nathan Posted 19 January, 2009 Share Posted 19 January, 2009 I have heard a rumour that we have been issued with a winding up order with something due to happen on 8th Feb. (Vague I know!) I don't claim to be in the know, and this has only come from someone who does a lot of hospitality at the ground and knows a few of the staff. Anyone heard anything about this? Link to comment Share on other sites More sharing options...
Ponty Posted 19 January, 2009 Share Posted 19 January, 2009 Eek. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 19 January, 2009 Share Posted 19 January, 2009 Administration. Link to comment Share on other sites More sharing options...
sadoldgit Posted 19 January, 2009 Share Posted 19 January, 2009 Surley there is enough winding up here everyday to last us a lifetime??? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 19 January, 2009 Share Posted 19 January, 2009 I have heard a rumour that we have been issued with a winding up order with something due to happen on 8th Feb. (Vague I know!) I don't claim to be in the know, and this has only come from someone who does a lot of hospitality at the ground and knows a few of the staff. Anyone heard anything about this? Would explain the rumour on another thread regarding a meeting at SMS between Lowe and Lord Lucan yesterday. Link to comment Share on other sites More sharing options...
Micky Posted 19 January, 2009 Share Posted 19 January, 2009 Ooooo eeerrrrr standby for the 3rd degree Nathan - you sure know how to liven the evening up dontcha...!!! Link to comment Share on other sites More sharing options...
Deppo Posted 19 January, 2009 Share Posted 19 January, 2009 (edited) Is this a wind-up?LOL! Edited 19 January, 2009 by Deppo I ****ed up. Link to comment Share on other sites More sharing options...
bridge too far Posted 19 January, 2009 Share Posted 19 January, 2009 Sort of ties in with this post: http://www.saintsweb.co.uk/forum/showthread.php?p=157455&highlight=February#post157455 post 19 Link to comment Share on other sites More sharing options...
modern matron Posted 19 January, 2009 Share Posted 19 January, 2009 I left after Donny's 2nd goal and as I was leaving I was told by a total stranger that this was likely to happen. He added that the club would go into administration before the end of January to avoid 10 point penalty being applied next season...... I didn't believe it but who knows.... Link to comment Share on other sites More sharing options...
um pahars Posted 19 January, 2009 Share Posted 19 January, 2009 Would explain the rumour on another thread regarding a meeting at SMS between Lowe and Lord Lucan yesterday. There was no meeting at SMS between Lowe and anyone else yesterday. Apparently the last time Lowe was seen at SMS was the Man Yoo game (unless anyone can prove my contact to be blind or lying LOL). Link to comment Share on other sites More sharing options...
saint lard Posted 19 January, 2009 Share Posted 19 January, 2009 Well,thats just dandy. Link to comment Share on other sites More sharing options...
Sheaf Saint Posted 19 January, 2009 Share Posted 19 January, 2009 There was no meeting at SMS between Lowe and anyone else yesterday. Apparently the last time Lowe was seen at SMS was the Man Yoo game (unless anyone can prove my contact to be blind or lying LOL). Whooooooosh! Link to comment Share on other sites More sharing options...
Colinjb Posted 19 January, 2009 Share Posted 19 January, 2009 There was no meeting at SMS between Lowe and anyone else yesterday. Apparently the last time Lowe was seen at SMS was the Man Yoo game (unless anyone can prove my contact to be blind or lying LOL). Erm, You do know who Lord Lucan is, don't you? Link to comment Share on other sites More sharing options...
Weston Saint Posted 19 January, 2009 Share Posted 19 January, 2009 A winding up order with a hearing date as you suggest would surely be in the public domain by now. The club are in financial difficulty and Administration is still an option but I have not heard it is a certainty yet. Link to comment Share on other sites More sharing options...
um pahars Posted 19 January, 2009 Share Posted 19 January, 2009 Whooooooosh! , Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 19 January, 2009 Share Posted 19 January, 2009 There was no meeting at SMS between Lowe and anyone else yesterday. Apparently the last time Lowe was seen at SMS was the Man Yoo game (unless anyone can prove my contact to be blind or lying LOL). Fair enough..methinks we won't be seeing him or Wilde there again anytime soon. Link to comment Share on other sites More sharing options...
Pilchards Posted 19 January, 2009 Share Posted 19 January, 2009 Erm, You do know who Lord Lucan is, don't you? Might as well be our new strike force. Link to comment Share on other sites More sharing options...
