Saints bid link continues
There have been further reports today of an imminent bid for Saints.
It has been common knowledge for some time that a consortium featuring Jonathan Fulthorpe, John Cousins and Dave Merrington were planning a move for the club.
But up until now they have been unable to provide proof of funds for a deal.
However, a report today suggests they have secured the funding to buy the club though as yet no offer has been made.
The Stock Exchange will be informed immediately if they do make a bid with a move before the end of this week the target of the currently board who are set to be replaced next week by Rupert Lowe and Michael Wilde.
12:32pm Thursday 8th May 2008
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CommentPosted by: rational on 12:45pm Thu 8 May 08
Sounds really hopeful.
A bunch of locals have managed to borrow some cash to buy the shares?
Not exactly investment is it?
Is this what Leon has been pinning his hopes on all this time?
Sounds really hopeful.
A bunch of locals have managed to borrow some cash to buy the shares?
Not exactly investment is it?
Is this what Leon has been pinning his hopes on all this time?
Posted by: Benny Fitt, Thornhill on 1:40pm Thu 8 May 08
If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players!
If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either.
Maybe the new shirt will be a 'sell-out'!
I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players!
If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either.
Maybe the new shirt will be a 'sell-out'!
I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Posted by: happy, GODS LAND on 1:42pm Thu 8 May 08
FINGERS CROSSED THIS GOES AHEAD - I DAREN'T THINK HOW DEVICIVE IT COULD BE IF WOOPERT WETURNS. KEEP OUR NIGE!!!
FINGERS CROSSED THIS GOES AHEAD - I DAREN'T THINK HOW DEVICIVE IT COULD BE IF WOOPERT WETURNS. KEEP OUR NIGE!!!
Posted by: Hoping the FA cup goes to Wales, The other to Lowe on 1:42pm Thu 8 May 08
Not another trio of no hopers,
Not another trio of no hopers,
Posted by: Rich, London on 2:00pm Thu 8 May 08
[quote][bold]Benny Fitt[/bold] wrote:
If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'! [/quote] Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
Benny Fitt wrote:
If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
Posted by: the totton scrutineer, TOTTON on 2:12pm Thu 8 May 08
I'BELIEVE IT WHEN I SEE IT
I'BELIEVE IT WHEN I SEE IT
Posted by: ??? on 2:14pm Thu 8 May 08
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor!
Heres hoping it goes through
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor!
Heres hoping it goes through
Posted by: rational on 2:20pm Thu 8 May 08
[quote][bold]???[/bold] wrote:
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through[/quote] The article says they have "secured the funding".
Of course, it may be that they are only paying for the club in chickens and have just finished rounding them up from the barnyard.........
??? wrote:
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through
The article says they have "secured the funding".
Of course, it may be that they are only paying for the club in chickens and have just finished rounding them up from the barnyard.........
Posted by: Hank on 2:23pm Thu 8 May 08
Cant get too excited about this, not after all the false dawns we have had before.
If it does happen, all it will mean is that new people will be running the club, and with no investment things will remain pretty much as they are now.
Cant get too excited about this, not after all the false dawns we have had before.
If it does happen, all it will mean is that new people will be running the club, and with no investment things will remain pretty much as they are now.
Posted by: Dan, Central Southampton on 2:24pm Thu 8 May 08
Where does it say that they have had to BORROW any money? Securing funds could mean anything really? It could just mean that investments have been shuffled around to secure the spare funds needed to actually purchase the shares with?
Where does it say that they have had to BORROW any money? Securing funds could mean anything really? It could just mean that investments have been shuffled around to secure the spare funds needed to actually purchase the shares with?
Posted by: Anon on 2:27pm Thu 8 May 08
The funding has been secured via an Indian businessman, all imho of course.
The funding has been secured via an Indian businessman, all imho of course.
