1976_Child Posted 25 June, 2009 Share Posted 25 June, 2009 Sorry Tony, you've been decent to keep us all informed and I thank you for that. But now both your credibility and that of the mysterious backer is on the line. You seem to have the money in place. You have already spent a tidy sum which shows commitment. You have lined up MLT to be chairman You have obviously spoken to some big-hitters for the manager's role. All these things are very positive, which is why I believe I can speak for the whole fan base when I say that we are all 100% behind you. However to scupper this deal over a lowsy 10 points is crazy. We fans don't give a monkey's. Ten points. So what? Big deal. And we don't care about whether the club was or was not actually in administration. We want our club to survive and we want to watch football next season. If the FL want to be plonkers, let them. Life is too damn short. Just accept it and sign the deal. Otherwise your reputation and credibility will drop quicker than a pompey tart's knickers when the fleet docks. Sign today, for heaven's sake. Link to comment Share on other sites More sharing options...
trousers Posted 25 June, 2009 Share Posted 25 June, 2009 But, reading how Darlington are coming out of administration, if we accept the 10 points now (thus admiting the football club is in admin), and can then satisfy the CVA requirement of doing so, there is no longer enough time before the start of the season to complete the CVA process so we would get docked more points for starting a new season whilst still in admin regardless of whether we challenge the 10 points or not. Well, that's my understanding anyway.... Link to comment Share on other sites More sharing options...
Pancake Posted 25 June, 2009 Share Posted 25 June, 2009 But, reading how Darlington are coming out of administration, if we accept the 10 points now (thus admiting the football club is in admin), and can then satisfy the CVA requirement of doing so, there is no longer enough time before the start of the season to complete the CVA process so we would get docked more points for starting a new season whilst still in admin regardless of whether we challenge the 10 points or not. Well, that's my understanding anyway.... Are there restrictions on starting the season under Administration? I tried to find that yesterday on teh FL website, couldnt find anything. Link to comment Share on other sites More sharing options...
hypochondriac Posted 25 June, 2009 Share Posted 25 June, 2009 I'm going to pull my hair out! It isn't about the -10 clearly. It's about leaving us open to further points deductions. It seems obvious to me and TL has suggested it himself. Either the football league agree a cva and give us just ten points or the team folds. I can't see that happening as that is a scenario that neither parties want Link to comment Share on other sites More sharing options...
offix Posted 25 June, 2009 Share Posted 25 June, 2009 Sorry Tony, you've been decent to keep us all informed and I thank you for that. But now both your credibility and that of the mysterious backer is on the line. BS!! The only thing on the line is their money! Link to comment Share on other sites More sharing options...
thesaint sfc Posted 25 June, 2009 Share Posted 25 June, 2009 I'd stick with it. I'd love it all to be cleaned up quickly so we can start to concentrate on the future, but none of us know exactly what the FL have said in their declaration and it could be something which prevents the club from ever reaching the full potential that TL may be hoping to achieve. Link to comment Share on other sites More sharing options...
Hopkins Posted 25 June, 2009 Share Posted 25 June, 2009 I really don't understand how it is. Surely we should let the guy who wants to save this club get on with it. We should just let the highly educated and qualified lawyers get on with there jobs and make sure everything is fine before heading into something because we cant be arsed to wait. People on here can say what they want but lets be honest they dont know every fact. I'd much prefer to back the people who know every detail of the deal, contracts and situation they are in rather than the opinion of the guys sat infront of a computer screen who only knows stuff that is posted on here. Just let them get on with it FFS. Link to comment Share on other sites More sharing options...
