Chez Posted 18 May, 2009 Share Posted 18 May, 2009 I'm sure Barclays Bank and Norwich Union would rather have nothing than 35p on the pound instead of 45p on the pound ... NOT! That is not how banks work. I think in Leeds' admin. the creditors ended up with about 7p on the pound, and considered themselves lucky to get that. If Fry knows his business and there is really someone out there willing to buy, a deal will get done, because the banks want some money out of this: it's just a matter of how much they can get. actually Bates paid just £1.8m for Leeds or 14p in the pound to the creditors who amounted to £13m. He waivered the £17m of debt his own company was owed by LUFC (only if his offer won) otherwise it would have worked out at just 7p in the pound. Teh administrator cost £885,000 for that deal. Yikes! Link to comment Share on other sites More sharing options...
Killers Knee Posted 18 May, 2009 Share Posted 18 May, 2009 More proper work and increased levels of masturbation, probably. cost a fortune in keyboards Link to comment Share on other sites More sharing options...
trousers Posted 18 May, 2009 Share Posted 18 May, 2009 Not at the same time, obviously. Ah, ok. Not as impressed as I was in that case. Link to comment Share on other sites More sharing options...
Bobbyboy Posted 18 May, 2009 Share Posted 18 May, 2009 Dont worry Ponty - we'll all be supporting Solent United - you heard it here first - we have teh stadium' date=' Pompey the league position and solvency (well at least for the time being) - its obvious is it not, all we need is those clever Photoshoppers to show the new Blue and red striped kit ;-)[/quote'] Ugh. Anyone remember "Thames Valley Royals"? Link to comment Share on other sites More sharing options...
Mole Posted 18 May, 2009 Share Posted 18 May, 2009 It's no laughing matter. Boj may have to sell his house. Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 18 May, 2009 Share Posted 18 May, 2009 On BBC News at lunchtime. No hope! theme. Link to comment Share on other sites More sharing options...
ladysaint Posted 18 May, 2009 Share Posted 18 May, 2009 Has there been anything on SSN yet. Link to comment Share on other sites More sharing options...
egreog Posted 18 May, 2009 Share Posted 18 May, 2009 To be honest, I'm not surprised at this outcome.......with the credit crunch, the most creditworthy individuals are being charged exorbitant rates for borrowing which probably would help scupper any buyer unless it was straight cash, even more unlikely..............................be interesting to see what happens to the stadium............would imagine it will be a derelict monument to all that CAN go wrong in football........interesting times!! Link to comment Share on other sites More sharing options...
Crab Lungs Posted 18 May, 2009 Share Posted 18 May, 2009 To be honest, I'm not surprised at this outcome.......with the credit crunch, the most creditworthy individuals are being charged exorbitant rates for borrowing which probably would help scupper any buyer unless it was straight cash, even more unlikely..............................be interesting to see what happens to the stadium............would imagine it will be a derelict monument to all that CAN go wrong in football........interesting times!! Well that wasn't a very nice read lol Link to comment Share on other sites More sharing options...
bungle Posted 18 May, 2009 Share Posted 18 May, 2009 I wonder if alpine is still delighted we are in admin? Link to comment Share on other sites More sharing options...
monosaint Posted 18 May, 2009 Share Posted 18 May, 2009 Maybe Fry is saying this to encourage other potential bidders waiting in the wings to come forward. Who knows!! Link to comment Share on other sites More sharing options...
dubai_phil Posted 18 May, 2009 Share Posted 18 May, 2009 Oh what the hell To provide SOME light relief, go back 10 days, and one thing I think I can post to cheer up the mood slightly is the following. A written bid was submitted to Fry on 8th May. It has neither been accepted nor withdrawn. It was stated in a formal press statement by Stuart Green (not MJ). Now that does NOT mean we have to believe it, BUT, before we reach for the razors to slit the wrists there is still something out there. There is still a SMALL glimmer of hope. Clearly Fry did not like it, but there clearly appears to have been one on the table with proof of funds, so now if it comes down to Pinnacle not being able to complete what Fry has asked for it means he will now have three choices 1) To keep looking for a new bid 2) to try and get Pinnacle to close out/try and get a better deal than he has sitting there 3) start looking for other ways to get us out of the mess When you have only 3 hopes - No Hope, Bob Hope & Envelope, you may just get a reply if you haven't missed the last post Link to comment Share on other sites More sharing options...
iansums Posted 18 May, 2009 Share Posted 18 May, 2009 I wonder if alpine is still delighted we are in admin? Oh please don't start him off again. I'm beginning to think he may actually look like his avatar, that might explain a lot. Link to comment Share on other sites More sharing options...
