hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 Correct. So it is desire. Glad to clear that up even if it was rather long-winded Link to comment Share on other sites More sharing options...
John B Posted 31 March, 2009 Share Posted 31 March, 2009 all over sky sports apparently http://www.skysports.com/football/ Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2009 Share Posted 31 March, 2009 Last time he was banned a reappeared until I outed his new persona which was then banned again. I imagine he has a new name and is posting on here. Out of curiosity, what was the outed persona? Ta Link to comment Share on other sites More sharing options...
saint_stevo Posted 31 March, 2009 Share Posted 31 March, 2009 as a Life Long Saint 's fan this is shocking news Link to comment Share on other sites More sharing options...
saint lard Posted 31 March, 2009 Share Posted 31 March, 2009 Source? Breaking news on SSN. Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2009 Share Posted 31 March, 2009 as a Life Long Saint 's fan this is shocking news I think we may have met our Waterloo Saint Link to comment Share on other sites More sharing options...
Under Weststand Posted 31 March, 2009 Share Posted 31 March, 2009 Source? Its on Sky sports News now, Saying its unconfirmed reports but say a decision has been made and its to be announced in the morning. Link to comment Share on other sites More sharing options...
um pahars Posted 31 March, 2009 Share Posted 31 March, 2009 as a Life Long Saint 's fan this is shocking news And it may make your Burnley day out very expensive as will be drowning my sorrows in a massive styleeeeee Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2009 Share Posted 31 March, 2009 Breaking news on SSN. Good of him to wait for the day we (allegedly) go down the pan before switching to plan B then.... Link to comment Share on other sites More sharing options...
Viking Warrior Posted 31 March, 2009 Share Posted 31 March, 2009 My Source is a former newcastle player who still does staff at newk. I guess its common knowledge if its being reported on sky Link to comment Share on other sites More sharing options...
Mole Posted 31 March, 2009 Share Posted 31 March, 2009 I think we may have met our Waterloo Saint I know who this is. Link to comment Share on other sites More sharing options...
Sussex Saint Posted 31 March, 2009 Share Posted 31 March, 2009 http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6012015.ece Oh dear oh dear.. Link to comment Share on other sites More sharing options...
Mole Posted 31 March, 2009 Share Posted 31 March, 2009 So it is desire. Glad to clear that up even if it was rather long-winded It's a silver lining. Link to comment Share on other sites More sharing options...
hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 Out of curiosity, what was the outed persona? Ta I honestly can't remember, it was so long ago. He blamed me for getting him banned the first time because I reported his aggressive posts and PMs (I was sick of the bloke.) He came back a week later and referred to me by name in one of his posts. I grew suspicious and turned out it was him. If I remember I'll let you know! (someone else on here might remember.) Link to comment Share on other sites More sharing options...
saint_stevo Posted 31 March, 2009 Share Posted 31 March, 2009 Please let it be a takeover, so help me rhonda Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2009 Share Posted 31 March, 2009 (edited) http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6012015.ece Oh dear oh dear.. April 1, 2009 Financial woes at Southampton Football Club jeopardise listed parent Southampton Football Club's listed parent company was teetering on the brink of administration last night after the club failed to agree an extension of its overdraft with Barclays Bank. Shares in the AIM-listed Southampton Leisure Holdings will be suspended this morning and Begbies Traynor, the accountancy firm, is standing by to step in as administrator of the troubled club, which has struggled since it was relegated from the Premier League in 2005. It is heavily indebted after spending more than £30 million on a 30,000-seat stadium four years ago. Rupert Lowe, its colourful executive chairman, is well known in the City as a former Deutsche Bank banker and the present chairman of WH Ireland, the stockbroker. However, Mr Lowe's return to the club last May after a well-publicised falling-out with Michael Wilde, its chairman, has failed to arrest the decline of the club. Barclays, which is being advised on talks with Southampton by DLA Piper, the law firm, declined to comment. However, sources close to the situation said that the board of the club would convene this morning to make the final arrangements to put the club's parent company into administration, with the business expected to apply to a court for an order within the week. It is understood that then the heavily indebted club will have until the end of the summer to find a buyer or face bankruptcy itself. Southampton has a £4 million overdraft with Barclays, which it has exceeded, and it also owes Norwich Union about £24 million for its stadium. It is understood that Barclays declined to extend Southampton's loan or invest equity on the grounds that it was not commercially viable. However, it is hoped that moves to put the club's parent company, rather than the club itself, into administration will save it from having points docked by the Coca-Cola Championship. The club received two years of parachute payments, totalling about £13 million, to cope with the reduction in income after relegation; however, inevitably, it was forced to sell its best young players, including Theo Walcott, the England winger, to Arsenal, and Gareth Bale, the Wales defender, to Tottenham Hotspur. Last year, Southampton avoided relegation to the third tier of English football on the last day of the season, although it faces a similar battle again, sitting second from the bottom of the Championship. Edited 31 March, 2009 by trousers Link to comment Share on other sites More sharing options...
