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Pompey Takeover Saga


Fitzhugh Fella

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Remove 1976 & 1988 and add 1911 plus of course the cheating in 1898.

 

 

 

 

 

In the mid 70's they decided against CHEATING for once.

 

http://www.historicalkits.co.uk/Portsmouth/Portsmouth.htm

 

So, in a few hours time, what you're saying is the score will be 4-1 again - obviously in terms of admin :)

 

I, for one, will have a little toast when that happens.

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Yes, yes, I know this one is about arry as well, look I am sorry okay.

 

Anyway for those bemoaning the alleged £8m cost of the trial HMRC have come out and said it was actually a 300K cost for them, £1m for police and CPS and that the legal fee's are all part of a 'net buy' contract meaning the legal bods are paid anyway.

 

http://www.accountancyage.com/aa/news/2145342/hmrc-spent-gbp300-redknapp

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Think the award goes to the club that has to give out the most free tickets to "the community" . The fact that this is to try and fill seats and not an act of generosity does not get taken into account.

 

Tokio Marine Family Club of the Year ??? Someone has to be taking the **** with that one.

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I had to laugh at Dan Roan :)

 

@danroan Dan Roan

Redknapp: "on long drive this morning you start to think about thongs bit it's a difficult job...I have to do what's right for me"

 

 

 

danroan Dan Roan

Predictive text nightmare

7 minutes ago Favorite Retweet Reply

 

 

»

danroan Dan Roan

Things Things Things...sorry!

7 minutes ago Fa

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Just recieved a text from a colleague, Pompey have gone into admin?

 

CBA to troll through this thread, is it true or any snippets as to why they thought it had?

 

Some papers have said they have, some are saying they are about to, but no official confirmation.

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One assumes the teleconference (assuming pompey managed to get HMRC to accept reverse charges) is well over but no news yet. One would guess that is probably not good for them as sure the MP would have not been slow in announcing her part of any delay?

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It's another Golf Tournament in Dubai this weekend. The long established Dubai Desert Classic.

 

Future Mrs D_P is coming along for the day, I'd planned a peaceful stroll watching Damien McGrane (who shot a 7 Under par 65 - lovely golf) after the whole drama of the Hot Air Balloon yesterday - yeah I was the one mouthing up fark off to the muppets if you saw it on Telly)

 

Anyways the lass insists on wearing her Sash Shirt for the day, and amazingly she met about half a dozen different Saints fans.

 

Couple came up to her towards the end of the round and ask "Why you wearing a Southampton Shirt?" "It's to upset any people from Portsmouth and to let them know we are here and, of course to make their day even more miserable with Admin coming. Why, where you from?"

 

"I'm from Portsmouth" the skate replies

 

"Well, don't let another admin spoil your day at the golf"

 

Bless her, they learn so fast these days

 

Will prob dig my shirt out for tomorrow working with one of the televised groups in celebration IF we get confirmation in time

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Not exactly news to those who reads this thread, but I've spoken to a mate (whom I see socially every 2 or 3 weeks ;) ) who has good contacts at the club and he confirms

 

a) that the academy players were indeed sent home,

 

b) that their last home game could have been played had they wanted it to be. The weather was used as an excuse.

 

 

and btw he feels Lampitt is really doing his best for the club, even if others aren't.

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Not exactly news to those who reads this thread, but I've spoken to a mate (whom I see socially every 2 or 3 weeks ;) ) who has good contacts at the club and he confirms.....that their last home game could have been played had they wanted it to be. The weather was used as an excuse.

 

 

Do you mean that the pitch WAS playable but the ref gave them the choice to call it off....? Or do you mean they could have played it from a financial perspective but were simply happy that the weather gave them a fortunate respite from additional costs?

 

Sorry for possibly being thick but when I first read what you wrote there it came across as the club had called it off due to the weather rather than the referee (or rather they had put pressure on the ref to call it off)

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Do you mean that the pitch WAS playable but the ref gave them the choice to call it off....? Or do you mean they could have played it from a financial perspective but were simply happy that the weather gave them a fortunate respite from additional costs?

 

Sorry for possibly being thick but when I first read what you wrote there it came across as the club had called it off due to the weather rather than the referee (or rather they had put pressure on the ref to call it off)

 

Probably chose to water the pitch the night before.......