Junior Mullet Posted 18 May, 2009 Share Posted 18 May, 2009 I suspect it's just that Fry hasn't got to the last chapter of his copy of 'Administration for Dummies'. My heart did sink when I read our administators worked from a back-street office in Southend. I agree - it would have been sooooo much better paying two or three times Begbies hourly rates for one of the bigger boys, who in turn would of course been able to make soooooo much more out of the puny bids being tabled. Get real. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 18 May, 2009 Share Posted 18 May, 2009 I have`nt heard the radio or TV today so can someone please clear this up? Has Fry said that the sale of SFC is unlikely, or the sale to the Pinnacle mob is unlikely? They are two different things. Link to comment Share on other sites More sharing options...
alpine_saint Posted 18 May, 2009 Share Posted 18 May, 2009 (edited) I wonder if alpine is still delighted we are in admin? Yep. Also very delighted that I have the intelligence to recognise that administration from the perspective of ultimate fate of the club is irrelevant anyway, unlike some others. All administration did was flush out any parties interested in owning SFC. And, it has proven, there are none. Now we know. At least there was hope for a while. Lowe and Co would have lead to insolvency anyway eventually. Edited 18 May, 2009 by alpine_saint Link to comment Share on other sites More sharing options...
a1ex2001 Posted 18 May, 2009 Share Posted 18 May, 2009 more smoke and mirrors and more tired news agencys rehashing known stories to suit the headline, stop panicing people it will happen when it happens and pages of speculation will not speed it up. Link to comment Share on other sites More sharing options...
Third Division South Days Posted 18 May, 2009 Share Posted 18 May, 2009 I have`nt heard the radio or TV today so can someone please clear this up? Has Fry said that the sale of SFC is unlikely, or the sale to the Pinnacle mob is unlikely? They are two different things. I understood it as the sale of SFC was unlikely. Link to comment Share on other sites More sharing options...
Red and White Army Posted 18 May, 2009 Share Posted 18 May, 2009 Yep. Also very delighted that I have the intelligence to recognise that administration from the perspective of ultimate fate of the club is irrelevant anyway, unlike some others. Time you were banned, arsehole. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 18 May, 2009 Share Posted 18 May, 2009 Surely something just does not add up ..... With respect to Bournemouth, I could understand it when they had so many knockbaxks and false dawns .... ai one stage it was perfectly possinle that they would fold completely OK, Saints are in Administration now ...... and if Fry is to be believed, he cannot sell us ..... I say why not ??? Compared to Bournemouth, we do have more things going for us. For a start, a circa 33000 seat Stadium, that would ( as has been demonstrated) be filled with a little success on the field ........ plus we are (at the moment) a Division higher ..... plenty of potential etc etc ......... .... So, IMHO, IF Fry cannot sell us .... there must be something very wrong somewhere Link to comment Share on other sites More sharing options...
The9 Posted 18 May, 2009 Share Posted 18 May, 2009 Yep. Also very delighted that I have the intelligence to recognise that administration from the perspective of ultimate fate of the club is irrelevant anyway, unlike some others. All administration did was flush out any parties interested in owning SFC. And, it has proven, there are none. Now we know. At least there was hope for a while. Lowe and Co would have lead to insolvency anyway eventually. Congratulations, you must be very pleased. Link to comment Share on other sites More sharing options...
hugh Posted 18 May, 2009 Share Posted 18 May, 2009 Surely something just does not add up ......... So, IMHO, IF Fry cannot sell us .... there must be something very wrong somewhere It's called a recession....... Link to comment Share on other sites More sharing options...
saintjay77 Posted 18 May, 2009 Share Posted 18 May, 2009 Yep. Also very delighted that I have the intelligence to recognise that administration from the perspective of ultimate fate of the club is irrelevant anyway, unlike some others. All administration did was flush out any parties interested in owning SFC. And, it has proven, there are none. Now we know. At least there was hope for a while. Lowe and Co would have lead to insolvency anyway eventually. Well if its absolutly a choice of nothing at all or having Lowe back I think I would actually have the red faced tw at back. A fairly expencive journy to find out he is all we have to offer though wasnt it? Link to comment Share on other sites More sharing options...
