NickG Posted 3 April, 2009 Share Posted 3 April, 2009 http://www.dailyecho.co.uk/sport/saints/news/4257530.Saints_to_use_Jackson_s_Farm_to_escape_points_deduction_/ and are looking to use it to escape points deduction Link to comment Share on other sites More sharing options...
dubai_phil Posted 3 April, 2009 Share Posted 3 April, 2009 http://www.dailyecho.co.uk/sport/saints/news/4257530.Saints_to_use_Jackson_s_Farm_to_escape_points_deduction_/ and are looking to use it to escape points deduction Today it has no great value, but for somebody who takes a medium to long term investment view it represents "an excellent investment opportunity" I believe the Bovis option expires in early April from other threads on the topic over the past year or two Link to comment Share on other sites More sharing options...
a1ex2001 Posted 3 April, 2009 Share Posted 3 April, 2009 Good ridance to the stupid farm, hopefully another pointless non-football distraction gone along with the ex-board I'm sick of hearing about it and can't remember the last time it lashed in a hat-trick! Link to comment Share on other sites More sharing options...
warsash saint Posted 3 April, 2009 Share Posted 3 April, 2009 Good ridance to the stupid farm, hopefully another pointless non-football distraction gone along with the ex-board I'm sick of hearing about it and can't remember the last time it lashed in a hat-trick! You won't be saying that if it saves us a 10 point deduction will yer ??? Link to comment Share on other sites More sharing options...
hypochondriac Posted 3 April, 2009 Share Posted 3 April, 2009 Good ridance to the stupid farm, hopefully another pointless non-football distraction gone along with the ex-board I'm sick of hearing about it and can't remember the last time it lashed in a hat-trick! Don't be an idiot. It was donated to saints for nothing Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 3 April, 2009 Share Posted 3 April, 2009 Any excuse/reason to avoid the points deduction is welcome Link to comment Share on other sites More sharing options...
Saint In Exile Posted 3 April, 2009 Share Posted 3 April, 2009 Let's just hope that the Corbett's donation of Jackson's Farm to the club finally achieves their intended aim of doing some good for the club!!! Link to comment Share on other sites More sharing options...
jonah Posted 3 April, 2009 Share Posted 3 April, 2009 Don't be an idiot. It was donated to saints for nothing Nooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!! Jacksons Farm was not donated by John Corbett - he bought it on the club's behalf on the condition that they paid him back in full which they did. It was nothing more than a loan. This myth has been propagated and embellished by certain people in order to give Mary Corbett greater gravitas than is due (although obviously that loan is more than any of the last 15 Directors of SLH have loaned the club!). Link to comment Share on other sites More sharing options...
The Rover Posted 3 April, 2009 Share Posted 3 April, 2009 Don't be an idiot. It was donated to saints for nothing Not true - Mary Corbett scotched that story herself. Her father bought it for the club, but they paid him for it later. Link to comment Share on other sites More sharing options...
Pancake Posted 3 April, 2009 Share Posted 3 April, 2009 Why are poeple discussing how much the land is worth or how much we paid for it? That is all totally academic in this discussion. It could be worth 1p and we paid £1Mil for it, it doesn't matter, what does matter is that the future development of the land can be considered a separate business entity of SLH away from the club, "proving" that SLH wasnt just a shop front for SFC Ltd. Link to comment Share on other sites More sharing options...
jonah Posted 3 April, 2009 Share Posted 3 April, 2009 Why are poeple discussing how much the land is worth or how much we paid for it? That is all totally academic in this discussion. It could be worth 1p and we paid £1Mil for it, it doesn't matter, what does matter is that the future development of the land can be considered a separate business entity of SLH away from the club, "proving" that SLH wasnt just a shop front for SFC Ltd. Not to mention the previous and current side-lines such as the Radio Station, Catering and Insurance companies. How ironic ;-) Link to comment Share on other sites More sharing options...
exit2 Posted 3 April, 2009 Share Posted 3 April, 2009 I have a huge issue with this and I still think we will get a points deduction SLH main business is SOUTHAMPTON FOOTBALL CLUB The press conference was held at SOUTHAMPTON FOOTBALL CLUB The sign behind the admin staff at the pressconference was SOUTHAMPTON FOOTBALL CLUB The main assets are SOUTHAMPTON FOOTBALL CLUB, the players of SOUTHAMPTON FOOTBALL CLUB, Staplewood the training fround for SOUTHAMPTON FOOTBALL CLUB, the SOUTHAMPTON FOOTBALL CLUB trainee lodge and Jacksons Farm There will be staff redundancies from SOUTHAMPTON FOOTBALL CLUB and not SLH. As for Jacksons farm well this was given to Saints by a director of SOUTHAMPTON FOOTBALL CLUB to SOUTHAMPTON FOOTBALL CLUB Link to comment Share on other sites More sharing options...
