Southampton FC still sweating on takeover deal (From Daily Echo)

Wasn't it the echo that said the club would be wound up Friday.....now we have another wait over the weekend?!

Why feed up all this s**t about a Friday deadline?s Its a fact..The Echo knows nothing!

AGHHHHHHHHHHHHH nomore waiting over the weekend... I can't take it anymore!

it wasn't the echo that told us about friday it was mark fry. 'remain confident' i've heard that before to believe it.

another deadline set to be broke :O

This is becoming a joke now!

you lot at the echo must be bored stiff looking on teletxt and reporting what we all know. get off your backsides and do some real news. how about an excusive for a change.

the club will not get wound up while we are sellng players and there is money to pay wages.

The banks will not get back anywhere near enough money if the club gets split up and sold off in pieces.

Hence it will take as long as it takes

biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

With a bit of luck we will have an outcome this side of Christmas!! What is the point of putting these deadlines in place..

The league have stated that there will not be anymore points deductions for saints, so it is a guarnteed 10 point deduction.

I bet we'd all be moaning if the deadlines weren't flexible enough to give the serious bids that remain every possible opportunity to complete.

buffalosoldier wrote:
biggest issue is the further points deduction penalty. both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour. realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan. i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended! wonder what golf course MLT will be giving press conferences from today???

If tht's the case, the FL are in effect turning the club's life support system off, nobody is going to by a club with that sort of poit deduction and they know that full stop

nlightn wrote:
The league have stated that there will not be anymore points deductions for saints, so it is a guarnteed 10 point deduction.

oh no they havent!

they did say that there were no further points deductions for pinnacle if they had provided details of their finances and signed the contract.... IN Time!!!

im fed up of waiting. It makes me feel sick everytime I see a message like this. If you have a team of lawyers going through paperwork for a week surely you could wrap up a club like United, why is it so difficult where Saints are concerned. I thought they had been waiting in the wings for a while, If so why wasnt this paperwork done then>?

SW:week true.

Yeah right more like

Year true

The sad reality is that if we hadn't sold Mcgoldrick and Surman for the money we did the club more than likely WOULD have been wound up by tomorrow. Thankfully, now we're still going.

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

buffalosoldier wrote:
biggest issue is the further points deduction penalty. both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour. realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan. i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended! wonder what golf course MLT will be giving press conferences from today???

Matty wont be on Golf Course this afternoon, he's on Countdown doing Dictionary Corner. Hope there arn't to many long words for him like 'takeover

Please let this be resolved by the end of Friday. I really need to do some work!!

Should we sacrifice something to the gods?

pawnsacrifice wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty. both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour. realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan. i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended! wonder what golf course MLT will be giving press conferences from today???

If tht's the case, the FL are in effect turning the club's life support system off, nobody is going to by a club with that sort of poit deduction and they know that full stop

the problem is not the leagues making!
its Pinnacle that have f*cked it up for the other intrested parties. and i actually think that they hung around long enough to do that knowingly out of sheer spite.

the league could decide that there were extrodinary circumstances, but again they wont hold back forever as clubs previously penalised will seek compensation stating that they weren't allowed extra time to complete all satisfactorily.

It amazes me how many scare mongers there are in Southampton, we all need to be patient and let the people trying to do the deal get on with it rather than them reading negative comments from Saints Fans, it`s been a long hard road but the end IS in sight with a new owner just around the corner.

As a way of making extra money... Why don't they hold some of there training sessions in St Mary's and then charge fans to go watch them train?

Just an idea?

SW into-mark

saintsfan25 wrote:
As a way of making extra money... Why don't they hold some of there training sessions in St Mary's and then charge fans to go watch them train? Just an idea? SW into-mark

Good Idea!

TGRWorzel wrote:
I bet we'd all be moaning if the deadlines weren't flexible enough to give the serious bids that remain every possible opportunity to complete.

Fair comment Worzel, but very frustrating all the same! Do we actually know the name (or even nationality) of the 2nd consortium and their line of business?

saintjak wrote:
the club will not get wound up while we are sellng players and there is money to pay wages.

The banks will not get back anywhere near enough money if the club gets split up and sold off in pieces.

Hence it will take as long as it takes

I think I may have to keep a promise to myself and only have a look at this site once day. Seven idiotic comments before the first one of any sense is getting to be just too low a strike rate to bother with.

The thing that people don't seem to understand about deadlines is that they change when circumstances change.

If we hadn't sold a couple of players in the last week then the grim reaper would have been knocking on the door tomorrow.

Here we go again,
another bidder,
another deadline,
another set back,
another broken promise
another weekend
another headline

remember that program; you've been framed

ps; sorry I forgot

Another thread

saintsfan25, Eastleigh says...
10:04am Thu 2 Jul 09
As a way of making extra money... Why don't they hold some of there training sessions in St Mary's and then charge fans to go watch them train?

Just an idea?

SW into-mark

Years ago when they used to train at The Dell you could get in and see them talk to them for nothing........oh the good old heady days of The Dell.....is that all i will have left soon a bunch of memories????

nlightn wrote:
It amazes me how many scare mongers there are in Southampton, we all need to be patient and let the people trying to do the deal get on with it rather than them reading negative comments from Saints Fans, it`s been a long hard road but the end IS in sight with a new owner just around the corner.

Yes well said and must of them think they are in the know , then out of the 100 things they have posted 1 comes true they are back on here saying i told you so

would say must of them are not really saints fans at all

even a broken clock is right twice a day

boffalosh@t comes to mind

wonder weasel wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

i know M Fialka, and indeed told you when you found out it would be a surprise!!! but not necessarily a good one!

now even a weasel like you has to accept it was a BIG surprise to find your mystery financial backer made less than a forklift truck driver last year.

why did he do it then? the answer to that is simple along with MLT, TL and a few others including Leon they worked out if they could put a deal together, persuade a venture capital outfit to finance it and then complete they could sell on again quickly for a decent profit. however the finances were only guaranteed if they could pull off a deal that meant the -10 points was overturned.

they couldnt and the venture capital group werent interested in league 2.

of course you should ask MLT about this, i mean he never stopped during that busy period (except at bunkers and when in the rough)

buffalosoldier wrote:
biggest issue is the further points deduction penalty. both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour. realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan. i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended! wonder what golf course MLT will be giving press conferences from today???

Thank goodness I'm off on holiday for two weeks. No news no shoes Island so I wont have to put up with the pain of this ongoing takeover situation. But best of all I will avoid reading pathetic posts by to$$ers like buffalosoldier. Listen sunshine, you aint fit to lick the boots of MLT so shut it with the snide comments. Back in two weeks SFC will then be at the dawn of a new era.......please! COYR!!!!!!

saints:) wrote:
Wasn't it the echo that said the club would be wound up Friday.....now we have another wait over the weekend?!

