CHAPEL END CHARLIE Posted 29 April, 2009 Posted 29 April, 2009 Post your wild speculation or educated guess as to the nature of Mr Fry's mysterious 'if all else fails' plan here . http://www.dailyecho.co.uk/sport/saints/news/4327563.Fry_draws_up_contingency_plans/
Fitzhugh Fella Posted 29 April, 2009 Posted 29 April, 2009 So according to Fry no one has made an offer yet? Hmmmm!
alpine_saint Posted 29 April, 2009 Posted 29 April, 2009 Reading between the lines, this doesnt sound good. It sounds like he's been having his time wasted.
Stirchleysaint Posted 29 April, 2009 Posted 29 April, 2009 Reading between the lines, this doesnt sound good. It sounds like he's been having his time wasted. Or downplaying expectations about the financial clout of the consortium that does that over. I'm not expecting any spendthrift activity from a new owner and fully expect what playing assets we do have will be sold in order to restructure the squad - three or four old League One sweats to blend with the kids.
NickG Posted 29 April, 2009 Posted 29 April, 2009 Reading between the lines, this doesnt sound good. It sounds like he's been having his time wasted. "remains optimistic" Fry.
JustMike Posted 29 April, 2009 Posted 29 April, 2009 Reading between the lines, this doesnt sound good. It sounds like he's been having his time wasted. No, it sounds like he is working on a plan B, just in case. Something that us saints fans arent used to.
moonraker Posted 29 April, 2009 Posted 29 April, 2009 Professionally cautious, to often times fans are promised the world only to get a kick in **lls.
Plumstead_Saint Posted 29 April, 2009 Posted 29 April, 2009 It reads to me like Mr Fry is a pretty decent poker player.
Stoozer Posted 29 April, 2009 Posted 29 April, 2009 Anyone worth their salt will always have a plan B. Look what happens when they don't...
John B Posted 29 April, 2009 Posted 29 April, 2009 No, it sounds like he is working on a plan B, just in case. Something that us saints fans arent used to. I probably agree with Alpine if things were going really well why mention a contingency plan.
batterseasaint Posted 29 April, 2009 Posted 29 April, 2009 My guess about a contingency is to try and sell off the assets piecemeal and then find a way of the football club continuing to run as a separate entity. For example, the council buying St. Mary's to lease back to the club, and perhaps selling Jacksons Farm to property developers from Guernsey.
obelisk Posted 29 April, 2009 Posted 29 April, 2009 I probably agree with Alpine if things were going really well why mention a contingency plan.Surely every good businessman would have a contingency plan in place because sh1t happens does it not?
saintbletch Posted 29 April, 2009 Posted 29 April, 2009 No, it sounds like he is working on a plan B, just in case. Something that us saints fans arent used to. Hmm. I read it that as an administrator he might be working on plans for asset disposal. i.e. if he doesn't receive an offer to buy Saints, as an administrator he needs a plan b to do his job of ensuring that the creditors are looked after as best as possible.
SO16_Saint Posted 29 April, 2009 Posted 29 April, 2009 My guess about a contingency is to try and sell off the assets piecemeal and then find a way of the football club continuing to run as a separate entity. For example, the council buying St. Mary's to lease back to the club, and perhaps selling Jacksons Farm to property developers from Guernsey. Sounds plausable to me.
Chez Posted 29 April, 2009 Posted 29 April, 2009 Plan A - sell SLH and all its parts as one lot Plan B - liquidate the assets, selling individual parts to separate buyers
John B Posted 29 April, 2009 Posted 29 April, 2009 Surely every good businessman would have a contingency plan in place because sh1t happens does it not? I dont disagree with having a contingency plan as of course it is a very good idea. But by mentioning it there is then the impression that a buy out may not happen thats all.
WealdSaint Posted 29 April, 2009 Posted 29 April, 2009 A very carefully worded statement. The more people who are interested the less you give away. Thats my positive take on things. Hope to goodness I'm right!
