Bakovnetski Posted 15 May, 2009 Share Posted 15 May, 2009 (edited) http://www.guardian.co.uk/football/2009/may/15/southampton-takeover-consortium-matthew-le-tissier Hurry up Matt, FFS! End of the day or Fry will talk to MJ's lot. Edited 15 May, 2009 by Bakovnetski Link to comment Share on other sites More sharing options...
derry Posted 15 May, 2009 Share Posted 15 May, 2009 Better get there quick or there'll be a pile of bodies to break your fall. Not me mate, I'm not jumping, I just want to collect the wallets for the bucket collection.:cool: Link to comment Share on other sites More sharing options...
saintjay77 Posted 15 May, 2009 Share Posted 15 May, 2009 Sorry...better start posting and not just reading. You know I am in process of convincing my other half to let me paint the saints kit on her for my avetar. I havent actually asked her yet but im planning to lol Link to comment Share on other sites More sharing options...
mattyd Posted 15 May, 2009 Share Posted 15 May, 2009 SLH will sell the assetts. I think the club and SMS to one bidder, Jacksons farm to another and the training ground? SLH's debts will not pass to SFC as in law it is not theirs to have to pay. Instead the proceeds of the assett sale will pay a dividen in the pound to preferential creditors and Begbis Traynors wedge. The ground is a secured creditor and they could call in the assett (SMS) and insist on selling it for themselves but this is very unlikely. Aviva have already indicated that a deal will be negotiated. I would not be surprised if this is around the value of the land which is all they would get for it if they sold to other developers. Link to comment Share on other sites More sharing options...
landford.saint Posted 15 May, 2009 Share Posted 15 May, 2009 http://www.guardian.co.uk/football/2009/may/15/southampton-takeover-consortium-matthew-le-tissier Hurry up Matt, FFS! Rehashed ECHO (How bad is that?) Link to comment Share on other sites More sharing options...
Gingeletiss Posted 15 May, 2009 Share Posted 15 May, 2009 I'll go to the Itchen Bridge if nowt happens. Are Sunday's tickets transferable??? Link to comment Share on other sites More sharing options...
Bakovnetski Posted 15 May, 2009 Share Posted 15 May, 2009 Rehashed ECHO (How bad is that?) Missed that from earlier....sorry Landford Link to comment Share on other sites More sharing options...
Pancake Posted 15 May, 2009 Share Posted 15 May, 2009 Missed that from earlier....sorry Landford If you missed it, it was lucky you caught the Echo echo then. Link to comment Share on other sites More sharing options...
darren1 Posted 15 May, 2009 Share Posted 15 May, 2009 Now I may have this wrong, but IMO the stadium being sold on it's own may not be an issue. MF has a responsibility to the creditors and would have tried to sell SLH as a going concern. This would have mean the company would have the debts carried over with it and would still need to be paid. This would have been his 1st choice to serve the creditors. This has not happened though so now he is selling the assets. As the mortgage company, AVIA "Technically" own the stadium now (think of it as a reposession) but they have no use for it. So now SLH will be wound up and the club (Which technically owed Barclays) will be sold to pay the overdraft while AVIVA would want the stadium sold to recover some of their debt. Therefore there are 2 separate negotiations ongoing. This does not mean they are negotiating with 2 parties, but the 2 separate sub companies are being sold as separate assets. As SLH officially owed the money, the sales would come without debt but MF now has to negotiate with a potential buyer(s) as well as Barclays AND AVIVA which may drag things out. He will however want to get as much money for the creditors as possible by selling to one or 2 parties Link to comment Share on other sites More sharing options...
landford.saint Posted 15 May, 2009 Share Posted 15 May, 2009 Missed that from earlier....sorry Landford Go stand in the corner :-) Link to comment Share on other sites More sharing options...