1976_Child Posted 25 June, 2009 Author Share Posted 25 June, 2009 trousers, either way next season is a total write-off anyway. If the players get a nice juicy offer from championship clubs - and I'll bet you all I own that some of them will have been contacted by their agents already - then they can now just pack the bags and bugger off. Would you go to a championship club which is stable and can actually pay you if you could? No brainer. So we are very likely going to start next season with a skeleton squad which will be totally unprepared for the season. Yet again, the season will be about survival, not promotion. But i'd rather we had a scrap in league one than the whole club folds completely. This is not the time for willy-waving over legal technicalities. This is about making sure that SFC remains in business and preferrably in the Football League too. Link to comment Share on other sites More sharing options...
thesaint sfc Posted 25 June, 2009 Share Posted 25 June, 2009 I really don't understand how it is. Surely we should let the guy who wants to save this club get on with it. We should just let the highly educated and qualified lawyers get on with there jobs and make sure everything is fine before heading into something because we cant be arsed to wait. People on here can say what they want but lets be honest they dont know every fact. I'd much prefer to back the people who know every detail of the deal, contracts and situation they are in rather than the opinion of the guys sat infront of a computer screen who only knows stuff that is posted on here. Just let them get on with it FFS. Totally agree. The amount of assumptions people make are amazing. We've not even seen what the FL want him to sign! I imagine its more than 20 words long. Link to comment Share on other sites More sharing options...
OldNick Posted 25 June, 2009 Share Posted 25 June, 2009 i hope both sets of lawyers are making up a statement that lets both sides have a get out. It cannot be either parties interest to let us fold. The FL need us and vice versa, i hope sense prevails. Pinnacle will come out of it well as they tried and the FL have shown steel. Lets hope there is an angle that can be found to allow this Link to comment Share on other sites More sharing options...
1976_Child Posted 25 June, 2009 Author Share Posted 25 June, 2009 Further, this is not a normal business deal. As others have said we are part of a members club. And if our players all leave it will be impossible to form a new team with even a snow-balls chance in hell of performing well next season. This is what it is all about. Once that transfer window closes we had better have 11 men to put out otherwise there is no point! Link to comment Share on other sites More sharing options...
corsacar saint Posted 25 June, 2009 Share Posted 25 June, 2009 Tony Lynham, has continually stated that the deal will be finalised. If the deal fails in my eyes [ whether his fault or not], that makes him out a total liar. If by miracle it goes through I totally retract that statement. Link to comment Share on other sites More sharing options...
exit2 Posted 25 June, 2009 Share Posted 25 June, 2009 Ok, remove your affliation with Saints, would you want to invest approx £15m plus more knowing you could get ****ed over by a governeing body. I know I ****ing wouldnt. This is business end. If it doesnt happen it doesnt happen. I personally will not be blaming TL / Pinnacle / MLT or the administrators. 2 people are responsible for this and that is the football league and the previous board. Link to comment Share on other sites More sharing options...
ottery st mary Posted 25 June, 2009 Share Posted 25 June, 2009 i hope both sets of lawyers are making up a statement that lets both sides have a get out. It cannot be either parties interest to let us fold. The FL need us and vice versa, i hope sense prevails. Pinnacle will come out of it well as they tried and the FL have shown steel. Lets hope there is an angle that can be found to allow this nick you said you had friends who are staff at the club...Surely they told you the day they are hopefully going to be paid. Surely what TL told your friends is a clue. Link to comment Share on other sites More sharing options...
Xchurch_Saint Posted 25 June, 2009 Share Posted 25 June, 2009 I agree the FL is responsible- but its time for Pinnacle to put up or shut up, unfortunately I think it will be the latter. Link to comment Share on other sites More sharing options...
OldNick Posted 25 June, 2009 Share Posted 25 June, 2009 nick you said you had friends who are staff at the club...Surely they told you the day they are hopefully going to be paid. Surely what TL told your friends is a clue. it was a shock today. i might be albe to talk later but by then we hope all has been sorted Link to comment Share on other sites More sharing options...
