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Marc Jackson consortium has moved to due diligence.


derry

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It's classic case of using people. They want respected posters like Nickh to do their dirty work, and play on making them feel ITK and special. This is how the likes of Jackson operate. I'm a disapointed that Nick is falling for it and angry that there are ****s like Jacko that see nothing wrong in behaving like this.

Thanks for that Stanley but nobody is using me but myself(and my wife of course)nobody is asking me to say this or that.I get little bits of info from different areas of my life.

You know of my profession and it is amazing the people that pass through my door (I dont have a photocopier, lol).Iam in no way saying they are indiscreet of course.A lot of clients surprisingly become friends and they are aware of my football / saints obsession.Most are not at all interested but are hunting shooting fishing people but sometimes comment on our club.

Edited by OldNick
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The need for secrecy - OK so no one wants to be associated witha 'failed bid' - I can understand that fans could be dissapointed by a failure BUT this is hat I find a little backward and in some respects limiting and old school about teh way many still do business in this country. If there is fair competeition and yu loose - why the shame, why not be open an up friont about your bid, your 'Manifesto' and your strategy - and if you fail or do due diligence and the figures dont stack up, be able to reveal exactly why - NO one is going to have a ago at someone who honestly feels that following review of contracts etc that their business forecast and models simply dont fit given the resources the bid has... the system as it stands allows for those driven by the desire self publicity driven by ego to join the race only to later with draw and save 'face' by hiding behind either generalised nonsense or NDAs with 'unnamed backers' -.... and its that that fuels the cynicism and sceptics...

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Marc Jackson is fly by night chancer that has absolutely no chance of being part of a deal to buy SFC. That is the top and bottom of it. All he's doing is delaying the sale and costing the club money because of it. Fry won't mind Wacko Jacko doing this as it creates phantom competition, but let's get in the real world - any real bidder will have heard of Jacko and will know what he's all about so will discount him. The sooner Fry realises that using Jacko is a waste of time the better for us, but in the mean time he's convenient for Begbies in that it means the administrators can milk a bit more money out of the situation.

 

I understand your point, especially the part about MJ's past history in such dealings. I too tend to be of the opinion that any respected business person would be reluctant (at best) to be seen to be doing business with MJ based on said history.

 

That said, perhaps they are simply willing to give him just enough rope - and then as happened in the AFCB deal, either reel it in or cut it completley.

 

Apart from facilitating and having some business contacts I really don't see what MJ brings to the table in terms of further involvement. So like you, I too (based on his history) do not see why people would wish to do business with him - but it appears they do. Better hope, in case there are no other deals, that he does his eh?

Edited by Micky
Typos - my grammar and spelling was as bad as MJ's...! ; )
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oh there is a couple on here it would seem think Lowes balls are made of gold and hes mr innocent !

 

What i would ask you as spokesperson for this Jackson guy. Is there any truth in former direcotrs like Andrew Cowen, Mike Richards and Dave Jones returning ? As no Saints would want them involved at SFC ever again either for being part of the clubs demise.

 

Dave Jones hasn't left. It seems he's Mr Teflon when it comes to the blame game but he's stuck solid into the FD chair.

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Yes I can see that Nick has decided to pin his colours firmly to MJs mast (metaphorically speaking of course..!!), but I'm not sure that anybody has their hand up Nicks backside just yet.

 

Nick appears desperate for the deal to be done and like many on here can only see MJ in the frame - let's be honest, either the NDA's are holding firm, or MJ is the only horse in the race. (As DP has alluded to as well - the cavalry do not appear to be charging over the hills just yet).

 

Iam more inclined to ML's bid as he is the only 1 there it worryingly seems.

Iam only 80% confident he will still be there in a weeks time.Perhaps my enthusiasm for us to survive i have put too much in backing/defending him. Fry has more to lose than myself, i have had all the stick in the past.Fry will have the stigma stuck to him that he rode along for a second time a man who had failed before. He has all the paperwork and facts in front of him and is still said to be talking to him according to the Echo.

Lets hope mr A.NOther arrives pretty soon but if he doesnt it was nice knowing you all

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Iam more inclined to ML's bid as he is the only 1 there it worryingly seems.

Iam only 80% confident he will still be there in a weeks time.Perhaps my enthusiasm for us to survive i have put too much in backing/defending him. Fry has more to lose than myself, i have had all the stick in the past.Fry will have the stigma stuck to him that he rode along for a second time a man who had failed before. He has all the paperwork and facts in front of him and is still said to be talking to him according to the Echo.