Would you rather have to wait over the weekend, or have the club wound up on Friday????

Fry's not going to wind the club up while there is 2 financially strong backers looking to buy the club. It's a complicated negotiating process. The one mistake Fry has made is giving exclusivity to the Pinnacle Group. He should have kept negotiating with all of them until one signed.

I am quietly confident that one of these will come off. I hope they still appoint MLT as chairman as I would feel more confident of success with him at the helm.

2 players have been sold this week for over 2million in total. This will allow the company to continue trading as a solvent business so now there is no rush so far as admin is concerned. I can see this going on for another week or so

Looking back over the last few weeks it shows very clearly that the fans have been simply left to stew in a bubbling soup of conjecture and speculation.

The various bidders are obviously nowhere near as cash rich as the fans would have liked. Hecne their reticence over the ten point issue.

They are all looking to pick up the club cheaply with least points deduction.

What we do know for sure is that we know nothing about what is really going on.

I feel reassured that sonmeone will buy the club eventually. But the protracted nature of the negotiations will mean the club is in poor shape to start the season. Promotion is a dream that will have to wait, we need to rebuild and get teh whole club back on track.

Whoever buys it will have to accept that they will have a League 1 Club for at least a year. At the moment that seems to be the very best option fans can expect. Still, it's better than no club at all.

miltonarchers wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty. both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour. realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan. i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended! wonder what golf course MLT will be giving press conferences from today???

Thank goodness I'm off on holiday for two weeks. No news no shoes Island so I wont have to put up with the pain of this ongoing takeover situation. But best of all I will avoid reading pathetic posts by to$$ers like buffalosoldier. Listen sunshine, you aint fit to lick the boots of MLT so shut it with the snide comments. Back in two weeks SFC will then be at the dawn of a new era.......please! COYR!!!!!!

Going on holiday???

ah tagged again eh?

miltonarchers wrote:

buffalosoldier wrote: biggest issue is the further points deduction penalty. both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour. realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan. i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended! wonder what golf course MLT will be giving press conferences from today???

Thank goodness I'm off on holiday for two weeks. No news no shoes Island so I wont have to put up with the pain of this ongoing takeover situation. But best of all I will avoid reading pathetic posts by to$$ers like buffalosoldier. Listen sunshine, you aint fit to lick the boots of MLT so shut it with the snide comments. Back in two weeks SFC will then be at the dawn of a new era.......please! COYR!!!!!!

Room in your case for a little one?

Like all saints fans I am amazed at the incredible low point the club has been allowed to fall too. It is popular to play the blame game and we can go back over many years and identify the people who have played some part in our rapid fall from grace. What amazes me is the total failure of Mark Fry to manage the sale of saints professionally and adequately. It was bad enough going into administration but I at least expected an administrator to be appointed who would have a level of competence sufficient to sell the club professionally.
Mark Fry has proven to be inept!! After weeks of non activity he obviously failed to do his job in giving exclusivity to Pinnacle who either never had the money or the backing or the desire to purchase the saints. Mark Fry has succesfully extended our period of humiliation, he has single handedly damaged the great reputation of Matt Le Tissier in some fans eyes (not mine!).
He has sold off players when he vowed not to.
He issues warnings of winding up orders then withdraws them causing untold anxiety amongst the fan base. I hope that a sale will be made this week or next, I hope Kelvin stays, I hope the crowd fill St Marys against Millwall to demonstrate solidarity and most of all I hope Mark Fry has the descency not to deduct his fees from the sale price as he has done nothing to earn them and 5 minutes of fame!!!!

buffalosoldier wrote:

wonder weasel wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

i know M Fialka, and indeed told you when you found out it would be a surprise!!! but not necessarily a good one!

now even a weasel like you has to accept it was a BIG surprise to find your mystery financial backer made less than a forklift truck driver last year.

why did he do it then? the answer to that is simple along with MLT, TL and a few others including Leon they worked out if they could put a deal together, persuade a venture capital outfit to finance it and then complete they could sell on again quickly for a decent profit. however the finances were only guaranteed if they could pull off a deal that meant the -10 points was overturned.

they couldnt and the venture capital group werent interested in league 2.

of course you should ask MLT about this, i mean he never stopped during that busy period (except at bunkers and when in the rough)

Yep you are boring me now

Yes it was a surprise!!! to me to find out who the mystery financial backer was because just like you i didnt know who it was

As you have just said in your worlds thats why everyone was calling him a mystery financial backer

maybe you have let a flat of from his letting agencies and when he was showing you round to take your mind of the big damp patch said to you know what mate think i might buy me southampton fc

googleing a few things then putting then on here does not make you in the know

buffalosoldier wrote:

wonder weasel wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

i know M Fialka, and indeed told you when you found out it would be a surprise!!! but not necessarily a good one!

now even a weasel like you has to accept it was a BIG surprise to find your mystery financial backer made less than a forklift truck driver last year.

why did he do it then? the answer to that is simple along with MLT, TL and a few others including Leon they worked out if they could put a deal together, persuade a venture capital outfit to finance it and then complete they could sell on again quickly for a decent profit. however the finances were only guaranteed if they could pull off a deal that meant the -10 points was overturned.

they couldnt and the venture capital group werent interested in league 2.

of course you should ask MLT about this, i mean he never stopped during that busy period (except at bunkers and when in the rough)

Buffalo, it this is true (and I have no reason to doubt it) then we have been fed horse manure by PG. Sigh

Looks like -25 chaps. The League gave Leeds the weekend to accept the additional -15 or they wouldn't transfer the golden share.

Don't remember many Saints fans complaining at the time.

What goes around comes around.

Ha-ha

Whoever takes over has a huge job to build confidence in not only the club, but supporters as well. I think we have to be realistic and not expect too much from us next season.

Consolidation and stability must be the order of the day.... assuming we find new owners.

If the new owners are not prepared to put millions into our club, then everyone must accept it. We have no 'Abramovich' in our sights, just someone to bring credability back to our once stable club.

The reaction and support on the first day of the season will see how serious Saints fans are towards their club. Anything under 25,000 will be a big disappointment.

Fingers, legs and everything else crossed that within a week this will all be a bad dream.... keep the faith.

PS Thank you true P****Y fans for your support. If the boot was on the other foot, serious football fans would not like to see Hampshire only one club in the leagues ... Aldershot

Mark wotte wouldnt stay if the club was being wound up, theres obviously movement, you cant expect the new owners to tie up a deal in 3 days...good things come to those who wait...although we've waited for 4 months.

sw club-hope ironic eh?

