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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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teamsaint

teamsaint

Posted
Posted
Looked pretty full to me. Were there any cheap tickets?

 

And most of all, why the hell are they bothering themselves with a rival's attendances when they're about to go bust?

 

can someone point me in the direction of the cheap or free tickets please? I wouldn't mind. some.

 

and I see they must have expanded SMS to over 48k capacity since last tuesday.

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rallyboy

rallyboy

Posted
Posted

while the clock is indeed ticking I expect to see some botched dog's dinner of a delay, someone will plug the life support back in via a small coin meter.

 

AA is not stupid, he MUST have a plan, pretty soon he'll show his hand.

So I'm pretty certain they will NOT be liquidated next week, despite the state of the business.

Time will be bought, though it will never be paid for.

 

No one is prepared to bang the final nail in, creditors are standing about looking at each other.

 

I expect them to stumble on, penniless and insolvent......Unless of course the police or others suddenly announce that they are not prepared to continue working for nothing and the Ipswich game is postponed.

 

That would be a major indicator that the fat ladies have ridden the four horses of the apocalypse up the Eastern Road and are clippety-clopping through the industrial estate doing vocal warm-ups while looking for a microphone.

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Doctoroncall

Doctoroncall

Posted
Posted
Whilst admitting to having felt sorry for Appleton - I wonder what line they spun him? - This does sound a little naive:

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appy_s_honest_admission_over_pompey_job_1_3512054

"While Appleton has declared he has no intention of walking away from Pompey, he has been honest enough to admit he would not have taken the job in its current guise.

Appleton said: ‘I had opportunities to leave West Brom well before I came to Portsmouth but they were not right for me.

‘Coming to Portsmouth wasn’t a gamble at the time.

‘It was a secure football club with secure owners and it was all hunky-dory. "

 

I think he might be after a new agent if he was told that.

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Channon's Sideburns

Channon's Sideburns

Posted
Posted
Makes you sick. How on earth has is not been pointed out that the playing field is hugely,and unfairly in their favour? Do reporters not think to ask him this? Wouldn't take long to explain. He's already shown complete ignorance for the subject by saying all was fine when he took over. This started years ago. How can 'fine' be having cva payments to come, a squad you can't afford, a corrupt owner only there to launder money and tax bills piling up.

 

Why is this all just fine? How long does it have to be poor little pompey? The ignorance in wider football for this is absolutely bewildering.

 

Like I said on here yesterday, my cousin sent Solent a text about 'quality over quantity' - and Pompey's double standards, and yet they wouldn't read it out.

They're as guilty as any of perpetuating the myth.

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Goalie66

Goalie66

Posted
Posted

So it would appear that the only way that Pompey can surive in the short term at least is getting an advamce on the parachute money. It would also appear that there is a war going on behind the scenes between AA and Lampitt. AA wants this cash for Chanrai. Lampitt wants it to clear some debts and get through to April , even if that means Administration to do so as they would have the funds to finance it.

 

Naturally Lampitt would want someone other than AA, if they entered Administration, but the BIG BIG stumbling block is that Chanrai is not going away until he gets some money and can still block any realistic takeover.

 

One party will have to give or the Football League or whoever controls the parachute money says NO. If that is the case WUP becomes WUO next week.

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hypochondriac

hypochondriac

Posted
Posted
Oh do grow up. Nobody wants you on there. When it comes down to it, nobody really wants you here either.... take a hint!

 

Miaow! Can we focus our attention on the blue few on this thread please. This isn't the place for rivalry between saints fans. we all share a common goal- to see the skates get what they deserve- lets not lose sight of that.

