Southampton Football Club reveal latest accounts

St. Mary's Stadium St. Mary's Stadium

SAINTS have today released their latest set of results.

The headline announcement of the figures for the year ending June 2011 - the period in which Saints were promoted from League One - is that the estate of Markus Liebherr have invested £33m in the club in the first two seasons, a figure that is understood to include the cost of them buying Saints out of administration.

The figure was initially a loan slated to be repaid. It has now though been converted to shares.

Though it makes little practical difference as the Liebherr’s owned the club in its entirety before and still do now, the loan has been wiped off the books with the debt now likely to be directly recouped if and when they sell, rather than any liability on the club, allowing fans to rest easy that it really is debt free up to June 2011.

In the year in which Saints won their League One promotion they lost some £11.5m, a figure included in the Liebherr family's considerable contribution to the club's current successful position, and their revenues increased to £16.4m while wages went up to 93 per cent of turnover.

Comments(207)

willygetaway says...
7:38am Thu 29 Mar 12

i still think we should name the staduim after the big fella RIP Markus
COYR

SPIKEISLANDTRADER says...
7:53am Thu 29 Mar 12

The cash benefit will come soon to Marcus and family s investment . But the pleasure and excitement has already been enjoyed . I just wish Marcus was still here to see US playing in the PREMIERSHIP , bet his smile is lighting up the pearly gates

olddellsaint says...
7:57am Thu 29 Mar 12

I would like to thank them all for what they are doing for the club and fans.

2: are you watching Pompey??? lol

Billy_The_Fish says...
8:08am Thu 29 Mar 12

So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)

SFC1976 says...
8:10am Thu 29 Mar 12

Another gift from Marcus and all of the Liebherr family we must never forget what they have all done for our beloved football club. I all think we knew we were lucky that amazing day when Marcus saved our club but I'm not sure any of us knew exactly how momentous it would turn out to be. Thank you for the best 3 years of my life what a ride and we arent finished yet one more step to go COYR
Marcus you will never be forgotten and your family are a credit to you. Thank You.

Shareholder says...
8:18am Thu 29 Mar 12

I posted this earlier but it's been removed. Why? There's no bad language and nothing offensive. Surely the Echo can take some criticism of its journalistic content?

What a ridiculous article. No figures, just a sensationalist piece of cheap journalism trying to suggest that the Liebherrs are about to sell up and cash in. You could have written a story about the Liebherrs seeing through their father's plan and ensuring the club is free of the sort of burden faced by the likes of Man Utd and Chelsea by consuming the debt themselves. But then this is the Echo. No wonder Cortese banned you.

Norwegian Saint says...
8:23am Thu 29 Mar 12

willygetaway wrote:
i still think we should name the staduim after the big fella RIP Markus COYR
I wrote to the DE about starting a campaign regarding this. The big man deserves more than a memorial match. Maybe the family are against it but without Markus and the Liebherr family we would not be where we are today.

willygetaway says...
8:31am Thu 29 Mar 12

Norwegian Saint wrote:
willygetaway wrote:
i still think we should name the staduim after the big fella RIP Markus COYR
I wrote to the DE about starting a campaign regarding this. The big man deserves more than a memorial match. Maybe the family are against it but without Markus and the Liebherr family we would not be where we are today.
i,d would happily get aboard that bus

pokersaint76 says...
8:35am Thu 29 Mar 12

Norwegian Saint wrote:
willygetaway wrote:
i still think we should name the staduim after the big fella RIP Markus COYR
I wrote to the DE about starting a campaign regarding this. The big man deserves more than a memorial match. Maybe the family are against it but without Markus and the Liebherr family we would not be where we are today.
Me too.!!!
COYR

SaintL-Y says...
8:45am Thu 29 Mar 12

This just goes to show how fragile the football business model is. The club made a loss of £11.5million on turnover of £16.4 and if it hadn't been for the generosity of the Liebherr family we'd be out of business! Clearly 93% wage cost is unsustainable, and we'd have to hope that anticpiated revenues going forward, and a sensible wage structure will see us right. One note of caution, if the Estate keeps investing, but effectively keeps increasing the value of its shareholding, it won't be too long before we get to a position that should they wish to sell up, the 'value' of those shares may not reflect market value for the business. Having said that, I like what I've seen so far in terms of investment in the infrastructure of the club and I'm sure Cortese and co have a tight handle on the businesses finances! Onwards and upwards! COYR PTJ FOP

Gossie. says...
8:57am Thu 29 Mar 12

It's important to put these figures into perspective, the period is up to June 2011, before we went into the Championship. Our revenue has gone up since June 2011, T.V rights are higher, I know wages are as well, but there was always a 5 year plan, and it's about to pay out big time

george chivers says...
9:08am Thu 29 Mar 12

I have always believed the Liebherrs were in it to sell it at some point. And that is why they employed Nicola Cortese to manage it for them.

Having said that he has done a fantastic job for the emotional shareholders in the club i.e. (US) and I am very grateful for that.

If they sell it after 5 years having re-established SFC as a Premier League club then so be it. We have our club back where it belongs. They have added value and made a profit.

As long as the new owners aren't crooks, incompetent, broke or any combination of those things, I don't care. One thing is certain they are unlikely to be English.

If I am wrong and the Liebherrs stay, even better.

Red n White Army says...
9:12am Thu 29 Mar 12

willygetaway wrote:
i still think we should name the staduim after the big fella RIP Markus
COYR
Frankly I think he'd be horrified at the idea, from what NC has indicated in the past he was a pretty unassuming fella. A stand yes, but not the stadium.

As regards the figures, good news all round, even better is that our turnover has increased by 70% in the last 6 months. :)

Dan Kerins says...
9:12am Thu 29 Mar 12

Shareholder wrote:
I posted this earlier but it's been removed. Why? There's no bad language and nothing offensive. Surely the Echo can take some criticism of its journalistic content?

What a ridiculous article. No figures, just a sensationalist piece of cheap journalism trying to suggest that the Liebherrs are about to sell up and cash in. You could have written a story about the Liebherrs seeing through their father's plan and ensuring the club is free of the sort of burden faced by the likes of Man Utd and Chelsea by consuming the debt themselves. But then this is the Echo. No wonder Cortese banned you.
No comment has been removed at all - the only reason a previous comment would not be displayed would be if it was submitted incorrectly.

I'm sorry if you're of the opinion that this is 'sensationalist' but until the full accounts of all companies lonked to SFC are published via Companies House in the coming weeks, it'll be very hard to get much more information than what is reported here.

Alicesdad says...
9:12am Thu 29 Mar 12

There is never any point in worrying about things you cannot change.

These figures are relatively meaningless to the fan base as the owners are very private and will continue to be so. The change to shareholdings and the writing off of the initial loans are probably for tax purposes. But who knows. There will be those who spout some jargon littered assessments but generally speaking are probably wrong.

One can only speculate but promotion to the premiership will see more money coming in but will require a lot of further investment to keep us in the premiership. I'm not at all cerytain this club can be profitable without major sales of home grown players from time to time. That would justify the academy investment.

What this all shows is that a big football club needs a big benefactor. We are fortunate to have had one over the last three years. Who knows if that will ever change?

The best thing to do is enjoy the current success and hope it lasts long into the future.

Just another reader says...
9:13am Thu 29 Mar 12

Having seen Nicolas interview at Staplewood it's clear the investment is serious and long term. Ive never been so happy to be a saints fan and once again I say a huge thankyou to Mr Liebherr, Mr Cortese and the whole of the club for their combined efforts.

COYR, premiership bound!

BrixtonSaint says...
9:19am Thu 29 Mar 12

willygetaway wrote:
i still think we should name the staduim after the big fella RIP Markus
COYR
Given the quiet unassuming man he was, I doubt he would have approved of this.

He understood our heritage and would no doubt have appreciated there's no better way of acknowledging it than calling our stadium after the team that became Saints and the area it is in.

Red n White Army says...
9:22am Thu 29 Mar 12

I see they declared an £11.5 million loss for the period ending the day before the £12 million sale of AOC. lol

swesaint says...
9:26am Thu 29 Mar 12

Good stuff from Nicola on sky sports last night. Everything should be at a standard that noone will ever have a reason to leave the club or to not come back.

Folkestone Saint says...
9:33am Thu 29 Mar 12

Shareholder wrote:
I posted this earlier but it's been removed. Why? There's no bad language and nothing offensive. Surely the Echo can take some criticism of its journalistic content?

What a ridiculous article. No figures, just a sensationalist piece of cheap journalism trying to suggest that the Liebherrs are about to sell up and cash in. You could have written a story about the Liebherrs seeing through their father's plan and ensuring the club is free of the sort of burden faced by the likes of Man Utd and Chelsea by consuming the debt themselves. But then this is the Echo. No wonder Cortese banned you.
Well I think it is your response that needs to be questioned, I have read the article more than once to see if it read as you have translated it but no, maybe it is due to a lack of sleep after the clocks went back that has made you so bitter, maybe the Echo should ban you if all you can muster is cheap digs at them.

truelysaints says...
9:36am Thu 29 Mar 12

Shareholder wrote:
I posted this earlier but it's been removed. Why? There's no bad language and nothing offensive. Surely the Echo can take some criticism of its journalistic content?

What a ridiculous article. No figures, just a sensationalist piece of cheap journalism trying to suggest that the Liebherrs are about to sell up and cash in. You could have written a story about the Liebherrs seeing through their father's plan and ensuring the club is free of the sort of burden faced by the likes of Man Utd and Chelsea by consuming the debt themselves. But then this is the Echo. No wonder Cortese banned you.
Some possible truth in this. Call me a cynic but experience is that very few buyers of football clubs do it for love of the club. They all, by and large, see it as a business. Think about it. What is the Liebher's historic connection with the club? None. Why would they want to invest in the club as they have? How often have they flown over to see the team play? Do you not think that once in the premier league the clubs value will increase ten fold? Don't hold your breath that the club will continue in the Leibherr's hands and that's OK. Business is business is business, and yes it really was good that they came along in our of need but lets not carried away and be realistic that at the end of the day its a business. After all this I still think we are the greatest since slice bread and the Leibherr family should be thanked but lets have our feet on the ground. Now you can all have a go at me.

WobblyCat says...
9:50am Thu 29 Mar 12

Wow I put the TV on this morning and they had the first televised footage of aliens landing in Puerto Rico and Nicola Cortese being interviewed on Sky! Thats right! NC was on Sky TV! He was talking about the zillion pound redevelopment of Saints training facilities and basically how life is so wonderful and good. Sky Sports covered the story as ‘Saints prepare for life in the premiership’. I felt a bit for any Poopey fans watching, felt like we were rubbing their noses in it as they can’t even afford soft loo roll as they basically disappear into oblivion. I had a few tears in my eyes I can tell you, but then I was laughing really, really hard! What a lovely day!

Jesus_02 says...
9:51am Thu 29 Mar 12

I dont think that the article is sensationalist at all. Its just unwelcome news.

Marcus and the Liebherrs have been fantastic for the club and more than anything have given it stabilty and trust.

It will be a sad day when they sell up, but one we where all expecting.

The plan was always to make the club self reliant. And for that we can only be grateful

There is always a risk that someone like the glaziers will take advantage. In my view it should be up to the FA to ensure that this doesnt happen.

We live in hope

Jesus_02 says...
9:59am Thu 29 Mar 12

SaintL-Y wrote:
This just goes to show how fragile the football business model is. The club made a loss of £11.5million on turnover of £16.4 and if it hadn't been for the generosity of the Liebherr family we'd be out of business! Clearly 93% wage cost is unsustainable, and we'd have to hope that anticpiated revenues going forward, and a sensible wage structure will see us right. One note of caution, if the Estate keeps investing, but effectively keeps increasing the value of its shareholding, it won't be too long before we get to a position that should they wish to sell up, the 'value' of those shares may not reflect market value for the business. Having said that, I like what I've seen so far in terms of investment in the infrastructure of the club and I'm sure Cortese and co have a tight handle on the businesses finances! Onwards and upwards! COYR PTJ FOP
Wage costs of 93% are not unsustainable. 101% of turnover is unsustainable. 7% may not seem a lot but its 7% of £16.4m and thats turnover from League 1.

Projected income will be higher and this figure cannot include 12m for chamberlain.

The club is very healthy and 33m would be a steal

Bigrich1980 says...
10:02am Thu 29 Mar 12

ThE figure is not impressive but like you said the sale of ox isn't in there and also turnover would have increased this year. Higher tv money higher season ticket sales and higher gate receipts. Obviously 93% of turnover on wages is not good but there are a lot of players who I think will be on the way out this summer that will lower that number. Your connollys Dickson, Holmes, seabourne are on quite high wages and are not in future plans also maybe Barnard could be included in that.

Over the Edge says...
10:16am Thu 29 Mar 12

The Cortese interview on TV last night made very interesting viewing, £10 million investment in Staplewood making it a world class academy/training facility is one good thing but following the philosophy of Barcelona is another excellent way forward.

Cortese speaks highly of the this philosophy, roughly 70% home grown players kept for the 1st team, one or two players per year sold and the other who do not make the grade released to the lower leagues, it all makes sense to sustain the club, we cannot sustain 93% of turnover going out of the club in wages.

I believe young players will encouraged to learn their trade at a world class facility (arguably) one of the best in the country, with the opportunity of 1st team football quite quickly, unlike youngsters at the big 4/5 Premier league club, then we sell a couple each year (like we did with AOC, Bale and Theo) but keep others for ourselves sustaining our position in the Premier League (when we get there).

I'm not saying we will unearth another Messi however we will find others like the 3 mentioned above, by doing it this way Cortese knows not only will it continue to sustain the club but it will also be major selling point to any potential buyer, should the Liebherr decide to sell.

To me its a great bit of business, that was impossible until Markus Liebherr invested his money into the club and for that I will also be eternally grateful to him.

I

Lone Ranger. says...
10:16am Thu 29 Mar 12

On goal.com
.
Mystery consortium in talks to buy Southampton for £25m
The family of late owner Markus Liebherr are ready to sell the club but the asking price has risen because of the growing expectation of Premier League status next season

Alicesdad says...
10:18am Thu 29 Mar 12

Investing 33m is indeed a steal for a club that is entering the premiership. Players can cost more than that in some teams!!

Markus had a love of the City where he had done business, but his attachment to the club was genuine though, once he had completed the purchase.

I doubt however that the remaining family has any such attachment, why would they? It is however clear they are still investing (e.g. Sharp + Lee) and I have a great respect for Cortese based on his performance so far. So what's to grumble about. Nothing.

For the time being it is better to forget all this and focus on whats really important today. Support the team.. get Promotion !!

Red n White Army says...
10:24am Thu 29 Mar 12

Lone Ranger. wrote:
On goal.com
.
Mystery consortium in talks to buy Southampton for £25m
The family of late owner Markus Liebherr are ready to sell the club but the asking price has risen because of the growing expectation of Premier League status next season
That story is the biggest heap of sh1te I have read in a very long time.

Let's get this right, the estate has invested thus far 33 million, a further 15 million is being spent on our training ground and academy.
So of course they sell at a loss of 23 mill.

Total, total garbage.

Seedhouse the Unrepentant says...
10:24am Thu 29 Mar 12

The one thing that had always nagged at the back of my mind was why the money was being loaned to the club ala Gaydamak at the skates. The conversion of those loans to equity shows a true commitment. £10m on Staplewood shows long term commitment - the returns on that bit of spend will take time.

Excellent news.

Fairscup says...
10:29am Thu 29 Mar 12

There is nothing at companies house yet on the 30 June 2011 accounts. SFC have left it to the last possible moment to disclose figures - they would be fined if they file after 31 March.
Until we can go through the numbers in detail we can't see the reasons for changes from loan to shareholding but this could be one of many steps to prepare the company for sale, its easier to sell shares than pass on a loan payable to the Liebherrs to a new owner. Although the sale of Ox was after the year end this should be disclosed in the accounts - my guess is that they cannot include all the income from the sale as some of it is conditional on performance.

