OldNick Posted 14 May, 2009 Share Posted 14 May, 2009 Do we know they did not demand we not take on any more loans etc....could the loveable rogue not of lied to save his 'investment'? Desperate men do desperate things and going by his decisions this season I wouldnt put it past him to make yet another that really ****ed off the bank they had enough and pulled the plug. I dont understand your bit there Ron.If you read Wildes bit it tells you Fry of barclays was at all the boardmeetings and he sanctioned all spending. He would have been totally up to speed.Im off to bed read more tomorrow Link to comment Share on other sites More sharing options...
Give it to Ron Posted 14 May, 2009 Share Posted 14 May, 2009 I dont understand your bit there Ron.If you read Wildes bit it tells you Fry of barclays was at all the boardmeetings and he sanctioned all spending. He would have been totally up to speed.Im off to bed read more tomorrow I dont believe a word Wilde says Nick....have a good sleep lets hope for some good news tomorrow- finally when we can put all this to bed. Link to comment Share on other sites More sharing options...
SW11_Saint Posted 14 May, 2009 Share Posted 14 May, 2009 (edited) What about the lookouts? There were plenty of them as well Aah, but a good Captain would never absolve himself of his ultimate responsibility, or try to blame others. Perhaps then they're not so similar after all... = Edited 14 May, 2009 by SW11_Saint Link to comment Share on other sites More sharing options...
doggface Posted 14 May, 2009 Share Posted 14 May, 2009 No offence taken S_S. Take it as you feel is appropriate, but it is passed on in good faith. Has apparently been a longer day than anyone expected. Thanks for the update, I'm sure I speak for all your stripey friends when I say "let's hope it's not a long day tomorrow" Link to comment Share on other sites More sharing options...
Saint Billy Posted 14 May, 2009 Share Posted 14 May, 2009 Well, I am trying to not get too excited by the positive words of ITK'ers tonight. Once bitten and all that. But desperately reading in between the lines, hopefully the cancellation of the fund raising match, and sfc playing hard ball with swansea over Dyer, Rasiak with watford seems to point in the direction of some good news soon. As Trouser's said, this has not just been going on for 3 weeks, its more like 3 years. Lets hope that tomorrow really is the friday that we have all been waiting for. Link to comment Share on other sites More sharing options...
Saint Lindford Posted 14 May, 2009 Share Posted 14 May, 2009 Be patient my little stripey friends. It'll happen tomorrow.... ..... or at least that's what I'm hearing. Things have changed since our chat then??? Link to comment Share on other sites More sharing options...
benjii Posted 14 May, 2009 Share Posted 14 May, 2009 To Mark Fry? 6 weeks at 25K a day is about a million. Do you see where I'm going with this... http://www.saintsweb.co.uk/forum/showthread.php?t=12962 Please do stop peddling this £25k-a-day nonsense. Link to comment Share on other sites More sharing options...
hypochondriac Posted 14 May, 2009 Share Posted 14 May, 2009 Please do stop peddling this £25k-a-day nonsense. Why is it nonsense? Link to comment Share on other sites More sharing options...
benjii Posted 14 May, 2009 Share Posted 14 May, 2009 They weren't bought because they were no better than those clubs already have! Unlike us, maybe they have a policy of not bloating their squads with 'more of the same' :smt102 Wotte said we turned down offers for Surman, Lallana and Dyer. Link to comment Share on other sites More sharing options...
benjii Posted 14 May, 2009 Share Posted 14 May, 2009 Why is it nonsense? It is far too high. Link to comment Share on other sites More sharing options...
hypochondriac Posted 14 May, 2009 Share Posted 14 May, 2009 It is far too high. This appeared today on my desk at work which I thought may be of interest "Begbies Traynor is a national firm. The rates charged are set nationally but vary to suit local market conditions. The rates applying to the Preston office are: Partner 1 Charge out rate per £395 Partner 2 £350 Director £325 Senior Manager £295 Manager £250 Assistant Manager £195 Senior Administratot £160 Administrator £130 Junior Administrator £100 Cashier £100 Secretarial £100 " ... and I bet it is cheaper oop North in Preston than down here. Quite an expensive game this administration lark!!! These are per hour and is cheaper up North than here. Add on tax and it really isn't far away from 25K a day at all. Unless you dispute this? Link to comment Share on other sites More sharing options...
