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Todays Echo 26th June.......not good reading to some?


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well even before its printed, I have had 4 emails, 2 text and a pm to say that Michael Fialka is the main story, telling us about his fortune? or not as it seems

 

They are saying

 

He lives in rented accomdation or with his parents

He works as an estate / letting agent

His companies average £80k a year turn over

He is an avid Spurs Fan

His Car is company car from the agency he works

 

etc etc

 

Now this is either all true and well ummmmmmmmmmmmm? Is he going on Knighton on us? OR

 

My theory on this, is the echo are looking like the rest of us, and like some dissing the deal and getting it wrong as cant find much about him or the people he represents

 

My theory is as the administrators have done their homework ie proof of funds, the football league have done their director listig checks etc and MF is the is the middleman for Pinnacle and the money? So the question is, does it go deeper than Michael Fialka and how far?

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Well, tring to spin it

 

well even before its printed, I have had 4 emails, 2 text and a pm to say that Michael Fialka is the main story, telling us about his fortune? or not as it seems

 

They are saying

 

He lives in rented accomdation or with his parents MICHAEL JACKSON DID RENT AT £100k A MONTH

He works as an estate / letting agent SO IS THE DUKE OF WESTMINISTER

His companies average £80k a year turn over WHAT IF HE HAD 1000 COMPANIES

He is an avid Spurs Fan SO IS MATTY

His Car is company car from the agency he works ALAN SUGAR DRIVES A COMPANY CAR

 

etc etc

 

Now this is either all true and well ummmmmmmmmmmmm? Is he going on Knighton on us? OR

 

My theory on this, is the echo are looking like the rest of us, and like some dissing the deal and getting it wrong as cant find much about him or the people he represents

 

My theory is as the administrators have done their homework ie proof of funds, the football league have done their director listig checks etc and MF is the is the middleman for Pinnacle and the money? So the question is, does it go deeper than Michael Fialka and how far?

 

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And another thing - I don't know why people make fun of Knighton - he was responsible for pushing the boundaries in terms of club ownership and understanding what football could become. In 'those days' football was essentially run by amateurs (step forward GA) and I think he sensed a change, but wasn't able to see it through. At that time, football was just football and you were considered a thug if you were a football fan (this from personal memory - there were and still are many thugs at football!).

 

No one saw it as a money making scheme rather something the lower classes could expend some energy so they didn't bother the aristocracy.

 

Of course, it's probably better like that - and it could be more fun playing in league 9 at Eastleigh's ground...

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If its all true, no wonder he wanted to remain a mystery. And for a while, I was assuming/hoping he was in the eccentric Howard Hughes mould, intent on reverse engineering MLT and fielding a team of le gods, more money than sense. What can you say other than he comes across as a good jewish boy. If the Echo and its Watergate powers of investigative journalism can dig all this up in less 12hrs, what the f**k was fry doing in the weeks he had to check proof of funds? The only consolation is that the mismatch is so great that it defies even unprofessionalism and that there might be something else going on.

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I have a sneaky feeling this guy has come forward at the last second as the original household name backer ran a mile because he did not want to buy a club that's minus 25.

 

Another farce for us fans to stomach.

Maybe it's time to fold this club as it's been one comic act after another.

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I have a sneaky feeling this guy has come forward at the last second as the original household name backer ran a mile because he did not want to buy a club that's minus 25.

 

I was thinking that might be the case too, let's hope not.

 

 

 

Maybe it's time to fold this club as it's been one comic act after another.

 

Let's not be hasty now! Pinnacle sure as hell aren't :rolleyes:

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FFS people.... yesterday Tony Lynam said.

 

I believe in being upfront and open, and this is why I have made it my business to keep everyone from all walks up to date, and I will continue to do so until we close the deal, and beyond. With this in mind, I have asked one of the gentlemen who is putting their hand in their pocket to put his name out in public, and I expect this will happen shortly.

 

now where I come from, when someone says "one of the gentlemen....." it means there is more than one person contributing now.

 

Stop panicking.......

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FFS people.... yesterday Tony Lynam said.

 

 

 

now where I come from, when someone says "one of the gentlemen....." it means there is more than one person contributing now.

 

Stop panicking.......

 

That *directly* contradicts what he said *last week*.

 

So, either Lynam is

 

1. a liar

2. stupid

3. unsure who is backing this deal

 

or

 

4. the backer/backers have changed in the last week

 

Which is most palatable? I would prefer to think someone else has been brought into the fold over the last week, but it hardly seems likely.

