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Terms of Crouch's offer of £2m


NickG

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

Just another part of the jigsaw showing how we really have been "lions led by donkeys".

Turkeys voting for Christmas etc springs to mind.

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

Meaning basically that he knew in advance that there was no chance whatsoever of his offer being accepted,however as he made it he could brag about it for ever and a day.

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He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

Leon Crouch either had no intention of paying 2m as there is no way Michael Wilde would agree to this. Or he is thicker than Baldrick and believed Wilde would be happy with these strange terms. Just put the money in yourself if you care that much! :)

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Meaning basically that he knew in advance that there was no chance whatsoever of his offer being accepted,however as he made it he could brag about it for ever and a day.

 

about how I see it - this is why he got flustered when asked about it on the saint.

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Hopefully we can mostly agree that we need a total new boardroom with no-one from the last regime?

 

this shows that he can be justly criticised/questioned without meaning you want Lowe instead?

 

All gone please.

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Interesting information really, because I thought that's what was said at the time, as this comes as no shock to me. In fact, I'm pretty sure that when the 'offer' from Crouch was made, we all knew it involved Wilde stepping down and Lowe stepping back, because to invest 2 million into a club and let Lowe and Wilde spend it on another SCW or JP, would be less rewarding than sticking 2 mill on a nag to win the Grand National at 100-1.

 

So, we're back to where we were when the 'offer' was originally made. It wasn;t really an offer but a snipe at the current board, who could waste money as easily as the next man (and the last in this matter).

 

In fact this information could be put on a par with the FF post on what Lowe said to the chap on the street, it makes no difference to the current situation.

 

IF Lowe had turned round and said he agreed and Wilde stepped down and paid the 2 mill as well, only then would we know if Crouch was actually bluffing. Me, I think Crouch would have found the 2 mill somehow, just so as not to lose face. The fact that it was highly unlikely, if not impossible, makes no difference to me, I think the 'offer' was to show Lowe and Wilde that Crouch would not put a single penny of his own money into the club whilst these two held the reigns, be that 2 mill or 2 pence!

 

Still, it makes a great yeehaw for those Crouch haters and Lowe luvvies to get together again once more, hey ho!

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

LOL. When you put it like that ....

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would be less rewarding than sticking 2 mill on a nag to win the Grand National at 100-1.

 

 

 

Just imagine where we'd be if he'd have had the balls to do that with Mon Mome this year. He'd have 200+ million and we'd have a new owner and loads of new players by now.

 

Pity he didn't really.

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Leon Crouch either had no intention of paying 2m as there is no way Michael Wilde would agree to this. Or he is thicker than Baldrick and believed Wilde would be happy with these strange terms. Just put the money in yourself if you care that much! :)

 

I wonder if he thought what a cunning plan it was as he put it to them.

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

Interesting that JP 'resigned' the same day that Crouch was seen visiting SMS to make the infamous £2m offer (the day of the 'secret' Ujpest game)....perhaps JP got wind of the above conditions and jumped before being pushed? Just a stab in the dark.

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Interesting that JP 'resigned' the same day that Crouch was seen visiting SMS to make the infamous £2m offer (the day of the 'secret' Ujpest game)....perhaps JP got wind of the above conditions and jumped before being pushed? Just a stab in the dark.

 

My favourite line was

JP's resignation came as a shock, most especially to him

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Interesting that JP 'resigned' the same day that Crouch was seen visiting SMS to make the infamous £2m offer (the day of the 'secret' Ujpest game)....perhaps JP got wind of the above conditions and jumped before being pushed? Just a stab in the dark.

 

Well if he did force JP to resign then it was about the only positive thing to come out of this offer!!!!! But sadly, that's not the case as Lowe & co. had already decided to give Poortvliet the push before Crouch strolled in that Friday.

 

With regards the offer, with conditions like that it was never going to be be accepted and surely Crouch knew that, so would like to know why he felt it was reasonable to put it forward (does the Echo shed any light on his motivation for doing so???).

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

Maybe he was trying to get something out of Lowe knowing there was diddly squat likely to come out of Wilde.