saintjay77 Posted 18 May, 2009 Share Posted 18 May, 2009 I have`nt heard the radio or TV today so can someone please clear this up? Has Fry said that the sale of SFC is unlikely, or the sale to the Pinnacle mob is unlikely? They are two different things. think he was talking about the Pinnicle bid but the beeb put a little slant on it that makes most Saints fans need to change there pants. Link to comment Share on other sites More sharing options...
solentstars Posted 18 May, 2009 Share Posted 18 May, 2009 Well if its absolutly a choice of nothing at all or having Lowe back I think I would actually have the red faced tw at back. A fairly expencive journy to find out he is all we have to offer though wasnt it?watch it those idiots will be calling you a luvvie:D for posting that. Link to comment Share on other sites More sharing options...
saintjay77 Posted 18 May, 2009 Share Posted 18 May, 2009 watch it those idiots will be calling you a luvvie:D for posting that. lol wont be the 1st time. There hasnt been much that I would have supported Lowe for but there also hasnt been much that I thought could do any better at the time so I suppose I got that tag a few times. water under the bridge now though. Link to comment Share on other sites More sharing options...
NSS Posted 18 May, 2009 Share Posted 18 May, 2009 I don't wish to be the bearer of more bad news, but I've drove past St Mary's about 20 minutes ago and there were a large number of fire engines parked outside the stadium. I'll resist the temptation to make any jokes. Link to comment Share on other sites More sharing options...
Gemmel Posted 18 May, 2009 Share Posted 18 May, 2009 I don't wish to be the bearer of more bad news, but I've drove past St Mary's about 20 minutes ago and there were a large number of fire engines parked outside the stadium. I'll resist the temptation to make any jokes. Insurance job Link to comment Share on other sites More sharing options...
Soggy Bottom Posted 18 May, 2009 Share Posted 18 May, 2009 I don't wish to be the bearer of more bad news, but I've drove past St Mary's about 20 minutes ago and there were a large number of fire engines parked outside the stadium. I'll resist the temptation to make any jokes. Fire sale Link to comment Share on other sites More sharing options...
Guided Missile Posted 18 May, 2009 Share Posted 18 May, 2009 I don't wish to be the bearer of more bad news, but I've drove past St Mary's about 20 minutes ago and there were a large number of fire engines parked outside the stadium. I'll resist the temptation to make any jokes. Since your reassurance regarding the Pinnacle bid, Neil, you're credibility is close to zero, at the moment... Link to comment Share on other sites More sharing options...
SW11_Saint Posted 18 May, 2009 Share Posted 18 May, 2009 http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/8055407.stm I had a quick look but couldn't see the link anywhere else, not much more than was on the radio really Christ... this is either brinkmanship of the most ballsy nature, or we really are f*cked. It is now getting really worrying (despite Lynam's assurance). If we just disappear, it's beyond catastrophic, but surely it can't happen? Can it? Surely SOMEONE somewhere can pick us up... Link to comment Share on other sites More sharing options...
rallyboy Posted 18 May, 2009 Share Posted 18 May, 2009 Dealing with figures and expectations Mr Fry should be adept at being VERY precise with anything that he says. He has stated quite clearly that he thinks that completing a deal for the club is unlikely, not that he can't come to an agreement with Pinnacle. Either he is as poor at using language as he is at selling things, or he has come over all vague at a vital moment. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 18 May, 2009 Share Posted 18 May, 2009 lol wont be the 1st time. There hasnt been much that I would have supported Lowe for but there also hasnt been much that I thought could do any better at the time so I suppose I got that tag a few times. water under the bridge now though. You must have Insider information then ....... As he doesn't have a lot of Money himself, how would he be able to come back exactly .... Jackson?Green ????? .... and how much Investment would be put into Saints ???? To give you a clue ...... over the past 12/14 years ..... SFA Leopards do not change their spots ......... Any update comment re Lowe's return from Stanley BTW ??? Link to comment Share on other sites More sharing options...
SW11_Saint Posted 18 May, 2009 Share Posted 18 May, 2009 I have`nt heard the radio or TV today so can someone please clear this up? Has Fry said that the sale of SFC is unlikely, or the sale to the Pinnacle mob is unlikely? They are two different things. Good point. My first reading from his quote - "It's very unlikely a transaction [for the club] will be completed." was that he was talking generically, but it is followed up by: "They haven't delivered what they said [they would]," which indicates that he is talking just about Pinnacle. Let's hope so anyway. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 18 May, 2009 Share Posted 18 May, 2009 Dealing with figures and expectations Mr Fry should be adept at being VERY precise with anything that he says. He has stated quite clearly that he thinks that completing a deal for the club is unlikely, not that he can't come to an agreement with Pinnacle. Either he is as poor at using language as he is at selling things, or he has come over all vague at a vital moment. Very strange ....... bearing in mind that MLT "said" they had loadsa money Link to comment Share on other sites More sharing options...