LestWeForget Posted 15 May, 2009 Share Posted 15 May, 2009 Go to stand in the corner :-) But the corners of the stand are closed aren't they? Link to comment Share on other sites More sharing options...
aintforever Posted 15 May, 2009 Share Posted 15 May, 2009 http://www.guardian.co.uk/football/2009/may/15/southampton-takeover-consortium-matthew-le-tissier Hurry up Matt, FFS! End of the day or Fry will talk to MJ's lot. "Hurry up Matt" - Dell flashback Link to comment Share on other sites More sharing options...
Bakovnetski Posted 15 May, 2009 Share Posted 15 May, 2009 Go stand in the corner :-) I've got the pointy hat too. Link to comment Share on other sites More sharing options...
saintjay77 Posted 15 May, 2009 Share Posted 15 May, 2009 I've got the pointy hat too. Dumbledoor? Link to comment Share on other sites More sharing options...
derry Posted 15 May, 2009 Share Posted 15 May, 2009 Now I may have this wrong, but IMO the stadium being sold on it's own may not be an issue. MF has a responsibility to the creditors and would have tried to sell SLH as a going concern. This would have mean the company would have the debts carried over with it and would still need to be paid. This would have been his 1st choice to serve the creditors. This has not happened though so now he is selling the assets. As the mortgage company, AVIA "Technically" own the stadium now (think of it as a reposession) but they have no use for it. So now SLH will be wound up and the club (Which technically owed Barclays) will be sold to pay the overdraft while AVIVA would want the stadium sold to recover some of their debt. Therefore there are 2 separate negotiations ongoing. This does not mean they are negotiating with 2 parties, but the 2 separate sub companies are being sold as separate assets. As SLH officially owed the money, the sales would come without debt but MF now has to negotiate with a potential buyer(s) as well as Barclays AND AVIVA which may drag things out. He will however want to get as much money for the creditors as possible by selling to one or 2 parties The club owe the debt not SLH, approx £6m. Link to comment Share on other sites More sharing options...
landford.saint Posted 15 May, 2009 Share Posted 15 May, 2009 The club owe the debt not SLH, approx £6m. I have always thought SLH owe the debt.... ?????? Link to comment Share on other sites More sharing options...
Bakovnetski Posted 15 May, 2009 Share Posted 15 May, 2009 Dumbledoor? Potter (Darren). Link to comment Share on other sites More sharing options...
sandwichsaint Posted 15 May, 2009 Share Posted 15 May, 2009 Be very careful what you wish for; I've not seen much other comment on this but surely there is a very real risk (in splitting the 2 companies and then defaulting on the mortgage) that Saints will lose the ground and end up homeless and ground-sharing? Posted on the 01st April and still stands today. Surely there are only four possible scenarios from here: 1 the new owners take over the club and strike a deal with Aviva to take over the mortgage payments (best option) 2 the new owners don't want to (or can't afford to!) take over the mortgage and Aviva sell or rent the stadium to a third party who then lease it to Saints to play in (bad option and loss of all non-football related income streams) OR Aviva sell the stadium as above to a third party who are making a better offer than new-Saints (quite possible). 3 somebody takes on the football club (as per my post above) WITHOUT SMS, and ground shares or starts a new mini ground someplace else (v bad option!) 4 zero option; no Saints! Nothing in today's announcement is 'new'; was I right on April 1st? Am I right now? It seems that without a money-bags takeover Option 2 is now the best that we are going to get. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 15 May, 2009 Share Posted 15 May, 2009 No news yet then ??? No mysterious 2.30 press conference that nobody but the source knows about ?? Link to comment Share on other sites More sharing options...
stevegrant Posted 15 May, 2009 Share Posted 15 May, 2009 As yet, no press conference has been arranged. I'm not sure whether that's good or bad anymore... Link to comment Share on other sites More sharing options...
miserableoldgit Posted 15 May, 2009 Share Posted 15 May, 2009 Dumbledoor? No. Pointy Head. Link to comment Share on other sites More sharing options...
