Marc Jackson consortium has moved to due diligence.

[miserableoldgit]

I think, strictly speaking, the only person to put his money where his mouth is so far is Leon Crouch, who is part of the Salz consortium, if Morph is to be believed.

 

One of the few facts of which we're certain is that MJ's party baulked at the upfront payment of £500,000. Whether they did this for tactical reasons, or simply couldn't afford it, it hardly amounts to putting their money where their mouth is, does it? The only costs they're currently incurring would be accountants' fees for due diligence, which may or may not lead to their confirming their bid.

 

Like you and everyone else, I hope there's a club still standing at the end of this.

 

(Last post of the day - damn this 3 posts limit!)[/quote]

Put your money where your mouth is and pay your fiver!

[aintforever]

Is this £500k deposit thingy usual practice when a business goes into admin?

I can understand that the administrator wants some commitment from the potential buyer but having to pay a non refundable £500k just to get access to the books is a bit rich,especially if you don't like what you see and decide it's not for you.

 

That 500k thing does look dodgy, it would give any consortium involving Lowe a clear advantage.

[OldNick]

That 500k thing does look dodgy, it would give any consortium involving Lowe a clear advantage.

It ,ight as he would know the mess the club was in but LC would as well

[Viking Warrior]

JUst back from a good day of golf and decided to get up to speed on the take over stuff. Its interesting that the usual cohorts continue to make sniping comments towards the rank xerox man.

 

Or is it a case the agents of bidder xyz are trying to smoke out who is involved with the fax man????

 

Oddly enough I heard a rumour a few weeks ago that Mssrs saltz and co were waiting for the bargainn basement sale to begin so they could get the club on the cheap. I dismissed it at the time as Mr Saltz is a well respected

individual. but the comment has resurfaced. It could be true but then again it could be others parties trying to determine where saltz and pepper lie in the equation.

 

The burning question for me though is , what do I say to my boss tomorrow as he is a fanatic newk fan, Might be prudent to keep wel away from them tomorrow.

[St Chalet]

From what I have read about Salz and judging by his background you would imagine that his commercial acumen would knock our friend LLS' into a ****ed hat, not that I think Marc Jackson involvement would be anything other than 'business strategist'.

 

Perhaps, and just perhaps, the said parties are waiting for a liquidation of the assets.......

 

You would imagine that Aviva would have first charge on the stadium which may see them lease back to a club needing a 32,000 seater stadium or sell to the council as mooted on here. It is acknowledged that the majority of the debt is acrued here.

 

That would leave the Football Club (an asset on SLH not itself in administration despite what the nobbers at the football league would have us believe) up for sale, I would imagine that the purchase of that could still be at a fair whack but without the millstone around the neck of a £25m mortage. I wonder which entity the player contracts are held against?

 

Then again, I am not an M&A expert.

Edited 24 May, 2009 by St Chalet

[dubai_phil]

Thanks Art for updating Artovision.

 

I'm still in wait mode, but some fun on here this evening.

 

The one thing I do lol about though is how even though I have mentioned it more than once, Morph's posts and the Salz supporters seem to have been making a tactical error worse than that of Lowe's Dutch Revolution by thinking they are up against a photo copier salesman. Jeez guys, that is page one of Sun Tzu FFS, so much for their supposed business acumen. Forget the cosy club you formed sort your cr*p out and save the club

 

Anyway enjoy Bank Holiday, shame only a few hundred fans were interested in trying to raise money at SaintsAid yesterday, too busy finding new ways to slag off our only atcual bidders at the moment rather than finding ways to save the club.

 

The Salz strategy all but guarantees us an extra -15 point penalty next season if SFC is not sold as a going concern. To do THAT there are certain billls that HAVE to be paid which reflect the price that Fry wants, one pound and help from the council won't do it

[Weston Super Saint]

The one thing I do lol about though is how even though I have mentioned it more than once, Morph's posts and the Salz supporters seem to have been making a tactical error worse than that of Lowe's Dutch Revolution by thinking they are up against a photo copier salesman. Jeez guys, that is page one of Sun Tzu FFS, so much for their supposed business acumen.

 

LOL.

 

If LLS has been building up his 'disguise' this last couple of years, then I'll be the first to admit that it is f&*king genius!!! Fooled everyone for sure!!

[St Chalet]

Thanks Art for updating Artovision.

