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Club could fold next week


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Listened to Richard Chorley on Radio Hampshire on the way home and I'm sure he said that unless the club received a major cash injection it could fold by this time next week. Is that correct?

 

Wouldn't doubt it, we have no money and Saturday is our last chance to get any. Salaries due next week so we'd need upwards of 500K just for that I'd guess,let alone paying bills and stuff. Looks like we're stalling over Dyer again (Swansea must be offering to pay in beer mats and bottle tops I suppose).

So no money.

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Listened to Richard Chorley on Radio Hampshire on the way home and I'm sure he said that unless the club received a major cash injection it could fold by this time next week. Is that correct?

 

They didn't want to play the celebrity match on the 27th, and made it the 17th May. They would hardly have done that if they were going out of business.

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Chorley said that Crouch called him and told him the `real situation'. He suggested that Fry wasn't revealing the full extent of the financial problem because he didn't want it to effect the Leagues decision about docking 10 points. I couldn't see the connection myself but there you go.

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Chorley said that Crouch called him and told him the `real situation'. He suggested that Fry wasn't revealing the full extent of the financial problem because he didn't want it to effect the Leagues decision about docking 10 points. I couldn't see the connection myself but there you go.

 

The FL accountants can't be very forensic if they're not expected to see a gaping hole in the club's finances that hasn't been revealed to them though.

 

I have always been optimistic about Saints, 1999,last year,early on this year, but this time I think we're screwed and that what we see and think we know is just the tip of an iceberg.

I think fans have shown themselves far too fickle to impress investors, Man U fans didn't like the idea of the Glaziers but they still filled OT from day 1.

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Chorley said that Crouch called him and told him the `real situation'. ....

 

Why would Crouch confide in Chorley ?

 

Without having a dig at Crouch -who has previously put his hand in his pocket- there were many accounts that he was prepared to put £2m into the club earlier in the year(subject to MW & RL doing likewise if I remember).If so,is there not a chance that he might not provide a quarter of that sum now as a cash injection?

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Chorley said that Crouch called him and told him the `real situation'. He suggested that Fry wasn't revealing the full extent of the financial problem because he didn't want it to effect the Leagues decision about docking 10 points. I couldn't see the connection myself but there you go.

 

As much as I do not rubbish everything Richard Chorley says, like some do, you would have to say that if Crouch did ring him and tell him that then it was either a gross error of judgement thinking he would keep it to himself or he has done it with a motive in mind !

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As much as I do not rubbish everything Richard Chorley says, like some do, you would have to say that if Crouch did ring him and tell him that then it was either a gross error of judgement thinking he would keep it to himself or he has done it with a motive in mind !

 

If RC did indeed say that I think you can assume it to be factual.Perhaps a little embroidered but basically correct.

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Why would Crouch confide in Chorley ?

 

Without having a dig at Crouch -who has previously put his hand in his pocket- there were many accounts that he was prepared to put £2m into the club earlier in the year(subject to MW & RL doing likewise if I remember).If so,is there not a chance that he might not provide a quarter of that sum now as a cash injection?

 

If Crouch knows 'the real situation' and it really is that bad then why would he throw even more of his hard-earned straight down the toilet...he's already lost a small fortune.

 

Aint sounding good.

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Mark Fry stated clearly at the time of administration that he had 24 days to save the club....

 

A few people have been trying to make the point that without some cash the club will not exist long enough for any sale to be completed

 

But's it's ok nobody can be arsed to domate in case it is used pay Skacel's wages, but why worry, because the team that will be decimated and gone in 2 weeks time and play no part in our future will be gone, but they'll still have been paid, if not by SFC Ltd then by the PFA

 

Gang, we really truly are so used to spin and lies from SMS that we are not seeing the clear truth, we could be gone next week and we won't be coming back in most of our lifetimes

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How the hell would Crouch know?

And why would he call Richard Chorley anyway???

 

Well Crouch would know cos Crouch has attended meetings with Mr Fry......including one last Wednesday cos it was mentioned last Thursday at the evening with lawrie and matt !

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Mark Fry stated clearly at the time of administration that he had 24 days to save the club....

 

A few people have been trying to make the point that without some cash the club will not exist long enough for any sale to be completed

 

But's it's ok nobody can be arsed to domate in case it is used pay Skacel's wages, but why worry, because the team that will be decimated and gone in 2 weeks time and play no part in our future will be gone, but they'll still have been paid, if not by SFC Ltd then by the PFA

 

Gang, we really truly are so used to spin and lies from SMS that we are not seeing the clear truth, we could be gone next week and we won't be coming back in most of our lifetimes

 

We could disappear from the FL, I really think we could.

