EastleighSoulBoy

There...that's better!

I have to agree! I've just finished compiling this: Source: http://www.twohundredpercent.net/?p=12761 By Summer 2008 Arcady was apparently in a deep financial mire. He was running a political campaign to become mayor of Jerusalem in the elections of November 2008, not a cheap thing in itself, whilst at the same time facing court action on a number of fronts for money owed – the case with Ron Maneh was still ongoing. Angolagate was proceeding apace and a new money laundering case was running alongside the Bank Hapoalim issue. Arcady had to put up surety of $2.5m to bail himself whilst the new investigation of accusations by a Dutch Company continued. In September 08 a receiver was appointed for Ocif on behalf of the MTZF bank. Ocif’s value had now fallen by 50%. Creditors – including Chainrai and Kushnir to whom Arcady had defaulted on the Ameris deal – appeared to be queuing up for their money. In a complication of court cases Ocif was sold and the bank got repaid. There doesn’t seem to have been enough collateral to appease other litigants however, as liens on Arcady’s assets were appointed to three separate parties in three separate judgements. It is at this time that PFC appears on a list of Arcady’s assets. Quoting Ydioth Ahronoth – an Israeli newspaper – the Times and other UK papers reported that Arcady valued Pompey at £300m. This unlikely sum gave the statement a surreal feel and the Premier League probably felt secure in stating that Sacha was the owner. What Arcady’s Israeli creditors may have felt is not known. Speculation concerning PFC was rife and in October 2008, whilst Harry was jumping ship, an article appeared in The Times suggesting that court documents in the Angolagate investigation showed Sacha had in the past received some of Arcady’s arms dealing profits – about £34m. Sacha maintained that his business interests were distinct and separate from his father’s. The Premier League were called on to investigate by the government but nothing further was reported. As far as Israel was concerned Arcady seemed to be finished. In December 2008 he paid the $2.5m surety to the court and fled Israel for Russia – in a luxury jet plane. Haaretz headlined the event ‘Mogul Gaydamak is fated to wander the world as a vagabond.’ The article concluded: Not only did his workings and management style trip him up, it did the same for the Israelis he came in contact with, from financiers to politicians to lawyers and journalists that were willing to bow before any big mogul bursting forth from the darkness, without bothering to check whom they were dealing with.” In January 2009 one Daniel Azougy appeared at Betar demanding money, supposedly on behalf of Arcady, but the club appeared to be on the verge of bankruptcy and Azougy got nothing. Betar, like Pompey at the same time, started to sell off their playing squad. By April 2009 there were claims in the Israeli press that Sacha was hiding Arcady’s money. Arcady’s creditors were still persuing payment and this story, true or not, can not have appeased them. Sacha told Storrie to find a buyer for PFC. May 2009 was when the games with PFC really began. First came al Fahim, then Storrie’s ‘taking PFC to a level you won’t believe’ consortium – which included people suing Arcady. This consortium is the one that finally gained control in October 09 and involved, to varying degrees, parties who included Mr Chainrai, Mr Kushnir, Mr Maneh and his lawyer Yoram Yossifoff and we were told that Mr Chainrai’s Portpin lent money to Mr al Faraj’s Falcondrone. They brought in Mark Jacob, who had been an associate of Yossifoff’s since 2000 and was Mr Chainrai’s lawyer. Also in their train, convicted fraudster Daniel Azougy, who talks of his association with Yossiffof and Maneh in the BBC ‘Fit and Proper’documentary. Incidentally, Mr Maneh and his lawyer Yoram Yossifoff, are currently (May 19th 2011) under investigation in Israel for tax evasion. Of course, the consortium was fronted by that well known Saudi, Mr Ali al Faraj. By the time al Fahim was failing in September 2009, the Israeli courts had awarded Chainrai and Kushnir another lien on Arcady’s assets on September 28, which included Betar Jerusalem, his house in Caesarea, Bikur Holim hospital and a number of cars. However, the viable status of these assets was questionable and Betar Jerusalem undoubtedly was in debt to the verge of bankruptcy. Considering that by March 2010 Chainrai and Kushnir were threatening Arcady with bankruptcy proceedings one can only assume they didn’t get what they were claiming as a result of this charge. There was an out of court settlement of this case in June 2010. What that settlement entailed was not reported. ESB In January 2010 Sacha Gaydamak gave an interview to Colin Farmery. When asked about his father’s connections to Balram Chainrai, Levi Kushnir, Ron Maneh, Yorim Yossifoff and Daniel Azougy he suggested their involvement in Pompey was just a coincidence. The glaring question is, would they have been so aware of PFC if they hadn’t been interested in Arcady’s business affairs and did their difficulties in getting paid by Arcady play any part in their desire to control the club? The land needed for the future essential development of Pompey as a successful business still rests in the hands of Sacha Gaydamak. You have to ask yourself, in the light of this history, whether there is any room for amicable negotiation between the two factions involved in the debacle of October 22? Will these matters continue to affect the club? The story is not over. Until Mr Chainrai and Mr Kushnir show us how they are going to run our club we need to maintain our interest in their business methods. The point of retelling all this is that we can not yet afford to forget how we got where we are now. The strong feelings evoked in Portsmouth by the near loss of the club have left their mark. That the story goes beyond Pompey and even football only highlights the need for more careful regulation of the business of football and the ownership of clubs. That such events can have a knock-on effect onto the community and City of Portsmouth – so far removed from the source of the problem – is testament to the fact that English football has become too far detached from its origins. Time to give football back to the fans. Acknowledgements This somewhat simplified (believe me) history is indebted to two Pompey sources for its origins. The first is the work done by pompey- fans.com, in particular by Mike Hall, in unearthing the connections between the people involved. The second is the excellent archive of the pompeyonline.com message board, in particular the posts of gazzpfc going back to 2005. These latter posts provided a number of the Israeli newspaper sources listed in the notes below. ESB

Please mail me direct eastleighsoulboy@gmail.com

Sums it up really? If so then how did he get to be so wealthy? Not legally, surely?

