Pinnacle deadline extended

[John B]

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.

 

QUOTE]

 

Possible reason to involve MLT I would have thought

[hypochondriac]

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?

 

Lets call it a wild guess. We'll see wont we. Maybe an announcement today? Would have to be soon I would have thought!

[um pahars]

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!

 

I think that's faor enough as we have seen it on numerous occasions how football is an eo trip, so there could well be other reasons to invest.

 

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.

 

It may not be atht they just don't have the funds, more that they're just not willing to pay out what is required/expected/wanted, even if it is just for an ego trip.

[um pahars]

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?

 

Maybe, so let's hope that even on their forward projections the gap between income and costs looks to be manageable.

 

The problem looks to be as much about funding the losses going forward as it is the upfrnt price to join the game.

 

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 jusy don't think you can compare any premiership club with one from the lower divisions. the numbers involved are so different.

[thefuriousb]

Maybe, so let's hope that even on their forward projections the gap between income and costs looks to be manageable.

 

The problem looks to be as much about funding the losses going forward as it is the upfrnt price to join the game.

 

 

 

I jusy don't think you can compare any premiership club with one from the lower divisions. the numbers involved are so different.

 

I appreciate the comparision is not ideal, but their plan to break even is based solely on moving players, currently crippling them, on to pastures new (hardly a plan we too cannot implement). They are not forecasting a sharp increase in revenue to turn around their annual losses.

 

We can also help to increase our revenue by using the facilities at the stadium, eg conferences, concerts, birhtdays, weddings and bar mitzvas (sp?). Fratton does not compare on that score.

Edited 20 May, 2009 by thefuriousb
added sentence

[dubai_phil]

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.

 

Oh carp one of DP's dissertations...

 

UP, the real problem is that we have never been able to debate sensibly what is actually needed in order to get a possible investor to the table to conduct talks. Any attempt at that would have been greeted with a barrage of "what do you know/it isn't your job" sort of responses.

 

What I think we have seen is that (despite forum preconceptions) the Club has tried for some time to attract "wealthy investor/benefactor types" ie the Paul Allen's we all hoped for.

 

Clearly that never worked, but the standard assumption is that was because of unreasonable shareholder demands.

 

The point is though that none of those who possibly looked before seem to have come forward on their own, even now that we are "a bargain", possibly because although rich they have assets that have reduced in value and little actual CASH in this crisis or maybe because they think we are not worth it now.

 

While some "wealthy types" may spend all week looking for opportunities, often they need somebody to actually "sell" an investment to them.

 

With Pinnacle I would think that one of MLT or Tony Lynam felt that they should go out and try and find some people with money to buy the club, it WAS badly run, and so does have a "recovery potential", but those guys will have had to use their relationships and contact lists.

 

They did NOT need money of their own, ONLY contacts.

 

They probably spoke to many possible people until eventually they found a number who between them felt it would be worth a "punt" on turning us around by using their "small change" (ie money they can afford to risk)

 

The difficulty then comes once the group has looked at the actual figures.

 

Anyone who (for example) saw last years accounts and a wage bill of 80% of our income then seeing relegation and minus 10 would run a country mile.

 

It needs somebody closer to the club to explain that many contracts are up, many players can go and that in League 1 we could try and budget for a much reduced wage bill now that we have experienced youngsters and maybe some L1 level players.

 

That is why MLT was important, he would have had the more detailed knowledge he would have had the passion to keep that group from breaking up.

 

Because the group would have come together quite quickly, building any resolve into them or even passion would be a very difficult task. The skill sets required of salesmanship, leadership, negotating skills as well as knowledge of the club and simple stamina and motivation would always mean it was a work in progress.

 

When you then add that mix in with the probable need to hit a "moving target" when negotiating the actual structure of a deal and then you will find that a gamble starts with "a few million" starts to become a step too far.

 

That is what I think appears to have happened, something in the talks or the more detailed discussions about liabilities just pushed somebody over the edge leaving them one partner short.

 

I would expect that Lynam has hardly slept for weeks and has been under the sort of strain that none of us can understand. But of course as we are always right and always uber warriors, he just becomes a tyre kicking numpty. He wasn't, he was nearly a hero.

 

Whether they could keep enough of that "risk capital" back for the team or whether Fry and the creditors were pushing for every last penny also becomes a factor.

