saintjay77 Posted 5 February, 2012 Share Posted 5 February, 2012 But how can they fund this? Their bank accounts are frozen! Often debit card payments are not processed immediately so you'd just do the refund via the card machine and it will be done before the payments get processed. Now if freezing bank accounts mean no-one could buy using a debit card and tickets were proper cash only then my points mean nothing. Lol But I still doubt there would be enough cash in the office to deal with handing it back to everyone in one go so benifit of doubt again I can see a reason for them to restrict how refunds are handled. Now if they have already paid the players with that cash then they would be on very shakey ground! Link to comment Share on other sites More sharing options...
saintjay77 Posted 5 February, 2012 Share Posted 5 February, 2012 Sounds like a very expensive sneeze... Lol I thought the same, it was said that "snow was falling, all around him" too!!! Link to comment Share on other sites More sharing options...
saintjay77 Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.cedar.uk.com/portfolio.php This myth was exposed a couple of pages ago. Haha pwned!!! Brilliant. Link to comment Share on other sites More sharing options...
Kingsland Red Posted 5 February, 2012 Share Posted 5 February, 2012 Haha pwned!!! Brilliant. If this is so , and I'm not so sure from what we were told last summer, why are Bishops Printers, one of the Skates main sponsors, advertising at St Marys this season at the Chapel end, Kingsland side? Link to comment Share on other sites More sharing options...
niceandfriendly Posted 5 February, 2012 Share Posted 5 February, 2012 If this is so , and I'm not so sure from what we were told last summer, why are Bishops Printers, one of the Skates main sponsors, advertising at St Marys this season at the Chapel end, Kingsland side? To attract more business? Link to comment Share on other sites More sharing options...
Brussels Saint Posted 5 February, 2012 Share Posted 5 February, 2012 You've got Clotese to thank for that. A Southampton family printers had printed our program for decades before NC decide to rip up the contract and hand it to a Portsmyth firm. "He comes from italy, he ******* hates pompee" my ass. You not a big fan of Cortese then Docker? Link to comment Share on other sites More sharing options...
Torres Posted 5 February, 2012 Share Posted 5 February, 2012 If this is so , and I'm not so sure from what we were told last summer, why are Bishops Printers, one of the Skates main sponsors, advertising at St Marys this season at the Chapel end, Kingsland side? To attract more business? :eek: http://www.cedar.uk.com/portfolio.php This myth was exposed a couple of pages ago. Aaaargh - who's the guy on the cover of the 3rd programme? Link to comment Share on other sites More sharing options...
Chin Strain Posted 5 February, 2012 Share Posted 5 February, 2012 Haven't seen this posted yet: http://www.twohundredpercent.net/?p=17350 That's a good read. One thing that sticks out like a sore thumb is the POmpey fans (including this article) saying that Chinny has nothing to gain from liquidation. THis may be true (although I seriously doubt if the council could enforce that the ground remains for sporting use if there's no football club), but surely he has a lot more to lose by taking on the club again. He'll be stiffed with £1.5m a month in wages, so it'll cost £10m to get to the end of June (even then I'd bet not many big earners contracts are up at that point). He'll know by now how little value is in the squad. He'll know that he had enough trouble selling the club last time, and he'll also not want to throw good money after bad. Link to comment Share on other sites More sharing options...
Chin Strain Posted 5 February, 2012 Share Posted 5 February, 2012 :eek: Aaaargh - who's the guy on the cover of the 3rd programme? Kamil Koslowski Link to comment Share on other sites More sharing options...
pedg Posted 5 February, 2012 Share Posted 5 February, 2012 (edited) Think we can be fairly sure there will not be much in the way of pompey news today. Monday and Tuesday are going to be "interesting times" though I suspect. Still amazed how little about this there is in the main media. AA comes out and says they only have days and its not even on the front page of the news website let alone in any of the national papers. Edited 5 February, 2012 by pedg Link to comment Share on other sites More sharing options...
Pugwash Posted 5 February, 2012 Share Posted 5 February, 2012 It does seem strange that Cedar's website shows some very old programmes and the wording is a bit vague. Is DockerP actually correct? I haven't bought any programmes this season - can someone check and report? Looking at Bishop's website, they do seem to be a very big supplier to Premiership clubs - Chelsea and Arsenal for instance. So wouldn't be surprising if they've undercut Cedar. Link to comment Share on other sites More sharing options...
