Minty Posted 21 January, 2009 Share Posted 21 January, 2009 He's allegedly quite close to Rupert isn't he? Or am I completely wrong? It seems to ring a bell with me anyway. There's not really anything new here, apart from the specific mention of 'the third week in March'. I don't know if it's based on anything inparticular? Anyway, make of it what you will: http://www.dailymail.co.uk/sport/article-1125028/Charles-Sale-Premier-League-turn-Hero-Fund-cash-villain.html Lowe point for Southampton Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office, will have to make a major decision by the third week of March. That is whether to put the club into administration and take the Football League’s 10-point penalty this season. Southampton, whose bank Barclays are threatening to reduce their overdraft facility considerably, have to find extra monies by the end of next month to keep afloat. Link to comment Share on other sites More sharing options...
DT Posted 21 January, 2009 Share Posted 21 January, 2009 He's allegedly quite close to Rupert isn't he? Or am I completely wrong? It seems to ring a bell with me anyway. There's not really anything new here, apart from the specific mention of 'the third week in March'. I don't know if it's based on anything inparticular? Anyway, make of it what you will: http://www.dailymail.co.uk/sport/article-1125028/Charles-Sale-Premier-League-turn-Hero-Fund-cash-villain.html Lowe point for Southampton Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office, will have to make a major decision by the third week of March. That is whether to put the club into administration and take the Football League’s 10-point penalty this season. Southampton, whose bank Barclays are threatening to reduce their overdraft facility considerably, have to find extra monies by the end of next month to keep afloat. Sounds like Rupert wrote this himself. Cut and paste job. Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2009 Share Posted 21 January, 2009 I was pondering as recently as yesterday why Mr Sale seemed to write about SFC's "boardroom warfare" every other week whilst Crouch was at the helm and yet has had 'nothing to report' since Lowe returned..... Didn't post my musings here though as it would have been too rhetorical and/or dull given the alleged friendship between Mssrs Lowe and Sale. From what I understand (which is as likely to be 'nothing' as 'something') we can take this piece in the Mail today as coming from the horse's mouth.... Perhaps the most significant paragraph published about SFC nationally in recent times? Link to comment Share on other sites More sharing options...
eelpie Posted 21 January, 2009 Share Posted 21 January, 2009 It's clearly prompted by Lowe who has re-written history in true Goebbels style. The 'regime that forced him out of office' was headed by the arch mismanager Wilde who put him back in office, ffs Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2009 Share Posted 21 January, 2009 Nice choice of picture to accompany the article though...complete with subliminal "PA" message.... Link to comment Share on other sites More sharing options...
a1ex2001 Posted 21 January, 2009 Share Posted 21 January, 2009 Maybe this is why portaloo is still here, if we don't win a game for the next month then everyone will be desperate for us to go into admin and take the points deduction this season so we have a better chance next year. Lowe will then buy the club back from the admins for next to nothing and have total control without the need of Wilde etc. Link to comment Share on other sites More sharing options...
solentstars Posted 21 January, 2009 Share Posted 21 January, 2009 He's allegedly quite close to Rupert isn't he? Or am I completely wrong? It seems to ring a bell with me anyway. There's not really anything new here, apart from the specific mention of 'the third week in March'. I don't know if it's based on anything inparticular? Anyway, make of it what you will: http://www.dailymail.co.uk/sport/article-1125028/Charles-Sale-Premier-League-turn-Hero-Fund-cash-villain.html Lowe point for Southampton Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office, will have to make a major decision by the third week of March. That is whether to put the club into administration and take the Football League’s 10-point penalty this season. Southampton, whose bank Barclays are threatening to reduce their overdraft facility considerably, have to find extra monies by the end of next month to keep afloat. if its true ,it shows the mismangaement of finances by the people in charge for the last few seasons which showed in the last agm. Link to comment Share on other sites More sharing options...
alpine_saint Posted 21 January, 2009 Share Posted 21 January, 2009 It's clearly prompted by Lowe who has re-written history in true Goebbels style. The 'regime that forced him out of office' was headed by the arch mismanager Wilde who put him back in office, ffs hehehehehehe Link to comment Share on other sites More sharing options...
