Delmary Posted 29 April, 2009 Share Posted 29 April, 2009 http://news.bbc.co.uk/1/hi/england/hampshire/8024522.stm Written article and audio interview Link to comment Share on other sites More sharing options...
Soggy Bottom Posted 29 April, 2009 Share Posted 29 April, 2009 4 going through Due dilligence, interesting, other bidders dropped out as soon as we were relegated. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 29 April, 2009 Share Posted 29 April, 2009 http://news.bbc.co.uk/1/hi/england/hampshire/8024522.stm Written article and audio interview Mark Fry said there are four interested parties which he aims to encourage bids from in the next 10 days. Told you nothing would happen this week. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 29 April, 2009 Share Posted 29 April, 2009 At the end of the interview, he said within the next MONTH. I didn't think we could function that long without new money coming in? Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 29 April, 2009 Share Posted 29 April, 2009 I'm still very scared that nothing will happen, and we'll be left with no club. I hope to God this doesn't happen, but as every day goes past, the more worried I get. Link to comment Share on other sites More sharing options...
Redbul Posted 29 April, 2009 Share Posted 29 April, 2009 I'm still very scared that nothing will happen, and we'll be left with no club. I hope to God this doesn't happen, but as every day goes past, the more worried I get. ....and breathe..... I'm sure everything will be fine mate. Our league position wasn't a definite known until the FL, in their infinite wisdom, imposed the 10 point deduction. Now we know where we are, pricing the club is more straightforward. I'm convinced that there is money out there that realises what a potential gold mine this club could be with its pre-exsting infrastructure and fan base. If anything relegation makes it more attractive 'cos it'll be cheaper. Give it a month, we'll have cleared out all the suckers by then. Keep the faith... Link to comment Share on other sites More sharing options...
Window Cleaner Posted 29 April, 2009 Share Posted 29 April, 2009 I'm still very scared that nothing will happen, and we'll be left with no club. I hope to God this doesn't happen, but as every day goes past, the more worried I get. Depends how hardball the creditors are playing. Anything over 20 million for a League 1 club is difficult to envisage, yet we need rolling money and there are obviously substantial debts to pay off. I would have thought that this season's crowd figures would be a serious cold shower on anyone investing real money. Can't help thinking there must be something nasty in the woodshed that makes investors think twice. Link to comment Share on other sites More sharing options...
Wes Tender Posted 29 April, 2009 Share Posted 29 April, 2009 4 going through Due dilligence, interesting, other bidders dropped out as soon as we were relegated. Maybe, or perhaps they were just tyre-kickers and therefore eliminated by Fry as non-starters. There are some upsides to the relegation in that the club will be cheaper to buy and less expenditure required to get us back up to the CCC level we had. Although it is unlikely without a large input of funds, it is still possible to get back to the Premiership in two seasons with the right manager and players in place. Once that is achieved, we would be a decent proposition, with a good stadium, good infrastructure and catchment area. It's arguable as to whether we are a worse or a better proposition a division lower. It depends on who buys us and what their ambitions are, how much they're worth and whether they're in for the short, medium, or long term. Link to comment Share on other sites More sharing options...
saints_is_the_south Posted 29 April, 2009 Share Posted 29 April, 2009 I'm still very scared that nothing will happen, and we'll be left with no club. I hope to God this doesn't happen, but as every day goes past, the more worried I get. +1, said the same to a mate last night. Link to comment Share on other sites More sharing options...
sotonist Posted 29 April, 2009 Share Posted 29 April, 2009 Depends how hardball the creditors are playing. Anything over 20 million for a League 1 club is difficult to envisage, yet we need rolling money and there are obviously substantial debts to pay off. I would have thought that this season's crowd figures would be a serious cold shower on anyone investing real money. Can't help thinking there must be something nasty in the woodshed that makes investors think twice. I think you're in cloud cuckoo land if you think anyone is going to pay more than 5-10m for a league one club. Link to comment Share on other sites More sharing options...
eurosaint Posted 29 April, 2009 Share Posted 29 April, 2009 Maybe, or perhaps they were just tyre-kickers and therefore eliminated by Fry as non-starters. There are some upsides to the relegation in that the club will be cheaper to buy and less expenditure required to get us back up to the CCC level we had. Although it is unlikely without a large input of funds, it is still possible to get back to the Premiership in two seasons with the right manager and players in place. Once that is achieved, we would be a decent proposition, with a good stadium, good infrastructure and catchment area. It's arguable as to whether we are a worse or a better proposition a division lower. It depends on who buys us and what their ambitions are, how much they're worth and whether they're in for the short, medium, or long term. Pretty much agree with all of that but am a little concerned about having 4 interested parties. In essence an auction could drive the buying price up, meaning less to spend on the team thereafter. If there was only one party then they could probably dictate the price and move on quickly to rebuid the squad !! Link to comment Share on other sites More sharing options...
