OldNick Posted 12 May, 2009 Share Posted 12 May, 2009 To me Fry is losing his way.At first i was very impressed but Iam now getting concerned he is liking his time in the sun and not really getting to grips with selling the club. Every time we seem to get to a stage that he is about to act then another phantom group seem to appear. I do hope he the administrators fees are not running away too much.As fans we should worry that everty day he takes the less the club comes out with to reinvest in our future. Perhaps of course he is trying to get as much as possible to satisfy the creditors and so we come out with a CVA. I do wonder what the bosses of Fry at Barclays who pulled the plug think, if they are going to get an even worse settlement than he had thought and his strange decision/advice may have backfired on them. All for a 100k the man who is a supposed saints fan (Fry at Barclays) may have not only cemented our relegation but also a minus 25 points next season.Well done to you and anybody who gave you the inclination to push Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 I agree. Every day he stay the bigger his eventual bill is. It's in his interest to string it out as long as possible. Link to comment Share on other sites More sharing options...
John B Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) To me Fry is losing his way.At first i was very impressed but Iam now getting concerned he is liking his time in the sun and not really getting to grips with selling the club. Every time we seem to get to a stage that he is about to act then another phantom group seem to appear. I do hope he the administrators fees are not running away too much.As fans we should worry that everty day he takes the less the club comes out with to reinvest in our future. Perhaps of course he is trying to get as much as possible to satisfy the creditors and so we come out with a CVA. I do wonder what the bosses of Fry at Barclays who pulled the plug think, if they are going to get an even worse settlement than he had thought and his strange decision/advice may have backfired on them. All for a 100k the man who is a supposed saints fan (Fry at Barclays) may have not only cemented our relegation but also a minus 25 points next season.Well done to you and anybody who gave you the inclination to push Ridiculous Post how on earth do you know what is going on Give the administrator a chance he cant sell the club if no one wants to buy it at a reasonable price Edited 12 May, 2009 by John B Link to comment Share on other sites More sharing options...
bungle Posted 12 May, 2009 Share Posted 12 May, 2009 This is all getting very silly. I cannot believe that any other club has had hero worship, followed by silly criticism, of an administrator - a man who is paid to do a professional job, which is secure money for creditors. I frankly find all this very embarrassing, but it sums up Saints fans no end. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 This is all getting very silly. I cannot believe that any other club has had hero worship, followed by silly criticism, of an administrator - a man who is paid to do a professional job, which is secure money for creditors. I frankly find all this very embarrassing, but it sums up Saints fans no end. Im sorry to have a view Link to comment Share on other sites More sharing options...
Burger Posted 12 May, 2009 Share Posted 12 May, 2009 So is our fate in the hand of 2 Fry's......is this why people on here keeping saying the key day is Fryday Link to comment Share on other sites More sharing options...
kpturner Posted 12 May, 2009 Share Posted 12 May, 2009 All for a 100k the man who is a supposed saints fan (Fry at Barclays) may have not only cemented our relegation but also a minus 25 points next season.Well done to you and anybody who gave you the inclination to pushCouldn't make any sense of this post - and who is Fry at Barclays? Presumably not Mark Fry from Begbies Traynor. Link to comment Share on other sites More sharing options...
Suhari Posted 12 May, 2009 Share Posted 12 May, 2009 I agree. Every day he stay the bigger his eventual bill is. It's in his interest to string it out as long as possible. Right. That is exactly what administrators do. They make lots of money and have massive expense accounts while the creditors they serve sit around and watch. In fact I am sure the creditors are actively encouraging Fry to take his time. I am sure they have no interest at all in getting any of their money back. Perhaps he is playing golf at this very moment? Link to comment Share on other sites More sharing options...
SW11_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 Do you, Guided Missile/19Canteen etc. have some sort of axe to grind? Just let the guy do his job FFS and then we'll find out who is going to take over. It helps no ones mood to spread doom and gloom or criticise the administrator. We won't know anything until the time is right - it's not as if we're talking about buying a pot of paint, these things take time and are, by their nature, complex. Have patience... PS in answer to my own question, of course you and GM/19C have an axe to grind - you are continually trying to smokescreen criticism away from Lowe, the imbecile who took us to relegation AND administration. FYI it doesn't work! Link to comment Share on other sites More sharing options...