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Without having a dig at Crouch -who has previously put his hand in his pocket- there were many accounts that he was prepared to put £2m into the club earlier in the year(subject to MW & RL doing likewise if I remember).If so,is there not a chance that he might not provide a quarter of that sum now as a cash injection?

 

Or perhaps RL could show how much he still loves the club, supposedly, by giving back the £500,000 pay off he took when Wilde and Co. got rid of him in 2006.

 

Just the right amount to keep the club going for the meantime.

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Chorley also stated that there was some sort of major meeting involving all the main supporters groups, MPs etc. taking place tomorrow. Is this also correct? Quite surprised it has not been advertised previously. Actually why does Richard not post here?

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They didn't want to play the celebrity match on the 27th, and made it the 17th May. They would hardly have done that if they were going out of business.

 

At the Q & A meeting last thursday it was said that the administrator wanted someone to underwrite this EX saints stars game at St Marys. Basically the money is needed NOW the 17th of May is too late. So they want someone to stump up £600K RIGHT NOW ( 30.000 spectators at £20 per head ) and then they'd get their money back when the game is played. BUT as Lawrie said who is going to gamble £600k? If only 10.000 turned up to watch the game then the guy who put up the money only gets £200k of his cash back!!! I can't imagine there would be too many people willing to gamble £600k!!!

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Chorley said that Crouch called him and told him the `real situation'. He suggested that Fry wasn't revealing the full extent of the financial problem because he didn't want it to effect the Leagues decision about docking 10 points. I couldn't see the connection myself but there you go.

 

Why would Fry not reveal the true position? Surely to those who had signed a NDA he would have to disclose the true position, sure he may not want the truth in the public domain but if the situation is that bad then maybe thats where the 24 days came from?

 

I notice Darlington have had their administration extended, I read somewhere that the administrator said that they could extend up to 18 months although it wasn't desirable.

 

If Crouch (& hence Chorley) have gone against the wishes of the administrator, this cannot be for the best interests of club. So have Fry & Crouch just spun Chorley line (knowing he would blab to the press) so they try & maximise revenue from Saturdays game?

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So have Fry & Crouch just spun Chorley line (knowing he would blab to the press) so they try & maximise revenue from Saturdays game?

 

would they not have been better getting MLT to say we have one week to live rather than Richard Chorley?

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Listened to Richard Chorley on Radio Hampshire on the way home and I'm sure he said that unless the club received a major cash injection it could fold by this time next week. Is that correct?

 

 

Richard Chorley in self aggrandising ego feeding hyperbole shocker.

 

In other news, sources in Rome report the Pope confirming his absolute Catholicism-ology ness.

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But still no clear indication as to how much we need to keep going? No updates on how much has been raised to date? - Surely pledges or deposits on season tickets could at least buy us some time? i would like to know how Darlington have been in admin since February and have just been given an extension to find a new buyer and we are being told we have 24 days and the FL are dicking about having an investigation which is really helping us out - but looking at the latest scores i think we are defo down now.

 

We do need to act quick but we need Mr Fry to come out and make our exact position clear. Also does anyone know how we are doing on the ticket front for Saturday?

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It is getting really stressful now. Obviously we are down as Barnsley are winning.So any bidders can factor that in.If we have sold 18k tickets for saturday then with 11k ?s/ts the club will only have had cash in of 20x 5k and so about 100k. Not enough LC etc must know that and is trying to get more people in buying tickets.

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The league will not kick us out until after the Forest game.... Forest could stay up/go down based on their result against us.

 

Do you honestly think the a team that went down based on Forest being 'given' a 1-0 win as they could not play us would be happy with that?

 

Would cause far too much ****e.... the Football League will bail us out, even if it is to fulfil our last fixture.

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The FL accountants can't be very forensic if they're not expected to see a gaping hole in the club's finances that hasn't been revealed to them though.

 

I have always been optimistic about Saints, 1999,last year,early on this year, but this time I think we're screwed and that what we see and think we know is just the tip of an iceberg.

I think fans have shown themselves far too fickle to impress investors, Man U fans didn't like the idea of the Glaziers but they still filled OT from day 1.

 

Comparable scenario???

 

League Champions, Multiple European Champions and World Club Champions... give me a break...

 

When we were in the Premiership we sold 32k tickets every other week.

 

If we sold that many now, there would be no need for investment, the club would not be for sale and there would be no opportunity to make a return on my investment would there....

 

If I am thinking about buying SFC it's because I can make an improvement and increase income. It's called business turnaround.

 

If I am buying Manchester United it's because the business is already a screaming success.

