darren Posted 9 February, 2009 Share Posted 9 February, 2009 say's admin under period name on the london stock exchange web site:confused: Link to comment Share on other sites More sharing options...
Torbay Saint Posted 9 February, 2009 Share Posted 9 February, 2009 http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0007922114GBGBXAIMI0792211SOO I cant see it? Link to comment Share on other sites More sharing options...
Nexstar Posted 9 February, 2009 Share Posted 9 February, 2009 http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0007922114GBGBXAIMI0792211SOO Says EOA = End of Admin Link to comment Share on other sites More sharing options...
darren Posted 9 February, 2009 Author Share Posted 9 February, 2009 gone to eoa now it deffinatly said admin Link to comment Share on other sites More sharing options...
Gingeletiss Posted 9 February, 2009 Share Posted 9 February, 2009 This could be the shortest takeover thread ever!!!!! Link to comment Share on other sites More sharing options...
Scudamore Posted 9 February, 2009 Share Posted 9 February, 2009 Am i the only one who has never once felt compelled to look on that webpage without a link from here? Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 Slightly off topic, Charlton who are £21million in debt, have just had their overdraft facility withdrawn. Administration looking closer for them maybe although their chairman (Murray)denies it. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 9 February, 2009 Share Posted 9 February, 2009 Slightly off topic, Charlton who are £21million in debt, have just had their overdraft facility withdrawn. Administration looking closer for them maybe although their chairman (Murray)denies it. why are they 21 million in debt? is it mortgage debt on their stadium or just good old-fashioned debt.How much was their overdraft ? Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 9 February, 2009 Share Posted 9 February, 2009 why are they 21 million in debt? is it mortgage debt on their stadium or just good old-fashioned debt.How much was their overdraft ? http://www.skysports.com/story/0,19528,11688_4908161,00.html £15m owed to the directors & £6m in 'other' debts. Would imagine (but don't know) that most of the debt owed to the directors probably relates to ground improvements for moving back & upgrading the valley. If, out of the £6m, they don't owe the taxman anything then they are probably in no immediate threat of admin. Directors putting in £15m?? Not at our club.... Link to comment Share on other sites More sharing options...
Window Cleaner Posted 9 February, 2009 Share Posted 9 February, 2009 http://www.skysports.com/story/0,19528,11688_4908161,00.html £15m owed to the directors & £6m in 'other' debts. Would imagine (but don't know) that most of the debt owed to the directors probably relates to ground improvements for moving back & upgrading the valley. If, out of the £6m, they don't owe the taxman anything then they are probably in no immediate threat of admin. Directors putting in £15m?? Not at our club.... Doubt if they've got 15 million to be honest. 5 between them perhaps,not in readies though. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 9 February, 2009 Share Posted 9 February, 2009 Well at least we can say we went into administration. Looking forward to the 10 point deduction Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 Murray also said a lot of clubs are having their overdraft withdrawn 8-[ Link to comment Share on other sites More sharing options...
Mole Posted 9 February, 2009 Share Posted 9 February, 2009 Murray also said a lot of clubs are having their overdraft withdrawn 8-[ I hope they withdraw our overdraft. Link to comment Share on other sites More sharing options...
Thedelldays Posted 9 February, 2009 Share Posted 9 February, 2009 why stanley Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 9 February, 2009 Share Posted 9 February, 2009 why stanley So he can say I told you so, probably Link to comment Share on other sites More sharing options...
Mole Posted 9 February, 2009 Share Posted 9 February, 2009 why stanley So the club goes into administration. Link to comment Share on other sites More sharing options...
sidthesquid Posted 9 February, 2009 Share Posted 9 February, 2009 So the club goes into administration. You are a secret sk8te aren't you? Link to comment Share on other sites More sharing options...
Mole Posted 9 February, 2009 Share Posted 9 February, 2009 why stanley You are a secret sk8te aren't you? Think what you like, it's water off a ducks back. Link to comment Share on other sites More sharing options...
StuRomseySaint Posted 9 February, 2009 Share Posted 9 February, 2009 You are a secret sk8te aren't you? Not really, just realistic. There is not a hope in hell that..... a) We will avoid relegation and b) We will avoid administration when we are relegated. Be much better off to take it now, regroup and start things over on 0 points in League 1 next year rather than -10 or worse. For the realist Saints fans, administration this season is much better option than next season. Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 9 February, 2009 Share Posted 9 February, 2009 be funny if we stayed up because everybody else went into admin. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 9 February, 2009 Share Posted 9 February, 2009 There is not a hope in hell that..... a) We will avoid relegation and b) We will avoid administration when we are relegated. There is always hope Link to comment Share on other sites More sharing options...
