aintforever Posted 1 April, 2009 Share Posted 1 April, 2009 I have to say, as much as I hope the club do get away without being deducted points, its really not very fair on all the clubs who have been deducted points for going into administration in the past just because there's a loophole surrounding the seperation of a holding company and the club.... Am I missing something blatently obvious that makes this fair? Derby did it, seems fair that we can as well. Link to comment Share on other sites More sharing options...
Ponty Posted 1 April, 2009 Share Posted 1 April, 2009 I have to say, as much as I hope the club do get away without being deducted points, its really not very fair on all the clubs who have been deducted points for going into administration in the past just because there's a loophole surrounding the seperation of a holding company and the club.... Am I missing something blatently obvious that makes this fair? The fact that you're a Saints fan and should probably count your blessings? :confused: Link to comment Share on other sites More sharing options...
saint_stevo Posted 1 April, 2009 Share Posted 1 April, 2009 may have been posted in the thread already, apologies if so- http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece Link to comment Share on other sites More sharing options...
AlfredKo Posted 1 April, 2009 Share Posted 1 April, 2009 I have to say, as much as I hope the club do get away without being deducted points, its really not very fair on all the clubs who have been deducted points for going into administration in the past just because there's a loophole surrounding the seperation of a holding company and the club.... Am I missing something blatently obvious that makes this fair? We are in a crunch suitation now!!! Who cares about all the clubs who have been deducted points for going into administration in the past just because there's a loophole surrounding the seperation of a holding company and the club??? Those clubs are not my friends. Link to comment Share on other sites More sharing options...
Greenridge Posted 1 April, 2009 Share Posted 1 April, 2009 You mean nonexistant. If our undoing is to be administration, exactly what more could have been done this season to avoid it? Apart from following the stupid advice of keeping all the high earners, playing everyone to diminish the pot from the playing bonuses and get into administration far earlier? With all the money wasted over the previous two years exactly how could Lowe have influenced that? What we are seeing now has nothing to do with Lowe, but the mess that was accumulated. Cutting costs is an extremely simple task. Cutting costs whilst maintaining an acceptable level of performance both on and off the field is not. We do not appear to have achieved the latter. Link to comment Share on other sites More sharing options...
Psycrow Posted 1 April, 2009 Share Posted 1 April, 2009 I'm not saying I don't want it to happen, just wondering if I'm missing something. I know Derby did it, but nothing different is occuring here than did at any other club, except for some extra bits of paper that both Derby and ourselves had typed up and signed. Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 1 April, 2009 Share Posted 1 April, 2009 if we have done a deal with LC who patently hasn't got any money then we are doomed! Hasn't got any money?!?! I think at the very least, you've managed to exagerate that claim! And anyway, LC might just have a consortium lined up for the SFC Ltd. And Lowe and Wilde might just have one lined up to buy SMS Ltd. Who knows - its all speculation at the moment. Link to comment Share on other sites More sharing options...
Dark Munster Posted 1 April, 2009 Share Posted 1 April, 2009 Not getting rid of NP and appointing a nobody from the Dutch semi-pro leagues would have been a good start. Amen to that. In fact, that act of madness by Lowe effectively has docked us at least 10 points this season already, even before God-knows-how-many-more the FL are going dock us this season or next. Link to comment Share on other sites More sharing options...
EFM Posted 1 April, 2009 Share Posted 1 April, 2009 I have to say, as much as I hope the club do get away without being deducted points, its really not very fair on all the clubs who have been deducted points for going into administration in the past just because there's a loophole surrounding the seperation of a holding company and the club.... Am I missing something blatently obvious that makes this fair? Psycrow oh Psycrow You Are missing the point that if we get away with it I don't think any of our fans could give a toss if it's "not very fair" on other clubs? Choose a future that you would prefer for SFC and answer your own question!? Link to comment Share on other sites More sharing options...
Stirchleysaint Posted 1 April, 2009 Share Posted 1 April, 2009 FA have 'confirmed' SFC will not be decuted points this season orr next. That's not up to the FA, its the Football League that makes the decision over points being deducted. I wouldn't hold much faith in any assurances from journalists at Meridian. Link to comment Share on other sites More sharing options...
dubai_phil Posted 1 April, 2009 Share Posted 1 April, 2009 That's not up to the FA, its the Football League that makes the decision over points being deducted. I wouldn't hold much faith in any assurances from journalists at Meridian. Is it true that Direnage annouced the news with a grin on his face on the show tonight? Obviously we don't get that down here but I heard he had a smug grin on Link to comment Share on other sites More sharing options...
killer fan Posted 1 April, 2009 Share Posted 1 April, 2009 good bye lowe hahaha Link to comment Share on other sites More sharing options...
corsacar saint Posted 1 April, 2009 Share Posted 1 April, 2009 Until us fans know Wilde, Lowe, Askham, Richards, Cowen and Withers have all left the club forever, we cannot celebrate totally. Link to comment Share on other sites More sharing options...