Foxstone Posted 12 May, 2009 Share Posted 12 May, 2009 As we are in administration all choices and decisions are completely out of our hands ! Fry is employed to drive the best deal for the creditors and not SFC, and like it or not that is what he is appearing to do. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 12 May, 2009 Share Posted 12 May, 2009 Right. That is exactly what administrators do. They make lots of money and have massive expense accounts while the creditors they serve sit around and watch. In fact I am sure the creditors are actively encouraging Fry to take his time. I am sure they have no interest at all in getting any of their money back. Perhaps he is playing golf at this very moment? sounds like being an administrator is the ideal occupational training to be an MP then. Link to comment Share on other sites More sharing options...
eelpie Posted 12 May, 2009 Share Posted 12 May, 2009 I guess we had better postpone the statue then. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 (edited) Ridiculous Post how on earth do you know what is going on Give the administrator a chanceOf course I give him a chance but the clock is ticking.Allegedly there has been an offer on the table for a while.Now of course it may be derisory, sometimes in life your first offer is your best offer. From my experience in retailing the worlds best buyers appear when there is a sold ticket on item if it is a one off. The minute you say 'well I think the person who was buying it has changed their minds' they are off like a shot. Mark Fry has to get his best price i agree but he also may lose the opportunity to get any buyer. We have been on the market for some weeks now and have whittled it down to perhaps 2. I hope our complacency does not cost us in the long run. Edited 12 May, 2009 by OldNick Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 Right. That is exactly what administrators do. They make lots of money and have massive expense accounts while the creditors they serve sit around and watch. In fact I am sure the creditors are actively encouraging Fry to take his time. I am sure they have no interest at all in getting any of their money back. Perhaps he is playing golf at this very moment? If he wants to he can make the process longer than it needs to be. Link to comment Share on other sites More sharing options...
up and away Posted 12 May, 2009 Share Posted 12 May, 2009 This is all getting very silly. I cannot believe that any other club has had hero worship, followed by silly criticism, of an administrator - a man who is paid to do a professional job, which is secure money for creditors. I frankly find all this very embarrassing, but it sums up Saints fans no end. Next we will get "the very nice bailiff", even made me a cup of tea. Link to comment Share on other sites More sharing options...
kpturner Posted 12 May, 2009 Share Posted 12 May, 2009 Ridiculous Post how on earth do you know what is going on?Same way he knows that Stuart Pearce is our next manager because he spotted him filling his car with fuel. I think he goes to school with my 9 year old and who is this "Fry at Barclays" character that has sprung to life. Link to comment Share on other sites More sharing options...
Puddings and Monkeys Posted 12 May, 2009 Share Posted 12 May, 2009 Im sorry to have a view I don't think he has a problem with you having a view; it's just that the view you have in rather odd. HTH. Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 Of course I give him a chance but the clock is ticking.Allegedly there has been a no offer on the table for a while.Now of course it may be derisory, sometimes in life your first offer is your best offer. From my experience in retailing the worlds best buyers appear when there is a sold ticket on item if it is a one off. The minute you say 'well I think the person who was buying it has changed their minds' they are off like a shot. Mark Fry has to get his best price i agree but he also may lose the opportunity to get any buyer. We have been on the market for some weeks now and have whittled it down to perhaps 2. I hope our complacency does not cost us in the long run. I agree Nick. People will laugh and make sarcastic comments but this is how it is. Link to comment Share on other sites More sharing options...
