alpine_saint Posted 8 April, 2009 Posted 8 April, 2009 Surely one will work out ? http://www.dailyecho.co.uk/news/4275117.Number_of_potential_Saints_buyers_rises_to_31/ Gonna slow things down though...
NickG Posted 8 April, 2009 Posted 8 April, 2009 Surely one will work out ? http://www.dailyecho.co.uk/news/4275117.Number_of_potential_Saints_buyers_rises_to_31/ Gonna slow things down though... will you stop trawling the internet for positive stories on Saints;)
SaintRobbie Posted 8 April, 2009 Posted 8 April, 2009 I will say it again to Mr Fry: please reassure us in your next piece in The Echo that the deal sought will primarily be in the interests of the Club, not the dead duck plc or the Bank. Positive stuff though! I knew there were buyers out there... shame Lowe didnt sell last summer and avoid all of this utter nonsense and relegation. Can hardly accuse those of us that pleaded for him to do so of hindsight on this issue. Regardless of the spin Lowe is putting on his media interviews, he has really ****ed up our Club for too many years more than was necessary. He has left us with poor management, a demoralised bunch of experienced players, and broken kids. He has set us up for League 2 not 1. Still... here's hoping for a sensible buyer who wants to be a hero and the hope that Lowe never darkens the steps of SMS again.
Micky Posted 8 April, 2009 Posted 8 April, 2009 The simple question now though, is to establish how many viable bids are on the table. The more tyre kickers that involve themselves in this process the longer it will drag on - most on this board should appreciate this fact from quite recent activities elsewhere.
alpine_saint Posted 8 April, 2009 Author Posted 8 April, 2009 The simple question now though, is to establish how many viable bids are on the table. The more tyre kickers that involve themselves in this process the longer it will drag on - most on this board should appreciate this fact from quite recent activities elsewhere. Agree. Half are probably Pompey wind-ups. Let's hope they are receiving short shrift..
bjk Posted 8 April, 2009 Posted 8 April, 2009 I've just got a feeling,that with all things Saints,we'll all end up dissapointed with whoever buys the club in that they dont really have enough funds to take us forward.
INFLUENCED.COM Posted 8 April, 2009 Posted 8 April, 2009 I will say it again to Mr Fry: please reassure us in your next piece in The Echo that the deal sought will primarily be in the interests of the Club, not the dead duck plc or the Bank. He can't say that.
SaintRobbie Posted 8 April, 2009 Posted 8 April, 2009 I've just got a feeling,that with all things Saints,we'll all end up dissapointed with whoever buys the club in that they dont really have enough funds to take us forward. This is what I am getting at when I call for Mr Fry to say 'Club before Bank'. There are no doubt some wealthy bids in for the Club, speculation has it 3 'serious' offers thus far. But, for the Club to succeed Barclays will need to cream off enough to satisfy itself that it has achieved a good deal under the circumstances but leave enough to rebuild and take the club forward. We shouldnt be concerned with just survival. We have an important opportunity to go one better. Clearly there are many interested buyers for the Club, hopefully we do have enough to move on.
SaintRobbie Posted 8 April, 2009 Posted 8 April, 2009 He can't say that. Unfortunately I know he can't. But he will need to reassure us that the deal taken was in the best interests of all parties at least.
Bartosz Bialkowski Posted 8 April, 2009 Posted 8 April, 2009 I will say it again to Mr Fry: please reassure us in your next piece in The Echo that the deal sought will primarily be in the interests of the Club, not the dead duck plc or the Bank. Positive stuff though! I knew there were buyers out there... shame Lowe didnt sell last summer and avoid all of this utter nonsense and relegation. Can hardly accuse those of us that pleaded for him to do so of hindsight on this issue. Regardless of the spin Lowe is putting on his media interviews, he has really ****ed up our Club for too many years more than was necessary. He has left us with poor management, a demoralised bunch of experienced players, and broken kids. He has set us up for League 2 not 1. Still... here's hoping for a sensible buyer who wants to be a hero and the hope that Lowe never darkens the steps of SMS again. This time we are selling only the football club, big difference.
SaintRobbie Posted 8 April, 2009 Posted 8 April, 2009 This time we are selling only the football club, big difference. Very good point... smell the fresh air! PLC is dead.
alpine_saint Posted 8 April, 2009 Author Posted 8 April, 2009 This time we are selling only the football club, big difference. The registrations and contracts for a bunch of unfit, demotivated and basically shiit players. Great.
SaintRobbie Posted 8 April, 2009 Posted 8 April, 2009 The registrations and contracts for a bunch of unfit, demotivated and basically shiit players. Great. Not many assets you're right, but some could be with the right manager.
Bartosz Bialkowski Posted 8 April, 2009 Posted 8 April, 2009 The registrations and contracts for a bunch of unfit, demotivated and basically shiit players. Great. surprised there are only 31 interested parties. Its within reach of anyone with a spare tenner.