StuRomseySaint Posted 9 February, 2009 Share Posted 9 February, 2009 There is always hope There is, and the only hope which is realistic is that at least 3 teams go into administration in the next month.... Be real, there is no chance of our team getting us out of this mess, they are simply not even close to being good enough. Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 So the club goes into administration. And then? Link to comment Share on other sites More sharing options...
bridge too far Posted 9 February, 2009 Share Posted 9 February, 2009 Back to the OP and not wishing to teach any grandmothers to suck eggs....... Administration on the LSE website simply means that any dealings are being 'written up', followed by EoA (end of administration) meaning that the administrative processes of the day are ended. Link to comment Share on other sites More sharing options...
StuRomseySaint Posted 9 February, 2009 Share Posted 9 February, 2009 And then? We have change of ownership and a new direction, we will be in League 1 anyway so might as well get it sorted now. One thing, just to answer the inevitable comments........ there is not a hope in hells chance that administrators will sell the club to Lowe or Wilde. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 9 February, 2009 Share Posted 9 February, 2009 We have change of ownership and a new direction, we will be in League 1 anyway so might as well get it sorted now. One thing, just to answer the inevitable comments........ there is not a hope in hells chance that administrators will sell the club to Lowe or Wilde. Hypothetical but...........what if Lowes group of companies do lots of work for SFC/SLH so IF we enter into administration as creditors their voting percentage is higher, I know it would not outweigh Aviva or Barclays but as he has a relationship with them already they too may vote with him and HIS appointed administrator (if it were him that instructed the same) Link to comment Share on other sites More sharing options...
Mole Posted 9 February, 2009 Share Posted 9 February, 2009 We have change of ownership and a new direction, we will be in League 1 anyway so might as well get it sorted now. One thing, just to answer the inevitable comments........ there is not a hope in hells chance that administrators will sell the club to Lowe or Wilde. Correct. Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 We have change of ownership and a new direction, we will be in League 1 anyway so might as well get it sorted now. One thing, just to answer the inevitable comments........ there is not a hope in hells chance that administrators will sell the club to Lowe or Wilde. The administrators will sell to the highest bidders no matter who they are. They have one thing to do and that is to generate as much cash as possible to pay of as many creditors as they can. If Lowe or Wilde suddenly came up with a tidy sum the administrators wouldn't stop them. Link to comment Share on other sites More sharing options...
StuRomseySaint Posted 9 February, 2009 Share Posted 9 February, 2009 The administrators will sell to the highest bidders no matter who they are. They have one thing to do and that is to generate as much cash as possible to pay of as many creditors as they can. If Lowe or Wilde suddenly came up with a tidy sum the administrators wouldn't stop them. Wilde is technically bust, doesn't have a penny to **** in and Lowe does not have the money, nor does he have the contacts to attract investment. There is no chance in hell that an investor would team up with Lowe in a joint bid, it would be financial suicide as fans will not have it. Administrators do not simply look for the highest bidder, they also look to protect the long term interests of the business and future creditors. Link to comment Share on other sites More sharing options...
NickG Posted 9 February, 2009 Share Posted 9 February, 2009 The administrators will sell to the highest bidders no matter who they are. They have one thing to do and that is to generate as much cash as possible to pay of as many creditors as they can. If Lowe or Wilde suddenly came up with a tidy sum the administrators wouldn't stop them. not necessarily -they compare business plans as well Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 Correct. Incorrect. Good to see you ignored my previous post. Difficult question was it? Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 Wilde is technically bust, doesn't have a penny to **** in and Lowe does not have the money, nor does he have the contacts to attract investment. There is no chance in hell that an investor would team up with Lowe in a joint bid, it would be financial suicide as fans will not have it. Administrators do not simply look for the highest bidder, they also look to protect the long term interests of the business and future creditors. not necessarily -they compare business plans as well Don't disagree with either but the administrators job will be to secure the company without it folding, if it meant Lowe found an investor who had lots of dosh and a business plan then they would have to look at this seriously, to say "fans will not have it" would mean nothing to the administrators. Link to comment Share on other sites More sharing options...
