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Matt Le Tissier surprised by Saints' Mark Wotte appointment


MATT Le Tissier has spoken of his “surprise” that Saints opted to appoint former academy director and reserve team boss Mark Wotte as Jan Poortvliet’s sucessor.

Poortvliet’s decision to quit due to the club’s poor home form was announced late last night along with confirmation that Wotte was to take over as Saints new head coach on a permanent basis.

While club legend Le Tissier was not overly surprised that Saints’ dismal home form this season has led to a managerial change he described the decision to appoint Wotte rather than a completely new manager as “the cheap option.”

“You look at the home form this season and it has been absolutely abysmal,” Le Tissier said.

“The only surprise to me is the appointment of Mark Wotte.

“He has come in and is one of Jan’s men and they just seem to have passed on the baton.”

When asked on Sky Sports’ Soccer Saturday whether appointing a fresh face would have been a better course of action for Saints to take, Le Tissier said: “You would have thought so.

"That would be the normal thinking but sadly at board level at the moment normal thinking goes out of the window sometimes.

“It (appointing Wotte) is the cheap option and it’s probably the only option we could afford because things are not looking too bright on the financial front at the moment.”

Comments(46)

Millbrook Dave says...
3:25pm Sat 24 Jan 09

CAREFUL MAT, LOWE WILL PROBABLY BAN YOU FROM ST.MARYS.HOW DARE YOU QUESTION THE EMPEROR'S DECISIONS!

lowe and behold says...
3:57pm Sat 24 Jan 09

Millbrook Dave wrote:
CAREFUL MAT, LOWE WILL PROBABLY BAN YOU FROM ST.MARYS.HOW DARE YOU QUESTION THE EMPEROR'S DECISIONS!
I dont think LOWE gives a to** what anyone says....
LOWE & WILDE OUT!
MANAGMENT OUT!

The Exiled Saint says...
4:06pm Sat 24 Jan 09

Matty you're a lovely chap and we love you dearly, but not thinking too much! Best sticking with the day job, you're good at that.

There's no money our other leg-ends have seen to that!

Is there a Saints Anarchist Club? You know the sort of thing; no managment or players, just fans!

northam monkey says...
4:38pm Sat 24 Jan 09

Fantastic journolism from The Echo today, The Wilde & Svensson stories taken from Saints Website (aka propaganda.com) and the Le Tiss comments some of the stuff he said on Sky's Soccer Saturday. Hardly expose's at a time of crisis at SFC!

Snopper says...
5:02pm Sat 24 Jan 09

LOWE OUT...and take the remainder of your Dutch boyfriends with you.
Denzil of Chilworth for Manager.

dundas20012002 says...
5:03pm Sat 24 Jan 09

Lowe, must go, and sooner than later, appointing Wotte is a "Band Aid Solution" Le God hit the nail right on the head. It's not nice to read articles on the net etc. of the club you love disintigrating before your eyes. Ted Bates must be turning over in his grave. I guess that dates me, but I do care and it hurts

forcaster says...
5:09pm Sat 24 Jan 09

Rasiak scores,Dyer scores,Thompson scores?????? Am I correct are these not Saints strikers out on loan? Would suggest that Matt knows more about soccer in his little finger than exiled Saint will ever know.

saint craig says...
5:12pm Sat 24 Jan 09

Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.

St.Yorkie says...
5:30pm Sat 24 Jan 09

Can we get Matt on the March next weekend?

Come on Matt - it's your club too!

If ever there was a time to get off the fence and rally behind the iconic legend - Saturday is it!

Come on Matt join us at The Bargate and walk to SMS with us. Honestly we are not the Lunatic Fringe - it's just what the Datk Lord calls us!

couzzy says...
6:03pm Sat 24 Jan 09

saw him talking about this and the guy looked destroyed, i think his actions and his words echo what a majority of the fans think.

Every bit of spin has been used to put a positive spin on this by the club, svensson on board is just another ploy to appease the fans. I hear lowe wont be at the game again saturday. Lowe is an utter COWARD, hides behind Wilde and lets him do all the talking while he makes the decisions and the brilliantly funny thing is that Wilde doesnt see that Lowe has him hand firmly up his backside and operating his mouth. How these guys made their money prior to football is mindboggling and when this club dies at the end of the season Lowe,Wilde,Jan,Wotte and all the other lapdogs who are employed down there will have the blood of a once proud club on their hands. I hope you are proud of yourselves.

Shazza (the genuine article, not an imposter) says...
6:08pm Sat 24 Jan 09

On another note, Nathan Dyer nicked a goal against Portsmouth today...

