kpturner Posted 12 May, 2009 Share Posted 12 May, 2009 He of course should give the opportunity for others to bid but he may be running the risk that thye lose interest and withdraw. If they are genuinely interested in purchasing this club then I doubt they would lose interest and withdraw. If they did that then you would have to seriously doubt their integrity and motives in the first place. I would hope that anyone entering into this process is doing so with their eyes wide open, not expecting the Administrator to bite at the first offer to come his way - especially if it is a speculative "low punt" as it probably is. The only worry about protracted negotiations is the fact that the cash may run out, which is why I would hope that people still back the match being arranged on Sunday and the SaintsAid efforts. My fear is that many people think that such fund raisers are no longer necessary. Link to comment Share on other sites More sharing options...
John B Posted 12 May, 2009 Share Posted 12 May, 2009 I've heard he's been mucking around playing games to get the most money. I hope it doesn't backfire. Well that is his job to get the most money for the creditors it is not to save the football club Link to comment Share on other sites More sharing options...
Wes Tender Posted 12 May, 2009 Share Posted 12 May, 2009 In a similar vein, when we were looking for new owners at the time of the reverse takeover a dozen years or so ago, the old board acted with undue haste then, when apparently there were another two or three other groups who had expressed an interest in buying us. As a result, we got Lowe and Cowan, when had the old board been a bit more patient, we might have gained owners better equipped and financially stronger than the small retirement home company. Of course, some have claimed that the offer from Secure Retirement was "incentivised" but it ought to be a lesson to us all that it will be in our best interests this time around to look at all the serious offers that might arise. Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 Well that is his job to get the most money for the creditors it is not to save the football club Of course but he has to get a balance between geting the most money and not putting off existing bidders leaving us with nothing. As I said I hope he gets it right. As fans we should be hoping that he gets the lowest price possible because it means more money to spend on the team. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 ....but how do you know this to be true? Today's echo has him reporting that he is about to finalise discussions with Pinnacle today and hopes to align himself with a serious bidder within 48 hours. Radio Solent has (haven't heard it) an interview with Fry stating that there are no bids yet. This could mean just that, or it could be "no acceptable bids yet". So are you speculating that he has an offer already and is waiting for others, or do you know this to be true? Could it be that if it is true, that it would not be in anyones interest to accept it even if "Rome is burning" because it is so derisory. Perhaps the only offer is from Marc Jackson. Do you really want him to accept that and damn the rest?no I want what is best for SFC. If you have confidence that if the first people withdraw and somebody else will step in then fine.I have concerns that if the second bidders do not actually follow up we could be left with nothing.There is a tipping point and I hope that Fry (the administrator) can judge it correctly. I tried to find the link to Richard Fry (barclays) for you to read. It was in the echo last week under Wildes bit about his explanation of barclays involvement. I think also RL mentioned his involvement some weeks ago as well.It is not on the webpage now so i cant link to it for you to read. You may then see where i was coming from regarding him Link to comment Share on other sites More sharing options...
Rogerfryisalegend Posted 12 May, 2009 Share Posted 12 May, 2009 I'm going to keep quiet. Link to comment Share on other sites More sharing options...
notnowcato Posted 12 May, 2009 Share Posted 12 May, 2009 I've heard he's been mucking around playing games to get the most money. I hope it doesn't backfire. Mucking around trying to get the best deal, blimey that's revolutionary. Link to comment Share on other sites More sharing options...
John B Posted 12 May, 2009 Share Posted 12 May, 2009 no I want what is best for SFC. That is unlikely to happen the administrator is trying to get the best deal for the creditors Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 If they are genuinely interested in purchasing this club then I doubt they would lose interest and withdraw. If they did that then you would have to seriously doubt their integrity and motives in the first place. I would hope that anyone entering into this process is doing so with their eyes wide open, not expecting the Administrator to bite at the first offer to come his way - especially if it is a speculative "low punt" as it probably is. The only worry about protracted negotiations is the fact that the cash may run out, which is why I would hope that people still back the match being arranged on Sunday and the SaintsAid efforts. My fear is that many people think that such fund raisers are no longer necessary.I think that is a very good assessment but many people cant be a#### to hang around. Ithink you are right it could well be a 'low punt' but it is a punt and we dont seem to have many queueing up to make middle range punts.It just signals to me that the people coming in are not big punters. Link to comment Share on other sites More sharing options...