SaintDonkey Posted 29 April, 2009 Share Posted 29 April, 2009 At the end of the interview, he said within the next MONTH. I didn't think we could function that long without new money coming in? To be fair the 'month' timescale came from the interviewer. He then just used that timescale in his reply. I'm going to be very very worried if we don't here anything in the next week. What am I saying - I'm already very very worried. Maybe 'very very very very worried'. Link to comment Share on other sites More sharing options...
Scudamore Posted 29 April, 2009 Share Posted 29 April, 2009 http://news.bbc.co.uk/1/hi/england/hampshire/8024522.stm Written article and audio interview Should get Alpine swooning... Link to comment Share on other sites More sharing options...
Wes Tender Posted 29 April, 2009 Share Posted 29 April, 2009 Pretty much agree with all of that but am a little concerned about having 4 interested parties. In essence an auction could drive the buying price up, meaning less to spend on the team thereafter. If there was only one party then they could probably dictate the price and move on quickly to rebuid the squad !! How about the possibility that a couple of the interested consortia / individuals are introduced to each other to combine their bids? It's not inconceivable. Link to comment Share on other sites More sharing options...
a1ex2001 Posted 29 April, 2009 Share Posted 29 April, 2009 I think you're in cloud cuckoo land if you think anyone is going to pay more than 5-10m for a league one club. Which is about what it would cost to pay off the short term debt, the buyers do not need 20-30 million because they don't need to pay off the stadium out right on day one they just need to come to an agreement with AVIVA to take over the mortgage either on the existing or new mutually beneficial terms. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 29 April, 2009 Share Posted 29 April, 2009 I think you're in cloud cuckoo land if you think anyone is going to pay more than 5-10m for a league one club. that's the problem, that figure won't be acceptable enough to the creditors. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 29 April, 2009 Share Posted 29 April, 2009 How about the possibility that a couple of the interested consortia / individuals are introduced to each other to combine their bids? It's not inconceivable. Someone mentioned that that might already be happening. Link to comment Share on other sites More sharing options...
bridge too far Posted 29 April, 2009 Share Posted 29 April, 2009 How about the possibility that a couple of the interested consortia / individuals are introduced to each other to combine their bids? It's not inconceivable. Hasn't there already been some talk of this? Link to comment Share on other sites More sharing options...
Doctoroncall Posted 29 April, 2009 Share Posted 29 April, 2009 that's the problem, that figure won't be acceptable enough to the creditors. and get the alternative which is nothing? Link to comment Share on other sites More sharing options...
NickG Posted 29 April, 2009 Share Posted 29 April, 2009 Hasn't there already been some talk of this? only guessing on here - think it was morph but he has conceded he knows nothing of any current parties nor who will buy. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 29 April, 2009 Share Posted 29 April, 2009 only guessing on here - think it was morph but he has conceded he knows nothing of any current parties nor who will buy. Morph hinted at it, as did FF. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 29 April, 2009 Share Posted 29 April, 2009 Morph hinted at it, as did FF. Must be true then Link to comment Share on other sites More sharing options...
DaintyDave Posted 29 April, 2009 Share Posted 29 April, 2009 Alternative for creditors isn't nothing though, is it, alternative is we sell ground, players, furniture, Jackson's, Staplewood, all that equipment up there, and they get paid out of the proceeds. Also, someone needs to explain the "gold mine" that is Saints to me from a business perspective. We never made a profit (except for selling players) in the Prem with the TV money and gate receipts and sponsorships etc that came with it, so someone explain the "goldmine" that is a club starting at -10 pts in League One (have to be more likely to spent 10/11 in League Two than the Championship) with gates likely to be 10,000 or so at lower ticket prices. Our present manager has zero experience of the league, nor do 90% of the squad, the league will contain at least 3 big name teams so promotion by no means guaranteed.........not trying to say it is not worth something, but where is the goldmine? In the best of times when we were in the Prem the return would not merit the investment........ I guess we are going to get an owner "looking to get in to the Prem in 5 - 7 years" for their return on investment......so line us up alongside the owners of every Championship club plus Leeds, Bradford, and half the rest of League One. Link to comment Share on other sites More sharing options...
