Ken Tone Posted 30 April, 2009 Posted 30 April, 2009 So what facts do we have so far ? 1/ Fry has said we have 3 to 4 serious bidders that have or are having due diligence. As of yet no known offer made. 2/ Fry says he is looking at contingency plans. Blue square premier league confirm an enquiry has been made about Saints joining them if all goes t1ts up (albeit, not from SFC.) I still think option 2 is going to happen. If not, you can bet your life any of these buyers will not come out of Admin with a CVA. I think your "2" has various sub-headings. I suspect Fry's contingency plans will be about how to keep the club going whilst still looking for a buyer over the summer, eg by selling players and cancelling other players' contracts, sacking backroom staff, selling staplewood, selling St Mary's to the council, etc . There's a lot of options before we get to the blue square nightmare scenario. I remain cautiously optimisitic. I thought he'd be at the contingency plan stage before now. The fact that he hasn't started a fire sale implies he (and more importantly the creditors) think there is a good chance of selling the club as a going concern that will be able to survive well enough in L1 to generate enough income to cover the ongoing debts. K.
Whitey Grandad Posted 30 April, 2009 Posted 30 April, 2009 There is always the potential income from season tickets which would normally have been received by now. Wouldn't this have paid the staff over the summer?
derry Posted 30 April, 2009 Posted 30 April, 2009 I think your "2" has various sub-headings. I suspect Fry's contingency plans will be about how to keep the club going whilst still looking for a buyer over the summer, eg by selling players and cancelling other players' contracts, sacking backroom staff, selling staplewood, selling St Mary's to the council, etc . There's a lot of options before we get to the blue square nightmare scenario. I remain cautiously optimisitic. I thought he'd be at the contingency plan stage before now. The fact that he hasn't started a fire sale implies he (and more importantly the creditors) think there is a good chance of selling the club as a going concern that will be able to survive well enough in L1 to generate enough income to cover the ongoing debts. K. They don't need a CVA because the club is not in administration. The creditors are allowing the club to trade and will be paid when whoever buys the club takes over. SFC will not go into administration, it would be wound up and the creditors would get little or nothing as the players would be free agents.
saintsdan Posted 30 April, 2009 Posted 30 April, 2009 This may be a very daft question but... Mark Fry has said that the seriuosly interested parties (is it 2, 3 or 4?) are carrying out due diligence ahead of a potential bid. Given that Rupert Lowe was chairman up until a month ago, would his knowledge of the club's financial position mean that it would be unnecessary for he or a consortium involving him to carry out due diligence? If so it would suggest that it is unlikely any of the parties carrying out due diligence involve Rupert Lowe.
Give it to Ron Posted 30 April, 2009 Posted 30 April, 2009 (edited) This may be a very daft question but... Mark Fry has said that the seriuosly interested parties (is it 2, 3 or 4?) are carrying out due diligence ahead of a potential bid. Given that Rupert Lowe was chairman up until a month ago, would his knowledge of the club's financial position mean that it would be unnecessary for he or a consortium involving him to carry out due diligence? If so it would suggest that it is unlikely any of the parties carrying out due diligence involve Rupert Lowe. If Lowe was on his own no need but he is not rich enough to do this so would be part of a consortium who may wish to all see for themselves what state the clubs is in. If you are investing millions would you trust anyone.....good question though. PS Edit Oh bugger it just dawned on me....why the two just want to pay cash the with out DD! It took a while D'oh Edited 30 April, 2009 by Give it to Ron
derry Posted 30 April, 2009 Posted 30 April, 2009 This may be a very daft question but... Mark Fry has said that the seriuosly interested parties (is it 2, 3 or 4?) are carrying out due diligence ahead of a potential bid. Given that Rupert Lowe was chairman up until a month ago, would his knowledge of the club's financial position mean that it would be unnecessary for he or a consortium involving him to carry out due diligence? If so it would suggest that it is unlikely any of the parties carrying out due diligence involve Rupert Lowe. That is a bloody good point, Tom Scott backed, was yesterday's rumour.
derry Posted 30 April, 2009 Posted 30 April, 2009 I have been told by somebody who half owns a massive company with head offices in London, (my son's future father in law, grandchild coming this week), the household name, who is allegedly buying SLH and his backers. It just doesn't ring true, but what do I know. The person would be ideal but I have big reservations about the money if true. I won't post it unless I am sure, or the information starts to leak. It doesn't look right but it could just be. I hope they hurry up and we can forget contingency planning. We are trying to fix up a meeting with Mark Fry to look at his contingencies and ours.
