Southampton to go into administration?
- Thread starter Gary
- Start date
savageforest
A. Trialist
You beat me to it lol
Here is another link:
http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6013542.ece
Here is another link:
http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6013542.ece
Gary
No wonder my post count..
savageforest said:
;D ;D
Thank god for RSS feeds.
forestBolton said:
You were beaten to it 10 days ago Gary ;D
http://www.forestforum.co.uk/index.php?topic=32617.0
Nick.
Once known as Nick.Doyle.nffc on 'ere.
So this tasty rumour...Must be true!
The Maniacal Megatron
I belong to nobody!!!
Sky Sports are reporting it will be their sister company who goes in to administration so it stops the club itself doing it :dry:
B Block Red
Viv Anderson
The sheepshaggers avoided the penalty a few years ago when they went into administration for 10 mins before being bought out.
Suppose its possible they could dodge the deduction.
Lets hope that nobody steps in to save them in time!
Suppose its possible they could dodge the deduction.
Lets hope that nobody steps in to save them in time!
It will be a tangle if the Sister Company is the one to go through, because remember the arguments over Leeds Utd points deduction and then further deduction, was part over monies to be used for the football club, not being under the Football League Umbrella.
Clenched buttock time down on the South Coast.
Clenched buttock time down on the South Coast.
Zeus
First Team Squad
This is Irrelevant, we'll still be in the drop zone and need to win our remaining games to bring Either Norwich, Plymouth or Barnsley back into it.
thehockleyhustler
Stuart Pearce
Zeus said:
But one less team and one less place to worry about. How is that irrelevant?
Zeus
First Team Squad
Irrelevant in the sense that we still need to pick up X amount of points to stay in the Division, Southhampton or no.
Cooky
Rice 21
Zeus said:
Exactly, if it was Norwich going into Admin then it would be slightly different. As it stands, we still need to win a certain number of games to finish 21st.
savageforest
A. Trialist
It would be nice to survive off actually getting the points rather then others going into administration, with Leeds last year this is starting to develop into a bit of a dirty habbit lol.
MaxiRobriguez
Bob McKinlay
But if Southampton win their game in hand over they go above us too.
It clearly isn't irrelevant.
It clearly isn't irrelevant.
MaxiRobriguez
Bob McKinlay
savageforest said:
If we'd gone down the same route that cheating Leicester took we may not have been relegated in the first place. We shouldn't feel guilty for other teams going into administration.
weasel
Grenville Morris
Sky Sports News have just announced that not only is it the holding company going into administration, but the deadline for a points deduction has passed anyway.
When the bloody hell are we going to reap the rewards for running our club's finances properly.
When the bloody hell are we going to reap the rewards for running our club's finances properly.
MaxiRobriguez
Bob McKinlay
The deadline is largely irrelevant since new rules came into play.
If they finish 9 points or less above relegation then they are deducted points and sent down. Any other finish means they're deducted points next season.
The deadline now is basically for clubs to decide whether to take the hit there and then.
If they finish 9 points or less above relegation then they are deducted points and sent down. Any other finish means they're deducted points next season.
The deadline now is basically for clubs to decide whether to take the hit there and then.
Le Juif Rouge
Senior Mass Debater
Does the Football League have the authority to actually remove a club from the League in the same way as a professional body can strike off a Doctor, Lawyer or Engineer for malpractice?
Dirty Leeds must have come close to that BUT is it possible under the League constitution?
Dirty Leeds must have come close to that BUT is it possible under the League constitution?
weasel
Grenville Morris
PopGoesTheRobbie said:
Is that for definate? If so, but they avoid it by being owner by a holding company than that would probably amount to the biggest scandal so far in all this.
MaxiRobriguez
Bob McKinlay
Joburgred said:
Probably. But I doubt they would due to the reverb it would cause.
A conference team from the North East went bust about ten years ago, forget the name now but they we're shut down. Also not sure if Grenta were removed because they're now in the very bottom team of the hierarchy so I assume it's a "different" club now.
Rumour down here is that they have until summer to find funds so that club itself may not go into administration until after season ends.
Also rumour that Rupert Lowe has dissapeared from named board and been replaced by brother - Clearing way for a buy out?
As I said, all gossip and rumour.
At this moment assume that they are not having 10 points deducted.
Shares in parent company have been stopped from trading because accounts have not been submitted. This does not guarantee administration.
Also rumour that Rupert Lowe has dissapeared from named board and been replaced by brother - Clearing way for a buy out?
As I said, all gossip and rumour.
At this moment assume that they are not having 10 points deducted.
Shares in parent company have been stopped from trading because accounts have not been submitted. This does not guarantee administration.
FBS
Steve Chettle
So it looks as if no points will be deducted then? Oh well, back to us winning all our remaining games.
C
clusternakker
Guest
"The company is currently in discussions with a number of parties concerning the injection of additional finance into its business," Southampton Leisure Holdings said in a statement.
"Unless this funding is secured, the company will be unable to continue as a viable business for the forthcoming 12 months and is therefore unable to publish half-yearly report to December 31 2008 by March 31 2009 which it is required to do under the AIM (stock market) rules."
If a last-minute solution cannot be found, the company will have to be placed in adminstration, a move that, under Football League rules, would normally lead to a deduction of ten points.
That will teach them to build a new f***ing stadium
"Unless this funding is secured, the company will be unable to continue as a viable business for the forthcoming 12 months and is therefore unable to publish half-yearly report to December 31 2008 by March 31 2009 which it is required to do under the AIM (stock market) rules."
If a last-minute solution cannot be found, the company will have to be placed in adminstration, a move that, under Football League rules, would normally lead to a deduction of ten points.
That will teach them to build a new f***ing stadium
Zeus
First Team Squad
so its all irrelevant??? :wub: