LestWeForget

As you are aware, the club itself is in deep doo-doo with or without SLH ... the deduction is proved to be a correct decision... and maybe more to come..

About 5ft4ins

He's a neighbour of Rupes

Google is a useful tool

Stewards, police, staff wages etc etc would cost more than that.

Probably the visiting team

Agree totally. However, by "derisory", I meant that this is a ridiculously small figure for a club of SFC's stature. This leads me to believe that the due diligence has uncovered outstanding debts held by the club, rather than by SLH, beyond those we already know about, and that these may have to be serviced seperately from those held by SLH's creditors, and that SMS is not factored in.

Dead right, but we don't know just how much potential buyers have up their sleeves, or if they are banking on income from the club (I hope not, that would be suicidal). We have to assume they have at least SOME additional funds for development, but once again it all comes down the the SMS issue. Who will own it, who will control it, and at how close to break even are they prepared to run it. The next few days are critical to the survival of SFC. I am not so much worried about a bid for the club, as about the future of SMS - that's the make or break issue. I cannot see Aviva writing off a great deal of the debt. I can see them accepting reduced payments for a while, but not over the long haul.

I agree, however the SMS issue is still one that needs clear resolution.

Which then begs the question, is 8M enough to ensure the survival of this club? Personally I think not in the long term, and feel that Mr Fry is in the situation whereby he is having to liquidate assets at terms that are not favourable to the club as a going concern. I fail to see how there can be any deal regarding the club unless there is also a deal in place regarding SMS.

To a NEW buyer that might be a reasonable bet. However, if NO buyer is found, I believe Aviva would want more return on what is a considerable mortgage they have underwritten. The repayment term is already a lot more than that. Also, take into account that 30k for 10K spectators is £3 per ticket.... therefore ticket pricing against income becomes an issue. How high a price will L1 football support??

As per... take back ownership and lease back... it's the only viable option for them if no buyer is found for the stadium.

That would work in the prem and possibly the championship, but I would find it hard to believe a financial institution would gamble on sufficient gates to make it viable in League 1.

The flaw in that argument is that SFC don't OWN the stadium, it is owned by a seperate subsidiary of SLH, and is thus an asset that needs to be sold. The club will have to pay rent to either : a) A new stadium buyer or b) Aviva if they foreclose and rent the stadium to the club. The costs either way COULD be astronomical for a League 1 club, even with strong support. If a buyer is not found and Aviva take back ownership, they will want to run it at a profit both short and long term. The mortgage payment equivalent (£1m/year did I hear?) of about £44000 per home game would not produce a sufficient return, so be looking at about £75000/match rental. Add to this the fact that the club would not benefit from other stadium events, nor from catering, sales etc as these would be controlled and franchised by the stadium owners who would take any profit. In my opinion, the £8-12M offer "on the table" is derisory, considering it cannot include the stadium, and would not secure the future of SFC. Mr Fry has a LOT of work to do yet!

6 is good ... nice to have Rupert's home address and phone number.... no? LOL

He left ..... http://www.microscope.co.uk/welcome/news/reseller-news/green-leaves-centerprise-after-15-years/

Give some thought to the due diligence the Administrator ALSO has to do on bidders......... history..... relevance..... associations

The fact that it was only dissolved three days ago may give those ITK a clue......

Not the case - Neil Doncaster did not vote on the decision. So please stop harping on about conspiracy theories

That CAN and DOES happen...........

That's like asking why did the bank call in your overdraft before you reached the limit.... FFS use your grey matter.... Barclays don't take FL deadlines into consideration... they don't have to... they don't need to... they are a BANK.. and act to BANKING rules, not FA rules..

Add to that Brentford (probable), Exeter (probable), Wycombe (Probable), Brighton (maybe), Millwall (probable cos I think Leeds will grab the last promotion spot), and we have a goodly number of affordable and interesting road trips

As witnessed at FC Copenhagen.... We're not getting the fans guys, so let's draw them in... (pun)

shhhhh you'll wake them...

Right now I don't care if they're a fan or not... they're a paying bum on a seat!