The Majestic Channon Posted 12 May, 2009 Share Posted 12 May, 2009 Nobody on here knows whats going on behind closed doors at SMS I think these people who expected a quick fix need to take their heads out of the sand. pointless thread. Link to comment Share on other sites More sharing options...
notnowcato Posted 12 May, 2009 Share Posted 12 May, 2009 As fans we should be hoping that he gets the lowest price possible because it means more money to spend on the team. How on God's earth can you qualify that?? Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 How on God's earth can you qualify that?? Cos he would get the lowest cost of buying the club and appeasing creditors etc, so more we hope is left to invest. Which is a fair point and best option. Or just somebody obscenely wealthy that wants a challenge. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 That is unlikely to happen the administrator is trying to get the best deal for the creditorsYou think i dont know that? I have been telling people that when they were calling for us to go into it, but it doesnt mean I want it Link to comment Share on other sites More sharing options...
O_RLY Posted 12 May, 2009 Share Posted 12 May, 2009 This is all getting very silly. I cannot believe that any other club has had hero worship, followed by silly criticism, of an administrator - a man who is paid to do a professional job, which is secure money for creditors. I frankly find all this very embarrassing, but it sums up Saints fans no end. Exactly. Link to comment Share on other sites More sharing options...
iansums Posted 12 May, 2009 Share Posted 12 May, 2009 It's a tough call but could this be the winner of 'Ridiculous thread of the month award'? Link to comment Share on other sites More sharing options...
The Majestic Channon Posted 12 May, 2009 Share Posted 12 May, 2009 It's a tough call but could this be the winner of 'Ridiculous thread of the month award'? It's got to make the top 1,000 i reckon. Link to comment Share on other sites More sharing options...
niceandfriendly Posted 12 May, 2009 Share Posted 12 May, 2009 It's a tough call but could this be the winner of 'Ridiculous thread of the month award'? There's been a few on here recently. I wish to take this moment to be the first one to shout... FRY OUT Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 Nick stop posting and stick to PMs. There's nothing wrong with nick having an opinion. God people on here are morons sometimes. Link to comment Share on other sites More sharing options...
John B Posted 12 May, 2009 Share Posted 12 May, 2009 You think i dont know that? I have been telling people that when they were calling for us to go into it, but it doesnt mean I want it Are you OK today as you dont seem to be as realistic as you usually are? We are in Administration which I agre is not good and therefore it is up to the administrator to do what he feels is best for the creditors with out a significant number of healthy bids it is not easy so I think we should let him get on with his job and hope for the best There is nothing we can do Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 Nick stop posting and stick to PMs. There's nothing wrong with nick having an opinion. God people on here are morons sometimes.Hypo, I know but they are entitled to their opinions. I find it funny about the ridiculous thread of the month thing though, and then look down at the list below at some of the threads.Lol Link to comment Share on other sites More sharing options...
