thorpie the sinner Posted 5 May, 2009 Share Posted 5 May, 2009 so is the pinnacle bid in yet? Link to comment Share on other sites More sharing options...
Dicko Posted 5 May, 2009 Share Posted 5 May, 2009 There's more chance of Lucy Pinder showing her gash on the pitch, than Shearer being manager Link to comment Share on other sites More sharing options...
northam soul Posted 5 May, 2009 Share Posted 5 May, 2009 Just a re-hash of the Fulthorpe fiasco i suspect. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 5 May, 2009 Share Posted 5 May, 2009 So then to sum up 11 pages of mass hysteria and wild speculation: Nothing is definitely happening but we haven't yet gone out of existence either. Is that about right ? Link to comment Share on other sites More sharing options...
WhitmonSaint Posted 5 May, 2009 Share Posted 5 May, 2009 There's more chance of Lucy Pinder showing her gash on the pitch, than Shearer being manager Hahaha.. that made me laugh. Cheers Dicko! Link to comment Share on other sites More sharing options...
lancelot link Posted 5 May, 2009 Share Posted 5 May, 2009 Depends if you are a half empty or half full person...... personally we know there's at least 1 bid in, and 1 or even 2 more being prepared. I would have taken that a week ago Link to comment Share on other sites More sharing options...
The Farmer Posted 5 May, 2009 Share Posted 5 May, 2009 So then to sum up 11 pages of mass hysteria and wild speculation: Nothing is definitely happening but we haven't yet gone out of existence either. Is that about right ? Something is definately happening. Believe me I know people are working round the clock to dot the 'i's and cross the 't's on a strategy that will please the fans if they can get the necessary elements in place to satisfy the administrator and succeed with an imminent bid. No news is good news at the moment, next couple of days are very important for the future of the club though. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 5 May, 2009 Share Posted 5 May, 2009 if they can get the necessary elements in place to satisfy the administrator and succeed with an imminent bid. Being the operative phrase of course. I read that as not yet being sure of having the money to get the job done and frankly I don't like that. There's a real bid in place apparently, let all the rest put up or shut up and let us get on with repairing the club. Link to comment Share on other sites More sharing options...
The Farmer Posted 5 May, 2009 Share Posted 5 May, 2009 (edited) Being the operative phrase of course. I read that as not yet being sure of having the money to get the job done and frankly I don't like that. No, not at all. It merely alludes to paperwork and necessary contracts WC. The forthcoming bid would not only repair a broken club but look to put initiatives in place to achieve realistic medium to long term success. Edited 5 May, 2009 by The Farmer Link to comment Share on other sites More sharing options...
Window Cleaner Posted 5 May, 2009 Share Posted 5 May, 2009 No, not at all. It merely alludes to paperwork and necessary contracts WC. The forthcoming bid would not only repair a broken club but look to put initiatives in place to achieve realistic medium to long term success. We can but wait then, hopefully this is something serious and not just an Nieme waste of time.. Link to comment Share on other sites More sharing options...
Foxstone Posted 5 May, 2009 Share Posted 5 May, 2009 No, not at all. It merely alludes to paperwork and necessary contracts WC. The forthcoming bid would not only repair a broken club but look to put initiatives in place to achieve realistic medium to long term success. Music to my ears.. From some of your previous postings I read that you can be a cynical old sod , so for you to be optimistic in such a way causes me to be optimistic too. Link to comment Share on other sites More sharing options...
TheSaint75 Posted 5 May, 2009 Share Posted 5 May, 2009 No, not at all. It merely alludes to paperwork and necessary contracts WC. The forthcoming bid would not only repair a broken club but look to put initiatives in place to achieve realistic medium to long term success. That I am liking the sound of, long term success is what we need not a quick short term fix Link to comment Share on other sites More sharing options...
Window Cleaner Posted 5 May, 2009 Share Posted 5 May, 2009 That I am liking the sound of, long term success is what we need not a quick short term fix What we need is an immediate solution before all the money people usually spend on STs goes on an extra holiday or a set of go-faster stripes for the Austin Maxi. The clock has been ticking for too long, asses have to be got into gear. The longer it goes on the more likely we are to have an unsuitable solution. We shall see. Link to comment Share on other sites More sharing options...
bjk Posted 5 May, 2009 Share Posted 5 May, 2009 I think we need to be out of administration by the 9th May so if its going to happen its got to happen this week. Link to comment Share on other sites More sharing options...
