CHAPEL END CHARLIE Posted 22 April, 2009 Share Posted 22 April, 2009 Is it not standard practice for the PFA to step in and pay players wages in this type of situation ? Would the Football League not take that as proof that the club was indeed effectively bankrupt ? As ever there are more questions than answers . Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 All last week, we had thread after thread, saying we should not be docked points, as it was SLH that had gone into administration....'please nice football league, don't take points off us'. Now it seems, we are in fact in administration, because dear old ITK nickh, self proclaimed cheerleader, in the absence of 19flashbearcanteen says so. Perhaps you should make the football league aware of our position, they could save the cost of the forensic accountant. well you ought to go and speak to MR Crouch and tell him to stop begging fans to turn up to SMS but go and buy tickets for SLH. As for ITK I was answering a question BTF put to me,if she wishes to trust me then I will answer her ,if you dont believe me then fine it doesn't change my life that Ginge thinks I need to lie to strangers on the internet Lol Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 nick you are a one....A right little tease..So many contacts in the dressing room all season and now someone so close to Rupes.....I want you to write a book one day... Paul Allen.... The buyer who dropped out at the last minute. Keep all the snippets coming mate.:cool: COYRsNot at all. The last minute thing was mentioned in the media. I have no idea what the rest you are on about, no change there then Link to comment Share on other sites More sharing options...
dubai_phil Posted 22 April, 2009 Share Posted 22 April, 2009 nick you are a one....A right little tease..So many contacts in the dressing room all season and now someone so close to Rupes.....I want you to write a book one day... Paul Allen.... The buyer who dropped out at the last minute. Keep all the snippets coming mate.:cool: COYRs Actually on that last one, there is a quite reliable source by the name of Mark Fry. It was in his original press statement. The fact that the Hijack of the American Container ship went wrong and the Somali boys couldn't prove funds in time was neither here nor there. BUT there was something that Fry felt he needed to comment on though nobody has questioned it in the media or on here, so apart from the comment there has been no follow up, and anyways, nobody on here would have taken it that seriously - after all, Lowe talking to possible buyers - good grief our world would have turned upside down on here. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 22 April, 2009 Share Posted 22 April, 2009 nick..........I'll not deny the fact that we're in dire straits, but it beginning to get bl**dy tedious, with poster after poster coming on and stating that for a fact. Time enough for you and the other luvies to shout 'we told you so'...but at least wait until it's a fact, and not a something you keep saying to cause a reaction.............. Link to comment Share on other sites More sharing options...
benjii Posted 22 April, 2009 Share Posted 22 April, 2009 Brilliant post =D> (worth quoting if only that those who have limited attention spans have a second crack at reading it.) The club could fold - like any other business. But my own guess is that SFC is more like a Leeds than a Boston or Bradford PA. If you can be arsed to read the history of Leeds on Wikipedia: http://en.wikipedia.org/wiki/Leeds_United_Football_Club_Limited or look at the court cases that followed their 15 point deduction or indeed the case concerning MK Dons, you will get some idea of the complexity of the issues involved. We're talking a very toxic mix of the League's Articles of Association, the huge grey area of the League's discretion in relation to its own Insolvency Policy, the FA's role as supervisor of the Football League, the rules governing Administration of companies, wrongful trading, the relationship between SLH plc and SFC Lmited, the relationship between a football club (whatever that is) and the legal entity that owns it, a phenomenal loan secured against SMS and a shed-load of overdraft that Barclays will be very lucky to see a penny of ... not to mention the pressing issue of how to fund "the club" (whatever that is) and the costs of the administration whilst all these issues are sorted out ... oh, not forgetting 1 and possibly 2 relegations ... or worse ... Bates was able to transfer the assets of the old Leeds United company to his new company on favourable commercial terms without suffering an immediate second relegation (to CC League 2) ultimately because HMRC, the Football League and other bidders ran out of tarmac. The Football League clearly wanted Leeds to survive and exercised its considerable discretion to penalise Leeds 2007 relatively leniently .. having wanted to believe Bates' flimsy back of a fag-packet assurances about partially compensating unsecured creditors if Leeds got back to the Premiership. If there is a figure as committed and as well backed as Bates looking to buy the assets of Southampton Football Club (whatever that is) cheaply from SLH plc and/or SFC Ltd then we are probably entering the "chicken" phase of a game of brinkmanship involving Norwich Union, Barclays, HMRC and other creditors, the prospective new owner and the Football League that will probably end up with us starting next season either in League 2 or in League 1 with a further points deduction. If this game goes on for more than a few days then presumably SFC Limited itself will go into administration and a little more time may be bought to stave off creditors. This protection does not, however, provide funds to enable the "club" to keep trading (at a loss) in the interim ... and it was this imperative, I think, that ultimately saved Leeds .. ironically.. because Bates realised that time was on his side ... the longer matters went unresolved, the more chance there was of the club folding completely ... so in the end it was Bates or nothing ... and all objectors and competitors realised further resistance was futile ... Bates went nuclear and won ... It is interesting to note that Leeds United 2007 Limited, having sloughed off the £30 million or so debts of the old Leeds company, made a profit of £1 million in its first year in League 1 .... Obviously, we live in a very different financial climate from 2 years ago but .. fingers crossed .. COYR Link to comment Share on other sites More sharing options...