NorthamSaint Posted 5 February, 2012 Share Posted 5 February, 2012 LOL. !!!!!! Louise Redknapp on Something For The Weekend, talking about making "Bulldog Cakes". A nice going away pressie for Arry ! Link to comment Share on other sites More sharing options...
yoda Posted 5 February, 2012 Share Posted 5 February, 2012 Still amazed how little about this there is in the main media. AA comes out and says they only have days and its not even on the front page of the news website let alone in any of the national papers. perhaps because they've heard it all before? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 5 February, 2012 Share Posted 5 February, 2012 It does seem strange that Cedar's website shows some very old programmes and the wording is a bit vague. Is DockerP actually correct? I haven't bought any programmes this season - can someone check and report? Looking at Bishop's website, they do seem to be a very big supplier to Premiership clubs - Chelsea and Arsenal for instance. So wouldn't be surprising if they've undercut Cedar. The Bishops' Ad in the programme from the Cardiff game says 'proud to be official matchday programme printers'. Apologies due to docker-p I think..... Link to comment Share on other sites More sharing options...
Pugwash Posted 5 February, 2012 Share Posted 5 February, 2012 The Bishops' Ad in the programme from the Cardiff game says 'proud to be official matchday programme printers'. Apologies due to docker-p I think..... Yep. Fair play, it appears he was correct. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 5 February, 2012 Share Posted 5 February, 2012 I think it's the presence of a winding-up petition which means that dispensation has to be sought for the company to enter administration. Under normal circumstances, a business which becomes insolvent engages the services of insolvency practitioners. They in turn decide whether the business can continue to trade, in administration and thus protected from creditors, until a buyer can be found and a CVA agreed. If this is not considered to be possible (if, for example, there are no potential buyers, or if the business is losing money on day-to-day trading) then the business will simply be liquidated. 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. Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 (edited) http://www.cedar.uk.com/portfolio.php This myth was exposed a couple of pages ago. I must be missing something here. Cedar (and its predecessor) have been based in Southampton for 30 years. They have a London office as well, but that has only been open for 25 years. The Saints programme was printed by a Southampton firm (for the last 15 years), now it's printed by skates. This whole thing was argued tooth and nail a while back only for people who mentioned it to be shouted down by those suggesting it was small beer compared to the great strides we had made under Cortese. The usual thing. So long as we keep winning the club can do whatever it pleases when it comes to the `little' things like ticket pricing etc.. Bishops has some decent guys working for it, but its still a skate firm. Edited 5 February, 2012 by Chez Link to comment Share on other sites More sharing options...
Winchester Red Posted 5 February, 2012 Share Posted 5 February, 2012 I'm sure this is worth discussion (well actually I'm not but you can discuss whatever you want), but why is it relevant to the PFC Takeover Saga? ;-) Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 it may say takeover on the tin but, this thread is about all things skate. Back to the takeover, there appears to be a `stronger' transfer embargo in place, (no one out, a cheaper one in debarcle this time) the lads at the FL seem to be on the case finally, so the skates won't be strengthening in the loan window. Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 5 February, 2012 Share Posted 5 February, 2012 I'm sure this is worth discussion (well actually I'm not but you can discuss whatever you want), but why is it relevant to the PFC Takeover Saga? ;-) Its not relevant, move on. Christ you'll be complaining about the pies coming from Pompey Lil's Maggot bags next Link to comment Share on other sites More sharing options...
dronskisaint Posted 5 February, 2012 Share Posted 5 February, 2012 You've got Clotese to thank for that. A Southampton family printers had printed our program for decades before NC decide to rip up the contract and hand it to a Portsmyth firm. "He comes from italy, he ******* hates pompee" my ass. Your ass is what you're talking out of...it's printed by Cedar from Southampton! You have serious Cortese issues...keep taking the pills? Link to comment Share on other sites More sharing options...