Longer term the ratio of wages to turnover is unsustainable and yes, we have bought promotion through paying higher salaries than our competitors. This is all part of the strategy to build the business back up from next to nothing to a well run premiership outfit. Whether the company can ever be returned to profitability depends on player sales and not over spending when the higher revenues start to flow from the premiership.

Let's hope the new owners have the same vision.

Ashley Charles Pragnell says...
10:30am Thu 29 Mar 12

Thinking back to three years ago when Southampton Had a huge debt which was largly due to the building of St Mary's . We are looking in a more sucure position. The main thing is that to grow the business you have to invest in it long term. Its like the farmer who builds a new barn. It might take him ten years to pay it off but in the long term if it is maintained correctly it will last a life time. Thus Southamptons plan in for the long term. I also suspect that the money we got for AOC was reinvested in new players such as Fox Sharp and the Hoover as De Ridder and Cork arrived before AOC was sold.
Turn over this season will have gone due to higher gates, extra revenue from sponsorship this season due to the fact that during 125 year celebrations we did not have a shirt sponsorship deal but this year we had sponsorship from App.
Prehaps if Pompy had been run the way we have been run in the last three years and investment had gone into their rubbish heap of a Stadium and if they had good training facilaties and did not spend money they did not have they would not be in the sorry state they are in now. It must be really humiliating when you have the worst stadium South of London. When our selves Brighton, Bournmouth and Reading have modern Stadiums. Clearly we are on the up and if we can beat Blackpool on Saturday it will be another huge step to the promised land. I believe we will get a result at Blackpool but it will be a hard thought battle.

Ashley Charles Pragnell says...
10:30am Thu 29 Mar 12

Thinking back to three years ago when Southampton Had a huge debt which was largly due to the building of St Mary's . We are looking in a more sucure position. The main thing is that to grow the business you have to invest in it long term. Its like the farmer who builds a new barn. It might take him ten years to pay it off but in the long term if it is maintained correctly it will last a life time. Thus Southamptons plan in for the long term. I also suspect that the money we got for AOC was reinvested in new players such as Fox Sharp and the Hoover as De Ridder and Cork arrived before AOC was sold.
Turn over this season will have gone due to higher gates, extra revenue from sponsorship this season due to the fact that during 125 year celebrations we did not have a shirt sponsorship deal but this year we had sponsorship from App.
Prehaps if Pompy had been run the way we have been run in the last three years and investment had gone into their rubbish heap of a Stadium and if they had good training facilaties and did not spend money they did not have they would not be in the sorry state they are in now. It must be really humiliating when you have the worst stadium South of London. When our selves Brighton, Bournmouth and Reading have modern Stadiums. Clearly we are on the up and if we can beat Blackpool on Saturday it will be another huge step to the promised land. I believe we will get a result at Blackpool but it will be a hard thought battle.

Tirau Dan says...
10:35am Thu 29 Mar 12

Fantastic report... Thanks Adam and Dan.. Companies office quite happily email pdf's of the full report when it comes out but the basics are very promising given the predictions of up to 93m total income over gate in the premier league.

No need for anyone at all to get cynical or doubtful about any goings on at SFC. Everything is transparent and upwardly mobile.

To cast slurs of any kind on Nicola Cortese or the Liebherr family at this time is just ludicrously out of line and down right insulting to Saints fans.

Following a visit to the town which took in a game at SMS, when the club later went bust. It was Nicola Cortese that went to Markus Liebherr with his vision of buying Southampton FC and taking them to the Premier League inside five years. Markus knew his friend's business skills well and trusted him enough to back the venture. Katharina and the family have backed the legacy and we now clearly on a very stable footing.

As Gossie says above the figures were June last year.. we are in such a fantastic position now with everything to play for in the next few weeks..

This club is going not only to the Premier League but to the Champions League; that was Nicola's stated intention to Markus on his death bed.

A couple of people in threads said they attended a chairmans fans night at which Nicola said if and when the family ever wished to sell the club he would be given plenty of time to find the right person to buy it and he knows people who would jump at the chance.

Still doubts.. just remember how desperate we all were 3 days from wind up with those Pompey Bstds jibing at us.. it felt like utter cr@p. Right now I feel the club is one of the best run upwardly mobile outfits in the world of sports. There seems to be a creed of honesty and decency and it's bound by hard work promised glory.

Saints have provided some of the best times we've ever had.. they've gone through mediocrity pseudo drought famine and shame.. It's out time to rise up and Southampton City should get on the bus, stop worrying and start filling the ground every game.

All the over seas fans love each and every one of our vocal song-full fans, especially the away travellers. I for one worry about traffic jams and the kids with you on the motorways. Then have warm thoughts for the good times you may have at Northern Pubs away and of course for friends in So'ton.
Good on you all.
Good on you Nicola!
Thank You to the Liebherr's
Keep it up Nigel and the lads... one game at a time... TOGETHER WE ARE SOUTHAMPTON FC, WE ARE UNBEATABLE AND WE ARE THE GREATEST TEAM THE WORLD HAS EVER SEEN.

UP THE SAINTS...
.
.
.
bgr where's me hanky.

george chivers says...
10:55am Thu 29 Mar 12

truelysaints wrote:
Shareholder wrote:
I posted this earlier but it's been removed. Why? There's no bad language and nothing offensive. Surely the Echo can take some criticism of its journalistic content?

What a ridiculous article. No figures, just a sensationalist piece of cheap journalism trying to suggest that the Liebherrs are about to sell up and cash in. You could have written a story about the Liebherrs seeing through their father's plan and ensuring the club is free of the sort of burden faced by the likes of Man Utd and Chelsea by consuming the debt themselves. But then this is the Echo. No wonder Cortese banned you.
Some possible truth in this. Call me a cynic but experience is that very few buyers of football clubs do it for love of the club. They all, by and large, see it as a business. Think about it. What is the Liebher's historic connection with the club? None. Why would they want to invest in the club as they have? How often have they flown over to see the team play? Do you not think that once in the premier league the clubs value will increase ten fold? Don't hold your breath that the club will continue in the Leibherr's hands and that's OK. Business is business is business, and yes it really was good that they came along in our of need but lets not carried away and be realistic that at the end of the day its a business. After all this I still think we are the greatest since slice bread and the Leibherr family should be thanked but lets have our feet on the ground. Now you can all have a go at me.
Nothing wrong with that POV similar to mine.

SaintMax says...
11:08am Thu 29 Mar 12

I don't think it's a bad article, found it quite enlightening actually and further confirmed (if it were ever needed) how much Markus and his family have done for us. We wouldnt be here today in the form we are - full stop - if it wasnt for Nicola bringing us to Markus's attention and him investing. There should defo be a stand if not the stadium named after the great man - what better justification than the man the saved the club from extinction..?

BlandfordSaint says...
11:31am Thu 29 Mar 12

The wage bill must come down - reckon we will lose these:

Bart
Forecast
Butters
Dickson
Harding
Jedi
Seabourne
Holmes
Puncheon
Hammond
Conners
Barnard
Forte
Doble
Falque and a few nippers

That will enable us to bring in 3/4 quality players next season regardless of what league we are in

Your thoughts

george chivers says...
11:38am Thu 29 Mar 12

BlandfordSaint wrote:
The wage bill must come down - reckon we will lose these:

Bart
Forecast
Butters
Dickson
Harding
Jedi
Seabourne
Holmes
Puncheon
Hammond
Conners
Barnard
Forte
Doble
Falque and a few nippers

That will enable us to bring in 3/4 quality players next season regardless of what league we are in

Your thoughts
Not sure about Bart, Harding and Hammond. Although if there were decent offers then yes.

In the Prem we will need to have 5 strikers at least.

Tirau Dan says...
11:46am Thu 29 Mar 12

BlandfordSaint wrote:
The wage bill must come down - reckon we will lose these:

Bart
Forecast
Butters
Dickson
Harding
Jedi
Seabourne
Holmes
Puncheon
Hammond
Conners
Barnard
Forte
Doble
Falque and a few nippers

That will enable us to bring in 3/4 quality players next season regardless of what league we are in

Your thoughts
Wrong time to think about that.. any such talk is a distraction.. they'll have it sussed in the backrooms but lets just enjoy the fantastic run home... all summer to talk transfer guesses. COYR

Confucious says...
11:57am Thu 29 Mar 12

These are good numbers. The club is debt free and owns excellent assets which are receiving substantial further investment. Very few clubs are in this position.

There is no reason whatsoever to believe that Markus bought the club purely as a business investment. This would make no sense whatsoever, either in terms of need or 'business fit', in the context and nature of the extremely successful business empire which the family owns and has built over decades. There is also no evidence at all that the business culture of the Liebherr family is 'speculative' in nature - in fact it's the complete opposite. Their superb business was built steadily and over a long period - as indeed very many great German companies have been.

I think it was clear that by the time Markus passed away he had grown a considerable emotional attachment to the club - and duly made good and careful provision for it's future before he died. I have no doubt either that his family will honour his wishes.

As things stand I think the club is more of an enduring legacy to Markus than it is a transitory financial investment.
Continued respect for the memory of the man from fans and continuing wise handling of the club's affairs by the management team should ensure that things stay that way.

I'm confident both will happen. We are very very fortunate.

Red n White Army says...
12:07pm Thu 29 Mar 12

Here's a link to the Radio Solent interview with Saints chief financial officer.

http://www.bbc.co.uk
/sport/0/football/17
548088

Upshot, everything going better than expected.

St Retford says...
12:09pm Thu 29 Mar 12

BlandfordSaint wrote:
The wage bill must come down - reckon we will lose these: Bart Forecast Butters Dickson Harding Jedi Seabourne Holmes Puncheon Hammond Conners Barnard Forte Doble Falque and a few nippers That will enable us to bring in 3/4 quality players next season regardless of what league we are in Your thoughts
The wage bill must go up, not down. The fact it accounts for 93% of turnover means we need to increase turnover rather than slashing costs.

And, given we managed to turn over an impressive £16m in League 1, just imagine how much will be coming through the tills in the Premiership.

OSPREYSAINT says...
12:19pm Thu 29 Mar 12

Lone Ranger. wrote:
On goal.com
.
Mystery consortium in talks to buy Southampton for £25m
The family of late owner Markus Liebherr are ready to sell the club but the asking price has risen because of the growing expectation of Premier League status next season
I suspect this is an attempt to rock the boat, the figures don't add up at all and completely at odds with the official statements coming from the club. Everyone has to concentrate on the ultimate aim, all I want to hear from the Club is that we are financially secure, the actual figures we can leave to those that can add up and take away!

Tirau Dan says...
12:31pm Thu 29 Mar 12

BBC "Pompey in for Scary Summer"


Growing Spec that Sam Allardyce up the Sack this weekend with Gus Poyet taking his place.

Saints ready for another day at the office in Blackpool. Good Luck Lads.

King o' the Kingsland says...
12:39pm Thu 29 Mar 12

None of this concerns me, you have to speculate to accumulate. Should we be promoted this season, £33m to purchase a Premier League football club with a new stadium, decent fanbase and an academy that has produced arguably the three most exciting players in the past 5 or 6 years is an absolute bargain.

I would be surprised if this season culminates in such a loss. The net transfer spend for the year will probably be around +£5m, in addition to increased Gate receipts, TV revenue etc.

The family will easily make the money back if we get promoted, and I'm nervously starting to believe that we will. I don't think the squad needs much adding to it to compete next season, so the wage bill will probably double from what it was after the League 1 season, versus revenues that will probably increase fivefold.

Finally, if I inherited a football club which I had no interest in keeping and wanted to maximise my return on my late father's investment in the short term, the last thing I would do is sanction a £10m long term investment in training facilities...

The future is bright

Dickosfc says...
12:42pm Thu 29 Mar 12

Confucious wrote:
These are good numbers. The club is debt free and owns excellent assets which are receiving substantial further investment. Very few clubs are in this position. There is no reason whatsoever to believe that Markus bought the club purely as a business investment. This would make no sense whatsoever, either in terms of need or 'business fit', in the context and nature of the extremely successful business empire which the family owns and has built over decades. There is also no evidence at all that the business culture of the Liebherr family is 'speculative' in nature - in fact it's the complete opposite. Their superb business was built steadily and over a long period - as indeed very many great German companies have been. I think it was clear that by the time Markus passed away he had grown a considerable emotional attachment to the club - and duly made good and careful provision for it's future before he died. I have no doubt either that his family will honour his wishes. As things stand I think the club is more of an enduring legacy to Markus than it is a transitory financial investment. Continued respect for the memory of the man from fans and continuing wise handling of the club's affairs by the management team should ensure that things stay that way. I'm confident both will happen. We are very very fortunate.
This post is spot on!
.
If my family was worth Billions and Billions and my Dad started a venture (as Markus) and he sadly passed away, there is no way on Earth that I would sell it!! The word Legacy is the operative word here. I would want the legacy of my old man to last many many lifetimes. To me, that is alot more important than making a quick buck..

St Retford says...
1:10pm Thu 29 Mar 12

For all these numbers and theories, the future of the club's finances and ownership comes down to one thing: how settled Nicola and his family are in Southampton.

They've moved here from one of the most beautiful countries in the world and must from time to time get homsick. But equally, they've moved to the most beautiful part of England and must be enjoying a very good life. I think that after starting this project Nicola will want to see it through to completion and the only thing that will stop him is if his wife or children want to leave.

So, you know, if you see them in the street then be nice to them and stuff.

mack chinnon says...
1:25pm Thu 29 Mar 12

10 days to go.

ghk230473 says...
1:32pm Thu 29 Mar 12

It's all relative, football like all other businesses now a days are fragile. Woopert nee this and he and other chairman from the past paid attention to the youth, just have to look back as far as Terry Paine, channon, Williams, Holmes, baker etc etc. Obviously now football is big business and players are worth a lot more so your increase in attention should increase in them, so investment in youth accedemies is something you don't do at your peril. Markus has invested 33m to date and even though I wouldn't want to change the owner has made a tidy profit I would imagine, the stadium alone must be worth that? The owner to be fair was always going to profit as the league we were in when purchased didn't represent the size of club. What is going to happen when we reach where's about right for us? No one knows the future of football or what around it crashes. Tv has taken over and let's be honest televised games result in falling attendances and you can't blame any one in this current climate, but over time, 5, 10, 20 years you can lose tradition and the kids who are the future end up supporting other teams. It's so important that saints stay competitive in the premier league and not lose the local support, and generations are kept and encouraged to support their local team.

oldsaintsfan says...
1:46pm Thu 29 Mar 12

Irrespective of the initial opportunity, future outcomes and the business motivation, I think Saints fans should be very grateful to Marcus Liebherr (and family) and Nicola Cortese for the significant investment and thoughtful leadership over the last three years. Clearly there was some disappointment (to the management) in year 1 (no immediate return to the championship) but this will be more than offset by this season whatever the outcome. Clearly the “five year plan” is well on track. Continued investment in the academy and initial long term attempts to build a franchise outside the UK (I assume the addition of Tandanari Lee was not just about a talented forward) as well as a thoughtful strategy with regards to aquiring playing staff bodes well for the future. Looking forward to watching another Saints victory at Blackpool! COYR.

saintsaustralia says...
1:56pm Thu 29 Mar 12

Shareholder, calm down, without the echo, we in Australia who are just as loyal fans of SFC as you are (hope so after travelling 9 times back and forth to see the Saints play) love the stories the Echo prints. Do not forget that SFC are a company and if we really want their figures (which I must admit I find interesting) I can obtain them for a very small fee. Why would the Echo print even the most basic P and L, balance sheets and cash flow projections for the next 3 months, when most of us wouldnt understand this. The great thing about the UK is that you as we do in Australia have freedom of choice in what we choose to read. I wouldnt choose the Echo as a source of financial information for SFC. You surely would have better sources of information to find this information as opposed to moaning and groaning about the Echo, which most of us find OK, for passive reading. Mate, the storey didn't indicate anything of the sort about the family selling their shares in the club. I would suggest you have read this completley incorrectly and have become very confused also. Mate, fredom of choice, if you don't like it Fxxx off and moan somewhere else, we loyal fans do not need it.