 

I'm still in wait mode, but some fun on here this evening.

 

The one thing I do lol about though is how even though I have mentioned it more than once, Morph's posts and the Salz supporters seem to have been making a tactical error worse than that of Lowe's Dutch Revolution by thinking they are up against a photo copier salesman. Jeez guys, that is page one of Sun Tzu FFS, so much for their supposed business acumen. Forget the cosy club you formed sort your cr*p out and save the club

 

Anyway enjoy Bank Holiday, shame only a few hundred fans were interested in trying to raise money at SaintsAid yesterday, too busy finding new ways to slag off our only atcual bidders at the moment rather than finding ways to save the club.

 

The Salz strategy all but guarantees us an extra -15 point penalty next season if SFC is not sold as a going concern. To do THAT there are certain billls that HAVE to be paid which reflect the price that Fry wants, one pound and help from the council won't do it

 

Are you saying they have genuinely put Jackson as part of the bid to deliberately dis-arm other bidders? Genius if so, suggest they add Barry the Briefcase for full effect.

[dubai_phil]

Are you saying they have genuinely put Jackson as part of the bid to deliberately dis-arm other bidders? Genius if so, suggest they add Barry the Briefcase for full effect.

 

lol could be the first wise poster for weeks

 

OK, one thing I do know and have been trying to point out over the past few days, they may well be using some professionals with specific skill sets. But nobody ever listens

 

And meanwhile as I keep saying there is a LONG way to go, the negotiations to get to this point and the paperwork and research has been immense, but there is STILL a lot of problems and dangers out there, whether buried in desk drawers at SMS or in the pockets of Agents.

 

We wait and see. Like everyone else I really hope that one of those yachts parked down in Monaco today turns up in the Itchen on Tuesday morning, if it doesn't then we have to go with what we have which is Salz as a back up OR wait and see what happens with MJ if or when they go to preffered bidder and pay the deposit and the backers get announced.

 

Like others have mentioned, Jacko won't have the money to pay for the costs of this second Due Dilligence, so again I suggest we ask where does THAT come from?

[Morph]

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.

 

Ron,

 

You are spot on with what you say. Salz has assembled a really great team who are all passionate Saints fans who are all renowned business people who, in the main, have earned their reputations away from Southampton. The problem they have is that they are not prepared to raise the amount of money that Fry is demanding and others seem to be raising for the purchase of the Club. They want to use their money to take our Club forward not give it all to the Administrator.

 

My concerns on the Jackson bid is regarding their ability to take the club forward having bought the club for what some would consider to be an inflated price. If they can, all well and good, but those are my reservations.

 

All IMHO of course.

 

Regards

 

 

Morph

[Morph]

lol could be the first wise poster for weeks

 

OK, one thing I do know and have been trying to point out over the past few days, they may well be using some professionals with specific skill sets. But nobody ever listens

 

And meanwhile as I keep saying there is a LONG way to go, the negotiations to get to this point and the paperwork and research has been immense, but there is STILL a lot of problems and dangers out there, whether buried in desk drawers at SMS or in the pockets of Agents.

 

We wait and see. Like everyone else I really hope that one of those yachts parked down in Monaco today turns up in the Itchen on Tuesday morning, if it doesn't then we have to go with what we have which is Salz as a back up OR wait and see what happens with MJ if or when they go to preffered bidder and pay the deposit and the backers get announced.

 

Like others have mentioned, Jacko won't have the money to pay for the costs of this second Due Dilligence, so again I suggest we ask where does THAT come from?

 

Phil,

 

You seem to be implying that the people behind Jackson are the people with money.

 

I hope you are right because I believe they are paying alot of money to buy the Club and question if they have sufficient funds to take us forward.

 

If they do then all well and good.

 

Are you confident in their ability to take us forward ?

 

Regards

 

 

Morph

[St Chalet]

Ron,

 

You are spot on with what you say. Salz has assembled a really great team who are all passionate Saints fans who are all renowned business people who, in the main, have earned their reputations away from Southampton. The problem they have is that they are not prepared to raise the amount of money that Fry is demanding and others seem to be raising for the purchase of the Club. They want to use their money to take our Club forward not give it all to the Administrator.

 

My concerns on the Jackson bid is regarding their ability to take the club forward having bought the club for what some would consider to be an inflated price. If they can, all well and good, but those are my reservations.

