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Pompey Takeover Saga


Fitzhugh Fella

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They do seem to be getting more bitter and vengeful towards us 'scummers' as the end draws near don't they?

 

Funny how quickly it's gone from them having a billionaire owner while we were on the brink of extinction to... well... the complete opposite.

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And now I see bill (the admin on pompeyonline) is trying to claim that they have always had a problem with all saints fans on there. It's a shame they feel they cannot have a proper conversation with those who wish to debate the points sensibly who are saints fans. My point about hiding my identity was not bragging as Bill claims, I just find it hilarious that skates are so insecure and so unable to reply sensibly to a rival asking sensible questions, that the minute I revealed my allegiance, I would be banned regardless of the content of my posts! Steve grant was banned for absolutely no reason. Are you skates so devoid of intelligence that you would rather hurl abuse and run away than reply with proper arguments? At least corp ho on here tries to answer the points as best as he can!

 

It says a lot for this place that we allow skates on here as long as they are sensible and let them put their side of things. Many posters on pompeyonline post such rubbish sometimes that it seems they would really benefit from some posters putting another side of the story.

 

It seems that Bill prefers the fingers in the ears approach and wants to continue to peddle some of the myths about Portsmouth. One of the biggest jokes is the amount of positive inside info he has claimed to have during this saga which has turned out to be utter rubbish as they have lurched from one crisis to the next. As they continue to treat all posters who write anything vaguely controversial as 'scummers' they prove once again how incapable they are of having a sensible debate and being able to form cogent and polite responses. Sad.

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They all turned their back on the pitch for 2 minutes after half time. It really proved a point..

 

FFS they can't even come up with their OWN ideas for a protest!

 

I suggested that about 3 years ago when we were debating what to do to protest at Lowe.

 

It was turned down as being too ghey.

 

Typical few, always stealing

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My cousin texted Solent about Poopey and Solent plugging the whole 'small squad whinging'..which was prevalent again during the Pompey commentary.

 

Basically he said , 'time to stop going on about the small squad - what about 'quality over quantity' - Pompey COULD have bought 2 players on 10k but chose to buy one on 20k. Can't have it both ways...

 

They wouldn't read it out.

 

Surprise surprise - best keep the myth going eh?

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The parachute payment advance is key to them being allowed to go into admin IMHO. I can't see Chinny chasing £17m, or whatever he's 'owed' (I'm certain he would have had a chunk of this already via player sales etc) by spending a further £x million to fund them. It's already well into diminishing returns, and I suspect he knows it's time to cut his losses, hang on to the ground, and hope he can flog it for a few million in the future

 

I suspect that the Football League have said that they will advance the payments, if the club are in admin and take the points penalty. If all of the parachute money were advanced, that would be enough for the club to limp to the end of the season and keep the taxman from the door, especially if some of their players are shipped out on loan. Even loans can result in a fee being paid to the players club.

 

This isn't a solution, but it is effective to gain a bit more time. Of course, come April when the first CVA payment is due, they're in trouble again, without even starting to think how crippled the club would be next season; no PP, low budget for a Championship further reduced by having to pay off old debts. In fact, heresy as it may be, this sounds like my preferred option. Not wound up, just scraping along in misery.

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This isn't a solution, but it is effective to gain a bit more time. Of course, come April when the first CVA payment is due, they're in trouble again, without even starting to think how crippled the club would be next season; no PP, low budget for a Championship further reduced by having to pay off old debts. In fact, heresy as it may be, this sounds like my preferred option. Not wound up, just scraping along in misery.

 

Exactly. A long slow death for them is so much more fun for us to watch. I can see this thread doubling in size as we enjoy their gradual descent through the League.... whilst we go in the other direction.

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R4 is the best place to go for a proper, almost always balanced view of what's going in the world. The comedy shows are a real bonus. The Now Show is brilliant. Struggle with The Archers though. It's a bit twee, and I really don't give a stuff what percentage of the cider Joe Grundy is going to get from the orchard. Zzzzzzz.....

 

Don't knock it. I reckon Joe Grundy would be an excellent owner for Pompey.

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I suspect that the Football League have said that they will advance the payments, if the club are in admin and take the points penalty. If all of the parachute money were advanced, that would be enough for the club to limp to the end of the season and keep the taxman from the door, especially if some of their players are shipped out on loan. Even loans can result in a fee being paid to the players club.