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stev2001

stev2001

Posted
Posted

So is Friday the day we get a statement from AA saying something like......... "We are so close to a deal that can save the club but HRMC are pushing too hard to get the court hearing through on Monday which could ruin any chances of getting tax payers money back. We just need a little more time, why have they got it in this this for poor plucky club"

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ericofarabia

ericofarabia

Posted
Posted
So is Friday the day we get a statement from AA saying something like......... "We are so close to a deal that can save the club but HRMC are pushing too hard to get the court hearing through on Monday which could ruin any chances of getting tax payers money back. We just need a little more time, why have they got it in this this for poor plucky club"

 

Yay .... back to the good old F5 Fridays :lol:

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Corporate Ho

Corporate Ho

Posted
Posted
Chinny shot his wad last season in his quality over quantity gamble to go up. I predicted then that he'd pull the plug if (as we expected) it would fail. But this was postponed temporarily as he succeeded in finding a couple of crooks (allegedly) with filthy money to keep them running for half a year or so. Now that Chinny is within touching distance of his next beloved parachute payment, I'm sure he's not going to lose any sleep over any strings attached to bringing it (and maybe the last one too) forward.

 

The last thing he wants to do now is waste money on trivial things like players and staff salaries. If the FL tell him that Cheats FC have to go down 13 divisions, along with a 150 point penalty, to have those payments brought forward, I'm sure his response will be "where do I sign?"

So you “predicted” yet another thing that didn’t happen. There’s a surprise. Chainrai didn’t gamble on anything last season because he didn’t put a penny into the club. The only reason we signed Kitson and Lawrence is because they were in PX for Wilson – no money required. Do you really think he’s going to get his hands on the parachute payments? Even if some are advanced to keep us going can you really see HMRC or the FL allowing him to take them? You’re in a dream world. As long as the club’s alive it needs funding. Chainrai hasn’t put money in and doesn’t want to start now.

 

I have one question....

 

Just how wealthy is Mr. Chainrai?

 

I know people don't get filthy rich by writing off £17m "investments" but I'm sure a 'seriously rich' person would have written off their Pompey gamble by now. Which, leads me to believe that Chainrai, whilst richer than you or I, can't be in the 'seriously rich' bracket, can he?

 

How rich is he in the general scheme of things? Perhaps he simply can't afford to write off what would be small change for the likes of, say, the Liebherr

PMSL. People often say this to me on here but really you lot “STILL DON’T GET IT” do you? There was no £17m investment. It’s all been a con, a way for Chainrai and Kushnir to make money from nothing. His loan wasn’t to PFC in the first place; it was to Ali al Faraj (or rather his company Falcondrone). Leaving aside the question why Chainrai would loan £17m to someone he didn’t know, don’t you think he seemed very laissez faire when this man defaulted on the repayments just a month or so later? Don’t you think his reaction in saying “OK, no problem, I’ll just take over the football club instead” to be slightly odd? Don’t you think it’s odd that he didn’t pursue al Faraj for repayment? Don’t you think it’s odd that despite apparently sitting on a £17m pile of cash that he got for nothing that al Faraj is still working in a bank?

 

100,000 more like

On behalf of everyone on POL I’d like to thank Tony Seaton for giving us one of the biggest laughs in ages with his e petition. I mean, apart from seeming to think that Penny Mordaunt is asking for PFC to be let off paying the tax we owe rather than just giving us more time to pay. In addition, his comedy levels of literacy (“Bussiness”, “thier”,”treasurary” “conserative”) must have impressed whoever collates these e petitions at government level. We’re thinking of starting our own e petition to improve the evident poor standards of literacy in Southampton schools and suggesting that a foundation be set up – “The Derek Zoolander & Tony Seaton Center For Children Who Can't Read Good And Wanna Learn To Do Other Stuff Good Too”

 

So it would appear that the only way that Pompey can surive in the short term at least is getting an advamce on the parachute money. It would also appear that there is a war going on behind the scenes between AA and Lampitt. AA wants this cash for Chanrai. Lampitt wants it to clear some debts and get through to April , even if that means Administration to do so as they would have the funds to finance it.

 

Naturally Lampitt would want someone other than AA, if they entered Administration, but the BIG BIG stumbling block is that Chanrai is not going away until he gets some money and can still block any realistic takeover.

 

One party will have to give or the Football League or whoever controls the parachute money says NO. If that is the case WUP becomes WUO next week.