saint lard Posted 31 March, 2009 Share Posted 31 March, 2009 Good of him to wait for the day we (allegedly) go down the pan before switching to plan B then.... Everyone has a plan B,except us. Link to comment Share on other sites More sharing options...
Mole Posted 31 March, 2009 Share Posted 31 March, 2009 Please let it be a takeover, so help me rhonda We needing something tommac us happy. Link to comment Share on other sites More sharing options...
Nineteen Canteen Posted 31 March, 2009 Share Posted 31 March, 2009 Why did weston saint say you had gone? Because I sent Weston a message that I was getting fed up with the negativity of most of the posters and a few unhinged and I had asked Steve to cancel my account. Had Steve followed my request I would have been gone but tbh tonight saw this somewhat explosive thread and felt I wanted to add some hope that it may not be the worst of news if not great either. I have an immense amount respect for Weston and whilst I don't know what he said to you, as far as he was concerned I had decided not to post and had packed it in whilst explaining my reasons for the decision. Tonight was the first time I found out I was still registered and able to log in and had given myself a self imposed exile as the forum was changed so that registered users could only view 3-4 days after a game or in less busy periods. Had I known I could have caught up more regularly. Good news is I will be posting a lot less often and reading a lot more following some sage advice from respected source. Link to comment Share on other sites More sharing options...
St Marco Posted 31 March, 2009 Share Posted 31 March, 2009 Very sad day for our club but we knew it was coming oneday. The truth is this club needed/needs investment to go forwards. Lowe and Wilde were never going to be the people to do that. They never have been. They thought they could come back and fix things without going that route. Everybody told them that. The previous boards said without investment the club is fooked. Crouch and his people said the same thing. The difference being at least the old board and Crouch's board actively looked for that investment. The first thing Lowe did on his return was to stop discussions with Fulthorpe etc. Just getting a tiny slice of that money would of made a massive difference. When it is all said and done Lowe and Wildes mis-management of this club from the prem years to the gamble of giving Burley £12m in under 2 seasons in the CCC have cost us and cost us dear. They have failed. Their positions are no longer tenable. Link to comment Share on other sites More sharing options...
LGTL Posted 31 March, 2009 Share Posted 31 March, 2009 This has been doing the rounds on the EnglandFans forum this evening. Apparantly, some guy heard from a realiable source... Tomorrow should be interesting now whatever happens. Link to comment Share on other sites More sharing options...
Saint_Jonny Posted 31 March, 2009 Share Posted 31 March, 2009 Looks to be true this time. What an utterly ****ty month its turning out to be. I cant get my head around this, all this time its been bickering and childish bull**** from the two sides. And now? The club is as good as DEAD. Link to comment Share on other sites More sharing options...
