dubai_phil

And to think I got sniped at when I pointed out that the Administrators primary role is to earn fees :-) Let me restate that - the Administrators primary role is to say YES ANOTHER SUCKER BITES THE DUST In a nice and professional and legal manner of course 500k is what we could expect for Lallana in a fire sale - hmm we'll enjoy seeing him succeed (IF) in the future then

Seriously?? - you?? honestly??? Is it true that you're rumoured to be putting together a consortium with him? OK then I'll bite Contract Negotiations Manager reporting TO the Director of Football The DoF instructs who he wants to buy or who the club has been made an offer for. He details the budget and tells Lowe to get on with it... At least in THAT area - such as the sell-on clauses, he has a better than "poor" batting average. He may possibly be allowed out into other critical negotiation areas where a win for the club is critical, but in anything that involves personal relationships or politics like planning permission for JF - no way But in reality........ You already knew the real answer, although FWIW once he stops vommitting ego all over the media and actually starts to tell the juicy stuff with facts and figures he may come out of it in a better light, but by that time we'll have moved on and won't give a fook

I don't believe a thing ANYONE posts - FACT :cool: But that doesn't stop me reading stuff and using my (somewhat addled) brain to think. Just the sudden thought - "we could have been in admin before Xmas" made me think "I wonder if we might have found 35 bidders then?" "Would any of those have been real? What were the chances then or hey even back in May at the time of the coup" "If we'd popped back then even without the FL decision, could new owners have made a difference so we avoided releagtion or even overcame a 10 point deduction" So I'm a Believer is purely for karaoke nights not here, & I wasn't "If Onlying" more going hmmm - IF we get out of this, maybe it would have been better earlier...

Problem with that is Crouch will not pick up the pieces. If no bidder comes in for "everything" that allows the Administrator to give an offer to the creditors, then as I understand it in simple terms the club folds, player registrations are cancelled and we simply vanish from the records of the CCC this year. If Crouch honestly thinks he could pick up the pieces for 50k or even his magical 2million the I think all he would be getting is a dead parrot As I have said I wanted all the old guard gone, but if Crouch thought this was a viable strategy then jeez, he was even worse than I thought in terms of reality. (But obviously not as bad as RL & MW to stop arguments!)

Which brings us back to sqaure one. It is irrelevant whether we "like" a bidder or even a member of a consortium. As the anti-admin brigade tried to point out, once it happens, everything changes, it comes down to the DEAL. If a dodgy arms dealer, a not indicted but rumoured human trafficker, or even an allegedly corrupt politician (Mrs Smith) or even tank top wearing lawyers can come forward WITH THE BEST PACKAGE AND THE MONEY, nobody EXCEPT the creditors can make any decision except acceptance. Right now it is all about SHOW ME THE MONEY One thing though IS for sure, if Fry has his wits about him then he will have EVERYBODY tied up by NDA's so we won't know anything until the deal is all but done

but that doesn't preclude their mates of course........... maybe

Absolutely agree with this last piece UNLESS the choice is a continuation of the nightmare vs total extinction In which case they have to be given support. My analysis on this - some of the "hangers on" types thought they had this all worked out and are now scared sh*tless that a big gamble may be about to blow up in their faces because so many possible bidders have popped out the woodwork

They did not inflate the share price - that's actually pretty sort of illegal The MARKET dictated the share price.. The total COST of buying the club prior to admin was an issue as I tried to explain, that cost reflects the financial position of the club and that was down to all parties at differing points in time as we have discussed to death However yes, the politics at the club were (allegedly) responsible for at least one potential bid not moving forwards, but that was at the time of the execs, and everyone held a part of that blame

Here's a way to look at the argument about attendance that needs a good googler Go back to the Dell with the old cheap prices and PRE-all seater stadium rules During Branfoot's reign the football was awful - how did that affect attendances? Were those who went Branfoot supporters? During Merrington's reign when we lost a lot, did we have 30 odd thousand every week? When we were relegated, in our first season when we struggled were the attendances higher or lower than the season we were promoted? Attendances are affected by MANY factors, but as most of my mates back home keep telling me - It's sh*te football and permanently losing at home that makes them decide (horror of horrors) to go do the shopping instead or even play footie again on a Saturday afternoon

