Legod Third Coming Posted 2 January, 2009 Share Posted 2 January, 2009 If you are in contact with any of the people who have brazenly briefed various parties about their capacity to or desire to help this club financially, NOW is the time. Not next week, not next month, not next season. NOW. Only a change of ownership or direction can help us avoid relegation. We need urgently to buy some experienced players to supplement some of our raw talent. This needs money. This needs new investment or ownership. Speak now or it will be too late. 30 days and the clock is ticking. Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 2 January, 2009 Share Posted 2 January, 2009 as much as i hate to say it the club is not for sale,lowe does not want to sale. if somebody wants to put money into the club by maybe buying a player or two then all well and good but is there anybody out there stupid enough to do that? there has to be a willing seller before there is a willing buyer,regardless of what lowe says in public about selling the club,i dont believe he wants to sell. somebody with good intentions needs to hoover up as many shares as possible outside of the big three and then hold crouch to his promise of giving his shares to the right person,then work on prising lowe and wildes away from them. Link to comment Share on other sites More sharing options...
Puddings and Monkeys Posted 2 January, 2009 Share Posted 2 January, 2009 More to the point, no one wants to buy football clubs now - just ask that nice Mr Ashley at Newcastle and that dodgy Russian geezer at the Skates. Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 2 January, 2009 Author Share Posted 2 January, 2009 But apparently we have Fans with money who have talked about buying in? NOW is the time. Because our team will be decimated in a few weeks. I don't think these so called wealthy fans - Fulthorpe, Salz, whomever - appreciate the gravity of the situation. Link to comment Share on other sites More sharing options...
Scummer Posted 2 January, 2009 Share Posted 2 January, 2009 I don't think these so called wealthy fans - Fulthorpe, Salz, whomever - appreciate the gravity of the situation. I'm sure they do, but it was never their money they were planning on putting in was it? Hence all the comments of 'we'll have the cash any day now'. Face facts, the credit crunch/recession has put paid to any potential takeover. We are screwed, the only consolation is that other clubs are likely to be in the same boat as us. Link to comment Share on other sites More sharing options...
sadoldgit Posted 2 January, 2009 Share Posted 2 January, 2009 But apparently we have Fans with money who have talked about buying in? NOW is the time. Because our team will be decimated in a few weeks. I don't think these so called wealthy fans - Fulthorpe, Salz, whomever - appreciate the gravity of the situation. Come on Legod, are you serious? Of course they appreciate the gravity of the situation. But Fulthorpe is a long standing joke and Salz is not going to through his money away just because us fans want him to now is he? Link to comment Share on other sites More sharing options...
Fan The Flames Posted 2 January, 2009 Share Posted 2 January, 2009 I think the current directors should put their hands in their pocket and buy a couple of new players. Its about time they invested beyond buying shares. Link to comment Share on other sites More sharing options...
sadoldgit Posted 2 January, 2009 Share Posted 2 January, 2009 I think the current directors should put their hands in their pocket and buy a couple of new players. Its about time they invested beyond buying shares. Yep, and perhaps the board of Woolies should have bought a few tons of pick'n'mix between them too? Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 2 January, 2009 Share Posted 2 January, 2009 Yep, and perhaps the board of Woolies should have bought a few tons of pick'n'mix between them too? and is the high street and 20,000 employees better of because they did not? Link to comment Share on other sites More sharing options...
beatlesaint Posted 2 January, 2009 Share Posted 2 January, 2009 I think the current directors should put their hands in their pocket and buy a couple of new players. Its about time they invested beyond buying shares. Well Leon Crouch wrote a cheque for £2 million a few weeks ago and asked Lowe and Wilde to match it in order to write off the overdraft to Barclays. They laughed in his face. The source of this story - Mary Corbett. Link to comment Share on other sites More sharing options...
Fan The Flames Posted 2 January, 2009 Share Posted 2 January, 2009 Yep, and perhaps the board of Woolies should have bought a few tons of pick'n'mix between them too? Hang your head in shame likening our situation to the closure of Woolies have we made 20,000 redundant at Christmas. The directors of SFC could loan the club some money to strengthen the squad, it happens up and down the country but not at our club, why. Link to comment Share on other sites More sharing options...