 

This isn't a solution, but it is effective to gain a bit more time. Of course, come April when the first CVA payment is due, they're in trouble again, without even starting to think how crippled the club would be next season; no PP, low budget for a Championship further reduced by having to pay off old debts. In fact, heresy as it may be, this sounds like my preferred option. Not wound up, just scraping along in misery.

 

How would they stand if they missed the first CVA payment? Without an 'investor' even if they got the parachute payment I can't see that they could pay the players, pay the taxman, pay the first CVA and get to the end of the season. It just doesn't stack up.

 

A normal administration would be 10 point deduction. Failing to meet any CVA payments from the last CVA, a wish to have a payment advanced whilst not selling players in the window, would sit very uncomfortably with the other teams in the division. What if one of the other teams asked for monies to be advanced that they're expecting in the summer, just so they could keep their squad together? As a creditor (tax payer), I'm uncomfortable with PPs that have been earmarked for the last CVA, being used to pay players. It basically further diminishes any chance we have of getting the 20p in the £ back. Due to the last CVA the implications of advancing PPs are pretty complex I'd imagine.

 

There should be some pretty hefty strings attached to any advance of parachute payments - whether that's automatic relegation, or a massive points hit, I don't know.

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I suspect that the Football League have said that they will advance the payments, if the club are in admin and take the points penalty. If all of the parachute money were advanced, that would be enough for the club to limp to the end of the season and keep the taxman from the door, especially if some of their players are shipped out on loan. Even loans can result in a fee being paid to the players club.

 

This isn't a solution, but it is effective to gain a bit more time. Of course, come April when the first CVA payment is due, they're in trouble again, without even starting to think how crippled the club would be next season; no PP, low budget for a Championship further reduced by having to pay off old debts. In fact, heresy as it may be, this sounds like my preferred option. Not wound up, just scraping along in misery.

 

That sounds a plan and, as Hypo states, further time for 'the bestest' to get even more bitter and twisted, more time for the hate to ferment and then fester while we....Well what will we do?

 

Add another 500 pages, wet ourselves laughing, expose more bull$h!t, patronise them, pity them......whoa ESB! :blush: that last bit ain't gonna happen! :rolleyes:

 

This thread is going to upset Tolstoy because it's going to be longer than War & Peace.

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How would they stand if they missed the first CVA payment? Without an 'investor' even if they got the parachute payment I can't see that they could pay the players, pay the taxman, pay the first CVA and get to the end of the season. It just doesn't stack up.

 

 

I think it depends on who is administering the CVA. From what happened at Swindon , it would seem that AA would just kept on moving the first payment date for the CVA whilst claiming that the CVA was still being honoured. However , I thought that the CVA was now being administered, at the request of HMRC, by Baker Tilly. Apparently they will not be so compliant.

 

Tough times indeed for the blue few.

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Unfortunately I made the mistake of logging in late last night so have now been banned. Fortunately I planned for that scenario and have another username :). If anyone has their own login to pompeyonline I would appreciate if they shared it (I wouldn't post, just lurk).

 

hello - I can help...

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Avid follower of this thread but scarcely comment.

 

However a debate with a skate fan has made me chuckle. Saying its not their fault as after the fit and proper they put their trust in the owners, had no answer when i asked where the protest was when they won the cup? Tried bantering me for they 8000 attendance for Millwall in the cup, I swiftly pointed out the 4000 they got in the league cup game of similar ilk. Giving it large about that league title in the 1920s and reckons 27 years in the top flight is nothing to be proud of as we won nothing. Starting to wind me up, anyone got any more facts i can lay on him to shut him up?

 

Skates......deluded to the core

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couple of little gems from Claridge last night.

I was expecting the usual hype but in his defence he was the king of understatement with, 'they have a good budget down there' followed by, the players are fine waiting a couple of weeks for their wages so it shouldn't bother them.

 

And he's right - office girl can be evicted from her flat or lose her car and the club doesn't give a sh!t - but players are guaranteed their money whatever happens and would be better off with the club folding, so they are laughing all the way to the liquidation hearing.

 

Still don't understand the few's little protest - was it ironic, turning their back on the club?...odd.