JustMike Posted 21 January, 2009 Share Posted 21 January, 2009 Nice choice of picture to accompany the article though...complete with subliminal "PA" message.... looks like his own shadow is about to strangle him !!! Go on the shadow..you know you want to Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 21 January, 2009 Share Posted 21 January, 2009 I'm not quite sure what we have done in our lives that has been so unforgivable as to have had Lowe foisted upon us not just once but twice? Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2009 Share Posted 21 January, 2009 I'm not quite sure what we have done in our lives that has been so unforgivable as to have had Lowe foisted upon us not just once but twice? It'll be the third time that'll hurt the most.... Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 21 January, 2009 Share Posted 21 January, 2009 Thanks for the link Minty, not that I enjoyed reading it mind. I think that piece to be the clearest indication of what is happening and what will happen to SFC for a long time and I think it is now almost certain that administration and relegation beckons. It is sobering to see it in b+w, however. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 21 January, 2009 Share Posted 21 January, 2009 God I wish we had the ability to change things. Keep the pressure on people, see my thread about Panorama..... Link to comment Share on other sites More sharing options...
Minty Posted 21 January, 2009 Author Share Posted 21 January, 2009 Thanks for the link Minty, not that I enjoyed reading it mind. I think that piece to be the clearest indication of what is happening and what will happen to SFC for a long time and I think it is now almost certain that administration and relegation beckons. It is sobering to see it in b+w, however. Dunc, do you (or anyone else for that matter) actually know how close Sale is to Lowe? You obviously seem to think it's accurate and as i said in my original post, i remember talk about it previously, but can't remember specifics. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 21 January, 2009 Share Posted 21 January, 2009 Dunc, do you (or anyone else for that matter) actually know how close Sale is to Lowe? You obviously seem to think it's accurate and as i said in my original post, i remember talk about it previously, but can't remember specifics. Minty - I do not know for certain but I think if we trawled through everything he has written it has usually been consistently pro-Lowe and times to help his side of things. I also seem to remember people on here or previous forums making more factual linkages between the two. Perhaps others will help out later. Link to comment Share on other sites More sharing options...
Mr X Posted 21 January, 2009 Share Posted 21 January, 2009 Dunc, do you (or anyone else for that matter) actually know how close Sale is to Lowe? You obviously seem to think it's accurate and as i said in my original post, i remember talk about it previously, but can't remember specifics. They went to prep school for scoundrels, together Link to comment Share on other sites More sharing options...
Alejam Posted 21 January, 2009 Share Posted 21 January, 2009 Is this what Mr Fulthorpe (or whatever his name is) has been waiting for. Go into admin then buy the club for a lot less than if he bought now? Link to comment Share on other sites More sharing options...
bridge too far Posted 21 January, 2009 Share Posted 21 January, 2009 Is this what Mr Fulthorpe (or whatever his name is) has been waiting for. Go into admin then buy the club for a lot less than if he bought now? I thought he was reported as saying that 'today would be the day' (I'm paraphrasing). Something Dubai Phil heard, I think :smt102 Link to comment Share on other sites More sharing options...
Topcat Posted 21 January, 2009 Share Posted 21 January, 2009 Sad that our local paper the Echo lacks the journalists to find out what is going on and explain our position as clearly as this Mail article does. It is clearly a leak from the Lowe camp. But Lowe has no chance of buying the Club out of admin and when we go into admin his shares become worthless. Something I have not read on this site is what is the main priority for Lowe's actions now that his shares are becoming worthless? All Lowe can do for himself is preserve his public name as a Director. If he fails to put the Club into admin at the right time then he (Cowen and Jones etc) put at risk their ability to be a Director elsewhere. That is something that the Department for B.E.R.R (ex DTI) Inspectors will decide. This will not be about saving Saints. It will be about saving Lowe etc ability to be a Director. Link to comment Share on other sites More sharing options...
bridge too far Posted 21 January, 2009 Share Posted 21 January, 2009 Sad that our local paper the Echo lacks the journalists to find out what is going on and explain our position as clearly as this Mail article does. It is clearly a leak from the Lowe camp. But Lowe has no chance of buying the Club out of admin and when we go into admin his shares become worthless. ISomething I have not read about is what is the real focus of Lowe's actions now that his shares are worthless? All Lowe can do for himself is preserve his public name as a Director. If he fails to put the Club into admin at the right time then he (Cowen and Jones tec) put at risk their ability to be a Director elsewhere. That is something that the Department for B.E.R.R (ex DTI) Inspectors will decide. This will not be about saving Saints. It will be about saving Lowe etc ability to be a Director. I thought that only applied to bankruptcy? Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 21 January, 2009 Share Posted 21 January, 2009 Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office. These words alone confirm an allegiance to Lowe. Link to comment Share on other sites More sharing options...