I wanna know how come with all this saga going on due to the mess we're in, how can RL get off scot-free??

buffalosoldier wrote:

nlightn wrote: The league have stated that there will not be anymore points deductions for saints, so it is a guarnteed 10 point deduction.

oh no they havent! they did say that there were no further points deductions for pinnacle if they had provided details of their finances and signed the contract.... IN Time!!!

why oh why are people going on about the points deduction i've heard 17 points 25 points 30 points lets get one thing straight the most if any would be 17points there is no way on earth they could deduct us as many points as Luton coz they were found out to be paying agents excessive amounts they broke every rule in FL book hence why they were punished so much all we did was delay pay 4 a week not really a crime isit
Britsh Airways aren't paying their staff for a month whats anyone going to do to them ground a few planes

Barcelona Saint wrote:
I wanna know how come with all this saga going on due to the mess we're in, how can RL get off scot-free??

slimie Tw'ts like him always do ,its always the fans that end suffering and the football league don't seem to care that much to

Fawleysajollygoodfel
low wrote:

buffalosoldier wrote:

wonder weasel wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

i know M Fialka, and indeed told you when you found out it would be a surprise!!! but not necessarily a good one!

now even a weasel like you has to accept it was a BIG surprise to find your mystery financial backer made less than a forklift truck driver last year.

why did he do it then? the answer to that is simple along with MLT, TL and a few others including Leon they worked out if they could put a deal together, persuade a venture capital outfit to finance it and then complete they could sell on again quickly for a decent profit. however the finances were only guaranteed if they could pull off a deal that meant the -10 points was overturned.

they couldnt and the venture capital group werent interested in league 2.

of course you should ask MLT about this, i mean he never stopped during that busy period (except at bunkers and when in the rough)

Buffalo, it this is true (and I have no reason to doubt it) then we have been fed horse manure by PG. Sigh

fawley it saddens me to say in respect of MLT but yes, its true.

surely you can see that all pinnacle actually did was make promises they knew were not within their gift to make.
the end of the line is when TL went to training and came out giving a BIG impression that the wages were goindg to be taken acre of come what may, sadly MLT backed this up confirming that he knew exactly what pinnacles financial position was. in short they didn't actually have the money, they were hoping to secure that if they could get the deal.

and so they strung it out and strung it out, even staging really tacky tabloid pictures of Kevin Keegan at MLT's house to give the bid some credibility.

KK has been around the block and you can see his silence talks volumes on it, he is so p*ssed off with MLT for allowing their freindship to be used purely as a gimmick, and he wont forget it!

i know ther is talk of two parties interested at present, only one to my knowledge is in detailed talks, they do have the necessary funds but the points thing will be an obstacle again.
but please if you want to judge what a serious bidded is like compared to a con outfit then look at the current bidder compared to pinnacle.

all behind closed doors, no cheap publicity shots, no false promises.

Pinnacle - just look at a sorry tale of amateurism, spin and deceit. and they continued to do this towards the end knowing they werent going to complete, and the clubs future would be put into greater jeopardy.

its saddening to see MLT on the telly asking if "the league board can sleep at night" knowing what he has done himself to this great club.

lets hope it works out

Come on Mark Fry sort it out he is prolonging the event to swell the coffers of his own company.

If he is so concerned then I bet they dont offer to do it for free so save our Saints.

Fry keeps threatening to wind up the club but if he'd done his homework better in the first place we woundn't be in this mess.

Although seduced by MLT into exclusivity he really should have smelt a rat the first time he met that prat Lynam.

I'm confident a buyer will be found eventually and we'll start next season with -10.

buffalosoldier wrote:

Fawleysajollygoodfel

low wrote:

buffalosoldier wrote:

wonder weasel wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

i know M Fialka, and indeed told you when you found out it would be a surprise!!! but not necessarily a good one!

now even a weasel like you has to accept it was a BIG surprise to find your mystery financial backer made less than a forklift truck driver last year.

why did he do it then? the answer to that is simple along with MLT, TL and a few others including Leon they worked out if they could put a deal together, persuade a venture capital outfit to finance it and then complete they could sell on again quickly for a decent profit. however the finances were only guaranteed if they could pull off a deal that meant the -10 points was overturned.

they couldnt and the venture capital group werent interested in league 2.

of course you should ask MLT about this, i mean he never stopped during that busy period (except at bunkers and when in the rough)

Buffalo, it this is true (and I have no reason to doubt it) then we have been fed horse manure by PG. Sigh

fawley it saddens me to say in respect of MLT but yes, its true.

surely you can see that all pinnacle actually did was make promises they knew were not within their gift to make.
the end of the line is when TL went to training and came out giving a BIG impression that the wages were goindg to be taken acre of come what may, sadly MLT backed this up confirming that he knew exactly what pinnacles financial position was. in short they didn't actually have the money, they were hoping to secure that if they could get the deal.

and so they strung it out and strung it out, even staging really tacky tabloid pictures of Kevin Keegan at MLT's house to give the bid some credibility.

KK has been around the block and you can see his silence talks volumes on it, he is so p*ssed off with MLT for allowing their freindship to be used purely as a gimmick, and he wont forget it!

i know ther is talk of two parties interested at present, only one to my knowledge is in detailed talks, they do have the necessary funds but the points thing will be an obstacle again.
but please if you want to judge what a serious bidded is like compared to a con outfit then look at the current bidder compared to pinnacle.

all behind closed doors, no cheap publicity shots, no false promises.

Pinnacle - just look at a sorry tale of amateurism, spin and deceit. and they continued to do this towards the end knowing they werent going to complete, and the clubs future would be put into greater jeopardy.

its saddening to see MLT on the telly asking if "the league board can sleep at night" knowing what he has done himself to this great club.

lets hope it works out

Hahaha so know you know KK and what he is thinking you do sure get round for someone who just sits at his computer posting bull Sh@t about saints all day

get a life little man its boring

If one of these interested groups does agree a deal won't this be subject to 3 weeks due diligence like pinnacle?