Jonnyboy Posted 31 March, 2009 Share Posted 31 March, 2009 all over sky sports apparently Jeez - I thought you meant Saints in Admin for a few minutes! Link to comment Share on other sites More sharing options...
um pahars Posted 31 March, 2009 Share Posted 31 March, 2009 April 1, 2009 Financial woes at Southampton Football Club jeopardise listed parent Southampton Football Club's listed parent company was teetering on the brink of administration last night after the club failed to agree an extension of its overdraft with Barclays Bank. Shares in the AIM-listed Southampton Leisure Holdings will be suspended this morning and Begbies Traynor, the accountancy firm, is standing by to step in as administrator of the troubled club, which has struggled since it was relegated from the Premier League in 2005. It is heavily indebted after spending more than £30 million on a 30,000-seat stadium four years ago. Rupert Lowe, its colourful executive chairman, is well known in the City as a former Deutsche Bank banker and the present chairman of WH Ireland, the stockbroker. However, Mr Lowe's return to the club last May after a well-publicised falling-out with Michael Wilde, its chairman, has failed to arrest the decline of the club. Barclays, which is being advised on talks with Southampton by DLA Piper, the law firm, declined to comment. However, sources close to the situation said that the board of the club would convene this morning to make the final arrangements to put the club's parent company into administration, with the business expected to apply to a court for an order within the week. It is understood that then the heavily indebted club will have until the end of the summer to find a buyer or face bankruptcy itself. Southampton has a £4 million overdraft with Barclays, which it has exceeded, and it also owes Norwich Union about £24 million for its stadium. It is understood that Barclays declined to extend Southampton's loan or invest equity on the grounds that it was not commercially viable. However, it is hoped that moves to put the club's parent company, rather than the club itself, into administration will save it from having points docked by the Coca-Cola Championship. The club received two years of parachute payments, totalling about £13 million, to cope with the reduction in income after relegation; however, inevitably, it was forced to sell its best young players, including Theo Walcott, the England winger, to Arsenal, and Gareth Bale, the Wales defender, to Tottenham Hotspur. Last year, Southampton avoided relegation to the third tier of English football on the last day of the season, although it faces a similar battle again, sitting second from the bottom of the Championship. This is the bit I just can't buy here as to me the PLC and the Football Club are one and the same. I just can't see the CCC allowing this type of chicanery to go through (not that I don't want them to try of course). I'm presuming this will all have to be sorted PDQ as there is no way the CCC management and others will want this hanging around whilst they try and work out who actually has got relegated. Link to comment Share on other sites More sharing options...
hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 So put the parent company then declare that if the club does not find a buyer it will be admin for us. Imagine if we stayed up then a week later went into admin and were relegated anyway! Link to comment Share on other sites More sharing options...
Jonnyboy Posted 31 March, 2009 Share Posted 31 March, 2009 April 1, 2009 Financial woes at Southampton Football Club jeopardise listed parent Southampton Football Club's listed parent company was teetering on the brink of administration last night after the club failed to agree an extension of its overdraft with Barclays Bank. Shares in the AIM-listed Southampton Leisure Holdings will be suspended this morning and Begbies Traynor, the accountancy firm, is standing by to step in as administrator of the troubled club, which has struggled since it was relegated from the Premier League in 2005. It is heavily indebted after spending more than £30 million on a 30,000-seat stadium four years ago. Rupert Lowe, its colourful executive chairman, is well known in the City as a former Deutsche Bank banker and the present chairman of WH Ireland, the stockbroker. However, Mr Lowe's return to the club last May after a well-publicised falling-out with Michael Wilde, its chairman, has failed to arrest the decline of the club. Barclays, which is being advised on talks with Southampton by DLA Piper, the law firm, declined to comment. However, sources close to the situation said that the board of the club would convene this morning to make the final arrangements to put the club's parent company into administration, with the business expected to apply to a court for an order within the week. It is understood that then the heavily indebted club will have until the end of the summer to find a buyer or face bankruptcy itself. Southampton has a £4 million overdraft with Barclays, which it has exceeded, and it also owes Norwich Union about £24 million for its stadium. It is understood that Barclays declined to extend Southampton's loan or invest equity on the grounds that it was not commercially viable. However, it is hoped that moves to put the club's parent company, rather than the club itself, into administration will save it from having points docked by the Coca-Cola Championship. The club received two years of parachute payments, totalling about £13 million, to cope with the reduction in income after relegation; however, inevitably, it was forced to sell its best young players, including Theo Walcott, the England winger, to Arsenal, and Gareth Bale, the Wales defender, to Tottenham Hotspur. Last year, Southampton avoided relegation to the third tier of English football on the last day of the season, although it faces a similar battle again, sitting second from the bottom of the Championship. oh poo Link to comment Share on other sites More sharing options...
hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 This is the bit I just can't buy here as to me the PLC and the Football Club are one and the same. I just can't see the CCC allowing this type of chicanery to go through (not that I don't want them to try of course). I'm presuming this will all have to be sorted PDQ as there is no way the CCC management and others will want this hanging around whilst they try and work out who actually has got relegated. Not if trying gets them relegated this season and on minus 17 next! Link to comment Share on other sites More sharing options...
Jonnyboy Posted 31 March, 2009 Share Posted 31 March, 2009 http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6012015.ece Oh dear oh dear.. Well spotted Sussex Saint - I will remember your name because of this moment of history Link to comment Share on other sites More sharing options...
team-saint Posted 31 March, 2009 Share Posted 31 March, 2009 guys, havent we had a few too many 'admin tommorows' recently for people to believe nothing. this aint going to happen. if it was the administrators wouldn't have allowed us to offer new contracts to thomson and perry Link to comment Share on other sites More sharing options...
alpine_saint Posted 31 March, 2009 Share Posted 31 March, 2009 If this happens I would not like to be sat in Lowe or Wildes seat on Saturday !! Do you really expect them to turn up ? Link to comment Share on other sites More sharing options...
Mole Posted 31 March, 2009 Share Posted 31 March, 2009 However, it is hoped that moves to put the club's parent company, rather than the club itself, into administration will save it from having points docked by the Coca-Cola Championship Interesting. Link to comment Share on other sites More sharing options...
hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 guys, havent we had a few too many 'admin tommorows' recently for people to believe nothing. this aint going to happen. if it was the administrators wouldn't have allowed us to offer new contracts to thomson and perry Unfortunately it's on the times website or I would be inclined to agree with you. Link to comment Share on other sites More sharing options...
wild-saint Posted 31 March, 2009 Share Posted 31 March, 2009 bugger Link to comment Share on other sites More sharing options...
um pahars Posted 31 March, 2009 Share Posted 31 March, 2009 Not if trying gets them relegated this season and on minus 17 next! I was thinking more of crossing everything and somehow pulling off a scam where the PLC goes in to admin and the football club does not, thus avoiding any points deduction. I can't see it could be done so maybe it's just wishful thinking on this dark night!!!!!!! Link to comment Share on other sites More sharing options...
ladysaint Posted 31 March, 2009 Share Posted 31 March, 2009 I trust FF and FOS1 but if this is a Aprils fool joke I for one dont find it very funny a sleepless night coming up. Link to comment Share on other sites More sharing options...
SP Saint Posted 31 March, 2009 Share Posted 31 March, 2009 That's it then. Sad but inevitable. Let's hope out of the ashes, we get a club with no Lowe or Wilde in the picture. Link to comment Share on other sites More sharing options...
Nineteen Canteen Posted 31 March, 2009 Share Posted 31 March, 2009 This is the bit I just can't buy here as to me the PLC and the Football Club are one and the same. I just can't see the CCC allowing this type of chicanery to go through (not that I don't want them to try of course). I'm presuming this will all have to be sorted PDQ as there is no way the CCC management and others will want this hanging around whilst they try and work out who actually has got relegated. I agree, I think this is an idea that they have come with up as a last desperate attempt to avoid that 10 pt or more deduction. If Ashley as owner of Newcastke went bankrupt could he be divorced from the club as a separate entity. Surely the club would be classed as an asset of his as Saints i presume is an asset of SLH. The two are intrinsicly linked IMO. Bang goes the 'it may not be that bad news theory'! Link to comment Share on other sites More sharing options...