Posted by: Artful Dodger, Millbrook on 2:44pm Thu 8 May 08
[quote][bold]Rich[/bold] wrote:
[quote][bold]Benny Fitt[/bold] wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'! [/quote] Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before[/quote] That's great Rich! It is ages since we were compared with Liverpool and Manchester United!
Premier League, here we come!
Rich wrote:
Benny Fitt wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
That's great Rich! It is ages since we were compared with Liverpool and Manchester United!
Premier League, here we come!
Posted by: Dont ask, Home on 2:46pm Thu 8 May 08
Keep calm people, the money is in place and enough of it at that.
[bold]Friday[/bold] should a very sunny day.
Keep calm people, the money is in place and enough of it at that.
Friday should a very sunny day.
Posted by: rational on 2:51pm Thu 8 May 08
[quote][bold]Artful Dodger[/bold] wrote:
[quote][bold]Rich[/bold] wrote: [quote][bold]Benny Fitt[/bold] wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'! [/quote] Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before[/quote] That's great Rich! It is ages since we were compared with Liverpool and Manchester United! Premier League, here we come! [/quote] And I look forward to us buying players like Torres!
What do we reckon everyone - Eto'o. Messi?
What the hell, maybe they will get Ronaldo (Christiano of course).
Artful Dodger wrote:
Rich wrote: Benny Fitt wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
That's great Rich! It is ages since we were compared with Liverpool and Manchester United! Premier League, here we come!
And I look forward to us buying players like Torres!
What do we reckon everyone - Eto'o. Messi?
What the hell, maybe they will get Ronaldo (Christiano of course).
Posted by: Mark, Southampton on 2:52pm Thu 8 May 08
Get a few pompey fans in we could attract the other ronaldo! He's attracted to trannies!
Get a few pompey fans in we could attract the other ronaldo! He's attracted to trannies!
Posted by: rational on 2:55pm Thu 8 May 08
[quote][bold]Dont ask[/bold] wrote:
Keep calm people, the money is in place and enough of it at that. [bold]Friday[/bold] should a very sunny day.[/quote] Actually, the BBC weather says it's going to rain....
Dont ask wrote:
Keep calm people, the money is in place and enough of it at that. Friday should a very sunny day.
Actually, the BBC weather says it's going to rain....
Posted by: SAINT BEAN, SOUTHAMPTON on 3:21pm Thu 8 May 08
Fingers crossed! This would be better than Lowe and Wilde getting their grubby little hands on the club. hopefully they **** off and stop trying to put pennies in their own pockets instead off getting the club back to glory it deserves!.....
Fingers crossed! This would be better than Lowe and Wilde getting their grubby little hands on the club. hopefully they **** off and stop trying to put pennies in their own pockets instead off getting the club back to glory it deserves!.....
Posted by: Pedant, Southampton on 3:26pm Thu 8 May 08
[quote][bold]happy[/bold] wrote:
FINGERS CROSSED THIS GOES AHEAD - I DAREN'T THINK HOW DEVICIVE IT COULD BE IF WOOPERT WETURNS. KEEP OUR NIGE!!![/quote] Devicive ? Sounds like you're calling someone a tool. The word you're probably looking for is "divisive". HTH.
happy wrote:
FINGERS CROSSED THIS GOES AHEAD - I DAREN'T THINK HOW DEVICIVE IT COULD BE IF WOOPERT WETURNS. KEEP OUR NIGE!!!
Devicive ? Sounds like you're calling someone a tool. The word you're probably looking for is "divisive". HTH.
Posted by: sensible on 3:30pm Thu 8 May 08
[quote][bold]rational[/bold] wrote:
Sounds really hopeful. A bunch of locals have managed to borrow some cash to buy the shares? Not exactly investment is it? Is this what Leon has been pinning his hopes on all this time? [/quote] I don't think you intended it but your description sounds just like Lowe and his sheep.
