trousers Posted 11 March, 2009 Share Posted 11 March, 2009 Obviously, the poor performance and result against Derby last isn't significant enough in isolation to put us into administration but I wonder how close it could be to being the straw that breaks the camel's back? Link to comment Share on other sites More sharing options...
Scummer Posted 11 March, 2009 Share Posted 11 March, 2009 I really don't think we are that close to administration. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 11 March, 2009 Share Posted 11 March, 2009 A loss could have been the straw but a draw ?, who knows, I'm sure if we are going to enter into admin results at this stage won't have a bearing, a couple of full houses could influence any decision though Link to comment Share on other sites More sharing options...
Mr X Posted 11 March, 2009 Share Posted 11 March, 2009 If administration was going to happen it would have done by now. What is it with people fixated on Administration? its like they want it for the club or something Link to comment Share on other sites More sharing options...
Colinjb Posted 11 March, 2009 Share Posted 11 March, 2009 I really don't think we are that close to administration. I agree, I think it's just been hyped up as a way of lowering expectation, there are many clubs worse off then us in this league. Link to comment Share on other sites More sharing options...
Weston Saint Posted 11 March, 2009 Share Posted 11 March, 2009 I agree, I think it's just been hyped up as a way of lowering expectation, there are many clubs worse off then us in this league.I wish you were right but you are not. We are hanging by a thread. I have that on good authority. Link to comment Share on other sites More sharing options...
Weston Saint Posted 11 March, 2009 Share Posted 11 March, 2009 But to answer the question posed, no I do not think the result will influence any decision. Link to comment Share on other sites More sharing options...
JohnnyFartPants Posted 11 March, 2009 Share Posted 11 March, 2009 I will "lol" if we go into admin Look at me!! Link to comment Share on other sites More sharing options...
Mole Posted 11 March, 2009 Share Posted 11 March, 2009 I'm not sure that even if we survive it'll be enough to stop us going into administration. Link to comment Share on other sites More sharing options...
StuRomseySaint Posted 11 March, 2009 Share Posted 11 March, 2009 We are alot closer to admin than some people think. I am also very confidant that if it looks like we are going down anyway, then the plug will be pulled before the end of this month. Having said that, whilst there is a chance of staying up, we might well hang in and take the hit next season. It is not a question of if, but when. We cannot run the club on the gates we are getting at the moment, it barely pays the interest on the overdrafts / mortgage etc. The only way we will get out of this is if we have new investment. We are losing money every day/week/month with the prospect of even less money coming into the club next season ( i suspect about 4-5k season tickets ) then it's just a matter of when. Link to comment Share on other sites More sharing options...
alpine_saint Posted 11 March, 2009 Share Posted 11 March, 2009 I reckon if the gap between us and fourth-from-bottom place gets any bigger over the next week-and-a-half, Lowe will put us in administration. Link to comment Share on other sites More sharing options...
LostBoys Posted 11 March, 2009 Share Posted 11 March, 2009 It is difficult to see how it can go on much longer and results can only have an impact in terms of encouraging higher crowds. We cannot run this club on these gates with the only other source of funds being Barclays Bank Plc. Link to comment Share on other sites More sharing options...
Snowballs2 Posted 11 March, 2009 Share Posted 11 March, 2009 I wish you were right but you are not. We are hanging by a thread. I have that on good authority. Weston I was of the opinion we were close to administration but I have had a re think. Lowe may be an idiot inmany ways, but, stupid he is not. I believe that as he has NOT approached Crouch he is of that opinion, hev would do anything to protect his investment including sitting with his personal devil...Crouch Link to comment Share on other sites More sharing options...
Saint 76er Posted 11 March, 2009 Share Posted 11 March, 2009 This week does seem to be turning into something of a watershed. The team have gone back to being sh*te and don't look as if they care now. This seems to have filtered through to the fans who have likewise gone cold and it is starting to look as if the fans in the stadium have all but given up on this annus horribilus at Saints (that has nothing to do with bottoms btw). Clearly decisions will have to be made on the question of administration. I don't know what Barclays view is on putting us in, or Lowe's view on voluntarily doing so. However, if the latter I am hoping Lowe will adopt the Coventry model and give a week or so of notice so that any interested party may strike a deal to take over (at a rock bottom price) and keep us solvent, thus saving any points deduction. This assumes any party would be interested, but by this stage if there is anyone out there they must just be waiting for an admin announcement before perhaps acting. However, I am still doubtful Lowe will go voluntary as what's in it for him? It would be a clear admission of his failure and he would have done his and his mates dough. Doesn't sound like Lowe does it? Maybe it's all down to Barclays in the next couple of weeks, but will they care less about timing when we get to take a 10 point penalty ??? Link to comment Share on other sites More sharing options...
gjphilsaint Posted 11 March, 2009 Share Posted 11 March, 2009 none at all Link to comment Share on other sites More sharing options...
sandwichsaint Posted 11 March, 2009 Share Posted 11 March, 2009 Possibly the draw that broke the camel's back? Coat's on ........... Link to comment Share on other sites More sharing options...