Saint Martini Posted 15 May, 2009 Share Posted 15 May, 2009 Ponty head? Link to comment Share on other sites More sharing options...
david in sweden Posted 15 May, 2009 Share Posted 15 May, 2009 Ajax want Nathan Dyer :-) Perhaps they got a tip from " a Dutchman " in the club...? A win-win situation. At least we get a better deal that cheating Swansea are trying to sqeeze us on, and Dyer would get into a decent side in the Dutch Premiership . Link to comment Share on other sites More sharing options...
derry Posted 15 May, 2009 Share Posted 15 May, 2009 I have always thought SLH owe the debt.... ?????? The operating overdraft is SFC as is the £2m approx assorted debtors, Cedar Press, Catering, Utilities etc etc. Link to comment Share on other sites More sharing options...
Chez Posted 15 May, 2009 Share Posted 15 May, 2009 I cant think of a single club that has been taken over by a moneybags owner whilst being in League 1. that fella at Peterborough has a few bob and has spent it as well. Link to comment Share on other sites More sharing options...
Frank's cousin Posted 15 May, 2009 Share Posted 15 May, 2009 This may be very positive thinking but as an alternative to League one, a demoralising 10 or 25 point penalty, liabilities to contracted players who you might not even want and paying off football related debts which have no value to anyone why not let the club with its liabilities and penalties fold, instead Just buy the stadium at whatever the minimum price is. Then form a new club Southampton 2009, no debts, penalty points or unwanted players, get a place in the blue square (which of course is not the FL)where there will be a vacancy anyway. New club is now set to rise up the leagues in the same way as Exeter has done. Surely what you guys want is the stadium for a team in stripes, do any of you want the present squad minus a few good ones that will be sold off? So just buying the stadium doesn't necessarily mean no team. You could even be called The New Saints-Damn somebody's nicked that already Eyes... maybe not a hiddeous suggestion, but TBH its not just about having a stadium wher the red and white stripes play - its about 124 years that the club we support has been in existence and the history that goes with it - good and bad. It would not be the same team - to me no different from Wimbledon becoming the MK Dons... Link to comment Share on other sites More sharing options...
wireframebox Posted 15 May, 2009 Share Posted 15 May, 2009 that fella at Peterborough has a few bob and has spent it as well. What about Wigan? Link to comment Share on other sites More sharing options...
Master Bates Posted 15 May, 2009 Author Share Posted 15 May, 2009 As yet, no press conference has been arranged. I'm not sure whether that's good or bad anymore... I've called my mate a c**t just incase. Link to comment Share on other sites More sharing options...
OldNick Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend get ready??? Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend at club get ready??? Really ??? Link to comment Share on other sites More sharing options...
dignified_blunderer Posted 15 May, 2009 Share Posted 15 May, 2009 I was born ready Link to comment Share on other sites More sharing options...
Tamesaint Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend get ready??? What does that mean?? Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend at club get ready??? Was that you've just had a message from a friend at SFC and they say "get ready"? Link to comment Share on other sites More sharing options...
Foxstone Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend get ready??? Eddie Kendricks ??!!! Link to comment Share on other sites More sharing options...
Saint Martini Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend get ready??? I'm not sure what you mean. Do you have that just just had a text from a friend that said "get ready"? Link to comment Share on other sites More sharing options...
OldNick Posted 15 May, 2009 Share Posted 15 May, 2009 Really ??? It seems something may about to happen...i dont know if it is good or bad news though! No info more than that.It is not a joke Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 15 May, 2009 Share Posted 15 May, 2009 I have been ready for the past 500 fridays. Link to comment Share on other sites More sharing options...