The Farmer Posted 5 May, 2009 Share Posted 5 May, 2009 (edited) What we need is an immediate solution Perhaps the new bid caters for both short, medium and long-term timescales It is a bit of a race though and still some hoops to be jumped through. But I am optimistic and I am hoping that what I have heard comes to fruition - which like Foxstone suggested, is unusual for me!! Edited 5 May, 2009 by The Farmer Link to comment Share on other sites More sharing options...
Matthew Le God Posted 5 May, 2009 Share Posted 5 May, 2009 realistic medium to long term success. What in your eyes would count as realistic with the level of funding available to the bids? Link to comment Share on other sites More sharing options...
monosaint Posted 5 May, 2009 Share Posted 5 May, 2009 I keep reading about deadlines etc. and decided to research the rules regarding Administration and it is clear that you can be in administration for a period of time as long as you are in the process of formulating a plan that involves: 1. Rescuing a company as a going concern, or 2. Achieving a better result for the company's creditors as a whole than would be likely if the company were wound up (without first being in administration), or 3. Realising property in order to make a distribution to one or more secured or preferential creditors. It also stated you could be in this state for up to 12 months assuming the administration process is active. Clearly, in our case we will need a quick fix as we will need to pay people again very soon. Link to comment Share on other sites More sharing options...
derry Posted 5 May, 2009 Share Posted 5 May, 2009 It's possible that pinnacle are spinning this to try and buy some time as I suspect the first bidder is not happy over the delay. The rumour that they have until tomorrow to get a bid in ties in. I would be surprised if there isn't pressure being applied, especially the players contracts etc need resolving. This thing has been dragging on for four weeks and needs sorting. Whilst I understand the support from those on here who know the pinnacle side, we can't afford to let this drag on. Conceivably there could be a rebidding until the preferred bidder is selected. This would use up more time. Link to comment Share on other sites More sharing options...
saint77 Posted 5 May, 2009 Share Posted 5 May, 2009 21st may is the next pay day for staff and players so if its not complete by then the s#it will start hitting the fan Link to comment Share on other sites More sharing options...
Toomer Posted 5 May, 2009 Share Posted 5 May, 2009 There's more chance of Lucy Pinder showing her gash on the pitch, than Shearer being manager Now that I would pay good money to see:) Link to comment Share on other sites More sharing options...
Window Cleaner Posted 5 May, 2009 Share Posted 5 May, 2009 21st may is the next pay day for staff and players so if its not complete by then the s#it will start hitting the fan Nah Uncle Leon will just pay everybody again. After all he must be involved in one of the bids so it's no great shakes. He just can't leave it alone. Then there's the match on 17th May, finely calculated to get in cash to pay the salaries again. What happens to the catering section with lots of summer weddings and the like already lined up. They won't cancel them so there must be money to pay at least the catering staff and make sure the bailiffs haven't chained the suite doors. Link to comment Share on other sites More sharing options...
derry Posted 5 May, 2009 Share Posted 5 May, 2009 I keep reading about deadlines etc. and decided to research the rules regarding Administration and it is clear that you can be in administration for a period of time as long as you are in the process of formulating a plan that involves: 1. Rescuing a company as a going concern, or 2. Achieving a better result for the company's creditors as a whole than would be likely if the company were wound up (without first being in administration), or 3. Realising property in order to make a distribution to one or more secured or preferential creditors. It also stated you could be in this state for up to 12 months assuming the administration process is active. Clearly, in our case we will need a quick fix as we will need to pay people again very soon. All this presupposes the club stay operating. If they are wound up every thing falls apart. The club owe approx £6m and have no assets and are being kept going by the goodwill of the creditors and a begging bowl. If one creditor pulls the plug there will be no administration but immediate winding up. The PFA would pay the players and their contracts would lapse making them free agents. That is the timescale driving this. Link to comment Share on other sites More sharing options...
kpturner Posted 5 May, 2009 Share Posted 5 May, 2009 (edited) There's more chance of Lucy Pinder showing her gash on the pitch, than Shearer being managerI'd settle for either - but I am easily pleased. As an aside, I can't understand why the Harding (ex-Jayhard) rumour is not being kicked around on the forum? Are we avoiding naming names to protect the innocent or to avoid the "Paul Allen" scenario again? I'll have to edit this post if I get a bollocking Edited 5 May, 2009 by kpturner Link to comment Share on other sites More sharing options...
