Marc Jackson consortium has moved to due diligence.

[kpturner]

LOL Without a doubt your best post ever. :D:D

...and not even his own work

[Lets B Avenue]

Good God - one would think we are auctioning the crown jewels!!! Wake up and smell the coffee. We are broke and going out of business, and more importantly no one gives a feck - like it not ! The only realistic hope I can see at the moment is MJ and his crew.

 

But go ahead and slate him and when he is gone we can all moan and ***** to our hearts content - instead of watching the beloved Saints !!!!

 

How do you know its "the only realistic hope". Please dont fall for the bullshirt that the echo spins. I wouldnt trust them to sit the right way on a bog seat.

[kpturner]

How do you know its "the only realistic hope". Please dont fall for the bullshirt that the echo spins. I wouldnt trust them to sit the right way on a bog seat.

Which way is that?

[70's Mike]

Have you considered that wacko jacko and his tyre kickers might not have any real money as in the Bournemouth fisco?

 

Yes and i was not promoting his case just pointing out that we are unlikely to have a new owner with pots of money and that the club is going to have to be re built from bottom upwards, as it was in late 50's and early 60's.

We have to forget where we have been over thelast 50 years and start again or we will constantly be at war with owners and managers and players

[monosaint]

Yes and i was not promoting his case just pointing out that we are unlikely to have a new owner with pots of money and that the club is going to have to be re built from bottom upwards, as it was in late 50's and early 60's.

We have to forget where we have been over thelast 50 years and start again or we will constantly be at war with owners and managers and players

 

I agree with this sentiment. We don't have a Paul Allen waiting in the wings. We should take what we can and rebuild from the bottom up and maybe when the recession ends and we are still a viable football club someone stinking rich will come in then and buy us.

[SaintRobbie]

£500K to take the club sounds bloody good piece of work by Fry to move things on.

 

May just be the pressure to expose this consortium as a publicity seeking effort for Marc Jackson?

 

Fry's idea to force a consortium to cough up £500K should leave the final serious bidder exposed this week. Intuitively I don't think it's going to be Marc Jackson's bid, if you think about it its alreay a week or so behind the others entering 'Due Dilligence'.

[ART]

Interesting to see ex Saint Peter Reid leading an overseas London based consortium looking to buy a major English club, thought to be Everton. The Media could be wrong and perhaps they have an interest in Saints as well.

[OldNick]

Interesting to see ex Saint Peter Reid leading an overseas London based consortium looking to buy a major English club, thought to be Everton. The Media could be wrong and perhaps they have an interest in Saints as well.

we couldnt be that lucky could we?

[OldNick]

Interesting to see ex Saint Peter Reid leading an overseas London based consortium looking to buy a major English club, thought to be Everton. The Media could be wrong and perhaps they have an interest in Saints as well.

Where was that reported Art?

[ART]

Where was that reported Art?

 

It's in the News of the World and I noted it elsewhere but don't remember where. Maybe a Google news search for Peter Reid will show more links. He's be a great choice for Saints as Chairman.

 

http://www.newsoftheworld.co.uk/sport/322686/PETER-REID-LAUNCHES-EVERTON-BID-Goodison-legend-aims-to-buy-out-Bill-Kenwright.html

[saintstr1]

It's in the News of the World and I noted it elsewhere but don't remember where. Maybe a Google news search for Peter Reid will show more links. He's be a great choice for Saints as Chairman.

 

http://www.newsoftheworld.co.uk/sport/322686/PETER-REID-LAUNCHES-EVERTON-BID-Goodison-legend-aims-to-buy-out-Bill-Kenwright.html

 

Forget it , He is Everton Through & Through.

[Master Bates]

It's in the News of the World and I noted it elsewhere but don't remember where. Maybe a Google news search for Peter Reid will show more links. He's be a great choice for Saints as Chairman.

 

http://www.newsoftheworld.co.uk/sport/322686/PETER-REID-LAUNCHES-EVERTON-BID-Goodison-legend-aims-to-buy-out-Bill-Kenwright.html

 

Even Sunderland are getting boughted out

 

http://www.people.co.uk/sport/tm_headline=black-cats-take-short-cut-to-top%26method=full%26objectid=21385106%26siteid=93463-name_page.html

[SaintRobbie]

Forget it , He is Everton Through & Through.

