First Wazzock 902 Posted May 18, 2009 Are they about to go bang?Would be a disaster. http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/8055407.stm Share this post Link to post Share on other sites
Foxy is a Pleasure 0 Posted May 18, 2009 Very worrying indeed. I really do hope they manage to get out of this situation. Not nice to see any club go bust. Still get the feeling someone will come in and rescue them Share this post Link to post Share on other sites
Camuldonum 0 Posted May 18, 2009 Makes you wonder where all the "investors" they attracted when they went into administration have disappeared to. Share this post Link to post Share on other sites
Wembley_Canary 0 Posted May 18, 2009 [quote user="Camuldonum"]Makes you wonder where all the "investors" they attracted when they went into administration have disappeared to.[/quote]Carrow Road [;)] Share this post Link to post Share on other sites
LQ 0 Posted May 18, 2009 I think 20 potential investors was the figure being quoted on here wasn''t it?And yes, not to worry, ''someone will always step in to save a club'' - I said when they finally (sorry when the parent company finally) went into administration that we could be on the verge of witnessing a club going under but I was told someone will always step in...These are dark times for football in this country anywhere below the Promised Land. Share this post Link to post Share on other sites
UEAstudent 0 Posted May 18, 2009 They should have shown more ambition by spending more money - then they wouldn''t be in this problem. Share this post Link to post Share on other sites
Taxing 0 Posted May 18, 2009 This is from today''s Southampton Daily Echo. Not looking at all good. This has being going on for almost two months now and no firm, credible offer has yet been made. Mystery group waiting in wings for possible Southampton takeover12:07pm Monday 18th May 2009 Comments (30) Have your say » A MYSTERY overseas group could be poised to make a dramatic 11th hour bid for control of Saints. The Echo understands that the consortium are waiting in the wings if the Matt Le Tissier-backed Pinnacle bid fails to meet administrator Mark Fry’s deadline extension today. Your Vote Are you worried there''s no deal for Saints yet?Yes No We revealed last Wednesday that an overseas group had made contact with Pinnacle’s Tony Lyeham a few days earlier with a view to possibly combining funds. But it is now believed the group are keen to take control of the financially- stricken club by themselves Share this post Link to post Share on other sites
shefcanary 2,402 Posted May 18, 2009 I think this underlines once and for all, there are no wihte knights out there at present. We have to work with what we''ve got unforutnately. Look at Foulger''s comments along the lines of a little bit here, and a little bit there, when asked about future investment in Norwich! NO QUICK FIX. Share this post Link to post Share on other sites
LQ 0 Posted May 18, 2009 Does anyone know for sure when they have to have a new owner by?Is it the day fixtures are announced (mid-June) or is it the day the season kicks off? And surely someone would have to come up from League Two to make up the numbers (and so on down the leagues)? Share this post Link to post Share on other sites
Superflash 0 Posted May 18, 2009 It''d be quite a sight if Portsmouth helped out a bit, maybe with a donation or something. Yes, there is a rivalry but I bet fans would miss the local derbies in the long term. Share this post Link to post Share on other sites
blahblahblah 2 Posted May 18, 2009 [quote user="LQ"]Does anyone know for sure when they have to have a new owner by?Is it the day fixtures are announced (mid-June) or is it the day the season kicks off? And surely someone would have to come up from League Two to make up the numbers (and so on down the leagues)?[/quote]I think I''m right in saying that when Ranson took over Coventry, he was allowed extra time after "the 11th hour" to complete the negotiation. Which doesn''t really help Southampton if they genuinely don''t have a mu- er, sorry, investor lined up... Share this post Link to post Share on other sites
LQ 0 Posted May 18, 2009 But when Ranson took over at Cov that was to stop them going into administration wasn''t it? A slightly different scenario and half way through the season.Maybe Southampton are wishing they''d accepted his advances in their direction first? Share this post Link to post Share on other sites
