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Not happening, is it ???


alpine_saint

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We have a great stadium, and potentialy a great fan base, yet 2 weeks after administration is called, the only likely buyer of a club asset is the f**king council.

 

Is this adminstrator doing his f**king job properly ?

 

A 'potentialy' (sic) great fan base that spends all day long *****ing and sniping on here. No wonder we are flooded with offers... :rolleyes::rolleyes::rolleyes:

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One point I'd make Alps is about TIME....

 

"Assuming" that some people in the past "may" have looked to buy the club, they will have approached in their own time - ie, if a consortium, they would have had their act together as a group, some form of contractual agreements, who would do what etc and how much they would put in, would all have been done prior to rolling up to kick the tyres.

 

One of the biggest issues those groups would have faced would have been "The Cash". They may well all be billionaires, but they would never have had 30mil hanging around in their current accounts. They would have needed to either sell other assets or "leverage" them - ie get a loan. In the "old days" that was quite easy.....

 

Fast forward to now

 

The TIMING is set by the Administrator. This means that possible bidders have to get their act together before they can walk in. One example is a consortium say of 3 people - what name do they use? Do they have a legal entity such as a Ltd Company. have they got their internal agreements together? All of that takes time and burns lawyers fees.

So once they have dropped their other work (they're successful businessmen so have businesses to run) they then have to get down to SMS, sign NDA's and somehow prove funds.

Now in today's world, the "asset leverage" is a different game, they may have 30 mil available to spend, but the Administrator needs FUNDS proven, not assets (as eg SLH had 30 mil of "assets" it could have proven).....

They can contact the administrator to ask for an NDA & no doubt some facts nad figures (seems like anyone can do that), but they still have work to do.

 

So they actually have to set up their group legally, set up the "beneficial owner", find a way to get 15/20 mil into their bank account and bingo sign.

 

What actually worries ME, is not that nothing is happening, it is that people are hinting on here that a consortium "is going well" or that "the council is considering buying SMS"... To me I don't see how they could have got their act together so quickly, which leads me to think they were "almost ready" before admin happened...

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Alpine - you must live one very sad existence. All you can ever do is snipe, moan, whinge and make sweeping assumptions about which you have not a clue.

 

May I suggest you start enjoying life - it ain't a rehearsal and you only get one chance at it.

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We have a great stadium, and potentialy a great fan base, yet 2 weeks after administration is called, the only likely buyer of a club asset is the f**king council.

 

Is this adminstrator doing his f**king job properly ?

 

At least you have someone new to moan about. Moron.

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Nothing is happening. Lots of enquiries but everybody is sitting on the fence and waiting.

I have it on the highest authority that unless 400k is raised by the Burnley game then we will not play that match, and the club will go to the wall.

A big celebrity kick about is being arranged at St Mary's (the end of next week I believe, announcement imminent) in a desperate attempt to raise funds and get us through to the end of the season.

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Nothing is happening. Lots of enquiries but everybody is sitting on the fence and waiting.

I have it on the highest authority that unless 400k is raised by the Burnley game then we will not play that match, and the club will go to the wall.

A big celebrity kick about is being arranged at St Mary's (the end of next week I believe, announcement imminent) in a desperate attempt to raise funds and get us through to the end of the season.

 

And that, political positions on "bucket collections" aside, is THE single most worrying thing that has been posted on here since Admin was announced

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a championship club is obviously more attractive than a L1 club,i would imagine that this has something to do with it.

i would also imagine that the nutters,tyre kickers and 'fans consortiums' have to be seperated from the serious potential buyers,out of those 34 applicants i can only see about 10% being able to put their money where their mouth is and if the council is one of them then taking it from personal experience it will be a long drawn out process as they employ far too many chiefs and not enough indians.

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Nothing is happening. Lots of enquiries but everybody is sitting on the fence and waiting.

I have it on the highest authority that unless 400k is raised by the Burnley game then we will not play that match, and the club will go to the wall.

A big celebrity kick about is being arranged at St Mary's (the end of next week I believe, announcement imminent) in a desperate attempt to raise funds and get us through to the end of the season.

 

Another ITK :rolleyes:

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Nothing is happening. Lots of enquiries but everybody is sitting on the fence and waiting.

I have it on the highest authority that unless 400k is raised by the Burnley game then we will not play that match, and the club will go to the wall.

A big celebrity kick about is being arranged at St Mary's (the end of next week I believe, announcement imminent) in a desperate attempt to raise funds and get us through to the end of the season.

 

I don't speak to God, but on South Today last night, Roger Johnson said the match was definitely going to happen. Not saying he is right and I am hoping that you are wrong. As for takeovers - the fact that we are hearing nothing does not surprise me - if you were heading up a takeover bid, would you broadcast it to the world before the deal was struck and risk losing it?

