Barclays Action

[docker-p]

Saints employees, decent people with mortgages or rents to pay and families to feed, are being hung our to dry by the administrator appointed by Barclays Bank, by refusing to pay their wages.

The very same Barclays bank that pours 10's of millions into the Premiership every year, but for a tiny fraction of that is prepared to risk a decent community club, and play hard ball with the employees livelihood.

 

I think it's time all decent Saints fans closed down their bank accounts with Barclays Bank.

[Chez]

Barclays join Goodmans, Ty Baby, Oki, South Coast Fiat, KJC, Bishops printers and the rest as non existant companies in my mind.

[Rocker268]

its made even worse when you think of the salaries and the lifestyle of the people that make that decision as well

[Mole]

A protest outside Barclays bank would be good.

[BigShadow]

All my interactions - personal and business - with Barclays only lead me to conclude they don't give a toss about small business or the average individual.

 

Protest all you like - they'll probably get a kick out of it. Personally, I wouldn't give them the satisfaction.

[Saints Mad Si]

They also will probably earn money from the members of the staff who bank with them who will go into overdrafts, have direct debits stopped and cheques bouncing after not being paid. I hate all banks, always happy to give you credit but when things go t*ts up they are the first to jump on you.

[saint_mears]

This is sadly happening all over the country at this moment in time.

[benjii]

Or... we could have just sold a player in January and none of this would have happened.

 

FFS - has everyone turned French?

[docker-p]

Or... we could have just sold a player in January and none of this would have happened.

 

FFS - has everyone turned French?

 

Are you alluding to those French that every time something happens that they don't like they take direct action; and as a result ninety-nine times out of a hundred get their way?

Edited 29 May, 2009 by docker-p

[Ponty]

We could learn a lot from the French about social uprising.

[trousers]

the administrator appointed by Barclays Bank

 

Begbies Traynor were actually appointed by the SLH board (according to the wording of the LSE announcment), but I appreciate the underlying point/sentiment.

[darren]

why can't the club sell some season tickets?

[Nineteen Canteen]

Saints employees, decent people with mortgages or rents to pay and families to feed, are being hung our to dry by the administrator appointed by Barclays Bank, by refusing to pay their wages.

The very same Barclays bank that pours 10's of millions into the Premiership every year, but for a tiny fraction of that is prepared to risk a decent community club, and play hard ball with the employees livelihood.

 

I think it's time all decent Saints fans closed down their bank accounts with Barclays Bank.

 

Don't think so when they offer one of the best ISA rates at 3.61% and a massive savings rate of 6% on a regular savers account up to £250pm. Direct your anger at some of those overpaid footballers who could have taken a 50% hit on their salary to ensure those lower down the food chain got paid.

 

My guess is that if Barclays could walkaway from the the Premiership they would as RBS have proved the folly of over doing the sports sponsorship.

 

Decent community club, hard done by staff, Barclays spending millions to prop up its own business not to mention what it wastes in advertising and sponsorship. I think it's time we all wake up to teh reality of administration the same as any other customer or employee of a much loved organisation. Barclays want what they are entitled to because we failed to generate a bit of extra revenue to avoid busting our credit limit by a couple of hundred thousand. Lets look within ourselves before we start acting petulantly towards a bank or other convienient scapegoats. It's not Barclays fault we folded a winning hand.

[Nineteen Canteen]

why can't the club sell some season tickets?

 

To protect people like you

[Nineteen Canteen]

We could learn a lot from the French about social uprising.

 

Good idea until we get invaded and then have to hope that someone will bail us out / fight our corner. Do you think Leon Crouch might have some French lineage?

[darren]

i don't mind riskin my money and maybe there will be 1-2000 more like me

if some people can't then don't buy

[trousers]

Don't think so when they offer one of the best ISA rates at 3.61% and a massive savings rate of 6% on a regular savers account up to £250pm. Direct your anger at some of those overpaid footballers who could have taken a 50% hit on their salary to ensure those lower down the food chain got paid.