Barfy Posted 5 May, 2009 Share Posted 5 May, 2009 I keep reading about deadlines etc. and decided to research the rules regarding Administration and it is clear that you can be in administration for a period of time as long as you are in the process of formulating a plan that involves: 1. Rescuing a company as a going concern, or 2. Achieving a better result for the company's creditors as a whole than would be likely if the company were wound up (without first being in administration), or 3. Realising property in order to make a distribution to one or more secured or preferential creditors. It also stated you could be in this state for up to 12 months assuming the administration process is active. Clearly, in our case we will need a quick fix as we will need to pay people again very soon. I don't think it's a question of how long we can be in administration for, but more the deadline imposed by the Football League. If we are still in administration at a certain date then they can make the assumption that we might not fulfill our fixtures for next season and refuse our entry to the league. Link to comment Share on other sites More sharing options...
TheSaint75 Posted 5 May, 2009 Share Posted 5 May, 2009 What we need is an immediate solution before all the money people usually spend on STs goes on an extra holiday or a set of go-faster stripes for the Austin Maxi. The clock has been ticking for too long, asses have to be got into gear. The longer it goes on the more likely we are to have an unsuitable solution. We shall see. I would prefer an immediate solution with a long term plan for success, as opposed to an immediate solution and being broke in 12mnths time again because they have no long term plan Link to comment Share on other sites More sharing options...
CanadaSaint Posted 5 May, 2009 Share Posted 5 May, 2009 All this presupposes the club stay operating. If they are wound up every thing falls apart. The club owe approx £6m and have no assets and are being kept going by the goodwill of the creditors and a begging bowl. If one creditor pulls the plug there will be no administration but immediate winding up. The PFA would pay the players and their contracts would lapse making them free agents. That is the timescale driving this. Call me an optimist (which I am), Dave, but I'm not too concerned just now about a creditor pulling the plug. Okay, so they're not getting their money yet, but the way to make sure they don't get the money at all is to pull the plug. What they probably would receive, though, is a sh*t-kicking in the public arena. The only real exception to this is football-related debt and possibly the government stuff, which could bring a whole new barrel of crap down on us. I'm much more concerned that we have new owners who understand the importance of success on the pitch - not just development success off it, and that they cut themselves a deal that rids us of as much of the cost millstone (i.e. stadium debt) as possible. That leaves them with less pressure and more money to spend on the squad and management. We're playing for a longer term future here, so I'm quite content to wait - although just as anxious and frustrated as everyone else. Link to comment Share on other sites More sharing options...
ART Posted 5 May, 2009 Share Posted 5 May, 2009 If it's any consolation to those worrying about the time scale, Nigel Pearson wasn't appointed at Leicester till June the 20th last year. He had one almightly job to face and I think we all agree did an incredible one too. Players usually don't have to report until the beginning of July and I recall Kevin Davis sunning himself all summer before winnning a contract and signing up for Bolton. I appreciate the optimism being shown by certain persons but only hope that old karma isn't lying in wait to equal old scores for some people. "What goes around comes around" and a big number of Saints supporters have a lot of karmatic debt to pay. We get the club and direction we deserve. I like to think we deserve at last a little bit of luck after all that's transpired. Link to comment Share on other sites More sharing options...
TheSaint75 Posted 5 May, 2009 Share Posted 5 May, 2009 I'd settle for either - but I am easily pleased. As an aside, I can't understand why the Harding (ex-Jayhard) rumour is not being kicked around on the forum? Are we avoiding naming names to protect the innocent or to avoid the "Paul Allen" scenario again? I'll have to edit this post if I get a bollocking What Harding rumour? are you just starting it for fun or do you have a reason, I assume you mean Jayhard the plumbers merchants? Link to comment Share on other sites More sharing options...