 

All IMHO of course.

 

Regards

 

 

Morph

 

Very interesting point. The difference betwen someone who can afford to buy a Ferrari and someone who can afford to buy and run one.

 

If one of the consortia pays over the odds or drives one of their rival bidders price up there will be less in the kitty to rebuild.

[Mole]

Jacko's plans remind me of Hitler ordering his army to push on to Stalingrad. They could get there alright, but once they got there they were ****ed.

[The Rover]

Forget the cosy club you formed sort your cr*p out and save the club

 

Anyway enjoy Bank Holiday, shame only a few hundred fans were interested in trying to raise money at SaintsAid yesterday, too busy finding new ways to slag off our only atcual bidders at the moment rather than finding ways to save the club.

 

The Salz strategy all but guarantees us an extra -15 point penalty next season if SFC is not sold as a going concern. To do THAT there are certain billls that HAVE to be paid which reflect the price that Fry wants, one pound and help from the council won't do it

 

I'm sure that most fans want whatever is the best for the club Phil.

 

Unfortunately we don't actually know who is behind Jackson and Green,although you presumably do since you're convinced they have the funds required . I don't suppose any of us know the details of Salz's strategy either, unlike yourself who are writing him off already.

 

I can't quite understand why you are so dismissive of anyone who isn't Jackson and Green unless you have an involvement yourself. I know you said that Green bought you a pint or two of Magners but even so...

[RinNY]

If Salz and his allies appear to be suggesting that they're in but only at a bargain-basement price, this doesn't mean they're poor necessarily. And given Salz's connections (including the very locally connected Rothschild family), the very idea seems a bit odd.

 

But I'd be surprised to see them make any kind of move until the MJ bid - and any other bid that might be out there - falls apart. Salz's people clearly want to avoid a bidding war - which is likely in the long run to be bad for the club - but seem very secure in their certainty that the MJ bid is rubbish.

 

All of which we're all going to have to wait longer than we can probably stand before we know whether we still have a football team to support.

 

Salz and his allies? I notice a number of posts on this thread suggesting that Salz and some anonymous group of allies/backers are in play to potentially take Saints over, but I'd like to know what factual basis, what evidence there is, for this notion?

 

Salz has supposedly been working on investment for Saints since Crouch's brief chairmanship at least, and the result has been: nothing! There is, so far as I have seen, not the faintest hint from the adfministrators that any group of which Salz is some sort of Facilitator/figurtehead is in play. Fry has, so far as news reports are to be trusted, only three groups who have shown any serious intention: the Pinnacle group (which so far as I know doesn't involve Salz), the Jackson/Green group (which certsainly doesn't incolve Salz), and the "mystery overseas" group (but Salz and his contacts are nor, surely, "overseas").

 

So why are people trailing the Salz red herring across this topic?? If Salz had even the remotest interest/ability/contacts to do anything for Saints other than show up to games and sit in the directors' box (though not a director), he has had more than enough time and opportunity to do so and has in fact done, to all appearance, jacksh*t! Sure, by all accounts Salz has wealthy friends: but if those wealthy friends had even the slightest interest in putting some of that wealth to use saving SFC, there has been no sign of it. Face facts: Salz's friends DO NOT CARE ABOUT SAINTS!

 

If someone really knows different, give us some facts, but for chrissakes stop muddying the waters with this vague bullsh*t about Salz waiting in the wings for the "right time" to save Saints. The right time has come and gone, and Salz has shown NOTHING, NOTHING, I repeat NOTHING!!!!!!

 

Sheesh!

[aintforever]

and the "mystery overseas" group (but Salz and his contacts are nor, surely, "overseas").

 

Salz could never possibly know someone from a different country, are these people are crazy. I mean how, could anyone possibly know someone else who lives abroad.

[RinNY]

Salz could never possibly know someone from a different country, are these people are crazy. I mean how, could anyone possibly know someone else who lives abroad.

 

My, you don't bother to read, do you? My words "Salz and his contacts are not overseas, are they?" You see how I include Salz's contacts there? How I doubt that his contacts are overseas, but by putting it as a question, allow for the possibility for anyone who is bigging up Salz -- if they REALLY know something, rather than just trying to sound important -- to correct me?

