stevegrant Posted 1 April, 2009 Share Posted 1 April, 2009 If SLH does go into administration, the Echo reckon the Football League have told them the football club won't be docked points. http://www.dailyecho.co.uk/sport/saints/news/4251026.Football_League_says_Saints_will_not_be_deducted_points/ Seems very odd... Link to comment Share on other sites More sharing options...
Mole Posted 1 April, 2009 Share Posted 1 April, 2009 If SLH does go into administration, the Echo reckon the Football League have told them the football club won't be docked points. http://www.dailyecho.co.uk/sport/saints/news/4251026.Football_League_says_Saints_will_not_be_deducted_points/ Seems very odd... I broke this story a full 12 hours ago Steve. Do keep up. Link to comment Share on other sites More sharing options...
Scummer Posted 1 April, 2009 Share Posted 1 April, 2009 Hope the Echo recorded the conversation. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 1 April, 2009 Share Posted 1 April, 2009 If SLH does go into administration, the Echo reckon the Football League have told them the football club won't be docked points. http://www.dailyecho.co.uk/sport/saints/news/4251026.Football_League_says_Saints_will_not_be_deducted_points/ Seems very odd... That IS very odd ......... the Echo being right about something I mean Link to comment Share on other sites More sharing options...
St Marco Posted 1 April, 2009 Share Posted 1 April, 2009 Funny how they can answer without having done their review. I doubt this is true very much. Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 1 April, 2009 Share Posted 1 April, 2009 That is also what a bloke from Brewer Dolphin seemed to imply on Radio Five this morning.. Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 Well they should know,as in the League that is. I suggest they have the information put to them by the club. Link to comment Share on other sites More sharing options...
Gemmel Posted 1 April, 2009 Share Posted 1 April, 2009 I assume this would be on the basis of SLH having a buyer for the club. Today is probably not the best day to start rumours or try and second guess, but what's the likelyhood of lowe being invloved with the new owners Link to comment Share on other sites More sharing options...
ladysaint Posted 1 April, 2009 Share Posted 1 April, 2009 But surely this is not fair on the other clubs that have lost points. Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 I assume this would be on the basis of the club having a buyer for the club. Today is probably not the best day to start rumours or try and second guess, but what's the likelyhood of lowe being invloved with the new ownersI would think that is the least of our problems.Surely getting investment in is paramount. Link to comment Share on other sites More sharing options...
bungle Posted 1 April, 2009 Share Posted 1 April, 2009 But surely this is not fair on the other clubs that have lost points. I don't care!! Link to comment Share on other sites More sharing options...
exit2 Posted 1 April, 2009 Share Posted 1 April, 2009 But surely this is not fair on the other clubs that have lost points. I agree totally, they are too closely tied things. The assets, the loans, even the board! Leeds were LEEDS UNITED Limited and had various companies such as LEEDS UNITED RETAIL LIMITED LEEDS UNITED STADIUM LIMITED LEEDS UNITED ASSOCIATION FOOTBALL CLUB LIMITED The parent company went tits ups as we know and all of these companies are disolved or in liquidation. Now they just run as LEEDS UNITED FOOTBALL CLUB LIMITED. This is the same scenario as we are in the parent company has gone tits up and we want to run as Southampton Football Club Limited, so surely Leeds woudl have a case Link to comment Share on other sites More sharing options...
hypochondriac Posted 1 April, 2009 Share Posted 1 April, 2009 Funny how they can answer without having done their review. I doubt this is true very much. Seriously stop saying things when you just don't know. Link to comment Share on other sites More sharing options...
St Marco Posted 1 April, 2009 Share Posted 1 April, 2009 But surely this is not fair on the other clubs that have lost points. What it means is every club/company will have a parent club from now on meaning that nobody will ever go into admin again. Because the club itself is owned by a different company which happens to be run by the same people who run the club that means they can get off scot free! Somehow i can't see the football league letting that happen. Link to comment Share on other sites More sharing options...