Lets hope mr A.NOther arrives pretty soon but if he doesnt it was nice knowing you all

 

Nick there is absolutely no shame in backing MJ. Ok I don't rate him at all, many others on here have labelled him a 'Walter Mitty and chancer' (or worse). But at the end of the day - while we talked - he did something, beit constructive or damaging, I believe he has acted in good faith.

 

Mr A N Other, may be there, who knows - but if he ain't, all of us MJ knockers will be changing our tune (and colours) pretty damn rapidly I would think.

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Marc Jackson is fly by night chancer that has absolutely no chance of being part of a deal to buy SFC. That is the top and bottom of it. All he's doing is delaying the sale and costing the club money because of it. Fry won't mind Wacko Jacko doing this as it creates phantom competition, but let's get in the real world - any real bidder will have heard of Jacko and will know what he's all about so will discount him. The sooner Fry realises that using Jacko is a waste of time the better for us, but in the mean time he's convenient for Begbies in that it means the administrators can milk a bit more money out of the situation.

 

 

Slight Flaw Stanley ...... what if Jackson is the "Last Man Standing" out of a starting line up of circa 35 "interested" parties ???:):(

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Sorry, but how do the initials "MJ" fit into Paul Allen buying your club?

 

It was a quote from when MJ first appeared in here (under the LLS moniker).

 

He reckoned that the Paul Allen 'interest' was for real and that we would be bought out within 4-5 days.

 

Like all the other rumours he came out with after that it was complete bullshine!!

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But have they Nick - where is the evidence that this deal is coming with further investment for the club. I'm not knocking MJ's ambition and purpose, but I really do find it incredible that from a starting lot of 35 odd bids - this is where we are now. And it doesn't appear that there are any other real bids about.

 

You cannot blame people for judging MJ. He has history, (as we all do) here on this board, and it is a simple as that. He will be judged on that history - it's human nature unfortunately. I judge everybody here by what they write. Alps, TDD, Stanley, Dalek the whole lot of them.

 

Yes I am happy that we, hopefully, will be saved - but my thoughts and wishes for MJ (as posted elsewhere) remain extant.

 

Indeed! What were the other 30 something hoping to do? Apart from get rubber marks on the toes of their shoes?

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Slight Flaw Stanley ...... what if Jackson is the "Last Man Standing" out of a starting line up of circa 35 "interested" parties ???:):(

 

Then we're going to be liquidated because there is no conceiveable way Jacko would be trusted as a middle man/deal broker.

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FWIW, I have had my opinion of MJ for some time now. Having sent me a PM way before he got heavily involved in all this stuff and his melt down on this site. What I can tell you, is that I know business he was talking about and the clubs he mentioned. However, I would say that his 'view' was wildly exaggerated. Not saying he lied or made stuff up, just that his opinion on certain 'matters' were IMO, extremely over inflated.

 

So, what does this lead me to believe this time? I believe he is involved. I felt that whilst all was quiet, that maybe he' learned his lessons from the Bournemouth debacle. But, we're starting to get these 'snippets' once again and I fear that those MJ insecurities are raising their ugly heads again and he is reaching for the self destruct button. Because, one thing you know, if you've watched this forum and MJ with interest, is that MJ doesn;t go quietly, you see the storm forming in the distance and it starts to roll in. And then, all hell breaks loose! And MJ will spit the dummy and storm off, taking his ball and all.

 

His intentions are pure, I'm sure, however, I tend to disagree with MJ's vision of reality and so am not 100% convinced that this deal will go through, but there is potential. But for the fact that it maybe the only deal on table, I wouldn't even be reading this thread.

 

I am wholly disappointed that Saltz or Davies have not entered the 'race', apparently, they're not even at the track! All this nonsense about them wanting to come in after the horse has bolted is all bluff and nonsense, because the only thing of any worth by that point will be the land value, hence the small offerings. And if they only want to come in, in order to build houses, then it may as well be Lowe!

 

MJ, is the only horse in this race, I just fear that even in a one horse race, the horse won't make it to the finish line! I hope to be proved wrong, because, at the moment, it's MJ or nothing. And seeing how MJ has never delivered, looks like it's nothing or nothing!

