The position as I see it.

Unlike the version we have been given i.e. the Malaysians want PR to stay on and work with them for 3 years, the truth is, they wont get involved until he's out of the equation.
Not telling them about the winding up order etc. pissed them off, and digging up these so called other investors to try and hard ball them into dealing with him, and dealing quickly ain't going to work.

We need them far more than they need us, and companies this size ain't as gullible as some would think.

Now Pr is clinging on by his nails, he's hoping for a sale of the club at 40 million, that way his shares will be well worth more than 2 million, he can sort out his private tax problems and have a little nest egg.

If we can't get 40 million, then he's looking at getting 3 more years work and paying his way out of trouble.

SB and PMG are obviously concerned about their investment, and Borley more so about the long term future of the club.
Providing PR with funds to pay the tax bill now, would give PR an open door to let him carry on with the downward spiral he's set us on.
He would pay the HMRC,bring in some loan players, tell the fans he's delivered on his promise and try and carry on blagging his way forward month to month.

The Malaysians would be off like a flash, and we'd be hawking ourselves around car salesmen and the like looking for
investment.

Borley and PMG will not let the club be wound up, but they also don't want PR carrying on his road to destruction.
SB especially is doing what he knows is best for the club rather than himself and short term financial gain. We have to trust he knows best, and get behind any plans he as for us. All the above is allegedly, for obvious legal repercussions.

You seem to be having a go at the the guy called Steele.Do you know what hes worth ?Have you got access to his bank accounts?
Lets wait and see what he comes up with.
I've a feeling some of our Fans believe there is only one rightful owner of our club THATS sAM.
Any one else whether mega rich or not will only ever tbe spivs.

A catch 22 situation it seems to me. Something tells me this is going to go right up to the 10 Feb when the tax money is expected. By then the fans would have turned on PR due to the fact we would have not seen the arrival of any new players. Will this enough to force Ridsdale to resign therefore Borley and PMG getting their way? Once Ridsdale is out of the way then its a whole new ball game, just hope its not too late to resurrect our season.

Totaly agree regarding trusting Steve B, the rest of them are just a bunch sharks.

So allegedly as soon as the clock ticks midnight and takes us into February 1st, Ridsdales position at the club becomes untenable, because basically he made these promises -

1. "In discussions with HMRC at the end of December 2009, we confirmed that we would pay monies owing to them by the end of January 2010."

2. “We as a club will have paid off the Inland Revenue by the end of January and we will be bringing in new players.”

3. “We will be bringing in new players this month, I can guarantee that."

4. “I would go so far as to say that come January 31, we will be holding a press conference to parade the players we have brought in during the month.”

In my view these quotes are unequivocal and leave him with absolutely zero wiggle room and he has basically hung himself.

If the tax is not paid by 31st January 2010, and by definition we will not have any new players as we will still be under an embargo, then I think the shareholders should demand his immediate resignation as Chairman of our club (no need to wait for AGM/EGM - just make a press release). Once removed he will no longer be able to hurt our club and will then have to wait in line like all other shareholders to see what offer the Malaysians come up with. Hence the reason for his last ditch efforts to get this Car Salesman to buy us what a joke!!!

In my view he should resign forthwith because he really must know by now that he has no future at this club and is fast becoming a focal point for ridicule by the fans and soon to be the rest of the football world .

Unlike the version we have been given i.e. the Malaysians want PR to stay on and work with them for 3 years, the truth is, they wont get involved until he's out of the equation.
Not telling them about the winding up order etc. pissed them off, and digging up these so called other investors to try and hard ball them into dealing with him, and dealing quickly ain't going to work.

We need them far more than they need us, and companies this size ain't as gullible as some would think.

Now Pr is clinging on by his nails, he's hoping for a sale of the club at 40 million, that way his shares will be well worth more than 2 million, he can sort out his private tax problems and have a little nest egg.

If we can't get 40 million, then he's looking at getting 3 more years work and paying his way out of trouble.

SB and PMG are obviously concerned about their investment, and Borley more so about the long term future of the club.
Providing PR with funds to pay the tax bill now, would give PR an open door to let him carry on with the downward spiral he's set us on.
He would pay the HMRC,bring in some loan players, tell the fans he's delivered on his promise and try and carry on blagging his way forward month to month.

The Malaysians would be off like a flash, and we'd be hawking ourselves around car salesmen and the like looking for
investment.

Borley and PMG will not let the club be wound up, but they also don't want PR carrying on his road to destruction.
SB especially is doing what he knows is best for the club rather than himself and short term financial gain. We have to trust he knows best, and get behind any plans he as for us. All the above is allegedly, for obvious legal repercussions.

Gwyn your opening paragraph is fact.

Unlike the version we have been given i.e. the Malaysians want PR to stay on and work with them for 3 years, the truth is, they wont get involved until he's out of the equation.
Not telling them about the winding up order etc. pissed them off, and digging up these so called other investors to try and hard ball them into dealing with him, and dealing quickly ain't going to work.

We need them far more than they need us, and companies this size ain't as gullible as some would think.

Now Pr is clinging on by his nails, he's hoping for a sale of the club at 40 million, that way his shares will be well worth more than 2 million, he can sort out his private tax problems and have a little nest egg.

If we can't get 40 million, then he's looking at getting 3 more years work and paying his way out of trouble.

SB and PMG are obviously concerned about their investment, and Borley more so about the long term future of the club.
Providing PR with funds to pay the tax bill now, would give PR an open door to let him carry on with the downward spiral he's set us on.
He would pay the HMRC,bring in some loan players, tell the fans he's delivered on his promise and try and carry on blagging his way forward month to month.

