Saint Keith

there, thats better

well, thats the problem. unless there are new owners coming in, it just delays the inevitable. administration is only viable if the business has the cash to fund itself through it, and there is the prospect of a buyer at the end of it the 2nd bit is quite plausible, it might be worth a punt on pompey if you can get everyone to agree to 10% of what they're owed, and get the debt down from £70m to £7m. that's assuming of course the inland sausage play ball, which is by no means certain as they want blood its the first part that's the problem.the business needs £15m of life support until May when it gets its morphine drip of sky money. that is a serious amount of money, and HAS to be funded. but by who?

had to lol at the quotes from that new zealand guy. "wont be rushed", "wont be done by Monday" etc etc what we have been saying for weeks now. if you were going to buy portsmouth, you'd wait and buy them out of admin or do a deal with the liquidator. no one is going to buy them this week, it just doesn't stack, whichever way you cut it

no, its 7 days notice, not 28

plusnet have come top of a couple of satisfaction surveys into broadband over the last few years. they are always quite near the top of all of them

ROFL. this weeks "tea splurted over laptop" moment

This

it also looks like they are constructing a baseball staduim there

think we've found their new owner

that bit :smt082

no, but give it another 24 hours and it will have more posts than pompeys average attendance and mr storrie, that is a real 24 hours, not the 24 hours in your world, which actually equates to about 13 weeks

he is also, tbf the only person who has gone about conducting a take over the right way

al fahim is sticking the boot in now http://www.dailymail.co.uk/sport/football/article-1252876/Revealed-Sulaiman-Al-Fahim-blasts-Portsmouth-board-explosive-resignation-letter.html edit. sorry st neil, posted at the same time

hopefully the FL will be all over this like a cheap suit when they go into the ccc. they will make sure the finances, and the cva are watertight, otherwise they will hit them with more, as per Leeds

and of course, the other advantage (from our point of view) is that if they do go into admin, storrie is immediately removed as an officer oft he company, and all the shenanigans may come to light, as he would no longer be there to cover it all up, which is why he has been so keen on avoiding administration. it blows his cover wide open

no, thats right. admin doesn't guarentee survival, it just means they get a couple of months breathing space and protection from creditors where they cant be wound up there still has to be a buyer at some point, otherwise once its becomes certain the administrator can not sell the business, he is obliged to liquidate it so its likely that in pompeys case, going into admin is only delaying the inevitable, but it should see them through to the summer when they are due another lump from sky, which may be the only thing t save them the problem is though, the administrator still has to fund the business in the meantime, and that means finding circa £15m in wages between now and May. where the **** are they going to get that from?

MASSIVE LOL ! looks like the south african thing was all hot air. now theres a ****ing surprise http://www.telegraph.co.uk/sport/football/leagues/premierleague/portsmouth/7292588/Portsmouth-heading-into-administration.html

**** off pikey

no, chainrai can put them into admin as he is a creditor, its the directors who can no longer do it, as it would normally be having said that, any administration order does have to be agreed to by a court, its possible the hmrc might try to put a spanner in that

just seen this on the bbc homepage, under the banner "owner will not let pompey close" but lets analyse what he has actually said ""Balram met the South Africans on Friday and they have promised to provide proof of funds on Monday," yes, im sure they have. promising to provide proof of funds is a long way from having them, and even further away from actually doing a deal "Balram will do whatever it takes to save the club. It will not close." ok, so he is paying this weeks wages is he, and next weeks bill to the inland sausage? "The club have had false dawns before and we have to be certain these funds are genuine. If they aren't forthcoming we'll have to look to other solutions." ok, so thats the real story then ROFL Hong Kong-based businessman Chainrai is also considering putting together a consortium of his own, but has not ruled out placing the Premier League's bottom club in administration. "That's the least attractive option, but it would enable the club to put their finances in order," added the spokesman. ok, so why didnt you do that before? Portsmouth are understood to have debts of around £60m and asked why any investor would want to buy Pompey, the spokesman replied: "It's a Premier League club with a great history and football is a wonderfully exciting business to be involved in." well it wont be a premier league club for much longer

its all bullsheet from storrie. the usual, and proper way for these things to happen is first, you provide proof of funds, then you get to look at the books and do due diligence not the other way round if storrie has let them do the due diligence without proof of funds, then rewind this thread back to september/october, and start it all over again and even irrespective of that, someone has got to pay the wages this week, which might involve a game of chicken between chainrai and the south africans, and who will blink first