
Rebel
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Everything posted by Rebel
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Surely they could have raised some money in the January transfer window to keep the Wolves from the door - taken low bids for Rasiak, Dyer, Skacel, and not brought in Molyneux, Smith and Saejis for a start! I'd prefer to have just got relegated - not go into administration as well!
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Are we talking about Tuesday 21st April - coz if so they better announce it quick! That would be next Tuesday in modern English! A week Tuesday would be the 29th surely - the week after we play Burnley! I'm confused! It sounds like crossed wires to me! A benefit game against Leicester to raise some money to keep us going until the end of the season - and still exisit to play Forest - does sound a good idea though - and a possible one! 29th sounds more likely though.
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Why didn't Crouch save us from administration?
Rebel replied to Nineteen Canteen's topic in The Saints
Lowe and wilde put the club into administration out of arrogance, pride, ignorance, hubris and spite.... I don't think they were willing to ask certain people for help - this left them no option but to put the club into administration and which in their eyes they can then blame on other people its a get out clause for them .....we did our best...its everybody else fault.....we're not to blame etc they broke the relationship with Barclays, they destabilised the club again by ousting Crouch, Pearson and co, they drove the fans away from the turnstiles, they failed to sell players in January to fund the gap its simple really - administration was avaoidable - the fact we are now in administration is their fault -
don't clubs have to be 51% owned by supporters in Germany - or did someone just make that up!?! even if supporters had a 10% shareholding but grouped together to elect a director to the board - with the simple remit of making sure the other directors do what's best for the long term future of the club - that would be a major step forward I wonder if all the infighting and bickering would have happened - and a lot of the short sighted financial decisions made - if the directors knew they were being closely monitored by genuine supporters
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I have to say Lallana was my man of the match today made some great tackles, tracked back, won the ball and kept posession, great running at the Palace defence, and some wonderful interplay with James and McGoldrick his best position by far is in the CM attacking role - or maybe on the right of a midfield 3
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Pompey have posted a loss of £16.6M for 2007/2008: http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/7988831.stm and are over £100M in debt according the Portsmouth News: http://www.portsmouth.co.uk/newshome/Pompey39s-debts-not-unusual-in.5157352.jp but the Skates aren't worried apparently as debts of that size are common in foobtall: http://www.bbc.co.uk/dna/606/A49622673 I don't know about you but I think they should be! Apart from Liverpool and Man Utd I'm not sure any other club has debts like that - with nothing to show for it other than an FA Cup. Maybe the Gunners - but Arsenal's debt is all about the Emirates stadium. And it looks like they bought the FA Cup - with that outlay you'd have thought they'd have won a bit more than the solitary cup. He not that good a manager Redknapp is he really when you look at that! If they get relegated this season - which is still quite possible - Saints current situation will look like a party! Surely administration would be a certainty! At least we've got a 32,000 seater stadium, a decent academy and training ground to show for our paltry £7 million debt and £23 million mortgage. Doesn't look good for Pompey unless they find a buyer in the summer - but why would anyone buy them when the first thing they'd have to do is pay off the debts, build a stadium and a training ground. I expect someone will though! Surely they wil sell players like Crouch, Krankjar and Johnson in the Summer to pay off some of the debt and reduce their wage bill - but that's going to put them right amongst the favourites for relegation next season if they stay up this season. Could the unnamed debtor for £7 million be Mandaric by any chance - i.e. the money he was never paid for the club!
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until they sold players in January their wage bill was £5 million more than their turnover palyers wages were something like £55 million - their turnover something like £50 million (hence the £5 million Spurs paid Pompey for Redknapp) supposedly they were £80 million in debt on top of that - hence the sale of Diarra and Defoe on top of that they've got their other running costs, the training ground development and the stadium redevelopment to pay for I fully expect Johnson, Krancjkar and Crouch to be sold in the summer - even if they stay up - and most the 14 players out of contract to move on (Campbell, Kanu et al) if they get relegated they'll go into adminstration - they might do it anyway if Gaydamak can't sell the club - he has a history of putting companies into administration and walking away
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The case to put to a multi-millionaire buyer...help needed
Rebel replied to SaintBobby's topic in The Saints
I don't understand why Lowe and Wilde didn't renegotiate the mortgae with Norwich Union - to reduce the payments to £500K p.a. or at least something more managable after all NU had everything to lose by not coming to an agreement with us similarly why didn't we sell players to raise some cash in January to stay within opur overdraft or release players on frees to other clubs to reduce the wage bill or like directors at other clubs why didn't they loan the club the money to fill the gap between the overdraft and running costs to the end of the season don't tell me we couldn't sell Dyer, Surman, Schneiderlin, Lallana and McGoldrick in the Summer - if not Rasiak, Saga, Davies, and Skacel as well to raise some cash -
the Trust actually put it to the vote on whether to back Wilde or Lowe or Crouch its members overwhelmingly voted in Wilde's favour the Trust at the time publicly stated that Wilde and Crouch should work together I don't think anyone thought that Wilde and the people he brought in would spend money that they/we didn't have - and that's what got us in this mess Hone, Wilde and Lowe are all as guilty of this mess do you think Barclays would have called it a day on the Club if Crouch, Lawrie Mac and Pearson were at the helm? - I don't!
