dubai_phil Posted 19 May, 2009 Share Posted 19 May, 2009 So we still dont know how long this bid process is going to take do we?. Friday looks clear in the diaries for most of us on here at the moment. So worth a punt Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 19 May, 2009 Share Posted 19 May, 2009 Friday bloody Friday, never on a Friday Link to comment Share on other sites More sharing options...
Saint_Jonny Posted 19 May, 2009 Share Posted 19 May, 2009 I used to like fridays, I ****ing hate them now. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 19 May, 2009 Share Posted 19 May, 2009 And he wasn't executed, he was killed in a rix with the Mayor of London and some other bloke.It was at Smithfield though, the young King Richard was holding some sort of meeting there. Meeting administrators?? Link to comment Share on other sites More sharing options...
Frank's cousin Posted 19 May, 2009 Share Posted 19 May, 2009 (edited) Actually it has cleared up a few things and removed the need for Drama queenism (?) based on the limited quote in the Echo and on Solent repeated in the BBC pages... in that when refering to 'not expecting a deal' he was not inactual fact staing he was not expectiong a deal, but 'not expecting to deal of exclusivity with the one potential bifdder as to date had not fulfilled the requirements' which as you will see is less of a 'shock' and means discussions continue... Edited 19 May, 2009 by Frank's cousin the dreaded hte, teh, eth etc ..... Link to comment Share on other sites More sharing options...
broncoboy Posted 19 May, 2009 Share Posted 19 May, 2009 You've been watching too many Hollywood dramatisations. William Wallace was a terrorist, but like in so many Hollywood films they love to make the English out to be the villains from giving Orks English accents in the Lord of the Rings to giving Darth Vadars men English accents. I for one felt not a ounce of compassion when Mel Gibson was hung drawn and quartered. It made me very proud to be English. Please note when William Wallace was in business England had actually taken Scotland over and made them acknowledge the English king as their Lord. This didnt go down too well with many Scots. So he was a freedom fighter without question. The people that ran both Scotland and England were Normans from France descended from Vikings. They often owned land in both countries. William wallace was not a norman. No need to get your knickers in a twist Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 19 May, 2009 Share Posted 19 May, 2009 William Wallace was a terrorist, It made me very proud to be English. Yeah because Oliver Cromwell was a stand up guy !! but we were asked not to go over villains of the past on this thread so stay on topic Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 19 May, 2009 Share Posted 19 May, 2009 Dear Mods, could we PLEASE have an automatic infraction for anyone continuing the who is most to blame from the old guard arguments on THIS thread, so we can keep this for prayers, messages of hope or information on where to send flowers if it doesn't work out Thanks Lowe out...Oops! Link to comment Share on other sites More sharing options...
Flyer Posted 19 May, 2009 Share Posted 19 May, 2009 I spoke to someone who has a friend who works at SMS, they were told that if they arent paid by Saturday. Dont bother turning up for work again. Could be right, could be wrong but Im just passing on what I was told. Link to comment Share on other sites More sharing options...
OldNick Posted 19 May, 2009 Author Share Posted 19 May, 2009 I spoke to someone who has a friend who works at SMS, they were told that if they arent paid by Saturday. Dont bother turning up for work again. Could be right, could be wrong but Im just passing on what I was told.They dont get paid until a week next friday, so why would that change? Link to comment Share on other sites More sharing options...
trousers Posted 19 May, 2009 Share Posted 19 May, 2009 I spoke to someone who has a friend who works at SMS, they were told that if they arent paid by Saturday. Dont bother turning up for work again. Doesn't square with pay day being next week (Thursday)? Link to comment Share on other sites More sharing options...
OldNick Posted 19 May, 2009 Author Share Posted 19 May, 2009 Doesn't square with pay day being next week (Thursday)? yes you are right its thursday not friday. Friday is on my mind I dont know why Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 19 May, 2009 Share Posted 19 May, 2009 yes you are right its thursday not friday. Friday is on my mind I dont know why Don't worry its a Saints thing - perhaps we could get a special dispensation from the FL and play our games on a Friday? Mind you nothing would happen so best stick to any other day of the week. Link to comment Share on other sites More sharing options...