Fan The Flames Posted 2 January, 2009 Share Posted 2 January, 2009 Well Leon Crouch wrote a cheque for £2 million a few weeks ago and asked Lowe and Wilde to match it in order to write off the overdraft to Barclays. They laughed in his face. The source of this story - Mary Corbett. I heard this too, but Wilde is a fake and Lowe is a chancer. Link to comment Share on other sites More sharing options...
derry Posted 2 January, 2009 Share Posted 2 January, 2009 The buyout of Saints by Lowe was a means of generating profits and income as a cashflow business for him and his partners Anything that needs investment by them is not an option. Anything like a rights issue, which would be beneficial to supporter shareholders who would be likely to subscribe, is not an option, because in the absence of the Directors buying in, their shareholding percentage would be reduced and would allow them to be ousted. In any event any buyout, even if agreed, would take far longer than the end of January to achieve. Link to comment Share on other sites More sharing options...
Mole Posted 2 January, 2009 Share Posted 2 January, 2009 Well Leon Crouch wrote a cheque for £2 million a few weeks ago and asked Lowe and Wilde to match it in order to write off the overdraft to Barclays. They laughed in his face. The source of this story - Mary Corbett. And to think some of the "fans" that post on here support Lowe and are against Crouch. You know who you are and you should hang your heads in shame. You are not fellow Saints fans but judas traitor scum.:mad: Link to comment Share on other sites More sharing options...
graymalkin33 Posted 2 January, 2009 Share Posted 2 January, 2009 And to think some of the "fans" that post on here support Lowe and are against Crouch. You know who you are and you should hang your heads in shame. You are not fellow Saints fans but judas traitor scum.:mad: lolololololololol Ahhhhhhh ok Anyway....... its very easy to goad your enemy with a £2m cheque knowing they will never match it. Its called point scoring. As soon as the board stop point scoring against each other and the team start point scoring in earnest, nothing will change. Insulting other supporters of the same team as you makes you what exactly? Does that have a name? Link to comment Share on other sites More sharing options...
beatlesaint Posted 2 January, 2009 Share Posted 2 January, 2009 Anyway....... its very easy to goad your enemy with a £2m cheque knowing they will never match it. Its called point scoring. As soon as the board stop point scoring against each other and the team start point scoring in earnest, nothing will change. Why would they never match it ? They both declare themselves fans of the club, they both declare they have come back to stabalise and save the club and they have both come back to be hailed as heroes for restoring SFC to the premiership........havent they ? Or have they come back for a different reason ? Both CAN afford to match Crouch's cheque btw. Wilde was going to put £2 million in when he first came here, that was his first broken promise I think you will find....and Lowe has just paid £1 million for some prime fishing river bank in Scotland. Not point scoring......trying to help out the club you love.....of course Crouch is the only one of the three who is a genuine and lifelong Saints fan isnt he ? Link to comment Share on other sites More sharing options...
corky morris Posted 2 January, 2009 Share Posted 2 January, 2009 Hang your head in shame likening our situation to the closure of Woolies have we made 20,000 redundant at Christmas. The directors of SFC could loan the club some money to strengthen the squad, it happens up and down the country but not at our club, why. The one thing i will give Wilde credit for is coming up with his own money to buy into the club. Crouch also. Lowe was rewarded for relegating this club with the option to buy shares from the income he derived from being chairman. Come on Rupert - SHOW US YOUR MONEY! Link to comment Share on other sites More sharing options...
WealdSaint Posted 2 January, 2009 Share Posted 2 January, 2009 Well Leon Crouch wrote a cheque for £2 million a few weeks ago and asked Lowe and Wilde to match it in order to write off the overdraft to Barclays. They laughed in his face. The source of this story - Mary Corbett. Very interesting. The word selfish comes to mind for Lowe & Wilde. They care for nothing accept guarding their own money in the club. I'm sure they'd see the death of this club if it ment holding onto their 30 pieces of silver! Link to comment Share on other sites More sharing options...
