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MLT and Pinnacle withdraw


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It's fair to say many were suspicious of the Pinnacle bid and as it unfolded it unravelled as holes started to appear. It's no time for finger pointing but you just have to ask how they got this far in the process and if Begbie Traynor did their job. Not surprising that Jackson walked away as well, very convenient. Quite why our Club deserves such a bunch of ego-massaging wally's is beyond me. Let's hope a rabbit can be pulled out of someones hat from somewhere.

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I can well believe that, but I'd like to know what each penalty is for. ie it's 10 +7 rather than just 17. What's the extra 10 and extra 7 for?

 

Even now, I'd still take it.

 

There probably are not many saints fans that wouldnt take it if it menat we still had a club to support.

 

Problem is I doubt there are many buyers will ing to spunk 15mil on a club with that many points and such a high risk of ending up in League 2!

 

how much would it cost to buy a league 2 club and take it up compared to a CCC at best club heading for league 2?

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I cant see it is about -27. TL played too much of the nice gut and wouldnt come out and shame the FL. Well he has no reason not to now, so give us the reasons if we deserve somethung a decent reason would at least be something. My understanding was (this is from my friend who should know being through it with Bournemouth) that the -15 comes only if you dont come out with a CVA, and normally it is the HMRC who does not agree. If they were paid up as would be expected as the last regime definately kept them up to date this should not be a problem. TL get out of there and explain, you have nothing to lose now.

I believe that htey didnt have the funds and so have tried to stall to find somebody with some.

Wheres NSS etc who were there tellingus we were mugs for doubting etc?

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You seriously believe any serious financier is going to spend time reading a minority fans forum, which is what this is, and be affected by it's messages to the extent of changing a business plan, if they had one?

No, but the problem is that the gutter press, aka the Echo, do trawl this and other forums, and also look at the feedback they get on their own website, and these comments become public knowledge. Quite frankly I am not surprised that Pinnacle have withdrawn given the sniping and downright disgusting comments put about by some people on here and elsewhere. It comes to something when people forget that the real reason for us being in this situation left 3 months back taking his lap dog with him and got way scott free, all Pinnacle did was give us some hope that there was an alternative to liquidation. They also (allegedly) have stumped up £1m plus to get u to this stage, so accusing them of not being serious is absolutely pathetic.

 

Well thats it, the club I have supported for 43 years is now dead. Anyone who seriously thinks there is hope still is seriously deluded. Pinnacle were our last hope, and some people have made it as difficult as possible for that to happen. Hope these people who know who they are feel proud of their achievement.

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No, but the problem is that the gutter press, aka the Echo, do trawl this and other forums, and also look at the feedback they get on their own website, and these comments become public knowledge. Quite frankly I am not surprised that Pinnacle have withdrawn given the sniping and downright disgusting comments put about by some people on here and elsewhere. It comes to something when people forget that the real reason for us being in this situation left 3 months back taking his lap dog with him and got way scott free, all Pinnacle did was give us some hope that there was an alternative to liquidation. They also (allegedly) have stumped up £1m plus to get u to this stage, so accusing them of not being serious is absolutely pathetic.

 

Well thats it, the club I have supported for 43 years is now dead. Anyone who seriously thinks there is hope still is seriously deluded. Pinnacle were our last hope, and some people have made it as difficult as possible for that to happen. Hope these people who know who they are feel proud of their achievement.

 

 

Cheer up fellah, i'm sure we're going to be ok. Don't give up hope yet.

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I think Fry's lastest update is very positive news on such a bad day. He could have taken the oppertunity to pull the plug or give a very damning statement but he's gone down the road of looking to agree a deal, must be the Swiss, or this 4th group that joined the running yesterday.

 

My friend is in a very good mood about being paid and when I asked if this was the last payday the reply not what I expected. I think Fry is trying to lift people with some kind 'keep your heads up' of message to the empolyees.

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No, but the problem is that the gutter press, aka the Echo, do trawl this and other forums, and also look at the feedback they get on their own website, and these comments become public knowledge. Quite frankly I am not surprised that Pinnacle have withdrawn given the sniping and downright disgusting comments put about by some people on here and elsewhere. It comes to something when people forget that the real reason for us being in this situation left 3 months back taking his lap dog with him and got way scott free, all Pinnacle did was give us some hope that there was an alternative to liquidation. They also (allegedly) have stumped up £1m plus to get u to this stage, so accusing them of not being serious is absolutely pathetic.

 

Well thats it, the club I have supported for 43 years is now dead. Anyone who seriously thinks there is hope still is seriously deluded. Pinnacle were our last hope, and some people have made it as difficult as possible for that to happen. Hope these people who know who they are feel proud of their achievement.

 

You were wrong in having blind faith in Pinnacle and attacking those who expressed doubts. Now you are wrong again about the club being dead and that "anyone who thinks there is any hope is seriously deluded" . The only thing worse than a drama queen is one plenty old enough to know better. The club is far from dead.

 

Fry's statement is very upbeat considering the Pinnacle debacle. He must be very confident if he has authorised the payment of the wages. A deal within 48 hours IMO.