SW11_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 I don't think he has a problem with you having a view; it's just that the view you have in rather odd. HTH. And it's not based on anything like FACTS! Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 Same way he knows that Stuart Pearce is our next manager because he spotted him filling his car with fuel. I think he goes to school with my 9 year old and who is this "Fry at Barclays" character that has sprung to life. Fry at barclays is the saints fan who allegedly sanctioned our initial over spending. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 Couldn't make any sense of this post - and who is Fry at Barclays? Presumably not Mark Fry from Begbies Traynor.Fry at Barclays was their man who basically oversaw the day to day decisions the club could make in financial terms. He even sat in on board meetings and a so called Saints fan.He was behind Barclays not agreeing to increase our overdraft and so bounce cheques Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 May, 2009 Share Posted 12 May, 2009 Ridiculous Post how on earth do you know what is going on Give the administrator a chance The worry is though John that giving a chance is fair, but it takes time, and we are starting to run out of time. Wages are due, anyone making a bid must do a final due dilligence period in order to confirm the data the administrator has probably provided them, that takes time, will a bidder pay out 400k in wages before they have control of the club? What happens if their lawyers unearth something unexpected. The administrator probably needs to give a go ahead to a buyer today IF the wages are to be paid on time. Delaying the wages means the Football CLub is insolvent, if that happens even IF the deal goes through we could get docked another 15 points. Chances are fine, time isn't, that's the worry Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 And it's not based on anything like FACTS! And of course you know that. Link to comment Share on other sites More sharing options...
SW11_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 I agree Nick. People will laugh and make sarcastic comments but this is how it is. So, you have inside information about the negotiations do you? PS isn't it about time you changed your "location" (or at least changed 'except' to 'accept')? Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 The worry is though John that giving a chance is fair, but it takes time, and we are starting to run out of time. Wages are due, anyone making a bid must do a final due dilligence period in order to confirm the data the administrator has probably provided them, that takes time, will a bidder pay out 400k in wages before they have control of the club? What happens if their lawyers unearth something unexpected. The administrator probably needs to give a go ahead to a buyer today IF the wages are to be paid on time. Delaying the wages means the Football CLub is insolvent, if that happens even IF the deal goes through we could get docked another 15 points. Chances are fine, time isn't, that's the worry It's OK Phil. People don't want to listen to perfectly logical views, they prefer to snipe at people who have given opinions. Link to comment Share on other sites More sharing options...
SW11_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) And of course you know that. I do, because no one bar Mr. Fry and his team have the FACTS. Unless you and Nickh do, in which case, care to share? Edited 12 May, 2009 by SW11_Saint Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 Same way he knows that Stuart Pearce is our next manager because he spotted him filling his car with fuel. I think he goes to school with my 9 year old and who is this "Fry at Barclays" character that has sprung to life. My god you have really enhanced this site. The stuart Pearce thing was tongue in cheek. Lol Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 [/b] So, you have inside information about the negotiations do you? PS isn't it about time you changed your "location" (or at least changed 'except' to 'accept')? My location is a direct quote complete with the misspelling. I'll change it at some point but it isn't a particularly pressing concern. I'm not admitting to any ITK stuff on here I'm just struggling to see why people are so quick to jump down peoples throats. If I remember correctly nickh has a few contacts at the club and has been proved right in the past. Link to comment Share on other sites More sharing options...
kpturner Posted 12 May, 2009 Share Posted 12 May, 2009 Fry at Barclays was their man who basically oversaw the day to day decisions the club could make in financial terms. He even sat in on board meetings and a so called Saints fan.He was behind Barclays not agreeing to increase our overdraft and so bounce chequesSo let me see if I have this right - Fry at Begbies Traynor is losing his way because he hasn't announced the sale of the club yet, and Fry at Barclays is responsible for our relegation and points deduction because he was party to a sound business decision for his employers? Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 I do, because no one bar Mr. Fry and his team have the FACTS. Unless you and NickG do, in which case, care to share? What about the people involved with bids? Link to comment Share on other sites More sharing options...
the stain Posted 12 May, 2009 Share Posted 12 May, 2009 Hope you won't mind me distilling your post, this thread and the majority of the Main Board, thusly: As fans we should worry... I'm off to let a thing I can't control pan out inexorably. Someone PM me when it's over Link to comment Share on other sites More sharing options...
eelpie Posted 12 May, 2009 Share Posted 12 May, 2009 Couldn't make any sense of this post - and who is Fry at Barclays? Presumably not Mark Fry from Begbies Traynor. A different Fry. Can't remember his first name, but as previously posted on this site he was Lowe's mate who sometimes attended SLH Board meetings and alledgedly is the guy who bounced the club's cheque. We appear to be tossed between different frying pans into the fire. Link to comment Share on other sites More sharing options...
kpturner Posted 12 May, 2009 Share Posted 12 May, 2009 My god you have really enhanced this site. Why thank you. Nice of you to say so.....or was that tongue in cheek too? I can't tell because I am not quite on your obviously lofty intellectual level. Link to comment Share on other sites More sharing options...
