Guided Missile

Not that I don't enjoy watching the monkey jump up and down, screeching and holding his tin cup out for coins, but let's face it, this isn't a drug deal, it's the purchase of a football club and we should know who the guy is. I am/have been, struggling to work out the possible reason for the reluctance of the man writing the cheque to show the leadership and backbone to blow Jackson et al into the weeds by identifying himself. A rough idea of his net worth would be handy as well, just to prove what a jerk-off I am for thinking that the reason he hasn't been named is because he doesn't exist. If there was ever a time to lay it on the line, it is now, because neither Fry, nor the f***ing Football League would be a problem for a guy that is worth several hundred million pounds. Come on, Tony, put me in my place....

You could have lied a little bit. Ah well, off to bed. This bantering has tired me out and if I read another insult from Colin, I'll have nightmares... All the best, Neil. We must have that pint one night....

I'll bear that in mind Colin and start to panic and post meaningless insults. That should help....

Colin, I much prefer an argument, i.e. a connected series of statements intended to establish a proposition. You're simply contradicting me.

Thanks for that lesson in tact, Colin....

Unfortunately, you're bang on....the missus is at Ascot....

Neil, you have exactly two more posts to convince me Tony is still going to do the deal, as I will be in bed before midnight, with something hot beside me...

I was waiting for someone to blame Lowe.....:badgrin:

Stop replying to my posts then, Rob and put me on ignore. You're only encouraging me....

I'm still hoping to use it, TBF...

Excuse me for starting a separate thread on this, but this is an important and distinct point, IMO. It appears that the deal has collapsed because Pinnacle assumed all along that by buying an asset of Southampton Leisure Holdings plc, ie shares in Southampton Football Club, Pinnacle was assuming that as the Football Club is a separate and legal entity from the Holding company and was solvent, they would be able to appeal the 10 point deduction. This seems to have been an afterthought, however, as this is what Tony Lynam posted on this forum after being given preferred bidder status: It just shows the danger of posting bull sh!t on forums before you have run it past your lawyers....

So the correct approach is what you and Pinnacle are advocating, which is to stand firm, tell the league to f*** off and see them in court, then? I'm suggesting they pay the money they agreed, for the club that had a 10 point deduction when they made their offer, which presumably had factored in the 10 point deduction and make the 10 points up on the back of the euphoria generated by our new, multi-millionaire owner and 5 year plan. Remember the 5 year plan???? 10 points doesn't seem a lot over 5 years, does it?

I am far from being way off the mark.... The only reason Pinnacles' client is getting the bargain of the century in the form of a cut price 32,000 seater stadium is because SLH went into administration. This allows them an advantage over nearly every other club in League One in terms of potential revenue, thus player investment. The £15-20M they are saving on the deal, on the back of shareholders and creditors who are losing their shirts, is costing ten points, ie 3 wins and a draw. Like I said, Money Talks and Bull sh!t Walks....

Bang on the money, Steve and correct me if I'm wrong, but this would have been known before Pinnacle made their offer, wouldn't it?

They don't. The Administrator of SLH satisfied the creditors when they accepted Pinnacles' offer and provided an exclusive period to close the deal. Fry could not have accepted the offer for SFC unless it did....

With great respect, this is a total load of ******... Firstly, you have to be in a position to apply for an interim injunction and the only corporate entity that can do that is SLH aka Mark Fry and I can guarantee he won't. Secondly, you then have to hope that the judge will grant the interim injunction and I can tell you that the rule with these is that if the potential damage caused by the alleged breach you are trying to injunct can be remediated by an award of quantifiable damages, you won't get one. As the season doesn't start yet, I am trying to figure out any damage the leagues' position will cause, TBH. This is like me wanting to join Stoneham Golf Club and applying for an injunction to prevent them from cutting my handicap, FFS. Get real, everybody. The 10 point deduction was known when the deal was agreed with the administrator. All the league wants is for the new owner to pay the football related debts and reach a CVA with the non-football creditors and not to force the League to spend a million or two on legal expenses to let us play in their league... ...oh, and what's the betting that the two remaining questions that Tony Lynam has for the Administrator are: Will you take an IOU for most of the asking price, and Will you take an IOU for most of the asking price....

Money talks and bull sh!t walks.....

In practical terms, this argument means nothing, because there is no way the League would risk a legal fight if there is a chance they would lose. The reason? Damages if they are wrong....massive Additional benefits to the league if they are right....f*** all The best thing is to let the club play this coming season with both sides reserving their legal position...and that is what they will do.

I sincerely hope so....

Truely, madly, deeply....

...and Bull sh!t Walks. I would expect the job for today is a quick trip to the bank to organise the transfer of ca £15M of cleared funds into Barclays account in readiness for completion tomorrow. I don't think Fry will be too impressed with grainy photos of Kevin Keegan or a list of potential directors of the new football club, who are all clamouring to play with the new train set, that a mystery buyer has financed for them. In the scheme of things, I will repeat what I have been saying for some time. I will be amazed if a pair of potless dreamers, one admittedly a legend for a fan like me and the other an apparently, charming Irish chancer, arrange the money transfer that will finally complete a deal this week. In preparation for tomorrow's takeover, I will pre-post my grovelling apology, as follows: "In a triumph of hope over financial reality, Pinnacle in the form of Tony Lynam, have organised the financing of a multi-million takeover of Southampton Football Club, managing to convince one of the nicest guys and most gifted footballers in Saints' history to lend his support. I for one would like to offer my deepest gratitude and congratulations for succeeding in this venture and look forward to supporting the new club as I have done in the past, with a spirit of hope and expectancy. I deeply apologise for doubting the financial capability of Pinnacle and Tony Lynam in particular, in succeeding against all odds and can only say that my scepticism was fuelled by the recent experiences of being a Saints fan, with so many false dawns". I am sure that many on this site will wish to add their congratulations and/or apologies, in the same way, when tomorrow comes...

Has anyone thought that the deal that is on the point of collapse could be the arrangement between Pinnacle and their multi-millionaire client? The legal arrangements with the Administrator will be negotiated by lawyers instructed by the principle, not Pinnacle and asset/share purchases are not that complicated. Maybe, just maybe, Pinnacle's contract with the client was done over a beer in the Lock, Stock and Barrel and getting it on paper, is proving a bit more difficult, now that Daddy Warbucks may be thinking he doesn't need his ginger-haired orphan anymore, particularly when the exclusivity period expires. In other words, remember the golden rule. He who has the gold, makes the rules...

Here it is....

Yeah.....

I bought an Echo at 8:00AM this morning, read it and posted what it printed. You obviously didn't, so I'd pop out, buy one and post an apology...