thorpie the sinner Posted 1 April, 2009 Share Posted 1 April, 2009 Unless I am missing the point the LSE stated that we are actively looking for a buyer to refinance club before it can print it accounts!! are we not buying time a la Coventry before administration to try and find a buyer? Link to comment Share on other sites More sharing options...
BadgerBadger Posted 1 April, 2009 Share Posted 1 April, 2009 Will the pheonix rise from the flames - is this the moment that potential buyers have been biding their time for?? Link to comment Share on other sites More sharing options...
WIGANSAINT Posted 1 April, 2009 Share Posted 1 April, 2009 we are ****ed Link to comment Share on other sites More sharing options...
eurosaint Posted 1 April, 2009 Share Posted 1 April, 2009 It's now 7.15am and I haven't heard anything yet ??????? Link to comment Share on other sites More sharing options...
um pahars Posted 1 April, 2009 Share Posted 1 April, 2009 Unless I am missing the point the LSE stated that we are actively looking for a buyer to refinance club before it can print it accounts!! are we not buying time a la Coventry before administration to try and find a buyer? But if we can't "print" the accounts, because we have no support from Barclay's and no alternative source of funding, then effectively we are not a "going concern" and we do not have the cash to trade (pay creditor, wages etc) and therefore we will go into administration at some point in the not too distant future. This is not administration, yet, but it will be if we can't get new money in, or get Barclay's to change it's mind. Link to comment Share on other sites More sharing options...
Fan The Flames Posted 1 April, 2009 Share Posted 1 April, 2009 Temporarily suspended on AIM. Radio 5 Live believes this is because there are trying to sort something out and will report back later today. Does this mean something BIG is happening today. Radio 5 segwayed from Newcastle to Southampton with Kevin Keegan, will we ever buy the European footballer of the year again. Good Old LM. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 1 April, 2009 Share Posted 1 April, 2009 http://www.holmesdale.net/page.php?id=106&tid=85988 Even Jake d'eagle has our saviour sussed! Link to comment Share on other sites More sharing options...
offix Posted 1 April, 2009 Share Posted 1 April, 2009 But being overly, overly, overly optimistic it doesn't mean we have gone into Administration (yet) and there is always the hope that we could find some other funding in the short term or have one last chance at sweet talking Barclays!!!!!!!!!!!!!!!!! Let me see: a chance to invest in a business with an inferior product, no clients to speak of, and a mountain of debt. Should be easy enough to find someone. Link to comment Share on other sites More sharing options...
Andy Durman Posted 1 April, 2009 Share Posted 1 April, 2009 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, writes the Times. Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 1 April, 2009 Share Posted 1 April, 2009 But if we can't "print" the accounts, because we have no support from Barclay's and no alternative source of funding, then effectively we are not a "going concern" and we do not have the cash to trade (pay creditor, wages etc) and therefore we will go into administration at some point in the not too distant future. This is not administration, yet, but it will be if we can't get new money in, or get Barclay's to change it's mind. Thats what I meant steve, we are buying time looking for finance!! any idea how long we get before we have to announce admin? Can't be long! Link to comment Share on other sites More sharing options...
Nexstar Posted 1 April, 2009 Share Posted 1 April, 2009 Atleast we don't lose 10 points. Link to comment Share on other sites More sharing options...
Griff Posted 1 April, 2009 Share Posted 1 April, 2009 Here it is Bad news on the doorstep NOTICE (229) 01/04/2009 7:00am TEMPORARY SUSPENSION OF TRADING ON AIM SOUTHAMPTON LEISURE HOLDINGS PLC Trading on AIM for the under-mentioned securities has been temporarily suspended from 01/04/2009 7:00am pending publication of the company's half-yearly report. It has been announced folks - bad, badday Link to comment Share on other sites More sharing options...
Nexstar Posted 1 April, 2009 Share Posted 1 April, 2009 (edited) It's now 7.15am and I haven't heard anything yet ??????? It's on Sky News saying the company that owns SFC has suspended shares. Edited 1 April, 2009 by Nexstar Link to comment Share on other sites More sharing options...
um pahars Posted 1 April, 2009 Share Posted 1 April, 2009 Thats what I meant steve, we are buying time looking for finance!! any idea how long we get before we have to announce admin? Can't be long! That's an answer I don't have!!!!!!!!!!!!! Can only imagine it will be when the cheques start bouncing or Barclay's calls in it's overdraft!!!!!!!! My hunch would be that I don't think it will be long though and think they will either have to secure new funding (or get Barclay's on side) within days rather than weeks. The key deadline to get this sorted was 31/3/09 and maybe it's just taking longer than was anticipated (that's me trying to be optimistic!!!) and funding will be sorted out!!!!! Link to comment Share on other sites More sharing options...
alehouseboys Posted 1 April, 2009 Share Posted 1 April, 2009 Maybe getting rid of the radio station will be our downfall! Rupes was right all along Ironic that that's where this news broke first a couple of days ago...and nobody believed ol' Pyscho... Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 1 April, 2009 Share Posted 1 April, 2009 Thats what I meant steve, we are buying time looking for finance!! any idea how long we get before we have to announce admin? Can't be long! The fat lady is gargling as our Mods prepare for meltdown here on the forum Atleast we don't lose 10 points. Don't. count. your. chickens. Link to comment Share on other sites More sharing options...