Wes Tender Posted 29 April, 2009 Share Posted 29 April, 2009 Hasn't there already been some talk of this? I hadn't seen it myself, but will look out for it. IMO this would not be a bad thing provided that we don't get the conflict of egos that we had under the various groupings that we have been associated with before. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 29 April, 2009 Share Posted 29 April, 2009 that's the problem, that figure won't be acceptable enough to the creditors. I think that the creditors already have a figure in mind below which they will not be prepared to negotiate. Somehow I think they will be pragmatic and accept a small, reasonable amount rather than nothing? Link to comment Share on other sites More sharing options...
bridge too far Posted 29 April, 2009 Share Posted 29 April, 2009 I hadn't seen it myself, but will look out for it. IMO this would not be a bad thing provided that we don't get the conflict of egos that we had under the various groupings that we have been associated with before. Here: http://www.saintsweb.co.uk/forum/showthread.php?p=274493&highlight=combined#post274493 Link to comment Share on other sites More sharing options...
docker-p Posted 29 April, 2009 Share Posted 29 April, 2009 Alternative for creditors isn't nothing though, is it, alternative is we sell ground, players, furniture, Jackson's, Staplewood, all that equipment up there, and they get paid out of the proceeds. Also, someone needs to explain the "gold mine" that is Saints to me from a business perspective. We never made a profit (except for selling players) in the Prem with the TV money and gate receipts and sponsorships etc that came with it, so someone explain the "goldmine" that is a club starting at -10 pts in League One (have to be more likely to spent 10/11 in League Two than the Championship) with gates likely to be 10,000 or so at lower ticket prices. Our present manager has zero experience of the league, nor do 90% of the squad, the league will contain at least 3 big name teams so promotion by no means guaranteed.........not trying to say it is not worth something, but where is the goldmine? In the best of times when we were in the Prem the return would not merit the investment........ I guess we are going to get an owner "looking to get in to the Prem in 5 - 7 years" for their return on investment......so line us up alongside the owners of every Championship club plus Leeds, Bradford, and half the rest of League One. You forget we have a modern 32k stadium capable of generating funds beyond football. If the rumours are to be believed this is available for as little as £7-8m. Most Chapionship and league One/Two clubs can only dream of that and would have to pay £40m to build it. This alone makes us very attractive. Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 29 April, 2009 Share Posted 29 April, 2009 Alternative for creditors isn't nothing though, is it, alternative is we sell ground, players, furniture, Jackson's, Staplewood, all that equipment up there, and they get paid out of the proceeds. Also, someone needs to explain the "gold mine" that is Saints to me from a business perspective. We never made a profit (except for selling players) in the Prem with the TV money and gate receipts and sponsorships etc that came with it, so someone explain the "goldmine" that is a club starting at -10 pts in League One (have to be more likely to spent 10/11 in League Two than the Championship) with gates likely to be 10,000 or so at lower ticket prices. Our present manager has zero experience of the league, nor do 90% of the squad, the league will contain at least 3 big name teams so promotion by no means guaranteed.........not trying to say it is not worth something, but where is the goldmine? In the best of times when we were in the Prem the return would not merit the investment........ I guess we are going to get an owner "looking to get in to the Prem in 5 - 7 years" for their return on investment......so line us up alongside the owners of every Championship club plus Leeds, Bradford, and half the rest of League One. You just hit the nail on the head with regards to the problems of football finance. There simply is no way to make a profit - other than to buy low and sell high. If you want investors that will be their plan; buy it, grow it, sell it. But long term will it ever pay back it's ultimate owners? NO!!! Link to comment Share on other sites More sharing options...
Tac-tics Posted 29 April, 2009 Share Posted 29 April, 2009 I want this man involed with this club after any possible takeover Link to comment Share on other sites More sharing options...
