Rocker268 Posted 18 May, 2009 Share Posted 18 May, 2009 http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/8055407.stm I had a quick look but couldn't see the link anywhere else, not much more than was on the radio really Link to comment Share on other sites More sharing options...
trousers Posted 18 May, 2009 Share Posted 18 May, 2009 Bugger Link to comment Share on other sites More sharing options...
Ivan Katalinic's 'tache Posted 18 May, 2009 Share Posted 18 May, 2009 Bugger Indeed Link to comment Share on other sites More sharing options...
Saints foreva Posted 18 May, 2009 Share Posted 18 May, 2009 Oh great. Link to comment Share on other sites More sharing options...
John B Posted 18 May, 2009 Share Posted 18 May, 2009 Bugger Bugger Bugger Link to comment Share on other sites More sharing options...
aqbadger Posted 18 May, 2009 Share Posted 18 May, 2009 Now I am worried Link to comment Share on other sites More sharing options...
Saint_Jonny Posted 18 May, 2009 Share Posted 18 May, 2009 well this could be it then. Come on Mr Fry, think of the FANS that see this club as home and take what the bidders are offering. You can save this town! Link to comment Share on other sites More sharing options...
Um Bongo Posted 18 May, 2009 Share Posted 18 May, 2009 Oh dear. Link to comment Share on other sites More sharing options...
OldNick Posted 18 May, 2009 Share Posted 18 May, 2009 or Fry has not been effective in giving the go ahead for the bid he had a few weeks ago.At least he would had something to either reject or go forward with Link to comment Share on other sites More sharing options...
SamKimish Posted 18 May, 2009 Share Posted 18 May, 2009 Balls. Link to comment Share on other sites More sharing options...
Appy Posted 18 May, 2009 Share Posted 18 May, 2009 Oh Crumbs. Link to comment Share on other sites More sharing options...
Eyes k8 Posted 18 May, 2009 Share Posted 18 May, 2009 That sounds seriously bad. If the assets are to be split and sold I suggest one of you puts in a bid for the copywtite of the name Southampton Football Club, shouldn't be too much. Anyrate I'll be passing over Southampton going east tonight so I'll say a prayer for you. A lot of deals really are last minute things. Link to comment Share on other sites More sharing options...
Leslie Charteris Posted 18 May, 2009 Share Posted 18 May, 2009 well this could be it then. Come on Mr Fry, think of the FANS that see this club as home and take what the bidders are offering. You can save this town! Sadly, the feelings of the fans are very low on his list of priorities. My feeling is that if enough money is not offered the creditors would rather take a hit and let the club fold than set a precedent and get too few pennies on the pound from a low bid, even if it beats liquidation. Link to comment Share on other sites More sharing options...
John Boy Saint Posted 18 May, 2009 Share Posted 18 May, 2009 Oh Crumbs. Dropped your Hobnobs? Oooooh-Errrrrrrr! Link to comment Share on other sites More sharing options...
Leslie Charteris Posted 18 May, 2009 Share Posted 18 May, 2009 That sounds seriously bad. If the assets are to be split and sold I suggest one of you puts in a bid for the copywtite of the name Southampton Football Club, shouldn't be too much. Anyrate I'll be passing over Southampton going east tonight so I'll say a prayer for you. A lot of deals really are last minute things. Watch it skates. Someone with a sense of humour might get you lot playing home games a SFC to save the cost of building a replacement for your shack! Link to comment Share on other sites More sharing options...
Stirchleysaint Posted 18 May, 2009 Share Posted 18 May, 2009 And they were supposed to be the best bid out there? Effing hell. Link to comment Share on other sites More sharing options...
RinNY Posted 18 May, 2009 Share Posted 18 May, 2009 Just looking at that link, it appears Fry is actually talking about the Pinnacle bid, saying that a deal [with Pinnacle] is now unlikely. It seems to be taking him out of context to suggest that no sale to anyone at all is now likely. Would be good to see a clear and complete statement, rather than these uncontextualised one-liners. Link to comment Share on other sites More sharing options...