Hopefully we will soon have heard the last of them!
rational wrote:
Sounds really hopeful. A bunch of locals have managed to borrow some cash to buy the shares? Not exactly investment is it? Is this what Leon has been pinning his hopes on all this time?
I don't think you intended it but your description sounds just like Lowe and his sheep.
Hopefully we will soon have heard the last of them!
Posted by: Costa Baz on 3:34pm Thu 8 May 08
[quote][bold]???[/bold] wrote:
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through[/quote] Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager.
Let's at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club?
??? wrote:
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through
Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager.
Let's at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club?
Posted by: DJI, Kingsland Centre on 3:34pm Thu 8 May 08
It seems the pint glass is its' usual half-empty down on the south coast!?
All season you've moaned about the need for investment and new players, etc. and Lowe and Wilde gone. Now with the chance of it possibly imminent, you are now questioning how and doubting how far it will go.
It was suggested that the fund is about £50m. To buy the shares, it will take around £10m-£12m and the new company takes over the business with its' debts and revenue streams. The season ticket revenue to date will become theirs as well as any future ticket sales and sales of merchandise (like the new kit). On top of that, selling certain players will generate an income to help with the purchase of new ones. Along with a few shrewd cost cuts, sponsorship and TV revenues and you have a business.
So some of you should welcome this possibility with optimism and trust in those who are skilled enough to raise the capital to use it wisely.
It seems the pint glass is its' usual half-empty down on the south coast!?
All season you've moaned about the need for investment and new players, etc. and Lowe and Wilde gone. Now with the chance of it possibly imminent, you are now questioning how and doubting how far it will go.
It was suggested that the fund is about £50m. To buy the shares, it will take around £10m-£12m and the new company takes over the business with its' debts and revenue streams. The season ticket revenue to date will become theirs as well as any future ticket sales and sales of merchandise (like the new kit). On top of that, selling certain players will generate an income to help with the purchase of new ones. Along with a few shrewd cost cuts, sponsorship and TV revenues and you have a business.
So some of you should welcome this possibility with optimism and trust in those who are skilled enough to raise the capital to use it wisely.
Posted by: Osama Bin Laden, A Cave far far away on 3:36pm Thu 8 May 08
[quote][bold]Costa Baz[/bold] wrote:
[quote][bold]???[/bold] wrote:
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through[/quote] Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager.
Let's at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club? [/quote] Yea money to spend on players from Cheltenham, wrexham, bournemouth and accrington Stanley
Costa Baz wrote:
??? wrote:
It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through
Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager.
Let's at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club?
Yea money to spend on players from Cheltenham, wrexham, bournemouth and accrington Stanley
Posted by: Bingo, Sholing on 3:39pm Thu 8 May 08
Is that why Dave Merrington has been so unnecessarily negative on the BBC over the past few years, he wanted to buy the club. Talk about a conflict of public interest in the BBC!
Is that why Dave Merrington has been so unnecessarily negative on the BBC over the past few years, he wanted to buy the club. Talk about a conflict of public interest in the BBC!
Posted by: rational on 3:46pm Thu 8 May 08
[quote][bold]sensible[/bold] wrote:
[quote][bold]rational[/bold] wrote: Sounds really hopeful. A bunch of locals have managed to borrow some cash to buy the shares? Not exactly investment is it? Is this what Leon has been pinning his hopes on all this time? [/quote] I don\'t think you intended it but your description sounds just like Lowe and his sheep. Hopefully we will soon have heard the last of them![/quote] That was partly my point. But if it is borrowed money (or secured if you prefer), then how is this to be paid for? There is no such thing as free money.
My other concern is whether this will bring nothing new into the finances, plus we will not have any experienced football people in charge again.
sensible wrote:
rational wrote: Sounds really hopeful. A bunch of locals have managed to borrow some cash to buy the shares? Not exactly investment is it? Is this what Leon has been pinning his hopes on all this time?
I don\'t think you intended it but your description sounds just like Lowe and his sheep. Hopefully we will soon have heard the last of them!