70's Mike Posted 11 March, 2009 Share Posted 11 March, 2009 If administration was going to happen it would have done by now. What is it with people fixated on Administration? its like they want it for the club or something It is being used by both sides of the spectrum Luvvies use it to justify every decision Fringe see it as away to get rid of Lowe and Co. Those of us in the middle ground , do not want it and want Lowe gone Link to comment Share on other sites More sharing options...
bridge too far Posted 11 March, 2009 Share Posted 11 March, 2009 Extremely sad article in the Guardian today (about Darlington). Not quite a parallel with us, but I was struck by the fact that some of the directors also owned retirement home development companies :shock: http://www.guardian.co.uk/sport/blog/2009/mar/11/darlington Link to comment Share on other sites More sharing options...
Block 5 Posted 11 March, 2009 Share Posted 11 March, 2009 What administration "decision"? Link to comment Share on other sites More sharing options...
trousers Posted 11 March, 2009 Author Share Posted 11 March, 2009 What administration "decision"? This one: 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...
SaintRobbie Posted 11 March, 2009 Share Posted 11 March, 2009 I really don't think we are that close to administration. I agree - but I am concerned that some shareholders may have a plan to benefit from it. Sounds a little strange - but someone will takeover the club and dramatically increase their holdings. Link to comment Share on other sites More sharing options...
In the Pink Posted 11 March, 2009 Share Posted 11 March, 2009 I heard from a Steward yesterday that extra police have been drafted in for the QPR match as the club are expecting trouble from the fans as the club will go into Admin this coming Friday. I don’t know what to believe any more. Link to comment Share on other sites More sharing options...
Gemmel Posted 11 March, 2009 Share Posted 11 March, 2009 I heard from a Steward yesterday that extra police have been drafted in for the QPR match as the club are expecting trouble from the fans as the club will go into Admin this coming Friday. I don’t know what to believe any more. With the exception of Exit2 (And only ever read his stuff on here) i've always found the best thing to do with any info given by stewards, is to believe the complete opposite to what they tell you. Which should mean we are safe from Admin Link to comment Share on other sites More sharing options...
In the Pink Posted 11 March, 2009 Share Posted 11 March, 2009 With the exception of Exit2 (And only ever read his stuff on here) i've always found the best thing to do with any info given by stewards, is to believe the complete opposite to what they tell you. Which should mean we are safe from Admin Lol, agreed....but i hate having this nagging doubt in the back of my mind ;-) Link to comment Share on other sites More sharing options...
slickmick Posted 11 March, 2009 Share Posted 11 March, 2009 (edited) With Rasiak finding form for Watford and the unlikelyness of them going down, we might get an offer for him. If Surman is linked to a move then maybe a fee can be agreed now. Maybe one or two others might get an agreed fee in place (Saga). Also with contracts running out, I can't see Barclays pulling the plug until the summer. Its wether or not its done voluntary. Then results could be crucial in the deciding factor. QPR game could be the straw that breaks the camels back. Edited 11 March, 2009 by slickmick Link to comment Share on other sites More sharing options...
sperm_john Posted 11 March, 2009 Share Posted 11 March, 2009 im gonna stick my neck out and say i dont think we are going into admin Link to comment Share on other sites More sharing options...
trousers Posted 11 March, 2009 Author Share Posted 11 March, 2009 I don’t know what to believe any more. People with more than 21 posts after 2.5 years? (only joshing, obviously) Link to comment Share on other sites More sharing options...
In the Pink Posted 11 March, 2009 Share Posted 11 March, 2009 People with more than 21 posts after 2.5 years? (only joshing, obviously) I am real...honest guv....i even have a ST ;-) (being deadly serious....lol) Link to comment Share on other sites More sharing options...
trousers Posted 11 March, 2009 Author Share Posted 11 March, 2009 I am real...honest guv....i even have a ST ;-) Ah, but have you been stuck in the loft for 23 days looking for a scanner? Link to comment Share on other sites More sharing options...
bridge too far Posted 11 March, 2009 Share Posted 11 March, 2009 Ah, but have you been stuck in the loft for 23 days looking for a scanner? Pssst Trousers *furtive looking around* - is he wearing a short-sleeved shirt and does he have earlobes? :cool: Link to comment Share on other sites More sharing options...
trousers Posted 11 March, 2009 Author Share Posted 11 March, 2009 Pssst Trousers *furtive looking around* - is he wearing a short-sleeved shirt and does he have earlobes? :cool: Pssst BTF *looks around even more furtively* - he is a she.....sshhhh, mum's the word :cool: Link to comment Share on other sites More sharing options...