bigdavewatson Posted 21 January, 2009 Share Posted 21 January, 2009 Maybe this is why portaloo is still here, if we don't win a game for the next month then everyone will be desperate for us to go into admin and take the points deduction this season so we have a better chance next year. Lowe will then buy the club back from the admins for next to nothing and have total control without the need of Wilde etc. It's a good point although the administrators, who will be appointed by the creditors, will be duty bound to get the best possible deal for the creditors. It is safe to assume that a number of people will be interested "at the right price" and dear old Rupes will have some competition. Link to comment Share on other sites More sharing options...
St Landrew Posted 21 January, 2009 Share Posted 21 January, 2009 I thought he was reported as saying that 'today would be the day' (I'm paraphrasing). Something Dubai Phil heard, I think :smt102 Seeing as everyone else is assuming, I'll assume that Fulthorpe assumed today would be the crunch day after presumably overhearing that yesterday's pre-crunch meeting would be held. Sadly, there was nothing crunchy about it at all. Instead, it was decidedly chewy with a sickly-sweet centre. Where did I hear that assumption is the mother of all f**k-ups..? Link to comment Share on other sites More sharing options...
Mr X Posted 21 January, 2009 Share Posted 21 January, 2009 These words alone confirm an allegiance to Lowe. Exactly its hardly unbiased impartial journalism. Sale is just another of Lowes puppets Link to comment Share on other sites More sharing options...
bigdavewatson Posted 21 January, 2009 Share Posted 21 January, 2009 I thought that only applied to bankruptcy? No it is about the business being a going concern, something the auditors were at pains to state it was at the time they auditted the accounts due to the support of the creditors. This is one of the most precarious financial statements I have seen. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 21 January, 2009 Share Posted 21 January, 2009 If he fails to put the Club into admin at the right time then he (Cowen and Jones etc) put at risk their ability to be a Director elsewhere. That is something that the Department for B.E.R.R (ex DTI) Inspectors will decide. If the administrator believes they have acted in such away that they should be reported to the B.E.R.R, highly unlikely they would be disqualified due to SFC/SLH's failure Link to comment Share on other sites More sharing options...
bridge too far Posted 21 January, 2009 Share Posted 21 January, 2009 No it is about the business being a going concern, something the auditors were at pains to state it was at the time they auditted the accounts due to the support of the creditors. This is one of the most precarious financial statements I have seen. I agree with you about the auditors' opinion but have a look at this link (I posted this a week or two ago): http://www.hse.gov.uk/enforce/enforcementguide/investigation/identifying/insolvency.htm Link to comment Share on other sites More sharing options...
Scudamore Posted 21 January, 2009 Share Posted 21 January, 2009 Who the hell reads the Daily Mail anyway? There's not even any t:ts (Rupert Lowe aside) in there... Link to comment Share on other sites More sharing options...
Wopper Posted 21 January, 2009 Share Posted 21 January, 2009 Is he another fag ? Link to comment Share on other sites More sharing options...
alpine_saint Posted 21 January, 2009 Share Posted 21 January, 2009 who the hell reads the daily mail anyway? There's not even any t:ts (rupert lowe aside) in there... lol Link to comment Share on other sites More sharing options...
John B Posted 21 January, 2009 Share Posted 21 January, 2009 Exactly its hardly unbiased impartial journalism. Sale is just another of Lowes puppets Seems to be a realistic summing up of the situation to me We need to sell players Link to comment Share on other sites More sharing options...
Ken Tone Posted 21 January, 2009 Share Posted 21 January, 2009 As Minty says the new bit is the reference to the 3rd week in March. does anyone know any more about this? I thought that the points deduction carried over into the next season if a club went into administration after relegation was inevitable. Surely the date for that would vary according to the club's number of league points. It might not be inevitable until the ;last day of the season for some. Is this March date just a guess by the Mail reporter , or ....... K. Link to comment Share on other sites More sharing options...