Good job we had players to sell, the money should keep us going for a couple more months.

suttonsaint wrote:
Whoever takes over has a huge job to build confidence in not only the club, but supporters as well. I think we have to be realistic and not expect too much from us next season. Consolidation and stability must be the order of the day.... assuming we find new owners. If the new owners are not prepared to put millions into our club, then everyone must accept it. We have no 'Abramovich' in our sights, just someone to bring credability back to our once stable club. The reaction and support on the first day of the season will see how serious Saints fans are towards their club. Anything under 25,000 will be a big disappointment. Fingers, legs and everything else crossed that within a week this will all be a bad dream.... keep the faith. PS Thank you true P****Y fans for your support. If the boot was on the other foot, serious football fans would not like to see Hampshire only one club in the leagues ... Aldershot

sense from a saint at last

buffalosoldier wrote:

Fawleysajollygoodfel

low wrote:

buffalosoldier wrote:

wonder weasel wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

i know M Fialka, and indeed told you when you found out it would be a surprise!!! but not necessarily a good one!

now even a weasel like you has to accept it was a BIG surprise to find your mystery financial backer made less than a forklift truck driver last year.

why did he do it then? the answer to that is simple along with MLT, TL and a few others including Leon they worked out if they could put a deal together, persuade a venture capital outfit to finance it and then complete they could sell on again quickly for a decent profit. however the finances were only guaranteed if they could pull off a deal that meant the -10 points was overturned.

they couldnt and the venture capital group werent interested in league 2.

of course you should ask MLT about this, i mean he never stopped during that busy period (except at bunkers and when in the rough)

Buffalo, it this is true (and I have no reason to doubt it) then we have been fed horse manure by PG. Sigh

fawley it saddens me to say in respect of MLT but yes, its true.

surely you can see that all pinnacle actually did was make promises they knew were not within their gift to make.
the end of the line is when TL went to training and came out giving a BIG impression that the wages were goindg to be taken acre of come what may, sadly MLT backed this up confirming that he knew exactly what pinnacles financial position was. in short they didn't actually have the money, they were hoping to secure that if they could get the deal.

and so they strung it out and strung it out, even staging really tacky tabloid pictures of Kevin Keegan at MLT's house to give the bid some credibility.

KK has been around the block and you can see his silence talks volumes on it, he is so p*ssed off with MLT for allowing their freindship to be used purely as a gimmick, and he wont forget it!

i know ther is talk of two parties interested at present, only one to my knowledge is in detailed talks, they do have the necessary funds but the points thing will be an obstacle again.
but please if you want to judge what a serious bidded is like compared to a con outfit then look at the current bidder compared to pinnacle.

all behind closed doors, no cheap publicity shots, no false promises.

Pinnacle - just look at a sorry tale of amateurism, spin and deceit. and they continued to do this towards the end knowing they werent going to complete, and the clubs future would be put into greater jeopardy.

its saddening to see MLT on the telly asking if "the league board can sleep at night" knowing what he has done himself to this great club.

lets hope it works out

It's all too deflating. To think that it was a VC company with the money in for a quick profit. It's becoming clear that it was the -10 and not the threat of more. A lot of smoke and mirrors it seems.

Positive and look forward. It's going to be like a cork going off when the deal DOES happen.

Keep the faith

w1lkins822 wrote:

buffalosoldier wrote:

nlightn wrote: The league have stated that there will not be anymore points deductions for saints, so it is a guarnteed 10 point deduction.

oh no they havent! they did say that there were no further points deductions for pinnacle if they had provided details of their finances and signed the contract.... IN Time!!!

why oh why are people going on about the points deduction i've heard 17 points 25 points 30 points lets get one thing straight the most if any would be 17points there is no way on earth they could deduct us as many points as Luton coz they were found out to be paying agents excessive amounts they broke every rule in FL book hence why they were punished so much all we did was delay pay 4 a week not really a crime isit
Britsh Airways aren't paying their staff for a month whats anyone going to do to them ground a few planes

check out the leeds united story!

old ken bates thought he could pull a fast one by coming out of administration and offering less tha agreed to the creditors, hence the league acted late in the day to whack another big points deduction on.

its about your final postion with the clubs creditors that the league want to examine in detail. i.e. have you settled correctly and not just declared bankcruptcy and re-emerged as a new company walking away from the debt.

so further deductions cannot be decided,discussed or even considered until you agree all the leagues rules, complete, sign contract and show them what your financial position is i.e. what you ahve agreed with the creditors.
only then will they decide if all is in order, or criteria has not satisfactorily been met.
thats why pinnacle bottled it!

the luton issue was entirely different.

I read somewhere that SFC Ltd will not need a CVA agreed as they are not in administration - hence there can't be an additional points deduction as there are no irregualrities!

St.Yorkie wrote:
I read somewhere that SFC Ltd will not need a CVA agreed as they are not in administration - hence there can't be an additional points deduction as there are no irregualrities!

c,mon you know the league didnt buy that SFC ltd-V-SFC holdings ltd scam

the FL only gave B'mouth & Rotherham their extra penalties beause they came out of administration incorrectly, to do with a cva. thos won't happen tosaints because of how the club is set up. Leeds got their extra penalties for deciding to go into administration on the last day of the season - which was why the new ruling was brought in for a deadline. Luton got screwed for irregular payments to agents and not having a cva - son SAINTS ARE NOT GOING TO GET ANY MORE POINTS DEDUCTIONS!!!
All I want now is opportunity to buy a cuckoo clock and a massive bar of Toblerone to celebrate the Swiss taking over!

w1lkins822 wrote:

buffalosoldier wrote:

nlightn wrote: The league have stated that there will not be anymore points deductions for saints, so it is a guarnteed 10 point deduction.

oh no they havent! they did say that there were no further points deductions for pinnacle if they had provided details of their finances and signed the contract.... IN Time!!!

why oh why are people going on about the points deduction i've heard 17 points 25 points 30 points lets get one thing straight the most if any would be 17points there is no way on earth they could deduct us as many points as Luton coz they were found out to be paying agents excessive amounts they broke every rule in FL book hence why they were punished so much all we did was delay pay 4 a week not really a crime isit Britsh Airways aren't paying their staff for a month whats anyone going to do to them ground a few planes

Can anyone comment on the above?

I was thinking along these lines too.....

What are the possible penalty points that can be added on to the -10 we already have?

St.Yorkie wrote:
I read somewhere that SFC Ltd will not need a CVA agreed as they are not in administration - hence there can't be an additional points deduction as there are no irregualrities!

I heard this too although given the amount of rumours/conjecture I can't remember where - although I recall it came on the back of the recent FL statement re: Pinnacle.
Surely if the CVA rule doesn't apply because of the legal status of the club then the ten point deduction would also fall into that category. I don't want to open that one up again but I can't see the CVA issue being swept to one side.

nomore wrote:
Why feed up all this s**t about a Friday deadline?s Its a fact..The Echo knows nothing!

Since that story we've sold two players, bringing in about £2 million. That, I guess, buys us time.

So the Echo and Fry were correct on Monday, but things have changed quite a lot since then in more ways than one.

No news is good news -hopefully :-)
Hi hubby, yes I will stop watching this space and get on with the cleaning.x.

for clarity on the leeds issue:


Leeds lose points penalty appeal
Ken Bates
Chairman Bates believes Leeds did not break any rules
Leeds have lost their appeal against a 15-point deduction for the start of the new season following a breach of the Football League's insolvency policy.

The chairmen of the other 71 Football League clubs voted "overwhelmingly" to sanction Leeds and then again to uphold the original punishment.