Topcat Posted 2 January, 2009 Share Posted 2 January, 2009 LTC is right, time is running out. But Lowe and his backers seem to have a death wish for their investment and are plowing on into relegation, administration, a points deduction and L2. Was there ever a more incompetent bunch of businessmen? They rival Northern Crock's ex-Board. We lose the Club and they lose their shares. Link to comment Share on other sites More sharing options...
alpine_saint Posted 2 January, 2009 Share Posted 2 January, 2009 If you are in contact with any of the people who have brazenly briefed various parties about their capacity to or desire to help this club financially, NOW is the time. Not next week, not next month, not next season. NOW. Only a change of ownership or direction can help us avoid relegation. We need urgently to buy some experienced players to supplement some of our raw talent. This needs money. This needs new investment or ownership. Speak now or it will be too late. 30 days and the clock is ticking. Welcome to the club, LGTC... *offers olive branch* Link to comment Share on other sites More sharing options...
alpine_saint Posted 2 January, 2009 Share Posted 2 January, 2009 Yep, and perhaps the board of Woolies should have bought a few tons of pick'n'mix between them too? I think you require the services of a doctor. Has Xmas been a stressful time for you or something ? You're making a complete arse of yourself with your ill-considered bend-over-backwards-for-Lowe comments on here today... Link to comment Share on other sites More sharing options...
OldNick Posted 2 January, 2009 Share Posted 2 January, 2009 Well Leon Crouch wrote a cheque for £2 million a few weeks ago and asked Lowe and Wilde to match it in order to write off the overdraft to Barclays. They laughed in his face. The source of this story - Mary Corbett.Did MC offer to put in money as well? Link to comment Share on other sites More sharing options...
Window Cleaner Posted 2 January, 2009 Share Posted 2 January, 2009 and is the high street and 20,000 employees better of because they did not? 30,000 Link to comment Share on other sites More sharing options...
beatlesaint Posted 2 January, 2009 Share Posted 2 January, 2009 Did MC offer to put in money as well? I have no idea...why ? Does it put doubt into your mind as to wether she is telling the truth then ? Dont really see the relevance, I am just relating what I heard from her own mouth. Link to comment Share on other sites More sharing options...
Lunatic Fridge Posted 2 January, 2009 Share Posted 2 January, 2009 Did MC offer to put in money as well? Pathetic comment. Get a life or better still go and support the skates. Link to comment Share on other sites More sharing options...
mcjwills Posted 2 January, 2009 Share Posted 2 January, 2009 I am now convinced that the only was this club is going to get ANY inverstment is after we have gone into administration and the share can be hoovered up at a really low cut price. If I was a businessman looking to put money into a football club including Fulthorpe, Salz et al.. I would be waiting for administration to get the club on the cheap. Letsw not beat about the bush, we all know were going down so we may as well take the 15 point deduction now, get out of admistration early without any debt left, re-negotiate with the owners of the ground a lower rental (the ground is owned by a separate company), preferably holding a gun to their head, even using the threat of lower rent or we will build another ground and F**k you Rupert you have a ground without a team in it. This will mean league 1 footie next year but were gonna have it and a 15 point deficit before we start the season next year if we dont do it now, of course the added bonus will be getting rid of Rupes and the Quisling. Link to comment Share on other sites More sharing options...
Saint Without a Halo Posted 2 January, 2009 Share Posted 2 January, 2009 I think the current directors should put their hands in their pocket and buy a couple of new players. Its about time they invested beyond buying shares. Buying Shares is investig in the club! A PLC rises money through a rights issue which ensures a proportionally greater shareholding for those investing! That is only right! Do you want to give you money to the current lot to invest? Link to comment Share on other sites More sharing options...
70's Mike Posted 2 January, 2009 Share Posted 2 January, 2009 Yep, and perhaps the board of Woolies should have bought a few tons of pick'n'mix between them too? but directors/owners of companies the size of SLH AROUND THE country are funding their businesses to keep them a float at this time, why should SLH be different. i doubt whether the directors of woolies own or even controlled the share capital. Link to comment Share on other sites More sharing options...
