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Exclusive - Open Letter to Fans From New Owner...


Guided Missile

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Dear Southampton Supporter

 

I am writing to you to outline our plans for Southampton Football Club.

 

I believe that the Club’s previous management team has lost the support and confidence of a wide body of supporters. Moreover, we believe there has been a breakdown in communication between the Football Club and its supporters. The Club’s fortunes, both commercially and on the field of play have also deteriorated. This has come against a backdrop where the previous Boards have failed to raise any new equity investment monies for a period of in excess of 5 years.

 

We believe that if the Saints are to be put back on the road to success, significant changes need to be made to the strategy and operations of the business, in order to revitalise and re-establish Southampton as a Football Club that is genuinely capable of sustained success on and off the field of play.

 

I am pleased to have been able to bring together a management team comprising a blend of exceptional business people; highly committed fans; and experienced football business executives. Together, we share the philosophy and motivation required to “give” the Club back to the City of Southampton and its supporters.

 

This document spells out briefly, as far as we can at this stage, our proposed strategy to achieve a renewed unity of purpose and mutual trust amongst everyone connected with the Club. Our aim is to deliver the success that all supporters and shareholders and indeed all other stakeholders rightly demand and deserve. I summarise briefly below its core components and the philosophy of our approach.

 

• As a priority, we are seeking to establish an open, inclusive and interactive system of communication with our stakeholders The new Board of Southampton Leisure Holdings plc will exercise overall financial and operational control over Southampton Football Club and will be responsible for ensuring that the governance of the Company is both proper and effective. The Directors will be held fully accountable for their actions and will ensure transparency in all of the Company’s dealings. The proposed new Directors will comply fully with their obligations as Directors of a public company which has publicly traded shares. We believe there are several potential new investors who are fans and are genuinely interested to invest in the Club, but who are categorically unwilling to do so while the previous Directors remained in place. We also believe that ownership of the Club should remain widely spread amongst fans.

 

• Our aim is to put at the Football Manager’s disposal the best facilities and resources to enable him to develop a playing squad capable of delivering football success; adoption and implementation of a Football First philosophy.

 

• We do not merely intend to achieve a speedy return to the Premiership. As we explain in this document, our objective is to build the infrastructure, management team and playing squads necessary for sustained football and business success. Such a plan has a substantial cost and without access to the financial and other proprietary business data of the Company, and a thorough analysis of that information, together with a knowledge of the prospects of an appeal against the 10 point deduction next season, it is impractical for us to suggest precisely the level of investment required to achieve our objectives. However, we would propose to keep all shareholders and fans alike fully informed of the results of our analysis once we had completed such a review.

 

• We also discuss in this document the characteristics that single out Southampton Football Club as a family orientated, community-based institution. Within the bounds of sound commercial principles we intend to introduce ticket pricing and related initiatives to recognise these factors.

 

I hope you will agree with our aims to partner with the Club’s supporters to recreate a strong team and commercial business. I believe that the supporters are the lifeblood of the Club and their relationship with us should be a strong, long term and special bond. To this end we will be discussing with supporter representatives how they can be represented at board level. I look forward to sharing with you the success I believe we can bring to Southampton Football Club.

 

Signed

 

Phil Connors

Edited by Guided Missile
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Dear Southampton Supporter

 

I am writing to you to outline our plans for Southampton Football Club.

 

I believe that the Club’s previous management team has lost the support and confidence of a wide body supporters. Moreover, we believe there has been a breakdown in communication between the Football Club and its supporters. The Club’s fortunes, both commercially and on the field of play have also deteriorated. This has come against a backdrop where the previous Boards have failed to raise any new equity investment monies for a period of in excess of 5 years.

 

We believe that if the Saints are to be put back on the road to success, significant changes need to be made to the strategy and operations of the business, in order to revitalise and re-establish Southampton as a Football Club that is genuinely capable of sustained success on and off the field of play.

 

I am pleased to have been able to bring together a management team comprising a blend of exceptional business people; highly committed fans; and experienced football business executives. Together, we share the philosophy and motivation required to “give” the Club back to the City of Southampton and its supporters.

 

This document spells out briefly, as far as we can at this stage, our proposed strategy to achieve a renewed unity of purpose and mutual trust amongst everyone connected with the Club. Our aim is to deliver the success that all supporters and shareholders and indeed all other stakeholders rightly demand and deserve. I summarise briefly below its core components and the philosophy of our approach.

