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Pinnacle deadline extended


Master Bates

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Rupert Lowe tried to get us to work within our means

Crouch took a gamble to get us back to the promised land.

Wilde was a true fan who tried to do his bit but was poorly advised

 

They all gave their best under difficult circumstances and have each have more business acumen than all of us put together.

 

We need to move on!

 

******.........lowe tried to get us to work below our means,penny pinching and trying to survive and the cheap will only get you relegated.

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Crouch took a gamble to get us back to the promised land.

Wilde was a true fan who tried to do his bit but was poorly advised

 

It was Wildes Fulham boys that spent the £7 million, but i expect LC agreed with this move. Rupert Lowe often spoke of the "war chest" so i expect he'd have done the same.

 

Wilde may well be a true fan, but not a Saints fan. Anfield is his spiritual home.

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******.........lowe tried to get us to work below our means,penny pinching and trying to survive and the cheap will only get you relegated.

 

As we were a cash strapped club perhaps we did not have the financial income to be a Premiership club

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It was Wildes Fulham boys that spent the £7 million, but i expect LC agreed with this move. Rupert Lowe often spoke of the "war chest" so i expect he'd have done the same.

 

Wilde may well be a true fan, but not a Saints fan. Anfield is his spiritual home.

 

Everyone always looks at what the execs spent but never mentions the

15 or 16 million's worth of players they sold when our all out push for promotion failed. I've never done the maths but on the player sale front I don't doubt that the "execs" made a fabulously large profit.

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It was Wildes Fulham boys that spent the £7 million, but i expect LC agreed with this move. Rupert Lowe often spoke of the "war chest" so i expect he'd have done the same.

 

Wilde may well be a true fan, but not a Saints fan. Anfield is his spiritual home.

 

Funny. I thought he was a Tranmere Rovers fan...

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Pinnacle have not delivered.

The unnamed 'Overseas' group have made a bid and have gone through the process.

They will be named preferred bidder and are likely to take over within the next few days.

An announcement will be made around midday tomrrow from Fry saying they are the preferred bidder.

Thanks

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Pinnacle have not delivered.

The unnamed 'Overseas' group have made a bid and have gone through the process.

They will be named preferred bidder and are likely to take over within the next few days.

An announcement will be made around midday tomrrow from Fry saying they are the preferred bidder.

Thanks

 

 

How overseas are we talking. Are we talking deserts or the emerald isle?

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Rupert Lowe tried to get us to work within our means

Crouch took a gamble to get us back to the promised land.

Wilde was a true fan who tried to do his bit but was poorly advised

 

They all gave their best under difficult circumstances and have each have more business acumen than all of us put together.

 

We need to move on!

 

How can we move on when people like you keep trying to perpetuate these myths. If you lot stop myth making then people will stop myth busting.

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Pinnacle have not delivered.

The unnamed 'Overseas' group have made a bid and have gone through the process.

They will be named preferred bidder and are likely to take over within the next few days.

An announcement will be made around midday tomrrow from Fry saying they are the preferred bidder.

Thanks

 

You're wrong.

 

Thanks.

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Rupert Lowe tried to get us to work within our means

Crouch took a gamble to get us back to the promised land.

Wilde was a true fan who tried to do his bit but was poorly advised

 

They all gave their best under difficult circumstances and have each have more business acumen than all of us put together.

 

We need to move on!

 

LOL

 

Move on yes but get your facts right first !

 

 

ouch i bit :)

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Pinnacle have not delivered.

The unnamed 'Overseas' group have made a bid and have gone through the process.

They will be named preferred bidder and are likely to take over within the next few days.

An announcement will be made around midday tomrrow from Fry saying they are the preferred bidder.

Thanks

 

call_my_bluff.jpg

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Is this some private game or does one of you care to explain where the guy was wrong and where he was right? Or more likely, neither one of you has a clue like the rest of us.
Perhaps they both think they are right about the 2 different parts of the post.

Im with Hypo in being right

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Is this some private game or does one of you care to explain where the guy was wrong and where he was right? Or more likely, neither one of you has a clue like the rest of us.

 

I was about to ask everyone to get back to arguing about ex chairmen cause im confused to hell! lol

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Pinnacle have not delivered.

The unnamed 'Overseas' group have made a bid and have gone through the process.

They will be named preferred bidder and are likely to take over within the next few days.

An announcement will be made around midday tomrrow from Fry saying they are the preferred bidder.

Thanks

 

http://www.saintsweb.co.uk/forum/showthread.php?p=299719#post299719 Post #90

 

What makes you so confident this time?

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My only question would be do you think as Chairman of the FC he could not have said to teh PLC board - stop! we cant afford these unless wilde stumps up the investors he promised? because these recommendation must have come through the football board from Burley?...and I cant believe Crouch was not privvy to the financial situation?

 

Did you not read what I wrote? Or do you simply refuse to believe the facts?

 

When that money was spent Leon Crouch WAS NOT chairman of the football club. Rupert Lowe was chairman for the first 2m and Wilde was chairman for the other 5.6m!!!!!!!!!

