SET Posted 2 July, 2009 Share Posted 2 July, 2009 Well i for one would hesitate now before buying a season ticket if they took over. They have planted doubts that they will be any better than the previous chairmen Link to comment Share on other sites More sharing options...
Scummer Posted 2 July, 2009 Share Posted 2 July, 2009 Who are the FNA? I'd support anyone as long as they save the club. Link to comment Share on other sites More sharing options...
SET Posted 2 July, 2009 Author Share Posted 2 July, 2009 Who are the FNA? I'd support anyone as long as they save the club. the Saints Dyslexsic association Link to comment Share on other sites More sharing options...
stevegrant Posted 2 July, 2009 Share Posted 2 July, 2009 How? The only doubts that linger are about whether they've actually got the money to buy the club in the first place. If they do go through with a purchase, that clearly means they were able to (eventually) get the money together to buy the club. Whether they invest any further money into the club from that point onwards is a bit of a red herring, for me. Last season, about a third of our total revenue was spent on servicing the debt - without that debt, which would almost certainly be cleared upon a completed purchase, that frees up somewhere in the region of £4-5m extra per year. In League One, that's a massive amount of money. Link to comment Share on other sites More sharing options...
Barry the Badger Posted 2 July, 2009 Share Posted 2 July, 2009 well i for one would hesitate now before buying a season ticket if they took over. give me an f! Give me an i! Give me a c! Give me a k! Give me an l! Give me an e! Link to comment Share on other sites More sharing options...
Doctoroncall Posted 2 July, 2009 Share Posted 2 July, 2009 the Saints Dyslexsic association Dyslexics Have More Nuf. Link to comment Share on other sites More sharing options...
explorer saint Posted 2 July, 2009 Share Posted 2 July, 2009 Nope now past caring as long as somebody comes in with wealth if possible and puts us out of our misery. I think a lot of fans would accept them and buy a ST, not sure where that would live MLT though Link to comment Share on other sites More sharing options...
Frank's cousin Posted 2 July, 2009 Share Posted 2 July, 2009 My doubts are similar to Steve's - do they have the funds - It seems odd that its still unclear as to wh and what funded the exclusivity period and I am also concerned that from what we have seen released publically, I cant see where it says we are now immune for further points deductions at this time. The FL statement leaves plenty of room for further sanctions based on their rules - So alot depend son the structure of the deal. Eg its possible that a deal can be struck with additinal payments in teh future subject to success - something that jackson was proposing - this might satisfy the FLs 75% rule, without the need to spend 20mil + on the club at this time? But Fialka seems quite bullish on this and its now unclear as to whether this is bravado or whether he has had private assurances from the FL... which I cant see happening. I hope its not a misinterpretation... We need to get away from the paranoia - The FL do not wnat us to go out of business, but the rules are there... Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 2 July, 2009 Share Posted 2 July, 2009 Dyslexics of the world untie! Would he be the dyslexic pimp who bought a warehouse? Or the dyslexic devil worshipper who sold his soul to Santa? (Cue heaps of stick from bad spellers with no sense of humour). Link to comment Share on other sites More sharing options...
Gemmel Posted 2 July, 2009 Share Posted 2 July, 2009 Well i for one would hesitate now before buying a season ticket if they took over. They have planted doubts that they will be any better than the previous chairmen Check your user name Link to comment Share on other sites More sharing options...
JonnyLove Posted 2 July, 2009 Share Posted 2 July, 2009 I will back anyone who: A) Buys the club and brings in a long term investment plan B) Is not and never has been or indeed every will be associated with Rupert Lowe. Link to comment Share on other sites More sharing options...
buctootim Posted 2 July, 2009 Share Posted 2 July, 2009 I will back anyone who: A) Buys the club and brings in a long term investment plan B) Is not and never has been or indeed every will be associated with Rupert Lowe. or failing a) and b) above -anybody at all. Link to comment Share on other sites More sharing options...
the stain Posted 2 July, 2009 Share Posted 2 July, 2009 I will back anyone who: A) Buys the club and brings in a long term investment plan B) Is not and never has been or indeed every will be associated with Rupert Lowe. MLT played under his chairmanship. Soiled by his tarry brush, I say. Link to comment Share on other sites More sharing options...