Missing some key points here I’m afraid. It seems pretty unlikely administration will be granted and that’s going to have Chainrai in a panic. HMRC will definitely challenge it and more to the point (and something you seem to have missed on here – amazingly given that you’re investigative geniuses) is whether Chainrai’s charge that would allow him to put us into administration is valid. I’ll let you discuss that one amongst yourselves before explaining why. As we’ve debated (at length) before, liquidation is a nightmare for Chainrai. No funds from player sales, no parachute payments, all he’s left with is Fratton Park. Now admittedly he could land bank it and try and wait out PCC’s opposition to building on the site but PCC have already stated that if a phoenix club is formed it should play at Fratton so he runs the risk of PCC buying the site via a CPO valued by independent agents, not one of his lapdogs. (and before anyone, once again rants on about why PCC would do this please take the time to read the PCC document I posted a link to a few pages back which outlines the situation in some detail, along with the possibility of them performing a CPO on Gaydamak’s land – I’m not making things up, it’s all in the document).

So, Chainrai really is between a rock and hard place. He’s not going to get £17m for the club, any potential buyers know he’s over a barrel and he has a week to do something about it. Whether a buyer will come in or not I don’t know but it sure is fun seeing the **** squirm after all he’s done to the club. Personally, I think the application to put us into admin will buy us a week or two while the courts consider it before throwing it out and then he needs to sell or roll the dice on keeping Fratton for its land value.

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stev2001

stev2001

Posted
Posted

OK my prediction on the following week and beyond:

Forgetting advanced parachute payments or not, Chainrai will not want to let them go as its too much money to lose. This means he has to keep the club alive any way he can. He will pay to enter admin on Friday using advanced PPs or otherwise. While in admin he'll hope the club becomes more attractive to buy knowing that with -10 they are likely to stay up. If no one comes in he'll loan the club more money to get out of admin and wait till the summer. He'll then have a fire sale of players and get back as much money as he can back that way (if any) but more importantly vastly reduce the overheads. Then he'll get through next season with little or no outgoings due to a bottom of the table squad of cheap loanees.He'll then get his last PP, Pompey will be relegated and he'll liquidate with most of the CVA still left to pay. He will also keep hold of the stadium to sell later when the dust settles and Tesco comes a knocking.

 

Any more predictions? I hope I'm right though as that will be a slow miserable demise especially if we get to play (embarrass) them twice!!!!!!!!!!!!

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Weston Super Saint

Weston Super Saint

Posted
Posted

Chainrai hasn’t put money in and doesn’t want to start now.

 

PMSL. People often say this to me on here but really you lot “STILL DON’T GET IT” do you? There was no £17m investment. It’s all been a con, a way for Chainrai and Kushnir to make money from nothing. His loan wasn’t to PFC in the first place; it was to Ali al Faraj (or rather his company Falcondrone).

 

 

Missing some key points here I’m afraid. It seems pretty unlikely administration will be granted and that’s going to have Chainrai in a panic. HMRC will definitely challenge it and more to the point (and something you seem to have missed on here – amazingly given that you’re investigative geniuses) is whether Chainrai’s charge that would allow him to put us into administration is valid. I’ll let you discuss that one amongst yourselves before explaining why. As we’ve debated (at length) before, liquidation is a nightmare for Chainrai. No funds from player sales, no parachute payments, all he’s left with is Fratton Park. Now admittedly he could land bank it and try and wait out PCC’s opposition to building on the site but PCC have already stated that if a phoenix club is formed it should play at Fratton so he runs the risk of PCC buying the site via a CPO valued by independent agents, not one of his lapdogs. (and before anyone, once again rants on about why PCC would do this please take the time to read the PCC document I posted a link to a few pages back which outlines the situation in some detail, along with the possibility of them performing a CPO on Gaydamak’s land – I’m not making things up, it’s all in the document).

 

 

So, Chainrai really is between a rock and hard place. He’s not going to get £17m for the club, any potential buyers know he’s over a barrel and he has a week to do something about it.

 

It truly is utterly mind boggling how you manage to contradict yourself in one post!

 

You say Chainrai hasn't put a penny into the club and that it was all a con - a FACT that I agree wholeheartedly with and stated a couple of hundred pages ago, at the time though you called me a bed wetting conspiracy theorist!