Minsk Posted 1 April, 2009 Share Posted 1 April, 2009 I don't understand why they need more funds coming in now in order to publish the financial situation of the 6 months from July-December 2008. Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 1 April, 2009 Share Posted 1 April, 2009 That's an answer I don't have!!!!!!!!!!!!! Can only imagine it will be when the cheques start bouncing or Barclay's calls in it's overdraft!!!!!!!! My hunch would be that I don't think it will be long though and think they will either have to secure new funding (or get Barclay's on side) within days rather than weeks. The key deadline to get this sorted was 31/3/09 and maybe it's just taking longer than was anticipated (that's me trying to be optimistic!!!) and funding will be sorted out!!!!! I am keeping the faith, blindly!!! Didn't Gavyn Davis once say he would never let us go under some time ago.........wishful thinking probably????? Link to comment Share on other sites More sharing options...
WIGANSAINT Posted 1 April, 2009 Share Posted 1 April, 2009 ironic that sherar goes back into football on the same day. april fools will never be the same again Link to comment Share on other sites More sharing options...
trousers Posted 1 April, 2009 Share Posted 1 April, 2009 Just goes to show how far we've fallen as this story doesn't warrant a mention on national news stations this morning (including SSN?) Link to comment Share on other sites More sharing options...
Saints foreva Posted 1 April, 2009 Share Posted 1 April, 2009 Just goes to show how far we've fallen as this story doesn't warrant a mention on national news stations this morning (including SSN?) Well with the Newcastle news.. We are never going to get the mention that we deserve tbh. Link to comment Share on other sites More sharing options...
dignified_blunderer Posted 1 April, 2009 Share Posted 1 April, 2009 Just goes to show how far we've fallen as this story doesn't warrant a mention on national news stations this morning (including SSN?) its been on the main sky news quite a bit though Link to comment Share on other sites More sharing options...
JustMike Posted 1 April, 2009 Share Posted 1 April, 2009 Just goes to show how far we've fallen as this story doesn't warrant a mention on national news stations this morning (including SSN?) could be because they dont see it as a football story yet? Link to comment Share on other sites More sharing options...
Minsk Posted 1 April, 2009 Share Posted 1 April, 2009 Just goes to show how far we've fallen as this story doesn't warrant a mention on national news stations this morning (including SSN?) As was said above, it has been mentioned on Sky News - not much was said though. It hasn't made the national Belorusian news yet though, and neither is there anything on the OS about it at present (surprise, surprise). Link to comment Share on other sites More sharing options...
scaramanga Posted 1 April, 2009 Share Posted 1 April, 2009 still nothing on the official site yet!!!!! :mad: Link to comment Share on other sites More sharing options...
Mustapha Fag Posted 1 April, 2009 Share Posted 1 April, 2009 now on SSN Link to comment Share on other sites More sharing options...
alehouseboys Posted 1 April, 2009 Share Posted 1 April, 2009 could be because they dont see it as a football story yet? ...maybe not exactly a 'football story' just yet but I would have expected an official club announcement on the OS at 7am sharp this morning - they knew it was coming and owe it to the fans. Then again... Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 1 April, 2009 Author Share Posted 1 April, 2009 Bullsh*t. Care to comment further, Rory? Link to comment Share on other sites More sharing options...
Alain Perrin Posted 1 April, 2009 Share Posted 1 April, 2009 a few others said the same nickh etc. I think even the most anti-Crouch person must now conceed Lowe and Wilde have done far worse then what Crouch would of done had he remained. I just can't help but think if we started this season with the set-up on the final day of last season we would not be in this situation at all. We would be higher up the league with more people in the stadium thus generating more money then we are now. Total conjecture. SFC was/is like a plane in a steep dive, no matter who was the pilot I think we'd have gone into admin - it was just a a question of when. Could Pearson have got the youth players to perform when he struggled to get our 'overpaid' stars to do the same last season? Who knows (by the way, the answer to this is no one). Personally I think those that try to put a halo on Crouch's head are naive and exercise double standards. For example, if Lowe had been as evasive about the Walcott transfer renegotiation as Crouch was, then you'd be sharpening your pitchfork and marching on the Cotswolds. Link to comment Share on other sites More sharing options...
um pahars Posted 1 April, 2009 Share Posted 1 April, 2009 ...maybe not exactly a 'football story' just yet but I would have expected an official club announcement on the OS at 7am sharp this morning - they knew it was coming and owe it to the fans. Then again... I'm hoping for more than just another copy of the Stock Exchange Annuncement and something more atuned to the supporters, as opposed to shareholders, spelling out exactly what this means and what the next steps are. Nothing containing any sensitive information, but just something more open than the bland SE announcement. Link to comment Share on other sites More sharing options...