 

You, on the other hand, since you criticise without bothering to read the words you are criticising, are clearly just a fool.

 

The question is: is Salz behind/involved with one of the three known consortia bidding or preparing to bid for Saints? Indications are he is not. Then what possible reason, other than wanting to sound important/knowledgeable, does anyone have for bringing him up? In 3 years and more he has done NOTHING for Saints.

 

And by reasons for bringing him up, I don't mean something someone whose name cannot be mentioned heard from someone else whose name cannot be mentioned about what someone else again claimed to know. I mean actual information. Because I have to say the empty speculation quotient on this board would sink a battleship, indeed a fleet of battleships!

[Thedelldays]

Jacko's plans remind me of Hitler ordering his army to push on to Stalingrad. They could get there alright, but once they got there they were ****ed.

you got what you wanted...

 

loew out and admin..

 

now be quiet

[kelso kev]

The deal has been done. I found out on saturday. I was told by someone from Town or Country in oxford street, MJ is her client. She told me MJ and his side cick (simon) got there car clamped in oxford street on friday eve, she had to pay to get the car releasd, Mr Fry was with them. She is not a football fan.

[Professor]

Has anyone heard a quote from MLT recently?

[trousers]

The deal has been done. I found out on saturday. I was told by someone from Town or Country in oxford street, MJ is her client. She told me MJ and his side cick (simon) got there car clamped in oxford street on friday eve, she had to pay to get the car releasd, Mr Fry was with them. She is not a football fan.

 

You mean HelpMeRhonda is back? Knew it all along....

[lordswoodsaints]

does crouch know something we dont?.........he has put his hand into his pocket to pay the wages which we are told the £500k non refundable deposit was for, so perhaps he is favouring the MJ bid?....why didnt he do that for the pinnacle/mlt group? perhaps promises have been made to him which involves him in some way? something which pinnacle perhaps didnt want?

also this indicates to me that lowe is not involved in any takeover as crouch would not have put a penny into the club if so.

[trousers]

Has anyone heard a quote from MLT recently?

 

"That's it, all over....Middlesbrough are down Jeff"

 

(24th May 2009 @ 17:47, Sky Sports News)

[St Chalet]

The deal has been done. I found out on saturday. I was told by someone from Town or Country in oxford street, MJ is her client. She told me MJ and his side cick (simon) got there car clamped in oxford street on friday eve, she had to pay to get the car releasd, Mr Fry was with them. She is not a football fan.

 

Kelso Kev, now there is a name from "KK spotted at SMS days". [-X

 

IF true, glad to see that Jackson can't afford £200 having purchased the club.

[Give it to Ron]

I am sure one of the more informed posters will be along in a minute but wasn't that ID used by one of the Tricon lot?

St. D or even LLS himself?

[St Chalet]

I am sure one of the more informed posters will be along in a minute but wasn't that ID used by one of the Tricon lot?

St. D or even LLS himself?

 

Yes, St. D as I recall.

[Mole]

"That's it, all over....Middlesbrough are down Jeff"

 

(24th May 2009 @ 17:47, Sky Sports News)

 

And he was right.

[dubai_phil]

I'm sure that most fans want whatever is the best for the club Phil.

 

Unfortunately we don't actually know who is behind Jackson and Green,although you presumably do since you're convinced they have the funds required . I don't suppose any of us know the details of Salz's strategy either, unlike yourself who are writing him off already.

 

I can't quite understand why you are so dismissive of anyone who isn't Jackson and Green unless you have an involvement yourself. I know you said that Green bought you a pint or two of Magners but even so...

 

yippee another DP dissertation!

 

Never under estimate the importance of a Magners at the right time:p

 

I have only been dismissive of the Salz leaks coming as they do NOW, not 2, 3 or 4 weeks ago.

 

I understand the situation like this for those who can be bothered to read it all.

 

The creditor list is a specific figure, we know that Barclays & Aviva are two big names and have seen much speculation about that, we do not however have any accurate information as to the actual current state of the creditors list (some speculation but no real facts).

 

The nature of the SLH admin is such that SFC Ltd must be "sold as a going concern" rather than being put into admin if 1) there is to be a chance of a legal challenge to the -10 points penalty, and MORE importantly to avoid a likely FURTHER deduction of -15. (I started a thread about that some time ago)

 

Now, starting on -25 points means we MUST achieve the equivalent of this season's play-off place IN ORDER TO AVOID BEING RELEGATED AGAIN.

