£50m

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Just seen this on bbc.

What a ****ing numpty Short is showing himself to be right now. So out of touch with the business of owning an English Premier/ Championship League club!

Who are his advisors? Where's he getting this rose-tinted advice from?

And how the **** did he make his billions?

Just last season he wanted £175m or something around that figure for the club.

Now he can't give it away.

There's a time for laughter. There's a time for despair.

Right now, I don't know which way to turn.

I've seen incompetence before. On a massive scale. I work in the NHS!

But not when it comes to your own money. Not on this level!

I'm genuinely gobsmacked tonight.
 
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Burly Hurley said:
Just seen this on bbc.

What a ****ing numpty Short is showing himself to be right now. So out of touch with the business of owning an English Premier/ Championship League club!

Who are his advisors? Where's he getting this rose-tinted advice from?

And how the **** did he make his billions?

Just last season he wanted £175m or something around that figure for the club.

Now he can't give it away.

There's a time for laughter. There's a time for despair.

Right now, I don't know which way to turn.

I've seen incompetence before. On a massive scale. I work in the NHS!

But not when it comes to your own money. Not on this level!

I'm genuinely gobsmacked tonight.
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Lastbone out turn the light off, he's washed his hands of the club.....as have 70% of the fans. We can't run the SOL, Acadamy etc on 15,000 gates, it won't even pay Jacks wages
 
The Little General said:
It all went wrong when he fell out with Keano....end off.
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I had a long, long convo at work with a client, a Southampton fan who asked what’s gone wrong and that’s what I said.

He, and I believe every word of Keano’s second book, saw Keane as strong and a threat and pulled him about **** that simply wasn’t true forcing an untenable relationship where only the owner could win.

No way on gods earth are we where we are now if first Keane, or Bruce had been kept and correctly backed with a MD who wasn’t a ****ing fruit bat.

The Saints lad by the way was top craic, and whilst he tried to give a bit of hope about how they’d hit league 2, I had to point out there’s no sign of a Liebherr our end.
 
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Well you'd have to say it's looking good for a takeover now he's said that, he's clearly desperate to get rid and may well be prepared to write off the debt owed to him so it could turn out to be cheap as chips.

Which would likely be good for the team because in theory a new owner would be happier to spend on the team if they got the club for a knock down price.
 
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Nacho said:
Well you'd have to say it's looking good for a takeover now he's said that, he's clearly desperate to get rid and may well be prepared to write off the debt owed to him so it could turn out to be cheap as chips.

Which would likely be good for the team because in theory a new owner would be happier to spend on the team if they got the club for a knock down price.
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If the rumours of him ‘giving club away’ are true and forgoing his debt, someone could then have the club for the debt of £65million approx that remains?

That’s a massively appealing price for any investor, it has to be, especially with many of the horrific, overpaid contracts ending over the next 12-18months.
 
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Nacho said:
Well you'd have to say it's looking good for a takeover now he's said that, he's clearly desperate to get rid and may well be prepared to write off the debt owed to him so it could turn out to be cheap as chips.

Which would likely be good for the team because in theory a new owner would be happier to spend on the team if they got the club for a knock down price.
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That is some pretty rose tinted thinking and I hope you're correct. The outstanding debt is surely £100 million or more and even if Short does right his off (and I'm far from convinced he will) a new owner would need to be fronting up over £50m and perhaps quite a bit more. They could surely get a loan out against the ground/academy for some portion of that though.

Depending on the figures (which we can only guess at) either someone is going to get the club for free and then simply have to re-service the debts through loans from the club itself - an absolute song. OR they'd need to pay up £100m of debt - which no-one will be willing to do.

My concerns are that I have a nagging feeling that if Short thinks he will get a penny more from going through administration he will. I just don't feel he will accept anyone low-balling him.
 
Nads said:
If the rumours of him ‘giving club away’ are true and forgoing his debt, someone could then have the club for the debt of £65million approx that remains?

That’s a massively appealing price for any investor, it has to be, especially with many of the horrific, overpaid contracts ending over the next 12-18months.
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It's got to be appealing for any investors who were on the fence, yeah the team is ****e and will probably go down but you don't often get to buy a club our size that cheap.

We need it badly, the lack of investment has ****ed us but spend a bit on the team whether we're in this league or the one below and we'll climb.
 
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haslam said:
That is some pretty rose tinted thinking and I hope you're correct. The outstanding debt is surely £100 million or more and even if Short does right his off (and I'm far from convinced he will) a new owner would need to be fronting up over £50m and perhaps quite a bit more. They could surely get a loan out against the ground/academy for some portion of that though.

Depending on the figures (which we can only guess at) either someone is going to get the club for free and then simply have to re-service the debts through loans from the club itself - an absolute song. OR they'd need to pay up £100m of debt - which no-one will be willing to do.

My concerns are that I have a nagging feeling that if Short thinks he will get a penny more from going through administration he will. I just don't feel he will accept anyone low-balling him.
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Well we know he's desperate to get shot of us, whether it's true he would forgo some or all of the debt I don't know that's just what was rumoured in the article.

Seems like someone could buy us for a bargain and that's got to be appealing, don't need rose tinted glasses to see that.
 
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Maybe now's the time to go back to the Fulwell73 group and ask them to front up and bite the bullet.

They were apparently interested and backed when the price was a 3 figure million sum.

Show us what you're made of and save the club!
 
Nacho said:
Well we know he's desperate to get shot of us, whether it's true he would forgo some or all of the debt I don't know that's just what was rumoured in the article.

Seems like someone could buy us for a bargain and that's got to be appealing, don't need rose tinted glasses to see that.
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I'm guessing he just wants shot now. He'll write off the lot to walk away and be done with.

He ain't ever coming back our way.
 
Nacho said:
It's got to be appealing for any investors who were on the fence, yeah the team is ****e and will probably go down but you don't often get to buy a club our size that cheap.

We need it badly, the lack of investment has ****ed us but spend a bit on the team whether we're in this league or the one below and we'll climb.
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If it was a £65 million debt, clear that and minimal to get out of League 1, maybe another £30-40million to get out of Chanpionship and you’ve bought a Premier League club with top class facilities for £100-110million.

That’s got to appeal, surely?
 
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Nads said:
If it was a £65 million debt, clear that and minimal to get out of League 1, maybe another £30-40million to get out of Chanpionship and you’ve bought a Premier League club with top class facilities for £100-110million.

That’s got to appeal, surely?
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I know that if I wanted to buy a club but didn't have an infinite amount of money this is the kind of deal I'd have been waiting for.
 
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Brian Storm said:
the EFL isn't franchise though.
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So, by rule or law: a Chinese consortium can buy an English football team, but not an organized group of fans?

NYSE: MANU - Feb 22, 4:02 PM EST
19.75USD 0.15 (0.75%)

50,000 SAFC Fans invest £1000.....Sorted!
 
Hefty fullback said:
So, by rule or law: a Chinese consortium can buy an English football team, but not an organized group of fans?

NYSE: MANU - Feb 22, 4:02 PM EST
19.75USD 0.15 (0.75%)

50,000 SAFC Fans invest £1000.....Sorted!
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You've never been to Sunderland have you Hefty. That's a great deal of money to many if not most of our fans.
 
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