Foxy Posted 15 May, 2009 Share Posted 15 May, 2009 Was that you've just had a message from a friend at SFC and they say "get ready"? Or just your mate you'll be having a drink with later telling you he's leaving the house so it's coat and wallet time? Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend get ready??? Are you sure you have forgotten some appointment you are both going to ?? Are you dressed ?? Link to comment Share on other sites More sharing options...
slickmick Posted 15 May, 2009 Share Posted 15 May, 2009 It seems something may about to happen...i dont know if it is good or bad news though! No info more than that.It is not a joke Feck sake I've got to go in 15mins so hurry up ffs. Link to comment Share on other sites More sharing options...
OttawaSaint Posted 15 May, 2009 Share Posted 15 May, 2009 what a load of bull... Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 15 May, 2009 Share Posted 15 May, 2009 It seems something may about to happen...i dont know if it is good or bad news though! No info more than that.It is not a joke God i hope so Link to comment Share on other sites More sharing options...
slickmick Posted 15 May, 2009 Share Posted 15 May, 2009 what a load of bull... Nickh does have a good record on inside info. Link to comment Share on other sites More sharing options...
OldNick Posted 15 May, 2009 Share Posted 15 May, 2009 Or just your mate you'll be having a drink with later telling you he's leaving the house so it's coat and wallet time?My own assistant manager taking the pee now!! Look I got a message and it was quick. The whispers have started that it is imminent that is all I can say as I know nothing (whats new eh) Link to comment Share on other sites More sharing options...
Lets B Avenue Posted 15 May, 2009 Share Posted 15 May, 2009 just has a message from a friend get ready??? Get ready to lead?? Link to comment Share on other sites More sharing options...
Ludwig Posted 15 May, 2009 Share Posted 15 May, 2009 This is worse than how badly I'm anticipating the next series of Lost. We need answers/a saviour and quick! Link to comment Share on other sites More sharing options...
mdearlove Posted 15 May, 2009 Share Posted 15 May, 2009 This is worse than how badly I'm anticipating the next series of Lost. We need answers/a saviour and quick! Lets hope this gets sorted before the next series of Lost then!! Only 8 months to go! Link to comment Share on other sites More sharing options...
CB Fry Posted 15 May, 2009 Share Posted 15 May, 2009 Posted on the 01st April and still stands today. Surely there are only four possible scenarios from here: 1 the new owners take over the club and strike a deal with Aviva to take over the mortgage payments (best option) 2 the new owners don't want to (or can't afford to!) take over the mortgage and Aviva sell or rent the stadium to a third party who then lease it to Saints to play in (bad option and loss of all non-football related income streams) OR Aviva sell the stadium as above to a third party who are making a better offer than new-Saints (quite possible). 3 somebody takes on the football club (as per my post above) WITHOUT SMS, and ground shares or starts a new mini ground someplace else (v bad option!) 4 zero option; no Saints! Nothing in today's announcement is 'new'; was I right on April 1st? Am I right now? It seems that without a money-bags takeover Option 2 is now the best that we are going to get. Option 3 and 4 won't happen. If no-one wants to buy the stadium as an ongoing football stadium, no one would want it for anything else. No one is going to buy the stadium to not play football in it and no one is going to knock it down. And by the same token no one is going to buy SFC only and then try and find a new ground or share with Eastleigh etc. Not ever going to happen. Option 2 is perfectly possible but would not be a great situation. Likely buyers here would be the council but yeah, you could get a property speculator wanting the ground but not the club. A bit like when Goldberg bought Palace off Noades but stupidly let Noades keep the stadium. Link to comment Share on other sites More sharing options...
Master Bates Posted 15 May, 2009 Author Share Posted 15 May, 2009 just has a message from a friend get ready??? How did you get my mates number? Link to comment Share on other sites More sharing options...
Ludwig Posted 15 May, 2009 Share Posted 15 May, 2009 Lets hope this gets sorted before the next series of Lost then!! Only 8 months to go! I only watched the finale yesterday and I'm already in pain. I hate how they'd left us. So close, but yet so far. Hopefully something gets resolved today with this! Link to comment Share on other sites More sharing options...
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