sidthesquid Posted 11 June, 2009 Share Posted 11 June, 2009 Sorry I'm a simple soul and don't know how to attach a link, but Fansonline are at it again, with another story that Pinnacle are refusing to agree a fair price and didn't pay the full £500k exclusivity. I notice that Marc Jackson gets first mention as an alternative buyer, so am I falling for a conspiracy theory, is Fansonline being fed a line, or are our white knights a little less Dazzer than Daz? ITKs to the rescue please Link to comment Share on other sites More sharing options...
miserableoldgit Posted 11 June, 2009 Share Posted 11 June, 2009 Being generally a "glass half full" kind of person, I am prepared to place more reliance on the stuff that is coming from Pinnacle/TL/Farmer/Doggface/Echo than stories eminating from some strange website that people know very little about. The ITK`s are TL and Farmer. They assure us that all is going to plan and that such stories are BS. You make up your own mind. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 11 June, 2009 Share Posted 11 June, 2009 Would you like us to tell you what we think you might like to know? Or the facts? If it's facts, and the better choice in my humble opinion, then here they are: None of us on here have the slightest clue as to what is exactly happening. We can assume, ponder, guess, draw conclusions and do just about everything else. But we don't have a clue. Fansonline are exactly the same. Desperate to know, frustrated at not knowing but still without a clue. I hope, sincerely, that this helps. Link to comment Share on other sites More sharing options...
70's Mike Posted 11 June, 2009 Share Posted 11 June, 2009 patience Link to comment Share on other sites More sharing options...
ART Posted 11 June, 2009 Share Posted 11 June, 2009 They seem not to know what they are talking about. Elsewhere they say Terry Paine was known as Elvis. Maybe to one or two but to most he was either Painer or Big Head and many other uncomplimentary names. It wasn't that the supporters didn't love his playing skills, just that he tended to be c o c kier off the pitch than when we have whizzing past opponents.b Whilst on the subject, don't they have dentists in South Africa. He's still missing one of his front teeth. Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 11 June, 2009 Share Posted 11 June, 2009 Oi ESB your reply might stop 3 or 4 pages of reading for me during my day your night Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 June, 2009 Share Posted 11 June, 2009 That Marc Jackson. He seems to get everyone cooking up plans to get Pinnacle to fail. Just one small step on the road to world domination. Link to comment Share on other sites More sharing options...
once_bitterne Posted 11 June, 2009 Share Posted 11 June, 2009 I wouldn't be surprised if there is some truth in this. I'm sure it won't be long before we all realise that Pinnacle don't have anything like the amount of cash that some on here are hoping for. I also think there is a very strong likelyhood that they didn't pay anywhere near £500k for exclusivity. Let's just hope that they can cobble enough money to take control of the club so at least we have a team to support next year even if they do have to flog Lalanna, Schnierderlen, McG and Surman. Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 11 June, 2009 Share Posted 11 June, 2009 I wouldn't be surprised if there is some truth in this. I'm sure it won't be long before we all realise that Pinnacle don't have anything like the amount of cash that some on here are hoping for. I also think there is a very strong likelyhood that they didn't pay anywhere near £500k for exclusivity. Let's just hope that they can cobble enough money to take control of the club so at least we have a team to support next year even if they do have to flog Lalanna, Schnierderlen, McG and Surman. All in your opinion of course? Link to comment Share on other sites More sharing options...
OldNick Posted 11 June, 2009 Share Posted 11 June, 2009 I doubt that Pinnacle have paid the 500k either but it doesnt matter as long as they proceed. Link to comment Share on other sites More sharing options...
OldNick Posted 11 June, 2009 Share Posted 11 June, 2009 Ah yes, now the next step in the logical thought process... Who benefits FINACIALLY from 3 weeks of exclusivity? And who benefits IF during that time the buyers are "scared away" and another few weeks have to happen with somebody new...... And of course, who actually gets screwed? Who's money is being eaten up during this time I found this post thought provoking. Are there dark forces around?? Link to comment Share on other sites More sharing options...
charliemiller Posted 11 June, 2009 Share Posted 11 June, 2009 I doubt that Pinnacle have paid the 500k either but it doesnt matter as long as they proceed. Thats about the fifth time you have said that !! Why ? What makes you so sure they didnt pay ?? Link to comment Share on other sites More sharing options...