Scudamore Posted 12 May, 2009 Share Posted 12 May, 2009 I'd like to remember Fry for the halcyon days when he was putting the ball in the back of the net from all angles...and still finding time to have a pint in the local pubs and clubs of Southampton... I fear he's outstayed his welcome as a Saints hero... He'll never get his statue outside the ground at this rate... Link to comment Share on other sites More sharing options...
Ken Tone Posted 12 May, 2009 Share Posted 12 May, 2009 As we are in administration all choices and decisions are completely out of our hands ! Fry is employed to drive the best deal for the creditors and not SFC, and like it or not that is what he is appearing to do. Exactly. We are in administration. It is not a pleasant place to be. How many times does this have to be said? Fry is not working For us. He is not working for the club (or indeed SLH). He is effectively working for the creditors. The feeling of powerlessness is what inevitably comes with administration. We have no say in our destiny. Like I said once before it is like having someone else drive your car, anywhere they want, and with you as a helpless passenger. In fact a helpless passenger with a blindfold on. You can't see where you're going and can only guess from the hints given by noises and movements. I'm delighted it hasn't been much worse (yet!). I feared that he'd be selling off the family silver by now..... lots of players released/paid off/sold for a pittance, the ground sold etc. That he hasn't had to do this yet bodes really well for a proper takeover, and in my view is the best 'rumour' we have. Far more reliable an indication than all the ITKs. Also if Fry wasn't optimistic about getting a plausible buyer we'd be hearing more about plan B, namely getting a financially weak bidder to takeover and run the club with the council buying the ground to lease back. I'm sure we'd hear leaks from the council if that was progressing. So, I am very definitely NITK, but know enough about business practice to remain more optimistic now than I was before we went into admin. K. Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 May, 2009 Share Posted 12 May, 2009 I do, because no one bar Mr. Fry and his team have the FACTS. Unless you and NickG do, in which case, care to share? Re-reading Nick's OP, it is actually a fair opinion, and there are some facts in the public domain that help point in the direction he at least is thinking. 34 sales packs were announced. Interesting that he chose to give a specific number (and lots of leaks around those numbers) Pinnacle appear all over the media, then Fry is having meetings and hopeful (last Tuesday/Wednesday) but not it would seem with Pinnacle but the mystery buyers. MJ's face is then plastered all over the media - how did THAT happen? it certainly doesn't seem to have been done by MJ himself, for one thing there were no quotes and secondly not even any bad spelling. Then yesterday he is suddenly hopeful again with some mystery new bidder. Nick's quote Every time we seem to get to a stage that he is about to act then another phantom group seem to appear. I do hope he the administrators fees are not running away too much.As fans we should worry that everty day he takes the less the club comes out with to reinvest in our future. Not sure we need any more facts there is enough odd evidence to at least form an opnion. What would we as fans prefer? - Finding someone who pays 30 mil to Fry for the club but then has nothing left to invest, or someone who pays him 1 pound and has 30 mil to invest. (Obviously the reality will be a middle ground but I also get the feeling that every last tweak Fry pushes reduces what could be spent on the club. Remember when you INVEST in something you expect a RETURN, I want more investment in the playing side as I believe that gives the fans AND the investor the best chance of getting somewhere Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) Guys i do agree with the fact that all of this is taking a very long time (i thought it would take a while but not this long) but at the end of the day the man has a job to do to get the best for the creditors NOT THE CLUB but creditors. None of us know whats going on, even the ITK's i expect only know snippets of info and chinese whispers. Fry at barclays is the saints fan who allegedly sanctioned our initial over spending. Saints fan or not he was given a job to do which was obviously manage our spending, we massively over spent, as far as i could see he had given us as much rope as we could possibly have (and probably a bit more) which is part of the reason we are in this mess. Nobody is blameless, Lowe started the downfall, and Crouch/Wilde with their obvious financial inabilities helped