 

My guess is that if Barclays could walkaway from the the Premiership they would as RBS have proved the folly of over doing the sports sponsorship.

 

Decent community club, hard done by staff, Barclays spending millions to prop up its own business not to mention what it wastes in advertising and sponsorship. I think it's time we all wake up to teh reality of administration the same as any other customer or employee of a much loved organisation. Barclays want what they are entitled to because we failed to generate a bit of extra revenue to avoid busting our credit limit by a couple of hundred thousand. Lets look within ourselves before we start acting petulantly towards a bank or other convienient scapegoats. It's not Barclays fault we folded a winning hand.

 

So why did Lowe lay into them in his leaving interview with Sky News last month?

[Nineteen Canteen]

i don't mind riskin my money and maybe there will be 1-2000 more like me

if some people can't then don't buy

 

Darren with respect put your money in one of Barclays very competitive savings accounts until such time we hopefully need to buy a season ticket.

[Nineteen Canteen]

So why did Lowe lay into them in his leaving interview with Sky News last month?

 

Just another misguided soul or wanting to avoid laying the blame elsewhere just in case the door is left ajar.

[La BoIS Saint]

My mortgage is 0.95 above base with Woolwich now Barclays. Don't think I'm going to chuck that in to prove a point.

[Nineteen Canteen]

My mortgage is 0.95 above base with Woolwich now Barclays. Don't think I'm going to chuck that in to prove a point.

 

You must be a skate;)

[Window Cleaner]

Saints employees, decent people with mortgages or rents to pay and families to feed, are being hung our to dry by the administrator appointed by Barclays Bank, by refusing to pay their wages.

The very same Barclays bank that pours 10's of millions into the Premiership every year, but for a tiny fraction of that is prepared to risk a decent community club, and play hard ball with the employees livelihood.

 

I think it's time all decent Saints fans closed down their bank accounts with Barclays Bank.

 

 

But Docker,once we were into admin we were never ever going to a see another brass farthing of Barclay's money.If they were willing to lend us more(with string attached) they wouldn't have bounced cheques in the first place.They probably even siphoned off a slab of the gate receipts from the last 3 home games.

I have expressed the view time and time again, that all this was taking too long and that nothing was going to happen before really drastic measures would be needed. Facts seem to bear out my theory.

[del boy]

bankers

[Master Bates]

A protest outside Barclays bank would be good.

 

I work in London Road and spit on the Barclays everytime I go past. Even got my sister to close her account.

[CB Fry]

What a ridiculous thread.

 

Southampton Football Club is not a bloody rural post office. It's a sizable business who owe money they can't afford to pay back and, well, the cheek of it, the creditors want some of that money back. What a disgrace.

 

 

Seems to me people want businesses to run up massive debts left right and centre and then use their staff having families to feed as some kind of human shield.

 

 

Sorry, it does happen. SFC is not the first, or last business to go through something like that. I was made redundant three years ago, I bet at least half the working adults on this forum have been, or know someone that has been too.

 

Sorry, it happens. I can't see anything Barclays has done specifically that is so wrong here (beyond the wider context of lending too much to everyone over the last decade, of course.)

[SaintRichmond]

why can't the club sell some season tickets?

 

For what exactly ?? .... technically, at the moment ....WE DO NOT EXIST

[docker-p]

What a ridiculous thread.

 

Southampton Football Club is not a bloody rural post office. It's a sizable business who owe money they can't afford to pay back and, well, the cheek of it, the creditors want some of that money back. What a disgrace.

 

 

Seems to me people want businesses to run up massive debts left right and centre and then use their staff having families to feed as some kind of human shield.

 

 

Sorry, it does happen. SFC is not the first, or last business to go through something like that. I was made redundant three years ago, I bet at least half the working adults on this forum have been, or know someone that has been too.