 

Then you say he's between a rock and a hard place and that he won't be getting the £17m for the club.

 

I guess it depends on your viewpoint really. He DIDN'T put any cash into the club, he STILL HAS his original £17m, and while it would be nice to con someone else into giving him money for a club he's paid nothing for - how much did he get from CSI 'up front'? - he is currently not owed a penny.

 

So, what is to stop him from letting the club be liquidated and then eventually selling the land he owns on for £3-4m?? Three years 'work' for £3m is a bloody good return in anyone's book!

 

I know liquidation is not what you and the rest of Portsmouth want but if it gets chinny more money than he's currently lined up to get, I'm sure he'll take it in a heart beat!

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Goalie66

Goalie66

Posted
Posted (edited)

Missing some key points here I’m afraid. It seems pretty unlikely administration will be granted and that’s going to have Chainrai in a panic. HMRC will definitely challenge it and more to the point (and something you seem to have missed on here – amazingly given that you’re investigative geniuses) is whether Chainrai’s charge that would allow him to put us into administration is valid. I’ll let you discuss that one amongst yourselves before explaining why. As we’ve debated (at length) before, liquidation is a nightmare for Chainrai. No funds from player sales, no parachute payments, all he’s left with is Fratton Park. Now admittedly he could land bank it and try and wait out PCC’s opposition to building on the site but PCC have already stated that if a phoenix club is formed it should play at Fratton so he runs the risk of PCC buying the site via a CPO valued by independent agents, not one of his lapdogs. (and before anyone, once again rants on about why PCC would do this please take the time to read the PCC document I posted a link to a few pages back which outlines the situation in some detail, along with the possibility of them performing a CPO on Gaydamak’s land – I’m not making things up, it’s all in the document).

 

So, Chainrai really is between a rock and hard place. He’s not going to get £17m for the club, any potential buyers know he’s over a barrel and he has a week to do something about it. Whether a buyer will come in or not I don’t know but it sure is fun seeing the **** squirm after all he’s done to the club. Personally, I think the application to put us into admin will buy us a week or two while the courts consider it before throwing it out and then he needs to sell or roll the dice on keeping Fratton for its land value.

 

Well you could be right but Lampitt could put the club in Admin if he can demonstarte that he has funds to sustain the club, so your assumption that only Chanrai can initiate Admin is incorrect. He is a DIRECTOR. What choice does he have at the moment. ? Liquidation? or he tries to get the parachute payments with the likely consequences of severe points penalties. On the other hand, Chanrai, as you say may not benefit from EITHER liquidation or Admin. He is not benefitting at the moment from CSI's admin is he. We appear to all agree he is not going to finance the next Admin, even if could initiate it. So. What are the options for Chanrai? Of them all Liquidation may be his best bet as there maybe a chance that Fratton Park may change its covenant and be avaialble as commercial land

Edited by Goalie66
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Channon's Sideburns

Channon's Sideburns

Posted
Posted

Ho Ho Ho...that's rather strange what you say about no money for Marc Wilson....

 

As most reports at the time of the transfer indicate that Poopey got money plus Kitson and Lawrence.....

 

Yeah - great deal - so you sold a player for cash who was probably on less than £10k per week, but then brought in two players for £20k per week.

 

Great business - running a football club the Pompey way......and you wonder why you're in the sh1t?

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tony13579

tony13579

Posted
Posted (edited)

On behalf of everyone on POL I’d like to thank Tony Seaton for giving us one of the biggest laughs in ages with his e petition. I mean, apart from seeming to think that Penny Mordaunt is asking for PFC to be let off paying the tax we owe rather than just giving us more time to pay. In addition, his comedy levels of literacy (“Bussiness”, “thier”,”treasurary” “conserative”) must have impressed whoever collates these e petitions at government level. We’re thinking of starting our own e petition to improve the evident poor standards of literacy in Southampton schools and suggesting that a foundation be set up – “The Derek Zoolander & Tony Seaton Center For Children Who Can't Read Good And Wanna Learn To Do Other Stuff Good Too”

Stuff you Mate... I am a diagnosed dyslexic. I was not educated in Southampton; however I am not a toy shop employee,

I am a half millionaire and probably richer than any of your "potential buyers" sniffing round the shell of PFC.

