um pahars Posted 28 May, 2009 Share Posted 28 May, 2009 I would like to thank the few plebs who wanted us to go into administration Your wish has come true and now we are totally F*****. Are you now going to put your hand deep into your pockets and produce the cash to save the club or will you now go back to the club you really support That bunch of skates down the road? You would have been better off PM'ing the two or three individuals direct. HTH. Link to comment Share on other sites More sharing options...
OldNick Posted 28 May, 2009 Share Posted 28 May, 2009 You would have been better off PM'ing the two or three individuals direct. HTH. Um you and Duncan have been off the site for a while , is there a reason? Link to comment Share on other sites More sharing options...
kpturner Posted 28 May, 2009 Share Posted 28 May, 2009 Many thanks KP. You have negated your own argument and saved me the bother. Yeah right - like that was going to be your explanation :-) Now that is hilarious. Link to comment Share on other sites More sharing options...
scotty Posted 28 May, 2009 Share Posted 28 May, 2009 Mmm....FOUR seriously intertested parties, eh ? Pinnacle, Marc J. The Irish consortium and ????? ............(who) I wonder? David Icke. I'm itk, and you can quote me on that. Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 28 May, 2009 Share Posted 28 May, 2009 I would like to thank the few plebs who wanted us to go into administration Your wish has come true and now we are totally F*****. Are you now going to put your hand deep into your pockets and produce the cash to save the club or will you now go back to the club you really support That bunch of skates down the road? Administration was an inevitable action following gross mis-management of the business...i.e. abject failure of the Board of Directors. Absolutely sweet f-all to do with fans thoughts or deeds and anyone who thinks otherwise is living in some kind of parallel universe IMO. To turn now on fellow supporters only serves to highlight the mess the entire club is in. You expect some kind of action from others - what have YOU done? Please enlighten us. Link to comment Share on other sites More sharing options...
Viking Warrior Posted 28 May, 2009 Share Posted 28 May, 2009 You would have been better off PM'ing the two or three individuals direct. You are probably right Um . but I was so livid when I got home and caught up with todays news re the club and staff. Link to comment Share on other sites More sharing options...
Evo Posted 28 May, 2009 Share Posted 28 May, 2009 The really sad thing is that the staff have been put in an impossible position here. If they down tools and walk out, many of them will know that it will be game over for the club. The end game from there is inevitable, no more SFC They will also know that they'll probably have a bucket load of ungrateful and misguided SFC fans giving them hell from now to eternity for "destroying the club". Yet how long can you continue to work for free when your dinner table is empty and the your mortgage company is threatening to turf you out on the street? I feel really really sorry for the poor sods frankly. Not that I think there's anything really that Fry or anybody can do. Business is a dirty game I'm afraid. The more you try to push along buyers in these deals the more inclined they'll be to walk away. That's all unless Uncle Leon can find some more pennies, or one of the buyers gets the cheque book out of course. Link to comment Share on other sites More sharing options...
Chez Posted 28 May, 2009 Share Posted 28 May, 2009 Surprised it hasn't been closed sooner. Anyone know if this is a permanent thing or just temporary? ****, I was going to get one of those baby jumpersuit things for my new born niece tomorrow. If I don't get in there quick she's going to become a bloody Forrest fan. Link to comment Share on other sites More sharing options...
trousers Posted 28 May, 2009 Share Posted 28 May, 2009 You would have been better off PM'ing the two or three individuals direct. HTH. Agree. It is somewhat telling that the accusations of people "wanting" the club to go into administration are never accompanied by the names of the accusees. Link to comment Share on other sites More sharing options...
Wade Garrett Posted 28 May, 2009 Share Posted 28 May, 2009 Personally, I am now more concerned that the non-playing staff get their money and are able to find new jobs than I am about the club finding a buyer. It's gone on for far too long. It would appear that nobody wants to buy us. Time for moving on. At least I am able to pay my mortgage, unlike the staff at St Marys. Things need to be put into perspective. Link to comment Share on other sites More sharing options...
Nineteen Canteen Posted 28 May, 2009 Share Posted 28 May, 2009 I'm not am I? Just think it's very cavalier of Fry to continue employing people when he does not have the money to pay them. Surely they should have been warned of the possibility of not being paid before they did the work - so that at least they had some choice in whether or not they worked for nothing ... I'm sure they were notified of the risks and were probably free to leave as soon as the annoucement was made. In my experience what they are going through is pretty much par for the course. Not nice but the way it is. What is interesting is if the players wages are covered by the football league then are we saying we can't cover what must be a fairly small residual wage run with the players taken out. How big was Crouch's donation and how has that been used along with the proceeds from the rest of SOS? Link to comment Share on other sites More sharing options...