 

• As a priority, we are seeking to establish an open, inclusive and interactive system of communication with our stakeholders The new Board of Southampton Leisure Holdings plc will exercise overall financial and operational control over Southampton Football Club and will be responsible for ensuring that the governance of the Company is both proper and effective. The Directors will be held fully accountable for their actions and will ensure transparency in all of the Company’s dealings. The proposed new Directors will comply fully with their obligations as Directors of a public company which has publicly traded shares. We believe there are several potential new investors who are fans and are genuinely interested to invest in the Club, but who are categorically unwilling to do so while the previous Directors remained in place. We also believe that ownership of the Club should remain widely spread amongst fans.

 

• Our aim is to put at the Football Manager’s disposal the best facilities and resources to enable him to develop a playing squad capable of delivering football success; adoption and implementation of a Football First philosophy.

 

• We do not merely intend to achieve a speedy return to the Premiership. As we explain in this document, our objective is to build the infrastructure, management team and playing squads necessary for sustained football and business success. Such a plan has a substantial cost and without access to the financial and other proprietary business data of the Company, and a thorough analysis of that information, together with a knowledge of the prospects of an appeal against the 10 point deduction next season, it is impractical for us to suggest precisely the level of investment required to achieve our objectives. However, we would propose to keep all shareholders and fans alike fully informed of the results of our analysis once we had completed such a review.

 

• We also discuss in this document the characteristics that single out Southampton Football Club as a family orientated, community-based institution. Within the bounds of sound commercial principles we intend to introduce ticket pricing and related initiatives to recognise these factors.

 

I hope you will agree with our aims to partner with the Club’s supporters to recreate a strong team and commercial business. I believe that the supporters are the lifeblood of the Club and their relationship with us should be a strong, long term and special bond. To this end we will be discussing with supporter representatives how they can be represented at board level. I look forward to sharing with you the success I believe we can bring to Southampton Football Club.

 

Signed

 

Phil Connors

 

Who is Phil Connors ? Was he writing this for Wilde a couple of years ago

Edited by John B
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Sounds positive if lacking in exact actions. I like the sound of an open, honest board but to be honest we have heard that one before. I also agree about the ticket pricing as the Charlon game showed, if this is right the stadium is full. I would also welcome incentives for people who have long way to travel.

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Another gem from Phil Connors:

When Chekhov saw the lower leagues, he saw leagues bleak and dark and bereft of hope. Yet we know that League One is just another step in the cycle of life. But standing here among the people of Southampton and basking in the warmth of their hearths and hearts, I couldn't imagine a better fate than a long and lustrous League One campaign.

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For the less initiated of us - would somebody like to explain?

 

In broad terms this site has become a pretty pointless place to visit. GM wants you to think he is very clever kid but I'll leave you to draw your own conclusions.

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In broad terms this site has become a pretty pointless place to visit. GM wants you to think he is very clever kid but I'll leave you to draw your own conclusions.

 

Thanks for taking the time to reply. Sadly - I tend to agree with your conclusion as well, there appears to be many on here who like to 'whisper' or 'suggest' that they know what is going on - when in fact they appear to know absolutely nothing at all.

 

For the record, is there anybody that I should trust implicitly - or is trawling through all of this guff just a meaningless waste of time?

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But it does make you want to believe in it all over again. Shame it was such a false dawn. Oh well, let's not assume that the new guys are going to be the same, and frankly, no one can do a worse job than Lowe, so that's one positive already!

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Groundhog day, we've been here before - a rehash of Wilde's manifesto. It's quite funny and not in the least bit serious.

 

And the source and / or relevance at this moment in time..?

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Sneering at anything and everything seems to come so easy for him...

On the contrary, my little Edelweiss....or as they sing in your country:

 

Mutig in die neuen Zeiten,

Frei und gläubig sieh uns schreiten,

Arbeitsfroh und hoffnungsreich.

Einig laß in Bruderchören,

Southampton Football Club, dir Treue schwören.

Vielgeliebtes Saints,

Vielgeliebtes Saints.

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• As a priority, we are seeking to establish an open, inclusive and interactive system of communication with our stakeholders The new Board of Southampton Leisure Holdings plc will exercise overall financial and operational control over Southampton Football Club and will be responsible for ensuring that the governance of the Company is both proper and effective. The Directors will be held fully accountable for their actions and will ensure transparency in all of the Company’s dealings. The proposed new Directors will comply fully with their obligations as Directors of a public company which has publicly traded shares. We believe there are several potential new investors who are fans and are genuinely interested to invest in the Club, but who are categorically unwilling to do so while the previous Directors remained in place. We also believe that ownership of the Club should remain widely spread amongst fans.

 

And here was me thinking that Fry was trying to find a buyer for 'Southampton Football Club Limited' (and other subsidiary assets) rather than 'Southampton Leisure Holdings PLC' as a whole....