slickmick Posted 30 April, 2009 Posted 30 April, 2009 This may be a very daft question but... Mark Fry has said that the seriuosly interested parties (is it 2, 3 or 4?) are carrying out due diligence ahead of a potential bid. Given that Rupert Lowe was chairman up until a month ago, would his knowledge of the club's financial position mean that it would be unnecessary for he or a consortium involving him to carry out due diligence? If so it would suggest that it is unlikely any of the parties carrying out due diligence involve Rupert Lowe. Except the Guernsey boys, who are rumoured to be offering cash without carrying out due diligence.
slickmick Posted 30 April, 2009 Posted 30 April, 2009 I have been told by somebody who half owns a massive company with head offices in London, (my son's future father in law, grandchild coming this week), the household name, who is allegedly buying SLH and his backers. It just doesn't ring true, but what do I know. The person would be ideal but I have big reservations about the money if true. I won't post it unless I am sure, or the information starts to leak. It doesn't look right but it could just be. I hope they hurry up and we can forget contingency planning. We are trying to fix up a meeting with Mark Fry to look at his contingencies and ours. How do you mean ?
bridge too far Posted 30 April, 2009 Posted 30 April, 2009 Except the Guernsey boys, who are rumoured to be offering cash without carrying out due diligence. You mean they're taking RL's word for the state of the finances :shock:
slickmick Posted 30 April, 2009 Posted 30 April, 2009 You mean they're taking RL's word for the state of the finances :shock: Someone else has posted that. Not my words, I don't think we will see Lowe again. Derry's hinting at something, sounds like someone in the football industry is the household name. The name Redknapp is ringing alarm bells at the moment.
DT Posted 30 April, 2009 Posted 30 April, 2009 I have been told by somebody who half owns a massive company with head offices in London, (my son's future father in law, grandchild coming this week), the household name, who is allegedly buying SLH and his backers. It just doesn't ring true, but what do I know. The person would be ideal but I have big reservations about the money if true. I won't post it unless I am sure, or the information starts to leak. It doesn't look right but it could just be. I hope they hurry up and we can forget contingency planning. We are trying to fix up a meeting with Mark Fry to look at his contingencies and ours. Oh come on, do tell. What's the harm? Do you have reservations about the money because you fear they don't have enough?
SaintDonkey Posted 30 April, 2009 Posted 30 April, 2009 Someone else has posted that. Not my words, I don't think we will see Lowe again. Derry's hinting at something, sounds like someone in the football industry is the household name. The name Redknapp is ringing alarm bells at the moment. I remain convinced that it's Sven Goran Erikkson backed by his football agent mate. I have aboslutely no evidence for this, but it takes me to my happy place when I imagine it.
trousers Posted 30 April, 2009 Posted 30 April, 2009 I have been told by somebody who half owns a massive company with head offices in London, (my son's future father in law, grandchild coming this week), the household name, who is allegedly buying SLH and his backers Has he/her/they been mentioned on this thread yet? cheers What industry sector are they in? Retail? Finance? cheers
trousers Posted 30 April, 2009 Posted 30 April, 2009 1 + 1 = 3 Tuesday at 4 o clock a black limo with it's windows blacked out enters the stadium as everyone was requested to stay out the ground, Stewards reporting for the Hants cup was told not to arrive early. Anyway on the otherside of Southampton a manager of this company was told keep your staff on there toes as he may Pop in any of the stores he owns. The next day the manager finds out he never visited a store as it was not that kind of visit. So this mystery man is Mr Phillip Green. Surely not??? So, Sky Sports News are camping outside SMS and get some photographs/footage of two unknown businessmen from the Channel Islands but miss the big black car containing a household name? Now that's what I call clumsy journalism
trousers Posted 30 April, 2009 Posted 30 April, 2009 Please stop posting in oversized fonts, it is against forum rules. Isn't that discriminating against partially sighted people?
SKATE_HATE Posted 30 April, 2009 Posted 30 April, 2009 I remain convinced that it's Sven Goran Erikkson backed by his football agent mate. I have aboslutely no evidence for this, but it takes me to my happy place when I imagine it. Tord Grip did say they were looking for a long term project in england. Not sure though
Saint Lindford Posted 30 April, 2009 Posted 30 April, 2009 I have been told by somebody who half owns a massive company with head offices in London, (my son's future father in law, grandchild coming this week), the household name, who is allegedly buying SLH and his backers. It just doesn't ring true, but what do I know. The person would be ideal but I have big reservations about the money if true. I won't post it unless I am sure, or the information starts to leak. It doesn't look right but it could just be. I hope they hurry up and we can forget contingency planning. We are trying to fix up a meeting with Mark Fry to look at his contingencies and ours. Interesting, heard yesterday of a London Consortium who are being advised by a person who has very close links to MLT. Money ready to go and have some interesting ideas.