SaintRobbie Posted 3 April, 2009 Share Posted 3 April, 2009 I have a huge issue with this and I still think we will get a points deduction SLH main business is SOUTHAMPTON FOOTBALL CLUB The press conference was held at SOUTHAMPTON FOOTBALL CLUB The sign behind the admin staff at the pressconference was SOUTHAMPTON FOOTBALL CLUB The main assets are SOUTHAMPTON FOOTBALL CLUB, the players of SOUTHAMPTON FOOTBALL CLUB, Staplewood the training fround for SOUTHAMPTON FOOTBALL CLUB, the SOUTHAMPTON FOOTBALL CLUB trainee lodge and Jacksons Farm There will be staff redundancies from SOUTHAMPTON FOOTBALL CLUB and not SLH. As for Jacksons farm well this was given to Saints by a director of SOUTHAMPTON FOOTBALL CLUB to SOUTHAMPTON FOOTBALL CLUB Good points. I think I share your concerns. Not clever to put SFC all over the papers and have press conferences at SMS if we want to divert attention from the fact that the plc may be in some way different from the Club. I think that every team at he bottom of the CCC will be lobbying VERY HARD for us to get the 10 points deduction. I'm afraid in principle they'd be right I think, and could even take independent action regardless of the football league as Sheffield Utd did to West Ham after relegation. We're in a mess - Rupert Lowe's mess. But, whatever happens we can have a buyer now if we SELL this club. We can have optimism. Link to comment Share on other sites More sharing options...
Weston Saint Posted 3 April, 2009 Share Posted 3 April, 2009 As Jonah has rightly pointed out, it was not a gift but an interest free loan which was paid back in full. The Corbetts have confirmed the same on more than one occassion. Exit2 is correct, it was for SFC but the whole structure changed when the plc came into play just as the stadium ownership has. Jacksons farm has very little commercial value at present. Surely if it had it would have been sold to provide capital to avoid the Administration we now find ourselves. I have it on good authority the club did explore avenues with Bovis's option expiring this month. I understand there was no interest. Not suprising at this time and without any medium term hope of development permission. Link to comment Share on other sites More sharing options...
Ken Tone Posted 3 April, 2009 Share Posted 3 April, 2009 Presumably Forest etc are 'monitoring' because they might yet want to pull the same trick! Even if this cunning plan does work, you still have to wonder why we (sorry ..they) didn't go into administration a week ago to cover all possible outcomes. Why risk it? K. Link to comment Share on other sites More sharing options...
Pancake Posted 3 April, 2009 Share Posted 3 April, 2009 I have a huge issue with this and I still think we will get a points deduction SLH main business is SOUTHAMPTON FOOTBALL CLUB The press conference was held at SOUTHAMPTON FOOTBALL CLUB The sign behind the admin staff at the pressconference was SOUTHAMPTON FOOTBALL CLUB The main assets are SOUTHAMPTON FOOTBALL CLUB, the players of SOUTHAMPTON FOOTBALL CLUB, Staplewood the training fround for SOUTHAMPTON FOOTBALL CLUB, the SOUTHAMPTON FOOTBALL CLUB trainee lodge and Jacksons Farm There will be staff redundancies from SOUTHAMPTON FOOTBALL CLUB and not SLH. As for Jacksons farm well this was given to Saints by a director of SOUTHAMPTON FOOTBALL CLUB to SOUTHAMPTON FOOTBALL CLUB Couple of points. The press conf was held at St Marys Stadium, not at Southampton Football Club. The club itself is a non-physical entity, and the stadium is "owned" (or was) by SLH. Im not 100% sure about this, but I think playing staff are "paid" by SFC, with other staff such cleaners, stadium workers etc paid by another part of SLH. Link to comment Share on other sites More sharing options...
