fos1 Posted 21 January, 2009 Share Posted 21 January, 2009 just spoken to an irregular source of info (who was first to break the joint directors letter re SISA) who doesn't believe this to be true. Why have you spoken to Exit2 then as I thought he disclosed the SISU letter first !!! Link to comment Share on other sites More sharing options...
NickG Posted 21 January, 2009 Share Posted 21 January, 2009 If it's not true (i'm not disputing this) why did Charlie Sale run the story? not convinced either way, bloke has told me only two or three things before, has legal links and gave all the details of joint letter after SISA offer which I posted on here before there was news of the Lowe and wilde being together. Not trying to big him up as maybe totally wrong this time but would be inclined to believe him. If Sale (with links to Lowe) is accurate the only explanation I can give is this thread says we will, that says will decide etc. - i.e. not a done deal and still avoidable. The source is saying its premature, still very avoidable but could happen. Link to comment Share on other sites More sharing options...
NickG Posted 21 January, 2009 Share Posted 21 January, 2009 Why have you spoken to Exit2 then as I thought he disclosed the SISU letter first !!! nope that one was me! Link to comment Share on other sites More sharing options...
benjii Posted 21 January, 2009 Share Posted 21 January, 2009 It's only a game. Link to comment Share on other sites More sharing options...
alpine_saint Posted 21 January, 2009 Share Posted 21 January, 2009 I love this, completely unsubstantiated rumour from someone with little posting history and because it fits in with everyones tidy little belief system (that everything to do with Saints is going to hell in a handcart) we have 3 pages of handwringing and 'woe is me...' Incidentally, in light of comments above and similar to another post on here.... would you accept administration if it got rid of Alpine?..... it would certainly represent a very tempting scenario in my eyes. I don't believe this rumour personally. Wow, its that Ueber-Visionary (nT)KM !!!! How'yer doin' ??? Never though I'd see you on here showing your face again, what with me being almost spot-on in my predictions about Saints over the last 2 years and you being, well, plain wrong... Link to comment Share on other sites More sharing options...
Mole Posted 21 January, 2009 Share Posted 21 January, 2009 not convinced either way, bloke has told me only two or three things before, has legal links and gave all the details of joint letter after SISA offer which I posted on here before there was news of the Lowe and wilde being together. Not trying to big him up as maybe totally wrong this time but would be inclined to believe him. If Sale (with links to Lowe) is accurate the only explanation I can give is this thread says we will, that says will decide etc. - i.e. not a done deal and still avoidable. The source is saying its premature, still very avoidable but could happen. Cheers. BTW it's SISU not SISA, unless Richard Chorley mounted a separate takeover bid that i missed. Link to comment Share on other sites More sharing options...
NickG Posted 21 January, 2009 Share Posted 21 January, 2009 Not on the day when strong rumours start breaking about the demise of our club. The blood-letting can wait for the aftermath. Wow, its that Ueber-Visionary (nT)KM !!!! How'yer doin' ??? Never though I'd see you on here showing your face again, what with me being almost spot-on in my predictions about Saints over the last 2 years and you being, well, plain wrong... didn't last long! Link to comment Share on other sites More sharing options...
SP Saint Posted 21 January, 2009 Share Posted 21 January, 2009 Does anyone know how Voluntary Administration works? I've heard that Lowe could put us into Voluntary Administration and do a deal to reschedule and or reduce our debts with the major creditors (Barclays and Aviva) either before or during this period and then bring us out of Administration by a Company Voluntary Agreement (CVA). I believe this is what David Sheepshanks did at Ipswich and he remained Chairman afterwards: http://news.bbc.co.uk/sport1/hi/football/teams/i/ipswich_town/2950192.stm I had rather hoped that if we had to go through administration, at least we would see the back of Lowe and Wilde but perhaps we won't. Does anyone know more? The directors would be likely to place the company into voluntary administration if they believed it was insolvent and trading. There are potential consequences for them if they trade insolvently. If we are relying on selling players in January and we cannot do so then there's nothing surprising about hearing that wheels may be put in motion for readyness at the end of the window. As for a CVA - they generally do not work. In any case, it would be Aviva calling the shots in such a scenario rather than Lowe. The board can force their hand by voluntarily entering insolvency proceedings but they can't make them accept an offer. I believe Barclays are an unsecured creditor so are down the pecking order. Presumably Aviva did a deal with Ipswich though as they used a CVA to come out of Admin according to that BBC News article? Link to comment Share on other sites More sharing options...
