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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
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andysstuff

andysstuff

Posted
Posted

£850K for CVA.

 

FCR - will repay all other clubs and non-playing staff in full.

 

Players owed 'significant' amounts of money - will offer total of £2M (doesn't say whether each or in a pot)

Essruu

Essruu

Posted
Posted

Oh no... the fat bloke just mentioned the German bombings... pompeyscot must be crying in the corner right now and logging on to POL to ban him.

SaintRichmond

SaintRichmond

Posted
Posted
Neil Allen ‏@pn_neil_allen

 

Trust have offered £2.75m to Portpin for Fratton Park. #Pompey #pst

 

#dreaming

 

 

£5 down payment

 

Then £1.50 per month for 2000 years

 

(IE:- Just like Pompey's normal trading terms )

Hockey_saint

Hockey_saint

Posted
Posted

I can't believe he brought up them holding the FA cup for so long, why doesn't he just put a great big shout out to Adolf Hitler "Thanks Addy, you helped us hold that trophy for years!" :s

Minty

Minty

Posted
Posted
lots of handwringing and history lessons and bluster but they've not said how they'll pay their way

Sounds like a Budget speech.

andysstuff

andysstuff

Posted
Posted
Fans pledges are £3m. So a total of 3000 fans pledged. Bestest indeed

 

 

Sent from my iPad using Tapatalk HD

 

Does that include the High Net Worth individual pledges?

andysstuff

andysstuff

Posted
Posted

Neil Allen ‏@pn_neil_allen

 

Trust offer for Fratton Park made 2 months ago. An 'acknowledgment' received by Portpin by no further progress. #Pompey #pst

 

Guessing they put a read receipt on the e-mail :-)

sotonswan

sotonswan

Posted
Posted
I remember the poster they took to one match (or maybe more than one) towards the end of last season, which proclaimed something along the lines of:

 

For Sale - Portsmouth Football Club

World's best supporters come free!

 

So yes, they do indeed see themselves that way.

 

If anybody on here has a link to the picture (Lord Trousers perhaps?) they might like to post it...

 

4035622040.jpg

 

From News article

The Pompey Fans’ Manifesto

saint si

saint si

Posted
Posted
Neil Allen ‏@pn_neil_allen

 

Trust offer for Fratton Park made 2 months ago. An 'acknowledgment' received by Portpin by no further progress. #Pompey #pst

 

Guessing they put a read receipt on the e-mail :-)

 

Which rather suggests that Portpin is not particularly pleased with the offer? And which therefore drives a bus through the bid (amongst the various other reasons).

 

However, i do wonder if they have looked at what Eastleigh is doing with the Rose Bowl as some sort of precedent...

http://www.dailyecho.co.uk/news/9841256.Go_ahead_to_plough___35m_taxpayers_cash_into_Ageas_Bowl/

Torres

Torres

Posted
Posted
Neil Allen ‏@pn_neil_allen

 

Trust offer for Fratton Park made 2 months ago. An 'acknowledgment' received by Portpin by no further progress. #Pompey #pst

 

Guessing they put a read receipt on the e-mail :-)

 

So they made the offer 2 months ago, have had no response since and haven't interpreted that as a big, fat "No"?

 

That's a good definition of optimism, right there.

Essruu

Essruu

Posted
Posted

LOL, theTrust expects Chinny/Portpin to take 2p in the £ on their debt!!!

 

Add this to the fact that Chinny hasn't responded to their offer of £2.75m fo Fartton Park, plus the players will get more (if paid) from Chinny, then this is game over, surely - or am I missing something?!

 

A mix of the two with Chinny renting FP to the Trust possibly?

andysstuff

andysstuff

Posted
Posted
LOL, theTrust expects Chinny/Portpin to take 2p in the £ on their debt!!!

 

Add this to the fact that Chinny hasn't responded to their offer of £2.75m fo Fartton Park, plus the players will get more (if paid) from Chinny, then this is game over, surely - or am I missing something?!

 

A mix of the two with Chinny renting FP to the Trust possibly?

 

Just can't see the bid stacking up outside P*mpey La La land:

 

Collect in all 300 pledges in full:

 

Borrow £2.75 M from the Council;

 

Pay Balu £3.75M and 2p in the £ on his remaining debt;

 

Write of Football Creditors Debt;

 

Get back into PL in 10 years.

 

And that's without sorting out the fat filled pipes and getting the clock working again

Lazlo78

Lazlo78

Posted
Posted
Current Nutjob rankings. Only 81 more posts to go, and trousers hits the incredible 3000 mark (albeit including a few dodgy "..." s).