John B Posted 19 January, 2009 Share Posted 19 January, 2009 I have heard a rumour that we have been issued with a winding up order with something due to happen on 8th Feb. (Vague I know!) I don't claim to be in the know, and this has only come from someone who does a lot of hospitality at the ground and knows a few of the staff. Anyone heard anything about this? Feb 8 is a Sunday Link to comment Share on other sites More sharing options...
um pahars Posted 19 January, 2009 Share Posted 19 January, 2009 Erm, You do know who Lord Lucan is, don't you? Something to do with the Charge of the Light Brigade????? Was actually trying to find a way of passing on another snippet from my reliable/unreliable source who reckons Lowe hasn't been there in two weeks and also responding to some PM's and other posts suggesting there was a meeting planned for yesterday/today. I'm not even sure Lowe is doing two days a week at the moment???? Did he go to barnsley??? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 19 January, 2009 Share Posted 19 January, 2009 Erm, You do know who Lord Lucan is, don't you? Sorry Colin, it's my Pet Name for Mike Wilde... Get it...they can't find Lord Lucan either..... Link to comment Share on other sites More sharing options...
Sheaf Saint Posted 19 January, 2009 Share Posted 19 January, 2009 Sorry Colin, it's my Pet Name for Mike Wilde... Get it...they can't find Lord Lucan either..... Ah. So the whoooooooosh is on me then.... Sh1t! Link to comment Share on other sites More sharing options...
nathan Posted 19 January, 2009 Author Share Posted 19 January, 2009 It is indeed. I was merely passing on the info, and this was the date mentioned. I presume that like any other court case, it wouldn't be dealt with on a Sunday. Link to comment Share on other sites More sharing options...
Deppo Posted 19 January, 2009 Share Posted 19 January, 2009 Erm, You do know who Lord Lucan is, don't you? Is he the one that lives in the safari park? Link to comment Share on other sites More sharing options...
benjii Posted 19 January, 2009 Share Posted 19 January, 2009 If a winding up petition was presented now, the hearing wouldn't be on 8th Feb (Sunday or no Sunday). It'd be more like late March or April. More likely some sort of analogous step may have been taken. Maybe we tried to impose new payment terms on a supplier and they issued a statutory demand or something like that. That gives you 21 days to make payment or dispute the sum or is otherwise taken as de facto evidence of insolvency. 21 days from Saturday would be 7th Feb. Or.... maybe it's all a load of hocum! Link to comment Share on other sites More sharing options...
Gemmel Posted 19 January, 2009 Share Posted 19 January, 2009 A winding up order with a hearing date as you suggest would surely be in the public domain by now. The club are in financial difficulty and Administration is still an option but I have not heard it is a certainty yet. Correct any winding up order would not only be in the public domain, but all across the press..... they monitor this sort of thing and a winding up order would be published at the court....complete non story Link to comment Share on other sites More sharing options...
Mole Posted 19 January, 2009 Share Posted 19 January, 2009 The sooner Admin happens the better. I just hope we can take the points hit this season and not carry it over into next season. Rupert Lowe... Every cloud has a silver lining. Link to comment Share on other sites More sharing options...
St Marco Posted 19 January, 2009 Share Posted 19 January, 2009 While i question the credibility of the source (nothing personel just we have seen it all over the past few years) i think it could be inevitible sooner rather then later. The one thing we know for sure is this club is in debt, a lot of it. We also know that our income and outcome are not level i.e we are still losing money. Add to this we have smaller and smaller gate receipts, the return of a few higher paid players (Saga) would lead us to believe we are still losing money. The fact no bids have come in for any players could mean the chances are we won't be selling anyone in the window. Which is good for us but bad for the finances. Mix all that up and you get the picture the club is losing more money then we are making. That is nothing new, what is new is the people we owe money to are themselves now starting to feel the pressure of the financial climate. Barclays have had to axe over 4000 jobs recently and saw their shares fall 25% in the past week alone, not good news. If they are in the **** then all those who owe them a lot of cash will probably be having pressure put on them to pay up. The way things are going with our club you don't need to be the head of a bank to realise chances are you probably won't be seeing your cash coming back anytime soon. So while i doubt it will be that soon if we stay on our current course it will obviously lead to admin. We are not the only ones though. Link to comment Share on other sites More sharing options...
