Frank's cousin Posted 22 May, 2009 Share Posted 22 May, 2009 And we'll all be lonely tonight and lonely tomorrow. Thats sad ..you know teh lyrics to that song...;-) Link to comment Share on other sites More sharing options...
buctootim Posted 22 May, 2009 Share Posted 22 May, 2009 Football club clerks put up signs saying position closed And secretaries turn off typewriters and put on their coats Janitors padlock the gates for security guards to patrol And bachelors phone up their friends for a drink While the married ones turn on a chat show Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 22 May, 2009 Share Posted 22 May, 2009 The longer the deal takes, the greater the chance we will be back here within 2 years. We cannot sell season tickets We cannot get a sqaud sorted out We cannot plan a pre-season And we might end up starting on -25 instead of -10.. Totally agree Alps - but what can be done? From where I'm sat a big fat zero. Which is the most frustrating thing, as I've said before the minus 10 points could turn into double that if the preperations are not done - this is one season when we do not want to start on the back foot - that will happen if things don't get going quickly. The problem is the process (due inthe main to legal stuff IMHO) is just to slow given the sands of time are running out. Link to comment Share on other sites More sharing options...
eelpie Posted 22 May, 2009 Share Posted 22 May, 2009 Totally agree Alps - but what can be done? From where I'm sat a big fat zero. Which is the most frustrating thing, as I've said before the minus 10 points could turn into double that if the preperations are not done - this is one season when we do not want to start on the back foot - that will happen if things don't get going quickly. The problem is the process (due inthe main to legal stuff IMHO) is just to slow given the sands of time are running out. Due mainly to buyers not offering enough and Fry asking for too much. Equals no deal. Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 22 May, 2009 Share Posted 22 May, 2009 Due mainly to buyers not offering enough and Fry asking for too much. Equals no deal. Can't and wouldn't argue with that. Does lead me to ask what is the difference in whats been offered to whats being asked for - is it £1m, £2m or?? Link to comment Share on other sites More sharing options...
Saint Billy Posted 22 May, 2009 Share Posted 22 May, 2009 Totally agree Alps - but what can be done? From where I'm sat a big fat zero. Which is the most frustrating thing, as I've said before the minus 10 points could turn into double that if the preperations are not done - this is one season when we do not want to start on the back foot - that will happen if things don't get going quickly. The problem is the process (due inthe main to legal stuff IMHO) is just to slow given the sands of time are running out. Apart from the -10, whats new! Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 22 May, 2009 Share Posted 22 May, 2009 Apart from the -10, whats new! lol - I know what you mean! Link to comment Share on other sites More sharing options...
Foxstone Posted 22 May, 2009 Share Posted 22 May, 2009 Totally agree Alps - but what can be done? From where I'm sat a big fat zero. Which is the most frustrating thing, as I've said before the minus 10 points could turn into double that if the preperations are not done - this is one season when we do not want to start on the back foot - that will happen if things don't get going quickly. The problem is the process (due inthe main to legal stuff IMHO) is just to slow given the sands of time are running out. I'm afraid the biggest (of many) downsides of being in Administration is that all choices and decisions are removed from us.. There is nothing we can do and We just have to wait in frustration I'm afraid. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 22 May, 2009 Share Posted 22 May, 2009 OK ... we still wait to see if we are sold .... Meantime, back to the Football If it was the Holding Company that went into Admin, that leaves Saints as (currently) still a Football League Club ..... doesn't it ??? I'm sure other Clubs have still fulfilled their League fixtures whilst still in Admin ..... why not us ??? Can someone clarify please ??? Link to comment Share on other sites More sharing options...
alpine_saint Posted 22 May, 2009 Share Posted 22 May, 2009 "It's the End of the World as we know it"? Someone with brains... Link to comment Share on other sites More sharing options...