 

It is something of a longshot.

[OldNick]

Forget it , He is Everton Through & Through.

A tenuous link is his playing days with us in Branfoots time

[LestWeForget]

A tenuous link is his playing days with us in Branfoots time

 

Terry Hurlock for chairman!

 

Won't take no schitt .... half-time scotch and cigs.... real football!

 

:rolleyes:

[Weston Saint]

£500K to take the club sounds bloody good piece of work by Fry to move things on.

 

May just be the pressure to expose this consortium as a publicity seeking effort for Marc Jackson?

 

Fry's idea to force a consortium to cough up £500K should leave the final serious bidder exposed this week. Intuitively I don't think it's going to be Marc Jackson's bid, if you think about it its alreay a week or so behind the others entering 'Due Dilligence'.

Robbie I think you misunderstand the position.

 

As I understand it there are two parts of due diligence. The first is to look through the information the Administrator provides as to the state of the club, it's finances and future contracted costs (the players contracts). He will not provide such information until he knows the interested party is serious and proves he has the funds. Once they have looked at the information they then make an indicative bid.

 

Because the Administrator will not provide a guarantee that all the information is correct and no hidden shocks the second part, after he has accepted the indicative bid, is to carry out the second due diligence by bringing in forensic accountants and legal team. Cost circa £100,000.

 

What Fry wanted to undertake the second part was a non refundable deposit of £500,000. That has been the stumbling block and no takers.

 

Because of the impass he has now reluctantly granted the second stage to one team but because of the lack of deposit is refusing to give them preferred bidder status meaning he can still talk to others and give them the same opportunities.

 

To say the "Jackson Group", for want of indentification, is behind the due diligence game is wrong. They lead at present. Their worry is paying out such further investigation costs without exclusitivity could mean someone else could come in and do the same possibly rendering their costs as wasted but that is a chance they are taking as time to save the club is fast running out.

 

It is possible the "Pinnacle Group" will return to the table but my understanding reading posts on here is that they suffered a fatal withdrawal of funds from some of their consortia.

 

There is rumour of a "overseas group" but if so why give the "Jackson Group" access?

 

Finally the "Salz" group seem to be keeping a watching brief in case of failure and may be positioning themselves try to step in as the "bid of last resort" Their team is excellent but lack the money of the others.

 

Anyone want to disagee with my view?

[lee_saint]

Hurlock is now a roofer.....for those who care

[LestWeForget]

Hurlock is now a roofer.....for those who care

 

I know ... still don't know how he hasn't fallen off yet. Never seen the man sober LOL

[ottery st mary]

...and not even his own work

 

 

All my own hard work and some b'aaastards have already copied it.....shame on them[-X

 

Wait til I get hold of the little schitts.

[lee_saint]

I know ... still don't know how he hasn't fallen off yet. Never seen the man sober LOL

 

Total hero, I expect he's off to Wembley today.

[SP Saint]

Robbie I think you misunderstand the position.

 

As I understand it there are two parts of due diligence. The first is to look through the information the Administrator provides as to the state of the club, it's finances and future contracted costs (the players contracts). He will not provide such information until he knows the interested party is serious and proves he has the funds. Once they have looked at the information they then make an indicative bid.

 

Because the Administrator will not provide a guarantee that all the information is correct and no hidden shocks the second part, after he has accepted the indicative bid, is to carry out the second due diligence by bringing in forensic accountants and legal team. Cost circa £100,000.

 

What Fry wanted to undertake the second part was a non refundable deposit of £500,000. That has been the stumbling block and no takers.

 

Because of the impass he has now reluctantly granted the second stage to one team but because of the lack of deposit is refusing to give them preferred bidder status meaning he can still talk to others and give them the same opportunities.

