trousers

I'm on your side in principle, but can you imagine the uproar if Lowe had taken the VA path last week and then we proceeded to win enough games that would have kept us up and solvent?

Share price down 13.04% already today....

We're not allowed to go into voluntary administration if we're still a 'going concern'....

A Wilde discovery from the Channel Islands. Since when did good players come from there....? [racks brain....]

Out of curiosity, how much money would Crouch have in his pocket if he sold off his other company(s) ?

SLH share price closed down 11.54% today. Last trade @ 10p (In other news.... WH Ireland Share Price down 15.25% to 50p)

So, given that we'll be shaagged financially one way or another if/when we go down, wouldn't the 'best' thing to do now be to blow caution to the wind and recall all of our 'expensive' players and spend the money and be damned? What is there to lose? Either: (a) We stay up and use some of the new £4m TV money to pay back the extra we spent on the experiences players for the last 7 games or (b) We still end up being relegated but the money's gone so who cares?

c.8%

Aye. 4,000 @ 10.40p Cripes

Cheers for that research - interesting reading. As always, I'm more than happy for my "devil's advocate" theories to be proven wrong

Yep, I agree.

I'm glad I shop at posh Tory supermarkets in that case

This is probably a thought for a separate thread but given we will inevitably have to cut our cloth even thinner for next season, is there an ECONOMIC case for us playing in Division 1 next season where such an inexperienced team is more likely to win games than in the CCC which MAY attract more crowds than uus languishing at the foot of the CCC for yet another season? I know people will come back with "how can a true fan advocate relegation" but that's not what I want in my heart. But my head is thinking that we stand more chance of having a 'buoyant' season in Division 1 which may give us a better long term springboard to recovery? I just think we'd be better off being in a league that matches the level of cloth cutting. Would we get bigger crowds at the top of League 1 than at the bottom of the CCC? Just looking at it logically rather than emotionally.

Does that only apply to online shopping I wonder? As above, if I'm in an actual shop the onus would be on me to spot the BOGOF offer and take two boxes of cornflakes to the till.

Common sense says that they should have chucked in the additional items but I guess the onus is on you technically. An online store is a virtual shop, so if I took one box of cornflakes to the till at Sainsburs they wouldn't usher me back to the cornflake aisle to pick up another box. Harsh but probably fair, although, as I say, a little thought from the human being processing your order would have been nice.

Therein lies my problem....I know nothing, hence the daft theories. Am happy to be enlightened though.....

I wouldn't like to deny you the honour

So many witty retorts available to that one but, alas, too many lawyers

Here's a wacky theory... Perhaps, somewhat perversely, the 'credit crunch' has worked in SLH's favour? [Trousers enters 'thinking out loud' mode] Perhaps the likes of Barclays would have been more aggressive in calling in our debts in a more buoyant market but now there's a pressure on Banks (from the Government etc) to help keep companies on the brink afloat so that they (the banks) can be seen to be helping in repairing the foundations of the economy rather than undermining recovery? Of course, the above theorem (got the spelling right this time BTF! ) would only hold water if SLH's financial plight is more down to mis-management and/or 'on the field' bad luck than the credit crunch per se. So, here's raising a glass to Fred the Shred & co for saving SLH. In theory.

Would be interesting to compare SLH's graph with that of the AIM 'Leisure' sector as a whole.

Southampton dodge administration (for now) but dark clouds hover over football Posted By: Sam Green at Mar 26, 2009 at 21:38:54 [General] Great to see that the conspiracy theories did not become reality when Thursday's 5pm deadline passed without Southampton opting to go into administration in order to get the 10-point penalty out of the way before next season. Under Football League rules, any clubs who go into administration between now and end of the season and get relegated, will have their 10-point deduction applied at the start of next term. If they finish above the relegation line, 10 points will be deducted immediately and they may well go down. The rule was brought in to prevent the type of scams pulled by Leeds, who went into administration and accepted their 10-point deduction after realising they were doomed to demotion, thus starting the new season with a clean slate. Then there was Boston, who made a move of such shameless audacity that it would cause a banker to blush - they went into a Company Voluntary Agreement at half-time on the final day of the season as they were losing at Wrexham and knew the drop was inevitable. It had been suggested that Southampton, perhaps under pressure from their creditors or instruction from their bankers, might throw in the towel on this season, take the points hit, and start next season in a better financial position and on a level playing field. It can only be good news that they will be fighting for their survival on the field of sport, not in boardrooms or courts. Not that you will find many Saints fans jumping for joy at the moment. Many believe the club cannot progress under the present ownership and that administration at some point, plus relegation this season - and maybe even next - are inevitable. But the reality is that they are just two points below the dreaded dotted line, with a game in hand and more than a month of the season to play. And their striker, David McGoldrick, displayed a lovely show of confidence in the face of adversity this week, declaring that Southampton were "in the driving seat". Such youthful exuberance could prove crucial if the battered St Mary's bandwagon is not going to career off into oblivion. And Southampton are not the only club who should be shuddering. Far from it. League chairman Lord Mawhinney has warned that the effects of the recession are not yet being felt by clubs, because their current commercial deals were negotiated in the good times. Meanwhile, Wigan chairman Dave Whelan has predicted that a Premier League club will go under. So at least Southampton are not alone. And maybe they can take some comfort from the financial difficulties, although more modest, that are bubbling under at Portsmouth. http://blogs.telegraph.co.uk/samgreen/blog/2009/03/26/southampton_dodge_administration_for_now_but_dark_clouds_hover_over_football (Thanks to BGF for spotting this one)