The Godfather Posted 1 April, 2009 Share Posted 1 April, 2009 But surely this is not fair on the other clubs that have lost points. I should think because SLH are our parent company and its them and not the football club wh are going into admin. Teams like Luton, Bournemouth, Rotherham etc are different cases as they are not PLC's. Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 1 April, 2009 Share Posted 1 April, 2009 I agree totally, they are too closely tied things. The assets, the loans, even the board! Leeds were LEEDS UNITED Limited and had various companies such as LEEDS UNITED RETAIL LIMITED LEEDS UNITED STADIUM LIMITED LEEDS UNITED ASSOCIATION FOOTBALL CLUB LIMITED The parent company went tits ups as we know and all of these companies are disolved or in liquidation. Now they just run as LEEDS UNITED FOOTBALL CLUB LIMITED. This is the same scenario as we are in the parent company has gone tits up and we want to run as Southampton Football Club Limited, so surely Leeds woudl have a case Hmm, when my old firm went TU, the new buyers were able to take only those subsidiaries that they were interested in (mine being one) and the rest went to the wall. You would have to know the intracate details of the financial arrangements to second guess but maybe Rupert has created a safety net which Bates was unable to? Who knows... Link to comment Share on other sites More sharing options...
SaintRichmond Posted 1 April, 2009 Share Posted 1 April, 2009 I assume this would be on the basis of SLH having a buyer for the club. Today is probably not the best day to start rumours or try and second guess, but what's the likelyhood of lowe being invloved with the new owners Or, to rephrase the Question .... what is the likelyhood of Lowe NOT being involved with the new owners SFC ... circa £2.5M .... what a snip ............ Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 I should think because SLH are our parent company and its them and not the football club wh are going into admin. Teams like Luton, Bournemouth, Rotherham etc are different cases as they are not PLC's. that would be ironic that by being a PLC it was in the end the reason we saved the 10 point deduction. Link to comment Share on other sites More sharing options...
St Marco Posted 1 April, 2009 Share Posted 1 April, 2009 Seriously stop saying things when you just don't know. I do know about that you numpty. When a football club goes into admin the football league sets up a review board to see if the rules have been broken. That is the point of them. If the review finds rules have been broken then punishment is handed out for those violations. Go back and read all the other clubs who have gone into admin's process' and your see thats what happens. So stop trying to be a tit and think before you post Link to comment Share on other sites More sharing options...
saint_bert Posted 1 April, 2009 Share Posted 1 April, 2009 Am I right in thinking that SLH own our ground??? In theorie then if they go into admin then we have no ground to play in? I cant see how we can avoid a points deduction Link to comment Share on other sites More sharing options...
The Godfather Posted 1 April, 2009 Share Posted 1 April, 2009 I agree totally, they are too closely tied things. The assets, the loans, even the board! Leeds were LEEDS UNITED Limited and had various companies such as LEEDS UNITED RETAIL LIMITED LEEDS UNITED STADIUM LIMITED LEEDS UNITED ASSOCIATION FOOTBALL CLUB LIMITED The parent company went tits ups as we know and all of these companies are disolved or in liquidation. Now they just run as LEEDS UNITED FOOTBALL CLUB LIMITED. This is the same scenario as we are in the parent company has gone tits up and we want to run as Southampton Football Club Limited, so surely Leeds woudl have a case Leeds were deducted points as when they were in admin, Bates tried to con the administrator. Also Leeds were actually in admin as football club. Link to comment Share on other sites More sharing options...
bridge too far Posted 1 April, 2009 Share Posted 1 April, 2009 Hmm, when my old firm went TU, the new buyers were able to take only those subsidiaries that they were interested in (mine being one) and the rest went to the wall. You would have to know the intracate details of the financial arrangements to second guess but maybe Rupert has created a safety net which Bates was unable to? Who knows... I STILL reckon that somehow, some way, RL and MW will find a way to 'buy' Jacksons Farm and other such assets out of this. I don't trust them any further than I could throw them (and I'm a weak girlie ) Link to comment Share on other sites More sharing options...
exit2 Posted 1 April, 2009 Share Posted 1 April, 2009 Right you watch every football club going, create a new limited company as a holding company so they can avoid the deductions. It just aint gonna happen, especially as Football is the main revenue stream for SLH Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 I STILL reckon that somehow, some way, RL and MW will find a way to 'buy' Jacksons Farm and other such assets out of this. I don't trust them any further than I could throw them (and I'm a weak girlie ) I doubt they could BTF. Link to comment Share on other sites More sharing options...
sunrise Posted 1 April, 2009 Share Posted 1 April, 2009 If we do go in to admin, avoid the points deduction and stay up at another clubs expense, then surely there's the possibility that legal action would be taken by that club against us at loss of revenue? We shall see what happens but I get a sinking feeling that things are going to go from bad to worse. Link to comment Share on other sites More sharing options...