along the way too. We were heading for relegation anyways and debts were spiralling out of control, from that point i feel the man at barclays had little to know choice whomever he supported he was obviously doing a job watched by HIS bosses. To me Fry is losing his way.At first i was very impressed but Iam now getting concerned he is liking his time in the sun and not really getting to grips with selling the club. Every time we seem to get to a stage that he is about to act then another phantom group seem to appear. I do hope he the administrators fees are not running away too much.As fans we should worry that everty day he takes the less the club comes out with to reinvest in our future. Perhaps of course he is trying to get as much as possible to satisfy the creditors and so we come out with a CVA. I do wonder what the bosses of Fry at Barclays who pulled the plug think, if they are going to get an even worse settlement than he had thought and his strange decision/advice may have backfired on them. All for a 100k the man who is a supposed saints fan (Fry at Barclays) may have not only cemented our relegation but also a minus 25 points next season.Well done to you and anybody who gave you the inclination to push The administrator is not a saints fan, again he is doing a JOB, a job for the creditors and also probably attempting to get as much for his company as possible (thats pretty much what all admin teams do). Of course he is taking his time, looking for the best deal and raking up the expenses, anybody that hero worshiped is a bit deluded TBH and also anyone that is slamming him for taking his time.... he has no real love for the club. The thing is i bet if we rushed into a decision that turned out to be a bunch of jokers with a winning scratchcard the very same people will be slamming him for other reasons !!! Give him some time, let him get the job done and hope and pray all will be well. I feel we will be ok, i couldn't see it going this far if there were no promising negotiations, after all if we come out with nothing i don't expect begbies will get as big of a pay off. *sorry for some of my opinions echoing the above, it took me a while to write whilst cooking breakie Edited 12 May, 2009 by Smirking_Saint ^^^ Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 You realise he can't force anyone to buy Saints? He's trying to convince people to buy a league 1 club with heavy debts in a recession. He's not paid to care, he's paid to do his job. If he can't find a buyer it won't be for want of trying.That is the point, he cant force anybody to buy us but he apparently has had an offer and is waiting for others. If the one party gets frustrated and they walk what aree we left with? His creditors are then left5 in a worse state than they were before so.Talk is cheap and we've had enough of that with buyers over the last few years,if we have an offer then for all parties it may well be best for him to take it.Of course Im not privvy to how much we have left in the kitty to keep us running and again if a local businessman made a loan to pay the last set of wages will he do so again??? if not its good night nurse and all those who are throwing cheap shots will be able to throw their arms up and say 'but nobody told us itmight happen , if only we knew' much like the people who couldnt see the house price dropping and banks overlending. Link to comment Share on other sites More sharing options...
brmbrm Posted 12 May, 2009 Share Posted 12 May, 2009 To me Fry is losing his way.At first i was very impressed but Iam now getting concerned he is liking his time in the sun and not really getting to grips with selling the club. Every time we seem to get to a stage that he is about to act then another phantom group seem to appear. I do hope he the administrators fees are not running away too much.As fans we should worry that everty day he takes the less the club comes out with to reinvest in our future. Perhaps of course he is trying to get as much as possible to satisfy the creditors and so we come out with a CVA. I do wonder what the bosses of Fry at Barclays who pulled the plug think, if they are going to get an even worse settlement than he had thought and his strange decision/advice may have backfired on them. All for a 100k the man who is a supposed saints fan (Fry at Barclays) may have not only cemented our relegation but also a minus 25 points next season.Well done to you and anybody who gave you the inclination to push So what's your point? he should sell the club for whatever he can get in a couple of weeks and if there are no takers wind it up? take anything from a fire sale in the first few weeks? "First come first served"? Nonsense Link to comment Share on other sites More sharing options...
