trousers Posted 2 July, 2020 Share Posted 2 July, 2020 (edited) I see that the annual 'Satisfaction of Charge' and 'Registration of Charge' procedure has just taken place, as it always does around this time of year....https://beta.companieshouse.gov.uk/company/00053301/filing-history A couple of diferences I can see from previous years though: - The lender is no longer MacQuarie Bank but MSD UK Holdings Ltd - The new charge documentation now includes Intellectual Property, i.e. trademarks such as the club badge and phrases such as "The Southampton Way", "We March On" and "The Saints" (!) I don't recall seeing the charge documents going down to that level of detail and inclusion before (they usually just refer to the more tangible assets such as the stadium and training ground) Not sure if there's anything to be read into this but thought I'd mention it in passing (any ITK financiers out there?!) Edited 2 July, 2020 by trousers 1 Link to comment Share on other sites More sharing options...
hypochondriac Posted 2 July, 2020 Share Posted 2 July, 2020 Not sure why anyone else would want to use such vapid and meaningless phrases. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 2 July, 2020 Share Posted 2 July, 2020 3 minutes ago, hypochondriac said: Not sure why anyone else would want to use such vapid and meaningless phrases. To sell merchandise that could be confused for official club products Link to comment Share on other sites More sharing options...
hypochondriac Posted 2 July, 2020 Share Posted 2 July, 2020 2 minutes ago, Matthew Le God said: To sell merchandise that could be confused for official club products It wasn't a question that required an answer. Link to comment Share on other sites More sharing options...
stevegrant Posted 2 July, 2020 Share Posted 2 July, 2020 MSD UK Holdings Ltd was only formed on Monday (!!), and its registered address is a registered office service called LegalinX. Odd... 1 Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 (edited) I also note that this year's charge is explicity labelled as a "Debenture" whereas previous charges have just been refered to as a "Deed"... a quick Google search suggests that Debentures usually last at least 10 years.... so, reading between the lines, maybe this is a way of securing more upfront funds than is usually possible in a bog standard annual 'charge'....? (dunno.... all gobbledegook to me....) Edited 2 July, 2020 by trousers Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 9 minutes ago, stevegrant said: MSD UK Holdings Ltd was only formed on Monday (!!), and its registered address is a registered office service called LegalinX. Odd... Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 (edited) 29 minutes ago, stevegrant said: MSD UK Holdings Ltd was only formed on Monday (!!), and its registered address is a registered office service called LegalinX. Odd... The Debenture/Charge is signed my Marcello Liguori (of MSD UK Holdings Ltd) but his address is given as MSD Partners, L.P. in New York, USA.... Marcello L. is also listed as a director on the newly formed UK arm of the company.... So, looks like they are "Financial Intermediatories" rather than the actual lenders.... Adding 2 + 2 to get 5.... does this suggest we're being financed out of the USA now....? Edited 2 July, 2020 by trousers Link to comment Share on other sites More sharing options...
SuperSAINT Posted 2 July, 2020 Share Posted 2 July, 2020 5 minutes ago, trousers said: The Debenture/Charge is signed my Marcello Liguori (of MSD UK Holdings Ltd) but his address is given as MSD Partners, L.P. in New York, USA.... Marcello L. is also listed as a director on the newly formed UK arm of the company.... So, looks like they are "Financial Intermediatories" rather than the actual lenders.... Adding 2 + 2 to get 5.... does this suggest we're being funded out of the USA now....? Email him & ask him, Trousers! Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 2 minutes ago, SuperSAINT said: Email him & ask him, Trousers! He looks quite friendly.... https://www.msdpartners.com/people?id=841&dept_id=86&bioname=Marcello Liguori Struggling to get a close up of the earlobes though.... Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 (edited) Hmmm.... Edited 2 July, 2020 by trousers 1 Link to comment Share on other sites More sharing options...
SuperSAINT Posted 2 July, 2020 Share Posted 2 July, 2020 1 minute ago, trousers said: Hmmm.... Keep digging!! Link to comment Share on other sites More sharing options...