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We have a great stadium, and potentialy a great fan base, yet 2 weeks after administration is called, the only likely buyer of a club asset is the f**king council.

 

Is this adminstrator doing his f**king job properly ?

 

Actually, the council are the only interested party that has discussed their intentions in public. I'm not even sure whether they've approached the administrator with an offer. As far as I can tell, they've had to at least discuss the issue so they can respond to the Echo which keeps trying to set an agenda.

 

The other parties are remaining remarkably quiet. Whether they've had to sign non-disclosure agreements or the bidders are being discrete is up for debate. I'm sure some of the less serious bidders would be embarassed should their bids be disclosed.

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Nothing is happening. Lots of enquiries but everybody is sitting on the fence and waiting.

I have it on the highest authority that unless 400k is raised by the Burnley game then we will not play that match, and the club will go to the wall.

A big celebrity kick about is being arranged at St Mary's (the end of next week I believe, announcement imminent) in a desperate attempt to raise funds and get us through to the end of the season.

 

Mark Fry stated yesterday that the Burnley is garunteed to go ahead. What high authority!

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Mark Fry has about 34-36 people to speak to, so I see things going on for at least another 2-3 weeks.

 

 

You are wrong I'm afraid. MF had 34-36 interested parties - that's persons or groups that expressed an interest and got sent information packs. That does not mean all of those parties then went on to express further interest and indeed offered up sufficient evidence of funds etc. To the best of my knowledge that information has not been released by MF and there may be a good reason for that.

 

So in short, I would expect a fraction - perhaps around 5 - representing serious bidders. I would expect initial discussions to have taken place already with all of these. So, my thoughts are that whoever is in the running is not going to shell out until end of season and the clubs league status is known. What that means in turn is the sword of Damacles will be hanging over the club until the end of May. :(

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We have a great stadium, and potentialy a great fan base, yet 2 weeks after administration is called, the only likely buyer of a club asset is the f**king council.

 

Is this adminstrator doing his f**king job properly ?

 

 

How do you know? Or this just becuase noone from the club has called you to tell you there are interested parties?

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We have a great stadium, and potentialy a great fan base, yet 2 weeks after administration is called, the only likely buyer of a club asset is the f**king council.

 

Is this adminstrator doing his f**king job properly ?

 

You really are a miserable git

 

You wanted administration you have now got it and are still whingeing

 

Get a life

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You are wrong I'm afraid. MF had 34-36 interested parties - that's persons or groups that expressed an interest and got sent information packs. That does not mean all of those parties then went on to express further interest and indeed offered up sufficient evidence of funds etc. To the best of my knowledge that information has not been released by MF and there may be a good reason for that.

 

So in short, I would expect a fraction - perhaps around 5 - representing serious bidders. I would expect initial discussions to have taken place already with all of these. So, my thoughts are that whoever is in the running is not going to shell out until end of season and the clubs league status is known. What that means in turn is the sword of Damacles will be hanging over the club until the end of May. :(

 

That seems a fair statement, but the question is, of course, if the club can last that long ?

 

Surely it is not in the interest of a new owner to take the club to the very edge of liquidation, and risk an even bigger points deduction ?

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No one will commit to a bid until they know a) our points status and b) our league status. Also a lot will depend on this saturdays result and next saturdays attendance. As the Burnley game is the last home game of the season, that has to generate enough cash for the club to survive the season, otherwise the administrator will just fold it up. Time and circumstances are definitely against us.

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We have a great stadium, and potentialy a great fan base, yet 2 weeks after administration is called, the only likely buyer of a club asset is the f**king council.

 

Is this adminstrator doing his f**king job properly ?

 

I thought you said administration was the best thing that could happen to the club? You're not now getting nervous about us going into liquidation are you?

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I thought you said administration was the best thing that could happen to the club? You're not now getting nervous about us going into liquidation are you?

 

I still think there is more hope for a decent long-term future for the club now, but I admit am starting to suffer from impatience and frayed nerves.

 

And just to let you know - I didnt think it was the "best thing that could happen", so grow up a bit.

 

I didnt bring SFC to this point - Lowe and Wilde did.

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No one will commit to a bid until they know a) our points status and b) our league status. Also a lot will depend on this saturdays result and next saturdays attendance. As the Burnley game is the last home game of the season, that has to generate enough cash for the club to survive the season, otherwise the administrator will just fold it up. Time and circumstances are definitely against us.

 

The issue is also that once the bulk of the money from ticket sales for the Burnley game has been banked, then unless Season Tickets are sold, the club will have virtually no more income until July. Yet it will still have to pay player salaries, employee salaries, taxes, VAT, Utility Bills etc...

