Master Bates Posted 22 January, 2009 Posted 22 January, 2009 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..... Oi! Think about the self harmers before you go saying things like that.
trousers Posted 22 January, 2009 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 Who's your source? I think the more pertinent question is who his source's source is.....given this has all the hallmarks of excuse number 178 from the Summer 2007 edition of 'The SFC ITKers Book of Excuses, Volume 12'......i.e. "my source was genuinely convinced but the people who told him let him down"
INFLUENCED.COM Posted 22 January, 2009 Posted 22 January, 2009 (edited) If I had been told something of this magnitude I would find a way of revealing the source in order those who profess love for this club could take action immediatly, a pm to a mod disclosing how the information came about, IF, if it came from within BDO it would be difficult for them to investigate the cause of the leak and i'm sure Exit2, SteveGrant or whoever could exercise discretion, so come on you ITK's, reveal to someone how you came about the information to firstly irradicate the accussations of being a plant or much worse and secondly those who have the ability can be proactive in attempts to prevent the same.(i'm not talking about nameing an individual, more an organisation, unless of course its a director of SFC/SLH) I simply can't get straight in my head who is going to press the button to take us there, as those we know in a position to action administration will lose out Edited 22 January, 2009 by INFLUENCED.COM
The Rover Posted 22 January, 2009 Posted 22 January, 2009 OK - how about this for a plan: Saints enter Voluntary Agreement - legally binding between a (basically insolvent) company whereby the creditors and the company agree a schedule of repayment of debts rather than sue the company and tip it into insolvency. The positive result for the creditors is that they (hope to) get more of the money owing to them than they would if the company went bust. The advantage to the company & owners is that, assuming they meet their agreed repayments, they retain control of the company and are protected against insolvency for the period of the agreement. This way there is no need for Administration and there is no points deduction. Lowe would keep his job and he, Wilde and Crouch wouldn't lose their shares. Any bets that negotiations are happening as we type? NB Many thanks to SaintBaz on TUI for much of the above info on V.A.
John B Posted 22 January, 2009 Posted 22 January, 2009 OK - how about this for a plan: Saints enter Voluntary Agreement - legally binding between a (basically insolvent) company whereby the creditors and the company agree a schedule of repayment of debts rather than sue the company and tip it into insolvency. The positive result for the creditors is that they (hope to) get more of the money owing to them than they would if the company went bust. The advantage to the company & owners is that, assuming they meet their agreed repayments, they retain control of the company and are protected against insolvency for the period of the agreement. This way there is no need for Administration and there is no points deduction. Lowe would keep his job and he, Wilde and Crouch wouldn't lose their shares. Any bets that negotiations are happening as we type? NB Many thanks to SaintBaz on TUI for much of the above info on V.A. That is sort of the current situation I thought with Barclays and Norwich Union. We are paying our bills but increasing our overdraft
John Smith Posted 22 January, 2009 Posted 22 January, 2009 So, was the mystery author of that infamous letter that Lowe was waving about at the AGM the MD of Barclays OR AVIVA! Isn't it great, that despite all those warning signs, the waning crowds, the credit crunch, the results on the pitch and the pressure from the banks, that Lowe kept his nerve and steered us in the direction we have gone. Many suggested their were other options. But few showed us how Lowe was helping us. And now, when those that said we don;t want change for changes sake, must be kicking themselves right now, because they should've been saying this when Lowe said he was to return. Lowe has done NOTHING to help this club, let me repeat that; NOTHING! 2 days a week and he's able to take us down and into admin, imagine what he could've done if he'd been fully committed to destroying this club, we would've been in admin before Christmas!
buctootim Posted 22 January, 2009 Posted 22 January, 2009 Lowe has done NOTHING to help this club, let me repeat that; NOTHING! Are you the 'Peoples Popular Front for the Liberation of Judea' or 'The Judean Popular Peoples Liberation Front'?
Window Cleaner Posted 22 January, 2009 Posted 22 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. Then friend Forester is probably in for a wee bit of trouble; Unidentified Source=the same as saying it yourself.
Window Cleaner Posted 22 January, 2009 Posted 22 January, 2009 Cheers. BTW it's SISU not SISA, unless Richard Chorley mounted a separate takeover bid that i missed. he did, but the handful of coppers weren't considered enough.
sperm_john Posted 22 January, 2009 Posted 22 January, 2009 so what if we do go into administration? ill still be a southampton fc fan all my life, even if we are playing on the common on a sunday
warsash saint Posted 22 January, 2009 Posted 22 January, 2009 If we are so close to administration, then why have we not seen Lalana, Surman, Davis heading out the door ? There must have been clubs sniffing around offering a few million which would have surely have kept the wolfs from the door for a few months ? Even if they went for peanuts, I would have thought we would have seen more player movement just to get them of the wage bill. Also what about this piece of land worth millions that apparently we own ? All gone quiet on this front.
