Southampton Football Club Limited

[exit2]

So, does this mean that as SLH are no longer here or being run by an administrator, the Limited company setup for the football club will be run by the football board? Lowe, Wilde, Jones etc etc

 

I dont see how they can? If an administrator comes in to deal with SLH surely they will be overseeing the football club, if this is the case then why are we not getting deducting points?

 

You also have other companies here such as Saints Event Management, Stadia etc

[Soggy Bottom]

So, does this mean that as SLH are no longer here or being run by an administrator, the Limited company setup for the football club will be run by the football board? Lowe, Wilde, Jones etc etc

 

I dont see how they can? If an administrator comes in to deal with SLH surely they will be overseeing the football club, if this is the case then why are we not getting deducting points?

 

 

Not if they sell the club first.

[JustMike]

i still want to know that if SLH goes into admin..who will be running the club? (chairman etc)

[Gemmel]

My understanding is that if the club is sold before the parent go into admin, at the point they do the club itself is no longer anything to do with the company in administration

[John B]

So, does this mean that as SLH are no longer here or being run by an administrator, the Limited company setup for the football club will be run by the football board? Lowe, Wilde, Jones etc etc

 

I dont see how they can? If an administrator comes in to deal with SLH surely they will be overseeing the football club, if this is the case then why are we not getting deducting points?

 

Perhaps the Debts are with SLH and not Southampton FC limited

[Gemmel]

i still want to know that if SLH goes into admin..who will be running the club? (chairman etc)

 

If the club is sold..... the new owners

If the club isnt the administrator

[1976_Child]

As I understand it the football club is a 100% owned asset of the PLC, in which case it will be fully under the control of the administrators. As for not getting points deducted, I would reckon that the FA would have foreseen this eventuality and I can't see how we couldn't get points knocked off.

[1976_Child]

My understanding is that if the club is sold before the parent go into admin, at the point they do the club itself is no longer anything to do with the company in administration

 

true - but it must be sold for a fair market rate. Otherwise anyone could just set up a business, load it up with debt, buy something useful, flog the asset to your best mate for 50p and then fold the main business. That would be called fraud in my book!

[SaintRichmond]

As I understand it the football club is a 100% owned asset of the PLC, in which case it will be fully under the control of the administrators. As for not getting points deducted, I would reckon that the FA would have foreseen this eventuality and I can't see how we couldn't get points knocked off.

 

 

So why didn't Lowe take this action LAST week ????

[Gemmel]

true - but it must be sold for a fair market rate. Otherwise anyone could just set up a business, load it up with debt, buy something useful, flog the asset to your best mate for 50p and then fold the main business. That would be called fraud in my book!

 

Indeed, but the market cap of the club is only 2.6 million. I doubt if there is a bigger indicator of what a fair price is than that, so assuming somebody, is prepared to pay 2.6 mill, take over the loan note from SLH for the stadium and any other FOOTBALLING debts (Which none of us really know, how much or even if any there are) and you have yourself a football club.

[trousers]

If the club is sold..... the new owners

If the club isnt the administrator

 

Didn't someone intimate on here the other day that Lowe had some sort of business link to one of the potential Administration companies? Any truth in that?

[Gemmel]

Didn't someone intimate on here the other day that Lowe had some sort of business link to one of the potential Administration companies? Any truth in that?

 

 

No idea trousers..... thats your job

[Pancake]

http://www.saintsweb.co.uk/forum/showthread.php?t=11635

 

Thanks for being understanding people.