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Still talking over Saints


THE two frontrunners to buy Saints insist they remain in the mix to complete a purchase of the club as anxious fans desperately await more developments.

Both the Matt Le Tissier backed Pinnacle group and a consortium containing Marc Jackson, which is being led by businessman Stuart Green and whose bid is understood to be worth a potential total of £15m, have confirmed to the Daily Echo that they are still pursuing their interests in the club.

Click below to see a video of today's headlines in sixty seconds

Speculation remains over a third mystery bidder waiting in the wings, Echo reporters write.

Administrator Mark Fry has been locked in days of meetings to try to get to the stage of having a preferred bidder and said on Monday he expected to have made an announcement to that effect by the end of yesterday. However, yet another day came and went without developments.

Encouraging news for Saints fans is that the potential purchasers still appear to have a covetous eye cast towards St Mary’s and things could still move forward quickly.

A source close to the bid fronted by Green told the Daily Echo last night that their offer is for an initial £8m with a further £2m deferred and another £5m dependant on promotions, ultimately back to the Premiership.

The source added that the bid had been lodged for over a week and has £500,000 by way of an advance ready to go to cover this month’s wage bill.

Pinnacle were last night understood to be trying to get themselves into a position to be Fry’s preferred bidder. Le Tissier, backing a bid managed by Pinnacle rather than fronting it, spoke briefly about the situation as he re-opened the Pilgrim Inn pub in Marchwood which started life in 1976, Saints’ FA Cup final winning year.

He said: “Things are ongoing and it would be wrong of me to say any more at the moment.”

Le Tissier said an initial announcement would be made by the administrator. Asked yesterday lunchtime when that was likely to be he said: “Possibly within the next 24 hours.”

When contacted by the Daily Echo, former Centerprise director Green wouldn’t comment on precise financial details but insisted he hasn’t given up on landing the club for his consortium and hopes a decision will be made sooner rather than later.

Green said: “We are still in the mix, but that is probably about all I can say at this stage. It is really down to Mark Fry now to see what he does. He was supposedly meant to make a decision today (yesterday), but every day that goes by is another day lost. The danger is that if the administrator doesn’t take any offers then the club is still spending money and as an administrator he has a fairly tight set of terms of reference.

“Regardless of what the bid is, it does not take a rocket scientist to know how much you need to run the facility. I think everyone is feeling the pressure and I hope there is a resolution soon, whether it is our group or a competitor’s bid. My overriding concern is to ensure that the club survives.”

Fry was unavailable for comment.

Comments(60)

UTS says...
6:37am Thu 14 May 09

Marc Jackson and Stuart Green, no thanks. Two Rupert Lowe luvvies who would be a disaster.

saintforever says...
7:01am Thu 14 May 09

dont want anyone who might let rupert in through the back door - what a smack in the face that would be.

mastershot100 says...
7:13am Thu 14 May 09

£15m.What a joke.
Thats not my idea of a major player in a bid for the club.
If that is the way it is going to pan out in the end we are going to end up with a 3rd.rate team.
I know I will never see Prem.football in my life time.

Bigrich1980 says...
7:16am Thu 14 May 09

£15M is why they are interested, that bid will wipe the debt out. THe club is only worth about £2M. The other £13M will be offered to Barclays and Norwich Union to wipe of the debt. Probably £3M to barclays and £10M to pay of the stadium debt. That way they get a club that potentially could be worth a lot more and is debt free.

UTS says...
7:31am Thu 14 May 09

Bigrich1980 wrote:
£15M is why they are interested, that bid will wipe the debt out. THe club is only worth about £2M. The other £13M will be offered to Barclays and Norwich Union to wipe of the debt. Probably £3M to barclays and £10M to pay of the stadium debt. That way they get a club that potentially could be worth a lot more and is debt free.
They are only interested in a 'pay day' esp Jackson.

Lets hope MLT takesover or some other worthy party. But certainly not Jackson or Green sat in the boardroom. Two sad stirring Lowe luvvies.