Cabrone Posted 25 June, 2009 Share Posted 25 June, 2009 Sorry Tony, you've been decent to keep us all informed and I thank you for that. But now both your credibility and that of the mysterious backer is on the line. You seem to have the money in place. You have already spent a tidy sum which shows commitment. You have lined up MLT to be chairman You have obviously spoken to some big-hitters for the manager's role. All these things are very positive, which is why I believe I can speak for the whole fan base when I say that we are all 100% behind you. However to scupper this deal over a lowsy 10 points is crazy. We fans don't give a monkey's. Ten points. So what? Big deal. And we don't care about whether the club was or was not actually in administration. We want our club to survive and we want to watch football next season. If the FL want to be plonkers, let them. Life is too damn short. Just accept it and sign the deal. Otherwise your reputation and credibility will drop quicker than a pompey tart's knickers when the fleet docks. Sign today, for heaven's sake. I wouldn't blame TL - he won't be the one making the final decision. For that you need to consult the money man behind the scenes. Link to comment Share on other sites More sharing options...
1976_Child Posted 25 June, 2009 Author Share Posted 25 June, 2009 Ok, remove your affliation with Saints, would you want to invest approx £15m plus more knowing you could get ****ed over by a governeing body. I know I ****ing wouldnt. This is business end. If it doesnt happen it doesnt happen. I personally will not be blaming TL / Pinnacle / MLT or the administrators. 2 people are responsible for this and that is the football league and the previous board. it is a fair point, but any investor has got be looking longer than one or two seasons. First off, they get the stadium and staplewood outright - no mortgage (as I understand it) so they are actually buying physical assets. But more importantly they must understand that it will be years before they see a return on the football investment. So in that perspective, what is ten points? Nought. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. Link to comment Share on other sites More sharing options...
trousers Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. Bugger Link to comment Share on other sites More sharing options...
Saint Richard of Woolston Posted 25 June, 2009 Share Posted 25 June, 2009 Hardly consistent with his claims of new interest coming forward. Link to comment Share on other sites More sharing options...
Mr Nice Posted 25 June, 2009 Share Posted 25 June, 2009 Sorry Tony, you've been decent to keep us all informed and I thank you for that. But now both your credibility and that of the mysterious backer is on the line. You seem to have the money in place. You have already spent a tidy sum which shows commitment. You have lined up MLT to be chairman You have obviously spoken to some big-hitters for the manager's role. All these things are very positive, which is why I believe I can speak for the whole fan base when I say that we are all 100% behind you. However to scupper this deal over a lowsy 10 points is crazy. We fans don't give a monkey's. Ten points. So what? Big deal. And we don't care about whether the club was or was not actually in administration. We want our club to survive and we want to watch football next season. If the FL want to be plonkers, let them. Life is too damn short. Just accept it and sign the deal. Otherwise your reputation and credibility will drop quicker than a pompey tart's knickers when the fleet docks. Sign today, for heaven's sake. It simply cannot be about 10 points. Link to comment Share on other sites More sharing options...
gordonToo Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. Does that mean it's Pinnacle or nothing? What about the Swiss interest? Link to comment Share on other sites More sharing options...
Torres Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. That kicks off one giant game of chicken. Who will blink first to stop the club disappearing, the Football League or Pinnacle? Or neither... Link to comment Share on other sites More sharing options...
Mole Posted 25 June, 2009 Share Posted 25 June, 2009 Ok, remove your affliation with Saints, would you want to invest approx £15m plus more knowing you could get ****ed over by a governeing body. I know I ****ing wouldnt. This is business end. If it doesnt happen it doesnt happen. I personally will not be blaming TL / Pinnacle / MLT or the administrators. 2 people are responsible for this and that is the football league and the previous board. I agree with this. I think some posters maybe need to take a time out and be patient. Que sera sera and all that, this sitution is out of our control and TL needs to be allowed to do what his client and the Lawyers advise. Link to comment Share on other sites More sharing options...
Ampersound Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. Perhaps that is plan b to get around the issues with the FL. Link to comment Share on other sites More sharing options...
trousers Posted 25 June, 2009 Share Posted 25 June, 2009 Are there restrictions on starting the season under Administration? I tried to find that yesterday on teh FL website, couldnt find anything. I don't know for sure...just my interpretation of what was posted Link to comment Share on other sites More sharing options...