SET Posted 2 July, 2009 Author Share Posted 2 July, 2009 Id still be supporting the team but rather than buying a season ticket i will prob POTG and see how it goes before committing to the season ticket. Link to comment Share on other sites More sharing options...
stevegrant Posted 2 July, 2009 Share Posted 2 July, 2009 So alot depend son the structure of the deal. Eg its possible that a deal can be struck with additinal payments in teh future subject to success - something that jackson was proposing - this might satisfy the FLs 75% rule' date=' without the need to spend 20mil + on the club at this time? [/quote'] Frank, I think you're a bit confused over the Football League's requirements regarding coming out of administration. They do not require that 75% of debts are repaid. They require that a CVA is agreed among creditors, and in order to do so it requires creditors owed at least 75% of the debt to agree to the proposed repayment rate - whether that's 1p in the £1 or a full repayment is irrelevant, although "football debts" do have to be paid in full. Link to comment Share on other sites More sharing options...
Frank's cousin Posted 2 July, 2009 Share Posted 2 July, 2009 Frank, I think you're a bit confused over the Football League's requirements regarding coming out of administration. They do not require that 75% of debts are repaid. They require that a CVA is agreed among creditors, and in order to do so it requires creditors owed at least 75% of the debt to agree to the proposed repayment rate - whether that's 1p in the £1 or a full repayment is irrelevant, although "football debts" do have to be paid in full. Chees on that clarification Steve - did seem high. So realistically considering 99% of teh debt seems to be owed to Barclays and Aviva, provided they agree to the deal we should be home and dry with respect to the FL? Yet their statement is still ambiguous in that its aludes to points deductions IF a club has gained significantly from comming out of admin debt free - or at least thats the way it reads to me? If I am redaing this wrong then once again it makes te Pinnacle group look a bit silly, yest if I am right, you cans see why they might be concerned by teh FLs position... blinking confusing. Ideally we the FL to make a statement of clarity - a public declaration that outlines the criteria which we must fulfil to guarrantee no further sanctions as a result of this deal... Link to comment Share on other sites More sharing options...
ribbo Posted 2 July, 2009 Share Posted 2 July, 2009 Whether they invest any further money into the club from that point onwards is a bit of a red herring, for me. Last season, about a third of our total revenue was spent on servicing the debt - without that debt, which would almost certainly be cleared upon a completed purchase, that frees up somewhere in the region of £4-5m extra per year. In League One, that's a massive amount of money. and also the reason Leeds are making a good profit currently. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 2 July, 2009 Share Posted 2 July, 2009 Dyslexics of the world untie! Would he be the dyslexic pimp who bought a warehouse? Or the dyslexic devil worshipper who sold his soul to Santa?. Or the dyslexic boy who asked for a McDonalds and when his mum said you can if you spell it , annoyed he said...I'll just have a KCF then Link to comment Share on other sites More sharing options...
paris Posted 2 July, 2009 Share Posted 2 July, 2009 If they have proof of funds and MLT becomes chairman why not ,they've messed around some what which is a nightmare but saving our once great club i can't really knock it... Link to comment Share on other sites More sharing options...
JustMike Posted 2 July, 2009 Share Posted 2 July, 2009 How? The only doubts that linger are about whether they've actually got the money to buy the club in the first place. If they do go through with a purchase, that clearly means they were able to (eventually) get the money together to buy the club. Whether they invest any further money into the club from that point onwards is a bit of a red herring, for me. Last season, about a third of our total revenue was spent on servicing the debt - without that debt, which would almost certainly be cleared upon a completed purchase, that frees up somewhere in the region of £4-5m extra per year. In League One, that's a massive amount of money. + 1 no reason at all to not get behind them Link to comment Share on other sites More sharing options...
BARCELONASAINT Posted 2 July, 2009 Share Posted 2 July, 2009 Anyone that saves the club gets my support at present [-o Link to comment Share on other sites More sharing options...