hypochondriac Posted 14 May, 2009 Share Posted 14 May, 2009 In fact that adds up to 2300 per hour. Multiply that by ten (may eve be more hours worked) and that's 23K. Link to comment Share on other sites More sharing options...
benjii Posted 14 May, 2009 Share Posted 14 May, 2009 These are per hour and is cheaper up North than here. Add on tax and it really isn't far away from 25K a day at all. Unless you dispute this? In fact that adds up to 2300 per hour. Multiply that by ten (may eve be more hours worked) and that's 23K. FFS. They don't have a team of ten people spending all day, every day on it. I expect a daily rate would be more like £2k - £3k. Published headline rates are negotiable and deals on remuneration can be done with the creditors. Do you seriously think they're charging £125k per week? Commercial suicide and utterly ridiculous. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 14 May, 2009 Share Posted 14 May, 2009 Wotte said we turned down offers for Surman, Lallana and Dyer. He also said the team were fired up and raring to go before every match Link to comment Share on other sites More sharing options...
benjii Posted 14 May, 2009 Share Posted 14 May, 2009 He also said the team were fired up and raring to go before every match Lovely stuff. Link to comment Share on other sites More sharing options...
hypochondriac Posted 14 May, 2009 Share Posted 14 May, 2009 FFS. They don't have a team of ten people spending all day, every day on it. I expect a daily rate would be more like £2k - £3k. Published headline rates are negotiable and deals on remuneration can be done with the creditors. Do you seriously think they're charging £125k per week? Commercial suicide and utterly ridiculous. They will charge what they can get away with. If they can get the new owners to pay it then they will. I seriously doubt it is as low as 2-3k. Link to comment Share on other sites More sharing options...
St_Tel49 Posted 14 May, 2009 Share Posted 14 May, 2009 I would honestly doubt that Mark Jackson is smarter than anyone would think. As for his backers, well who knows. It's a great pity that some classic LLS posts can't be trawled back from the past. These would prove beyond reasonable doubt that MJ is as smart as he seems. I make no comment for or against Jackson who I do not know except via posts as LLS. Certainly his spelling left a lot to be desired but there is perfectly valid research that has shown the incidence of dyslexia to be much higher in successful businessmen than in the general population. By this I mean to say - do not denigrate him purely on his fairly creative approach to the English language but rather on the logic or otherwise of what he does. I remain to be convinced either way. Link to comment Share on other sites More sharing options...
benjii Posted 14 May, 2009 Share Posted 14 May, 2009 FFS. They don't have a team of ten people spending all day, every day on it. I expect a daily rate would be more like £2k - £3k. Published headline rates are negotiable and deals on remuneration can be done with the creditors. Do you seriously think they're charging £125k per week? Commercial suicide and utterly ridiculous. Actually, I take that back. I expect it's higher but more like £5k than £25k. Link to comment Share on other sites More sharing options...
hypochondriac Posted 14 May, 2009 Share Posted 14 May, 2009 But meh think what you like. I believe you're wrong. Link to comment Share on other sites More sharing options...
dockland Dave Posted 14 May, 2009 Share Posted 14 May, 2009 5K a day sounds about right. I doubt if there are any more than 4 people working on Saints, we aren't a particularily large business. Link to comment Share on other sites More sharing options...
Weston Saint Posted 14 May, 2009 Share Posted 14 May, 2009 Very much like Solicitors and I was involved in negotiating costs in my working life. Firstly the Preston rates quoted are the provincial rates and Southampton/Southend likely to be the same. I would doubt Fry will bill 7 hours a day working on Saints. He will have other clients. Secondly a lot of the preparation work will be carried out by a junior billing a much lower hourly rate. Thirdly the earlier list of fees may be correct BUT they will not all be working at the same time. They will also be billing other clients. As for the daily cost, it does not work like that. If Fry is in negotiation all day then it might be a costly day but other days he will not be working on Saints account. Unless you understand how it all works I suggest you refrain from speculation. Most of it is wide of the mark. Ask Clapham Saint who is in the business. Link to comment Share on other sites More sharing options...