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Lets make it clear on Saturday that we as the fans, supporters and members of Southampton Football Club don't want Lowe or Wilde back at this club in anyway shape of form. It is these two people above anyone else who are directly responsible for where we find ourselves right now they have brought us to our lowest point - dismal failure sure Cowan, Askham, Hone, Hoos, Burley, Redknapp, and Oldknow are guilty doing their bit to bring about our fall as well - but these two are the orchestrators! Swing them both from the Itchen Bridge! They are truly the bankrupt ones - certainly morally! Surely one of them could have put his hand in his pocket to bridge the financial gap until the end of the season - even if it was only a loan directors at other clubs have done far more where is Wilde's integrity and honour? his sense of responsibility? how much money has Lowe made from Southampton FC over the last 10 years - more than a couple of million by quite some way I would say!
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Posted by a Coventry fan on PompeyOnline: "There is a certain irony about the situation. SISU (Hedge Fund) wanted to buy Southampton but were turned down by Lowe et al. Ray Ranson took over CCFC 15 months ago instead. We could have been Southampton because it really was only 20 mins before we were due to go in to admin. We do not own our stadium. The previous chairman Brian Richardson carried something like 60m debt associated with the construction. We were relegated before we even started to build it and could not build it unless helped ...Coventry Council funded the bulk of the completion of the Ricoh Cov Council and another company own it 50-50. Ray ranson is trying to buy some of it. A contract for 125million has just been signed with Compass Catering. But I don't know if CCFC have any cut on it. Over the year, the Ricoh has 100 plus days of exhibtions and is becoming an international setting for rock stars. There are 64 hotel rooms on site. If the club owned the ground we would be well off.... Although Cov are said to be losing 80k per week, we apparently have no debt becasue SISU are coverning it until we get back in the Prem. This will not be for a few years. The plan is to do something like Pompey/Reading and stay there a few years. So..... We are apparently debt free, waiting patiently to have few good seasons in our league and then move up and stay up. We have not challenged at all over the years. We have a first team squad of 24 and have disbanded the reserves. Hopefully the bad times are behind us. The Likes of Norwich, Charlton, Southampton, Leicester and Leeds have all struggled over the years. We are better off than most of the teams in the Championship and it has been said that we are one of the few clubs without major debt." I am not so sure that in the long term they are in a much better position than us. What happens when SISU decide to pull the plug or cut their losses on their investment and there is no buyer for the club Saying that I would rather be them than us right now by a long long way!
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I already did - I bought £500 of shares in SLH when I joined the Saints Trust steering committee and proxies them to the Trust. More fool me!!!