Nineteen Canteen Posted 28 May, 2009 Share Posted 28 May, 2009 Personally, I am now more concerned that the non-playing staff get their money and are able to find new jobs than I am about the club finding a buyer. It's gone on for far too long. It would appear that nobody wants to buy us. Time for moving on. At least I am able to pay my mortgage, unlike the staff at St Marys. Things need to be put into perspective. Agreed but the level of unemployment is now over 2m and rising and plenty of other local people are feeling the pinch and facing the real risk of losing their homes. The best way for the staff at SMS to avoid becoming another statistic is to hang in there, stay close to their personal bankers and lenders and hope the club can find another buyer and soon. I think you should remain concerned and focussed on the club finding a buyer regardless of who they are. I think your perspective and sentiment is misplaced or badly worded. Link to comment Share on other sites More sharing options...
Wade Garrett Posted 29 May, 2009 Share Posted 29 May, 2009 Agreed but the level of unemployment is now over 2m and rising and plenty of other local people are feeling the pinch and facing the real risk of losing their homes. The best way for the staff at SMS to avoid becoming another statistic is to hang in there, stay close to their personal bankers and lenders and hope the club can find another buyer and soon. I think you should remain concerned and focussed on the club finding a buyer regardless of who they are. I think your perspective and sentiment is misplaced or badly worded. Fair comment. Me remaining focussed on the club finding another buyer isn't really going to make any difference though is it. Probably badly worded. I am more concerned with the employees sorting themselves and their families out than I am with the club getting a buyer. Although if the unthinkable happens and somebody actually takes us over, then the two are intrinsically linked. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 29 May, 2009 Share Posted 29 May, 2009 I'm sure they were notified of the risks and were probably free to leave as soon as the annoucement was made. In my experience what they are going through is pretty much par for the course. Not nice but the way it is. What is interesting is if the players wages are covered by the football league then are we saying we can't cover what must be a fairly small residual wage run with the players taken out. How big was Crouch's donation and how has that been used along with the proceeds from the rest of SOS? How big was yours???????????????????? Another excuse to have a dig, you my non-friend, are not a nice type. IMHO of course. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 29 May, 2009 Share Posted 29 May, 2009 5LIVE just said dark day for southampton but there is still hope a sale will be completed by the end of the week today's the end of the week,but not the end of next week,or the week after that. Link to comment Share on other sites More sharing options...
Capel Saint Posted 29 May, 2009 Share Posted 29 May, 2009 Fair comment. Me remaining focussed on the club finding another buyer isn't really going to make any difference though is it. Probably badly worded. I am more concerned with the employees sorting themselves and their families out than I am with the club getting a buyer. Although if the unthinkable happens and somebody actually takes us over, then the two are intrinsically linked. Personally I view Fry's comments a bit more positively. Yes, it is a short term worry that the club cannot pay the salaries of the SFC staff but considering that there are 4 interested parties with one entering exclusivity, then at least it shows things are moving forward. Also with Fry setting up a meeting with the staff I assume that they will be told the exact situation with timescales of a takeover etc and will be given the option to hang in there or look for another job. Administration is never nice and it is the poor employees that get hit the hardest. That is a fact in any company that goes into administration. However with buyers on the horizon then there is real hope they will be able to keep their jobs and will be paid all salaries owed byt he new owners. I don't agree with a number of posters on here who keep spouting that the club is doomed.....it is not! We as fans just need to be patient and not jump to conclusions which are probably no where near the truth of what is actually going on behind the scenes. Give it a couple of weeks and I reckon the club will have a new owner who can stop the slide and turn the club around and take it forward. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 29 May, 2009 Share Posted 29 May, 2009 Personally I view Fry's comments a bit more positively. Yes, it is a short term worry that the club cannot pay the salaries of the SFC staff but considering that there are 4 interested parties with one entering exclusivity, then at least it shows things are moving forward. Also with Fry setting up a meeting with the staff I assume that they will be told the exact situation with timescales of a takeover etc and will be given the option to hang in there or look for another job. Administration is never nice and it is the poor employees that get hit the hardest. That is a fact in any company that goes into administration. However with buyers on the horizon then there is real hope they will be able to keep their jobs and will be paid all salaries owed byt he new owners. I don't agree with a number of posters on here who keep spouting that the club is doomed.....it is not! We as fans just need to be patient and not jump to conclusions which are probably no where near the truth of what is actually going on behind the scenes. Give it a couple of weeks and I reckon the club will have a new owner who can stop the slide and turn the club around and take it forward. A couple of weeks, another 48 hours, a bit more time, thing is the clock is ticking, the players are due back on about the 20th of June for pre-season and every day that goes by just racks up more debt.Something has to happen now or it will be too late, not in a couple of weeks,within the next 72 hours I'd say. Link to comment Share on other sites More sharing options...
