Marsdinho Posted 7 April, 2009 Share Posted 7 April, 2009 Im sure I read a quote somewhere from Mark Fry saying that, out of the interested parties, some were "Supporters groups". I cant find the link to back this up, but Im sure I read it over the last couple of days....... Can I be the first to send out a clear message to these Supporters groups: Dear Interested Supporters Groups, Can you kindly f*ck off and let the bidding for SFC be conducted by people that have easy access hard cash. I not sure if you realise, but we are in a bit of trouble at the moment financially and need MAJOR INVESTMENT. Thanks Marsdinho PS: If you are The Saints Trust, you have a f*cking nerve. Link to comment Share on other sites More sharing options...
slickmick Posted 7 April, 2009 Share Posted 7 April, 2009 Im sure I read a quote somewhere from Mark Fry saying that, out of the interested parties, some were "Supporters groups". I cant find the link to back this up, but Im sure I read it over the last couple of days....... Can I be the first to send out a clear message to these Supporters groups: Dear Interested Supporters Groups, Can you kindly f*ck off and let the bidding for SFC be conducted by people that have easy access hard cash. I not sure if you realise, but we are in a bit of trouble at the moment financially and need MAJOR INVESTMENT. Thanks Marsdinho PS: If you are The Saints Trust, you have a f*cking nerve. Its in the echo today and Nick Illingsworth has stated that they would have to be the last resort. Can't see the harm in that. Link to comment Share on other sites More sharing options...
stevegrant Posted 7 April, 2009 Share Posted 7 April, 2009 Its in the echo today and Nick Illingsworth has stated that they would have to be the last resort. Can't see the harm in that. Spot on. The supporter groups, such as the one that "derry" is trying to piece together, clearly aren't going to have as much money behind them as some of the other names who have been linked, but they're declaring their interest so that there is a "Plan Z" if all else fails. If nobody with serious money on their own steps up to the plate, who else is there if you completely disregard groups of supporters who are doing their best to get something together? Surely something is better than nothing... Link to comment Share on other sites More sharing options...
Alain Perrin Posted 7 April, 2009 Share Posted 7 April, 2009 Surely the natural conclusion for Saintsweb is to launch a takeover bid. Posters will then be able to finally accept that the fans are to blame for the mess Saints are in. Link to comment Share on other sites More sharing options...
sotonjoe Posted 7 April, 2009 Share Posted 7 April, 2009 Where have all those £5s gone eh? Link to comment Share on other sites More sharing options...
sadoldgit Posted 7 April, 2009 Share Posted 7 April, 2009 Perhaps Steve Godwin's nephew will step in? Seriosuly though, given the drivel written on here do we really want a bunch of well meaning supoorters running the show? Most would fall out over who was the best right back. This whole thing worries me greatly. For months we have had names like Saltz floated to whet our appetites. Where were these people when we were stuggling to saty in the Prem. Where were these people when the Wilde Bunch rode into town and blew the cash? How can they sit back and watch the club vanish from sight before they decided to do anything for the club? Steve, I don't get this something better than nothing. Wilde and Crouch were supposed to be better than Lowe weren't they? We need the right people at this club otherwise this will all happen again. The next decision is crucial. Let it be the right thing for SFC lomg term please!!!! Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 April, 2009 Share Posted 7 April, 2009 Perhaps Steve Godwin's nephew will step in? Seriosuly though, given the drivel written on here do we really want a bunch of well meaning supoorters running the show? Most would fall out over who was the best right back. This whole thing worries me greatly. For months we have had names like Saltz floated to whet our appetites. Where were these people when we were stuggling to saty in the Prem. Where were these people when the Wilde Bunch rode into town and blew the cash? How can they sit back and watch the club vanish from sight before they decided to do anything for the club? Steve, I don't get this something better than nothing. Wilde and Crouch were supposed to be better than Lowe weren't they? We need the right people at this club otherwise this will all happen again. The next decision is crucial. Let it be the right thing for SFC lomg term please!!!! But you do realise there may well be no decision to make right? No one is saying that this is the preferred option, rather they are suggesting that this could be the ONLY option with the alternative being no club. In that case then something is better than nothing! Link to comment Share on other sites More sharing options...
