Matthew Le God Posted 23 June, 2009 Share Posted 23 June, 2009 http://www.saintsfc.co.uk/page/NewsDetail/0,,10280~1699043,00.html Tony Lynam, Managing Director of Pinnacle Property Consultants, has issued the following statement following yesterday's Football League announcement regarding the proposed takeover of Southampton Football Club. "As I am sure that you are all now aware, yesterday we received the news that the Football League have insisted that we agree to sign a waiver to our right of appeal over the deduction of 10 points next season. Needless to say, we hold a different view to the Football League, and maintain the belief that we should be granted the opportunity to appeal their decision. "This is not an issue over the 10 point deduction, more the fact that in meeting every condition within the Football League's rules, we should be allowed the right to appeal, should we wish to do so. "The overriding question that arrives from their conclusion is that if they are so adamant that they were correct in their initial decision to deduct the Club 10 points, then why refuse us the opportunity to appeal this? "We are pleased that these views are shared by Administrator Mark Fry. "Last night we were promised an agreement from the Football League that would outline their position and the options available to us; however, this only arrived this morning. This document is now in the hands of our lawyers, who are looking at it and will report back to us with our options. "As I have stated before, we hold no animosity with the Football League, and appreciate that we will need to work closely with them in the future, however, we feel that we have a very strong case and would like the opportunity to present this. "We hope to reach an agreeable conclusion to the remaining issues that we now have to overcome as soon as possible, and aim to deliver these to the Football League this evening. In the meantime I would like to thank both the dedicated staff at the Club, and also the fans for their continued support. Tony Lynam Managing Director Pinnacle Property Consultants Link to comment Share on other sites More sharing options...
thesaint sfc Posted 23 June, 2009 Share Posted 23 June, 2009 Fingers crossed we hear something tomorrow then! I won't be holding my breath though. Link to comment Share on other sites More sharing options...
Mole Posted 23 June, 2009 Share Posted 23 June, 2009 This document is now in the hands of our lawyers, who are looking at it and will report back to us with our options. Good luck Tony. If we have a case, and the case doesn't affect your ability to go ahead with the purchase, then it is your duty to pursue it. Link to comment Share on other sites More sharing options...
saint_stevo Posted 23 June, 2009 Share Posted 23 June, 2009 MLG are you his PA? EDIT- Personal Assistant, NOT Paul Allen..... Link to comment Share on other sites More sharing options...
SFC Forever Posted 23 June, 2009 Share Posted 23 June, 2009 You won't believe how many fingers are crossed. Link to comment Share on other sites More sharing options...
GeckoSaint Posted 23 June, 2009 Share Posted 23 June, 2009 Interestingly, Pinnacle are now allowed to publish articles on the OS. We must be getting closer! Link to comment Share on other sites More sharing options...
Nolan Posted 23 June, 2009 Share Posted 23 June, 2009 Pinnacle updates appearing on the official website is a good sign..... Link to comment Share on other sites More sharing options...
Matthew Le God Posted 23 June, 2009 Author Share Posted 23 June, 2009 MLG are you his PA? EDIT- Personal Assistant, NOT Paul Allen..... Just keeping people informed rather than searching through large threads or other websites. Trying to be helpful. Link to comment Share on other sites More sharing options...
Wurzel Posted 23 June, 2009 Share Posted 23 June, 2009 http://www.youtube.com/watch?v=e0daTVnJmt8 Link to comment Share on other sites More sharing options...
saint_stevo Posted 23 June, 2009 Share Posted 23 June, 2009 Just keeping people informed rather than searching through large threads or other websites. Trying to be helpful. Fair enough then, just wondering if in fact your the man with the plan Link to comment Share on other sites More sharing options...
Matthew Le God Posted 23 June, 2009 Author Share Posted 23 June, 2009 Fair enough then, just wondering if in fact your the man with the plan Nope I'm just a fan with no knowledge of what is going on what so ever. Just hoping to add lots of 0's to the money box for Saints in Football Manager 2010 and watch them from my seat for real at St Mary's. Link to comment Share on other sites More sharing options...
