If You Had To Bet On It,Will Saints End Up In Administration?

[Gemmel]

Apologies for another thread talking about administration, but the Stern John loan deal, seems to have fanned the flames, that we really are close to administration (Rightly or wrongly) yet Mike Wildes statement last week, seemed to suggest, we had steadied the ship and as long as we were cautious, we were ok. Is Administration around the corner?

 

1) Yes

2) No

3) Only if we get relegated

[Andy_Porter]

Yes.

 

[St Marco]

If we have to send a player out on loan because we cannot afford his appearence fee ,which cant be more then say 3k then we are in the ****. I think the games where we had 16k minus home attendence is now starting to take effect. I dont think the Lowe plan took into account what happens if people dont turn up and so because of these things i think if we dont sell either Davis,Lallana,Surman in January and we stay 1 place above the drop zone we will be in admin.

[EastleighSoulBoy]

Sadly a yes for me. I'd not bet on it though. i couldn't profit from Saints demise.

[exit2]

I'd have a bet on SJ scoring **** loads of goal for Bristol City too!

[Gemmel]

Sadly a yes for me. I'd not bet on it though. i couldn't profit from Saints demise.

 

ESB.... i didn't mean it like that, i could either, just talking hypothetically

[EastleighSoulBoy]

ESB.... i didn't mean it like that, i could either, just talking hypothetically

 

I guessed that mate, just making my point.

 

Boy am I gonna hit the cider when I get home, I'm really P155ed off!

[Roman]

Also yes - UNLESS someone can offer a single reason to believe the numbers can be made to add up.

 

I don't think I've read anything here or elsewhere that suggests that the damaging cutbacks by Lowe/Wilde are actually anywhere near enough. Reducing operating costs to the point where the overdraft stops ballooning seems well beyond even the most enthusiastic of corporate slash-and-burners.

 

It's a bit like reducing a matter of life and death to choosing your method of execution. (well not exactly like that...)

[Delmary]

Yes.

 

Our stadium running costs are killing us. Another club experiencing similar problems:-

 

http://www.clubcall.com/leicester-city/no-walkers-takeover-mandaric-803936.html

 

Mandaric added: "We're going to have huge losses because we have a big stadium, which is a tremendous asset when you're in the Premier League but a liability when you're in a lower division."

[John B]

As I dont know the figures I cannot really judge whether we will go into administration.

 

But it is now more probable than I thought back in July

 

We dont know what attendance figures were assummed but I would have thought that our actual figures are a lot less than were hoped for.

 

I also would have thought we needed to have sold two of Saga Rasiak Skacel and John to reduce the overdraft.

 

But who knows

[alpine_saint]

YES, and I'd love to know the reason why anyone was deluded enough to vote NO.

[Gemmel]

YES, and I'd love to know the reason why anyone was deluded enough to vote NO.

 

 

But we dont really know how close or we are or not .....we can guess, but that's all it is

[Rod Le Shearer]

I dont think so. Rupert is too shrewd,and wants to stave off administration whatever the costs .maybe we sell all our decent players come january/the summer,or/and get relegated..but Administration ? naaah.

 

worst case scenario is that we keep falling through the divisions until we are in the conference,but before we`d get that far a takeover would rescue us. IMO.

Edited 25 October, 2008 by Rod Le Shearer

[beatlesaint]

I do not think for one minute that people with money like Leon Crouch who support the Saints would let us fall into administration.

 

It may mean a further upheaval in the boardroom at the 11th hour with Lowe and Wilde forced to admit defeat but I cannot see administration happening.

 

The one thing I have never understood since RL and MW came back is that surely they have only come back to protect their shares (esp Lowe who is not as wealthy as Wilde) so if they let the club slip into administration wouldnt their shares be worth nothing at all ?

[Charlie2008]

Fair point beatle. Can't see it being allowed to happen myself

 

(+ we might win every game from here on in!!!!!!!?)

[mack rill]

I do not think for one minute that people with money like Leon Crouch who support the Saints would let us fall into administration.

 

It may mean a further upheaval in the boardroom at the 11th hour with Lowe and Wilde forced to admit defeat but I cannot see administration happening.

 

The one thing I have never understood since RL and MW came back is that surely they have only come back to protect their shares (esp Lowe who is not as wealthy as Wilde) so if they let the club slip into administration wouldnt their shares be worth nothing at all ?

 

It could also be Lowe and Wild could not get the price they wanted for there shares. so are going for broke with a Minne asset strip. Keep expender to the beariest minimum, hope that Jan and the Kidd's can keep you in the Fizzy,

And ride it out until better times or a buyer comes along.....If it works RL and MW will of had a real result, If not unlike all the Lowe and Wild slaters on hear they will have lost a lot of there own money.

[OLYMPIC]

I reckon we will be in administration by Christmas then watch any players we can get money for being sold in January.

[alpine_saint]

I dont think so. Rupert is too shrewd,and wants to stave off administration whatever the costs .maybe we sell all our decent players come january/the summer,or/and get relegated..but Administration ? naaah.

 

worst case scenario is that we keep falling through the divisions until we are in the conference,but before we`d get that far a takeover would rescue us. IMO.

 

And whilst this is happening, the club handle the falling attendances how exactly ?

[mprobert]

Not sure that a "fans" vote will have any real bearing on it

[NickG]

bottom line is we are all totally guessing based on feeling depressed -there is a big difference to cost cutting, redundancies etc and administration, it doesn't look good but who knows how close? None of us on here.

[Fan The Flames]

YES, and I'd love to know the reason why anyone was deluded enough to vote NO.

 

No one outside the board and bank knows, so it my guess that the situation is not as bad as feared.