 

I can see them dodging this bullet from the taxman.............but Baker Tilley are just loading the aircraft - the CVA Exocet will be incoming shortly.

That's the one with the potential to do real damage.

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Avid follower of this thread but scarcely comment.

 

However a debate with a skate fan has made me chuckle. Saying its not their fault as after the fit and proper they put their trust in the owners, had no answer when i asked where the protest was when they won the cup? Tried bantering me for they 8000 attendance for Millwall in the cup, I swiftly pointed out the 4000 they got in the league cup game of similar ilk. Giving it large about that league title in the 1920s and reckons 27 years in the top flight is nothing to be proud of as we won nothing. Starting to wind me up, anyone got any more facts i can lay on him to shut him up?

 

Skates......deluded to the core

 

Just bust his nose. I find that tactic deeply satisfying.

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Avid follower of this thread but scarcely comment.

 

However a debate with a skate fan has made me chuckle. Saying its not their fault as after the fit and proper they put their trust in the owners, had no answer when i asked where the protest was when they won the cup? Tried bantering me for they 8000 attendance for Millwall in the cup, I swiftly pointed out the 4000 they got in the league cup game of similar ilk. Giving it large about that league title in the 1920s and reckons 27 years in the top flight is nothing to be proud of as we won nothing. Starting to wind me up, anyone got any more facts i can lay on him to shut him up?

 

Skates......deluded to the core

 

What league title win i the 1920s? or are you referring to their back to back title wins of 1948 and 1949. Need to get these facts right as well. or they will shiitte over you.

 

You could quote Saints Southern league Champions for 1897 1898 1899 1901 1903 1904 Pompey won it 1902 and 1920. So when things were all even there was only one obvious club on the south coast. plus we made two FACup finals in 1900 and 1902.

 

The Southern League is over looked by history but it was an important league and Saints had signed players for the football league and were the top southern league team. The football league only consisted of the northern clubs plus arsenal.

 

So you could argue we have 6 titles against their 4 !?!

 

Or am I clutching at straws.

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This has been done before but I have posted a reply I received from the Football League this week. I raised the issue of points deductions and 'fit and proper' test with them after the excellent article on the beeb from the PFC Supporters Trust last week - they are trying to raise money to pay inter alia HMRC but were told by Convers Sports that proof of funds of £12m and then a further £20m were needed to cover all current liabilities. I do not support PFC going out of the league by the way.

 

This is to reassure them about the support they might get from theb Football League. You will not read a bigger load of 'avoid the issue' c**p this week.

 

Jeff,

Many thanksfor your email the points of which have been noted. The Football League isactively looking into the situation to obtain all the information we need. Weneed to ensure that the decision is the right one and one that is able towithstand scrutiny therefore only when we have this information will we be ableto make a decision with regards to a points deduction.

Inreference to your points, the regulations that were in place whenSouthampton FC was deducted 10 points are different to those that are in placenow. The current regulation relating to this can be found at 12.3 of ourregulations available on the website here: http://www.football-league.co.uk/regulations/20110629/section-3-the-league_2293633_2125717.

Inaddition, for reference you may also wish to view the Owners’ and Directors’Test. Please view Appendix IV available on our website here http://www.football-league.co.uk/regulations/20110629/appendix-4_2293633_2128219.

Inaddition please find an FAQ regarding the Owners and Directors Test which youmay find useful http://www.football-league.co.uk/page/FAQ/FAQsDetail/0,,10794~2428071,00.html.

Further toabove, any deduction of points is not automatic and is at the Board discretion.The Football League is currently still investigating the situation atPortsmouth and as we are currently considering the issue of a point’s deductionit would be inappropriate for us to comment any further at this time.

Thankyou for contacting The Football League.

Regards,

Andrew Pomfret

Customer Services Officer

The Football League Limited

Email - enquiries@football-league.co.uk

www.football-league.co.uk

The Football League Ltd. RegisteredOffice - Edward VII Quay, Navigation Way, Preston PR2 2YF. Registered No:80612. Tel: 0844 463 1888. Fax: 0844 826 5188.