In both cases, the outcome was higher than a 75% majority vote.

Leeds chairman Ken Bates had insisted the League One outfit had not broken any rules.

News conference: Leeds Utd boss Dennis Wise

However, he has no option other than to accept the punishment, with League chairman Lord Mawhinney confirming the club had no right to take legal action.

Lord Mawhinney said: "We have an agreement with Leeds, signed by both the League and the club, that they will not take any legal action against us and we will not take any legal action against them.

"That is a standard part of the agreement that every club signs when it comes out of administration.

"That has not been generated for the benefit of Leeds United, we've done that in the last 40 administrations and we did in this one as well."


606: DEBATE
Lets meet the first target and get clear of that relegation zone by December

jollysrgntwilko

Leeds manager Dennis Wise was incensed by the Football League's decision.

"It's just not funny at all," said Wise. "We'd like to know deep down the real reasons.

"I'm disappointed with the whole thing. Minus 15 points. We have to get 106 points to win the league, 92 points to get in the play-offs and 70 points to stay up. Lovely. Thank you very much.2

Before the vote, Elland Road supremo Bates had sent a letter to all Football league chairmen, arguing that the punishment was a "breach of natural justice".

It was imposed on 4 August, the same day that Leeds were granted their 'golden share', which allowed them to compete in the Football League this coming season.

The share had been suspended when Leeds went into administration at the end of last season, a decision that automatically incurred a 10-point penalty and thus sealed their relegation from the Championship.

The League want clubs coming out of administration to do so via a company voluntary arrangement (CVA), with football creditors paid in full.

Leeds' creditors originally opted for the club to be sold back to Bates via a CVA.

But HM Revenue and Customs, unhappy at the plans by Bates to pull the club out of administration by paying creditors only eight pence in every £1, mounted a legal challenge.

The matter went to a High Court hearing in Leeds. Preliminary hearings were held on 6 July, with a date set for the full case to be heard in September - sparking fears the club might not start the season.

Administrators KPMG subsequently put the club up for sale.

Bates then bought the club back off KPMG in a deal that could eventually be worth more than 50p in every £1 for creditors.

But the purchase meant that the club had not come out of administration via a CVA - with the League imposing their subsequent 15-point penalty for the breach of policy.

In a statement, Leeds said: "We are amazed by the perverse outcome of Thursday's meeting of Football League clubs.

"The only winner is HMRC and we believe the full ramifications of the decision will adversely affect football going forward for many years.

"The club is considering its options but in the meantime will be concentrating on starting its promotion campaign at Tranmere on Saturday."

nlightn wrote:
The league have stated that there will not be anymore points deductions for saints, so it is a guarnteed 10 point deduction.

Not sure that's quite right. The spokesperson did say it would be no more than -10 as it stands.

Of course when we come out of administration that changes, so I think we can expect another deduction at a later date.

I think that's what Pinnacle aren't happy to accept.

Only guessing of course, but seems to have been the case with other clubs in our situation and our previous attempts to wriggle out of those terms haven't worked too well so far.

I am going on holiday on 26th July.
I hope I can buy my season ticket by then.
If not there probably wont be a club left

Come on Fry do something don't think i can stand another weekend without knowing

I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

It looks like the departures of McG and Surman have bought the club some time but this really needs to be sorted fast so the club can concentrate on the new season.

( Have you read the comments and left your opinion at Southampton World?
www.ohwhenthesaints.
net )

why can't someone just buy us already, the longer it takes the harder the club is going to be to get out of the gutter.

If Pinnacle bought us on that friday they were supposed to.. we would still have surman, have a cocahing staff, be holding training sessions, maybe have a manager by now and we'd be getting prepared for millwall!

It's F***ing ridiculous!

sjames29 wrote:
why can't someone just buy us already, the longer it takes the harder the club is going to be to get out of the gutter. If Pinnacle bought us on that friday they were supposed to.. we would still have surman, have a cocahing staff, be holding training sessions, maybe have a manager by now and we'd be getting prepared for millwall! It's F***ing ridiculous!

negotiations r ongoing.pinnacle all hot air no funds,surman would have left anyway,wottey&svenso
n in place training etc.we will be ready.have faith

SFC4lifetilidie wrote:
I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

shut up you muppet

has anyone read mark wottes statement on ssn website the man speaks total sense im my view

SFC4lifetilidie wrote:
I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

IDIOT!

sw sell-date

is that today :)

SFC4lifetilidie wrote:
I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

You complete & utter TW@T!!!

You know nothing, shut up!

SFC4lifetilidie wrote:
I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

Go do one!

here we go again, another anxious wait, if nothing happens i think it will be it 4 saints.

Hope not though, COYR!

Chill Guys its 32 Degrees, No Good Fighting it will be sorted by Monday !

Saintimbo wrote:

SFC4lifetilidie wrote: I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

Go do one!

dont take no notice its a school kid poncing around in i.c.t....silly child.....either that or its mr faker ..hee hee

SFC4lifetilidie wrote:
I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

you complete and utter kn@b

I ALMOST want the club to go under, just to be put out of my misery. This is agony!

Shuan Li wrote:
I ALMOST want the club to go under, just to be put out of my misery. This is agony!

istead go play with the traffic on the M27

I'm a patient person but I have to say, whilst I am as frustrated as the next man about the lengthy negotiations, I am saddened by the endless stream of fictitious, atention seeking, verbal diarrhea and utter clap trap with which a small number of people continue to pollute these threads.

It's a small number, and the rest of the contributors all display the true passion of true football supporters.

However, some of the rest are clearly attempts to make themselves feel very important when in fact they are mindless, stirrers and rumour mongers who hide behind the anonymity provided here to conceal their complete ignorance. You know who you are and you know I'm right.

The Echo should run a bullsh***er of the day vote ... there are some who would already have racked up several daily wins.

There, I fell better now.

you got my vote...hee hee only playin

you got my vote...hee hee only playin

you got my vote...hee hee only playin

you got my vote...hee hee only playin

Too kind. Is that one vote or four? ;-)

Alicesdad wrote:
Too kind. Is that one vote or four? ;-)

dunno you no us saints fans cant count.......sticky button im afraid

kinkyboots70 wrote:
you got my vote...hee hee only playin

go support the jokers up the road who are heading for a big fall

Saintimbo wrote:

kinkyboots70 wrote: you got my vote...hee hee only playin

go support the jokers up the road who are heading for a big fall

sod off ...is portswood twinned with portsmouth? saintdimbo

buffalosoldier wrote:

Fawleysajollygoodfel

low wrote:

buffalosoldier wrote:

wonder weasel wrote:

buffalosoldier wrote:
biggest issue is the further points deduction penalty.
both outfits are trying to get the league to take into account extrodinary circumstances i.e. they couldnt pay wages whilst pinnacle were in a period of exclusivity, but the league are sticking to the fact that ended on 19 June and wages could still have been paid, albeit at the 11th hour.

realistically neither group at this moment want to take it on at -17 or in deed -25 points as this would in all probabability mean league 2 the following season therfor scuppering their 2-3 year plan.
i dont know why B Fry gets so optimistic that the league will always drop their stance? he felt that way with pinnacle and look where that ended!

wonder what golf course MLT will be giving press conferences from today???