hamster Posted 14 May, 2009 Share Posted 14 May, 2009 Pah, Lowe luvvie, end of. A total disaster if he and Jackson are anywhere near SFC. Yeah. Much better we just cancel the milk and forget that professional football was ever played in this fine city. Or we could just get behind a few blokes that apparently have a lot more faith in the club than some of the supporters. This time the grass might just happen to be greener on the other side, at least please give the man a chance. Link to comment Share on other sites More sharing options...
hamster Posted 14 May, 2009 Share Posted 14 May, 2009 ....Sun Tzu's the Art of War.... I'm sure that book also has a prominent position in Fry's briefcase which is why it takes so long Having just checked it out, I feel quite enlightend, One of those lightbulb moments. And yes phil, I can see how he might be fighting this war without having to actually enter into one single battle, very clever indeed. Is that from Chapter 1? I must ask how the theories apply if all sides have read it? Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 15 May, 2009 Share Posted 15 May, 2009 I would doubt Fry will bill 7 hours a day working on Saints. He will have other clients. Secondly a lot of the preparation work will be carried out by a junior billing a much lower hourly rate. Thirdly the earlier list of fees may be correct BUT they will not all be working at the same time. They will also be billing other clients. As for the daily cost, it does not work like that. If Fry is in negotiation all day then it might be a costly day but other days he will not be working on Saints account. Am I right in thinking they then calculate an average spend per hour over the period of admin ? Link to comment Share on other sites More sharing options...
Mole Posted 15 May, 2009 Share Posted 15 May, 2009 draganov is saintdavid. No he's not. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 15 May, 2009 Share Posted 15 May, 2009 Aah, but a good Captain would never absolve himself of his ultimate responsibility, or try to blame others. Perhaps then they're not so similar after all... = You can just imagine Lowe tying the screaming heroine to the railway tracks. Link to comment Share on other sites More sharing options...
StInky Posted 15 May, 2009 Share Posted 15 May, 2009 I regularly receive admistrator and liquidator reports on clients that have gone bust. These quote actual hours spent and costs racked up by the administrators/liquidators. Comparing, as far as possible, like for like I calculate that £5k per working day would be more than enough to compensate Mark fry and his team. Link to comment Share on other sites More sharing options...
hypochondriac Posted 15 May, 2009 Share Posted 15 May, 2009 I regularly receive admistrator and liquidator reports on clients that have gone bust. These quote actual hours spent and costs racked up by the administrators/liquidators. Comparing, as far as possible, like for like I calculate that £5k per working day would be more than enough to compensate Mark fry and his team. Cheers. I have been told differently though. I really hope you are correct and I/my source are totally wrong. Worth letting people know in any case. Link to comment Share on other sites More sharing options...
SW11_Saint Posted 15 May, 2009 Share Posted 15 May, 2009 In fact that adds up to 2300 per hour. Multiply that by ten (may eve be more hours worked) and that's 23K. For a professional services firm that seems reasonable (I work for one who also deal in Administration and we'd be way higher than that). They are a business, not a charity. Now please move on... Link to comment Share on other sites More sharing options...
OldNick Posted 15 May, 2009 Share Posted 15 May, 2009 Bournemouth were charged in the region of 500k. As the administrator still is in charge of their CVA he is still racking up the charges. I can tell you about a trader i know who went into admoinistration.All his stock was put into auction,to do this the administrator only has to pick upthe phone and arrange it. The items were then entered in for sale and were subject to the auctioneers charges of 15% + vat +ins etc of the hammer price and the adminsitrator was to take 15% as well.It is not just hourly rates as far as im aware.Again Clapham could tell us more Link to comment Share on other sites More sharing options...
trousers Posted 15 May, 2009 Share Posted 15 May, 2009 Does an Administrator's company get paid after they've completed the job or do they draw down payments as they go along? Link to comment Share on other sites More sharing options...
StInky Posted 15 May, 2009 Share Posted 15 May, 2009 Does an Administrator's company get paid after they've completed the job or do they draw down payments as they go along? Normally the latter - it depends on what has been agreed with the creditors. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now