stevegrant Posted 7 April, 2009 Share Posted 7 April, 2009 Perhaps Steve Godwin's nephew will step in? Seriosuly though, given the drivel written on here do we really want a bunch of well meaning supoorters running the show? Most would fall out over who was the best right back. This whole thing worries me greatly. For months we have had names like Saltz floated to whet our appetites. Where were these people when we were stuggling to saty in the Prem. Where were these people when the Wilde Bunch rode into town and blew the cash? How can they sit back and watch the club vanish from sight before they decided to do anything for the club? Steve, I don't get this something better than nothing. Wilde and Crouch were supposed to be better than Lowe weren't they? We need the right people at this club otherwise this will all happen again. The next decision is crucial. Let it be the right thing for SFC lomg term please!!!! Let's put it this way, if "nothing" is what we get then SFC ceases to exist, it really is as simple as that. Therefore, "something better than nothing" clearly is accurate, otherwise there is no club for us to support from that point forward. Link to comment Share on other sites More sharing options...
ottery st mary Posted 7 April, 2009 Share Posted 7 April, 2009 Perhaps Steve Godwin's nephew will step in? Seriosuly though, given the drivel written on here do we really want a bunch of well meaning supoorters running the show? Most would fall out over who was the best right back. This whole thing worries me greatly. For months we have had names like Saltz floated to whet our appetites. Where were these people when we were stuggling to saty in the Prem. Where were these people when the Wilde Bunch rode into town and blew the cash? How can they sit back and watch the club vanish from sight before they decided to do anything for the club? Steve, I don't get this something better than nothing. Wilde and Crouch were supposed to be better than Lowe weren't they? We need the right people at this club otherwise this will all happen again. The next decision is crucial. Let it be the right thing for SFC lomg term please!!!! i GOT UNFAIRLY INFRACTED FOR USING THE WORD drivel AGAINST FELLOW POSTER......NOW STOP IT OR i WILL SEND THE HEAVIES AROUND... lET US ALL PULL TOGETHER......the fans could be the last resort.....ALL OF US IF NEED BE. Link to comment Share on other sites More sharing options...
swannymere Posted 7 April, 2009 Share Posted 7 April, 2009 I would imagine that any board comprising supporters wouldn't be able to stop arguing long enough to get anything done. I'm sure the usual suspects will give their opinion whilst trying to raise their profile in political circles;) Link to comment Share on other sites More sharing options...
strummer Posted 7 April, 2009 Share Posted 7 April, 2009 Spot on. The supporter groups, such as the one that "derry" is trying to piece together, clearly aren't going to have as much money behind them as some of the other names who have been linked, but they're declaring their interest so that there is a "Plan Z" if all else fails. If nobody with serious money on their own steps up to the plate, who else is there if you completely disregard groups of supporters who are doing their best to get something together? Surely something is better than nothing... Plan Z doesn't exist, Steve. The cut-off point comes around Plan B. A significant amount of the debt needs servicing, otherwise there will be no club as it stands. It's as simple as that. Saints income at present is not even paying for its current overheads, let alone the debt. Think Woolworths, then you'll be somewhere close. It's as perilous as that. Link to comment Share on other sites More sharing options...