CHAPEL END CHARLIE Posted 22 April, 2009 Share Posted 22 April, 2009 To answer my own question there seems little doubt the players will get their money this month one way or another , if these examples are anything to go by anyway : http://www.dailymail.co.uk/sport/football/article-1165564/Union-pay-players-wages-Darlington-Stockport-Chester-Bournemouth-12-clubs-face-administration.html Thank god for that , I was worried about how the little darlings would keep the wolf from the door . ;-) Link to comment Share on other sites More sharing options...
dubai_phil Posted 22 April, 2009 Share Posted 22 April, 2009 To answer my own question there seems little doubt the players will get their money this month one way or another , if these examples are anything to go by anyway : http://www.dailymail.co.uk/sport/football/article-1165564/Union-pay-players-wages-Darlington-Stockport-Chester-Bournemouth-12-clubs-face-administration.html Thank god for that , I was worried about how the little darlings would keep the wolf from the door . ;-) Well, for the likes of the first year pros and the lads who've only had a couple of games in the first team this season, I'm sure it could be a real problem for them. And some of the older guys are showing a lead But, as for some of the overpaid numpty senior pros, well yeah think we're with you on that one it would be darned inconvenient not having the cash for that new bit of bling Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 22 April, 2009 Share Posted 22 April, 2009 Well, for the likes of the first year pros and the lads who've only had a couple of games in the first team this season, I'm sure it could be a real problem for them. And some of the older guys are showing a lead But, as for some of the overpaid numpty senior pros, well yeah think we're with you on that one it would be darned inconvenient not having the cash for that new bit of bling phil, how many over paid numpties have you got in your side for the forum match lol!??? Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 nick..........I'll not deny the fact that we're in dire straits, but it beginning to get bl**dy tedious, with poster after poster coming on and stating that for a fact. Time enough for you and the other luvies to shout 'we told you so'...but at least wait until it's a fact, and not a something you keep saying to cause a reaction.............. Ginge I dont want you to think Im saying I told you so, but on the other hand you dont think I didnt get fed up with people saying it would be great to go into admin to get rid of Lowe. It was always going to be scary and I only report the bits I hear. I use this site to get as much as i can from other people who may get some snippet.If i can add my little bits i will, but at no stage have I ever said i am close to RL or any other protagonist in this terrible saga. i just have met aquantences of these people through my business and get the odd little bit, add to that other friends connected at the club Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 phil, how many over paid numpties have you got in your side for the forum match lol!???All of them. They are playing in red and white while my boysh are playing in the very stylish flint kit Link to comment Share on other sites More sharing options...
um pahars Posted 22 April, 2009 Share Posted 22 April, 2009 Ginge I dont want you to think Im saying I told you so, but on the other hand you dont think I didnt get fed up with people saying it would be great to go into admin to get rid of Lowe. We're talking about 3 or 4 people who were saying administration would be great just so Lowe wuld get the boot, why don't you PM them with your concerns??? Link to comment Share on other sites More sharing options...