God your boring sure with all your in side info you can find out what golf course MLT is on

Was not long a go you was saying you knew Fialka personally didnt know he was full of sh@t tho did you

And there was me thinking that old saying was always right ...... takes one to know one ..... cant be true both full of it

i know M Fialka, and indeed told you when you found out it would be a surprise!!! but not necessarily a good one!

now even a weasel like you has to accept it was a BIG surprise to find your mystery financial backer made less than a forklift truck driver last year.

why did he do it then? the answer to that is simple along with MLT, TL and a few others including Leon they worked out if they could put a deal together, persuade a venture capital outfit to finance it and then complete they could sell on again quickly for a decent profit. however the finances were only guaranteed if they could pull off a deal that meant the -10 points was overturned.

they couldnt and the venture capital group werent interested in league 2.

of course you should ask MLT about this, i mean he never stopped during that busy period (except at bunkers and when in the rough)

Buffalo, it this is true (and I have no reason to doubt it) then we have been fed horse manure by PG. Sigh

fawley it saddens me to say in respect of MLT but yes, its true.

surely you can see that all pinnacle actually did was make promises they knew were not within their gift to make.
the end of the line is when TL went to training and came out giving a BIG impression that the wages were goindg to be taken acre of come what may, sadly MLT backed this up confirming that he knew exactly what pinnacles financial position was. in short they didn't actually have the money, they were hoping to secure that if they could get the deal.

and so they strung it out and strung it out, even staging really tacky tabloid pictures of Kevin Keegan at MLT's house to give the bid some credibility.

KK has been around the block and you can see his silence talks volumes on it, he is so p*ssed off with MLT for allowing their freindship to be used purely as a gimmick, and he wont forget it!

i know ther is talk of two parties interested at present, only one to my knowledge is in detailed talks, they do have the necessary funds but the points thing will be an obstacle again.
but please if you want to judge what a serious bidded is like compared to a con outfit then look at the current bidder compared to pinnacle.

all behind closed doors, no cheap publicity shots, no false promises.

Pinnacle - just look at a sorry tale of amateurism, spin and deceit. and they continued to do this towards the end knowing they werent going to complete, and the clubs future would be put into greater jeopardy.

its saddening to see MLT on the telly asking if "the league board can sleep at night" knowing what he has done himself to this great club.

lets hope it works out

Do you actually work at the stadium?
Do you have an employment contract which allows you post this stuff in a public forum?

I can see no possible point to you incessant disrespect to the persons working towards trying to do the right thing by the club.

I for one believe Mathew Le Tissier had and still has every intention of doing his level best for club and never doubted his loyalty or integrity. In know way are you qualified to speak about the relationship between MLT and Kevin Keegan and more than I would have when I served spuds to Ron Davies and Mick Channon in a grocers when I was a nipper.

Your comment about "knowing what he himself has done to his great club" is absolutely disgusting and uncalled for.

If it was really about points over 10 Matt would have said so.. There is simply no point in not saying so.

If you really are inside tell us now who exactly is dealing with Mr Fry. Names or shhhh til the deal is done please.

wake up and smell the coffee man.
MLT's mate (Fialka) is still deluding himself, and again making statements he cannot back up!

do you believe MLT comes out of this whiter than white?

are in the "He was duped" camp? come on he was in the thick of it, not some dumbnut there to take the wrap.

why on earth would pinnacle fail to complete then say you know what we never went away! they are a band of amatuer shysters, and have let everyone see that. i think its now about spite on their part as the got it from both barrels for stringing all along

Stevie61163 wrote:
saintsfan25, Eastleigh says... 10:04am Thu 2 Jul 09 As a way of making extra money... Why don't they hold some of there training sessions in St Mary's and then charge fans to go watch them train? Just an idea? SW into-mark Years ago when they used to train at The Dell you could get in and see them talk to them for nothing........oh the good old heady days of The Dell.....is that all i will have left soon a bunch of memories????

training sessions at staplewood are often open for spectators for free contact the club and they will tell you when you can attend obviously the last training session before a game is closed as the shape formation and starting line up has to be kept under wraps
ideal chance for saints fans to bring there kids during school holidays to meet the players and get autographs.
KEEP THE FAITH! SAINTS FOREVER!

Buffalosoldier has clearly had former business dealings with Lynam and got his fingers badly burnt. I don't know whose fault that was but BuffaloSoldier believes it was Lynam's and is now seeking revenge. That doesn't mean BS's comments are all wrong (or, indeed, all right) but there is a clear history which needs to be taken into consideration. No idea what he's got against MLT.

What does istead mean? Are you stupid? Silly question. Sorry, dummy.

COYR

BuffaloHunter wrote:
Buffalosoldier has clearly had former business dealings with Lynam and got his fingers badly burnt. I don't know whose fault that was but BuffaloSoldier believes it was Lynam's and is now seeking revenge. That doesn't mean BS's comments are all wrong (or, indeed, all right) but there is a clear history which needs to be taken into consideration. No idea what he's got against MLT.

wrong!

and still admire MLT or indeed reserve the right to love him!
but if someone you love is in the wrong then you tell them so and give them the chance to change/put it right etc..... MLT can do this by open and honest statement regarding pinnacle and there failings.

especially that tabloid stunt KK photo

Ok. I would like to think I am a patient reasonable person but. There is honing to come a time very very very soon that I would really like someone to disclose in plain English what these complex matters are. As the cut and paste statement from the football league in a previous article stated yesteday. Owners directors and players come and go but the club and there fore it's fans are the same forever. As a season ticket holder and a fan for thirty plus years I may have a question to ask if we are able to buy season tickets for the start of the season NEXT Month soon. As I would be investing my money in watching and supporting saints. If I have issues still to be clarified. To I buy a season ticket or on a match buy match basis. As a loyal saints fan I think we all know the answer to that one. However as a loyal saints supporter I feel I and many others need the truth to be told.

To All Saints Fans - Come to Eastleigh FC v Saints on Saturday 4th July and show all the media including Sky TV just how much we love this club!
KO 3.00pm

To All Saints Fans - Come to Eastleigh FC v Saints on Saturday 4th July and show all the media including Sky TV just how much we love this club!
KO 3.00pm

Come on all saints fans! - get down to Eastleigh this Saturday and show all the media including Sky TV just how much you care!!!

brennothornhill wrote:

SFC4lifetilidie wrote:
I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

shut up you muppet

wtf? shut up you tw@t

Another bloody weekend waiting. AARRGGHH!!!