ErwinK1961 Posted 2 July, 2020 Share Posted 2 July, 2020 4 minutes ago, trousers said: Hmmm.... FFS Trousers, you've done it now. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 2 July, 2020 Share Posted 2 July, 2020 (edited) It appears they were thinking about getting involved with Derby County, looks like they have switched to Saints now... https://www.bloomberg.com/news/articles/2020-03-23/michael-dell-s-money-manager-weighs-loan-to-english-soccer-team Edited 2 July, 2020 by Matthew Le God Link to comment Share on other sites More sharing options...
SuperSAINT Posted 2 July, 2020 Share Posted 2 July, 2020 2 minutes ago, Matthew Le God said: It appears they were thinking about getting involved with Derby County, looks like they have switched to Saints now... https://www.bloomberg.com/news/articles/2020-03-23/michael-dell-s-money-manager-weighs-loan-to-english-soccer-team Wasn't Dell linked with Sunderland, too? Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 Just now, SuperSAINT said: Wasn't Dell linked with Sunderland, too? Yep... https://www.dailymail.co.uk/sport/football/article-7513265/Peter-Kenyon-tried-Sunderland-buyers-Newcastle-deal.html Link to comment Share on other sites More sharing options...
Saint86 Posted 2 July, 2020 Share Posted 2 July, 2020 So its an investment firm that would buy the club using a loan secured against the club. Not the investment our fans would hope for. Link to comment Share on other sites More sharing options...
SuperSAINT Posted 2 July, 2020 Share Posted 2 July, 2020 8 minutes ago, Saint86 said: So its an investment firm that would buy the club using a loan secured against the club. Not the investment our fans would hope for. One of K,Billy’s last posts was voting for: F) American owners buying the club through loans put on the club Link to comment Share on other sites More sharing options...
Matthew Le God Posted 2 July, 2020 Share Posted 2 July, 2020 A Saints shirt with Dell as the sponsors would be pretty nice! 😃 Link to comment Share on other sites More sharing options...
Dusic Posted 2 July, 2020 Share Posted 2 July, 2020 The 'Robert P' who listed alongside Marcello as a Director of the UK company is presumably Robert Platek, listed as the Portfolio Manager of MSD's Credit Opportunities team. Link to comment Share on other sites More sharing options...
CB Fry Posted 2 July, 2020 Share Posted 2 July, 2020 I, for one, welcome our new American overloads. 3 Link to comment Share on other sites More sharing options...
hypochondriac Posted 2 July, 2020 Share Posted 2 July, 2020 Takeover thread part 83. Bring back lls, help me Rhonda, saints go wilde, Saint David, saintlee who is still off on a plumbing job and ring up the local American radio stations and look for yachts and earlobes. 1 Link to comment Share on other sites More sharing options...
SuperSAINT Posted 2 July, 2020 Share Posted 2 July, 2020 (edited) Would love it to be the ownership change...but I believe it’s to assist with cash flow during Covid. Edited 2 July, 2020 by SuperSAINT Link to comment Share on other sites More sharing options...
Wurzel Posted 2 July, 2020 Share Posted 2 July, 2020 22 minutes ago, Matthew Le God said: A Saints shirt with Dell as the sponsors would be pretty nice! 😃 Wonder if they'd be interested in naming rights for the stadium. Struggling to think of what they could call it though .... 2 Link to comment Share on other sites More sharing options...
Nolan Posted 2 July, 2020 Share Posted 2 July, 2020 (edited) https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-investment-michael-dell-3997781 "Dell's name has previously been mentioned in connection with League One Sunderland, but it transpired that MSD Partners - a company that doesn't use Dell's money - was actually investing. They ended up loaning the Black Cats £9 million, which if owner Stewart Donald failed to repay would end up with MSD Partners owning the club" Edited 2 July, 2020 by Nolan Link to comment Share on other sites More sharing options...
Saint_clark Posted 2 July, 2020 Share Posted 2 July, 2020 I've read every post 3 times and I still have no idea what's going on. Are we being bought by the founder of Dell? Can I buy the champagne yet? 1 Link to comment Share on other sites More sharing options...
Nolan Posted 2 July, 2020 Share Posted 2 July, 2020 "what about putting money into the Saints.... you could even get a away with putting the name 'Dell' in the stadium". Link to comment Share on other sites More sharing options...
