Sorry if this a repetition, but I cannot get over what a crass decision this was..

[Clapham Saint]

Am not an insolvency practioner, but we've been through this before.

 

In short the administrator's first priority is to see that the club's creditors get as much of their money back as possible. He or she runs the club for the time being as cheaply as possible, with that in mind, whilst looking for a buyer.... any buyer. Second priority is to keep the club running as a long term entity, but really only as a way of ensuring the creditors (which may include unpaid employees) get paid.

 

Sentiment, history, tradition, all count for nothing. IMO administrator would sell off training ground, and even stadium if there is a buyer (admittedly unlikely), cancel as many players contracts as possible, selling off any that will raise a fee. Run with smallest squad possible....quality irrelevant. Results irrelevant. Stop any non-essential expenditure such as reserve/youth team/academy.

 

The possibility of Lowe buying back the club is hard to quantify. How much money has he elsewhere? Would he want to? I don't know. No one on here is likely to be sufficiently ITK to answer those questions I'd have thought. All we can say is that it is a finite possibility. The administrator will take whatever offer seems best for the creditors .. not best for the long term future, let alone the fans.

 

If no buyer is found in a reasonable time and debts remain with no prospect of improvement, he would eventually close the club down and sell off all assets. End of Saints.

 

K.

 

Pretty much as above however the only reason to continue trading is to acheive a higher price for the Company's assets. In this case the Ground, the "Club" and the player registrations.

 

What happens would be impossible for us outside the club to predict.

 

If an investor shows up and says that he will buy the club for £20m but the offer is dependent upon retaining current players then the administrator must take that into account if (for example) a club makes a low bid for Surman. He would run the club (and incur the costs) in expecation of being able to make the sale.

 

Alternatively if nobody makes any bids or enquiries for the club then the administrator will no want to incur any of the running costs and so get what ever he can for the players and will shut down.

 

He would most likely not want to close the club until he had sold all of the players however as as soon as the club stopped trading the value of the players who colapse to zero.

[Gemmel]

Pretty much as above however the only reason to continue trading is to acheive a higher price for the Company's assets. In this case the Ground, the "Club" and the player registrations.

 

What happens would be impossible for us outside the club to predict.

 

If an investor shows up and says that he will buy the club for £20m but the offer is dependent upon retaining current players then the administrator must take that into account if (for example) a club makes a low bid for Surman. He would run the club (and incur the costs) in expecation of being able to make the sale.

 

Alternatively if nobody makes any bids or enquiries for the club then the administrator will no want to incur any of the running costs and so get what ever he can for the players and will shut down.

 

He would most likely not want to close the club until he had sold all of the players however as as soon as the club stopped trading the value of the players who colapse to zero.

 

 

ClaphamSaint, can you explain what will / could happen with regard to the stadium. Given we don't effectively own it, how would Administrators deal with Aviva or would it just be down to what Aviva want?

[dubai_phil]

...not taking administration last week.

 

Our first team, with dubious ability to fight themselves out of the relegation zone already, is beginning to pick up injuries, exemplified by Gillet.

 

Our reserves are utter w**k and completely incapable of stepping up to fill the void.

 

We didnt get any loans in.

 

We are down more than a whore in a knocking shop, and next season a large section of our fans (including ST holders) are to desert the club in droves.

 

The club is going to go utterly insolvent, so we lose at least 10 points next season, so are fighting against relegation into Division 4, especially as anyone who kick trap and kick a ball will be sold.

 

What a truly ego-driven decision that was...

 

One assumption we all keep making is that if we survive Lowe & Wilde will stay as Board members.

 

Because we are so set in our beliefs, we never think there is any likelihood that they would both take a step back for the good of the club and their investment and invite in a neutral chairman.

 

I am not saying this could happen, it is just that we are always convinced we know all the facts and all the personalities.

 

personally I think I have more chance of winning the UK Lottery on Wednesday without buying a ticket than I think they WOULD step aside, I just observe that what we take as set in stone isn't always the case - assumptions make bad decisions - after all I'm in a desert who'd believe I can't leave home because of the floods...

[Channon's Sideburns]

One assumption we all keep making is that if we survive Lowe & Wilde will stay as Board members.

 

Because we are so set in our beliefs, we never think there is any likelihood that they would both take a step back for the good of the club and their investment and invite in a neutral chairman.