Edited by buctootim
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One of the things that shocks me (although it's hard to tell accurately from this far away) is that the media seems so "ho hum" about it.

 

We were a reasonably successful and well-supported Premiership club just five years ago, and now we're on the brink of extinction.

 

Is the media so besotted with the rich and mighty that they can't see that our collapse could well be the forerunner for many more collapses? Can't they see that the game is starting to fall apart at the seams?

 

This should be national news considering that it's our national sport but even the local media seems hard pressed to keep a decent handle on the storyline.

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Fry seems to be more upbeat than the rest of us. May be talks with the other "interested" parties are at a more advanced stage than any of us thought? Good that the wages have been paid, at least that gives us a little leeway. Trouble is, we still can't do anything about contracts etc. and the first PSF is on Saturday.

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No, but the problem is that the gutter press, aka the Echo, do trawl this and other forums, and also look at the feedback they get on their own website, and these comments become public knowledge. Quite frankly I am not surprised that Pinnacle have withdrawn given the sniping and downright disgusting comments put about by some people on here and elsewhere. It comes to something when people forget that the real reason for us being in this situation left 3 months back taking his lap dog with him and got way scott free, all Pinnacle did was give us some hope that there was an alternative to liquidation. They also (allegedly) have stumped up £1m plus to get u to this stage, so accusing them of not being serious is absolutely pathetic.

 

Well thats it, the club I have supported for 43 years is now dead. Anyone who seriously thinks there is hope still is seriously deluded. Pinnacle were our last hope, and some people have made it as difficult as possible for that to happen. Hope these people who know who they are feel proud of their achievement.

 

 

Completely understand every sentiment and feeling you have. The last 3 weeks have left me seriously wondering if we deserve a football club to support.

I still have hope the club will survive one way or another, just think it will be someone picking us up on the cheap who will not be spending any serious money on us but will see us as something to make a profit out of once the economy jumps back into life and we are more attractive to buy!!!

In the meantime i think we might all have to be prepared for nothing very grand at all and be grateful. :(

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We were a reasonably successful and well-supported Premiership club just five years ago

 

 

 

Erm .... I remember lots of relegation battles. Think our definitions of "successful" may differ a bit :D

 

One mans excrement is another mans gold I suppose. ;)

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can anyone explain why SFC would/will have more points deductions???

 

That was my thoughts really, just was passing on what I was told.

 

The only thing I could think of was the lack of a CVA for SFC - I know we couldn't provide one (as SFC was never in Admin) but if the FL wouldn't acknowledge this and stuck to their 'rigid' rules, who knows?

 

The FL come out of this looking rather shabby...their committee has chairmen from clubs in our league in it - hardly independent...

 

What I want is clarity from Pinnacle - was it about the points, or the money?

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I cant see it is about -27. TL played too much of the nice gut and wouldnt come out and shame the FL. Well he has no reason not to now, so give us the reasons if we deserve somethung a decent reason would at least be something. My understanding was (this is from my friend who should know being through it with Bournemouth) that the -15 comes only if you dont come out with a CVA, and normally it is the HMRC who does not agree. If they were paid up as would be expected as the last regime definately kept them up to date this should not be a problem. TL get out of there and explain, you have nothing to lose now.

I believe that htey didnt have the funds and so have tried to stall to find somebody with some.

Wheres NSS etc who were there tellingus we were mugs for doubting etc?

 

SSN reported it was possible due to financial irregularities (mentioning the non-payment of wages).

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For Clarity

 

MJ has not withdrawn his middle east bidders did however.

 

The orginal lower bid put in before Pinnacle took exclustivity is and has always been on the table .

 

How can the bid still be on the table if the "middle east bidders" (I assume you mean backers) withdrew?

 

Don't tell me, MJ has found new backers. Again. Or should that be again, again, again?

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did any of you expect any different..

 

some have been trying for the last few days to tell you that the bid was a no go..and they got stick for it..

 

I think the main ones who came in for stick were those that resorted to mindless, childish abuse and racism!!

 

No one minds a differing opinion...debate is healthy...in its right form.

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Erm .... I remember lots of relegation battles. Think our definitions of "successful" may differ a bit :D

 

One mans excrement is another mans gold I suppose. ;)

 

True, but I remember being sixth in the Prem and playing in the FA Cup Final not much more than five years ago.

 

That's a massive fall in anyone's book.

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Can't argue with a word of that, to be honest.

 

There are a lot of people who have a lot of explaining to do - it'll be interesting to see if there's any way of actually getting the truth out of these people rather than these "issues" with the Football League being used as an excuse.

 

The traditional ways are the best imho:

 

 

000f038e.jpg

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SSN reported it was possible due to financial irregularities (mentioning the non-payment of wages).

 

So...indirectly, by Pinnacle not having the money (?) to complete, the club couldn't pay the wages last week...and it made the situation even worse...?

 

Looks like the League twisting the knife when we were already on the slab....great work

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can i just say as this is a good news thread that I have just had a cryptic message called into my office and passed to me. It is from a friend at the club saying 'Dont panic' something good may be here after all Yesssssss.