John B Posted 1 April, 2009 Share Posted 1 April, 2009 ECHO says that they have checked with the Football League and the club will not go into Administration Link to comment Share on other sites More sharing options...
stevegrant Posted 1 April, 2009 Author Share Posted 1 April, 2009 You would have to know the intracate details of the financial arrangements to second guess but maybe Rupert has created a safety net which Bates was unable to? Who knows... I would think it highly unlikely that Bates would be out-thought by anyone. He's out-thought HMRC for the best part of 50 years, and they're not exactly idiots. If the quotes from a "spokesman" are true, I cannot believe the sheer stupidity of the Football League. Link to comment Share on other sites More sharing options...
bridge too far Posted 1 April, 2009 Share Posted 1 April, 2009 I doubt they could BTF. If, apparently, the Football Club can be hived off then what's to stop other assets being hived off too? Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 If, apparently, the Football Club can be hived off then what's to stop other assets being hived off too? I have to leave that to people who know more aqbout these things, but my gut feeling is that it would be illegal to hive off assets like that. Link to comment Share on other sites More sharing options...
Red and White Army Posted 1 April, 2009 Share Posted 1 April, 2009 If SLH does go into administration, the Echo reckon the Football League have told them the football club won't be docked points. http://www.dailyecho.co.uk/sport/saints/news/4251026.Football_League_says_Saints_will_not_be_deducted_points/ Seems very odd... April Fools joke from the Echo? Or a masterstroke by Lowe? Link to comment Share on other sites More sharing options...
Window Cleaner Posted 1 April, 2009 Share Posted 1 April, 2009 Tell me all the above tomorrow, maybe I'll take it seriously then. Link to comment Share on other sites More sharing options...
Rational Rich Posted 1 April, 2009 Share Posted 1 April, 2009 If, apparently, the Football Club can be hived off then what's to stop other assets being hived off too? Provided it's done for fair value and doesn't put the creditors in a worse position, nothing. Link to comment Share on other sites More sharing options...
JibMcdo Posted 1 April, 2009 Share Posted 1 April, 2009 The guy on Sky News also just said we won't get points deducted Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 1 April, 2009 Share Posted 1 April, 2009 I would think it highly unlikely that Bates would be out-thought by anyone. He's out-thought HMRC for the best part of 50 years, and they're not exactly idiots. If the quotes from a "spokesman" are true, I cannot believe the sheer stupidity of the Football League. Not for a moment suggesting Rupert is sharper than Bates - as if!!! But the rules changed subsequent to Leeds demise and there might well have been a loophole opened as others were closed? I hear administrators have been out on standby by the bank!!! BTW. Link to comment Share on other sites More sharing options...
once_bitterne Posted 1 April, 2009 Share Posted 1 April, 2009 I agree totally, they are too closely tied things. The assets, the loans, even the board! Leeds were LEEDS UNITED Limited and had various companies such as LEEDS UNITED RETAIL LIMITED LEEDS UNITED STADIUM LIMITED LEEDS UNITED ASSOCIATION FOOTBALL CLUB LIMITED The parent company went tits ups as we know and all of these companies are disolved or in liquidation. Now they just run as LEEDS UNITED FOOTBALL CLUB LIMITED. This is the same scenario as we are in the parent company has gone tits up and we want to run as Southampton Football Club Limited, so surely Leeds woudl have a case Were Leeds owned by a parent plc that you could purchase shares on the stock market tho?????? Link to comment Share on other sites More sharing options...
bridge too far Posted 1 April, 2009 Share Posted 1 April, 2009 SSN also saying local consortium most likely to buy if anyone does. Link to comment Share on other sites More sharing options...