TheSaint75 Posted 11 June, 2009 Share Posted 11 June, 2009 MJ :smt018 Link to comment Share on other sites More sharing options...
OldNick Posted 11 June, 2009 Share Posted 11 June, 2009 Thats about the fifth time you have said that !! Why ? What makes you so sure they didnt pay ??I dont mean to seem as though they paid nothing, but do wonder tht they paid a reduced amount. To pay 500k just to have look at the books is hell of a risk even to wealthy people. Link to comment Share on other sites More sharing options...
Gemmel Posted 11 June, 2009 Share Posted 11 June, 2009 I also think there is a very strong likelyhood that they didn't pay anywhere near £500k for exclusivity. Whilst we don't know how much the club were short of the original payroll, the fact remains they couldn't. The Pinnacle deposit enabled them to pay the staff, so 500k or not it, was likely to be pretty chunky amount Link to comment Share on other sites More sharing options...
Give it to Ron Posted 11 June, 2009 Share Posted 11 June, 2009 I wouldn't be surprised if there is some truth in this. I'm sure it won't be long before we all realise that Pinnacle don't have anything like the amount of cash that some on here are hoping for. I also think there is a very strong likelyhood that they didn't pay anywhere near £500k for exclusivity. Let's just hope that they can cobble enough money to take control of the club so at least we have a team to support next year even if they do have to flog Lalanna, Schnierderlen, McG and Surman. But we all know he has several hundred million BUT we have to be self sufficient according to Pinnacle....why cant you or anyone accept that as fact? No-one is expecting masses of millions of investment so why post that? You moaned when we heard nothing, moan when we do ....would they have got this far in DD with the administrator if they didn't have 2 brass farthings? I fully expect Lallana, McGoldrick, Surman and Schneiderling to be sold.....that may not be due to no money but just down to them wanting to play higher standard, agents and more wages but there will still be loads like you on here who will use that as a stick to beat Pinnacle with. Link to comment Share on other sites More sharing options...
70's Mike Posted 11 June, 2009 Share Posted 11 June, 2009 But we all know he has several hundred million BUT we have to be self sufficient according to Pinnacle....why cant you or anyone accept that as fact? No-one is expecting masses of millions of investment so why post that? You moaned when we heard nothing, moan when we do ....would they have got this far in DD with the administrator if they didn't have 2 brass farthings? I fully expect Lallana, McGoldrick, Surman and Schneiderling to be sold.....that may not be due to no money but just down to them wanting to play higher standard, agents and more wages but there will still be loads like you on here who will use that as a stick to beat Pinnacle with. losing the first and last players on your list of 4 would not be a loss in terms of playing strength Link to comment Share on other sites More sharing options...
Master Bates Posted 11 June, 2009 Share Posted 11 June, 2009 I can't find it, are they at it like rabbits? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 11 June, 2009 Share Posted 11 June, 2009 But we all know he has several hundred million BUT we have to be self sufficient according to Pinnacle....why cant you or anyone accept that as fact? No-one is expecting masses of millions of investment so why post that? You moaned when we heard nothing, moan when we do ....would they have got this far in DD with the administrator if they didn't have 2 brass farthings? I fully expect Lallana, McGoldrick, Surman and Schneiderling to be sold.....that may not be due to no money but just down to them wanting to play higher standard, agents and more wages but there will still be loads like you on here who will use that as a stick to beat Pinnacle with. Exactly...who gives a toss if they paid £500k for exclusivity...yes I have no doubt all types of shenanigans were going on in order to get Pinnacle to the table....but if this goes through, who the hell cares?? Fresh start, well any start is what we need (within reason). Lallana, McG, Surman, and Schneiderlin to go - looks like progress to me... Out of those 4 only McG showed any progress last season - the other three went backwards as the season progressed...so much for giving the youngsters the opportunity eh?? Lloyd James however got better as the season went on, as did Simon Gillett when he got the opportunity. Link to comment Share on other sites More sharing options...
