tpbury Posted 29 May, 2009 Posted 29 May, 2009 I am a member now. Can't shed any light on anything, but I can't understand why we can't find out who's behind it. If MLT is a figurehead, I suppose like Frannie Lee (was it him) at Man C a few years back, then he isn't exactly putting his face about (as far as I can see, not being in Soton). Has he been gladhanding and kissing babies around the area?
hypochondriac Posted 29 May, 2009 Posted 29 May, 2009 Think you will find he will be seeing a lot less of Jeff Stelling. You have ben notable by your absence! Anything to report? Positive feelings about this? Any idea of the scale of money involved? ANY comment would be appreciated.
trousers Posted 29 May, 2009 Posted 29 May, 2009 Can Pinnacle be gazzumped if one of the other bidders comes back with a much bigger offer on Monday (say) or is it now only Pinnacle's to throw away if they decide they don't want it at some point during the 'exclusivity' phase?
DT Posted 29 May, 2009 Posted 29 May, 2009 Pinnacle only just won the bidding race by a nose apparently. Therein lies your answer Hatch By a nose? So it really IS Rod Stewart and Matt?
70's Mike Posted 29 May, 2009 Posted 29 May, 2009 At least they had the sense to do it on a Friday 21 days more of telling lies to wife before , hopefully, can buy season ticket and really look forward to next season
Pancake Posted 29 May, 2009 Posted 29 May, 2009 21 Days, until then we still don't have an owner! Word.
Morph Posted 29 May, 2009 Posted 29 May, 2009 First guess: could it finally be Gavyn Davies putting his money where his mouth ("I won't let SFC die") is? Don't think so. Great news nontheless. I'm hoping Pinnacle will be good for us. Anyone know (Farmer, Doggface ??) is it safe to release the identities of the Pinnacle team yet ? Regards Morph
hypochondriac Posted 29 May, 2009 Posted 29 May, 2009 21 Days, until then we still don't have an owner! Yeah I know but werent these the guys who had exclusivity but then people pulled out after a closer look? Surely if they have looked once they already know what to expect. Certainly sounds pretty likely from where I'm sitting.
trousers Posted 29 May, 2009 Posted 29 May, 2009 Think you will find he will be seeing a lot less of Jeff Stelling. Welcome back Duncan....been busy lately?!
70's Mike Posted 29 May, 2009 Posted 29 May, 2009 I am a member now. Can't shed any light on anything, but I can't understand why we can't find out who's behind it. If MLT is a figurehead, I suppose like Frannie Lee (was it him) at Man C a few years back, then he isn't exactly putting his face about (as far as I can see, not being in Soton). Has he been gladhanding and kissing babies around the area? Frannie Lee actually had money
Blandford saint Posted 29 May, 2009 Posted 29 May, 2009 My husband's playing golf with MLT on Thursday - should be an interesting round. Hopefully, he will pick up a few snippets of info.
DT Posted 29 May, 2009 Posted 29 May, 2009 Don't think so. Great news nontheless. I'm hoping Pinnacle will be good for us. Anyone know (Farmer, Doggface ??) is it safe to release the identities of the Pinnacle team yet ? Regards Morph I wouldn't worry. I'm sure the fearless newshounds at the Echo are more than capable of doing that. Oh.
hypochondriac Posted 29 May, 2009 Posted 29 May, 2009 Can Pinnacle be gazzumped if one of the other bidders comes back with a much bigger offer on Monday (say) or is it now only Pinnacle's to throw away if they decide they don't want it at some point during the 'exclusivity' phase? As I understand it, Fry won't deal with anyone else until the 21 days is over.
trousers Posted 29 May, 2009 Posted 29 May, 2009 is it safe to release the identities of the Pinnacle team yet ? Yes please.....we're all ear(lobe)s
RinNY Posted 29 May, 2009 Posted 29 May, 2009 Yes, but lets calm down a bit. Nobody is going to throw a fraction of that amount at SFC unless they are complete lunatics. I would imagine it has taken this long to conclude because the plan (and the finances to achieve the plan) are very tight. We don't want to end up back in this position ever again, so lets hope they are prudent people, spending wisely so we have a solid basis for progression back up the leagues. Plus we'll need more than that to bid for Kaka !!!!! True, but according to the Times he was worth more that 150million a couple of years ago: "Gavyn Davies, who resigned as chairman of the BBC after the Hutton Inquiry, is ranked 254th, with £157 million." I guess he may have lost a bit in the downturn & recession, but even so, he could no doubt afford to commit 20-25 million to SFC over the next couple of years, if he wanted to. Anyway, this is just rank speculation. I suppose we'll find out eventually who Pinnacle's "wealthy investor" is ...
