Smirking_Saint

I suspect that if they were sold it would significantly reduce the appeal of the club to any investors. Probably was a tough call but realistically would you buy the club if it had no real assets ?? As hopkins has said we would be in a better position to 'sell' the club if we are in a position to maintain our CCC status, or even if in the case of a points deduction we are strong enough to come back up, a fire sale would have doomed us, IMO anyway

Nobody has picked up (from what i have noticed) that Derby County did this a while ago and so they got away with it. I have taken this off of the daily echo website Derby County provided the precedent which has seen Saints avoid a 10-point deduction for their parent company going into administration. Back in October 2003, when ex-Saints boss George Burley was in charge at Pride Park, the Rams' parent company Derby County PLC were taken into receivership by the Co-op bank with debts of around £30m. But Derby County Football Club, a seperate organisation under the umbrella of the Derby County PLC company, were not taken into administration and had no points deduction. Within minutes of Derby County Ltd going into receivership, a consortium took over from them and that company ceased to exist Link - http://www.dailyecho.co.uk/sport/saints/news/4251026.Football_League_says_Saints_will_not_be_deducted_points/ So, hoping and praying that rupey will pull this off !!! I may say a small and very shallow thank you under my breath so nobody actually hears and then usher him from my life/club forever.

Southampton playing the administration card by NEIL ASHTON Last updated at 12:39 AM on 01st April 2009 Southampton's future will be on the line this morning when the holding company that owns the club announces that it has been forced into administration. Rupert Lowe Lowe point: After returning to Southampton as chairman of the PLC last year, Rupert Lowe has now seen the club's holding company enter administration. Sportsmail can reveal that Southampton Leisure Holdings, the vehicle that allowed Rupert Lowe to regain control of the club, will make the announcement to the Alternative Investment Market today. Saints, who are fighting for their lives at the foot of the Championship, will avoid an automatic 10-point penalty by Football League chiefs because it is not the club itself that has been forced to admit financial defeat. Although League chiefs are furious that Saints appear to have bent the rules to their advantage, they have reluctantly accept that the company which owns the majority stake in the club are in financial meltdown. Saints are three points from safety with six games to play in the Championship, but officials at the club have accepted that they have little chance of avoiding relegation. They missed the Football League deadline last week to enter administration with a 10-point penalty in the Championship, but they are actively seeking new backers to keep the club afloat. Staff were told last night that their jobs are under threat and many of them face dismissal or mandatory pay cuts as Saints attempt to restructure their disastrous finances. Southampton have been managed by Dutchman Mark Wotte since Jan Poortvliet resigned in January after six months in charge, but he has been unable to transform their fortunes. The decision means that Saints, who were in the FA Cup final against Arsenal just six years ago, will start life in League One next season without a points penalty. Saints have been forced to close off parts of the ground to cut costs this season and they have been asset-stripping the squad all season. Saints moved to their new stadium in 2001 with a huge sponsorship deal with Friends Provident, but that has since lapsed and they are struggling to meet costs. I think it's real. although interestingly they speak of us being let off the deduction ?? Could it save us ?

i play on ladbrokes and i am up, don't play it too often though and don't play with a lot. Like stanley said graphics don't mean much to me, just need a table, cards and some stupid enough people to match my big bets.

F*ck me and i missed this because ??? Serves me right for watching dave.

God i am so f***ing angry, what a crap month this is turning out to be, lucky i got 3 weeks off work because i can't see me getting much sleep.

yeah, the reason we are in this sh1t in the first place. He should have f***ed off after the cup final.

Sh*t, firstly because i just spent almost an hour reading through this thread, secondly because of this. I could cry, i am still going to hold on to what little faith i have left that it could end up better then feared. As for the selling the parent company and so risking the wrath of the league thing, at the moment it's got to be worth a shot, we will end up with points deductions anyway, and either way if this is true (which i am seriously believing it is with what i have read) we will probably be f***ed after admin anyway.

Never liked it, my brother and missus however do and bang on about it, but not for me. If i wanna watch a load of council wastes of space i'll go and hang around St Mary's

Hmm, 2-0 win this weekend against 2nd with a friendly coming up and then 1st in the league this weekend. Could still get promoted i think, team is not great but two decent strikers, my decent CB though got pointlessly red carded and the quality midfielder i just brought has upset the team (w*nker)

Poor signings i agree, but could we really afford to sign anyone else ???

I have one on now.

If true, fair play to him

Now you mention it so does mine.

Contaminated !!!! Are you implying we are as unclean as our neighbours down the road ?

Hmm, another if they don't agree then nobody should ever have access, just like every other article in the crappy paper.

Totally agree with this, believe that the treatment our veterans recieve is terrible, just seem to get forgotton, especially the ones that fought for our freedom i.e world wars. And the ghurkas are just treated completely unfairly. However i see the potential landmine issues that this will undoubtedly drag up. Maybe having a minimum service time or action seen or something :smt017 As for the above quote, wow, that quite alot of animosity towards the students, without which many of the services we recieve would not be available. I do agree that many seem just to p*ss it up and do next to nothing however if they do take up the pointless degree courses etc they end up paying for them without having anything to show. I have been a student, both at college where i undertook the A levels and Btec course that got me the job i have now and i am currently half way through my degree in electrical engineering, albiet that i am employed and so paid to undertake the course i am still a student. A bit of a stereotype i feel. And yes i would say the majority of students would end up paying back more taxes.

Lounging in long shorts, way forward.

I have a few

God i need some sort of good news regarding saints right now but i just can't see it happening. As has been said before on here even if this is pulled off we will probably be shafted by the FA anyways. Seems a good idea in practice. Would the stadium really be worth that much to anyone else anyways ?? I assume that there is little planning permission available on the area ??

yeah, i would wear them, mostly on holiday in warmer climates, you do look a bit suspect walking around with them on in the gloom.

depends where you wear them ??? Don't see as being massively gay.

So, if this happens, which owns the asset of the stadium ?? Is it the clubs asset or SLH's, surely the players and stadium are worth more than 3 mil ??

How long until the next thread....... 'So this was Lowe's plan to stay in charge all along' *Sigh

Just to clarify, clearly the club have no money ?? Clearly we are clinging onto life without entering admin and doing everything we possibly can to avoid it. Forgive me if i am slightly misinformed, i do not claim to be ITK, but we are struggling to stay affloat. With that knowledge in mind, why are people still argueing about the factors of having a new CEO (with astronomical wages i would expect) the fact that we can't afford decent loans (yeah, i hate it but we clearly have no choice) and putting up with the cheap options of wotte/portvliet (ok, portvliet was a bad choice but again what choices did we have ?) I hate to admit it, and i don't like the bloke but we were clearly careering into admin and obviously wilde/lowe decided enough was enough. They obviously jumped back in to attempt to 'stave off' admin, i don't like Lowe, i don't like the decisions he makes but i don't see the choice. ADMIN is NOT an option.