Mystery group poised for 11th hour Saints bid (From Daily Echo)
When news happens, text SDE and your photos or videos to 80360. Or contact us by email and phone.
Mystery group waiting in wings for possible Southampton takeover
12:07pm Monday 18th May 2009 in Saints News
Mystery group poised for 11th hour Saints bid
A MYSTERY overseas group could be poised to make a dramatic 11th hour bid for control of Saints.
The Echo understands that the consortium are waiting in the wings if the Matt Le Tissier-backed Pinnacle bid fails to meet administrator Mark Fry’s deadline extension today.
We revealed last Wednesday that an overseas group had made contact with Pinnacle’s Tony Lyeham a few days earlier with a view to possibly combining funds.
But it is now believed the group are keen to take control of the financially- stricken club by themselves.
The group have been in discussion with Fry for over a week but have yet to table an official bid.
The Echo reported on Saturday how the Pinnacle consortium – who have been dealing with the administrator for around a fortnight now – failed to meet Fry’s initial deadline of the previous day.
The delay centred on an exchange of legal documents setting the wheels in motion for their bid.
Comments(58)
kinkyboots70
says...
12:12pm Mon 18 May 09
norfolksaint
says...
12:13pm Mon 18 May 09
UTS
says...
12:15pm Mon 18 May 09
Talk of getting more for the stadium on its own seems to be doing well on the rumour front.
Charlie George's Lawnmower
says...
12:16pm Mon 18 May 09
"COULD"
"COULD"
"COULD"
"COULD"
"COULD"
Just giving the Echo a few coulds in advance of them using them extensively over the coming days.
kinkyboots70
says...
12:20pm Mon 18 May 09
Bright Spark
says...
12:24pm Mon 18 May 09
Ciaran
says...
12:28pm Mon 18 May 09
dorsetsaints
says...
12:31pm Mon 18 May 09
we need to get selling season tickets and signing up Kelvin
OSPREYSAINT
says...
12:33pm Mon 18 May 09
Costa Baz
says...
12:43pm Mon 18 May 09
I'd hate to see another scenario where we have 2 or 3 people with different views splitting the club down the middle again, meaning that the club never goes forwards only backwards.
FaceonaBus
says...
12:46pm Mon 18 May 09
Is there any good news out there.
Surely we have got to be a good little deal for someone, SMS, Staplewood, Jacksons farm etc. Regardless of being an SFC fan, froom a business point of view it has to be a deal to be snatched at.....hasnt it?
SW GREY-POOR !! oh joy !!!!!!!!!
COYR COYR
FaceonaBus
says...
12:49pm Mon 18 May 09
COYR COYR
Bartonian
says...
12:55pm Mon 18 May 09
FaceonaBus wrote:If that's the case, could he do the next best thing and give it away?
Just heard via email that apparently MR FRY has stated that he does not believe he will be able to sell SFC, whats that all about that?? Has anyone else heard this statement??? COYR COYR
gkmeech
says...
12:57pm Mon 18 May 09
Invidia
says...
12:57pm Mon 18 May 09
FaceonaBus wrote:No
Just heard via email that apparently MR FRY has stated that he does not believe he will be able to sell SFC, whats that all about that?? Has anyone else heard this statement??? COYR COYR
Bassett Boy
says...
1:07pm Mon 18 May 09
Still, even that is preferable than Roops BUYING the club, we'd never ever be able to get rid of him then!
Patrick80's
says...
1:08pm Mon 18 May 09
SW: Word-Acid
Bright Spark
says...
1:10pm Mon 18 May 09
gkmeech wrote:I saw him at the pitch and putt in Woodmill, he double bogeyed the par 3 fifth.
Why was Jack Nicklaus in town last week? Yes .. it is a fact, he was in town ... stayed for about 8 hours.
dannyfloyd
says...
1:15pm Mon 18 May 09
Southampton sale 'unlikely'- Fry
Fry says the Pinnacle consortium has not yet delivered what it promised
The administrators in charge of Southampton say finding a buyer for the club now looks "unlikely".
Mark Fry of administrator Begbies Traynor told BBC Radio Solent: "It's very unlikely a transaction will be completed."
The Pinnacle consortium, backed by Saints legend Matt Le Tissier, has had its deadline extended until late on Monday afternoon.
"They haven't delivered what they said ," Fry added.
Pinnacle managing director Tony Lynam remains optimistic, however.
"I'm still working on it and if I wasn't confident, I think I would have packed my bags by now. But I'm pretty sure there will be a bid fairly shortly," he said.
Other parties are understood to be in the running to rescue the ailing club, which has just been relegated from the Championship.
PUP
says...
1:20pm Mon 18 May 09
doogle1983
says...
1:23pm Mon 18 May 09
For godsake sort out the club and lets get moving forwards or not at all.
Saints No 1 Fan
says...
