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Club could fold next week


Chez

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Which is another thing.... they are now going to go through our financial documents front to back, and if they find any sign of the slightest irregularity ( which they no doubt will ) , then we can look forward to starting next season on -17, maybe -20, maybe even -30.

 

I will never ever be able to understand how we have got to this situation and will never be able to put into words my feelings towards those 100% incompetent c*nts who have supposedly been running the club. With any luck the Football League will find something with which to charge every one of them with gross negligence.

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I will never ever be able to understand how we have got to this situation and will never be able to put into words my feelings towards those 100% incompetent c*nts who have supposedly been running the club. With any luck the Football League will find something with which to charge every one of them with gross negligence.

 

Don't think the football league charge anyone with anything, just deduct points from the club .

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The league will not kick us out until after the Forest game.... Forest could stay up/go down based on their result against us.

 

Do you honestly think the a team that went down based on Forest being 'given' a 1-0 win as they could not play us would be happy with that?

 

Would cause far too much ****e.... the Football League will bail us out, even if it is to fulfil our last fixture.

 

If we don't play the last game they'd expunge ALL of our results from the League Table, not just award Forest a win, so nice idea, but utter cobblers. There are plenty of precedents of this happening at all levels of football.

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I tell you what Manji he talks more sense than you! He has been proven right, he told me in the Maple Leaf club back in about 1999 that this day would come, and I have to admit that I doubted him at the time.

 

He said on the radio tonight that the PLC was was designed to stop people coming in and taking over ( I think he was referring to the fragmented shareholdings ) The way that the shares were spread out made it difficult for people to come in and oust him and Askham etc, thus protecting their little empire!

 

He wants the Saints fans to WAKE UP and realise that ......

THIS IS FOR REAL!!!....................................SOUTHAMPTON FOOTBALL CLUB IS DAYS AWAY FROM EXTINCTION!!! It sounds as if there is NO DEAL IMMINENT! The club may not be around to play the Forest game on May 3rd!!!

 

He wants all supporters and businesses in Southampton to give what they can to the SOS appeal so that a last ditch bid by the supporters groups can be made to save the club.

 

Interesting that you don't seem to grasp that Chorley talking a load of sh1te and Saints being near to extinction might both be true.

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if they are getting a full settlement then why keep them up to date.

 

I suggest if the club owes the local newsagent £30 for last weeks papers, they will not be sending them much communication

 

who says they are getting a full settlement?

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I presume all creditors are kept up to date and perhaps Crouch is a creditor.

 

Would they? I thought administration worked on the basis that the administrator worked on the basis of securing funds for all the creditors until it wasn't realisable and then moving on to the secured creditors first.

 

Which would be the Aviva for the mortgage and then Barclays. Shareholders are bottom of the pile as I understood it.

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if they are getting a full settlement then why keep them up to date.

 

I suggest if the club owes the local newsagent £30 for last weeks papers, they will not be sending them much communication

 

If creditors expect a full settlement then we are really dead men walking.

 

30 something million to pay off the debt for an L1 team......

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Would they? I thought administration worked on the basis that the administrator worked on the basis of securing funds for all the creditors until it wasn't realisable and then moving on to the secured creditors first.

 

Which would be the Aviva for the mortgage and then Barclays. Shareholders are bottom of the pile as I understood it.

 

 

All creditors get a report telling them what's going on. But I'd be surprised if there was much of an update yet.

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Don't think the football league charge anyone with anything, just deduct points from the club .

 

They did with some of the Luton Directors (although this was linked to the financial irregularities and not just administration).

 

A few got a few year bans and whopping (not) fines of something like £15,000 down to £250!!!!!!!!!!!

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24 days to save the club

 

Piffle Its not 24 calender days its 24 working days so the clock is still ticking

 

Im glad to see Comrade Chorley has entered the fray. He is absolutely correct

about his premonition 10 years ago. I wish I had not wasted buying club shares and instead put a couple of grand on saints going out of business

in 10 years time. I would have got odds of at least 1000/1 and saved the club

 

My sincere apologies go to Richard for not believing in him 10 years ago.

 

Maybe his idea of taken on board the barcelona model is a genuine option the club can use in the future.:cool::cool:

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Why would we fold when every other club that has gone into admin has just carried on playing as normal?