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The league will not kick us out until after the Forest game.... Forest could stay up/go down based on their result against us.

 

Do you honestly think the a team that went down based on Forest being 'given' a 1-0 win as they could not play us would be happy with that?

 

Would cause far too much ****e.... the Football League will bail us out, even if it is to fulfil our last fixture.

 

I think that if we do go bust before the last game, all our results over the whole season are cancelled. Therefore, Forest would not only sacrifice their last game, but their away win at St Mary's would be void as well meaning they'd almost certainly go down as we've had decent results against Norwich and Barnsley.

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But still no clear indication as to how much we need to keep going? No updates on how much has been raised to date? - Surely pledges or deposits on season tickets could at least buy us some time? i would like to know how Darlington have been in admin since February and have just been given an extension to find a new buyer and we are being told we have 24 days and the FL are dicking about having an investigation which is really helping us out - but looking at the latest scores i think we are defo down now.

 

We do need to act quick but we need Mr Fry to come out and make our exact position clear. Also does anyone know how we are doing on the ticket front for Saturday?

 

 

I guess Darlington don't have our monstrous wage bill eh.Perhaps they don't owe money left right and centre and aren't trying to play the tricky dicky with the Football League. Our problem is our wage bill, it's above our revenue

every month, month in,month out.Plus all the ancillary crap, shops,marketing and what have you. Perhaps Umbro have asked us to pay for the shirts they sold us or something. When we made our own it probably cost far less.

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At the Q & A meeting last thursday it was said that the administrator wanted someone to underwrite this EX saints stars game at St Marys. Basically the money is needed NOW the 17th of May is too late. So they want someone to stump up £600K RIGHT NOW ( 30.000 spectators at £20 per head ) and then they'd get their money back when the game is played. BUT as Lawrie said who is going to gamble £600k? If only 10.000 turned up to watch the game then the guy who put up the money only gets £200k of his cash back!!! I can't imagine there would be too many people willing to gamble £600k!!!

 

I spoke to Lawrie after the game as my idea was to try and get an insurance company to under right the risk - I then followed this up on friday by speaking to Lloyds of London - and a few brokers. My idea is that for a smaller premium we could try to insure for £600k and maybe a local business would pay the premium without being liable for the £600 k - LM thought it was a good idea.

 

I spoke to equity and holmans who are brokers but they struggled to find someone - althought the chap at Lloyds said they would do it but only through a lloyds broker - He said it was an unusual request but not unheard of. The guy at Equity commercial in yeovil said it may be best to approach the clubs current insurers as they may be willing to under write as a gesture of goodwill against future business(he was an optimist) or go to the bank - In efect the risk is very slight - I am sure we can raise £500k from a legends v celebrity game. i did try and will continue to talk to people if someone can point me in the direction of the stadium insurers - It is not a n insurance but a financial gaurantee - anyway may phone the administratr tomorrow if I don't hear anything!..... Obviousily the administrator can then coun't this as good money as opposed to possible monies coming into the club and along with a bumper crowd on Saturday could keep the hounds baying!

Edited by ooohTerryHurlock
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I think that if we do go bust before the last game, all our results over the whole season are cancelled. Therefore, Forest would not only sacrifice their last game, but their away win at St Mary's would be void as well meaning they'd almost certainly go down as we've had decent results against Norwich and Barnsley.

 

Again, for the sake of one game, it could have a massive impact on the whole league, the football league will not let it happen..... I hope..... if common sense prevails.

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THIS IS NOT NEWS, it is why most of us have bought tickets to watch our worst ever team get relegated this weekend!!

 

Forget all the boll0x everyone,

 

just save the club by buying tickets even if you don't want to go.

 

I thought everyone had woken up to the state of the finances by now......but apparently not.

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At the Q & A meeting last thursday it was said that the administrator wanted someone to underwrite this EX saints stars game at St Marys. Basically the money is needed NOW the 17th of May is too late. So they want someone to stump up £600K RIGHT NOW ( 30.000 spectators at £20 per head ) and then they'd get their money back when the game is played. BUT as Lawrie said who is going to gamble £600k? If only 10.000 turned up to watch the game then the guy who put up the money only gets £200k of his cash back!!! I can't imagine there would be too many people willing to gamble £600k!!!

 

Dear Leon

 

We know you are an ardent Saints fan and are doing your bit to rally the troops to go the extra mile to help the club in their hour of need.

 

I have an exceptionally interesting business opportunity for you. On 17th May, SMS will hold a fund-raising match to gain some valuable funds to help keep the club going long enough for a buyer to complete their purchase. The club needs that cash NOW, so I propose a deal that a successful businessman like you cannot possibly ignore.