 

Devon Loch was a prime example! (I am not ITK about horse racing, honest guv!)

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nice to see in the Echo that Fry is keen to rush through a sale.

 

Thank god he isn't dragging his feet or it could go on for weeks with no sign of significant progress, just pointless deadlines coming and going, and the media fobbed off with rumours.

That would be frustrating if it happened, and would suggest that Fry is racking up a huge bill and achieving nowt, and that would be worrying.

 

But luckily that isn't the case.

 

 

Apparently.

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Thanks for that Stanley but nobody is using me but myself(and my wife of course)nobody is asking me to say this or that.I get little bits of info from different areas of my life.

You know of my profession and it is amazing the people that pass through my door (I dont have a photocopier, lol).Iam in no way saying they are indiscreet of course.A lot of clients surprisingly become friends and they are aware of my football / saints obsession.Most are not at all interested but are hunting shooting fishing people but sometimes comment on our club.

 

 

nick

The old Hunting, Fishing Shooting champagne set...:rolleyes:

 

It crossed my mind that we could turn St Marys into:smt117

 

One end forest with a lake at the Itchen side for easy access for the moat..:cool:.

 

I have done the beating before.:smt117...So let sum of these Pleasant Fluckers know if all else fails...bring back Rupes for guidance on our new project.;)

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nice to see in the Echo that Fry is keen to rush through a sale.

 

Thank god he isn't dragging his feet or it could go on for weeks with no sign of significant progress, just pointless deadlines coming and going, and the media fobbed off with rumours.

That would be frustrating if it happened, and would suggest that Fry is racking up a huge bill and achieving nowt, and that would be worrying.

 

But luckily that isn't the case.

 

 

 

 

Apparently.

 

Yes that 1.4£ million bill we've already run up looks like a snip at half the price really.

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oh there is a couple on here it would seem think Lowes balls are made of gold and hes mr innocent !

 

What i would ask you as spokesperson for this Jackson guy. Is there any truth in former direcotrs like Andrew Cowen, Mike Richards and Dave Jones returning ? As no Saints would want them involved at SFC ever again either for being part of the clubs demise.

 

No idea. And I'm not spokesperson, I know the Lowe answer because I asked Stuart & MJ that same question, a LOT.

 

Stuart spoke to MW once or twice - hope that means he isn't behind the bid

Stuart spoke to LC once or twice - hope that means he isn't behind the bid

 

What I would be more worried about, (on top of the other things I worry about) is Lowe knowing stuff that allowed him to do something outside the admin process. Buying the stadium and becoming landlord or something equally horrific.

 

Because like I keep saying this whole thing is a horrid mess and full of danger

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I understand your point, especially the part about MJ's past history in such dealings. I too tend to be of the opinion that any respected business person would be reluctant (at best) to be seen to be doing business with MJ based on said history.

 

That said, perhaps they are simply willing to give him just enough rope - and then as happened in the AFCB deal, either reel it in or cut it completley.

 

Apart from facilitating and having some business contacts I really don't see what MJ brings to the table in terms of further involvement. So like you, I too (based on his history) do not see why people would wish to do business with him - but it appears they do. Better hope, in case there are no other deals, that he does his eh?

 

Somebody has to make the tea....

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No idea. And I'm not spokesperson, I know the Lowe answer because I asked Stuart & MJ that same question, a LOT.

 

Stuart spoke to MW once or twice - hope that means he isn't behind the bid

Stuart spoke to LC once or twice - hope that means he isn't behind the bid

 

What I would be more worried about, (on top of the other things I worry about) is Lowe knowing stuff that allowed him to do something outside the admin process. Buying the stadium and becoming landlord or something equally horrific.

 

Because like I keep saying this whole thing is a horrid mess and full of danger

 

 

 

Like putting off every prospective bidder ............ he has well over 12 years experience in doing that

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What I would be more worried about, (on top of the other things I worry about) is Lowe knowing stuff that allowed him to do something outside the admin process. Buying the stadium and becoming landlord or something equally horrific.

 

As much as it would annoy me it would be a good investment for him.Salz and LC being his tenants now that would tickle him Im sure.
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Indeed! What were the other 30 something hoping to do? Apart from get rubber marks on the toes of their shoes?

 

But we all know that when there's something 'big' going on, all the little guys and bullshltters come out of the woodwork.