Saintsayer II says...
2:22pm Thu 29 Mar 12

Jesus_02 wrote:
I dont think that the article is sensationalist at all. Its just unwelcome news.

Marcus and the Liebherrs have been fantastic for the club and more than anything have given it stabilty and trust.

It will be a sad day when they sell up, but one we where all expecting.

The plan was always to make the club self reliant. And for that we can only be grateful

There is always a risk that someone like the glaziers will take advantage. In my view it should be up to the FA to ensure that this doesnt happen.

We live in hope
i disagree with the premise that the family will sell up once it becomes a going concern If you examine their record from 1947 they have never built up and then sold any part of their empire except to another member of he family Why would they start now?

Mush On The Beach says...
2:23pm Thu 29 Mar 12

I respect all your comments and analysis, but if I can bring it all back to our history:
SFC - 1885 – 2012 ..... Great History, with the Future unknown.
PFC - 1898 – 2012 (Young Puppies FC) ...... Great History, with the Future unknown.
Don’t worry about current ownership, cos if you trust the past the future is bright.

Owners will come and go ..... I hope the Liebherrs stay on our current watch and keep the red and white flag flying high.

We will meet the Farton Scummers some point down the road and the rivalry will be reborn.
Til then, Salisbury, Swindon, Netley Athletic, Totton, Reading and Chelsea seem to be our local rivals.

G0Rf says...
2:54pm Thu 29 Mar 12

Wonder why the Liebherr dont make any mention of Southampton Football Club on any of their websites like .liebherr.com etc ?

Alicesdad says...
3:03pm Thu 29 Mar 12

Saintsayer II wrote:
Jesus_02 wrote:
I dont think that the article is sensationalist at all. Its just unwelcome news.

Marcus and the Liebherrs have been fantastic for the club and more than anything have given it stabilty and trust.

It will be a sad day when they sell up, but one we where all expecting.

The plan was always to make the club self reliant. And for that we can only be grateful

There is always a risk that someone like the glaziers will take advantage. In my view it should be up to the FA to ensure that this doesnt happen.

We live in hope
i disagree with the premise that the family will sell up once it becomes a going concern If you examine their record from 1947 they have never built up and then sold any part of their empire except to another member of he family Why would they start now?
This is a very good point Saintsayer II. The best owners are the ones who are in for the long term and based on their history, the Leibherr's do not act unwisely or in haste.

Confucious says...
3:10pm Thu 29 Mar 12

saintsaustralia wrote:
Shareholder, calm down, without the echo, we in Australia who are just as loyal fans of SFC as you are (hope so after travelling 9 times back and forth to see the Saints play) love the stories the Echo prints. Do not forget that SFC are a company and if we really want their figures (which I must admit I find interesting) I can obtain them for a very small fee. Why would the Echo print even the most basic P and L, balance sheets and cash flow projections for the next 3 months, when most of us wouldnt understand this. The great thing about the UK is that you as we do in Australia have freedom of choice in what we choose to read. I wouldnt choose the Echo as a source of financial information for SFC. You surely would have better sources of information to find this information as opposed to moaning and groaning about the Echo, which most of us find OK, for passive reading. Mate, the storey didn't indicate anything of the sort about the family selling their shares in the club. I would suggest you have read this completley incorrectly and have become very confused also. Mate, fredom of choice, if you don't like it Fxxx off and moan somewhere else, we loyal fans do not need it.
Good point about the Echo site regarding the far away fans. Keeps you up to date and in touch with all the gossip. AND IT'S FREE!

And it reminds the rest of us just how many Saints there are all over the world - and what a global Saints community we all belong to.

So well done Echo.

By the way could you or NZ Rob remember to let us know early Saturday UK how we got on against Blackpool - and the Wet Spam/Reading result. Ta.

Walzing Matilda!

gooner1711 says...
3:12pm Thu 29 Mar 12

Billy_The_Fish wrote:
So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....

dly397 says...
3:24pm Thu 29 Mar 12

gooner1711 wrote:
Billy_The_Fish wrote: So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Gooner - don't be a numpty. Read what Billy wrote again - this time slowly. Nowhere does he say that Markus had anything to do with the building of the stadium. What he says is what the Liebhers now have in terms of what they bought.

gooner1711 says...
3:26pm Thu 29 Mar 12

Confucious wrote:
saintsaustralia wrote: Shareholder, calm down, without the echo, we in Australia who are just as loyal fans of SFC as you are (hope so after travelling 9 times back and forth to see the Saints play) love the stories the Echo prints. Do not forget that SFC are a company and if we really want their figures (which I must admit I find interesting) I can obtain them for a very small fee. Why would the Echo print even the most basic P and L, balance sheets and cash flow projections for the next 3 months, when most of us wouldnt understand this. The great thing about the UK is that you as we do in Australia have freedom of choice in what we choose to read. I wouldnt choose the Echo as a source of financial information for SFC. You surely would have better sources of information to find this information as opposed to moaning and groaning about the Echo, which most of us find OK, for passive reading. Mate, the storey didn't indicate anything of the sort about the family selling their shares in the club. I would suggest you have read this completley incorrectly and have become very confused also. Mate, fredom of choice, if you don't like it Fxxx off and moan somewhere else, we loyal fans do not need it.
Good point about the Echo site regarding the far away fans. Keeps you up to date and in touch with all the gossip. AND IT'S FREE! And it reminds the rest of us just how many Saints there are all over the world - and what a global Saints community we all belong to. So well done Echo. By the way could you or NZ Rob remember to let us know early Saturday UK how we got on against Blackpool - and the Wet Spam/Reading result. Ta. Walzing Matilda!
saintsaustralia had a good thing going until the explitives....

DubaiSaint says...
3:27pm Thu 29 Mar 12

Please show a bit more respect and spell the great mans name correctly...it's Markus not f****** Marcus!!

DubaiSaint says...
3:29pm Thu 29 Mar 12

Please show a bit more respect and spell the great mans name correctly...it's Markus not f****** Marcus!!

Mush On The Beach says...
3:30pm Thu 29 Mar 12

gooner1711 wrote:
Billy_The_Fish wrote:
So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Let’s not get picky Gooner, we have a trophy in the last 7 years (JPT), do you?

p.s. tell Arsene to stop kerb crawling around our new young Saints boys prospects

Over the Edge says...
3:38pm Thu 29 Mar 12

gooner1711 wrote:
Billy_The_Fish wrote:
So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium?

You are taking the p!ss of course?

Any fool can get a bank loan and employ contractors to build something.

It takes hard work to pay for it, something Woopert never did.

The only thing to thank that man for is the fact that he fcuked off once and for all.

george chivers says...
3:42pm Thu 29 Mar 12

Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote:
So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium?

You are taking the p!ss of course?

Any fool can get a bank loan and employ contractors to build something.

It takes hard work to pay for it, something Woopert never did.

The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!

Mush On The Beach says...
3:49pm Thu 29 Mar 12

george chivers wrote:
Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote:
So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium?

You are taking the p!ss of course?

Any fool can get a bank loan and employ contractors to build something.

It takes hard work to pay for it, something Woopert never did.

The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!
Not strictly true.
Poopey couldn’t raise the funds when in the Prem from their bank manager at HSBC to rebuild their toilet of a ground .... That’s why I’ll still bank with them

Folkestone Saint says...
3:51pm Thu 29 Mar 12

Confucious wrote:
saintsaustralia wrote:
Shareholder, calm down, without the echo, we in Australia who are just as loyal fans of SFC as you are (hope so after travelling 9 times back and forth to see the Saints play) love the stories the Echo prints. Do not forget that SFC are a company and if we really want their figures (which I must admit I find interesting) I can obtain them for a very small fee. Why would the Echo print even the most basic P and L, balance sheets and cash flow projections for the next 3 months, when most of us wouldnt understand this. The great thing about the UK is that you as we do in Australia have freedom of choice in what we choose to read. I wouldnt choose the Echo as a source of financial information for SFC. You surely would have better sources of information to find this information as opposed to moaning and groaning about the Echo, which most of us find OK, for passive reading. Mate, the storey didn't indicate anything of the sort about the family selling their shares in the club. I would suggest you have read this completley incorrectly and have become very confused also. Mate, fredom of choice, if you don't like it Fxxx off and moan somewhere else, we loyal fans do not need it.
Good point about the Echo site regarding the far away fans. Keeps you up to date and in touch with all the gossip. AND IT'S FREE!

And it reminds the rest of us just how many Saints there are all over the world - and what a global Saints community we all belong to.

So well done Echo.

By the way could you or NZ Rob remember to let us know early Saturday UK how we got on against Blackpool - and the Wet Spam/Reading result. Ta.

Walzing Matilda!
You beat me to that question, by the way as you know all known words including get by in cling-on what is the word for a homosexual who has a go at me for being straight

Over the Edge says...
4:15pm Thu 29 Mar 12

Mush On The Beach wrote:
george chivers wrote:
Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote:
So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium?

You are taking the p!ss of course?

Any fool can get a bank loan and employ contractors to build something.

It takes hard work to pay for it, something Woopert never did.

The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!
Not strictly true.
Poopey couldn’t raise the funds when in the Prem from their bank manager at HSBC to rebuild their toilet of a ground .... That’s why I’ll still bank with them
I said any fool, not total fcuking idiots.

Even HSBC know a bad thing when they see it

Stafford Saint says...
4:26pm Thu 29 Mar 12

Saints were 'for sale' on and off for several years prior to the Cortese/ Liebherr takeover. I think it is going to be more common to buy clubs in administration in the future, especially if the potential is right.

St Retford says...
4:37pm Thu 29 Mar 12

Over the Edge wrote:
Mush On The Beach wrote:
george chivers wrote:
Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote: So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium? You are taking the p!ss of course? Any fool can get a bank loan and employ contractors to build something. It takes hard work to pay for it, something Woopert never did. The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!
Not strictly true. Poopey couldn’t raise the funds when in the Prem from their bank manager at HSBC to rebuild their toilet of a ground .... That’s why I’ll still bank with them
I said any fool, not total fcuking idiots. Even HSBC know a bad thing when they see it
Haha.

Folkestone Saint says...
4:39pm Thu 29 Mar 12

Stafford Saint wrote:
Saints were 'for sale' on and off for several years prior to the Cortese/ Liebherr takeover. I think it is going to be more common to buy clubs in administration in the future, especially if the potential is right.
Do you mean ONLY if the potential is right, which the blue fewer don't have

Costa Baz says...
4:40pm Thu 29 Mar 12

One or two people have raised concerns at the high percentage of wages being paid, but I think this was a temporary increase, a gamble that is paying off, to facilitate promotion.
The EUFA Financial Fairplay rules, that will come into being, in the future, will ensure ALL clubs operate within their means and break even.

St Retford says...
4:43pm Thu 29 Mar 12

Stafford Saint wrote:
Saints were 'for sale' on and off for several years prior to the Cortese/ Liebherr takeover. I think it is going to be more common to buy clubs in administration in the future, especially if the potential is right.
I suppose we're going to be held up as the shining example of what can be achieved when you take over a club in administration. In a way it might help the administrator with the sale of Pompey.

But will they thank us? Will they shyte.

ghk230473 says...
4:47pm Thu 29 Mar 12

Stafford Saint wrote:
Saints were 'for sale' on and off for several years prior to the Cortese/ Liebherr takeover. I think it is going to be more common to buy clubs in administration in the future, especially if the potential is right.
That's exactly why Pompey are going to suffer, they have no potential what so ever. The owners of the stadium which is crap, do not own the land, no training facilities, sweet f. A.!!!

Stafford Saint says...
4:51pm Thu 29 Mar 12

Folkestone Saint wrote:
Stafford Saint wrote: Saints were 'for sale' on and off for several years prior to the Cortese/ Liebherr takeover. I think it is going to be more common to buy clubs in administration in the future, especially if the potential is right.
Do you mean ONLY if the potential is right, which the blue fewer don't have
Yes you are correct. The potential really does have to be there. Particularly when the purchaser is coming from outside of the community and not motivated by a passion for the club in question.
I wanted to raise the point that price counts a lot too!

slugger says...
5:33pm Thu 29 Mar 12

Red n White Army wrote:
Here's a link to the Radio Solent interview with Saints chief financial officer.

http://www.bbc.co.uk

/sport/0/football/17

548088

Upshot, everything going better than expected.
any doubters (and all pompey fans) should listen to this ...... truth is that we are ahead of scedule and UNDER budget ..... good enough for me , COYR and FOP !!

Chipster says...
5:41pm Thu 29 Mar 12

Lone Ranger. wrote:
On goal.com
.
Mystery consortium in talks to buy Southampton for £25m
The family of late owner Markus Liebherr are ready to sell the club but the asking price has risen because of the growing expectation of Premier League status next season
Skate Wum!

Confucious says...
5:47pm Thu 29 Mar 12

Folkestone Saint wrote:
Confucious wrote:
saintsaustralia wrote:
Shareholder, calm down, without the echo, we in Australia who are just as loyal fans of SFC as you are (hope so after travelling 9 times back and forth to see the Saints play) love the stories the Echo prints. Do not forget that SFC are a company and if we really want their figures (which I must admit I find interesting) I can obtain them for a very small fee. Why would the Echo print even the most basic P and L, balance sheets and cash flow projections for the next 3 months, when most of us wouldnt understand this. The great thing about the UK is that you as we do in Australia have freedom of choice in what we choose to read. I wouldnt choose the Echo as a source of financial information for SFC. You surely would have better sources of information to find this information as opposed to moaning and groaning about the Echo, which most of us find OK, for passive reading. Mate, the storey didn't indicate anything of the sort about the family selling their shares in the club. I would suggest you have read this completley incorrectly and have become very confused also. Mate, fredom of choice, if you don't like it Fxxx off and moan somewhere else, we loyal fans do not need it.
Good point about the Echo site regarding the far away fans. Keeps you up to date and in touch with all the gossip. AND IT'S FREE!

And it reminds the rest of us just how many Saints there are all over the world - and what a global Saints community we all belong to.

So well done Echo.

By the way could you or NZ Rob remember to let us know early Saturday UK how we got on against Blackpool - and the Wet Spam/Reading result. Ta.

Walzing Matilda!
You beat me to that question, by the way as you know all known words including get by in cling-on what is the word for a homosexual who has a go at me for being straight
I don't know of any words specifically tailored for this purpose so maybe you should just fall back on commonly used parlance. What words you use I suppose should depend upon whether he is unpleasantly angry or flatteringly disappointed that you are straight.

saintkenny says...
6:19pm Thu 29 Mar 12

can you read this pompey phil in all the other stench wont be long and we can stuff you .reminds me of 1978 we went up to the top and you went down to the 4th division a league the saints will never ever play in ,but you can go into league one ,lets see how many fans goes then 11000 in the premier league your having a laugh ,happy days

franiow says...
6:45pm Thu 29 Mar 12

As pointed out, there is a good interview about the club finances on the BBC website. Apparently we have spent less than was thought necessary to get where we are now. It's a long term project and early losses were expected to get everything up to the quality required. Sounds like nothing to worry about.

pompey phil says...
6:46pm Thu 29 Mar 12

Okay, this is not me being jealous because i'm not,in fact well done for your current position,but be very wary of anything you lot are being told it could all come crashing down in a matter of weeks ,days or even hours, if Roman pulled out of Chelsea tomorrow they would be bust by sat morning and the same with man city, and man utd, or even spurs,football club owners never tell the whole story to any bunch of fans,who ever they are, i hope you never have to go through what we are going through and have owner after owner after owner once they decide to sell,because you been there we been there and we both need to survive to keep the friendly rivalry going,so dont get drawn in too much about financial figures they dont mean jack, because once they go and sell the mess is unvield, see you on the 7th and heres to a good derby match and a good game of football with no trouble PUP,PTID

Thornhill Saint says...
6:56pm Thu 29 Mar 12

After Marcus died we could have gone the way of Wifag printing, who were also bought by Marcus in the spirit of humanity with a business twist.. No investment, and 50 people apparently made redundant without an explanation
or visit from Katarina, or Cortese
who she had designated.