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True, but I remember being sixth in the Prem and playing in the FA Cup Final not much more than five years ago.

 

That's a massive fall in anyone's book.

 

 

Finishing 6th was uber ... i'll give you that :D .... but then Reading finished 8th 05/06.

 

FA Cup Final ... well, Cardiff made it to the finals too a few years ago. I still wouldn't class them as successful.

 

 

I love the club .... love my fellow fans .... and please don't get me wrong or think i'm being patronising, but how we perceive our club only leads to false hope and false dawns. We were never a big club ... we were never a goldmine ... and we were never ever going to get a white knight in shining armor.

 

It (our perception) ... imho .... has deluded us to the point where if we had "smelt the coffee" a while ago, we might have been in a position to look at alternatives such as a supporters trust who could have saved the day. And a few years down the line ... we could have done a "Notts County".

 

 

All imho of course.

 

 

Respect to you all

 

St Lightjaw

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can i just say as this is a good news thread that I have just had a cryptic message called into my office and passed to me. It is from a friend at the club saying 'Dont panic' something good may be here after all Yesssssss.

 

 

I so hope this friend of yours knows what he/she is talking about.

These last few months have been too much without any more wind-up merchants!

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Until Lynam/LeTissier come clean on all the problems they had with the FL I am going to assume that one of the alleged backers would not let his name be linked to the deal OR someone within the "group" failed the fit and proper person test.

 

For a backer to pull out just because he could not agree matters with FL is pathetic without a full explanation or Lynam has been trying to take this forward without real backers and tricked Le Tissier.

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When you look at who was 'the money' in the Pinnacle bid, do you really believe it was FL demands that ended it?

 

I do not trust the FL for one minute, but do we actually KNOW what they were insisting on or threatening?

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My gut feeling is Lynam and Le Tiss sold the club to the backers on the promise of instant promotion to the championship. Once this suddenly seemed unlikely with -10 start the backers dug their heels in. Maybe i'm completely wide of the mark but really devastated and am clinging on to desperate swiss hope.

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Ron, I'm pretty sure they said that the proposed directors' list had been approved by the Football League, so they must all have passed the fit and proper persons test.

 

It's not hard to come up with four people who could pass that test. I would imagine if you aren't a bankrupt and have no criminal record you could pass.

 

Crikey, even despots and gun runners have passed the test.

 

I think Matt has been duped by Lynam. I feel sorry for him that his embarassment is so public.

 

At least Matt is facing the music. What about Lynam and Fialka?

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One of the things that shocks me (although it's hard to tell accurately from this far away) is that the media seems so "ho hum" about it.

 

We were a reasonably successful and well-supported Premiership club just five years ago, and now we're on the brink of extinction.

 

Is the media so besotted with the rich and mighty that they can't see that our collapse could well be the forerunner for many more collapses? Can't they see that the game is starting to fall apart at the seams?

 

This should be national news considering that it's our national sport but even the local media seems hard pressed to keep a decent handle on the storyline.

 

The local media is keeping quite well on top of this, regardless of the comments on the forum. I don't know what the vitriol regarding the Echo is all about. What becomes clear though is when my life circulates entirely around the club at the moment there are plenty of people even in Southampton itself who have no interest at all. They never have had and won't start now.

 

When it comes to national media it's a different story. You will now find that nothing outside the Premiership isn't really covered anymore in a serious way. My broadsheet newspaper leaves it to a fan from each side to write a few lines.

 

News on teletext ceases entirely below the Championship, so if we ever survive into League One we will have to find new ways in seeking simple information.

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Aviva (Norwich Union) issued the mortgage for St Mary's. That means that they own the place. If there is no football club playing there it can't pay for itself. Bon Jovi can't be there every two weeks, and who is to pay the rent in between concerts?

 

So there is at least one creditor, for our biggest debt, who has got a major incentive for Saints survival. If football was a different world I could see them flogging it to those blue buggers down the road who need a stadium, but since this is the real world it will not happen.

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The local media is keeping quite well on top of this, regardless of the comments on the forum. I don't know what the vitriol regarding the Echo is all about. What becomes clear though is when my life circulates entirely around the club at the moment there are plenty of people even in Southampton itself who have no interest at all. They never have had and won't start now.

 

When it comes to national media it's a different story. You will now find that nothing outside the Premiership isn't really covered anymore in a serious way. My broadsheet newspaper leaves it to a fan from each side to write a few lines.

 

News on teletext ceases entirely below the Championship, so if we ever survive into League One we will have to find new ways in seeking simple information.

I live in Liverpool these days. It's rare to find somebody who doesn't support either Liverpool or Everton.

 

Contrast that with Southampton. Half the people there don't care about football at all, and half of those that are left are glory-hunters who support big teams.

 

Even among Saints fans, there has been a ton of division. Pro-Lowe, anti-Lowe, stayaways, "only interested when we were in the Premiership".

 

Gutted that we could be closing up shop this Friday. If we don't, that stadium needs to be filled. The number of empty seats the last couple of years has been an embarrassment. Say what you like about the sk*tes, but they've always been there for their team.

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