Invicta Saint says...
6:15pm Sat 24 Jan 09

Snopper wrote:
LOWE OUT...and take the remainder of your Dutch boyfriends with you. Denzil of Chilworth for Manager.
Hi Snopper.

Are you going down for the Sheff United game from Leybourne? I am Secretary of Cricket Club there & live in Medway. Could be worth meeting up to share costs and only cost each half of the usual disappointment fee for home matches from Kent.

Lone Ranger says...
6:27pm Sat 24 Jan 09

Is it possible that Wotte has been appointed due to the fact that the club will go into administation by the 23rd of March the league cut off date for points to be deducted in the current season. Therefore with potential new owners coming in they would start with their choice of manager.This means that Wottes contract would be terminated on the date of administration and so no compensation would be payable to him. But if a new outside manager came in now, he would choose new backroom staff so compensation would need to be paid to all of the staff that leave.
I would also guess that by this date Saints will have a good idea whether they are going down so to loose 10 points or so at that stage would not be a great issue. Then they drop to Div 1 and start next season with a completely clean and new balance sheet. In addition zero points the same as all other teams in that division.

Sad as it seems but this may be the only way out

the third hardest man in sholing says...
6:44pm Sat 24 Jan 09

Good luck to Jan Poortvliet and thanks for doing your best,he came,he tried,he failed,his hands were tied financially,he was naive in regards to the physical requirements of this league,and so we move on.
Lets hope Mark Wotte has learned from Jan`s mistakes,and can organise the team a little better,the same tools remain in the toolbox so i can`t see it changing drastically,maybe the players will respond Wotte...who knows??

worried of e sussex says...
7:38pm Sat 24 Jan 09

forcaster wrote:
Rasiak scores,Dyer scores,Thompson scores?????? Am I correct are these not Saints strikers out on loan? Would suggest that Matt knows more about soccer in his little finger than exiled Saint will ever know.
i know he was only on loan but jack cork scored as well! at least the rubber faced twitching tw@ is out the cup! COYR!

Brock_and_Roll says...
8:03pm Sat 24 Jan 09

Loneranger - I think you are bang on the money.

The Wotte appointment is positive proof that the club is verging on insolvency.

Having been through this too many times with the cherries, you ar enow entering the danger zone. To avoid a disasterous ponts deduction next season (when they might be in league 1) the club need to enter admniistration before the 4th Thursday in March - so if Saints are within sniffing distance of the releagtion zone by then, I think administration would be a certainty.


andy newbury says...
9:32pm Sat 24 Jan 09

Does adminastratoin mean the end of wilde and lowe being in any way involved with the saints, IF SO I for one will still be going to support the saints next season in div 1.I would gladley even pay more for as long as these two are not in any way at all involved with the club I have followed and supported since 1963. As far as I see it r.l. is the reason we are where we are today and wilde was r.l,s way back into the position he is in now.If a formula that means us going down ,getting rid of the current board and enables us to start afresh next season I WOULD WELCOME IT as long as the club I have supported for so many years could start next season with a UNITED SUPPORTERS BASE and a dam good MANAGEMENT BOARD that understands that SOUTHAMPTON F.C. is a product that consists of a FOOTBALL TEAM,a STADIUM AND IT,S SUPPORTING BASE NAMELY the FANS, and that the fans go to support their team playing FOOTBALLIt,s quite simple really all we the fans want to go and cheer our team on and be PROUD of who we are. southampton supporters!!So Rupert please go and let us be a UNITED club once again and be rid of all these stupid games you keep playing with our club. Al I want to see is a direction in which the club is going so that I and many more like myself can adapt to.

S Pance says...
9:44pm Sat 24 Jan 09

saint craig wrote:
Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.
The board DO know what they are doing! They cannot afford a manager from outside. Players are loaned out to save money.

If if were not for Lowe the club would have gone bankrupt ages ago.

Be thankful that you still have a club to get over excited about!

TottonScrutineer says...
10:13pm Sat 24 Jan 09

S Pance wrote:
saint craig wrote: Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.
The board DO know what they are doing! They cannot afford a manager from outside. Players are loaned out to save money. If if were not for Lowe the club would have gone bankrupt ages ago. Be thankful that you still have a club to get over excited about!
The board only think they know what they doing but the reality speaks for itself.Their decisions have acheived nothing...caused the demise of a manager (who I think with more experience available to him would have done better)...drove away the fans....caused divisions within the board and the club ....and have ruined the futures of some promising young players , by shattering their confidence.It looks to me that Lowe will wait for relegation and do what Bates did for Leeds who incidentily are still in league divsion one.Tjis latest sacking is so he can pass the buck AGAIN and AGAIN blame someone else.