Ken Tone Posted 19 May, 2009 Share Posted 19 May, 2009 Actually it has cleared up a few things and removed the need for Drama queenism (?) based on the limited quote in the Echo and on Solent repeated in the BBC pages... in that when refering to 'not expecting a deal' he was not inactual fact staing he was not expectiong a deal' date=' but 'not expecting to deal of exclusivity with the one potential bifdder as to date had not fulfilled the requirements' which as you will see is less of a 'shock' and means discussions continue...[/quote'] Exactly. Huge relief compared with the club is doomed feel of the 'not expecting to do' a deal quote. My personal interpretation (NITK!): Pinnacle sounded good to Fry at first but didn't put their money where their mouth was, if indeed they have any money. Now he's not quite back to square 1, but is not expecting pinnacle ever to do the business and has lost patience with them so is touting us to all and sundry again. Interesting, and probably signficant, that he apparently did not have much to do with the Jackson bid even though that reportedly came in first. Whether he now has to take that seriously or this mysterious foreign bid materialises is the next question. Meanwhile Pinnacle can keep kicking the tyres, but if they want to have a full test drive, they'll have to show the cash first. Overall not good news but not yet quite the end of the world. K. Link to comment Share on other sites More sharing options...
SW11_Saint Posted 19 May, 2009 Share Posted 19 May, 2009 Smithfield was a meat market So was Barbarella's... Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 19 May, 2009 Share Posted 19 May, 2009 So was Barbarella's... lol Link to comment Share on other sites More sharing options...
badgerx16 Posted 19 May, 2009 Share Posted 19 May, 2009 yes you are right its thursday not friday. Friday is on my mind I dont know why Monday morning feels so bad, Ev'rybody seems to nag me Coming Tuesday I feel better, Even my old man looks good, Wednesday just don't go, Thursday goes too slow, I've got Friday on my mind Link to comment Share on other sites More sharing options...
Dark Munster Posted 19 May, 2009 Share Posted 19 May, 2009 Exactly. Huge relief compared with the club is doomed feel of the 'not expecting to do' a deal quote. My personal interpretation (NITK!): Pinnacle sounded good to Fry at first but didn't put their money where their mouth was, if indeed they have any money. Now he's not quite back to square 1, but is not expecting pinnacle ever to do the business and has lost patience with them so is touting us to all and sundry again. Interesting, and probably signficant, that he apparently did not have much to do with the Jackson bid even though that reportedly came in first. Whether he now has to take that seriously or this mysterious foreign bid materialises is the next question. Meanwhile Pinnacle can keep kicking the tyres, but if they want to have a full test drive, they'll have to show the cash first. Overall not good news but not yet quite the end of the world. K. Well, if it reaches the point where he has to take the Jackson bid seriously, then yes, it's the end of the world (for Saints). :smt073 Link to comment Share on other sites More sharing options...
ART Posted 19 May, 2009 Share Posted 19 May, 2009 Can anyone please explain why SKY aren't reporting anything about Saints? Is it because they feel embarassed that Matty's backed bid has so far failed to produce or are they deliberately helping Pinnacle by remaining silent and not adding extra pressure of them not fulfiling the exclusive bid option and proof to Fry and the creditors? Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 19 May, 2009 Share Posted 19 May, 2009 Can anyone please explain why SKY aren't reporting anything about Saints? Is it because they feel embarassed that Matty's backed bid has so far failed to produce or are they deliberately helping Pinnacle by remaining silent and not adding extra pressure of them not fulfiling the exclusive bid option and proof to Fry and the creditors? Perhaps its because there is nothing "new" to report? Link to comment Share on other sites More sharing options...
Ludwig Posted 19 May, 2009 Share Posted 19 May, 2009 Can anyone please explain why SKY aren't reporting anything about Saints? Is it because they feel embarassed that Matty's backed bid has so far failed to produce or are they deliberately helping Pinnacle by remaining silent and not adding extra pressure of them not fulfiling the exclusive bid option and proof to Fry and the creditors? Because we're a small club with very little concrete news. Link to comment Share on other sites More sharing options...
beatlesaint Posted 19 May, 2009 Share Posted 19 May, 2009 Can anyone please explain why SKY aren't reporting anything about Saints? Is it because they feel embarassed that Matty's backed bid has so far failed to produce or are they deliberately helping Pinnacle by remaining silent and not adding extra pressure of them not fulfiling the exclusive bid option and proof to Fry and the creditors? Could it be that they dont really care about a League One team who, according to the statement by Fry are still in talks with possible buyers ? Its the most important thing in the world to many of us, football wise, at the moment, but to Sky Sports it doesnt quite rank up there with Rooney sneezed twice this morning does it ? Link to comment Share on other sites More sharing options...