The Malaysians would be off like a flash, and we'd be hawking ourselves around car salesmen and the like looking for
investment.

Borley and PMG will not let the club be wound up, but they also don't want PR carrying on his road to destruction.
SB especially is doing what he knows is best for the club rather than himself and short term financial gain. We have to trust he knows best, and get behind any plans he as for us. All the above is allegedly, for obvious legal repercussions.

THANKYOU Gwyn and WELL PUT

Steele is the front runner now accoeding to my sauces in the channel islands.

Steele is the front runner now accoeding to my sauces in the channel islands.

Dont want him hes a joke will take us all the way back down the divisons should just stay selling cars

You seem to be having a go at the the guy called Steele.Do you know what hes worth ?Have you got access to his bank accounts?
Lets wait and see what he comes up with.
I've a feeling some of our Fans believe there is only one rightful owner of our club THATS sAM.
Any one else whether mega rich or not will only ever tbe spivs.

Read this about their attempt to acquire Southampton FC, they didn't even want to go through due dilligence there that should tell you everything you need to know - http://www.dailyecho.co.uk/sport/saints ... uestioned/

I agree. I don't like the look of Ben Steele. A man who has a reported wealth of £200m wants to take a club that requires him spending £40m just to cut the debt and wants us in the Premiership? I have a feeling those figures won't work.

Steele is the front runner now accoeding to my sauces in the channel islands.

Dont want him hes a joke will take us all the way back down the divisons should just stay selling cars

HE DOESNT SELL CARS,HE GAVE THAT UP AT 17.
wAKE UP WE ARE GOING DOWN THE DIVISIONS IF WE CANT PAY THE TAX BILL.
10 POINTS OFF TO START.


jIMMY aNDREWS ONCE SAID
"sMALL CLUB IN A BIG STADIUM" nOTHING HAS CHANGED

You seem to be having a go at the the guy called Steele.Do you know what hes worth ?Have you got access to his bank accounts?
Lets wait and see what he comes up with.
I've a feeling some of our Fans believe there is only one rightful owner of our club THATS sAM.
Any one else whether mega rich or not will only ever tbe spivs.

Read this about their attempt to acquire Southampton FC, they didn't even want to go through due dilligence there that should tell you everything you need to know - http://www.dailyecho.co.uk/sport/saints ... uestioned/

iSN'T THAT THE KIND OF BUYER WE WANT.tHE dilligence there THING SEEMS TO BE CAUSING PROBLEMS.
lol

I cant see us going into admin therefore not losing 10 points. I'm comfident we will remain in this league for a while regardless of our financial status.The likes of Borley and PMG wont let us slip for different reasons.

If most reports are to go by then PR needs to be removed. I just feel its going to go very close to admin before someone gives.

You seem to be having a go at the the guy called Steele.Do you know what hes worth ?Have you got access to his bank accounts?
Lets wait and see what he comes up with.
I've a feeling some of our Fans believe there is only one rightful owner of our club THATS sAM.
Any one else whether mega rich or not will only ever tbe spivs.

Read this about their attempt to acquire Southampton FC, they didn't even want to go through due dilligence there that should tell you everything you need to know - http://www.dailyecho.co.uk/sport/saints ... uestioned/

iSN'T THAT THE KIND OF BUYER WE WANT.tHE dilligence there THING SEEMS TO BE CAUSING PROBLEMS.
lol

What legit businessman in his right mind will just say forget the due dilligence, here u are Rids here's £40 million tuck it in the clubs bank account and dont worry your £350,000 a year nett job will be yours for the next 3 years. He must come from cloud cuckoo land

I cant see us going into admin therefore not losing 10 points. I'm comfident we will remain in this league for a while regardless of our financial status.The likes of Borley and PMG wont let us slip for different reasons.

If most reports are to go by then PR needs to be removed. I just feel its going to go very close to admin before someone gives.

Thats exactly what I believe.

You can't be serious, anyone who would spend 4o million pounds with out due dilligence would be mental. Due dilligence ain't about anything bad, it's about getting and up to date fiscal position, which any purchaser must have to take on such a project.

You can't be serious, anyone who would spend 4o million pounds with out due dilligence would be mental. Due dilligence ain't about anything bad, it's about getting and up to date fiscal position, which any purchaser must have to take on such a project.

Theres nothing serious about our club.Its a f...ing joke.

To be fair to the guy Steele. I read somewhere [can't remember where] that he stated he was going though the Due Diligence thing.
This is how I read the situation. If he or anyone else comes up with the readies to buy out a majority stake in the club there’s a fair chance they may have a couple of bob.
Southampton's problem was there had a point’s deduction which investors where not keen on.

Don't you find it strange that PR never mentions the Malaysians anymore.

Don't you find it strange that PR never mentions the Malaysians anymore.

Because I believe he has lost them, through his greed, lucky we have others who have kept them on board, they are getting very anxious though and want in sooner than later.

what do we the fans do then?
do we just sit down and wait or do we get more in ridsdales face because at the moment hes getting it easy...

what do we the fans do then?
do we just sit down and wait or do we get more in ridsdales face because at the moment hes getting it easy...

Virtually everyone says wait till Jan 30th, So I suppose go with the Majority.

You can't be serious, anyone who would spend 4o million pounds with out due dilligence would be mental. Due dilligence ain't about anything bad, it's about getting and up to date fiscal position, which any purchaser must have to take on such a project.

There are ways of obtaining the relevent infornation needed to satisfy a purchaser without using the process of DD. It really depends on how serious the purchaser is more than what he can afford. DD. is for the mutual benefit of both parties.