saint1977 Posted 29 May, 2009 Share Posted 29 May, 2009 Personally I view Fry's comments a bit more positively. Yes, it is a short term worry that the club cannot pay the salaries of the SFC staff but considering that there are 4 interested parties with one entering exclusivity, then at least it shows things are moving forward. Also with Fry setting up a meeting with the staff I assume that they will be told the exact situation with timescales of a takeover etc and will be given the option to hang in there or look for another job. Administration is never nice and it is the poor employees that get hit the hardest. That is a fact in any company that goes into administration. However with buyers on the horizon then there is real hope they will be able to keep their jobs and will be paid all salaries owed byt he new owners. I don't agree with a number of posters on here who keep spouting that the club is doomed.....it is not! We as fans just need to be patient and not jump to conclusions which are probably no where near the truth of what is actually going on behind the scenes. Give it a couple of weeks and I reckon the club will have a new owner who can stop the slide and turn the club around and take it forward. I'd be inclined to agree with this post. It's horrible for the staff but having been in this position myself, unless they have another job lined up that is better (unlikely in a recession and Southampton hasn't exactly been laden with skilled jobs available in recent years although it is a decent place to commute from with the fast rail links and airport) I'd stick with it. Fry seems a bit more confident IMO. Link to comment Share on other sites More sharing options...
Capel Saint Posted 29 May, 2009 Share Posted 29 May, 2009 A couple of weeks, another 48 hours, a bit more time, thing is the clock is ticking, the players are due back on about the 20th of June for pre-season and every day that goes by just racks up more debt.Something has to happen now or it will be too late, not in a couple of weeks,within the next 72 hours I'd say. As fans that is what we would wish, however in the world of business and finance, this process takes quite some time. At least when the new owners are installed then hopefully they will have already agreed a plan of action to put immediately into effect. Link to comment Share on other sites More sharing options...
broncoboy Posted 29 May, 2009 Share Posted 29 May, 2009 obviously I hit the spot on that post Lol Nickh Your argument appears to be "I bet the people who wished for administration to get rid of RL regret it now". What dont you understand about the fact that it was barclays that put us into administration because the board failed to keep the overdraft under control and failed to put in any money in the last ten years. The main catastrophy was relegation from the premiership which caused a huge hole in our finances. What people say or want on this board has no relevance to our fate. You moan on about if only supporters turned up every week etc when even you should realise that there are several types of supporters many of whom wont attend matches when the product is poor. RL and the board led the club for ten years off and on not once did they invest in the club only took money out and critically didnt put money in when we really needed it Your just very very boring and represent nobody but yourself Link to comment Share on other sites More sharing options...
Window Cleaner Posted 29 May, 2009 Share Posted 29 May, 2009 As fans that is what we would wish, however in the world of business and finance, this process takes quite some time. At least when the new owners are installed then hopefully they will have already agreed a plan of action to put immediately into effect. I'm not counting on it. I think we have a majority chance of being wound up. Fry knows what he can get for the component parts,unless that figure is met we're done for. Link to comment Share on other sites More sharing options...
Capel Saint Posted 29 May, 2009 Share Posted 29 May, 2009 I'm not counting on it. I think we have a majority chance of being wound up. Fry knows what he can get for the component parts,unless that figure is met we're done for. Sorry, don;t agree with you there. I think there is a high probability of a deal being struck soon rather than the club being wound up. Administrators would only wind up a business if there were no serious bidders. With talks ongoing and albeit slowly going forward, I firmly believe the club will be in new hands soon and all this current worry will disappear. I'm going to stay posivive! Link to comment Share on other sites More sharing options...