 

To say the "Jackson Group", for want of indentification, is behind the due diligence game is wrong. They lead at present. Their worry is paying out such further investigation costs without exclusitivity could mean someone else could come in and do the same possibly rendering their costs as wasted but that is a chance they are taking as time to save the club is fast running out.

 

It is possible the "Pinnacle Group" will return to the table but my understanding reading posts on here is that they suffered a fatal withdrawal of funds from some of their consortia.

 

There is rumour of a "overseas group" but if so why give the "Jackson Group" access?

 

Finally the "Salz" group seem to be keeping a watching brief in case of failure and may be positioning themselves try to step in as the "bid of last resort" Their team is excellent but lack the money of the others.

 

Anyone want to disagee with my view?

 

That's more or less my understanding too Weston.

 

I think there could be more to the Salz bid though. Morph has now said on here that Crouch is involved in his group. I suspect that they expect the others to drop out and the asking price to fall, at which stage they will step in.

[SaintRobbie]

Robbie I think you misunderstand the position.

 

As I understand it there are two parts of due diligence. The first is to look through the information the Administrator provides as to the state of the club, it's finances and future contracted costs (the players contracts). He will not provide such information until he knows the interested party is serious and proves he has the funds. Once they have looked at the information they then make an indicative bid.

 

Because the Administrator will not provide a guarantee that all the information is correct and no hidden shocks the second part, after he has accepted the indicative bid, is to carry out the second due diligence by bringing in forensic accountants and legal team. Cost circa £100,000.

 

What Fry wanted to undertake the second part was a non refundable deposit of £500,000. That has been the stumbling block and no takers.

 

Because of the impass he has now reluctantly granted the second stage to one team but because of the lack of deposit is refusing to give them preferred bidder status meaning he can still talk to others and give them the same opportunities.

 

To say the "Jackson Group", for want of indentification, is behind the due diligence game is wrong. They lead at present. Their worry is paying out such further investigation costs without exclusitivity could mean someone else could come in and do the same possibly rendering their costs as wasted but that is a chance they are taking as time to save the club is fast running out.

 

It is possible the "Pinnacle Group" will return to the table but my understanding reading posts on here is that they suffered a fatal withdrawal of funds from some of their consortia.

 

There is rumour of a "overseas group" but if so why give the "Jackson Group" access?

 

Finally the "Salz" group seem to be keeping a watching brief in case of failure and may be positioning themselves try to step in as the "bid of last resort" Their team is excellent but lack the money of the others.

 

Anyone want to disagee with my view?

 

Thanks Weston - useful summary. I have been away in sunnier climes this week so a little out of the detail.

 

Bottom line is that Fry seems to still be keeping the dealing close to his chest regardless of the odd slip of info. I have a feeling that we may all be surprised with the final owners - fact is noone posting here really seems to know exactly whats happening... which is arguably a good sign.

[SaintRichmond]

Hurlock is now a roofer.....for those who care

 

 

From Hoofer to Roofer ........ subtle career change ........

[SaintRobbie]

That's more or less my understanding too Weston.

 

I think there could be more to the Salz bid though. Morph has now said on here that Crouch is involved in his group. I suspect that they expect the others to drop out and the asking price to fall, at which stage they will step in.

 

 

To be honest - its in our best interest to hope for Fry's price to fall. The lower he sells the more money available for team investment.

[SaintRichmond]

Thanks Weston - useful summary. I have been away in sunnier climes this week so a little out of the detail.

 

Bottom line is that Fry seems to still be keeping the dealing close to his chest regardless of the odd slip of info. I have a feeling that we may all be surprised with the final owners - fact is noone posting here really seems to know exactly whats happening... which is arguably a good sign.

 

 

 

.... Fred Karno & Associates ????

[SaintRobbie]

.... Fred Karno & Associates ????

 

ABLowe lol !

[Delmary]

Leon is very much in with the Salz Consortium.

