trousers

What time? Am about to pop out for lunch - will I miss the announcement? Thanks

Exactly the sort of lateral thinking the club needs. (But would you be prepared to lose your £xxx if the mug smashed on the floor?) Surely someone 'in charge' at the moment can exercise the grey matter to get around this self-defeating conundrum with regards season tickets?

If it helped saved the club, who would buy a season ticket if they had to sign away their consumer rights to a refund if the club went under? Bear in mind that the actual sale of season tickets would render the consumer risk low so a 'win win' surely? Who would waive their consumer rights to save the club?

Good spot. Mods - please update to preserve the credibility of this thread. Thanks

See above

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2142413&source=RNS Regulatory Announcement Go to market news section Company W.H. Ireland Group PLC TIDM WHI Headline Re Suspension of Directors Released 07:15 24-Apr-09 Number 1006R07 /**/ RNS Number : 1006R W.H. Ireland Group PLC 24 April 2009 WH Ireland Group plc Suspension of Directors The Board of WH Ireland Group plc (the "Group") announces that, following a board meeting held on 23 April 2009, two directors, Laurie Beevers and David Youngman, have been suspended as employees with immediate effect. The decision of the directors (excluding Messrs. Beevers and Youngman) was unanimous. The Board has also been informed by Laurie Beevers and David Youngman that they will not be voting in favour of certain of the resolutions at the Annual General Meeting of the Group to be held on 29 April 2009. These are Resolutions 4, 6, 7 and 9 for the re-election of Rupert Lowe, Richard Ford, Nigel Gurney and Roland Rudd as directors of WH Ireland Group plc and Resolution 12. Enquiries: WH Ireland Tel: 0161 832 6644 Rupert Lowe Richard Ford Oriel Securities Tel: 020 7710 7600 Tom Durie Biddicks (Financial PR) Tel: 020 7448 1000 This information is provided by RNS The company news service from the London Stock Exchange END

If it helped saved the club, who would buy a season ticket if they had to sign away their consumer rights to a refund if the club went under? Bear in mind that the actual sale of season tickets would render the consumer risk low so a 'win win' surely? Who would waive their consumer rights to save the club?

Get everyone who buys a season ticket to agree to terms and conditions that waives this consumer protection? i.e. shift the risk to the consumer in this case. Isn't this consumer protection law a self-defeating constraint? i.e. Club needs guaranteed income to stay afloat but can't generate said income because we may not stay afloat.... No wonder the whole financial system has gone up it's own arse

No. Not saying he wouldn't be suitable/capable but it's top-to-bottom clean sweep for me.

Is Lowe keeping quiet at the moment because he's under "legal advice" to do so or could it be that he's somehow connected to one of the 'interested parties' and as such is subject to an NDA? Got to be one of the two, hasn't it?

trousers HTH

Season tickets....

Tell someone to start selling season tickets pronto.

So, does that mean that if the board had walked when faced with the ultimatum of the Bank putting the holding company into administration we (SLH or SFC) wouldn't be in administration now (and thus facing this 10 point penalty)?

Yep. Very good point IMO. If 'the powers that be' were confident that putting the PLC into admin wouldn't attract a penalty then the date becomes largely irrelevant. In which case, they might as well have done it before the League's deadline as a "just in case it goes tits up" measure. Unless, of course, Lowe & co and no say whatsoever in which date Barclays pulled the rug.....

http://www.plainenglish.co.uk/

Posted by a Derby fan a few weeks ago:- http://www.saintsweb.co.uk/forum/sho...093#post246093 Empathy from an unexpected source......... Rams fan in peace. Your situation is indeed very similar to the one we were in a few years back. We were £24M in debt and the Coop bank pulled the plug on the holding company. This is a replica of your current situation. Three men, later to be branded the 3 amigos by Rams fans bought the club for the princely sum of 3 pounds. They secured a £15M mortgage on Pride Park (the ground was all bought and paid for long before that), ostensibly to reduce the debts and to satisfy the Coop Bank. The "mortgage" was from the Panamanian ABC Corporation (who also lent cash to QPR and nearly bankrupted them too). The 3 Amigos ruled the roost for some two and a half years, permanently telling us that the debt was declining and that the club was trading at break even. In that time we were forced to sell Huddlestone and Rasiak for paltry sums in order to pay interest on time and the debt rose from £24M to around £54M. Again we were on the brink of extinction. Seven lifelong Derby fans who are also successful businessmen ploughed some £30M into buying out the 3 A´s and reducing the debt slightly. That consortium took the club back to the PL but couldnt (or wouldnt) finance the buying of the 6 to 8 genuine PL class players we needed to make a fight of it. Consequently we had the disaster that was known as the 2007/2008 season. Just over 18 months ago we got a new Chairman of Football, Adam Pearson, who had been responsible for getting Hull into shape. He came in and negotiated with the GSE group to take the club over. It is a consortium of many American and Canadian businessmen, most with a successful background in American Sports as well as in other business ventures, one of them was one of the founders of Yahoo. They took over and we are doing OK. We now have Nigel Clough at the helm who has got us playing proper football again and what looked like a disaster season looks like being saved and we can build from there. The debt will, in June, be down to £15M, the mortgage on the ground, and that debt is manageable. In my lifetime (and I'm mid 50's) I've seen the Rams on the brink in the early 80's, early 90's and again for the past 5 seasons...... it's not nice having to face the prospect of your club going to the wall. Boards come and go but we Rams, and you Saints, were always there before them and will be there when they have long gone. I know some of what you are feeling, I empathise with you. I hope the club survives to fight another day and would love to see you stay up by by getting all 3 points at the Tree Huggers on the last day of the season to send them down in your stead. As one of you said earlier, we are a precedent but...... after the 3 amigo deal there was Leeds and Boston who went into Admin once they knew they were already down. That caused the Football League to plug that particular loophole and to add the caveat that they held the right to scrutinise anything not covered by the rules and still take action against a club if the League thought it was warranted. What happened at Derby hasn't been "outlawed" by the League but they do now have the legal right to act differently should they so choose. I hope they don't break the precedent. Good luck.

Time (pun intended) to check out last week's directors box photos...

Thanks a bunch for blowing my cover. I've been trying to convince people for two years now that it's a rare and precious talent....

Ah, yep. Got it now. My bad.

Anyone want to change their answer? Run-a-round....NOW....

Alan Parker?

Is he a British citizen based in Switzerland or another nationality?

Maybe someone left a certain due dilligence document on the club's photocopier....?

If Dubai Phil manages the last ever home team at SMS we'll at least be left with a cracking quiz night question for years to come.