Torres Posted 8 April, 2009 Posted 8 April, 2009 Frank Bruno and Clare Balding are going to be very busy judging.
trousers Posted 8 April, 2009 Posted 8 April, 2009 If all 31 suitors have £15m each (which they must have to pass 'Go') then how about they all join forces and thus plough c.£0.5 billion into the club? In the words of the meerkat: "Simples"
Scummer Posted 8 April, 2009 Posted 8 April, 2009 If all 31 suitors have £15m each (which they must have to pass 'Go') Where did you get that info from? I'd have thought plenty of the bidders will have less cash than that.
alpine_saint Posted 8 April, 2009 Author Posted 8 April, 2009 If all 31 suitors have £15m each (which they must have to pass 'Go') then how about they all join forces and thus plough c.£0.5 billion into the club? In the words of the meerkat: "Simples" ROI may be a bit of an issue here...
Victor Posted 8 April, 2009 Posted 8 April, 2009 The number of bids should not slow the process. They are bidding for the club - Fry's remit is to maximise the money raised on the assets of the Plc, of which the club is just one. As I see it, his only criterion is to take the highest bid, provided he can satisfy himself that the bidder has the funds. He doesn't care what happens to the club after he has got the money, so he only needs to look at the highest couple of bids - or even just the highest if they show they have the cash.
SaintRichmond Posted 8 April, 2009 Posted 8 April, 2009 I will say it again to Mr Fry: please reassure us in your next piece in The Echo that the deal sought will primarily be in the interests of the Club, not the dead duck plc or the Bank. Positive stuff though! I knew there were buyers out there... shame Lowe didnt sell last summer and avoid all of this utter nonsense and relegation. Can hardly accuse those of us that pleaded for him to do so of hindsight on this issue. Regardless of the spin Lowe is putting on his media interviews, he has really ****ed up our Club for too many years more than was necessary. He has left us with poor management, a demoralised bunch of experienced players, and broken kids. He has set us up for League 2 not 1. Still... here's hoping for a sensible buyer who wants to be a hero and the hope that Lowe never darkens the steps of SMS again. IMHO, he is already planning yet another return ..........with the new owners
sambosa75 Posted 8 April, 2009 Posted 8 April, 2009 ROI may be a bit of an issue here... Why bring the Republic of Ireland into this?!
Smirking_Saint Posted 8 April, 2009 Posted 8 April, 2009 The number of bids should not slow the process. They are bidding for the club - Fry's remit is to maximise the money raised on the assets of the Plc, of which the club is just one. As I see it, his only criterion is to take the highest bid, provided he can satisfy himself that the bidder has the funds. He doesn't care what happens to the club after he has got the money, so he only needs to look at the highest couple of bids - or even just the highest if they show they have the cash. I was under the understanding although yes he is looking to get the maximum amount for the assets of club however i thought he also needs to ensure whomever takes over will not put the club back into this position a week after taking over ??
trousers Posted 8 April, 2009 Posted 8 April, 2009 Where did you get that info from? I'd have thought plenty of the bidders will have less cash than that. I'm sure I read that the Administrators were seeking a £15m "minimum investment" figure somewhere on t'internet. Will have a trawl.
St Landrew Posted 8 April, 2009 Posted 8 April, 2009 One question: Do all these enquiries have to be successfully wound up by the end of the season, and for SFC to be sold, for the club to keep from being docked 10 points..? 31 enquiries are a lot to trawl through.
Gingeletiss Posted 8 April, 2009 Posted 8 April, 2009 Um!!!!!!!!!!.......the problem as I see it, is to get in someone who's in it for the football, alas, we will end up with someone who's in it for profit (ie the premiership bucks). This is why I have my fingers crossed for Frost, and not some consortium from 'whateverland'. That said, I'll take nicks leisure company, or Canteens name changing buisness, if it means saving Saints.
bungle Posted 8 April, 2009 Posted 8 April, 2009 Frank Bruno and Clare Balding are going to be very busy judging. I am looking forward to the phone vote.
Matthew Le God Posted 8 April, 2009 Posted 8 April, 2009 One question: Do all these enquiries have to be successfully wound up by the end of the season, and for SFC to be sold, for the club to keep from being docked 10 points..? 31 enquiries are a lot to trawl through. Takeover has to be within next 3/4 weeks. 10 points being deducted doesn't really enter into it as we will escape that through the Football League messing up their own rules with the loophole.