Wurzel Posted 2 July, 2020 Share Posted 2 July, 2020 11 minutes ago, Saint_clark said: I've read every post 3 times and I still have no idea what's going on. Are we being bought by the founder of Dell? Can I buy the champagne yet? We have just taken out our usual short term cash flow loan with a new company. Security now includes trade marks, some of which are mysteriously pending in India. The debenture was signed by someone with indistinct earlobes. However he is merely an employee of MSD allsorts. MSD are owned ultimately by a multi-billionaire whose parents were such big Saints fans they named him after our old ground. However, like many kids nowadays he was more interested in computers than sports, but is now having a mid-life crisis and wants to buy a new toy. Therefore we are about to be taken over and in view of our shit record at SMS will play all home games next season somewhere in the USA. It's all pretty ,much definite, but stick to Tizer for now, don't want to be too premature. Hope that helps. 1 1 Link to comment Share on other sites More sharing options...
Chocolate Box Posted 2 July, 2020 Share Posted 2 July, 2020 Thats a relief, I was getting worried.😉 Link to comment Share on other sites More sharing options...
Nolan Posted 2 July, 2020 Share Posted 2 July, 2020 Further reading... https://www.chroniclelive.co.uk/sport/football/football-news/strange-case-michael-dell-derby-17977130 Link to comment Share on other sites More sharing options...
Saint86 Posted 2 July, 2020 Share Posted 2 July, 2020 (edited) 2 hours ago, Nolan said: Further reading... https://www.chroniclelive.co.uk/sport/football/football-news/strange-case-michael-dell-derby-17977130 Ominous. Edited 2 July, 2020 by Saint86 Link to comment Share on other sites More sharing options...
Nolan Posted 2 July, 2020 Share Posted 2 July, 2020 9 minutes ago, Saint86 said: Ominous. Probably not. You invest money to get a return. You would think they see Saints as having potential to make money from am investment boost. Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 6 minutes ago, Nolan said: Probably not. You invest money to get a return. You would think they see Saints as having potential to make money from am investment boost. Isn't the scenario where they'd make most money is if Saints were to do badly (on and off the pitch) and end up defaulting on the loan? That way the investor gets all the club's assets for way less than they are worth? Link to comment Share on other sites More sharing options...
Dusic Posted 2 July, 2020 Share Posted 2 July, 2020 2 minutes ago, trousers said: Isn't the scenario where they'd make most money is if Saints were to do badly (on and off the pitch) and end up defaulting on the loan? That way the investor gets all the club's assets for way less than they are worth? The scenario where they make the easiest money is the one where they give Saints upfront cash and get it paid back on time, with interest and they have nothing else they need to do to earn it. 1 Link to comment Share on other sites More sharing options...
trousers Posted 2 July, 2020 Author Share Posted 2 July, 2020 1 minute ago, Dusic said: The scenario where they make the easiest money is the one where they give Saints upfront cash and get it paid back on time, with interest and they have nothing else they need to do to earn it. Yep, agree that's the easiest route to a profit. I was just pondering what eventuality would give them maximum returns. Link to comment Share on other sites More sharing options...
Sevvy Posted 2 July, 2020 Share Posted 2 July, 2020 Rename the stadium the Dell Link to comment Share on other sites More sharing options...
alehouseboys Posted 2 July, 2020 Share Posted 2 July, 2020 1 hour ago, Sevvy said: Rename the stadium the Dell Maybe this is the magic spell we’ve all been waiting for to rid us of the St Mary’s ‘home’ curse......Dell Stadium, sounds good. Link to comment Share on other sites More sharing options...
SFC Forever Posted 2 July, 2020 Share Posted 2 July, 2020 Don't need the stadium bit just The Dell would suit me fine but first our stadium will need some serious reshaping so we get better sounding acoustics. Link to comment Share on other sites More sharing options...
Batman Posted 2 July, 2020 Share Posted 2 July, 2020 (edited) probably nothing more than MSD (or whoever they are) investing their money for guaranteed higher/steady returns (compared to rates from the bank) basically, buying money! Edited 2 July, 2020 by Batman Link to comment Share on other sites More sharing options...