blahblahblah 2 Posted May 18, 2009 [quote user="LQ"]But when Ranson took over at Cov that was to stop them going into administration wasn''t it? A slightly different scenario and half way through the season.Maybe Southampton are wishing they''d accepted his advances in their direction first?[/quote]Good point, but I''d imagine that whoever is doing the winding up will appreciate that creditors are likely to get more out of a going concern than an auction of seats from the stadium, and will give a couple of days grace if needed. I would imagine that they would be very happy for a Ranson now. They were linked with Paul Allen last season, former number 2 of Microsoft. Where is he now that they are scheduled to play Carlisle and Wycombe ? Share this post Link to post Share on other sites
Mr. Bump 0 Posted May 18, 2009 If Saints fold completely, I will give a large amount of my money to charity because it ain''t gonna happen!! Share this post Link to post Share on other sites
CANARY CHARGE 0 Posted May 18, 2009 [quote user="Mr. Bump"]If Saints fold completely, I will give a large amount of my money to charity because it ain''t gonna happen!![/quote] Bumpy.........send ya money to Break Charity! Share this post Link to post Share on other sites
Felixfan 53 Posted May 18, 2009 Bad news is their replacement will not start -10 points. Share this post Link to post Share on other sites
Felixfan 53 Posted May 18, 2009 Bad news is that any replacement team will not start -10 points. Share this post Link to post Share on other sites
NCFC_Thain 0 Posted May 18, 2009 [quote user="LQ"]Does anyone know for sure when they have to have a new owner by?Is it the day fixtures are announced (mid-June) or is it the day the season kicks off? And surely someone would have to come up from League Two to make up the numbers (and so on down the leagues)?[/quote]I believe it''s similar to the Darlington situation, if they go bust before 23rd June (which I believe is the offical end of the season) then the team in the last relegation place stays up, if they go bust after 23rd June the league starts with 1 less team. Share this post Link to post Share on other sites
blahblahblah 2 Posted May 18, 2009 [quote user="NCFC_Thain"][quote user="LQ"]Does anyone know for sure when they have to have a new owner by?Is it the day fixtures are announced (mid-June) or is it the day the season kicks off? And surely someone would have to come up from League Two to make up the numbers (and so on down the leagues)?[/quote]I believe it''s similar to the Darlington situation, if they go bust before 23rd June (which I believe is the offical end of the season) then the team in the last relegation place stays up, if they go bust after 23rd June the league starts with 1 less team.[/quote]Is that also the case with the championship ? Share this post Link to post Share on other sites
ndhscanary 0 Posted May 18, 2009 I do wonder how much longer they can keep southampton going for as if they cant find a buyer before the new season they surely cant carry on.I dont know if anyone else has seen but Darlington are in a really bad situation. I think they have laid off all but two players and also the majority of the the coaching staff have been made redundant aswell. I have to say wouldnt be suprised if they go under as cant see anyone buying it having to fund a whole new squad and management team and also having to pay loads to run that huge stadium.I have said for a few years it is only a matter of time before a football league club folds and unfortunately I would not at all be suprised if that happens during the next few months. Share this post Link to post Share on other sites
LQ 0 Posted May 18, 2009 And Portsmouth are about to be foreclosed by their South African bankers (who they owe £37million to) at the final whistle next weekend. All despite their current mu... sorry, investor, having put around £90million into the club in three years and who is willing to take a £40million hit on his erm...investment.But no worries. Someone will always come in to save a club... Share this post Link to post Share on other sites
TheCardinal 0 Posted May 18, 2009 The old saying comes flooding back - there''s always someone worse off than yourself. Share this post Link to post Share on other sites
LQ 0 Posted May 18, 2009 That definitely deserves an LOL![;)] Share this post Link to post Share on other sites
whoareyou? 0 Posted May 19, 2009 I''d be very surprised if at least one club didn''t go bust and fold over the summer.The current financial situation in the world makes it inevitable, i''m afraid! Share this post Link to post Share on other sites
The Fish Seller 0 Posted May 19, 2009 Still on the bright side Brighton have just secured an extra £93m of funding so it''s not all doom and gloom on the South coast. Share this post Link to post Share on other sites
rjwc22 0 Posted May 19, 2009 I cannot see them going under, too much money on the south coast for them not to find a buyer. Think Le Tissier will be involved in some capacity, as the administrators would have formally ended the negotiations if they thought they were not going anywhere. Share this post Link to post Share on other sites