Window Cleaner Posted 30 April, 2009 Posted 30 April, 2009 So, Sky Sports News are camping outside SMS and get some photographs/footage of two unknown businessmen from the Channel Islands but miss the big black car containing a household name? Now that's what I call clumsy journalism apparently Sky were averted by the candidates themselves. Latest theory is that it was just a couple of likely lads looking for a bit of free publicity.Publicity seeking TKs if you like.
Pancake Posted 30 April, 2009 Posted 30 April, 2009 Isn't that discriminating against partially sighted people? I.E. - View>>Text Size>> Larger FireFox - View>>Zoom>>Zoom In HTH.;-)
krissyboy31 Posted 30 April, 2009 Posted 30 April, 2009 I.E. - View>>Text Size>> Larger FireFox - View>>Zoom>>Zoom In HTH.;-) Sorry! Couldn't see that, can you make it bigger for me?
eelpie Posted 30 April, 2009 Posted 30 April, 2009 Someone else has posted that. Not my words, I don't think we will see Lowe again. Derry's hinting at something, sounds like someone in the football industry is the household name. The name Redknapp is ringing alarm bells at the moment. Souness more likely. However if it were 'arry, we would seriously need to revise our opinion of him. He would be able to attract the money. He has the contacts and knowledge. He is English (which is a big plus for me) and would surely be in it for the long term. Despite 'history' he has never said anything derogatory agin Saints as a club (I can be corrected), only his issues with rosychops, as far as I know. We are a better prospect than Bournemouth, his first 'spiritual home, too. He might be thinking of a post-managerial career as a club owner which he can build up, since no-one lasts long at the helm at Spurs. Just a thought. Given alternatives between extinction, or even Lowe, or Quinton @ co, or Redknapp, I'd choose the latter anyday. As we have all said, 'Beggars etc.
Pancake Posted 30 April, 2009 Posted 30 April, 2009 Sorry! Couldn't see that, can you make it bigger for me? Is that what Mrs Krissyboy31 says? ;-)
trousers Posted 30 April, 2009 Posted 30 April, 2009 I.E. - View>>Text Size>> Larger FireFox - View>>Zoom>>Zoom In HTH.;-) A fair cop
Saint Lindford Posted 30 April, 2009 Posted 30 April, 2009 Souness more likely. However if it were 'arry, we would seriously need to revise our opinion of him. He would be able to attract the money. He has the contacts and knowledge. He is English (which is a big plus for me) and would surely be in it for the long term. Despite 'history' he has never said anything derogatory agin Saints as a club (I can be corrected), only his issues with rosychops, as far as I know. We are a better prospect than Bournemouth, his first 'spiritual home, too. He might be thinking of a post-managerial career as a club owner which he can build up, since no-one lasts long at the helm at Spurs. Just a thought. Given alternatives between extinction, or even Lowe, or Quinton @ co, or Redknapp, I'd choose the latter anyday. As we have all said, 'Beggars etc. Redknapp not involved. Souness not involved with the London Consortium
OldNick Posted 30 April, 2009 Posted 30 April, 2009 Tord Grip did say they were looking for a long term project in england. Not sure though I heard about the interest from his group about a year ago
SaintRobbie Posted 30 April, 2009 Posted 30 April, 2009 apparently Sky were averted by the candidates themselves. Latest theory is that it was just a couple of likely lads looking for a bit of free publicity.Publicity seeking TKs if you like. One of the 35 interest bids and not one of the 4 'significant' bids.
thorpie the sinner Posted 30 April, 2009 Posted 30 April, 2009 Could we possibly change the title now to something like 'takeover countdown, Runners and riders'??
northam soul Posted 30 April, 2009 Posted 30 April, 2009 There is one thing you are all forgetting. It is Friday tomorrow.
Saint Billy Posted 30 April, 2009 Posted 30 April, 2009 There is one thing you are all forgetting. It is Friday tomorrow. and................
dubai_phil Posted 30 April, 2009 Posted 30 April, 2009 Fridays are takeover days... Ah ha! Was waiting for this. As we all know, Fridays are not necessarily actually a Friday. it all depends on where you are in the world. For example in order to make a bid on the last day of the week, somebody in the Middle East would need to do that on a Thursday, although, in some parts of ****stan that could actually also be a Sunday. :smt119 For full details please refer to takeover threads version 1 through 2,942
lancelot link Posted 30 April, 2009 Posted 30 April, 2009 Who's had any luck looking into The Farmers thread last night?? ------- I've made a couple of phone calls following the info I received this morning to try and put some names to the people/companies involved. As far as I can make out there is a Southampton based property agency called Pinnacle who have sponsored local charity golf events featuring Le Tiss. Reading between the lines, and this maybe pure coincidence, but this same company also look after a few London property owners (big hitters) who have been spending money like its going out of fashion lately and who also have strong links with another administrator that they've bought at least 2 properties/concerns from. I've been trying to confirm these details with a contact of MLT's but apparently Matt's playing golf in the West Country. But I am reliably informed that this proposal does have Matts implicit support. As for this 'consortium', as far as I can tell there are only actually only 2 or 3 clients they look after!!! Sounds like an ideal set up for Saints fans to get behind. Anybody know any more??