1:24pm Mon 18 May 09
Sad sad day.
saint Compo
says...
1:26pm Mon 18 May 09
I suspect that a 'foreign' buyer would have more funds to invest in the club following a takeover than the Guernsey people. That said, the administrator's legal duty is to get the best deal for the PLC, regardless of how much money is subsequently available to invest in the football club.
The delay is worrying because there are bills to pay (wages, VAT etc) and there's a serious risk that players will have to be sold (at firesale prices) not just to raise cash but because they will be anxiously looking to their futures.
Once a preferred bidder is chosen, it will take another 2 weeks to get the approval of the PLC's creditors. I can't see that the preferred bidder would put in any money until the creditors'approval is obtained.
If there is any default by the football club in paying any of its debts, will there be an additional points deduction imposed by the Football League?
Tempus fugit. O me miserum.
COYR
St Retford
says...
1:26pm Mon 18 May 09
tauntonsaint
says...
1:29pm Mon 18 May 09
Theyr'e all wearing black capes, top hats and have long moustaches which they keep stroking in a mysterious fashion :-)
No, really!
allsaintsnocurves
says...
1:30pm Mon 18 May 09
I personally would like to see Pinnacle pool their resources with the overseas investors! I can see the takeover going through otherwise...but I would expect it will then be revealed that there is little money in the transfer market until players are sold!
The more last minute that this takeover is though and the better the deal the investors will get for the club...and therefore, the more money that we can use for the team!
SomersetSaint
says...
1:32pm Mon 18 May 09
PUP wrote:Tw@t!!
Lets face it, with the excpected attendance next season you might as well sell the training ground and stadium and play at Eastleigh
jezza
says...
1:39pm Mon 18 May 09
Still, I suppose they won't be the first Saints owners not to have a scooby-doo!!
tmk saints
says...
1:41pm Mon 18 May 09
FaceonaBus
says...
1:56pm Mon 18 May 09
Security words debt-less !!
COYR COYR
True Saints Fan
says...
2:03pm Mon 18 May 09
Invidia
says...
2:18pm Mon 18 May 09
True Saints Fan wrote:Yeah, and watch out for low flying pigs
I work in the media in London and I've been hearing "very strong rumors" apparently that Saints are to Merge with Pompey.. Pompey are interested in the far superior facilities that Sanits have and are thought to be considering a deal that effectively destroys Saints forever..
Linesman
says...
2:20pm Mon 18 May 09
True Saints Fan wrote:That makes excellent business sense!
I work in the media in London and I've been hearing "very strong rumors" apparently that Saints are to Merge with Pompey.. Pompey are interested in the far superior facilities that Sanits have and are thought to be considering a deal that effectively destroys Saints forever..
Pompey fans would not travel to Southampton and Southampton fans would not support Pompey playing at St Marys.
Net result?
Another club in administration, faster than it took Saints.
dannyfloyd
says...
2:48pm Mon 18 May 09
Linesman wrote:if it were sheffield or bristol etc i could believe it but really, don't be an idiot. these comments are just mental. and we'll call the team what? South Hampshire FC? i'm hearing a strong buzzing sound in my ear... these windows taste good... i've been trying for thirty eight minutes to lick my own ear. now i'm just dizzy. just spoke to elvis and he says he'd buy it if only he were a. alive and b. able to leave the US.
True Saints Fan wrote: I work in the media in London and I've been hearing "very strong rumors" apparently that Saints are to Merge with Pompey.. Pompey are interested in the far superior facilities that Sanits have and are thought to be considering a deal that effectively destroys Saints forever..That makes excellent business sense! Pompey fans would not travel to Southampton and Southampton fans would not support Pompey playing at St Marys. Net result? Another club in administration, faster than it took Saints.
lemsip
says...
2:52pm Mon 18 May 09
True Saints Fan wrote:We'll considering that they are in about 30 mill in debt i dont see how that would benefit anyonee!!!
I work in the media in London and I've been hearing "very strong rumors" apparently that Saints are to Merge with Pompey.. Pompey are interested in the far superior facilities that Sanits have and are thought to be considering a deal that effectively destroys Saints forever..
Bright Spark
says...
3:05pm Mon 18 May 09
1:26pm Mon 18 May 09
"Tempus fugit. O me miserum"
Time fugitive O me wrethed?
What are you talking about man? Conjugate the verb.
Invidia
says...
3:11pm Mon 18 May 09
Bright Spark wrote:Is it not "wretched"
saint Compo, Winchester says... 1:26pm Mon 18 May 09 "Tempus fugit. O me miserum" Time fugitive O me wrethed? What are you talking about man? Conjugate the verb.
tauntonsaint
says...
3:14pm Mon 18 May 09
Est it nottus?
Marvellentus in maximus est
Ronus Managerus
Glen Wiffen
says...