bridge too far Posted 3 April, 2009 Share Posted 3 April, 2009 Well maybe my brain isn't in gear this morning but I think the title of this thread is misleading. It implies that SFC owns JF, not SLH. But if you read the article it says: When pushed, he admitted that the assets of Southampton Leisure Holdings are mainly football related . But, perhaps crucially, not the Jackson’s Farm land which he believes gives the holding company a development arm to it. In other words, he's trying to demonstrate that, because the HOLDING COMPANY has a development arm, it can't be considered solely football related. This gives us the get-out of the club not getting the points deduction. If SFC is indeed the owner of JF, then the HOLDING COMPANY has no interests that aren't football related. Surely :confused: Link to comment Share on other sites More sharing options...
trousers Posted 3 April, 2009 Share Posted 3 April, 2009 Would the Administrators be handling the SLH situation in the same manner if SLH didn't happen to own a football club? Link to comment Share on other sites More sharing options...
jonah Posted 3 April, 2009 Share Posted 3 April, 2009 SLH main business is SOUTHAMPTON FOOTBALL CLUB The press conference was held at SOUTHAMPTON FOOTBALL CLUB The sign behind the admin staff at the pressconference was SOUTHAMPTON FOOTBALL CLUB The main assets are SOUTHAMPTON FOOTBALL CLUB, the players of SOUTHAMPTON FOOTBALL CLUB, Staplewood the training fround for SOUTHAMPTON FOOTBALL CLUB, the SOUTHAMPTON FOOTBALL CLUB trainee lodge and Jacksons Farm There will be staff redundancies from SOUTHAMPTON FOOTBALL CLUB and not SLH. As for Jacksons farm well this was given to Saints by a director of SOUTHAMPTON FOOTBALL CLUB to SOUTHAMPTON FOOTBALL CLUB This is why we have legal definitions. I'm guessing the lawyers will refer to those. Link to comment Share on other sites More sharing options...
Pancake Posted 3 April, 2009 Share Posted 3 April, 2009 Well maybe my brain isn't in gear this morning but I think the title of this thread is misleading. It implies that SFC owns JF, not SLH. The title states the PLC own Jacksons farm. The "PLC" being SLH PLC, no SFC Ltd. Link to comment Share on other sites More sharing options...
jonah Posted 3 April, 2009 Share Posted 3 April, 2009 If SFC is indeed the owner of JF, then the HOLDING COMPANY has no interests that aren't football related. Jacksons Farm is owned by SLH. It also controls the following: Southampton Football Club Limited St Mary’s Stadium Limited St Mary’s SPV Limited Southampton Mortgage & Financial Centre Limited (Non-trading) Secure Retirement Limited (Non-trading) St Michael’s Street Homes (No. 1) Limited (Non-trading) Felix Broadcasting Limited (Non-trading) South City FM Limited (Non-trading) Forest FM Limited (Non-trading) And it sold off: Southampton Insurance Services Limited Saints Radio Limited Unfortunately, those 2 sales could have scuppered the loophole as clear alternative business streams. However the Bon Jovi concert is also evidence that the stadium business is not purely football-related, as are the conferences, etc held at the stadium. At the moment I think I'll take the legal stance over the moral stance although I fear this could hinder any takeover since it's a rather huge unknown until Tuesday :-( Link to comment Share on other sites More sharing options...
Weston Saint Posted 3 April, 2009 Share Posted 3 April, 2009 At the moment I think I'll take the legal stance over the moral stance although I fear this could hinder any takeover since it's a rather huge unknown until Tuesday :-( I posted this on another thread Simple fact for me, if we are out of the bottom 3 at the end of the season we have done so by what has been done on the pitch. The relegated teams should have no problem with that. It is not as if we have spent money we did not have this season to buy in talent. We even loaned out our better players. I am comfortable with us not being deducted points from a moral point of view. If we are using a loophole in the rules to avoid the deduction that is life. It is not Saints fault the rules are flawed. However the convincing argument that all of the plc stems directly from the football club leaves me to believe the points deduction will apply. The football league powers seem stronger than just the written down rules. Link to comment Share on other sites More sharing options...
hypochondriac Posted 3 April, 2009 Share Posted 3 April, 2009 Jacksons Farm is owned by SLH. It also controls the following: Southampton Football Club Limited St Mary’s Stadium Limited St Mary’s SPV Limited Southampton Mortgage & Financial Centre Limited (Non-trading) Secure Retirement Limited (Non-trading) St Michael’s Street Homes (No. 1) Limited (Non-trading) Felix Broadcasting Limited (Non-trading) South City FM Limited (Non-trading) Forest FM Limited (Non-trading) And it sold off: Southampton Insurance Services Limited Saints Radio Limited Unfortunately, those 2 sales could have scuppered the loophole as clear alternative business streams. However the Bon Jovi concert is also evidence that the stadium business is not purely football-related, as are the conferences, etc held at the stadium. At the moment I think I'll take the legal stance over the moral stance although I fear this could hinder any takeover since it's a rather huge unknown until Tuesday :-( How hilarious that all these outside football ventures could be what saves us! Link to comment Share on other sites More sharing options...