Matthew Le God Posted 22 January, 2009 Posted 22 January, 2009 Also what about this piece of land worth millions that apparently we own ? All gone quiet on this front. It's not worth much atm to any potential buyers(property developers) as you wouldn't be able to build on it at present
Window Cleaner Posted 22 January, 2009 Posted 22 January, 2009 It's not worth much atm to any potential buyers(property developers) as you wouldn't be able to build on it at present And we can't sell it to anyone other Bovis for another 3 months (or so)
trousers Posted 22 January, 2009 Posted 22 January, 2009 so what if we do go into administration? ill still be a southampton fc fan all my life, even if we are playing on the common on a sunday Absolutely. A fact that seems to escape a lot of people.
new_zealand_saint Posted 22 January, 2009 Posted 22 January, 2009 would this mean though that RL and MW would no longer be able to run the club? as i seem to recall every other team going into administration always seems to end up with new owners?
Window Cleaner Posted 22 January, 2009 Posted 22 January, 2009 would this mean though that RL and MW would no longer be able to run the club? as i seem to recall every other team going into administration always seems to end up with new owners? Well you're the clued up guy who's father tried to buy Lowe out, you tell us what it means
Viking Warrior Posted 22 January, 2009 Posted 22 January, 2009 sounds like a skate or even gadaymak posting as forrester
Viking Warrior Posted 22 January, 2009 Posted 22 January, 2009 Is it possible that the news posted by Forester is not actual administartion but a CVA Saints enter a Voluntary Agreement - legally binding between a (basically insolvent) company whereby the creditors and the company agree a schedule of repayment of debts rather than sue the company and tip it into insolvency. therefore we avoid administration and the 10 pts deduction
trousers Posted 22 January, 2009 Posted 22 January, 2009 (edited) Well you're the clued up guy who's father tried to buy Lowe out, you tell us what it means Quite. But of course all we get is silence..... I tell ye...it's the long time registered, sub 50 post members you've gotta keep your eye on.... Edited 23 January, 2009 by trousers
ypbl Posted 22 January, 2009 Posted 22 January, 2009 Quite. But of course all we get is silence..... I tell ye...is the long time registered, sub 50 post members you've gotta keep your eye on.... ...except me. I'm genuine.
Saint Billy Posted 22 January, 2009 Posted 22 January, 2009 Are you the 'Peoples Popular Front for the Liberation of Judea' or 'The Judean Popular Peoples Liberation Front'? Listen. If you really wanted to join the PFJ, you'd have to really hate Lowe.
The9 Posted 23 January, 2009 Posted 23 January, 2009 would this mean though that RL and MW would no longer be able to run the club? as i seem to recall every other team going into administration always seems to end up with new owners? Except Leeds, for one...
Micky Posted 23 January, 2009 Posted 23 January, 2009 If we are so close to administration, then why have we not seen Lalana, Surman, Davis heading out the door ? There must have been clubs sniffing around offering a few million which would have surely have kept the wolfs from the door for a few months ? Even if they went for peanuts, I would have thought we would have seen more player movement just to get them of the wage bill. Also what about this piece of land worth millions that apparently we own ? All gone quiet on this front. Perhaps the money men at other clubs were more than savvy to our financial plight and realised fairly early on that what they pay 2 million for whilst we are not officially in administration would probably be sold off for a fraction of the price when we are are. The vultures are gathering...
egreog Posted 23 January, 2009 Posted 23 January, 2009 Think everyone might find a few deals done at the end of next week..........just before the deadline when Saints will have to take the paltry offers in order to stave off the inevitable for a few weeks
Window Cleaner Posted 23 January, 2009 Posted 23 January, 2009 ...except me. I'm genuine. ypbl? what sort of user name is that. I think I shall ask to be known as PFJ from now onwards, or was it the JPF or the JPPF?
xerox Posted 23 January, 2009 Posted 23 January, 2009 I earlier received a message saying Admin is due on 3rd Feb, so it might be that the rumour is flying around quickly and not true. But if we were going into admin it would have to be before the march deadline? it won't happen on the 3rd feb, we have sheff utd at home that evening and there would be a riot, apparently.
trousers Posted 23 January, 2009 Posted 23 January, 2009 So...another week that promised "significant events" peters out.....surprise surprise...