SO16_Saint Posted 29 April, 2009 Posted 29 April, 2009 Should he not be too busy sorting the deals out for Completion prior to the end of the season, to be worried about contigencies??
Saint Fan CaM Posted 29 April, 2009 Posted 29 April, 2009 Mmm, its clear we're getting pretty close to the wire and there is a big cat'n'mouse game going on with the club and whoever is lined up as potential buyer(s). The Guernsey property developers would not have had their names released if they were in the running to buy the club (NDA's?), but it would serve a purpose to release their names IF you wanted to show intent to get on with the job in a dispassionate manner to sell assets. A wake-up call to say "its the 11th hour, let's get a move on". We're nearing the end...its frankly a very scary time, because we cannot be certain that any of the potential investors will actually make an offer. From where we are now I would say there is only a 50-50 chance at best that this will happen before meltdown. The only positive at this point in time is that Fry has not said Sundays game is off unless more money can be found to pay the players etc.
John B Posted 29 April, 2009 Posted 29 April, 2009 Should he not be too busy sorting the deals out for Completion prior to the end of the season, to be worried about contigencies?? Yes that is my point too
bridge too far Posted 29 April, 2009 Posted 29 April, 2009 Should he not be too busy sorting the deals out for Completion prior to the end of the season, to be worried about contigencies?? Any worthwhile business person would always have a fall-back position.
Puddings and Monkeys Posted 29 April, 2009 Posted 29 April, 2009 Any worthwhile business person would always have a fall-back position. Yes...and a lot of what he is doing is posturing to lower the expectations of creditors and other interested parties; he'll then be a hero when he does have a deal to offer them. Funny how the briefing he gave to people who work at SMS last week was seen as hugely positive by most people on here. The process has moved on now and we are closer to the point of receiving offers (more people in due diligence) yet people on here are starting to poo their pants. I wouldn't like to be in the trenches with some of you lot. Now is the time for holding your nerve and keeping calm, not spunking off like Alpine and co. Mark Fry is doing a very good job - remember he's acting for the creditors not us and he would not be making these public statements if he didn't think that he could get a deal done.
Puddings and Monkeys Posted 29 April, 2009 Posted 29 April, 2009 Also didn't he say at the weekend that he was hopeful of a deal before the Forest game????....I can't see anywhere where he's retracted that can you?
alpine_saint Posted 29 April, 2009 Posted 29 April, 2009 Yes...and a lot of what he is doing is posturing to lower the expectations of creditors and other interested parties; he'll then be a hero when he does have a deal to offer them. Funny how the briefing he gave to people who work at SMS last week was seen as hugely positive by most people on here. The process has moved on now and we are closer to the point of receiving offers (more people in due diligence) yet people on here are starting to poo their pants. I wouldn't like to be in the trenches with some of you lot. Now is the time for holding your nerve and keeping calm, not spunking off like Alpine and co. Mark Fry is doing a very good job - remember he's acting for the creditors not us and he would not be making these public statements if he didn't think that he could get a deal done. Who said he isnt doing a good job ? (yes, I did at first, but have been impressed since I saw his press conference following the -10pt announcement) I expressed the concern that people have been wasting his time. COMPLETELY different.
Puddings and Monkeys Posted 29 April, 2009 Posted 29 April, 2009 Who said he isnt doing a good job ? (yes, I did at first... Ha ha ha...well worth using my last post of the day on this...........classic.....8-)
Bongo badger Posted 29 April, 2009 Posted 29 April, 2009 Why would you want SLH if all you wanted was SFC. I would want Fry to get rid of the fringe to leave me with just the club. Fry, and rightly so, has many plans all running alongside each other, i would have thought. Plan B is more like plan G. Choice is what any punter would want, and as every punter is unique, then Fry would have to have many packages availible !.