To be able to trade during administration they need to prove they have significant cashflow. In our case we were aided by Leon Crouch funding a large amount, £500K ? They have no CSI, only Chanrai (who seems very hesitant suddenly). I am not a financial genius but I do feel we are entering the end game now. If you could all club together and buy me a beer than I can cry into it.

if the skate's account is frozen then they cannot claim any monies held at Streamline (or whoever). The sums will show as debits, or an untitled amount (not available) until a period of time elapses, up to 10 days on a debit card my bank told me, at which juncture they would cease to show as 'unavailable' and revert to the payee account. This is why sometimes when paying by debit card and then drawing from an ATM afterwards, your balance in the account will show a figure higher than the balance available. I hope I'm making sense here?

It could only have come from someone on here I'm certain. ...

We're not discussing a club which follows the rules Steve

Mod, a-la rude bwoy stylee!

I would suspect that as he is no longer 'soliciting', has no home of his own, has changed his name etc, there has actually been a catasstrophy in his life. self imposed or not I am unsure but I think that, like a certain Hampshire FC, he needs a bit of Lee-way with his financial standing probably destroyed anyway? (tongue in cheek emoticon thingy)

Not even his FB account I discovered!

Just been digging on FB, will the real DSM stand up? (Don't expect him to)! E-mail 1. for me please. Make sure you have all these backed up as they may be relevant

[h=6]In such times of worldwide recession and an, eagerly executed, austerity drive by the current Government how can you, as a member of that Government, even consider intervening in the matter between HMRC and a badly run business in an effort to save that business? The tax is owed and, with your husband being an HMRC employee, you really are betraying his work and the aid to our country raised by HMRC from Taxes. Yet you support a scheme which rides roughshod over the well being of millions of Public Sector Workers by attacking their wages, pensions and conditions. The only positive point for me is that slowly and surely your ConDemolition will eventually make yourselves unelectable. Only the good Lord knows if there will be anything salvageable at that point! [/h]

Well, just a bit, but if I like it then a gobble!

Thank the lord he couldn't sign for the skates. One Billy the Fish is enough! Welcome aboard the bus Billy.

The I.B. was actually opposite Plummers! http://www.saintsweb.co.uk/showthread.php?21815-Southampton-Nostalgia-Department-Stores

Soul Music, Northern Soul, Motown, Philly. Also Dance and House with some ELP and Roxy for good measure.

Mother, mother There's too many of you crying Brother, brother, brother There's far too many of you dying You know we've got to find a way To bring some lovin' here today - Ya Father, father We don't need to escalate You see, war is not the answer For only love can conquer hate You know we've got to find a way To bring some lovin' here today Picket lines and picket signs Don't punish me with brutality Talk to me, so you can see Oh, what's going on What's going on Ya, what's going on Ah, what's going on In the mean time Right on, baby Right on Right on Father, father, everybody thinks we're wrong Oh, but who are they to judge us Simply because our hair is long Oh, you know we've got to find a way To bring some understanding here today Oh Picket lines and picket signs Don't punish me with brutality Talk to me So you can see What's going on Ya, what's going on Tell me what's going on I'll tell you what's going on - Uh Right on baby Right on baby And: Oh, mercy mercy me Oh, things ain't what they used to be No, no Where did all the blue sky go? Poison is the wind that blows From the north, east, south, and sea Oh, mercy mercy me Oh, things ain't what they used to be No, no Oil wasted on the oceans and upon our seas Fish full of mercury Oh, mercy mercy me Oh, things ain't what they used to be No, no Radiation in the ground and in the sky Animals and birds who live nearby are dying Oh, mercy mercy me Oh, things ain't what they used to be What about this overcrowded land? How much more abuse from man can you stand? My sweet Lord My sweet Lord My sweet Lord

Loving it!

The FL might!

Can we build our own version of the Berlin Wall as well?

No mate, it's that rubber one you gave me! Lol!

The cheque is in the post.

I think the points deduction, in a few cases, was for exiting Administration without a C.V.A. (Although I don't know how that is achieved!). The skates will cop the points deduction for a second admin within 2 seasons (saying will but there are differing p.o.v.). The big puzzle, isn't it always, with the skates is what will happen with the current CVA if they are allowed another? Will it be rolled up into a new one? If that's the case will all the creditors then get whatever percentage of 20% over 5 years less expenses? Yes, I know, the Turkeys voted for Christmas!

This. Although never wise to 'assume' anything one has to wonder how long he's been at it prior to this instance? I just wonder if HMRC might see any value in finding and forensically examining any older information. Mum always said a leopard can't change it's spots and you can't teach Rosie new tricks.