Starting to feel a little bit more optimistic. the posibility of 2 consortiums trying to buy us helps and also having a manager also helps. Many thanks to Mark Wotte(many others would have jumped ship at the first sign of trouble).Hopefully a deal can be sorted out by tomorrow night although this seems unlikely as reports say it will be early next week. All I ask of the current developments is that we get some sort of idea about how things are progressing as i'm thinking if they are going to buy the club then signing paper work is just a formality. I think all us saints fans need some accurate information on procedings to help put our minds at ease.

saintstoney wrote:
Starting to feel a little bit more optimistic. the posibility of 2 consortiums trying to buy us helps and also having a manager also helps. Many thanks to Mark Wotte(many others would have jumped ship at the first sign of trouble).Hopefully a deal can be sorted out by tomorrow night although this seems unlikely as reports say it will be early next week. All I ask of the current developments is that we get some sort of idea about how things are progressing as i'm thinking if they are going to buy the club then signing paper work is just a formality. I think all us saints fans need some accurate information on procedings to help put our minds at ease.

Unfortunately we all know that the reports saying 'it will be early next week' are derived by someone in the echo office throwing a dart at a calendar and deciding that will be the next date they speculate on....we need facts or nothing Echo!!!

saintstoney wrote:
Starting to feel a little bit more optimistic. the posibility of 2 consortiums trying to buy us helps and also having a manager also helps. Many thanks to Mark Wotte(many others would have jumped ship at the first sign of trouble).Hopefully a deal can be sorted out by tomorrow night although this seems unlikely as reports say it will be early next week. All I ask of the current developments is that we get some sort of idea about how things are progressing as i'm thinking if they are going to buy the club then signing paper work is just a formality. I think all us saints fans need some accurate information on procedings to help put our minds at ease.

Unfortunately we all know that the reports saying 'it will be early next week' are derived by someone in the echo office throwing a dart at a calendar and deciding that will be the next date they speculate on....we need facts or nothing Echo!!!

As a fan well used to administration with Luton, I thought I might offer some accurate guidance.
The 10 point penalty you have is for going into administration. The only way you will receive the additional 15 point penalty is if your CVA is not agreed by your creditors when you exit administation. This depends on who the majority debt is owed to. The inland revenue refuse anything less than 100% repayment, where as most re-formed clubs only offer around 1%. Hence if your debt is to the governemnt, chances are it will fail. 85% of debtors must agree to the CVA for it to go through and satisfy league rules. I am sure your administrator can offer fans guidance on who the creditors are and what they are likely to accept. Additional points are then added if it is a second or third time administration.
Luton were also docked 10 points by the FA (not the league) for paying players from the HOLDING COMPANY bank account and not the football club account. This is something I would be more worried about in your case considering the set up you appear to have. And this is something I would imagine would be of concern to Pinnacle and other bidders. as the FA may have notified the club about a possible problem?

saints:) wrote:
Wasn't it the echo that said the club would be wound up Friday.....now we have another wait over the weekend?!

Well judging by all the comments on the threads you all seem pretty wound up to me.

stinkyboots wrote:

saints:) wrote:
Wasn't it the echo that said the club would be wound up Friday.....now we have another wait over the weekend?!

Well judging by all the comments on the threads you all seem pretty wound up to me.

wouldn't you be?

We are, have you seen the farce going on at our club!
Just thought the wound up/winding up was a good play on words.

stinkyboots wrote:
We are, have you seen the farce going on at our club!
Just thought the wound up/winding up was a good play on words.

True, sorry, I didn't notice that! That's how wound up I am! and not in the liquidation sense

Jason D wrote:

nlightn wrote:
The league have stated that there will not be anymore points deductions for saints, so it is a guarnteed 10 point deduction.

Not sure that's quite right. The spokesperson did say it would be no more than -10 as it stands.

Of course when we come out of administration that changes, so I think we can expect another deduction at a later date.

I think that's what Pinnacle aren't happy to accept.

Only guessing of course, but seems to have been the case with other clubs in our situation and our previous attempts to wriggle out of those terms haven't worked too well so far.

Jason D is RIGHT - they only said -10 as it stands.

It does not potentially rule out others.

The issue of exiting administration with an agreed CVA - still has to be tested. If this fails League rules there will be a further penalty of 7 points.

There is no difference for this purpose between SFC and SLH.

The only way that might change is if SLH sold its entire interest in SFC to a purchaser.

Then it would be a question of what is sold and if that happened what would be sold ? Players , Stadium etc. That would just be the start of more internal negotiations to which the board of SLH and the administrator would have to agree - they are unlikely to sell for less than face value (after all the value of the golden football league share could be very valuable)

ShakeyWiffles wrote:

stinkyboots wrote: We are, have you seen the farce going on at our club! Just thought the wound up/winding up was a good play on words.

True, sorry, I didn't notice that! That's how wound up I am! and not in the liquidation sense

No apology needed. At least you didn't respond with vile insults to a bit of humour!

Mind you, it can be fun when people do;)

You'll be alright, someone'll buy you, someone with a bit of vision. Next year might not be good to you, but with the right buyers things can go well.
Southampton FC, and all you have, cheap as chips to the right investor.

stinkyboots wrote:

ShakeyWiffles wrote:

stinkyboots wrote: We are, have you seen the farce going on at our club! Just thought the wound up/winding up was a good play on words.

True, sorry, I didn't notice that! That's how wound up I am! and not in the liquidation sense

No apology needed. At least you didn't respond with vile insults to a bit of humour! Mind you, it can be fun when people do;) You'll be alright, someone'll buy you, someone with a bit of vision. Next year might not be good to you, but with the right buyers things can go well. Southampton FC, and all you have, cheap as chips to the right investor.

so you can be sensible mr coish would be impressed

stinkyboots wrote:

ShakeyWiffles wrote:

stinkyboots wrote: We are, have you seen the farce going on at our club! Just thought the wound up/winding up was a good play on words.

True, sorry, I didn't notice that! That's how wound up I am! and not in the liquidation sense

No apology needed. At least you didn't respond with vile insults to a bit of humour!

Mind you, it can be fun when people do;)

You'll be alright, someone'll buy you, someone with a bit of vision. Next year might not be good to you, but with the right buyers things can go well.
Southampton FC, and all you have, cheap as chips to the right investor.