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Should we feel relaxed then?

 

The process is currently being delayed by the Football League's insistence that Southampton's new owners do not appeal the 10-point penalty placed upon them.

 

However, Fialka claims that ruling is unjust and has called on League chiefs to review their stance.

 

"It was agreed that we would be allowed to appeal this," he added.

 

"The goalposts now seem to have been moved for us, as of Thursday, and there has to be a reason behind why those goalposts have been moved.

 

"If they can be put back where they should be then the deal will go to completion and everybody will be very happy."

 

I hope so.

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A bank statement is proof of funds. It doesn't mean the money is available and going to be spent, it just means somebody has got it.

 

I'm relaxed about it. The Coventry,MU, Liverpool, and MC etc takeovers were a bit of an on/off circus.

 

The problem of backup, the Swiss company from the little we know allegedly tick all the boxes, but do they.

 

Somebody is going to have to do something fairly quickly otherwise this could turn to rat dung in a trice.

 

I'm getting on with life and keeping an eye on things, nothing has really changed in weeks. Hampshire have a massive game tonight though.

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I have a sneaky feeling this guy has come forward at the last second as the original household name backer ran a mile because he did not want to buy a club that's minus 25.

 

Another farce for us fans to stomach.

Maybe it's time to fold this club as it's been one comic act after another.

 

I'd guess many have thought this but would Fry have allowed it?

 

Exclusivity was given (along with 500k!) by proving there was a suitable buyer with funds to match, if that buyer suddenly disappeared surely Fry would have told them to 'sling yer hook' and just moved on the next offer?

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I'd guess many have thought this but would Fry have allowed it?

 

Exclusivity was given (along with 500k!) by proving there was a suitable buyer with funds to match, if that buyer suddenly disappeared surely Fry would have told them to 'sling yer hook' and just moved on the next offer?

 

That's if he knew. Marc Jackson changed backers allegedly from an equity fund to middle eastern finance after missing out on exclusivity.

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Echo says what GM was getting at last night, and he got shot down for it.

 

For year ending 30th June 2008:

 

Kitestone Ltd turn over of £51,845, making a profit for the year of £31,124.

 

NW8 turned over £51,000 with a profit of £27,905.

 

Lives with his parents in Barnet for the last 13years, his brother moved out recently.

 

He is a letting agent.

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my heart says, 'oh my god it's Aldershot all over again', my head says, 'but someone put some serious money on the table and TL has been really up front so he deserves respect, and those two things give Pinnacle street cred'.

We may have just been introduced to another middle man, which could be considered progress, however slow.

 

Now I await further news with a mixture of curiosity, suppressed excitement and potential horror.

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There is no need for that many middle men so i feel this is all now dead. The headlines yesterday stated Saints money man on Sky which i think is pretty evident he is not.

If you were the real backer behind this bid i doubt you go through one person to then go through another to then get to the deal.

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I just saw the clip of the interview he did on SSN.

 

He didnt come accross like he was making any decissions. More like he was recalling what he had been told to say.

 

He also said he would be working with TL behind the scenes with Matt running the football matters. That doesnt sound to me like he is the man funding things?

 

Im not trying to put this bid down and im trying to look at things with eyes wide open but I get the idea that he is involved but as he doesnt have the readies he has to work to be involved. Maybe the readies are coming from someone else? But if they are why would they want this guy involved? He doesnt really show much in the way of being able to do business in the football world?

 

Someone said yesterday that they know a couple of billionares and they confirmed that they wouldnt put there money in football unless they knew the person they were trusting with there toy knew what they are doing in running a football club.

 

So is the money person behind this bid completly mental?

 

MLT = Legend of a player but no idea if he can make it as a chairman

TL = heads a business that has bugger all to do with football

MF = a letting agent?

 

If I was a billionare the above doesnt really strike me as the dynamic team i would want to run my toy.

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FFS people.... yesterday Tony Lynam said.

 

 

 

now where I come from, when someone says "one of the gentlemen....." it means there is more than one person contributing now.

 

Stop panicking.......

Don't know why peops are getting in a lather about this, when its blidingly obvious, the other gentleman dipping his hand in his pocket is Crouch. There may be others as well. TL clearly stated a couple of weeks back that originally the consortium consisted of 5 people, but gradually they all dropped out except one, but as he said that was a good thing in many ways as there would not be arguments amongst the different backers.