krissyboy31 Posted 29 April, 2009 Posted 29 April, 2009 Why would you want SLH if all you wanted was SFC. I would want Fry to get rid of the fringe to leave me with just the club. Fry, and rightly so, has many plans all running alongside each other, i would have thought. Plan B is more like plan G. Choice is what any punter would want, and as every punter is unique, then Fry would have to have many packages availible !. Presumably, if you could afford it, you would want the Stadium, the Academy and Staplewood? Well apart from Jackson's Farm, that is just about all of SLH.
mdearlove Posted 29 April, 2009 Posted 29 April, 2009 He and his team are just doing their job - they have a responsibility to get the best deal for the creditors - nobody else. Half the comments here make it sound like it is just Mark Fry working at the club - its a team of people working together to secure as much money as possible for Barclays, Aviva, the tax man etc. Its not just him sitting in an office doing everything!
bungle Posted 29 April, 2009 Posted 29 April, 2009 Reading between the lines, this doesnt sound good. It sounds like he's been having his time wasted. If he didn't have a plan B I can guarantee you'd start a thread having a go at him for not having a plan B.
SaintRichmond Posted 29 April, 2009 Posted 29 April, 2009 Post your wild speculation or educated guess as to the nature of Mr Fry's mysterious 'if all else fails' plan here . http://www.dailyecho.co.uk/sport/saints/news/4327563.Fry_draws_up_contingency_plans/ .... " Hello Rupert, you know where everything is don't you ??? "
trousers Posted 29 April, 2009 Posted 29 April, 2009 Devil's Advocate question: Why is Mark Fry so worried about the future of the 'Football Club' per se? If he can't find a buyer then surely, as an administrator working on behalf of the creditors, his job is to wind up the loss making parts of the PLC (e.g. the football club?) and sell off the assets of the other subsidiaries (e.g. the stadium, training ground, Jackson's Farm). Don't get me wrong, I'm happy that he's showing 'emotional' tendancies towards the survival of the club but that's not his job, is it?
SoccerMom Posted 29 April, 2009 Posted 29 April, 2009 Any worthwhile business person would always have a fall-back position. Clearly I'm not getting enough sleep these days - I read this as "Any worthwhile business person would always have a full-back position." Sigh - well, maybe if Rupert had, we wouldn't be in this mess...
egreog Posted 29 April, 2009 Posted 29 April, 2009 Plan B , without a significant investor is going to be pretty grim stuff..........scary really!
krissyboy31 Posted 29 April, 2009 Posted 29 April, 2009 I think it's a contingency to buy more time, if the interested parties are not able to act before the money runs out.
saint simes Posted 29 April, 2009 Posted 29 April, 2009 A caller to Radio Hants last night claimed to have spoken to Mary C, who told him the bank already have Jacksons Farm. Thought that was interesting. Devil's Advocate question: Why is Mark Fry so worried about the future of the 'Football Club' per se? If he can't find a buyer then surely, as an administrator working on behalf of the creditors, his job is to wind up the loss making parts of the PLC (e.g. the football club?) and sell off the assets of the other subsidiaries (e.g. the stadium, training ground, Jackson's Farm). Don't get me wrong, I'm happy that he's showing 'emotional' tendancies towards the survival of the club but that's not his job, is it?
Pancake Posted 29 April, 2009 Posted 29 April, 2009 Surely this is just another chivvy up for one of the 2 main parties to get their bums in gear and pay up. Yesterdays "leak" about the 2 Guernsey boys; todays "shock" news about a contingency plan... what will be tomorrow's gossip, a statement from a high profile ex-player saying how good the club is and how it cant go under?