Evo Posted 11 June, 2009 Share Posted 11 June, 2009 I dont mean to seem as though they paid nothing, but do wonder tht they paid a reduced amount. To pay 500k just to have look at the books is hell of a risk even to wealthy people. Surely* you should think of the wonga as more like putting down a deposit to buy something expensive - you give them a deposit to make sure they don't flog it to someone else why you get your money and your pen ready. Putting a deposit down before you can tell what you're actually buying wouldn't exactly be a brilliant way to do business IMVHO. "I didn't get rich by writing cheques you know". * Don't call me Shirley, Looks like I picked the wrong day to quit glue sniffing etc. etc. Link to comment Share on other sites More sharing options...
merrimd Posted 11 June, 2009 Share Posted 11 June, 2009 I was under the impression that the £500k was used to pay the wages etc. Pinnacle had to pay the money inorder to have a club to buy. If they have not paid the £500k, who paid the salaries? LC did it the previous month but I am sure he would have mentioned doing for a second time! Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 June, 2009 Share Posted 11 June, 2009 Sorry I'm a simple soul and don't know how to attach a link, but Fansonline are at it again, with another story that Pinnacle are refusing to agree a fair price and didn't pay the full £500k exclusivity. I notice that Marc Jackson gets first mention as an alternative buyer, so am I falling for a conspiracy theory, is Fansonline being fed a line, or are our white knights a little less Dazzer than Daz? ITKs to the rescue please Some more facts - as released by the echo..... 1. Pinnacle have paid an 'undisclosed' fee rumoured to be £500k.... 2. They already agreed a price before they entered exclusivity. 3. Marc Jackson is a clown. Link to comment Share on other sites More sharing options...
MarkSFC Posted 11 June, 2009 Share Posted 11 June, 2009 The press release by Mark Fry and David Hudson (joint Administrators) said that an undisclosed non-refundable deposit had been paid Who cares what that is, the employees got paid and their exclusivity period began. Financial due dilegence has already taken place, (so this deposit is NOT to look at the books), but now LEGAL due dilegence is taking place, as I understand things, this is to make sure that the assets being bought, ground, land employees, etc are owned by who they are supposed to be. Why oh why is there this constant negativity around this potential deal??? If it does fall through, I hope all those who doubted it have immense satisfaction "in telling us so"!!!! Idiots!!! I for one love the silence and the secrecy for one reason only, it means to me that they are professional people conducting themselves in a professional manner, and also, are not on the face of it "egotists in it for the koudos and limelight". It makes a fantastic change!!! Sure, I am keen to know who our mystery buyer is, but if it takes till 1159pm on the twenty-first day, then thats fine with me!! Link to comment Share on other sites More sharing options...
Chez Posted 11 June, 2009 Share Posted 11 June, 2009 Lallana, McG, Surman, and Schneiderlin to go - looks like progress to me... Out of those 4 only McG showed any progress last season - the other three went backwards as the season progressed...so much for giving the youngsters the opportunity eh?? Anyone that thinks losing Lallana this summer will benefit the club needs their head looking at. A playes with real talent AND the attitude and effort to match...these are few and far between IMO. Link to comment Share on other sites More sharing options...
Micky Posted 11 June, 2009 Share Posted 11 June, 2009 Who are fansonline ? Link, anybody...??? Link to comment Share on other sites More sharing options...