Fowllyd Posted 5 February, 2012 Share Posted 5 February, 2012 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. Spot on - we sold players (Surman for one) plus Leon stumped up half a million - effectively paying for Pinnacle to get their exclusivity period, but that cash kept us going at the time. Pompey have sold only one player, for not very much, and have sod all other cashflow to keep them going were they to enter administration. As you say, the end game nears. When we were in administration, a local brewer (the Romsey Brewery I think?) came up with a Saints Ale which I remember drinking in the Platform Tavern. I hope they're readying a celebratory ale for a few weeks' time - they could call it Old Morphy Richards or something of that sort. Then we can all gather together and toast the happy event... Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 Your ass is what you're talking out of...it's printed by Cedar from Southampton! You have serious Cortese issues...keep taking the pills?its printed by Bishops. http://www.portsmouth.co.uk/news/local/east-hampshire/saints_get_signed_1_2700092 Link to comment Share on other sites More sharing options...
Waterside.saint Posted 5 February, 2012 Share Posted 5 February, 2012 Spot on - we sold players (Surman for one) plus Leon stumped up half a million - effectively paying for Pinnacle to get their exclusivity period, but that cash kept us going at the time. Pompey have sold only one player, for not very much, and have sod all other cashflow to keep them going were they to enter administration. As you say, the end game nears. When we were in administration, a local brewer (the Romsey Brewery I think?) came up with a Saints Ale which I remember drinking in the Platform Tavern. I hope they're readying a celebratory ale for a few weeks' time - they could call it Old Morphy Richards or something of that sort. Then we can all gather together and toast the happy event... I see what you did there :lol: Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 limited, but will have to do to pass the time till next week http://www.thespoof.co.uk/news/spoof.cfm?headline=s6i104027 Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 and the general feeling on the island is summed up nicely here http://www.aboutmyarea.co.uk/Hampshire/Portsmouth/PO6/Portsmouth-Bloggers/Tony-Goodall-Portsmouth-and-Pompey/215043-Time-for-Liquidation-For-Portsmouth-Football-Club Link to comment Share on other sites More sharing options...
Ohio Saint Posted 5 February, 2012 Share Posted 5 February, 2012 and the general feeling on the island is summed up nicely here http://www.aboutmyarea.co.uk/Hampshire/Portsmouth/PO6/Portsmouth-Bloggers/Tony-Goodall-Portsmouth-and-Pompey/215043-Time-for-Liquidation-For-Portsmouth-Football-Club AT the end of that article he says "Perhaps it is time for liquidation and time to open a new chapter in the PFC history book" Um, no. If plan B goes ahead, the PFC history book gets closed. Link to comment Share on other sites More sharing options...
bowers-sfc Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.fansonline.net/portsmouth/article.php?id=2068 I was told he would bail them out! dirty skate *****s! get away with it every bloody time Link to comment Share on other sites More sharing options...
Chin Strain Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.fansonline.net/portsmouth/article.php?id=2068 I was told he would bail them out! dirty skate *****s! get away with it every bloody time I just don't get what's in it for him to step in. Link to comment Share on other sites More sharing options...
St Jim Posted 5 February, 2012 Share Posted 5 February, 2012 (edited) http://www.fansonline.net/portsmouth/article.php?id=2068 I was told he would bail them out! dirty skate *****s! get away with it every bloody time I think you are a bit quick to assume he's going to save them. Although saying he doesn't want to see the club liquidated he was quoted as saying - I'm still in a good position. I still have a debenture over the club as security on the club's full assets, so one way or another I'm going to get my money back. to me this suggests that although he doesn't want to liquidate the club it's an option for him. It also suggests he doesn't give a t055 about the club and he's only interested in himself, therefore once he's back in the UK and assesses the situation, he may well decide he will get more money from liquidating them than throwing more money into the cesspit. Edited 5 February, 2012 by St Jim Link to comment Share on other sites More sharing options...
trousers Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.fansonline.net/portsmouth/article.php?id=2068 Close the thread. They're safe. Damnation Link to comment Share on other sites More sharing options...
pedg Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.fansonline.net/portsmouth/article.php?id=2068 I was told he would bail them out! dirty skate *****s! get away with it every bloody time He may say he is going to get his money back and he definitely wants his money back but its difficult to see how that's going to happen unless they find a sap to sell it to. Link to comment Share on other sites More sharing options...