 

So while we may complete our fixtures, IF the FL take time to make their decision even IF we stay up and there are appeals and court proceedings, any potential buyer may hold back, and of course we will cease to exist. I cannot see anyway that we could survive until we could earn money next season IF we cannot sell ST's. Likewise I cannot see many people parting with money for ST's until they know our future and who will own us...

 

 

A catch-22 situation is looming that FL non-decision could prove fatal

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The issue is also that once the bulk of the money from ticket sales for the Burnley game has been banked, then unless Season Tickets are sold, the club will have virtually no more income until July. Yet it will still have to pay player salaries, employee salaries, taxes, VAT, Utility Bills etc...

 

So while we may complete our fixtures, IF the FL take time to make their decision even IF we stay up and there are appeals and court proceedings, any potential buyer may hold back, and of course we will cease to exist. I cannot see anyway that we could survive until we could earn money next season IF we cannot sell ST's. Likewise I cannot see many people parting with money for ST's until they know our future and who will own us...

 

 

A catch-22 situation is looming that FL non-decision could prove fatal

 

 

Being in Administration is not that good is it?

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You are wrong I'm afraid. MF had 34-36 interested parties - that's persons or groups that expressed an interest and got sent information packs. That does not mean all of those parties then went on to express further interest and indeed offered up sufficient evidence of funds etc. To the best of my knowledge that information has not been released by MF and there may be a good reason for that.

 

So in short, I would expect a fraction - perhaps around 5 - representing serious bidders. I would expect initial discussions to have taken place already with all of these. So, my thoughts are that whoever is in the running is not going to shell out until end of season and the clubs league status is known. What that means in turn is the sword of Damacles will be hanging over the club until the end of May. :(

 

 

How much is it costing to release all these information packs ?

Why have they not demanded a fee for these information packs on the promise that they will be refunded if proof of enquiry was genuine.

This would eliminate a lot of time wasters.

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He's talking about FL indecision, not administration, and you bloody know it.

 

He is talking about both...

 

As per my reply to the OP. Being in Admin means that matters are no longer in your own hands and the clock can work against a rescue.

 

The RISK element increases greatly (as you allude to with your worry) That is why some including myself worried about the concept of going into Admin. The dangers are very real that we will go out of business.

 

The FL indecision could destroy us as it obviously impacts on the "value" of the club for any buyer where we play next season

 

But at the same time because we are in Administration, no creditor is likely to "lend" us any more money

because of the nature of the FL regs and player contracts we cannot simply make high earners redundant - we have to keep paying them - there is some stuff that the PFA could do to help but...

 

We don't have the 500k or so to pay the players wages each month ESPECIALLY when we have no football matches over the summer.

 

No decision by FL impacts the price the administrator can get for the club which affects whether the creditors THINK they can get more by having a closing down auction, and the BESt way of getting cash to keep going over the summer - Season tickets - Who's gonna shell out 300 quid when the club could

1) Still go bust

2) Be bought by Lowe for a pound at auction

3) May be in L1 or CCC or even kicked out completely.

 

I've been worried since day one and nothing I see makes it any better

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Mark Fry has about 34-36 people to speak to, so I see things going on for at least another 2-3 weeks.

 

7-8 working hours a day, say one hour on average to interview each prospective bidder, obviously the Tyre Kickers will be weeded out in 10mins.

 

So that's 5 days tops if he puts his mind to it..

 

I can imagine some sort of X-Factor type audition for the buyers at SMS.

 

Turn up and get your 'audition' in the order you turned up.

 

Panel consisting of Mark Fry, Lawrie Mac, Mary Corbett and Leon.

 

3 people say yes and your through to Takeover BootCamp!!

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He is talking about both...

 

As per my reply to the OP. Being in Admin means that matters are no longer in your own hands and the clock can work against a rescue.

 

The RISK element increases greatly (as you allude to with your worry) That is why some including myself worried about the concept of going into Admin. The dangers are very real that we will go out of business.

 

The FL indecision could destroy us as it obviously impacts on the "value" of the club for any buyer where we play next season

 

But at the same time because we are in Administration, no creditor is likely to "lend" us any more money

because of the nature of the FL regs and player contracts we cannot simply make high earners redundant - we have to keep paying them - there is some stuff that the PFA could do to help but...

 

We don't have the 500k or so to pay the players wages each month ESPECIALLY when we have no football matches over the summer.

 

No decision by FL impacts the price the administrator can get for the club which affects whether the creditors THINK they can get more by having a closing down auction, and the BESt way of getting cash to keep going over the summer - Season tickets - Who's gonna shell out 300 quid when the club could

1) Still go bust

2) Be bought by Lowe for a pound at auction

3) May be in L1 or CCC or even kicked out completely.

