hypochondriac Posted 21 January, 2009 Posted 21 January, 2009 Will we be forced to flog that should we go into admin? Wilde talked of housing developments is that a possibility? Any update on the oil? (clutching at straws)
benjii Posted 21 January, 2009 Posted 21 January, 2009 If it is an asset of a company in administration it will be under the control of the administrator of that company.
stevegrant Posted 21 January, 2009 Posted 21 January, 2009 I presume you've seen the state of the housing market? Jackson's Farm is worth bugger all right now.
aintforever Posted 21 January, 2009 Posted 21 January, 2009 Why wait til admin, the farm, Staplewood, Academy, Dome, computerised eye gym's, fish tanks - flog the ****ing lot I say.
St Marco Posted 21 January, 2009 Posted 21 January, 2009 If Southampton leisure Holdings 100% owns it then yes it will be sold off. All assets that can raise money to pay off our debts will be sold off. If the farm is only partially owned by SLH then i don't think it can be.
SaintRobbie Posted 21 January, 2009 Posted 21 January, 2009 Is this part of the reason for Lowe/Wilde's administration plan...? To buy it up and develop. It has been speculated about several months ago before. The whole thing stinks and sounds very very strange to me....we shall find out in a couple of months.
bridge too far Posted 21 January, 2009 Posted 21 January, 2009 If it is an asset of a company in administration it will be under the control of the administrator of that company. But wasn't there a lot of discussion last year about whether it was indeed an asset of SLH or whether it had been ringfenced and gifted to SFC with covenants? God, this is like Groundhog Day
hypochondriac Posted 21 January, 2009 Author Posted 21 January, 2009 I presume you've seen the state of the housing market? Jackson's Farm is worth bugger all right now. Well yes I appreciated that. I just wondered if there was any way that we could keep it should we go into admin. It could produce a timely financial boost in the future.
SaintRobbie Posted 21 January, 2009 Posted 21 January, 2009 I presume you've seen the state of the housing market? Jackson's Farm is worth bugger all right now. But wont be in the future... and to buy it at bugger all right now is a very healthy investment for anyone in the building trade is it not? I smell something fishy and its not Pompey!
hypochondriac Posted 21 January, 2009 Author Posted 21 January, 2009 But wasn't there a lot of discussion last year about whether it was indeed an asset of SLH or whether it had been ringfenced and gifted to SFC with covenants? God, this is like Groundhog Day I remember that. It's one of the reasons I asked.
bridge too far Posted 21 January, 2009 Posted 21 January, 2009 And the developer option exires in April I think?
Mole Posted 21 January, 2009 Posted 21 January, 2009 Is this part of the reason for Lowe/Wilde's administration plan...? To buy it up and develop. I would imagine Wilde has ample unsold properties as it is without building any more.
SaintRobbie Posted 21 January, 2009 Posted 21 January, 2009 But wasn't there a lot of discussion last year about whether it was indeed an asset of SLH or whether it had been ringfenced and gifted to SFC with covenants? God, this is like Groundhog Day It is... but a timely reminder of potential motives from Wilde and Lowe.
SaintRobbie Posted 21 January, 2009 Posted 21 January, 2009 I would imagine Wilde has ample unsold properties as it is without building any more. Yes but if youre getting it for a snip of a price you'd buy it for the upturn.
benjii Posted 21 January, 2009 Posted 21 January, 2009 But wasn't there a lot of discussion last year about whether it was indeed an asset of SLH or whether it had been ringfenced and gifted to SFC with covenants? God, this is like Groundhog Day Yes, that's why my reply was so bland! I have no idea who owns it!
SaintRobbie Posted 21 January, 2009 Posted 21 January, 2009 I presume you've seen the state of the housing market? Jackson's Farm is worth bugger all right now. Steve - was it not you who suggested this was being examined a few months ago?
stevegrant Posted 21 January, 2009 Posted 21 January, 2009 But wont be in the future... and to buy it at bugger all right now is a very healthy investment for anyone in the building trade is it not? I smell something fishy and its not Pompey! I challenge you to find anyone in the housing industry who has any spare money knocking around for a plot of land without any sort of planning permission I suspect there might also be legal issues regarding sale of assets to directors and/or their associates, particularly if the company is potentially on the verge of insolvency.
alpine_saint Posted 21 January, 2009 Posted 21 January, 2009 I presume you've seen the state of the housing market? Jackson's Farm is worth bugger all right now. It doesnt even have planning permission.
stevegrant Posted 21 January, 2009 Posted 21 January, 2009 Steve - was it not you who suggested this was being examined a few months ago? Not that I can remember. I know that the land gets valued on a reasonably regular basis to ensure its value on the balance sheet is accurate, but I'm not aware of any other plans. I'd have thought even if there were any plans for it, they'd have been shelved due to a complete lack of homebuilding companies willing/able to buy for the sort of money the club would be looking for.
Mole Posted 21 January, 2009 Posted 21 January, 2009 I've always thought Jackson Farm was a red herring. It might be worth a few quid, but not a lot in the scheme of things.
alpine_saint Posted 21 January, 2009 Posted 21 January, 2009 If this is all about Jackson's Farm for Lowe and Wilde, they are even bigger f**kwits than even I gave them credit for.
stevegrant Posted 21 January, 2009 Posted 21 January, 2009 I've always thought Jackson Farm was a red herring. It might be worth a few quid, but not a lot in the scheme of things. That's certainly the case right now, but two or three years ago it would have been worth a small fortune had there not been a first refusal contract with Bovis on the land.
SaintRobbie Posted 21 January, 2009 Posted 21 January, 2009 Not that I can remember. I know that the land gets valued on a reasonably regular basis to ensure its value on the balance sheet is accurate, but I'm not aware of any other plans. I'd have thought even if there were any plans for it, they'd have been shelved due to a complete lack of homebuilding companies willing/able to buy for the sort of money the club would be looking for. Someone suggested it based on received information... but we shall see in time I suppose. I dont see Jacksons Farm as a major part of the survival of Southampton FC to be honest. The only thing that will save this Club is a takeover now regardless of administration. What are we doing to sell this club?
hypochondriac Posted 21 January, 2009 Author Posted 21 January, 2009 That's certainly the case right now, but two or three years ago it would have been worth a small fortune had there not been a first refusal contract with Bovis on the land. Could it not be worth a small fortune again? Say in 20 years time?
Mole Posted 21 January, 2009 Posted 21 January, 2009 That's certainly the case right now, but two or three years ago it would have been worth a small fortune had there not been a first refusal contract with Bovis on the land. A small fortune? Can you be more specific please.
St Landrew Posted 21 January, 2009 Posted 21 January, 2009 (edited) I presume you've seen the state of the housing market? Jackson's Farm is worth bugger all right now. I wouldn't go that far Steve. In a small overcrowded island country, land will always have a value. Though, fact is, in 3-4 years time, Jackson's Farm will be worth a lot more than it is now. There you go. This Board even gets its adminstration timing at the worst possible moment. Edited 21 January, 2009 by St Landrew doh..!
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