Flyer Posted 19 May, 2009 Share Posted 19 May, 2009 Doesn't square with pay day being next week (Thursday)? They dont get paid until a week next friday, so why would that change? Havent a clue, Im just relaying what I was told. Maybe thats when the funds have to be there for the payments to start being processed, if the funds arent there by Saturday, they cant get their usual salary. Link to comment Share on other sites More sharing options...
Mole Posted 19 May, 2009 Share Posted 19 May, 2009 Please note when William Wallace was in business England had actually taken Scotland over and made them acknowledge the English king as their Lord. This didnt go down too well with many Scots. So he was a freedom fighter without question. The people that ran both Scotland and England were Normans from France descended from Vikings. They often owned land in both countries. William wallace was not a norman. No need to get your knickers in a twist My favourite verse of the national anthem. Lord grant that Marshal Wade May by thy mighty aid Victory bring May he sedition hush And like a torrent rush Rebellious Scots to crush God save the queen Link to comment Share on other sites More sharing options...
eurosaint Posted 19 May, 2009 Share Posted 19 May, 2009 My favourite verse of the national anthem. Lord grant that Marshal Wade May by thy mighty aid Victory bring May he sedition hush And like a torrent rush Rebellious Scots to crush God save the queen I think you'll find that her Maj is very pro Scottish as is her daughter who supports them over England when watching rugby ! Anyway WW was a hero to some of us but clearly not all ! I suggest you get back to assasinating the 'one who cannot be mentioned on this thread' instead !! Link to comment Share on other sites More sharing options...
NSS Posted 19 May, 2009 Share Posted 19 May, 2009 I think perhaps you're all so stressed that you're starting to read everything with an unhealthy degree of scepticism. If you analyse the statement by Mr Fry, and add it to the Solent broadcast of their 'interview' with Tony Lynam, I'd say the picture is perhaps brighter than you're painting it. The key words in Mr Fry's statement on the OS are "not yet" satisfied the conditions for Exclusivity, and "currently" not progressed to contract negotiations. Whilst it may well be that Mr Fry is now revisiting the viability of other potential bidders, it seems pretty clear to me from that statement that he has not lost hope of the Pinnacle led bid progressing, and if he was prepared to sign an Exclusivity Agreement with them then surely it was because he believed their 'bid' offered the best chance of securing a sale that would be acceptable to the creditors. I think I'm right in saying that Tony Lynam stated in that Solent piece that two of the backers had walked away from the negotiations when they saw the full extent of the finances required (and I understood that to mean the money perceived to be needed to take the club forward, not just to buy it). However, Mr Fry's statement implied that they are still talking, which would in turn imply that the remaining money men are still intent on reachng a deal (why otherwise would they continue to talk?). If so, then it stands to reason that any remaining backers may have had to redo their sums based upon the loss of any input from those that withdrew. They may also have to make additional arrangements to access funds which would not now be forthcoming from those that walked away. It doesn't matter how rich someone is, putting your hands on cash of the amounts involved here takes more than a visit to the nearest ATM! So, I think Stanley's earlier post in this thread about 'Patience' being the key word is probably the wisest comment I've read today, and one the rest of you would do well to take heed of (however difficult that may be to do!). Of course, it may still all fall apart, in which case if my reading of the situation is anywhere near the truth then you really could be up **** creek without a paddle. Link to comment Share on other sites More sharing options...
monosaint Posted 19 May, 2009 Share Posted 19 May, 2009 I,ve already said that if Leon Crouch has been propping up the club, which BTW is not in administration, he would want to be sure he gets his money back and so I would say that he must feel confident that a deal will get done otherwise why throw money at a lost cause.. Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 19 May, 2009 Share Posted 19 May, 2009 (edited) Who are Smithfield? They're a meat market in London - it's where most of our cr*p players will end up if we go into liquidation & they don't get taken up by Blue Square teams!!! Any chance we can send an ex-director or two there as well.... Edited 19 May, 2009 by Gorgiesaint finding the right retirment home... Link to comment Share on other sites More sharing options...
benjii Posted 19 May, 2009 Share Posted 19 May, 2009 BUt surely if you buy teh club you need to buy a stadium and ideally staplewood which leaves little else - also there is the moral or ethical perspective by taking on the debt and agreeing terms of a CVA its better than simply stumping up a fee and walking away leaving the Administrator to divy up funds - also as I understand it Aviva have firts dabs at SMS because of the loan notes are secured? There will be no CVA. CVA's are a mechanism for exiting administration. The PLC will not exit administration. It is going to be wound up. The administrator is trying to sell the assets owned by the PLC. Link to comment Share on other sites More sharing options...
