derry

Jackson consortium, collection of money men brought together, low bid rejected, second bid no deposit, looking at the books. Pinnacle, similar but bring MLT on board, two money men walk away, bid collapses, keep trying and may have got a couple more money men or originals have been persuaded. Alleged Irish interest, advanced discussions deposit ready, moving forward. Fry hoping to name preferred bidder by the end of tomorrow. If the Irish bid has come this far this quickly and turn out to be serious, are named the preferred bidders, that would be preferable for me, as the other two have been struggling to put it together for a long time now. What is it with the Echo, all over the back page a bloody four leaved clover FFS. What's wrong with the shamrock you prats.

Interestingly at the All Ireland Gaelic championship games including Northern counties venues, fly the tricolour flag and have the Irish National anthem.

I was told this morning that Pinnacle may well be out of it as two of their consortium don't want to carry on, leaving just one who can't do it on his own. I was told they had made contact about joining the MJ bid but were knocked back. The overseas consortium apparently are still serious. This seems to be the left field bidder waiting for it to get serious.

Marc Jackson consortium has moved to due diligence. However they have no exclusivity as the £500k deposit has for the moment been waived. Source: Echo website. www.dailyecho.co.uk

Saints are not in administration, Chelsea are £800m in debt, has anybody asked Abramovitch whether he can still afford it. Saints are in until they say they are out.

It was, but wouldn't it depend on Aviva and Barclay's expectations?

Mark Fry told me that £15m would be more than enough to buy SLH Ltd and it's assets, settle it's debts lock, stock and barrel.

Lallana once and we scored against Burnley, Smith on his wrong foot cutting inside all the time. Overlapping for us last season didn't happen as there was nobody to overlap, it was just a full back attacking down the left and being crowded out. Width is a two sided street, the wide attacking side and the other side coming in on the blind side to outflank the defence. We didn't get to the byeline, consequently we hardly scored a goal in the six yard box from play instead of the 60+% that good teams scored. In short we were tactically inept, pathetically naive and were relegated as a result of management incompetence.

At last somebody who knows what makes a successful football club. Package it up, put a bow on it and send it to that stupid prat who was the chairman 10 out of the last 12 years. How many managers was it? Stability it certainly wasn't.

Bloom, the Brighton local financier is a professional poker player and property developer who is lending up to £80m, interest free to be paid back in 14 years.

Wotte + Diamond = Crap. I'm not going to spend another season watching wingless crap whatever the league we are in. The methodology of last years management was seriously flawed. Half the season one up front, the rest of the season, the diamond. All season nobody wide either side, which blunted our attacking, reduced the number of goals, and left the defence wide open. A penalty taker who scuffs the ball, a potential star allegedly, who can't kick the ball, delivery from free kicks and corners that wouldn't be tolerated in the tyro league. Somebody has to get real over this.

As long as SFC stays out of administration it will not need a CVA as the creditors will negotiate an agreed payment or method of payment with the club itself. This scenario does not apply to SFC Ltd.

I haven't got a clue but I would think they would have done whatever was necessary to keep this in sight. After all the barristers were looking at it only last week for Pinnacle. On another subject, CVA's, the debt is with the club, the mortgage is up to date, the club's debts are irrelevant as the club is not in administration, therefore a CVA would not apply to the football club. It has been stated previously that SLH has more than enough assets to clear IT'S debts, and in any event apart from the administrators is reasonably debt free. The club's problem is the debt level precludes the financing of administration. Winding up is the next step if the club isn't bought out with SLH and refinanced. If the club survives and the debts are agreed with the creditors their would be no case for the league to further sanction the club. I also think the original points deduction may well be overturned on appeal.

The Saints are beginning to look like a bargain with debts cleared and the stadium bought for less than £15m including the Staplewood and Jackson's Farm. It is costing Brighton approx £93m for the new stadium.

'IF' the club survives, and doesn't go into administration, (the holding company is in administration but has little debt), the club contains virtually all the debt but won't need a CVA. It is possible the assets would be transferred to the club and the stadium bought. SLH could be wound up. The 10 points could then be a problem for the league as SLH no longer existed, the club is trading and the debts have been sorted.

All the debt is with the football club so it would be wound up, leaving Aviva to repossess the stadium and Staplewood and Jacksons farm sold off.

The club will be wound up if it isn't bought out. It's not an issue about points, it is survive or disappear.

I've been told how much, who and pretty close, but I'm still sitting on my hands. It doesn't look like a done deal yet. And the names mean nothing to me.

If you know definitely, fine, if not, it could be wishful thinking. I wouldn't bet on any outcome.

Or we could disappear into history.

Selective memory, there was about £900k on here in the first place and as I said ONLY in the event of imminent liquidation. That would be the only circumstance along with this being the only initiative that it could happen. In any event like so many things events have overtaken us, but your way obviously worked as it saved more of your time doing nothing.

It would only have worked as a last resort before winding up. As it needed time to carry out, IMO at the time it was possible but Fry has run us out of time. Unless he sells it, that's it I'm afraid. At least I can play golf every saturday. It's a bit like a bereavement or a divorce, one gets over it in time.

The operating overdraft is SFC as is the £2m approx assorted debtors, Cedar Press, Catering, Utilities etc etc.

The club owe the debt not SLH, approx £6m.

I understand Salz wouldn't want to buy the stadium so presumably the purchase of the club/associated debt, training ground only. The council to come in and pick up the stadium. This is probably Fry's contingency plan.