Fides says...
10:18pm Sat 24 Jan 09

Lone Ranger wrote:
Is it possible that Wotte has been appointed due to the fact that the club will go into administation by the 23rd of March the league cut off date for points to be deducted in the current season. Therefore with potential new owners coming in they would start with their choice of manager.This means that Wottes contract would be terminated on the date of administration and so no compensation would be payable to him. But if a new outside manager came in now, he would choose new backroom staff so compensation would need to be paid to all of the staff that leave.
I would also guess that by this date Saints will have a good idea whether they are going down so to loose 10 points or so at that stage would not be a great issue. Then they drop to Div 1 and start next season with a completely clean and new balance sheet. In addition zero points the same as all other teams in that division.

Sad as it seems but this may be the only way out
Surely at some point the penny will drop. The most likely owners following any administration will be - ta da - Rupert Lowe and colleagues.

Administration will only do the club harm - please stop wishing for it.

saint craig says...
10:32pm Sat 24 Jan 09

S Pance wrote:
saint craig wrote: Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.
The board DO know what they are doing! They cannot afford a manager from outside. Players are loaned out to save money. If if were not for Lowe the club would have gone bankrupt ages ago. Be thankful that you still have a club to get over excited about!
Are you Ruperts family its because of him we are where we are he has no idea about football

Paul TS says...
10:33pm Sat 24 Jan 09

TottonScrutineer wrote:
S Pance wrote:
saint craig wrote: Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.
The board DO know what they are doing! They cannot afford a manager from outside. Players are loaned out to save money. If if were not for Lowe the club would have gone bankrupt ages ago. Be thankful that you still have a club to get over excited about!
The board only think they know what they doing but the reality speaks for itself.Their decisions have acheived nothing...caused the demise of a manager (who I think with more experience available to him would have done better)...drove away the fans....caused divisions within the board and the club ....and have ruined the futures of some promising young players , by shattering their confidence.It looks to me that Lowe will wait for relegation and do what Bates did for Leeds who incidentily are still in league divsion one.Tjis latest sacking is so he can pass the buck AGAIN and AGAIN blame someone else.
S Pance is speaking Pants again!

I am Saint Paul says...
1:57am Sun 25 Jan 09

andy newbury, newbury says...
9:32pm Sat 24 Jan 09
Does adminastratoin mean the end of wilde and lowe being in any way involved with the saints, IF SO I for one will still be going to support the saints next season in div 1.I would gladley even pay more for as long as these two are not in any way at all involved with the club I have followed and supported since 1963. As far as I see it r.l. is the reason we are where we are today and wilde was r.l,s way back into the position he is in now.If a formula that means us going down ,getting rid of the current board and enables us to start afresh next season I WOULD WELCOME IT as long as the club I have supported for so many years could start next season with a UNITED SUPPORTERS BASE and a dam good MANAGEMENT BOARD that understands that SOUTHAMPTON F.C. is a product that consists of a FOOTBALL TEAM,a STADIUM AND IT,S SUPPORTING BASE NAMELY the FANS, and that the fans go to support their team playing FOOTBALLIt,s quite simple really all we the fans want to go and cheer our team on and be PROUD of who we are. southampton supporters!!So Rupert please go and let us be a UNITED club once again and be rid of all these stupid games you keep playing with our club. Al I want to see is a direction in which the club is going so that I and many more like myself can adapt to. Does adminastratoin mean the end of wilde and lowe being in any way involved with the saints, IF SO I for one will still be going to support the saints next season in div 1.I would gladley even pay more for as long as these two are not in any way at all involved with the club I have followed and supported since 1963. As far as I see it r.l. is the reason we are where we are today and wilde was r.l,s way back into the position he is in now.If a formula that means us going down ,getting rid of the current board and enables us to start afresh next season I WOULD WELCOME IT as long as the club I have supported for so many years could start next season with a UNITED SUPPORTERS BASE and a dam good MANAGEMENT BOARD that understands that SOUTHAMPTON F.C. is a product that consists of a FOOTBALL TEAM,a STADIUM AND IT,S SUPPORTING BASE NAMELY the FANS, and that the fans go to support their team playing FOOTBALLIt,s quite simple really all we the fans want to go and cheer our team on and be PROUD of who we are. southampton supporters!!So Rupert please go and let us be a UNITED club once again and be rid of all these stupid games you keep playing with our club. Al I want to see is a direction in which the club is going so that I and many more like myself can adapt to.