Mole Posted 18 May, 2009 Share Posted 18 May, 2009 Don't panic. Link to comment Share on other sites More sharing options...
jamesfp Posted 18 May, 2009 Share Posted 18 May, 2009 "I'm pretty sure there will be a bid fairly shortly," he said. Link to comment Share on other sites More sharing options...
modern matron Posted 18 May, 2009 Share Posted 18 May, 2009 http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/8055407.stm I had a quick look but couldn't see the link anywhere else, not much more than was on the radio really Mark Fry of administrator Begbies Traynor told BBC Radio Solent: "It's very unlikely a transaction [for the club] will be completed." The Pinnacle consortium, backed by Saints legend Matt Le Tissier, has had its deadline extended until late on Monday afternoon. "They haven't delivered what they said [they would]," Fry added I maybe wrong but surely he's not saying that we won't be sold, but that it won't be to the Pinnacle group.....maybe this overseas lot? Link to comment Share on other sites More sharing options...
Ivan Katalinic's 'tache Posted 18 May, 2009 Share Posted 18 May, 2009 Just looking at that link, it appears Fry is actually talking about the Pinnacle bid, saying that a deal [with Pinnacle] is now unlikely. It seems to be taking him out of context to suggest that no sale to anyone at all is now likely. Would be good to see a clear and complete statement, rather than these uncontextualised one-liners. Having re-read the article in non-panic mode, yes I can see what you're saying, as it does appear the Beeb have put a nasty spin on what was said. In the first instance they're intimating it's all over but the end they're talking of other prospective bidders. Nonetheless, I have a feeling that this isn't just squeaky bum time but a full-on toilet assault! Link to comment Share on other sites More sharing options...
Armitage Shanks Posted 18 May, 2009 Share Posted 18 May, 2009 Everyone calm down. I can talk from a working perspective on these type of deals, that there is a lot of brinksmanship when you get down to nailing the final terms. Fry may be wanting a bit more cash and Pinnacle and/or whoever are holding out until the last minute to see if they have to up their bid. There are a lot of games involved - at the end of the day its a business transaction and everyone wants to get the best deal they can. I have seen administrators and their ilk use these kind of words many times before and 99 times out of a 100 a deal is done. It will happen here, I'm very confident about that. Link to comment Share on other sites More sharing options...
70's Mike Posted 18 May, 2009 Share Posted 18 May, 2009 Sadly, the feelings of the fans are very low on his list of priorities. My feeling is that if enough money is not offered the creditors would rather take a hit and let the club fold than set a precedent and get too few pennies on the pound from a low bid, even if it beats liquidation. But who are the Creditors? Norwich Union Barclays Electric Board But who else ? Staff have been paid which is unusual in these circumstances So who is holding out for more? Or is there ACTUALLY no Real Bid from anyone , no matter how small Link to comment Share on other sites More sharing options...
Neil Posted 18 May, 2009 Share Posted 18 May, 2009 Is this really the bitter end? Or is Fry playing cat-and-mouse games with Pinnacle?! Either way I'm worried! Link to comment Share on other sites More sharing options...
Ludwig Posted 18 May, 2009 Share Posted 18 May, 2009 I'm not sure what I'm more stressed about, the exam I haven't revised for this Wednesday or this whole sorry saga. Link to comment Share on other sites More sharing options...
saintjay77 Posted 18 May, 2009 Share Posted 18 May, 2009 Just looking at that link, it appears Fry is actually talking about the Pinnacle bid, saying that a deal [with Pinnacle] is now unlikely. It seems to be taking him out of context to suggest that no sale to anyone at all is now likely. Would be good to see a clear and complete statement, rather than these uncontextualised one-liners. He also gave pinicle till late this arvo to show up with paperwork that would move things forward to a bid. Its not late this arvo yet so he could be jumping the gun a little bit. I also dont get how there are other bids waiting in the wings as surly at this stage they should all be talking to Fry to try and come up with something that he can make a decission on? Or has the last fortnight just been about when Pinnicle may or may not offer? This supposed overseas group for example, Will they be starting from scratch? Due Dilligence and so on? Or are they at the same stage Pinnicle is at? if Fry is dealing with 1 group at a time we could be F5'ing for weeks more until we finally get one that will get to the next step! Link to comment Share on other sites More sharing options...