 

Right now, as many have said - admin means we have no time to be selective, the first group past the post is our only hope, and then all we can do is to hope they "hid" some of their budget from Fry to give us a chance of starting to move forwards.

 

With a sensible L1 wage structure, sensible management and making the squad better suited to the league we are in, then it will not need an investment of millions, just wisdom and listening skills (which have been in very short supply at SMS these past years), but THAT needed somebody with a love of the club (MLT) someone with faith in MLT (Lynam) and then a lot of contacts, hard work and expense and then luck.

[Deano6]

oh carp one of dp's dissertations...

 

Up, the real problem is that we have never been able to debate sensibly what is actually needed in order to get a possible investor to the table to conduct talks. Any attempt at that would have been greeted with a barrage of "what do you know/it isn't your job" sort of responses.

 

What i think we have seen is that (despite forum preconceptions) the club has tried for some time to attract "wealthy investor/benefactor types" ie the paul allen's we all hoped for.

 

Clearly that never worked, but the standard assumption is that was because of unreasonable shareholder demands.

 

The point is though that none of those who possibly looked before seem to have come forward on their own, even now that we are "a bargain", possibly because although rich they have assets that have reduced in value and little actual cash in this crisis or maybe because they think we are not worth it now.

 

While some "wealthy types" may spend all week looking for opportunities, often they need somebody to actually "sell" an investment to them.

 

With pinnacle i would think that one of mlt or tony lynam felt that they should go out and try and find some people with money to buy the club, it was badly run, and so does have a "recovery potential", but those guys will have had to use their relationships and contact lists.

 

They did not need money of their own, only contacts.

 

They probably spoke to many possible people until eventually they found a number who between them felt it would be worth a "punt" on turning us around by using their "small change" (ie money they can afford to risk)

 

the difficulty then comes once the group has looked at the actual figures.

 

Anyone who (for example) saw last years accounts and a wage bill of 80% of our income then seeing relegation and minus 10 would run a country mile.

 

It needs somebody closer to the club to explain that many contracts are up, many players can go and that in league 1 we could try and budget for a much reduced wage bill now that we have experienced youngsters and maybe some l1 level players.

 

That is why mlt was important, he would have had the more detailed knowledge he would have had the passion to keep that group from breaking up.

 

Because the group would have come together quite quickly, building any resolve into them or even passion would be a very difficult task. The skill sets required of salesmanship, leadership, negotating skills as well as knowledge of the club and simple stamina and motivation would always mean it was a work in progress.

 

When you then add that mix in with the probable need to hit a "moving target" when negotiating the actual structure of a deal and then you will find that a gamble starts with "a few million" starts to become a step too far.

 

That is what i think appears to have happened, something in the talks or the more detailed discussions about liabilities just pushed somebody over the edge leaving them one partner short.

 

I would expect that lynam has hardly slept for weeks and has been under the sort of strain that none of us can understand. But of course as we are always right and always uber warriors, he just becomes a tyre kicking numpty. He wasn't, he was nearly a hero.

 

Whether they could keep enough of that "risk capital" back for the team or whether fry and the creditors were pushing for every last penny also becomes a factor.

 

Right now, as many have said - admin means we have no time to be selective, the first group past the post is our only hope, and then all we can do is to hope they "hid" some of their budget from fry to give us a chance of starting to move forwards.

 

With a sensible l1 wage structure, sensible management and making the squad better suited to the league we are in, then it will not need an investment of millions, just wisdom and listening skills (which have been in very short supply at sms these past years), but that needed somebody with a love of the club (mlt) someone with faith in mlt (lynam) and then a lot of contacts, hard work and expense and then luck.

 

o'rly?

[dubai_phil]

o'rly?

 

possibly more than o'rly

 

Should have morphed it at the end but I ran out of the will to type and no doubt other readers will lose the will to live half way through but something I've been thinking about for quite a while now

[slickmick]

Is Marc Jackson claiming to have middle eastern/arab backers again ?

[Wade Garrett]

Oh carp one of DP's dissertations...

 

UP, the real problem is that we have never been able to debate sensibly what is actually needed in order to get a possible investor to the table to conduct talks. Any attempt at that would have been greeted with a barrage of "what do you know/it isn't your job" sort of responses.