That was partly my point. But if it is borrowed money (or secured if you prefer), then how is this to be paid for? There is no such thing as free money.
My other concern is whether this will bring nothing new into the finances, plus we will not have any experienced football people in charge again.
Posted by: rational on 3:49pm Thu 8 May 08
[quote][bold]DJI[/bold] wrote:
It seems the pint glass is its' usual half-empty down on the south coast!? All season you've moaned about the need for investment and new players, etc. and Lowe and Wilde gone. Now with the chance of it possibly imminent, you are now questioning how and doubting how far it will go. It was suggested that the fund is about £50m. To buy the shares, it will take around £10m-£12m and the new company takes over the business with its' debts and revenue streams. The season ticket revenue to date will become theirs as well as any future ticket sales and sales of merchandise (like the new kit). On top of that, selling certain players will generate an income to help with the purchase of new ones. Along with a few shrewd cost cuts, sponsorship and TV revenues and you have a business. So some of you should welcome this possibility with optimism and trust in those who are skilled enough to raise the capital to use it wisely. [/quote] That's the trouble with internet rumours - I read that it was a group connected to Lowe that had the £50m.
DJI wrote:
It seems the pint glass is its' usual half-empty down on the south coast!? All season you've moaned about the need for investment and new players, etc. and Lowe and Wilde gone. Now with the chance of it possibly imminent, you are now questioning how and doubting how far it will go. It was suggested that the fund is about £50m. To buy the shares, it will take around £10m-£12m and the new company takes over the business with its' debts and revenue streams. The season ticket revenue to date will become theirs as well as any future ticket sales and sales of merchandise (like the new kit). On top of that, selling certain players will generate an income to help with the purchase of new ones. Along with a few shrewd cost cuts, sponsorship and TV revenues and you have a business. So some of you should welcome this possibility with optimism and trust in those who are skilled enough to raise the capital to use it wisely.
That's the trouble with internet rumours - I read that it was a group connected to Lowe that had the £50m.
Posted by: Ric Flair on 3:58pm Thu 8 May 08
I would do a better job if I took over, by the time they takeover it will be the 2010/11 season
I would do a better job if I took over, by the time they takeover it will be the 2010/11 season
Posted by: Kate, Andover on 4:16pm Thu 8 May 08
[quote][bold]Costa Baz[/bold] wrote:
[quote][bold]???[/bold] wrote: It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through[/quote] Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager. Let\'s at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club? [/quote] I said we shouldn't have got Nigel Pearson in (at the time when he was brought in) and I have completely changed my mind since then.
Hopefully Dave has too.
Hopefully the funds will come soon.
Hopefully my car will pass it's MOT tomorrow.
Hopefully it will snow at Christmas.
Hopefully I will win the lottery this weekend.
Hoping isn't enough, it won't make it happen. Even if it does, there's no guarantee it will bring financial stability - look at Coventry.
I just want something sorted out one way or the other, quickly.
Costa Baz wrote:
??? wrote: It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through
Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager. Let\'s at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club?
I said we shouldn't have got Nigel Pearson in (at the time when he was brought in) and I have completely changed my mind since then.
Hopefully Dave has too.
Hopefully the funds will come soon.
Hopefully my car will pass it's MOT tomorrow.
Hopefully it will snow at Christmas.
Hopefully I will win the lottery this weekend.
Hoping isn't enough, it won't make it happen. Even if it does, there's no guarantee it will bring financial stability - look at Coventry.
I just want something sorted out one way or the other, quickly.