Barry the Badger Posted 19 May, 2009 Share Posted 19 May, 2009 otherwise why throw money at a lost cause.. Rudi Skacel? Link to comment Share on other sites More sharing options...
aintforever Posted 19 May, 2009 Share Posted 19 May, 2009 There will be no CVA. CVA's are a mechanism for exiting administration. The PLC will not exit administration. It is going to be wound up. The administrator is trying to sell the assets owned by the PLC. What does that mean with regards to the -15 points for not agreeing a CVA? Link to comment Share on other sites More sharing options...
OldNick Posted 19 May, 2009 Author Share Posted 19 May, 2009 I think perhaps you're all so stressed that you're starting to read everything with an unhealthy degree of scepticism. If you analyse the statement by Mr Fry, and add it to the Solent broadcast of their 'interview' with Tony Lynam, I'd say the picture is perhaps brighter than you're painting it. The key words in Mr Fry's statement on the OS are "not yet" satisfied the conditions for Exclusivity, and "currently" not progressed to contract negotiations. Whilst it may well be that Mr Fry is now revisiting the viability of other potential bidders, it seems pretty clear to me from that statement that he has not lost hope of the Pinnacle led bid progressing, and if he was prepared to sign an Exclusivity Agreement with them then surely it was because he believed their 'bid' offered the best chance of securing a sale that would be acceptable to the creditors. I think I'm right in saying that Tony Lynam stated in that Solent piece that two of the backers had walked away from the negotiations when they saw the full extent of the finances required (and I understood that to mean the money perceived to be needed to take the club forward, not just to buy it). However, Mr Fry's statement implied that they are still talking, which would in turn imply that the remaining money men are still intent on reachng a deal (why otherwise would they continue to talk?). If so, then it stands to reason that any remaining backers may have had to redo their sums based upon the loss of any input from those that withdrew. They may also have to make additional arrangements to access funds which would not now be forthcoming from those that walked away. It doesn't matter how rich someone is, putting your hands on cash of the amounts involved here takes more than a visit to the nearest ATM! So, I think Stanley's earlier post in this thread about 'Patience' being the key word is probably the wisest comment I've read today, and one the rest of you would do well to take heed of (however difficult that may be to do!). Of course, it may still all fall apart, in which case if my reading of the situation is anywhere near the truth then you really could be up **** creek without a paddle.Have you spoken to Lynham, if so perhaps you will come back and confirm whether they are still in the frame.Personally i think he has not delivered but you know him and so can give us an update Link to comment Share on other sites More sharing options...
NSS Posted 19 May, 2009 Share Posted 19 May, 2009 Have you spoken to Lynham, if so perhaps you will come back and confirm whether they are still in the frame.Personally i think he has not delivered but you know him and so can give us an update No, haven't spoken to him today, and my post is based purely upon my reading of the statement from Mr Fry on the OS and the piece that Solent broadcast yesterday. My point was that you're all so close and (understandably) emotionally involved in the whole situation that it may be difficult for any of you to be objective about what you see/hear/read. I don't have that emotional attachment so perhaps I read things with a different perspective and, as such, form a more rational opinion of what may actually be meant by such statements. But, as I said, I could be completely wrong. Link to comment Share on other sites More sharing options...
Flyer Posted 19 May, 2009 Share Posted 19 May, 2009 What does that mean with regards to the -15 points for not agreeing a CVA? The FL have decided SFC are in something akin to admin and can punish the club as if it is in admin itself, there will be a -15 if the tax man is owed anything because there will be no CVA if that is the case. Link to comment Share on other sites More sharing options...
smithy Posted 19 May, 2009 Share Posted 19 May, 2009 Exactly. Huge relief compared with the club is doomed feel of the 'not expecting to do' a deal quote. My personal interpretation (NITK!): Pinnacle sounded good to Fry at first but didn't put their money where their mouth was, if indeed they have any money. Now he's not quite back to square 1, but is not expecting pinnacle ever to do the business and has lost patience with them so is touting us to all and sundry again. Interesting, and probably signficant, that he apparently did not have much to do with the Jackson bid even though that reportedly came in first. Whether he now has to take that seriously or this mysterious foreign bid materialises is the next question. Meanwhile Pinnacle can keep kicking the tyres, but if they want to have a full test drive, they'll have to show the cash first. Overall not good news but not yet quite the end of the world. K. That's my interpretation too. Link to comment Share on other sites More sharing options...