I agree I have literacy problems. It is not an education problem. But at least I am solvent.

Edited by tony13579
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stevegrant

stevegrant

Posted
Posted
According to a member on Pompey fans online we should hang our heads in shame for the attendance yesterday.

 

Kids for a quid, cheap Sun tickets, 600 free tickets and still can't fill half of St. Mary's according to him.

 

:rolleyes:

 

:lol:

:lol:

 

We're one of the few clubs who refused to get involved with the Sun deal, rightly or wrongly.

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spyinthesky

spyinthesky

Posted
Posted
Ho Ho Ho...that's rather strange what you say about no money for Marc Wilson....

 

As most reports at the time of the transfer indicate that Poopey got money plus Kitson and Lawrence.....

 

Yeah - great deal - so you sold a player for cash who was probably on less than £10k per week, but then brought in two players for £20k per week.

 

Great business - running a football club the Pompey way......and you wonder why you're in the sh1t?

 

A very relevant point

 

Marc Wilson would probably have played regularly for Pompey

Lawrence has done OK when he's not injured but Kitson seems to have been somewhat of a failure.

All this for an annual increase in the wage bill of approx £1.5m x 3 years? and a bit of Agents commission

As you say..'Great Business'

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Channon's Sideburns

Channon's Sideburns

Posted
Posted
A very relevant point

 

Marc Wilson would probably have played regularly for Pompey

Lawrence has done OK when he's not injured but Kitson seems to have been somewhat of a failure.

All this for an annual increase in the wage bill of approx £1.5m x 3 years? and a bit of Agents commission

As you say..'Great Business'

 

And to think Ho thinks 'We don't get it'....

 

Truth of the matter (and this will be hard for the phew to swallow) is that their man Lampitt sanctioned that deal. So, a prime example of how the ownership, FAPPT is all a sh1tty smokescreen for the truth - which is that Pompey have been RUN...not OWNED by some poor businessmen.

'Quality over Quantity' - there's your title for the Pompey Takeover Saga book - right there. Sums it all up..

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Frank's cousin

Frank's cousin

Posted
Posted

So Corps.... you have spent a vast amount of time trying the challenge everythjing that is said... but where is your opinion? Come on given EVERYTHING you say you know, given teh fact that there can be NO doubt that the way teh finances have been run HAS given you several periods in which you have had competitive advantage despite no solid plan in place for long term servicing of that expenditure, have done this several times in the last few years, still have huge debts CVA. new debts etc... no we have seen you try and blame everyone but teh club, and say its all the owners fault so its all the FAs fault, balah blah... when whoever's 'fault it is is actually irrelevent IF as has been the case with pompey, that 'fault' sees players on the pitch that without the 'fault' would not be there... call that what you like.... so with all this knowledge, what do you want to see happen now... surely it should be a pheonix as its the ONLY to be completely rid of these dastardly owners who have screwed you so badly, (but importantly allowed you to carry on playing experienced and expensive pros rather than kids)... surely anything else would be acknowledging that you are happy to 'blame' teh dodgy ownetrs, whilst accepting 'friuits' of their leadership? You cant ahve it both ways - and that is teh problem with most of your fans - you are now all as one saying the owners are at fault and very bad people, yet dont seem to be prepared to accept that with out them, with someone ethical and serious, you would have been relegated along tiem ago... as sales and playing kids in an effort to reduce debt IS the only logical, ethical and moral way to go....

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dubai_phil

dubai_phil

Posted
Posted

Not wishing to pick any holes in any arguments

 

Interesting that Chinny is supposed to have put in 17mil and is still owed 17mil, or maybe he didn't put in 17mil and is still owed 17mil

 

Misses out one minor fact to help it run true.

 

He was lending his money at a reported 10% to 20% interest.

 

How long has he been around now? I get confused with so many owners, and yet his amount hasn't changed in all that time.

 

Jeez wish Credit Card companies worked out their interest charges the same way eh gang?