NickG Posted 29 April, 2009 Share Posted 29 April, 2009 4 at latter stage of due diligence - sounds like time for serious negotiations/offers! Link to comment Share on other sites More sharing options...
Doctoroncall Posted 29 April, 2009 Share Posted 29 April, 2009 You forget we have a modern 32k stadium capable of generating funds beyond football. If the rumours are to be believed this is available for as little as £7-8m. Most Chapionship and league One/Two clubs can only dream of that and would have to pay £40m to build it. This alone makes us very attractive. Like Darlington with their 25k stadium were it is more of a millstone than a gemstone? Link to comment Share on other sites More sharing options...
Rattlehead Posted 29 April, 2009 Share Posted 29 April, 2009 You forget we have a modern 32k stadium capable of generating funds beyond football. If the rumours are to be believed this is available for as little as £7-8m. Most Chapionship and league One/Two clubs can only dream of that and would have to pay £40m to build it. This alone makes us very attractive. So we can put the stadium back into it's flat pack box and sell it for £7m to £8m to any other club that can't afford £40m and has red in their kit? Problem solved. Link to comment Share on other sites More sharing options...
DaintyDave Posted 29 April, 2009 Share Posted 29 April, 2009 Ah, the stadium, yes I remember, that certainly saved us from any financial perils. I mean, when we used to be at the Dell we were in admin every year, but since we got our shiny new 32,000-seater stadium, why the money has just flowed in. No need to sell players since we've been at St. Mary's. It's not a goldmine, it's a bottomless pit, so at best we'll get a new owner with dreams of rubbing shoulders with Abramovich and the Yanks, three years in he'll be out a small fortune in cash and will realise there were 25 other dreamers with a more realistic shot at getting to the Prem. At worst, the reality will kick in when they see that as sole owner, it is going to cost at least 300k a month on an ongoing basis to own this thing, and no-one will bid and we'll all be starting FC Southampton in the BSP which personally I would love because I cannot abide the idea of paying money to the likes of BWP et al next season anyway. Link to comment Share on other sites More sharing options...
mattyd Posted 29 April, 2009 Share Posted 29 April, 2009 SLH's debts are not paid in full. The creditors are given little choice other than to take what the Insolvency Practisioner realises. The IP's duty is to recover what he can and then wind SLH up. We already know the secured creditors want a deal. The total price will be less than half the debts. Link to comment Share on other sites More sharing options...
Mole Posted 29 April, 2009 Share Posted 29 April, 2009 With grass now much harder wearing there's no reason why another sport can't be played on the pitch. There's no reason why Southampton couldn't support a premiership Rugby Union club. Link to comment Share on other sites More sharing options...
mattyd Posted 29 April, 2009 Share Posted 29 April, 2009 Depends how hardball the creditors are playing. Anything over 20 million for a League 1 club is difficult to envisage, yet we need rolling money and there are obviously substantial debts to pay off. I would have thought that this season's crowd figures would be a serious cold shower on anyone investing real money. Can't help thinking there must be something nasty in the woodshed that makes investors think twice. You forget we have a modern 32k stadium capable of generating funds beyond football. If the rumours are to be believed this is available for as little as £7-8m. Most Chapionship and league One/Two clubs can only dream of that and would have to pay £40m to build it. This alone makes us very attractive. The farm and Staplewood could be sold seperately if this realises the most money. SFC is one part of the SLH. They could all go seperately. Link to comment Share on other sites More sharing options...
John B Posted 29 April, 2009 Share Posted 29 April, 2009 With grass now much harder wearing there's no reason why another sport can't be played on the pitch. There's no reason why Southampton couldn't support a premiership Rugby Union club. You are right but unfortunately there do not seem to be any likely candidates Link to comment Share on other sites More sharing options...
Mole Posted 29 April, 2009 Share Posted 29 April, 2009 You are right but unfortunately there do not seem to be any likely candidates Then make a club. It's not rocket science as the infrastructure is there. You just need the personel. Both the football club and the rugby could be effectively the same club and could be promoted as one. I'm not sure we could get away with the Rugby club being nicknamed the Saints though. Northampton might have something to say about that! Link to comment Share on other sites More sharing options...
