Too many consortiums for Mr Fry (and us)?

[SW11_Saint]

Apologies for starting a new thread on this but with the number of potential consortiums now said to be in the region of 35 I am concerned at how Mr Fry is going to be able to make the right choice (By right I mean in the best interests of the football club).

 

As far as I am aware his duty is to get the best return for the creditors. The more interest there is the more he can drive the price up. If at the end of the day he has a choice between Consortium A who are offering to cough up £12m to settle all debts and Consortium B who are prepared to go to £18m surely he would have to go for option B?

 

But what if Consortium A are a well-respected group of local successful business men who are genuinely committed to the future of SFC while the B bunch are just a group of wealthy speculators who would not invest in the team while looking to sell on for a quick profit? I assume most on this forum would want Consortium A but I am sure at the end of the day Fry would have to go for option B.

 

Consortium A may then be forced to come back and up their bid but the extra money they submit would then not be available to invest in the team building we will certainly need once the dust from this season has settled.

 

I know the identity of one consortium out there and think they to probably be just "what the doctor ordered" for our club but I am concerned they will be "outbid" by much less scrupulous operators better equiped to meet Fry's and the creditors "rising by the minute" expectations! I hope I am wrong.

Even though there seems to be a lot of interest - which is good news for once! - I suspect 90% of them will be ruled out immediately as lacking the wherewithall to be considered serious bidders.

 

I believe the administrators role is twofold - certainly he has to represent the creditors and try to get them as much of their money back as possible, but he is also representing the entity going into administration, and has a duty to make a decision that will give that company the best chance of flourishing on an ongoing basis. Although clearly money will "talk" to some extent, we have to trust Mr. Fry's professionalism to make the most sound decision to satisfy both requirements.

 

Frankly we're in a "beggars can't be choosers" situation, so regardless we have to trust Fry & Co. but I think they will weigh up all aspects before coming to any conclusions. I guess we'll find out mid next week how many 'real contenders' there are...

[dubai_phil]

I dont care what his past record is if he comes forward with a fantastivc investor.If he is wasting the clubs money then Im not happy.

 

 

Did the Man City fans spit out the dummy when Thaksin came on board with all the dubious baggage and reputation that he is alleged to have? No of course not they looked at the money.

 

In fact are the Man City fans rioting in the streets demanding that their Abu Dhabi owners back off because Dubai is part of the UAE and so they are indirectly responsible for all those horrific things being done to poor workers down here? No of course not, they look at the money.

 

Will Mark Fry have any qualms about accepting a bid from Mr Goodwins RBS pension fund? Will he hell, he'll look at the money.

 

And should we riot in the streets because said Mr Goodwin sits in the Directors Box on Saturday prior to starting a discussion, but after proving funds and signing an NDA....

 

We need to focus on where the money comes from anybody who thinks it is anything to do with the right people or nice people again will have made a serious error of judgement

 

We don't like it - the law don't care - THAT's the problem with Admin. No choice - just about getting the money in

[The Rover]

At last Saturday's game, 18 consortiums were at the match. Either in the boardroom, directors box or overflowing into the stands. Madness, the sooner some of these goons get out of the way to let proper serious people through the better. Idiots like Jackson are messing things up and decent people are falling by the wayside. Hope that is intelligible enough for you.

 

I do find this a bit strange Duncan. I respect your views and think I understand your point but are you really saying that the people you are in contact with are being frightened away by a few loud mouthed idiots who will soon be shown the door by Mr Fry anyway?

 

It's just that if they haven't got the stomach for a few spats over prawn sandwiches how are they going to deal with the intelligentsia of the City in the Itchen corner shouting at them in the Directors box when we're losing?

[derry]

I do find this a bit strange Duncan. I respect your views and think I understand your point but are you really saying that the people you are in contact with are being frightened away by a few loud mouthed idiots who will soon be shown the door by Mr Fry anyway?

 

It's just that if they haven't got the stomach for a few spats over prawn sandwiches how are they going to deal with the intelligentsia of the City in the Itchen corner shouting at them in the Directors box when we're losing?