Barry the Badger Posted 25 June, 2009 Share Posted 25 June, 2009 I agree the FL is responsible- but its time for Pinnacle to put up or shut up, unfortunately I think it will be the latter. Why is it time for them to put up or shut up? What a load of rubbish. They are spending 15 million plus to save our football club, what is wrong with you? Tony Lynam has said that they are commited to doing the deal, but they will do it on their terms. If you are ever in a position to spend millions in a business deal let me know, I would love to do business with somebody who just caves in even when terms and conditions are not satisfactory. Link to comment Share on other sites More sharing options...
Mole Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. Who is this someone on the periphery? You've been banging on about wanting to know who the new owner is, so reveal your source or stfu. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 25 June, 2009 Share Posted 25 June, 2009 Does that mean it's Pinnacle or nothing? What about the Swiss interest? .... Roll over ........... Link to comment Share on other sites More sharing options...
Mr Nice Posted 25 June, 2009 Share Posted 25 June, 2009 Any blame for me lies with the football league and begbies traynor. The football league because they put a ten point penalty on a club that was not in administration. If it was then a cva could of been done and things would of been a lot more easier. Begbies traynor should of been sorting out the admin situation and lack of cva many moons ago. Link to comment Share on other sites More sharing options...
Ampersound Posted 25 June, 2009 Share Posted 25 June, 2009 Ok, remove your affliation with Saints, would you want to invest approx £15m plus more knowing you could get ****ed over by a governeing body. I know I ****ing wouldnt. This is business end. If it doesnt happen it doesnt happen. I personally will not be blaming TL / Pinnacle / MLT or the administrators. 2 people are responsible for this and that is the football league and the previous board. Well said Exit2. I don't think Tony's credibilty is on the line at all. Its painful waiting but these things do take time. If it means some players and the manager are out of contract... fine. If they leave now of their own accord as free agents then its upto them or they can stick about to see what happens. It might be the best decision they've ever made if the take up happens. I feel sorry for the "normal" staff of SMS if they don't get paid today but hopefully they might have learnt from last month and put something extra aside in case it went belly up this month. Link to comment Share on other sites More sharing options...
ottery st mary Posted 25 June, 2009 Share Posted 25 June, 2009 .... Roll over ........... Someone is showing the Swiss Wembley Stadium in the hope that they will sign and hand over the dosh before they suss.:^o Link to comment Share on other sites More sharing options...
Mole Posted 25 June, 2009 Share Posted 25 June, 2009 Why do people keep ignoring the key problems? Whether it's Pinnacle or the Swiss or someone else, the catch 22 situation with the FL remains. The new owners must be able to accept -25 and no appeal. It's a huge ask to buy a club that will likely be relegated to league 2 and have very very low attendences for a pointless league 1 campaign. What if some fat **** has gone to the FL and said his consortium would be fine with the FL conditions. I suspect outside interference is at play here. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 25 June, 2009 Share Posted 25 June, 2009 What if some fat **** has gone to the FL and said his consortium would be fine with the FL conditions. I suspect outside interference is at play here. Good God, I said that DAYS ago ....... bet your life some low life will agree to anything, and have told the League as much However ... Question .... Stock Market etc ..... has THAT ever shown SFC to be in Administration ???? ............ If NOT, why don't the League take note ?? Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 25 June, 2009 Share Posted 25 June, 2009 Who is this someone on the periphery? You've been banging on about wanting to know who the new owner is, so reveal your source or stfu. What a nasty little person you are Link to comment Share on other sites More sharing options...