 

What I think we have seen is that (despite forum preconceptions) the Club has tried for some time to attract "wealthy investor/benefactor types" ie the Paul Allen's we all hoped for.

 

Clearly that never worked, but the standard assumption is that was because of unreasonable shareholder demands.

 

The point is though that none of those who possibly looked before seem to have come forward on their own, even now that we are "a bargain", possibly because although rich they have assets that have reduced in value and little actual CASH in this crisis or maybe because they think we are not worth it now.

 

While some "wealthy types" may spend all week looking for opportunities, often they need somebody to actually "sell" an investment to them.

 

With Pinnacle I would think that one of MLT or Tony Lynam felt that they should go out and try and find some people with money to buy the club, it WAS badly run, and so does have a "recovery potential", but those guys will have had to use their relationships and contact lists.

 

They did NOT need money of their own, ONLY contacts.

 

They probably spoke to many possible people until eventually they found a number who between them felt it would be worth a "punt" on turning us around by using their "small change" (ie money they can afford to risk)

 

The difficulty then comes once the group has looked at the actual figures.

 

Anyone who (for example) saw last years accounts and a wage bill of 80% of our income then seeing relegation and minus 10 would run a country mile.

 

It needs somebody closer to the club to explain that many contracts are up, many players can go and that in League 1 we could try and budget for a much reduced wage bill now that we have experienced youngsters and maybe some L1 level players.

 

That is why MLT was important, he would have had the more detailed knowledge he would have had the passion to keep that group from breaking up.

 

Because the group would have come together quite quickly, building any resolve into them or even passion would be a very difficult task. The skill sets required of salesmanship, leadership, negotating skills as well as knowledge of the club and simple stamina and motivation would always mean it was a work in progress.

 

When you then add that mix in with the probable need to hit a "moving target" when negotiating the actual structure of a deal and then you will find that a gamble starts with "a few million" starts to become a step too far.

 

That is what I think appears to have happened, something in the talks or the more detailed discussions about liabilities just pushed somebody over the edge leaving them one partner short.

 

I would expect that Lynam has hardly slept for weeks and has been under the sort of strain that none of us can understand. But of course as we are always right and always uber warriors, he just becomes a tyre kicking numpty. He wasn't, he was nearly a hero.

 

Whether they could keep enough of that "risk capital" back for the team or whether Fry and the creditors were pushing for every last penny also becomes a factor.

 

Right now, as many have said - admin means we have no time to be selective, the first group past the post is our only hope, and then all we can do is to hope they "hid" some of their budget from Fry to give us a chance of starting to move forwards.

 

With a sensible L1 wage structure, sensible management and making the squad better suited to the league we are in, then it will not need an investment of millions, just wisdom and listening skills (which have been in very short supply at SMS these past years), but THAT needed somebody with a love of the club (MLT) someone with faith in MLT (Lynam) and then a lot of contacts, hard work and expense and then luck.

 

You don't half invest a lot of your time on this forum phil.

[dubai_phil]

Is Marc Jackson claiming to have middle eastern/arab backers again ?

 

Groundhog Day.

 

 

 

Hope not.

[dubai_phil]

You don't half invest a lot of your time on this forum phil.

 

 

Well actually off to spend a day queuing up in immigration and the med centre for my visa renewal. ANYTHING is time better spent than that.

[eelpie]

I felt the need to post that there is no news today.

[Weston Saint]

I echo Dubai Phil's reasoning and think he is probably spot on. Lynham & Pinnacle nearly pulled it off and who is to say he will not be able to come back to the table with investors to replace the ones who ran away. He will know more now about the situation and be able to brief the replacements.

 

All we want is a club next season.

 

I am very slightly less anxious than I was a couple of days ago and now await any Administrator announcement with less trepidation.

[Eyes k8]

Oh carp one of DP's dissertations...

 

UP, the real problem is that we have never been able to debate sensibly what is actually needed in order to get a possible investor to the table to conduct talks. Any attempt at that would have been greeted with a barrage of "what do you know/it isn't your job" sort of responses.

 

What I think we have seen is that (despite forum preconceptions) the Club has tried for some time to attract "wealthy investor/benefactor types" ie the Paul Allen's we all hoped for.

 

Clearly that never worked, but the standard assumption is that was because of unreasonable shareholder demands.