OldNick Posted 11 June, 2009 Share Posted 11 June, 2009 Surely* you should think of the wonga as more like putting down a deposit to buy something expensive - you give them a deposit to make sure they don't flog it to someone else why you get your money and your pen ready. Putting a deposit down before you can tell what you're actually buying wouldn't exactly be a brilliant way to do business IMVHO. "I didn't get rich by writing cheques you know". * Don't call me Shirley, Looks like I picked the wrong day to quit glue sniffing etc. etc. I know what a deposit is and Im careful not to state a deposit on business i do. Did you realise that if you take a deposit you have to keep the item for 7 years before selling it unless a time is specified for the balance to be paid on the agreement? So in your scenario you pay an non returnable payment just to check the roof of the house you're buying.You have not been allowed in to check it yourself but have relied on the seller that they know 100% the state of it , even though they have only had ownership for 3-4 weeks. Smart move. Pinnacle are obviously very smart and i dont doubt that but if you read the fry statement he doesnt say that they paid 500k but has allowed people to believe that even if it is not the case. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 June, 2009 Share Posted 11 June, 2009 Who are fansonline ? Link, anybody...??? The only fans site left that believe what MJ says Link to comment Share on other sites More sharing options...
trousers Posted 11 June, 2009 Share Posted 11 June, 2009 Link to comment Share on other sites More sharing options...
trousers Posted 11 June, 2009 Share Posted 11 June, 2009 Who are fansonline ? Link, anybody...??? http://www.fansonline.net/southampton/article.php?id=695 Contains the factually incorrect line: "The club have been in administration for now well over two months" Link to comment Share on other sites More sharing options...
Foxstone Posted 11 June, 2009 Share Posted 11 June, 2009 The press release by Mark Fry and David Hudson (joint Administrators) said that an undisclosed non-refundable deposit had been paid Who cares what that is, the employees got paid and their exclusivity period began. Financial due dilegence has already taken place, (so this deposit is NOT to look at the books), but now LEGAL due dilegence is taking place, as I understand things, this is to make sure that the assets being bought, ground, land employees, etc are owned by who they are supposed to be. Why oh why is there this constant negativity around this potential deal??? If it does fall through, I hope all those who doubted it have immense satisfaction "in telling us so"!!!! Idiots!!! I for one love the silence and the secrecy for one reason only, it means to me that they are professional people conducting themselves in a professional manner, and also, are not on the face of it "egotists in it for the koudos and limelight". It makes a fantastic change!!! Sure, I am keen to know who our mystery buyer is, but if it takes till 1159pm on the twenty-first day, then thats fine with me!! Good post and you are so right ! I would imagine the main cause of impatience is eminating from some posters who have nothing to post about currently ! But all that will change in due course. Link to comment Share on other sites More sharing options...
Sheff Saint Posted 11 June, 2009 Share Posted 11 June, 2009 The press release by Mark Fry and David Hudson (joint Administrators) said that an undisclosed non-refundable deposit had been paid Who cares what that is, the employees got paid and their exclusivity period began. Financial due dilegence has already taken place, (so this deposit is NOT to look at the books), but now LEGAL due dilegence is taking place, as I understand things, this is to make sure that the assets being bought, ground, land employees, etc are owned by who they are supposed to be. Why oh why is there this constant negativity around this potential deal??? If it does fall through, I hope all those who doubted it have immense satisfaction "in telling us so"!!!! Idiots!!! I for one love the silence and the secrecy for one reason only, it means to me that they are professional people conducting themselves in a professional manner, and also, are not on the face of it "egotists in it for the koudos and limelight". It makes a fantastic change!!! Sure, I am keen to know who our mystery buyer is, but if it takes till 1159pm on the twenty-first day, then thats fine with me!! Far to rational for some! But agree 100% Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 June, 2009 Share Posted 11 June, 2009 Good post and you are so right ! I would imagine the main cause of impatience is eminating from some posters who have nothing to post about currently ! But all that will change in due course. Pretty sure there is already a thread for people with nothing to post about Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 11 June, 2009 Share Posted 11 June, 2009 I dont mean to seem as though they paid nothing, but do wonder tht they paid a reduced amount. To pay 500k just to have look at the books is hell of a risk even to wealthy people. I think that 500k was a good spend as part of the risk assessment/ decision making process! What if they didn't pay it but just stumped up, say 15 million to complete the deal, only to find a 20 million black hole? Rather the 500k than 15 million plus the black hole? Link to comment Share on other sites More sharing options...