Mole Posted 9 February, 2009 Share Posted 9 February, 2009 Don't disagree with either but the administrators job will be to secure the company without it folding, if it meant Lowe found an investor who had lots of dosh and a business plan then they would have to look at this seriously, to say "fans will not have it" would mean nothing to the administrators. Well done for pointing out the obvious. Link to comment Share on other sites More sharing options...
St Marco Posted 9 February, 2009 Share Posted 9 February, 2009 not necessarily -they compare business plans as well It is true. The judge over seeing the case (not the admin team) will not just sell the company/club for the highest price. When the company is up for auction all the previous debts have been written off, it is a fresh start. The one thing the court will not want to see is the company coming straight back to them in a year or two. They will look at the bidders in terms of their ability to actually manage it's resources. Lowe and Wilde will not get the club simply because they have no money, if things go pear shaped again they have already proven they can do nothing to halt the slide. A good example of how it could go is Bates at Leeds. He was not the highest bidder but he won it because he has history of putting his own cash into his clubs. He has now done that at Leeds and they are on the up again, maybe even back into the CCC next year. Their days of sliding down are over for now. With our club i think your be surprised how many people come out of the woodwork and show interest in buying the club when there are not lots of people to pay off for their shares. Link to comment Share on other sites More sharing options...
VectisSaint Posted 9 February, 2009 Share Posted 9 February, 2009 Suppose there's no chance Barclays will wipe off our debt by setting it against their obscene profit for the last financial year. Would be a drop in the Solent. Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 Well done for pointing out the obvious. Did you point this out to the posters I referred to? Thought not. By the way I am still awaiting a reply from the very difficult two worded question I asked earlier, still working it out or is it that toooooo difficult for you to answer. Link to comment Share on other sites More sharing options...
Mole Posted 9 February, 2009 Share Posted 9 February, 2009 Did you point this out to the posters I referred to? Thought not. By the way I am still awaiting a reply from the very difficult two worded question I asked earlier, still working it out or is it that toooooo difficult for you to answer. :smt022 Link to comment Share on other sites More sharing options...
saintwarwick Posted 9 February, 2009 Share Posted 9 February, 2009 :smt022 Brilliant, no answer then. Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 10 February, 2009 Share Posted 10 February, 2009 Back to the OP and not wishing to teach any grandmothers to suck eggs....... Administration on the LSE website simply means that any dealings are being 'written up', followed by EoA (end of administration) meaning that the administrative processes of the day are ended. Far too sensible a post to be noticed it seems... Link to comment Share on other sites More sharing options...
StuRomseySaint Posted 10 February, 2009 Share Posted 10 February, 2009 It is true. The judge over seeing the case (not the admin team) will not just sell the company/club for the highest price. When the company is up for auction all the previous debts have been written off, it is a fresh start. The one thing the court will not want to see is the company coming straight back to them in a year or two. They will look at the bidders in terms of their ability to actually manage it's resources. Lowe and Wilde will not get the club simply because they have no money, if things go pear shaped again they have already proven they can do nothing to halt the slide. A good example of how it could go is Bates at Leeds. He was not the highest bidder but he won it because he has history of putting his own cash into his clubs. He has now done that at Leeds and they are on the up again, maybe even back into the CCC next year. Their days of sliding down are over for now. With our club i think your be surprised how many people come out of the woodwork and show interest in buying the club when there are not lots of people to pay off for their shares. Exactly, administration will bring out all of the potential investors who have been hiding in the woodwork, let's get done now rather than wait and take the points deduction next season which would almost ensures 2 seasons of League 1 before the season even starts. Link to comment Share on other sites More sharing options...
Toussaint Posted 10 February, 2009 Share Posted 10 February, 2009 Back to the OP and not wishing to teach any grandmothers to suck eggs....... Administration on the LSE website simply means that any dealings are being 'written up', followed by EoA (end of administration) meaning that the administrative processes of the day are ended. Same old Bridgie, alwayls letting the facts get in the way of a good story! Link to comment Share on other sites More sharing options...
alpine_saint Posted 10 February, 2009 Share Posted 10 February, 2009 Back to the OP and not wishing to teach any grandmothers to suck eggs....... Administration on the LSE website simply means that any dealings are being 'written up', followed by EoA (end of administration) meaning that the administrative processes of the day are ended. My understanding too. This was picked up a lot by posters during the offer period... Link to comment Share on other sites More sharing options...