Patrick80's says...
7:48am Thu 14 May 09

Would you buy a Horse from this Man !

Security Word: Blue-Tape

Southampton boy says...
7:56am Thu 14 May 09

Who is waiting in the wings?? give Mr Fry a push he needs to get this sorted ASAP we need to start building a team now and we also need to get a manager that has some idea on how to play football then who ever it is in charge needs to give that manager a free hand not keep their hands tied like RL did, it only cost £15m to buy the club then that could be good as it would leave the people with more money to spend on players and a goood manager

Security word "rare push"

NewforestSaint says...
8:04am Thu 14 May 09

Come on Mr Fry do your best we are all desperate for some good news.

Charlie George's Lawnmower says...
8:04am Thu 14 May 09

Got nothing to say, but the security words are:

"Lady-hole"

I kid you not.

gregsoton says...
8:21am Thu 14 May 09

I dont trust this MJ and SG bid. It seems more of a business venture than a football venutre which concerns me. We need someone who is prepared to invest in transfers otherwise we will be stuck in the lower devisions for many years to come.

wellow werdna says...
8:25am Thu 14 May 09

Love the picture, Matt le tiss and Terry Hurlock one hour before kick off, and i bet we still won the game!!

CHEESLEY says...
9:02am Thu 14 May 09

Some one was asked last night on Radio 5 what they were looking forward to next season,answer came back from a saints surporter "OUR SEASON IS OVER BEFORE WE START"

Really this some up what is going on at the moment , the players do not know who is going to buy the club , will they have a new manager? or will if all goes pear shape, be in the Confrence(thoes who read the non-leaque paper will notice we have been mentioned in the last 3 issues)

COME ON YOU SAINTS

Solent Saint says...
9:11am Thu 14 May 09

UTS wrote:
Bigrich1980 wrote: £15M is why they are interested, that bid will wipe the debt out. THe club is only worth about £2M. The other £13M will be offered to Barclays and Norwich Union to wipe of the debt. Probably £3M to barclays and £10M to pay of the stadium debt. That way they get a club that potentially could be worth a lot more and is debt free.
They are only interested in a 'pay day' esp Jackson. Lets hope MLT takesover or some other worthy party. But certainly not Jackson or Green sat in the boardroom. Two sad stirring Lowe luvvies.
LOL. The fans would not even stump up £30K for the all-stars match. Love Lowe or not, get football flowing quickly or another 17 points.

Portswood Pete says...
9:18am Thu 14 May 09

Very good, slag off the new owner before they've even bought the club!! If we have a choice (which we don't of course) between going out of business and this jackson bloke, I'd go for this Jackson bloke and then see what he does, he may turn out to be just the man, who knows? How does anyone know he will bring Lowe back? Has he said he would? Not that I've seen. Slag him off for what he does, if he gains control, not for what he might do.

allsaintsnocurves says...
9:20am Thu 14 May 09

If the third bid waiting in the wings is the one I was hoping for then I can tell you there is a lot of money in that investment!

Keep your fingers crossed!! I just hope it's all over soon.

SomersetSaint says...
9:22am Thu 14 May 09

Surely they need to sort this mess within next 48hrs and get on with selling some season tickets?!! Marc Jackson failed to come up with the promised funds at Bournemouth last year, so doubt we can trust him! How long do we wait for the "last minute mystery buyer", when if they were that serious they'd have been in at the outset?

St.Yorkie says...
9:23am Thu 14 May 09

I like the offer of "potentially £15m" sounds like £2m up front - then if.....up to £15m. Sounds very much like the offer we refused last season from that other lot of charlatans that eventually went to Coventry!
This is a very sad state of affairs. Our club is going to auction - and it seems Mr Fry is holding out for the best offer for the creditors.
All we need is a sale agreed quickly - sort out this CVA thing (but the club is not in administration - so why?) so we don't get docked more points.
Anyway where is the challenge against the -10 points? Surely without that mill-stone around our necks we would be more attractive proposition?