 

I am not saying this could happen, it is just that we are always convinced we know all the facts and all the personalities.

 

personally I think I have more chance of winning the UK Lottery on Wednesday without buying a ticket than I think they WOULD step aside, I just observe that what we take as set in stone isn't always the case - assumptions make bad decisions - after all I'm in a desert who'd believe I can't leave home because of the floods...

 

Well, if Lowe and Wilde were THAT reasonable they wouldn't have massaged each other's egos when they came back...

 

They could have both declared that an independent CEO and Football Chairman was the way forward, but no. They wanted to be in charge.

 

It's all about EGO.

 

Can you see Rupert 'walking away' after the balls up he's caused? Oh no, he's here to finish us off this time.

[OldNick]

Pretty much as above however the only reason to continue trading is to acheive a higher price for the Company's assets. In this case the Ground, the "Club" and the player registrations.

 

What happens would be impossible for us outside the club to predict.

 

If an investor shows up and says that he will buy the club for £20m but the offer is dependent upon retaining current players then the administrator must take that into account if (for example) a club makes a low bid for Surman. He would run the club (and incur the costs) in expecation of being able to make the sale.

 

Alternatively if nobody makes any bids or enquiries for the club then the administrator will no want to incur any of the running costs and so get what ever he can for the players and will shut down.

 

He would most likely not want to close the club until he had sold all of the players however as as soon as the club stopped trading the value of the players who colapse to zero.

Clapham as you have experience as an administrator would you be fearful of us going into it? I believe it would be disasterous but it would be useful to know your feelings. Apologies if you have answered this elsewhere.

[Window Cleaner]

Well, if Lowe and Wilde were THAT reasonable they wouldn't have massaged each other's egos when they came back...

 

They could have both declared that an independent CEO and Football Chairman was the way forward, but no. They wanted to be in charge.

 

It's all about EGO.

 

Can you see Rupert 'walking away' after the balls up he's caused? Oh no, he's here to finish us off this time.

 

Independent CEOs on a full time basis cost money don't they??

We haven't any, just get used to that fact, it explains everything.

[Window Cleaner]

Clapham as you have experience as an administrator would you be fearful of us going into it? I believe it would be disasterous but it would be useful to know your feelings. Apologies if you have answered this elsewhere.

 

I doubt if he wants to express an opinion to be honest.

[OldNick]

I doubt if he wants to express an opinion to be honest.

Why,surely it isnt binding. He is better placed than most to understand the ramifications of doing so.

[Window Cleaner]

Why,surely it isnt binding. He is better placed than most to understand the ramifications of doing so.

 

You know these "professional" guys are usually quite wary about giving a (free) opinion about anything to do with their field of expertise. I don't, I confine myself to subjects which I know nothing whatsoever about.

[Dibden Purlieu Saint]

No-one has answered my previous query. Can you just put a company into administration, even if the company isn't going to in the long run?

[Window Cleaner]

No-one has answered my previous query. Can you just put a company into administration, even if the company isn't going to in the long run?

 

well I think you have to have some debts to administer,otherwise you just wind up the company or get someone else in to run it.Administrators cost money, no point in getting them in if what you really want is a CEO or Operations Director.

 

Oh I see what you mean can a creditor put you into administration? no I think they have to apply either for a winding up order in the courts or ask the courts to make you pay what you owe them. Look up Cardiff and err whatever that creditor was called.

[Channon's Sideburns]

Independent CEOs on a full time basis cost money don't they??

We haven't any, just get used to that fact, it explains everything.

 

So Rupert and Cowen are working for nothing then? Wilde doesn't claim expenses?

[Hopkins]

Some of the replies on here are hillarious.

 

They go from deluded - "we arent going down" to very deluded "relegation doesnt mean administration follows"

 

No doubt that is why a lot of them are abusive replies.

 

 

You are a mug.

 

Maybe we will go down. Maybe we won't. Who knows. Fact is it is in our hands whether we go down or not. We win all our games we stay up. Fact is we have a chance. Fact is going into administration ends that chance.

 

Why would we be dumb enough to end that chance?

 

If we had gone into administration, I have no doubt what so ever that you would have posted a thread on here slating Lowe for ruining any hopes of staying up, saying how he has a lack of faith in the players and how he has let the fans down.