LondonOffice - 30 Gloucester Place, London, W1U 8FL. Tel: 0844 826 3099

 

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can't see the FL doing much' date=' they're pontificating TOO long...[/quote']

 

I think the thing is that the rules that apply to pompeys current situation are obviously open to interpretation and if the league made a decision to apply a points penalty it might be open to challenge. If however they go into admin of their own volition then it makes it a lot easier for the league. The main problem for the league would be if pompey managed to get to the end of the season without going it admin as even if they got new money in they would have gained a significant number of points when having an unfair advantage and the league could be open to being sued by a relegated club for not applying their rules correctly.

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How would they stand if they missed the first CVA payment? Without an 'investor' even if they got the parachute payment I can't see that they could pay the players, pay the taxman, pay the first CVA and get to the end of the season. It just doesn't stack up.

 

A normal administration would be 10 point deduction. Failing to meet any CVA payments from the last CVA, a wish to have a payment advanced whilst not selling players in the window, would sit very uncomfortably with the other teams in the division. What if one of the other teams asked for monies to be advanced that they're expecting in the summer, just so they could keep their squad together? As a creditor (tax payer), I'm uncomfortable with PPs that have been earmarked for the last CVA, being used to pay players. It basically further diminishes any chance we have of getting the 20p in the £ back. Due to the last CVA the implications of advancing PPs are pretty complex I'd imagine.

 

There should be some pretty hefty strings attached to any advance of parachute payments - whether that's automatic relegation, or a massive points hit, I don't know.

 

It's difficult to find out the legal precedent for this because of the relatively unusual circumstances, given the old co, new co arrangement. Of course, in their current circumstance, it is a question of order of payments. The tax and running costs are needed now, CVA payment is not due until April. Giving them an additional 6-8 weeks to find a mug to buy the club. It's a can kicking, robbing Peter to pay Paul, time-buying exercise rather than a solution, but given the circumstances, delaying the inevitable is the best of a series of bad options.

 

Giving this thread another 2 months of fun.

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I think some of our fans are becoming obsessed with Pompey!

 

If they do go pop what will you all do?

 

1) Laugh

2) Feel justice has been served

3) Party

4) Ring up the two skates who I've had sensible conversations with and wish them well for AFC Southsea

5) Get on with supporting Saints as I always have

6) Regain the chunk of my life that this thread has purloined...it's given me laughs galore, wide-eyed incredulity and a further education in admin law etc

7)...keep taking the p*ss

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It's difficult to find out the legal precedent for this because of the relatively unusual circumstances, given the old co, new co arrangement. QUOTE]

The old co/new co thing is a bit of a red herring. All things are viewed by the league as pertaining to 'the club'. We still got hit by -10 even though a whole new regime was in place.

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The old co/new co thing is a bit of a red herring. All things are viewed by the league as pertaining to 'the club'. We still got hit by -10 even though a whole new regime was in place.

 

From the league's point of view, I agree. From an insolvency law point of view, I can only find information on failed CVA payments that relate to the same corporate entities, not failed payments for a new limited company that have taken on a CVA for a liquidated previous company.

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I think some of our fans are becoming obsessed with Pompey!

 

If they do go pop what will you all do?

 

The Group Mind by William McDougall, as cited in Freud's 'Group Psychology and the Analysis of the Ego', listed rivalry against similar groups as being one of the defining points of an organised group that raised it above the intellectual level of a rabble.

 

Of course, he also said that this results in the group having a combined intellectual level of the highest minds in the group, explaining why Poopey fans are still a rabble.

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ITS not just a matter of turning up to watch a team.Its how you support your team at the game. Yes some will ust sit quietly and watch the game. Others will make as much noise as possible,win lose or draw. Our fans have always been noisy and passionate. How many clubs would take 14000 fans to a Tuesday night league cup game? whilst in the old 4th division.... ok it was Liverpool away,but 14000- a 500 mile round trip....How many times did we take thousands to Huddersfield in the 80s? Plymouth,ok not quite so far,but 80% of the fans were Pompey on the day!Northampton and others.. So we dont take so many these days,although 1500 is a hell of a turn up for a team in our position,but its the support they give that makes the difference to the players. How many times this season alone,has the opposition fans or players remarked on how passionate and noisy we are? Thats what makes this old club what it is. And around the world,somewhere,there may just be someone saying *i want some of that* and will come to our rescue. 300,3000 or 25000,we are the best fans around. Why did Sky love coming to Fratton when we were in the Premiership? Cos they loved the atmosphere,and they said that themselves. I remember 1966-7 when we played Fulham in the cup-46000 and the chimes echoing around Fratton. Iwanted more of that as a small kid,and was lucky enough to get it,right up to Wembley vs Cardiff. So i say to anyone who can,to get down the park on Tuesday and make the atmosphere even better...frighten Ipswich of the pitch. Wish i could be there,i still miss the buzz even at my age. Dont let this great old club die.