The Farmer Posted 5 May, 2009 Share Posted 5 May, 2009 What in your eyes would count as realistic with the level of funding available to the bids? There would be a 5 year plan to provide funds for football matters. It certainly will not be a case of stabilising the club and then looking to profit in the short term. Link to comment Share on other sites More sharing options...
derry Posted 5 May, 2009 Share Posted 5 May, 2009 Call me an optimist (which I am), Dave, but I'm not too concerned just now about a creditor pulling the plug. Okay, so they're not getting their money yet, but the way to make sure they don't get the money at all is to pull the plug. What they probably would receive, though, is a sh*t-kicking in the public arena. The only real exception to this is football-related debt and possibly the government stuff, which could bring a whole new barrel of crap down on us. I'm much more concerned that we have new owners who understand the importance of success on the pitch - not just development success off it, and that they cut themselves a deal that rids us of as much of the cost millstone (i.e. stadium debt) as possible. That leaves them with less pressure and more money to spend on the squad and management. We're playing for a longer term future here, so I'm quite content to wait - although just as anxious and frustrated as everyone else. So am I Bill, however it's the Echo's mention of money owed to HMRC that troubles me. I find it a bit strange nearly a fortnight after the first bid and the perilous state of the finances, kept going by the underwriting of the legends match and the Saints Aid concert, that we now have somebody coming in at the eleventh hour and spinning whilst the other two are behind the scenes. I personally think that unless they get a move on this could yet unravel, how many times have we seen a drama unfold, then no deal done, with previous football rescues. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 5 May, 2009 Share Posted 5 May, 2009 There would be a 5 year plan to provide funds for football matters. It certainly will not be a case of stabilising the club and then looking to profit in the short term. Providing the possible level of funding needed to get back to the Premiership? Link to comment Share on other sites More sharing options...
The Farmer Posted 5 May, 2009 Share Posted 5 May, 2009 What Harding rumour? are you just starting it for fun or do you have a reason, I assume you mean Jayhard the plumbers merchants? Peter Harding is worth a few bob, although possibly less than before he bought into NV!! I know a few of his associates, not heard his name in dispatches though. Link to comment Share on other sites More sharing options...
kpturner Posted 5 May, 2009 Share Posted 5 May, 2009 What Harding rumour? I assume you mean Jayhard the plumbers merchants? Yes - can't remember his first name (Peter?) who sold Jayhards and made a shed load. I am not trying to be mischievious - it has just been mentioned a few times in idle gossip in the pub and on the golf course that he is one of the backers in one of the bids, so I was doing a search to see what was mentioned on this forum. Not a thing (that I could find)- so it is either complete nonsense or people are staying tight-lipped about it. One hilarious rumour that came my way (ooohTerryHurlock can vouch for this) is that Harding is involved in a bid with Rod Stewart and that Gordon Strachan is leaving Celtic to manage Saints as part of the deal I wet myself laughing at the very idea - I am much more hopeful about Lucy Pinder's gash being on display at SOS Link to comment Share on other sites More sharing options...
TheSaint75 Posted 5 May, 2009 Share Posted 5 May, 2009 The Rod & WGS rumour has been around a while, not heard a peep about Harding tho' TBH I see no reason why we can't have Lucy and consortia money! Link to comment Share on other sites More sharing options...
CanadaSaint Posted 5 May, 2009 Share Posted 5 May, 2009 I don't know why people are getting so excited at the "Lucy Pinder's gash being on display at SOS". We've seen plenty of them on the pitch over the last few seasons. Link to comment Share on other sites More sharing options...
kpturner Posted 5 May, 2009 Share Posted 5 May, 2009 I don't know why people are getting so excited at the "Lucy Pinder's gash being on display at SOS". We've seen plenty of them on the pitch over the last few seasons.because this one is attached to a real woman, not a bloke playing football like a woman (apologies to all woman who do actually play better than the current squad) Link to comment Share on other sites More sharing options...
OldNick Posted 5 May, 2009 Share Posted 5 May, 2009 I don't know why people are getting so excited at the "Lucy Pinder's gash being on display at SOS". We've seen plenty of them on the pitch over the last few seasons.yeah but when was the last Brazilian one on there? Link to comment Share on other sites More sharing options...
CanadaSaint Posted 5 May, 2009 Share Posted 5 May, 2009 yeah but when was the last brazilian one on there? itk? Link to comment Share on other sites More sharing options...
Matthew Le God Posted 5 May, 2009 Share Posted 5 May, 2009 I'm not sure if this low level of chat about Lucy Pinder makes this takeover thread sink lower or makes it better than it was before dribble wise. Link to comment Share on other sites More sharing options...