The9 Posted 29 May, 2009 Share Posted 29 May, 2009 Nickh Your argument appears to be "I bet the people who wished for administration to get rid of RL regret it now". What dont you understand about the fact that it was barclays that put us into administration because the board failed to keep the overdraft under control and failed to put in any money in the last ten years. The main catastrophy was relegation from the premiership which caused a huge hole in our finances. What people say or want on this board has no relevance to our fate. You moan on about if only supporters turned up every week etc when even you should realise that there are several types of supporters many of whom wont attend matches when the product is poor. RL and the board led the club for ten years off and on not once did they invest in the club only took money out and critically didnt put money in when we really needed it Your just very very boring and represent nobody but yourself As opposed to someone who has only managed to regurgitate a pointless argument that everyone has been sick to death of for getting on for a year now, at a conservative estimate ? Link to comment Share on other sites More sharing options...
OldNick Posted 29 May, 2009 Share Posted 29 May, 2009 Nickh Your argument appears to be "I bet the people who wished for administration to get rid of RL regret it now". What dont you understand about the fact that it was barclays that put us into administration because the board failed to keep the overdraft under control and failed to put in any money in the last ten years. The main catastrophy was relegation from the premiership which caused a huge hole in our finances. What people say or want on this board has no relevance to our fate. You moan on about if only supporters turned up every week etc when even you should realise that there are several types of supporters many of whom wont attend matches when the product is poor. RL and the board led the club for ten years off and on not once did they invest in the club only took money out and critically didnt put money in when we really needed it Your just very very boring and represent nobody but yourselfif you had kept to a fair debate like that everybody wins. Some fans were content to see us go into administration only to have the perverted joy of thinking that RL would be hurt. It was a mad concept and many tried vainly to argue against that.Those fans may now see that what seemed like a cakewalk, and we would be snapped up that are now hurt more than RL and co. You do not understand the frustration fans like myself feel. It is like seeing a loved one running into the road and you cant shout to them to stop them going to their death. Barclays pulled the plug they didnt put us in administration but I get your drift. The boards had let the overdraft get out of control , I agree, but RL came back and cut it down to the initial ask of £5m.A drop of 1.3m in a small period, the bank then asked for it to be cut again to 4m. That again was achieved. To me I would have thought the bank should have looked at us and thought,to cut that much in a year showed a real determination to get things back in order. Ok we needed to go over by 100k again but they did sanction the loan of a player just a few weeks before.Fry (barclays man) had sat in the board meetings and had a say and so must not have given any inclination to believe they would not carry on supporting us especially if we were trying to cut costs.For them to pull the plug 2 days after the deadline to stop getting the -10 was appalling.Fry at Barclays would have known this, that was a deadly decision as it not only meant we were going to be relegated it cut our saleable value and so Barclays hopes of returning the £4m was written off.Not that clever Imo. Without a doubt relegation was a catastrophe, but whoever was in charge at any time you adjust to those conditions at that time, you do not spend as if you are still in the PL. As for some fans who only turn up if the product is good, that is sadly true but it is catch 22 fans fail to turn up the revenue is reduced and so the quality has to be cut and so on. The club spent too much to perhaps to try and appease those people but who only then turned their back on it. Turning up to watch Saintsaid was very depressing, seeing just a handful of people there showed that there is apathy towards the fotball club.Perhaps it is decades of expecting to be disappointed has now made us give up. Link to comment Share on other sites More sharing options...
Saint Without a Halo Posted 29 May, 2009 Share Posted 29 May, 2009 That is totally out of order. There's no way that an administrator should be employing people who he cannot be sure of being able to pay - whatever the technical nature of relationship is between SLH and SFC. SFC is insolvent - it manifestly cannot pay its debts as they fall due - so must go into administration or liquidation. I'm surprised that the staff don't lynch Fry and his cronies. Do you think their mortgage companies and other creditors will lend a sympathetic ear on the basis that some kid in a suit is trying to find a buyer? Unbelievable! Quite right! I bet the administrator is being paid and a fair whack too! Link to comment Share on other sites More sharing options...