SaintDonkey Posted 19 May, 2009 Share Posted 19 May, 2009 Please note when William Wallace was in business England had actually taken Scotland over and made them acknowledge the English king as their Lord. This didnt go down too well with many Scots. So he was a freedom fighter without question. The people that ran both Scotland and England were Normans from France descended from Vikings. They often owned land in both countries. William wallace was not a norman. No need to get your knickers in a twist He also was most likely only second or third generation Scottish. His family came from the West Midlands. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 19 May, 2009 Share Posted 19 May, 2009 Monday morning feels so bad, Ev'rybody seems to nag me Coming Tuesday I feel better, Even my old man looks good, Wednesday just don't go, Thursday goes too slow, I've got Friday on my mind The Easybeats from Australia - reached nos 6 in 1966 - a good year for Saints. Link to comment Share on other sites More sharing options...
docker-p Posted 19 May, 2009 Share Posted 19 May, 2009 (edited) I don't know who smithfield are, but smithfield is the place where terrorists such as William Wallace and Wat Tyler were executed. Wat Tyler was no terrorist. He was a freedom fighter who was double crossed by the lying cheating monarchy of the time. Edited 19 May, 2009 by docker-p Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 19 May, 2009 Share Posted 19 May, 2009 No, haven't spoken to him today, and my post is based purely upon my reading of the statement from Mr Fry on the OS and the piece that Solent broadcast yesterday. My point was that you're all so close and (understandably) emotionally involved in the whole situation that it may be difficult for any of you to be objective about what you see/hear/read. I don't have that emotional attachment so perhaps I read things with a different perspective and, as such, form a more rational opinion of what may actually be meant by such statements. But, as I said, I could be completely wrong. With respect NSS, I find it strange that someone with no "emotional attachment" should bother to post what is a well constructed post on this forum, which at the moment is a refuge for those with far too much emotional attachment. But thanks anyway I think I have learned something... so please don't go away. Link to comment Share on other sites More sharing options...
benjii Posted 19 May, 2009 Share Posted 19 May, 2009 What does that mean with regards to the -15 points for not agreeing a CVA? I've no idea, but unless the football club itself goes into admin it can't have a CVA. If the FL go down the route that the PLC needs one they really are a bunch of ****s. It's a ridiculous rule anyway as it's entirely out of the control of the entity in administration. It's retarded. Link to comment Share on other sites More sharing options...
benjii Posted 19 May, 2009 Share Posted 19 May, 2009 When a deal is agreed, perhaps there's something to be said for the football club going through a pre-pack admin first. It ought to be possible to ensure that a CVA can then be sorted, just in case the FL have some dastardly plan. Mind you, they'll probably retrospectively invent a rule that imposes a 1,000,000,000 point penalty on clubs going through pre-pack admins. Link to comment Share on other sites More sharing options...
OldNick Posted 19 May, 2009 Author Share Posted 19 May, 2009 The Easybeats from Australia - reached nos 6 in 1966 - a good year for Saints. the irony when talking about saints and then that groupname comes up!!! Link to comment Share on other sites More sharing options...
derry Posted 19 May, 2009 Share Posted 19 May, 2009 'IF' the club survives, and doesn't go into administration, (the holding company is in administration but has little debt), the club contains virtually all the debt but won't need a CVA. It is possible the assets would be transferred to the club and the stadium bought. SLH could be wound up. The 10 points could then be a problem for the league as SLH no longer existed, the club is trading and the debts have been sorted. Link to comment Share on other sites More sharing options...
derry Posted 19 May, 2009 Share Posted 19 May, 2009 The Saints are beginning to look like a bargain with debts cleared and the stadium bought for less than £15m including the Staplewood and Jackson's Farm. It is costing Brighton approx £93m for the new stadium. Link to comment Share on other sites More sharing options...