 

Sorry, it happens. I can't see anything Barclays has done specifically that is so wrong here (beyond the wider context of lending too much to everyone over the last decade, of course.)

Your values must be different to mine mate.

A bank worth billions ,even today, pouring millions into Football to improve their image, while allowing the wages of SFC staff to be used as some sort of bargaining chip. At the very least stinks of hypocracy.

[Pancake]

My mate John used to employ my Dad. John got a loan from Lloyds TSB to pay for some business stuff he needed. Over the years he added to this loan until Lloyds turn around and said that he needed to reduce it by half. John, knowing his business was losing money anyway, tried to pay it back as best he could but he missed out the deadline by about £2000. It was just teh tip of teh iceberg as John hadnt run the business very well at all and had made a fair few bad decisions on managers and staff (too high wages and pay offs). John's company went into administration. The Administrator asked my Dad to work for a few weeks with no pay to see what panned out. My Dad was upset at this, but what should he do?

 

1) take it out in John who ran his business badly, and by some terrible decisions created the sitiation of administration

 

2) take it out on the Bank that lent John the money in good faith, and who simply wanted to get the money back

 

Only on this board would people choose (2).

[CB Fry]

Your values must be different to mine mate.

A bank worth billions ,even today, pouring millions into Football to improve their image, while allowing the wages of SFC staff to be used as some sort of bargaining chip. At the very least stinks of hypocracy.

 

 

I've got more sympathy for ordinary people getting their homes repossessed, their small businesses shut down, their pension schemes closing and being made redundant up and down the country through no fault of their own, but at the hands of lots of rich people making bets with everyone else's money.

 

Don't lecture me about "values" when you're bleating about a business currently paying nine or ten employees upwards of five thousand pounds every single week.

[CB Fry]

My mate John used to employ my Dad. John got a loan from Lloyds TSB to pay for some business stuff he needed. Over the years he added to this loan until Lloyds turn around and said that he needed to reduce it by half. John, knowing his business was losing money anyway, tried to pay it back as best he could but he missed out the deadline by about £2000. It was just teh tip of teh iceberg as John hadnt run the business very well at all and had made a fair few bad decisions on managers and staff (too high wages and pay offs). John's company went into administration. The Administrator asked my Dad to work for a few weeks with no pay to see what panned out. My Dad was upset at this, but what should he do?

 

1) take it out in John who ran his business badly, and by some terrible decisions created the sitiation of administration

 

2) take it out on the Bank that lent John the money in good faith, and who simply wanted to get the money back

 

Only on this board would people choose (2).

 

Apparently, people with "values" would chose (2). Spend, spend, spend, spend then cry poverty when the day to pay comes. That's "values".

[docker-p]

I've got more sympathy for ordinary people getting their homes repossessed, their small businesses shut down, their pension schemes closing and being made redundant up and down the country through no fault of their own, but at the hands of lots of rich people making bets with everyone else's money.

 

Don't lecture me about "values" when you're bleating about a business currently paying nine or ten employees upwards of five thousand pounds every single week.

 

And dont the 'ordinary' people of SFC, stand the risk of having their homes repossessed? The ticket office staff, groundsmen, etc etc.

I'm not talking about players, they are big enough and ugly enough to look after themselves.

The people who actually work at SMS left hung out to dry by no fault of their own because Barclays wouldn't even cover this months wages, while they are happy to pump millions into the Premiership.

I hope the same never happens to you CBFry.

[Pancake]

And dont the 'ordinary' people of SFC, stand the risk of having their homes repossessed? The ticket office staff, groundsmen, etc etc.

I'm not talking about players, they are big enough and ugly enough to look after themselves.

The people who actually work at SMS left hung out to dry by no fault of their own because Barclays wouldn't even cover this months wages, while they are happy to pump millions into the Premiership.

I hope the same never happens to you CBFry.