Plumstead_Saint Posted 2 July, 2009 Share Posted 2 July, 2009 Anyone that saves the club gets my support at present [-o +1 You would have to be pretty stupid to think otherwise IMO. Link to comment Share on other sites More sharing options...
saint_stevo Posted 2 July, 2009 Share Posted 2 July, 2009 Pinnacle? Taking over? LOL Link to comment Share on other sites More sharing options...
Sheff Saint Posted 2 July, 2009 Share Posted 2 July, 2009 Who knows what will happen. What we all should have expected was that it wouldn't be plain sailing and it will go down to the wire. Trouble is no-one had the good grace to say exactly what constitued 'the wire!' Link to comment Share on other sites More sharing options...
Mr Nice Posted 2 July, 2009 Share Posted 2 July, 2009 Amateurish cowboys from top to bottom. Link to comment Share on other sites More sharing options...
NickG Posted 2 July, 2009 Share Posted 2 July, 2009 would accept them, or anyone else with open arms -we need club to survive Link to comment Share on other sites More sharing options...
Fan The Flames Posted 2 July, 2009 Share Posted 2 July, 2009 How? The only doubts that linger are about whether they've actually got the money to buy the club in the first place. If they do go through with a purchase, that clearly means they were able to (eventually) get the money together to buy the club. Whether they invest any further money into the club from that point onwards is a bit of a red herring, for me. Last season, about a third of our total revenue was spent on servicing the debt - without that debt, which would almost certainly be cleared upon a completed purchase, that frees up somewhere in the region of £4-5m extra per year. In League One, that's a massive amount of money. But what if they bought the club through borrowing the money. Obviously the debt would be smaller but will still need servicing on a reduced income. If Pinnacle took over I would support them but I would be a bit disapointed. Link to comment Share on other sites More sharing options...
Joe Kirkup Posted 2 July, 2009 Share Posted 2 July, 2009 Old MacDonald was dyslexic E I O I E Link to comment Share on other sites More sharing options...
Joesaint Posted 2 July, 2009 Share Posted 2 July, 2009 If they did save us, even through all this i'll still just be glad, especially with MLT. Just want this takeover talk over. Link to comment Share on other sites More sharing options...
stevegrant Posted 2 July, 2009 Share Posted 2 July, 2009 But what if they bought the club through borrowing the money. Obviously the debt would be smaller but will still need servicing on a reduced income. A fair point. I would be very surprised if anyone managed to go through with a leveraged buyout on a club of our size, mind you - they've struggled to get it to add up at Man United and Liverpool and they've got resources we can only dream of. Without any sort of guarantee of promotion (which you'll never get), I don't see how something like that could ever work - unless the idea is a leveraged buy-out and then a quick sale in a year or two when it's recovered some semblance of stability and respectability; essentially "flipping" the football club - I guess that could work, but again it's a fairly high-risk strategy. Link to comment Share on other sites More sharing options...
Viking Warrior Posted 2 July, 2009 Share Posted 2 July, 2009 My doubts are similar to Steve's - do they have the funds - It seems odd that its still unclear as to wh and what funded the exclusivity period and I am also concerned that from what we have seen released publically' date=' I cant see where it says we are now immune for further points deductions at this time. The FL statement leaves plenty of room for further sanctions based on their rules - So alot depend son the structure of the deal. Eg its possible that a deal can be struck with additinal payments in teh future subject to success - something that jackson was proposing - this might satisfy the FLs 75% rule, without the need to spend 20mil + on the club at this time? But Fialka seems quite bullish on this and its now unclear as to whether this is bravado or whether he has had private assurances from the FL... which I cant see happening. I hope its not a misinterpretation... We need to get away from the paranoia - The FL do not wnat us to go out of business, but the rules are there...[/quote'] Frank my sentiments as well. Its odd both Pinnacle and MJ are back in the equation so close together. Link to comment Share on other sites More sharing options...