Arcadian Posted 12 May, 2009 Share Posted 12 May, 2009 That is the point, he cant force anybody to buy us but he apparently has had an offer and is waiting for others. If the one party gets frustrated and they walk what aree we left with? His creditors are then left5 in a worse state than they were before so.Talk is cheap and we've had enough of that with buyers over the last few years,if we have an offer then for all parties it may well be best for him to take it.Of course Im not privvy to how much we have left in the kitty to keep us running and again if a local businessman made a loan to pay the last set of wages will he do so again??? if not its good night nurse and all those who are throwing cheap shots will be able to throw their arms up and say 'but nobody told us itmight happen , if only we knew' much like the people who couldnt see the house price dropping and banks overlending. The buyer is in the driving seat, not the administrator. Try and understand the process involved rather than get frustrated because things aren't happening quick enough. Link to comment Share on other sites More sharing options...
John B Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) That is the point, he cant force anybody to buy us but he apparently has had an offer and is waiting for others. If the one party gets frustrated and they walk what aree we left with? His creditors are then left5 in a worse state than they were before so.Talk is cheap and we've had enough of that with buyers over the last few years,if we have an offer then for all parties it may well be best for him to take it.Of course Im not privvy to how much we have left in the kitty to keep us running and again if a local businessman made a loan to pay the last set of wages will he do so again??? if not its good night nurse and all those who are throwing cheap shots will be able to throw their arms up and say 'but nobody told us itmight happen , if only we knew' much like the people who couldnt see the house price dropping and banks overlending. I would imagine that Mr Fry knows how to be an administrator better than most of the ill informed people on this site. Idle speculation is not going to help Mr Fry get a better deal as it is up to the buyer to make a realistic bid. Edited 12 May, 2009 by John B Link to comment Share on other sites More sharing options...
NickG Posted 12 May, 2009 Share Posted 12 May, 2009 These things take time. Don't let lack of an immediate deal make you think he is doing nothing, I have only heard good reports on him. I would be surprised if the announcement is not by close of business tomorrow, but that bit is my guess. I think the delays are actually positive, in that the work he has done keeps identifying possibles and he is thoroughly examining them. I am not aware of anyone being put off by this. Unless one of the late enquiries quickly becomes a full formal detailed offer I would anticipate Fry going to the bird in the hand shortly. My guess would be other ruled out soon and working out the final details with one (my guess MLT's) over next few days. Link to comment Share on other sites More sharing options...
kpturner Posted 12 May, 2009 Share Posted 12 May, 2009 That is the point, he cant force anybody to buy us but he apparently has had an offer and is waiting for others. If the one party gets frustrated and they walk what aree we left with? His creditors are then left5 in a worse state than they were before so.Talk is cheap and we've had enough of that with buyers over the last few years,if we have an offer then for all parties it may well be best for him to take it.Of course Im not privvy to how much we have left in the kitty to keep us running and again if a local businessman made a loan to pay the last set of wages will he do so again??? if not its good night nurse and all those who are throwing cheap shots will be able to throw their arms up and say 'but nobody told us itmight happen , if only we knew' much like the people who couldnt see the house price dropping and banks overlending.....but how do you know this to be true? Today's echo has him reporting that he is about to finalise discussions with Pinnacle today and hopes to align himself with a serious bidder within 48 hours. Radio Solent has (haven't heard it) an interview with Fry stating that there are no bids yet. This could mean just that, or it could be "no acceptable bids yet". So are you speculating that he has an offer already and is waiting for others, or do you know this to be true? Could it be that if it is true, that it would not be in anyones interest to accept it even if "Rome is burning" because it is so derisory. Perhaps the only offer is from Marc Jackson. Do you really want him to accept that and damn the rest? Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 The buyer is in the driving seat, not the administrator. Try and understand the process involved rather than get frustrated because things aren't happening quick enough. If there are competing bids then how are the buyers in the driving seat? Especially if there is a limit to what the creditors will accept and if CVAs are brought into it. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 That is the point, he cant force anybody to buy us but he apparently has had an offer and is waiting for others. If the one party gets frustrated and they walk what aree we left with? His creditors are then left5 in a worse state than they were before so.Talk is cheap and we've had enough of that with buyers over the last few years,if we have an offer then for all parties it may well be best for him to take it.Of course Im not privvy to how much we have left in the kitty to keep us running and again if a local businessman made a loan to pay the last set of wages will he do so again??? if not its good night nurse and all those who are throwing cheap shots will be able to throw their arms up and say 'but nobody told us itmight happen , if only we knew' much like the people who couldnt see the house price dropping and banks overlending. No way... if someone was willing to put good money into a league 1 club with -10 points they are not going to walk away. Christ, the money men would know how this all works, they are not buying a packet of biscuits or a panini football sticker. It is Fry's job to pick the best deal, not rush into the first option, plus he is being PAID to wait for the best deal. I know it is frustrating but this is what administration brings, see the reality for what it is. Plus all the crap popping up in the media i expect is pure speculation with a few puffs of smoke to back it up thats all. As for having enough buyers over the years, i expect we would have been bought out and nowhere near this mess if Lowe was not such a money grabbing inept........ you get the idea Link to comment Share on other sites More sharing options...