Jonnyboy Posted 2 July, 2020 Share Posted 2 July, 2020 Sounds like the Mob are battling it out with the Triads over the right to own Shane Long. 1 Link to comment Share on other sites More sharing options...
suewhistle Posted 2 July, 2020 Share Posted 2 July, 2020 I see no mention of large private yachts: it's not happening.. Link to comment Share on other sites More sharing options...
Badger Posted 2 July, 2020 Share Posted 2 July, 2020 (edited) Two obvious questions: Have they outbid Red Bull ? What has become of Dalian Wanda's keen interest ? Edited 2 July, 2020 by Badger Link to comment Share on other sites More sharing options...
Nolan Posted 3 July, 2020 Share Posted 3 July, 2020 (edited) Lander Sports (Uk) International Investment Co., Ltd accounts are overdue. What that means in the grand scheme of things... who knows. Edited 3 July, 2020 by Nolan Link to comment Share on other sites More sharing options...
SuperSAINT Posted 3 July, 2020 Share Posted 3 July, 2020 8 hours ago, Badger said: Two obvious questions: Have they outbid Red Bull ? What has become of Dalian Wanda's keen interest ? He’s on holiday. Link to comment Share on other sites More sharing options...
le_tiss Posted 3 July, 2020 Share Posted 3 July, 2020 10 hours ago, Jonnyboy said: Sounds like the Mob are battling it out with the Triads over the right to own Shane Long. Link to comment Share on other sites More sharing options...
Nolan Posted 3 July, 2020 Share Posted 3 July, 2020 Sunderland's Local Paper looks to be the first media to cover it. http://www.sunderlandecho.com/sport/football/sunderland-afc/michael-dell-and-his-msd-uk-holdings-group-invest-southampton-year-after-their-sunderland-takeover-talks-began-2902625 Link to comment Share on other sites More sharing options...
Saint Garrett Posted 3 July, 2020 Share Posted 3 July, 2020 Surely the Echo / Club will have to release some kind of statement on this? Link to comment Share on other sites More sharing options...
charliemiller Posted 3 July, 2020 Share Posted 3 July, 2020 There has been a lot going on behind the scenes Its worth noting that the company taking the charge MSD UK Holdings limited 12701276 was only incorporated on the 29th June five days ago and the directors added at the same time . So this is not a company that lent to derby or sunderland , there may be a conection but this a totally new company .....this action is regularly taken , setting up an SPV to purchase a high value asset , it smacks of that in my opinion. More worrying is two levels of ultimate ownership appearing above the UK holding company . The ultimate owner was LANDER SPORTS UK LIMITED 10449153 which is the one i suggested people looked at the accounts published for closely. However Two other companies now appear above LANDER SPORTS UK LIMITED in the ownership tree . LANDER SPORTS INVESTMENTS LIMITED (A CHINESE COMPANY ) AND THE ULTIMATE OWNER OF THE CLUB IS NOW AN AUSTRALIAN COMPANY SOUTHAMPTON SPORTS DEVELOPMENT LIMITED Why we are now owned by a Australian company i have no idea ....maybe MCquarrie who are Aussie have called in there debt and we are in effect in the hands of the reciever and the bank set up the holding company . I am running searches now on the Aussie company . All very odd Link to comment Share on other sites More sharing options...
Nolan Posted 3 July, 2020 Share Posted 3 July, 2020 (edited) 10449153 is the Company number for Lander Sports Investment. Be careful you're not confusing Lander Sports Investment with the completely separate "Lander Sports" that Gao lost control of last year. Edited 3 July, 2020 by Nolan Link to comment Share on other sites More sharing options...
charliemiller Posted 3 July, 2020 Share Posted 3 July, 2020 LANDER SPORTS (UK) iNTERNATIONAL iNVESTMENT CO LIMITED 10449153 WAS THE ULTIMATE OWNER THERE ARE NOW TWO HOLDING COMPANY PARENTS ABOVE THAT ONE CHINESE AND THE OTHER AUSSIE . THE ULTIMATE OWNER IS A AUSSIE COMPANY Link to comment Share on other sites More sharing options...
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