 

Either he's been getting paid all the time when others aren't or someone's making up the facts about his debt

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holepuncture

holepuncture

Posted
Posted
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!

 

It is almost becoming our lives work, an outstanding achievement, fighting for our country and Her Majestys Revenue and Customs.

 

Granted, it is a monster and difficult to keep up, but everyone is motivated, hard working and together as one, pulling in the right direction to get the result we need.

 

Once the dust has settled and AFC Skate is settled into Moneyfields and the Wessex league, we can get on with our lives proud of what this thread has done to help the peoples republic of portsea - they are deluded and we have exposed what they are incapable of exposing.

 

Its another magical week ahead where we get to see what the various factions have up their sleeves.

 

Penny is blowing hot air, what can she spin the phew this week?

 

Chinny is landing into the UK to sort himself out, although AA dosent have a clue why hes coming

 

Its all happening on Lampitts watch, will he abandon ship before he loses his house?

 

Will AA stick them in administration on Friday, and how will they fund another HMRC stitch up?

 

Has the Poopey trust managed to raise the required £32m at the sunday boot sale to take on the multimillion liability?

 

Has the blackpool conga made everything ok now?

 

 

 

Its going to be great, and I wonder if Chinny will be busting out the big guns and bringing back a few of our old favourites?

 

46506444_jacob_512.jpg

 

Portsmout+FC+Will+Wait+Until+Next+Week+Learn+MggmBCC4gVGl.jpg

 

Come to think of it, old Azougy the skate consultant looks similar to underwater magnate Cala!

 

polls_Spongebob_Squarepants_27_Mr_Crabs_4342_185498_answer_1_xlarge.jpeg

 

 

 

Massive week for poopey, cant wait. PMSL

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suewhistle

suewhistle

Posted
Posted
Well you could be right but Lampitt could put the club in Admin if he can demonstarte that he has funds to sustain the club, so your assumption that only Chanrai can initiate Admin is incorrect.

 

"If he can demonstrate that he has funds" -er.. yes. But he can't. The absence of funds seems to be the singular aspect of Pompey's situation at the moment, wouldn't you say?

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Window Cleaner

Window Cleaner

Posted
Posted
‘Given the tools, the right squad and a level playing field, I would back myself to get us out of this division – or at the absolute minimum, get in the play-offs

 

Yeah, I think I'd back the skates to be out of the championship if the playing field were levelled too...

 

Shouldn't be too hard, there are a lot of right tools at Pompey.

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RedWillie

RedWillie

Posted
Posted

Definately wasn't kids for a quid.

Only in the family centre can kids go free IF UNDER 11 years old and accompanied by a full paying adult as per every match. It was £25 for me and my 10 year old.

:lol:

 

We're one of the few clubs who refused to get involved with the Sun deal, rightly or wrongly.

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trousers

trousers

Posted
Posted

 

It would seem the Pompey faithful are getting rattled by their local newspaper printing the truth....and as intellectual as ever....

 

14

TaskForce

 

Monday, February 13, 2012 at 11:46 AM

 

Neil Allen. How about writing that your beloved scum owe 26m to the deceased owners family, 7m in debt according to companies house and also owe HMRC bet you would never dream to write a story about these debts "WOULD YOU".

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trousers

trousers

Posted
Posted

 

6

The Bean Counter

 

Monday, February 13, 2012 at 11:29 AM

 

Don't pay them - if we go into administration, they won't be classed as a football creditor as they're based overseas, meaning we would therefore potentially only pay them 20%. Oh, and how can we pay a bill with frozen bank accounts?

 

:facepalm:

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trousers

trousers

Posted
Posted

 

It's nothing to do with us Guv....this is all OldCo stuff....

 

5

carisbrooke

 

Monday, February 13, 2012 at 11:23 AM

 

Who would like to bet that all of these agreements relate to before the first administration and the CVA, they have no relevance to the present situation whatsoever and I'm afraid all of the clubs mentioned are going to have to write it off to experience. They have no claim.

 

:facepalm:

 

Does this logic mean the current Portsmouth Football Club have no claim to previous "triumphs"? Or would that be too consistent and un-hypocritical?

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