VectisSaint Posted 18 May, 2009 Share Posted 18 May, 2009 think he was talking about the Pinnicle bid but the beeb put a little slant on it that makes most Saints fans need to change there pants. Agreed. I think a lot of people on here have read the headline on the Beeb and not much else. Read on everyone. (1) Pinnacle say they are still confident, otherwise they would have packed their bags (2) The deadline is extended till late Monday afternoon (3) Other parties are understood to be still in the running I'm not usually much of an optimist (supporting Saints for 43 years tends to knock optimism out of you) but the headline does not match the report. My reading is simpley that the Pinnacle bid is on the brink of collapsing, not the whole kit and caboodle. Link to comment Share on other sites More sharing options...
lee_saint Posted 18 May, 2009 Share Posted 18 May, 2009 Dont worry Ponty - we'll all be supporting Solent United - you heard it here first - we have teh stadium' date=' Pompey the league position and solvency (well at least for the time being) - its obvious is it not, all we need is those clever Photoshoppers to show the new Blue and red striped kit ;-)[/quote'] ? Link to comment Share on other sites More sharing options...
Clapham Saint Posted 18 May, 2009 Share Posted 18 May, 2009 more smoke and mirrors and more tired news agencys rehashing known stories to suit the headline, stop panicing people it will happen when it happens and pages of speculation will not speed it up. +1 You can never be 100% sure but I'd put money on this just being posturing during negotiations. I still think a deal will go through. Stay calm!!!! :cool: Link to comment Share on other sites More sharing options...
saintjay77 Posted 18 May, 2009 Share Posted 18 May, 2009 You must have Insider information then ....... As he doesn't have a lot of Money himself, how would he be able to come back exactly .... Jackson?Green ????? .... and how much Investment would be put into Saints ???? To give you a clue ...... over the past 12/14 years ..... SFA Leopards do not change their spots ......... Any update comment re Lowe's return from Stanley BTW ??? Huh? What you on about? I didnt say I wanted him back or say that I knew he was even trying. I just said that if it was a choice between absolutly nothing at all or having Lowe back I would take Lowe. I hope and dont think it will come to that kind of decission and I actually think that if these 3 bidders are unsuccesful then the club will be wound up. I doubt very much that Rupes will come riding in to have another go and risk being lynched. But just to coment on one of your points. How many clubs have gone 12 / 14 years with no investment and yet built a new stadium, reached the FA Cup Final, reached there highest league position in god knows how many years and got into Europe? I know we were massivly lacking investment and the main reason for that in obviously yours but also my opinion was Rupes. But to go that long and hold our own for some of it is not such a bad thing. It ended in failure and good riddence to him for that but the chopping and changing there after did not have the effect that was intended. Link to comment Share on other sites More sharing options...
NSS Posted 18 May, 2009 Share Posted 18 May, 2009 Since your reassurance regarding the Pinnacle bid, Neil, you're credibility is close to zero, at the moment... John, I never gave any reassurance about the 'Pinnacle' bid, I merely suggested that Tony Lynam was busting his gut to make a deal happen, and so far as I know that is still the case. Pure speculation on my part, but if (as has been reported) Mr Fry has been in detailed discussion with/via Pinnacle now for several days without a deal being concluded, but (again as reported) Mr Fry thinks that a deal for the sale of SFC is now unlikely, it would seem plausible to me that the Pinnacle offer (if indeed a formal offer has actually been made) was in the Administrator's opinion the only one that offered the possibility of an acceptable deal to the creditors. Perhaps (more speculation), Mr Fry had been given a bottom line figure that the creditors will not go below, and believing that Pinnacle's position was the closest to that he has been endeavouring to persuade them and their backers that such a figure still represents value for money. Perhaps (still speculating), they have not been persuaded that this is the case. Of course, if no deal is secured you'll at least be able to take credit for suggesting they were never serious contenders, though I'd be inclined to think that a hollow 'victory' if such an outcome leaves you with no club to support (though I'm sure you'd be most welcome as a STH at Fratton Park next season. Link to comment Share on other sites More sharing options...
um pahars Posted 18 May, 2009 Share Posted 18 May, 2009 I wonder if alpine is still delighted we are in admin? And I wonder if you're still missing Positive Poortvliet;) Link to comment Share on other sites More sharing options...