aintforever Posted 5 February, 2012 Share Posted 5 February, 2012 Your ass is what you're talking out of...it's printed by Cedar from Southampton! You have serious Cortese issues...keep taking the pills? You're wrong, it's printed by the dirty skate ****ers, despite the familly run Southampton firm helping out the club whilst in administration. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.fansonline.net/portsmouth/article.php?id=2068 I was told he would bail them out! dirty skate *****s! get away with it every bloody time More fluff and bluster for the phew to vvank over is all that is! He is quoted in that article as 'having paid the January' player's wages, but we know this is b0llocks. He also states he will have a much better idea of how things stand when he comes to england this week. What a load of guff! I'm pretty sure AA can email him all the relevant information and explain what it means over the phone, I fail to see how traveling to England will make things clearer! However, if AA hasn't been telling the truth - like he would do that! - and Chinny wants to come to England to check, he may not like what he finds when he gets here! His whole comments seem very dubious to me, and he's trying to make out that he doesn't really know what's going on! That wouldn't seem to fit with a guy who managed to get a charge raised over CSI the day before the information about the company came out! Don't be fooled, he knows EXACTLY what is going on, EXACTLY how things stand and EXACTLY what he wants / needs to do to ensure he gets as much money as possible! He doesn't give a monkeys about Pompey, never has, never will! Luckily for him though, most of the phew are stupid enough to lap it up when he states how much he loves them! Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.fansonline.net/portsmouth/article.php?id=2068 I was told he would bail them out! dirty skate *****s! get away with it every bloody time I can't quite work out if he has or hasn't paid the players wages in January or is the money he `lent' them for the Jan wages locked in the frozen bank account? Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 I just don't get what's in it for him to step in.Maybe that missing Sheik is buried under **** Park and he doesn't want the house building diggers unearthing the body? Link to comment Share on other sites More sharing options...
bowers-sfc Posted 5 February, 2012 Share Posted 5 February, 2012 More fluff and bluster for the phew to vvank over is all that is! He is quoted in that article as 'having paid the January' player's wages, but we know this is b0llocks. He also states he will have a much better idea of how things stand when he comes to england this week. What a load of guff! I'm pretty sure AA can email him all the relevant information and explain what it means over the phone, I fail to see how traveling to England will make things clearer! However, if AA hasn't been telling the truth - like he would do that! - and Chinny wants to come to England to check, he may not like what he finds when he gets here! His whole comments seem very dubious to me, and he's trying to make out that he doesn't really know what's going on! That wouldn't seem to fit with a guy who managed to get a charge raised over CSI the day before the information about the company came out! Don't be fooled, he knows EXACTLY what is going on, EXACTLY how things stand and EXACTLY what he wants / needs to do to ensure he gets as much money as possible! He doesn't give a monkeys about Pompey, never has, never will! Luckily for him though, most of the phew are stupid enough to lap it up when he states how much he loves them! Its not ********, he has given the money to pay the wages, but as the club have had the accouts frozen, they cant pay them. AA is trying to unfreeze the accounts so they can be paid as the money is there to do so. Link to comment Share on other sites More sharing options...
Chez Posted 5 February, 2012 Share Posted 5 February, 2012 Luckily for him though, most of the phew are stupid enough to lap it up when he states how much he loves them!to be fair chinny has always said he had no interest in owning/running the club, so the skates have never been under the illusion that this guy is gthe one for them. Link to comment Share on other sites More sharing options...
View From The Top Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.facebook.com/events/319677364735360/ Link to comment Share on other sites More sharing options...
Faz Posted 5 February, 2012 Share Posted 5 February, 2012 He won't have "given" them the money. Even if he has lent them the funds, he will have to cough up the existing HMRC arrears, pay the Jan salaries, plus tax etc, so he's in for another £3.2m min. Then he'll have to cover running expenses for the foreseeable. He'd be bonkers. Link to comment Share on other sites More sharing options...
Danish Saint Posted 5 February, 2012 Share Posted 5 February, 2012 So they are "saved" by the one guy, who keeps the club in a constant stranglehold? This just adds to this hilarious situation. Maybe third time is a charm for him. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.facebook.com/events/319677364735360/ "gap tooted?! Link to comment Share on other sites More sharing options...
