Rebel Posted 13 February, 2012 Share Posted 13 February, 2012 La la la la .....who laughing now! Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 (edited) The Pompey Pages@Pompey_Pages According to @mike_gee38, fire marshals have agreed to work for free during tomorrow night's clash at Fratton Park. Well done lads! #pompey Jamie Richardson@jezatron @PennyMordauntMP[/url] we MUST stop Andronikou / UHY being appointed as administrators. chanrai is bleeding us dry again #pompey Edited 13 February, 2012 by trousers Link to comment Share on other sites More sharing options...
hypochondriac Posted 13 February, 2012 Share Posted 13 February, 2012 La la la la .....who laughing now! Them probably. They will stay up with a paltry minis ten deduction. Technically they are doing things legitimately, but as always with the skates, it goes against the spirit of the law completely. They will be allowed to enter admin on Friday, stave off the WUP and massively reduce their debts AGAIN. AA will laugh at the revenue and fool them once more and will then be free to sell back to Chinny where they have another chance to be sold to someone who may be slightly less dodgy than CSI were. This admin is bad news for us if they are given just the ten as it makes them massively more attractive and improves their chances of starting next season on a level playing field in the npc and possibly with a new owner prepared to sped their way to success and keep their existing players. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Andrew Dobbs@Andypompeyfan @pn_neil_allen boards crass decision to keep UHY? Neil Allen@pn_neil_allen @Andypompeyfan @gar78 Ultimately secured creditor ie Chainrai has final say. However, creditors can lodge a protest against the appointment Link to comment Share on other sites More sharing options...
Micky Posted 13 February, 2012 Share Posted 13 February, 2012 So, current debts somewhere in the region of £50 million. Only two years after declaring debts of £72 million which later transpired to be nearer £120 million. And what happened to the independant auditors forensic report into their last administration? What a 'kin mess. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Alan @todorov15042003 @pn_neil_allen COULD WE LOSE MORE THAN 10 POINTS ? Neil Allen@pn_neil_allen @todorov15042003 Lampitt is adamant it will be 10pts and these will be deducted before Friday. Link to comment Share on other sites More sharing options...
Rebel Posted 13 February, 2012 Share Posted 13 February, 2012 Them probably. They will stay up with a paltry minis ten deduction. Technically they are doing things legitimately, but as always with the skates, it goes against the spirit of the law completely. They will be allowed to enter admin on Friday, stave off the WUP and massively reduce their debts AGAIN. AA will laugh at the revenue and fool them once more and will then be free to sell back to Chinny where they have another chance to be sold to someone who may be slightly less dodgy than CSI were. This admin is bad news for us if they are given just the ten as it makes them massively more attractive and improves their chances of starting next season on a level playing field in the npc and possibly with a new owner prepared to sped their way to success and keep their existing players. Your probably right - but lets enjoy the possibilities for now! Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 sam beesley@sbeesleypfc @pn_neil_allen would admin be good for club? Neil Allen@pn_neil_allen @sbeesleypfc It would halt winding up order. Chainrai still has his grip though. Ultimately small creditors lose out. Again. Link to comment Share on other sites More sharing options...