John B Posted 18 May, 2009 Share Posted 18 May, 2009 It is now on the Echo Site as well http://www.dailyecho.co.uk/sport/saints/news/4376975.Deal_for_Saints_looking__unlikely__says_administrator/ Link to comment Share on other sites More sharing options...
RinNY Posted 18 May, 2009 Share Posted 18 May, 2009 Sadly, the feelings of the fans are very low on his list of priorities. My feeling is that if enough money is not offered the creditors would rather take a hit and let the club fold than set a precedent and get too few pennies on the pound from a low bid, even if it beats liquidation. I'm sure Barclays Bank and Norwich Union would rather have nothing than 35p on the pound instead of 45p on the pound ... NOT! That is not how banks work. I think in Leeds' admin. the creditors ended up with about 7p on the pound, and considered themselves lucky to get that. If Fry knows his business and there is really someone out there willing to buy, a deal will get done, because the banks want some money out of this: it's just a matter of how much they can get. Link to comment Share on other sites More sharing options...
aintforever Posted 18 May, 2009 Share Posted 18 May, 2009 I doubt very much there is an overseas group - I think we're ****ed. Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 18 May, 2009 Share Posted 18 May, 2009 Everyone calm down. I can talk from a working perspective on these type of deals, that there is a lot of brinksmanship when you get down to nailing the final terms. Fry may be wanting a bit more cash and Pinnacle and/or whoever are holding out until the last minute to see if they have to up their bid. There are a lot of games involved - at the end of the day its a business transaction and everyone wants to get the best deal they can. I have seen administrators and their ilk use these kind of words many times before and 99 times out of a 100 a deal is done. It will happen here, I'm very confident about that. I must admit to having no working perspective of administration. But Fry did extend the deadline until late this afternoon - which means that the Pinnacle group must have been v close to doing a deal. As we've not reached the deadline, I take this (IMO) as Fry's get your money on the table call to them & also a warm up for any other group wanting to come in with a late bid. Link to comment Share on other sites More sharing options...
dubsaint Posted 18 May, 2009 Share Posted 18 May, 2009 http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/8055407.stm I had a quick look but couldn't see the link anywhere else, not much more than was on the radio really Having read that i do not believe that its all over, I feel he is just forcing them to come up with the right funds or stop time wasting. Have faith Link to comment Share on other sites More sharing options...
Winchester Exile Posted 18 May, 2009 Share Posted 18 May, 2009 This Fry fella isn't beinmg particularly helpful imo. If a sale is "unlikely" then the other side of that coin is that something else is more likelly. I'd like to know what that is. Link to comment Share on other sites More sharing options...
ShirleySaint Posted 18 May, 2009 Share Posted 18 May, 2009 Just looking at that link, it appears Fry is actually talking about the Pinnacle bid, saying that a deal [with Pinnacle] is now unlikely. It seems to be taking him out of context to suggest that no sale to anyone at all is now likely. Would be good to see a clear and complete statement, rather than these uncontextualised one-liners. Precisely so why doesn't he put a full statement on the OS, so that people can see what was actually said rather than try to interpret the spin that the media put on it? Link to comment Share on other sites More sharing options...
wireframebox Posted 18 May, 2009 Share Posted 18 May, 2009 http://www.dailyecho.co.uk/sport/saints/news/4376975.Deal_for_Saints_looking__unlikely__says_administrator/ Link to comment Share on other sites More sharing options...