Saint Without a Halo Posted 29 May, 2009 Share Posted 29 May, 2009 (edited) I'm not counting on it. I think we have a majority chance of being wound up. Fry knows what he can get for the component parts,unless that figure is met we're done for. Not sure he does! Most assets on the book were valued post credit crunch and much worse off now. Going into admin makes the players free agents with no value and he loses that too! If admin was the better solution he would have gone there by now. A sale is by far the best bet and the buyers know it! he is trying to get them to bid each other up but they are either being very canny or in cahoots with each other! Also the longer he takes the more he and his company are paid! Edited 29 May, 2009 by Saint Without a Halo Link to comment Share on other sites More sharing options...
ericofarabia Posted 29 May, 2009 Share Posted 29 May, 2009 today's the end of the week,but not the end of next week,or the week after that. The way things are going it might just be The End Respect the Friday Takeover FFS Link to comment Share on other sites More sharing options...
miserableoldgit Posted 29 May, 2009 Share Posted 29 May, 2009 A couple of weeks, another 48 hours, a bit more time, thing is the clock is ticking, the players are due back on about the 20th of June for pre-season and every day that goes by just racks up more debt.Something has to happen now or it will be too late, not in a couple of weeks,within the next 72 hours I'd say. I agree with this. ATM there is no revenue coming into the club. Normally a lot of ST money would be in the coffers by now. Not to mention Car Park money. If we have to wait another couple of weeks (mid-June?) to finalise things, how soon after this will ST go on sale and money start coming in. The new owners better be prepared to keep the ball rolling for a while. This is without any possible new manager coming in and trying to put together his team for the new season. Link to comment Share on other sites More sharing options...
St.Patrik Posted 29 May, 2009 Share Posted 29 May, 2009 Just had a meeting at work and my boss said that the company that I work for has decided to buy a company from - well another country. Our layers has got the exclusivity arrangements done and still my boss belives it could take 6 months until the deal is done. So selling Saints isnt something thats going to happen overnight im afraid.... Link to comment Share on other sites More sharing options...
kpturner Posted 29 May, 2009 Share Posted 29 May, 2009 Just had a meeting at work and my boss said that the company that I work for has decided to buy a company from - well another country. Our layers has got the exclusivity arrangements done and still my boss belives it could take 6 months until the deal is done. So selling Saints isnt something thats going to happen overnight im afraid....Tell your boss to use lawyers instead. They'll get it done much quicker. Link to comment Share on other sites More sharing options...
St.Patrik Posted 29 May, 2009 Share Posted 29 May, 2009 I liked the old Saintsforever site better - at least that site had a spellchecker.... Link to comment Share on other sites More sharing options...
Killers Knee Posted 29 May, 2009 Share Posted 29 May, 2009 Or indeed in the Echo... the Echo get it from here, it's called research (they teach them this stuff at former polytechnics) Link to comment Share on other sites More sharing options...
saintjay77 Posted 29 May, 2009 Author Share Posted 29 May, 2009 I agree with this. ATM there is no revenue coming into the club. Normally a lot of ST money would be in the coffers by now. Not to mention Car Park money. If we have to wait another couple of weeks (mid-June?) to finalise things, how soon after this will ST go on sale and money start coming in. The new owners better be prepared to keep the ball rolling for a while. This is without any possible new manager coming in and trying to put together his team for the new season. at a guess I would have thought Wotte will keep the job for next season unless someone comes in with a ready made manager in tow. Any new owners will be looking at success of any kind next season as a bonus and will look to build for the following season where any majour changes will happen IMO. As for the season ticket sales not happening, that only really effects the club right now. If and When new owners take over the doors will be opened for season ticket sales and there will be a rush fueled by the optimism that we are under new management and will be moving forwards for a change. So the bidders will look at that as a possible cash windfall for who ever takes over. We are pretty much at the lowest point for our club and new owners will only have 1 way to look. had season ticket sales been taken already and funds spent then new owners would have to come in and shell out more money straight away so the season tickets are a bit of a red herring IMO Link to comment Share on other sites More sharing options...
saintalan Posted 29 May, 2009 Share Posted 29 May, 2009 Why cant we make ST applications now, on the basis they are not processed until there is a new owner? That would help them see the level of support they are going to get. Link to comment Share on other sites More sharing options...
saintjay77 Posted 29 May, 2009 Author Share Posted 29 May, 2009 Why cant we make ST applications now, on the basis they are not processed until there is a new owner? That would help them see the level of support they are going to get. What price are the new owners going to set for league 1 season tickets with practically no hope of promotion? If we knew who the new owners may be then I guess they could move forward a little with season tickets but right now there are 4 possible interested parties and also the option of shutingg up shop so cant make a decission. Link to comment Share on other sites More sharing options...
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