We have had assurances from Cortese the Liebherrs do not intend to sell, and if they did, they would not drop us in it. We were assured Marcus made provisions for the club, and so far so good. I am not sure if I were an heir to billions I would want to see the estate investing in a football club, a notoriously good way to lose millions) but all seems calm on that front and for now the Liebherrs appear on the bus!

I can't help but feel lucky really, grateful to the Liebherrs and Cortese for maintaining a positive interest in us when they have shown with WIfag they can have a little bit of ruthless streak.

Long may the Liebherr's ownership continue be it by protected legacy, genuine interest in the club, or business venture! I am enjoying the present to much to worry about it!

franiow says...
7:04pm Thu 29 Mar 12

The difference between the Leihberrs and some other purchasers is that they are an honourable and extremely rich family. The club brought happiness to a much loved member of their family in his final year. They will never be so poor that they have to cut their losses on SFC and will never be caught up in illegal activity resulting in bankruptcy.
I am sorry that PFC got caught out by a bunch of crooks or fools, but I don't think we need have any fears in the short term. The Leihberrs may sell us in the future, but it will be as a going concern and I'm sure they'd be careful who they sold us to.

slugger says...
7:07pm Thu 29 Mar 12

pompey phil wrote:
Okay, this is not me being jealous because i'm not,in fact well done for your current position,but be very wary of anything you lot are being told it could all come crashing down in a matter of weeks ,days or even hours, if Roman pulled out of Chelsea tomorrow they would be bust by sat morning and the same with man city, and man utd, or even spurs,football club owners never tell the whole story to any bunch of fans,who ever they are, i hope you never have to go through what we are going through and have owner after owner after owner once they decide to sell,because you been there we been there and we both need to survive to keep the friendly rivalry going,so dont get drawn in too much about financial figures they dont mean jack, because once they go and sell the mess is unvield, see you on the 7th and heres to a good derby match and a good game of football with no trouble PUP,PTID
that's the nicest thing you've ever said to us .......... ditto about the 7th .... COYR , FOP !!!

tugboat says...
7:07pm Thu 29 Mar 12

pompey phil wrote:
Okay, this is not me being jealous because i'm not,in fact well done for your current position,but be very wary of anything you lot are being told it could all come crashing down in a matter of weeks ,days or even hours, if Roman pulled out of Chelsea tomorrow they would be bust by sat morning and the same with man city, and man utd, or even spurs,football club owners never tell the whole story to any bunch of fans,who ever they are, i hope you never have to go through what we are going through and have owner after owner after owner once they decide to sell,because you been there we been there and we both need to survive to keep the friendly rivalry going,so dont get drawn in too much about financial figures they dont mean jack, because once they go and sell the mess is unvield, see you on the 7th and heres to a good derby match and a good game of football with no trouble PUP,PTID
Polite post deserves a polite and measured response.
There is no way on le gods earth that the saints dream will come "crashing down" any time soon.
In Nicola Cortese we have a visionary who is driven to getting us self-financed in the future. I have no doubt he will acheive it,the investment in the academy etc will elevate us to a standard that exceeds present fifa requirements,a standard that so called top clubs have yet to acheive or aspire to.
Pompeys plight was driven by greed,fact,and that is not applicable to saints at present or ever will be.
I enjoy the rivalry,but to be honest,if you go-you go.
Saints will still be here marching on.Did you at any point when you were all rejoicing the cup win even bother to look behind the scenes at the debacle that was about to unfold,No, you were blinded by stupidity,you are the architects of your own downfall and dont deserve or should expect pity .
Weve had our hard times,but always remained grounded,and now we are enjoying the "sanity "that prevails around St Marys.
We will be the glowing example of how it should be done, saints fans have experienced the bad times that you seem to imply are exclusive to you,but we always turned up in numbers and backed the team,hand on your heart pompey phil,can you say the same ?

Seedhouse the Unrepentant says...
7:14pm Thu 29 Mar 12

pompey phil wrote:
Okay, this is not me being jealous because i'm not,in fact well done for your current position,but be very wary of anything you lot are being told it could all come crashing down in a matter of weeks ,days or even hours, if Roman pulled out of Chelsea tomorrow they would be bust by sat morning and the same with man city, and man utd, or even spurs,football club owners never tell the whole story to any bunch of fans,who ever they are, i hope you never have to go through what we are going through and have owner after owner after owner once they decide to sell,because you been there we been there and we both need to survive to keep the friendly rivalry going,so dont get drawn in too much about financial figures they dont mean jack, because once they go and sell the mess is unvield, see you on the 7th and heres to a good derby match and a good game of football with no trouble PUP,PTID
Just because you messed up and continue to mess up with dodgy owners doesn't mean everyone else follows the Pompey model. These owners, if and when they leave, will do so in a proper fashion ensuring who they sell to has the right credentials, I expect they will leave the job of finding the right buyer to Cortese.

pompey phil says...
7:18pm Thu 29 Mar 12

tugboat wrote:
pompey phil wrote:
Okay, this is not me being jealous because i'm not,in fact well done for your current position,but be very wary of anything you lot are being told it could all come crashing down in a matter of weeks ,days or even hours, if Roman pulled out of Chelsea tomorrow they would be bust by sat morning and the same with man city, and man utd, or even spurs,football club owners never tell the whole story to any bunch of fans,who ever they are, i hope you never have to go through what we are going through and have owner after owner after owner once they decide to sell,because you been there we been there and we both need to survive to keep the friendly rivalry going,so dont get drawn in too much about financial figures they dont mean jack, because once they go and sell the mess is unvield, see you on the 7th and heres to a good derby match and a good game of football with no trouble PUP,PTID
Polite post deserves a polite and measured response.
There is no way on le gods earth that the saints dream will come "crashing down" any time soon.
In Nicola Cortese we have a visionary who is driven to getting us self-financed in the future. I have no doubt he will acheive it,the investment in the academy etc will elevate us to a standard that exceeds present fifa requirements,a standard that so called top clubs have yet to acheive or aspire to.
Pompeys plight was driven by greed,fact,and that is not applicable to saints at present or ever will be.
I enjoy the rivalry,but to be honest,if you go-you go.
Saints will still be here marching on.Did you at any point when you were all rejoicing the cup win even bother to look behind the scenes at the debacle that was about to unfold,No, you were blinded by stupidity,you are the architects of your own downfall and dont deserve or should expect pity .
Weve had our hard times,but always remained grounded,and now we are enjoying the "sanity "that prevails around St Marys.
We will be the glowing example of how it should be done, saints fans have experienced the bad times that you seem to imply are exclusive to you,but we always turned up in numbers and backed the team,hand on your heart pompey phil,can you say the same ?
Totally agree with what you say, we were all taken in by everything when we were celebrating and I don't think for one minute that your current owners will screw you over, it maybe(and i not saying it will happen)but maybe that who ever they decide to sell to,may not be as true as the current people in charge, we had 3 owners after gaydamak pulled his money out and they were all potless,i just hope your or any club has to go through that,PUP,PTID

RingSaint says...
7:20pm Thu 29 Mar 12

one thing that is not mentioned that the total revenue excludes transfers AOC same in at £15 million with "add-ons" for a start

Chief financial officer for SFC - Gareth Rogers "supporters should not be concerned about the latter figure.

"In isolation you could say it's a very scary figure, but in the context of the plan it was expected. It includes £1.4m of one-off payments that won't re-occur."


"I am absolutely confident fans need not be concerned about the future financial stability of the club.

"Nothing has changed operationally or strategically with Markus not being here. Nicola will drive the club forward and has every plan to do so."

http://www.bbc.co.uk
/sport/0/football/17
547804

saintkenny says...
7:20pm Thu 29 Mar 12

pompey phil wrote:
Okay, this is not me being jealous because i'm not,in fact well done for your current position,but be very wary of anything you lot are being told it could all come crashing down in a matter of weeks ,days or even hours, if Roman pulled out of Chelsea tomorrow they would be bust by sat morning and the same with man city, and man utd, or even spurs,football club owners never tell the whole story to any bunch of fans,who ever they are, i hope you never have to go through what we are going through and have owner after owner after owner once they decide to sell,because you been there we been there and we both need to survive to keep the friendly rivalry going,so dont get drawn in too much about financial figures they dont mean jack, because once they go and sell the mess is unvield, see you on the 7th and heres to a good derby match and a good game of football with no trouble PUP,PTID
point is all the clubs like you got in debt because there cheating status paying wages they cannot afford ,this was not the reason saints went in debt ,the club ad cash the players wages were within the cost of accounts .the board wasted the cash ,to this day no players has ever been paid more than 10.000 .still the highest paid out is for delap way back in 2000 ,when st marys opened .the board just did take on the right manager so many managers all the compensation had to be paid ,the fans had enough of lowe wanted him out ,and stopped going to the games .lowe wanted to sell but he did not get a buyer .so we have not actually cheated status .so your above remarks make no difference to us .i mean still a player is on 35000 a week .what is the point in cheating status we dont .qpr is now ,but swasea in norwich dont ,it can be done ,after well we were in the premier div 1 for 27 years never cheating status with a 15.000 stadium so wake up to reality do not be deluded .,up the saints stid forever non corrupt and non cheating status

pompey phil says...
7:26pm Thu 29 Mar 12

saintkenny wrote:
pompey phil wrote:
Okay, this is not me being jealous because i'm not,in fact well done for your current position,but be very wary of anything you lot are being told it could all come crashing down in a matter of weeks ,days or even hours, if Roman pulled out of Chelsea tomorrow they would be bust by sat morning and the same with man city, and man utd, or even spurs,football club owners never tell the whole story to any bunch of fans,who ever they are, i hope you never have to go through what we are going through and have owner after owner after owner once they decide to sell,because you been there we been there and we both need to survive to keep the friendly rivalry going,so dont get drawn in too much about financial figures they dont mean jack, because once they go and sell the mess is unvield, see you on the 7th and heres to a good derby match and a good game of football with no trouble PUP,PTID
point is all the clubs like you got in debt because there cheating status paying wages they cannot afford ,this was not the reason saints went in debt ,the club ad cash the players wages were within the cost of accounts .the board wasted the cash ,to this day no players has ever been paid more than 10.000 .still the highest paid out is for delap way back in 2000 ,when st marys opened .the board just did take on the right manager so many managers all the compensation had to be paid ,the fans had enough of lowe wanted him out ,and stopped going to the games .lowe wanted to sell but he did not get a buyer .so we have not actually cheated status .so your above remarks make no difference to us .i mean still a player is on 35000 a week .what is the point in cheating status we dont .qpr is now ,but swasea in norwich dont ,it can be done ,after well we were in the premier div 1 for 27 years never cheating status with a 15.000 stadium so wake up to reality do not be deluded .,up the saints stid forever non corrupt and non cheating status
When did i say you were cheating?

Baddesley Bill says...
7:31pm Thu 29 Mar 12

I'm not an accountant...but the figures do seem to speak for themselves. The investment has been transferred to a shareholding (which relates to the asset value of the Club). Hardly comparable to the Poopey situation. Our owners remain secure in their investment, the HMRC can remain secure that our business will trade within its means...and we can all reap the rewards as the plan comes together! COYR and god bless Markus!

rocketone says...
7:32pm Thu 29 Mar 12

Red n White Army wrote:
Here's a link to the Radio Solent interview with Saints chief financial officer.

http://www.bbc.co.uk

/sport/0/football/17

548088

Upshot, everything going better than expected.
listen to this before you quote anything at all.

Skating on thin ice says...
7:32pm Thu 29 Mar 12

Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.

rocketone says...
7:47pm Thu 29 Mar 12

1.4 m of wages cost that will not be repeated.
so that is how much Pardew cost to get rid of ?
he must have really upset someone !

Costa Baz says...
7:51pm Thu 29 Mar 12

Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
You're missing the point.
The money put in is the "owner's money" not money borrowed from a bank with a view never to repay it, or money due to HMRC.

If we had done that then yes it would be cheating.

Meanwhile, why not get back on the News site and salivate at the prospect of your old CVA being watered down by being part of the new CVA, and rejoice in the fact that you may have cheated your way out of paying the creditors AGAIN.
Oh and you can then chat with the mong who thinks you can go down to League 1 and restrict players to 10K, yes that is 10 grand per week wages.

What planet are you guys from?

puppy saint says...
7:54pm Thu 29 Mar 12

http://www.youtube.c
om/watch?v=aIrhVo1WA
78

slugger says...
7:54pm Thu 29 Mar 12

Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !

franiow says...
7:59pm Thu 29 Mar 12

Wage bill includes all personnel, presumably including Nicola (reputed to be on 1 million). Also includes win bonuses which are bound to be high in a successful club. Remember these figures are for our last League 1 year and not for the Championship.

pompey phil says...
8:00pm Thu 29 Mar 12

slugger wrote:
Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !
Pompey are not paying the loan players there parent clubs are so we are only paying some of the squad,so we are not cheating, but you could say you are by using loans to pay you're players wages ha ha PUP,PTID

rocketone says...
8:02pm Thu 29 Mar 12

can the Nicola Cortese interview on Sky be viewed anywhere online ?

slugger says...
8:08pm Thu 29 Mar 12

pompey phil wrote:
slugger wrote:
Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !
Pompey are not paying the loan players there parent clubs are so we are only paying some of the squad,so we are not cheating, but you could say you are by using loans to pay you're players wages ha ha PUP,PTID
EXACTLY ! , you can't afford to pay the team you field , that my friend is "cheating" .... if gaydamak had invested in a pompey academy rather than buying the fa cup , just maybe you wouln't be in the poo that you are now ? .... just a thought .

seventh-junction says...
8:08pm Thu 29 Mar 12

Slugger, are you going to Blackpool?

willygetaway says...
8:11pm Thu 29 Mar 12

slugger wrote:
pompey phil wrote:
slugger wrote:
Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !
Pompey are not paying the loan players there parent clubs are so we are only paying some of the squad,so we are not cheating, but you could say you are by using loans to pay you're players wages ha ha PUP,PTID
EXACTLY ! , you can't afford to pay the team you field , that my friend is "cheating" .... if gaydamak had invested in a pompey academy rather than buying the fa cup , just maybe you wouln't be in the poo that you are now ? .... just a thought .
Why oh why are we listening to voices from beyond the grave ?
just go to the light you sad fish fiddlers
WHO,S LAUGHING NOW

oldsaintsfan says...
8:11pm Thu 29 Mar 12

I notice the administrator at PFC decrying the state of championship club finances based on the "benefactor" model. With this in mind a positive feature of the above echo report is the conversion of Liebherr loans to the club into equity. This leaves the club in a much more stable situation as these potentially short term liabilities are removed from the balance sheet (ask PFC how these types of loans later secured against assets can return to haunt a club!). If and when the Liebherrs sell all or part of their ownership - hopefully the stable and consistant approach to managing the clubs finances will continue in the manner of the last three years.

slugger says...
8:15pm Thu 29 Mar 12

seventh-junction wrote:
Slugger, are you going to Blackpool?
no i'm coming to yours !

andysaints007 says...
8:15pm Thu 29 Mar 12

Jesus_02 wrote:
SaintL-Y wrote:
This just goes to show how fragile the football business model is. The club made a loss of £11.5million on turnover of £16.4 and if it hadn't been for the generosity of the Liebherr family we'd be out of business! Clearly 93% wage cost is unsustainable, and we'd have to hope that anticpiated revenues going forward, and a sensible wage structure will see us right. One note of caution, if the Estate keeps investing, but effectively keeps increasing the value of its shareholding, it won't be too long before we get to a position that should they wish to sell up, the 'value' of those shares may not reflect market value for the business. Having said that, I like what I've seen so far in terms of investment in the infrastructure of the club and I'm sure Cortese and co have a tight handle on the businesses finances! Onwards and upwards! COYR PTJ FOP
Wage costs of 93% are not unsustainable. 101% of turnover is unsustainable. 7% may not seem a lot but its 7% of £16.4m and thats turnover from League 1.

