derry

Purely because it allows the aministrator to get on and sell the club rather than wait while those that haven't yet bid decide what they are going to do, if anything. It would be a different matter if all the bids were on the table. Presumably a deadline will be be set shortly. Two of the parties were in due diligence the week before the Burnley game, one made an offer, one didn't. The Guernsey duo haven't yet and it looks like there is still no other offer.

One bid only, everything else is conjecture. It would make things a lot easier if there was only one bid. Maybe not for the shareholders but for everybody else. The club's creditors as opposed to the SLH creditors would probably favour that.

It will be interesting to read the comments on here if the only bid is withdrawn and the others don't come in. My real worry is how close the football club is to being wound up. Any real delay could cause that. There probably isn't enough time even to effect a rescue.

I'm fed up to the back teeth watching plan A - D the bloody awful narrow, vulnerable, non scoring diamond. The players don't like it, want to ditch it AND CAN'T PLAY IT.

The football club won't need a CVA, it will either continue trading out of administration under new owners or it will be wound up. The clause you quote either won't apply or won't matter.

We'll soon see whether they are substantial, it's probably just as well time is running out. The consultant reminds me of the types on here 18 months ago.

It's going into a protected account. If the club is sold before, I believe the money will go to Saints in the community/nominated charity. Otherwise the money will be owed to the underwriter who has guaranteed the club.

If they are substantial, and want secrecy, employing a consultant to front the operation, they could have just put a bid in. The MLT thing appears to be a way of buying time. If tomorrow is the deadline it will be interesting to see what happens. A preferred bidder will have to be announced shortly.

They obviously did with MLT's tenuous connection plastered everywhere. Why would any substantial bidder need to leak like a sieve? Except to buy time.

I think he wants to be fireproof and not be accused of omitting a better bid if only in retrospect. I think we have to be close to the end game as we probably can hopefully afford to pay this months wages, but after the match/concert there is no more money coming in.

Agreed, but it's still a question of judgement, how long can MF wait for the bids to get the best deal for the shareholders and creditors, whilst the club stays in business and the only bid on the table stays there.

Not when emails from Lynam are reproduced, obvious contacts are laid out, opinions from those in contact. I'll be relieved when all this is history, as long as we are still going.

The media use the forum, definitely Solent, Radio Hampshire and the Echo.

I'm not publishing the names, I'm not disrupting a potential bid, what I am trying to do is draw a line in the sand. It is time we allowed due process to take place. I have no problem with people supporting people they know, I do have a problem with the rubbishing of the only bid which has been on the table since about the 24th April. The bidder could well be getting fed up with the waiting about, while as yet only potential bidders are holding things up.

Sums it up for me.

Which is where I came in. Leave it to the administrators and leave the spin and innuendo until a result is declared. I don't want to see the only bidder we have walk away. I'm sure MF is working his socks off to resolve the situation, however at present there is only one bid on the table.

Fine, I get your drift, and I'm sure you got mine.

Not if a bid gets withdrawn because the bidder runs out of patience.

There is a big difference between discussing rumours and you talking about people you know, a bid and a plan you know about being put in place and then talking about another bid not being in the best interests of the club. It's not on.

Read the post again. I'm sick of this spinning and as far as I'm concerned it's time to draw a line under it. If they try and rubbish other bids knowing that the media read this forum whilst at the same time saying they don't know what the other bid is, it's time to draw a line in the sand. I don't expect to be called on this but I happen to think that a late bid like this, is in fact not helpful we need to get this sorted sooner rather than later. A month has gone by now and the club is hanging on by the skin of it's teeth.

I don't mind in the least you supporting your mate's yet to be submitted bid. I do have a problem with you making unsubstantiated criticisms of a submitted bid, insinuating that it doesn't have the club's best interests at heart. As all the parties are subject to NDA's and the other two parties are obviously respecting the NDA, it is a strange situation when Lynam's clients are on one hand are calling for privacy and at the same time you are on here making statements like that. It is high time everybody takes a step back and let's this take it's course. I will say, I know the identity of the Pinnacle group and will pass that information to the media if this crap continues. Don't say you haven't been warned.

So am I Bill, however it's the Echo's mention of money owed to HMRC that troubles me. I find it a bit strange nearly a fortnight after the first bid and the perilous state of the finances, kept going by the underwriting of the legends match and the Saints Aid concert, that we now have somebody coming in at the eleventh hour and spinning whilst the other two are behind the scenes. I personally think that unless they get a move on this could yet unravel, how many times have we seen a drama unfold, then no deal done, with previous football rescues.

Martin Samuel wrote a large article slaughtering the league for the way they make it up as they go along and talking specifically about our situation. I think it was in the Mail.

All this presupposes the club stay operating. If they are wound up every thing falls apart. The club owe approx £6m and have no assets and are being kept going by the goodwill of the creditors and a begging bowl. If one creditor pulls the plug there will be no administration but immediate winding up. The PFA would pay the players and their contracts would lapse making them free agents. That is the timescale driving this.