See, you say that, but I don't have my hopes up anymore! :( looks like for the time being you WILL be the only team in Hampshire. (watch the insults to me come rolling in now) I just hope I'm wrong and someone does buy us at the last minute!

i have recieved a reply from the football league today stating that there will be no further points deductions for our boys so that stumbling block has gone and we can find a genuine buyer (not those tossers from Pinnacle) can't believe no one wants us even plymouth have new owners and they are sh*t

ShakeyWiffles wrote:

stinkyboots wrote:

ShakeyWiffles wrote:

stinkyboots wrote: We are, have you seen the farce going on at our club! Just thought the wound up/winding up was a good play on words.

True, sorry, I didn't notice that! That's how wound up I am! and not in the liquidation sense

No apology needed. At least you didn't respond with vile insults to a bit of humour! Mind you, it can be fun when people do;) You'll be alright, someone'll buy you, someone with a bit of vision. Next year might not be good to you, but with the right buyers things can go well. Southampton FC, and all you have, cheap as chips to the right investor.

See, you say that, but I don't have my hopes up anymore! :( looks like for the time being you WILL be the only team in Hampshire. (watch the insults to me come rolling in now) I just hope I'm wrong and someone does buy us at the last minute!

Sorry, a certain Saintan got a little upset over banter, so have had to change my name once again! I change it too match a Saints user, this was the best I could get to someone like Saintan who doesn't understand football banter.
Anyway, feel privileged, only did it to answer you.
That'll get the insults rolling, sorry.
You'll be okay, at the worst we can go to Eastleigh and Waterloo next year and start a new rivalry!
But serious, as said earlier, you've got too many assets to be ignored.
Best of luck anyway.

buffalosoldier wrote:
wake up and smell the coffee man.
MLT's mate (Fialka) is still deluding himself, and again making statements he cannot back up!

do you believe MLT comes out of this whiter than white?

are in the "He was duped" camp? come on he was in the thick of it, not some dumbnut there to take the wrap.

why on earth would pinnacle fail to complete then say you know what we never went away! they are a band of amatuer shysters, and have let everyone see that. i think its now about spite on their part as the got it from both barrels for stringing all along

Well I have my morning coffee and it smells great.

So you don't work at the stadium, don't know the ID of the bidders and are just another impatient fan venting and thats actually a good thing too.. we all are.

Many possible investors would need a return on their money as quickly as possible.

a lot would only get that through a tv deal.
If they borrowed money to invest they pay huge interest.

Do the maths: 6m wages 5m rebuilding the team allow for interest payments club debt repayments and legal structuring to get rid of the useless holding company and I think in the first year you wouldn't get a lot out of 15-20 mil with some of the debts carrying over to the second year.

Get promotion in the first year and they get tv money, get to the prem and they get better tv money.

So fast return is essential to make the deal viable.

A truly wealthy conglomerate would know that Saints is a great investment with a good five year premiership investment plan.

If Mickey has realised this tapped a few more wealthy friends on the shoulder and is coming back with that in mind then Mr Fry wouldn't turn him away and neither would I.

Again; we don't know. It's fun in here sharing our thoughts hopes and dreams. We are the ones who care and it's okay to vent so long as we don't get too personal and alienate the ones who are trying to help.

Someone just won 36m on the lottery here.. my son said if he won he'd have bought Saints. He's Mickeys age, football mad and has never been to Southampton. Good Kid eh!

Well, here we go again. The deadline is on Friday, no it has to drag on through the weekend. Week after week we have to wait for a conclusion. Get on with it! Nobody has a clue whats going on, including 'The Echo', who have as much clue on the takeover as we do. They write anything to grab our attention and to drag out this sorry affair. It wouldn't surprise me if Bill Gates was lauching a late bid.

Friday is here, have the Directors been called in by Fry? If not why? As this is the 'last day' according to him. Mind you we had 20 days to save Saints months ago. Then one week, wonder what next?

BertCatt wrote:
Friday is here, have the Directors been called in by Fry? If not why? As this is the 'last day' according to him. Mind you we had 20 days to save Saints months ago. Then one week, wonder what next?

They earlier said the sale of players has given then a little more time to get the deal done.

Two bidders are in there with the legal chaps getting it sorted in a professional manner. There is no wrangling, bickering or apparent haggling going on.

They have said that the paperwork is tedious and very detailed because the creditors have to sign off on a lot of the details.

Both are still in there and fry is optimistic of having the deal done. If it's Friday or Monday it doesn't matter apart from us pulling out our hair.

The best thing is that the two bidders are still in with Fry and he is optimistic. As long as he keeps saying that it can only be good.

SFC4lifetilidie wrote:
I blame Le Satan for this. After all the support we gave him as a player, he owes us everything but treachery.

yeah 'le satan' deliberatly conspired against the club. its so obvious now you say it. he also helped nasa fake the moon landings. wtf are you talking about you clueless moron

Well after feeling suicidal last week, it looks like more positive news is round the corner.

What bemuses me with the whole scenario is that supporters haven’t been more critical of Fry. He has made grave mistakes in the whole process of selling Southampton Football Club (ie Exclusivity agreements, all eggs in one basket!! Etc.).

A lot have people have stuck up for Fry and his mickey mouse company. But personally having experienced Begbies Traynor at first hand (as they dealt with a company I used to work for going into administration), It wouldn’t surprise me if he had deliberately dragged his heels on the deal. I know for a fact that when in administration even admin staff are charged at over £100 pound per hour, Fry must be getting charged at least £250 per hour (which is guaranteed, even from donators money). It begs (pardon the pun) the question, would you drag the sale out if you were being paid that extortionate rate?

Apologies for the negative post, but I have experience of “Blagbies Trailing” at first hand, and my impression was they didn’t know there arse from their elbow, yet they still walk away with around £20k, to wind up a £7 million turnover company in one week!!

COYR!!

Finchy wrote:
Well after feeling suicidal last week, it looks like more positive news is round the corner. What bemuses me with the whole scenario is that supporters haven’t been more critical of Fry. He has made grave mistakes in the whole process of selling Southampton Football Club (ie Exclusivity agreements, all eggs in one basket!! Etc.). A lot have people have stuck up for Fry and his mickey mouse company. But personally having experienced Begbies Traynor at first hand (as they dealt with a company I used to work for going into administration), It wouldn’t surprise me if he had deliberately dragged his heels on the deal. I know for a fact that when in administration even admin staff are charged at over £100 pound per hour, Fry must be getting charged at least £250 per hour (which is guaranteed, even from donators money). It begs (pardon the pun) the question, would you drag the sale out if you were being paid that extortionate rate? Apologies for the negative post, but I have experience of “Blagbies Trailing” at first hand, and my impression was they didn’t know there arse from their elbow, yet they still walk away with around £20k, to wind up a £7 million turnover company in one week!! COYR!!

FACE IT It's over club gone DEAD Boys and thier toys ruined the club who let them in ? who sold to them in them first place