notnowcato Posted 12 May, 2009 Share Posted 12 May, 2009 Cos he would get the lowest cost of buying the club and appeasing creditors etc, so more we hope is left to invest. Which is a fair point and best option. You don't just bid for the business that is in administration. You have to plan expenditure for the short and long term, therefore proving that you can sustain the business as an ongoing venture. Whilst also proving that you have the financial backing for this to take place. There will be brinkmanship on both sides. Even when we were solvent (or should that be surviving) we very rarely spent more on transfers in a season than we sold. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 Are you OK today as you dont seem to be as realistic as you usually are? We are in Administration which I agre is not good and therefore it is up to the administrator to do what he feels is best for the creditors with out a significant number of healthy bids it is not easy so I think we should let him get on with his job and hope for the best There is nothing we can doIm fine thanks. Perhaps the call I got earlier today got the alarm bells ringing. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 Im fine thanks. Perhaps the call I got earlier today got the alarm bells ringing. ?? The call being ?? :confused: Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 You don't just bid for the business that is in administration. You have to plan expenditure for the short and long term, therefore proving that you can sustain the business as an ongoing venture. Whilst also proving that you have the financial backing for this to take place. There will be brinkmanship on both sides. Even when we were solvent (or should that be surviving) we very rarely spent more on transfers in a season than we sold. I do appreciate that, was just saying a blanket statement really, and feel Hypo probably was also but in essence i suppose the less a consortium/idividual pays for the club out of X amount then the more they have out of X amount to sustain and invest in the business. I know we never used to spend more than we sold but arguably we are going to need to if we are to climb back to our former glories. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 ?? The call being ?? :confused: Perhaps it was to do with the OP and people losing patience as the goalposts moving day to day or I may be having a nervous breakdown , you decide i suspect that B will be suspected by the majority on this thread. Link to comment Share on other sites More sharing options...
notnowcato Posted 12 May, 2009 Share Posted 12 May, 2009 I know we never used to spend more than we sold but arguably we are going to need to if we are to climb back to our former glories. Please God we do find someone willing to give our club the backing it needs. Also, if it's not too much to ask, that they also have the first clue on how to run a football club. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 Please God we do find someone willing to give our club the backing it needs. Also, if it's not too much to ask, that they also have the first clue on how to run a football club. but as many have pointed out to me on this thread that we have no choice, the administrator is getting as much as he can for the creditors and doesnt worry what about the club. It is as though i didnt realise it but it shouldnt stop me voicing my genuine concerns Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 Perhaps it was to do with the OP and people losing patience as the goalposts moving day to day or I may be having a nervous breakdown , you decide i suspect that B will be suspected by the majority on this thread. Christ... Sit yourself down, loosen the tie and have a glass of water Seriously though, i am surprised if A is true and would question the integrity of the party if it was. Not calling you a liar, just my opinion. However surely they are being moved for a reason, MF is after all a professional and so he must know what he is doing. Link to comment Share on other sites More sharing options...
Barry the Badger Posted 12 May, 2009 Share Posted 12 May, 2009 I think that is a very good assessment but many people cant be a#### to hang around. I just can't see that a person/consortium who have gone through due dilligence and gone to the effort of raising finance, working out business plans etc would then walk away because they "can't be arsed to hang around". These are business people (I hope), they know that Fry has to entertain all interested parties and it's their job to make sure they convince him to sell to them. They wont be expecting any favours from Fry. Link to comment Share on other sites More sharing options...
ITKSaint Posted 12 May, 2009 Share Posted 12 May, 2009 Mr Fry, I demand Satisfaction! I challenge you as a Gentleman Sir, to a duel to the death! :smt065 Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 Christ... Sit yourself down, loosen the tie and have a glass of water Seriously though, i am surprised if A is true and would question the integrity of the party if it was. Not calling you a liar, just my opinion. However surely they are being moved for a reason, MF is after all a professional and so he must know what he is doing. i dont wear ties and dont like tap water! I accept that Fry is a smart man. Of course he would not have sold many football clubs and as we know to our cost football seems to have different business rules than most he would have come up against in the past.It is hard to quantify a worth in this case alos buyers motives.Clapham Saint is very interesting to follow in his posts as he is thinking i would suggest as Fry does and so that gives a good insight to that train of thought. SFC is a massive risk for a small middle sized investor, as i can see it is hard to make a business plan based on fickle football fans and footballers performance. They I would have thought been only interested if there is a good upside , as there is definitely a big downside. What is the expression ' how do you make a small fortune from owning a football club?' you start with a large fortune Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 I just can't see that a person/consortium who have gone through due dilligence and gone to the effort of raising finance, working out business plans etc would then walk away because they "can't be arsed to hang around". These are business people (I hope), they know that Fry has to entertain all interested parties and it's their job to make sure they convince him to sell to them. They wont be expecting any favours from Fry.fair comment but also some of these people have ego's and want an answer quickly.They may only threaten to pull out or might even reduce their offer as they know if they are second best their offer will only come to fruition if the preferred one fails. These people are better poker payers than i am and so who am I to pre judge their thinking.I just post my fears and guage an opinion from the little bits I am hearing form friends and aquaintences. Link to comment Share on other sites More sharing options...