Fitzhugh Fella Posted 8 April, 2009 Posted 8 April, 2009 The number of bids should not slow the process. They are bidding for the club - Fry's remit is to maximise the money raised on the assets of the Plc, of which the club is just one. As I see it, his only criterion is to take the highest bid, provided he can satisfy himself that the bidder has the funds. He doesn't care what happens to the club after he has got the money, so he only needs to look at the highest couple of bids - or even just the highest if they show they have the cash. Quite correct and tbh it is a concern
SaintDonkey Posted 8 April, 2009 Posted 8 April, 2009 ROI may be a bit of an issue here... You've got to hope that at least a couple of these are fan bids - and you've also got to hope that those people get together to combine their investment. I'd hate to think that 2 different fan groups lose out to some body who doesn't give a toss when they could have won if they had combinded their bids.
fish fingers Posted 8 April, 2009 Posted 8 April, 2009 Frank Bruno and Clare Balding are going to be very busy judging. I do hope they are up for the task in hand, obviously Clare has the personal interest but can we rely on Frank to make the correct decisions.
Toadhall Saint Posted 8 April, 2009 Posted 8 April, 2009 Unfortunately I know he can't. But he will need to reassure us that the deal taken was in the best interests of all parties at least. He will - but we all know his job is to sort out the creditors and by doing so he should sort out the club.
Junior Mullet Posted 8 April, 2009 Posted 8 April, 2009 It should not slow the process down at all. The process is actually fairly simple. The onus really is down to the bidders to due their due diligence and put a bid on the table with evidence that it is substantiated. If they don't do it in time they lose out. Simples. I can't see any problem with us getting this done within the requisite timescale, whatever that may be.
Saintjersey Posted 8 April, 2009 Posted 8 April, 2009 I actually think it is for the benefit of us to have 31 interested parties. This should mean that the parties will now wish to propose a more lucrative offer than their opposition, meaning that the club will benefit greater. The more parties there are the more opposition, the better for us I say
Toomer Posted 8 April, 2009 Posted 8 April, 2009 IMO after the 31 inertested parties have been veted it will come down to 3 or 4 who have the where with all.
Saints foreva Posted 8 April, 2009 Posted 8 April, 2009 I've just got a feeling,that with all things Saints,we'll all end up dissapointed with whoever buys the club in that they dont really have enough funds to take us forward. And knowing that this is Saints.. No doubt if we was to get brought and us fans to be disappointed.. it would come out a few months later that a someone with billions came close to buying us but this man beat him to it!
dubai_phil Posted 8 April, 2009 Posted 8 April, 2009 I actually think it is for the benefit of us to have 31 interested parties. This should mean that the parties will now wish to propose a more lucrative offer than their opposition, meaning that the club will benefit greater. The more parties there are the more opposition, the better for us I say Not necessarily true... Remember the Administrator's TOTAL legal role is to get the best deal for the CREDITORS. The more money he gets to pay off the likes of Aviva from any consortium, then the better he has done and the happier Aviva are. Unfortunately this means that the cost of acquiring SFC Ltd has increased for the buyers. The magic ROI line means the more somebody pays the more they will EXPECT back. NONE of the people in that list of 31 will be a registered charity, they will all be successful capitalists. Whether that means higher ticket prices, higher Saints Store Prices, higher Saintstv subscriptions, that comes from somewhere. They will of course laready have factored in the likelihood of footballing success on attendance income so that extra money has to come from somewhere else. How do they get their money back - it will go in dividends which is the fans chief (not simply being a tw*t) argument against the whole Lowe era. More money to the creditors, less for the team or for running costs and the more they would expect back - QED - lots of people bidding = bidding war = survival but at what price?
benjii Posted 8 April, 2009 Posted 8 April, 2009 Not necessarily true... Remember the Administrator's TOTAL legal role is to get the best deal for the CREDITORS. His first duty is to try to find a way for the company to continue as a going concern. If that can't be done his duty turns to maximising return for the creditors.
offix Posted 8 April, 2009 Posted 8 April, 2009 I would be very surprised (but happy) if ANYONE ended up buying the club.
Frank's cousin Posted 8 April, 2009 Posted 8 April, 2009 I would be very surprised (but happy) if ANYONE ended up buying the club. BUt we also still need someone to buy SMS Ltd - especially if these offers have been for SFC Ltd only - otherwise we may not have a home!
eelpie Posted 8 April, 2009 Posted 8 April, 2009 I hope that the administrator is aware that Lowe could well reappear via mates of his -if any of them are among those showing interest in buying the club.
Ponty Posted 8 April, 2009 Posted 8 April, 2009 Very good point... smell the fresh air! PLC is dead. The very same PLC that may have saved us from a 10 point penalty? Good and bad in everything, it would seem.
Fitzhugh Fella Posted 8 April, 2009 Posted 8 April, 2009 I think the fewer consortiums the better. More will only drive the price up leaving lest for investment in the team. Incidentally Rupert was telling people a few days ago he reckoned the club could be bought by someone who had £15m.
trousers Posted 8 April, 2009 Posted 8 April, 2009 I think the fewer consortiums the better. More will only drive the price up leaving lest for investment in the team. Incidentally Rupert was telling people a few days ago he reckoned the club could be bought by someone who had £15m. Ah...maybe that's where I heard the "£15m" figure that I quoted elsewhere (although, not from the horses mouth, obviously....)
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