paris Posted 29 May, 2009 Posted 29 May, 2009 Lets just hope it goes through and the nightmare ends..
trousers Posted 29 May, 2009 Posted 29 May, 2009 As I understand it, Fry won't deal with anyone else until the 21 days is over. So, if, hypothetically, some rich nutter came along and offered £50m as a 'take it or leave it now' offer, Fry would be duty bound to turn them down? Not that there's any chance of this happening but am still interested in the 'rules' at this stage....
LostBoys Posted 29 May, 2009 Posted 29 May, 2009 Thank goodness I am glad the wages will be paid. I just now hope Pinnacle can raise the rest of the money and we can all move on.
mattyd Posted 29 May, 2009 Posted 29 May, 2009 Nobody would risk £500,000 if they were not intending to complete. The money is in place and now the lawyers do their bit (that will cost a couple of hundred thousand as well), add to this the costs of financial brokers/accountants etc and you are talking serious cash!
Smirking_Saint Posted 29 May, 2009 Posted 29 May, 2009 Oh christ !!!!!!! The time when i have no access to the bloody net all day and we have this announcement !!! Damn control room !! Still, nevertheless am over the moon, but see another 21 days of .......... is it done yet........is it done yet.
trousers Posted 29 May, 2009 Posted 29 May, 2009 So, the upshot of all this is that the Football Club has avoided going into administration. Now bring on the battle with the Football League?
trousers Posted 29 May, 2009 Posted 29 May, 2009 Good news. Even better because it eliminates LLS! You gotta feel some sympathy for the guy though....whatever people think about him he must have put a huge amount of personal time and money into trying to save the club.
Nexstar Posted 29 May, 2009 Posted 29 May, 2009 Yes! Unless something goes badly wrong (which is entirely possible with Saints) we can start looking to next season!
Pilchards Posted 29 May, 2009 Posted 29 May, 2009 I knew it was a sign something was going to happen as I sliced my pinnacle ball out of bounds four times this morning. It said on the golfball that it don't hook or slice! What utter toss... Anyway let's hope we finally move forward to where we belong. :-)
bridge too far Posted 29 May, 2009 Posted 29 May, 2009 You gotta feel some sympathy for the guy though....whatever people think about him he must have put a huge amount of personal time and money into trying to save the club. Maybe now he'll finally realise he's really not cut out for this sort of thing.
Weston Saint Posted 29 May, 2009 Posted 29 May, 2009 Wow, go out in the garden for a few hours and come back to this great news. Long way to go but it is looking good. What a coaster ride so far. Let's hope for calmer times. Do not know the details but good friends say this will secure a long term future if it completes. Come on you Red & Whites. Well done Tony Lynam. Hard luck Green & Jackson but I know your main aim was to secure a future for our club so I know you will be relieved and supportive. Just hope it has not cost you too much financially to get to this stage.
kpturner Posted 29 May, 2009 Posted 29 May, 2009 Who wants to be the first person to start a thread about the reason it is taking so long to complete the deal? After what seems like an age waiting for this to happen, we now have to fret for up to 21 days to find out if the deal will be concluded. It is like all the worry of waiting for a baby to arrive, and when it does the worrying really starts.....I'm still going to wet the babies head tonight though.
Delmary Posted 29 May, 2009 Posted 29 May, 2009 Great news. Southampton FC is reborn. Well done to all those involved.
hypochondriac Posted 29 May, 2009 Posted 29 May, 2009 Wow, go out in the garden for a few hours and come back to this great news. Long way to go but it is looking good. What a coaster ride so far. Let's hope for calmer times. Do not know the details but good friends say this will secure a long term future if it completes. Come on you Red & Whites. Well done Tony Lynam. Hard luck Green & Jackson but I know your main aim was to secure a future for our club so I know you will be relieved and supportive. Just hope it has not cost you too much financially to get to this stage. Thanks for that post Weston, that's encouraging.