Posted by: sensible on 4:17pm Thu 8 May 08
[quote][bold]rational[/bold] wrote:
[quote][bold]sensible[/bold] wrote: [quote][bold]rational[/bold] wrote: Sounds really hopeful. A bunch of locals have managed to borrow some cash to buy the shares? Not exactly investment is it? Is this what Leon has been pinning his hopes on all this time? [/quote] I don\'t think you intended it but your description sounds just like Lowe and his sheep. Hopefully we will soon have heard the last of them![/quote] That was partly my point. But if it is borrowed money (or secured if you prefer), then how is this to be paid for? There is no such thing as free money. My other concern is whether this will bring nothing new into the finances, plus we will not have any experienced football people in charge again.[/quote] The possibility is that there is reasonably substantial investment by non-UK investors.
Of course, any investment carries risk but the reward scenario is you can make money if you get into the premiership. Why else would a hedge fund such as SISU buy into football?
As for experience in the sector, we had RL who learnt on the job and failed comprehensively, followed by Hone who also fell short of his objectives. Is running a football club so difficult? The main technical ability required at Saints would appear to be negotiating player contracts and Lee Hoos can do that.
rational wrote:
sensible wrote: rational wrote: Sounds really hopeful. A bunch of locals have managed to borrow some cash to buy the shares? Not exactly investment is it? Is this what Leon has been pinning his hopes on all this time?
I don\'t think you intended it but your description sounds just like Lowe and his sheep. Hopefully we will soon have heard the last of them!
That was partly my point. But if it is borrowed money (or secured if you prefer), then how is this to be paid for? There is no such thing as free money. My other concern is whether this will bring nothing new into the finances, plus we will not have any experienced football people in charge again.
The possibility is that there is reasonably substantial investment by non-UK investors.
Of course, any investment carries risk but the reward scenario is you can make money if you get into the premiership. Why else would a hedge fund such as SISU buy into football?
As for experience in the sector, we had RL who learnt on the job and failed comprehensively, followed by Hone who also fell short of his objectives. Is running a football club so difficult? The main technical ability required at Saints would appear to be negotiating player contracts and Lee Hoos can do that.
Posted by: Martin Wild, Lymington on 4:44pm Thu 8 May 08
I'm a bit surprised that Leon hasn't joined the consortium as I know he will do his best for the club he is a go getter ,not like the other 2 who seem to do nothing for the club !
I'm a bit surprised that Leon hasn't joined the consortium as I know he will do his best for the club he is a go getter ,not like the other 2 who seem to do nothing for the club !
Posted by: Tracey, Southampton on 6:44pm Thu 8 May 08
[quote][bold]Rich[/bold] wrote:
[quote][bold]Benny Fitt[/bold] wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'! [/quote] Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before[/quote] Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.
Rich wrote:
Benny Fitt wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.
Posted by: peter seddon on 6:50pm Thu 8 May 08
if the consortium means that lowe is history and we get to keep mr. pearson, then that will d0o for me.[bold]bold[/bold]
if the consortium means that lowe is history and we get to keep mr. pearson, then that will d0o for me.
Posted by: Tracey, Southampton on 6:59pm Thu 8 May 08
[quote][bold]Tracey[/bold] wrote:
[quote][bold]Rich[/bold] wrote: [quote][bold]Benny Fitt[/bold] wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'! [/quote] Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before[/quote] Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.[/quote] Dickheads
Tracey wrote:
Rich wrote: Benny Fitt wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.
Dickheads
Posted by: Tracey, Southampton on 7:22pm Thu 8 May 08
[quote][bold]Martin Wild[/bold] wrote:
I'm a bit surprised that Leon hasn't joined the consortium as I know he will do his best for the club he is a go getter ,not like the other 2 who seem to do nothing for the club ![/quote] I wouldn't call building a new stadium, giving the manager 7 million to spend or trying (yes I know he failed) to find new investment doing nothing.
Martin Wild wrote:
I'm a bit surprised that Leon hasn't joined the consortium as I know he will do his best for the club he is a go getter ,not like the other 2 who seem to do nothing for the club !
I wouldn't call building a new stadium, giving the manager 7 million to spend or trying (yes I know he failed) to find new investment doing nothing.
Posted by: rational on 7:22pm Thu 8 May 08
[quote][bold]Tracey[/bold] wrote:
[quote][bold]Rich[/bold] wrote: [quote][bold]Benny Fitt[/bold] wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'! [/quote] Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before[/quote] Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.[/quote] Unfortunately, the article (and others preceding this) talk about 'securing' the finances/funding. I'm fairly sure this means borrowing, or persuading a non-fan to put in substantial investment (ie put it in to get something back)
Tracey wrote:
Rich wrote: Benny Fitt wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.
Unfortunately, the article (and others preceding this) talk about 'securing' the finances/funding. I'm fairly sure this means borrowing, or persuading a non-fan to put in substantial investment (ie put it in to get something back)
Posted by: Tracey, Southampton on 7:40pm Thu 8 May 08
[quote][bold]rational[/bold] wrote:
[quote][bold]Tracey[/bold] wrote: [quote][bold]Rich[/bold] wrote: [quote][bold]Benny Fitt[/bold] wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'! [/quote] Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before[/quote] Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.[/quote] Unfortunately, the article (and others preceding this) talk about 'securing' the finances/funding. I'm fairly sure this means borrowing, or persuading a non-fan to put in substantial investment (ie put it in to get something back)[/quote] Investors always want a return on the money no matter if they are fans or not. If it does turn out to be borrowed money then I'd be worried about Saints ability to repay it so a rich non-fan will do nicely.
rational wrote:
Tracey wrote: Rich wrote: Benny Fitt wrote: If they have had to BORROW money to buy shares, it does not look very likely that they will have any cash to spend on players! If the number of current season ticket holders who have claimed that they will not renew for next season, is true, then there will not be a great deal of cash from that source either. Maybe the new shirt will be a 'sell-out'! I can't help thinking that it would be a case of 'jumping from the frying pan, into the fire'!
Er, how they might choose to finance any share deal does not necessarily indicate how much they can put into the club. Look at the Glazers Man U purchase, or even more relevant, Liverpool - this did not seem to stop them finding lots of cash for Torres and the multiple others at huge cost, way more than Liverpool ever spent before
Man U and Liverpool are global brands though so they can sell loads more merchandise and they get bigger crowds. If this consortium has borrowed the money then this could be very bad news but the feeling I get is the consortium is either a group of rich individuals or companies with money in the bank negating the need to borrow - so fingers crossed.
Unfortunately, the article (and others preceding this) talk about 'securing' the finances/funding. I'm fairly sure this means borrowing, or persuading a non-fan to put in substantial investment (ie put it in to get something back)
Investors always want a return on the money no matter if they are fans or not. If it does turn out to be borrowed money then I'd be worried about Saints ability to repay it so a rich non-fan will do nicely.
Posted by: Mike, Totton on 7:52pm Thu 8 May 08
No, it's not investment. But anyone buying shares must do so in the knowledge that funds for investment are available. Why else buy shares in a company haemorhaging money?
No, it's not investment. But anyone buying shares must do so in the knowledge that funds for investment are available. Why else buy shares in a company haemorhaging money?
Posted by: Kevin, Maybush on 7:53pm Thu 8 May 08
I thought it was the Receiver of Wrecks that bought sinking ships!
I thought it was the Receiver of Wrecks that bought sinking ships!
Posted by: sainthog7, heres&now on 7:58pm Thu 8 May 08
can you see lowe 6 co selling their golden goose they are not fans just business men who like to be in the limelight & filling their pockets say no to lowe&SUPPORT the SAINTS
can you see lowe 6 co selling their golden goose they are not fans just business men who like to be in the limelight & filling their pockets say no to lowe&SUPPORT the SAINTS
Posted by: Condor Man, Southampton on 8:02pm Thu 8 May 08
I think the club read this division wrong from the offset.
Back in 2005 Redkrapp was looking to spend silly money on Diomansy Kamara and Clinton Morrison. Quite rightly Lowe said no and in came Ricardo Fuller.
Back in 2006 we spent BIG on Rasiak, Skacel, Viafara and Davis but the bubble burst when we missed out on the playoffs.
Only recently have the club got it right. In comes Chris Perry, a rock at the back, from Luton. In comes Stern John, legend in this division, as a makeweight for Kenwyne Jones.
I don't think money is the answer, the need to make shrewed signings is. Pearson looks like he can do this. If he can secure Perry and Wright we'll have a spine with Safri, Euell (yes him) and John. With good youngsters still coming through it will take 2 years to get into the promotion hunt. Let's hope the club stick with him.
I think the club read this division wrong from the offset.
Back in 2005 Redkrapp was looking to spend silly money on Diomansy Kamara and Clinton Morrison. Quite rightly Lowe said no and in came Ricardo Fuller.
Back in 2006 we spent BIG on Rasiak, Skacel, Viafara and Davis but the bubble burst when we missed out on the playoffs.
Only recently have the club got it right. In comes Chris Perry, a rock at the back, from Luton. In comes Stern John, legend in this division, as a makeweight for Kenwyne Jones.
I don't think money is the answer, the need to make shrewed signings is. Pearson looks like he can do this. If he can secure Perry and Wright we'll have a spine with Safri, Euell (yes him) and John. With good youngsters still coming through it will take 2 years to get into the promotion hunt. Let's hope the club stick with him.
Posted by: rational on 8:20pm Thu 8 May 08
[quote][bold]sainthog7[/bold] wrote:
can you see lowe 6 co selling their golden goose they are not fans just business men who like to be in the limelight & filling their pockets say no to lowe&SUPPORT the SAINTS[/quote] If they are in it for the money, they are coming to the wrong place as we have none and are losing it by the bucketful. They can only profit if we are successful, which can only be good for the club.
If they are in it for the limelight, then they can only look good with success, which can only be good for Saints.
sainthog7 wrote:
can you see lowe 6 co selling their golden goose they are not fans just business men who like to be in the limelight & filling their pockets say no to lowe&SUPPORT the SAINTS
If they are in it for the money, they are coming to the wrong place as we have none and are losing it by the bucketful. They can only profit if we are successful, which can only be good for the club.
If they are in it for the limelight, then they can only look good with success, which can only be good for Saints.
Posted by: tommac, london on 9:04pm Thu 8 May 08
Beware fans. Strange deals afoot to guarantee Saints more mediocrity.
Be sure you question everything.....
Beware fans. Strange deals afoot to guarantee Saints more mediocrity.
Be sure you question everything.....
Posted by: Mike, Southampton on 10:13pm Thu 8 May 08
I think Lowe will reject this offer and any other offer put forward for the club.
I think Lowe will reject this offer and any other offer put forward for the club.
Posted by: Me, At home on 10:20pm Thu 8 May 08
What's up tommac? Envious that your 'pot-less' offer was turned down?
What's up tommac? Envious that your 'pot-less' offer was turned down?
Posted by: AK47, In the War Zone on 11:54pm Thu 8 May 08
To all real Saints Fans, I am afriad that I have to come clean, koz I'm a Crap-hat and I am speaking complete jiberish too anyone that does not understand what I am on about? Basically I am a raging Walter Mitty that thinks that Rupert Lowe is the one true God and that any other Red & White pure bloded fan is a Pleb!
And if you don't agree with me, then watch out koz I've got an AK47 (A very basic weapon that is given to Hats in the security bizzness)and I will come and scare you with it! (Koz I could not use it effectively if my life depended on it, and would not know crack & thump if it clipped me behind the ear!)
SORRY
To all real Saints Fans, I am afriad that I have to come clean, koz I'm a Crap-hat and I am speaking complete jiberish too anyone that does not understand what I am on about? Basically I am a raging Walter Mitty that thinks that Rupert Lowe is the one true God and that any other Red & White pure bloded fan is a Pleb!
And if you don't agree with me, then watch out koz I've got an AK47 (A very basic weapon that is given to Hats in the security bizzness)and I will come and scare you with it! (Koz I could not use it effectively if my life depended on it, and would not know crack & thump if it clipped me behind the ear!)
SORRY
Posted by: St. Paul, Heaven on 11:20am Fri 9 May 08
what worries me is that if these guys borrow the money to buy the shares, they'll just put the debt straight onto the club!!!
what worries me is that if these guys borrow the money to buy the shares, they'll just put the debt straight onto the club!!!
Posted by: Kate, Andover on 3:04pm Fri 9 May 08
[quote][bold]Kate[/bold] wrote:
[quote][bold]Costa Baz[/bold] wrote: [quote][bold]???[/bold] wrote: It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through[/quote] Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager. Let\'s at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club? [/quote] I said we shouldn't have got Nigel Pearson in (at the time when he was brought in) and I have completely changed my mind since then. Hopefully Dave has too. Hopefully the funds will come soon. Hopefully my car will pass it's MOT tomorrow. Hopefully it will snow at Christmas. Hopefully I will win the lottery this weekend. Hoping isn't enough, it won't make it happen. Even if it does, there's no guarantee it will bring financial stability - look at Coventry. I just want something sorted out one way or the other, quickly.[/quote] Good news - my car passed it's MOT - surely that's a good sign........??
LOL :)
Kate wrote:
Costa Baz wrote: ??? wrote: It doesnt say anywhere that they had to BORROW money, also dave merrington has said on more than one occasion that if they took control, the manager would have money to spend on players, these guys are far from poor! Heres hoping it goes through
Merrington also said he would not have employed Pearson, after Crouch took him on, so we could still be looking for a new manager. Let\'s at least hope they make an offer and that it satisfies that megalomaniac Lowe. Should the offer be rejected then I only hope the size of the offer is made public as soon as is legally possible so Lowe can be judged by the supporters. It would be fascinating to know if a refusal to sell is due to the offer not being good enough for the club or not good enough for Lowe, which I feel are two entirely different things. How much money would it take for Lowe to sell his shares and keep his smug mug out of the media spotlight generated by a football club?
I said we shouldn't have got Nigel Pearson in (at the time when he was brought in) and I have completely changed my mind since then. Hopefully Dave has too. Hopefully the funds will come soon. Hopefully my car will pass it's MOT tomorrow. Hopefully it will snow at Christmas. Hopefully I will win the lottery this weekend. Hoping isn't enough, it won't make it happen. Even if it does, there's no guarantee it will bring financial stability - look at Coventry. I just want something sorted out one way or the other, quickly.
Good news - my car passed it's MOT - surely that's a good sign........??
LOL :)
Posted by: AK47, Days to Do getting Few on 6:09pm Fri 9 May 08
seems there are a few imposters on here.
Tommac and another AK47 !!! They made me chuckle. I had hoped to be reading on the web that we had at long last been taken over, but alas not.
To the other AK47, yes the AK47 is very popular and simple to use throughtout the world, Even the IRA had them. However it is not a weapon that I have or would use. but I do have one. It is always close to my sid eshould I have cause to use it. By the way Im not part of the blackwater crew or involved with clandestine security operations. Just a member of the coalition forces. Have a nice day now. keep up the humour
seems there are a few imposters on here.
Tommac and another AK47 !!! They made me chuckle. I had hoped to be reading on the web that we had at long last been taken over, but alas not.
To the other AK47, yes the AK47 is very popular and simple to use throughtout the world, Even the IRA had them. However it is not a weapon that I have or would use. but I do have one. It is always close to my sid eshould I have cause to use it. By the way Im not part of the blackwater crew or involved with clandestine security operations. Just a member of the coalition forces. Have a nice day now. keep up the humour
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