 

From what I have been led to believe, Fry has set a specific figure which the creditors will accept that stops him having to admin SFC Ltd.

 

This comment was loosely discussed after the forum match, (as in So why can't I buy the club for a quid then?)

 

So, my interpretation is - There is a set figure they (creditors) will accept. That has to either be paid off now, or some of that debt will have to be "deferred" or rolled forwards to be paid in the future.

 

In my understanding of the situation, the ONLY alternative is technically Admin SFC Ltd to allow a lower cash offer to be accepted OR for the lower cash bidders to start their new regime by adding new debt onto the club.

 

In other words, no matter how much CASH is offered, those debts STILL have to be paid.

 

Our opinions and comments are highly driven by emotion and feelings, however the processs of admin and the methodologies used in all the discussions must be very process driven and each action must have a thought for the consequences. Sure save some cash for the club, then use it to pay off the deferred debt IF you do not hit your attendance figures.....

 

I am VERY worried that starting next season 25 points behind the rest of the league will have two massive dangers - one - we could go straight down again regardless of how much money they spend - two - we will lose MORE fans because of the situation, MORE fans will lose the habit of attending and guess what? The cash flow isn't enough to pay off the deferred debts and the lower bidders have to burn up the investment they had intended on the squad.

 

Down here we call this an Insh'allah strategy, is it better to clear all the debts and have a fresh start and clear plan and budget or is it better to hope things go well?

 

Now ask Who had one of those strategies before and where we ended up? Am I WRONG to be worried?

 

Then finally many of the arguments on here about the MJ/SG bid are rightly about "track record" and "previous public statements". Well, although nowhere in the same league as MJ, we have heard "waiting" "in the best interests of the club" "Salz will get us out of this" etc for over 18 months.

 

All you've heard from me is "I hope that somebody else comes along" "there is nobody else, anyone got any better ideas?" "we are in great danger" "I'm worried" and my favourite "Wait, we don't know all the facts yet"

 

Now, what I would be happy see from the other camp are some comments about the difficulties, about the processes and about how incredibly difficult and dangerous this whole process is. I've stuck to this basic line from the beginning. But no, that isn't there, they talk about personalities and about being fans and how MJ is screwing everything up. THAT does a disservice to FRY and all of his team. Does anyone REALLY think Fry is that thick? HE will have done his own Due Dilligence on the consortium, for heavens sake he is an experienced professional.

 

So yes I am worried about the bid "fronted" MJ & SG, I have said constantly that it can go wrong, but also that it is obvious to anyone that THEY don't have the cash themselves, they only bring some of the skills needed to make this happen.

 

I am less worried now they have commited to the legal costs of DD, but I am worried at what they may find. I am worried that there is nobody else making a bid for the whole entity at the levels I think are necessary to stop that extra deduction.

 

I am also worried about WHEN Salz & Co started to plan their strategy. About when they met with the council and about when they met with Fry

I am worried that their planning was totally focused on the removal of Lowe and did not give them the flexibility to adapt to circumstances now we are in admin.

 

And finally this is not some reality TV programme or popularity contest, it's about saving something that has helped me to feel I still had roots in England that has been a massive part of my life for 43 years.

[St Chalet]

Yes, St. D as I recall.

 

Although the post has enough spelling errors to make me think it could be LLS.

[LaptopSaint]

Jacko's plans remind me of Hitler ordering his army to push on to Stalingrad. They could get there alright, but once they got there they were ****ed.

 

I like this. Comparing the plight of SFC to one of the greatest military debacles in history, in which an estimated two million people died. Good to get things in their proper perspective.

[Mole]

I like this. Comparing the plight of SFC to one of the greatest military debacles in history, in which an estimated two million people died. Good to get things in their proper perspective.

 

I thought it was a good comparison. Thanks.

[carljack]

I like this. Comparing the plight of SFC to one of the greatest military debacles in history, in which an estimated two million people died. Good to get things in their proper perspective.

 

Football is not a matter of life and death,it is more important than that!

 

Bill Shankly

 

Saint till I die!

[Badger]

I like this. Comparing the plight of SFC to one of the greatest military debacles in history, in which an estimated two million people died. Good to get things in their proper perspective.

 

It was merely an analogy.