Deppo Posted 12 May, 2009 Share Posted 12 May, 2009 You can't deny a man a fiddle... Link to comment Share on other sites More sharing options...
iansums Posted 12 May, 2009 Share Posted 12 May, 2009 I think many people are getting very emotional about all this, and undertandably so...it's our football club after all. But whether we like it or not it is very much a business deal/decision now. I think very few if any people on here really know what's going on and that's the way it should be. Let's just hope things turn out for the best. Link to comment Share on other sites More sharing options...
Granadino Posted 12 May, 2009 Share Posted 12 May, 2009 This is all getting very silly. I cannot believe that any other club has had hero worship, followed by silly criticism, of an administrator - a man who is paid to do a professional job, which is secure money for creditors. I frankly find all this very embarrassing, but it sums up Saints fans no end. Could not have summed it up better than this - brilliantly put! Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 If they got annoyed with Fry messing them around they could well lower their offer even if they don't pull out. If that happens then there's risk of further points deductions. That's the worry I think. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 Could not have summed it up better than this - brilliantly put! You're easily pleased, a fan of Hinge and Bracket by anychance? Link to comment Share on other sites More sharing options...
JustMike Posted 12 May, 2009 Share Posted 12 May, 2009 To me Fry is losing his way.At first i was very impressed but Iam now getting concerned he is liking his time in the sun and not really getting to grips with selling the club. Every time we seem to get to a stage that he is about to act then another phantom group seem to appear. I do hope he the administrators fees are not running away too much.As fans we should worry that everty day he takes the less the club comes out with to reinvest in our future. Perhaps of course he is trying to get as much as possible to satisfy the creditors and so we come out with a CVA. I do wonder what the bosses of Fry at Barclays who pulled the plug think, if they are going to get an even worse settlement than he had thought and his strange decision/advice may have backfired on them. All for a 100k the man who is a supposed saints fan (Fry at Barclays) may have not only cemented our relegation but also a minus 25 points next season.Well done to you and anybody who gave you the inclination to push to be fair Nick none of us actually know what is going on. Its just a case of be patient a guess. p.s. have you gotten over the shock of losing last thursday yet :-) Link to comment Share on other sites More sharing options...
Gordon Mockles Posted 12 May, 2009 Share Posted 12 May, 2009 To me Fry is losing his way.At first i was very impressed but Iam now getting concerned he is liking his time in the sun and not really getting to grips with selling the club. Every time we seem to get to a stage that he is about to act then another phantom group seem to appear. I do hope he the administrators fees are not running away too much.As fans we should worry that everty day he takes the less the club comes out with to reinvest in our future. Perhaps of course he is trying to get as much as possible to satisfy the creditors and so we come out with a CVA. I do wonder what the bosses of Fry at Barclays who pulled the plug think, if they are going to get an even worse settlement than he had thought and his strange decision/advice may have backfired on them. All for a 100k the man who is a supposed saints fan (Fry at Barclays) may have not only cemented our relegation but also a minus 25 points next season.Well done to you and anybody who gave you the inclination to push Or, he's doing his job and giving feedback when necessary and people should stop second guessing. Maybe you'll have some news by the end of this week and your concerns are fruitless. Lowe and his gang had a very anti Barclays stand point, much like yourself! Sour grapes?! Link to comment Share on other sites More sharing options...