NickG Posted 21 January, 2009 Share Posted 21 January, 2009 Cheers. BTW it's SISU not SISA, unless Richard Chorley mounted a separate takeover bid that i missed. he's waiting for administration! Link to comment Share on other sites More sharing options...
alpine_saint Posted 21 January, 2009 Share Posted 21 January, 2009 didn't last long! He's an exception. He breezed on here and cast the first stone. Link to comment Share on other sites More sharing options...
John Boy Saint Posted 21 January, 2009 Share Posted 21 January, 2009 Weren't Coventry going under before SISU came in at the 11th hour? Oh well just a positive view....arghhhhhhhhhh Well they were under the control of someone who had the interests of the club at stake. Unfortunately Saints have an egomaniac at the helm who like many who have worked in the city has the "as long as I get what I want I don't give a sh1t how many people I tread into the dirt getting there" attitude. Why else would someone not have bought what was a sound package before now........ Everything comes back to one man. Still we will wait and see how much of this is a wind up. Link to comment Share on other sites More sharing options...
NickG Posted 21 January, 2009 Share Posted 21 January, 2009 He's an exception. He breezed on here and cast the first stone. fair enough -but make it a one off! Link to comment Share on other sites More sharing options...
Stirchleysaint Posted 21 January, 2009 Share Posted 21 January, 2009 I haven't been around for a while but heard the rumour. I'm not impressed by some contributors to this thread. My one concern is that given the current financial state of the UK economy, it wouldn't take very long to push Saints into an insolvent position if a creditor decided to play hard-ball. What it wouldn't mean is the end of SFC. Provided that Southampton City Council stay firm in designating SMS as a sports facility in the local planning guidance then the most profitable way for creditors to receive some money is for SFC to continue functioning as a professional football club. My suspicion is that Lowe is going to sell our few assets at prices which we'll see as bargain prices. His defence will be "its that or administration". Lower expectations and settle for second best. Link to comment Share on other sites More sharing options...
exit2 Posted 21 January, 2009 Share Posted 21 January, 2009 Why have you spoken to Exit2 then as I thought he disclosed the SISU letter first !!! nope that one was me! I think what actually happened was that NickG informed everyone of the letter, and I posted a copy up on the forum (much to Jim Hones displeasure as I put it up 5 mins after the club got theirs Link to comment Share on other sites More sharing options...
NickG Posted 21 January, 2009 Share Posted 21 January, 2009 I think what actually happened was that NickG informed everyone of the letter, and I posted a copy up on the forum (much to Jim Hones displeasure as I put it up 5 mins after the club got theirs rings a bell mate:) Link to comment Share on other sites More sharing options...
saintwarwick Posted 21 January, 2009 Share Posted 21 January, 2009 What is his plan??? Its A . Is that plan 27? Link to comment Share on other sites More sharing options...
saintwarwick Posted 21 January, 2009 Share Posted 21 January, 2009 This stuff about saints going into admin is just a rumour. I wouldn't bother giving it another thought. You didn't mention Hoddle :shock: Link to comment Share on other sites More sharing options...
StuRomseySaint Posted 21 January, 2009 Share Posted 21 January, 2009 I believe it to some extent. Might as well get it out of the way, we have been on the market for far too long now with no buyers, it is inevitable so let's do it and start again. One thing though.... the club are still actively recruiting full-time permanant staff, certainly as of today... for positions which are 'dispensable' ie: not ticket office staff, matchday staff etc etc which are needed regardless ... would they being doing this if administration was round the corner? Link to comment Share on other sites More sharing options...
Greenridge Posted 21 January, 2009 Share Posted 21 January, 2009 Not read all 4 pages but on the basis this rumour has some mileage then it might go some way to explaining Lowe's lack of urgency concerning JP's position. In other words what's the point of change. Let's wait and see though..... Link to comment Share on other sites More sharing options...
solentstars Posted 21 January, 2009 Share Posted 21 January, 2009 still rumour at the moment, same as the player we were signing last week! hope this is one that isn't trueit will be a tragedy for the club. Link to comment Share on other sites More sharing options...