Forester Posted 23 January, 2009 Author Posted 23 January, 2009 So...another week that promised "significant events" peters out.....surprise surprise... Do you remain confident of this and your other comments........?
trousers Posted 23 January, 2009 Posted 23 January, 2009 Do you remain confident of this and your other comments........? No.
mel1961red Posted 23 January, 2009 Posted 23 January, 2009 Me to what happened to the rumour about a consortium set up By Dave Merrington and a certain manager called Alan Shearer coming to manage the club what do you believe these days it was supposed to be fact that this was happening
Amesbury Saint Posted 29 January, 2009 Posted 29 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 thought I would bump this up as 1st week of Feb is next week.
Bailey Posted 29 January, 2009 Posted 29 January, 2009 Will be interesting to see if anything comes of this. My thinking is it's all been blown out of proportion. Here's hoping I'm right anyway!
Mole Posted 29 January, 2009 Posted 29 January, 2009 I'll be well pleased if we go into administration. Bye Bye Lowe and Wilde.
sadoldgit Posted 29 January, 2009 Posted 29 January, 2009 And Paul Allen was going to buy the club. If it happens it happens, but never forget that most of what you read on internet forums is rubbish. If this was the Middle Ages were would all be talking about the Earth being flat!!!
carljack Posted 30 January, 2009 Posted 30 January, 2009 And Paul Allen was going to buy the club. If it happens it happens, but never forget that most of what you read on internet forums is rubbish. If this was the Middle Ages were would all be talking about the Earth being flat!!! Or the fact that our relegation price has gone from 11/8 to 4/6 since lunchtime on betfair, and a lot of cash is wanting 10/11,not a massive move ala Twitchy returning to Skates, but significant nonetheless.No need to read the bull****ters on here just watch the bookies odds tomorrow to see if anybody does know this is true. SAINT TILL I DIE!
EastleighSoulBoy Posted 30 January, 2009 Posted 30 January, 2009 . . . . . . . . . most of what you read on internet forums is rubbish. If this was the Middle Ages were would all be talking about the Earth being flat!!![/quote] Isn't it then? :confused:
carljack Posted 30 January, 2009 Posted 30 January, 2009 Whats the deal with jacksons farm though? Its always mentioned but never given a real value. Is it far more likely we're trying to get planning persmission to build on that? After all, its still bizzare how lowe and wilde teamed up... Wilde needed his money out, Lowe promised him riches, but then came this credit crunch property values plummet (Jacksons Farm included) Wilde needs his money more than ever his investment is shrinking fast the Team are not doing so well, Crouch says hey you guys put in Two million each and we can keep the Club going, Rupert has got Two Million Wilde has not Rupert has only ever TAKEN money from SFC, the game is up guys Admin awaits, our only hope is the man who put his money where his mouth is can get some extra investment so we can compete in whatever division next season. SAINT TILL I DIE!
LukeH Posted 30 January, 2009 Posted 30 January, 2009 the white knight will wait until we go into admin, get the club on the cheap and then boost us to our former position within the premiership. Gotta hope for something good to come of this.
Mole Posted 30 January, 2009 Posted 30 January, 2009 the white knight will wait until we go into admin, get the club on the cheap and then boost us to our former position within the premiership. Gotta hope for something good to come of this. If there is a white knight looking to get us on the cheap surely the answer is for Lowe and Wilde to give their shares away for nothing before administration. However with Lowe i reckon he'd sooner see the club get a points deduction just for spite.
NickG Posted 30 January, 2009 Posted 30 January, 2009 would have thought if he was going anytime soon it would have been last week, think he is here for the long haul -unless someone comes up with a lot of money
Snowballs2 Posted 30 January, 2009 Posted 30 January, 2009 would have thought if he was going anytime soon it would have been last week, think he is here for the long haul -unless someone comes up with a lot of money I think Lowe will quit on 01/04/2009
Mole Posted 30 January, 2009 Posted 30 January, 2009 would have thought if he was going anytime soon it would have been last week, think he is here for the long haul -unless someone comes up with a lot of money We'll just have to have protests every week then.
trousers Posted 30 January, 2009 Posted 30 January, 2009 thought I would bump this up as 1st week of Feb is next week. Saved me the job....thanks....
NickG Posted 30 January, 2009 Posted 30 January, 2009 We'll just have to have protests every week then. To be honest mate -I don't think he cares about the protests. He is so arrogant he will still think he is right and "you poor people just don't know the facts"
Mole Posted 30 January, 2009 Posted 30 January, 2009 To be honest mate -I don't think he cares about the protests. He is so arrogant he will still think he is right and "you poor people just don't know the facts" We'll have to concentrate on Wilde more if that's the case.
SaintRichmond Posted 30 January, 2009 Posted 30 January, 2009 I'll be well pleased if we go into administration. Bye Bye Lowe and Wilde. Unfortunately, it would NOT herald the exit of Lowe and Wilde ........ It would make it easier for them to PURCHASE what remains for themselves ..... OH JOY !!!!!!
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