alpine_saint Posted 22 May, 2009 Share Posted 22 May, 2009 I've just come back from an "open house day" here in Austria. This means the bank have repossessed a house and are selling it to get their money back (unlike in the UK, the defaulting owner is permitted to stay in the house until it is sold). It looks like my wife and I were the only ones to turn up. The bank is demanding a minimum offer of 185000 Euros. What will they do if we offer, say 165000 ? Ignore it just because it hasnt reached their minimum expectation, even if they get no other offers ? Does this all sound familiar ? Because its sounds to me exactly like the SLH/SFC/SMS situation. Greedity creditors expecting too much and playing brinkmanship. I read this week that City bankers are lying low waiting for the hulabaloo to die down before they start playing the no-strings-attached bonus culutre again. Sounds to me that the banking industry has learnt jack-sh*t in the past year.. Link to comment Share on other sites More sharing options...
eelpie Posted 22 May, 2009 Share Posted 22 May, 2009 I've just come back from an "open house day" here in Austria. This means the bank have repossessed a house and are selling it to get their money back (unlike in the UK, the defaulting owner is permitted to stay in the house until it is sold). It looks like my wife and I were the only ones to turn up. The bank is demanding a minimum offer of 185000 Euros. What will they do if we offer, say 165000 ? Ignore it just because it hasnt reached their minimum expectation, even if they get no other offers ? Does this all sound familiar ? Because its sounds to me exactly like the SLH/SFC/SMS situation. Greedity creditors expecting too much and playing brinkmanship. I read this week that City bankers are lying low waiting for the hulabaloo to die down before they start playing the no-strings-attached bonus culutre again. Sounds to me that the banking industry has learnt jack-sh*t in the past year.. Sadly. Politicians too. We are doomed.... Link to comment Share on other sites More sharing options...
J Bizzle Posted 22 May, 2009 Share Posted 22 May, 2009 I've just come back from an "open house day" here in Austria. This means the bank have repossessed a house and are selling it to get their money back (unlike in the UK, the defaulting owner is permitted to stay in the house until it is sold). It looks like my wife and I were the only ones to turn up. The bank is demanding a minimum offer of 185000 Euros. What will they do if we offer, say 165000 ? Ignore it just because it hasnt reached their minimum expectation, even if they get no other offers ? Does this all sound familiar ? Because its sounds to me exactly like the SLH/SFC/SMS situation. Greedity creditors expecting too much and playing brinkmanship. I read this week that City bankers are lying low waiting for the hulabaloo to die down before they start playing the no-strings-attached bonus culutre again. Sounds to me that the banking industry has learnt jack-sh*t in the past year.. Kind of irrelevant the last bit, especially seeing as it wasn't the banks fault for the economic situation we find ourselves in. Blame the ****ing yanks and their poor record keeping of CDOs. Link to comment Share on other sites More sharing options...
eelpie Posted 22 May, 2009 Share Posted 22 May, 2009 Kind of irrelevant the last bit, especially seeing as it wasn't the banks fault for the economic situation we find ourselves in. Blame the ****ing yanks and their poor record keeping of CDOs. No, I blame Margaret Thatcher and their parents. Link to comment Share on other sites More sharing options...
OldNick Posted 22 May, 2009 Share Posted 22 May, 2009 I've just come back from an "open house day" here in Austria. This means the bank have repossessed a house and are selling it to get their money back (unlike in the UK, the defaulting owner is permitted to stay in the house until it is sold). It looks like my wife and I were the only ones to turn up. The bank is demanding a minimum offer of 185000 Euros. What will they do if we offer, say 165000 ? Ignore it just because it hasnt reached their minimum expectation, even if they get no other offers ? Does this all sound familiar ? Because its sounds to me exactly like the SLH/SFC/SMS situation. Greedity creditors expecting too much and playing brinkmanship. I read this week that City bankers are lying low waiting for the hulabaloo to die down before they start playing the no-strings-attached bonus culutre again. Sounds to me that the banking industry has learnt jack-sh*t in the past year.. Id offer 140k and see what happens.You did check the basement I hope Link to comment Share on other sites More sharing options...