CanadaSaint Posted 21 January, 2009 Share Posted 21 January, 2009 I was sure that a condition of retaining the Golden Share of the Football league was that you had to honour all footballing debts and that included all wages owing past, present and future on player's contracts. Of course, i'm sure they can be renegotiated, but only with the consent of the players involved. um, I seem to remember you posting an analysis of the club's cash flow. I'm sure we're still bleeding cash (i.e., increasing the overdraft) but do you have any updated numbers? Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2009 Share Posted 21 January, 2009 If it's not true (i'm not disputing this) why did Charlie Sale run the story? Good question. Alas, no answer....surprise, surprise... Link to comment Share on other sites More sharing options...
saint_ed Posted 21 January, 2009 Share Posted 21 January, 2009 Because if we want to carry on we have to have players,now I'm no expert on this but if we go into administration we wouldn't be able to sign anyone, there's only 1 door and it's for going out of.Preemption of the situation perhaps. I suppose the board have tried to shift players for money but there's nothing doing so this is the only way. You forget though that at that time the transfer window will have closed....so either we will loan out any of our remaining talent or we will cancel their contracts. This is a highly unlikely step if they have any market value. Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2009 Share Posted 21 January, 2009 Also i do get suspicious of "newbie posters", no offence forrester. I'm sure i'm not the only one to check your previous post. The 'missing' posts from 2007/2008 might have made interesting reading too... Link to comment Share on other sites More sharing options...
Mole Posted 21 January, 2009 Share Posted 21 January, 2009 The 'missing' posts from 2007/2008 might have made interesting reading too... Hence why i wanted a link to the old tsf forum. Link to comment Share on other sites More sharing options...
RoswellSaint Posted 21 January, 2009 Share Posted 21 January, 2009 I have just received a return call to someone. This is pure rumour without foundation. It is not Lowe or the plc's plan. At this point, I would have more confidence in WS than many others on this thread. Link to comment Share on other sites More sharing options...
Nexstar Posted 21 January, 2009 Share Posted 21 January, 2009 Do we still lose any points if it's at the start of feb? Link to comment Share on other sites More sharing options...
saints_is_the_south Posted 21 January, 2009 Share Posted 21 January, 2009 Do we still lose any points if it's at the start of feb? Yeah from this season. Looking on the bright side i suppose the earlier we lose the 10 points the more time we have to claw them back & also more time from going into administration to find a buyer before next season. Maybe the points deduction would galvanise the team like it did Bournemouth last year? Imagine being in the same situtation as them though, going down by 1 point i think it was having been given a 10 point deduction, would be gutting! Link to comment Share on other sites More sharing options...
Saint_clark Posted 21 January, 2009 Share Posted 21 January, 2009 I spoke to a friend involved in security earlier tonight, and he told me to expect big news at the turn of the month. At the time I thought it might have been JP getting sacked (a new manager coming in after the transfer window wouldn't be able to request funds) but now i'm fairly certain we will be going into admin. Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2009 Share Posted 21 January, 2009 Hence why i wanted a link to the old tsf forum. Even archive.org 'mysteriously' only goes up to Feb 08.... http://web.archive.org/web/*/http://www.thesaintsforum.co.uk Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 21 January, 2009 Share Posted 21 January, 2009 I spoke to a friend involved in security earlier tonight, and he told me to expect big news at the turn of the month. At the time I thought it might have been JP getting sacked (a new manager coming in after the transfer window wouldn't be able to request funds) but now i'm fairly certain we will be going into admin. if several people are saying expect big news then the actual news will leak out. On a slightly different point once one club goes into admin this season, will others follow eg Charlton, Watford etc? Link to comment Share on other sites More sharing options...
CanadaSaint Posted 21 January, 2009 Share Posted 21 January, 2009 On a slightly different point once one club goes into admin this season, will others follow eg Charlton, Watford etc? Yes. Good point. I think there's a dam building up - just as there has been in the financial sector, and when it breaks a lot of clubs could be in administration. The news that a club like Saints - close to established in the Prem just three years ago - could fall this far this fast is going to rattle the hell out of a lot of debt holders. Even some of the biggest clubs in the UK (and beyond) are vulnerable. Of course, most will survive but in a very different world. Panorama will have a field day with this stuff. Link to comment Share on other sites More sharing options...
maxi_sopez Posted 21 January, 2009 Share Posted 21 January, 2009 I spoke to a friend involved in security earlier tonight, and he told me to expect big news at the turn of the month. At the time I thought it might have been JP getting sacked (a new manager coming in after the transfer window wouldn't be able to request funds) but now i'm fairly certain we will be going into admin. no disrespect but why would security be in the know Link to comment Share on other sites More sharing options...