JustMike Posted 1 April, 2009 Share Posted 1 April, 2009 so, if SLH go bust now..who owns the club??? (Chariman etc?) Link to comment Share on other sites More sharing options...
saint lard Posted 1 April, 2009 Share Posted 1 April, 2009 The only straw i am clutching is that something good will come of all this and we will look back and say, April 2009, that was when the dark days came to an end and SFC moved forward into a brighter era,Without Lowe,Wilde and thier cronies. If anyone with real interest in investing/purchasing Saints must step up too the mark now. Link to comment Share on other sites More sharing options...
Third Division South Days Posted 1 April, 2009 Share Posted 1 April, 2009 SSN states club are in negotiation with several parties. Clutching at straws? Link to comment Share on other sites More sharing options...
fletch Posted 1 April, 2009 Share Posted 1 April, 2009 SSN states club are in negotiation with several parties. Clutching at straws? What mad man would buy a club in this current financial climate! So yes, clutching at straws. All I see is administration and a -10 point start to next season in the first division, oh how we have fallen Link to comment Share on other sites More sharing options...
fanimal Posted 1 April, 2009 Share Posted 1 April, 2009 Just what the players needed before the game we absolutely must win on Saturday. 4 games in 10 days, in fact this time next week we should be all out of our misery.... Link to comment Share on other sites More sharing options...
Minsk Posted 1 April, 2009 Share Posted 1 April, 2009 SSN states club are in negotiation with several parties. Clutching at straws? The 'several parties' could well be just those we owe money to. One can live in hope (if they so wish) that one of those parties might be someone willing to put money in though. Link to comment Share on other sites More sharing options...
ponto1963 Posted 1 April, 2009 Share Posted 1 April, 2009 Shares suspended http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0007922114GBGBXAIMI0792211SOO Link to comment Share on other sites More sharing options...
JustMike Posted 1 April, 2009 Share Posted 1 April, 2009 so, if SLH go bust now..who owns the club??? (Chariman etc?) ..anyone know? Link to comment Share on other sites More sharing options...
saint lard Posted 1 April, 2009 Share Posted 1 April, 2009 On the Echo site now.... http://www.dailyecho.co.uk/sport/saints/news/4250370.Saints_set_for_administration_/ Link to comment Share on other sites More sharing options...
hypochondriac Posted 1 April, 2009 Share Posted 1 April, 2009 Imagine if Lowe got one of his mates to buy us and install him as chairman for life. I would lol. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 1 April, 2009 Share Posted 1 April, 2009 Care to comment further, Rory? So sad to see you being proved right FF. At least the Doubting Thomas/sycophants can now bluster around looking for what exactly Mr Crouch did to bring all this on our heads. Because, believe me, by the time RL finishes spinning it, it will be all Leon's fault, oh! and us fans! Link to comment Share on other sites More sharing options...
aintforever Posted 1 April, 2009 Share Posted 1 April, 2009 Why didnt they do this last week? Now we will be relegated and ****ed over by a points deduction next year. Link to comment Share on other sites More sharing options...
icehagman Posted 1 April, 2009 Share Posted 1 April, 2009 I don't understand why they need more funds coming in now in order to publish the financial situation of the 6 months from July-December 2008. Maybe the funds is required to buy new calculators to the office. Until then we can´t figure out our financial situation... Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 1 April, 2009 Share Posted 1 April, 2009 Imagine if Lowe got one of his mates to buy us and install him as chairman for life. I would lol. Imagine if Lowe got one of his mates to buy us and install him as chairman for life. I would follow Eastleigh. Link to comment Share on other sites More sharing options...
Katalinic Posted 1 April, 2009 Share Posted 1 April, 2009 Can we add this as an agenda item for the Fans Parliament? Link to comment Share on other sites More sharing options...
saint lard Posted 1 April, 2009 Share Posted 1 April, 2009 This attempt to "play the system" by lowe,placing the onus on the parent company,could really backfire if the Football League see fit to clamp down on clubs trying to find loopholes in the law. Link to comment Share on other sites More sharing options...
SaintPatrick Posted 1 April, 2009 Share Posted 1 April, 2009 Just goes to show how far we've fallen as this story doesn't warrant a mention on national news stations this morning (including SSN?) It was first item on Radio 4 business news at 0720h.... Link to comment Share on other sites More sharing options...
aintforever Posted 1 April, 2009 Share Posted 1 April, 2009 there is no way in a million years this "parent company" ****** will stop us getting a points deduction, if anything the FA will make it worse. Link to comment Share on other sites More sharing options...
hypochondriac Posted 1 April, 2009 Share Posted 1 April, 2009 Can we add this as an agenda item for the Fans Parliament? Lol. Link to comment Share on other sites More sharing options...
mightysaints Posted 1 April, 2009 Share Posted 1 April, 2009 Thanks RL Southampton FC RIP Link to comment Share on other sites More sharing options...
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