OldNick Posted 23 June, 2009 Share Posted 23 June, 2009 Sorry but that is no more than we have had before.They are still asking to fight the FL and do not state what was said on BBC south last night that they would definatley pay the wages etc. I dont want to unsettle things but it seems all just a rehash of all the other statements but put very respectfully and carefully. I want again to be wrong of course. Link to comment Share on other sites More sharing options...
grammy Posted 23 June, 2009 Share Posted 23 June, 2009 Is this football league nonsense really worth the risk of your consortium losing the opportunity to buy the club Tony? Mark Fry has now stated we are back in a first come first served situation (according to the echo) Or are there other reasons the deal has not yet been completed? We are two days away from pay day and I am led to believe that bonuses are due as well adding up to around 750k total. If as you say this situation is not a deal breaker and that the players will be paid then why not pay the money for wages now. This would do more than anything to reassure the fans. Link to comment Share on other sites More sharing options...
parkgatesaint Posted 23 June, 2009 Share Posted 23 June, 2009 Personally, I would accept the 10 points deduction, buy the club tomorrow and get on with sorting out pre season, season ticket sales and many many other things that need sorting before we play Milwall in just over seven/eight weeks time.. it is not a long time is it ? If we are up and running for their visit to SMS then the ten points will be quickly won back on the playing field......if we are not sorted on the field come the start of the season I can see us "throwing away" ten points on the pitch that we have "won" back in the courts. It is not my money, agreed, but for the good of Southampton FC, the employees and fans who are desperate to move forward Wednesday 24th has to be the last day of takeovers and such discussions. If not I am watching Wimbledon for two weeks and will not come back to this website until that is all over as I cannot stand the tension !! Link to comment Share on other sites More sharing options...
saintbletch Posted 23 June, 2009 Share Posted 23 June, 2009 Interestingly, Pinnacle are now allowed to publish articles on the OS. We must be getting closer! That is an interesting development. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 23 June, 2009 Share Posted 23 June, 2009 I dont want to unsettle things but it seems all just a rehash of all the other statements but put very respectfully and carefully. Nick, thought the earlier statement was for 'us' on here and this is the public statement ? Link to comment Share on other sites More sharing options...
hypochondriac Posted 23 June, 2009 Share Posted 23 June, 2009 Sorry but that is no more than we have had before.They are still asking to fight the FL and do not state what was said on BBC south last night that they would definatley pay the wages etc. I dont want to unsettle things but it seems all just a rehash of all the other statements but put very respectfully and carefully. I want again to be wrong of course. Nick why are you so down on them all the time? I know it's frustrating but I have seen nothing yet to get me concerned to the extent that you are, unless you know something I don't? Link to comment Share on other sites More sharing options...
Um Bongo Posted 23 June, 2009 Share Posted 23 June, 2009 This feels like it's never going to end! Link to comment Share on other sites More sharing options...
Saint Charlie Posted 23 June, 2009 Share Posted 23 June, 2009 TL is just exploring all avenues open to him to get the best deal for his group+the club. He is clearly edging closer to a compromise with the Fl+things are ongoing. TL has said he 'will takeover the club' and the way in which he has conducted himself thus far leads me to trust him. Link to comment Share on other sites More sharing options...
BARCELONASAINT Posted 23 June, 2009 Share Posted 23 June, 2009 I think those with all the clever suggestions about what Pinnacle should do should just let these guys get on with what they have been doing and stop being so melodramatic. Do some of you not honestly think they have not considered every angle and every consequence of each move with the FL???? Of course they have. They obviously believe they have issues they can deal with that in the long term will benefit the club they are purchasing and those benefits will be passed on to the fans if they stand their corner. Let these guys do what they have to and have faith that they are having good advice from their solicitors and those around them. I trust MLT and his body language tells me this takeover will happen. Keep the faith. COYR!!!! Link to comment Share on other sites More sharing options...
beatlesaint Posted 23 June, 2009 Share Posted 23 June, 2009 Very very disappointed this is still going on. I wish we knew what the REAL issues are, it cannot be the 10 points and right to appeal surely cos lets face it nobody has won an appeal against the FL regarding this yet and i cant see us being the first. We know Pinnacle/SFC have a strong case, we know the FL havent exactly been fair but all this talking is not going to change things. If all the money is in place and this deal is for the longterm future of the club and not the short term then regardless of the argument woth the FL please sign the bloody papers. The dispute with the FL is short term planning and is not an issue they will cave in on cos they will NOT be seen to lose face. Come on Tony.............please Link to comment Share on other sites More sharing options...
Mole Posted 23 June, 2009 Share Posted 23 June, 2009 Pinnacle updates appearing on the official website is a good sign..... Yes it is. Link to comment Share on other sites More sharing options...