AwaySaint1 Posted 1 April, 2009 Share Posted 1 April, 2009 That would be a consortium led by someone with a damn sight more money than RL and a genuine Saints fan to boot; the man who gave us our greatest day and established us a top flight team; and a man with genuine integrity? Are you for real ? His snout is just as big as the rest of the pigs. Yes he won us the cup and gave me and many others great joy in the late 70,s but he took enough equity from this club at flotation time to get us to were we are today many times over. I can remember thinking at the time when RL was answering questions at the civic centre police station that legaly it may of not been fraud what they did but morally it was. He is as answerable as the rest of them. I would like to see an empty directors box on Saturday,we the fans deserve at least that much respect. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 1 April, 2009 Share Posted 1 April, 2009 Final confirmation, he has gone! http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece Link to comment Share on other sites More sharing options...
saintsforlife7 Posted 1 April, 2009 Share Posted 1 April, 2009 Have we had this? http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece Link to comment Share on other sites More sharing options...
saintsforlife7 Posted 1 April, 2009 Share Posted 1 April, 2009 Final confirmation, he has gone! http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece Damn not quick enough Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 1 April, 2009 Share Posted 1 April, 2009 Have we had this? http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece Yes mate, one minute prior to yours, Sorry! Link to comment Share on other sites More sharing options...
Bailey Posted 1 April, 2009 Share Posted 1 April, 2009 Good news I guess, providing he has gone for good. Something about this whole thing just doesn't sit right with me though . . . It says in the article that other board members have left too. Who else has gone? And should something be read into the fact that David Jones is still on the board? Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 1 April, 2009 Share Posted 1 April, 2009 What do you chaps do all night? Sit glued to the news feeds? Thanks anyway, you all perform a valuable service for the rest of us lazy sods. Link to comment Share on other sites More sharing options...
saintpat Posted 1 April, 2009 Share Posted 1 April, 2009 Originally Posted by Dalek2003 If Lowe's original plan to put Hoddle in as mamager in 2004 had been allowed to happen we would still be a premier team ! And when was Lowe ever shy of pushing through his plans whatever anyone else thought? That statement is pure Lowe ******** to try and make him look good. Crouch cannot return, he proved during his tenure that although he had his heart firmly in the right place, his head was in the clouds. We need a knight in shining armour who has had little or nothing to do with the club in the past. Someone that no one has any agenda with and who can look at the club objectively and without personalities clouding the issues. A person we have not had at the helm for a VERY long time. We need a new direction in the boardroom that everyone can get behind and support. If administration gets rid of all the flunkeys and 'sound-bite' directors and shareholders that we have had over the last 15 years the it will be the BEST thing that has happened to the club . We need a new beginning with new owners, however I have a really horrible feeling that we'll somehow get some re-hash of existing shareholders. I have everything crossed that some good will come out of Southampton FC's darkest hour yet knowing our club we will manage to find a way to screw it up. Link to comment Share on other sites More sharing options...
Jonnyboy Posted 1 April, 2009 Share Posted 1 April, 2009 may have been posted in the thread already, apologies if so- http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece Traynor eh..? Link to comment Share on other sites More sharing options...
Jonnyboy Posted 1 April, 2009 Share Posted 1 April, 2009 Good news I guess, providing he has gone for good. Something about this whole thing just doesn't sit right with me though . . . It says in the article that other board members have left too. Who else has gone? And should something be read into the fact that David Jones is still on the board? you are just in shock ;-) Link to comment Share on other sites More sharing options...
yorkiesaint Posted 1 April, 2009 Share Posted 1 April, 2009 what i don't get is what's changed now from when the SISU bid was rejected. If admin was eventually unavoidable then those with shares should have accepted the bid. what was it back then that made them think SFC was worth more than SISU were offering and where has it gone? someone please explain. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 1 April, 2009 Share Posted 1 April, 2009 what i don't get is what's changed now from when the SISU bid was rejected. If admin was eventually unavoidable then those with shares should have accepted the bid. what was it back then that made them think SFC was worth more than SISU were offering and where has it gone? someone please explain. Bad decision making ?? Equally we don't know what was actually said within the negotiations ?? Could have been that it seriously was not in best interests of the club (though i don't really see how) ? Personally i just believe that we were in a better position at the time and certain people believed we would have been ok. Plus there is the fact that the whole financial world has gone into complete meltdown since then. Link to comment Share on other sites More sharing options...