100% agree. A post from a real supporter with a knowledgeable football background.

I am Saint Paul says...
2:01am Sun 25 Jan 09

S Pance, Morten Harkett says...
9:44pm Sat 24 Jan 09
saint craig wrote:
Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.
The board DO know what they are doing! They cannot afford a manager from outside. Players are loaned out to save money.

If if were not for Lowe the club would have gone bankrupt ages ago.

Be thankful that you still have a club to get over excited about!

erm..........oh dear..........we have people on here like Andy......and then we have the others!

ray the turk says...
5:58am Sun 25 Jan 09

Good morning Le Tizz,
your words were the bizz.
They made a descision...
drop down a division..
It's no big score
We've been there before.
By sowing these seeds
we'll end up like Leeds.
Let's start afresh..
get out of this mess
turn on the style
play good for a while.
Turn on the charm -
can't do any harm.
Get rid of the lot
its right, is it not
With a clean sheet
thats no mean feat,
We can start winning again-
Not right down the drain.
Let's work together on this
with help from Le Tizz
We'll soon be a side
that plays with some pride..
Look on the bright side of this
It seems SWANS eat FISH.
That made my day
and what the hell, eh!!
There's life out there yet
let's never forget
in the past we had fame
we can be there again.
So come on Southampton city
don't wallow in pity!!
listen my mates
were better than skates
They'r on the big slope
-for good I hope.
We can pass them again
and show them disdain.
Keep supporting our side..
I will do, with pride.




















































































































































































































































































RNsaint says...
7:25am Sun 25 Jan 09

You could see the heartache in Mat Le Tis's face.He is a true God of Saints.The club is run by a chump and a chimp.But at least Pompey wont have to polish any silverware.Well done Dyer.

cfordred says...
8:38am Sun 25 Jan 09

Lowe was talking about administration allegedly,what he really means he will be selling the only players of any worth to stave off the threatthis time.By quoting the the term administration there isno s**t on his hands ,not me l did it for the good of the club !!

Captain Kirk says...
8:42am Sun 25 Jan 09

Portaloo, Portaloo,
He came, he tried,
He f****d off in the end,
Portaloo, Portaloo.

Rupert Lowe, Rupert Lowe
He came, he tried,
He succeeded in the end,
Division 1, Division 1.

Captain Kirk says...
8:53am Sun 25 Jan 09

Matty, please get some rich guy to buy out! its our only hope. Anagram of Rupert Lowe - Rupe Rotwel - I hope he does.

rcoups says...
9:04am Sun 25 Jan 09

I'snt it about time some of our ex managers spoke up about what goes on behind the scenes and the real reason why they left rather than the bullshit they come out with. But I suppose they sign the RL SECRECY ACT so they cant say a word without being sued. Maybe one of the players old or new my have the balls to tell the truth

oldtimesaint says...
10:00am Sun 25 Jan 09

some of the posters on here are questioning whether admistration will result in the exit of Lowe, Wilde etc. The answer is probably not!!! It has become common in the present crisis for administrators and directors to enter into a 'pre-pack sale' where the company goes into administration and is immediately bought back, normally by the current management team. If that happens here all shareholders and many of the creditors) are wiped out and whoever buys the company out of administration owns 100%....now guess who might end up owning the WHOLE of OUR club :(.

Looking forward to an interesting day next Saturday and a win (!!??)

blackeye says...
10:33am Sun 25 Jan 09

I am fearful no lessons will ever be learned by the Board. This decision will not lead to much improvement but perhaps the appointment of killer will. Jan tried under really difficult circumstances and however has the job will struggle with Lowe etc at the club. Those of you who think Lowe is the club's saviour are deluded and Matt is right. All those within football know that Rupert & Co have no regards for the club and find it funny that they refused to sell at 40p a share some time back and now through the skilful management of the club they have got it done to 21.5p. Well done!

surrey1saint says...
10:55am Sun 25 Jan 09

Millbrook Dave wrote:
CAREFUL MAT, LOWE WILL PROBABLY BAN YOU FROM ST.MARYS.HOW DARE YOU QUESTION THE EMPEROR'S DECISIONS!
We need someone like MLT to get together with other Saints legends and bring in the money to oust Lowe.