Projected income will be higher and this figure cannot include 12m for chamberlain.

The club is very healthy and 33m would be a steal
93% wages is not sustainable - there are of course other costs to running a business which would take it over 100% !! In the short term it doesn't matter - but no business can be run like that in the long term !

pompey phil says...
8:15pm Thu 29 Mar 12

slugger wrote:
pompey phil wrote:
slugger wrote:
Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !
Pompey are not paying the loan players there parent clubs are so we are only paying some of the squad,so we are not cheating, but you could say you are by using loans to pay you're players wages ha ha PUP,PTID
EXACTLY ! , you can't afford to pay the team you field , that my friend is "cheating" .... if gaydamak had invested in a pompey academy rather than buying the fa cup , just maybe you wouln't be in the poo that you are now ? .... just a thought .
so if we bought the fa cup have man utd, Chelsea,arsenal, Blackburn all bought the premier league title over the last 20 yrs have Barcelona,Real Madrid all bought the la liga titles and all those champions league titles did qpr buy the championship last year see where i'm going with this,are you trying to buy the championship this year,did we buy the championship in 2003 no, see all teams buy better players to try and get better and win trophy's so no we did not buy the fa cup so shut up your making yourself look a fool PUP,PTID

ghk230473 says...
8:20pm Thu 29 Mar 12

The way I see it was whilst saints were in premier league they were able to get by. Lowe got too big for his boots and thought he could manage and buy players, interfering and paying off too many managers cost us. When we dropped out of league even though stipulations in players contracts were made, I think the mortgage on the new stadium strangled us and once the parachute payments ceased we were ball bagged. Pompey were just daft from day dot spending what they could never pay back, seriously mis managed and have been in administration quite a few times if you look back.

rocketone says...
8:21pm Thu 29 Mar 12

Poopey Phil, a question for you,
seriously, how do you as a PFC fan view the comments by Storyteller in the media today?
A more deluded person I have yet to see.

"The criticism I've received hasn't been from all the supporters. I've had a lot of support from people who understand what happened.
"At the end of the day, you can only do what the owners ask you to do. I brought the club a lot of success."
The people who understand ?
I was only doing what I was told.
"brought" or "bought"
No wonder your club is in such a sorry state when there are people like him trying to get back aboard the gravy train.
He obviously realises that there will be money floating around when another fool buys your club cheap.

slugger says...
8:23pm Thu 29 Mar 12

pompey phil wrote:
slugger wrote:
pompey phil wrote:
slugger wrote:
Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !
Pompey are not paying the loan players there parent clubs are so we are only paying some of the squad,so we are not cheating, but you could say you are by using loans to pay you're players wages ha ha PUP,PTID
EXACTLY ! , you can't afford to pay the team you field , that my friend is "cheating" .... if gaydamak had invested in a pompey academy rather than buying the fa cup , just maybe you wouln't be in the poo that you are now ? .... just a thought .
so if we bought the fa cup have man utd, Chelsea,arsenal, Blackburn all bought the premier league title over the last 20 yrs have Barcelona,Real Madrid all bought the la liga titles and all those champions league titles did qpr buy the championship last year see where i'm going with this,are you trying to buy the championship this year,did we buy the championship in 2003 no, see all teams buy better players to try and get better and win trophy's so no we did not buy the fa cup so shut up your making yourself look a fool PUP,PTID
if i look a fool then i wonder what you look like .......... investment is a sensible thing to do if you can recoup and enhance that investment ...... i'm no businessman but even i can see that ! ......... what type of investment do you think PFC is , would you plough millions into it expecting a return ?

Baddesley Bill says...
8:24pm Thu 29 Mar 12

pompey phil wrote:
slugger wrote:
pompey phil wrote:
slugger wrote:
Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !
Pompey are not paying the loan players there parent clubs are so we are only paying some of the squad,so we are not cheating, but you could say you are by using loans to pay you're players wages ha ha PUP,PTID
EXACTLY ! , you can't afford to pay the team you field , that my friend is "cheating" .... if gaydamak had invested in a pompey academy rather than buying the fa cup , just maybe you wouln't be in the poo that you are now ? .... just a thought .
so if we bought the fa cup have man utd, Chelsea,arsenal, Blackburn all bought the premier league title over the last 20 yrs have Barcelona,Real Madrid all bought the la liga titles and all those champions league titles did qpr buy the championship last year see where i'm going with this,are you trying to buy the championship this year,did we buy the championship in 2003 no, see all teams buy better players to try and get better and win trophy's so no we did not buy the fa cup so shut up your making yourself look a fool PUP,PTID
None of the above are going "pop" in the near future...they trade all as a business...and pay their way. If a business plan fails...then a business adjusts...you lot didn't...enjoy the cup win fella...and play up portalooville yeh? :O)

rob the saint in NZ says...
8:24pm Thu 29 Mar 12

Thank you Markus, thank you Nicola.

Poopee, look on & weep!

COYR!

rocketone says...
8:26pm Thu 29 Mar 12

poopey Phil, your comment that all those teams have bought their trophy's.
Yes they did.
But they did it with their own money.
Not the cash from local suppliers and charities.
They can afford to pay the wages to their players.
You didn't, can't and won't !
I can not understand why you attract such awful owners.
And please stop claiming best supporters, we can all read the attendance figures for your last few games and you are deserting in droves.

seventh-junction says...
8:29pm Thu 29 Mar 12

slugger wrote:
seventh-junction wrote:
Slugger, are you going to Blackpool?
no i'm coming to yours !
Bar's open at 3pm. See you there and bring beverages!!!
COYR!

stevebest says...
8:36pm Thu 29 Mar 12

according to goal.com saints is up for sale and close to a deal being done,to 3 hedge funds nice not!!! look at coventry sisu own them..

Crossley Place Saint says...
8:51pm Thu 29 Mar 12

oldsaintsfan wrote:
I notice the administrator at PFC decrying the state of championship club finances based on the "benefactor" model. With this in mind a positive feature of the above echo report is the conversion of Liebherr loans to the club into equity. This leaves the club in a much more stable situation as these potentially short term liabilities are removed from the balance sheet (ask PFC how these types of loans later secured against assets can return to haunt a club!). If and when the Liebherrs sell all or part of their ownership - hopefully the stable and consistant approach to managing the clubs finances will continue in the manner of the last three years.
My initial reaction was very similar, to be delighted that the £33 million debts no longer have to be repaid. Not being a very financially expert person, I showed the story to a friend who is a director of a very successful company (and a Wimbledon supporter!! so no local axe to grind but a seasoned view of big business!). His response was almost immediate. What could be the motive of the Liebherrs in doing this? It is not from love of the club - they could show that much more easily by attending a game, or putting some mention of that on their company website. No, he says that their most plausible purpose in converting the debt to equity is to simplify the financial structure so that they can accelerate their sale of the club onto a shorter timescale than the original schedule of debt repayment. I believe this was 4 years. Logically, the optimum time to sell the club will be as soon as promotion to the Premier League is achieved, when the capital value immediately increases because of the projected cash flow of Sky TV money and parachute payments if (when?) we are relegated back down. Maximum profit to be made at that time, before the reality of life in the Premier League kicks in - huge transfer fees to buy in better players, grossly inflated player wage demands, obscene agent payments, etc. If he is right then we are up for sale on a timescale of August. And the Liebherrs will not concern themselves with finding a buyer who is "right"for the club, their only concern will be to find a buyer willing to pay the maximum amount. But what does he know, he is only the director of a successful company. I am beginning to get worried. COYR!!

ghk230473 says...
8:52pm Thu 29 Mar 12

stevebest wrote:
according to goal.com saints is up for sale and close to a deal being done,to 3 hedge funds nice not!!! look at coventry sisu own them..
Big IF. Saints are on the ascendancy and haven't reached their worth yet. If some one did want it and paid good money why would they want to waste it?
We have 1 of the top academy's in Europe.

rocketone says...
8:52pm Thu 29 Mar 12

Poopey Phil.
recently we have seen on here claims from your lot about what you have won.
Omitted from that roll call are some of these dates
1976.relegated to Div 3 and sold players to stave off debt of £25,000.
1998. administration
2009, administration
2012. administration
So, quite used to going broke aren't you ?

slugger says...
9:11pm Thu 29 Mar 12

Crossley Place Saint wrote:
oldsaintsfan wrote:
I notice the administrator at PFC decrying the state of championship club finances based on the "benefactor" model. With this in mind a positive feature of the above echo report is the conversion of Liebherr loans to the club into equity. This leaves the club in a much more stable situation as these potentially short term liabilities are removed from the balance sheet (ask PFC how these types of loans later secured against assets can return to haunt a club!). If and when the Liebherrs sell all or part of their ownership - hopefully the stable and consistant approach to managing the clubs finances will continue in the manner of the last three years.
My initial reaction was very similar, to be delighted that the £33 million debts no longer have to be repaid. Not being a very financially expert person, I showed the story to a friend who is a director of a very successful company (and a Wimbledon supporter!! so no local axe to grind but a seasoned view of big business!). His response was almost immediate. What could be the motive of the Liebherrs in doing this? It is not from love of the club - they could show that much more easily by attending a game, or putting some mention of that on their company website. No, he says that their most plausible purpose in converting the debt to equity is to simplify the financial structure so that they can accelerate their sale of the club onto a shorter timescale than the original schedule of debt repayment. I believe this was 4 years. Logically, the optimum time to sell the club will be as soon as promotion to the Premier League is achieved, when the capital value immediately increases because of the projected cash flow of Sky TV money and parachute payments if (when?) we are relegated back down. Maximum profit to be made at that time, before the reality of life in the Premier League kicks in - huge transfer fees to buy in better players, grossly inflated player wage demands, obscene agent payments, etc. If he is right then we are up for sale on a timescale of August. And the Liebherrs will not concern themselves with finding a buyer who is "right"for the club, their only concern will be to find a buyer willing to pay the maximum amount. But what does he know, he is only the director of a successful company. I am beginning to get worried. COYR!!
nice try ....... but flawed !

Crossley Place Saint says...
9:13pm Thu 29 Mar 12

http://www.goal.com/
en-gb/news/2897/cham
pionship/2012/03/29/
2999081/mystery-cons
ortium-in-talks-to-b
uy-southampton-for-2
5m

%&@$£%!! Big trouble ahead folks. £25 million is absurd of course, the Liebherrs are not going to accept a loss. £75 million and the deal is probably done.

slugger says...
9:17pm Thu 29 Mar 12

Crossley Place Saint wrote:
http://www.goal.com/

en-gb/news/2897/cham

pionship/2012/03/29/

2999081/mystery-cons

ortium-in-talks-to-b

uy-southampton-for-2

5m

%&@$£%!! Big trouble ahead folks. £25 million is absurd of course, the Liebherrs are not going to accept a loss. £75 million and the deal is probably done.
give up flatfish ......... go home .

oldsaintsfan says...
9:18pm Thu 29 Mar 12

Crossley Place Saint wrote:
oldsaintsfan wrote: I notice the administrator at PFC decrying the state of championship club finances based on the "benefactor" model. With this in mind a positive feature of the above echo report is the conversion of Liebherr loans to the club into equity. This leaves the club in a much more stable situation as these potentially short term liabilities are removed from the balance sheet (ask PFC how these types of loans later secured against assets can return to haunt a club!). If and when the Liebherrs sell all or part of their ownership - hopefully the stable and consistant approach to managing the clubs finances will continue in the manner of the last three years.
My initial reaction was very similar, to be delighted that the £33 million debts no longer have to be repaid. Not being a very financially expert person, I showed the story to a friend who is a director of a very successful company (and a Wimbledon supporter!! so no local axe to grind but a seasoned view of big business!). His response was almost immediate. What could be the motive of the Liebherrs in doing this? It is not from love of the club - they could show that much more easily by attending a game, or putting some mention of that on their company website. No, he says that their most plausible purpose in converting the debt to equity is to simplify the financial structure so that they can accelerate their sale of the club onto a shorter timescale than the original schedule of debt repayment. I believe this was 4 years. Logically, the optimum time to sell the club will be as soon as promotion to the Premier League is achieved, when the capital value immediately increases because of the projected cash flow of Sky TV money and parachute payments if (when?) we are relegated back down. Maximum profit to be made at that time, before the reality of life in the Premier League kicks in - huge transfer fees to buy in better players, grossly inflated player wage demands, obscene agent payments, etc. If he is right then we are up for sale on a timescale of August. And the Liebherrs will not concern themselves with finding a buyer who is "right"for the club, their only concern will be to find a buyer willing to pay the maximum amount. But what does he know, he is only the director of a successful company. I am beginning to get worried. COYR!!
A loan from the owner can be effectively repayable at his descretion i.e imediately if appropriate (assuming the working capital is there to withdraw from the club). Once converted to equity the club at least does not have this liability. It would be interesting to know if the equity conversion was done before Marcus Liebherr's untimely death. However, I assume the club will be sold at some stage if for no other reason that I doubt remaining family members, quite understandably, will be be quite as committed. My understanding is that Nicola Cortese would be organising the sale and hopefully would continue to be the CEO and therefore have a big incentive to arrange a outcome satisfatory for all parties (particularly SFC!). We live in hope although stability and sense in football management is a fairly scarce commodity! Hopefully Nicola Cortese will be around for a while yet.

slugger says...
9:26pm Thu 29 Mar 12

don't be fooled by the green eyed monsters , nicola is going nowhere ! ............. the posts are clever but flawed in many ways ........... our future is secure .

Tirau Dan says...
9:39pm Thu 29 Mar 12

andysaints007 wrote:
Jesus_02 wrote:
SaintL-Y wrote:
This just goes to show how fragile the football business model is. The club made a loss of £11.5million on turnover of £16.4 and if it hadn't been for the generosity of the Liebherr family we'd be out of business! Clearly 93% wage cost is unsustainable, and we'd have to hope that anticpiated revenues going forward, and a sensible wage structure will see us right. One note of caution, if the Estate keeps investing, but effectively keeps increasing the value of its shareholding, it won't be too long before we get to a position that should they wish to sell up, the 'value' of those shares may not reflect market value for the business. Having said that, I like what I've seen so far in terms of investment in the infrastructure of the club and I'm sure Cortese and co have a tight handle on the businesses finances! Onwards and upwards! COYR PTJ FOP
Wage costs of 93% are not unsustainable. 101% of turnover is unsustainable. 7% may not seem a lot but its 7% of £16.4m and thats turnover from League 1.

Projected income will be higher and this figure cannot include 12m for chamberlain.

The club is very healthy and 33m would be a steal
93% wages is not sustainable - there are of course other costs to running a business which would take it over 100% !! In the short term it doesn't matter - but no business can be run like that in the long term !
Nicola Cortese has repeatedly said the same. I sincerely hope our fans understand that the club finances have gone from bust to debt free under Nicola and the Liebherr's.

Anyway that was the last L1 year for us. That's in the past now it's all UP now.

This year the target is 90 odd million in Prem income over and above St Mary's income from gate hospitality, sponsorship etc.

Close this thread on a high note and let's get back to football. The club is doing better than 99% of clubs and we are Top of The League heading for back to back promotion.

Up The Saints

ghk230473 says...
9:46pm Thu 29 Mar 12

I don't know what the fuss is about? Finally going into administration and being bought has been good for us. The stadium is paid for, training facilities improve by the season and we are back where we belong. The club was always worth money, other clubs are not. If some one buys they are not going to waste their money, but try and make more! Speculate to accumulate, if some ones got the foresight to understand the potential and wants to purchase or invest good luck to them.