Johnny Shearer Posted 30 April, 2009 Posted 30 April, 2009 I think this forum may just break tomorrow. I called it!
derry Posted 30 April, 2009 Posted 30 April, 2009 (edited) Oh come on, do tell. What's the harm? Do you have reservations about the money because you fear they don't have enough? There is plenty of money but I don't like where it's coming from. The person would be ideal, it's the source of the money that concerns me a bit. That's why it just doesn't quite add up. It's a perfectly legitimate source but it would have to be a success. The thing that really worries me is being right, and if it becomes more than conjecture causing damage. Edited 30 April, 2009 by derry
Saint Billy Posted 30 April, 2009 Posted 30 April, 2009 I think this forum may just break tomorrow. I called it! Why? what do you know grasshopper!
Saint Billy Posted 30 April, 2009 Posted 30 April, 2009 There is plenty of money but I don't like where it's coming from. The person would be ideal, it's the source of the money that concerns me a bit. That's why it just doesn't quite add up. It's a perfectly legitimate source but it would have to be a success. Well, unless its a bunch of terrorists do we care at this moment in time!
Colinjb Posted 30 April, 2009 Posted 30 April, 2009 Who's had any luck looking into The Farmers thread last night?? ------- I've made a couple of phone calls following the info I received this morning to try and put some names to the people/companies involved. As far as I can make out there is a Southampton based property agency called Pinnacle who have sponsored local charity golf events featuring Le Tiss. Reading between the lines, and this maybe pure coincidence, but this same company also look after a few London property owners (big hitters) who have been spending money like its going out of fashion lately and who also have strong links with another administrator that they've bought at least 2 properties/concerns from. I've been trying to confirm these details with a contact of MLT's but apparently Matt's playing golf in the West Country. But I am reliably informed that this proposal does have Matts implicit support. As for this 'consortium', as far as I can tell there are only actually only 2 or 3 clients they look after!!! Sounds like an ideal set up for Saints fans to get behind. Anybody know any more?? It does sound ideal, almost too ideal. The cynic within me just cannot dare to dream until it's all stated by Mark Fry.
miserableoldgit Posted 30 April, 2009 Posted 30 April, 2009 Well, unless its a bunch of terrorists do we care at this moment in time! I would need to know what sort of terrorists before making a final decision!
thefuriousb Posted 30 April, 2009 Posted 30 April, 2009 There is plenty of money but I don't like where it's coming from. The person would be ideal, it's the source of the money that concerns me a bit. That's why it just doesn't quite add up. It's a perfectly legitimate source but it would have to be a success. "Beggars" and "choosers", and all that? The sourse of funds surely cannot be that bad or not legit, otherwise it wouldn't get passed the foot in the door?
John D Posted 30 April, 2009 Posted 30 April, 2009 My head hurts. Me too. Don't now which thread to read, don't know who to believe or what to believe, people are even questioning what day of the week is Friday now Where's St David and LLS when you need them to give us the truth
derry Posted 30 April, 2009 Posted 30 April, 2009 Well, unless its a bunch of terrorists do we care at this moment in time! It's a financial institution and all that entails, it looks like borrowed money and a share of the equity would be the sort of speculative deal this organisation would be involved in. I can't think of a better person, it's the financial source that would worry me if true.
Gaucho Posted 30 April, 2009 Posted 30 April, 2009 I would need to know what sort of terrorists before making a final decision! One mans terrorist is another mans freedom fighter!
Saint Billy Posted 30 April, 2009 Posted 30 April, 2009 It's a financial institution and all that entails, it looks like borrowed money and a share of the equity would be the sort of speculative deal this organisation would be involved in. I can't think of a better person, it's the financial source that would worry me if true. Mmmmmmmmmm see what you mean. But, if it is the only way the club can stay alive then so be it.
miserableoldgit Posted 30 April, 2009 Posted 30 April, 2009 One mans terrorist is another mans freedom fighter! Exactly!!
krissyboy31 Posted 30 April, 2009 Posted 30 April, 2009 For some reason the name of Ronnie Biggs is going through my head! :confused:
derry Posted 30 April, 2009 Posted 30 April, 2009 "Beggars" and "choosers", and all that? The sourse of funds surely cannot be that bad or not legit, otherwise it wouldn't get passed the foot in the door? It's a public company, perfectly legit but it's the fact that a lot of the money would be borrowed. If it's that or bust then it's a no brainer.
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