DaintyDave Posted 29 April, 2009 Share Posted 29 April, 2009 Also not entirely sure you can just decide once you form your club you want to be in the Premiership. Link to comment Share on other sites More sharing options...
TheMidfieldGeneral Posted 29 April, 2009 Share Posted 29 April, 2009 How about putting an Ice Rink on the pitch when it`s not being used?? Link to comment Share on other sites More sharing options...
John B Posted 29 April, 2009 Share Posted 29 April, 2009 Then make a club. It's not rocket science as the infrastructure is there. You just need the personel. Both the football club and the rugby could be effectively the same club and could be promoted as one. I'm not sure we could get away with the Rugby club being nicknamed the Saints though. Northampton might have something to say about that! You mean get Sir Clive to run it. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 29 April, 2009 Share Posted 29 April, 2009 You are right but unfortunately there do not seem to be any likely candidates Not necessarily true. Of the 4 London clubs in the Guinness Premiership, only Harlequins play in London (Wasps - Wycombe, Saracens - Watford and Irish - Reading). May be a deal to get one of the West Country teams (Bath comes to mind) to relocate? Or if Newbury were ever to get promoted, they'd be ideal. Link to comment Share on other sites More sharing options...
John B Posted 29 April, 2009 Share Posted 29 April, 2009 (edited) Also not entirely sure you can just decide once you form your club you want to be in the Premiership. Exactly we have trouble running a football club let alone a rugby one Edited 29 April, 2009 by John B Link to comment Share on other sites More sharing options...
ladysaint Posted 29 April, 2009 Share Posted 29 April, 2009 How about putting an Ice Rink on the pitch when it`s not being used?? Thats a brilliant idea I am sure there could be lots of other usages for the stadium to generate more money. Why dont they get the mormons or whatever they were to hold their gatherings there again like they used to at the Dell. Link to comment Share on other sites More sharing options...
Rattlehead Posted 29 April, 2009 Share Posted 29 April, 2009 Caravan park Link to comment Share on other sites More sharing options...
St.Patrik Posted 29 April, 2009 Share Posted 29 April, 2009 Thats a brilliant idea I am sure there could be lots of other usages for the stadium to generate more money. Why dont they get the mormons or whatever they were to hold their gatherings there again like they used to at the Dell. This has actually been done in Sweden - big games with big crowds have been moved to football stadiums to get more people in the stands. But then again Icehockey is our nationalsport here.... Link to comment Share on other sites More sharing options...
John B Posted 29 April, 2009 Share Posted 29 April, 2009 (edited) This has actually been done in Sweden - big games with big crowds have been moved to football stadiums to get more people in the stands. But then again Icehockey is our nationalsport here.... and it is cold Edited 29 April, 2009 by John B Link to comment Share on other sites More sharing options...
itchen Posted 29 April, 2009 Share Posted 29 April, 2009 Saint Mary's Stadium is an underused asset. Apart from football 19 times a season, it is currently used as the CCTV control room for the council, to provide training facilities and as a conference centre. It is the last of these that I think could probably be built up by an enterprising owner as well as an increase in the number of events on the pitch that could bring in money. Not just concerts (there is a limit to how many the neighbours can be expected to tolerate or that there is an audience for) but exhibitions or other mass events. The Jehovah's Witnesses used to hire the Dell. I'm not religious but I'll take anyone's money if it defrays the stadium costs and keeps the club going. Even in what was probably our worst season ever, our crowds were better than most CCC clubs and sometimes as good as Premiership clubs. We have a huge catchment area and operated at near capacity when we were in the top flight. We have the facilities and infrastructure (stadium, training ground and the academy) and deep roots in the community. I've no doubt that a new owner willing to invest at this point would more than recoup his investment within ten years. Link to comment Share on other sites More sharing options...
bridge too far Posted 29 April, 2009 Share Posted 29 April, 2009 How about speedway? If they can put motor sport on at Wembley, then why not speedway at SMS? Link to comment Share on other sites More sharing options...
Pilchards Posted 29 April, 2009 Share Posted 29 April, 2009 People mention why we can't have Fry as our chairman, What if I said that Rupert was doing his role right now and that you had never heard of him a month ago! Stick to what you are good at Mr Fry. Link to comment Share on other sites More sharing options...
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