iansums Posted 22 May, 2009 Share Posted 22 May, 2009 I've just come back from an "open house day" here in Austria. This means the bank have repossessed a house and are selling it to get their money back (unlike in the UK, the defaulting owner is permitted to stay in the house until it is sold). It looks like my wife and I were the only ones to turn up. The bank is demanding a minimum offer of 185000 Euros. What will they do if we offer, say 165000 ? Ignore it just because it hasnt reached their minimum expectation, even if they get no other offers ? Does this all sound familiar ? Because its sounds to me exactly like the SLH/SFC/SMS situation. Greedity creditors expecting too much and playing brinkmanship. I read this week that City bankers are lying low waiting for the hulabaloo to die down before they start playing the no-strings-attached bonus culutre again. Sounds to me that the banking industry has learnt jack-sh*t in the past year.. Whatever happens Alpine, you will moan about it. You give the impression of being a miserable old sod Link to comment Share on other sites More sharing options...
Cabrone Posted 22 May, 2009 Share Posted 22 May, 2009 I've just come back from an "open house day" here in Austria. This means the bank have repossessed a house and are selling it to get their money back (unlike in the UK, the defaulting owner is permitted to stay in the house until it is sold). It looks like my wife and I were the only ones to turn up. The bank is demanding a minimum offer of 185000 Euros. What will they do if we offer, say 165000 ? Ignore it just because it hasnt reached their minimum expectation, even if they get no other offers ? Does this all sound familiar ? Because its sounds to me exactly like the SLH/SFC/SMS situation. Greedity creditors expecting too much and playing brinkmanship. I read this week that City bankers are lying low waiting for the hulabaloo to die down before they start playing the no-strings-attached bonus culutre again. Sounds to me that the banking industry has learnt jack-sh*t in the past year.. The longer this goes on the weaker Fry looks. He made some deadline demands, the Pinnacle backers then called his bluff and no-one else came forward. My guess is that he's being made to reverse rather sharpish. Link to comment Share on other sites More sharing options...
Polaroid Saint Posted 22 May, 2009 Share Posted 22 May, 2009 No, I blame Margaret Thatcher and their parents. here here! Thatcher, The Parents, The System, and The Man. F**k em all and eat the rich... ...the revolution is coming my friends and St.Mary's will be our new parliment (well, it'll be free on Saturday afternoons for a while at least...) Link to comment Share on other sites More sharing options...
Frank's cousin Posted 22 May, 2009 Share Posted 22 May, 2009 The longer this goes on the weaker Fry looks. He made some deadline demands, the Pinnacle backers then called his bluff and no-one else came forward. My guess is that he's being made to reverse rather sharpish. NO, i susupect he called the deadline demand as at teh time it was made we were 10 days away from paying the next salaries - since then CRouch has made his contribution to stay the execution and 'extend' the deadline - Link to comment Share on other sites More sharing options...
DaintyDave Posted 22 May, 2009 Share Posted 22 May, 2009 Other than the planted stories in the Echo, is there any "evidence" that an offer of 14mil was made and rejected? No, didn't think so, be careful of believing everything you read, especially from "sources close to the group" and then basing sweeping opinions on that. Fry's official update would have included any legitimate formal bid made for the club, and it didn't. The whole "we bid 14m but Fry wants more" is just propaganda. There has been no bid made and nothing for the creditors to consider nor reject yet. Link to comment Share on other sites More sharing options...
doggface Posted 22 May, 2009 Share Posted 22 May, 2009 I know we have had at least one "new" enquiry today. Whether or not it gets off the ground or not I have no idea (it's a bit late in the day?). The consortium is London based & they have been looking @ charlton but have lost the race there apparently. Link to comment Share on other sites More sharing options...