Micky Posted 11 June, 2009 Share Posted 11 June, 2009 http://www.fansonline.net/southampton/article.php?id=695 Contains the factually incorrect line: "The club have been in administration for now well over two months" Cheers trousers - I did actually manage to google it myself in the end though. Isn't this old ground though - haven't we discussed this elsewhere on this board or am I going senile...! Link to comment Share on other sites More sharing options...
Foxstone Posted 11 June, 2009 Share Posted 11 June, 2009 Pretty sure there is already a thread for people with nothing to post about Indeed there is ! But as I hav'nt too much exciting to say, I have yet to post on it . Link to comment Share on other sites More sharing options...
trousers Posted 11 June, 2009 Share Posted 11 June, 2009 Whilst we're guessing who paid last month's salaries, let's not lose sight of the fact that June pay day isn't too far away now....just to keep things cheery Link to comment Share on other sites More sharing options...
trousers Posted 11 June, 2009 Share Posted 11 June, 2009 Cheers trousers - I did actually manage to google it myself in the end though. Isn't this old ground though - haven't we discussed this elsewhere on this board or am I going senile...! "going"....? Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 June, 2009 Share Posted 11 June, 2009 Whilst we're guessing who paid last month's salaries, let's not lose sight of the fact that June pay day isn't too far away now....just to keep things cheery I'm led to believe it is the same day that the 21 day exclusivity period runs out Link to comment Share on other sites More sharing options...
Evo Posted 11 June, 2009 Share Posted 11 June, 2009 I know what a deposit is and Im careful not to state a deposit on business i do. Did you realise that if you take a deposit you have to keep the item for 7 years before selling it unless a time is specified for the balance to be paid on the agreement? So in your scenario you pay an non returnable payment just to check the roof of the house you're buying.You have not been allowed in to check it yourself but have relied on the seller that they know 100% the state of it , even though they have only had ownership for 3-4 weeks. Smart move. Pinnacle are obviously very smart and i dont doubt that but if you read the fry statement he doesnt say that they paid 500k but has allowed people to believe that even if it is not the case. I'm not sure where 7 years come from - 6 years would be normal under the Limitations Act? I'm sure the deposit would have been exchanged under the terms of a contract to cover both parties in any event. As to the house analogy, remember that if the seller misrepresents the item you are selling you have the right to compensation. Caveat emptor only goes so far. The point I was trying to make is that the £x handed over was more to stop Fry selling the club to someone else than a fee to find out what exactly is for sale. You find that out before you get that far in the game. The exact figure was clearly less than £500k but the exact amount is private, that was likely a term of the contract mentioned above. Given the choice between £100k (say) and £0, then Fry would be downright negligent to turn it down. There was probably quite a bit of negotiation to get to whatever figure it was - somewhere between what Fry wanted and what Fry needed. I also don't think that Fry has implied anything in terms of the amount. Others have put words in his mouth, but he cannot be drawn into denying any and every allegation that is thrown at him. Link to comment Share on other sites More sharing options...
trousers Posted 11 June, 2009 Share Posted 11 June, 2009 I'm led to believe it is the same day that the 21 day exclusivity period runs out They couldn't make this any more exciting if they tried.... Link to comment Share on other sites More sharing options...
exit2 Posted 11 June, 2009 Share Posted 11 June, 2009 Sorry but al lthis scare mongering is complete ********. It is either a reoccurance of the email / text from last week, or someone is outhere stirring the ****. As for Pinnacle not paying the £500k!!!! LMFAO Of course they did, hence why someone many people were paid their wages 2 weeks ago Friday. Link to comment Share on other sites More sharing options...