 

Our stadium holds 32,000 people, which at 20 pounds a ticket would raise 640,000 pounds. What I propose is that you could underwrite that event by making a pre-payment of 200,000 pounds, which would be secured against an attendance of only 10,000.

 

In return for your generosity, I would propose that when the match is eventually held, the Football Club would return you your investment (should we reach 10,000) and the share the profit from 10,000 to 20,000 spectators on a 67.30% to club 33.7% to you (after costs).

 

For the risk of your investment you could see a return of 66,700 pounds, which in these days of low interest rates represents a remarkable return.

 

For any amount over the 20,000 we would offer you 10% of the incremental profits.

 

With your legendary skills in calling for support, the success of the event can be guaranteed by your work in the media. In fact, I am sure that teh fans would even grant you the opportunity to match your erstwhile nemesis by granting you a few minutes of match time.

 

Leon, your club needs you, your money, and your viral internet marketing supporters. You know it makes sense, and this is a deal that is simply too good to turn down.

 

(Of course if things aren't so bad then obviously, please disregard this request)

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I guess Darlington don't have our monstrous wage bill eh.Perhaps they don't owe money left right and centre and aren't trying to play the tricky dicky with the Football League. Our problem is our wage bill, it's above our revenue

every month, month in,month out.Plus all the ancillary crap, shops,marketing and what have you. Perhaps Umbro have asked us to pay for the shirts they sold us or something. When we made our own it probably cost far less.

 

I guess Darlington don't have our monstrous wage bill eh.Perhaps they don't owe money left right and centre? So why the **** are they in admin then? Are their pies **** or something?

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Again, for the sake of one game, it could have a massive impact on the whole league, the football league will not let it happen..... I hope..... if common sense prevails.

 

Trouble is Stu we've tried to play the FL for a bunch of imbeciles.

They are no doubt saying, so you're not in admin(or the FC Ltd isn't) well pay your f*cking bills then. That wasn't very bright. The others come clean, we have to try and pull the wool over everybody's eyes as per usual.

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I spoke to Lawrie after the game as my idea was to try and get an insurance company to under right the risk - I then followed this up on friday by speaking to Lloyds of London - and a few brokers. My idea is that for a smaller premium we could try to insure for £600k and maybe a local business would pay the premium without being liable for the £600 k - LM thought it was a good idea.

 

I spoke to equity and holmans who are brokers but they struggled to find someone - althought the chap at Lloyds said they would do it but only through a lloyds broker - He said it was an unusual request but not unheard of. The guy at Equity commercial in yeovil said it may be best to approach the clubs current insurers as they may be willing to under write as a gesture of goodwill against future business(he was an optimist) or go to the bank - In efect the risk is very slight - I am sure we can raise £500k from a legends v celebrity game. i did try and will continue to talk to people if someone can point me in the direction of the stadium insurers - It is not a n insurance but a financial gaurantee - anyway may phone the administratr tomorrow if I don't hear anything!..... Obviousily the administrator can then coun't this as good money as opposed to possible monies coming into the club and along with a bumper crowd on Saturday could keep the hounds baying!

 

 

who the hell is going to underwrite anything connected to a company in administration?

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Trouble is Stu we've tried to play the FL for a bunch of imbeciles.

They are no doubt saying, so you're not in admin(or the FC Ltd isn't) well pay your f*cking bills then. That wasn't very bright. The others come clean, we have to try and pull the wool over everybody's eyes as per usual.

 

Which is another thing.... they are now going to go through our financial documents front to back, and if they find any sign of the slightest irregularity ( which they no doubt will ) , then we can look forward to starting next season on -17, maybe -20, maybe even -30.

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How can anyone take Chorley seriously ?

 

I tell you what Manji he talks more sense than you! He has been proven right, he told me in the Maple Leaf club back in about 1999 that this day would come, and I have to admit that I doubted him at the time.

 

He said on the radio tonight that the PLC was was designed to stop people coming in and taking over ( I think he was referring to the fragmented shareholdings ) The way that the shares were spread out made it difficult for people to come in and oust him and Askham etc, thus protecting their little empire!

 

He wants the Saints fans to WAKE UP and realise that ......

THIS IS FOR REAL!!!....................................SOUTHAMPTON FOOTBALL CLUB IS DAYS AWAY FROM EXTINCTION!!! It sounds as if there is NO DEAL IMMINENT! The club may not be around to play the Forest game on May 3rd!!!

 

He wants all supporters and businesses in Southampton to give what they can to the SOS appeal so that a last ditch bid by the supporters groups can be made to save the club.

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