Saint Without a Halo Posted 2 January, 2009 Share Posted 2 January, 2009 Did MC offer to put in money as well? Would Crouch really put up 2 million to be spent by a board dominated by Lowe and Wild. surely he would be better off using the 2m to buy more shares and attempt to retake control. The truth is no one wants to put 2m into a "sinking ship"! Unfortunately as can been seen by many companies currently experiencing similar debt/asset ratios in the credit cunch, you will get more value for your pounds "when the ship is sunk" than when it is sinking! If the club goes down 2m will probably buy the whole club outright (all debt included of course)! Link to comment Share on other sites More sharing options...
Saint Without a Halo Posted 2 January, 2009 Share Posted 2 January, 2009 but directors/owners of companies the size of SLH AROUND THE country are funding their businesses to keep them a float at this time, why should SLH be different. i doubt whether the directors of woolies own or even controlled the share capital. Who is funding businesses in which they dont own the share capital? With the exception of the club ower directors like Abramovich Only banks and funding institutions would do so and in the current circumstances only with gurantees against the assets and an interest rate to reflect the risk and current availability of cash in the markets! A director offering a club cash in such circumstanes would usually want it treated as a loan with various strings attached and these strings are likely to be at the expense of the shareholder investment and therefore likely to be turned down by the board who are elected to represent the shareholders! Link to comment Share on other sites More sharing options...
70's Mike Posted 2 January, 2009 Share Posted 2 January, 2009 Who is funding businesses in which they dont own the share capital? With the exception of the club ower directors like Abramovich Only banks and funding institutions would do so and in the current circumstances only with gurantees against the assets and an interest rate to reflect the risk and current availability of cash in the markets! A director offering a club cash in such circumstanes would usually want it treated as a loan with various strings attached and these strings are likely to be at the expense of the shareholder investment and therefore likely to be turned down by the board who are elected to represent the shareholders! but 70% of slh is owned by less than 10 people, they have to choose now whether to fund the business or let it go broke because without a cash injection that is going to happen. The board of slh represent over 50% of the share capital when it suits them. I and 3 co directors/owners have just guaranteed an increase in our overdraft facilty because we believe in our policies , staff and business shane RL AND CO do not believe in SLH Link to comment Share on other sites More sharing options...
docker-p Posted 2 January, 2009 Share Posted 2 January, 2009 The problem is if anyone offered Lowe, Askham or any of the other half-wits the current price for their shares, they wouldn't sell. Lowe still thinks his shares are worth 60p each. I think spineless Mike Wilde wouldn't probably settle for a lot less than the 50p (?) he paid just to get out of the mess. It will be some consolation (only very small) to know that if we do go into administration Lowe, Wilde, and Askham will have lost a lot of money. Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 2 January, 2009 Share Posted 2 January, 2009 but 70% of slh is owned by less than 10 people, they have to choose now whether to fund the business or let it go broke because without a cash injection that is going to happen. The board of slh represent over 50% of the share capital when it suits them. I and 3 co directors/owners have just guaranteed an increase in our overdraft facilty because we believe in our policies , staff and business shane RL AND CO do not believe in SLH Fantastic post Mike - nail hit firmly and squarely on the head. The shareholders should put their hands into their pockets to save a failing business. The fact that Lowe is in control is because he has been put there by the shareholders - if they do not agree with his policies then get him out. Ah, but there's the nub of the problem - the PLC status once again ensures the business WILL fail under Lowes watch - as sure as day becomes night. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 3 January, 2009 Share Posted 3 January, 2009 If you are in contact with any of the people who have brazenly briefed various parties about their capacity to or desire to help this club financially, NOW is the time. Not next week, not next month, not next season. NOW. Only a change of ownership or direction can help us avoid relegation. We need urgently to buy some experienced players to supplement some of our raw talent. This needs money. This needs new investment or ownership. Speak now or it will be too late. 30 days and the clock is ticking. Agreed 100%. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 3 January, 2009 Share Posted 3 January, 2009 Well Leon Crouch wrote a cheque for £2 million a few weeks ago and asked Lowe and Wilde to match it in order to write off the overdraft to Barclays. They laughed in his face. The source of this story - Mary Corbett. If this is true... Crouch would HAVE to honour it. Otherwise he'd look a fool. Nice one Leon! I dont want you anywhere near running the club and would like you to delist it please... but for Ted Bates Statue, this gesture et al... Respect. Link to comment Share on other sites More sharing options...
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