 

Ever heard of negotiation? Don't you go in with your first offer expecting a counter offer, and the haggling continues until a deal is struck? Or does that only happen in other businesses, not at SLH/SFC?

 

But then if you know you're the only one willing to put any real money in at all, the only thing left is to try and embarrass the others into at least doing something, isn't it?

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Well if he did force JP to resign then it was about the only positive thing to come out of this offer!!!!! But sadly, that's not the case as Lowe & co. had already decided to give Poortvliet the push before Crouch strolled in that Friday.

 

Oh well. Yet another Trousers theory bites the dust! :)

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Bragging rights, he knows that a lot of morons support SFC.

 

The fact that he offered to lend 2 million is the salient fact, same as it was before, the fact that the loan was 'untouchable' would probably have never been revealed if things hadn't gone tits up.

I don't know the man but as far as I'm concerned the day that he and Wilde in the pursuit of power and personal credo set foot in boardroom of the club was a black day.I'm no Lowe fan but if he'd have not been ousted by Smash and Grab we probably wouldn't be where we are today.

 

Smash thought he would become an iconic figure in SFC for decades to come

Grab thought he would 'get investment' and make serious money.

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Well if he did force JP to resign then it was about the only positive thing to come out of this offer!!!!! But sadly, that's not the case as Lowe & co. had already decided to give Poortvliet the push before Crouch strolled in that Friday.

 

With regards the offer, with conditions like that it was never going to be be accepted and surely Crouch knew that, so would like to know why he felt it was reasonable to put it forward (does the Echo shed any light on his motivation for doing so???).

 

no, its the letters and their reponse -he describes it as a generous offer! It gets declined but board offer to discuss further which get declined.

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Maybe he was trying to get something out of Lowe knowing there was diddly squat likely to come out of Wilde.

 

Ever heard of negotiation? Don't you go in with your first offer expecting a counter offer, and the haggling continues until a deal is struck? Or does that only happen in other businesses, not at SLH/SFC?

 

But then if you know you're the only one willing to put any real money in at all, the only thing left is to try and embarrass the others into at least doing something, isn't it?

 

as just posted - appears he rejected offer of negotiation

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As Lowe and Wilde are now nowhere to be seen,is Saint Leon's offer of £2m still on the table ? As Saints could now do with it,or even half or a quarter of it by next week.

 

no, when asked about it he said he has done more than enough for saints.

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Just suppose this was Crouch's opening bid. Would you start low when negotiating with Lowe (excuse the pun!).

 

I'm not ITK, but I suspect that when the details are known, a relatively modest input of capital by the major shareholders could have stopped administration.

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just to clarify, it was rejected and offer to negotiate was made, meeting was held at St Marys - on day JP went and at the meeting Crouch declined offer to negotiate or discuss alternative arrangements.

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Well if he did force JP to resign then it was about the only positive thing to come out of this offer!!!!! But sadly, that's not the case as Lowe & co. had already decided to give Poortvliet the push before Crouch strolled in that Friday.

 

With regards the offer, with conditions like that it was never going to be be accepted and surely Crouch knew that, so would like to know why he felt it was reasonable to put it forward (does the Echo shed any light on his motivation for doing so???).

 

You gave me both barrels when i suggested that at the time! ;-)

 

 

On a serious note though - I would hazzard a guess... if Lowe had been able to lay his hands on 2mil as spare change, i think he would done a deal with Crouch and dumped Wilde - Stranger things have happened!

 

As to Crouch's motivation: note sure, the cynic in me says to blow his own publicity trumpet, the rational in me say to blow his own publicity trumpet...;-)

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

Hopefully the final nail in Crouch's coffin with regards to any future role in the club. Seriously, nobody would have accepted those terms and Crouch could have offered £200m or 20p for the difference it made. A gesture solely to try and make himself look good to the fans IMO and one Crouch has a good track record in. Makes you wonder if he actually had the £2m in the 100million to 1 chance his bluff was called.

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He may as well have said...

 

Quote:

I promise to put 100 million into Saints if John Westwood agrees to marry me and have my children.

 

Now love me Saints fans!!! Look what I promised!!!!

 

 

 

....... What went wrong ...... was Westwood impotent ????