Window Cleaner Posted 29 April, 2009 Posted 29 April, 2009 A caller to Radio Hants last night claimed to have spoken to Mary C, who told him the bank already have Jacksons Farm. Thought that was interesting. How would she know that then? Amazing the amount of gabbing that seems to go on around SFC and SLH, everyone seems to know everything and yet no-one really knows anything. For Mary Corbett to know that JF has been ceded to Barley's in the recent past would amount to priviledged information being shared with people who don't need to know anything.Unless of course she's involved with one of the bids and thus in apparent breach of the NDA.
saint simes Posted 29 April, 2009 Posted 29 April, 2009 How would she know that then? Amazing the amount of gabbing that seems to go on around SFC and SLH, everyone seems to know everything and yet no-one really knows anything. For Mary Corbett to know that JF has been ceded to Barley's in the recent past would amount to priviledged information being shared with people who don't need to know anything.Unless of course she's involved with one of the bids and thus in apparent breach of the NDA. Well that I wouldn't know! There was a discussion along the lines of "If the club is so short of money why don't they sell the farm" the caller claimed to have asked MC this and the answer was the bank have it. IIRC Agree with you sentiments though.
Window Cleaner Posted 29 April, 2009 Posted 29 April, 2009 Well that I wouldn't know! There was a discussion along the lines of "If the club is so short of money why don't they sell the farm" the caller claimed to have asked MC this and the answer was the bank have it. IIRC Agree with you sentiments though. There should be a law on spouting sh*t on radio chat shows, a sort of wireless ASBO.
DT Posted 29 April, 2009 Posted 29 April, 2009 Flog the stadium and some pots of blue paint off to Pompey.
SaintRichmond Posted 29 April, 2009 Posted 29 April, 2009 No, it sounds like he is working on a plan B, just in case. Something that us saints fans arent used to. If no-one comes in to take us over/buy us up/call it what you will .... there is NO contingency plan ........ we go to the wall Mr Fry just turns the light out as he leaves .....
teamsaint Posted 29 April, 2009 Posted 29 April, 2009 Mark Fry will NOT want to be seen as the man who failed to save SFC. So I reckon the absolute last resort is: SLH gets liquidated. The Stadium and all other assets that can be are sold. The stadium goes to some venture capitalist or SCC at a knock down price. The players are all released. A new club is formed, possibly by the Saints trust, and either takes a 25 point penalty if the league let it start in L1, or more likely gets to start wherever it can in the pyramid- Fry tries to get us in the conference, as there's at least a shred of respectability in that.(and 5/7 years progress up, the ladder saved). The new club gets SMS at at v cheap rent, especially for year 1, and the new club is funded initially by ST sales. Something like that anyway. is that all legal and do-able?
benjii Posted 29 April, 2009 Posted 29 April, 2009 How would she know that then? Amazing the amount of gabbing that seems to go on around SFC and SLH, everyone seems to know everything and yet no-one really knows anything. For Mary Corbett to know that JF has been ceded to Barley's in the recent past would amount to priviledged information being shared with people who don't need to know anything.Unless of course she's involved with one of the bids and thus in apparent breach of the NDA. Well that I wouldn't know! There was a discussion along the lines of "If the club is so short of money why don't they sell the farm" the caller claimed to have asked MC this and the answer was the bank have it. IIRC Agree with you sentiments though. I expect the point she was making was that Barclays have security over the farm, therefore you can't just sell it to anyone you feel like. Barclays would have to consent to its sale.
supaimpy_returns Posted 29 April, 2009 Posted 29 April, 2009 Well if Mark Fry reaches the end of the money, or rather the directors of SFC do then the next step is sell the assets of the PLC, What will be interesting is 1. The Stadium is sold to say the council. 2. One of the bidders buy's SFC 3. Staplewood is sold to the buyer of SFC 4. Jacksons is sold to the property developers 5. SLH is then wound up AS SFC would never enter admin, SFC wouldn't be able to provide the league with the paperwork as it was never in and couldn't therefore leave admin. SFC own the golden share , and SFC existed before the PLC hence the 'reverse takeover'. So the club survives but then leaves the FL with a problem, where does it play? if it accepts there is no paperwork by including SFC in its fixture lists for L1 then how can it apply the points deduction. Mark Fry will do his duty to the creditors of SLH and can only sell what he gets a bid on, if the bidders only want assets not the whole parcel then that could be why todays change of tac.
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