 

Kind Regards

 

 

Morph

Salz has been busy trying to find investors (from Echo 14th May 2009):

 

http://www.dailyecho.co.uk/search/4370018.BBC___s_former_chief_fights_Saints____cause/

[Lord Duckhunter]

We have to forget where we have been over thelast 50 years and start again or we will constantly be at war with owners and managers and players

 

This is a great point and something I've ben thinking fow a while. Even Leeds with Ken Bates money and massive attendances are fast becoming an established League 1 team. My fears are that we constantly change Managers and owners, posioning the Club with demands of an instant return to the CCC, and also talk of 5 year plans for Prem ect.My fear is that the people needed on and off the pitch to staedy the ship and rebuild, will not be given time to rebuild the Club.We need to judge the people coming in against what we are now, than against what we've been the past generation.

 

My opinion is we need a sustainable steady rebuild of the Club to make us attractive to someone with money once economy starts to look up again.

[SaintRichmond]

ABLowe lol !

 

 

Are you trying to put words in my mouth ????

[LostBoys]

17% of clubs in administration are found to have financial irregularities, I expect us to add to that percentage. I am fully prepared to start next season on -25 points or worse.

 

I would be surprised if only because SFC had Plc status. David Jones has been accused of a large number of things and in particular his failure to stand up to the worst expenditure excesses because he is a 'yes' man but it is unfair to accuse him of irregularities.

 

We are in this position because you can only afford a Prem stadium costs in the Prem and we have spent ridiculous amounts of money in fees and salaries on some very mediocre and underperforming players and if you like directors.

 

Having said that it was posted/reported that SFC were in hock to Barclays but that HM Revenue and Customs and small creditors were paid up to date and it may not be so. For that Mr Jones has to carry the can as it meant that we were effectively insolvent considerably earlier than the administator being appointed depending on the extent of the arrears.[-X

[Verbal]

Exit2,

 

The chances of Jackson taking over our club are non existent.

 

Do you really think that they will raise the £14 million that Fry is demanding ?

 

Does anyone think that Leon would finance us in the anticipation of Jackson taking over ?

 

I don't think so.

 

 

Regards

 

 

Morph

 

Morph,

 

I’m sure you don’t need a lecture about what’s at stake here. But I just want to be sure…

 

Both sides in the argument about MJ are essentially right: we're at the last chance saloon and anything is better than annihilation; and MJ's track record leads many to think he may actually hasten that annihilation.

 

The problem is that MJ's modus operandum, it seems to me, is not to build consortia on the basis of trust, but to act as a kind of middle-man who in effect says: let me talk to these guys and I'll get you the best price - you then decide whether you want to pay it.

 

He's been here before, of course. At Bournemouth, he got all the way to due diligence, but found he had to pay for it himself. He lost a small fortune (probably a big one for him). His backers were, in the end, nowhere to be seen, and it sent AFCB into a tailspin.

 

With Aviva's AND the Football League's hands hovering over the nuclear button, there is absolutely no margin for error. If MJ misjudges either his backers or Aviva, I dread to think of the consequences.

 

Equally, Morph, if you’re now officially (on here, at least) throwing Salz’s hat into the ring, I would hope and expect that you wouldn’t have done that recklessly – and that we can be confident that Salz will ride in and save the club, if we suddenly find MJ flaming out in a blaze of embarrassing TV interviews.

 

That’s right, Morph? Isn’t it?

[SP Saint]

...

Equally, Morph, if you’re now officially (on here, at least) throwing Salz’s hat into the ring, I would hope and expect that you wouldn’t have done that recklessly – and that we can be confident that Salz will ride in and save the club, if we suddenly find MJ flaming out in a blaze of embarrassing TV interviews.

 

That’s right, Morph? Isn’t it?

 

I don't want to speak for Morph but he has said before that Salz is waiting in the wings or words to that effect, only the Crouch involvement was new.

[Block 5]

I was wondering if Morph's assertions that Salz is fronting a bid of last resort have any basis in fact or are they merely the result of reading the Echo whilst imagination runs at warp factor 10.

 

No disrespect to you Morph. You are a much valued and respected poster on this forum.

All IMHO of course.

 

PS. What are the references to loo roll about?

Seemed like a bit of a dig. Is Morph in charge of loo roll procurement at the council?

[SaintRichmond]

I was wondering if Morph's assertions that Salz is fronting a bid of last resort have any basis in fact or are they merely the result of reading the Echo whilst imagination runs at warp factor 10.