 

Like a scratched ****ing CD!! Besides having crooks as owners, the inbreds can't see the other main problem, there just aren't enough of them who want to watch that **** in the ****hole of a city!!!

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All this speculation is ..........................well speculation.

I see it like this. Poopey will be wound up on the 20th of Febuary 2012. There is nowhere for them to go now.

Cannot wait,it's like being 9 years old a week away from christmas. 20th Febuary 2012.

 

If they do get wound up it will be a beautiful day, especially given that if we beat West Ham on Tuesday Pompey's liquidation could put us 8 points clear of the Hammers. The 20th feb would become an annual celebration, the day justice was served and cheats got what they deserved.

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If they do get wound up it will be a beautiful day, especially given that if we beat West Ham on Tuesday Pompey's liquidation could put us 8 points clear of the Hammers. The 20th feb would become an annual celebration, the day justice was served and cheats got what they deserved.

 

But if they're able to put themselves into Admin before the 20th, they can't get wound up - yet.

 

That will give them the temporary protection from creditors (incl HMRC) - however, it comes down to cashflow again. They need someone to bankroll it, or for the FL to advance them payments.

 

Sadly I think they'll get away with it, for now. Happy to be proved wrong....

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It could be a very interesting week coming up. The High Court is going to rule this week on the football creditors rule. That could put the cat well and truly at the pigeons's throat if that goes to HMRC. Administration will mean a whole new scenario for the players, clubs, transfer fees owed, ticketing etc. If it happens there will be a lot more liquidations as the football fraternity won't wear losing money.

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Only the pompey fans would do the conga live on tv at an away game, we are pure quality,you wont see any other fans do that,the support was first class,we showed just what Pompey is all about .PUP

 

The reason why they could do this, was because there was enough room due to few blue turning up!!

CAN SOMEONE PLEASE GET A GUN AND PUT THIS LAME CLUB OUT OF ITS MISERY!???!!!

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I think some of our fans are becoming obsessed with Pompey!

 

If they do go pop what will you all do?

 

That's the problem with this thread. It's become a monster now and for quite a few on here it's become a big part of their lives. Someone was even complaining that he couldn't sleep over it the other night FFs!

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That's the problem with this thread. It's become a monster now and for quite a few on here it's become a big part of their lives. Someone was even complaining that he couldn't sleep over it the other night FFs!

 

I've posted on here quite a lot.

 

If you are wound up I can promise you I will be very pleased and will not miss you, your stinking club or this thread one jot.

 

Toodle pip, **** face.

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That's the problem with this thread. It's become a monster now and for quite a few on here it's become a big part of their lives. Someone was even complaining that he couldn't sleep over it the other night FFs!

 

From all the Pompey forums I've lurked on - I don't think they could cope with a thread this long....

 

It says more about the design and useability of this forum that it's stretched as long as it has TBH.

 

All Pompey and non SWF ones for Saints are more of a pain to bloody follow.

 

That - and we're obsessed with Pompey's demise. Slow and steady is my favourite - a relevant punishment for the ongoing bending of rules and downright nauseous 'Plucky Pompey' line...

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I've posted on here quite a lot.

 

If you are wound up I can promise you I will be very pleased and will not miss you, your stinking club or this thread one jot.

 

Toodle pip, **** face.

 

^This. I have followed this thread avidly for some time as a lurker, but only recently been spurred into registering, and then becoming a full member, as a consequence of the unremittting stream of b*llox emanating from Skateville. They can't dodge bullets for ever, but they've dodged so many over the years that they've begun to believe their own BS as they confuse charity with obligation. They really do believe they are entitled to a permanent seat at the top table and no-one here has been able to convince them otherwise, so hopefully they are on the last of their charmed lives now. COYHMRC!

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