 

Reading between the lines, I understand what Duncan is on about. If you were a well educated clever multimillionaire along with equally well breached associates, turned up at SMS to quickly move the bid forward, and found the whole thing snarled up with a collection of tyrekicking flash Arthur Daley types gumming up the works, and nothing able to move forward until the logjam is sorted, you might well take the view that you need this like a hole in the head.

[thefuriousb]

Reading between the lines, I understand what Duncan is on about. If you were a well educated clever multimillionaire along with equally well breached associates, turned up at SMS to quickly move the bid forward, and found the whole thing snarled up with a collection of tyrekicking flash Arthur Daley types gumming up the works, and nothing able to move forward until the logjam is sorted, you might well take the view that you need this like a hole in the head.

 

I still do not get why they would be put off by the interest of others.

 

Many on here felt that we were a good opportunity for the right people.

 

Mark Fry clearly feels that to be the case too. He made that clear in the 1st press conference.

 

If they were that well educated this would not have been a surprise.

 

Why did they not make an appointment before the game or for last Monday morning if they wanted to quickly move the bid forward?

 

It almosts sounds as if they are preparing their excuses at the first sign of having to compete.

[Weston Saint]

I still do not get why they would be put off by the interest of others.

 

Many on here felt that we were a good opportunity for the right people.

 

Mark Fry clearly feels that to be the case too. He made that clear in the 1st press conference.

 

If they were that well educated this would not have been a surprise.

 

Why did they not make an appointment before the game or for last Monday morning if they wanted to quickly move the bid forward?

 

It almosts sounds as if they are preparing their excuses at the first sign of having to compete.

Might simply have been a wake up call.

[Window Cleaner]

I still do not get why they would be put off by the interest of others.

 

Many on here felt that we were a good opportunity for the right people.

 

Mark Fry clearly feels that to be the case too. He made that clear in the 1st press conference.

 

If they were that well educated this would not have been a surprise.

 

Why did they not make an appointment before the game or for last Monday morning if they wanted to quickly move the bid forward?

 

It almosts sounds as if they are preparing their excuses at the first sign of having to compete.

 

Well I don't know about you but I remember the nauseating bullsh*t that LLS used to spout incessantly on TSF.Imagine you're a well educated business guy who's been there and done that and you have to listen to an idiot like him spouting off in the directors box for 105 minutes. Id probably walk out after about 10 minutes.

[lenwilkins]

Reading between the lines, I understand what Duncan is on about. If you were a well educated clever multimillionaire along with equally well breached associates, turned up at SMS to quickly move the bid forward, and found the whole thing snarled up with a collection of tyrekicking flash Arthur Daley types gumming up the works, and nothing able to move forward until the logjam is sorted, you might well take the view that you need this like a hole in the head.

 

I'd have thought you'd just have a quiet word with Mr Fry, tell him you've got the dosh and you'll be happy to show it to him once he's got rid of the riff-raff.

[Gorgiesaint]

Reading between the lines, I understand what Duncan is on about. If you were a well educated clever multimillionaire along with equally well breached associates, turned up at SMS to quickly move the bid forward, and found the whole thing snarled up with a collection of tyrekicking flash Arthur Daley types gumming up the works, and nothing able to move forward until the logjam is sorted, you might well take the view that you need this like a hole in the head.

 

Another way of putting it is that if they don't get their way then they spit their dummy....

 

Do we really want that type of person/persons in charge even if they do have money? But, as has been mentioned, beggars can't be choosers.

[SFC Forever]

It could end up being less but the winners will need to show that they have more available for the team and running costs. With it looking a foregone conclusion that Division 1 beckons we need to be certain that our team is well supported. We must fill the ground for our last two games this season and show everybody that the club is a good purchase.

I would also like to see a game set up for the "Save our Saints" fund to pay for the running costs before the next season starts. The same quality of players would willingly play if it meant saving this great club of ours. First Saturday after the season end would give enough time to organise teams, staff etc. I would imagine the staff would be prepared to offer their services in the need for health and safety.