 

It used a the disater caused by a "military strategist" to make a point about a - self proclaimed - "business strategist".

[John D]

yippee another DP dissertation!

 

Never under estimate the importance of a Magners at the right time:p

 

I have only been dismissive of the Salz leaks coming as they do NOW, not 2, 3 or 4 weeks ago.

 

I understand the situation like this for those who can be bothered to read it all.

 

The creditor list is a specific figure, we know that Barclays & Aviva are two big names and have seen much speculation about that, we do not however have any accurate information as to the actual current state of the creditors list (some speculation but no real facts).

 

The nature of the SLH admin is such that SFC Ltd must be "sold as a going concern" rather than being put into admin if 1) there is to be a chance of a legal challenge to the -10 points penalty, and MORE importantly to avoid a likely FURTHER deduction of -15. (I started a thread about that some time ago)

 

Now, starting on -25 points means we MUST achieve the equivalent of this season's play-off place IN ORDER TO AVOID BEING RELEGATED AGAIN.

 

From what I have been led to believe, Fry has set a specific figure which the creditors will accept that stops him having to admin SFC Ltd.

 

This comment was loosely discussed after the forum match, (as in So why can't I buy the club for a quid then?)

 

So, my interpretation is - There is a set figure they (creditors) will accept. That has to either be paid off now, or some of that debt will have to be "deferred" or rolled forwards to be paid in the future.

 

In my understanding of the situation, the ONLY alternative is technically Admin SFC Ltd to allow a lower cash offer to be accepted OR for the lower cash bidders to start their new regime by adding new debt onto the club.

 

In other words, no matter how much CASH is offered, those debts STILL have to be paid.

 

Our opinions and comments are highly driven by emotion and feelings, however the processs of admin and the methodologies used in all the discussions must be very process driven and each action must have a thought for the consequences. Sure save some cash for the club, then use it to pay off the deferred debt IF you do not hit your attendance figures.....

 

I am VERY worried that starting next season 25 points behind the rest of the league will have two massive dangers - one - we could go straight down again regardless of how much money they spend - two - we will lose MORE fans because of the situation, MORE fans will lose the habit of attending and guess what? The cash flow isn't enough to pay off the deferred debts and the lower bidders have to burn up the investment they had intended on the squad.

 

Down here we call this an Insh'allah strategy, is it better to clear all the debts and have a fresh start and clear plan and budget or is it better to hope things go well?

 

Now ask Who had one of those strategies before and where we ended up? Am I WRONG to be worried?

 

Then finally many of the arguments on here about the MJ/SG bid are rightly about "track record" and "previous public statements". Well, although nowhere in the same league as MJ, we have heard "waiting" "in the best interests of the club" "Salz will get us out of this" etc for over 18 months.

 

All you've heard from me is "I hope that somebody else comes along" "there is nobody else, anyone got any better ideas?" "we are in great danger" "I'm worried" and my favourite "Wait, we don't know all the facts yet"

 

Now, what I would be happy see from the other camp are some comments about the difficulties, about the processes and about how incredibly difficult and dangerous this whole process is. I've stuck to this basic line from the beginning. But no, that isn't there, they talk about personalities and about being fans and how MJ is screwing everything up. THAT does a disservice to FRY and all of his team. Does anyone REALLY think Fry is that thick? HE will have done his own Due Dilligence on the consortium, for heavens sake he is an experienced professional.

 

So yes I am worried about the bid "fronted" MJ & SG, I have said constantly that it can go wrong, but also that it is obvious to anyone that THEY don't have the cash themselves, they only bring some of the skills needed to make this happen.

 

I am less worried now they have commited to the legal costs of DD, but I am worried at what they may find. I am worried that there is nobody else making a bid for the whole entity at the levels I think are necessary to stop that extra deduction.

 

I am also worried about WHEN Salz & Co started to plan their strategy. About when they met with the council and about when they met with Fry

I am worried that their planning was totally focused on the removal of Lowe and did not give them the flexibility to adapt to circumstances now we are in admin.

 

And finally this is not some reality TV programme or popularity contest, it's about saving something that has helped me to feel I still had roots in England that has been a massive part of my life for 43 years.

 

So:

Need offer sufficient enough to satisfy creditors to avoid liquidation and/or further points deductions.