SP Saint Posted 12 May, 2009 Share Posted 12 May, 2009 [quote=nickh;296347 but as many have pointed out to me on this thread that we have no choice, the administrator is getting as much as he can for the creditors and doesnt worry what about the club. It is as though i didnt realise it but it shouldnt stop me voicing my genuine concerns At a wild guess you don't personally know either: a) the Administrator or b) any bidders for the club. This being the case your posts are pure unfounded speculation. You have found fame on the Ugly Inside however: http://www.clubfanzine.com/southampton/v2.forum.posts.php?id_t=111581#9 One Flew Over The Cuckoo's Nest Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 to be fair Nick none of us actually know what is going on. Its just a case of be patient a guess. p.s. have you gotten over the shock of losing last thursday yet :-) You assume. Link to comment Share on other sites More sharing options...
SW11_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) What about the people involved with bids?They have the facts about their own bids, but only Fry & Co. have complete information... Edited 12 May, 2009 by SW11_Saint Link to comment Share on other sites More sharing options...
SW11_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 Nick stop posting and stick to PMs. There's nothing wrong with nick having an opinion. God people on here are morons sometimes. You said it! Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 [/i] You said it! You said Nicks opinion was based on nothing like facts. His opinion was that the one bid we currently have could potentially be put off by Fry delaying/moving the goalposts. This is information and FACTS which you can gain through knowing the people involved. You don't have to know everything or be in Frys team to find something like that out. Link to comment Share on other sites More sharing options...
A Nut Can Cut You Posted 12 May, 2009 Share Posted 12 May, 2009 who is Fry at Barclays? D!ck Fry. Link to comment Share on other sites More sharing options...
Arcadian Posted 12 May, 2009 Share Posted 12 May, 2009 You said Nicks opinion was based on nothing like facts. His opinion was that the one bid we currently have could potentially be put off by Fry delaying/moving the goalposts. This is information and FACTS which you can gain through knowing the people involved. You don't have to know everything or be in Frys team to find something like that out. It does help if you understand how the process works though, as it then makes a mockery of these opinions masquerading as (the dreaded word) 'facts'. Link to comment Share on other sites More sharing options...
the stain Posted 12 May, 2009 Share Posted 12 May, 2009 You can't deny a man a fiddle... Just goes to show the parochial attitude of some on here that they can make jokes about masturbation while the historic city of Rome is destroyed by flames :mad: Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 It does help if you understand how the process works though, as it then makes a mockery of these opinions masquerading as (the dreaded word) 'facts'. Not really. Fry's job is to get as much money for the creditors as possible. He is perfectly within his rights to hold out for money and do everything he can to achieve a maximum return. In doing this there is potentially a situation where he could annoy a bidder who eventually pulls out or lowers their original bid. It's a plausible scenario and one that hopefully will not happen. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 At a wild guess you don't personally know either: a) the Administrator or b) any bidders for the club. This being the case your posts are pure unfounded speculation. You have found fame on the Ugly Inside however: http://www.clubfanzine.com/southampton/v2.forum.posts.php?id_t=111581#9 One Flew Over The Cuckoo's Nest I have never posted on UI and dont intend to thankyou. You again can make your own assertions and speculation. Fry is the only person who knows all the facts. i have made my concerns known as I am concerned that by waiting we may lose the only bid we have on the table at present.he may well be confident of another and he rightly will decide in his own time.That does not stop me from considering if we are left with no bidders the implications of that. Iam not saying Im in the know, I just had heard something that disturbed me and voiced it on here. If i know something is certain I will say so. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 to be fair Nick none of us actually know what is going on. Its just a case of be patient a guess. p.s. have you gotten over the shock of losing last thursday yet :-)Mike I suspect you are right, some will know a fraction more than others and little less than a very few. As for thurs , it was great fun. I havent got over the injustice of the evening Link to comment Share on other sites More sharing options...
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