Invidia says...
9:52pm Thu 29 Mar 12

Tugboat earlier wrote a very good post as did oldsaintsfan, I remember that Barcelona offered a top job to Nicola who turned it down, he is a very astute ex Swiss banker, I believe that even if the Liebherr family decide to exit from The Saints FC he will remain he is on record as saying that he has financial backers that he can contact, I also believe that he sees his future with Saints FC. If, NO when we are promoted at the end of this season he will either be welcomed with open arms by the Premier League or they will fight him as I have said he is a very astute business man, he has already said that he wants football played the "Southampton way" and I believe he will want clubs run the "Southampton way" he will be remembered in football history as the Guru of British football who cleaned it up business wise and gave it back it's professional status that is called making your mark in life which is much more satisfying than being a Swiss banker, It is Nicola who has turned Saints around okay he probably could not have done it without Markus's money but the Premier league money will give him enough clout not to rely on the liebherr families money, It would be nice to have them as backers but not essential.

rob the saint in NZ says...
9:57pm Thu 29 Mar 12

This is all good news.

We are debt free, owe nothing to no one & own our own ground, training facilities, etc.

We are one of the best run clubs in the country with a great long term, sustainable plan.

We have, in Mr Cortese, a man used to running multi-million pound businesses who will continue to do the same for Saints because;

1) that is what he is good at

2) to honour the legacy of Markus Liebherr.

To all Saints fans, beware of WUM stirrers. In Nicola's hands we are safe, & if the Liebherr family do ever sell us, it will only be under Nicola's guidance & by his sanction. He would find the best buyer again.

We are enjoying the best of times in living memory, both on & off the pitch. Celebrate & be happy & get behind The Saints!

Ignore the WUMs - jealousy & poverty breeds large chip on shoulder (as Confucious would say).

oldsaintsfan says...
9:58pm Thu 29 Mar 12

Crossley Place Saint wrote:
http://www.goal.com/ en-gb/news/2897/cham pionship/2012/03/29/ 2999081/mystery-cons ortium-in-talks-to-b uy-southampton-for-2 5m %&@$£%!! Big trouble ahead folks. £25 million is absurd of course, the Liebherrs are not going to accept a loss. £75 million and the deal is probably done.
The fact that the club is for sale I guess is no surprise. I would have some doubts about some of the details in this report. In general I would not be overjoyed to hear the club was owned by a group of hedge funds (and yes I know quite a bit about HF's). I also hope Nicola Cortese has an incentive to stay with the club. Oh well....COYR on to Blackpool!

slugger says...
10:03pm Thu 29 Mar 12

oldsaintsfan wrote:
Crossley Place Saint wrote:
http://www.goal.com/ en-gb/news/2897/cham pionship/2012/03/29/ 2999081/mystery-cons ortium-in-talks-to-b uy-southampton-for-2 5m %&@$£%!! Big trouble ahead folks. £25 million is absurd of course, the Liebherrs are not going to accept a loss. £75 million and the deal is probably done.
The fact that the club is for sale I guess is no surprise. I would have some doubts about some of the details in this report. In general I would not be overjoyed to hear the club was owned by a group of hedge funds (and yes I know quite a bit about HF's). I also hope Nicola Cortese has an incentive to stay with the club. Oh well....COYR on to Blackpool!
sfc is not up for sale , we're going up and pompey are going down ....... get over it !

slugger says...
10:14pm Thu 29 Mar 12

a question for oldsaintsfan , you say that "the fact that the club is up for sale......" , where did this "fact" come from ? .......... could it be from one of the same old rumour mongering sites that we all look at during the transfer window (NONE of wich was true) ? ....... thought so !

oldsaintsfan says...
10:26pm Thu 29 Mar 12

Slugger - apologies if i have upset you - no offence intended - hopefully current management and owners will long be involved. Short term the most important issue is that the team get a result at the weekend!

Invidia says...
10:27pm Thu 29 Mar 12

I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price

slugger says...
10:29pm Thu 29 Mar 12

oldsaintsfan wrote:
Slugger - apologies if i have upset you - no offence intended - hopefully current management and owners will long be involved. Short term the most important issue is that the team get a result at the weekend!
not upset at all , just wondered where the "fact" came from .

slugger says...
10:33pm Thu 29 Mar 12

Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?

Invidia says...
10:40pm Thu 29 Mar 12

slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
Have you not learned yet Sluggie that everyone/everything has a price

rob the saint in NZ says...
10:40pm Thu 29 Mar 12

Beware of WUMs ending their posts with the word "FACT".

Hans Christien Andersen would be proud of some of the "facts" that have been reported on here over the years!

ghk230473 says...
10:44pm Thu 29 Mar 12

slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
You really are a thick tw4t. oh look, bambi is coming round the corner followed by grumpy and doc!

slugger says...
10:46pm Thu 29 Mar 12

Invidia wrote:
slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
Have you not learned yet Sluggie that everyone/everything has a price
iv'e learned a lot on here over the last 3 years , the main thing being is to ignore rumour merchants however clever they may be .

Baddesley Bill says...
10:46pm Thu 29 Mar 12

The pub's kicked out then! :O)

slugger says...
10:48pm Thu 29 Mar 12

ghk230473 wrote:
slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
You really are a thick tw4t. oh look, bambi is coming round the corner followed by grumpy and doc!
oh, hello to you too , did some one touch a nerve ?

ghk230473 says...
11:00pm Thu 29 Mar 12

slugger wrote:
ghk230473 wrote:
slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
You really are a thick tw4t. oh look, bambi is coming round the corner followed by grumpy and doc!
oh, hello to you too , did some one touch a nerve ?
I'm going to praise you and the flock up now. The club isn't about Markus or the Italian it's about the fans, you lot, us. Chairman may come and go but it's the fans that remain, the fans that makes a club what it is. Through years and generations we have got ourselves into this position, if we had got relegated when at the old dell we would have struggled to come back. We were an excellent investment, I wouldn't sell just yet but it is a good as time as any. Whoever comes in, it is in their interest to keep us hopefully in the premier league. It's also important for any club to keep and attract its supporters. Pompey have sweet fa, their training ground is at wide lane f.f.sake!

Invidia says...
11:10pm Thu 29 Mar 12

I think Sluggie that it is your nerve that has been touched.

I suppose it is about now that you will come out with your old chestnut "I smell fish" you normally do when you are sinking

Baddesley Bill says...
11:12pm Thu 29 Mar 12

Cheers ghk....the flock follow their Club through thick n thin. Wouldn't want to be the black sheep in the family now would we?

Seedhouse the Unrepentant says...
11:13pm Thu 29 Mar 12

Invidia wrote:
slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
Have you not learned yet Sluggie that everyone/everything has a price
There's a difference between seeking a price and not being able to resist an unsolicited offer.

slugger says...
11:16pm Thu 29 Mar 12

ghk230473 wrote:
slugger wrote:
ghk230473 wrote:
slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
You really are a thick tw4t. oh look, bambi is coming round the corner followed by grumpy and doc!
oh, hello to you too , did some one touch a nerve ?
I'm going to praise you and the flock up now. The club isn't about Markus or the Italian it's about the fans, you lot, us. Chairman may come and go but it's the fans that remain, the fans that makes a club what it is. Through years and generations we have got ourselves into this position, if we had got relegated when at the old dell we would have struggled to come back. We were an excellent investment, I wouldn't sell just yet but it is a good as time as any. Whoever comes in, it is in their interest to keep us hopefully in the premier league. It's also important for any club to keep and attract its supporters. Pompey have sweet fa, their training ground is at wide lane f.f.sake!
this post makes little sense , i assume you're drunk , don't ever think you can speak to me like that and i'll forget it ......... the "italian" is nicola (our true saviour in my opinion) and i've never met a saints fan who has a bad word to say about him ............. hmmmmm !

Seedhouse the Unrepentant says...
11:19pm Thu 29 Mar 12

The investment in Staplewood is the bit that makes me think they are running the club properly by making long term investment.

Red n White says...
11:20pm Thu 29 Mar 12

Had a few laughs today, if anyone would like to join in, then read the story on the BBC website that Storrie would love to return to Portsmouth.

Those that say Cortese and Leibherr have/had no love for the club should remember that they themselves bought season tickets and attended games when they could (how many other owners of businesses do you know that pay to watch their employees work?).

Interesting couple of comments on the Argus site saying that what we're doing is unsustainable and we're similar to doing a Portsmouth, with our billionairre bankrolling us, funny how they ignored the £93m put in by their chairman to build a new stadium in their comments.

I think Cortese is here until at least the end of the 5-year plan, by which time we'd hopefully be an established premiership team, as he's put a lot of effort into the training facilities and the team aswell.

On the conversion to share capital, I would presume that a benefit of this is that it is up to Cortese when and how much is repaid. Under a loan, it would have been a fixed interest each year, whereas now it is up to Cortese whether they get any of this money back each year, and could even decide not to give themselves any money if they don't feel the club can afford it. This would help with our cash flow as it's one less fixed payment to worry about.

slugger says...
11:20pm Thu 29 Mar 12

Invidia wrote:
I think Sluggie that it is your nerve that has been touched.

I suppose it is about now that you will come out with your old chestnut "I smell fish" you normally do when you are sinking
not at all invalidia ....... as i said "iv'e learned a lot" .... and .... breath ! ... lol

ghk230473 says...
11:22pm Thu 29 Mar 12

Baddesley Bill wrote:
Cheers ghk....the flock follow their Club through thick n thin. Wouldn't want to be the black sheep in the family now would we?
Not a problem bronco;)
The incumbents are not doing a bad job but don't forget they have and are making a very very very tidy profit. Getting there is easy, staying there the hard part. Sfc has always been a family club and long may it continue, I had no choice nor did my kids of who to support. The clubs got a good fan base that should be appreciated.

Seedhouse the Unrepentant says...
11:24pm Thu 29 Mar 12

ghk230473 wrote:
slugger wrote:
ghk230473 wrote:
slugger wrote:
Invidia wrote:
I think Sluggie, you will find that Crossley Place Saint has posted the link. However I do not believe for one minute that it is a fact that Southampton fc is up for sale at that price
i saw the artilcle , my point was that it isn't a "fact" ......... are you suggesting that sfc is for sale for a different price ?
You really are a thick tw4t. oh look, bambi is coming round the corner followed by grumpy and doc!
oh, hello to you too , did some one touch a nerve ?
I'm going to praise you and the flock up now. The club isn't about Markus or the Italian it's about the fans, you lot, us. Chairman may come and go but it's the fans that remain, the fans that makes a club what it is. Through years and generations we have got ourselves into this position, if we had got relegated when at the old dell we would have struggled to come back. We were an excellent investment, I wouldn't sell just yet but it is a good as time as any. Whoever comes in, it is in their interest to keep us hopefully in the premier league. It's also important for any club to keep and attract its supporters. Pompey have sweet fa, their training ground is at wide lane f.f.sake!
On one hand you say it's the ground that makes us more attractive than the skates then you say it's the fans that make it. Surely being the 'bestest fans in the world' would make your lot attractive? :)

Invidia says...
11:28pm Thu 29 Mar 12

ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.

Seedhouse the Unrepentant says...
11:33pm Thu 29 Mar 12

If the skates get liquidized we should all adopt a skate out of the goodness of our hearts. (Obviously we'd have to share one between many)

slugger says...
11:37pm Thu 29 Mar 12

c'mon ghk , answer the gentlemans question ......... or have you forgotten your other log-in ?

ghk230473 says...
11:38pm Thu 29 Mar 12

Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.

Invidia says...
11:38pm Thu 29 Mar 12

I don't fancy that Seedhouse Skate is a womans fish so I'm told never liked it myself, I could never eat a whole one.

slugger says...
11:40pm Thu 29 Mar 12

Seedhouse the Unrepentant wrote:
If the skates get liquidized we should all adopt a skate out of the goodness of our hearts. (Obviously we'd have to share one between many)
you can have mine .

Baddesley Bill says...
11:40pm Thu 29 Mar 12

Seedhouse the Unrepentant wrote:
If the skates get liquidized we should all adopt a skate out of the goodness of our hearts. (Obviously we'd have to share one between many)
I already have one....a work colleague...it may seem a little childish, but what with having the day off to travel to Blackpool n all...I sellotaped a diagram of a big skate (raja binoculata) to the back of his jacket...(Billy does Mutley laugh...heeee heee heeee) :O)

Seedhouse the Unrepentant says...
11:42pm Thu 29 Mar 12

Yes but you could kick it or goad it when you were in a bad mood, and when in a good one take it St Marys!

Where's ThomasUpton?

Seedhouse the Unrepentant says...
11:44pm Thu 29 Mar 12

Baddesley Bill wrote:
Seedhouse the Unrepentant wrote:
If the skates get liquidized we should all adopt a skate out of the goodness of our hearts. (Obviously we'd have to share one between many)
I already have one....a work colleague...it may seem a little childish, but what with having the day off to travel to Blackpool n all...I sellotaped a diagram of a big skate (raja binoculata) to the back of his jacket...(Billy does Mutley laugh...heeee heee heeee) :O)
Can I share yours? I've already proved what I can do to him.

Baddesley Bill says...
11:46pm Thu 29 Mar 12

ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!

Baddesley Bill says...
11:49pm Thu 29 Mar 12

Seedhouse the Unrepentant wrote:
Baddesley Bill wrote:
Seedhouse the Unrepentant wrote:
If the skates get liquidized we should all adopt a skate out of the goodness of our hearts. (Obviously we'd have to share one between many)
I already have one....a work colleague...it may seem a little childish, but what with having the day off to travel to Blackpool n all...I sellotaped a diagram of a big skate (raja binoculata) to the back of his jacket...(Billy does Mutley laugh...heeee heee heeee) :O)
Can I share yours? I've already proved what I can do to him.
He was moved to tears by your presence seed...I think he still is having nightmares!!!! :O)

Tirau Dan says...
11:51pm Thu 29 Mar 12

Seedhouse the Unrepentant wrote:
Baddesley Bill wrote:
Seedhouse the Unrepentant wrote:
If the skates get liquidized we should all adopt a skate out of the goodness of our hearts. (Obviously we'd have to share one between many)
I already have one....a work colleague...it may seem a little childish, but what with having the day off to travel to Blackpool n all...I sellotaped a diagram of a big skate (raja binoculata) to the back of his jacket...(Billy does Mutley laugh...heeee heee heeee) :O)
Can I share yours? I've already proved what I can do to him.
I'll donate to liquidizing Skates.. I'll even send my liquidizer. Course it's normally used for delicious shakes and concoctions like margaritas etc..

I suppose skate shake mixture would make good fertilser for peas at the allotment

slugger says...
11:51pm Thu 29 Mar 12

the skate is a tasty fish to eat but i'd never eat one from these shores !

ghk230473 says...
11:54pm Thu 29 Mar 12

Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.

Tirau Dan says...
11:54pm Thu 29 Mar 12

lol after watching the tale of David Walliams channel swim with him trying to dodge the vast areas of floating choccy logs I'd never touch another channel fish... puke!!

Baddesley Bill says...
12:00am Fri 30 Mar 12

ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.
You "questioned him"?...nawww mate you slated him, called fellow fans "stains" and our chairman a "little itie"...that doesn't wash with me I'm afraid!

slugger says...
12:00am Fri 30 Mar 12

ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.
i got a long memory ghk , so be carefull about what you deny !

angus mc coatup says...
12:03am Fri 30 Mar 12

ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
you say in this post that pardew was sacked without reason.well he was definitely sacked but we will probably never know why, but there must have been a reason and pardew has never said why. my guess is he signed a confidentiality clause in order to take the money from the rest of his contract and that suited both him and cortese. either way i'm happy because we now have mister adkins and that makes me smile.
ps
this is one very happy saints fan.
COYR

Invidia says...
12:05am Fri 30 Mar 12

Yes your right Sluggie he changes his bark like a sheep dog

ghk230473 says...
12:11am Fri 30 Mar 12

Baddesley Bill wrote:
ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.
You "questioned him"?...nawww mate you slated him, called fellow fans "stains" and our chairman a "little itie"...that doesn't wash with me I'm afraid!
Don't care what washes with you to be honest. I called 1 fan a stain, and the chairman is Italian. I'm White, a honky or limey. I could or would never see cortese as a god figure as you and bro do, I live in the real world. Yes they have come in and done a good job and getting well paid and are profiting, but they have been here 2 mins compared to past members and players of the club. The club was always going to be a good investment .

slugger says...
12:12am Fri 30 Mar 12

Invidia wrote:
Yes your right Sluggie he changes his bark like a sheep dog
baaa

Tirau Dan says...
12:13am Fri 30 Mar 12

Baddesley Bill wrote:
ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.
You "questioned him"?...nawww mate you slated him, called fellow fans "stains" and our chairman a "little itie"...that doesn't wash with me I'm afraid!
Nor me.. sins against The Saints at sfc don't get a confessional and hail marys.. yer in or yer out.. you insulted your way to oblivion

slugger says...
12:15am Fri 30 Mar 12

ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.
You "questioned him"?...nawww mate you slated him, called fellow fans "stains" and our chairman a "little itie"...that doesn't wash with me I'm afraid!
Don't care what washes with you to be honest. I called 1 fan a stain, and the chairman is Italian. I'm White, a honky or limey. I could or would never see cortese as a god figure as you and bro do, I live in the real world. Yes they have come in and done a good job and getting well paid and are profiting, but they have been here 2 mins compared to past members and players of the club. The club was always going to be a good investment .
if back-pedaling was an olympic sport ........