MJ fronted bid (whilst historically all mouth / no trousers) may be getting close to putting in offer acceptable to creditors.

Salz group (still all mouth / no trousers) are trying to pick up club for less

No-one knows who the money men are behind any of the groups (real groups and those invented in Saintsweb world)

Its 4 days to Friday

I go on holiday next weekend - this better be sorted by then

[DaintyDave]

Sorry, who is Kelso Kev and what does he have to do with STDs? Those things can itch

[Saint Billy]

The deal has been done. I found out on saturday. I was told by someone from Town or Country in oxford street, MJ is her client. She told me MJ and his side cick (simon) got there car clamped in oxford street on friday eve, she had to pay to get the car releasd, Mr Fry was with them. She is not a football fan.

 

Chardonay chilled and at the ready SD?

[EastleighSoulBoy]

The deal has been done. I found out on saturday. I was told by someone from Town or Country in oxford street, MJ is her client. She told me MJ and his side cick (simon) got there car clamped in oxford street on friday eve, she had to pay to get the car releasd, Mr Fry was with them. She is not a football fan.

 

Poster location: stichill

 

Is that Stitch Hill? How's the MOT business Dave? So bad you can't afford £5 to register under a different name? :smt117:D

[St Chalet]

Yes, St. D as I recall.

 

Chardonay chilled and at the ready SD?

 

From the Chablis region no doubt.

[carljack]

Sorry, who is Kelso Kev and what does he have to do with STDs? Those things can itch

 

I think you will find he is Non Specific!

[OldNick]

Salz and his allies? I notice a number of posts on this thread suggesting that Salz and some anonymous group of allies/backers are in play to potentially take Saints over, but I'd like to know what factual basis, what evidence there is, for this notion?

 

Salz has supposedly been working on investment for Saints since Crouch's brief chairmanship at least, and the result has been: nothing! There is, so far as I have seen, not the faintest hint from the adfministrators that any group of which Salz is some sort of Facilitator/figurtehead is in play. Fry has, so far as news reports are to be trusted, only three groups who have shown any serious intention: the Pinnacle group (which so far as I know doesn't involve Salz), the Jackson/Green group (which certsainly doesn't incolve Salz), and the "mystery overseas" group (but Salz and his contacts are nor, surely, "overseas").

 

So why are people trailing the Salz red herring across this topic?? If Salz had even the remotest interest/ability/contacts to do anything for Saints other than show up to games and sit in the directors' box (though not a director), he has had more than enough time and opportunity to do so and has in fact done, to all appearance, jacksh*t! Sure, by all accounts Salz has wealthy friends: but if those wealthy friends had even the slightest interest in putting some of that wealth to use saving SFC, there has been no sign of it. Face facts: Salz's friends DO NOT CARE ABOUT SAINTS!

 

If someone really knows different, give us some facts, but for chrissakes stop muddying the waters with this vague bullsh*t about Salz waiting in the wings for the "right time" to save Saints. The right time has come and gone, and Salz has shown NOTHING, NOTHING, I repeat NOTHING!!!!!!

 

Sheesh!

IMO this is spot on

[Wade Garrett]

The deal has been done. I found out on saturday. I was told by someone from Town or Country in oxford street, MJ is her client. She told me MJ and his side cick (simon) got there car clamped in oxford street on friday eve, she had to pay to get the car releasd, Mr Fry was with them. She is not a football fan.

 

I think Jackson has been telling a lot of people the deal has been done.

 

I think he is a billy bullsh*tter.

[Saint Billy]

I think you will find he is Non Specific!

 

I think you will find that Kelso Kev and St David are the same, of the same, intertwined, inextricably linked, as one.

[OldNick]

I think you will find that Kelso Kev and St David are the same, of the same, intertwined, inextricably linked, as one.

Well I have met Dave twice and he is very much a saints fan asnd spent the weekend giving his freetime to Saintsaid what did all the p###takers do?

[bridge too far]

IMO this is spot on

 

I don't know anything about Salz and any bid. I'm just trying to think using a bit of logic. I suspect Salz is a facilitator (since he's engineered hugely successful takeovers and mergers in the past).

 

Successful business men and women make their money by trading at the opportune moment.

 

I wonder if the people he is working with are waiting for that opportune moment to buy at a low price (being the offer of last resort) leaving them significantly more money to invest in the team.