Mr Nice Posted 25 June, 2009 Share Posted 25 June, 2009 Why do people keep ignoring the key problems? Whether it's Pinnacle or the Swiss or someone else, the catch 22 situation with the FL remains. The new owners must be able to accept -25 and no appeal. It's a huge ask to buy a club that will likely be relegated to league 2 and have very very low attendences for a pointless league 1 campaign. Can there stil be a voluntary administration of the club ? Link to comment Share on other sites More sharing options...
Mole Posted 25 June, 2009 Share Posted 25 June, 2009 What a nasty little person you are It's a perfectly reasonable request. You've been on here having a paddy because you don't know who TL's client is, yet in the past you've loved dropping hints and smugly letting everyone else know you're ITK. The boot is suddenly on the other foot and you don't like it. Now you're doing the exact same thing again and acting all smug and ITK so i ask you to reveal your source. What's good for the goose is good for the gander and you clearly have double standards. What an unprincipled little man you are. Link to comment Share on other sites More sharing options...
sandwichsaint Posted 25 June, 2009 Share Posted 25 June, 2009 I don't believe it is the 10 points they are arguing over .. if it is they are CRAZY... (principles or not!) ... we are well on the way to losing another 10 points in terms of another cra9 pre-season ... no squad .. no manager... no income etc. etc. IF IT IS THE 10 POINTS ... FORGET IT AND TAKE IT ON THE NOSE! They must be arguing whether they/we stand to lose more points in terms of either the CVA or some other 'irregularities'. Where has this idea of starting in L2 come from? Surely if Pinnacle complete and more deductions are then loaded on we will play in L1 at -25 or -35 or -whatever points? Clearly if this is the case ... potentially more points to come off ... certain relegation to L2 ... that puts another 2 seasons away from the Prem (LMFAO!) ... and with even further constrained income. Surely in this scenario the club is worth diddly squat? And not the reported GBP 12-14m that Fry wants? You can't blame Pinnacle for not paying up if this is the prognosis ...? Is it time we looked at Fry's role in all this? He started strongly but has faded badly! Link to comment Share on other sites More sharing options...
Mr Nice Posted 25 June, 2009 Share Posted 25 June, 2009 ISurely in this scenario the club is worth diddly squat? And not the reported GBP 12-14m that Fry wants? You can't blame Pinnacle for not paying up if this is the prognosis ...? Is it time we looked at Fry's role in all this? He started strongly but has faded badly! I am looking at his role in this farce bigtime as he has been around for near on 3 months. Link to comment Share on other sites More sharing options...
Rocker268 Posted 25 June, 2009 Share Posted 25 June, 2009 I'm going to pull my hair out! It isn't about the -10 clearly. It's about leaving us open to further points deductions. It seems obvious to me and TL has suggested it himself. Either the football league agree a cva and give us just ten points or the team folds. I can't see that happening as that is a scenario that neither parties want I'm glad someone else shares my frustration at people fixating on the 10 points, it is not about that it isn't even the moral rights, there are other cluases in there which pinnacle are fighting over like the right to appeal, if not the FL could do what they want to us Link to comment Share on other sites More sharing options...
Mole Posted 25 June, 2009 Share Posted 25 June, 2009 I'm glad someone else shares my frustration at people fixating on the 10 points, it is not about that it isn't even the moral rights, there are other cluases in there which pinnacle are fighting over like the right to appeal, if not the FL could do what they want to us Correct. My take on it is that under the current FL terms they could chose to give us a 25 point deduction and we'd have no right to appeal. With such a deduction it's reasonable to suggest we'd be relegated and Pinnacle (or any other buyer) is purchasing a club that will be in L2 come season 2010/11. This obviously has bearing on the value and the potential of the club. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 25 June, 2009 Share Posted 25 June, 2009 It's a perfectly reasonable request. You've been on here having a paddy because you don't know who TL's client is, yet in the past you've loved dropping hints and smugly letting everyone else know you're ITK. The boot is suddenly on the other foot and you don't like it. Now you're doing the exact same thing again and acting all smug and ITK so i ask you to reveal your source. What's good for the goose is good for the gander and you clearly have double standards. What an unprincipled little man you are. I don't think you really understand the word "principle". I pass on whatever I can to inform and that was what I was doing. I am really worried about the future of my club while meanwhile you seem to think being aggressive and macho on a keyboard appropriate in these troubled times. Decent people do not reveal sources unless they are given permission, and I did not have that permission so I was unable to satisfy your request to name or shut the f*** up. Your true colours come shining through - I have always tried to turn a blind eye to your nasty little fascist ways, you are after all a Saints fan but I shall now revert to my gut instinct and in future ignore your rather sad attempts at cyber bullying. Bye Oh and by the way its derry in my book! Link to comment Share on other sites More sharing options...