Topcat Posted 21 January, 2009 Share Posted 21 January, 2009 If the administrator believes they have acted in such away that they should be reported to the B.E.R.R, highly unlikely they would be disqualified due to SFC/SLH's failure As a key Director, Lowe's actions will be subject to scrutiny following any move into administration. That said what would be looked at is whether he was negligent i.e. did the company continue to trade after it was safe to do so. Delay is therefore a factor. Unfortunately decisions such as appointing an inexperienced coach and insisting on using kids would not feature in any report to BERR as those are more subjective factors. A pity as Lowe has one of the worst records in choosing Managers/Coaches in the entire Football League. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 January, 2009 Share Posted 21 January, 2009 We need to sell players Evidently, doubt if any club wants to buy them though; This must be the longest period in recent history when we haven't one single player that other clubs really covet. Link to comment Share on other sites More sharing options...
alpine_saint Posted 21 January, 2009 Share Posted 21 January, 2009 Evidently, doubt if any club wants to buy them though; This must be the longest period in recent history when we haven't one single player that other clubs really covet. Yep. The gravy thain for Lowe and his cronies is at an end, largely down to their own greed. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 January, 2009 Share Posted 21 January, 2009 Yep. The gravy thain for Lowe and his cronies is at an end, largely down to their own greed. Perhaps, however they'd tell you the previous administration sold too many at the same time without stocking up the next batch.Now we've no longer Georges Prost our "hot prospects" aren't so hot.Perhaps this is one of Lowe's main dilemas. He left an academy capable of producing a starlet every season and came back when it was no longer true. Perhaps he really believes that it was the "academy" that produced players like Walcott and Bale and not Georges Prost. Link to comment Share on other sites More sharing options...
alpine_saint Posted 21 January, 2009 Share Posted 21 January, 2009 Perhaps, however they'd tell you the previous administration sold too many at the same time without stocking up the next batch.Now we've no longer Georges Prost our "hot prospects" aren't so hot.Perhaps this is one of Lowe's main dilemas. He left and academy capable of producing a starlet every season and came back when it was no longer true. Perhaps he really believes that it was the "academy" that produced players like Walcott and Bale and not Georges Prost. Look, the whole bloody mess started with the loss of revenue and then parachute payments caused by relegation. Lowe oversaw that, then also the complete waste of the first season of parachute payments to get back up. Instead he used those precious resources on SCW, Staplewood, Clifford, dragging the EGM out, PR consultancies, etc., etc. Every other financial issue has been a direct consequence of that, including lack of investment in the Academy by the next board. Link to comment Share on other sites More sharing options...
Pancake Posted 21 January, 2009 Share Posted 21 January, 2009 As Minty says the new bit is the reference to the 3rd week in March. does anyone know any more about this? I thought that the points deduction carried over into the next season if a club went into administration after relegation was inevitable. Surely the date for that would vary according to the club's number of league points. It might not be inevitable until the ;last day of the season for some. Is this March date just a guess by the Mail reporter , or ....... K. Ken, this is what prompted by other post. Whilst, as you say, for some clubs relegation isnt known until 4.45+ on the last day of the season - the FA/League will need to have a cut off date given for legal reasons I would think. Im currently on the League website but cant find anything set in stone. Might blast some mails off to see what comes up. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 January, 2009 Share Posted 21 January, 2009 Look, the whole bloody mess started with the loss of revenue and then parachute payments caused by relegation. Lowe oversaw that, then also the complete waste of the first season of parachute payments to get back up. Instead he used those precious resources on SCW, Staplewood, Clifford, dragging the EGM out, PR consultancies, etc., etc. Every other financial issue has been a direct consequence of that, including lack of investment in the Academy by the next board. Why do you feel this need to be so aggressive on a quasi permanent basis Alpine?? I'm talking about the pros and cons of Georges Prost. I'm not looking for(yet another) argument about Rupert Lowe. All I'm saying is that he may have misestimated the true potential of the academy without Georges Prost. Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 21 January, 2009 Share Posted 21 January, 2009 Seeing as everyone else is assuming, I'll assume that Fulthorpe assumed today would be the crunch day after presumably overhearing that yesterday's pre-crunch meeting would be held. Sadly, there was nothing crunchy about it at all. Instead, it was decidedly chewy with a sickly-sweet centre. Where did I hear that assumption is the mother of all f**k-ups..? The Siege isn't it? Link to comment Share on other sites More sharing options...