 

What about Bradford PA, Newport County, Aldershot and Accrington Stanley? The last two have reformed and finally got back into the league but they all folded...

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Would they? I thought administration worked on the basis that the administrator worked on the basis of securing funds for all the creditors until it wasn't realisable and then moving on to the secured creditors first.

 

Which would be the Aviva for the mortgage and then Barclays. Shareholders are bottom of the pile as I understood it.

 

I'm saying that perhaps Crouch is a creditor (perhaps because he or his firn lent the club money) therefore is kept in the loop by the administrator as to the real financial problems and the likelyhood of any of the offers/enquiries turning out to be worth the paper they are written on. He therefore might be in a position to convey the information to third parties including said Richard Chorley.

 

Somewhat off topic now but whatever. The fact remains, do we need to find x amount by this time next week or what?

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Serious error of judgement ringing Chorley.

 

If Chorley was briefed by Crouch, then you can rest assured he knew it would come out. It would appear that Crouch is happy to let this message come out, after all he was on the radio last week or whenever giving out exactly the same line.

 

why move the game to the 17th May if the money is needed right now. Who gives a **** about the condition of the pitch?

 

There appears to be mix messages coming out of the club.

 

And given Crouch and others messages, I would have to agree with you.

 

I can only assume that the Administrator is keeping at arms length from the Football Club and any of its financial problems, so as not to antagonise the League.

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I'm saying that perhaps Crouch is a creditor (perhaps because he or his firn lent the club money) therefore is kept in the loop by the administrator as to the real financial problems and the likelyhood of any of the offers/enquiries turning out to be worth the paper they are written on. He therefore might be in a position to convey the information to third parties including said Richard Chorley.

 

Somewhat off topic now but whatever. The fact remains, do we need to find x amount by this time next week or what?

 

By every source, snippet and contact, that I have the answer to that question is, unfortunately yes, and x is a big number

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Maybe his idea of taken on board the barcelona model is a genuine option the club can use in the future.:cool::cool:

 

sounds great in principle but how long would it take to organise and would we have to have Chorley as club president?

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How big?

 

I'll put a grand in if there's some guarantee we won't be in the same situation in May.

 

lol

 

get about 300 mates

and then again in June

and maybe in July we have a concert or two so we only need 100 mates

 

And then we have the delight of a whip round for rasiak's wages all next year

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if we are so close to the end, the 10 points deduction is rapidly becoming irelevant. So wouldn't we put the football club into administration, and, worst case scenario, not pay the wages. Ok we would get the mother of all points deductions and certain relegation to L2, but even that is better than liquidation and the possibility of starting out at the bottom of the pyramid, possibly playing on the common.

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if we are so close to the end, the 10 points deduction is rapidly becoming irelevant. So wouldn't we put the football club into administration, and, worst case scenario, not pay the wages. Ok we would get the mother of all points deductions and certain relegation to L2, but even that is better than liquidation and the possibility of starting out at the bottom of the pyramid, possibly playing on the common.

 

Absolutely correct.

 

Bang the FC Ltd into admin and you get a moratorium period.

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I don't get it.

 

If we are up **** street, why haven't the club started selling season tickets?

 

The problem, as I've said from early on, is that they are asking for money for nothing. If they had something tangible for people to 'buy' to save the club, or something in return, they'd get a lot more 'donations'.

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I don't get it.

 

If we are up **** street, why haven't the club started selling season tickets?

 

The problem, as I've said from early on, is that they are asking for money for nothing. If they had something tangible for people to 'buy' to save the club, or something in return, they'd get a lot more 'donations'.

 

Selling a service when you are not a going concern is, well, to put it bluntly, highly illegal. :rolleyes:

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Alain

 

Im waiting to buy a season ticket , but have no information. At leat the club are guarranted at least two season ticket holders next year if not three if we include Dubai PHil as well

 

 

I will also make a donation but I do not want into go into some blackhole request, not knowing if it will go to help the club.

 

The save our saints looks a good bet as I know one or two of the organisers.

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But they are (currently) a going concern. AND selling season tickets would help them remain one.

 

Q.E.D. why not sell season tickets?