Rocker268 Posted 18 May, 2009 Author Share Posted 18 May, 2009 I don't think its a case of Fry admitting well thats it I'll turn the lights off at 5pm it may just be that the pinnacle lot fall through and someone waiting in the wings comes in and takes us forward. I still don't think Fry would have extended his deadline to today unless Pinnacle had a good offer behind them as many have said it may well be Fry trying to force Pinnacles hand I won't accept there are no bids until the very end, even then it may take a few days, although I wish they would hurry up so I stop procrastinating Link to comment Share on other sites More sharing options...
alpine_saint Posted 18 May, 2009 Share Posted 18 May, 2009 ? Looks like f**king Crystal Palace... Link to comment Share on other sites More sharing options...
kpturner Posted 18 May, 2009 Share Posted 18 May, 2009 I apologise if this has already been posted, but the BBC Sports article now has the full recorded interview with Lynam for you to listen to, which is a bit more revealing than the snippet on the original Solent News bulletin: http://news.bbc.co.uk/sport1/hi/foot...on/8055407.stm I wonder who "ran away" !! :-) Link to comment Share on other sites More sharing options...
OldNick Posted 18 May, 2009 Share Posted 18 May, 2009 +1 You can never be 100% sure but I'd put money on this just being posturing during negotiations. I still think a deal will go through. Stay calm!!!! :cool:your post makes me feel a bit better.You really should give us more updates how you view Frys mindset.Afterall you all are like a bag of snakes (kidding..kind of) and we need to view it from your perspective Link to comment Share on other sites More sharing options...
treggs23 Posted 18 May, 2009 Share Posted 18 May, 2009 for those of us without sound can someone elaborate? Link to comment Share on other sites More sharing options...
um pahars Posted 18 May, 2009 Share Posted 18 May, 2009 And here's my two pieces of inside gossip from the same source who was convinced the Pinnacle deal would be given favoured status on Thursday (I think) of last week (so treat it with the same degree of caution). MLT has been saying they (Pinnacle) are an e-mail away from pulling it off. No idea what the e-mail relates to, or any other aspect of what the bid/offer entails. The second piece relates to another bid, maybe tied up with Green, or something standing alone. Apparently, the whisper that the Birmingham part owner (Sullivan or Gold???) wants to get involved but can't due to ownership restrictions. However, he is considering buying the stadium (other assets) as a toe in, whilst someone else holds the Club only to go the whole hog once clear of Birmingham!!!!!! Personally, I think number two is total ******, but thought it might cheer some of you up, and with regards the first one, I'm still of the view that this will all end in tears!!!! Link to comment Share on other sites More sharing options...
Guided Missile Posted 18 May, 2009 Share Posted 18 May, 2009 John, I never gave any reassurance about the 'Pinnacle' bid, I merely suggested that Tony Lynam was busting his gut to make a deal happen, and so far as I know that is still the case. It was this post of yours that reassured me, Neil: Be patient my little stripey friends. It'll happen tomorrow.... ..... or at least that's what I'm hearing. I'll file it under "Bulsh !t Baffles Brains".... Link to comment Share on other sites More sharing options...
lee_saint Posted 18 May, 2009 Share Posted 18 May, 2009 It's all hush hush at the moment, but I'm a little nervous about the length of time it's taking, then again, many other clubs have been taken over in the 11th hour and knowing us, I expect it to happen down here too! Then again, if all fails least we'll be in the Conference. Link to comment Share on other sites More sharing options...
OldNick Posted 18 May, 2009 Share Posted 18 May, 2009 And here's my two pieces of inside gossip from the same source who was convinced the Pinnacle deal would be given favoured status on Thursday (I think) of last week (so treat it with the same degree of caution). MLT has been saying they (Pinnacle) are an e-mail away from pulling it off. No idea what the e-mail relates to, or any other aspect of what the bid/offer entails. The second piece relates to another bid, maybe tied up with Green, or something standing alone. Apparently, the whisper that the Birmingham part owner (Sullivan or Gold???) wants to get involved but can't due to ownership restrictions. However, he is considering buying the stadium (other assets) as a toe in, whilst someone else holds the Club only to go the whole hog once clear of Birmingham!!!!!! Personally, I think number two is total ******, but thought it might cheer some of you up, and with regards the first one, I'm still of the view that this will all end in tears!!!! Thanks Um wont of course hold you to it.Thanks for sharing Link to comment Share on other sites More sharing options...
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