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I was originally quite keen on Crouch being involved, but the more i read and hear the less this idea appeals to me (albeit alot was from on here so that is taken with a pinch of salt)

 

While i don't doubt for a second that his heart is in the right place, i think a clean sweep is best for everyone

 

imho

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Surely there is nobody left to defend who has been in the boardroom at SFC recently? All 3 of the recent chairman have since proved themselves to be utterly worthless to the club. Can we please all stop picking at each other about the past now? No? Thought not :D

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Reading the paper version of the Echo today and what Crouch says he is 100% spot on.

 

Crouch may have only been in office for less than six months but we where clearly going to steady the disaster that Lowe and Wilde had created. He even had the backing of the bank.

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they seem to think they will look good by keeping it going - all of them!

 

Had Lowe's media round, and both Wilde and Crouch are saying their bits in echo.

 

Losers the lot of them - and bad ones!

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

Can't say I am surprised Wilde was against it! He would have had to pay £2m for the privilege of being sacked and then also personally pay compensation to Wotte and JP!

 

 

Now i think about it this post is very misleading as two offers where made and what you have said is a mixture of both. Wilde wouldnt of been paying anything if he actually resigned eh ! LOL

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they seem to think they will look good by keeping it going - all of them!

 

Had Lowe's media round, and both Wilde and Crouch are saying their bits in echo.

 

Losers the lot of them - and bad ones!

 

 

Little Crouch has done wrong whatsover as clearly stated by him. He had his plans in place and was stopped from doing them. He had the backing of the bank and With Pearson we would still be in the Championship and not administration.

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Interesting that JP 'resigned' the same day that Crouch was seen visiting SMS to make the infamous £2m offer (the day of the 'secret' Ujpest game)....perhaps JP got wind of the above conditions and jumped before being pushed? Just a stab in the dark.

 

 

I thought it was scott saints that liked a stab round the dark side?

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:)

just to clarify, it was rejected and offer to negotiate was made, meeting was held at St Marys - on day JP went and at the meeting Crouch declined offer to negotiate or discuss alternative arrangements.

 

I've just got The Echo and I have to say i think the paraphrasing/summation on here doesn't do it justice. For instance it prints out Crouch's agenda for the latter January meeting which says:

 

"The amounts and the terms on which monies may be received by the Company/SFC are to be discussed"

 

which clearly shows Crouch was open to negotiations on the amounts put in by the main shareholders.

 

 

And another point that has been missed is that Crouch states he would have put his £2m in (and further money after that) if Lowe and Wilde just walked away (i.e. there was no requirement for them to match his money if they departed), but Lowe and Wilde requested he brought in £6m before they walked.

 

I think people should be reading the full article which contains many factual statments (such as letters & agendas) as the summation on here does give the full story.

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We are all aware that Crouch has spoken about being willing to put £2m into saints to save it.

 

The echo publishes his offer letter in full, for those out of the area I will summarise;

 

A loan of £2m

 

conditions;

 

lowe matches it

Wilde matches it

Wilde resigns

Crouch becomes chairman

Lowe remains PLC chairman but no involvement with football matters

JP sacked

Wotte sacked

their compensation to be paid personally by Lowe and Wilde

 

 

 

 

All sounds reasonable to me and of course scum like Lowe and Wilde failed to do it and now we are relegated again and have -10 points.

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You gave me both barrels when i suggested that at the time! ;-)

 

 

On a serious note though - I would hazzard a guess... if Lowe had been able to lay his hands on 2mil as spare change, i think he would done a deal with Crouch and dumped Wilde - Stranger things have happened!

 

As to Crouch's motivation: note sure, the cynic in me says to blow his own publicity trumpet, the rational in me say to blow his own publicity trumpet...;-)

 

See my post above as the story NickG has interpreted is not how I would have interpreted it (my earlier comments were based on NickG's rather biased paraphrasing which doesn't do the story justice), particularly the bit that states Crouch would have put his £2m in if Crouch and Wilde had walked, but they demanded £6m to walk.

 

It appears that a £2m+ offer was there, but Lowe and Wilde turned it down.

 

There was also an offer for them to match the investment, and it would also appear that various things were up for negotiation.

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