DaintyDave Posted 22 May, 2009 Share Posted 22 May, 2009 Quick test Question 1. Since there is a finite number of people who can afford a club even of our now diminished size, these people are generally a/ On the radar of people like Keith Harris at Seymour Pierce and Mark Fry at Begbies since they will know pretty much the pool or able and interested investors, given it's their job they get well paid for b/ Rich enough that they have employees so if they wanted to buy a British team they would be aware of the opportunities out there, one thinks of the likes of Ambani from India and Kraft from the US, who would know which clubs were on the market and would be positioned to make a direct approach to the likes of MF. c/ Completely ignorant until called out of the blue by a guy who sells them on the idea and then fronts their 'consortium' for them Question 2. Serious buyers of football clubs are represented in discussions with clubs by. . a/ Professional services firms such as Deloitte and Touche (Man City, United), Allen and Overy (Chelsea, Newcastle). b/ Sports advisory boutiques such as Seymour Pierce (Man City 1st time around, Chelsea again), Inner Circle (Liverpool, Derby). or NM Rotschilds (Villa, Coventry). c/ Fans........................................ Question 3. People find out about these bids via. a/ Joint Statements to the Press usually by representatives of club and buyer. b/ Professional PR firms c/ PMs sent to mates who post them on fan forums and snippets in the local paper with unattributed quotes. When I hear in a Press Release BY Mark Fry or the interested party that MF has met with representatives in the form of a professional individual or group such as Deloittes etc then I will start to believe there may be a deal. As long as I continue to hear things off here or through planted statements to the Echo that groups like Pinnacle or Green/Jackson are fronting mystery consortia, I will fear for our club's future. Meantime might be nice if the Joker Brokers could exit stage left to allow MF to focus his time where it matters, i.e. pro-actively going out to groups who are known to be interested in football clubs, rather than waiting for them to come to him as he has done thus far, And posters who "know" about enquiries - seriously, if an enquiry (or inquiry for that matter) was real, you would not know about it, unless you are working for BT which from your join date I assume you are not. Link to comment Share on other sites More sharing options...
Cabrone Posted 22 May, 2009 Share Posted 22 May, 2009 NO' date=' i susupect he called the deadline demand as at teh time it was made we were 10 days away from paying the next salaries - since then CRouch has made his contribution to stay the execution and 'extend' the deadline -[/quote'] Not surprisingly I disagree. He should have talked to Crouch in private. If you set a deadline you'd better be able to back it up. If you can't then you are going to look weak. Friday: Fry: You have got till the end of today to agree to my demands. Pinnacle: OK Monday: Fry: You have got till the end of today to agree to my demands. Pinnacle: OK Tuesday: Fry: Err, you've got another week. Pinnacle: *S******* OK. Unless he's got something up his sleeve he's going to be driven down. Who do you think wants this deal more? Fry or Pinnacle? From Pinnacle's perspective it's a decent acquisition with a fair bit of potential but if it falls through then nothing too bad. They aren't going to be millions out of pocket. From Fry's perspective if he doesn't get a deal the creditors stand to lose a lot of cash and we the fans lose our club after 124 years of existence. It's not his top concern but Fry wouldn't be too popular in Southampton if this fails due to brinkmanship. Pinnacle (and others) can sit and wait and wait, as the days keep on ticking, SFC loses time to prepare for next season and the value will go down further. The bidders aren't mugs. Over to you Mr Fry. Link to comment Share on other sites More sharing options...
SP Saint Posted 22 May, 2009 Share Posted 22 May, 2009 I know we have had at least one "new" enquiry today. Whether or not it gets off the ground or not I have no idea (it's a bit late in the day?). The consortium is London based & they have been looking @ charlton but have lost the race there apparently. Have to say I suspect there will be a few late runners in this race. Pinnacle seem to have fallen at the first hurdle. My guess is that Jackson and Green's bid will falter too. They may have learnt from their past experiences with Barry the Briefcase and the Cherries but I somehow doubt it (sorry Phil). If I was betting I reckon Salz could be worth a punt too. He doesn't strike me as a man who would bid if he didn't have the backers lined up. I think if I was bidding I would leave it as late as possible to show my hand. Link to comment Share on other sites More sharing options...