saint1977 Posted 21 January, 2009 Share Posted 21 January, 2009 if its true ,it shows the mismangaement of finances by the people in charge for the last few seasons which showed in the last agm. Yes, including Rupert Solent Stars. Sorry, not trying to pick a fight but that is a fact. Link to comment Share on other sites More sharing options...
yorkiesaint Posted 21 January, 2009 Share Posted 21 January, 2009 If this is true then it exposes as the biggest mistake the directors made was not recommending the exceptance of the SISU bid. They would have got money for their shares and we could be where coventry are now. once we spent all that money, that was the only way out. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 January, 2009 Share Posted 21 January, 2009 The Siege isn't it? Well we had Monday and Wednesday as potential take-over days for this week. We're only half way through Wednesday (although by wednesday was the real mccoy) If some of you people are counting on Fulthorpe,Merrington,Crouch,Salz,Davies, Tommac or Lifelongsaint well forget it. They either don't have the money or the incentive. If anyone takes us over it will be someone we've never even heard of before. The Kaka fiasco may make more than one gazillionaire think several times over buying a football club. You can't make a silk purse out of a sows ear and you can't make the worlds best players sign for third rate clubs, no matter how much money you have.Man C have been taken for a ride already and it will get worse. 14million for Craig Bellamy is nuthouse business. Link to comment Share on other sites More sharing options...
John B Posted 21 January, 2009 Share Posted 21 January, 2009 Perhaps, however they'd tell you the previous administration sold too many at the same time without stocking up the next batch.Now we've no longer Georges Prost our "hot prospects" aren't so hot.Perhaps this is one of Lowe's main dilemas. He left an academy capable of producing a starlet every season and came back when it was no longer true. Perhaps he really believes that it was the "academy" that produced players like Walcott and Bale and not Georges Prost. You may be right but I thought I read somewhere Lowe said the previous regime had sold off the family silver and now the cupboard was bare. Despite what posters are saying I would have thought Lallana and Surman are not worth millions if they were they would be helping us to win games Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 January, 2009 Share Posted 21 January, 2009 If this is true then it exposes as the biggest mistake the directors made was not recommending the exceptance of the SISU bid. They would have got money for their shares and we could be where coventry are now. once we spent all that money, that was the only way out. The directors (or most of them) did recommend the SISU bid, the people that own the club didn't want to listen because it meant them losing control for virtually nothing. Link to comment Share on other sites More sharing options...
SimonRichards Posted 21 January, 2009 Share Posted 21 January, 2009 Dunc, do you (or anyone else for that matter) actually know how close Sale is to Lowe? You obviously seem to think it's accurate and as i said in my original post, i remember talk about it previously, but can't remember specifics. I met a Daily Mail sports jurno at a wedding 18 months ago. I asked him what he knew about sfc (this was during all the speculaion on paul Allen etc). He replyed that he was very good friends with Rupert Lowe. This guys was called Matthew. I've text the wife to find out his surname as it's her directors brother-in-law. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 21 January, 2009 Share Posted 21 January, 2009 You may be right but I thought I read somewhere Lowe said the previous regime had sold off the family silver and now the cupboard was bare. Despite what posters are saying I would have thought Lallana and Surman are not worth millions if they were they would be helping us to win games Lallana and Surman are bit part players because they're woefully inconsistent. What we are now playing is the nucleus of the side that got to the Academy Cup Final (whatever it's called) Huw Jennings and then George Prost did a great job, but the crop of players that we're currently trying to incorporate into the first team haven't really come on as far as they should have.Prost left in about March 2007 to return to Lyon who are currently producing some fabulous (and highly coveted)young players like Ben Arfa and Benzemma. It's no coincidence that's all. Link to comment Share on other sites More sharing options...
Mr X Posted 21 January, 2009 Share Posted 21 January, 2009 Seems to be a realistic summing up of the situation to me We need to sell players We were refering to this statement "Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office" Those aren't the words of an impartial journalist Link to comment Share on other sites More sharing options...
aintforever Posted 21 January, 2009 Share Posted 21 January, 2009 We're clearly being buttered up for the sale of someone. Link to comment Share on other sites More sharing options...
John B Posted 21 January, 2009 Share Posted 21 January, 2009 We were refering to this statement "Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office" Those aren't the words of an impartial journalist And you are not an impartial poster I would have thought However the mismanagement by the previous regime has caused the financial situation we are in today Link to comment Share on other sites More sharing options...
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