Amesbury Saint Posted 21 April, 2009 Share Posted 21 April, 2009 we will be ok. My guess is that there will be some poistive noises later this week by the administrator. Partly to reassure fans but also to fill SMS for Saturday. Link to comment Share on other sites More sharing options...
saint_ed Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 April, 2009 Share Posted 21 April, 2009 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 . Link to comment Share on other sites More sharing options...
The9 Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
The9 Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
saint_ed Posted 21 April, 2009 Share Posted 21 April, 2009 Don't think the football league charge anyone with anything, just deduct points from the club . I realised what I wrote wasn't too clear....I mean the Football League stumble across something and contact the relevant authorities Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 April, 2009 Share Posted 21 April, 2009 I realised what I wrote wasn't too clear....I mean the Football League stumble across something and contact the relevant authorities of course Link to comment Share on other sites More sharing options...
hypochondriac Posted 21 April, 2009 Share Posted 21 April, 2009 How on earth does anyone other than the administrator know that a deal is not imminent Link to comment Share on other sites More sharing options...
aintforever Posted 21 April, 2009 Share Posted 21 April, 2009 Why would we fold when every other club that has gone into admin has just carried on playing as normal? Link to comment Share on other sites More sharing options...
Chez Posted 21 April, 2009 Author Share Posted 21 April, 2009 How on earth does anyone other than the administrator know that a deal is not imminent I presume all creditors are kept up to date and perhaps Crouch is a creditor. Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 21 April, 2009 Share Posted 21 April, 2009 How on earth does anyone other than the administrator know that a deal is not imminent My guess is that it is. My guess is that we will start hearing positive noises tomorrow - if only to boast the crowd for Sarturday. A full house Saturday helps everyone Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 21 April, 2009 Share Posted 21 April, 2009 I presume all creditors are kept up to date and perhaps Crouch is a creditor. 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 Link to comment Share on other sites More sharing options...
Chez Posted 21 April, 2009 Author Share Posted 21 April, 2009 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? Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 21 April, 2009 Share Posted 21 April, 2009 who says they are getting a full settlement? me guessing. Link to comment Share on other sites More sharing options...
Johnny Shearer Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 April, 2009 Share Posted 21 April, 2009 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...... Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
um pahars Posted 21 April, 2009 Share Posted 21 April, 2009 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!!!!!!!!!!! Link to comment Share on other sites More sharing options...
J Bizzle Posted 21 April, 2009 Share Posted 21 April, 2009 Exactly. The administrators have said we have till the summer. No we don't we have until the Burnley game for definate. After that is unknown. Link to comment Share on other sites More sharing options...
Viking Warrior Posted 21 April, 2009 Share Posted 21 April, 2009 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: Link to comment Share on other sites More sharing options...
Johnny Shearer Posted 21 April, 2009 Share Posted 21 April, 2009 All creditors get a report telling them what's going on. But I'd be surprised if there was much of an update yet. Ah I see. A bit pointless for nominal creditors though imo. Link to comment Share on other sites More sharing options...
rpb Posted 21 April, 2009 Share Posted 21 April, 2009 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... Link to comment Share on other sites More sharing options...
Chez Posted 21 April, 2009 Author Share Posted 21 April, 2009 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? Link to comment Share on other sites More sharing options...
Wiltshire Saint Posted 21 April, 2009 Share Posted 21 April, 2009 He sounds like Mystic Meg. Link to comment Share on other sites More sharing options...
um pahars Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 April, 2009 Share Posted 21 April, 2009 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 Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 21 April, 2009 Share Posted 21 April, 2009 Ah I see. A bit pointless for nominal creditors though imo. If you're owed, you're owed! But yes, I still have papers coming through now telling me how much money Grant Thornton are spending NOT getting my money back... Link to comment Share on other sites More sharing options...
Chez Posted 21 April, 2009 Author Share Posted 21 April, 2009 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? Link to comment Share on other sites More sharing options...
Alain Perrin Posted 21 April, 2009 Share Posted 21 April, 2009 By every source, snippet and contact, that I have the answer to that question is, unfortunately yes, and x is a big number How big? I'll put a grand in if there's some guarantee we won't be in the same situation in May. Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 April, 2009 Share Posted 21 April, 2009 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 Link to comment Share on other sites More sharing options...
.comsaint Posted 21 April, 2009 Share Posted 21 April, 2009 Crouch never rings me ffs with any juicy snippets. Link to comment Share on other sites More sharing options...
teamsaint Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
Viking Warrior Posted 21 April, 2009 Share Posted 21 April, 2009 On a less serious note, If the club is going to fold next week does that mean the Japanese origami business consortium will betaking over Just a thought.............................. Link to comment Share on other sites More sharing options...
benjii Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
Alain Perrin Posted 21 April, 2009 Share Posted 21 April, 2009 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'. Link to comment Share on other sites More sharing options...
alpine_saint Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
Viking Warrior Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
Alain Perrin Posted 21 April, 2009 Share Posted 21 April, 2009 Selling a service when you are not a going concern is, well, to put it bluntly, highly illegal. But they are (currently) a going concern. AND selling season tickets would help them remain one. Q.E.D. why not sell season tickets? Link to comment Share on other sites More sharing options...
trousers Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
ooohTerryHurlock Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
MarkSFC Posted 21 April, 2009 Share Posted 21 April, 2009 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?!!!! Link to comment Share on other sites More sharing options...
SaintBobby Posted 21 April, 2009 Share Posted 21 April, 2009 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. Link to comment Share on other sites More sharing options...
St_Tel49 Posted 21 April, 2009 Share Posted 21 April, 2009 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 Link to comment Share on other sites More sharing options...
SaintBobby Posted 22 April, 2009 Share Posted 22 April, 2009 Surely that would be trading when insolvent! They could not guarantee all next years games would be played Southampton Football Club continues to trade - otherwise you couldn't buy tickets for the Burnley game. Link to comment Share on other sites More sharing options...
Eastcowzer Posted 22 April, 2009 Share Posted 22 April, 2009 Again, for the sake of one game, it could have a massive impact on the whole league, the football league will not let it happen..... I hope..... if common sense prevails. Since when have the Football League ever showed any common sense. Link to comment Share on other sites More sharing options...
um pahars Posted 22 April, 2009 Share Posted 22 April, 2009 (edited) 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 22 April, 2009 by um pahars Link to comment Share on other sites More sharing options...
alpine_saint Posted 22 April, 2009 Share Posted 22 April, 2009 Alpine is wrong. Nope. Not wrong. Trading when insolvent is very, very illegal. Link to comment Share on other sites More sharing options...
alpine_saint Posted 22 April, 2009 Share Posted 22 April, 2009 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 ? Link to comment Share on other sites More sharing options...
brightspark Posted 22 April, 2009 Share Posted 22 April, 2009 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... Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 22 April, 2009 Share Posted 22 April, 2009 If our situation is a serious as the club folding next week, aren't the fantastic fund raising days going to come too late in May? i think we need to be told a figure to keep us afloat otherwise we are all just rowing in the dark! Link to comment Share on other sites More sharing options...
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