Victor Posted 18 May, 2009 Share Posted 18 May, 2009 I suspect it's just that Fry hasn't got to the last chapter of his copy of 'Administration for Dummies'. My heart did sink when I read our administators worked from a back-street office in Southend. Link to comment Share on other sites More sharing options...
TNT Posted 18 May, 2009 Share Posted 18 May, 2009 I cannot see any further than no party (two) have come up with what mark Fry considers to be a realistic value on the whole sale. Hence the rumours of selling the Stadium off on its own. Link to comment Share on other sites More sharing options...
Mole Posted 18 May, 2009 Share Posted 18 May, 2009 I suspect it's just that Fry hasn't got to the last chapter of his copy of 'Administration for Dummies'. My heart did sink when I read our administators worked from a back-street office in Southend. Recomended by W H Ieland though. I wonder if they gave Lowe a back hander. Link to comment Share on other sites More sharing options...
trousers Posted 18 May, 2009 Share Posted 18 May, 2009 I suspect it's just that Fry hasn't got to the last chapter of his copy of 'Administration for Dummies'. My heart did sink when I read our administators worked from a back-street office in Southend. I wonder why Lowe chose them then.....? Link to comment Share on other sites More sharing options...
saintjay77 Posted 18 May, 2009 Share Posted 18 May, 2009 I suspect it's just that Fry hasn't got to the last chapter of his copy of 'Administration for Dummies'. My heart did sink when I read our administators worked from a back-street office in Southend. Isnt that where Saint David Works? :shock: Link to comment Share on other sites More sharing options...
saintjay77 Posted 18 May, 2009 Share Posted 18 May, 2009 I wonder why Lowe chose them then.....? I knew we would find a way for it to be Lowe's fault Link to comment Share on other sites More sharing options...
John B Posted 18 May, 2009 Share Posted 18 May, 2009 I wonder why Lowe chose them then.....? Seems a good reason Begbies Traynor is the UK’s largest and fastest-growing independent practice of Corporate Rescue and Recovery specialists. We provide our services via a nationwide office network, with clients range from small businesses and SMEs to family-run companies and major multinationals. Link to comment Share on other sites More sharing options...
Ponty Posted 18 May, 2009 Share Posted 18 May, 2009 If the club does go under, I'd like to say that it's been a pleasure "working" with you all on here... Link to comment Share on other sites More sharing options...
Ponty Posted 18 May, 2009 Share Posted 18 May, 2009 I mean, I'd like to.... Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 18 May, 2009 Share Posted 18 May, 2009 However? Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 18 May, 2009 Share Posted 18 May, 2009 I mean, I'd like to.... what will you do Ponty? Link to comment Share on other sites More sharing options...
Ponty Posted 18 May, 2009 Share Posted 18 May, 2009 Well, my old mum always said, "If you've got nothing nice to say, say nothing." Link to comment Share on other sites More sharing options...
Ponty Posted 18 May, 2009 Share Posted 18 May, 2009 what will you do Ponty? More proper work and increased levels of masturbation, probably. Link to comment Share on other sites More sharing options...
Frank's cousin Posted 18 May, 2009 Share Posted 18 May, 2009 If the club does go under, I'd like to say that it's been a pleasure "working" with you all on here... Dont worry Ponty - we'll all be supporting Solent United - you heard it here first - we have teh stadium, Pompey the league position and solvency (well at least for the time being) - its obvious is it not, all we need is those clever Photoshoppers to show the new Blue and red striped kit ;-) Link to comment Share on other sites More sharing options...
trousers Posted 18 May, 2009 Share Posted 18 May, 2009 More proper work and increased levels of masturbation, probably. Nice Link to comment Share on other sites More sharing options...
Ponty Posted 18 May, 2009 Share Posted 18 May, 2009 Nice Not at the same time, obviously. Link to comment Share on other sites More sharing options...
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