Fowllyd Posted 19 May, 2009 Share Posted 19 May, 2009 The FL have decided SFC are in something akin to admin and can punish the club as if it is in admin itself, there will be a -15 if the tax man is owed anything because there will be no CVA if that is the case. That would only be the case if HMRC were a sufficiently large creditor to block a CVA. For a CVA to be agreed 75% of creditors (by amount of debt) have to OK it. HMRC can oppose a CVA all they like, but to block it they would need to own at least 25% of the debt, which they don't. The main creditors are Aviva and Barclays, so they will get the ultimate say on any CVA. Link to comment Share on other sites More sharing options...
Mole Posted 19 May, 2009 Share Posted 19 May, 2009 Wat Tyler was no terrorist. He was a freedom fighter who was double crossed by the lying cheating monarchy of the time. Fair point. In this instamce i will concede you're right but not in regards to William Wallace. Link to comment Share on other sites More sharing options...
Lets B Avenue Posted 19 May, 2009 Share Posted 19 May, 2009 Just a thought. The reason for the Pinacle bid stalling could have been over the payment of a down payment to keep the club going, that the backers wernt prepared to lose. Leon leaps to the rescue (good man) and assuming the bid is accepted gets a refund. I am no more ITK than 99% of posters, but after hearing what Doggface's new best friend had said last week, I would be very surprised if the bid's backers had buggered off as some on here would have you believe. Link to comment Share on other sites More sharing options...
SaintJackoInHurworth Posted 19 May, 2009 Share Posted 19 May, 2009 Dear Mods, could we PLEASE have an automatic infraction for anyone continuing the who is most to blame from the old guard arguments on THIS thread, so we can keep this for prayers, messages of hope or information on where to send flowers if it doesn't work out ThanksBlack lilies!! I do like the thought of having a prayer thread!!!Surprised no-one has taken up the challenge with that one. Perhaps I can oblige with a prayer for our club to get the 'ball' rolling...(!) Dear Lord, I lift up to you our once proud football club. Lord we bear the name 'Saints' - a description of those that follow you, and so Lord we seek your blessing in place of despair and disgrace. Lord, may this club which stared out as a church project to witness to your name, once more bear witness to your mercy and grace. So Lord, specifically we pray that a good buyer for the club and stadium will be found quickly - someone who will take the club forward and restore its fortunes and with it the fortunes of the City of Southampton. Lord, we ask this in your name, AMEN! Who are Smithfield?Lawyers working for teh club on behalf of BT I believe. No... Smithfield are not lawyers, they are specialist financial consultants. Their specialisms include mergers and takeovers, including football club takeovers and mergers. They were involved in the takeover of Man Utd and are involved in seeking buyers for Arsenal. Why they are involved with Saints I do not know - maybe Fry has brought them in. But with that background in this sort of thing I would guess their involvement is good news! Here's my sources: http://www.burson-marsteller.com/Newsroom/Lists/PressReleases/DispForm.aspx?ID=705&nodename=Press%20Releases%20Archive&subtitle=Burson-Marsteller%20and%20Smithfield%20Enter%20Strategic%20Partnership%20Agreement - it says somewhere in that one about their previous involvement with the takeover of Man Utd. http://www.brandrepublic.com/News/673167/Smithfield-swallows-Gresham-PR/ - That one says about their involvement with Arsenal Link to comment Share on other sites More sharing options...
Third Division South Days Posted 20 May, 2009 Share Posted 20 May, 2009 'IF' the club survives, and doesn't go into administration, (the holding company is in administration but has little debt), the club contains virtually all the debt but won't need a CVA. It is possible the assets would be transferred to the club and the stadium bought. SLH could be wound up. The 10 points could then be a problem for the league as SLH no longer existed, the club is trading and the debts have been sorted. I dont remember how many weeks ago the 10 point penalty was made and although SFC could appeal I thought it was within a certain timescale. Could any appeal fail on those grounds alone? Link to comment Share on other sites More sharing options...
Frank's cousin Posted 20 May, 2009 Share Posted 20 May, 2009 With respect NSS, I find it strange that someone with no "emotional attachment" should bother to post what is a well constructed post on this forum, which at the moment is a refuge for those with far too much emotional attachment. But thanks anyway I think I have learned something... so please don't go away. I have been trying to convert NSS for a while now and to seek treatment for the blue affliction as he is a rather rational and intelligent bloke who is wasted at Fraton Park ;-) Link to comment Share on other sites More sharing options...
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