 

Sorry mate, Barclay's (just like the rest of the Banks) are not a registered charity and dont go round handing out money to ailing businesses with little hope of return. They are a BIG business, and they got like that by calling in bad debts.

 

Yes, I do feel for the staff at SLH and SFC. A couple of my friends have been in similar situations this past year in their lines of work; but the blame lies squarely with the Board of SLH for allowing the company to get into such a state.

[VectisSaint]

Saints employees, decent people with mortgages or rents to pay and families to feed, are being hung our to dry by the administrator appointed by Barclays Bank, by refusing to pay their wages.

The very same Barclays bank that pours 10's of millions into the Premiership every year, but for a tiny fraction of that is prepared to risk a decent community club, and play hard ball with the employees livelihood.

 

I think it's time all decent Saints fans closed down their bank accounts with Barclays Bank.

Nice sentiments Docker, but some of us have boycotted Barclays since the 60s when they propped up the racist government in South Africa and prolonged apartheid. However, they are not the villains in this case, the real villains of the piece are Lowe and Wilde. They are the ones who should be putting their hands in their pocket to help out the staff they employed (not the players) as Leon Crouch apparently has already done. But oh no, they walk away and get away with it scott free, bastards.

[ShirleySaint]

My mortgage is 0.95 above base with Woolwich now Barclays. Don't think I'm going to chuck that in to prove a point.

 

Join the Britannia (a MUTUAL building society) and only pay 0.4% above base rate.

[paulwantsapint]

If the honest staff members not the players aren't gettin paid surely they become creditors so should the admin push to find a way to get them some money

 

Or is it another way to cut the wage bill by hoping that they walk away without redundancy pay?

[Frank's cousin]

What a ridiculous thread.

 

Southampton Football Club is not a bloody rural post office. It's a sizable business who owe money they can't afford to pay back and, well, the cheek of it, the creditors want some of that money back. What a disgrace.

 

 

Seems to me people want businesses to run up massive debts left right and centre and then use their staff having families to feed as some kind of human shield.

 

 

Sorry, it does happen. SFC is not the first, or last business to go through something like that. I was made redundant three years ago, I bet at least half the working adults on this forum have been, or know someone that has been too.

 

Sorry, it happens. I can't see anything Barclays has done specifically that is so wrong here (beyond the wider context of lending too much to everyone over the last decade, of course.)

 

You right naturally in a logical sense CB, but I cant help feeling that there was a way out of this but for a few months grace and the transfer window opening. Had they held off until now, we would ahve been able to sell those least committed and most valuable - those high earners now willing to move as they dont want a L1 club and togther with advanced ST sales, would have allowed for the continued restructuring initiated - and thus likely to get a full return on their debt?

[The9]

Boycott schmoycott, it will achieve nothing, just like the alleged anti-Lowe boycott. As I said before, you'd have to destroy or vandalise a branch for anyone to even notice.

[Leicestersaint]

Barclays Bank is a disgrace - always has been.

[jam]

Erm, shouldn't people be ****ed that Barclay's didn't see fit to see the club through to the end of the season before bouncing cheques rather than the fact that they're not dipping into their pockets to pay another company's wage bill?

 

Surely it was blindingly obvious to everyone that when we went into admin people would stop getting paid?

 

Just like any small business that trades with the club and is owed money is going to have to take a big hit at a time when they don't need it.

[CB Fry]

And dont the 'ordinary' people of SFC, stand the risk of having their homes repossessed? The ticket office staff, groundsmen, etc etc.

I'm not talking about players, they are big enough and ugly enough to look after themselves.

The people who actually work at SMS left hung out to dry by no fault of their own because Barclays wouldn't even cover this months wages, while they are happy to pump millions into the Premiership.

I hope the same never happens to you CBFry.

 

 

Err - I've already said, the same thing has happened to me.

 

Of course the ordinary people working at Saints have my sympathy.

 

But it isn't Barclays fault, certainly not their fault primarily, so suggesting a boycott of Barclays is just ludicrous.