Arizona Posted 2 July, 2009 Share Posted 2 July, 2009 I am currently p*ssed of at Pinnacle for apparently wasting our time when they either didn't have the required funds, or just weren't serious about a takeover. If a takeover did go through, then clearly they are serious and well funded, so the 'hitch' a few days ago would be forgiven. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 2 July, 2009 Share Posted 2 July, 2009 (edited) How? The only doubts that linger are about whether they've actually got the money to buy the club in the first place. If they do go through with a purchase, that clearly means they were able to (eventually) get the money together to buy the club. Whether they invest any further money into the club from that point onwards is a bit of a red herring, for me. Last season, about a third of our total revenue was spent on servicing the debt - without that debt, which would almost certainly be cleared upon a completed purchase, that frees up somewhere in the region of £4-5m extra per year. In League One, that's a massive amount of money. Indeed, a good point Steve. Makes us even more saleable. A small godsend from Barclays humiliation of Lowe AKA administration. I think Pinnacle are dead unless the other buyers withdraw now. Looks more like face saving from MF to me. For a man who wanted to stay in the background until exposed he may just be trying to regain some respect. Still, I would love to see MLT involved in some capacity. We so badly need the feel good factor to survive in League 1 this season. I fear we may not be as patient with Wotte when he starts to fail again. I believe MLT wanted rid of him too. I need to change the record though... Wotte's offer of a year in charge has sent me over the anger-edge! Personally, I have more respect for Pinnacle for trying than Dave Jones and the previous board for keeping on Wotte. Edited 2 July, 2009 by SaintRobbie Link to comment Share on other sites More sharing options...
SaintRobbie Posted 2 July, 2009 Share Posted 2 July, 2009 I am currently p*ssed of at Pinnacle for apparently wasting our time when they either didn't have the required funds, or just weren't serious about a takeover. If a takeover did go through, then clearly they are serious and well funded, so the 'hitch' a few days ago would be forgiven. I agree Arizona. Trouble is, I cant help but think this is at best some face saving by MF. Link to comment Share on other sites More sharing options...
red&white56 Posted 2 July, 2009 Share Posted 2 July, 2009 I am currently p*ssed of at Pinnacle for apparently wasting our time when they either didn't have the required funds, or just weren't serious about a takeover. If a takeover did go through, then clearly they are serious and well funded, so the 'hitch' a few days ago would be forgiven. I think this is just a ploy from Pinnacle to get the price down - they will rebid with a lower price. Link to comment Share on other sites More sharing options...
Cabrone Posted 2 July, 2009 Share Posted 2 July, 2009 I think this is just a ploy from Pinnacle to get the price down - they will rebid with a lower price. Me too, I'm begining to think that all along their game plan was to drag this one out to the bitter end and that the league points issue was a red herring. I would imagine Mark Fry will become more 'amenable' to a new bid price the closer SFC comes to extinction and Fialka et al could save a considerable sum of money. My guess is the brinkmanship will go right to the wire. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 2 July, 2009 Share Posted 2 July, 2009 I think there may be truth in brinkmanship and going to the wire for the other bidders - but can't see Pinnacle playing that clever a game. Everything TL and MLT said before losing the backing seemed as open as they could be. And genuine. I certainly believe both of them thought they would be able to see the deal through. It appears the man who let them down was MF... hence the reason I think its just a face saving measure. Link to comment Share on other sites More sharing options...
alpine_saint Posted 2 July, 2009 Share Posted 2 July, 2009 How? The only doubts that linger are about whether they've actually got the money to buy the club in the first place. If they do go through with a purchase, that clearly means they were able to (eventually) get the money together to buy the club. Whether they invest any further money into the club from that point onwards is a bit of a red herring, for me. Last season, about a third of our total revenue was spent on servicing the debt - without that debt, which would almost certainly be cleared upon a completed purchase, that frees up somewhere in the region of £4-5m extra per year. In League One, that's a massive amount of money. I agree with Steve for once. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 2 July, 2009 Share Posted 2 July, 2009 I agree with Steve for once. So did I. Did something happen Alps? Link to comment Share on other sites More sharing options...