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Do you mean that the pitch WAS playable but the ref gave them the choice to call it off....? Or do you mean they could have played it from a financial perspective but were simply happy that the weather gave them a fortunate respite from additional costs?

 

Sorry for possibly being thick but when I first read what you wrote there it came across as the club had called it off due to the weather rather than the referee (or rather they had put pressure on the ref to call it off)

 

I think the club allowed the pitch to be badly covered so that it became hard in places so that it could not be played on, but that is my interpretation of what I was told. (There was even a picture in the News that day of the players training on 'the parts of the pitch that were playable', so overall it can't have been too bad.)

 

He simply said to me after answering ny question and confirming that the academy players had been sent home, " ..and the game could have gone ahead."

I said to him ,"you mean but they were better off financially with taking the ticket money but not paying out for the cost of putting the game on", and he said "yes". That's as far as our conversation went before we were interrrupted.

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The kindest thing do would be a points deduction around 25 points. By enusuring they end up in league 1, gives them the best chance for survival. Sell the squad, bring in some cheaper players and start addressing the debt.

 

At some point someone has to look at what a 12,000 average crowd club looks like, when they have over 40 million pounds worth of debt to service and many of those 12,000 are there on 4 for 44 pound offers, freebies and life long season tickets. And of course that 12,000 will drop even further post relegation.

 

The reality is a low to mid table league one club. They just don't want to accept that. The FL and FA need to implement "Tough Love".

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I think the club allowed the pitch to be badly covered so that it became hard in places so that it could not be played on, but that is my interpretation of what I was told. (There was even a picture in the News that day of the players training on 'the parts of the pitch that were playable', so overall it can't have been too bad.)

 

He simply said to me after answering ny question and confirming that the academy players had been sent home, " ..and the game could have gone ahead."

I said to him ,"you mean but they were better off financially with taking the ticket money but not paying out for the cost of putting the game on", and he said "yes". That's as far as our conversation went before we were interrrupted.

 

So, if the Football League had their wits about them and/or the referee had filed a report to say that if measures x,y and z had been taken the game could have gone ahead, then wouldn't they be liable to some kind of fine or suchlike...?

 

Or is this a case of the FL sweeping the problem under the carpet....?

 

edit: and why did they go to the trouble of printing the programmes if they had intended 'engineering' a postponement? (unless of course the pictures we saw of two programmes were simply pre-print run mock-ups....nah, can't be true....)

Edited by trousers
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The kindest thing do would be a points deduction around 25 points. By enusuring they end up in league 1, gives them the best chance for survival. Sell the squad, bring in some cheaper players and start addressing the debt.

 

At some point someone has to look at what a 12,000 average crowd club looks like, when they have over 40 million pounds worth of debt to service and many of those 12,000 are there on 4 for 44 pound offers, freebies and life long season tickets. And of course that 12,000 will drop even further post relegation.

 

The reality is a low to mid table league one club. They just don't want to accept that. The FL and FA need to implement "Tough Love".

 

But the age old Pompey way of high wage contracts will still cripple them - even in League One, they're screwed.

 

'Quality over Quantity' three words that were the death knell (however long it takes) for Portsmouth Football Club (2010 ways to screw football) Limited.

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So, if the Football League had their wits about them and/or the referee had filed a report to say that if measures x,y and z had been taken, then wouldn't they be liable to some kind of fine or suchlike...?

 

Or is this another case of the FL sweeping the problem under the carpet....

 

Too hard to prove. "Oh dear, did some of the straw on the North corner blow off in the night? We didn't realise till the morning."

 

Since they are not paying their stewards , programme sellers, players, car park attendants ..etc, at the moment, any ticket income isn't far off being pure profit. I knew they apparently had the programme printed, which for most clubs would represent a waste of money, but not for PFC, as they're not paying that bill either are they?

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a) that the academy players were indeed sent home,

 

It's funny you should say that, as they appear to have decided that there will be overnight frost that will ensure tomorrow's game is postponed.

 

Pompey Academy’s home fixture against Charlton on Saturday has been postponed.

This is because of a frozen pitch at the Wellington Sports Ground.

 

A new date for the game has yet to be arranged.

