trousers Posted 25 October, 2008 Share Posted 25 October, 2008 Have had too many beers to work this one out, and I think I've posed the question before, but is there any way that taking the club into administration would actualyy work in Lowe's (and Wilde's?) favour....? Everyone is thinking that they couldn't afford to see the club go into administration but perhaps, just perhaps, they've worked out a way of turning it to their advantage....and are somehow engineering such an outcome....? As I say, all logic and common sense tells me otherwise but I have this nagging doubt.... Link to comment Share on other sites More sharing options...
trousers Posted 25 October, 2008 Author Share Posted 25 October, 2008 p.s. beer is question is Grolsch....which is mildly ironic! Link to comment Share on other sites More sharing options...
alpine_saint Posted 25 October, 2008 Share Posted 25 October, 2008 Some people think he can pick the club up cheap a la Bates/Leeds with complete ownership and control, but to what end ? The business will just fail again through no customers. The only way this business will recover is under completely new ownership and management. That is the ONLY way the business will win back its customers. Now Lowe may be a power-hungry grudge-bearing egomaniac, but is he sufficiently insane to miss this little point ? I think not (though I am not 100% certain).. Link to comment Share on other sites More sharing options...
ken Posted 25 October, 2008 Share Posted 25 October, 2008 I don't think so, Lowe and Wilde are desperate for us not to go into administration or they will lose all the value of their shares (which is a considerable amount of money), hence the desperate measures we are seeing on a weekly basis to try and keep the club solvent. I have to assume that they are waiting for someone to turn up and buy them out or for an upturn in our performances to generate a profit, both options seem unlikely, I don't think the club is worth the amount of money that Lowe and Wilde would be asking for and without investment our performances are unlikely to improve. My prefered option would have been to go into administration at the end of last season, take the penalty points and get relegated and then start again with a fresh board, would be a bitter pill to swallow but I think would allow us to return to some kind of decent football club much more quickly. Link to comment Share on other sites More sharing options...
St Marco Posted 25 October, 2008 Share Posted 25 October, 2008 Nah it is sorted by the courts so they give it to the person best likely to help the club. They dont want the buisness (which it is) to go back into admin. So in football terms they give it to someone who will likely foot the costs. Bates has actually got a lot of cash and is dipping into his own pocket. Lowe has no money and would never dip into his own pocket. So if we did go into admin and went up to auction you would get lots of people interested in buying and they would be more rich then Lowe. That is one of the key factors i think. Lowe will gain nothing from admin and will lose everything. Link to comment Share on other sites More sharing options...
Scudamore Posted 25 October, 2008 Share Posted 25 October, 2008 Is there any benefit to yet another sodding thread about administration? Link to comment Share on other sites More sharing options...
JonnyLove Posted 25 October, 2008 Share Posted 25 October, 2008 Is there any benefit to yet another sodding thread about administration? ACtually I have a good idea. Re-instate the females team and employ a load of 16 year olds to play (much like the first team) and then get them all to have a baby and claim the all the benefits in the world. Also what they then could do is have SMS as their home and then the social can pay the mortgage Link to comment Share on other sites More sharing options...
Scudamore Posted 25 October, 2008 Share Posted 25 October, 2008 ACtually I have a good idea. Re-instate the females team and employ a load of 16 year olds to play (much like the first team) and then get them all to have a baby and claim the all the benefits in the world. Also what they then could do is have SMS as their home and then the social can pay the mortgage Thinking outside the box...you get my vote for being our new chairman... Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 25 October, 2008 Share Posted 25 October, 2008 Ok, this is totally off the wall but is a theory I have had for a while now. Despite the current financial climate RL has cast iron backers who are waiting in the wings. In a fit of spite, remember I am just being off the wall here and NOT I repeat NOT alleging anything, he drives the business into the ground. Within days he approaches the O.R. with a 'rescue package' which entails any tax liabilities being fully discharged and all others getting 20p in the pound. The mortgage is taken over by the new backers. All the shares are worthless but hey! Rupert's lost money is more than recompensed by a handsome 'brokerage fee' from the financial backers and a place high on the board of the new company. Cynical, most definitely, but who knows? What about that for a conspiracy theory? Link to comment Share on other sites More sharing options...