Gemmel Posted 2 April, 2009 Share Posted 2 April, 2009 If admin was eventually unavoidable then those with shares should have accepted the bid. If they had a crystal ball, i'm sure they would have. It became a big **** contest, which ultimately meant Lowe had the biggest ****, unfortuneatley it didnt perform at the required times..........probably needed some blue pills as opposed to blue smileys:smt017 Link to comment Share on other sites More sharing options...
LostBoys Posted 2 April, 2009 Share Posted 2 April, 2009 Until us fans know Wilde, Lowe, Askham, Richards, Cowen and Withers have all left the club forever, we cannot celebrate totally. I agree lets wait until 1000 hours tomorrow. I have to say having lost the shares they aquired largely for free I cannot see any of them returning if it requires them to make an investment out of their personal funds to face the inevitable uproar. My real objection to them has been their belief in their right to run the club when faced with one **** up after another of their own making. As you can see from my avatar I am not going to make apologies for any of the useless clowns but it should be pointed out that having acquired sizeable shareholdings in the reverse takeover from their original £100 shares neither Askham nor Richards have taken the opportunity to sell them at various times. If you like they are 'paying' for their loyalty to Lowe. I expect they wish they had taken the SISU insufficient offer (58 pence per share?) Link to comment Share on other sites More sharing options...
offix Posted 2 April, 2009 Share Posted 2 April, 2009 From the Times: "Rupert Lowe, the executive chairman of Southampton Football Club’s debt-laden parent company, and most of the other members of its board have resigned in anticipation of the business going into administration today. " Link to comment Share on other sites More sharing options...
Flyer Posted 2 April, 2009 Share Posted 2 April, 2009 Hes only done that because hes going to takeover the club and couldnt still be in a position there because it would be a conflict of interest! Link to comment Share on other sites More sharing options...
brightspark Posted 2 April, 2009 Share Posted 2 April, 2009 Like finally getting out of a swimming pool that's a little too cold, and falling in to that lovely jacuzzi. All that's left is for the bubbles to come on (Wilde needs to press the button on the way out) Link to comment Share on other sites More sharing options...
Eastcowzer Posted 2 April, 2009 Share Posted 2 April, 2009 What happens if Lowe resigns as Chairman then heads up a consortium to buy the club himself? I'm not sure there's enough server power on the planet to cope with the meltdown on here. Precisely. ! I'm thinking on the same lines Link to comment Share on other sites More sharing options...
Footballfan Posted 2 April, 2009 Share Posted 2 April, 2009 Is this why the ticket prices had been reduced for Saturday now Lowe will have to pay to get in. Link to comment Share on other sites More sharing options...
CHAPEL END CHARLIE Posted 2 April, 2009 Share Posted 2 April, 2009 Newsflash.....Saints fans bid Rupert Lowe a fond farewell Link to comment Share on other sites More sharing options...
70's Mike Posted 2 April, 2009 Share Posted 2 April, 2009 just a shame we will not get to give him a good send off, see teflon jones stll survives Link to comment Share on other sites More sharing options...
Professor Posted 2 April, 2009 Share Posted 2 April, 2009 Amongst the joy about Lowe resigning from SLH, its as well to remember that things can get worse as well as better. The worst case - SMS and other assets sold off, or purchase by an owner with no money to invest in the team and on to to the best case, which would be purchase by an owner (or consortium) with genuine resources and determination to spend. Maybe somewhere in the middle is the most likely, in which case Div 1 is probably as good as it will get.........hope springs eternal, but so does real worry, and its hard to see Saints in the Prem again, perhaps not in our lifetimes. Link to comment Share on other sites More sharing options...