bridge too far Posted 3 April, 2009 Share Posted 3 April, 2009 The title states the PLC own Jacksons farm. The "PLC" being SLH PLC, no SFC Ltd. Ah yes - right. I thought my brain wasn't quite up to speed yet :oops: Link to comment Share on other sites More sharing options...
pfc123 Posted 3 April, 2009 Share Posted 3 April, 2009 The press conf was held at St Marys Stadium, not at Southampton Football Club. Crucial point, but St Mary's was probably the very last place you wanted to hold an administration press conference at if you're trying to show that SLH is nothing to do with the football club- bit of a giveaway isn't it? A quick google of SLH shows that it's address (not registered address- they're nearly always somewhere else) is listed as: Friends Provident St. Marys Stadium, Britannia Road, Southampton, SO14 5FP, United Kingdom. Surely it would have been better to have the company address listed somewhere else even if it's just a box room above a newsagents in Bitterne for example. And surely you hold the press conference at a hotel in say Winchester, or Eastliegh- anything to detract attention away from the football club..... Link to comment Share on other sites More sharing options...
NickG Posted 3 April, 2009 Author Share Posted 3 April, 2009 Why are poeple discussing how much the land is worth or how much we paid for it? That is all totally academic in this discussion. It could be worth 1p and we paid £1Mil for it, it doesn't matter, what does matter is that the future development of the land can be considered a separate business entity of SLH away from the club, "proving" that SLH wasnt just a shop front for SFC Ltd. totally agree -this is the hugely significant point for me. Not to mention the previous and current side-lines such as the Radio Station, Catering and Insurance companies. How ironic ;-) it is quite ironic, if these loss making/ distractions save us! Link to comment Share on other sites More sharing options...
exit2 Posted 3 April, 2009 Share Posted 3 April, 2009 the other thing about Jacksons farms is that it does provide a revenue stream all being a small one for grazing land Link to comment Share on other sites More sharing options...
exit2 Posted 3 April, 2009 Share Posted 3 April, 2009 Im not 100% sure about this, but I think playing staff are "paid" by SFC, with other staff such cleaners, stadium workers etc paid by another part of SLH. I have just spoken to 4 employess both full time and casual workers who do get paid by Southampton Football Club Link to comment Share on other sites More sharing options...
OldNick Posted 3 April, 2009 Share Posted 3 April, 2009 How about that the League dock us points as they know that we havent the rfunds to take them to law when the others who are complaining do. Link to comment Share on other sites More sharing options...
AlfredKo Posted 3 April, 2009 Share Posted 3 April, 2009 I have just spoken to 4 employess both full time and casual workers who do get paid by Southampton Football Club How about the non-football related labour, such as Rupert Lowe's secretary or clerk? Link to comment Share on other sites More sharing options...
Pancake Posted 3 April, 2009 Share Posted 3 April, 2009 I have just spoken to 4 employess both full time and casual workers who do get paid by Southampton Football Club Cheers mate, my attempts were proving fruitless! Link to comment Share on other sites More sharing options...
eurosaint Posted 3 April, 2009 Share Posted 3 April, 2009 I assume that Jackson's Farm would have a real value if the council planning dept consented for residential use ? That being the case, why does the administrator not propose to them that they take JF in exchange for SMS ? The city retains it's football club, the council gets a valuable asset and the taxpayer doesn't lose out ! Win, win, win ??? Maybe I'm dreaming a little but perhaps there is something of this ilk that can be looked into further ???? Link to comment Share on other sites More sharing options...
eelpie Posted 3 April, 2009 Share Posted 3 April, 2009 I have no complaints about 10 points being deducted this season. We have been playing to relegation standard at home games. I do have an issue about them being deducted next season in League 1 though. That will be due to RL ineptitude. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 3 April, 2009 Share Posted 3 April, 2009 http://www.dailyecho.co.uk/sport/saints/news/4257530.Saints_to_use_Jackson_s_Farm_to_escape_points_deduction_/ and are looking to use it to escape points deduction But even that's wrong isn't it. JF wasn't donated by John Corbett it was bought by SFC with the aid of a loan term loan from John Corbett. The PLC acquired it by taking over SFC . Link to comment Share on other sites More sharing options...
