benjii

How sad indeed for Saints. What an utterly ridiculous decision.

I think you mean, "sarfamptin".

What a massive story of incompetence. Written by many people. ****ing joke. I honestly don't think I could give a toss if the club survives or not at the moment. I will just go and watch Eastleigh now and then and enjoy it for what it is.

2 nil. We're dead.

Euell missed a chance..... I can't believe it.

WTF would anyone want to go to a match against Leicester? Am I ******** paying for that.

I missed that - what was the nature of the email?

So this man, who apparently has a genuine affection for the club won't even profer a pretend apology in order for the club to gain 10 points when it is in danger of being relegated? Unbelievable. And people wonder why he's unpopular. :mad:

Better than the interviews he gave when managing.

Absolutely. Pathetic that they didn't notice that for months and then just let it drop straight away.

Wasn't he playing for Charlton at SMS the other week? Sorry, sorry.... my mistake. That was Linvoy Primus. Skate bastard.

Yeah and if Kerry Dixon thinks he shouldn't be putting a grand in, he's a **** as well.

To secure his services long-term. They made an offer. We turned it down. Any price is sensible if you're about to go under.

Do some people still think he's Lord Marland? I bet he's not.

Why didn't Mike Riley save us from administration?

Unfortunately, the bank mandate is in the name of Sundance Beast (nee Flashman at the Charge) so he can't get the readies..

Yes, this is a question that needs answering IMO. I was also wondering, the other day, why Duncan Spedding didn't team up with Graham Potter and Mark Paul and save us.

He could have given Barclays some money.

He could have given Barclays some money.

He could have given Barclays some money.

It's not at all uncommon to have a secured overdraft in a commercial context. What is unusual, on a "traditional" model, is for an overdraft provider to have a senior priority position over the provider of a secured long-term loan.

This is very interesting and is not what you would usually expect. Would the provider of an overdraft hold priority security over the provider of a large long-term secured loan? Not usually. Seems to confirm my theory that I mooted before that the stadium finance is provided in a limited recourse capacity. In other words, Aviva probably only hold security over the SPV that owns the stadium, rather than having an all encompassing debenture that includes the PLC and all its assets. I imagine Barclays hold security over all other assets of the PLC, apart from the stadium SPV and its assets. Good news for the chances of avoiding a points deduction IMO and should also make negotiations with the credtiors "cleaner".

It would have been a tad more astute to sell him (or Surman or Lallana) in January really.