3:16pm Mon 18 May 09
Wake me up when the nightmare is finaly over. I see headlines and deadlines, the players will go never the less if their future is uncertain, SORT IT OUT NOW!!!!
captain_fantastic
says...
3:45pm Mon 18 May 09
Why else did he go to the forest match...
security word : much-trip
colesey1
says...
4:00pm Mon 18 May 09
Captain Swing
says...
4:17pm Mon 18 May 09
The joke's on us!
Anyone out there laughing?
FaceonaBus
says...
4:18pm Mon 18 May 09
lemsip wrote:where is your carer TRUE saints fan. Should you be allowed out on your own. Make sure theres no sharp edges on the keyboard.
True Saints Fan wrote:We'll considering that they are in about 30 mill in debt i dont see how that would benefit anyonee!!!
I work in the media in London and I've been hearing "very strong rumors" apparently that Saints are to Merge with Pompey.. Pompey are interested in the far superior facilities that Sanits have and are thought to be considering a deal that effectively destroys Saints forever..
DO YOU REALLY THINK EITHER TOWN WOULD LET THAT HAPPEN.
COYR COYR
Invidia
says...
4:27pm Mon 18 May 09
Captain Swing wrote:I have looked back in the archives and can find no such quotes. your making it up you little tinker!!!
Remember the good old days, about this time in 2006, when it seemed everyone of any significance localy was being quoted, prominently, in the Echo as saying that as soon as Rupert left there would be queus forming to chuck massive sums money at the club? The joke's on us! Anyone out there laughing?
Patrick80's
says...
5:12pm Mon 18 May 09
SW: city-wait, Rather adapt
Saint Rob
says...
5:21pm Mon 18 May 09
saint Compo
says...
5:54pm Mon 18 May 09
Saint Rob wrote:Perhaps he's just got bad breath!
If Souness and Joorabchian are 2 buy the club, doesn't Joorachian own the rights 2 Carlos Tevez? As is future at Manchester United looks like not happening, maybe he will join Saints lmao. Jokes aside...watched the Man United vs. arsenal match on Saturday and they show pictures of Joorabchian and he was on the phone with his hand over his mouth, maybe he was in talks with Mr.Fry
Captain Swing
says...
6:20pm Mon 18 May 09
Invidia wrote:Invicta, you couldn’t research your way to the Newspaper House Library (which is probably a qualification to give you Simon Carter’s job), but if you check out the Echo’s Saints’ content from February 2003 onwards you will find that there is an editorial trend that strongly and incessantly suggests that all aspects of Rupert’s judgements were, at the very least, questionable. These suggestions, backed up – often hysterically – by “readers” letters continued non-stop until Michael Wilde’s rapturous reception to the chairmanship. Remember good old Mike Osman at St Mary’s for the first match of the 2003-04 season? “Thank you! Thank you Michael Wilde, for giving us back our football club!” Cue standing ovation.
Captain Swing wrote: Remember the good old days, about this time in 2006, when it seemed everyone of any significance localy was being quoted, prominently, in the Echo as saying that as soon as Rupert left there would be queus forming to chuck massive sums money at the club? The joke's on us! Anyone out there laughing?I have looked back in the archives and can find no such quotes. your making it up you little tinker!!!
If you are looking for evidence of my claim, check out the back page of the 23 June, 2006, edition, beneath the bold headline “GAVYN: I’M BACKING WILDE” Under which it is stated: “The multi-millionaire former BBC chairman , a lifelong Saints supporter with a personal fortune of at least £100m, leaves open the tantalising prospect of him investing in the club if Rupert Lowe loses his grip on power at St Mary’s.” and so on.
These sentiments were supported by countless thou- well, handfuls of those “in the know”, such as Lawrie McMenemy, Mary Corbett, Lawrie McMenemy, Keith Wiseman, Lawrie McMenemy . . . Need I go on? The point is, the Echo was conned by a very pricey public relations campaign, and the Echo conned its readers. As a result, we are going to be very lucky to have a football club to support next season (quite possibly for some time) because of gullible morons like you Invidia.
Still, no more Rupert! Happy?
UTS
says...
7:55pm Mon 18 May 09
It all just sounds like bouncing PR to scare those that are sat around the table.
Invidia
says...
