Southampton

Simon · Cult Status

Southampton

Luke_C · Cult Status

Simon is there a list of club prices?

Football Academy · Cult Status

Southampton
English League One

Manager: -
Stadium Capacity: 13,500
Average Attendance predicted this season: 13,500

Value of club: £9 million
Minimum buy out price: £5 million

Bank Balance: £-8.2 million
Bank Loans: £0 million

Notes:
Southampton have entered administration and are currently trying to sell players to clear this. If funds can't be raised a bank loan will be taken to cover the debt. Bank loans incur lower interest rates than normal Bank Balance debts.

With the club in administration the administrators would start the bidding at the minimum buy out price to try to incourage a new owner with fresh funding.

FA will post to allow bidding on the club to begin 3 days after the initial interest was made into the club. Only managers who register interest in those 3 days will be able to bid.

Richard.

mg1 · Cult Status

I would like to express an interest in Southampton

-- Edited by mg1 on Sunday 18th of April 2010 10:29:29 AM

Football Academy · Cult Status

Managers from the following clubs can now bid on the club having expressed interest in the opening 3 day period:

Liverpool
Real Valladolid

Bidding must start no lower than £5 million and must increase in increments of £0.5 million.

Due to the circumstances at the club, the current chairman has issued a deadline of 7pm Friday after which no more bids for the club will be accepted.

To bid, simply post the amount in this thread. The amounts must match the stated rules.

pricey · Cult Status

killer you can't your at liverpool lol

mg1 · Cult Status

I know Rich mentioned it when I first post my interest

dirkdiggler · World Class Player

As it is guaranteed that Simon is getting Arsenal I would like to express interest in Southampton.

Iain
Roma

Safehands · Cult Status

I would also like to declare interest in Southampton

cheers

Simon

Rhino · Cult Status

I would also be interested in Southampton

Besty · Cult Status

Football Academy wrote:

Managers from the following clubs can now bid on the club having expressed interest in the opening 3 day period:

Liverpool
Real Valladolid

Bidding must start at £5 million and must increase in increments of £0.5 million.

Due to the circumstances at the club, the current chairman has issued a deadline of 7pm Friday after which no more bids for the club will be accepted.

To bid, simply post the amount in this thread. The amounts must match the stated rules.

I'm pretty sure that this means it is too late to register your interest as bidding had effectively started. The time to declare interest was after he had initially published the clubs finances i believe?

Safehands · Cult Status

True J

But of the two that registered - Simon J has just put an £18.5m offer in for Arsenal, and Mark made a mistake and cant apply as he managers in the same country

So currently there is no-one from those that declared interest that is able to bid..........:)

Hence why myself and a few others placed interest in case Rich makes an exception or restarts the bidding clock so to speak

Besty · Cult Status

Ah ok i see!

Football Academy · Cult Status

As no one can bid on them, I'll open it up for interest to be expressed before midnight tonight.

Richard.

Football Academy · Cult Status

Managers from the following clubs can now bid on the club having expressed interest in the opening 3 day period:

Roma
Racing Santander
Real Madrid

Bidding must start at £5 million and must increase in increments of £0.5 million.

Due to the circumstances at the club, the current chairman has issued a deadline of 7pm Monday after which no more bids for the club will be accepted.

To bid, simply post the amount in this thread. The amounts must match the stated rules.

Safehands · Cult Status

Simon @ Racing bids £9m

Rhino · Cult Status

whoops!

4million over the top Simon ? confuse

Chris

Safehands · Cult Status

You make a good point actually Chris - I was assuming the final buy price doesnt really matter if you intend to wipe out some of the debt anyway as anything over the initial £5m minimum just goes into the clubs coffers

Rich

can you confirm this is the case - any successful bid (ie of £9m) will inject (ie £9m) Into the club?

Or is the bid just for control and final buy price is just to secure the club?

Cheers

S

Rhino · Cult Status

Fingers crossed for you fella otherwise its a wasted money!

C

Safehands · Cult Status

Indeed mate - pretty damn costly error if im wrong eh!! :(

GarethGardner · Cult Status

Dont think it is Simon. That 9 mill i paid didnt go into Charlton i dont think

Safehands · Cult Status

oh balls........................:(

Football Academy · Cult Status

The fee is to buy the club and assets. The debts and bank loans are assets of the club so they get signed over to you when you buy the club, therefore nothing you pay towards owning rights can then go towards clearing debt assets.

Richard.

Safehands · Cult Status

in that case my previous statement of "oh balls..................." seems quite apt..................:(

pricey · Cult Status

can't you just change your bid rich must see that it was a mistake

Safehands · Cult Status

If Rich is that generous - ill gladly change my bid to £5m and blame my abject stupidity and look to his kindness..................:)

pricey · Cult Status

i would let you change it sim

Safehands · Cult Status

You da man Price!

pricey · Cult Status

yeah i know lol

Simon · Cult Status

I bet all those people you didn't let change their BTO bets are laughing now

pricey · Cult Status

i'm one of them but i understand mistakes happen ;)

Football Academy · Cult Status

This all looks more dodgy than a Portsmouth takeover from the far east!!

If no one has a problem with it, I'm happy to drop the bid to the original £5 million seeing as no one else bid. If someone has an issue, you can post or email if you want it to be private. Obviously Roma and Real Madrid are the only 2 with any real cause to object. Will leave it until Wednesday evening.

Richard.

Safehands · Cult Status

Thanks Rich - hopefully my fellow FA managers will be kind...............:)

Rhino · Cult Status

Im happy with that Richard, let simon have the saints for 5million.

Chris

Sinky2707 · Cult Status

im happy to if he gives the £4million he planned on wasting to me ;)

Ashley-ccfc16' · Cult Status

only if we can edit our BTO posts ?;) joking iam.

Safehands · Cult Status

Thanks Chris - much appreciated

dirkdiggler · World Class Player

I am happy to allow Simon to have Southampton for £5m

Iain
Roma

Safehands · Cult Status

Thanks Iain

Steve · Cult Status

I don't think we should be encouraging corruption in football.

biggrin

Safehands · Cult Status

Oh the irony of anit corruption sentiments coming out of Juventus.............................:)

NB a crap joke at the morals of real life Juventus over recent years before anyone thinks im having a pop at Steve lol

Bluebird99 · Cult Status

Funny enough Sim, I thought exactly the same thing but I couldn't think of a way putting across like I wasn't having a go at Steve

Football Academy · Cult Status

Simon Newcombe has successfully completed the buy out of Southampton and will be contacted within the week to confirm the hand over.

Steve · Cult Status

Safehands wrote:

Oh the irony of anit corruption sentiments coming out of Juventus.............................:)

NB a crap joke at the morals of real life Juventus over recent years before anyone thinks im having a pop at Steve lol

As a legitimate businessman I resent that! All Juventus profits are used to help orphans ..............then we sign up all the orphans who are decent footballers and sell the rest to Primark to be employed at 1p a day making cheap t-shirts in a big shed in Lagos!

smile

PS Or making merchandise for Man. United!!!!!

-- Edited by Steve on Thursday 29th of April 2010 05:23:46 AM