bridge too far Posted 3 April, 2009 Share Posted 3 April, 2009 I assume that Jackson's Farm would have a real value if the council planning dept consented for residential use ? That being the case, why does the administrator not propose to them that they take JF in exchange for SMS ? The city retains it's football club, the council gets a valuable asset and the taxpayer doesn't lose out ! Win, win, win ??? Maybe I'm dreaming a little but perhaps there is something of this ilk that can be looked into further ???? That's a good approach! But would the City want to swap, given that JF is in a different administrative area? Does it come under Fareham District Council? They might not be willing to grant PP for residential use. However, the regional plan for housing might override any objections the local councils have. Link to comment Share on other sites More sharing options...
eurosaint Posted 3 April, 2009 Share Posted 3 April, 2009 That's a good approach! But would the City want to swap, given that JF is in a different administrative area? Does it come under Fareham District Council? They might not be willing to grant PP for residential use. However, the regional plan for housing might override any objections the local councils have. I really don't know any details and am sure that there would be a minefield to crawl through to get there but I was trying to think 'out of the box' and maybe just sow a few seeds !!!! Link to comment Share on other sites More sharing options...
Torbay Saint Posted 3 April, 2009 Share Posted 3 April, 2009 It is within Eastleigh Borough I think and proposals are contained within the emerging Regional Spatial Strategy. I doubt that £26 million will be obtained for the site, especially in the current market. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 3 April, 2009 Share Posted 3 April, 2009 It is within Eastleigh Borough I think and proposals are contained within the emerging Regional Spatial Strategy. I doubt that £26 million will be obtained for the site, especially in the current market. But what if Aviva accepted a settlement of around £10m? Good trade then...Linden bought the old Hospital Site in Lymington for that figure, and stand to make another £10M once all are sold (and they are selling well). Could be a good deal for someone... (hmmmm Mikey?) Link to comment Share on other sites More sharing options...
Stirchleysaint Posted 3 April, 2009 Share Posted 3 April, 2009 Grasping at straws I'm afraid this is. The way I see it is that its because SFC hasn't performed financially, SLH has become financially unviable. Its the football club which provides effectively 100% of the PLC's income after all. The subsidiary ventures were either sold off of had cease trading before this season. I'm sadly expecting the worst. Link to comment Share on other sites More sharing options...
eurosaint Posted 3 April, 2009 Share Posted 3 April, 2009 But what if Aviva accepted a settlement of around £10m? Good trade then...Linden bought the old Hospital Site in Lymington for that figure, and stand to make another £10M once all are sold (and they are selling well). Could be a good deal for someone... (hmmmm Mikey?) As it was my suggestion, I would like to exclude all previous directors from the deal ! If the council buy the stadium and rent it back to the FC under new ownership then I reckon we could be on the way back from oblivion !!! Link to comment Share on other sites More sharing options...
Torbay Saint Posted 3 April, 2009 Share Posted 3 April, 2009 But what if Aviva accepted a settlement of around £10m? Good trade then...Linden bought the old Hospital Site in Lymington for that figure, and stand to make another £10M once all are sold (and they are selling well). Could be a good deal for someone... (hmmmm Mikey?) When did they buy the Lymington Hospital site? You are also in different markets. And porposals exists for several thousand houses in that area of Eastleigh as opposed to a niche development. At what stage did Linden buy the site (i.e. did it have planning permission)? You have to remember that this is just a farm at the moment albeit identified within an Area of Search for development - but that is a long way and a lot of money for technical work from securing a consent. Unfortunately there a few house builders acquiring land at the moment. Lets hope one secures this site soon. Link to comment Share on other sites More sharing options...