dubai_phil Posted 22 May, 2009 Share Posted 22 May, 2009 Have to say I suspect there will be a few late runners in this race. Pinnacle seem to have fallen at the first hurdle. My guess is that Jackson and Green's bid will falter too. They may have learnt from their past experiences with Barry the Briefcase and the Cherries but I somehow doubt it (sorry Phil). If I was betting I reckon Salz could be worth a punt too. He doesn't strike me as a man who would bid if he didn't have the backers lined up. I think if I was bidding I would leave it as late as possible to show my hand. No apology needed mate. Link to comment Share on other sites More sharing options...
SP Saint Posted 22 May, 2009 Share Posted 22 May, 2009 No apology needed mate. Cheers - I know you have a soft spot for them and I appreciate that beggars can't be choosers. If they do have the backing good luck to them. Link to comment Share on other sites More sharing options...
OldNick Posted 22 May, 2009 Share Posted 22 May, 2009 unless you are working for BT which from your join date I assume you are not. and your join date was? Link to comment Share on other sites More sharing options...
doggface Posted 22 May, 2009 Share Posted 22 May, 2009 Sp, Pinnacle have not fallen at the first hurdle, if they have fallen (which has yet to be confirmed). It will have been the last hurdle they cannot overcome Cabrone, my knowledge of this take over is limited, however you have no idea what I know. Please don't assume If I post rumour then I will say so, if I know of an inquiry (better?) then I will post that if I want Link to comment Share on other sites More sharing options...
lenwilkins Posted 22 May, 2009 Share Posted 22 May, 2009 Sp, Pinnacle have not fallen at the first hurdle, if they have fallen (which has yet to be confirmed). It will have been the last hurdle they cannot overcome The problem seems to be the £500K which Fry wants them to commit irrevocably before they are allowed to see the books. Is that your assessment doggface? I can't blame them. It seems a big ask. The Administrator risks nothing but the bidder risks throwing away half a million pounds. Even in these inflationary times that buys a lot of holidays. In fact on reflection, they would be dumb to go along with it. imho of course Link to comment Share on other sites More sharing options...
doggface Posted 22 May, 2009 Share Posted 22 May, 2009 I would be surprised if money was the problem, I was told the money was ready to go. I wish I knew what the problem was because with their proposals I was so excited I nearly ruined my pants. Link to comment Share on other sites More sharing options...
TheSaint75 Posted 22 May, 2009 Share Posted 22 May, 2009 The problem seems to be the £500K which Fry wants them to commit irrevocably before they are allowed to see the books. Is that your assessment doggface? I can't blame them. It seems a big ask. The Administrator risks nothing but the bidder risks throwing away half a million pounds. Even in these inflationary times that buys a lot of holidays. In fact on reflection, they would be dumb to go along with it. imho of course That appears to be the crux of it, can't blame them either, if it was refundable then yes, but it doesn't make sense to me being non-refundable! Link to comment Share on other sites More sharing options...
lenwilkins Posted 22 May, 2009 Share Posted 22 May, 2009 I would be surprised if money was the problem, I was told the money was ready to go. I wish I knew what the problem was because with their proposals I was so excited I nearly ruined my pants. LOL well let's hope it's a cat and mouse thing. As fans we need to recognise that Fry is essentially the enemy: The more of any available pot that he realises for the creditors is the less that is available to fund the future of the club. Link to comment Share on other sites More sharing options...
Professor Posted 22 May, 2009 Share Posted 22 May, 2009 And in the meantime, Brighton have found a fan (board member) who is putting £80m of his own money into the club because the banks won't fund their new stadium. Link to comment Share on other sites More sharing options...
TNT Posted 22 May, 2009 Share Posted 22 May, 2009 And in the meantime, Brighton have found a fan (board member) who is putting £80m of his own money into the club because the banks won't fund their new stadium. Interest free loan, but he aint going to see it again lets be honest ! Link to comment Share on other sites More sharing options...
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