Was trying to avoid the blame game that always starts. Admin is a desperately dangerous time, and we don't know if it will be a success - so of course page 1 of management books is about minimizing but taking risks But with so much interest NOW???? Oh and Alps - fair point BUT, let's try the Admin earlier may inadvertently have been better for Southampton Football Club by bringing in new blood and investors and giving us a better chance of staying the CCC As opposed to "Admin to get rid of Lowe" at any cost Similar but not quite the same

Conspiracists know it is because Lowe refused to sell at any price of course Alternatively from the 2008 Accounts about 28 million of debt (assets not particularly tangible or disposable ) shares at say 25p a pop even without any premium = 7mil just posted a loss of over 10 million in 2008 before player trading no squad players left worth much or wanted because of their wages so 35mil before you even START to try and reduce the "Opex" So it was not actually a very good deal at that time, but with Admin, as we have been learning, that whole 35mil liability has come crashing down to levels that people could afford to manage

That was included in his planning as soon as he started to talk to MW if not even before, which would have been well before February last year. Perhaps I should have said a "inadvertent consequence" of avoiding admin in May resulted in a worse situation now...

Yep I was only thinking back, not particularly "wishing" back And the Cardiff game was one example that sprang to mind of "wasted points" - obviously that is very subjective as to whether it would have happened with (for eg) Fergie in charge Many here still are :cool: but my point being that at a "much reduced cost" in admin - ie without the share cost at that time - maybe people would have come in and bought us then and they MAY have had time to save us But not SO shaky in May and let's face it maybe we wouldn't have had JP...

Been reading and analysing lots of opinions and hints the last few days and something that 19C said (in an unrelated way) made me wonder if Lowe inadvertently made the biggest mistake of all. "The club was heading for financial meltdown when he and Wilde returned" is something I recall being said ages ago "It would not have lasted until Christmas" was 19C these comments made me think Lowe gambled with our season in a desperate attempt to stave off Administration (ie save shareholder value but also protect the "clubs" assets) I expect the actual accounts to show that he did a good job on this (but obviously not good enough for Barclays) BUT, with 34 enquiries now received, possibly 3 or 4 of them serious, can it not now be argued that while still INCREDIBLY dangerous for our long term survival, MAYBE just maybe we should have taken admin BEFORE Christmas or EVEN back in May. Think back to May, Lehman Bros had not happened, people were more inclined to still do "deals". Maybe the CLUB could have started the season on -10 points but still had the semblance of a squad and MANAGER and new owners that could have scraped survival. Even around September when Barclays are said to have cut the O/D, there was still some money around, still time to rescue a season even WITH 10 points penalty. But today? Well if we can get 34 people in THIS environment..... Maybe a proper manager could have got more out of the team - how many times did JP drop points with wrong selections that even he admitted blame for... So no this isn't a new go at Lowe, I think the financial facts will eventually show he came close to performing a miracle of recovery in our finances (IF ONLY HE HAD STAYED AWAY FROM THE FOOTBALL SIDE), but I think one of the unforeseen events of his return was to actually hasten our demise anyway something different to argue about during the "takeover phoney war" quiet period

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Good to see Dubai businesses responding so positively to the adverse press of late. Clearly they are taking every step they can to provide emergency shelter & accomodation for the poor unfortunate construction workers.............

Luckily, as most small shareholders are also registered on the SMS database and at some point have made purchases using credit cards, you can all rest assured that if the administrator is unsuccessful in finding a buyer he can happily max out your credit cards to pay off Barclays without any of you needing to worry about pressing any buttons Oh don't worry, it won't happen before a Friday allegedly

beware the evil web cam or those nasty Chinese super spy hacker types unfortunately the only data I have hacked so far have been LeGodThird Coming's Skype contacts in Lativa... hmmm may be busy for a few nights:rolleyes:

Damn, thought I'd got away with it. Got my man in his taxi down to SMS and took the whole proof of funds to a new level and took cash. Unfortunately, it seems that the phrase "proving funds of more than 15 mil" (according to Trousers) wasn't quite correct Seems that showing that me & EoA had 15 mil Vietnamese Dong wasn't quite what they were looking for (with thanks to Topgear of course) it's about 573 quid......