Smirking_Saint Posted 29 May, 2009 Posted 29 May, 2009 Maybe now he'll finally realise he's really not cut out for this sort of thing. Nah, Aren't the cherries dangerously close again ?
kpturner Posted 29 May, 2009 Posted 29 May, 2009 I knew it was a sign something was going to happen as I sliced my pinnacle ball out of bounds four times this morning. It said on the golfball that it don't hook or slice! What utter toss... Anyway let's hope we finally move forward to where we belong. :-)Serves you right for using shi!t cheap golf balls. My Titleist Pro V1's go straight into the woods without a hint of a hook or a slice.
Saintleigh Posted 29 May, 2009 Posted 29 May, 2009 And relax... (for about 17 days anyway until no more news is heard from SMS about Pinnacle completing the deal)
trousers Posted 29 May, 2009 Posted 29 May, 2009 Wow, go out in the garden for a few hours and come back to this great news. Long way to go but it is looking good. What a coaster ride so far. Let's hope for calmer times. Do not know the details but good friends say this will secure a long term future if it completes. Come on you Red & Whites. Well done Tony Lynam. Hard luck Green & Jackson but I know your main aim was to secure a future for our club so I know you will be relieved and supportive. Just hope it has not cost you too much financially to get to this stage. +1
trousers Posted 29 May, 2009 Posted 29 May, 2009 So are these the Swiss guys I've been asking the same but no answer yet.....seems too coincidental for the Swiss connection to crop up a few hours before the Pinnacle situation was announced IMHO
Pilchards Posted 29 May, 2009 Posted 29 May, 2009 Serves you right for using shi!t cheap golf balls. My Titleist Pro V1's go straight into the woods without a hint of a hook or a slice. haha love it
Alright Dave Posted 29 May, 2009 Posted 29 May, 2009 Great news, a step forward and finally something positive after weeks of agony. Also pleased the none playing staff can now get paid, they are the ones that have suffered the most through this.
beatlesaint Posted 29 May, 2009 Posted 29 May, 2009 After the years of waiting for something to happen on a Friday I guess it had to be in the end didnt it ? Seems strange Fry has a meeting with staff yesterday then just 24 hours later we get this !! Something obviously moved very quickly......any help from these Swiss people I wonder ?
aberdare Posted 29 May, 2009 Posted 29 May, 2009 So, the upshot of all this is that the Football Club has avoided going into administration. Now bring on the battle with the Football League? The upshot surely to date is that it is hoped that at some point in the next three weeks, Pinnacle will make an acceptable offer to the Administrator for the assets of SLH..... They have exclusivity to finalise their offer. Given the inability of the club to pay it's employees this week, I would personally suggest heads stay below parapets for a while longer yet.
NickG Posted 29 May, 2009 Posted 29 May, 2009 has it been confirmed that this is not a consortium? - but single backer willing to put few million in?
NickG Posted 29 May, 2009 Posted 29 May, 2009 The upshot surely to date is that it is hoped that at some point in the next three weeks, Pinnacle will make an acceptable offer to the Administrator for the assets of SLH..... They have exclusivity to finalise their offer. Given the inability of the club to pay it's employees this week, I would personally suggest heads stay below parapets for a while longer yet. on basis that they have been negotiating for weeks, and now have paid £500,000 for the pleasure of trying to finalise it - they must be confident that they can make an acceptable offer to Fry.
bjk Posted 29 May, 2009 Posted 29 May, 2009 At last.Please Please Please dont let anything go wrong now.
trousers Posted 29 May, 2009 Posted 29 May, 2009 So are these the Swiss guys It would appear not.... They have beaten three other groups to the exclusivity period - a duo of Irish businessman, a consortium led by businessmen Stuart Green and Marc Jackson and another group believed to be from Zurich. http://www.dailyecho.co.uk/news/4406782.Saints_enter_exclusivity_with_bidder/
kpturner Posted 29 May, 2009 Posted 29 May, 2009 has it been confirmed that this is not a consortium? - but single backer willing to put few million in?I think that the number of people behind it has fluctuated as things progressed - probably with one individual remaining firm. Who knows at the moment. Maybe today somebody extra committed to enable them to risk putting down the £500k.
insertfunnyname Posted 29 May, 2009 Posted 29 May, 2009 Oh christ !!!!!!! The time when i have no access to the bloody net all day and we have this announcement !!! Damn control room !! Still, nevertheless am over the moon, but see another 21 days of .......... is it done yet........is it done yet. you work for NASA?
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