krissyboy31 Posted 31 March, 2009 Share Posted 31 March, 2009 I wonder what witty joke SFC will run with this year. Who can forget the "Blue home kit"... My split sides have only just about healed after that one. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 31 March, 2009 Share Posted 31 March, 2009 Because this parrot is deceased. Trousers only said he was sic(k)! HTH Link to comment Share on other sites More sharing options...
Ivan Katalinic's 'tache Posted 31 March, 2009 Share Posted 31 March, 2009 I wonder what witty joke SFC will run with this year. Who can forget the "Blue home kit"... Will probably be something designed to raise our hopes and then crush them, i.e. "Rupert steps down (more to follow)..." 2 hours later, after this site hits fever pitch, there will be a picture of Rupert getting off the team bus or walking down some stairs. Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 31 March, 2009 Share Posted 31 March, 2009 I asked whether or not this could happen the other day, with SLH taking the brunt for the football club, and I got shouted down. (http://www.saintsweb.co.uk/forum/showthread.php?t=11508) Post 35 and onwards... Can someone WHO ACTUALLY KNOWS tell us, instead of speculating on whether this is an illegal practice or not. Link to comment Share on other sites More sharing options...
Block 5 Posted 31 March, 2009 Share Posted 31 March, 2009 I asked whether or not this could happen the other day, with SLH taking the brunt for the football club, and I got shouted down. (http://www.saintsweb.co.uk/forum/showthread.php?t=11508) Post 35 and onwards... Can someone WHO ACTUALLY KNOWS tell us, instead of speculating on whether this is an illegal practice or not. Ha ha ha ha ha etc etc....... Link to comment Share on other sites More sharing options...
St_Tel49 Posted 31 March, 2009 Share Posted 31 March, 2009 The 99% Seems like we get one of these 'Saints going into Admin' stories every week now. And when the friday deadline goes by we get another, more convoluted, one. If we're going into Admin why do we have to do it on a Friday? Why can't it be done now!! Administration is the new Takeover. Gives us all a reason to log in on Friday Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 31 March, 2009 Share Posted 31 March, 2009 I asked whether or not this could happen the other day, with SLH taking the brunt for the football club, and I got shouted down. (http://www.saintsweb.co.uk/forum/showthread.php?t=11508) Post 35 and onwards... Can someone WHO ACTUALLY KNOWS tell us, instead of speculating on whether this is an illegal practice or not. Just asked a friend about this, he'd know, and he's responded with the following: I know that alot of organisations are taking the parent company in to administration and then starting a new company and buying back the profitable elements! Alot of restaurants groups are going in to admin then buying back the profitable restaurants under a new slightly different group holding company! Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2009 Share Posted 31 March, 2009 Just asked a friend about this, he'd know, and he's responded with the following: I know that alot of organisations are taking the parent company in to administration and then starting a new company and buying back the profitable elements! Alot of restaurants groups are going in to admin then buying back the profitable restaurants under a new slightly different group holding company! Bending the Stock Market rules is one thing....bending the FA rules is usually another....some would say they are a rule unto themselves. Link to comment Share on other sites More sharing options...
Clapham Saint Posted 31 March, 2009 Share Posted 31 March, 2009 I asked whether or not this could happen the other day, with SLH taking the brunt for the football club, and I got shouted down. (http://www.saintsweb.co.uk/forum/showthread.php?t=11508) Post 35 and onwards... Can someone WHO ACTUALLY KNOWS tell us, instead of speculating on whether this is an illegal practice or not. What would happen if SLH sold Southampton FC, the stadium etc to a 'newly established' business for a nominal fee, for example, Southampton Duck Holding or something like that, that all the shareholders create (with the same holdings as before). Would Lowe be done for allowing a company go into liquidation with no assets? The shares of Southampton FC Limited are an asset of SLH and so could be sold. As said earlier (I can't remember if it was this thread or another one) they would have to be sold for "Fair Value" or the Directors might might themselves personably liable (under s238 of the Insolvency act this would be a "Misfeasence"). Secondly the shares of Southampton Football Club Limited are almost certainly covered by Barclays debenture and so anybody selling them (i.e. the Directors at the moment or an Administrator/Liquidator/CVA Supervisor is one is appointed in the future) will require Barclays permission in order to sell them. If Barclays withold permission "unreasonably" then you could apply to court for permission to sell. Unfortunately there is no statutory definition on either "Fair Value" or "unreasonably". :smt017 HTH (Edit for spelling) Link to comment Share on other sites More sharing options...