stevegrant Posted 7 April, 2009 Share Posted 7 April, 2009 Plan Z doesn't exist, Steve. The cut-off point comes around Plan B. A significant amount of the debt needs servicing, otherwise there will be no club as it stands. It's as simple as that. Saints income at present is not even paying for its current overheads, let alone the debt. Think Woolworths, then you'll be somewhere close. It's as perilous as that. I would disagree. £2.5m of our revenue this season has gone on paying off the overdraft. Were it not for said overdraft, the club would have an extra £2.5m in its coffers. The wage bill has been cut pretty much in half - we're now running at about 50% of turnover, which is a perfectly stable amount. The only other liabilities are in the stadium mortgage, which is comfortably covered by season ticket sales. It's been suggested that Barclays would settle for a reasonable percentage of their debt as a full and final settlement. If, for argument's sake, they accept an offer of 60%, that means whoever wishes to buy the club will have to raise £2.46m to pay off that debt. It's possible that they may need to find another £1m or so to act as working capital while season ticket sales are carried out (the money initially gets ring-fenced for the mortgage payment) but in theory, now there's been a clean sweep, optimism among the fanbase will rise and fans will return, which will make the club self-sustainable once more. Link to comment Share on other sites More sharing options...
BadgerBadger Posted 7 April, 2009 Share Posted 7 April, 2009 Rest easy Mars it'll never happen - they'll be no better time to buy a football club than in these financially troubled times and the peeps with the dosh and acumen know that hence the interest. Banks want hard cash so are willing to write a load of debt off, that's gotta be attractive - I'll trade 10 points for that any day and look forward to entertaining the happy chappies at Southend next season. The Phoenix will rise from the flames once again - muhahahahahahah!! Out of interest Nick Illingsworth or Rupert? Link to comment Share on other sites More sharing options...
SaintRobbie Posted 7 April, 2009 Share Posted 7 April, 2009 Its in the echo today and Nick Illingsworth has stated that they would have to be the last resort. Can't see the harm in that. Agreed. I think the comment about the Trust is a little strong as all Nick is saying is that IF ALL ELSE FAILS the Trust would try and do something to keep the Club going. Mr Fry has stated there are 3 'serious' bids of the 19 or so offers - I don't think the Saints Trust is one of the 'serious' bids. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 7 April, 2009 Share Posted 7 April, 2009 I would disagree. £2.5m of our revenue this season has gone on paying off the overdraft. Were it not for said overdraft, the club would have an extra £2.5m in its coffers. The wage bill has been cut pretty much in half - we're now running at about 50% of turnover, which is a perfectly stable amount. The only other liabilities are in the stadium mortgage, which is comfortably covered by season ticket sales. It's been suggested that Barclays would settle for a reasonable percentage of their debt as a full and final settlement. If, for argument's sake, they accept an offer of 60%, that means whoever wishes to buy the club will have to raise £2.46m to pay off that debt. It's possible that they may need to find another £1m or so to act as working capital while season ticket sales are carried out (the money initially gets ring-fenced for the mortgage payment) but in theory, now there's been a clean sweep, optimism among the fanbase will rise and fans will return, which will make the club self-sustainable once more. Possibly having so much debt written off is IMO the reason for so many interested parties. Mark Fry has quite a job to evaluate each group and what they have to offer, which maybe complicated with any decision from the FL today. Link to comment Share on other sites More sharing options...
strummer Posted 7 April, 2009 Share Posted 7 April, 2009 I would disagree. £2.5m of our revenue this season has gone on paying off the overdraft. Were it not for said overdraft, the club would have an extra £2.5m in its coffers. The wage bill has been cut pretty much in half - we're now running at about 50% of turnover, which is a perfectly stable amount. The only other liabilities are in the stadium mortgage, which is comfortably covered by season ticket sales. It's been suggested that Barclays would settle for a reasonable percentage of their debt as a full and final settlement. If, for argument's sake, they accept an offer of 60%, that means whoever wishes to buy the club will have to raise £2.46m to pay off that debt. It's possible that they may need to find another £1m or so to act as working capital while season ticket sales are carried out (the money initially gets ring-fenced for the mortgage payment) but in theory, now there's been a clean sweep, optimism among the fanbase will rise and fans will return, which will make the club self-sustainable once more. So, so far that's £3.5 million which needs to be raised to buy a break-even football club with a poor squad of players. Where's the ROI? Link to comment Share on other sites More sharing options...
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