Sometimes it's good to look at another club's situation in order to put your own club's plight in perspective.
Compared to Charlton, Southampton are in a real mess! Especially if their "saviours" are Kevin "I really just feel a little bit short of what's required" Keegan and Matt No-managerial-experience-whatsoever Le Tissier. Do either of these guys really have what it takes to lift Southampton from where they are now ... rooted at the foot of Division three, on minus ten points before a ball's been kicked?
Yes, we're in a terrible position right now. But at least we're not them!
[cite]Posted By: albo1973[/cite]Yeah iv'e heard kevin Kegan is distanceing himself from the whole thing now as well,But i think letisser is still well involed.
Or IMHO Soton are distancing themselves from Keegan ; - )
[cite]Posted By: Chizz[/cite]Sometimes it's good to look at another club's situation in order to put your own club's plight in perspective.
Compared to Charlton, Southampton are in a real mess! Especially if their "saviours" are Kevin "I really just feel a little bit short of what's required" Keegan and Matt No-managerial-experience-whatsoever Le Tissier. Do either of these guys really have what it takes to lift Southampton from where they are now ... rooted at the foot of Division three, on minus ten points before a ball's been kicked?
Yes, we're in a terrible position right now. But at least we're not them!
Do they have to have come out of administration by the start of the season in order to be allowed to play? If so, their situation could be even worse.
[cite]Posted By: aliwibble[/cite]That's true Henry, but it does give a bit of perspective on where we are. It's not a great position to be in, but it could be a hell of a lot worse.
Very true. Perspective is something that we all need.
[cite]Posted By: razil[/cite]I wonder if peversley we might have been taken over if we had gone into administration
Possibly Razil, but I wouldn't want to be taking that kind of gamble. While there's been lots of papertalk about Southampton, they've not been taken over yet, and there's still a very real risk of them going bust.
[cite]Posted By: razil[/cite]I wonder if peversley we might have been taken over if we had gone into administration
It's not going to happen because most of our debt is with the directors. Hardly in their interest to have an admin come in and try and wipe out a high proportion of the debt and find the best buyer to maintain the long term interests of the organisation. Essentially, they'd get less cash if an administrator was selling the club.
Before I get whispered about, that's not a negative comment, it's exactly what I'd do. It's why though a company is much better run off equity rather than loans.
yeah, let's all laugh at Southampton, hehehe. Jeez, listen to yourselves. Ok there have been a few run-in's over recent years, not very pleasant either, BUT that is a very small minority of Saints fans. And sometimes it takes two to tango, as at Maze Hill. If Saints go down the pan the 'Scummers' will walk away and just get involved in fights elsewhere, maybe even join another Club just to keep their arm in. The one's that suffer will be the decent, loyal Saints fans who deserve better.
According to the Daily Echo a rival consortium says it has the cash in place to buy Saints should the Pinnacle bid fail. Businessman Marc Jackson,who is fronting the bid has also revealed he had lined up a current international manager to lead the team. Administrators have been in contact with the consortium in the past week to seek assurances that the bid still stood.
It sounded like the probelm is that the consortium do not accept the premise that the holds=ing company and the Football Club are a single entity and are only buying the Football Club, which they claim is not in administration and therefore should not be decducted 10 points. The wrangle is with the Football league. Interesting probelm for the Football League. Do they stick to their principles and possibly let a "Biggish" club go tot the wall or do they bend the rules and open themselves up to future similar arrangements by clubs to avoid points deductions.
Wouldnt even want clubs like millwall or palace to go down the pan as it is just another nail in the coffin.
In fact i would rather see a club like chelsea go down the swaney before any normal club although that would never happen as Gordon Brown would probably bail them out.
It kind of mirrors the economy in a way with the powers that be looking after the big clubs (who effectively have created the gulf and the spending beyond means phenomenom) whilst the little man falls by the wayside with little more than a 2 line obituary hidden in the back of the sports pages.
[cite]Posted By: Kap10[/cite]It sounded like the probelm is that the consortium do not accept the premise that the holds=ing company and the Football Club are a single entity and are only buying the Football Club, which they claim is not in administration and therefore should not be decducted 10 points. The wrangle is with the Football league. Interesting probelm for the Football League. Do they stick to their principles and possibly let a "Biggish" club go tot the wall or do they bend the rules and open themselves up to future similar arrangements by clubs to avoid points deductions.
The FL were always going to play hard ball on the ten points deduction. The old saints board may have pulled a fast one with the holding co. trick but the FL now have Soton were they want them.
Accept the ruling or no transfer of the golden share (FL membership) to the new owners.
Comments
Give it 5 months and he'll walk out on them.
where's our knights in shining armour?
Buggered off back to their castles and pulled up the drawbridges
Compared to Charlton, Southampton are in a real mess! Especially if their "saviours" are Kevin "I really just feel a little bit short of what's required" Keegan and Matt No-managerial-experience-whatsoever Le Tissier. Do either of these guys really have what it takes to lift Southampton from where they are now ... rooted at the foot of Division three, on minus ten points before a ball's been kicked?
Yes, we're in a terrible position right now. But at least we're not them!
Or IMHO Soton are distancing themselves from Keegan ; - )
Do they have to have come out of administration by the start of the season in order to be allowed to play? If so, their situation could be even worse.
Still, that doesn't make our situation any better.
Very true. Perspective is something that we all need.
It's not going to happen because most of our debt is with the directors. Hardly in their interest to have an admin come in and try and wipe out a high proportion of the debt and find the best buyer to maintain the long term interests of the organisation. Essentially, they'd get less cash if an administrator was selling the club.
Before I get whispered about, that's not a negative comment, it's exactly what I'd do. It's why though a company is much better run off equity rather than loans.
They could be relegated to 3 divisions down from the conference!!!!
Now now kids stop laughing................
Businessman Marc Jackson,who is fronting the bid has also revealed he had lined up a current international manager to lead the team.
Administrators have been in contact with the consortium in the past week to seek assurances that the bid still stood.
there was no one left to speak out for me."
Taken out of context, but the words of Pastor Niemoller ring in my ears. How on earth can any football supporter want another club to disappear?
In fact i would rather see a club like chelsea go down the swaney before any normal club although that would never happen as Gordon Brown would probably bail them out.
It kind of mirrors the economy in a way with the powers that be looking after the big clubs (who effectively have created the gulf and the spending beyond means phenomenom) whilst the little man falls by the wayside with little more than a 2 line obituary hidden in the back of the sports pages.
slightly out of context indeed but know what you mean.
Would have gone for
Ask not for whom the bells tolls
It tolls for thee
John Donne
The FL were always going to play hard ball on the ten points deduction. The old saints board may have pulled a fast one with the holding co. trick but the FL now have Soton were they want them.
Accept the ruling or no transfer of the golden share (FL membership) to the new owners.