aintforever Posted 12 May, 2009 Share Posted 12 May, 2009 Dumb thread, considering you know nothing about what is going on. Almost as dumb as the Mr Fry is great thread. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 So what's your point? he should sell the club for whatever he can get in a couple of weeks and if there are no takers wind it up? take anything from a fire sale in the first few weeks? "First come first served"? Nonsense Well it deoends how long the offer has been sitting on the table. From various sources I have been told that there has been an offer on the table for nearly a week but the verbal offer was 2 weeks ago. He of course should give the opportunity for others to bid but he may be running the risk that thye lose interest and withdraw. I wonder sometines if the fans want him to extract more from the buyers as though us as a club gets it. We should not want the buyer drained of so much capital that they have nothing left to spend on the squad. I assume fans have pinned their hopes on Pinnacle getting the bid accepted, perhaps their publicising MLT's backing was indeed a masterstroke. A bird in the hand has always served me well and at times I may have achieved higher prices but I have learnt that there is so much talk with little backing with so many people. Link to comment Share on other sites More sharing options...
OldNick Posted 12 May, 2009 Author Share Posted 12 May, 2009 No way... if someone was willing to put good money into a league 1 club with -10 points they are not going to walk away. Christ, the money men would know how this all works, they are not buying a packet of biscuits or a panini football sticker. It is Fry's job to pick the best deal, not rush into the first option, plus he is being PAID to wait for the best deal. I know it is frustrating but this is what administration brings, see the reality for what it is. Plus all the crap popping up in the media i expect is pure speculation with a few puffs of smoke to back it up thats all. As for having enough buyers over the years, i expect we would have been bought out and nowhere near this mess if Lowe was not such a money grabbing inept........ you get the idea Lol, RL is a money grabbing... but you Ok Fry stalling. Link to comment Share on other sites More sharing options...
hypochondriac Posted 12 May, 2009 Share Posted 12 May, 2009 Well it deoends how long the offer has been sitting on the table. From various sources I have been told that there has been an offer on the table for nearly a week but the verbal offer was 2 weeks ago. He of course should give the opportunity for others to bid but he may be running the risk that thye lose interest and withdraw. I wonder sometines if the fans want him to extract more from the buyers as though us as a club gets it. We should not want the buyer drained of so much capital that they have nothing left to spend on the squad. I assume fans have pinned their hopes on Pinnacle getting the bid accepted, perhaps their publicising MLT's backing was indeed a masterstroke. A bird in the hand has always served me well and at times I may have achieved higher prices but I have learnt that there is so much talk with little backing with so many people. I've heard he's been mucking around playing games to get the most money. I hope it doesn't backfire. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 12 May, 2009 Share Posted 12 May, 2009 Lol, RL is a money grabbing... but you Ok Fry stalling. Never said i was ok with the fact that he is stalling for money reasons... more that he is attempting to get the best deal for himself. My arguement was just to point out the fact that both the Fry's have a job to do, and as far as work is concerned everyone is out to get the best deal for themselves, it's just how the world works. Mark fry has no ties with saints other then gaining a better outcome for his bosses. I would rather he didn't gain thousands out of our misery but unfortunately it's a means to an end and now unavoidable. As for Lowe, i honestly believe he came back to attempt to rescue us (though by that point we were doomed and he did a pretty poor job) but the fact is he lost good managers due to lack of funding, premiership status and then lost potential bidders due to him attempting to gain a better outcome for himself at a time when it was unlikely. Link to comment Share on other sites More sharing options...
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