Invidia says...
9:40am Thu 14 May 09

lemsip wrote:
Appently third party waiting in the wings is Madonna...after having her african adoption turned down she has turn her interet to Brad Wright-Phillips
I never trusted this bloke after the "hand of god" fiasco

UTS says...
9:42am Thu 14 May 09

Any truth that Lowe associates and former incompetent directors, Dave Jones and Andrew Cowen are part of Greens Plans ?

season ticket holder says...
9:57am Thu 14 May 09

Norwich relegated with us.Already 2 directors have resigned and they have so far sold 18,000 season tickets.If Lowe or any one of his cronies is involved we will be lucky to sell 1,800.Security word "lord-hear". That can,t be right. I will have to shout louder.

Portswood Pete says...
9:59am Thu 14 May 09

UTS wrote:
Any truth that Lowe associates and former incompetent directors, Dave Jones and Andrew Cowen are part of Greens Plans ?
Probably not but that won't stop the web warriors from slagging him off. Isn't Jones the Financial director at St Marys and has survived every cull so far? He must be doing something right.


lemsip says...
10:11am Thu 14 May 09

Invidia wrote:
lemsip wrote: Appently third party waiting in the wings is Madonna...after having her african adoption turned down she has turn her interet to Brad Wright-Phillips
I never trusted this bloke after the "hand of god" fiasco
Ha ha...yer apperently he wants to use st marys as a crack den

geordie saint says...
10:19am Thu 14 May 09

allsaintsnocurves wrote:
If the third bid waiting in the wings is the one I was hoping for then I can tell you there is a lot of money in that investment! Keep your fingers crossed!! I just hope it's all over soon.
come on spill the beans, we need to know

BIg-Al says...
10:24am Thu 14 May 09

Bigrich1980 wrote:
£15M is why they are interested, that bid will wipe the debt out. THe club is only worth about £2M. The other £13M will be offered to Barclays and Norwich Union to wipe of the debt. Probably £3M to barclays and £10M to pay of the stadium debt. That way they get a club that potentially could be worth a lot more and is debt free.
The Barclasy debt is all they have to worry about - the stadium loan is a mortgage so repayments can be renegotiated with Norwich Union at a preferred affordable rate. With the sale of a few key players (Lallana, Surman, Dyer and, dare I say it, Davis) we would have a enough money to buy an expereinced hard-nosed beefy bully-boy striker. Surely this is a good start?

greystonesben says...
10:25am Thu 14 May 09

Doing something right? Overseeing (as the FINANCIAL DIRECTOR) the financial downfall of our club?

Yes, yes, he has done a marvellous job.

He should go too.

NO to Marc Jackson! Fat oompa loompa wanna be. St Mary's has enough Photocopying Machines thank you, that is all you are good for.

If we trust this man, and Fry falls for his lies we will end up losing a serious bidder. Fy couldnt prove funds for Bournemouth on a considerablely less expensive venture, he would have no hope getting the funds needed for us.

Do Saints fans a favour Marc and stick to Photcopying.

greystonesben says...
10:28am Thu 14 May 09

Portswood Pete wrote:
UTS wrote: Any truth that Lowe associates and former incompetent directors, Dave Jones and Andrew Cowen are part of Greens Plans ?
Probably not but that won't stop the web warriors from slagging him off. Isn't Jones the Financial director at St Marys and has survived every cull so far? He must be doing something right.
My last comment was meant to have quoted this one...

Portswood Pete says...
10:35am Thu 14 May 09

greystonesben wrote:
Doing something right? Overseeing (as the FINANCIAL DIRECTOR) the financial downfall of our club?

Yes, yes, he has done a marvellous job.

He should go too.

NO to Marc Jackson! Fat oompa loompa wanna be. St Mary's has enough Photocopying Machines thank you, that is all you are good for.

If we trust this man, and Fry falls for his lies we will end up losing a serious bidder. Fy couldnt prove funds for Bournemouth on a considerablely less expensive venture, he would have no hope getting the funds needed for us.