 

I've tendered huge hospital construction contracts before only to have Bob the Builder tender :D

 

Some little guys get off on that :smt102:

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Depends if it's an established fact that BT are on 25K£ a day doesn't it?

55 days at 25K a day is nigh on 1.4 million.

I hope it is half that at present but I always was against this happening so expecting that the club would be shaken so every penny could be extracted.
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It was a quote from when MJ first appeared in here (under the LLS moniker).

 

He reckoned that the Paul Allen 'interest' was for real and that we would be bought out within 4-5 days.

 

Like all the other rumours he came out with after that it was complete bullshine!!

 

He is in good company on here then!!!!!

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Where on earth did you get that figure from?

 

From this venerable forum of course. It has been categorically stated as "FACT" ,well we all know what that means don"t we,that BT's fees amount to 25K£ per day and they've been trying to sort us out for 55 days now. Do the maths 1.375 million.

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From this venerable forum of course. It has been categorically stated as "FACT" ,well we all know what that means don"t we,that BT's fees amount to 25K£ per day and they've been trying to sort us out for 55 days now. Do the maths 1.375 million.

 

There is no way in the world their fees are that high.

 

Is the 25k per day somewhere on this thread or a different one?

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Is it possible that he is on a percentage basis rather than a daily rate?

i.e. "Mr Fry we will pay you (say) 10% of whatever sum you realise for the creditors".

 

Or could he be on a fixed fee?

 

He won't be on fixed fee.

 

He can be on "time costs properly incurred" or as a % of realisations (i.e. the amount of money received for the assets) but not a combination or the two.

 

There is just no way his fees are that much.

 

How long is it that we've been in admin now? Shareholders and creditors should receive a copy of the administrator's proposals within 8 weeks.

 

EDIT: For clarity... the proposals should include the basis of his remuneration.

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He won't be on fixed fee.

 

He can be on "time costs properly incurred" or as a % of realisations (i.e. the amount of money received for the assets) but not a combination or the two.

 

There is just no way his fees are that much.

 

How long is it that we've been in admin now? Shareholders and creditors should receive a copy of the administrator's proposals within 8 weeks.

 

Must be 8 weeks tomorrow or today, From the 2nd April to the 26th May

inclusive is 55 days, so tomorrow makes the 8 weeks,so within means today would technically be the last day for information to go out..

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He won't be on fixed fee.

 

He can be on "time costs properly incurred" or as a % of realisations (i.e. the amount of money received for the assets) but not a combination or the two.

 

There is just no way his fees are that much.

 

How long is it that we've been in admin now? Shareholders and creditors should receive a copy of the administrator's proposals within 8 weeks.

 

EDIT: For clarity... the proposals should include the basis of his remuneration.

Is 'in the next 48hours' a expression that never seems to come to pass, a normal thing in the trade?

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Must be 8 weeks tomorrow or today, From the 2nd April to the 26th May

inclusive is 55 days, so tomorrow makes the 8 weeks,so within means today would technically be the last day for information to go out..

 

Can't remember the exact wording as to whether it has to be sent or received within the 8 weeks...

 

Either way I tend to think of leaving these things to the last possible moment without good reason (and I'm not saying there isn't one) is a bit poor form.

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Is 'in the next 48hours' a expression that never seems to come to pass, a normal thing in the trade?

 

 

Lol.

 

Not really. Normally you don't go around announcing deals until they are actually done.

 

When an administrator is trying to sell a business he often can't give a potential purchaser all of the information that they would like.

 

Often simply becuase he has only been in control for a short period and so doesn't have it.

 

This often brings an element of uncertainty into the equation which complicates negotiations (for both sides).

 

To be fair though deals from administration are usually completed quicker than those in normal circumstances. If this wasn't an administration situation doing at deal from first contact to completion in just 8 weeks would be pretty good going.

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No idea. And I'm not spokesperson, I know the Lowe answer because I asked Stuart & MJ that same question, a LOT.

 

Stuart spoke to MW once or twice - hope that means he isn't behind the bid

Stuart spoke to LC once or twice - hope that means he isn't behind the bid

 

What I would be more worried about, (on top of the other things I worry about) is Lowe knowing stuff that allowed him to do something outside the admin process. Buying the stadium and becoming landlord or something equally horrific.

 

Because like I keep saying this whole thing is a horrid mess and full of danger

 

Forget Lowe its his 'mates' we dont want anywhere near SFC. So that includes Green and Jackson as well.

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