Legod Third Coming Posted 8 May, 2009 Share Posted 8 May, 2009 If that is true then he should be facing disciplinary proceedings and lose his IP licence. Even if he paid a market price - which I am led to believe he claims to have done? Link to comment Share on other sites More sharing options...
Clapham Saint Posted 8 May, 2009 Share Posted 8 May, 2009 Even if he paid a market price - which I am led to believe he claims to have done? Yes. Clear conflict of interest and lack of independence. Link to comment Share on other sites More sharing options...
up and away Posted 8 May, 2009 Share Posted 8 May, 2009 Originally Posted by up and away Everything I am hearing does not fill me with confidence. I get the feeling the preferred option that comes through the system will start baulking when it comes down to handing over actual money. Then leaving us with option 2 which could easily go the same way, then total reliance upon the only to be used in absolute desperation, the back up option. I just hope the back up option is worth more then melting everything down and selling off at a booter. As for Mark Fry, he would gladly sell it to Mandaric to chop everything up into peices and sell it as souveniers to Pompey supporters, if that gave the best return. Readily accept I'm rather out of my depth and no expert, here. However, my (limited) understanding is that the administrator's role/duty involves attempting to keep the company assets together as a sort of job lot and to find a buyer who can make the company a going concern. A liquidator or asset stripper would just chop up the assets into bits and sell the flagpole to Mr. X and the Ted Bates statue to Mr. Y. Am pretty sure we are still in a phase whereby there's a legal/fiduciary duty on Mark Fry to save SLH "as is" rather than to sell it off in bits, even if the latter would be in the interests of the creditors. I think this is the difference between administration and bankruptcy/liquidation. Only once we go into liquidation would they start selling off the bits, which only seems held off at present by the offers on Fry's table. Those go out the window and it's out with the gas axe. That does not mean that the administrator would not sell the business to a pikey with cash in one hand a a lit gas axe in the other. He will not be asking them their 5 point plan to return to the Premier. Because it is a football club you are correct, there is a big difference due to the nature of the business and it's restrictions by planning. Link to comment Share on other sites More sharing options...
alpine_saint Posted 8 May, 2009 Share Posted 8 May, 2009 If he's been taken in by a photocopier salesman, St. Cuckoo-David and Barry the Briefcase, I am deeply worried about his competence.. Link to comment Share on other sites More sharing options...
StInky Posted 8 May, 2009 Share Posted 8 May, 2009 If he's been taken in by a photocopier salesman, St. Cuckoo-David and Barry the Briefcase, I am deeply worried about his competence.. He'll be looking at the colour of their money . . . not their jumpers! Link to comment Share on other sites More sharing options...
alpine_saint Posted 8 May, 2009 Share Posted 8 May, 2009 He'll be looking at the colour of their money . . . not their jumpers! Yeah, and the "last minute hitch" has something to do with funds, I'll bet... Link to comment Share on other sites More sharing options...
Tom28 Posted 8 May, 2009 Share Posted 8 May, 2009 If these consortia don't have a lot of money then maybe Fry isn't as great as first thought. If the club fold then he has to take some of the blame. I have heard he is on a high wedge as well and wants he new buyers to stump up his wage (allegedly). I hope these guys are OK and are accepted by the creditors but if not we could be in deep trouble. CONGRATULATIONS!!!! On a forum that, on a daily basis, serves up all manner of pointless and erroneous threads, you have managed to post the most factually incorrect and idiotic post ever to grace this website. Link to comment Share on other sites More sharing options...
hypochondriac Posted 8 May, 2009 Author Share Posted 8 May, 2009 OK I admit, MB told me that info. Sorry mate but I'm taking a lot of flak for this. Link to comment Share on other sites More sharing options...
StInky Posted 8 May, 2009 Share Posted 8 May, 2009 CONGRATULATIONS!!!! On a forum that, on a daily basis, serves up all manner of pointless and erroneous threads, you have managed to post the most factually incorrect and idiotic post ever to grace this website. That's what makes it fun though. Remember this one? "I think we'll continue to improve and learn and finish around 16th this season." Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 8 May, 2009 Share Posted 8 May, 2009 That's what makes it fun though. Remember this one? "I think we'll continue to improve and learn and finish around 16th this season." Ouch! Link to comment Share on other sites More sharing options...
AwaySaint1 Posted 8 May, 2009 Share Posted 8 May, 2009 Does Fry = Wilde ? Another false dawn... Link to comment Share on other sites More sharing options...
Clapham Saint Posted 8 May, 2009 Share Posted 8 May, 2009 Does Fry = Wilde ? Another false dawn... I'm not sure what everybody was expecting Fry to do. Pump his own money in? He's here to do a job not to walk on water. FWIW I gather that there is a board/investor meeting this morning. I have absolutely no idea what stage of the process they are at but fingers crossed. Link to comment Share on other sites More sharing options...
Tom28 Posted 8 May, 2009 Share Posted 8 May, 2009 That's what makes it fun though. Remember this one? "I think we'll continue to improve and learn and finish around 16th this season." Well played sir. Link to comment Share on other sites More sharing options...
StInky Posted 8 May, 2009 Share Posted 8 May, 2009 Sorry. Couldn't resist it! Actually, I might have written the same thing back in November. The football was entertaining, well worth watching and showing lots of promise, but unfulfilled as it turned out. Link to comment Share on other sites More sharing options...
John B Posted 8 May, 2009 Share Posted 8 May, 2009 If these consortia don't have a lot of money then maybe Fry isn't as great as first thought. If the club fold then he has to take some of the blame. I have heard he is on a high wedge as well and wants he new buyers to stump up his wage (allegedly). I hope these guys are OK and are accepted by the creditors but if not we could be in deep trouble. If nobody wants to Buy SFC for an acceptable amount of money it is hardly Mark Fry's fault Link to comment Share on other sites More sharing options...
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