Window Cleaner Posted 11 March, 2009 Share Posted 11 March, 2009 Obviously, the poor performance and result against Derby last isn't significant enough in isolation to put us into administration but I wonder how close it could be to being the straw that breaks the camel's back? We'll see things a lot more clearly on saturday evening. Us vs QPR, Barnsley-Blackpool and Norwich-Plymouth will change things one way or t'other. Link to comment Share on other sites More sharing options...
ooohTerryHurlock Posted 12 March, 2009 Share Posted 12 March, 2009 We are alot closer to admin than some people think. I am also very confidant that if it looks like we are going down anyway, then the plug will be pulled before the end of this month. Having said that, whilst there is a chance of staying up, we might well hang in and take the hit next season. It is not a question of if, but when. We cannot run the club on the gates we are getting at the moment, it barely pays the interest on the overdrafts / mortgage etc. The only way we will get out of this is if we have new investment. We are losing money every day/week/month with the prospect of even less money coming into the club next season ( i suspect about 4-5k season tickets ) then it's just a matter of when. Interesting then that Wildes programme notes for the Cardiff game says that they have had a number of very constructive meeting with the banks and other finacial backers in recent times - not the talk of a club going into admin? Still think it is a way off personally - maybe with relegation; but are we really that asset bare? The thing is not sure we ever know the whole picture - rumour after rumour! Lets just concentrate on the football side of things! Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 12 March, 2009 Share Posted 12 March, 2009 Did anyone see the TV program "Inside Out" last night on Weymouth FC and their fight for survival? I think there were property developers involved at some stage that bought into the club because there was potential with the land around the stadium. Anyway, it was interesting to hear they adopted a "youth policy" when they no longer had money to pay their senior players - the youths were highly pleased to be given the chance finally to play for the 1st team, but the results went dramatically downhill. Gates dwindled thus plummetting the club into deeper financial turmoil. Now where have I heard that story before...it does sound remarkably familiar does it not? Saints must be close to going under - the gates cannot possibly support the overheads - there's a firesale of everything not bolted down (BOGOF in the shop) - the stadium debt is crippling....etc. etc. The only thing I really hope for now is that there is someone out there waiting with their money for admin to occur so they can buy the club and not need to worry about 1,000's of shareholders to placate. I still find it hard to believe one man has masterminded the collapse of a PLC in such a short period of time... Link to comment Share on other sites More sharing options...
Saint 76er Posted 12 March, 2009 Share Posted 12 March, 2009 I still find it hard to believe one man has masterminded the collapse of a PLC in such a short period of time... I agree, it must be some sort of world record. It's hard to know if it is vindictiveness or just plain old incompetence. Either way we are stuffed. All the perpetrator had to do was keep NP and let him bring in sensible loans, like last year, not the complete sh*te some unknown Dutchman has saddled us with. To add insult to injury the four (yes count em!) Dutchman plus JP's coming and going expenses, plus the wages and fees for so much rubbish on loan absolutely MUST add up to far more than NP and his loans would have cost. Meanwhile what good players we have are shipped out on loan to our rivals! Seriously you couldn't make this stuff up and you have to wonder what regulations are in place to reign in those who prove to be failures at running a PLC. Unfortunately that's how the world got in the mess it's currently in, so the answer is probably no meaningful regulations at all. Meanwhile we all sit here waiting for relegation or administration or worse. Such a sad waste for a great city and a great football club. Thanks for nothing..... (All IMHO of course) Link to comment Share on other sites More sharing options...
Frank's cousin Posted 12 March, 2009 Share Posted 12 March, 2009 The results will have didly squat to do with whether we eenter admin IMHO. The banks are only concerned about how we service the debts - and they are all serviceable in whatever league if we cut costs to match income... Link to comment Share on other sites More sharing options...
Chez Posted 12 March, 2009 Share Posted 12 March, 2009 I heard from a Steward yesterday that extra police have been drafted in for the QPR match as the club are expecting trouble from the fans as the club will go into Admin this coming Friday. I don’t know what to believe any more. I heard that same rumour in the Varsity before the game. Link to comment Share on other sites More sharing options...
trousers Posted 12 March, 2009 Author Share Posted 12 March, 2009 I may be missing something here, but IF the club are on the verge of going into administration why would they announce it on the Friday before a home game? (other than to satisfy SaintsWeb Law regarding Fridays) If they suspect that this will cause "trouble" before, during or after the game on Saturday then why not just defer the announcement for 24/48/72 hours? As I understood it, the announcement 'deadline' is next week, not this week Am I missing something? (like having a clue about what is going on, for example) Link to comment Share on other sites More sharing options...
