...or not.
Following on the Southampton FC parent company going into administration, there's been a fair amount of blog and print speculation and interest. While checking the details of their draw with Watford yesterday, I looked through the links to the reports...and found this one on the EDP site(Eastern Daily Press)...they're Norfolk based, and Norwich orientated...so have a deep interest on what goes on on the south coast. It's a concise piece, and of interest as City's chief executive was one of the eight board members to make the decision for the enquiry.
Also a good analysis of season ticket prices...League One by CA... April 6
Showing posts with label southampton. Show all posts
Showing posts with label southampton. Show all posts
Wednesday, 8 April 2009
Thursday, 2 April 2009
Want to...
...fill in the paperwork? All things have been set in motion, and now we're onto the solicitors forms. If we have to fill the same information on one, we have to on half a dozen...I'm getting writer's cramp.
I've also read the plight of our opposition on Saturday...their holding company (SLH) suspended trading on their shares yesterday, as it prepares to go into administration. So far, this is not the club as they look for a buyer...but, how long that will take...maybe too long. I wish all Saints fans well...there but for the grace... And as we've all said...players come and go, but you the fan, can't change your club...your heart is buried deep in the pitch.
The majority of their debt (approx £23.1m) is owed to Norwich Union in a debt incurred with the move to St Mary's, and with a reluctantly paying Barclays Bank (£4.4m)...they've been paying the players salaries. After all the things said about our directors and financial issues...we owe our directors the majority of our debt...the only outside one being on a long term arrangement...our situation might be the worst we've seen for a long time, but we're not that close to the edge, thanks to them...yet!
The game on Saturday, if hadn't already had enough incentive, has an added one...survival...a Championship side is more likely to encourage investors than a League One one...and I'm sure all associated with Southampton have that firmly at the forefront of their minds.
I've also read the plight of our opposition on Saturday...their holding company (SLH) suspended trading on their shares yesterday, as it prepares to go into administration. So far, this is not the club as they look for a buyer...but, how long that will take...maybe too long. I wish all Saints fans well...there but for the grace... And as we've all said...players come and go, but you the fan, can't change your club...your heart is buried deep in the pitch.
The majority of their debt (approx £23.1m) is owed to Norwich Union in a debt incurred with the move to St Mary's, and with a reluctantly paying Barclays Bank (£4.4m)...they've been paying the players salaries. After all the things said about our directors and financial issues...we owe our directors the majority of our debt...the only outside one being on a long term arrangement...our situation might be the worst we've seen for a long time, but we're not that close to the edge, thanks to them...yet!
The game on Saturday, if hadn't already had enough incentive, has an added one...survival...a Championship side is more likely to encourage investors than a League One one...and I'm sure all associated with Southampton have that firmly at the forefront of their minds.
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