Do Saints fans a favour Marc and stick to Photcopying.
There are problems with believing everything you read on the internet mate, a lot of it just isn't true! I tend to go by facts, which are hard to come by in this, so I'll go by peoples actions, rather than what some nitwit on an internet board says he heard from his mates' mums' hairdresser. Ifv it's Jackson or nothing, I'll go with Jackson and hope for the best, if he aint got the money, he won't get the job, end of.

Jason D says...
10:43am Thu 14 May 09

I sometimes wonder if some of the contributors to this page are impatient for a decision to be made because they can't wait to have something else to moan about.

No doubt any bid that is accepted will be the wrong one and (despite the fact the alternative is going out of business) will (a) not bring enough investment, (b) is from someone you don't like who is only in it to fleece the club and make money and (c) was the nephew of Rupert Lowe's second cousin in a former life.

ourkid1984 says...
10:47am Thu 14 May 09

I just want anyone now to come out and buy the club.

I don't care if someone once supported Lowe, after all Wilde once supported Crouch. All I care is that the club is brought and that they have enough left over to buy some decent players for a better infurstructure. I thought there was a deadline day for bids, so I want to know why are there still bids being accepted? The way I look at it is if anyone was really interested in buying the club they would of showed interest way before now.

Surely with all of these supposed meetings going on surely Fry has a good idea who the preffered bidder is by now, or is there something we don't know? Knowing my club that I support the answer, like always is probably 'yes' there's loads of things we don't know.

Come on Mr Fry make a decision! Come on Saints fans stop being negative about potential buyers before they have even taken over and come on potential buyers show that you actually want the club!

On the point of the game that was cancelled because of poor ticket sales. I'm quite pleased in a way that it didn't go ahead, £20 for over 16's to support paying the players! What a joke, us fans have done enough to support the players in more ways than one. How come they aren't offering to cut some of their wages.

Charlie George's Lawnmower says...
10:50am Thu 14 May 09

I have it on good authority from a source very close to the deal that....













Rocky will fight Apollo Creed.

The Exiled Saint says...
11:04am Thu 14 May 09

Ok! Let’s see if I’m missing something.

There are 16 Premiership clubs that are currently up for sale; at least five Championship outfits are in a similar position and it’s best not even thinking about the financial condition of the other clubs in the Football League.

Three clearing banks have needed help from the State, another is only surviving thanks to a tremendous loan from Saudi Arabia; the world’s auto industry (including a Southampton major employer) is in freefall and the Western Wold is going to hell in a handcart. And yet there are some who think they can pick who the Administrator should choose to buy the club!

Me? Well I don’t give a fiddler’s ****, who takes over the club, as long as the money is clean, though seeing who the football authorities consider as fit and proper, I’m not holding me breath on that one.

I go to see 22 guys play football; I don’t go to St Mary’s to watch the Board of Directors. My only wish is that we dump all those associated with our past and in doing so hope we can start afresh.

But, I’m not holding my breath on that one, either.

letiss25 says...
11:13am Thu 14 May 09

why did mark fry even bother saying wednesday was the deadline? its just messing about fans with no apology.

SW11_Saint says...
11:13am Thu 14 May 09

Perhaps Fry is taking his time as the 3rd "mystery bidder" is the one that really appeals to him?

Beggars can't be choosers, but from what I've heard the Jackson bid doesn't sound compelling for a number of reasons, not least of which is the chance of letting Lowe back via the back-door. NO THANK YOU!

Mr. Fry - we're relying on you to do the right thing. I am sure you will.

Patrick80's says...
11:14am Thu 14 May 09

wellow werdna wrote:
Love the picture, Matt le tiss and Terry Hurlock one hour before kick off, and i bet we still won the game!!
Who is the Chap in the Hat !

Security Word base-tall

saint Compo says...
11:15am Thu 14 May 09

The administrator's job is to maximise the amount it can get for the PLC and its creditors in selling the latter's asset, the football club (subsidiary company). Much has been made, quite rightly, about the fact the football club is not in administration.

What the fans want is a buyer who is able to inject substantial additional funds into the football club itself after it has been bought.

Strictly, the administrator is not obliged to evaluate the bids on the basis of how much money the buyer will put into the football club itself. From the fans point of view we may not get the best deal for the Saints.

The £15 million quoted is probably just what the buyer would pay for the football club, none of which puts the Saints finances onto a better footing. How much more money they are able and willing to stump up to boost the future prospects of the football club is another matter. As I say, this is not strictly a factor for the administrator to consider when deciding who is the 'preferred' bidder.

COYR

Red & White Never Blue, Bitterne says...
11:19am Thu 14 May 09

Why the photo with Matt "He's got a big nose" Le Tiss and the bloke with the beer glass in his hand ? What's that all about ?

greystonesben says...
12:01pm Thu 14 May 09

Portswood Pete wrote:
greystonesben wrote: Doing something right? Overseeing (as the FINANCIAL DIRECTOR) the financial downfall of our club? Yes, yes, he has done a marvellous job. He should go too. NO to Marc Jackson! Fat oompa loompa wanna be. St Mary's has enough Photocopying Machines thank you, that is all you are good for. If we trust this man, and Fry falls for his lies we will end up losing a serious bidder. Fy couldnt prove funds for Bournemouth on a considerablely less expensive venture, he would have no hope getting the funds needed for us. Do Saints fans a favour Marc and stick to Photcopying.
There are problems with believing everything you read on the internet mate, a lot of it just isn't true! I tend to go by facts, which are hard to come by in this, so I'll go by peoples actions, rather than what some nitwit on an internet board says he heard from his mates' mums' hairdresser. Ifv it's Jackson or nothing, I'll go with Jackson and hope for the best, if he aint got the money, he won't get the job, end of.
This is not something I have heard from a mates, mums, hairdresser Pete.

Jackson failed in an attempt to buy Bournemouth. FACT

Jackson used to work as a photocopier salesman. FACT

Jackson was very close to Lowe. FACT

Use these 'FACTS' as you will but given the CHOICE, I would prefer a different buyer.

Without the choice, I would take Hitler himself if it meant us going out of business, but why Fry is entertaining this mug with other more serious bidders still interested I dont know.

Portswood Pete says...
1:01pm Thu 14 May 09

greystonesben wrote:
Portswood Pete wrote:
greystonesben wrote: Doing something right? Overseeing (as the FINANCIAL DIRECTOR) the financial downfall of our club? Yes, yes, he has done a marvellous job. He should go too. NO to Marc Jackson! Fat oompa loompa wanna be. St Mary's has enough Photocopying Machines thank you, that is all you are good for. If we trust this man, and Fry falls for his lies we will end up losing a serious bidder. Fy couldnt prove funds for Bournemouth on a considerablely less expensive venture, he would have no hope getting the funds needed for us. Do Saints fans a favour Marc and stick to Photcopying.
There are problems with believing everything you read on the internet mate, a lot of it just isn't true! I tend to go by facts, which are hard to come by in this, so I'll go by peoples actions, rather than what some nitwit on an internet board says he heard from his mates' mums' hairdresser. Ifv it's Jackson or nothing, I'll go with Jackson and hope for the best, if he aint got the money, he won't get the job, end of.
This is not something I have heard from a mates, mums, hairdresser Pete.

Jackson failed in an attempt to buy Bournemouth. FACT

Jackson used to work as a photocopier salesman. FACT

Jackson was very close to Lowe. FACT

Use these 'FACTS' as you will but given the CHOICE, I would prefer a different buyer.

Without the choice, I would take Hitler himself if it meant us going out of business, but why Fry is entertaining this mug with other more serious bidders still interested I dont know.
Putting it in upper case doesn't maker it so. The first two are facts and not up to debate, the B'mouth TO is a matter of record and Jackson admitted he once sold photocopiers, why does that mean he can't take us over? If he's got the wherewithall then fair enough. As for being close to Lowe that is not a fact, as far as I'm aware Jackson has met him a few times, well so have a lot of people it doesn't make them bad people you know. I just wish people would speak as they find.

vogon says...
1:03pm Thu 14 May 09

Before geeting all your hopes up about new owners and money they may or may not make available, remember that the administrator's priority is to the club's creditors so the more money that is squeezed out of the new owners the less they have available to spend.

St.Yorkie says...
1:12pm Thu 14 May 09

I'm getting very bored with all this...we should be dead and buried by now according to all the publicity leading up to the last couple of home games. So where do we stand?
It's not the lack of information that bugs me - will we have a team to follow next season or not? I need to be planning awaydays and alike and getting in queues for tickets.
The people I feel sorry for are the genuine staff at the club whose lives must be in absolute turmoil. Perhaps we should spare a thought for them?
Never mind playing at SMS - let's use a pitch down the Common. I bet the groundman there is cheap, and there is more than enough catering facilities and parking for the away fans!
On a serious note - the enjoyment of football was lost long ago - it's all about meeting friends and acquaintances these days, since those in charge killed the team spirit.
Money, money, money - we have none and yet Man U have a player (a single player valued at 10 times our club!) Then again 10 times nothing is still nothing!

worried of e sussex says...
1:12pm Thu 14 May 09

vogon wrote:
Before geeting all your hopes up about new owners and money they may or may not make available, remember that the administrator's priority is to the club's creditors so the more money that is squeezed out of the new owners the less they have available to spend.
good point they want to keep any funds available for the purchase of players a secret otherwise the creditors will want it

Dickosfc says...
1:30pm Thu 14 May 09

Jason D wrote:
I sometimes wonder if some of the contributors to this page are impatient for a decision to be made because they can't wait to have something else to moan about. No doubt any bid that is accepted will be the wrong one and (despite the fact the alternative is going out of business) will (a) not bring enough investment, (b) is from someone you don't like who is only in it to fleece the club and make money and (c) was the nephew of Rupert Lowe's second cousin in a former life.
Good post... Some people can be so depressing!! Moan, moan, moan..

Fa cup final, moan,moan,moan

Europe, moan, moan, moan.

Surley life would be much better if people were happy and optamistic!!

If people were like this back in the day then we wouldn't have a club at all.

"shall we build a club for the city of Southampton??

Nah it'll be sh*t, we wont get anywhere, moan, moan, moan"

Cheer up!!

Could have been worse, could have been born in that smelly fish market down the road and bedding your sister!!

Parksey says...
1:42pm Thu 14 May 09

I've been reading all the reports and comments on here about Saints' situation for a couple of weeks now, and they're nothing short of hilarious.

I'm not sure why some of the contributors seem to think that the administrator owes the fans (or even the media for that matter) some sort of obligation to provide regular updates on the sale of the club?

The administrator's duty is to the creditors of the PLC, in ensuring that the best result is achieved for them and not the actual club. As others have correctly put it, this may very well mean that the club is sold to someone who may not actually have the means for any significant long-term investment...

From the PLC's creditors' perspective, a £15m bid is better than a £10m bid with a promise of £10m investment in players, as this gives the creditors the better return. Of course, this arguably isn't in the club's best interests, but unfortunately that isn't the administrator's job here.

The administrator is understandably going to keep his cards close to his chest in terms of the bids currently on the table, as it'll jeopardise other/new bids if he's continually reporting to the local media who is interested and at what level.

An announcement will be made when a decision has been reached, simple as that. In the meantime, this continued speculation and rumour as to what is going on is pointless (but admittedly very entertaining to read!).

worried of e sussex says...
2:18pm Thu 14 May 09

Could the administrator start a small fire with black smoke riseing above St Marys and when a new pope - sorry buyer has been chosen the smoke turns white? (and red)

stmalcolm says...
2:53pm Thu 14 May 09

The plc goes from administration to bankruptcy when Barclays will not finance the overdraft any longer or Norwich Union get fed up waiting for the next mortgage payment. Barclays are going to threaten to pull the plug as they want their £££, however while Mr Fry is still negotiating they will have a chance of getting some or all of their money and are unlikely to move to the next stage. All timings are flexible. Any lawyers care to add to this ? Hard that it may be, no news is good news and the next news will be a new owner or the bankruptcy court. I wish Mr Fry the best of success in selling a difficult asset. Ask yourself would you buy something likely to lose money while you own it ? Let's all hope that we will be back in SMS later in the year.

LeC7 says...
3:07pm Thu 14 May 09

worried of e sussex wrote:
Could the administrator start a small fire with black smoke riseing above St Marys and when a new pope - sorry buyer has been chosen the smoke turns white? (and red)
Classic, that's the best post i've read on here in a long time!

geordie saint says...
3:12pm Thu 14 May 09

stmalcolm wrote:
The plc goes from administration to bankruptcy when Barclays will not finance the overdraft any longer or Norwich Union get fed up waiting for the next mortgage payment. Barclays are going to threaten to pull the plug as they want their £££, however while Mr Fry is still negotiating they will have a chance of getting some or all of their money and are unlikely to move to the next stage. All timings are flexible. Any lawyers care to add to this ? Hard that it may be, no news is good news and the next news will be a new owner or the bankruptcy court. I wish Mr Fry the best of success in selling a difficult asset. Ask yourself would you buy something likely to lose money while you own it ? Let's all hope that we will be back in SMS later in the year.
This man is correct,all we can do is hope to get the right people

mastershot100 says...
3:36pm Thu 14 May 09

Parksey wrote:
I've been reading all the reports and comments on here about Saints' situation for a couple of weeks now, and they're nothing short of hilarious. I'm not sure why some of the contributors seem to think that the administrator owes the fans (or even the media for that matter) some sort of obligation to provide regular updates on the sale of the club? The administrator's duty is to the creditors of the PLC, in ensuring that the best result is achieved for them and not the actual club. As others have correctly put it, this may very well mean that the club is sold to someone who may not actually have the means for any significant long-term investment... From the PLC's creditors' perspective, a £15m bid is better than a £10m bid with a promise of £10m investment in players, as this gives the creditors the better return. Of course, this arguably isn't in the club's best interests, but unfortunately that isn't the administrator's job here. The administrator is understandably going to keep his cards close to his chest in terms of the bids currently on the table, as it'll jeopardise other/new bids if he's continually reporting to the local media who is interested and at what level. An announcement will be made when a decision has been reached, simple as that. In the meantime, this continued speculation and rumour as to what is going on is pointless (but admittedly very entertaining to read!).
Well put.You have got that spot-on.
Div.2 here we come.

Linesman says...
4:26pm Thu 14 May 09

lemsip wrote:
Invidia wrote:
lemsip wrote: Appently third party waiting in the wings is Madonna...after having her african adoption turned down she has turn her interet to Brad Wright-Phillips
I never trusted this bloke after the "hand of god" fiasco
Ha ha...yer apperently he wants to use st marys as a crack den
Crack den!!!

Doesn't he know the club has gone to pot?


dannyfloyd says...
4:27pm Thu 14 May 09

mastershot100 wrote:
Parksey wrote: I've been reading all the reports and comments on here about Saints' situation for a couple of weeks now, and they're nothing short of hilarious. I'm not sure why some of the contributors seem to think that the administrator owes the fans (or even the media for that matter) some sort of obligation to provide regular updates on the sale of the club? The administrator's duty is to the creditors of the PLC, in ensuring that the best result is achieved for them and not the actual club. As others have correctly put it, this may very well mean that the club is sold to someone who may not actually have the means for any significant long-term investment... From the PLC's creditors' perspective, a £15m bid is better than a £10m bid with a promise of £10m investment in players, as this gives the creditors the better return. Of course, this arguably isn't in the club's best interests, but unfortunately that isn't the administrator's job here. The administrator is understandably going to keep his cards close to his chest in terms of the bids currently on the table, as it'll jeopardise other/new bids if he's continually reporting to the local media who is interested and at what level. An announcement will be made when a decision has been reached, simple as that. In the meantime, this continued speculation and rumour as to what is going on is pointless (but admittedly very entertaining to read!).
Well put.You have got that spot-on. Div.2 here we come.
couldn't agree more... i hope if my firm ever goes bust i get this much support... oh and the sec word: fish-play

marvelous!

montecristosaint says...
7:08pm Thu 14 May 09

Dont know about any one else but I am beginning to have serious reservations about Mark Fry.
Hes missed two dealines, albeit unnoficial ones, and even the consortiums are now getting edgy.
If Fry isnt careful he will go and lose the bidders by being indecisive and theres somethinh else - he looks like a younger version of Rupert Lowe ffs. Are they related???

Northam Lady says...
7:59pm Thu 14 May 09

As a Saints fan of many years I am obviously frustrated at the current situation.

However, as also an employee (Steward) I am really upset that I don't know if I've still got a job.

I volunteered to work for free on the cancelled match and I don't know if I'm going to have a job at all.

So - Double Trouble then!

Why can't they just put us out of our misery and BE HONEST as to what is going on??

Northam Lady says...
8:54pm Thu 14 May 09

I don't understand why nobody has responded to my Post above - Did I say something wrong? If so, Sorry - just 'cos I'm a Newbie!

Tirau Dan (NZL) says...
9:40pm Thu 14 May 09

I love the shot of Matt giving a beer to the 08-09 squad..

$15m seems way way way too lowe

Tirau Dan (NZL) says...
9:49pm Thu 14 May 09

I love the shot of Matt giving a beer to the 08-09 squad..

$15m seems way way way too lowe

Tirau Dan (NZL) says...
9:49pm Thu 14 May 09

I love the shot of Matt giving a beer to the 08-09 squad..

$15m seems way way way too lowe

Pedant says...
10:22pm Thu 14 May 09

"I don't understand why nobody has responded to my Post above - Did I say something wrong? If so, Sorry - just 'cos I'm a Newbie!"

The administrator is bound by confidentiality, he has a duty in law not to reveal the content of discussions between him and any (if any) potential bidders. When (if) a "preferred bidder" is chosen he will say who it is. Negotiations then continue through a phase known as BAFO (best and final offer) and then possibly to financial close. So Mr Fry can`t really say anything at present. Things don`t look good in my view. As I have said elsewhere on here and in other "stories" people should bear in mind what Mr Fry is responsible for,i.e. getting the best deal for creditors of the PLC. Contrary to what the ECHO might like you to believe his job is not to "Save our Saints" or indeed pick someone who will be good for the football club.

The security words are getting more bizarre- land-nice!!
I imagine thats what the bidders think- land? nice! football club? not nice

Saint says...
11:02pm Thu 14 May 09

I find it very intersting that the third party has kept his bid totally out of the lime light. They seem to me to be very professional, and I get the slight feeling that it possibly a much bigger investor and Fry is havng to deal with their advisor first before getting to deal with the main guy.

Just a thought for what it's worth.

dannyfloyd says...
10:40am Fri 15 May 09

Linesman wrote:
lemsip wrote:
Invidia wrote:
lemsip wrote: Appently third party waiting in the wings is Madonna...after having her african adoption turned down she has turn her interet to Brad Wright-Phillips
I never trusted this bloke after the "hand of god" fiasco
Ha ha...yer apperently he wants to use st marys as a crack den
Crack den!!! Doesn't he know the club has gone to pot?
what a bunch of embarassing small minded tw4ts you are.

you're like a bunch of deliverance banjo players.

keep these kind of comments to yourself i think.

montecristosaint says...
2:31pm Fri 15 May 09

8 million for Saints with 2 million deferred? And who pays off the creditors?
Fry you are having a laugh there is no way this will come off it is going to take something like 20 million to buy Saints and pay off the creditors.


Serious times for Matt Le Tissier - but he was still horsding around yesterday - see Daily Echo for details Serious times for Matt Le Tissier - but he was still horsing around yesterday - see Daily Echo for details

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