Master Bates Posted 27 January, 2009 Share Posted 27 January, 2009 (edited) If Crouch stumped up £6m. In todays Echo. Edited 27 January, 2009 by Son of Bob misleading title Link to comment Share on other sites More sharing options...
The Godfather Posted 27 January, 2009 Share Posted 27 January, 2009 Come Crouch show us your money or get somebody to stump up the cash. Link to comment Share on other sites More sharing options...
stanthemanfairoak Posted 27 January, 2009 Share Posted 27 January, 2009 If Crouch stumps up £6m. In todays Echo.we can only dream ! Link to comment Share on other sites More sharing options...
St.Thomas7 Posted 27 January, 2009 Share Posted 27 January, 2009 I'll give £10 to help him on his way... Link to comment Share on other sites More sharing options...
Master Bates Posted 27 January, 2009 Author Share Posted 27 January, 2009 Also about Crouch offering £2m is mentioned. Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 (edited) Also about Crouch offering £2m is mentioned. The structure of the payments into the club would not havebeen gifts, rather interest free loans repayable on the club’s return to the Premiership. That is going to take some time so it probably is a gift Edited 27 January, 2009 by John B Link to comment Share on other sites More sharing options...
Wes Tender Posted 27 January, 2009 Share Posted 27 January, 2009 Lowe has fallen a long way, as have we under his stewardship. He used to state for all to hear that if someboby were to stump up £25 million, he would move aside as chairman. Now it would only take £6 million for the both of them. Mind you, when he used to spout that drivel, we were in the Premiership and most used to mistakenly believe his shareholding to be 75% or so. Now everybody but the least informed knows that he has under 6%. I'd keep your cash in the bank, Leon. We'll get rid of the leeches by campaigns and boycotts and you can then use the £6 million on players. Anyway, I thought that Lowe had a pact with his cronies that he wouldn't sell his shares unless they all got the same price for theirs. Does this deal include them too? Link to comment Share on other sites More sharing options...
Master Bates Posted 27 January, 2009 Author Share Posted 27 January, 2009 Rupert Lowe, Michael Wilde and Andrew Cowen offered to quit Saints – if Leon Crouch found £6m to wipe out the club’s overdraft. http://www.dailyecho.co.uk/sport/saints/news/4078020.Crouch_asks_Lowe_and_Wilde_to_join_him_and_put_in___2m/ Link to comment Share on other sites More sharing options...
Scummer Posted 27 January, 2009 Share Posted 27 January, 2009 Is the £6M supposed to be payments to Lowe and Wilde, or money into the club? If it's the second option then fingers crossed. I don't know what sort of money Crouch has. Link to comment Share on other sites More sharing options...
Master Bates Posted 27 January, 2009 Author Share Posted 27 January, 2009 The structure of the payments into the club would not havebeen gifts, rather interest free loans repayable on the club’s return to the Premiership. That is going to take some time so it probably is a gift Yeah just seen that bit in the Echo Link to comment Share on other sites More sharing options...
northam soul Posted 27 January, 2009 Share Posted 27 January, 2009 So is that 6million for their shares because if so that is far to much for 22% of the company and then crouch would be over the 30% anyway so he would have to buy the rest. Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 Lowe has fallen a long way, as have we under his stewardship. He used to state for all to hear that if someboby were to stump up £25 million, he would move aside as chairman. Now it would only take £6 million for the both of them. Mind you, when he used to spout that drivel, we were in the Premiership and most used to mistakenly believe his shareholding to be 75% or so. Now everybody but the least informed knows that he has under 6%. I'd keep your cash in the bank, Leon. We'll get rid of the leeches by campaigns and boycotts and you can then use the £6 million on players. Anyway, I thought that Lowe had a pact with his cronies that he wouldn't sell his shares unless they all got the same price for theirs. Does this deal include them too? Although I understand your sentiments surely the best way forward is to reduce the debt as described and Lowe and Wilde will no longer run the club although they will have shares. If they did go through boycotting as you suggest the debt would still be there are likely to be larger and some of it would have to be paid off before buying players Link to comment Share on other sites More sharing options...