Chin Strain Posted 5 February, 2012 Share Posted 5 February, 2012 He won't have "given" them the money. Even if he has lent them the funds, he will have to cough up the existing HMRC arrears, pay the Jan salaries, plus tax etc, so he's in for another £3.2m min. Then he'll have to cover running expenses for the foreseeable. He'd be bonkers. This, plus the running costs to get them to the end of the season. Then he could sell as many players as he could in the summer and take the cash....which would be fine if they had a couple of players that they could sell for £5m, but they just haven't. He wouldn't cover the wages to reach the end of the season by player sales, and even then he'd still be up to his eyeballs in future wage bills - I'd reckon LL, Kitson, Norris, Halford to name but a few, have at least 18 months remaining on contracts. Link to comment Share on other sites More sharing options...
buctootim Posted 5 February, 2012 Share Posted 5 February, 2012 Has Cameron offered him a Knighthood or something? ..... Link to comment Share on other sites More sharing options...
trousers Posted 5 February, 2012 Share Posted 5 February, 2012 @pn_neil_allen: So Chainrai claims in the South China Morning Post he and Kushnir have covered January's wages. Why have staff yet to be paid then? #Pompey Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 5 February, 2012 Share Posted 5 February, 2012 http://www.fansonline.net/portsmouth/article.php?id=2068 I was told he would bail them out! dirty skate *****s! get away with it every bloody time Sorry, but that does not stack up at all. He's paid the January wages - which are presumably stuck in the frozen bank account - yet doesn't know what the situation is? Absolute b*ll**ks! The wage bill (excluding tax because they aren't paying that) must be, say £1.5m per month. So are they saying that the money lender has lent them another £1.5m without knowing exactly what the situation is? Um don't think so. Either he knows exactly what the situation is, or he didn't lend them the money & the account is empty as well as frozen. Either way, he's coming to the UK because he's got £17m (or maybe now £18.5m) invested and a potential end-game is coming quickly in 2 weeks time. He needs to be here to decide what to do, or if by some miracle AA does find another mug to palm the business off to again, he'll need to move quickly as well. So no surprise that he's turned up. Vultures always turn up just before the victim dies, they get first dibs on the carcass that way. Link to comment Share on other sites More sharing options...
teamsaint Posted 5 February, 2012 Share Posted 5 February, 2012 This, plus the running costs to get them to the end of the season. Then he could sell as many players as he could in the summer and take the cash....which would be fine if they had a couple of players that they could sell for £5m, but they just haven't. He wouldn't cover the wages to reach the end of the season by player sales, and even then he'd still be up to his eyeballs in future wage bills - I'd reckon LL, Kitson, Norris, Halford to name but a few, have at least 18 months remaining on contracts. there are of course, some parachute payments to come. (not sure if anybody knows how much). I did wonder if somewhere in this heap of debt and intrigue, there was a plan(lumpitt's ?) to keep the current squad in the hope that chanrai would come in to help them avoid liquidation, and that even if they went into admin, the squad was capable of beating the drop with a 10 point deduction. (though they would surely be in for 10 + ? this time) Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 5 February, 2012 Share Posted 5 February, 2012 He won't have "given" them the money. Even if he has lent them the funds, he will have to cough up the existing HMRC arrears, pay the Jan salaries, plus tax etc, so he's in for another £3.2m min. Then he'll have to cover running expenses for the foreseeable. He'd be bonkers. Sums it up really? If so then how did he get to be so wealthy? Not legally, surely? Link to comment Share on other sites More sharing options...
trousers Posted 5 February, 2012 Share Posted 5 February, 2012 1/2: @pn_neil_allen: RT @pfcespana: @pn_neil_allen strangely not his fault that he deposited funds exactly 33 secs before accounts frozen. Damn bad luck he told Prince Wills Link to comment Share on other sites More sharing options...
dronskisaint Posted 5 February, 2012 Share Posted 5 February, 2012 its printed by Bishops. http://www.portsmouth.co.uk/news/local/east-hampshire/saints_get_signed_1_2700092 If this is indeed so I apologise for the first part....I couldn't find any 'printed by' credits on the last few games' programmes which maybe should have raised a question. Link to comment Share on other sites More sharing options...
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