[Smirking_Saint]

Not trying to sound funny, but we have a game in hand and also are only 3 points away from two teams above us (albiet with better GD) if we win the game in hand there is a concievable chance that we are going to get out of it, so why doom us ?? We have 7 games left, thats 21 points to play for !!

 

Why would anybody decide to write us off with 7 games left and that many points on the table, it's not like we are in Charltons shoes.

 

Also, what is the obsession with administration ? It has to be the worst possible scenario, ok, it may remove Lowe/Wilde but it may also remove everything and everyone at the club, especially in this financial climate as i can hardly see anyone climbing over each other to buy the club.

 

For christ sake get some sense and realisation, if we enter admin it could kill us, end off. Would you really rather no club then put up with Lowe/Wilde ?

 

The conspiracy theories on here do make me laugh. Have some faith.

[Window Cleaner]

So Rupert and Cowen are working for nothing then? Wilde doesn't claim expenses?

 

Rupert is on 2 days a week pro-rata, probably 60K a year. Cowan now? is it 1 day a week for 25K/annum or something like that. Wilde probably claims minimal expenses for the little time he spends at board meetings or whatever;He's allowed but few days in the UK anyway. In fact he beefed with the old board about arranging too many board meetings and running up expensive slates.

You can be sure that all 3 of them put together don't earn more that Lawrie Mac 'ambassadorial expenses" last year. Probably far less.Then we had Hoos,Hone,Dulieu,Oldknow, all on salaries plus all the other odd bods sticking in their expense chits now and again. Jeez do we need to get those half year figures out, it will put a definitive end to all this money nonsense.

In my (uninformed) opinion we have slashed every penny off the outgoings thats is possible, otherwise with what we're getting through the gate we'd have been goners months ago.

[alpine_saint]

You are a mug.

 

Maybe we will go down. Maybe we won't. Who knows. Fact is it is in our hands whether we go down or not. We win all our games we stay up. Fact is we have a chance. Fact is going into administration ends that chance.

 

Why would we be dumb enough to end that chance?

 

If we had gone into administration, I have no doubt what so ever that you would have posted a thread on here slating Lowe for ruining any hopes of staying up, saying how he has a lack of faith in the players and how he has let the fans down.

 

I'm surpised some people are so stupid that need it spelling out in words of single syllable and non jpined-up writing..

 

To try to prevent the damage spreading into next season and leading to an additional relegation, seeing as in reality there is absolutely f**k-all chance of saving this season ???

 

 

As for your last point, that is hardly likely considering I am one of a small minority on here that has been calling for administration for the past 6 months.

 

[St Paul]

The -15 at Leeds was for some sort of dodgy dealing or other. It was not

specifically linked to the administration itself but to something untoward

during (or on exiting) administration.If you manage admnistration according to everybody's rules about it there are no automatic points penalties other than 10 points (whenever) for going into admin in the first place,unless of course you're a recividist..

It was for exiting admin without a CVA, and as the Revenue are committed to challanging every CVA until the Football Creditors rule is changed, any Club that owes the Revenue will not get a CVA.

League rules say you cannot compete in the league without your golden share. The Golden share will not be transfered to the new owners post admin, unless the Club come out of admin with a CVA. The Revenue opposed Leeds' CVA, so the League impossed a 15 point deduction in return for the golden share. This has now become standard practise, if any Club leaves admin without a CVA these points will be deducted. Boscombe had another 2 added because of previous admin and Luton had more added for irregularities.

If the Football League allow any Club to come out of admin without a CVA, and don't deduct the extra points, then Ken Bates' lawyers will have a field day.

 

In our case it's all a question of how much we owe the Revenue, but 9 times out of 10 it's money owed to the revenue that pushes clubs into admin.

[Give it to Ron]

I'm surpised some people are so stupid that need it spelling out in words of single syllable and non jpined-up writing..

 

To try to prevent the damage spreading into next season and leading to an additional relegation, seeing as in reality there is absolutely f**k-all chance of saving this season ???

 

 

As for your last point, that is hardly likely considering I am one of a small minority on here that has been calling for administration for the past 6 months.

 

 

But there is an added bonus next season of the additional TV revenue that is about £3m.

The major problem is that having watched us play abysmally in our last 4 games I cant see where we will get the points to stay up.