Seedhouse the Unrepentant says...
12:15am Fri 30 Mar 12

little fishy on little dishy!

Baddesley Bill says...
12:15am Fri 30 Mar 12

ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.
You "questioned him"?...nawww mate you slated him, called fellow fans "stains" and our chairman a "little itie"...that doesn't wash with me I'm afraid!
Don't care what washes with you to be honest. I called 1 fan a stain, and the chairman is Italian. I'm White, a honky or limey. I could or would never see cortese as a god figure as you and bro do, I live in the real world. Yes they have come in and done a good job and getting well paid and are profiting, but they have been here 2 mins compared to past members and players of the club. The club was always going to be a good investment .
I've never known a Saints fan EVER to call another a "stain"...I think that was what gave you away tbh.

ghk230473 says...
12:22am Fri 30 Mar 12

Lmfoa, don't know if your sheep or fish by the way ya get reeled in! nite all til next time;)

slugger says...
12:24am Fri 30 Mar 12

Baddesley Bill wrote:
ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Baddesley Bill wrote:
ghk230473 wrote:
Invidia wrote:
ghk230473 do you still believe the nonesense you posted about NA being sacked or some such, at the end of this season.
For the record wouldn't want him sacked. Stated during transfer window when there seemed little action, and performances had been poor since end of November that he could be gone by the end of year. There is no future of getting rid of managers at A drop of a hat, that's why I was concerned when pardew sacked without any reason.
Blimey ghk...you've change your tune!!!!
Not at all, I've questioned him after Bristol city game, and he has a lot to learn and will improve. My main concern is cortese doing a Lowe and having a say over football matters. Let the manager manage, why keep a dog and bark yourself.
You "questioned him"?...nawww mate you slated him, called fellow fans "stains" and our chairman a "little itie"...that doesn't wash with me I'm afraid!
Don't care what washes with you to be honest. I called 1 fan a stain, and the chairman is Italian. I'm White, a honky or limey. I could or would never see cortese as a god figure as you and bro do, I live in the real world. Yes they have come in and done a good job and getting well paid and are profiting, but they have been here 2 mins compared to past members and players of the club. The club was always going to be a good investment .
I've never known a Saints fan EVER to call another a "stain"...I think that was what gave you away tbh.
only a skate would even think about such a term for a saints fan , or boremouth , or the occasional seagull ....... never ever a fellow saint !

slugger says...
12:29am Fri 30 Mar 12

ghk230473 wrote:
Lmfoa, don't know if your sheep or fish by the way ya get reeled in! nite all til next time;)
the truth is mush , we wern't "reeled in" at all , was amusing watching you try to wriggle out of it for a while and then it just became boring ....... spot you next time too !

Tirau Dan says...
12:32am Fri 30 Mar 12

Must be me but I don't find the jerk funny at all.. just an ingredient for the skate shake liquidizer

ghk230473 says...
12:32am Fri 30 Mar 12

slugger wrote:
ghk230473 wrote:
Lmfoa, don't know if your sheep or fish by the way ya get reeled in! nite all til next time;)
the truth is mush , we wern't "reeled in" at all , was amusing watching you try to wriggle out of it for a while and then it just became boring ....... spot you next time too !
Can't educate pork, like I said thick tw4t

slugger says...
12:34am Fri 30 Mar 12

ghk230473 wrote:
slugger wrote:
ghk230473 wrote:
Lmfoa, don't know if your sheep or fish by the way ya get reeled in! nite all til next time;)
the truth is mush , we wern't "reeled in" at all , was amusing watching you try to wriggle out of it for a while and then it just became boring ....... spot you next time too !
Can't educate pork, like I said thick tw4t
love you too , laters .

Baddesley Bill says...
12:39am Fri 30 Mar 12

ghk230473 wrote:
Lmfoa, don't know if your sheep or fish by the way ya get reeled in! nite all til next time;)
bye then.

rob the saint in NZ says...
3:28am Fri 30 Mar 12

The later the hour, the more in drink he becomes, then the more abusive & unintelligible are his posts.

No one of a Saintly persuasion ever calls another Saint a "stain".

His past sins are coming back to haunt him - hoist by his own petard.

ghk230473 says...
7:25am Fri 30 Mar 12

rob the saint in NZ wrote:
The later the hour, the more in drink he becomes, then the more abusive & unintelligible are his posts.

No one of a Saintly persuasion ever calls another Saint a "stain".

His past sins are coming back to haunt him - hoist by his own petard.
Not at all, I'm saying what I've always said but you and the sheep have got unhealthy thoughts about cortese and being saved! I'm actually sticking up for the fan base, and how the fans have been around thru thick and thin. If you read back I've stated the incumbents have done a good job, but I don't have wet dreams about them and it's still our club.
Never wanted Adkins sacked, quetioned cortese's potential trigger finger as pardew went with out explanation. I feel it's our club and we shouldn't be treated like mushrooms.

ghk230473 says...
7:36am Fri 30 Mar 12

The club wasn't built in 3 years, there's been generations of care and foundations set. There's a statue outside of a certain ted bates who spent his career here, that statue didn't go up after he'd been here 5 mins of him 1st entering the building! Some of you are desperate for a hero, YES I'm pleased Markus came along and the job so far is a good un, but IMO with our stadium, training facilities and potential we would have been bought by some one and they too would have made a tidy profit too. May of been different either way, could have been worse could have been better!

puppy saint says...
8:06am Fri 30 Mar 12

I see the lone wolf of Junior 6 football at Riverside Park is on the prowl. No ego or self esteem issues with Wolfie. I better rejoin the flock before he notices me. Baaa.

Seedhouse the Unrepentant says...
8:21am Fri 30 Mar 12

puppy saint wrote:
I see the lone wolf of Junior 6 football at Riverside Park is on the prowl. No ego or self esteem issues with Wolfie. I better rejoin the flock before he notices me. Baaa.
One of the Blackpool contingent has dropped out. Fancy coming? Were off about 11.

puppy saint says...
8:30am Fri 30 Mar 12

Seedhouse the Unrepentant wrote:
puppy saint wrote:
I see the lone wolf of Junior 6 football at Riverside Park is on the prowl. No ego or self esteem issues with Wolfie. I better rejoin the flock before he notices me. Baaa.
One of the Blackpool contingent has dropped out. Fancy coming? Were off about 11.
Gentlemen's retreat this weekend. 7 of us staying in a pub. What could possibly go wrong? And don't give it the part timer **** too. I'll take the away ticket stub challenge with you any day.

ghk is an avid, hardcore Saints fan. If he's not featuring in the Travis Perkins Junior Shield semi final at Green Park then he might take up your offer?

Seedhouse the Unrepentant says...
8:34am Fri 30 Mar 12

ghk230473 wrote:
The club wasn't built in 3 years, there's been generations of care and foundations set. There's a statue outside of a certain ted bates who spent his career here, that statue didn't go up after he'd been here 5 mins of him 1st entering the building! Some of you are desperate for a hero, YES I'm pleased Markus came along and the job so far is a good un, but IMO with our stadium, training facilities and potential we would have been bought by some one and they too would have made a tidy profit too. May of been different either way, could have been worse could have been better!
No ones made a tidy profit, not a penny piece - that will only occur if they sell and if they sell for more than their total investment.

No one else did come in other than matey in his council house. The club was within hours of liquidation, it had been hawked around and no one else came in. Crouch, who ran up the debts in the first place with Wilde not Lowe, personally financed it to buy a little time.

It was you pushing to spend vast amounts more. That would have been unsustainable and wages would have exceeded income so you have no financial acumen either.

You're either a skate or blind.

Seedhouse the Unrepentant says...
8:42am Fri 30 Mar 12

puppy saint wrote:
Seedhouse the Unrepentant wrote:
puppy saint wrote:
I see the lone wolf of Junior 6 football at Riverside Park is on the prowl. No ego or self esteem issues with Wolfie. I better rejoin the flock before he notices me. Baaa.
One of the Blackpool contingent has dropped out. Fancy coming? Were off about 11.
Gentlemen's retreat this weekend. 7 of us staying in a pub. What could possibly go wrong? And don't give it the part timer **** too. I'll take the away ticket stub challenge with you any day.

ghk is an avid, hardcore Saints fan. If he's not featuring in the Travis Perkins Junior Shield semi final at Green Park then he might take up your offer?
That's very defensive of you Puppy, don't feel you have to justify yourself. Your support is just as welcome as more er shall we say full time supporters :)

Got tickets to Palace for me and Bill. How we getting there?

Seedhouse the Unrepentant says...
9:00am Fri 30 Mar 12

Trevor Birch radio Solent now.

puppy saint says...
9:39am Fri 30 Mar 12

Seedhouse the Unrepentant wrote:
puppy saint wrote:
Seedhouse the Unrepentant wrote:
puppy saint wrote:
I see the lone wolf of Junior 6 football at Riverside Park is on the prowl. No ego or self esteem issues with Wolfie. I better rejoin the flock before he notices me. Baaa.
One of the Blackpool contingent has dropped out. Fancy coming? Were off about 11.
Gentlemen's retreat this weekend. 7 of us staying in a pub. What could possibly go wrong? And don't give it the part timer **** too. I'll take the away ticket stub challenge with you any day.

ghk is an avid, hardcore Saints fan. If he's not featuring in the Travis Perkins Junior Shield semi final at Green Park then he might take up your offer?
That's very defensive of you Puppy, don't feel you have to justify yourself. Your support is just as welcome as more er shall we say full time supporters :)

Got tickets to Palace for me and Bill. How we getting there?
Will be in London, obviously at Kwik Fit. And f**k off on the full timer bollicks. JCL, glory hunter more like. That's you, that is.

Seedhouse the Unrepentant says...
9:45am Fri 30 Mar 12

puppy saint wrote:
Seedhouse the Unrepentant wrote:
puppy saint wrote:
Seedhouse the Unrepentant wrote:
puppy saint wrote:
I see the lone wolf of Junior 6 football at Riverside Park is on the prowl. No ego or self esteem issues with Wolfie. I better rejoin the flock before he notices me. Baaa.
One of the Blackpool contingent has dropped out. Fancy coming? Were off about 11.
Gentlemen's retreat this weekend. 7 of us staying in a pub. What could possibly go wrong? And don't give it the part timer **** too. I'll take the away ticket stub challenge with you any day.

ghk is an avid, hardcore Saints fan. If he's not featuring in the Travis Perkins Junior Shield semi final at Green Park then he might take up your offer?
That's very defensive of you Puppy, don't feel you have to justify yourself. Your support is just as welcome as more er shall we say full time supporters :)

Got tickets to Palace for me and Bill. How we getting there?
Will be in London, obviously at Kwik Fit. And f**k off on the full timer bollicks. JCL, glory hunter more like. That's you, that is.
Been a JCL since you were in nappies sonny. Even that ghk is a bigger fan than you. And more loyal. bet you're Packin the Park again.

ghk230473 says...
9:57am Fri 30 Mar 12

Seedhouse the Unrepentant wrote:
ghk230473 wrote:
The club wasn't built in 3 years, there's been generations of care and foundations set. There's a statue outside of a certain ted bates who spent his career here, that statue didn't go up after he'd been here 5 mins of him 1st entering the building! Some of you are desperate for a hero, YES I'm pleased Markus came along and the job so far is a good un, but IMO with our stadium, training facilities and potential we would have been bought by some one and they too would have made a tidy profit too. May of been different either way, could have been worse could have been better!
No ones made a tidy profit, not a penny piece - that will only occur if they sell and if they sell for more than their total investment.

No one else did come in other than matey in his council house. The club was within hours of liquidation, it had been hawked around and no one else came in. Crouch, who ran up the debts in the first place with Wilde not Lowe, personally financed it to buy a little time.

It was you pushing to spend vast amounts more. That would have been unsustainable and wages would have exceeded income so you have no financial acumen either.

You're either a skate or blind.
To guarantee promotion and prevent panic buying in summer transfer window yes I would of spent, still think we need more quality players. The sum of £20 - £30m was what was thrown around as a general figure of what to gamble to guarantee promotion for a return of at least £90m.
Aldershot, altringham Stanley etc went bust but never died and nor will Pompey. Saints reached a level and were bought. If you think we would of gone out of existence you must be stupid, who wouldn't see it as a good investment?

saintkenny says...
11:49am Fri 30 Mar 12

willygetaway wrote:
slugger wrote:
pompey phil wrote:
slugger wrote:
Skating on thin ice wrote:
Hmm, so what do we have here? You needed a major input of funds from your wealthy foreign owners so that you could buy promotion with players who you couldn't afford from your own resources. Wage bill 93% of turnover, way way in excess of UEFA's sustainability guidelines. Good investment business by the owners? Or cheating? Depends whose website you're on I suppose.
pompey are cheating NOW by fielding a team they cannot afford pay , dosn't compare to an owner investing in his football club , silly skate !
Pompey are not paying the loan players there parent clubs are so we are only paying some of the squad,so we are not cheating, but you could say you are by using loans to pay you're players wages ha ha PUP,PTID
EXACTLY ! , you can't afford to pay the team you field , that my friend is "cheating" .... if gaydamak had invested in a pompey academy rather than buying the fa cup , just maybe you wouln't be in the poo that you are now ? .... just a thought .
Why oh why are we listening to voices from beyond the grave ?
just go to the light you sad fish fiddlers
WHO,S LAUGHING NOW
again the players wages run within the cost of accounts .we only owed money to restart the clubs set up ,we our not in debt with players wages average 9000 a week ,and we get 24.000 average ,and you have a player on 35.000 a week .yet getting gates of 17.000 .how deluded can you get ,no good trying to compare how portsmouth is run to how southampton is we our laughing at your demise yet again is 4th time now in administration ,as we say who is laughing now !!!!!!

gooner1711 says...
12:45pm Fri 30 Mar 12

Over the Edge wrote:
Mush On The Beach wrote:
george chivers wrote:
Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote: So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium? You are taking the p!ss of course? Any fool can get a bank loan and employ contractors to build something. It takes hard work to pay for it, something Woopert never did. The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!
Not strictly true. Poopey couldn’t raise the funds when in the Prem from their bank manager at HSBC to rebuild their toilet of a ground .... That’s why I’ll still bank with them
I said any fool, not total fcuking idiots. Even HSBC know a bad thing when they see it
If you look closely then I said you have Woopert to thank for the stadium being built. If you were still there when they took over you may still be there or in the process of building. It takes years to get into the new ground. Yes they inherited it with the debt associated. That was my point only. He was also a clown too, so we agree there.
No thanks to the moron for the kerb crawling aspect. I could mention the Dave Jones court case when he was your manager but why would I when he, like Wenger had no case to prove. Utter class in that response.
Anyway, hurry up and get promoted along with Reading and Brighton so I have a local away match to go to next season. Hopefully replace Wigan, Wolves and another toilet Northern ground.
Good luck and hope your season tickets don't rise too much.

waxrose says...
1:21pm Fri 30 Mar 12

This would have to be a news item that has stirred emotions far greater than any other Echo effort. I do not attempt to understand the high finance but on the face of it one must assume we would be up sh*t creek without a paddle had Markus and family not baled us out. I agree that the wage bill sounds horrendous but then what do I know about running a football club but if my money managers spent 93% on wages I would be very worried and can only hope things will improve next season in The Premiership.