M271 Posted 23 June, 2009 Share Posted 23 June, 2009 If we are up and running for their visit to SMS then the ten points will be quickly won back on the playing field......if we are not sorted on the field come the start of the season I can see us "throwing away" ten points on the pitch that we have "won" back in the courts. I totally agree with this view,it could cause real pain to the club to win back (unlikely) the 10 points but then be ill prepared for the new season and throw away those hard won points. Its a dangerous game that they are playing with the FL and the Purchase of the club, sometimes principles have to ignored to get the best overall long term resolution for the club. If in accepting the 10 points it means that more points deductions will come then thats a different situation. Link to comment Share on other sites More sharing options...
surrey1saint Posted 23 June, 2009 Share Posted 23 June, 2009 +1 lets get this sorted,take the -10 points and worry about it later! COYR. Link to comment Share on other sites More sharing options...
northam soul Posted 23 June, 2009 Share Posted 23 June, 2009 How long can the club (not that it has any say) let this go on for if we are to have any chance of being ready for the start of the season. If Pinnacle say this is not a deal breaker (their words) then surely we must at some point draw the line and get on with it.Players are now back in training,contracts need sorting and new players need identifying along with a manager.We now already have an excuse for a poor start to the season when i am sure we were all hoping to get off to a flyer with a wave of optimism. Season tickets need to be sold and i am sure existing holders will have first priority over their old seat so we could have potentially between 5-10,000 people waiting to hit that ticket office,it took them long enough in the past to send them out so how will they cope now. Thank you Mr Lynam for the effort put in up to now but i feel the time has come to either sign the deal or step aside, please do not grag this on for weeks and then walk away or our club will be gone for good. Link to comment Share on other sites More sharing options...
beatlesaint Posted 23 June, 2009 Share Posted 23 June, 2009 Fingers crossed we hear something tomorrow then! I won't be holding my breath though. I wouldnt no. If Pinnacle submit their papaers to the FL this evening they wont be looked at by them until tomorrow. They will then submit their response, possibly late tomorrow afternoon which Pinnacle will want their lawyers to look over again....and so it goes on. Thursday at the very earliest IMHO. Link to comment Share on other sites More sharing options...
Winchester Red Posted 23 June, 2009 Share Posted 23 June, 2009 Bearing in mind the actual 10 point deduction is justified (ie - it was a footballing debt, regardless of the technicalities), just think how much the other clubs are going to squeal and hate us for getting away with it. I personally would rather take the deduction anyway. Scary thought these days but it's pretty much the decent and right thing to do. (.....and then wipe the floor with them all ont he pitch!) Link to comment Share on other sites More sharing options...
JustMike Posted 23 June, 2009 Share Posted 23 June, 2009 as much as i want this to work for pinnacle and for us. i am very worried about the length of time it has taken. The players / staff etc are due to be paid thursday. The players themselves need to know what the hell is going on, who's staying etc. Wotte needs clarification also. The longer this rambles on the worse next season will be for us. This needs to be done this week, whether that be Pinnacle or Swiss lot. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 23 June, 2009 Share Posted 23 June, 2009 Some of you really need to take note of what's going on........Ticket prices, wages paid last month,we have a manager and he has spoken to pinnacle, friendlies being arranged, assurances that all is well, posting on the OS................dosn't sound like a collapse to me. Lighten up, let them get on with it. Link to comment Share on other sites More sharing options...
grammy Posted 23 June, 2009 Share Posted 23 June, 2009 Didn't Pinnacle say they had a 5 year plan to get back in the prem? Even with the minus 10 points that's still completely conceivable. 2 seasons in league 1. 3rd season stabilize in championship, promotion 4th season, Season 5 back where we belong looking down on the bankrupt skates. Come on Tony time to commit and start planning Link to comment Share on other sites More sharing options...
Nolan Posted 23 June, 2009 Share Posted 23 June, 2009 as much as i want this to work for pinnacle and for us. i am very worried about the length of time it has taken. The players / staff etc are due to be paid thursday. The players themselves need to know what the hell is going on, who's staying etc. Wotte needs clarification also. The longer this rambles on the worse next season will be for us. This needs to be done this week, whether that be Pinnacle or Swiss lot. I'd be surprised if any other group would be able to get through the legal stuff that quickly... Pinnacle have a huge head start... Link to comment Share on other sites More sharing options...