Gemmel Posted 19 January, 2009 Share Posted 19 January, 2009 The sooner Admin happens the better. I just hope we can take the points hit this season and not carry it over into next season. Rupert Lowe... Every cloud has a silver lining. Stanley, whilst i agree with some of what you post (Wanting Lowe out) your take on administration is akin to that of lowes stratergy of bringing in JP and only playing kids.....fundementally flawed, a huge huge huge gamble, with odds that are stacked against the clubs bests interests Link to comment Share on other sites More sharing options...
AwaySaint1 Posted 19 January, 2009 Share Posted 19 January, 2009 Anyone know if local companies are still giving SLH credit? Or is it cash on delivery only now,just that it would be a good pointer to how things are going if credit is refused. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 19 January, 2009 Share Posted 19 January, 2009 Something to do with the Charge of the Light Brigade????? Was actually trying to find a way of passing on another snippet from my reliable/unreliable source who reckons Lowe hasn't been there in two weeks and also responding to some PM's and other posts suggesting there was a meeting planned for yesterday/today. I'm not even sure Lowe is doing two days a week at the moment???? Did he go to barnsley??? Don't honestly know, but he can go to Hell as far as I'm concerned because that is what he's putting this club and it's fans through. Link to comment Share on other sites More sharing options...
Thedelldays Posted 19 January, 2009 Share Posted 19 January, 2009 i thought lowe was on holiday..now he was at sms yesterday... WTF Link to comment Share on other sites More sharing options...
Mole Posted 19 January, 2009 Share Posted 19 January, 2009 The threat of admin would certainly make me think twice about renewing a season ticket. £500 is a lot of money to lose. Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 19 January, 2009 Share Posted 19 January, 2009 low post members plus itk gossip means only one thing.......pr plant Link to comment Share on other sites More sharing options...
trousers Posted 19 January, 2009 Share Posted 19 January, 2009 I have heard a rumour that we have been issued with a winding up order with something due to happen on 8th Feb. (Vague I know!) I don't claim to be in the know, and this has only come from someone who does a lot of hospitality at the ground and knows a few of the staff. Anyone heard anything about this? No, but would appreciate it is you could make my Skandia pension perform better....thanks... Link to comment Share on other sites More sharing options...
CanadaSaint Posted 19 January, 2009 Share Posted 19 January, 2009 I'm inclined to buy it, tragic as it is. If: A) Relegation means almost certain administration, B) Our on-field performance is increasingly likely (almost certain) to get us relegated C) We haven't been able to "liquidate assets" in the window D) The current club 'leadership' is facing open revolt from its customer base it's not long before objective financial minds turn to a "start again recovery plan" rather than maintaining utterly futile attempts to keep things going under current conditions. In short, take the ten point hit now and start again next year. I don't think I can say the word **** enough to sum up my feelings. The only good thing is that Rupert has as much chance of leading the recovery as I have of becoming the next Pope, and I'm not even catholic. Link to comment Share on other sites More sharing options...
Gemmel Posted 19 January, 2009 Share Posted 19 January, 2009 The threat of admin would certainly make me think twice about renewing a season ticket. £500 is a lot of money to lose. Stop posting sh i t e about admin. People will not lose thier season tickets if they renewed and we went into admin. Whilst it is feasible in legal terms, it has never ever happened and the FA would step in, plus all people who paid by credit card would be covered. Stanley admin is not the same for Saints as it is for other clubs due to the stadium debt. You have convinced yourself of a utopia that doesnt exist Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 19 January, 2009 Share Posted 19 January, 2009 company rules require 21 days notice of an AGM / EGM. clearly an AGM /EGM would not happen on 8th Feb. 9th Feb is 21 days from today. So expect your invite to arrive in tormorrows post. Link to comment Share on other sites More sharing options...
Mole Posted 19 January, 2009 Share Posted 19 January, 2009 Stop posting sh i t e about admin. People will not lose thier season tickets if they renewed and we went into admin. Whilst it is feasible in legal terms, it has never ever happened and the FA would step in, plus all people who paid by credit card would be covered. Stanley admin is not the same for Saints as it is for other clubs due to the stadium debt. You have convinced yourself of a utopia that doesnt exist I've convinced myself it's going to happen so i'm just looking for the positives. Link to comment Share on other sites More sharing options...
