Weston Saint

I know Morph and he is certainly not female.

I think you must have fallen off the wall Nick

One more thing. Reading this thread and others many seem to assume that Marc Jackson will have some influence or say in the running of SFC should "his" consortium be successful in purchasing the club. As far as I am aware he is not putting any money of his own so why would he be part of the end product?

Knowing many who are in the Salz camp don't knock them. They are passionate Saints Supporters. They are very successful business men. Their skills are sought after particularly in the UK and they have no need to work if they do not want to. Their only weakness is the inability to be able, themselves, to commit enough money to Saints to make them front runners to purchase from the Administrator. They will not waste his time (as tyre kickers tend to do). They had preliminary talks the week we went into Admin. I suspect Fry has them within his radar should all else fail. Morph will know doubt put me right if I am wide of the mark.

But you look at it first with your own eyes not rely on the Estate Agent or Car Salesman telling you how good it is. Same thing here. Due diligence then the £500,000 non returnable deposit in advance of full exchange of contracts.

Robbie I think you misunderstand the position. As I understand it there are two parts of due diligence. The first is to look through the information the Administrator provides as to the state of the club, it's finances and future contracted costs (the players contracts). He will not provide such information until he knows the interested party is serious and proves he has the funds. Once they have looked at the information they then make an indicative bid. Because the Administrator will not provide a guarantee that all the information is correct and no hidden shocks the second part, after he has accepted the indicative bid, is to carry out the second due diligence by bringing in forensic accountants and legal team. Cost circa £100,000. What Fry wanted to undertake the second part was a non refundable deposit of £500,000. That has been the stumbling block and no takers. Because of the impass he has now reluctantly granted the second stage to one team but because of the lack of deposit is refusing to give them preferred bidder status meaning he can still talk to others and give them the same opportunities. To say the "Jackson Group", for want of indentification, is behind the due diligence game is wrong. They lead at present. Their worry is paying out such further investigation costs without exclusitivity could mean someone else could come in and do the same possibly rendering their costs as wasted but that is a chance they are taking as time to save the club is fast running out. It is possible the "Pinnacle Group" will return to the table but my understanding reading posts on here is that they suffered a fatal withdrawal of funds from some of their consortia. There is rumour of a "overseas group" but if so why give the "Jackson Group" access? Finally the "Salz" group seem to be keeping a watching brief in case of failure and may be positioning themselves try to step in as the "bid of last resort" Their team is excellent but lack the money of the others. Anyone want to disagee with my view?

Actually Le Tissier said he was not sure he would stay if we went down....we did not in his time so no need for a decision but Jones is saying nothing different in my opinion. Agree though his strike action here was well out of order. Would never wish him harm though.

It gets trashed by some when it is posted so just wait for official announcements. Matters are progressing

Suprised you say that Rich. His tactics particularly using the diamond formation was a big mistake but he does not know any other way.

That made me smile in a comedy sort of way.

Who says he is not? This is not a simple I will pay you this for that.

Don't think so Nick. Just nice to know there is a fall back out there

Picking up from Morphs post today and what I know of the figures Salz and his team have at their disposal, it would seem so but like everything there is no certainty.

Good to hear Salz is still taking an interest and awaiting an invite to bid. Surely it is obvious what this is about. It is not about the wily old fox waiting his chance. It is a Saints fan who can get some money together from a group of weathy fans to save Saints if all else fails. He is the SOS we tried to be, the port of last resort. He and the Administrator knows his group do not have enough money to compete. But if all else fails......

Well you have all had your say. Doubt you will hear anything more other than from the Administrator and not this week is my prediction.

I have to endorse Phil's post above. Marc Jackson has spent an inordinate amount of time trying to save SFC. He has had his highs followed by his lows and not much sleep. Whatever the outcome, and it is far from certain we will survive, at least he and Stuart Green are trying with the help of some knowledgable and helpful individuals. Give the guy a break. I can understand the doubts from his past history but if you do not want to say anything nice or encouraging try saying nothing and wait and see. If it goes tits up you can smerk but ask yourself "what have I done to help" as SFC sinks forever.

That is not my understanding of the matter. It was the bounced cheques that led Lowe to call in the Administrators. He had a fiduciary responsibility to do so. there was no chance of funds coming in from any other source.

Although without knowledge of what went on that would be my take on it as well.

Barclays did not put us in Administration, Lowe did because we were no longer a going concern. All Barclays did (as they were perfectly entitled to do) is not honour cheques drawn over the overdraft limit after the deadline for player sales had passed and it was obvious expenditure would far outweigh income in the months that followed.

I am not aware of Cowen being anywhere near this matter now or in the future. He has other interests keeping him busy.

Because he will be spending that money to keep the club going until the due diligence and contract signing completed. It will not happen in a few days. In my opinion as I am not qualified in such matters.

One of the bigest problems is that if you pay to much for the club it reduces what you have for team building. That is not Mark Fry's problem nor that of the creditors so there is always going to have to be negotiation. Once a figure is agreed and I am beginning to think that is less of a problem than the press or many posters on here think, the next problem is the non refundable deposit to allow the real due diligence to take place. No Administrator is going to give a warranty that all the details he has given pre indicative bid is correct and complete. He needs money to keep the club going whilst that due diligence takes place at some considerable cost to the bidder (I have heard report that it can run into hundreds of thousands of pounds.) The potential buyers see that as their cost risk. They do not want to see a £500,000 non refundable deposit to be at risk as well. Suddenly we have an impass. Fry needs the money but the potential purchasers see the risk too great. That may have been the problem with the Pinnacle bid and could still be a stumbling block for any other bid. Business men with money make money by taking risks but calculated risks not the gamble that their facilitators would wish them to take. All, as Morph says, my humble opinion.

I can tell you catagorically that if the Green/Jackson led bid leads to a purchase Lowe will not be part of it in any way shape or form. Nor will he be involved now or in the future. I hope this kills your obsession once and for all.

Amen to that