Scummer Posted 27 January, 2009 Share Posted 27 January, 2009 Lets say Crouch paid the £6M into the club, and then Wilde and Lowe quit as suggested. They'd still be shareholders, what's to stop them coming straight back and chucking Crouch out again? Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 (edited) So is that 6million for their shares because if so that is far to much for 22% of the company and then crouch would be over the 30% anyway so he would have to buy the rest. No the 6 million goes to the club nothing goes to Wilde and Lowe they still have their shares they of course could return but the deal will probably include their non return. I think it is a good approach but then I dont have £6 mill Edited 27 January, 2009 by John B Link to comment Share on other sites More sharing options...
slickmick Posted 27 January, 2009 Share Posted 27 January, 2009 If I understand this right, Leon would have to clear the overdraft before Lowe and Wilde would step aside and yet would still keep their shares and any returns on them in the future, where as Leon would be the one taking the risk for them to benefit also. Talk about a free ride.:mad: Link to comment Share on other sites More sharing options...
Wes Tender Posted 27 January, 2009 Share Posted 27 January, 2009 No the 6 million goes to the club nothing goes to Wilde and Lowe they still have their shares. I think it is a good approach but then I dont have £6 mill So why would Crouch accept that? He parts with his dosh and Lowe's cabal can still outvote him whenever they want? It's a really stupid plan as it stands. I'd like to see all the details before passing judgment, but as it stands it seems a ridiculous arrangement. Link to comment Share on other sites More sharing options...
Wopper Posted 27 January, 2009 Share Posted 27 January, 2009 What a pair of shysters. Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 If I understand this right, Leon would have to clear the overdraft before Lowe and Wilde would step aside and yet would still keep their shares and any returns on them in the future, where as Leon would be the one taking the risk for them to benefit also. Talk about a free ride.:mad: Yes you are right but can you think of a better approach. It is a shame Crouch did not come up with the idea when he was in charge but I think he was expecting an takeover from Fulthorpe. Link to comment Share on other sites More sharing options...
Scummer Posted 27 January, 2009 Share Posted 27 January, 2009 Yes you are right but can you think of a better approach. How about the same sort of idea, but the club issue new shares in exchange for the cash investment. Enough shares that Crouch would be able to block any future attempts to oust him. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 27 January, 2009 Share Posted 27 January, 2009 Leon..............keep it in your pocket mate. They will be gone, one way or the other, bandits, the pair of them. It's their involvement in the club, most fans want to see an end to, that means getting rid of their shares. Link to comment Share on other sites More sharing options...
slickmick Posted 27 January, 2009 Share Posted 27 January, 2009 If Leon did stump up the cash it would still mean that there are no funds for players. All it would mean is that we wont go into administration and the share holders would be protected. Maybe Leon could propose to buy there combined shares, say for example £3m and use the other £3m to reduce the overdraft. I'm sure the bank would happily accept this and so would the fans. Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 So why would Crouch accept that? He parts with his dosh and Lowe's cabal can still outvote him whenever they want? It's a really stupid plan as it stands. I'd like to see all the details before passing judgment, but as it stands it seems a ridiculous arrangement. The agreement would include something about selling Lowe/Wilde selling their shares in the future and not returning. Otherwise you are right it would be a stupid approach Link to comment Share on other sites More sharing options...
Snowballs2 Posted 27 January, 2009 Share Posted 27 January, 2009 For this to work properly Lowe and Wilde must sell their shares, to keep them would allow them to continue to snipe from the background and cause trouble. I am not saying that Crouch would bring peace harmony and success, but, I would give it a chance to unite MOST of the fans. Link to comment Share on other sites More sharing options...
Puddings and Monkeys Posted 27 January, 2009 Share Posted 27 January, 2009 Lets say Crouch paid the £6M into the club, and then Wilde and Lowe quit as suggested. They'd still be shareholders, what's to stop them coming straight back and chucking Crouch out again? It's called a Shareholder's Agreement - standard way of dealing with a situation like this. Link to comment Share on other sites More sharing options...
