Weston Saint

Leon Crouch is providing a loan to the football club, SFC Ltd who are not in Administration. It is a loan he will expect to be repayed should a new owner purchase the football club. Other than that I do not know the terms. I assume he stands to lose the lot if the club is liquidated. Whatever the terms and whatever he has done before this IS a lifeline and he deserves credit for that gesture and commitment.

Leon Crouch is providing a loan to the football club, SFC Ltd who are not in Administration. It is a loan he will expect to be repayed should a new owner purchase the football club. Other than that I do not know the terms. I assume he stands to lose the lot if the club is liquidated. Whatever the terms and whatever he has done before this IS a lifeline and he deserves credit for that gesture and commitment.

To-morrow, and to-morrow, and to-morrow, Creeps in this petty pace from day to day, To the last syllable of recorded time; And all our yesterdays have lighted fools Macbeth Seems apt at the moment.

This is a buyers market. The buyer should have the initiative. Make a written indicative bid, prove the funds for the same, ask for full due diligence or publically walk away from the table. Put the pressure back on the creditors. I am not sure the Pinnacle group have reached the written indicative bid stage yet. That has to be a powerful tool and lack of such suggests a lack of real desire or finance. I am with GM on this one.

A very good and worrying point Steve. That and my reasoning above is why I am fairly convinced we are history.

We need to look at the market. There is no billionaire out there willing to buy Saints as a toy. The only interest so far has been from businessmen who will expect to see a return on their investment. There has been talk on here of restructuring the debt with Aviva. Any potential buyer will not want to do that. He will want to purchase the stadium for as cheap as possible. Restructured debt is a continued millstone around the neck. Some talk about a separate buyer of the stadium. Any potential buyer of the football club will not want to have to pay rent and lose income from other uses. Let's not blame Aviva for any of this. They have been very helpful and understanding up to now. It is not their fault the business is in the mess it is. Barclays may be a different story as they seemed to allow the Hone regime increase the debt imprudently. They took the risk and should be in the queue of blame after the Board of Directors.

My money is on us not finding a buyer. Bid on the table rejected by Administrator. Pinnacle led bid never materialised. Pinnacle saying they can still put something together suggests they are looking for a money man again. Unlikely in my opinion. Genuine overseas interest this morming seems not to have materialised later this afternoon. Plenty of genuine best intentions but when push comes to shove the real money men fail the test. I don't expect a positive outcome to our Administration. I am quite depressed about the whole situation this evening

Safe journey Si.

lol

Would not worry to much about them heralding Le Tissier as a supporter. Le Tissier plays golf with Lynam and is a good friend. What if Le Tisier was the one who went to Lynam and asked him to look for investors? I do not know this has happened but it is a thought. There was a written bid tabled and it is possible the Pinnacle interest panicked as they were still at the preparation stage so wanted to get it out in the public domain and hope that a wave of support would delay any decision. All we all want and I include Green, Jackson & Le Tissier in this, is a club we can support in Div 1 next season. Providing whoever comes in can stabalise the situation, have a little money to strengthen the team and a plan to take us forward and restore some of our former glory that will do for me

Why are we arguing with a Pompey supporter about Pompey matters. This is a Saints forum. Take it to the Lounge....no wait the Muppet forum is better. Back on track, I hope something is sorted on Monday. I do not know who is behind the Pinnacle interest but from a few who do they tell me it will be positive for Saints. Nothing wrong with the other bid on the table either. Just wonder if something might come from the left field next week. However for the present the Pinnacle one seems to be in the driving seat but time is running out.

:smt045 :smt045

From the comments Fry makes to the media even he does not seem ITK at times:rolleyes:

Fair enough Robbie. It is harmless enough from you:p

I think someone is winding you up Holbury. On one occassion when 19 posted, at the same time Andrew Cowen was sat down eating. I know, I was in the room at the time. I also know who 19 is and he is definately not Andrew Cowen. The owners of this forum will confirm.

For someone with your education and standing within your employment I find your comments suprising

Interesting you say "ultimately what their motives are" If my guess is correct it still sits comfortably with me.

Well said that man

One of the biggest problems with information on Saints ownership is that those enthusiastic to inform and those anxious to receive forget that we are in shifting sands. What may be perfectly good and honest information from sources can quickly be changed by events.

Isabel is perfectly ok as a spelling

That has never been made clear. I assume when they need to pay the players. I would suggest next Thursday may be the latest as that is likely to be when the wages need to be paid.

It's not over until it's over. Thank God it's not over and they are still negotiating. I have received no information from the contacts of both the front runners since early this morning but the fact talks are still going on is encouraging. I can wait.

Nope.

Highly unlikely in my opinion

He has to do what is best for the Creditors BUT if that meant the end for Saints who would want to employ his company as Administrators with this public (and it will make headlines) failure. Don't you worry he will be working furiously for Saints survival in some form but if your text is correct it looks bad.