Clapham Saint Posted 31 March, 2009 Share Posted 31 March, 2009 (edited) Just asked a friend about this, he'd know, and he's responded with the following: I know that alot of organisations are taking the parent company in to administration and then starting a new company and buying back the profitable elements! Alot of restaurants groups are going in to admin then buying back the profitable restaurants under a new slightly different group holding company! This true, however the Companies doing this have to either allow others to bid for the profitable elements (and so may miss out) or demonstrate that the value of the business will decline significantly if the profitable elements are not sold back to them immeadiatly. Either that or have a um.... less scrupulous... Insolvency Practitiner help them out. Edited 31 March, 2009 by Clapham Saint Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 31 March, 2009 Share Posted 31 March, 2009 God i need some sort of good news regarding saints right now but i just can't see it happening. As has been said before on here even if this is pulled off we will probably be shafted by the FA anyways. Seems a good idea in practice. Would the stadium really be worth that much to anyone else anyways ?? I assume that there is little planning permission available on the area ?? Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 31 March, 2009 Share Posted 31 March, 2009 God i need some sort of good news regarding saints right now but i just can't see it happening. As has been said before on here even if this is pulled off we will probably be shafted by the FA anyways. Seems a good idea in practice. Would the stadium really be worth that much to anyone else anyways ?? I assume that there is little planning permission available on the area ?? Due to it being contaminated ground, I'd assume not. I don't think housing can be built there for instance. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 31 March, 2009 Share Posted 31 March, 2009 Contaminated !!!! Are you implying we are as unclean as our neighbours down the road ? Link to comment Share on other sites More sharing options...
hughieslastminutegoal Posted 31 March, 2009 Share Posted 31 March, 2009 My pet mole is on the case but usually makes a mountain out of the proverbial, so no nearer the truth there. My pet beaver was going to be put on the case but I have now decided to keep my pet beaver to myself...The truth will always out... The truth will always out, said my parrott. You seem to be making a serious bid for Fartypants's crown for the most unique sense of "humour". What's happened down there in Devon? Have they put something creepingly toxic in the water? Link to comment Share on other sites More sharing options...
ottery st mary Posted 31 March, 2009 Share Posted 31 March, 2009 You seem to be making a serious bid for Fartypants's crown for the most unique sense of "humour". What's happened down there in Devon? Have they put something creepingly toxic in the water? Sorry, I've been trying to tune into Radio Hampshire to find out what is happening at St Marys..These posters on here keep telling jokes and now are apparently going to try to play football instead of pretending they know everything about the subject. I just wanted to join in and have some friends other than Rupert and Michael who don't al;ways play fair. Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 31 March, 2009 Share Posted 31 March, 2009 Sorry, I've been trying to tune into Radio Hampshire to find out what is happening at St Marys..These posters on here keep telling jokes and now are apparently going to try to play football instead of pretending they know everything about the subject. I just wanted to join in and have some friends other than Rupert and Michael who don't al;ways play fair. Do they really give you internet access in whatever your local equivalent of St Anne's is?? Link to comment Share on other sites More sharing options...
John B Posted 31 March, 2009 Share Posted 31 March, 2009 You seem to be making a serious bid for Fartypants's crown for the most unique sense of "humour". What's happened down there in Devon? Have they put something creepingly toxic in the water? Must be the Cider Link to comment Share on other sites More sharing options...
ottery st mary Posted 31 March, 2009 Share Posted 31 March, 2009 Do they really give you internet access in whatever your local equivalent of St Anne's is?? Cider is prescribed for out patients...I will be getting better soon..I blame Rupert and the Saints.:smt017 Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 31 March, 2009 Share Posted 31 March, 2009 Either that or have a um.... less scrupulous... Insolvency Practitiner help them out Not a slight on you as an individual or your profession as a whole but there seems to be plenty out there, would be difficult for Lowe to 'get away' with that in this instance, that said, again, where there's a will there's a way Link to comment Share on other sites More sharing options...