CHAPEL END CHARLIE Posted 2 July, 2009 Share Posted 2 July, 2009 I think it's fair to say there's little or no confidence in the Pinnacle consortium within the fan base after last Tuesday's highly damaging developments . The only way (short of the immediate purchase of SFC) for them to regain any credibility with Saints fans would be a full and frank explanation of the reason for withdrawing and a equally no-bullsh1t disclosure of the true funding source(s) behind this bid . Over to you Mr Lynam ............. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 2 July, 2009 Share Posted 2 July, 2009 I think it's fair to say there's little or no confidence in the Pinnacle consortium within the fan base after last Tuesday's highly damaging developments . The only way (short of the immediate purchase of SFC) for them to regain any credibility with Saints fans would be a full and frank explanation of the reason for withdrawing and a equally no-bullsh1t disclosure of the true funding source(s) behind this bid . Over to you Mr Lynam ............. To be fair. I think whoever takes over will be heroes and frankly if it's Pinnacle with MLT at the feel-good-factor helm I'd still be deighted. Agree though - a frank and honest statement as to why we've been on and off so many buses wouldnt go amiss, but everything I have read from TL and MLT gives me the impression that they have both been pretty upfront overall. The worry comes from the backer. MF may not be reliable... and that could be worrying. MF would need to state early on that he is 100% behind providing funds for a new team and management to take us forward. That he accepts play offs may be our limit this year given the damage caused by the previous regime and delays. I dont blame TL or MLT. I am slightly more concerned over MF's reliability. Link to comment Share on other sites More sharing options...
Rocker268 Posted 2 July, 2009 Share Posted 2 July, 2009 I think there may be truth in brinkmanship and going to the wire for the other bidders - but can't see Pinnacle playing that clever a game. Everything TL and MLT said before losing the backing seemed as open as they could be. And genuine. I certainly believe both of them thought they would be able to see the deal through. It appears the man who let them down was MF... hence the reason I think its just a face saving measure. I don't think its just a case of pinnacle not being clever enough but I think MLT would have been pushing to get a deal done before the players returned so we could have a proper pre-season. I also think that it is a foolish long term plan to drag this out now that we are selling players and training without staff, because it hampers the plan of automatic promotion this season Link to comment Share on other sites More sharing options...
Polaroid Saint Posted 3 July, 2009 Share Posted 3 July, 2009 "We truly believe that with the right backing, we would have made a difference" Mr Lynam thats was. Still stands. Nothing against TL or even MF and certainly not MLT. The fact remains any single one of us idiots on TSF forums would improve the state of SFC if we had the right backing. If 'Pinnacle' or Marc Jackson, or me and my mates, were to somehow pull a rabbit out of the hat (or even find a hat) then I would support them as much as I would support any effort to actually try to 'save' and stabilise our club. With the right backing of course. Link to comment Share on other sites More sharing options...
Nineteen Canteen Posted 3 July, 2009 Share Posted 3 July, 2009 If Pinnacle did return they would be in danger of having more comebacks than Frank Sinatra and you would have to ask what they would be hiding under their proverbial wig this time. I don't doubt Pinnacle acted with good intentions but they turned the process into a farce entirely of their own making IMO and history has a habit of repeating itself. Rumoured elsewhere on the forum that McMenemy is being lined up to add 'weight' to their bid. I have no idea if this is true but if you add MLT and Crouch back in the mix then what exactly are we wanting? Seems to me that bizarrely the last week has been the most settled for ages and hopefully Wotte and Svennson are starting to make their plans with a little more certainty with some funds in the clubs coffers so all we need is a professional, efficient and visionary board unburdened by the shackles of the past. I know as a fan how frustrated, mistrustful and angry I have become and I don't need anymore fan-friendly rhetoric in the media confirming it. I like many want action and that starts with trust and stability and therefore please bring on the Swiss and lets not entertain those who have dropped out of their own volition. Lets move on and I hope MLT still has a future as a pundit on Sky. Link to comment Share on other sites More sharing options...
CB Fry Posted 3 July, 2009 Share Posted 3 July, 2009 Pinnacle would only really have the support of Mohammad Al Pine Saint who is the only human being alive hanging on billionare Micky Fialka's every word in his noble war against the evil, evil league. Link to comment Share on other sites More sharing options...
um pahars Posted 3 July, 2009 Share Posted 3 July, 2009 If Pinnacle did return they would be in danger of having more comebacks than Frank Sinatra . LMFAO with regards the irony of this coming from the comeback King himself!!! Presume this is your bedside reading;) http://www.ehow.com/how_2072335_.html Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now