Guided Missile

An old story from the Independent, but surely it's likely that it's Tom Anderson who has returned to pick up a bargain? I look forward to confirmation, or otherwise, from tommac, if he's reading. I've missed him....

I read your self serving bullsh !t posts with disdain

You make me vomit, you plastic to$$er...

During the last two home games, I had a different fan sitting next to me telling me proudly how he'd stayed away because of Rupert Lowe and now he was gone, he'd bought a matchday ticket. It was like meeting a long lost relative that turns up at a relative's funeral, having failed to visit them when they were alive. I hate every f***er on this website that has boycotted the club and brought us to this and I read their self serving bullsh !t posts with disdain. The problem is that there are so many long distance stay aways that post boll ox on here that people think they also represent the fans that stuck with the club, irrespective of who was on the board or whether we were winning. You're right and so is Stu. You don't deserve this situation and I wasn't suggesting that. I'm sorry if it wasn't clearer...

You prefer to wallow in ignorance then TIT? Yet you hate "...getting thrown into something and us fans know nothing" Try reading facts and learning, if you can wipe the drool from your lips for long enough....

of an investor buying the club? Anyone with a passing interest in our club will have noticed how failure, or even class background, was punished by many fans. Some simply boycotted, on the basis that until Lowe left, they would stop going, even being encouraged by the prospect of administration making his departure more likely. We now have the same fans begging for a new owner to invest many millions in rescuing us and I have some sympathy for these potential investors, people like Gavyn Davies, thinking carefully about the consequences. Failure in how fans are treated, how succesfull the team is, whether the right manager is chosen may result in the same outcome. A disagreement about the running of the club and the same whining cry babies will go shopping instead of cheering the team on. A no win situation for someone like Mr. Davies, even if the club may be a good investment. The chance to become a hate figure and losing upwards of a £25M investment? No thanks... In the end, those fans will get the club they deserve...and it may be no club at all....

Total ******....unsecured creditors, maybe, but if Aviva are expecting 10p in the pound for St. Mary's Stadium, ie £2.4M, I'll buy it tomorrow....

I hate to p!$$ on your chips, Danbert, but read this post from 2006 and the "crap argument" I was having re the Merlion Group, before the housing collapse: Wilde is to business, what Pinnacle are to takeovers and your are to perceptive analysis...

Great Point. I'd buy 10 if it helped....

...it might be worth looking at the latest credit report update (yesterday) on Wilde's company, Merlion Group Limited: Subject Reported on : MERLION GROUP LIMITED Registered Office: Harbour Ct, Compass Rd North Harbour, Portsmouth, Hants PO6 Credit Score - 7 out of 100 - Extreme Risk! - This company exhibits characteristics similar to companies who have generally failed. Credit Limit - GBP 0 Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time. This guy is a walking disaster area when it comes to businesses. Anyone who supported him shares the blame for our demise, IMHO. Crouch is trying to make amends for the damage he helped inflict. I wonder who else will? (Cue posts blaming Lowe from the normal window lickers)

The normal course of events is to agree a price in principle, provide a deposit binding both parties, together with proof of funds. I can't quite understand how proof of funds, ie a letter from their accountant/bank confirming that the buyer has sufficient funds for the agreed sum, would "push the price up". The more likely explanation is that the guys worth "big bucks" have walked away and a substitute sugar daddy is being sought. Then again, what do I know....?

Here's one hypothetical response... ...and here's another one. The consensus was they were both sh !t ideas and that it would be better for Saints to go out of business....

It was this post of yours that reassured me, Neil: I'll file it under "Bulsh !t Baffles Brains"....

Since your reassurance regarding the Pinnacle bid, Neil, you're credibility is close to zero, at the moment...

I'm waiting expectantly for Dalek 2003...

That is no problem for a lawyer and normal practice when buying a company. You simply adjust the offer price for any material change in the value of the assets between exchange of contracts, payment of deposit and completion. The problem is the money, IMHO, not the audited accounts of a plc....

The Echo says that the holdup is a delay in Pinnacle signing a legal contract which commits them to paying a £500K non-returnable deposit...

A minor point.....Southampton Football Club happen to play at St. Marys (Owned by SLH), FFS. You're assuming that the bidder buying St. Marys Stadium is not Toys "R" Us looking to relocate....

So you don't have a clue about this guy and yet you disagree with me? He lists his address on the Companies House return and it's a house worth about £300K in Park Gate....don't tell him I posted that, though, he might be insulted...

The companies that Lynam is a director of are, according to the accounts he has lodged at Companies House, potless. He is Irish and lives in Locks Heath. Can you highlight in bold which "accusation" your mate would find "insulting"?

Ron, unless you are their bank manager, you have no clue whether they "would have no problem" with the deposit, as you are relying on what you have been told by salesmen trained in bulls h!t. I pray I'm wrong, but I think we'll find that we have some kite fliers who are thrashing about trying to raise funds, to play their game of Monopoly. Writing a cheque for £500K really does concentrate the mind and the "moneymen" have rarely earned their money on the back of a couple of chancers who have failed to make money in business themselves. I think it will be a case of, "Do not pass Go, do not collect £200". But, again, I hope I'm wrong...

My gut feel is that Pinnacle, or anyone else, for that matter, will have to provide a deposit of, say, 5% of the offer price, for the privilege of having "preferred bid" status conferred upon them, together with proof of funds for the remainder of the bid. This deposit would only be returnable should further due diligence uncover a material change in the club's circumstances to that which have already been presented, ie there's not much chance of getting the deposit back. This would be a fair request from Fry and one which, IMHO, neither Lynam nor Jackson, would have any chance of meeting, because £500K in readies and proof of access to £10M in available funds, would be a major problem for a pair of dreamers like these. Still, we could be an hour away from the same-day transfer of the money, some eccentric millionaire has entrusted a potless Irishman from Locks Heath or a former bankrupt photocopier salesman, to spunk on his behalf...

Is the £8M offer inclusive of the Monkeychicken petting zoo??

Only mention of Saints on the 12:00 o'clock news on Solent was about the f***ing rugby world cup at St. Marys....