 

If your values dictate that the millions pumped into the Premier League is so wrong, lets hope I never catch you moaning about the fact we're not in it anymore.

[ooohTerryHurlock]

Err - I've already said, the same thing has happened to me.

 

Of course the ordinary people working at Saints have my sympathy.

 

But it isn't Barclays fault, certainly not their fault primarily, so suggesting a boycott of Barclays is just ludicrous.If your values dictate that the millions pumped into the Premier League is so wrong, lets hope I never catch you moaning about the fact we're not in it anymore.

 

Get ready for it........

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I AGREE WITH YOU!!!!!!!!!! WOW!

 

 

 

Off the same hymnsheet at last, now i'm really smiling Jelly Man!

[CB Fry]

Get ready for it........

 

I AGREE WITH YOU!!!!!!!!!! WOW!

 

 

 

Off the same hymnsheet at last, now i'm really smiling Jelly Man!

 

 

you're a slow learner, but welcome aboard at last

[docker-p]

Err - I've already said, the same thing has happened to me.

 

Of course the ordinary people working at Saints have my sympathy.

 

But it isn't Barclays fault, certainly not their fault primarily, so suggesting a boycott of Barclays is just ludicrous.

 

If your values dictate that the millions pumped into the Premier League is so wrong, lets hope I never catch you moaning about the fact we're not in it anymore.

 

Where did I say any of this was Barclays fault?

It's the fault of Lowe.

However if you are comfortable with Barclays PR machine paying out millions to football on the one hand, and not allowing staff too be paid at SMS for the wont of a few thousand on the other thats your politics.

Edited 29 May, 2009 by docker-p

[John Smith]

Whereas I understand the knee jerk reaction to this, I think you should remember that due to Saints not paying their creditors (local business), some families are struggling to pay the bills and may well be laid off. Are we suggesting a ban on all that is SFC (SLH)?

 

As much as I despise the banking institution, they exist for one reason only, to make money! Just recently, they failed to do this and the whole fecking world has collapsed! I hate banks!

[The Cat]

Barclays should be boycotted for the fact they helped fund the apartheid government in South Africa and also loaned Robert Mugabe a shed load of money.

 

Why would anyone want to bank with a company of such dubious ethics? Oh, yeah, they give you a few pence more in interest rates on your ISA. Well screw the people who died, had the houses illegally taken and lives destroyed because my topped up ISA is out performing yours.

[kpturner]

It's the fault of Lowe.

How so?

[SO16_Saint]

A protest outside Barclays bank would be good.

 

A protest outside Barclays would be pointless.

 

This situation is NOT solely Barclays making.

 

Yes, its sad that they're not going to get paid this month. But are you going to protest outside of the head offices of GM if/when they go bust and 15000 people get made redundant shortly?

 

get a grip people.

[docker-p]

Whereas I understand the knee jerk reaction to this, I think you should remember that due to Saints not paying their creditors (local business), some families are struggling to pay the bills and may well be laid off. Are we suggesting a ban on all that is SFC (SLH)?

 

As much as I despise the banking institution, they exist for one reason only, to make money! Just recently, they failed to do this and the whole fecking world has collapsed! I hate banks!

 

It's a very fair point about local business, but that was a mess caused by Lowe.

We are where we are now and the administrator is still talking to prospective buyers, i think Barclays should pay the staff of SLH while that is still on going.

Morals and banks are not natural bedfellows I know, especially Barclays as Vectis Saint points out

[JohnnyFartPants]

The club borrowed money and couldnt pay it back. The bank is not a charity and after many months called it in. Banks are to blame for a lot right now but not this case.

[kpturner]

The club borrowed money and couldnt pay it back. The bank is not a charity and after many months called it in. Banks are to blame for a lot right now but not this case.

....other than the fact that they fell over themselves to lend the money, acting like bloody salesmen. That doesn't excuse the stupidity of taking it when you cannot pay it back though.