Wayman is another named director of Asturius Hospitality limited. Any idea who he is? He's going to be a key figure in the Fulthorpe Saints catering revolution. Link to comment Share on other sites More sharing options...
hackedoff Posted 11 August, 2008 Share Posted 11 August, 2008 It's strange that a thriving town/football team often seem to go hand in hand, I do believe that the profile of Southampton City has dropped significantly since relegation! Imagine getting 32k or more into SMS again each home game with an exciting mix of proven quality players and the crop of the best youngsters, then develop the area with bars restaurants a hotel etc. Add in Sky money, corporate hospitality, being able to tap into an academy of players either for income or to play, with that in place the financial backing to sustain all the above will be there. It will take a lot to turn the club/city into a thriving commercial area again but the rewards could be huge with the club as a center piece! From the football side of things,we had all that; but it got p*ssed away. Link to comment Share on other sites More sharing options...
Delmary Posted 11 August, 2008 Share Posted 11 August, 2008 He's going to be a key figure in the Fulthorpe Saints catering revolution.But I wouldn't recommend the meat dish:) Link to comment Share on other sites More sharing options...
mynameisthehulk Posted 11 August, 2008 Share Posted 11 August, 2008 Fishing for the best prices Scott Gormley, Mail on Sunday 29 November 2000 Mark Wayman loves trawling for money. And he knows where £90m of it sank without trace last year. The cash could have gone to 60,000 endowment policyholders - but they did not know it was there, just waiting to be netted. Wayman, an independent broker in the traded endowment policies market, says: 'I talk to many people who surrendered policies to their insurance companies and lost sizeable sums because they had not heard of TEPs.' After 27 years as an independent financial adviser, he set up his own company, Endowment Surrender Plus, 15 months ago. 'I'd known about trading endowments for some time, but I came into the business when a client wanted to sell a policy,' says Wayman, 47. 'I was astounded at the difference between offers and recognised the need for someone who could fish for the best prices. Now that is the only thing I do.' The whole business of selling and buying with-profits endowment policies began more than 150 years ago. As recently as 1989, total turnover was only £5m - but last year the TEPs market was worth more than £400m, and it continues to boom. In contrast, new endowment policies are becoming as rare as North Sea cod because of past misselling scandals and, more recently, warnings of shortfalls in maturity values. Despite the success of the TEPs market, one industry estimate is that only about one in three suitable policies is offered for sale. Up to £700m worth of potentially tradeable policies are surrendered to the insurance companies that issued them. Every year, about 60,000 people surrender policies and miss the chance to sell them for an average of up to £1,500 more. Selling a policy keeps it a tradeable asset. The advantage to a buyer is that as long as they go on paying the premiums, they hold an endowment with start-up costs already paid, and the full benefits when it matures. From his office in Macclesfield, Cheshire, Wayman sends details of endowments that clients want to sell to 15 members of the Association of Policy Market Makers and the Association of Policy Traders to find the best prices. His commission, usually 3%,is paid by marketmakers, who also pay all the legal and administration fees. Wayman admits that not every surrender value can be beaten. But he says that between 10% and 40% more is achievable on most offers - and on some policies the gain can be more than 70%. 'It's all down to pure mathematics and common sense,' he says. 'The sum assured is guaranteed and so is the bonus to date. The only risks are in future reversionary bonuses and the terminal bonus, which can make up more than 60% of a policy's maturity value. That's why surrender value is rarely the true value.' http://www.endowmentsurrenderplus.co.uk/ Sell your endowment, don't surrender! Click here for a free quotation. Our principal - Mark Wayman has over 35 years experience in financial services and for the last eight years has specialised exclusively in Traded Endowment Policies. http://www.creditgate.com/companysearch/BECQUE+WAYMAN+INVESTMENTS+LIMITED.aspx Link to comment Share on other sites More sharing options...
Delmary Posted 11 August, 2008 Share Posted 11 August, 2008 The full list of named Asturius Group directors: Mark Wayman John Cousins Maria Thompson David Merrington Andrew Sprott Dr Gregory Warner Edmund c Whelan Ronald Strange (resigned) Link to comment Share on other sites More sharing options...
Latheal Posted 11 August, 2008 Share Posted 11 August, 2008 about 5.40ish Just saw this myself, at just before 9ish. I normally just observe these threads (got burnt myself during the Allen rumours by believing somebody who I knew to be ITK only for it all to go to pot) but Sky don't normally comment on stuff that is purely rumour. What the hell is going on? Link to comment Share on other sites More sharing options...
saint lard Posted 11 August, 2008 Share Posted 11 August, 2008 about 5.40ish I too saw this interview,JP just stated it was not down to him reference takeover/investment and off field matters so he leaves that to others,pretty bog standard reponse to the interviewer doing some digging.IMO. Rumour does seem to be gathering momentum and interest from various parties in the media. Link to comment Share on other sites More sharing options...
Weston Saint Posted 11 August, 2008 Share Posted 11 August, 2008 The full list of named Asturius Group directors: Mark Wayman John Cousins Maria Thompson David Merrington Andrew Sprott Dr Gregory Warner Edmund c Whelan Ronald Strange (resigned) I believe Dr Warner was an assistant doctor working at SMS but left during the Burley era. Link to comment Share on other sites More sharing options...
jimmysaint7 Posted 11 August, 2008 Share Posted 11 August, 2008 do we actually know what this company do? Link to comment Share on other sites More sharing options...
thelamprey Posted 11 August, 2008 Share Posted 11 August, 2008 Liverpool in the 80s. Hardly a thriving city So who is feeding the media...are you saying Diggers is a plant? Wasnt Cousins involved in selling telecommunications but is now in the development biz? (good timing) Link to comment Share on other sites More sharing options...
puff the magic dragon Posted 11 August, 2008 Share Posted 11 August, 2008 Maria Thompson. Any relation to Paul Thompson the millionaire owner of Sanderson electronics and ex director at Saints? Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 August, 2008 Share Posted 11 August, 2008 Maria Thompson. Any relation to Paul Thompson the millionaire owner of Sanderson electronics and ex director at Saints? I wondered that as well. Link to comment Share on other sites More sharing options...
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