 

No disrespect to you Morph. You are a much valued and respected poster on this forum.

All IMHO of course.

 

PS. What are the references to loo roll about?

Seemed like a bit of a dig. Is Morph in charge of loo roll procurement at the council?

 

 

Loo Rolls is a USA Blues singer ..........:)

[redder freak]

£500k sounds like a reasonable deposit to show that they mean business and aren't 'men of straw'. If you want to buy a car, a house or a holiday you usually have to put a substantial non-returnable deposit down in advance.

[ottery st mary]

Looking at Loo Rolls etc communication and misunderstanding words.

 

This is a perfect example.

 

 

 

Harro?

 

An Aussie refuse collector is going along a street picking up the wheelie bins and emptying them into his dustcart.

 

He goes to one house where the bin hasn't been left out, so he has a quick look for it, goes round the back of the house, but still can't see it. So, against the rules but in the spirit of kindness, he knocks on the door.

 

There's no answer.

 

Being a kindly and conscientious bloke, he knocks again - much harder.

 

Eventually a Japanese bloke comes to the door. 'Harro!' says the Japanese chappie.

 

'Gidday, mate! Where's ya bin?' asks the collector

 

'I bin on toiret' explains the Japanese bloke, a bit perplexed.

 

Realising the little foreign fellow had misunderstood him, the bin man smiles and tries again. 'No mate, where's your dust bin?'.

 

'I dust been to toiret, I toll you!'' says the Japanese man - still perplexed.

 

'Listen,' says the collector. 'You're misunderstanding me. Where's your wheelie bin?'

 

'Ok. Ok ' replies the Japanese man with a sheepish grin. ' I wheelie bin having sex wirra wife's sister........!'

[SaintRichmond]

Looking at Loo Rolls etc communication and misunderstanding words.

 

This is a perfect example.

 

 

 

Harro?

 

An Aussie refuse collector is going along a street picking up the wheelie bins and emptying them into his dustcart.

 

He goes to one house where the bin hasn't been left out, so he has a quick look for it, goes round the back of the house, but still can't see it. So, against the rules but in the spirit of kindness, he knocks on the door.

 

There's no answer.

 

Being a kindly and conscientious bloke, he knocks again - much harder.

 

Eventually a Japanese bloke comes to the door. 'Harro!' says the Japanese chappie.

 

'Gidday, mate! Where's ya bin?' asks the collector

 

'I bin on toiret' explains the Japanese bloke, a bit perplexed.

 

Realising the little foreign fellow had misunderstood him, the bin man smiles and tries again. 'No mate, where's your dust bin?'.

 

'I dust been to toiret, I toll you!'' says the Japanese man - still perplexed.

 

'Listen,' says the collector. 'You're misunderstanding me. Where's your wheelie bin?'

 

'Ok. Ok ' replies the Japanese man with a sheepish grin. ' I wheelie bin having sex wirra wife's sister........!'

 

 

Very good ...... do you remember a singer called Nosmo King ??? .. True

[Weston Saint]

£500k sounds like a reasonable deposit to show that they mean business and aren't 'men of straw'. If you want to buy a car, a house or a holiday you usually have to put a substantial non-returnable deposit down in advance.

But you look at it first with your own eyes not rely on the Estate Agent or Car Salesman telling you how good it is. Same thing here. Due diligence then the £500,000 non returnable deposit in advance of full exchange of contracts.

[Give it to Ron]

So if Salz and co dont have the money to buy now ...why not join in with Pinnacle and be twice as strong?

Unless Morph is spinning everyone a line on here and there is no money at all in either consortium and just spinning everyone along?

[gary r]

differnce is your can drive and give the car a good looking over ,before your put your

[OldNick]

So if Salz and co dont have the money to buy now ...why not join in with Pinnacle and be twice as strong?

Unless Morph is spinning everyone a line on here and there is no money at all in either consortium and just spinning everyone along?

because I assume they dont want to really be involved or they only want to work by themselves or tyrekickers.