Snowballs2 Posted 27 January, 2009 Share Posted 27 January, 2009 It does say in the article that Crouch does NOT have the £6 million, therefore its all a bit academic Link to comment Share on other sites More sharing options...
thefuriousb Posted 27 January, 2009 Share Posted 27 January, 2009 No the 6 million goes to the club nothing goes to Wilde and Lowe they still have their shares they of course could return but the deal will probably include their non return. I think it is a good approach but then I dont have £6 mill This is my reading of the proposal too. The way it has been written would make it sound like part of the conditions are that Lowe & Wilde agree just to hold their shares and will not act as a future obstacle (perhaps even their suggestion ??). It would the allow them to look for buyers for their shares separately, or for someone to come in and rid them for good. Come on Mr Davies, this is your chance to invest and buy out Lowe - something he always siad he would only do on the pre-condition that Lowe was not invlolved in SFC. He can be the hero now and run him out of town. This could be a development of massive significance Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 (edited) For this to work properly Lowe and Wilde must sell their shares, to keep them would allow them to continue to snipe from the background and cause trouble. I am not saying that Crouch would bring peace harmony and success, but, I would give it a chance to unite MOST of the fans. Yes it would have to be an agreement not only reducing the debt but also that Wilde and Lowe sell their shares in the future . Perhaps the bank would take £4mill and the rest could be used on players. Crouch is going to be rather busy trying to find the extra £4 mill I dont know that this deal will happen but it is a start. If we did go into Administration it looks as though Crouch is the only one likely to buy the club Edited 27 January, 2009 by John B Link to comment Share on other sites More sharing options...
Andoverian Posted 27 January, 2009 Share Posted 27 January, 2009 One thing this shows for once and all is that Crouch is the real fan and Lowe and Wilde are just after the main chance. We should get behind Crouch and give him our total support. Link to comment Share on other sites More sharing options...
Snowballs2 Posted 27 January, 2009 Share Posted 27 January, 2009 This is my reading of the proposal too. The way it has been written would make it sound like part of the conditions are that Lowe & Wilde agree just to hold their shares and will not act as a future obstacle (perhaps even their suggestion ??). It would the allow them to look for buyers for their shares separately, or for someone to come in and rid them for good. Come on Mr Davies, this is your chance to invest and buy out Lowe - something he always siad he would only do on the pre-condition that Lowe was not invlolved in SFC. He can be the hero now and run him out of town. This could be a development of massive significance Gavin Davies will not buy into Saints whilst Lowe and Wilde still own shares Link to comment Share on other sites More sharing options...
thefuriousb Posted 27 January, 2009 Share Posted 27 January, 2009 Gavin Davies will not buy into Saints whilst Lowe and Wilde still own shares As I said, be the hero. Make Lowe an offer. Link to comment Share on other sites More sharing options...
trousers Posted 27 January, 2009 Share Posted 27 January, 2009 This sounds like yet another half baked 'solution'. For this club to move forward 'afresh' it needs to be bought outright and de-listed. There is no half-way house IMO. That way there will be no 'undesirable' major shareholders forever lurking in the background ready to jerk their knees when the merry-go-round next stops. IMHO of course Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 Gavin Davies will not buy into Saints whilst Lowe and Wilde still own shares It is suggested that he buys their shares I thought But for this deal to happen there must be compromises on all sides otherwise SFc will probably go into Administration . Link to comment Share on other sites More sharing options...
The Rover Posted 27 January, 2009 Share Posted 27 January, 2009 A bit of a dodgy title there MB. Crouch has been offering to put £2 million in if the two bandits matched it for weeks. They won't do it, so it's stalemate. Link to comment Share on other sites More sharing options...
Pilchards Posted 27 January, 2009 Share Posted 27 January, 2009 I wish people will remember that these stupid games the board are playing is costing us relegation. If Crouch paid up and then got a decent manager, I bet you £100 we would have the return of the missing 10,000 fans and hey bingo, you get your money back with the hero status to your name. COYR. (I'm not Mr Wilde, Just a supporter that wants his club back for the people of Southampton) Link to comment Share on other sites More sharing options...
trousers Posted 27 January, 2009 Share Posted 27 January, 2009 A bit of a dodgy title there MB. Crouch has been offering to put £2 million in if the two bandits matched it for weeks. They won't do it, so it's stalemate. Can't Barclays loan him the other £4m now that they've announced to the LSE that they are in much better shape than the doom-mongers in the City were purporting? On second thoughts..... Link to comment Share on other sites More sharing options...