Tamesaint Posted 23 June, 2009 Share Posted 23 June, 2009 Towards the end of last week, one of the "Pinnacle posters" (ie doggface or Farmer) indicated that whilst everything was OK, Pinnacle were wanting an extension to the exclusivity. This had been refused. It does seem that this whole debate with the FL over the 10 points has cleverly given them that extension that they required. I know in theory that someone else could have outbid them, but it does not look as if that has happened. I hope, I truly hope that the extension was not needed to get the dosh together. If it was needed for that purpose or something similar , lets hope that everything is now in place. Link to comment Share on other sites More sharing options...
JustMike Posted 23 June, 2009 Share Posted 23 June, 2009 I'd be surprised if any other group would be able to get through the legal stuff that quickly... Pinnacle have a huge head start... id like to think that the others havent just been sitting on the hands whilst this has gone on and on. Dont get me wrong i want the pinnacle bid to go through, just very concerned about the time its taking...plus im itching to know who the guy is behind it all Link to comment Share on other sites More sharing options...
Winchester Exile Posted 23 June, 2009 Share Posted 23 June, 2009 Why can't Pinnacle sign the agreement with the FL then seek a judicial review of the FL's stance on holding back the license? In this way Pinnacle will not be appealing the original FL decision. Link to comment Share on other sites More sharing options...
OldNick Posted 23 June, 2009 Share Posted 23 June, 2009 Nick, thought the earlier statement was for 'us' on here and this is the public statement ? I thought it was an update.Probably just me being frustrated and being a drama queen, you've seen me get all precious after things going wrong Link to comment Share on other sites More sharing options...
doggface Posted 23 June, 2009 Share Posted 23 June, 2009 As much as I think the FL are very wrong to not allow us to appeal, clearly they met yesterday to debate this and the answer was a resounding "no". As much as I don't like it, it is their league and essentially can do what the hell they like (which they do & have on this occassion). I cannot see this "amicable" stand off ending any time soon and for that reason, I would ask that at this time Pinnacle need to put the best interests of the club first, and that in my opinion weighing up all things that they accept the leagues decision and sign on the dotted line. I believe this is in the clubs best interests as these delays could prove fatal and/or leave us very ill prepared for the new season meaning the -10 could prove irrelevant anyway, even if we do win them back eventually in January 2025. Link to comment Share on other sites More sharing options...
surrey1saint Posted 23 June, 2009 Share Posted 23 June, 2009 This has got be sorted this week,by Thursday preferably. We need to get pre- season under way,or what chance have we got ? Link to comment Share on other sites More sharing options...
Northam Girls Posted 23 June, 2009 Share Posted 23 June, 2009 SSN announced interview with Matt le Tiss in min for latest update Link to comment Share on other sites More sharing options...
Matthew Le God Posted 23 June, 2009 Author Share Posted 23 June, 2009 SSN announced interview with Matt le Tiss in min for latest update After 6pm, which in SSN news means anything from 6pm to 8pm Link to comment Share on other sites More sharing options...
OldNick Posted 23 June, 2009 Share Posted 23 June, 2009 (edited) Nick why are you so down on them all the time? I know it's frustrating but I have seen nothing yet to get me concerned to the extent that you are, unless you know something I don't? Hypo, I really am not intending to be down on Pinnacle. You have to understand MLT is one of my all time heroes. I paid £800 for a shirt of his and also named our dog (rip) after him. He is what is keeping me from disbelieving the bid. Read the son of Bob updates and as they read down they are the same just worded differently. I still want Pinnalce to win the bidding by the way Edited 23 June, 2009 by OldNick Link to comment Share on other sites More sharing options...
chrisobee Posted 23 June, 2009 Share Posted 23 June, 2009 I have nothing to add to my comments made early this morning ( except my headache has gone!) and make no apologies for simply repeating what I said: Indeed, my patience is wearing thin but this is due to misinformed, ill judged and ill advised comments made by people such as NC who seem intent as you say lancelot to disrupt moral. I'm happy to state that for the record I wholly support Pinnacle in their efforts to conclude this deal and appreciate that being rail roaded into accepting something which seems to be illegal is not something any reasonable person/entity would accept without exploring EVERY option available. Ultimately I believe we all want the same thing and until there is anything to suggest Pinnacle are not planning to proceed and throw away at least £500,000 in the process I'm prepared to let this take it's course. Buying into something like this is a massive deal, far greater than say buying a house which invariably takes months. If anyone knows anything about Company Law which dictates that a deal must proceed within the 21 day exclusivity period please feel free to enlighten me as I'm not aware of any such legislation. As I see it the 21 day period ensures that any group has time to try to conclude a takeover but given the complexity of the proposed takeover nobody in their right mind would conclude such a deal until all issues are resolved. The fact that the FL and Pinnacle are working together to resolve this suggests that this will be concluded soon. One final thought and that is if the FL were to deny us access would they actually gain from this ? I think it's clear that it would be a lose-lose situation denying access to a team who will only benefit League One with it's excellent stadium, large support and long history. Otherwise the options are to reduce the League by one team = 2 less games and less revenue or to promote another team from League 2 which apart from being very unfair would completely mess up the fixture list. So it is in no one's interest to prevent the takeover from happening and I'm sure the FL as well as Pinnacle are aware of this. So though I'm only online as I woke up with a splitting headache ( must be all this stress ) I'm very appreciative of Tony posting a message at 1am in the morning when I'm sure he would much rather get some much needed sleep! Link to comment Share on other sites More sharing options...