I heard tonight that after the CL game, Steven Gerrard was SO disgusted with the lack of any fizz in the Liverpool performance that he has ripped up his contract and is coming to SMS tomorrow heading up a consortium along with Torres & Carragher to buy the club, install Klinsman as manager and the 3 of them will enjoy a stress free existence playing for fun in L1 next season and are aiming for UEFA cup qualification in 2013 when Carragher will have his UEFA A managers badge and will take over from Jurgen who will become DoF (Is this what you had in mind?)

Actually....... That would make a good start for part 2 of a book if the full story ever comes out The King is Dead, Long Live the King if we aren't very careful (as in is there actually a football club chairman who doesn't get any stick?)

A billionaire HTH Mind you if you have a pet one on a string he better REALLY hurry up

Not necessarily true... Remember the Administrator's TOTAL legal role is to get the best deal for the CREDITORS. The more money he gets to pay off the likes of Aviva from any consortium, then the better he has done and the happier Aviva are. Unfortunately this means that the cost of acquiring SFC Ltd has increased for the buyers. The magic ROI line means the more somebody pays the more they will EXPECT back. NONE of the people in that list of 31 will be a registered charity, they will all be successful capitalists. Whether that means higher ticket prices, higher Saints Store Prices, higher Saintstv subscriptions, that comes from somewhere. They will of course laready have factored in the likelihood of footballing success on attendance income so that extra money has to come from somewhere else. How do they get their money back - it will go in dividends which is the fans chief (not simply being a tw*t) argument against the whole Lowe era. More money to the creditors, less for the team or for running costs and the more they would expect back - QED - lots of people bidding = bidding war = survival but at what price?

NDA's no doubt

It is never that easy, depending on the nature of the employer, most actually retain your passport when you arrive so until you resign and have your visa cancelled you have no passport. End of. Interesting article, but it misses out on one critical point - that woman in the Range Rover is typical of the past 4 or 5 years. People landed in this country and simply did not understand that it was DIFFERENT from the west. I spent nearly all my Multi-National career trying to tell Euro idiots that this place was different. People would come here and because "you guys" had been so brain-washed by the whole "property = profit" lifestyle they simply looked at property, compared the cost per metre and woosh bought stuff. No of course they never used lawyers, never looked at the small print, they ignored the local long term expats who told them IT IS DIFFERENT BE CAREFUL, IT IS NOT WHAT IT SEEMS. Jeez even IF you get a freehold title to a property you do not OWN or have any RIGHTS on the LAND so the landowner can simply decide to demolish your property to build a new road. WHY DIDN'T YOU IDIOTS LISTEN! That woman is an example of why the city has become like it is - buying more than one property maxing out on debt, they ignored all the conventional wisdom. The whole thing was driven by GREED, and the more greedy property buyers that "wanted a piece of the action" the more the city infrastructure bursts at the seams. For 4 years we had these arrogant Rupert types telling us that we were idiots, why haven't you bought yet? We own 6 places now, we just flipped an off-plan for 50k profit and bought a whole floor in a tower block. They flaunted their non-wealth in our faces and now they are up to their necks in the sh*t. They didn't listen, their greed created the ludicrous demand to sell more and more property and many of the problems and now they all moan about it and are developing a conscience. Most of the regulars here think - tough sh8t and good riddance a%5holes - why? because we spent 5 or more years telling these people it was WRONG and that they should NOT do it and oh how they mocked us.... You look back at the original plans and concepts for the developments and every single one has ended up with construction at quadruple the original planned density, planning regs design regs all ignored in the rush to get more towers up and top end villas. EVERYTHING that has been built in the past years is about LUXURY EXECUTIVE living. They even started demolishing the places where the workers lived but expected people earning 11,000 pound a year to move into 10,000 pound a year flats... It isn't just about the lack of care or implementing the rules, the westerners and especially the "property is God" brain washed Brits have as much to answer for THEY demanded more and more chances to make a profit, faster build times for off plan and lower Primark style build costs. Far as we're concerned - that poor woman - WE TRIED TO TELL YOU SO YOU STUPID FOOL