derry

Ok,:confused: you've got me, where do I sign?

Not if you are Irish.

You don't know that. I once had a labrador called Derry.

Go and get your head down Mike, It'll all look different in the morning. I suppose it's not dark until midnight up there but if you are tired enough it'll work.

Steve Grant who is a corporate lawyer, a director of Warner Goodman Commercial, made some interesting comments in the Echo. " It gives the impression it wasn't the right decision in the first place. In corporate law the holding company and the trading company are treated as separate financial entities. Surely the Football League rules should be clear and unambiguous with regards to that. Look at Norwich. Delia Smith is a separate entity to Norwich City FC. If Delia Smith was declared bankruptthen Norwich City wouldn't have any points deducted. For the Football League to ride roughshod over 100 years of corporate law in this country is highly unjust. The right of appeal is a major part of British law. That's why British law is recognised all over the world. If the Football League believe their rules are clear then why do they fear an appeal? Generally in all forms of corporate law if you believe you have grounds for appeal then you are entitled to one. Sometimes courts rule against an appeal if they feel the case is so clear. The Football League are not operating within the standards expected in a country like ours. Saints fans have been through enough without being held to ransom in this way." ----------------------------------------------------------------------- It could be the sticking point is signing means losing all the means of rectification not just the appeal.

If Pinnacle paid the wages it would take the pressure off Fry for the month. It might buy exclusivity but this deal must be pretty close to completion or failure.

The fact that Tony Lynham has posted on here shows a level of respect for the average fan. Tying up a deal of this nature was never going to be easy. It seems obvious that the behind closed doors Swiss group won't be talking to anybody even if they buy the club. I don't find the MJ bid credible. They have taken the cheap option all the way through. Although being the first bid in failed to produce the deposit as the investor walked, saw the books without the exclusivity, ditched the original finance and took on new middle eastern based backers after the exclusivity deal started. They now say they would take the easy option with the league and would pay the wages on Thursday, whilst it is obvious the bid is on the never never, payments geared to subsequent promotions. For me The Pinnacle bid is the way to go provided it does what it says. The Swiss whilst being probably more substantial would I think have no empathy but see it as a profit in due course.

Duncan, this may be about a catch all clause regarding appealing or taking it out of the league's hands. For example the court of arbitration or alternatively the high court. I think the league are trying to tie up the licence so that there can be no subsequent action. Pinnacle's lawyers appear to be having a big say in this. It has to be remembered that Pinnacle is a consultancy company employed by a rich third party who probably has the final say in how far this goes. They may not be prepared to accept the league laying down the law.

It's been put to the test twice and the football authorities lost both times. George Eastham proved the maximum wage illegal, Bosman proved the transfer system illegal. Sooner or later somebody is going to take the league on in the high court regarding their use of their rules.

We have to get this right and build a solid base. If the income with the reduced outgoings and crowds for a successful team comes in, we will be one of the best placed clubs in the football league, but we have to get it right.

You might get some politically correct non violent critcism. I think you will ring a bell with a lot of people. Bringing back compulsory national service and the cane in schools plus the birch for violent offences would be a start. After a referendum of course. Governments should have to have a constitution to govern which needs a referendum to change.

The worrying thing about all this, is who makes the most money out of selling the business. Mark Fry could be getting ready to call time on the Pinnacle bid and start a new round of bidding. We know about the MJ bid, the Swiss interest, and now two new bidders. Isn't this where we came in, after all without Fry's agreement nothing happens. The best deal for the creditors may be getting in the way of completing this deal yet again. Another exclusivity deal will pay next months wages, the club stays in limbo and risks further sanctions. All parties need to sort this out PDQ.

Give them what they want. Sign up to whatever the league want. Take the deduction. Then take them to the high court and challenge their right to interpret their rules rather than abide by specific rules. Forget about arbitration, appeals etc. let the law decide. This needs doing and at some point somebody will bring the house of cards down.

:smt054

Spot on, 1997, long before the insolvency rules came in. Just coincidental.

I had the impression that the Swiss who game in late were about to act. It wouldn't be surprising if Leon desperately wanted to be involved and this was his way of buying in. I had heard this some time ago but no verification. It may be a loan. If the Swiss had gained exclusivity, it would have been unlikely if he had been involved.

The nub of the whole thing Steve, as far as I am concerned is their interpretation of 'inextricably linked'. I don't think it holds up in law. I'm pretty sure the lawyers don't either. I'm not talking about arbitration. Anything that allows the authorities to make a decision should be ignored and go straight for the throat. I'm talking about taking out an injunction to prevent the league acting pending a high court case challenging their rules and their interpretation. If they won the case it would open the door to sue those personally responsible for the interpretation. If the thought of that didn't concentrate the minds nothing would. Somebody is going to challenge the league in law at some point. To do this though, they would have to own the club.

This could be more than coincidence. The only good thing is publicity is a two edged sword, send the league the link to the Bournemouth interview. Your deadline for WW's attack is getting close. Are you likely to get a deal?

Number one now has to be Pinnacle to close the deal. I just can't see the points deduction being a big deal in the end. Quite rightly they are trying to start next season without any penalty because there is no league rule that penalises a club if it's owners go into administration. In the event that Pinnacle tell the league and the administrator to forget it, then provided there is evidence that the Swiss company is as substantial as I've been told, then they would be the obvious choice. I have completely gone off the MJ bid since the source of the alleged backing was changed recently to a middle east based source. Notwithstanding everything else Pinnacle could sign the licence not appeal then go to court and sue the league.

I have called his bid, flaky ; a mirage; not credible. You obviously don't take in the posts on here as my name is posted regularly on here and is often used by people answering posts who know me. Quite a few of us on here know the real names of many of the posters on here because we often communicate using the pm system and real names.

You obviously don't read what you see. The answer to your question was one word with a full stop. ( No.) The second sentence was to explain if you knew his style you would also recognise it. No I am not guessing.

I think we are at cross purposes Phil. I don't think we are talking about the same thing. In addition to the Echo Article there was a completely different large feature in the Pink on the front two pages. That is where in his own words, MJ has given the information regarding the administrator contacting him to check that his bid still stood, plus the announcement that he since the exclusivity was granted, had new backers from the middle east plus his plans including not appealing the points deduction.

No. For a start his style is recognisable together with the views.

And it's not MJ either.