[Verbal]

Phil,

 

The following is written in the style of trousers – so if any of it is inaccurate, don’t blame me.

 

I’ve taken your admonition to read what you say very carefully, and concluded that:

 

1. Although you’re a long-term friend of MJ, this time, you’ve now gone one step further (in the purely Platonic sense, of course), and are actually involved in the MJ/Green bid. If it succeeds, you’ll be somewhere between a sleeping partner and director of finance.

 

2. Somewhere in ‘The Art of War’ it says you should show your enemy your Achilles heel – and perhaps a more significant one than MJ. Having not actually read Sun Tzu, I can only conclude that it’s in there somewhere, because you seem to have conceded that the consortium is made up of ‘professionals with specific skill sets.’ Salz’s militia appear certain that this means that the moneybags are not in the actual consortium itself – hence Morph’s caustic response, that you ‘seem to be implying that the people behind Jackson are the people with money.’ So presumably MJ/Green/Phil are going to be looking to the money markets, to the extent that they still exist in Dubai, or to a single, loaded investor somewhere out there in the shifting sands.

 

3. You’ve confirmed that Aviva in particular – the single largest creditor by far – are playing hardball, to the extent that they won’t accept anything less than the total of what they’re owed, although it might be in the form of pennies in the pound now plus some sort of buy now/pay later deal. This means that their finger truly is on the nuclear button – and so I understand completely your anxiety that the club itself will go into Administration with a -25 points penalty, and may well sink straight into League Two and possible further oblivion.

 

4. This one is maybe way out there. The consortium has used its influence at the club to encourage Mark Wotte to act as if it’s ‘business as usual’, in preparation for an appeal against the ten-point deduction. Hence the contract offers to Davis, Euell and BWP, etc. (By the way, who IS Wotte’s boss right now, if the club itself is not in admin – surely not Fry.)

 

Four responses are permissible to each of the above: a flat-out denial (‘Wrong’), a non-denial denial (‘the order of your facts is wrong’), sheepish chortling (not sure how you do that in a post, but I’m sure you’ll find a way), and abuse (you choose.)

 

Having failed to get a response from Morph yesterday, I’m going to ‘trouser’ him shortly too, in like-for-like forensic analysis (or complete garbage – delete to taste).

[SaintRichmond]

That 500k thing does look dodgy, it would give any consortium involving Lowe a clear advantage.

 

 

 

Funny how things just suddenly start falling into place .... what say you Stanley ???r

[trousers]

Phil,

 

The following is written in the style of trousers – so if any of it is inaccurate, don’t blame me.

 

 

;)

[The Rover]

Thanks for you dissertation Phil which clarifies the situation a lot to me. If I understand you correctly it all hinges around this:

 

From what I have been led to believe, Fry has set a specific figure which the creditors will accept that stops him having to admin SFC Ltd. .

 

I can see that if SFC Ltd is to be sold as a going concern (and avoid the further points deduction), then the preferential or major creditors have to approve whatever deal is being agreed between Fry and the buyer.

 

Presumably the creditors demands make up the lions' share of the £14 million mentioned.

 

So on the face of it the future of the club rests with either

 

1. a purchaser who has agreed a £14 million package (albeit some up front and some deferred until later.)

 

or

 

2. a purchaser who has bought SFC Ltd (not SLH Plc) out of administration and will have to work with a -25 points deduction.

 

Neither option looks very good to me as 1. is going to cripple the club financially and 2. gives the team a mountain to climb.

 

Perhaps someone needs to give Barclays and Aviva a reality check. Their must be a middle ground that gets the club running again without going through admin with the creditors getting next to nothing.

 

Perhaps this is happening already and is why the deal is likely to go to the wire until the creditors agree a more realistic figure.

[Weston Saint]

Well I have met Dave twice and he is very much a saints fan asnd spent the weekend giving his freetime to Saintsaid what did all the p###takers do?

I know David as well and if he is Kelso he is well out of order and does not deserve to be defended.

 

Whoever it is he is wrong about the deal being done. Why is this group spending more than £100,000 on due diligence with forensic accountants and legal team if it is a done deal? Why has the Administrators not given them preferred bidder status. Done deals are when deals have been done, not before!

[trousers]

By the way, who IS Wotte’s boss right now, if the club itself is not in admin

 

Ken Tointon (ssshhhhh....)