[Window Cleaner]

It was for exiting admin without a CVA, and as the Revenue are committed to challanging every CVA until the Football Creditors rule is changed, any Club that owes the Revenue will not get a CVA.

League rules say you cannot compete in the league without your golden share. The Golden share will not be transfered to the new owners post admin, unless the Club come out of admin with a CVA. The Revenue opposed Leeds' CVA, so the League impossed a 15 point deduction in return for the golden share. This has now become standard practise, if any Club leaves admin without a CVA these points will be deducted. Boscombe had another 2 added because of previous admin and Luton had more added for irregularities.

If the Football League allow any Club to come out of admin without a CVA, and don't deduct the extra points, then Ken Bates' lawyers will have a field day.

 

In our case it's all a question of how much we owe the Revenue, but 9 times out of 10 it's money owed to the revenue that pushes clubs into admin.

 

I think someone informed us (correctly or not) that we're up to date with our payments to the IR.I do think that whatever the result on the field the club is being wisely and scrupulously run.The players are apparently being paid in full and if we're up to date with the IR well the situation's not so bad.

I'm sure those that know the true situation are acting in the best interests of the PLC and the shareholders. If the football's crap,then it's because we just can't afford anything better until overheads are whittled down to a reasonable level.

How anyone can berate the board for not putting the club into administration when they don't know their arse from their elbow about the accounts I just couldn't say.

[(not THE) Kevin Moore]

I'm surpised some people are so stupid that need it spelling out in words of single syllable and non jpined-up writing..

 

To try to prevent the damage spreading into next season and leading to an additional relegation, seeing as in reality there is absolutely f**k-all chance of saving this season ???

 

 

As for your last point, that is hardly likely considering I am one of a small minority on here that has been calling for administration for the past 6 months.

 

 

I presume there was also **** all chance of us staying up last season also? It will be a struggle to stay up, but to write us off when there is so much to play for is pessimistic for even you 'Mr Glass is not only half full but half full of **** and vomit FFS,'

[OldNick]

I'm surpised some people are so stupid that need it spelling out in words of single syllable and non jpined-up writing..

 

To try to prevent the damage spreading into next season and leading to an additional relegation, seeing as in reality there is absolutely f**k-all chance of saving this season ???

 

 

As for your last point, that is hardly likely considering I am one of a small minority on here that has been calling for administration for the past 6 months.

 

Absolutely no chance of saving this season!!!! Alpine come on, you dont believe that really do you?

This time last season we had just lost 5-0 away to Hull and drawn our home game 0-0 to Coventry.We followed that by an away defeat to Cardiff and then a home win to Bristol.

That left us with 4 games to play and lost 1 drew 2 and won 1. That form was hardly awe inspiring. In the last 7 games last year we took 9 points,(2 wins 3 draws and 2 defeats) if we improve on that , I believe we will then we will stay up.

[Clapham Saint]

Clapham as you have experience as an administrator would you be fearful of us going into it? I believe it would be disasterous but it would be useful to know your feelings. Apologies if you have answered this elsewhere.

 

Yes I would be very worried and would avoid if at all possible.

 

For those that say administration is inevitable I would be using whatever time we have before that actually happens to actively market the club.

 

When a buyer is found the "club" could be sold to a new company set up by the investor. He could then also pay off the football related debts on behalf of SLH.

 

SLH could then go into administration but the "Club" would be protected and on its merry way in a new company.

 

If SLH goes into administration with no buyer on the horizon a fire sale will ensue and I don't see how anybody could argue that we would be be in a better posiition.

 

The only "plus" of going into administration would be that Lowe and Wilde would not be in control, however the alternative to the Deevil we know is somebody who's sole objective to to realise as much money as possible for creditors.

 

I struggle to see how that leaves the club in a better position.

[OldNick]

But there is an added bonus next season of the additional TV revenue that is about £3m.

The major problem is that having watched us play abysmally in our last 4 games I cant see where we will get the points to stay up.

To be fair dide we in the run in last season? Bristol City and Sheff U were good but the home game against Burnley was about the worst i can recall in years.

[ottery st mary]

Rupert is on 2 days a week pro-rata, probably 60K a year. Cowan now? is it 1 day a week for 25K/annum or something like that. Wilde probably claims minimal expenses for the little time he spends at board meetings or whatever;He's allowed but few days in the UK anyway. In fact he beefed with the old board about arranging too many board meetings and running up expensive slates.