aberdare Posted 25 June, 2009 Share Posted 25 June, 2009 How can you get a CVA when you're not in administration?! SFC needs a CVA. SFC isn't in admin. But SFC got docked 10 points. See the problem? Well no actually, as if SFC were solvent, the wages would have been paid promptly both last month and this and there would be a stadium to play in next season regardless of what happened to SLH. The only reason I can see SFC is not in administration is that the administrator thinks the cost of that action is not justifiable, given that the club is not really trading. The other point I struggle with is the appeal point to the first deduction. There is a right of appeal to the deduction, the rules however require the appeal to be lodged within 7 days, it wasn't. As for subsequent potential deductions, asking for an amnesty before entering the "gentlemen's club" (aka FL) strikes me as a bit like asking the magistrates for a year's grace to do what you like. If the club emerge under new management, and that management conduct themselves properly, the FL would surely have no reason to make any further deduction. That might however perhaps require SFC to accept "football" elements of SLH's indebtedness and to repay them in full. If SFC is not prepared to do so it would clearly be seeking to hide behind the (ultimate) liquidation of SLH to reduce it's indebtedness and gain an advantage. But let's all blame the FL....... Link to comment Share on other sites More sharing options...
SP Saint Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. Unfortunately if the wages can't be paid in the forseeable future and no-one has come forward with money for either exclusivity or a deal he'll have little choice. I think if he continues to allow the company to trade while insolvent he could personally have to pick up the bill. I'm sure one of our legal friends on here will tell me if I'm wrong. Link to comment Share on other sites More sharing options...
Killers Knee Posted 25 June, 2009 Share Posted 25 June, 2009 problem is: A club with an outside chance of promotion to Divvy 2 is worth considerably more than one destined to Divvy 4. If we are given -25 then that'll affect the offer, which the creditors could find unnacceptable. It could well be the case that we are worth more after being broke up and sold than we are as a going concern in Divvy 4. Link to comment Share on other sites More sharing options...
Mole Posted 25 June, 2009 Share Posted 25 June, 2009 Decent people do not reveal sources unless they are given permission, and I did not have that permission so I was unable to satisfy your request to name or shut the f*** up. I'll ignore your rant and focus of the crux of my argument against your behaviour. You think it's perfectly acceptable to nudge and wink and smugly let everyone know you know something they don't know, yet you cry like a baby when you aren't ITK. You have made a claim and i've asked for proof, but of course you can't do that because you're an ITK and you expect everyone to hang on your every word. TL has asked for us to trust him but you couldn't possibly extend to him the courtesy you expect from others because evidently your high morals don't extend to yourself. Link to comment Share on other sites More sharing options...
saint_stevo Posted 25 June, 2009 Share Posted 25 June, 2009 now now ladies.... Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 25 June, 2009 Share Posted 25 June, 2009 Being told by someone on the periphery of things that Fry will start "winding" the club up if no deal is reached by tomorrow evening. who do other clubs keep going eg Bournemouth Link to comment Share on other sites More sharing options...
Greenridge Posted 26 June, 2009 Share Posted 26 June, 2009 Was Thursday the only day this week we haven't had an update from Lynham? Looks like today, being a Friday, could be another significant day in the history of SFC Link to comment Share on other sites More sharing options...
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