Durleyfos Posted 27 January, 2009 Share Posted 27 January, 2009 It does say in the article that Crouch does NOT have the £6 million, therefore its all a bit academic Which I'm sure Lowelife & Wilde know, which is why they made the offer. Link to comment Share on other sites More sharing options...
saintjay77 Posted 27 January, 2009 Share Posted 27 January, 2009 If I understand this right, Leon would have to clear the overdraft before Lowe and Wilde would step aside and yet would still keep their shares and any returns on them in the future, where as Leon would be the one taking the risk for them to benefit also. Talk about a free ride.:mad: Your basing that on Leon making a success out of the club. IMO any of the connected partys only have about a 25% chance of turning the club around. For the sake of argument lets say this deal goes through with Lowe and Wilde banned from comeing back in and therefor becoming silent shareholders. Leon has a mad idea to borrow money from somewhere to get us back to the prem so spends say 10 mil of borrowed money. We fail in getting promotion due to what ever reason and we cant afford to sustain the squad and its wages. We are basically back in th same position with a bigger debt and the only tight fisted shareholder that will take the flack for selling players is not allowed in the board room! Surly there has to be a way they can all work together? this constant offering power based on stupid conditions is really whats killing the club. Leon has done it before and now wilde and lowe. dont they realise it makes them all look like idiots? Link to comment Share on other sites More sharing options...
slickmick Posted 27 January, 2009 Share Posted 27 January, 2009 Gavin Davies will not buy into Saints whilst Lowe and Wilde still own shares This is still the problem, they don't want to sell their shares at todays price. Crouch puts in the £6m on the condition that Lowe/Wilde will sell their shares at an agreed price, then the deal might look a bit more appealing to Gavin Davies or whoever. Link to comment Share on other sites More sharing options...
saintwarwick Posted 27 January, 2009 Share Posted 27 January, 2009 Leon..............keep it in your pocket mate. They will be gone, one way or the other, bandits, the pair of them. It's their involvement in the club, most fans want to see an end to, that means getting rid of their shares. Unless there is a big buyer willing to pump money into our club they will not be gone one way or other. Link to comment Share on other sites More sharing options...
NickG Posted 27 January, 2009 Share Posted 27 January, 2009 Lowe has fallen a long way, as have we under his stewardship. He used to state for all to hear that if someboby were to stump up £25 million, he would move aside as chairman. Now it would only take £6 million for the both of them. Mind you, when he used to spout that drivel, we were in the Premiership and most used to mistakenly believe his shareholding to be 75% or so. Now everybody but the least informed knows that he has under 6%. I'd keep your cash in the bank, Leon. We'll get rid of the leeches by campaigns and boycotts and you can then use the £6 million on players.Anyway, I thought that Lowe had a pact with his cronies that he wouldn't sell his shares unless they all got the same price for theirs. Does this deal include them too? the article says they said if he gave £6m to the club -not them -to wipe out debts -then they would walk away. He hasn't got enough money. Do you really think that getting rid of them by boycotts etc with all that negativity but still with a debt is better than them walking away quietly and the club having no debts?? Very strange! Link to comment Share on other sites More sharing options...
slickmick Posted 27 January, 2009 Share Posted 27 January, 2009 Your basing that on Leon making a success out of the club. IMO any of the connected partys only have about a 25% chance of turning the club around. For the sake of argument lets say this deal goes through with Lowe and Wilde banned from comeing back in and therefor becoming silent shareholders. Leon has a mad idea to borrow money from somewhere to get us back to the prem so spends say 10 mil of borrowed money. We fail in getting promotion due to what ever reason and we cant afford to sustain the squad and its wages. We are basically back in th same position with a bigger debt and the only tight fisted shareholder that will take the flack for selling players is not allowed in the board room! Surly there has to be a way they can all work together? this constant offering power based on stupid conditions is really whats killing the club. Leon has done it before and now wilde and lowe. dont they realise it makes them all look like idiots? It leaves Lowe/Wilde in a no lose situation if the rumours of admin are close. The risk would be better for them to see if Leon can turn things around rather than carry on as we are. Link to comment Share on other sites More sharing options...