Clapham Saint Posted 31 March, 2009 Share Posted 31 March, 2009 Not a slight on you as an individual or your profession as a whole but there seems to be plenty out there, would be difficult for Lowe to 'get away' with that in this instance, that said, again, where there's a will there's a way You're right, unfortunately there are plenty out there. However it is a lot easier to shaft creditors when they are a collection of small companies. Barclays and Aviva have the resources and a lot of good IPs on their pannels to fight back in that scenario. They really aren't push overs. Link to comment Share on other sites More sharing options...
washsaint Posted 31 March, 2009 Share Posted 31 March, 2009 This is plainly baloney. A lot of what is being decribed on here is called a 'phoenix pre-pack'. The company I work for has just gone through this and it is quite a stressful experience. If anything like this happened we would get a 10 point deduction - assets are brought from an administrator (even if it is 5 minutes after entering administration). Some pre-packs are for the right reason (unjust court case sueing for money they know the company has not got) whereas a lot appear to be morally (if not legally) wrong. A good example being an IT company called Infonic. At the end of the day a lot of small creditors will take a hit in this scenario. Can't see how the FA would even sanction this. Link to comment Share on other sites More sharing options...
CHAPEL END CHARLIE Posted 31 March, 2009 Share Posted 31 March, 2009 I see no support for this unlikely story in the national or local press today - which means : A - The whole thing is a great pile of sloblock B - They're all keeping stum because of some 'insider dealing' / stock exchange regulations type situation thingy C - No one cares about little old Southampton FC anymore Link to comment Share on other sites More sharing options...
NickG Posted 31 March, 2009 Share Posted 31 March, 2009 Mark Dennis said he was '99% sure' this would happen for what that's worth! he makes saints web forum look itk! As a pundit he is a cracking left back. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 31 March, 2009 Share Posted 31 March, 2009 (edited) At the end of the day a lot of small creditors will take a hit in this scenario. Small local suppliers, experiencing such a knock could turn them over...which seems lost on some who continue to call for admin, being a supplier to SFC would have been listed on your company profile, sadly, now you'd just be worried about your exposure Edited 31 March, 2009 by INFLUENCED.COM Link to comment Share on other sites More sharing options...
Clapham Saint Posted 31 March, 2009 Share Posted 31 March, 2009 This is plainly baloney. A lot of what is being decribed on here is called a 'phoenix pre-pack'. The company I work for has just gone through this and it is quite a stressful experience. If anything like this happened we would get a 10 point deduction - assets are brought from an administrator (even if it is 5 minutes after entering administration). Some pre-packs are for the right reason (unjust court case sueing for money they know the company has not got) whereas a lot appear to be morally (if not legally) wrong. A good example being an IT company called Infonic. At the end of the day a lot of small creditors will take a hit in this scenario. Can't see how the FA would even sanction this. Pre-packs are very easy to abuse if the IP/directors are of low integrity. Sometimes though they really are the best option for creditors. One additional problem is that even when they are the best option the fact that most creditors don't know about it until the deal has already been done means that they can APPEAR to be dodgy even when they aren't. There is quite an interesting Q and A on them here: http://www.epolitix.com/latestnews/article-detail/newsarticle/nick-oreilly-r3/ And before anybody asks, no I'm not the guy being interviewed. That aside though if a prepack were to go ahead at Sains we would get the 10 point deduction. No question. Link to comment Share on other sites More sharing options...
bridge too far Posted 31 March, 2009 Share Posted 31 March, 2009 If 'certain people' engineered a pre-pack, I don't think they'd care one jot about a 10 point deduction. As long as they held on to the assets they were really interested in(maybe development land - who knows). You MAY call me cynical. Link to comment Share on other sites More sharing options...
Clapham Saint Posted 31 March, 2009 Share Posted 31 March, 2009 If 'certain people' engineered a pre-pack, I don't think they'd care one jot about a 10 point deduction. As long as they held on to the assets they were really interested in(maybe development land - who knows). You MAY call me cynical. Cynical :smt110 Link to comment Share on other sites More sharing options...
pfc123 Posted 31 March, 2009 Share Posted 31 March, 2009 .....They would then have to either buy or rent the stadium from Norwich Union who will be ****ed they were not paid back and could block it, chosing to dismantle the stadium and sell the land off.... This stadium- does it come apart easily? I mean would it be ok on the back of flat bed for say, 17 miles? Incoming !!! Link to comment Share on other sites More sharing options...
Mustapha Fag Posted 1 April, 2009 Share Posted 1 April, 2009 Seems Mark Dennis was right then Lot of red faces for the experts on this site i reckon (and not just Lowe's) Link to comment Share on other sites More sharing options...
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