Weston Saint Posted 12 March, 2009 Share Posted 12 March, 2009 I have heard no such suggestion of Administration this week or next from my sources. Of course it could happen but I suspect not. We are still dangling on that bit of cotton though and will be for some time to come. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 March, 2009 Share Posted 12 March, 2009 I can't see the results will change the decision of the deadline. As far as the banks are concerned i suppose they are going to get more money in this league then in league 1 so they will probably hold off until they absolutely have to, also i can't see admin really benefiting them that much, can't see anybody buying the stadium. As for a boardroom decision Lowe's not going to place us into admin unless he absolutely has to because he will then be banned from becoming a director for the rest of this life and so is pretty much career suicide. NB - I apologise if i my knowledge on the matter is slightly wayward but this is how i see things currently. Link to comment Share on other sites More sharing options...
del boy Posted 12 March, 2009 Share Posted 12 March, 2009 I'm not even sure that going into administration can save us from going into administration Link to comment Share on other sites More sharing options...
aintforever Posted 12 March, 2009 Share Posted 12 March, 2009 As the deadline for taking the points hit this season is Thursday the 26th it wouldn't make any sense to announce it this week. My guess would be that the bank have given us some leeway to help us stay up, they will only put us in admin if we are obviously down after the Blackpool game. Whilst there is still a chance of staying up it makes no sense for the bank to push for admin. If we go down there is little chance of them getting their overdraft paid off. Link to comment Share on other sites More sharing options...
bridge too far Posted 12 March, 2009 Share Posted 12 March, 2009 I can't see the results will change the decision of the deadline. As far as the banks are concerned i suppose they are going to get more money in this league then in league 1 so they will probably hold off until they absolutely have to, also i can't see admin really benefiting them that much, can't see anybody buying the stadium. As for a boardroom decision Lowe's not going to place us into admin unless he absolutely has to because he will then be banned from becoming a director for the rest of this life and so is pretty much career suicide. NB - I apologise if i my knowledge on the matter is slightly wayward but this is how i see things currently. I don't believe that is so. He could, however, be barred from directorships if he is declared bankrupt or if he knowingly trades in an insolvent company. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 March, 2009 Share Posted 12 March, 2009 I thought i could be wrong, cheers for clearing it up though, i knew there was something about bankruptcy but assumed that it also applied for taking a company into meltdown. Still it's not going to look good on a CV, not exactly something you can hide really either. Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 12 March, 2009 Share Posted 12 March, 2009 i think the decision has always been that if are x points adrift by y date then we would go into admin.......now we just have to work out what x and y are? i would say that our recent form has changed the dynamics of the whole thing and tbh the derby game was a good result when you look at the big picture.derby have hit some decent form of late and i would have taken a draw before the game. Link to comment Share on other sites More sharing options...
Weston Saint Posted 12 March, 2009 Share Posted 12 March, 2009 i think the decision has always been that if are x points adrift by y date then we would go into admin.......now we just have to work out what x and y are? i would say that our recent form has changed the dynamics of the whole thing and tbh the derby game was a good result when you look at the big picture.derby have hit some decent form of late and i would have taken a draw before the game.No, the decision has to do with money and "going concern" not points as far as I am aware. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 12 March, 2009 Share Posted 12 March, 2009 I heard that same rumour in the Varsity before the game. doesn't say anything about administration in the match preview on the OS though, I'm sure they'd find a positive spin to put on it if it t'were the case. Extra police for 2000 beered up QPR chavs, that I can believe. Link to comment Share on other sites More sharing options...
LaptopSaint Posted 12 March, 2009 Share Posted 12 March, 2009 How much influence will the Derby result have on the Administration "decision" ? None. HTH. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 12 March, 2009 Share Posted 12 March, 2009 No, the decision has to do with money and "going concern" not points as far as I am aware. Wouldn't likelihood of relegation be taken into account and the closer we get, assist the decision to go into adminstration (and take the points hit) this season? Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 12 March, 2009 Share Posted 12 March, 2009 No, the decision has to do with money and "going concern" not points as far as I am aware. i understand that it is all about money weston but there must be a time when the two deciding factors,money and points come together to form a 'no going back' point,when a decision is made to go into admin? if we are potless but safe from relegation would we need to go into admin?...perhaps not,if we are potless and looking like certainties for the drop then perhaps we should take the hit. Link to comment Share on other sites More sharing options...
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