trousers

Mark Dennis said he was '99% sure' this would happen for what that's worth!

Why the 1% doubt?

Where does this leave Notts County?

There has been a lot of grapevine gossip over the last 72 hours and perhaps IF it is true is why we never went into administration last week.

Would now be a good time to switch on my PMs again....?

The morning? To be honest I'm surprised he isn't here already!

FFS....give us a chance....I'm only allowed to spend 17 hours out of every 24 on here....the institution won't tollerate any excess

What is undervalue ???? the football club is the PLC s only revenue stream .

 

If they sold it for any less than the share value that would be deemed as undervalue , and if they can sell it for the share pricethen you dont con the share holders.

 

Could this explain why "someone" has been driving down the share price recently? Or so it would seem....

Hmmm.....

Which would be our market cap right?

 

Currently 3 million quid, so very cheap

 

This is starting to look quite interesting. I'm sure trousers will be on it in the morning

More like something will be on my trousers in the morning....

?? I hope you're not a lawyer.

 

1) An Administrator could seek remedy against either the purchaser or the Directors if the assets were sold at an undervalue unsder section 238 of the insolvency act. IF THEY WERE SOLD AT UNDERVALUE being key. There is nothing wrong with selling assets if you get fair value for them.

 

Minor side observation, but could that be why the Concourse Sale was scrapped this year?

Nice thought Charlie but i think you will find the mortgage on SMS is a fixed rate

Aye. 'Tis Over 8%

What is the link between Pulis Snr, Pulis Jnr and Kim van der Waals....?

I would like to catch out a guy at work, and was wondering if anyone has any good ideas, or pranks they have played before! any suggestions greatfully recieved

Start a thread entitled: "*** LOWE QUITS SFC !!!!! *****"

Well, that's what I'll be doing anyway.

Is that a profile of Duncan Holley?

Is that your first post this season?

Or Option 2 could leave us on -27 next season (10 for admin after deadline, other 17 for CVA non-agreement with IR).

 

We can't win games in this league with this squad, what the hell are we gonna do with half this team in L1???????????????

A 3 year graph might suit your agenda (i.e pro Lowe rhetoric) but in the real World Sladey sensible people would look at the performance since the credit crunch occured. Over this period SLH has weathered the storm considerably worse than the AIM.

Got one of those 'Leisure industry only' AIM graphs yet? Or was that my job?

 

1. admin before deadline, minus ten this season, relegation, and start league one on -17

2. admin after deadline, minus ten this season, relegation, and start league one on -17

My understanding was that option (1) would result in less points deduction NEXT season than option (2)....?

I swear on my life I havent started this thread as a troll.

 

I really think that the consequences of this decision are frightening.

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'....

One for the future? In keeping with Rupert's policy of playing youngsters...

 

Who's this Boyle, anyone know anything about him?

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)

The thing which worries me about all this is that people are forgetting this is a gamble Lowe has taken. Speaking from a business perspective point of view i would say it is a massive risk to the future of the company.

It is like the chips are all down and only way you win is if you avoid the drop.

Now the bookies don't have us faring so well as they all have us 2nd favs down. So we will have to proove everybody wrong and win enough points to keep us up which in turn will keep us out of admin.

 

However if the critics and bookies are right and we sadly fail to stay up then we are most likely into admin. If we are on the brink of it now and we then go down we will cut out a vast amount of our revenue from tv rights and exposure. The FL rights were bought by Sky for £264m. From next season Sky will show 65 live CCC games and BBC will show 10. Meaning next season the CCC will have almost as many prem games being broadcast live. That brings more revenue as the exposure increases. £264m for 3 years = 88m a year in tv revenue. That is a vast amount of money. Which means every club in the CCC gets nearly £4m a year just from tv money.

The League 1 teams get just 12% of the deal. Which means each club gets just over 500k a season. If that happens to Saints they will be nearly £3m out of pocket by dropping a league. Without investment the club would not be able to run due to the interest of the £20m+ debt being more then the revenue the club makes. Which means admin almost certainly.

 

Now i'm glad the club has avoided going into admin, it gives us a chance to sort the problems out without having to go to the courts, means we can sort it out on the pitch. Which is the way it should be.

 

But if we do go down and we do then go into admin we then risk dropping to league 2 because of this decision. We will go into the league one campaign with fewer players and with less quality players. We won't have the money to pay wages for Journey men to help get us out of it ala Leicester style. But worse of all we will go into it with a points deduction. Meaning if this back fires then we will probably be spending next season trying to stop another relegation. A bit like Bournmouth.

If that happens then we will come back to this point. A point where it was decided to go for it and risk the next few years.

 

The way i see it i see it as Lowes last stand if you will. I don't like the guy but i respect a lot of things he has done for the club in the past. But if he put the club into admin people would crucify him for it because that means relegation for sure. It would mean he would be gone as he would be removed by the court. It would effectively be him and his board throwing in the towel.

Lowe will not let go of power until the empire has fully crumbled. So while i think the board deserve good words for not going into admin and condemning us down, i also think people need to realise that chances are it would not happen unless the banks made that decision for us by stopping our overdraft.

So for all our sakes i hope the boys play out of their skin and get the wins we need to survive. Anything less and things will get even worse before they get better.

At the end of the day this club needs money, we need investment. Without that things will always be hard.

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?

As an FYI it was posted on here a few times before that the Stadium is on a fixed rate.

c.8%