OldNick Posted 5 May, 2009 Share Posted 5 May, 2009 itk?No sadly Link to comment Share on other sites More sharing options...
Toomer Posted 5 May, 2009 Share Posted 5 May, 2009 (edited) Peter Harding is worth a few bob, although possibly less than before he bought into NV!! I know a few of his associates, not heard his name in dispatches though. I know Peter very well used to play football with him at Millbrook & Maybush many years ago, I don't think he made enough money with sale of Jayhards to fund the purchase of the club. Edited 5 May, 2009 by Toomer Link to comment Share on other sites More sharing options...
Scummer Posted 5 May, 2009 Share Posted 5 May, 2009 yeah but when was the last Brazilian one on there? Man U in January I expect. Link to comment Share on other sites More sharing options...
The Farmer Posted 5 May, 2009 Share Posted 5 May, 2009 I now Peter very well used to play football with him at Millbrook & Maybush many years ago, I don't think he made enough money with sale of Jayhards to fund the purchase of the club. I think he possibly did originally but tied a lot up with different projects since he sold Jayhards. He is still working as a developer in Northam and although he moves in influential circuits I have just had it confirmed from someone in his circle that in this instance there is no validity in this rumour. Link to comment Share on other sites More sharing options...
Bakovnetski Posted 5 May, 2009 Share Posted 5 May, 2009 yeah but when was the last Brazilian one on there? beats me! Link to comment Share on other sites More sharing options...
SOTONS EAST SIDE Posted 5 May, 2009 Share Posted 5 May, 2009 (edited) Perhaps the new bid caters for both short, medium and long-term timescales It is a bit of a race though and still some hoops to be jumped through. But I am optimistic and I am hoping that what I have heard comes to fruition - which like Foxstone suggested, is unusual for me!!But how do you compare their bid, to the one thats already in!!! And again there's no certainty that Fry will accept their bid as the best one for his creditors! Is there!!!!!!!! Edited 5 May, 2009 by SOTONS EAST SIDE Link to comment Share on other sites More sharing options...
miserableoldgit Posted 5 May, 2009 Share Posted 5 May, 2009 There's more chance of Lucy Pinder showing her gash on the pitch, than Shearer being manager As attractive as that prospect is, I can`t help feeling that we have seen too many c**ts on the pitch at SMS already this season. Link to comment Share on other sites More sharing options...
hackedoff Posted 5 May, 2009 Share Posted 5 May, 2009 There's more chance of Lucy Pinder showing her gash on the pitch, than Shearer being manager We have had enough Fanni*s on the pitch this last season. No more please. Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 5 May, 2009 Share Posted 5 May, 2009 We have had enough Fanni*s on the pitch this last season. No more please. You're saying no to Pinder's hairy axe wound. What's your problem??! Link to comment Share on other sites More sharing options...
The Farmer Posted 5 May, 2009 Share Posted 5 May, 2009 But how do you compare their bid, to the one thats already in!!! And again there's no certainty that Fry will accept their bid as the best one for his creditors! Is there!!!!!!!! No, there isn't. I dont know much about the tabled bid, but you are right, its MF's decision based on what the creditors are asking and what they are willing to accept. It would be very upsetting for us fans if the best deal for the creditors was accepted against the best deal for the club and fans - harsh reality of the situation Lowe has got us into I suppose. I just know there is a lot energy and vision involved with the bid in the works, I hope enough to trump the former bid which I don't think has the Club's best interests at heart. Link to comment Share on other sites More sharing options...
saintbletch Posted 5 May, 2009 Share Posted 5 May, 2009 If it's any consolation to those worrying about the time scale, Nigel Pearson wasn't appointed at Leicester till June the 20th last year. He had one almightly job to face and I think we all agree did an incredible one too.... Good point. Although did he have as many players out of contract/loan I wonder? I appreciate the optimism being shown by certain persons but only hope that old karma isn't lying in wait to equal old scores for some people. "What goes around comes around" and a big number of Saints supporters have a lot of karmatic debt to pay. We get the club and direction we deserve. I like to think we deserve at last a little bit of luck after all that's transpired. Ahh the football karma. Surely administration is like the fourth state of conciousness where our actions do not accumulate karma? And anyway won't we have paid our karma debt by the time we hit League 1? I mean an FA cup final and European football to technically not existing at the moment - that's some pay back. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now