You can be sure that all 3 of them put together don't earn more that Lawrie Mac 'ambassadorial expenses" last year. Probably far less.Then we had Hoos,Hone,Dulieu,Oldknow, all on salaries plus all the other odd bods sticking in their expense chits now and again. Jeez do we need to get those half year figures out, it will put a definitive end to all this money nonsense.

In my (uninformed) opinion we have slashed every penny off the outgoings thats is possible, otherwise with what we're getting through the gate we'd have been goners months ago.

 

 

Windows you have guessed Ruperts wages before and always come up with very Lowe figures that appear to me to suit your hidden agenda in all things sweet for Rupes.:smt017 The truth is that his wage is in the £200,000...+ per year and my guess is better than yours by a long way.....What a little bird told me.

The actual figure would give the game away....I am sure jonah will put us right....Although he is a computer mechanic and no knowledge of serious financial matters..someone tries to put him on the right lines in Ruperts favour....Your not talking to each other by chance.:smt049

 

All in my opinion and that of the little owl that sits on my garden fence.

[OldNick]

Yes I would be very worried and would avoid if at all possible.

 

For those that say administration is inevitable I would be using whatever time we have before that actually happens to actively market the club.

 

When a buyer is found the "club" could be sold to a new company set up by the investor. He could then also pay off the football related debts on behalf of SLH.

 

SLH could then go into administration but the "Club" would be protected and on its merry way in a new company.

 

If SLH goes into administration with no buyer on the horizon a fire sale will ensue and I don't see how anybody could argue that we would be be in a better posiition.

 

The only "plus" of going into administration would be that Lowe and Wilde would not be in control, however the alternative to the Deevil we know is somebody who's sole objective to to realise as much money as possible for creditors.

 

I struggle to see how that leaves the club in a better position.

Thankyou, it is as i would have expected but I needed confirmation of that.

[Clapham Saint]

Thankyou, it is as i would have expected but I needed confirmation of that.

 

I do understand the point about being 10 points worse off next season by "putting it off", however given that we are still capable of avoiding the drop this season it seem recless to jump off a bridge now.

 

And on a purely practical note its an irrelevant point now anyway as we're past the deadline.

[Give it to Ron]

To be fair dide we in the run in last season? Bristol City and Sheff U were good but the home game against Burnley was about the worst i can recall in years.

 

Plus Cardiff away...on the way home from that game I had us relegated....can lightening strike twice?

I certainly hope so.....losing Gillet will be a big blow and only leaves us a couple of options Wotton did well when he came on against Blackpool.

With 7 games to go experiments are not the time but I have seen Lloyd play really well in the middle its his best position - he is the same type as Gillet a terrier and I think passes better.

3 points against Charlton is a must otherwise that fat lady will be warming up again.

[Alanh]

The overall premise of this thread is that administration is inevitable if we go down. Personally I think that's an false assumption and there are enough costs leaving the business in the form of big money contracts expiring to enable us to cut the cost base enough to survive even on L1 revenues. IMO, and I'm not ITK at all (but then nor is anyone else on here), provided the season ticket numbers hold up at about 9K and overall gates remain at around 13 - 14K it will be possible to construct a viable budget.

 

The things that are most likely to send us down are the salaries of Rasiak, Skacel and Saga if we have to pay all their wages next season on a L1 budget. No fault of the players, more the fault of whoever signed them, although I doubt they envisaged us being in L1 at any point in the duration of their contracts.

[Hopkins]

I'm surpised some people are so stupid that need it spelling out in words of single syllable and non jpined-up writing..

 

To try to prevent the damage spreading into next season and leading to an additional relegation, seeing as in reality there is absolutely f**k-all chance of saving this season ???

 

 

As for your last point, that is hardly likely considering I am one of a small minority on here that has been calling for administration for the past 6 months.

 

 

Absolutely **** all chance of saving this season? It is in our hands.

 

**** next season. We have this season to play for. If we go down, oh well nevermind, we will deal with the consequences then. I'd much rather be in this league 10 points down that in a ****ter league with a clean slate.

[jonah]

The truth is that his wage is in the £200,000...+ per year and my guess is better than yours by a long way.....What a little bird told me.

