Administration rumours are rife

On various other Saints forums rumours about the club going into administration within the next couple of weeks are rife. Let's hope these are not true, but I fear the worst.

I think that administration before a certain date would mean no or little punishment. As it looks like we are heading downwards anyway it might be better to do it now anyway. Thing that bothers me is who will take over if it does actually happen.

I think that administration before a certain date would mean no or little punishment. As it looks like we are heading downwards anyway it might be better to do it now anyway. Thing that bothers me is who will take over if it does actually happen.

According to the Echo on-line, the club is being supported by Barclays and Norwich Union - for now.

when you say other sites you don't mean the one with the were being taken over romour part 100

As for the news if things don't get better maybe its true mind do it now ok whats 10 points next season start off like bournemouth -17 points there looking at going down again and that would be the end of this great club

A Pagansaint wrote:when you say other sites you don't mean the one with the were being taken over romour part 100

As for the news if things don't get better maybe its true mind do it now ok whats 10 points next season start off like bournemouth -17 points there looking at going down again and that would be the end of this great club

That one, yes, plus 606. As I said, just a rumour. Fortunately it does look like Saints are ok. For now.

With all the money that the banks have written off(including Barclays) with us the tax payers bearing the brunt. Does that mean as tax payers we should pressure the government to do something about it. What is another 30 odd million to them? :o :o :o

A demonstration has been organised for the swansea game. Starts at the Bargate at 1.15pm and heads along the high street before making its way down Hoglands on route to the ground.

Bloody hell!!!! She has learned to read. I shall try to get there but that will mean I can't do the commentary. Though I may be able to send the odd update.

Sadly, I won't be there as I am going to be elsewhere for the day, but if that changes it's likely I will join the demo, so no commentary from me either.

We could take notes and have something else to discuss at least.

Preston demo is going to be a bit bigger we hope. More things planned which are being put together.

Looks like no administration this season....

On today's Telegraph website:

Great to see that the conspiracy theories did not become reality when Thursday's 5pm deadline passed without Southampton opting to go into administration in order to get the 10-point penalty out of the way before next season.

Under Football League rules, any clubs who go into administration between now and end of the season and get relegated, will have their 10-point deduction applied at the start of next term. If they finish above the relegation line, 10 points will be deducted immediately and they may well go down.

The rule was brought in to prevent the type of scams pulled by Leeds, who went into administration and accepted their 10-point deduction after realising they were doomed to demotion, thus starting the new season with a clean slate.

Then there was Boston, who made a move of such shameless audacity that it would cause a banker to blush - they went into a Company Voluntary Agreement at half-time on the final day of the season as they were losing at Wrexham and knew the drop was inevitable.

It had been suggested that Southampton, perhaps under pressure from their creditors or instruction from their bankers, might throw in the towel on this season, take the points hit, and start next season in a better financial position and on a level playing field.

It can only be good news that they will be fighting for their survival on the field of sport, not in boardrooms or courts.

Not that you will find many Saints fans jumping for joy at the moment. Many believe the club cannot progress under the present ownership and that administration at some point, plus relegation this season - and maybe even next - are inevitable.

But the reality is that they are just two points below the dreaded dotted line, with a game in hand and more than a month of the season to play.

And their striker, David McGoldrick, displayed a lovely show of confidence in the face of adversity this week, declaring that Southampton were "in the driving seat". Such youthful exuberance could prove crucial if the battered St Mary's bandwagon is not going to career off into oblivion.

And Southampton are not the only club who should be shuddering. Far from it.

League chairman Lord Mawhinney has warned that the effects of the recession are not yet being felt by clubs, because their current commercial deals were negotiated in the good times.

Meanwhile, Wigan chairman Dave Whelan has predicted that a Premier League club will go under.

So at least Southampton are not alone. And maybe they can take some comfort from the financial difficulties, although more modest, that are bubbling under at Portsmouth.

The fact that we are not going into administration right now is good news in my book. Whilst I can understand the reasoning behind the people clamouring for such to happen, I fear for the resulting furore after such a move happens. Who would take over and how much would we lose in the aftermath? How many of our players will leave? Would the gates shrink to an unbelievable low? Would people like our DH still have a job?
With luck we will stay up and the gates will recover next season with our team doing better.

SaintMike wrote: conspiracy theories

i think this is all that needs to be said on the matter