 

[TABLE=width: 259]

[TR]

[TD]Nutjob[/TD]

[TD]Posts[/TD]

[/TR]

[TR]

[TD]trousers[/TD]

[TD]2,919[/TD]

[/TR]

[TR]

[TD]dubai_phil[/TD]

[TD]2,130[/TD]

[/TR]

[TR]

[TD]pedg[/TD]

[TD]2,020[/TD]

[/TR]

[TR]

[TD]OldNick[/TD]

[TD]1,546[/TD]

[/TR]

[TR]

[TD]rallyboy[/TD]

[TD]1,338[/TD]

[/TR]

[TR]

[TD]Gemmel[/TD]

[TD]1,236[/TD]

[/TR]

[TR]

[TD]Channon's Sideburns[/TD]

[TD]1,236[/TD]

[/TR]

[TR]

[TD]Gingeletiss[/TD]

[TD]1,095[/TD]

[/TR]

[TR]

[TD]View From The Top[/TD]

[TD]1,037[/TD]

[/TR]

[/TABLE]

 

It's been asked a thousand times before (ok, 4 times after Pompey standards), but where do you find this list?

Gemmel

Gemmel

Posted
Posted
Have to say 3000 pledges is excellent (anything above 1000 is good imo), far better than I'd have expected. Thought GM said it was only £700k?

 

Yep it's taken a few hundred thousand posts, but the 3,000 is execellent ( I am assumming that indidvidually its about 2,000 and the 6 HNW guys make up a million or so).

 

Only problem now is collecting them. And probably worth bearing in mind they need 3 new pledges a day, for every day that Birch is there.

Saint Lindford

Saint Lindford

Posted
Posted

* In order to buy Fratton Park medium-term loan needed. Preferred supplier would by Portsmouth City Council.

* All four high net worth individuals have deposited 6 figure sums into Trust bid, including McInnes.

* Trust have offered £2.75m to Portpin for Fratton Park.

* McInnes stresses 'right bid for football club and right bid for community and has to be run on business grounds'

* McInnes says Appleton will stay as manager with a chief executive appointed and an executive board.

* McInnes; 'Chainrai wants to take out investment, we want to put it in'.

* McInnes calls for Chainrai to meet with Trust and work together for good of the club

* Pledges from fans total £3m

* Trust offer for Fratton Park made 2 months ago. An 'acknowledgment' received by Portpin by no further progress.

*McInnes 'Plenty of people will come out of the woodwork and back the Trust if they believe we are real'

 

Yeah right, had months now of the trust 'bid' and only attracted 3000 so called fans. What planet is this muppet on if he thinks now more will pledge...... large LOL moment.

andysstuff

andysstuff

Posted
Posted
They said council loan would be secured. Secured against what? It can't be the training ground or stadium, they don't own them.

 

The loan buys the Nottarf Krap with Portpin getting 2p in the £ on their remaining £15M debt.

trousers

trousers

Posted
Posted
Have to say 3000 pledges is excellent (anything above 1000 is good imo), far better than I'd have expected. Thought GM said it was only £700k?

 

My interpretation was that the "£3m" (funny, nice round number that...) pledges was the overall total including the 'high net worth' contributions. So, let say the figure is actually nearer £2.75m (to allow for creative rounding up) and then take away the 'several 6 figure donations' - round figure, say, £750k - then you're left with nearer £2m or 2,000 pledges.

trousers

trousers

Posted
Posted

Not one question about what the budget for new players would be and how that would be financed. And there was me thinking that might be an obvious question. Sharp lot these Portsmouth journos.

solentstars

solentstars

Posted
Posted

Looks like the game is over for pompey trust and unless they unload the 3 players soon I can celebrate the death of the cheats this time next week.

 

Sent from my HTC Desire using Tapatalk 2

Matthew Le God

Matthew Le God

Posted
Posted (edited)
£2.75m/£18m = 15.2p in the pound

 

So the trusts plan has just been announced that they want to get a loan from the council to buy the stadium. So to rid a club of debt, they want to create more debt. Their credit rating is terrible - three administrations in recent history, why should they use council taxpayers money? Why would the council trust a three times failed business with its money during a recession?

Edited by Matthew Le God
trousers

trousers

Posted
Posted (edited)
So the trusts plan has just been announced that they want to get a loan from the council to buy the stadium. So to rid a club of debt, they want to create more debt. Their credit rating is terrible - three administrations in recent history, why should they use council taxpayers money? Why would the council trust a three times failed business with its money?

 

Wouldn't the council be better off giving the money to the chancellor of the exchequer rather than "loaning" it to the Trust so that he can redistribute some of the £50m (or whatever it is) that the UK taxpayer as a whole has lost out on over the last few years?

Edited by trousers
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