Spakey says...
11:40am Sun 25 Jan 09

I am Saint Paul wrote:
S Pance, Morten Harkett says...
9:44pm Sat 24 Jan 09
saint craig wrote:
Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.
The board DO know what they are doing! They cannot afford a manager from outside. Players are loaned out to save money.

If if were not for Lowe the club would have gone bankrupt ages ago.

Be thankful that you still have a club to get over excited about!

erm..........oh dear..........we have people on here like Andy......and then we have the others!
To be honest the club is better off dead cause this is killing me inside. WE were once a great club who gave any club a run for their money, Now we are reduced to nothing. Unless someone pumps a cash injection into the club it will struggle and die.

Redhat says...
12:29pm Sun 25 Jan 09

ill support Saints till i die,even in league one (god forbid it),but i shall protest time and again until duck fiddling LOWE IS OUT WITH WILDE.

mark.wareham says...
12:44pm Sun 25 Jan 09

trying to find a chink of light... though i fear i know the answer... were kenwynne jones sold to spurs for £15m, i don't suppose it's beyond the realms of possibility that we might just have thought to negotiate a 10% sell-on clause when we flogged him to sunderland? i know it's not traditional for saints not to bother with such trifles, but it might save having to sell surman???

Saint says...
12:48pm Sun 25 Jan 09

Millbrook Dave wrote:
CAREFUL MAT, LOWE WILL PROBABLY BAN YOU FROM ST.MARYS.HOW DARE YOU QUESTION THE EMPEROR'S DECISIONS!
This is not so funny as you may think, as Lowe would actually do just that! No one should dare question him. Pictures of Matt might be down on Monday, and the Matt lounge will be re-named the big train lounge!

It is not only a cheap option, it is Lowe still trying to continue his big gamble, and try and prove he is right what ever the cost to the club may be! SERIOUSLY JAN RESIGNS AND HOW LONG HAS THE BOARD REALLY TAKEN TO MAKING THE RIGHT DECISION AND TAKING THIS CHANCE TO MOVE THE CLUB FORWARD. ANSWER = NONE!

Very interesting that all we herd recently is Lowe. To announce this Lowe has stuck his hand up his puppets lower regions, and put Turn-coat Wilde up infront to back this appointment! Your a joke Turn-coat Wilde!!

lowemustgo says...
1:04pm Sun 25 Jan 09

Just to clear up a few misunderstandings here. When the club goes into administration, anyone can buy it - its best offers. All unsecured creditors and shareholders lose their money - so managers, lowe, wilde, dont get paid anything. There is the option of what is called a 'pre-pack' adminstration. Under this route, the exisitng shareholders agree with an insolvency practioner, a plan to resurect the club with the debts cut donw to a manageable size. That could leave Lowe and co still as the largest shareholders -if they have further money to invest.
Would be a good idea if the supporters club took some advice from an insovency practitioner so as to be best placed when the s*** hits the fan.

oldtimesaint says...
1:31pm Sun 25 Jan 09

the danger of a 'pre-pack' is that often only the current management and the about to be administrators know its being prepared.If the administrator believes its in creditors interest (his only concern) to do a quick deal he can make it happen before anyone else even knows about it!!It can even happen overnight. Look at Whittards, Officers Club and Envy. All in and out of admistration and run by the same managenent.

Costa Baz says...
3:02pm Sun 25 Jan 09

oldtimesaint wrote:
the danger of a 'pre-pack' is that often only the current management and the about to be administrators know its being prepared.If the administrator believes its in creditors interest (his only concern) to do a quick deal he can make it happen before anyone else even knows about it!!It can even happen overnight. Look at Whittards, Officers Club and Envy. All in and out of admistration and run by the same managenent.
Stop it. You're beginning to scare me now.

I've always thought the administrator would invite offers from any interested party, but if what you say is true, GOD HELP US!!

Would it not be possible for interested parties to lodge their interest in buying the club, with the major creditors (e.g. the bank) thus ensuring that a 'pre-pack' couldn't be entered into with the current owners?

Also, wouldn't the major creditors awareness that the 'customer base' at SFC is decreasing under the current management and may decrease further should Lowe gain sole control, be adequate reason for them to seek a new buyer, rather than see any future investment wasted?

I bl**dy well hope so as I have my fingers crossed that there IS someone else out there, someone who understands football, who can step up to the mark and blow Lowe out.