Mole Posted 31 March, 2009 Share Posted 31 March, 2009 That's it then. Sad but inevitable. Let's hope out of the ashes, we get a club with no Lowe or Wilde in the picture. Amen to that. Link to comment Share on other sites More sharing options...
hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 I was thinking more of crossing everything and somehow pulling off a scam where the PLC goes in to admin and the football club does not, thus avoiding any points deduction. I can't see it could be done so maybe it's just wishful thinking on this dark night!!!!!!! Well yeah but I can imagine the FL taking a very dim view of something like this. I could imagine them imposing sanctions for beating the system. Link to comment Share on other sites More sharing options...
hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 I trust FF and FOS1 but if this is a Aprils fool joke I for one dont find it very funny a sleepless night coming up. But as has been posted it is on the Times website. Link to comment Share on other sites More sharing options...
saintjay77 Posted 31 March, 2009 Share Posted 31 March, 2009 Source? SSN and its been confirmed he will take over for the rest of the season as from tomorrow morning. The rumour I heard a lil while back was a rehash of Shearer coming to us following a takeover from a yet unknown money man at the end of the season. Either it was a load of balls (most likly option) or Said money man got no-where near taking us over so Shearer took what was offered up north. He is surly in a no lose situation up there so cant blame him taking that job ahead of anything he may be offered elsewhere fact or fictional. Link to comment Share on other sites More sharing options...
Badger Posted 31 March, 2009 Share Posted 31 March, 2009 Well Alan Shearer is not joining us. he's about to takeover at newcastle for the remainder of the season So thats one rumour put to bed Shearer obviously became fed up waiting for the Fulthorpe deal to materialise. Link to comment Share on other sites More sharing options...
ottery st mary Posted 31 March, 2009 Share Posted 31 March, 2009 I just pray Lowe and Wilde leave and never to return to The Club.....Please tell Rupert thats his lot...PLEASE. Link to comment Share on other sites More sharing options...
Weston Saint Posted 31 March, 2009 Share Posted 31 March, 2009 Posted this on the share movement thread Just got home from a dinner in Sindlesham, Berkshire. Whilst i was there I took a phone call to say that the shares will be suspended at 7am tomorrow. The information was not known until after the market closed tonight. Someone is still working to try to bring in a buyer but if it does not happen by the time of the board meeting tomorrow 11am (I am told) we will be appointing an Administrator. Sad time for SFC. Like FF I have received this from 2 sources. The points deduction is suspended until the end of the season. If we are in the bottom 3 (before deduction) we take the hit next season. If we finish outside the bottom 3 the 10 points are applied. Whatever way you look at it we start next season in Div 1. Lets hope it is without the 10 points deduction by getting out of the bottom 3. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 31 March, 2009 Share Posted 31 March, 2009 I was thinking more of crossing everything and somehow pulling off a scam where the PLC goes in to admin and the football club does not, thus avoiding any points deduction. I can't see it could be done so maybe it's just wishful thinking on this dark night!!!!!!! If it does the trick then I expect that the rules will be changed because of us and this manouevre may go down in history as 'doing a Saints' Link to comment Share on other sites More sharing options...
um pahars Posted 31 March, 2009 Share Posted 31 March, 2009 I just pray Lowe and Wilde leave and never to return to The Club.....Please tell Rupert thats his lot...PLEASE. I'm not sure he will listen.:confused: Link to comment Share on other sites More sharing options...
ottery st mary Posted 31 March, 2009 Share Posted 31 March, 2009 I'm not sure he will listen.:confused: I am praying my mate jonah will have a few words with Rupert;) Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2009 Share Posted 31 March, 2009 I guess this is one way of ensuring a capacity crowd at the Charlton game.... Link to comment Share on other sites More sharing options...
ITKSaint Posted 31 March, 2009 Share Posted 31 March, 2009 guys, havent we had a few too many 'admin tommorows' not enough to pin down that tomorrow spelling C- See me after Amdinistration for remedial action. Link to comment Share on other sites More sharing options...
hypochondriac Posted 31 March, 2009 Share Posted 31 March, 2009 If this is true then the Charlton game is going to be very fun and very interesting (but also potentially dangerous.) Link to comment Share on other sites More sharing options...
Recommended Posts