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For some strange reason none of the Skates at work have dared say anything to me in the last two days sure some people who have no understanding of football have taken the p*ss - but none of the Skates and not any other football fans either even had a Leeds fan offered me sympathy (and we don't exactly click) is it because the look in my eyes is a little bit like 'give me a reason.....!' or is it because only other fans can understand how we feel right now or maybe they are worried they're next - and are simply thinking but for a few points or maybe an overdraft it could be them right now
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there are a lot of fans like me who don't got to every home game - but pick and choose depending on various things (girlfriend/holida/family stuff/work/etc) I've been to about half of the home games this season so far and bought tickets for a bunch of friends last week for the Charlton game - because for me it was a always going to be a 9 pointer! I've never had a season ticket but there are many season where I've been to every home game (doesn't make me a better fan then anyone else though) there will be lots of fans/supporters like me/us who will be probably decide to go on Saturday now - maybe because it might be there last chance to support saints or just maybe because they think there £15 might make a difference whoever they are (apart fropm Wilde and Lowe) they will be welcome by me - and if they've come back after staying away for whatever reason - I don't care - they are all Saints fans to me - and that is what matters I actually admire those people who have stayed away because of Lowe - they are stronger at dealing with an addiction than me (and you could argue at least they've got principles - and maybe it worked as he's gone now)
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Steve I'm not so sure - we had several conversations with Jim Hone, Lee Hoos and Andy Oldknow about the right way forward for the club - I think they were incompetent - that or so focused on takeover bonuses they might get they didn't care about anything else We argued with them quite strongly that the only way was to run the club was within its means - whereas the fantastic four (lets inlcude Jones!) thought the only way was to spend money we didn't have to push for a play-off place and secure a takeover they didn't even listen when we pointed out we were falling into a relegation battle and not a promotion fight they all should have been sacked without a doubt and probably for gross incompetence looks like we were right and they were very wrong! As for Lowe's Warchest - they discovered that didn't actually exist - and they told us that but spent the money anyway!
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why not just call it St Marys FC! Or go back to Southampton St Marys! Or merge with Trojans rugby and hocky clubs to form Trojans AC! AJax Amesterdam, Hercules (of Spain somewhere), Sparta Rotterdam, Blyth Spartans and Trojans of Southampton! After all SLH has been a bit like a Trojan Horse!
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what do they say - never trust a scouser!
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you'll have to ask Hone, Wilde and Hoos that one! As we couldn't afford the fees or the wages - and probably should have sold Rasiak and Skacel at the time instead of buying anyone I think it was something to do with the £5 -£7 million Wilde promised to inject into the club and Hone started spending before it arrived - and then it never did - and then kept spending thinking it was the only way to secure a takeover No - I didn't understand his thinking either!
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Now would be a really good time to come up with that £7 million you promised particularly since the people you brought in to manage the club - Hone, Hoos and Oldknow - went and spent it! Do the right thing for once Michael!
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we need to win this one that's why it'll be the first game I've been to since the Man Utd cup game - its time for all they stay aways like me to show they still care - and maybe be part of the crowd that makes the difference like in the old Dell days I haven't been for a while as the Forest and Doncaster games sucked the heart right out of me! And the Man Utd game just felt like a sham - a pointless exercise if you like time for a rallying call perhaps! a protest march against Wilde and Lowe before the game even - if it makes the difference
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I thought that after the 23rd March - i.e. yesterday - the points deduction that came with going into administration applied to next season so if we go into administration on Thursday but stay up we would start next season on minus 10 points the gamble being that we would then finish 10 points above the bottom three next season! that makes more sense to me than taking the 10 points this season and guaranteeing relegation if we stay up this year we will get an extra £2.1 million from TV money next year for being in the CCC that's worth the gamble!
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maybe its a really good time time for Wilde to come up with that £7 million he promised, and that Hone and Co then spent, and he never delivered! go one Michael, do the right thing, you know you should! or maybe Lowe and Co should issue some new shares - I am sure Crouch would buy them
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the move to St Mary's was thr right thing for SFC - beyond a doubt. the problem is where the extra money it generated went. In 2003 we were something like the 10th largest club in England based on attendance over the season and something like 7th in terms of revenue due the the FA Cup run we qualified for the UEFA Cup, appeared in an FA cup final but then failed to take the step forward Bridge was always going to leave for Chelseas and the money - but we simply failed to replace him or strengthen the team a total failure to sieze the day we should and could have replaced Bridge with Konchesky and Malbranque instead we bought McCann and Phillips in Lowes first reign we spent as much on players as we made on selling them - we failed to invest in the team time and time again and yet over that 10 year period our revenue was roughly £50 million more than our wage bill - so where did it all go we didn't pay off the stadium as at least £23 million was still to pay when he left so where and what did it go on?
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Pompey have something like 14 players out of contract in the summer (including Kanu/Campbell/etc) - and will lose most of those whether they go down or not as their wage bill is simply too big for them to sustain they are also £40 million or more in debt still - so even if they stay up they'll have to sell players like Kranjkar and Crouch to raise money if they do go down they will lose nearly all of their current squad - so I'll think they will struggle in the CCC if it comes to it