BARCELONASAINT Posted 27 January, 2009 Share Posted 27 January, 2009 Well i must admit that i find the echo article quite positive. This is the first sign that RL actually would consider quitting for a lot less money than he has previously asked for. One look at the share price speaks for itself, hoovering only just above 20p a share. Lowe and Wilde really are on the verge of not only taking this once proud club into the abyss but also losing every penny they have in the club. Easy for me to say i know but £6 Million is nothing in this day and age. If there was ever a serious Saints fan/ consortium out there that wanted to buy Saints NOW is the time to step forward. Link to comment Share on other sites More sharing options...
Snowballs2 Posted 27 January, 2009 Share Posted 27 January, 2009 Unless there is a big buyer willing to pump money into our club they will not be gone one way or other. Buying Wilde and Lowes shares is not putting money into the club, just into the afore mentioned shareholders pockets Link to comment Share on other sites More sharing options...
Thedelldays Posted 27 January, 2009 Share Posted 27 January, 2009 6 MILLION TO THE CLUB.. not to lowe and wilde..i know that is hard for some to read but it is money for THE CLUB...to clear the over draft... sorry if that does not fit the "line ruperts pocket" lines... Link to comment Share on other sites More sharing options...
fareham saint phil Posted 27 January, 2009 Share Posted 27 January, 2009 If Crouch stumps up £6m. In todays Echo. On reading that title i had a brief moment of happiness, it was heaven Link to comment Share on other sites More sharing options...
saintjay77 Posted 27 January, 2009 Share Posted 27 January, 2009 Gavin Davies will not buy into Saints whilst Lowe and Wilde still own shares stupid reason IMO. For Gavin to buy shares lowe will have to have sold his shares right? So lets say I buy Lowes & Wildes shares and then Gavin buys them off me. Lowe and Wilde still gets their money whether it comes direct from Gavin or via me. Gavin knows this but it fits in with adgendas of many to take the line that he wont do it with Lowe and Wilde there. Its simple realy, if he wants the club but doesnt want Lowe and Wilde there then buy there shares 1 way or another. If he doesnt want the club say so and dont fanny about with childish reasons. Link to comment Share on other sites More sharing options...
ottery st mary Posted 27 January, 2009 Share Posted 27 January, 2009 Difficult decision for Crouch and any possible associates..Hopefully enough interested like minded people to rid this club of Lowe for good. Wilde needs to sell as well and hopefully still has a soft spot for Saints and therefore could help the deal along. Whatever happens Lowe to go and NEVER be seen at Southampton again. PLEASE. Link to comment Share on other sites More sharing options...
NickG Posted 27 January, 2009 Share Posted 27 January, 2009 Buying Wilde and Lowes shares is not putting money into the club, just into the afore mentioned shareholders pockets article says walk away from boardroom for money to the club -not them Link to comment Share on other sites More sharing options...
John B Posted 27 January, 2009 Share Posted 27 January, 2009 the article says they said if he gave £6m to the club -not them -to wipe out debts -then they would walk away. He hasn't got enough money. Do you really think that getting rid of them by boycotts etc with all that negativity but still with a debt is better than them walking away quietly and the club having no debts?? Very strange! I dont really think it is going to happen as Mary Corbett was apparently very confrontational yesterday. Probably another of Crouch's PR Offensives Pity really because it is the best approach I have seen recently to get rid of Wilde/Lowe but of course it would leave us nowhere near a position to return to the Premiership Link to comment Share on other sites More sharing options...
slickmick Posted 27 January, 2009 Share Posted 27 January, 2009 We know Crouch has £2m, he has already offered it on conditions. Now all he needs to do is find some others that can make up the £4m deficit. Then hopefully have enough spare change to buy out Lowe/Wilde. (This is the key bit) Link to comment Share on other sites More sharing options...
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