Block 5 Posted 29 June, 2009 Share Posted 29 June, 2009 Toady's Echo (Mon 29/06) reports that another overseas consortium is poised to bid if Pinnacle fail to close the deal. As usual in the Echo there are no specific details. Any clues? Link to comment Share on other sites More sharing options...
JustMike Posted 29 June, 2009 Share Posted 29 June, 2009 http://www.saintsweb.co.uk/forum/showthread.php?t=14254 Link to comment Share on other sites More sharing options...
SaintRobbie Posted 29 June, 2009 Share Posted 29 June, 2009 Unnecessary methinks. MLT will be chairman very very soon. However, it illustrates one important point that some of us have been shouting about for years: This club has always had buyers... and interestingly now as we enter a new stage... always will. Link to comment Share on other sites More sharing options...
MusicMan Posted 29 June, 2009 Share Posted 29 June, 2009 Unnecessary methinks. MLT will be chairman very very soon. However, it illustrates one important point that some of us have been shouting about for years: This club has always had buyers... and interestingly now as we enter a new stage... always will. Yes agreed, but not all the time it was a PLC. Link to comment Share on other sites More sharing options...
Master Bates Posted 29 June, 2009 Share Posted 29 June, 2009 This one's better. Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 29 June, 2009 Share Posted 29 June, 2009 Unnecessary methinks. MLT will be chairman very very soon. However, it illustrates one important point that some of us have been shouting about for years: This club has always had buyers... and interestingly now as we enter a new stage... always will. Indeed - and IF MLT/Pinnacle start to achieve some success by taking us back to the top of the CCC, I would not be surprised if a decent offer is made to buy us out again by some big guns. The interseting thing is, would MLT be able to stand aside when push came to shove and we need the investment to move to the 'next level'? Link to comment Share on other sites More sharing options...
John B Posted 29 June, 2009 Share Posted 29 June, 2009 This club has always had buyers... and interestingly now as we enter a new stage... always will. Yes I agree but the price at the moment is very cheap if Pinnacle pay £14 Million for a debt free club and a stadium which has no mortgage payments outstanding. As another Poster has says if the club is successful it can be sold on for a large profit I would have thought Link to comment Share on other sites More sharing options...
RonManager Posted 29 June, 2009 Share Posted 29 June, 2009 Yes agreed, but not all the time it was a PLC. I think that was mostly down to RL keeping people at bay with a cattle prod. :smt093 Link to comment Share on other sites More sharing options...
Give it to Ron Posted 29 June, 2009 Share Posted 29 June, 2009 Toady's Echo (Mon 29/06) reports that another overseas consortium is poised to bid if Pinnacle fail to close the deal. As usual in the Echo there are no specific details. Any clues? Thats the thing though...they don't have to wait for Pinnacle, if they are that interested then buy it, its bloody cheap for what you are getting. Invest a bit...get promoted and sell on for a big profit in a year or two the potential is there just needs someone to run it properly. Link to comment Share on other sites More sharing options...
John B Posted 29 June, 2009 Share Posted 29 June, 2009 I think that was mostly down to RL keeping people at bay with a cattle prod. :smt093 In administration the Club is a much better proposition to buy than if it was trading with debts of over £30 m and shareholders to buy from Link to comment Share on other sites More sharing options...
MusicMan Posted 29 June, 2009 Share Posted 29 June, 2009 Because I’m limited to three posts a day I will have to combine to thing that I would like to say in one post. Sorry. 1. I believe that most (but not all) people (some call the ITK) come on this forum to talk about saints and share with others what the have heard and what they think. This is great, freedom of speech and all that, but things can change very quickly and some info is fed to certain people incorrectly just to find out where the leaks are coming from. Please don’t shoot the messengers in all cases but this forum has made an ass out of more than one in the past. 2. It’s not just a case of raising the money to buy the club. Legal paperwork must be done to transfer the ownership to the new people. Also, History must be checked very carefully to make sure that no paper bags have been handed over in the past as the new owners could be liable for what previous directors have done and have their name/club investigated. Link to comment Share on other sites More sharing options...
Frank's cousin Posted 29 June, 2009 Share Posted 29 June, 2009 I think that was mostly down to RL keeping people at bay with a cattle prod. :smt093 He may well have done, but considering his group only contrilled about 25% of shares, anyone serious about a takover of saints would simply have gone hostile and bought the rest - got to 51% and taken control... What we often forget is that those taking over prem clubs dont really give a flying feck who they are buying - just look around and try and bag a winner that is easy to takover, say by simply buying out the existing majority shareholder... Link to comment Share on other sites More sharing options...
Third Division South Days Posted 29 June, 2009 Share Posted 29 June, 2009 Indeed - and IF MLT/Pinnacle start to achieve some success by taking us back to the top of the CCC, I would not be surprised if a decent offer is made to buy us out again by some big guns. The interseting thing is, would MLT be able to stand aside when push came to shove and we need the investment to move to the 'next level'? Quinn at Sunderland seems to have acheived that. Link to comment Share on other sites More sharing options...
once_bitterne Posted 29 June, 2009 Share Posted 29 June, 2009 Unnecessary methinks. MLT will be chairman very very soon. In that case can you let me know who Tony Fialka banks with? If they are willing to loan £12m to a bloke who doesn't even have his own place then I better get open an account quick. Or maybe his Dad has raised his pocket money? Link to comment Share on other sites More sharing options...
Burnsie Posted 29 June, 2009 Share Posted 29 June, 2009 How could anyone feel optimistic about a shower who, after months of administration and brinksmanship, show up at the very death, relying on the collapse of at least three other consortia to poach an opportunistic deal of their own? Do they sound like a sensible group of businessmen with the club's best long-term interests at heart? Link to comment Share on other sites More sharing options...
Saint Billy Posted 29 June, 2009 Share Posted 29 June, 2009 How could anyone feel optimistic about a shower who, after months of administration and brinksmanship, show up at the very death, relying on the collapse of at least three other consortia to poach an opportunistic deal of their own? Do they sound like a sensible group of businessmen with the club's best long-term interests at heart? Happens all the time in these situations! Link to comment Share on other sites More sharing options...
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