Jackie@home Posted 25 October, 2008 Share Posted 25 October, 2008 There are NO benefits for anyone for us going to administration. Look at Luton and Bournemouth - it's really benefited them, hasn't it?? St. Marco, why do you think "lots of rich people" would be interested in taking us on? Haven't you heard what's going on with the world in financial crisis? Banks won't even lend to each other, let alone to buy a debt-ridden non Premiership football club. Bournemouth nearly went out of existence, and they relied on their old chairman to get involved to stop this happening. They own no assets at all and have no players left - how can this be beneficial? Link to comment Share on other sites More sharing options...
alpine_saint Posted 25 October, 2008 Share Posted 25 October, 2008 ACtually I have a good idea. Re-instate the females team and employ a load of 16 year olds to play (much like the first team) and then get them all to have a baby and claim the all the benefits in the world. Also what they then could do is have SMS as their home and then the social can pay the mortgage hehehehehe. Have we got any Afghan asylum seekers with seven kids and a good first touch ? Link to comment Share on other sites More sharing options...
Mole Posted 25 October, 2008 Share Posted 25 October, 2008 There are NO benefits for anyone for us going to administration. Look at Luton and Bournemouth - it's really benefited them, hasn't it?? St. Marco, why do you think "lots of rich people" would be interested in taking us on? Haven't you heard what's going on with the world in financial crisis? Banks won't even lend to each other, let alone to buy a debt-ridden non Premiership football club. Bournemouth nearly went out of existence, and they relied on their old chairman to get involved to stop this happening. They own no assets at all and have no players left - how can this be beneficial? Your post is irrelevent because we are going into administration like it or not. Any idiot can work out that a business that loses money year on year will at some point go under. With Saints the only doubt is when will it happen. Link to comment Share on other sites More sharing options...
eelpie Posted 25 October, 2008 Share Posted 25 October, 2008 I don't think so, Lowe and Wilde are desperate for us not to go into administration or they will lose all the value of their shares (which is a considerable amount of money), hence the desperate measures we are seeing on a weekly basis to try and keep the club solvent. I have to assume that they are waiting for someone to turn up and buy them out or for an upturn in our performances to generate a profit, both options seem unlikely, I don't think the club is worth the amount of money that Lowe and Wilde would be asking for and without investment our performances are unlikely to improve. My prefered option would have been to go into administration at the end of last season, take the penalty points and get relegated and then start again with a fresh board, would be a bitter pill to swallow but I think would allow us to return to some kind of decent football club much more quickly. You are probably right. The worst scenario imo would be to go into administration next season after relegation, when we will suffer massive League 1 points deduction. It would be wiser to go into administration this season when it is obvious that we are not good enough to survive, and it won't matter too much if we finish this season with minus points.. Anytime now? But Lowe and Wilde don't have that basic cunning. Link to comment Share on other sites More sharing options...
hughieslastminutegoal Posted 25 October, 2008 Share Posted 25 October, 2008 I too just have those nagging feelings that Lowe/Asham and co. have a plan. I pose a bit of speculation on the 'administration now?' thread - for others more knowledgeable than me to shoot down, of course. Link to comment Share on other sites More sharing options...
ottery st mary Posted 25 October, 2008 Share Posted 25 October, 2008 You are probably right. The worst scenario imo would be to go into administration next season after relegation, when we will suffer massive League 1 points deduction. It would be wiser to go into administration this season when it is obvious that we are not good enough to survive, and it won't matter too much if we finish this season with minus points.. Anytime now? But Lowe and Wilde don't have that basic cunning. Maybe they do..There up to something and it is not producing a football team...Poor old JP is just a scapegoat and is being left out to dry..Admin is their game by the look of it. Link to comment Share on other sites More sharing options...
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