.comsaint Posted 22 January, 2009 Share Posted 22 January, 2009 As i said in another thread it is inevitable we will be going into admin simply because we are losing more and more money. The offers for players obviously have not come in and that was what Lowe was gambling on. He probably felt he could return to our club with no money, bring in a complete numpty as a manager on the cheap but sell a few players and then will be seen as the guy who saved our club if we managed to survive. Yep. That was exactly his plan in my mind too. Many clubs in the CCC are finding it tough financially. There have been very few players moving to other clubs - despite two thirds of the window gone. I have no doubt we were gambling on the likes of Rudi, Surman, Lallana, whoever, - being sold to cover the bills. That hasn't happened (at least yet) - and I get the distinct feeling that should the transfer window close without any players exiting the door - we are indeed up poo creek without any paddle. A sad day indeed - but hardly unexpected in all honesty...is it? Link to comment Share on other sites More sharing options...
saintjay77 Posted 22 January, 2009 Share Posted 22 January, 2009 sounds all very feasable but some of the comments jumping on the band wagon of how Lowe has buggered the club again are a bit funny. Half of the last 6 months have had many of us going on about boycotts in an attempt to get us into administration to get rid of lowe. the day we do go into admin (if at all ) will be a very sad day indeed but I hope that we can find a way out of it and stronger for it. Maybe the meeting on Monday was used to tell the players how it is? Maybe it will help? Even if they play better for a transfer we may yet see a couple of wins before the team is dismantled. The positive in me still thinks that although this rumour seems pretty certain I still think its more likly to be what some other have suggested and that a deadline to decide has been set, which means if the team can pull one out of the bag there may still be a chance of avoiding admin. Heres hoping anyway. Link to comment Share on other sites More sharing options...
Sheaf Saint Posted 22 January, 2009 Share Posted 22 January, 2009 Yeah from this season. Looking on the bright side i suppose the earlier we lose the 10 points the more time we have to claw them back & also more time from going into administration to find a buyer before next season. Maybe the points deduction would galvanise the team like it did Bournemouth last year? Imagine being in the same situtation as them though, going down by 1 point i think it was having been given a 10 point deduction, would be gutting! Let's face facts here. We don't look capable of staying up without a 10-point deduction. With it, relegation is about as certain as Barry H. Bear taking his roll of Andrex and copy of today's Sun into the woods and curling one out. Link to comment Share on other sites More sharing options...
Saint_clark Posted 22 January, 2009 Share Posted 22 January, 2009 no disrespect but why would security be in the know Can't name his actual role as it will give his identity away, but it's high up enough to know what's going on. I never claim to be ITK, this is the first time i've ever heard anything from someone at the club. Link to comment Share on other sites More sharing options...
Flyer Posted 22 January, 2009 Share Posted 22 January, 2009 if several people are saying expect big news then the actual news will leak out. On a slightly different point once one club goes into admin this season, will others follow eg Charlton, Watford etc? If Charlton are in financial trouble, then yes as i think they are already down. However only 1 spot is left so everyone else has a good chance of staying up so I doubt anyone else will do it. Link to comment Share on other sites More sharing options...
The9 Posted 22 January, 2009 Share Posted 22 January, 2009 Probably explains the woeful performance last Saturday then. The players would know about it for sure. Well yeah, apart from the 14 shots and mostly dominating the first half, do you think they told them at half time then or just when Doncaster attacked ??!!?!? Who forgot to tell Kelvin ? Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 22 January, 2009 Share Posted 22 January, 2009 Well yeah, apart from the 14 shots and mostly dominating the first half, do you think they told them at half time then or just when Doncaster attacked ??!!?!? Who forgot to tell Kelvin ? I thought the first half was fairly equal, certainly Kelvin had some important saves to make whereas their keeper didn't have to do anything until after we were two goals down. I wouldn't call them 'shots', more like back-passes. Link to comment Share on other sites More sharing options...
The9 Posted 22 January, 2009 Share Posted 22 January, 2009 Let's face facts here. We don't look capable of staying up without a 10-point deduction. That's your opinion, mine is that we're not much if any worse than about 3/4 of the League and the transfer window and end of loans will shake up who's down there a fair bit - Doncaster and Forest have hit runs, Charlton are way behind and Watford look shaky, plus someone always slides into it from midtable at Xmas. Losing Cork was a blow, gaining Saeijs a great boost, and we've all known all along it won't come overnight, but if we keep plugging away and get a few breaks we can finish midtable without too much fanfare. Holmes was a class apart at the start of the season, hopefully he'll be flying again in a few games. We have beaten Reading and Birmingham this season (one of which happened with BWP playing left wing, for those slating the "wrong wing" tactics) and we have Saganowski back to show McGoldrick the way (preferably to the bench, but anyway)... ...so why so sad? Link to comment Share on other sites More sharing options...
