1. Log in now to remove adverts - no adverts at all to registered members!

Saints becoming 'MALI's ATM Machine'?

Discussion in 'Southampton' started by - Doing The Lambert Walk, Sep 4, 2012.

  1. - Doing The Lambert Walk

    - Doing The Lambert Walk Well-Known Member

    Joined:
    Feb 24, 2011
    Messages:
    40,345
    Likes Received:
    24,490
    Says this Pompey blogger.... http://portus-eg.blogspot.co.uk/






    ....really?

    Hmmm... okay. Very odd. Who does his blog appeal to? It's not intelligent or particularly interesting?

    Do Pompey fans find that blog good reading?
     
    #1
  2. PompeyLapras

    PompeyLapras Well-Known Member

    Joined:
    Jun 29, 2011
    Messages:
    11,558
    Likes Received:
    2,030
    NorrisTime, I've never heard of that one but I like it.
     
    #2
  3. Saints Fan4Life

    Saints Fan4Life Well-Known Member

    Joined:
    Feb 25, 2011
    Messages:
    17,439
    Likes Received:
    10,836
    Wouldn't surprise me if true (RE: Cortese) , if slightly biased in how it comes across
     
    #3
  4. SAINTDON13

    SAINTDON13 Well-Known Member

    Joined:
    Feb 15, 2011
    Messages:
    16,183
    Likes Received:
    2,499
    Sounds like an arrogant self opinionated idiot, normal down that end of the M27 it seems. Not at all like our tame Skate 606ers on here.
     
    #4
  5. SAINTDON13

    SAINTDON13 Well-Known Member

    Joined:
    Feb 15, 2011
    Messages:
    16,183
    Likes Received:
    2,499
    We call it Fergie time but it adds up to the same thing.
     
    #5
  6. PompeyLapras

    PompeyLapras Well-Known Member

    Joined:
    Jun 29, 2011
    Messages:
    11,558
    Likes Received:
    2,030
    I usually call it Fergie time myself.

    Sometimes Mancini time.
     
    #6
  7. TheSecondStain

    TheSecondStain Needs an early night

    Joined:
    Jul 23, 2011
    Messages:
    39,383
    Likes Received:
    8,819
    Mancini never taps his watch while looking at the officials. Fergie did it again on Sunday. It was his usual signal of... make sure you add on enough time for us to score. Most of the time the officials do as they're told, sometime they don't. Hence the expression, ManU never lose a game, they just sometimes run out of time.
     
    #7
  8. Mr.Gaston Ramirez

    Mr.Gaston Ramirez New Member

    Joined:
    Aug 30, 2012
    Messages:
    736
    Likes Received:
    12
    What an idiot.
     
    #8
  9. Qwerty

    Qwerty Well-Known Member

    Joined:
    Mar 8, 2011
    Messages:
    14,006
    Likes Received:
    3,515
    I just go with "allowance for all time lost in either period through substitutions, assessment of injury to players, removal of injured players from the field of play for treatment, wasting time or any other cause"
     
    #9
  10. pass the football

    pass the football Well-Known Member

    Joined:
    Jan 16, 2012
    Messages:
    10,012
    Likes Received:
    53
    That's utterly ludicrous. The MALI group is worth billions, saints are tiny compared with that. It would be like Michael Appleton robbing a toddler's pocket money to fund new player acquisitions.
     
    #10

  11. TheSecondStain

    TheSecondStain Needs an early night

    Joined:
    Jul 23, 2011
    Messages:
    39,383
    Likes Received:
    8,819
    and what Mr Ferguson deems necessary to score a goal and not allow the opposition team enough time to counter. ;)
     
    #11
  12. benditlikeabanana

    benditlikeabanana Well-Known Member

    Joined:
    Feb 26, 2011
    Messages:
    3,745
    Likes Received:
    647
    but the toddlers pocket money is worth more than pompey
     
    #12
  13. pass the football

    pass the football Well-Known Member

    Joined:
    Jan 16, 2012
    Messages:
    10,012
    Likes Received:
    53
    I know you're joking but by that logic the Liebherrs probably are robbing us...
     
    #13
  14. Dark Lord SFC

    Dark Lord SFC Well-Known Member

    Joined:
    Feb 26, 2011
    Messages:
    6,836
    Likes Received:
    2,814
    The irony of a Pompey fan critising the running of Saints? He's having a laugh!
     
    #14
  15. fran-MLs little camera

    fran-MLs little camera Well-Known Member

    Joined:
    Feb 18, 2011
    Messages:
    69,236
    Likes Received:
    24,810
    The Mali group are massive and at the moment we are taking rather than making money. If we end up making a lot of money we will will be very successful, so bring it on. My only concern is that Cortese may be spreading himself a bit thin, but if he has a good team in each business that can be coped with. Chief execs do it all the time. Shows how trusted he is. What we must remember is that the Leihberrs can't rob us as they actually own us.
     
    #15
  16. PO10Saint

    PO10Saint Member

    Joined:
    Apr 17, 2012
    Messages:
    276
    Likes Received:
    7
    They can't rob us but they could draw the money from the club through dividends and/or management charges meaning the money isn't reinvested in to players, etc. Seems unlikely at the moment as surely the underlying value and cash generating potential of the club will be much higher if they can turn us in to an established club. So what he is saying is not impossible but very unlikely, in my opinion anyway.
     
    #16
  17. fran-MLs little camera

    fran-MLs little camera Well-Known Member

    Joined:
    Feb 18, 2011
    Messages:
    69,236
    Likes Received:
    24,810
    Even if they withdraw money (which they are entitled to do), I'm sure enough will be reinvested to maintain us as a PL side. After all, they are used to running businesses and it makes no sense to run a decent business into the ground. Especially one in which you've invested money.

    I know that in retail a new store in a chain starts with a debt representing the cost of building and start-up costs. The store is not considered to make money until that debt is repaid. We are no different. A football team is important to fans and the area (something mentioned when Markus took over), but is basically a business. We are in safe hands...the worst that could happen is that we are sold to someone else as a going concern with good facilities...there is nothing we can do about that.

    I think too much is being read into the fact that Cortese is a trusted and skilful executive who has been entrusted with other businesses. Pompey fans should be so lucky.
     
    #17
  18. pass the football

    pass the football Well-Known Member

    Joined:
    Jan 16, 2012
    Messages:
    10,012
    Likes Received:
    53
    How do you know he has even been given these other director roles? If the only source for that is this blog I'd suggest it probably isn't true.
     
    #18
  19. Wisescummer

    Wisescummer Active Member

    Joined:
    May 9, 2011
    Messages:
    2,099
    Likes Received:
    2
    I agree with you, it's very unlikely that a Swiss business would be run into the ground by greedy owners. The MALI group (and, by extension, SFC) are still basically owned by the Liebherr family. I see no reason why they will not subscribe to the normal Swiss/German model of running family business' with the aim of long term stability rather than short term profit. And as somebody else said, if MALI really wanted to cash in on SFC, a selling a well run premiership club to somebody else is likely to generate greater returns than asset stripping (which, as Portsmouth and Balram Chainrai are finding out, doesn't create much of a return).
     
    #19
  20. St. Luigi Scrosoppi

    St. Luigi Scrosoppi Well-Known Member

    Joined:
    Mar 26, 2011
    Messages:
    11,892
    Likes Received:
    8,294
    Whats all this about?

    Don't tell me they have been pinching the little kiddies pocket money now.

    I wouldn't put it past them for they're a club with no shame.
     
    #20

Share This Page