The actual figure would give the game away....

 

I wasn't aware he was drawing any salary, but I'm sure the accounts will clarify. When we got relegated his salary was reduced to £140k - so I would imagine at worst he is drawing £56k for 2 days per week. So not even as much as it costs to have Lawrie turn up on a Saturday in hospitality, quite a bit less than the £200k they were paying Hone alone, and some way off the Dulieu + Oldknow + Hone + Hoos costs in excess of £500k pa eh Crayon Boy ;-)

 

I am sure jonah will put us right....Although he is a computer mechanic and no knowledge of serious financial matters..

 

You're right, it's all just a fantasy, I sit at a computer in my garden shed playing Wagazoo all day.

[Window Cleaner]

, I sit at a computer in my garden shed playing Wagazoo all day.

 

 

Become an MP, I'm sure you could claim expenses for that.

[jonah]

Become an MP, I'm sure you could claim expenses for that.

 

I could never get used to the chaffing underwear.

[Clapham Saint]

ClaphamSaint, can you explain what will / could happen with regard to the stadium. Given we don't effectively own it, how would Administrators deal with Aviva or would it just be down to what Aviva want?

 

As with everything else that the Company owns it would be up for sale.

 

The Stadium would be sold to whoever offers then most for it and Aviva get first bite at being re-paid from the proceeds. This obvoiusly means less (if any) money being left over to help in paying off the football related debts.

 

In the current market I doubt that many purchasers will be in the offing. A couple of years ago some property developers may have been interested but I doubt that interest would be that high today.

 

On that basis it is likely to be worth most to whoever buys the club (assuming that somebody does) and so would probably be sold to them.

 

I assume that Aviva have a fixed charge over the stadium and so the administrator would need to their permission in order to sell it. In practice this would probably be a formality, however if there are no offers from developers and the offer made by the eventual purchaser of the club was too low AVIVA could block the sale.

 

Bit of a ramble but I hope that makes sense. Let me know if not.

[ottery st mary]

I wasn't aware he was drawing any salary, but I'm sure the accounts will clarify. When we got relegated his salary was reduced to £140k - so I would imagine at worst he is drawing £56k for 2 days per week. So not even as much as it costs to have Lawrie turn up on a Saturday in hospitality, quite a bit less than the £200k they were paying Hone alone, and some way off the Dulieu + Oldknow + Hone + Hoos costs in excess of £500k pa eh Crayon Boy ;-)

 

 

 

You're right, it's all just a fantasy, I sit at a computer in my garden shed playing Wagazoo all day.

 

 

Let us hope the accounts stand up to scrutiny and not as per the jonah school of financial wizadry or what you concoct in your little shed.:---)

Rupes says keep up the good work with your little wagazoo formation flying team.:smt049 AND you leave my crayons out of this.

[CB Fry]

I'm surpised some people are so stupid that need it spelling out in words of single syllable and non jpined-up writing..

 

To try to prevent the damage spreading into next season and leading to an additional relegation, seeing as in reality there is absolutely f**k-all chance of saving this season ???

 

 

As for your last point, that is hardly likely considering I am one of a small minority on here that has been calling for administration for the past 6 months.

 

 

 

Fu c k all chance, he says .

 

Christ, I'm pessimistic but we beat the worst team in the div at home on Sat, and then win our game in hand against a team with not much to play for and we're well on the way to surviving.

 

Charlton have **** all chance.

 

We have a chance.

 

You are an utter moron.

[St Marco]

The thing which i do find odd is that they said we didn't need loan signings. That is fair enough but clubs around us have strengthend in the past few weeks with loans.

We have if i remember right 6 games in 2 weeks starting saturday. 3 games in 6 days. With so many games in a short period of time there will be injuries. The older players might find that run in a bit tough. If we lose one of the backs i.e Perry or Size who will we have who can do a job? Olly? If these experienced players get injured we have nobody with the ability to cover them. It will be the return to playing with kids, we saw how that went.

With so many crap fringe players the club needed to get in someone who can help the club. We have players like Pullis,Gasmi,Molyneux,Liptak,Smith etc who are not helping the team one bit.

There were a lot of decent players who could of helped out if someone got injured.

You had Ian Harte go to Carlisle....Dos Santos go to Ipswich, Gunter go to Forest along with Blackstock and Everton keeper Turner, Lee Hughes went to Blackpool, Lua Lua to Doncaster, Sodje to Leeds, Stepanov and Rose to Watford, Alan Lee to Norwich, Taarabt to QPR, Kitson to Reading and Eustace to Derby etc etc

Lots of decent players who will help those clubs no doubt.

Why did we not try to get any players in?

I can't help but think because maybe nobody wanted to come in, maybe Wotte has no influence over players outside the club in the same way say Pearson does etc.

Going into the last 7 games with 6 games within the next 2 weeks with no cover for many positions seems like the ball being dropped to me.

I hope Wottes arrogance of "i don't need to bring in any players, the squad we have are playing for their careers" pays off.

[Window Cleaner]

The thing which i do find odd is that they said we didn't need loan signings. That is fair enough but clubs around us have strengthend in the past few weeks with loans.

We have if i remember right 6 games in 2 weeks starting saturday. 3 games in 6 days. With so many games in a short period of time there will be injuries. The older players might find that run in a bit tough. If we lose one of the backs i.e Perry or Size who will we have who can do a job? Olly? If these experienced players get injured we have nobody with the ability to cover them. It will be the return to playing with kids, we saw how that went.

With so many crap fringe players the club needed to get in someone who can help the club. We have players like Pullis,Gasmi,Molyneux,Liptak,Smith etc who are not helping the team one bit.

There were a lot of decent players who could of helped out if someone got injured.

You had Ian Harte go to Carlisle....Dos Santos go to Ipswich, Gunter go to Forest along with Blackstock and Everton keeper Turner, Lee Hughes went to Blackpool, Lua Lua to Doncaster, Sodje to Leeds, Stepanov and Rose to Watford, Alan Lee to Norwich, Taarabt to QPR, Kitson to Reading and Eustace to Derby etc etc

Lots of decent players who will help those clubs no doubt.

Why did we not try to get any players in?

I can't help but think because maybe nobody wanted to come in, maybe Wotte has no influence over players outside the club in the same way say Pearson does etc.

Going into the last 7 games with 6 games within the next 2 weeks with no cover for many positions seems like the ball being dropped to me.

I hope Wottes arrogance of "i don't need to bring in any players, the squad we have are playing for their careers" pays off.

 

We just couldn't afford any that would have done us any good. Wotte virtually said so. Wotte also said there was no money for loan signings.If,as has been reported, we couldn't afford to slip Notts Co the 100K that we owe them then we may have had our recruitment suspended until we do pay them.

[Northant Saint]

This is based on the premise that administration is inevitable eventually anyway. If we aren't quite that skint the argument falls apart.

 

I don't know how many times those of us who know a little about business have to explain to explain that administration is a very unpleasant process and not something to wish for, however much you loathe lowe and wilde.

 

And btw I don't agree that fan will desert the club next season in droves. We seem to be down to a pretty loyal hard core of 16/17k home fans. I reckon the numbers would be similar next season if we stay up -- better if we stay up and do well. And if we go into L1 numbers will fall a little but not much further ..and will recover dramatically if we have a good run even in a lower division.

 

K.

 

Very good post. :smt038

[lordswoodsaints]

the powers that be (lowe,wilde,barclays or any other ****er that is involved) must think we have a fair chance of surviving or they would have taken the plunge.....only a guess.

Edited 30 March, 2009 by lordswoodsaints

[Northant Saint]

Some of the replies on here are hillarious.

 

They go from deluded - "we arent going down" to very deluded "relegation doesnt mean administration follows"

 

No doubt that is why a lot of them are abusive replies.

 

 

You really are f******* unbelievable.

 

Don't you understand- WE STILL HAVE A CHANCE. And you wonder why you get abusive replies???

 

It would be the most shameful thing in the clubs history to go voluntarily into administration whilst we could potentially get out of the situation we are in. You and probably none off us on this forum possess enough information regarding the finances off the club to criticise whether or not we should raise the white flag.

[JibMcdo]

Everyone in the football world would be absolutely gobsmacked that a team only 3 points away from safety gave up and admitted defeat. Looking from the outside in, the decision would look ridiculous.

 

It just goes to show the defeatist and negative mentality of certain fans that makes them believe it would be viable for the club.

 

We beat Charlton and it's on!!!

[thefuriousb]

Yes I would be very worried and would avoid if at all possible.

