derry

Not me mate, I'm not jumping, I just want to collect the wallets for the bucket collection.:cool:

I think you might find they have breached their own rules and it is QC's who will decide any appeal on a point of law. Only time will tell, if there is no sale it won't matter.

Don't jump until I get there.

The only way SFC can survive is to be taken over. It's debts mean it could not go into administration so would be automatically wound up. The creditors are letting it keep going in the hope it will be bought and they will get some or part of their money. SFC could be sold for a £1 with the debts taken over.

No because the assets will have been sold prior to the liquidation.

Either it will be wound up next week or it will survive. To survive it will have to be taken over. It is not in administration, it would not need a CVA, the debts would probably have an agreed payment schedule with the creditors, who have taken their only option to keep the club out of administration. In that case the football club would not have any connection with SLH, it's debts potentially paid and was never in administration. What case could the league now make to deduct the points. Liquidating SLH and selling the assets seperately would be atytractive as the shares would not have to be purchased. The proceeds of the assets if any would go to the shareholders. Staplewood and Jackson's Farm is worth about £2m, SMS is worthless, SFC is over £6m in debt, laying one off against the other and buying the debts for a peppercorn figure, would be the cheapest way out and the best deal for the creditors and the buyers.

Just a bit of lateral thinking. The league have deducted 10 points because SLH is inextricably linked to SFC. If SLH is liquidated and the assets sold, SLH is no longer linked to SFC. So what about the case for a deduction now, SFC survives still out of administration and SLH no longer exists.

To be fair to LM and Mike Osman. Their idea was a good one, to be played 27th April the teams were organised but Fry vetoed it as he said it was sending out the wrong message. At that time it probably would have been a good gate as the pot was still boiling. After that it was a mess.

Fry is probably playing one off against the other. The less favourable bidder is probably desperately trying to buy time to maybe get some more support. The favoured bidder is probably being held at arms length while a bit more is screwed out of them. I just hope we don't end up with a bid that collapses, a bidder that gets hacked off and pulls out and the club gets screwed in the process.

What I fear most, is that with the next pay day on 21st May, unless someone buys out the club it will be wound up. The sad fact if that happens, is that all these so called money men's egos have only succeeded in driving the final nail into the club's coffin, by using up the time available that could otherwise have been used to mount a proper rescue. There is no longer the money or time to do that.

£8000 per week is about £34700 per month.

I doubt they are owed much if anything, it's the football club we are talking about not SLH Ltd.

I personally think the whole administration is based on the club staying out of administration and the creditors allowing this to happen, so that in the event of a sale they will get a major part of their debt paid. The stadium is very much an asset if is sold at the assumed reduced price circa £7m. With it's planning permission for 4 concerts, it's corporate facilities plus the city council's use of facilities gives an income probably exceeding comfortably £1.5m which would show a good profit after any mortgage etc was paid without any income from football. It is a no brainer to buy the stadium from Aviva.

Irrespective of all the other aspects the stadium land is subject to a restrictive covenant which lays down it's permitted use. The company in administration is SLH Ltd which owns a number of companies which own assets or in the case of SFC Ltd the £6m approx debt. SFC Ltd owns the players registrations and potential value but that means nothing if the players aren't paid as they would become free agents. The football club debts will have to be agreed by the creditors or the club would be wound up. That would leave the house of cards collapsed with only an asset sale left and no football club. I would think a large part of the bid is to cover the debts to allow everything to continue.

The trouble is Nick, what we are finding out the hard way, there is a million miles between serious bidder with proof of funds and ok here's the money. The first is easy, the second takes either so much money it doesn't matter or knees turning to jelly. Either way the only fact we have got is all these so called bids are running us out of time.

The bloody tragedy is these people have run us out of time taking 6 weeks to find that out. They need standing against a wall, as for Marc Jackson if this is true he might find it difficult to show his face around here, Bournemouth is one thing, effectively doing the same thing for Saints will really set him up. I just hope there is somebody in left field.

I haven't a clue, but if we are wound up it would have to be something new like Aldershot started in the equivalent of the Wessex.

Something to do with woodchips or leaves/straw.

At a guess £300,000. Saga, Euell, Skacel nearly £100,000.

If we are wound up by the end of the month the players will still be paid by the PFA but we won't have a football club.

The football club has £6m debts and no assets. It will not go into administration, points deductions are irrelevant as we would be wound up.

It was the opportunity for 32000 'fans' to donate £20 each to buy time for the club. What happens in the 90mins is irrelevant. If there isn't a buyer I expect us to be wound up by the end of the month. I just hope the bidders are not all smoke and mirrors, fantasists who have assets but in the end don't have the cash. That is my big fear.

The difficulty now is in my opinion we don't have the time left to rescue the club in the event of no buyer in the next few days. The process has taken too long and the third week in may is the endgame. The last resort legends game that would have bought more time, has only sold 700 tickets because of apathy and the expectation of a white knight. Mike Osman told me it may well not now take place. This was really the only way to raise £0.5m quickly to keep us going for another month. It was all geared up for April 27th but Mark Fry vetoed it as he didn't want to send out the wrong message. Whatever that means. He had better get it right or the immediate collapse would be down to him.

The big problem now is that as this process has taken so long, it is probably impossible to rescue the club if a buyer isn't forthcoming this week. Mike Osman felt on Saturday that there is so much apathy and the expectation that the club will be sold shortly that the legends match has only sold 700 tickets. It may be that it won't now take place. In the event of the club failing to find a buyer it was the only way of generating £0.5m quickly to buy time, now that option has disappeared.

Clapham Saint summed it up nicely. Crouch explained the situation at a meeting I was at. It is the personally liable situation that stopped the season tickets being sold especially as the club knew that it's trading position is such, that it's debts of £6m and no assets, render it bankrupt. It is only the fact the creditors and the bank are holding off hoping for the whole concern to be sold and refinanced that is stopping them being wound up. The players are only an asset if they don't become free agents by not being paid.