 

The point is though that none of those who possibly looked before seem to have come forward on their own, even now that we are "a bargain", possibly because although rich they have assets that have reduced in value and little actual CASH in this crisis or maybe because they think we are not worth it now.

 

While some "wealthy types" may spend all week looking for opportunities, often they need somebody to actually "sell" an investment to them.

 

With Pinnacle I would think that one of MLT or Tony Lynam felt that they should go out and try and find some people with money to buy the club, it WAS badly run, and so does have a "recovery potential", but those guys will have had to use their relationships and contact lists.

 

They did NOT need money of their own, ONLY contacts.

 

They probably spoke to many possible people until eventually they found a number who between them felt it would be worth a "punt" on turning us around by using their "small change" (ie money they can afford to risk)

 

The difficulty then comes once the group has looked at the actual figures.

 

Anyone who (for example) saw last years accounts and a wage bill of 80% of our income then seeing relegation and minus 10 would run a country mile.

 

It needs somebody closer to the club to explain that many contracts are up, many players can go and that in League 1 we could try and budget for a much reduced wage bill now that we have experienced youngsters and maybe some L1 level players.

 

That is why MLT was important, he would have had the more detailed knowledge he would have had the passion to keep that group from breaking up.

 

Because the group would have come together quite quickly, building any resolve into them or even passion would be a very difficult task. The skill sets required of salesmanship, leadership, negotating skills as well as knowledge of the club and simple stamina and motivation would always mean it was a work in progress.

 

When you then add that mix in with the probable need to hit a "moving target" when negotiating the actual structure of a deal and then you will find that a gamble starts with "a few million" starts to become a step too far.

 

That is what I think appears to have happened, something in the talks or the more detailed discussions about liabilities just pushed somebody over the edge leaving them one partner short.

 

I would expect that Lynam has hardly slept for weeks and has been under the sort of strain that none of us can understand. But of course as we are always right and always uber warriors, he just becomes a tyre kicking numpty. He wasn't, he was nearly a hero.

 

Whether they could keep enough of that "risk capital" back for the team or whether Fry and the creditors were pushing for every last penny also becomes a factor.

 

Right now, as many have said - admin means we have no time to be selective, the first group past the post is our only hope, and then all we can do is to hope they "hid" some of their budget from Fry to give us a chance of starting to move forwards.

 

With a sensible L1 wage structure, sensible management and making the squad better suited to the league we are in, then it will not need an investment of millions, just wisdom and listening skills (which have been in very short supply at SMS these past years), but THAT needed somebody with a love of the club (MLT) someone with faith in MLT (Lynam) and then a lot of contacts, hard work and expense and then luck.

 

That's a very good post. The problem for pinacle and other potential investors is almost certainly the football related liabilities, the wages of this squad this season, next season's contractual liabilities particularly to aging defenders who probably got good deals because they came for free or peanuts. Although not of the magnitudeof the previous liabilities (wages excessive for the championship) there is probably an element of wages excessive for League 1. Then there may be sums already owed to other clubs or clauses activated by appearances. There has to be something that relates to future liabilities because Lynam refers to the withdrawn investors as being "afraid". Your best hope is probably A.N.Other coming in at the last minute and arguably that is what the smartest do to get the best deal

[trousers]

I felt the need to post that there is no news today.

 

Cheers. What time do you anticipate the next wave of no news?

[SaintRichmond]

Is Marc Jackson claiming to have middle eastern/arab backers again ?

 

 

Yes, apparently he knows the Manager of the local Kebab Takeaway ......

[Wade Garrett]

That's a very good post. The problem for pinacle and other potential investors is almost certainly the football related liabilities, the wages of this squad this season, next season's contractual liabilities particularly to aging defenders who probably got good deals because they came for free or peanuts. Although not of the magnitudeof the previous liabilities (wages excessive for the championship) there is probably an element of wages excessive for League 1. Then there may be sums already owed to other clubs or clauses activated by appearances. There has to be something that relates to future liabilities because Lynam refers to the withdrawn investors as being "afraid". Your best hope is probably A.N.Other coming in at the last minute and arguably that is what the smartest do to get the best deal

 

I would agree with that. It's poker time, and the good players don't want to show their hands yet.

[notnowcato]

Cheers. What time do you anticipate the next wave of no news?

 

No News breaking on the SSN ticker now....