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I maybe wrong but I'm sure Boscombe got a 10 point deduction for entering admin for the second time, then instead of -15 for not having a CVA (as Leeds did), got -17 an extra 2 because they were in admin before.

 

I think the intial deduction is always -10 regardless, but then they load extra on in return for the Golden Share. They can pretty much impose what they like for getting that back. If you remember they would only give us ours if we agreed not to appeal against the -10.

 

Therefore I would expect the Skates to get -10, then have terms imposed/extra points deduction when they exit admin........

Edited by Lord Duckhunter
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The English football league is like a jug of gold top (any puppies that don't know what that is,ask your mum or dad) with all the cream at the top, getting more "watery" the deeper down you go.

Some time in the past a huge giant gave it a big stir with a wooden spoon,he stirred and stirred until his big giant arm ached so much he had to go and lay down.The jug of gold top swirled around for a long time and then began to slow down until eventualy it came to rest. The rich cream and the watery milk were all mixed together.Some of the watery milk was near the top,some of the rich cream was near the bottom.Then as the sun set the jug of gold top was put in the scullary(again ask your parents) As time passed the giant slept and the rich cream rose back to the top and the watery milk fell back down.(div 4) how i like to call it.

The next morning the rich cream was rubbed into the 1960's breast's of Sophie lauren (parents again) while the watery milk was put out for the stray cat(with fleas).

I don't why i thought of this i just did

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The pattern in the FL seems to have been -10 for admin, then a further deduction if not out of admin by the start of the next season. That's what happened to Bournemouth, Leeds(?) etc,and indeed to Luton. Luton lost even more ponts because of financial irregularities , which I think were to do with payments to agents.

 

So best case scenario for PFC now is probably -10, scrape through the rest of this season avoiding relegation, and hope to god that some idiot or crook buys them out of admin for peanuts, and with mostly written off debts, by the summer, thereby again screwing their creditors. I reckon this is what Lampitt is trying to achieve.

 

Of course , also possible is just about anything from almost immediate liquidation, to painful hanging on and another -10 to -20 next season.

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I maybe wrong but I'm sure Boscombe got a 10 point deduction for entering admin for the second time, then instead of -15 for not having a CVA (as Leeds did), got -17 an extra 2 because they were in admin before.

 

I think the intial deduction is always -10 regardless, but then they load extra on in return for the Golden Share. They can pretty much impose what they like for getting that back. If you remember they would only give us ours if we agreed not to appeal against the -10.

 

Therefore I would expect the Skates to get -10, then have terms imposed/extra points deduction when they exit admin........

That seems the most likely outcome. However, one scenario the Football League hasn't had to deal with before is such a short period of time between periods in administration.

 

It should be added that Bournemouth failed to get a CVA agreed as well - if they had done so, they wouldn't have had any points deduction once they exited administration.

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The English football league is like a jug of gold top (any puppies that don't know what that is,ask your mum or dad) with all the cream at the top, getting more "watery" the deeper down you go.

Some time in the past a huge giant gave it a big stir with a wooden spoon,he stirred and stirred until his big giant arm ached so much he had to go and lay down.The jug of gold top swirled around for a long time and then began to slow down until eventualy it came to rest. The rich cream and the watery milk were all mixed together.Some of the watery milk was near the top,some of the rich cream was near the bottom.Then as the sun set the jug of gold top was put in the scullary(again ask your parents) As time passed the giant slept and the rich cream rose back to the top and the watery milk fell back down.(div 4) how i like to call it.

The next morning the rich cream was rubbed into the 1960's breast's of Sophie lauren (parents again) while the watery milk was put out for the stray cat(with fleas).

 

I don't why i thought of this i just did

 

My favourite line in this whole thread

 

:D

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If they go into admin and restructure debts, including the existing CVA obligation, then surely they will get an additional penalty for that.. There's not much point having a rule requiring a CVA to be agreed if there are no additional sanctions for failing to honour it.

 

IMO any advance of parachute payments should also come with a points penalty as it clearly gives an unfair advantage.

 

The fact is, their current problem has not even been caused by their legacy issues; it's lack of cashflow because their business model is not self-supporting and the illegitimate credit line closed. "Quality over quantity" :lol: Thank you Lampitt. They could have tried to move on but you ****ed them right in the ass!

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