 

So why oh why did Lowe and Wilde allow that money to be spent??? And why oh why, in the very short period of time that Leon was in the chair, didn't Wilde stop the (comparitively very minimal) spending with his 16% share-holding (against LC's

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I was guessing saint77's identity via PM but had to post my response on here as he did not PM me back but put his response on the forum for an odd reason. I'll shutup now.

 

Thanks for the laugh Hypo, it reminded of the ship when the front fell off.

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Did you not read what I wrote? Or do you simply refuse to believe the facts?

 

When that money was spent Leon Crouch WAS NOT chairman of the football club. Rupert Lowe was chairman for the first 2m and Wilde was chairman for the other 5.6m!!!!!!!!!

 

So why oh why did Lowe and Wilde allow that money to be spent??? And why oh why, in the very short period of time that Leon was in the chair, didn't Wilde stop the (comparitively very minimal) spending with his 16% share-holding (against LC's

 

Well i can say is Rupert Lowe knew full well what was going on as he had his little spy Dave Jones telling him everything.

 

You simply cannot change boardroom decisions if you are not actually in the boardroom and indeed have executive status.

 

You can also ask why Barclays continued to allow such expenditure as they have had a say on everything since relegation.

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Thanks for the laugh Hypo, it reminded of the ship when the front fell off.

 

I love all this takeover stuff. I don't care if people laugh or call me ITK. I do some digging and find out what I can and then try to find out more! It makes it more interesting, gives me some hope about the future of SFC and takes my mind off the potentially dire consequences. Apologies to anyone I irritate through doing it though!

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I find it amazing that Fry has just been dealing with 1 group all this time. I thought the 30 were wittled down to just 2 or 3? Surly until a perferred bidder is decided then all groups should get equal treatment?

 

Its no wonder that the deadline keeps getting moved as Fry hasnt got any other options either because the others wernt good enough (if so why was the 30 knocked down to 2 or 3?) or he hasnt kept the other partys in the loop.

 

Hats off to Crouch and he will get much more respect than any of the others if its true about him paying the wages. I think the other main partys should be dragged out of there dark corners by there balls and made to share the load of keeping the club afloat for the time being.

 

I will always remember the main 3 for screwing the club up in various ways but I will also remember Crouch for keeping the club going in its darkest time.

 

.... and for sorting out the Ted Bates statue

.... and for honouring the Sophies gift pledge

 

 

I don't know him from adam but he comes across like a gentleman business man rather that the rest of them.

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.... and for sorting out the Ted Bates statue

.... and for honouring the Sophies gift pledge

 

 

I don't know him from adam but he comes across like a gentleman business man rather that the rest of them.

 

As a fan I and I doubt any others can fault him. Im not his biggest fan but point scoring or not some of his gestures and actions have helped us out several times. Would be nice to remember him in years to come for the good things rather than remembering him being mixed up with the other donkeys.

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I love all this takeover stuff. I don't care if people laugh or call me ITK. I do some digging and find out what I can and then try to find out more! It makes it more interesting, gives me some hope about the future of SFC and takes my mind off the potentially dire consequences. Apologies to anyone I irritate through doing it though!

 

OK... you claim to be vaguely ITK as does Saint77, so let me put to you my hypothesis for what is going on...

 

The Pinnacle bid failed because they could not match the guarantees required (possibly a lack of funds). Consequently, Fry has introduced the bidders to each other to go away and see if between them they can come up with a combined bid, based largely on the same model as the Pinnacle bid.

 

As a result of Leon Crouch's support for the wages of the club, there is now a bit more time, so in order to allow time for the various parties to meet and redraw ther plans or else find extra finance, a bid is expected in a few weeks time.

 

Is that a possible/likely scenario?

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OK... you claim to be vaguely ITK as does Saint77, so let me put to you my hypothesis for what is going on...

 

The Pinnacle bid failed because they could not match the guarantees required (possibly a lack of funds). Consequently, Fry has introduced the bidders to each other to go away and see if between them they can come up with a combined bid, based largely on the same model as the Pinnacle bid.

 

As a result of Leon Crouch's support for the wages of the club, there is now a bit more time, so in order to allow time for the various parties to meet and redraw ther plans or else find extra finance, a bid is expected in a few weeks time.

 

Is that a possible/likely scenario?

Firstly I don't claim to be remotely ITK. I'm not even clear in my own head what is going on. I don't think that's what is happening at all though.

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Just a thought - do you think Fry's apolocolyptic statement earlier in the week could have been aimed at the creditors rather than the bidders? Plenty of speculation about break up value being less than value of SFC as a going concern - maybe he was signalling to barcalys, aviva etc that they need to get their heads out of their ar5e5 and accept whats on the table (and soon) rather than trying to ratchet more out of the pinnable (or whoever else is out there)?

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Firstly I don't claim to be remotely ITK. I'm not even clear in my own head what is going on. I don't think that's what is happening at all though.

 

yet you were sure with your response to another poster when they suggested the over seas bidder would be named. So if you are not ITK, how can you possibly dismiss anyone?

