Doctoroncall

so the echo is just the media front to the sticky on here? We just wait for your word "go" for things to start moving into place.

Which ever team gets relegated from the prem this season will be hot favourites: There is an interesting correlation between relegation from the top flight and going into administration a few years later. Examples are (relegation year followed by administration year): Middlesbrough (1985/1988 ); Crystal Palace (1998/1998 ); QPR (1996/2000); Bradford City (2001/2001); Leicester City and Ipswich Town (2002/2002); Wimbledon (2000/2002); Derby County (2002/2003); Leeds United (2004/2006); Southampton (2005/2009). Southampton is not the only club to have debts of £30m plus as five others were in that category, including Leicester City which also had a new stadium to fund and debts of £40m, as did Derby County (£33m).

There was 22K for the game around Easter last year (against Cov) for a comparison.

not really, the points could still apply next season. This is where Alpine is right about a slow process... having a urgent agenda item on the next meeting (glad it was so soon) to come up with an independant forensic investigation of the accounts. That surely was a given and didn't need a committee to decide!

A Norwich director (Mr Doncaster) is one of the panel to decide. He's also a solicitor.

Possibly having so much debt written off is IMO the reason for so many interested parties. Mark Fry has quite a job to evaluate each group and what they have to offer, which maybe complicated with any decision from the FL today.

So tell us what's involved and why it shouldn't take so long?

Stuart Baxter or Jim Gannon...

This is a good website for this type of issue to see what state the club and others are in: http://www.footballeconomy.com/ "Wealthy Saints fans have offered cash to help the club remain afloat, but the total debts of an estimated £30m are beyond most of them. The last three remaining home games also represent an opportunity to replenish the club's funds."

I can't remember where I saw it (maybe the Times) but a drop to league 1 will cost a CCC club £2.5m in lost TV revenue. Add the EPL handout reduces from a £1m+ to about £250k, League 1 football will be very costly.

Three years searching for an investor without success, that's the worrying part for me. We now have about three weeks to find one, at least the shareholders will not get in the way if there is interest.

Maybe a bit late unless you can get things organised in 23 days, but count me in.

plc

Hopefully a fan will buy it and give it back to the club so that when it does maximise it's value, the club will benefit as first intended... but I'm not holding my breathe on it!

Quack Quack!

So nothing to do with Leeds then.

I think you'll be alone on that as Krasner was generally thought good at stabilising the huge debt and out goings, or where you expecting a miracle?

different circumstances as Leeds football club went into administration and the biggest creditor back Bates rather than the best price offered (two other bids were higher). Obvioulsy shady dealings going on! With Saints, it should be best offer wins the race for the club. Conceivable as the debt is with the plc, some could be written-off, others renegotiated. If the FL do not like the deal, it'll be a 10 pt penalty. If that is imposed then: survive relegation, if 10 pts will see us back in the bottom three, we go down. finish in the bottom three, 10pt deduction next season in lg 1 somehow survive and 10pts above relegation zone, start -10 in CCC next season.

Shareholders get nothing (me being one of them ). if club is bought with the debt, no points deduction (no rules have been broken). depends on the creditors (ken bates).

It is indeed the FL rules and regulations we abide by. The plc is like an isa, a wrapper for all the investments to be held in one account. Should one fund got tits up then the other funds are secure. The FL in their wisdom didn't want a football club to go into administration based on other businesses connected to it folding, hence holding company status. The only way to guarantee no points deduction is if an investor takes on all the debt, may even get away with slightly less (90%) but that then introduces a risk.

It is, I'd just like to point out that towards the end of our EPL years, he was one of the highest earning chairman in the premiership which includes, Man Utd, Liverpool, Chelsea, Arsenal, Spurs...

Yes, he should have a second stint at that as well... and I expect he would crash and burn at that again.

Not that I'm aware of, but I'm sure there would be some discussion for consistency. The EPL is awash with money so the chances of a club going into administration is rather remote. Man Utd have huge debt but as a going concern it made £80m last financial year. I doubt Lowe has any influence in the FA anymore. It's been four years since he was on the committee and any sub-committees.

Especially as it's the Football League not the FA that impose the rules and penalties.

I would check the piece in bold! Bates had the major creditor in his pocket, there were other bids that were higher. I thing the hatred for Lowe is balance with the love that some have shown him on here, however, there are those and I would hope the majority that realise Lowe wasn't a great chairman, certainly not worthy of one of the top salaries in the EPL. He lost the sole objective of keeping the Saints in the EPL (needed to pay for the stadium) by being side tracked on other schemes.