[Frank's cousin]

Interesting though the RUMOUR that the 'overseas group' did not want to get into bed with Pinnacle, bith wanting to do it by themselves...?

[egreog]

Ok.... assuming the wages are paid tomorrow.......does that mean there is effectively another 4 weeks to resolve the issue before winding up becomes necessary?......Is there actually a deadline? or as long as the wages are paid can it drift for weeks unless the creditors get aggressive?.........there must surely come a point when the Administrator says to potential buyers........time is up

[Badger]

No News breaking on the SSN ticker now....

 

Perhaps there will be an announcement of "no news in 48 hrs".

[SaintRichmond]

Ok.... assuming the wages are paid tomorrow.......does that mean there is effectively another 4 weeks to resolve the issue before winding up becomes necessary?......Is there actually a deadline? or as long as the wages are paid can it drift for weeks unless the creditors get aggressive?.........there must surely come a point when the Administrator says to potential buyers........time is up

 

 

 

That's what puzzles me ..... a "Fluid" deadline .......I suppose come December, when all other Teams are half way through their fixtures .... Fry will announce "another 48 hours, and that's it " ....... ???

[ART]

I just knew some would break ranks and ruin the proposed united front in the face of the latest announcement from Fry. Yet if it was to be, then so it had to be someone like Um_Pahars who has long lived by the motto divide and rule.

 

Please tell how many big money investors aren't going to have cold feet over finances when faced with purchasing a League One team starting out with minus ten points? I don't think you'll find any one investor going into this deal wearing pink coloured spectacles. We will be extremely lucky if a deal is completed and the club is allowed to go forward afresh. More likely a white wash deal bundled in scotch tape and sticky plasters is all we'll end up with.

 

Division will only result in disaster and the longer we remain so the deeper sh i te we'll end up in.

[lancelot link]

I think there will be a positive announcement today. I'm not sure who will be the buyer, it might not even be with the Pinnacle led group but from what I've seen in rushed activity over the last 2 days I really think something is going to happen at any moment

[saint_stevo]

I think there will be a positive announcement today. I'm not sure who will be the buyer, it might not even be with the Pinnacle led group but from what I've seen in rushed activity over the last 2 days I really think something is going to happen at any moment

 

Source?

 

I know its boring but you need to backup your claims....

[lancelot link]

I dont have any inside knowledge but I know someone who works for Pinnacle and lets just say they've been doing a lot of over-time....... so I'm speculating on the back of that. In my opinion its either that they're just about to do it, or someone else is and they're playing catch up... just my opinion

[eelpie]

Cheers. What time do you anticipate the next wave of no news?

 

It's usually Friday

[Saint Lindford]

I echo Dubai Phil's reasoning and think he is probably spot on. Lynham & Pinnacle nearly pulled it off and who is to say he will not be able to come back to the table with investors to replace the ones who ran away. He will know more now about the situation and be able to brief the replacements.

 

All we want is a club next season.

 

I am very slightly less anxious than I was a couple of days ago and now await any Administrator announcement with less trepidation.

 

As far as I am aware they (Pinnacle) are still talking and remain confident of something coming to fruition, exactly when is anyone's guess.

[iansums]

I dont have any inside knowledge but I know someone who works for Pinnacle and lets just say they've been doing a lot of over-time....... so I'm speculating on the back of that. In my opinion its either that they're just about to do it, or someone else is and they're playing catch up... just my opinion

 

Yeah, but I bet they've been doing lots of overtime for the past 3 weeks....................and chances are it was the cleaner!!

 

Sorry for the scepticism

[buctootim]

A

I think there will be a positive announcement today.

 

B

I dont have any inside knowledge but I know someone who works for Pinnacle and lets just say they've been doing a lot of over-time....... so I'm speculating on the back of that.

 

No offence, and at least you stated your reasoning - but getting from A to B based on that is a hell of a big jump!

[saint_stevo]

maybe lancelot is mr lynham?

 

and no, not Des

[lancelot link]

no offence taken! Its just me watching with keen interest. I just have a feeling

[lancelot link]

afraid not stevo, wish I was then I would actually know instead of second guessing!

[The Rover]

Who else is Matt working with? I'm hearing that he's backing another group who may bid in the next few days?