 

My view still remains that unless Pinnacle sign this deal then there will be no SFC next season. The game is over, it is too late for any Swiss or Jacksons to do anything now, and in any case they also could not complete the deal because the problem is with the creditors, who will not agree until they have guarantees from the FL,which they will not get.

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May be this ties in with a bit of gossip I heard from one of my friends in the banking sector. He said that the rumours were that Pinnacle were deliberately delaying things because their financial backing was not yet in place and it would take a further 3 weeks to get ready. This implies that the purchase of the club will be done on finance and we will be saddled with debt. Maybe Fialka is using his property portfolio as collateral.

 

On this basis, not only is the -10 points argument potentially a delaying tactic but may also be a big issue if you are working on tight schedule for loan repayments over five years. One more year in a lower division will kill you.

 

This is probably all rubbish and I am not ITK!

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May be this ties in with a bit of gossip I heard from one of my friends in the banking sector. He said that the rumours were that Pinnacle were deliberately delaying things because their financial backing was not yet in place and it would take a further 3 weeks to get ready. This implies that the purchase of the club will be done on finance and we will be saddled with debt. Maybe Fialka is using his property portfolio as collateral.

 

On this basis, not only is the -10 points argument potentially a delaying tactic but may also be a big issue if you are working on tight schedule for loan repayments over five years. One more year in a lower division will kill you.

 

This is probably all rubbish and I am not ITK!

 

Personally, I think you may have hit the nail on the head. Sadly, it looks like it may be one of the nails in SFC's coffin.

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Don't know why peops are getting in a lather about this, when its blidingly obvious, the other gentleman dipping his hand in his pocket is Crouch. There may be others as well. TL clearly stated a couple of weeks back that originally the consortium consisted of 5 people, but gradually they all dropped out except one, but as he said that was a good thing in many ways as there would not be arguments amongst the different backers.

 

My view still remains that unless Pinnacle sign this deal then there will be no SFC next season. The game is over, it is too late for any Swiss or Jacksons to do anything now, and in any case they also could not complete the deal because the problem is with the creditors, who will not agree until they have guarantees from the FL,which they will not get.

 

Alarm bells should have been ringing loud and clear when we found out he could be linked in with this bid IMO. He means well but just doesnt have what it takes to run or be involved with running a football club. Not saying I think I could do any better as I would probably make a hash of it too. But there are not many people that are cut out for making it a success and he is not one of them.

 

Chancers mixing with Chancers is looking more and more like it is the case.

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Maybe Fialka was put out there by TL to try to appease the fans, a bit of smoke and mirrors.....?

 

Link to story- http://www.dailyecho.co.uk/news/4460537.Pinnacle_money_man__Michael_Fialka__is_a____letting_agent____living_with_parents/

 

Hmm? Not sure how the fans will have been appeased by the naming of MF.

 

I'm interested in how quickly the Echo had this information.

 

I'm inclined to believe that the Echo had collected this information prior to this morning's paper and were going to go public. This then prompted Tony Lynam to name Fialka yesterday.

 

I can't see why else Tony Lynam would have thought it beneficial to name Michael Fialka yesterday otherwise. I suppose it could be that Fialka was named to protect someone with more significant wealth. I suppose it could be that Tony Lynam didn't know the "extent" of Fialka's apparent wealth.

 

Either way Pinnacle's media handling has been a case study in how not to do it IMO.

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He has spent 7 figures of the deal so far. I for one don't have that money lying about to fund a fake bid of Southampton FC....

 

 

Without wishing to cast aspersions but that should read "He has told us he has spent 7 figures".

 

Not a judgment, just an observation.

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I'm interested in how quickly the Echo had this information.

 

You may be right, but it's fairly straight forward to find nearly the whole contents of what they published within about 10 minutes, using freely available public sources of information and by spending the grand sum of £0. That is, all the companies he is a director of, any other companies he is a shareholder of, the turnover of those companies, where he lives, his date of birth, what type of house he lives in, how much recent similar houses have sold for. Probably more I've forgotten.

 

To get the extra bits, they may have splashed out on the accounts and the electoral roll searches but the grand cost for all this is less than £10 and it's all instantly available upon payment.

 

I'm not trying to "big" myself up here, just trying to say that the info is out there, it's just a case of knowing how to find it (more to life than Google, etc. etc.) - also being inclined to do the leg work of course.

 

P.S. I have past experience in trace and pre-sue work, hence how I have a reasonable idea where to look.

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