Lone Ranger says...
3:43pm Sun 25 Jan 09

Lone Ranger wrote:
Is it possible that Wotte has been appointed due to the fact that the club will go into administation by the 23rd of March the league cut off date for points to be deducted in the current season. Therefore with potential new owners coming in they would start with their choice of manager.This means that Wottes contract would be terminated on the date of administration and so no compensation would be payable to him. But if a new outside manager came in now, he would choose new backroom staff so compensation would need to be paid to all of the staff that leave. I would also guess that by this date Saints will have a good idea whether they are going down so to loose 10 points or so at that stage would not be a great issue. Then they drop to Div 1 and start next season with a completely clean and new balance sheet. In addition zero points the same as all other teams in that division. Sad as it seems but this may be the only way out
This was my previous thread. Peoples comments re administration are realitively accurate but it also
looks as if some of you are suggesting that the board of SFC dont know what they are doing.

Well believe me they know EXACTLY what they are doing when it comes to running a PLC which SFC is. The only thing that they are geen about is the football side.

RL,MW and the oter board members have spent years running big business and know this and every angle very well. Be aware in the next few weeks that there will be some big developements and not in the favour, short term, for the fans.

I hope i am wrong but from a business point of view it would make sense to go for administration.

They have nothing to lose

Jesus_02 says...
4:21pm Sun 25 Jan 09

S Pance wrote:
saint craig wrote: Matts only saying what any fan with football knowledge knows THE BOARD DONT KNOW WHAT THEY ARE DOING The football decisions made by Lowe beggar belief First and formost we are a football team The guy is a complete tw@t.
The board DO know what they are doing! They cannot afford a manager from outside. Players are loaned out to save money. If if were not for Lowe the club would have gone bankrupt ages ago. Be thankful that you still have a club to get over excited about!
The lunatic minority speaks! who much of your pocket money did you invest?

Captain Kirk says...
6:04pm Sun 25 Jan 09

oldtimesaint wrote:
the danger of a 'pre-pack' is that often only the current management and the about to be administrators know its being prepared.If the administrator believes its in creditors interest (his only concern) to do a quick deal he can make it happen before anyone else even knows about it!!It can even happen overnight. Look at Whittards, Officers Club and Envy. All in and out of admistration and run by the same managenent.
if there is an administration then the administrator will be acting in the interests of the secured creditors (i.e. the banks) and not the creditors in general. The banks will not just wipe away their debt. However, the small business that supply saints will be left up the creek without a paddle.

Shoong says...
9:58am Mon 26 Jan 09

Suprised? I'm not Matt.

This is what we always do. And it has always failed.

And will again.

And that is why we are staring oblivion in the face.

Rich, London says...
11:30am Mon 26 Jan 09

Captain Kirk wrote:
oldtimesaint wrote: the danger of a 'pre-pack' is that often only the current management and the about to be administrators know its being prepared.If the administrator believes its in creditors interest (his only concern) to do a quick deal he can make it happen before anyone else even knows about it!!It can even happen overnight. Look at Whittards, Officers Club and Envy. All in and out of admistration and run by the same managenent.
if there is an administration then the administrator will be acting in the interests of the secured creditors (i.e. the banks) and not the creditors in general. The banks will not just wipe away their debt. However, the small business that supply saints will be left up the creek without a paddle.
Sorry but this is wrong. An Administrator is an officer of the Court and has a duty to all Creditors. Secured creditors naturally get "priority" in relation to the assets that they hold security over (e.g. the stadium) but the Administrator is not able to just ignore others in his dealings - he is accountable to the Court if he does (and to his licensing body such as the Accountancy bodies)

Invidia says...
12:56pm Mon 26 Jan 09

Rich, London wrote:
Captain Kirk wrote:
oldtimesaint wrote: the danger of a 'pre-pack' is that often only the current management and the about to be administrators know its being prepared.If the administrator believes its in creditors interest (his only concern) to do a quick deal he can make it happen before anyone else even knows about it!!It can even happen overnight. Look at Whittards, Officers Club and Envy. All in and out of admistration and run by the same managenent.
if there is an administration then the administrator will be acting in the interests of the secured creditors (i.e. the banks) and not the creditors in general. The banks will not just wipe away their debt. However, the small business that supply saints will be left up the creek without a paddle.
Sorry but this is wrong. An Administrator is an officer of the Court and has a duty to all Creditors. Secured creditors naturally get "priority" in relation to the assets that they hold security over (e.g. the stadium) but the Administrator is not able to just ignore others in his dealings - he is accountable to the Court if he does (and to his licensing body such as the Accountancy bodies)
Invariably the Bank as the major investor, gets paid first, if there is any money left over it gets gets divied up between the lesser creditors


MATT LE TISSIER Matt Le Tissier

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