How many weeks have they had to try and get something organised, 80 odd ?

Morph said that they were waiting to be invited to make a bid Lol. Do they think Fry is going to around all people who have ever made an interest known? People scoff at MJ but to think that makes me think they are Mickey Mouse

[Master Bates]

differnce is your can drive and give the car a good looking over ,before your put your

 

:smt117 :confused:

 

Babelfish translation:

 

Difference is, you can drive the car and give it a good looking over before you buy it.

 

????????????

[hypochondriac]

:smt117 :confused:

 

Fill in the blanks? A comprehension exercise?

[Weston Saint]

because I assume they dont want to really be involved or they only want to work by themselves or tyrekickers.

How many weeks have they had to try and get something organised, 80 odd ?

Morph said that they were waiting to be invited to make a bid Lol. Do they think Fry is going to around all people who have ever made an interest known? People scoff at MJ but to think that makes me think they are Mickey Mouse

Knowing many who are in the Salz camp don't knock them. They are passionate Saints Supporters. They are very successful business men. Their skills are sought after particularly in the UK and they have no need to work if they do not want to. Their only weakness is the inability to be able, themselves, to commit enough money to Saints to make them front runners to purchase from the Administrator. They will not waste his time (as tyre kickers tend to do). They had preliminary talks the week we went into Admin. I suspect Fry has them within his radar should all else fail.

 

Morph will know doubt put me right if I am wide of the mark.

[wireframebox]

£500k sounds like a reasonable deposit to show that they mean business and aren't 'men of straw'. If you want to buy a car, a house or a holiday you usually have to put a substantial non-returnable deposit down in advance.

 

I would imagine a deposit could be refunded if what you are putting it on turns out to be not as described? ie. put your money where you mouth is!

[hypochondriac]

I would imagine a deposit could be refunded if what you are putting it on turns out to be not as described? ie. put your money where you mouth is!

 

Nope it's non refundable! Who is going to risk that finance with zero chance of a return?

[OldNick]

Knowing many who are in the Salz camp don't knock them. They are passionate Saints Supporters. They are very successful business men. Their skills are sought after particularly in the UK and they have no need to work if they do not want to. Their only weakness is the inability to be able, themselves, to commit enough money to Saints to make them front runners to purchase from the Administrator. They will not waste his time (as tyre kickers tend to do). They had preliminary talks the week we went into Admin. I suspect Fry has them within his radar should all else fail.

 

Morph will know doubt put me right if I am wide of the mark.

so they might be but I have lost my faith in them due to the time they have been sniffing around.If they are the only hope I will support them

[4737_carlin]

Well i am very concerned to read about this Jackson and Green duo. Having now seen this 'trican sports' set up involving a fraudster. They are the last people i want anywhere near Saints. Is there any more info around regarding this deception to look like another company ? I would much prefer to have proper proffesional people running the club. This Tony Salz fella seems exactly what we need right now. We need a solid foundation and not some arthur daley types running the club into League 2.

[wireframebox]

Nope it's non refundable! Who is going to risk that finance with zero chance of a return?

 

So if I put a 'Fully functional Ferrari' for sale and ask that someone puts down a non-refundable deposit down to test drive the car prior to buying. They put down the money and test drive the car and it turns out that the car is actually a Toyota MR2 with a Ferrari shaped chassis plonked on top of it... they are not entitled to their money back?

[Give it to Ron]

Knowing many who are in the Salz camp don't knock them. They are passionate Saints Supporters. They are very successful business men. Their skills are sought after particularly in the UK and they have no need to work if they do not want to. Their only weakness is the inability to be able, themselves, to commit enough money to Saints to make them front runners to purchase from the Administrator. They will not waste his time (as tyre kickers tend to do). They had preliminary talks the week we went into Admin. I suspect Fry has them within his radar should all else fail.

 

Morph will know doubt put me right if I am wide of the mark.

 

Which again makes me wonder why they havnt joined up with another consortium who it sounds like would be greatly enhanced by their skill.

Like Nick I am just baffled why its taking them so long when they were in far better position than anyone else given Crouchs knowledge.