10:29pm Mon 18 May 09
Captain Swing wrote:My, My who's a clever boy then, it must be tiresome being such a clever DICK, you must be proud of yourself when you are looking in the mirror
Invidia wrote:Invicta, you couldn’t research your way to the Newspaper House Library (which is probably a qualification to give you Simon Carter’s job), but if you check out the Echo’s Saints’ content from February 2003 onwards you will find that there is an editorial trend that strongly and incessantly suggests that all aspects of Rupert’s judgements were, at the very least, questionable. These suggestions, backed up – often hysterically – by “readers” letters continued non-stop until Michael Wilde’s rapturous reception to the chairmanship. Remember good old Mike Osman at St Mary’s for the first match of the 2003-04 season? “Thank you! Thank you Michael Wilde, for giving us back our football club!” Cue standing ovation. If you are looking for evidence of my claim, check out the back page of the 23 June, 2006, edition, beneath the bold headline “GAVYN: I’M BACKING WILDE” Under which it is stated: “The multi-millionaire former BBC chairman , a lifelong Saints supporter with a personal fortune of at least £100m, leaves open the tantalising prospect of him investing in the club if Rupert Lowe loses his grip on power at St Mary’s.” and so on. These sentiments were supported by countless thou- well, handfuls of those “in the know”, such as Lawrie McMenemy, Mary Corbett, Lawrie McMenemy, Keith Wiseman, Lawrie McMenemy . . . Need I go on? The point is, the Echo was conned by a very pricey public relations campaign, and the Echo conned its readers. As a result, we are going to be very lucky to have a football club to support next season (quite possibly for some time) because of gullible morons like you Invidia. Still, no more Rupert! Happy?Captain Swing wrote: Remember the good old days, about this time in 2006, when it seemed everyone of any significance localy was being quoted, prominently, in the Echo as saying that as soon as Rupert left there would be queus forming to chuck massive sums money at the club? The joke's on us! Anyone out there laughing?I have looked back in the archives and can find no such quotes. your making it up you little tinker!!!
SW nobed
F Fan
says...
10:55pm Mon 18 May 09
Invidia wrote:Oh dear, Invida - sometimes you do let yourself down. You chanced your hand and s/he called your bluff nicely - take it like a man.
Captain Swing wrote:My, My who's a clever boy then, it must be tiresome being such a clever DICK, you must be proud of yourself when you are looking in the mirror
Invidia wrote:Invicta, you couldn’t research your way to the Newspaper House Library (which is probably a qualification to give you Simon Carter’s job), but if you check out the Echo’s Saints’ content from February 2003 onwards you will find that there is an editorial trend that strongly and incessantly suggests that all aspects of Rupert’s judgements were, at the very least, questionable. These suggestions, backed up – often hysterically – by “readers” letters continued non-stop until Michael Wilde’s rapturous reception to the chairmanship. Remember good old Mike Osman at St Mary’s for the first match of the 2003-04 season? “Thank you! Thank you Michael Wilde, for giving us back our football club!” Cue standing ovation. If you are looking for evidence of my claim, check out the back page of the 23 June, 2006, edition, beneath the bold headline “GAVYN: I’M BACKING WILDE” Under which it is stated: “The multi-millionaire former BBC chairman , a lifelong Saints supporter with a personal fortune of at least £100m, leaves open the tantalising prospect of him investing in the club if Rupert Lowe loses his grip on power at St Mary’s.” and so on. These sentiments were supported by countless thou- well, handfuls of those “in the know”, such as Lawrie McMenemy, Mary Corbett, Lawrie McMenemy, Keith Wiseman, Lawrie McMenemy . . . Need I go on? The point is, the Echo was conned by a very pricey public relations campaign, and the Echo conned its readers. As a result, we are going to be very lucky to have a football club to support next season (quite possibly for some time) because of gullible morons like you Invidia. Still, no more Rupert! Happy?Captain Swing wrote: Remember the good old days, about this time in 2006, when it seemed everyone of any significance localy was being quoted, prominently, in the Echo as saying that as soon as Rupert left there would be queus forming to chuck massive sums money at the club? The joke's on us! Anyone out there laughing?I have looked back in the archives and can find no such quotes. your making it up you little tinker!!!
SW nobed
Invidia
says...
7:48am Tue 19 May 09
Invidia
says...
7:50am Tue 19 May 09
Red & White Never Blue
says...
11:46am Tue 19 May 09
PUP wrote:We can't play at Eastleigh you skate tw*t. You're forgetting that your shower of sh*t train there as you haven't even got a training ground. As for attendances you're having a laugh. You can't even fill that sh*t hole of a ground in sh*t city that isn't fit enough for the Hampshire League let alone the Championship where you'll be after next season. See you there you F***ing Pr**k. Quite clever though aren't you for a baby dog.
Lets face it, with the excpected attendance next season you might as well sell the training ground and stadium and play at Eastleigh
Redhat
says...
12:15pm Tue 19 May 09
PUP wrote:thing is,even in league one...we'll still get more than your shed gets!!
Lets face it, with the excpected attendance next season you might as well sell the training ground and stadium and play at Eastleigh
derek james
says...
12:22pm Tue 19 May 09
BertCatt
says...
12:36am Wed 20 May 09
Security word lose-past, sounds like a good idea, especially if we lose the Prince of Darkness!
kinkyboots70 says...
12:12pm Mon 18 May 09