OldNick Posted 11 June, 2009 Share Posted 11 June, 2009 I'm not sure where 7 years come from - 6 years would be normal under the Limitations Act? I'm sure the deposit would have been exchanged under the terms of a contract to cover both parties in any event. As to the house analogy, remember that if the seller misrepresents the item you are selling you have the right to compensation. Caveat emptor only goes so far. The point I was trying to make is that the £x handed over was more to stop Fry selling the club to someone else than a fee to find out what exactly is for sale. You find that out before you get that far in the game. The exact figure was clearly less than £500k but the exact amount is private, that was likely a term of the contract mentioned above. Given the choice between £100k (say) and £0, then Fry would be downright negligent to turn it down. There was probably quite a bit of negotiation to get to whatever figure it was - somewhere between what Fry wanted and what Fry needed. I also don't think that Fry has implied anything in terms of the amount. Others have put words in his mouth, but he cannot be drawn into denying any and every allegation that is thrown at him.Thank you EVO for that reply. i fully understand why they wish to fence their offer. I have used options to purchase in the past and they are very useful to do the same thing. As for caveat emptor I agree, but Fry surely would have get outs as there must be lots of bits he could rightfully say he is unaware of as he is only the administrator Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 11 June, 2009 Share Posted 11 June, 2009 Anyone that thinks losing Lallana this summer will benefit the club needs their head looking at. A playes with real talent AND the attitude and effort to match...these are few and far between IMO. Ahhh..that old chestnut...the same player who went missing in most games? Or the one out on the lash with Surman and Pulis in Bmth most nights before games? Link to comment Share on other sites More sharing options...
sotonjoe Posted 11 June, 2009 Share Posted 11 June, 2009 Sorry, I don't really like the wanton disdain being thrown around on here for other fan sites. This website is just as guilty as any other for producing spurious gossip and rumours, it is no more reliable than any other source. Fansonline is run by an average saints fan. Rather bizarrely I met the guy at work event last month and it come out inconversation that he ran a Saints fans website when we realised we both lived in Southampton. He was as genuine as any person you'd meet. As far as I'm concerned, he would play no part in any deliberate plan to scupper a potential deal. The likeliest story is that he is reproducing information he has been given by a source. That is exactly the same thing that happens on here day in day out, so let's all get down off our high horses and wait and see what happens. Link to comment Share on other sites More sharing options...
offix Posted 11 June, 2009 Share Posted 11 June, 2009 I really don't care what they paid, or even if they paid anything for exclusiviy. I also don't care how much money the new owner has. The only thing that matters is HOW MUCH of his money he is willing to invest. Link to comment Share on other sites More sharing options...
LostBoys Posted 11 June, 2009 Share Posted 11 June, 2009 I am not sure Fansonline is doing more that reporting his own viewpoint which happens to be not really what we want to hear. I am happy to accept for now that due process is ongoing and that Pinnancle and Mr Nemo have the money. If they do not or Mr Fry/Barclays will not negotiate down to what they do have, using financial terminology, it will go tits up very soon and it may be not as long as Friday week. Remaining optimistic and hoping against hope that if Pinnacle fail these Swiss guys and the other UK bidders do come forward. Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 11 June, 2009 Share Posted 11 June, 2009 Ahhh..that old chestnut...the same player who went missing in most games? Or the one out on the lash with Surman and Pulis in Bmth most nights before games? This bit I find a little concerning. You have proof of this I assume? I mean to say you didn't hear it off of a taxi driver? Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 11 June, 2009 Share Posted 11 June, 2009 Whilst we're guessing who paid last month's salaries, let's not lose sight of the fact that June pay day isn't too far away now....just to keep things cheery On a positive note (mods, are they allowed on here?) that pay day seems to tie in nice and close with the end of exclusivity. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 11 June, 2009 Share Posted 11 June, 2009 This bit I find a little concerning. You have proof of this I assume? I mean to say you didn't hear it off of a taxi driver? Not a taxi driver...let's just say it came from someone close to their social circle..and with no reason to lie. Link to comment Share on other sites More sharing options...
NickG Posted 11 June, 2009 Share Posted 11 June, 2009 I doubt that Pinnacle have paid the 500k either but it doesnt matter as long as they proceed. why? Link to comment Share on other sites More sharing options...
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