um pahars Posted 2 April, 2009 Share Posted 2 April, 2009 Have we had this? http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece Yes,early evening yesterday from me;) I am led to believe that Lowe, Wilde and Cowen are no longer at the Club in any capacity and the administrator will be calling the shots (think Jones may be there as continuity) going forward. The PLC will be in administration and the administrator will be looking to sell all assets, including the Football Club to any interested parties. If a buyer can't be found, then things may well start to look somewhat different!!!!!! Link to comment Share on other sites More sharing options...
alpine_saint Posted 2 April, 2009 Share Posted 2 April, 2009 Until us fans know Wilde, Lowe, Askham, Richards, Cowen and Withers have all left the club forever, we cannot celebrate totally. Amen to that. Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 2 April, 2009 Share Posted 2 April, 2009 its gone 730, thought it would have been announced by now!!! Don't understand why they are waiting til 10am, don't the LSE get the heads up?? Link to comment Share on other sites More sharing options...
Gingeletiss Posted 2 April, 2009 Share Posted 2 April, 2009 Final confirmation, he has gone! http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece But they have only gone from the PLC......he still has a position on the club's board:( Link to comment Share on other sites More sharing options...
70's Mike Posted 2 April, 2009 Share Posted 2 April, 2009 but they have only gone from the plc......he still has a position on the club's board:( very true Link to comment Share on other sites More sharing options...
um pahars Posted 2 April, 2009 Share Posted 2 April, 2009 But they have only gone from the PLC......he still has a position on the club's board:( With the PLC going into Administration there are affectively no longetr any shareholders!!!!! Additionally the Idrectors of the Football Club are appointed by the PLC, which is now in the hands of the administrator. They are no longer at the Club (although nothing can stop them from making a reappearance in the future, although I doubt they will). Link to comment Share on other sites More sharing options...
70's Mike Posted 2 April, 2009 Share Posted 2 April, 2009 With the PLC going into Administration there are affectively no longetr any shareholders!!!!! Additionally the Idrectors of the Football Club are appointed by the PLC, which is now in the hands of the administrator. They are no longer at the Club (although nothing can stop them from making a reappearance in the future, although I doubt they will). lets hope you are right, but while there is a crack under the door who knows Link to comment Share on other sites More sharing options...
Gingeletiss Posted 2 April, 2009 Share Posted 2 April, 2009 With the PLC going into Administration there are affectively no longetr any shareholders!!!!! Additionally the Idrectors of the Football Club are appointed by the PLC, which is now in the hands of the administrator. They are no longer at the Club (although nothing can stop them from making a reappearance in the future, although I doubt they will). Thanks for the clarification Um's Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 2 April, 2009 Share Posted 2 April, 2009 Good news I guess, providing he has gone for good. Something about this whole thing just doesn't sit right with me though . . . It says in the article that other board members have left too. Who else has gone? And should something be read into the fact that David Jones is still on the board? I would think that Dave Jones staying on because he is the financial director. This should be to enable a smooth transition over to the Administrator and allow them to see the financial workings of the club. Dave Jones was the one constant through the turmoil and changes in the boardroom over the past few years. Link to comment Share on other sites More sharing options...
Master Bates Posted 2 April, 2009 Share Posted 2 April, 2009 Lowe, Wilde & Cowan gone. Dave Jones survives again. Link to comment Share on other sites More sharing options...
JustMike Posted 2 April, 2009 Share Posted 2 April, 2009 Lowe, Wilde & Cowan gone. Dave Jones survives again. Is Dave Jones the finance guy? *edit: just seen the answer to this above* Not very good then is he if we are in the sh!te Link to comment Share on other sites More sharing options...
Master Bates Posted 2 April, 2009 Share Posted 2 April, 2009 Who wishes to take the photo down? Link to comment Share on other sites More sharing options...
JustMike Posted 2 April, 2009 Share Posted 2 April, 2009 Who wishes to take the photo down? they should leave it up in some broom cupboard as a constant reminder to never go back! Link to comment Share on other sites More sharing options...
Greenridge Posted 2 April, 2009 Share Posted 2 April, 2009 Who wishes to take the photo down? Mmm, I'm not so sure we've seen the last of the our saviour. Link to comment Share on other sites More sharing options...
mightysaints Posted 2 April, 2009 Share Posted 2 April, 2009 What happens if Lowe resigns as Chairman then heads up a consortium to buy the club himself? I'm not sure there's enough server power on the planet to cope with the meltdown on here. This has always been my worry. Don't the guys now running the club have to take the best offer (if any to come life). If RL does in deed get his hands on the club then i am gone forever. Link to comment Share on other sites More sharing options...
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