um pahars Posted 10 February, 2009 Share Posted 10 February, 2009 and Lowe does not have the money, nor does he have the contacts to attract investment. There is no chance in hell that an investor would team up with Lowe in a joint bid, it would be financial suicide as fans will not have it. I wouldn't be so sure about this. IMHO, Lowe could call upon a number of associates who might be prepared to form a consortium post relegation. I could easily imagine the Administrator just selling to the highest bidder who can quickly stump up the cash. IMHO, Administration would not rule out the return of Lowe in some guise. Link to comment Share on other sites More sharing options...
70's Mike Posted 10 February, 2009 Share Posted 10 February, 2009 I wouldn't be so sure about this. IMHO, Lowe could call upon a number of associates who might be prepared to form a consortium post relegation. I could easily imagine the Administrator just selling to the highest bidder who can quickly stump up the cash. IMHO, Administration would not rule out the return of Lowe in some guise. whilst it is possible i feel it is highly unlikely because as someone else pointed out the conflict between lowe and customers would still be there. It would need very arrogant people to go for that......... well maybe then it could happen Link to comment Share on other sites More sharing options...
Ponty Posted 10 February, 2009 Share Posted 10 February, 2009 It could happen and, given the p*ss-poor luck of us lowly SFC supporters, it has to be considered the most likely scenario. Link to comment Share on other sites More sharing options...
um pahars Posted 10 February, 2009 Share Posted 10 February, 2009 whilst it is possible i feel it is highly unlikely because as someone else pointed out the conflict between lowe and customers would still be there. It would need very arrogant people to go for that......... well maybe then it could happen He'd go for it, alright. IMHO, Lowe's view is that all that it would require to win supporters over would be some short term success. I think he believes that we are a fickle bunch. Although to some extent he is correct, I just think he would never be able to pull it off, because a) once again his poor judgement has been highlighted with regards the "Revolutionary Coaching Set Up", and b) there is too much history for him to overcome, even with a modicum of success. But I don't believe that won't stop him wanting to get involved post administration, because not only might he consider there to be a potential bragain out there, but I think he would still be smarting from failure and don't think he would want to walk away being branded a failure (again). I would not rule him out. Link to comment Share on other sites More sharing options...
solentstars Posted 10 February, 2009 Share Posted 10 February, 2009 He'd go for it, alright. IMHO, Lowe's view is that all that it would require to win supporters over would be some short term success. I think he believes that we are a fickle bunch. Although to some extent he is correct, I just think he would never be able to pull it off, because a) once again his poor judgement has been highlighted with regards the "Revolutionary Coaching Set Up", and b) there is too much history for him to overcome, even with a modicum of success. But I don't believe that won't stop him wanting to get involved post administration, because not only might he consider there to be a potential bragain out there, but I think he would still be smarting from failure and don't think he would want to walk away being branded a failure (again). I would not rule him out.i agree and thats the danger i worry about. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 10 February, 2009 Share Posted 10 February, 2009 I wouldn't be so sure about this. IMHO, Lowe could call upon a number of associates who might be prepared to form a consortium post relegation. I could easily imagine the Administrator just selling to the highest bidder who can quickly stump up the cash. IMHO, Administration would not rule out the return of Lowe in some guise. Agreed! In fact I think the crafty blighter (notice how polite I'm being?) has a consortium lined up and waiting. I have been advocating this to all and sundry for about a year now. Link to comment Share on other sites More sharing options...
Snowballs2 Posted 10 February, 2009 Share Posted 10 February, 2009 Agreed! In fact I think the crafty blighter (notice how polite I'm being?) has a consortium lined up and waiting. I have been advocating this to all and sundry for about a year now. Bet Crouch has too Link to comment Share on other sites More sharing options...
rallyboy Posted 10 February, 2009 Share Posted 10 February, 2009 No consortium would buy into a business and intend to continue with Rupert involved as it is obvious now that he is a liability, unless they intend to drop him once they have used his contacts. A new owner would be aware that Rupert holds back thousands of 'customers' from supporting any new venture. So unless we now finish comfortable mid-table on an astonishing run that forces us all to apologise to him, he is finished. Even he must realise that there would be no point in trying to take control of a business that has lost confidence in you. Link to comment Share on other sites More sharing options...
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