 

I've been worried since day one and nothing I see makes it any better

 

 

You tell me how adminstration was avoidable under the unpopularity and shiit football of the previous regime...

 

Simply put, the course we took from the start of this season precluded us ending up here..

 

I wonder how different things would have been under Crouch and Pearson

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He is talking about both...

 

As per my reply to the OP. Being in Admin means that matters are no longer in your own hands and the clock can work against a rescue.

 

The RISK element increases greatly (as you allude to with your worry) That is why some including myself worried about the concept of going into Admin. The dangers are very real that we will go out of business.

 

The FL indecision could destroy us as it obviously impacts on the "value" of the club for any buyer where we play next season

 

But at the same time because we are in Administration, no creditor is likely to "lend" us any more money

because of the nature of the FL regs and player contracts we cannot simply make high earners redundant - we have to keep paying them - there is some stuff that the PFA could do to help but...

 

We don't have the 500k or so to pay the players wages each month ESPECIALLY when we have no football matches over the summer.

 

No decision by FL impacts the price the administrator can get for the club which affects whether the creditors THINK they can get more by having a closing down auction, and the BESt way of getting cash to keep going over the summer - Season tickets - Who's gonna shell out 300 quid when the club could

1) Still go bust

2) Be bought by Lowe for a pound at auction

3) May be in L1 or CCC or even kicked out completely.

 

I've been worried since day one and nothing I see makes it any better

 

Yes I agree with you but the PFA often pay players wages in these situations

 

 

Still not good but I would have thought anybody making a realistic bid would

 

be giving the Administrator Options on

 

 

1 Which League SFC would be playing in next season

 

2 How many points if any the club would de deducted next season.

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7-8 working hours a day, say one hour on average to interview each prospective bidder, obviously the Tyre Kickers will be weeded out in 10mins.

 

I would hope that a professional like Mr Fry would be putting it a few more that 7-8 hours per day on the Administration and potential buyout of Football Club!

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Someone will come in and buy us Alpine, don't worry. We're OK until the Burnley game, the Administrator is taking as much time as he can to get the best deal. Obviously the asking price will be altered by what division we are in next year, another reason for the delay.

 

I bet you were one of those who thought we would all be wiped out by bird flu a couple of years ago, or by a nuclear bomb in the 1980s.

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Although I'm as fustrated as most on here about about the apparent lack of progress on the buyer front, it has to be remember that it is in neither the Administrators nor any buyers interest to let us know a deal is imminant, and curtail the gifts of funds and the extra ticket sales our plight generates.

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I have it on the highest authority that unless 400k is raised by the Burnley game then we will not play that match, and the club will go to the wall.

 

I just think we will be pulling out all the stops to complete our fixtures, otherwise our value as an entity would fall massively with regards what the administrator could hope to pull in.

 

I'm not saying things aren't dodgy, as I too reckon we are hanging on by a thread, juust think our D-Day will be a few days after the Forest game (or at the time of the League's decision if it's bad news).

 

The issue is also that once the bulk of the money from ticket sales for the Burnley game has been banked, then unless Season Tickets are sold, the club will have virtually no more income until July. Yet it will still have to pay player salaries, employee salaries, taxes, VAT, Utility Bills etc...

 

And carrying on from the above reply I have to say this is a massive worry. A period where our fixed costs have to be maintained, yet a period where we have no income coming in.

 

Unless someone makes a move and agrees to fund us in the interim to a deal being completed, then I just struggle to see how we stay alive over the summer.

 

And the season ticket issue is just a nightmare situation. On one hand these funds could tide us over and I could imagine that many could use it as a rallying point to show their support for the Club, but would people buy a season ticket knowing that there is a risk it might not be honoured????????

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I just think we will be pulling out all the stops to complete our fixtures, otherwise our value as an entity would fall massively with regards what the administrator could hope to pull in.

 

I'm not saying things aren't dodgy, as I too reckon we are hanging on by a thread, juust think our D-Day will be a few days after the Forest game (or at the time of the League's decision if it's bad news).

 

 

 

And carrying on from the above reply I have to say this is a massive worry. A period where our fixed costs have to be maintained, yet a period where we have no income coming in.

 

Unless someone makes a move and agrees to fund us in the interim to a deal being completed, then I just struggle to see how we stay alive over the summer.

 

And the season ticket issue is just a nightmare situation. On one hand these funds could tide us over and I could imagine that many could use it as a rallying point to show their support for the Club, but would people buy a season ticket knowing that there is a risk it might not be honoured????????

 

Sell Players at knock down prices? Dyer

 

When does the window start.

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