 

Indeed. This has never been satisfactorily answered by anyone IMHO.

 

Why can't the club release a statement if it's a simple case of a law breaking technicality that they can't start selling them on a deferred, but guaranteed, payment basis.

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who the hell is going to underwrite anything connected to a company in administration?

 

The football Club are not in administration and the guy of Lloyds of London said that it was possible.... i guess their are people who would... the advice was to talk to someone who has an interest in the club as it stands... as if and when it is saved there support can be recognised. We have to explore all avenues.

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What I find so amazingly agonising and incredibly poor is the "Clubs" complete and utter lack of action. If the club is so definitely not part of SLH, other than being owned by them, then why are they not telling the world that they need £xxx,xxx???

If everyone knew, then real fundraising could happen. Everyone who is doing something should be applauded, but if you have not got a target or a timeframe you are very likely to fail. The bucket collection and the evening last thursday raised what..£20 max. All good but a drop in the ocean if the amount we need is anywhere near the £500K muted.

 

AS for Crouch...what is his real motive? If he was a real contender would he not want to ensure the club survived and finance it, either by ensuring a takeover quiclky or by issuing a loan directly to SFC??

 

My guess is that its something to do with SMS. Please correct me if Im wrong here, but if The Council (e.g.) purchase SMS for what Aviva is owed (say £24mill) and SMS are listed on SLH accounts/assets at say £16million then in theory SLH have an accounting surplus of £8million, thus re-financing SLH and then shares become live again. In turn, and in theory, dividends could be paid as the company may have made money. There is of course the little matter of the overdraft as well but I dont know the exact figures. The Reports are not accessible on Saintsfc website now!!

This was explained to me by someone,so I may not have it totally accurate but you get my drift?!!

 

I am convinced that Crouch's motive is mainly personal and financial despite his passion for the club.

 

Time will tell eh?!!!!

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Alpine is wrong. It would not be illegal to sell season tickets.

 

The problem is not knowing - even now for 100% certainty - what division we will be in combined - presumably with a desire to let the pricing policy be set by the new board.

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I don't get it.

 

If we are up **** street, why haven't the club started selling season tickets?

 

The problem, as I've said from early on, is that they are asking for money for nothing. If they had something tangible for people to 'buy' to save the club, or something in return, they'd get a lot more 'donations'.

Surely that would be trading when insolvent! They could not guarantee all next years games would be played

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My guess is that its something to do with SMS. Please correct me if Im wrong here, but if The Council (e.g.) purchase SMS for what Aviva is owed (say £24mill) and SMS are listed on SLH accounts/assets at say £16million then in theory SLH have an accounting surplus of £8million, thus re-financing SLH and then shares become live again. In turn, and in theory, dividends could be paid as the company may have made money. There is of course the little matter of the overdraft as well but I dont know the exact figures. The Reports are not accessible on Saintsfc website now!!

This was explained to me by someone,so I may not have it totally accurate but you get my drift?!!

 

You're wrong on quite a few levels, not least that no one would ever pay the full amount of what is owed Aviva (and your bit about the value of SMS in the accounts is a red herring). Happy to explain ore later, but off to work in a mo.

 

I am convinced that Crouch's motive is mainly personal and financial despite his passion for the club.

 

Time will tell eh?!!!!

 

I of course may be very wide of the mark, but IMHO Crouch' motives here are not financial. He may be misguided, he may be spot on, or whatever, but IMHO he's doing what he thinks is right to save the Club from oblivion. I honestly don't think him personally making a few £££'s comes anywhere near the equation.

Edited by um pahars
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Southampton Football Club continues to trade - otherwise you couldn't buy tickets for the Burnley game.

 

So where is all this crap about the club folding before the end of the season coming from them ? We are being told if not enough tickets are sold for Burnley we are going under.

 

We can hardly sell STs, can we ?

 

Why do you think there was no March Madness this year ? :rolleyes:

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Either there will be a last minute swoop by someone or group to save us or the rumour about the Blue Square League is true !

 

It usually happens in the dying hours, so I'm ready for a bit of drama on the day. Buyers usually hold out right until the end, and then go "oooo oooohhh ooooh OH ALRIGHT I'M BUYING!!!"

 

Or at least I hope this is the case...

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