[Ken Tone]

I dont have any inside knowledge but I know someone who works for Pinnacle and lets just say they've been doing a lot of over-time....... so I'm speculating on the back of that. In my opinion its either that they're just about to do it, or someone else is and they're playing catch up... just my opinion

 

However it is hard to interpret the last few days as anything other than:

 

Pinnacle and Fry agreed a provisional deal (so price as such not a big issue -- they had pretty much agreed that), then Pinnacle did not come up with what they'd promised.

 

Obvious interpretaion ... Pinnacle do not have the money they claimed or that their consortioum leaders thought they had.

 

If they are still trying to progress the deal, that is better news than that it would be if they'd just gone away hanging their heads in shame. However it does imply that they are spending most of that overtime frantically trying to raise the required cash rather than doing anything else. Doesn't fit with the £700million rumour very well, and doesn't bode well for future investment if they do take over. (Though obviously we'd all rather they take over skint than no one take over at all.)

 

K.

[Burger]

afraid not stevo, wish I was then I would actually know instead of second guessing!

 

You wish you were someone else?

[hugh]

I think the most likely thing now is total silence until we are told either that A) Saints have been bought, or B) that SLH is to be broken up in the absence of a realistic bid for the whole thing.

[lancelot link]

You wish you were someone else?

 

sure Burger........ I would probably choose Hugh Hefner as he has a bit of fun with the ladies, and lots of them! But he's a bit old so maybe President Obama so I could resolve world debt problems and in doing so find a buyer for Saints!

[Master Bates]

sure Burger........ I would probably choose Hugh Hefner as he has a bit of fun with the ladies, and lots of them! But he's a bit old so maybe President Obama so I could resolve world debt problems and in doing so find a buyer for Saints!

 

If you were President Obama, could you not just buy us yourself?

[aqbadger]

i think there will be a positive announcement today. I'm not sure who will be the buyer, it might not even be with the pinnacle led group but from what i've seen in rushed activity over the last 2 days i really think something is going to happen at any moment

 

zzzzzzzzzzzzzzzzzzzzzzzzzzzz

[um pahars]

I just knew some would break ranks and ruin the proposed united front in the face of the latest announcement from Fry. Yet if it was to be, then so it had to be someone like Um_Pahars who has long lived by the motto divide and rule.

 

Please tell how many big money investors aren't going to have cold feet over finances when faced with purchasing a League One team starting out with minus ten points? I don't think you'll find any one investor going into this deal wearing pink coloured spectacles. We will be extremely lucky if a deal is completed and the club is allowed to go forward afresh. More likely a white wash deal bundled in scotch tape and sticky plasters is all we'll end up with.

 

Division will only result in disaster and the longer we remain so the deeper sh i te we'll end up in.

 

Which is exactly my thoughts and what I said, in that whilst I pray we will come out of this OK, I am rather pessimistic that someone will come up with the goods as a result of being in this crisis at such unprecedented times. I'm ever so sorry if my concerns upset you, maybe you just need to get some more vino down you.

 

As much as I would love it to be the case, I very much doubt that mere positive wishful thinking on this forum will bring us our White Knight.:smt117:smt117

[Stirchleysaint]

I think the most likely thing now is total silence until we are told either that A) Saints have been bought, or B) that SLH is to be broken up in the absence of a realistic bid for the whole thing.

B has already been announced to the Stock Market last week Hugh.

[trousers]

I think there will be a positive announcement today. I'm not sure who will be the buyer, it might not even be with the Pinnacle led group but from what I've seen in rushed activity over the last 2 days I really think something is going to happen at any moment

 

Might be handy to clarify definition of "any moment" at this juncture...?

[Frank's cousin]

Might be handy to clarify definition of "any moment" at this juncture...?

 

Within 48 hours or Friday...

[Wade Garrett]

What a surprise. Don't tell me - no news or announcements today.

 

Can't wait for tomorrow.

[Saint_Ash]

Getting seriously bored with this sh1t!

[Toadhall Saint]

Getting seriously bored with this sh1t!

 

Pretty much the same but then I think - christ I'm going to be really bored on a Sat when the season gets going!

[Saint_Ash]

Little updates would be nice though, even though I know they're not allowed! ha!

[Micky]

What a surprise. Don't tell me - no news or announcements today.

 

Can't wait for tomorrow.

 

Yes it does appear to be surprisingly quiet, even the ITK'ers appear to have run out of snippets for us. I wonder if this is good news or bad news though?