dubai_phil Posted 22 April, 2009 Share Posted 22 April, 2009 All of them. They are playing in red and white while my boysh are playing in the very stylish flint kit I resemble that comment. Let's face it, I'm up against somebody trying to do an impression of one of our Dutch Coaches. We all know what THAT will mean on the day..... Meanwhile my final thought on this critical issue - we better bloody NOT fold next week, at least hang on until AFTER our game! Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 We're talking about 3 or 4 people who were saying administration would be great just so Lowe wuld get the boot, why don't you PM them with your concerns???Why ? this is a forum and I was conversing with Ginge Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 I resemble that comment. Let's face it, I'm up against somebody trying to do an impression of one of our Dutch Coaches. We all know what THAT will mean on the day..... Meanwhile my final thought on this critical issue - we better bloody NOT fold next week, at least hang on until AFTER our game!My wife is calling me Cloughie and cant do his voice in a post. As for the folding thing I had thought the same, and I paid by cheque not credit card!! Looks like it will be coats as goalposts in the car park Link to comment Share on other sites More sharing options...
um pahars Posted 22 April, 2009 Share Posted 22 April, 2009 Why ? this is a forum and I was conversing with Ginge Just wondering why you're getting so fed up about the ramblings of 3 or 4 posters (and having to incessantly repeat it all the time). What next??? Roll out that poll again???? Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 (edited) Just wondering why you're getting so fed up about the ramblings of 3 or 4 posters (and having to incessantly repeat it all the time). What next??? Roll out that poll again????oooooooooohhhhhhh you're such a bit#h Edited 22 April, 2009 by OldNick Link to comment Share on other sites More sharing options...
um pahars Posted 22 April, 2009 Share Posted 22 April, 2009 oooooooooohhhhhhh you're such a bit#h But seriously, it's really boring to keep hearing you (and a few others) trotting out the line, "well you wanted it", "be careful what you wsh for" and "I thought you said administration was going to be great". I don't really get what "told you so's" are going to achieve, not least when the target audience is only 3 or 4 strong!!!! Link to comment Share on other sites More sharing options...
Gingeletiss Posted 22 April, 2009 Share Posted 22 April, 2009 Why ? this is a forum and I was conversing with Ginge As maybe, but Ums is right about that number. You however, are an enigma, hence the fact I find myself responding to you so often. You seem to always come out in defense of anyone posting in favor of Stewpert. Add to that, is the fact, that you have been involved in attacks on several notable Saints fans...MC/LM/MO/LC/PT....to name but a few. Then when the weight of truth/fact, starts to win the day, you then seem to have a change of mind, and make like you were in the right camp from day one. This is nickh...............the enigma. Link to comment Share on other sites More sharing options...
OldNick Posted 22 April, 2009 Share Posted 22 April, 2009 But seriously, it's really boring to keep hearing you (and a few others) trotting out the line, "well you wanted it", "be careful what you wsh for" and "I thought you said administration was going to be great". I don't really get what "told you so's" are going to achieve, not least when the target audience is only 3 or 4 strong!!!! But it is not only 3-4 , we have we have had a lot telling us how much better it was going to be. How we have a new beginning etc etc. Again Im not saying i told you so, because at present it isnt a case of that is it.Administration has been debated for months and from lots of posters the debate was it would be a dangerous scenario, fans would not listen but carried on in the excited belief that as soon as we did it would be hunky dory. Link to comment Share on other sites More sharing options...
aintforever Posted 22 April, 2009 Share Posted 22 April, 2009 Surely the club could flog the farm, Staplewood, academy etc instead of folding? Link to comment Share on other sites More sharing options...
um pahars Posted 22 April, 2009 Share Posted 22 April, 2009 But it is not only 3-4 , we have we have had a lot telling us how much better it was going to be. How we have a new beginning etc etc. Again Im not saying i told you so, because at present it isnt a case of that is it.Administration has been debated for months and from lots of posters the debate was it would be a dangerous scenario, fans would not listen but carried on in the excited belief that as soon as we did it would be hunky dory. I'll meet you halfway on 6 (and that probably includes 2 on a wind up). And as with that poll, there's a world of difference between saying "fck it, we'll have to face it sooner or later, so let's get this sht over and done with and start again with a clean slate" and saying "I can't wait for administration, I think it will be brilliant and I would put up with anything just to get Lowe out!!!!". As I say, told you so's aimed at 3,4,5 or even 6 people serves no prupose whatsoever. Link to comment Share on other sites More sharing options...
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