OldNick Posted 3 April, 2009 Share Posted 3 April, 2009 Couldnt we try quantative easing, thats the buzz word at the moment.Who owns a photocopier on here and then we only need to go to Staples to get the paper to print the notes on.Problem solved. Why didnt anyone think of it before Link to comment Share on other sites More sharing options...
um pahars Posted 3 April, 2009 Share Posted 3 April, 2009 Couldnt we try quantative easing, thats the buzz word at the moment.Who owns a photocopier on here and then we only need to go to Staples to get the paper to print the notes on.Problem solved. Why didnt anyone think of it before I'm sure we al know someone who culd lay his hands on one, but not sure we'd want to bring him back on to here. Fck me, I'd rather read Jonah and GM than the photocopier man!!!!! Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 3 April, 2009 Share Posted 3 April, 2009 When did they buy the Lymington Hospital site? You are also in different markets. And porposals exists for several thousand houses in that area of Eastleigh as opposed to a niche development. At what stage did Linden buy the site (i.e. did it have planning permission)? You have to remember that this is just a farm at the moment albeit identified within an Area of Search for development - but that is a long way and a lot of money for technical work from securing a consent. Unfortunately there a few house builders acquiring land at the moment. Lets hope one secures this site soon. The Local Auth had to sell the site in order to fund the new Hospital on the outskirts of the town. Not sure how/when planning went through, but Linden have, in the last 8 weeks started Phase 2 of the development - which was obviously looking unlikely 3 months ago. When the developers starting building again, you know they are getting more optimistic about the future. Mind you, I think that Eastleigh BC have enough on their plate at the moment (with that story in the Echo today...scary stuff). Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 3 April, 2009 Share Posted 3 April, 2009 (edited) Oooops! Already sorted! Edited 3 April, 2009 by EastleighSoulBoy Too quick! Link to comment Share on other sites More sharing options...
hypochondriac Posted 3 April, 2009 Share Posted 3 April, 2009 OK apologies I was wrong but the point is it was supposed to be an asset which makes a profit when it is eventually sold. How can someone say they are sick of it? It's not like it was costing us money. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 3 April, 2009 Share Posted 3 April, 2009 Nice to see the other clubs trying to take full advantage. It's disgusting really, they don't know the details of our case and they should really stay out of it and concentrate on staying up the correct way. Barnsley especially can **** off. They're most likely to go down IMO and damn well know it. I'll take great delight when administration comes their way the way they're acting over this. And, I believe, that we are trying to stay up the correct way? I'll bide my time until the League decide what is and isn't the correct way. FWIW I hope our way is 'correct', if not then we'll get what we don't really, as fans, deserve! Link to comment Share on other sites More sharing options...
ooohTerryHurlock Posted 3 April, 2009 Share Posted 3 April, 2009 Nice to see the other clubs trying to take full advantage. It's disgusting really, they don't know the details of our case and they should really stay out of it and concentrate on staying up the correct way. Barnsley especially can **** off. They're most likely to go down IMO and damn well know it. I'll take great delight when administration comes their way the way they're acting over this. My mate at university was from sheffield he told me this joke Whats the difference between girl from Barnsley and a Sea lion - ones big fat ugly and smells of fish and the other is a Sea Lion! That summed it up really - its a **** hole of a northern town with nothing to look forward to other than other peoples misery! but i do like dickie Bird and Parki though! Link to comment Share on other sites More sharing options...
NickG Posted 3 April, 2009 Author Share Posted 3 April, 2009 I have a huge issue with this and I still think we will get a points deduction SLH main business is SOUTHAMPTON FOOTBALL CLUBnot sole The press conference was held at SOUTHAMPTON FOOTBALL CLUBthink that's irrelevant The sign behind the admin staff at the pressconference was SOUTHAMPTON FOOTBALL CLUBas above The main assets are SOUTHAMPTON FOOTBALL CLUB, the players of SOUTHAMPTON FOOTBALL CLUB, Staplewood the training fround for SOUTHAMPTON FOOTBALL CLUB, the SOUTHAMPTON FOOTBALL CLUB trainee lodge and Jacksons Farm There will be staff redundancies from SOUTHAMPTON FOOTBALL CLUB and not SLH. As for Jacksons farm well this was given to Saints by a director of SOUTHAMPTON FOOTBALL CLUB to SOUTHAMPTON FOOTBALL CLUBbut legally owned, it would appear, by the plc the issue to me is there is a rule that protects clubs who are owned by a company that goes bust but not neccessarily due to the football club -possibly, although I can't remember the facts, West Ham. this is a written rule whether points are deducted is decided by these rules saints plc did have a range of business interests -as we have often criticised on here. This structure wasn't suddenly set up as per leeds to wriggle out of a points deduction. sure the club are trying to use it for their advantage. no-one is suggesting the plc isn't anything to do with the team, nor not closely linked but the rules - on our superficial level of knowledge - suggest that we are not trying to bend the rules but seeking them applied to the letter. Link to comment Share on other sites More sharing options...
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