John B Posted 1 April, 2009 Share Posted 1 April, 2009 SSN also saying local consortium most likely to buy if anyone does. Things could be OK then? Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 April fools day and this news comes out.It just underlines that you have to be a fool to be a saints fan Link to comment Share on other sites More sharing options...
bridge too far Posted 1 April, 2009 Share Posted 1 April, 2009 Things could be OK then? Perhaps the emphasis was wrong They were listing all the reasons why we WOULDN'T be attractive to investors and then said that, if anyone wanted to buy us, it would be most likely a local consortium as football is such a cash hungry industry. They DIDN'T imply that there was such a consortium hovering in the wings, sadly Link to comment Share on other sites More sharing options...
Mole Posted 1 April, 2009 Share Posted 1 April, 2009 SSN also saying local consortium most likely to buy if anyone does. I've long said we've not heard the last of leon crouch... Link to comment Share on other sites More sharing options...
St Marco Posted 1 April, 2009 Share Posted 1 April, 2009 April fools day and this news comes out.It just underlines that you have to be a fool to be a saints fan Imagine if it was just an April Fools...... can only hope can't we. Link to comment Share on other sites More sharing options...
Alain Perrin Posted 1 April, 2009 Share Posted 1 April, 2009 If this is the case, then will Rupert Lowe be heralded as a business genius? Link to comment Share on other sites More sharing options...
Danny Posted 1 April, 2009 Share Posted 1 April, 2009 Story has been updated - this is not the first time it has happened apparently. Link to comment Share on other sites More sharing options...
JibMcdo Posted 1 April, 2009 Share Posted 1 April, 2009 So: - PLC put into admin - Saints avoid points deduction - Mark Wotte keeps us up - PLC have until the summer to find a buyer - A consortium full of rich, ambitious, local businessmen buy the club - Appoint a British manager with financial backing - We get promoted in May 2010 CAN'T WAIT Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 Imagine if it was just an April Fools...... can only hope can't we.Sadly it is not an april fools joke, but I feel strangely confident that something positive will come from it.if we avoid the 10 points then that will be plus. One thing I believe is that we have fantastic fans, together and as a people we will unite behind the team and it could be hell of an atmosphere saturday. Just a fantasy but it would be great if the ground is nearly full and we can show the world what Southampton people and fans are really made of right until the end of the season. Link to comment Share on other sites More sharing options...
Third Division South Days Posted 1 April, 2009 Share Posted 1 April, 2009 SSN also saying local consortium most likely to buy if anyone does. No points deduction? Local consortium most likely buyers? Is their light or still clutching straws? Link to comment Share on other sites More sharing options...
OldNick Posted 1 April, 2009 Share Posted 1 April, 2009 So: - PLC put into admin - Saints avoid points deduction - Mark Wotte keeps us up - PLC have until the summer to find a buyer - A consortium full of rich, ambitious, local businessmen buy the club - Appoint a British manager with financial backing - We get promoted in May 2010 CAN'T WAIT If Wotte keeps us up it would be a poor decision to sack him, apart from that go saints Link to comment Share on other sites More sharing options...
SaintBobby Posted 1 April, 2009 Share Posted 1 April, 2009 Am I right in thinking that SLH own our ground??? In theorie then if they go into admin then we have no ground to play in? I cant see how we can avoid a points deduction Thinking aloud here - but wonder if this is part of the loophole. Desperately clutching at straws...but.... Could SLH tell Norwich Union "Sorry, we can't keep up our mortgage payments, here are the keys for the ground. It's all yours." NU then have a white elephant on their hands. They rent the stadium back to the club for the remaining 3 games. £23m of debt cleared.... Link to comment Share on other sites More sharing options...
Blanco Saint Posted 1 April, 2009 Share Posted 1 April, 2009 Radio 5 implied that points would probably be deducted NEXT SEASON. It seems that it will be very difficult for us to avoid league one or possibly league two. Link to comment Share on other sites More sharing options...
aintforever Posted 1 April, 2009 Share Posted 1 April, 2009 Maybe if the council took over the debt then they would get more favourable rates on the mortgage, particularly in today's climate. The council can guarantee the future of SFC, which guarantees rent on the stadium, which guarantee's the mortgage being paid off - eventually. Link to comment Share on other sites More sharing options...
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