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yet you were sure with your response to another poster when they suggested the over seas bidder would be named. So if you are not ITK, how can you possibly dismiss anyone?

 

Tell you one thing Mike, I would accept any bloody takeover at this moment in time!!! I am desperate to get onto mundane things like sorting a new manager out and making sure we have a squad ready to challenge!

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Tell you one thing Mike, I would accept any bloody takeover at this moment in time!!! I am desperate to get onto mundane things like sorting a new manager out and making sure we have a squad ready to challenge!

 

Having our 476th manager in 4 seasons - you're calling that MUNDANE

 

:p

 

Won't that be fun, watch the moans and groans then when that happens.

 

If we had gambling here I'd open a book on the trollish comments all of which would end with new owners out

 

Total lack of ambition

Too high a risk, no experience

He's past it

He's an idiot/numpty/carp/proven failure

He's too inflexible with his tactics

Has no passion for the club

Only picked him because of his passion for the club

How will he know what players we need in L1

How will he be able to cope if he gets us into the CCC

He'll be off to a bigger club at the first sign of money/success

Only a short term appointment, no long term planning

How on earth can we afford his wages

Should have kept Wotte

Why did we keep Wotte

 

lol that ain't gonna be mundane, but I pray it's a problem we will have sooner rather than later

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Having our 476th manager in 4 seasons - you're calling that MUNDANE

 

:p

 

Won't that be fun, watch the moans and groans then when that happens.

 

If we had gambling here I'd open a book on the trollish comments all of which would end with new owners out

 

Total lack of ambition

Too high a risk, no experience

He's past it

He's an idiot/numpty/carp/proven failure

He's too inflexible with his tactics

Has no passion for the club

Only picked him because of his passion for the club

How will he know what players we need in L1

How will he be able to cope if he gets us into the CCC

He'll be off to a bigger club at the first sign of money/success

Only a short term appointment, no long term planning

How on earth can we afford his wages

Should have kept Wotte

Why did we keep Wotte

 

lol that ain't gonna be mundane, but I pray it's a problem we will have sooner rather than later

 

I do like the 8-1 shot, he's an idiot/numpty/carp/proven failure!!! ****, Burley is coming back!!! i just want to make sure you and luggy (sorry Nick) are in the running!!!!

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The problem I have with this Pinnacle lot is that I suspect they are not doing this from a "love of the Club" perspective, but instead from a hard nose business POV.

 

In which case I have no doubt they are getting cold feet as I think it is understandable to be baulking at the numbers particualry those required to fund us going forward, when viewed purely as an investment opportunity.

 

I really worry for the future of the Club as I'm not overly confident of any group coming up with the funds to acquire the Club, nor having the funds to run it going forward.

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The problem I have with this Pinnacle lot is that I suspect they are not doing this from a "love of the Club" perspective, but instead from a hard nose business POV.

 

In which case I have no doubt they are getting cold feet as I think it is understandable to be baulking at the numbers particualry those required to fund us going forward, when viewed purely as an investment opportunity.

 

I really worry for the future of the Club as I'm not overly confident of any group coming up with the funds to acquire the Club, nor having the funds to run it going forward.

 

As someone said steve, we have to keep the faith, it is the only thing we have left!

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The problem I have with this Pinnacle lot is that I suspect they are not doing this from a "love of the Club" perspective, but instead from a hard nose business POV.

 

In which case I have no doubt they are getting cold feet as I think it is understandable to be baulking at the numbers particualry those required to fund us going forward, when viewed purely as an investment opportunity.

 

I really worry for the future of the Club as I'm not overly confident of any group coming up with the funds to acquire the Club, nor having the funds to run it going forward.

 

Not sure that people 'invest' in professional football in order to make money. It may not be love of this club for for everyone involved in these bids, but I think there is genuine interested in being involved in the game. Anyone just looking for an investment opportunity will try almost anything except football!

 

The point Um makes about any group having money to take the club forward is a real worry though. If the bidders are struggling to convince the Administrator that they can pay him, how can they find anything to spend on the team except what the club earns through the gate and the usual commercial activities - which leaves us worse off than we were before with less gate income.

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The problem I have with this Pinnacle lot is that I suspect they are not doing this from a "love of the Club" perspective, but instead from a hard nose business POV.

 

In which case I have no doubt they are getting cold feet as I think it is understandable to be baulking at the numbers particualry those required to fund us going forward, when viewed purely as an investment opportunity.

 

I really worry for the future of the Club as I'm not overly confident of any group coming up with the funds to acquire the Club, nor having the funds to run it going forward.

 

With a great many of the high earners' contracts coming to an end, surely the gap between the income/expense will severely reduced at the very least, with the view of operating within budget in the next 12-18 months when the last remaining vastly-inflated contracts come to an end?

 

If that lot down the road can break even in this same period with a restricted ground capacity (all be it with TV money), then why are do you feel we won't ever, and therefore will scare off anyone with an interest?

 

I think the majority of supporters will take an SFC over a club continuing to live beyonds its means?

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