 

For those that say administration is inevitable I would be using whatever time we have before that actually happens to actively market the club.

 

When a buyer is found the "club" could be sold to a new company set up by the investor. He could then also pay off the football related debts on behalf of SLH.

 

SLH could then go into administration but the "Club" would be protected and on its merry way in a new company.

 

If SLH goes into administration with no buyer on the horizon a fire sale will ensue and I don't see how anybody could argue that we would be be in a better posiition.

 

The only "plus" of going into administration would be that Lowe and Wilde would not be in control, however the alternative to the Deevil we know is somebody who's sole objective to to realise as much money as possible for creditors.

 

I struggle to see how that leaves the club in a better position.

 

With all due respect, Alpine's views are the only ones that count.

 

Please take your expert professional opinion somewhere else, if you would be so kind ;-)

[Millbrook Saint]

I think anyone who was thinking we were going to go into administration were deluding themselves.

 

Lowe is not interested what division we're playing football in as long as he still owns his shares, to that end he will do anything he can to stop us going into administration even if the consequences are getting relegated. It would never have benefited lowe if we went into admin, the club, maybe by getting rid of him.

 

A team in div 3 or 4 would suit lowe more than losing his shares so I don't think he will ever voluntarily put the club into admin, it will have to be forced upon him by the bank or whoever.

[um pahars]

Independent CEOs on a full time basis cost money don't they??

We haven't any, just get used to that fact, it explains everything.

 

But as we found out when we went for the cheap option with Poortvliet (and many of his signings) you often get what you pay for. If we can afford to pay Pulis not to play, then there must be some money floating around.

 

Just as with the manager, the CEO is a pretty important position and not one that we should be scrimping about with. It's all about prioritising and I would put a decent CEO pretty high up on our shopping list, not least because we have seen what happens when you employ duff ones!!!

 

I'd also argue that we could well do with someone at the Club on a full time basis devoting their full attention to the Club.

 

If the football's crap,then it's because we just can't afford anything better until overheads are whittled down to a reasonable level.

 

I'd argue that the reason the football was crap for the first 30 games was more to with the decision to employ Poortvliet than to do with money.

 

Let's not forget that the main reason why we are in the mire is down to the appaling decision to appoint Poortvliet.

 

We had plenty of options and choices, and whilst money ruled out some routes we could have gone down, it didn't dictate that we had to go for the Revolutionary Coaching Set Up under Poortvliet.

 

 

 

And going back to the OP, it is my belief that we should be doing whatever we can to avoid Administration and the dire consequences that will inevitably follow it.

[St Louis]

it will have to be forced upon him by the bank or whoever.

 

Believe me, this is a lot closer than many on here think. And I am not just saying that to stir things up.

[aintforever]

3 points behind with 21 left to play for - only an idiot (Alpine?) would chuck the towel in.

[Stirchleysaint]

Alpine - things may become as bad as you view them but that isn't yet the case. Surviving this season should pull us away from the threat of administration immediately.

[Fitzhugh Fella]

Believe me, this is a lot closer than many on here think. And I am not just saying that to stir things up.

 

I believe the club came extremely close to going into administration last week but someone from outside the club took financial steps to prevent it happening. I know no more - just a whisper on a grapevine.

[jasoneuelllfanclub]

Mark Dennis on Radio Hants said about 30 mins ago that the PLC will be going into "administration" very soon. By doing this the football club is not going into "administration" meaning they avoid the ten point deduction which I believe would be have happened next season now. He stated it as fact not an opinion but I dont know whether he is in the know or just guessing. I sometimes take what he says with a pinch of salt however he seemed very adamant mit was going to happen.

[St Louis]

Mark Dennis on Radio Hants said about 30 mins ago that the PLC will be going into "administration" very soon. By doing this the football club is not going into "administration" meaning they avoid the ten point deduction which I believe would be have happened next season now. He stated it as fact not an opinion but I dont know whether he is in the know or just guessing. I sometimes take what he says with a pinch of salt however he seemed very adamant mit was going to happen.

 

Im not saying this to attention seek (those on here who know me, know that isn't my style!) but there should be some news on this in the very near future! "People" are losing patience, shall we say!

 

I have no idea about the alternative that Mark Dennis has discussed, but I just hope it is a viable option!