 

:confused:

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On the contrary, my little Edelweiss....or as they sing in your country:

 

Mutig in die neuen Zeiten,

Frei und gläubig sieh uns schreiten,

Arbeitsfroh und hoffnungsreich.

Einig laß in Bruderchören,

Southampton Football Club, dir Treue schwören.

Vielgeliebtes Saints,

Vielgeliebtes Saints.

 

Still not offering any alternative approach, are you ??

 

Much as I think Marc Jackson is a joke, its an exit route for the club going over the edge of a cliff if Mark Fry thinks it will work.

 

However, you've now taken the p*ss out of both offers on the table.

 

Keep sneering..

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However, you've now taken the p*ss out of both offers on the table.

I'm prepared to bet you £100,000 that neither Marc Jackson, nor Pinnacle Asset Management have tabled an offer and provided proof of funds to Mark Fry.

 

The reason? Neither of these jokers have got the funds and there is absolutely no reason why any sane businessman with the funds would need/want either of them for either advice or support.

 

If you stopped reading the Echo website for all your information and engage your brain, you may understand why everything we have been told to date is the product of fertile minds, trying to sell either a football club or papers....

 

Failing that, spend a quid on Companies House and check out the Balance Sheet of Pinnacle Asset Management. In fact, I'll save you the f***ing money. As of 31st August, 2008, Pinnacle Asset Management Limited had net assets of £4. They were in better shape in 2007, when their net assets totalled £6.

 

Pinnacle Property Consultants Limited was only set up on June 3rd, 2008 so have yet to file accounts, but if the success of Pinnacle Asset Management Limited is anything to go on, I'm not optimistic.

 

Hard not to take the p!$$, isn't it?

Edited by Guided Missile
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I can't believe the future of the club lies with Marc Jackson or Pinnacle Asset Management either.

 

If it does, there is no future imo.

 

Why shouldn't GM say it the way he sees it?

 

You ought to read The Emperor's New Clothes by Hans Christian Anderson alpine.

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I can't believe the future of the club lies with Marc Jackson or Pinnacle Asset Management either.

 

If it does, there is no future imo.

 

Why shouldn't GM say it the way he sees it?

 

You ought to read The Emperor's New Clothes by Hans Christian Anderson alpine.

 

OK, lets all give up and accept the club is dead then..:rolleyes:

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I'm prepared to bet you £100,000 that neither Marc Jackson, nor Pinnacle Asset Management have tabled an offer and provided proof of funds to Mark Fry.

 

The reason? Neither of these jokers have got the funds and there is absolutely no reason why any sane businessman with the funds would need/want either of them for either advice or support.

 

If you stopped reading the Echo website for all your information and engage your brain, you may understand why everything we have been told to date is the product of fertile minds, trying to sell either a football club or papers....

 

Failing that, spend a quid on Companies House and check out the Balance Sheet of Pinnacle Asset Management. In fact, I'll save you the f***ing money. As of 31st August, 2008, Pinnacle Asset Management Limited had net assets of £4. They were in better shape in 2007, when their net assets totalled £6.

 

Pinnacle Property Consultants Limited was only set up on June 31st, 2008 so have yet to file accounts, but if the success of Pinnacle Asset Management Limited is anything to go on, I'm not optimistic.

 

Hard not to take the p!$$, isn't it?

 

Forgot you were a millionaiire businessman !

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I'm prepared to bet you £100,000 that neither Marc Jackson, nor Pinnacle Asset Management have tabled an offer and provided proof of funds to Mark Fry.

 

The reason? Neither of these jokers have got the funds and there is absolutely no reason why any sane businessman with the funds would need/want either of them for either advice or support.

 

If you stopped reading the Echo website for all your information and engage your brain, you may understand why everything we have been told to date is the product of fertile minds, trying to sell either a football club or papers....

 

Failing that, spend a quid on Companies House and check out the Balance Sheet of Pinnacle Asset Management. In fact, I'll save you the f***ing money. As of 31st August, 2008, Pinnacle Asset Management Limited had net assets of £4. They were in better shape in 2007, when their net assets totalled £6.

 

Pinnacle Property Consultants Limited was only set up on June 31st, 2008 so have yet to file accounts, but if the success of Pinnacle Asset Management Limited is anything to go on, I'm not optimistic.

 

Hard not to take the p!$$, isn't it?

Spot on GM. Why would a so called mega wealthy investor want to employ the services of Pinnacle? Very suspect.
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OK, lets all give up and accept the club is dead then..:rolleyes:

Guided Missile/19 Canteen would probably rather that - but then he is a die-hard Rupert "two relegations/one administration" Lowe fanatic, so draw your own conclusions!

Edited by SW11_Saint
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