bridge too far

Well, since it appears that there is going to be a crack-down on hedge funds (by the G20) and hedge funds make as much money by 'betting' on failures as by investing in success, I'm of the view that we were probably best to have turned them down. In any event, I still think we were being used as a lever to pressurise Coventry.

From the report in the Echo: "Shortly before this, Saints chairman Michael Wilde, chief executive Rupert Lowe and director Andrew Cowen formally resigned from the boardrooms of both SLH and the football club and walked away from the business"

I don't understand :confused: We've been told and it's been quoted that RL MW and AC have resigned as Directors of the Football Club as well as SLH, leaving only D Jones as a director of both the FC and SLH. So why refer to 'directorS'? Or is he referring to Directors of all the other tinpot little subsidiaries of SLH?

This is from Wiki. I know it's out of date because some of the bits have been sold off (the bits in red) but surely some of the other bits are still part of the parent company? The wholly owned subsidiary companies of Southampton Leisure Holdings PLC are: Southampton Football Club Ltd St. Mary's Stadium Ltd St. Mary's SPV Ltd Southampton Insurance Services Ltd Southampton Mortgage & Financial Centre Ltd Saints Supporters Club Ltd Southampton Swaylife Ltd Secure Retirement Ltd Dell Estates Ltd St Michael's Street Homes (No. 1) Ltd Stadium 2000 Ltd Felix Broadcasting Ltd South City FM Ltd Forest FM Ltd

IIRC the option expires EARLY this month.

Oh I think we've all learned a huge amount about all sorts of things we would never have otherwise bothered our pretty little heads about: oil gas hedge funds administration pre-packs contamination planning permission stock market I've wasted two years of my life on all the shenanigans about takeovers etc. but boy, have I learned stuff

Of whom 3 have reportedly resigned. Leaving Dave Jones as sole director of both boards it would seem.

Here is the (now out of date) list of directors of both SLH and the Football Club http://www.saintsfc.co.uk/index.php?page_id=8875

I wonder if anyone will buy Jackson's Farm?

No reason that I can think of why the LSE should report resignations from the club. It's SLH that's listed and that's gone into administration - not the club.

See Press Conference thread. HTH

Words of a spoilt little boy who's had his train set taken away, methinks. Or rather, me hopes!

And the OX one too, I'll have you know

Trousers, I'd always assumed (although I never did the maths) that the share price was multiplied by the number of shares in circulation to give the market cap price. As the LSE is currently showing NO price for the shares, maybe they're just plucking an arbitrary figure from the air :smt102

Stuff posted on the LSE website is usually delayed by about 15 minutes too. Sooooooo............. Any minute now............. (or later, or tomorrow, or next year - whatever)

I think there are a number of reasons why it won't be sold for redevelopment. I don't KNOW this but past experience tells me: a) there may well be some sort of planning restriction / covenant on the use of the land. The City Council might not want to relax any such restrictions because of the bad PR b) as the stadium is built on former gasworks, there's a very good chance that the land is contaminated. The cost of remediation would be huge. I do know this as I was involved in a project to turn former gasworks (elsewhere) into hospital car parking. The remediation costs made the scheme unviable. Fighting Planning restrictions and remediation costs would add significantly to the cost of the land and, in uncertain housebuilding times, I think most developers would look and then walk on.

I do know that if a subsidiary goes bust, the parent company is liable for debts incurred. But I don't know if it applies the other way around.

Perhaps the emphasis was wrong They were listing all the reasons why we WOULDN'T be attractive to investors and then said that, if anyone wanted to buy us, it would be most likely a local consortium as football is such a cash hungry industry. They DIDN'T imply that there was such a consortium hovering in the wings, sadly

SSN also saying local consortium most likely to buy if anyone does.

If, apparently, the Football Club can be hived off then what's to stop other assets being hived off too?

I STILL reckon that somehow, some way, RL and MW will find a way to 'buy' Jacksons Farm and other such assets out of this. I don't trust them any further than I could throw them (and I'm a weak girlie )

You can bet your bottom dollar that if they have something up their sleeves, RL will come up smelling of roses

If 'certain people' engineered a pre-pack, I don't think they'd care one jot about a 10 point deduction. As long as they held on to the assets they were really interested in(maybe development land - who knows). You MAY call me cynical.

BBC South Today just reporting that value is 2.8m and that there may be a board meeting tomorrow. Mentioning the cheap tickets for the Charlton match.

He is very lovely, Stanley. I'll agree with you on that one point.