The9 Posted 22 January, 2009 Share Posted 22 January, 2009 I thought the first half was fairly equal, certainly Kelvin had some important saves to make whereas their keeper didn't have to do anything until after we were two goals down. I wouldn't call them 'shots', more like back-passes. You must have forgotten Surman somehow hitting their keeper from 6 yards with a powerful but too-straight shot with the goal gaping, and the evil bobble that prevented Holmes tapping in from not much further out in the first half then ? We should have been about 4-2 up, allowing for them scoring their 2 shots. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 22 January, 2009 Share Posted 22 January, 2009 That's your opinion, mine is that we're not much if any worse than about 3/4 of the League and the transfer window and end of loans will shake up who's down there a fair bit - Doncaster and Forest have hit runs, Charlton are way behind and Watford look shaky, plus someone always slides into it from midtable at Xmas. Losing Cork was a blow, gaining Saeijs a great boost, and we've all known all along it won't come overnight, but if we keep plugging away and get a few breaks we can finish midtable without too much fanfare. Holmes was a class apart at the start of the season, hopefully he'll be flying again in a few games. We have beaten Reading and Birmingham this season (one of which happened with BWP playing left wing, for those slating the "wrong wing" tactics) and we have Saganowski back to show McGoldrick the way (preferably to the bench, but anyway)... ...so why so sad? It's the trend, you see. We've been getting steadily worse game by game and the manager hasn't got a clue. Link to comment Share on other sites More sharing options...
Dubai Saint Posted 22 January, 2009 Share Posted 22 January, 2009 This is absolutely reliable - PLC board will announce 1st week of Feb that company is entering administration. This is info I have obtained this afternoon from a wholly credible source. An absolutely massive blow, as I read this as relegation now a certainty. While it may in the long term prove a blessing in disguise, this will prove the absolutely bottom point we have reached for many decades. I am gutted tonight TIP ONE: go put a couple of grand on us to be relegated at 10/11 and enjoy the money - only value of 'inside info' is too get one over on the bookies. TIP TWO: Put your money before telling the world Link to comment Share on other sites More sharing options...
Master Bates Posted 22 January, 2009 Share Posted 22 January, 2009 Does this explain why the crisis meeting was only 30mins long? Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 22 January, 2009 Share Posted 22 January, 2009 Let's face facts here. We don't look capable of staying up without a 10-point deduction. With it, relegation is about as certain as Barry H. Bear taking his roll of Andrex and copy of today's Sun into the woods and curling one out. In times of great worry and sorrow there's always some one who will brighten your day. You have done this with great style! Thanks :smt005 Link to comment Share on other sites More sharing options...
slickmick Posted 22 January, 2009 Share Posted 22 January, 2009 No doubt the mods will be having a look, IP's and all that - i know i would. You mean you dont ? Theres me thinking thats how you knew so much about certain posters. Link to comment Share on other sites More sharing options...
graymalkin33 Posted 22 January, 2009 Share Posted 22 January, 2009 Weren't Coventry going under before SISU came in at the 11th hour? Oh well just a positive view....arghhhhhhhhhh Yes they were and i believe SISU have just sold their best player Jay Tabb to Reading.... see grass is not always greener. Link to comment Share on other sites More sharing options...
Pancake Posted 22 January, 2009 Share Posted 22 January, 2009 Does this explain why the crisis meeting was only 30mins long? Could only afford to have the heating on for 25 mins and Jan got cold. Link to comment Share on other sites More sharing options...
graymalkin33 Posted 22 January, 2009 Share Posted 22 January, 2009 Yeah from this season. Looking on the bright side i suppose the earlier we lose the 10 points the more time we have to claw them back & also more time from going into administration to find a buyer before next season. Maybe the points deduction would galvanise the team like it did Bournemouth last year? Imagine being in the same situtation as them though, going down by 1 point i think it was having been given a 10 point deduction, would be gutting! The MASSIVE thing to remember is that IF we are still in admin when next season starts we will get ANOTHER 10-15 pt deduction for next season. ALSO we may not be able to pay the bond to the leage to say yes we can fullfill our fixtures next season so we could even face expulsion from the league or yet more points deducted..... Link to comment Share on other sites More sharing options...
Recommended Posts