Mush On The Beach says...
2:07pm Fri 30 Mar 12

gooner1711 wrote:
Over the Edge wrote:
Mush On The Beach wrote:
george chivers wrote:
Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote: So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium? You are taking the p!ss of course? Any fool can get a bank loan and employ contractors to build something. It takes hard work to pay for it, something Woopert never did. The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!
Not strictly true. Poopey couldn’t raise the funds when in the Prem from their bank manager at HSBC to rebuild their toilet of a ground .... That’s why I’ll still bank with them
I said any fool, not total fcuking idiots. Even HSBC know a bad thing when they see it
If you look closely then I said you have Woopert to thank for the stadium being built. If you were still there when they took over you may still be there or in the process of building. It takes years to get into the new ground. Yes they inherited it with the debt associated. That was my point only. He was also a clown too, so we agree there.
No thanks to the moron for the kerb crawling aspect. I could mention the Dave Jones court case when he was your manager but why would I when he, like Wenger had no case to prove. Utter class in that response.
Anyway, hurry up and get promoted along with Reading and Brighton so I have a local away match to go to next season. Hopefully replace Wigan, Wolves and another toilet Northern ground.
Good luck and hope your season tickets don't rise too much.
Oh dear Gooner, hit a nerve have I? I was actually referring to how you prey and steal the best of our youth academy in footballing terms. If you have doubts in other ways about Arsene, so be it.
I’ll be your Moron if it pleases you, you can be my Mormon ... Door knocking and preaching to the unconverted and uninterested. Shut your eyes ... Here comes a Mush Flash

lowe esteem says...
2:26pm Fri 30 Mar 12

Lot of mud-slinging and clouded judgement here following this article, so i would just like to clarify something that appears not to have been said, so I WILL state the obvious.
To Nicola Cortese and the Liebherrs: It is clear to me that you have more integrity,passion and realistic acumen than any other football club owners. For this reason, those of us Saints fans of sound mind would like to make it crystal clear that we want to continue on this beautiful bus-trip with you for as long as possible.

I would also suggest that upon achieving stage two of the grand plan that you might consider persevering with the large proportion of this squad that has got us where we are today- methinks they will do well. If not-there's always the opportunity to use the 'parachute' payments for what they're intended and re-group- we're ahead of schedule anyway. If not, I will trust you, why shouldn't I?

gooner1711 says...
2:38pm Fri 30 Mar 12

Mush On The Beach wrote:
gooner1711 wrote:
Over the Edge wrote:
Mush On The Beach wrote:
george chivers wrote:
Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote: So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium? You are taking the p!ss of course? Any fool can get a bank loan and employ contractors to build something. It takes hard work to pay for it, something Woopert never did. The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!
Not strictly true. Poopey couldn’t raise the funds when in the Prem from their bank manager at HSBC to rebuild their toilet of a ground .... That’s why I’ll still bank with them
I said any fool, not total fcuking idiots. Even HSBC know a bad thing when they see it
If you look closely then I said you have Woopert to thank for the stadium being built. If you were still there when they took over you may still be there or in the process of building. It takes years to get into the new ground. Yes they inherited it with the debt associated. That was my point only. He was also a clown too, so we agree there. No thanks to the moron for the kerb crawling aspect. I could mention the Dave Jones court case when he was your manager but why would I when he, like Wenger had no case to prove. Utter class in that response. Anyway, hurry up and get promoted along with Reading and Brighton so I have a local away match to go to next season. Hopefully replace Wigan, Wolves and another toilet Northern ground. Good luck and hope your season tickets don't rise too much.
Oh dear Gooner, hit a nerve have I? I was actually referring to how you prey and steal the best of our youth academy in footballing terms. If you have doubts in other ways about Arsene, so be it. I’ll be your Moron if it pleases you, you can be my Mormon ... Door knocking and preaching to the unconverted and uninterested. Shut your eyes ... Here comes a Mush Flash
No nerves hit, just would rather concentrate on football than mud slinging, petty digs, etc. but go ahead. Water off a ducks back.
Well if you hadn't been in such dire straits then maybe you wouldn't have needed to sell. Like any club that buys and sells players we let our best assets go to. Needless to say it'll be a long summer with RvP drawn out. Will he stay or will he go? Who knows. There'll still be a club to support at the end of it. What we all need to know is there is a food chain.....you're nearer the bottom than us.

gooner1711 says...
2:50pm Fri 30 Mar 12

gooner1711 wrote:
Mush On The Beach wrote:
gooner1711 wrote:
Over the Edge wrote:
Mush On The Beach wrote:
george chivers wrote:
Over the Edge wrote:
gooner1711 wrote:
Billy_The_Fish wrote: So lets have a look at wot the liebehrrs have to show for there money. A 32,000 seater stadium, a fantastic academy, a large loyal fan base, a team top of the champ & challenging for the PL & all for 33M. Now wot do the skates have to show for their 180m debt.......er oh yeah nothing. The futures bright its Red & White :)
I think you'll find you have Woopert to thank for the stadium.....
Woopert to thank for the stadium? You are taking the p!ss of course? Any fool can get a bank loan and employ contractors to build something. It takes hard work to pay for it, something Woopert never did. The only thing to thank that man for is the fact that he fcuked off once and for all.
Yep! Spot on!!
Not strictly true. Poopey couldn’t raise the funds when in the Prem from their bank manager at HSBC to rebuild their toilet of a ground .... That’s why I’ll still bank with them
I said any fool, not total fcuking idiots. Even HSBC know a bad thing when they see it
If you look closely then I said you have Woopert to thank for the stadium being built. If you were still there when they took over you may still be there or in the process of building. It takes years to get into the new ground. Yes they inherited it with the debt associated. That was my point only. He was also a clown too, so we agree there. No thanks to the moron for the kerb crawling aspect. I could mention the Dave Jones court case when he was your manager but why would I when he, like Wenger had no case to prove. Utter class in that response. Anyway, hurry up and get promoted along with Reading and Brighton so I have a local away match to go to next season. Hopefully replace Wigan, Wolves and another toilet Northern ground. Good luck and hope your season tickets don't rise too much.
Oh dear Gooner, hit a nerve have I? I was actually referring to how you prey and steal the best of our youth academy in footballing terms. If you have doubts in other ways about Arsene, so be it. I’ll be your Moron if it pleases you, you can be my Mormon ... Door knocking and preaching to the unconverted and uninterested. Shut your eyes ... Here comes a Mush Flash
No nerves hit, just would rather concentrate on football than mud slinging, petty digs, etc. but go ahead. Water off a ducks back. Well if you hadn't been in such dire straits then maybe you wouldn't have needed to sell. Like any club that buys and sells players we let our best assets go to. Needless to say it'll be a long summer with RvP drawn out. Will he stay or will he go? Who knows. There'll still be a club to support at the end of it. What we all need to know is there is a food chain.....you're nearer the bottom than us.
And we're lower than Barcelona. Likewise Bournemouth are lower than you. Those are the facts. Clubs do not have to sell. Every player has a price. Look at Sp*rs, they held onto Modrich after refusing to give in. Cortese held out until AOC price was what he wanted. That's life I'm afraid.

Mush On The Beach says...
3:19pm Fri 30 Mar 12

Can’t work out why you are actually on here in the first place, what has the story got to do with you? But I guess all are welcome, even condescending knobs like yourself.
Clubs do not have to sell? ... Fabregas, Nasri, hmmm? They didn’t have a price, they just wanted to get the feck out of it. Those are the facts

gooner1711 says...
4:04pm Fri 30 Mar 12

Mush On The Beach wrote:
Can’t work out why you are actually on here in the first place, what has the story got to do with you? But I guess all are welcome, even condescending knobs like yourself. Clubs do not have to sell? ... Fabregas, Nasri, hmmm? They didn’t have a price, they just wanted to get the feck out of it. Those are the facts
Well maybe AOC wanted the feck out too? Maybe he saw a better future elsewhere? Maybe Theo too? We all look onwards and upwards so don't take it so personally. At the end of the day it's about your club surviving and that's about it. Players and managers come and go. Supporters stay regardless.

I see you've now taken to insults. Well this is my local paper to, interested in the local teams including Pompey, Bournemouth, etc. so why shouldn't I read it and comment where and when I like? Is there a rule that only Saints fans are allowed to comment? Before you go on about supporting your local team stuff that is bound to come out....my Dad was from Hackney, my mum from Aberdeen. We spent many weekends in London and my uncle took me to all the grounds in London as my Dad was not into football. Arsenal became my team in 1981 and I have had a season ticket for past 14 seasons. End.

Mush On The Beach says...
4:42pm Fri 30 Mar 12

gooner1711 wrote:
Mush On The Beach wrote:
Can’t work out why you are actually on here in the first place, what has the story got to do with you? But I guess all are welcome, even condescending knobs like yourself. Clubs do not have to sell? ... Fabregas, Nasri, hmmm? They didn’t have a price, they just wanted to get the feck out of it. Those are the facts
Well maybe AOC wanted the feck out too? Maybe he saw a better future elsewhere? Maybe Theo too? We all look onwards and upwards so don't take it so personally. At the end of the day it's about your club surviving and that's about it. Players and managers come and go. Supporters stay regardless.

I see you've now taken to insults. Well this is my local paper to, interested in the local teams including Pompey, Bournemouth, etc. so why shouldn't I read it and comment where and when I like? Is there a rule that only Saints fans are allowed to comment? Before you go on about supporting your local team stuff that is bound to come out....my Dad was from Hackney, my mum from Aberdeen. We spent many weekends in London and my uncle took me to all the grounds in London as my Dad was not into football. Arsenal became my team in 1981 and I have had a season ticket for past 14 seasons. End.
Blimey Gooner, this is a football forum, not a session on the black couch with your shrink. I don’t give a feck about your family disjoints.
But since we’ve bonded in some tribal argumentative way, I’ll share this with you:
Southampton originates from St Marys Southampton and that is who we are.
Arsenal originate from Woolwich South London, but you pikied off to North London, How firm are your historical roots preacher man? 

gooner1711 says...
9:45pm Fri 30 Mar 12

Mush On The Beach wrote:
gooner1711 wrote:
Mush On The Beach wrote: Can’t work out why you are actually on here in the first place, what has the story got to do with you? But I guess all are welcome, even condescending knobs like yourself. Clubs do not have to sell? ... Fabregas, Nasri, hmmm? They didn’t have a price, they just wanted to get the feck out of it. Those are the facts
Well maybe AOC wanted the feck out too? Maybe he saw a better future elsewhere? Maybe Theo too? We all look onwards and upwards so don't take it so personally. At the end of the day it's about your club surviving and that's about it. Players and managers come and go. Supporters stay regardless. I see you've now taken to insults. Well this is my local paper to, interested in the local teams including Pompey, Bournemouth, etc. so why shouldn't I read it and comment where and when I like? Is there a rule that only Saints fans are allowed to comment? Before you go on about supporting your local team stuff that is bound to come out....my Dad was from Hackney, my mum from Aberdeen. We spent many weekends in London and my uncle took me to all the grounds in London as my Dad was not into football. Arsenal became my team in 1981 and I have had a season ticket for past 14 seasons. End.
Blimey Gooner, this is a football forum, not a session on the black couch with your shrink. I don’t give a feck about your family disjoints. But since we’ve bonded in some tribal argumentative way, I’ll share this with you: Southampton originates from St Marys Southampton and that is who we are. Arsenal originate from Woolwich South London, but you pikied off to North London, How firm are your historical roots preacher man? 
Even 2 Saints STH have come round and apologised to me for this neanderthol approach from you.
Strangely I was not around when this all happened from Woolwich Arsenal so could have little impact upon it.
Who said I was preaching? Just gave an original comment but since then been pretty much given nothing but crud from a dead head. Thanks for insulting my father who passed away 12 years ago.
I actually wished Saints good luck earlier but all I got was that I'm a condasecnding knob, although I appreciate that we're below Barcelona in the pecking order. No doubt I'll see you on the TV tomorrow night at Blackpool? What a pillock and embarrassment you are.

OSPREYSAINT says...
11:24pm Fri 30 Mar 12

gooner1711 wrote:
Mush On The Beach wrote:
gooner1711 wrote:
Mush On The Beach wrote: Can’t work out why you are actually on here in the first place, what has the story got to do with you? But I guess all are welcome, even condescending knobs like yourself. Clubs do not have to sell? ... Fabregas, Nasri, hmmm? They didn’t have a price, they just wanted to get the feck out of it. Those are the facts
Well maybe AOC wanted the feck out too? Maybe he saw a better future elsewhere? Maybe Theo too? We all look onwards and upwards so don't take it so personally. At the end of the day it's about your club surviving and that's about it. Players and managers come and go. Supporters stay regardless. I see you've now taken to insults. Well this is my local paper to, interested in the local teams including Pompey, Bournemouth, etc. so why shouldn't I read it and comment where and when I like? Is there a rule that only Saints fans are allowed to comment? Before you go on about supporting your local team stuff that is bound to come out....my Dad was from Hackney, my mum from Aberdeen. We spent many weekends in London and my uncle took me to all the grounds in London as my Dad was not into football. Arsenal became my team in 1981 and I have had a season ticket for past 14 seasons. End.
Blimey Gooner, this is a football forum, not a session on the black couch with your shrink. I don’t give a feck about your family disjoints. But since we’ve bonded in some tribal argumentative way, I’ll share this with you: Southampton originates from St Marys Southampton and that is who we are. Arsenal originate from Woolwich South London, but you pikied off to North London, How firm are your historical roots preacher man? 
Even 2 Saints STH have come round and apologised to me for this neanderthol approach from you.
Strangely I was not around when this all happened from Woolwich Arsenal so could have little impact upon it.
Who said I was preaching? Just gave an original comment but since then been pretty much given nothing but crud from a dead head. Thanks for insulting my father who passed away 12 years ago.
I actually wished Saints good luck earlier but all I got was that I'm a condasecnding knob, although I appreciate that we're below Barcelona in the pecking order. No doubt I'll see you on the TV tomorrow night at Blackpool? What a pillock and embarrassment you are.
Hope you don't think we are like this poster, he is entitled to his views though, I doubt many will back him up, I haven't read all the posts yet so I am not up to speed with what has gone on, got to admit a lot of us were miffed when he left, is he worth the money?

Tirau Dan says...
6:59am Sat 31 Mar 12

The thread is about where Saints are in relation to the five year plan. Basically we were bust and about 37m in debt. In June last year we went debt free. We're heading for back to back promotion and in real terms the club has been rebuilt from the core with very little spent.

I do remember a radio interview with Nicola Cortese in which he said this would be his last job. He loves it, his wife and kids enjoy Southampton. Guys recently said he told a fans dinner when asked if the Liebhers would sell he said there was nothing to think they would but if and when they did want the club sold he would be given plenty of time to find a suitable buyer and he has plenty of rich friends who would jump at the chance.

Saints are in a privileged and envied position. Fans can be certain which way is up. Every is based on hard work, performance, and living within means. There are a few clubs with similar regimes but none on such a roll at Southampton FC.

After years of being fed scraps and dross fans should now (if they don't already) start to dare to believe in Nicola Cortese as the driving force of the Liebherr backed machine that is Saints.

We are not a mega-rich plaything. Nothing is done on whim. Good on our friend from the Gooners popping in.. take a look at their lack of achievement for all their spending; what have they done in the time Nicola has had the reigns at SFC.

I predict Nicola will achieve what he told Markus on his death bed and take Saints to the top of the Champions League.... No disrespect (well a little bit if I'm honest) but we'll probably pass Arsenal on the way.

COYR Up The Saints..

iandharvey says...
7:26pm Tue 3 Apr 12

All I can say is that whoever buys Portsmouth will need VERY deep pockets!

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