Gemmel Posted 19 January, 2009 Share Posted 19 January, 2009 I've convinced myself it's going to happen so i'm just looking for the positives. There aren't any mate Link to comment Share on other sites More sharing options...
benjii Posted 19 January, 2009 Share Posted 19 January, 2009 There aren't any mate Askham, Lowe and Wilde losing their money? Surely there's some solace in that? Link to comment Share on other sites More sharing options...
Mole Posted 19 January, 2009 Share Posted 19 January, 2009 Askham, Lowe and Wilde losing their money? Surely there's some solace in that? Precisely. Link to comment Share on other sites More sharing options...
Ponty Posted 19 January, 2009 Share Posted 19 January, 2009 Askham, Lowe and Wilde losing their money? Surely there's some solace in that? Whilst they're all off of my Christmas card list, trading the club, as we know it, for a few quid out of their collective pockets is pretty petty. Link to comment Share on other sites More sharing options...
Gemmel Posted 19 January, 2009 Share Posted 19 January, 2009 Askham, Lowe and Wilde losing their money? Surely there's some solace in that? That's of course if there is a buyer....and that's assuming it isn't one of them. The problem is that Aviva won't write of the debt for 10, 20 30p in the pound, they will simply do something else with it, which leaves us up ****e street. I'm not saying there isnt someone out there, but it is a big gamble and if it doesnt come off, it could be the end Link to comment Share on other sites More sharing options...
Saint Bones Posted 19 January, 2009 Share Posted 19 January, 2009 What happens if no one picks up the peices.... No more club. This, I can barely stand thinkinng about. Link to comment Share on other sites More sharing options...
La BoIS Saint Posted 19 January, 2009 Share Posted 19 January, 2009 There's nothing at Companies House under either Southampton Football Club or Southampton Leisure Holdings. Most recent filing for SLH is under s 353a, something to do with the location of the register of members. Link to comment Share on other sites More sharing options...
CanadaSaint Posted 19 January, 2009 Share Posted 19 January, 2009 I'm not saying there isnt someone out there, but it is a big gamble and if it doesnt come off, it could be the end There's always someone out there, Gemmel. It's just a question of price. The stadium is both our biggest millstone (cost) and our greatest protection (you can hardly asset-strip a Premiership-grade football stadium). And, Saturday notwithstanding, we do have one hell of a fan base with a ton of potential. It wouldn't surprise me if there's a big line-up of interested parties as long as Rupert's not standing on the forecourt with his smug grin, imperious manner and desire to control everything. It might be time to start looking for a silver lining but there is one there. Link to comment Share on other sites More sharing options...
hypochondriac Posted 19 January, 2009 Share Posted 19 January, 2009 Ridiculous to even suggest that no one would buy saints after admin. Link to comment Share on other sites More sharing options...
brmbrm Posted 19 January, 2009 Share Posted 19 January, 2009 Excuse my ignorance, but isn't "winding up" different from "administration"? i thought administration was trying to sort out the companies finances, come to some sort of agreement with creditors, maybe seel the company, but try to keep it as a going concern. Winding up is sell all the assets, close it down and disburse all the assets to the shareholders. End of PLC. End of club. Link to comment Share on other sites More sharing options...
Sheaf Saint Posted 19 January, 2009 Share Posted 19 January, 2009 What happens if no one picks up the peices.... No more club. This, I can barely stand thinkinng about. Somebody will buy it if it is offered cheap enough. I personally think this is why we have not been taken over already, because the vultures have been circling waiting for the club to effectively die so they can pick it up at a fraction of what it was being offered at before administration. Then again, I could be completely wrong. Link to comment Share on other sites More sharing options...
Gemmel Posted 19 January, 2009 Share Posted 19 January, 2009 There's always someone out there, Gemmel. It's just a question of price. The stadium is both our biggest millstone (cost) and our greatest protection (you can hardly asset-strip a Premiership-grade football stadium). And, Saturday notwithstanding, we do have one hell of a fan base with a ton of potential. It wouldn't surprise me if there's a big line-up of interested parties as long as Rupert's not standing on the forecourt with his smug grin, imperious manner and desire to control everything. It might be time to start looking for a silver lining but there is one there. Well considering the companies market cap is almost equivelent to half the transfer fee for Walcott, anybody serious about making a move, would probably have made their play by now, so as not to risk a bidding war come administration. The price is about as low as it will ever get.....including administration. I am no expert, but the structure of the debt, does not support admistration. Link to comment Share on other sites More sharing options...
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