offix Posted 23 June, 2009 Share Posted 23 June, 2009 Thanks for keeping us updated so regularly Tony. It is much appreciated, and a welcome change from previous regimes. I also very much appreciate that Pinnacle is standing up for what is right. The blackmail being conducted by the FL with their insistence that you give up the simple elementary right to appeal is just plain wrong, and you are doing the right thing standing up to that. I just hope though that this situation does not result in an eventual breakdown of the talks. I would like to wish you the best of luck in these negotiations, and hope that an acceptable compromise can be found. Link to comment Share on other sites More sharing options...
JoeShmoe Posted 23 June, 2009 Share Posted 23 June, 2009 Jesus wept. Its 10 points. Its not 200. If this Pinnacle bid is that good with that much money behind it why would this be an issue? And all the while we get closer to a new season with no manager, no coaches. no structure and no idea I think a lot of people are going to be VERY disappointed when they find out exactly what this all entails. A stable league one club? Thats great (as opposed to out of business) but the average saints fan thinks its more than that I can tell you now Link to comment Share on other sites More sharing options...
Professor Posted 23 June, 2009 Share Posted 23 June, 2009 The blackmail by the FL is wrong, but in fairness to the other clubs in the competition, Saints should suffer a penalty for the Administration, which will ultimately give the club a financial advantage. The club will improve its standing in the football community if it accepts the penalty and gets on with it. If an appeal were to see the penalty removed because of the technicality of the two company situation, other teams are bound to feel cheated. Fans who just care about Saints at any cost, and not about football, may not care, but if you care about a fair competition then you should allow the FL to have their way. Link to comment Share on other sites More sharing options...
OldNick Posted 23 June, 2009 Share Posted 23 June, 2009 The blackmail by the FL is wrong, but in fairness to the other clubs in the competition, Saints should suffer a penalty for the Administration, which will ultimately give the club a financial advantage. The club will improve its standing in the football community if it accepts the penalty and gets on with it. If an appeal were to see the penalty removed because of the technicality of the two company situation, other teams are bound to feel cheated. Fans who just care about Saints at any cost, and not about football, may not care, but if you care about a fair competition then you should allow the FL to have their way. as long as there are no further penalties then I think we should accept it and hope the injection of new faces changes our fortunes.Even without the -10 i dont think we will win the league Link to comment Share on other sites More sharing options...
offix Posted 23 June, 2009 Share Posted 23 June, 2009 The blackmail by the FL is wrong, but in fairness to the other clubs in the competition, Saints should suffer a penalty for the Administration, That may be true, but that does not eliminate the right to APPEAL! If we were to keep that right, and use it, only to find the appeal is denied, than that's just how it is. But denying the right to appeal is what's wrong with the FL's stance. Link to comment Share on other sites More sharing options...
eharty9 Posted 23 June, 2009 Share Posted 23 June, 2009 dont they understand that everyone just wants them to buy us and not bother bout the 10 points ahhhhhhhhhhhh!! Link to comment Share on other sites More sharing options...
Ludwig Posted 23 June, 2009 Share Posted 23 June, 2009 MLT on the phone to SSN atm. Link to comment Share on other sites More sharing options...
Wildgoose Posted 23 June, 2009 Share Posted 23 June, 2009 Interestingly, Pinnacle are now allowed to publish articles on the OS. We must be getting closer! Good point..... Link to comment Share on other sites More sharing options...
NickG Posted 23 June, 2009 Share Posted 23 June, 2009 MLT still sounded confident on SSN live minute ago - but hopefully within 48 hours but you never know with lawyer! Link to comment Share on other sites More sharing options...
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