pfc123 Posted 13 February, 2012 Share Posted 13 February, 2012 He has to add that really. I don't think he knows everything that's gone on there, but I doubt he's overlooked the fact they continued to spend and pay big wages. No doubt he's a PFC fan, but I don't think he felt the same after the way they treated him years ago. The support thing is so odd though. I understand it when in the top flight first season, because EVERY newly promoted side in their first ever Premier league campaign gets this amazing support label. Simply because they're happy to be there, often have retro dodgy grounds, cheer when losing due to no expectation, and have novelty value - Pompey, Bradford, Blackpool, Reading, Swansea and many others. It won't be the same for us, because when we go up it'll be a return to normality, not novelty. The media will go with 'nice to have saints back' etc., and clips of MLT no doubt, rather than little southampton in their first ever top flight season. But before their promotion, I recall 15 years or more of Portsmouth fans moaning on phone ins, fed up with relegation battles, rubbish football and low attendances. After relegation, poor attendances, even in the latter top flight games, especially away, awful attendances. Now I hate attendance debates, they're embarrassing whatever side you're on, but it only comes up because of this bizarre 'great support' label. Seems that if a club keeps telling everyone that, some will start to believe it, even if all evidence points in the opposite direction. I will start to accept some 'great support' if 10,000+ turn up for AFC Pompey's first game. It's funny that all these thicko know-nothing media types keep on saying how fantastic our fans are. Why would they do that? Why do other teams fans also say things like that? It's all just one big conspiracy isn't it? Everyones been fooled, haven't they? Oh yes, for sure Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Ashley Brown@ashcb91 @pn_neil_allen what are the chances of us not being docked points Neil Allen@pn_neil_allen@ashcb91 None. The lodging of administration order warrants 10 point deduction. Link to comment Share on other sites More sharing options...
Saint-scooby Posted 13 February, 2012 Share Posted 13 February, 2012 we MUST stop Andronikou / UHY being appointed as administrators. chanrai is bleeding us dry again #pompey No sh1t sherlock !! Link to comment Share on other sites More sharing options...
hypochondriac Posted 13 February, 2012 Share Posted 13 February, 2012 Your probably right - but lets enjoy the possibilities for now! Enjoying the possibilities just makes it more depressing when the inevitable happens. Learn from experience! My disappointment started the minute they were let off the hook in court the first time and they have taken the p*ss ever since. I will be slightly more happy if they get relegated this season. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Sarah Woodsford@PompeyTiLiDie @pn_neil_allen are things better or worse than the last time? Neil Allen@pn_neil_allen@PompeyTiLiDie Far far worse. Club struggled to get permission to go into admin last time. Plus seen as repeat offenders. Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 13 February, 2012 Share Posted 13 February, 2012 Right got to the last post for today........only taken nearly 3 f*cking hours, sad isnt it but f*ckin funny Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Necramata@necramata Please God do not tell us Andronikou is the preferred administrator from UYH. Neil Allen@pn_neil_allen@necramata I would love to, but I can't! He is the preferred choice! Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Josh Boothroyd@JoshBoothroyd@WillHShort Wrong people punished, -10 hurts the fans, the players, and the staff... @pn_neil_allen do you agree? Neil Allen@pn_neil_allen@JoshBoothroyd @WillHShort Small creditors too. Chainrai never loses out as secured creditor. Link to comment Share on other sites More sharing options...
hypochondriac Posted 13 February, 2012 Share Posted 13 February, 2012 Sarah Woodsford@PompeyTiLiDie @pn_neil_allen are things better or worse than the last time? Neil Allen@pn_neil_allen@PompeyTiLiDie Far far worse. Club struggled to get permission to go into admin last time. Plus seen as repeat offenders. Don't even discuss it. The club will get permission, absolutely no doubt about it. The judge wouldn't have the balls to deny them and the league simply won't let a club go pop in the middle of the season. Link to comment Share on other sites More sharing options...
Chin Strain Posted 13 February, 2012 Share Posted 13 February, 2012 It's funny that all these thicko know-nothing media types keep on saying how fantastic our fans are. Why would they do that? Why do other teams fans also say things like that? It's all just one big conspiracy isn't it? Everyones been fooled, haven't they? Oh yes, for sure Maybe they can't count:spaz: Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 James holmam@jamestholman91 @pn_neil_allen why havent we been allowed to unfreeze our account before going into admin? Neil Allen@pn_neil_allen @jamestholman91 Need a validation order. That has not been applied for yet as problems justifying it with a business plan going forwards. Link to comment Share on other sites More sharing options...
pfc123 Posted 13 February, 2012 Share Posted 13 February, 2012 he's from the Southampton side of Titchfield I tell the. Not bad lad. True and not true. Lives in Titchfield now, brought up in Copnor. Oh, and here's a direct quote from Jake Humphrey after the game had finished against you lot at FP- "....and if there was any doubt as to which team Steve Claridge supports, when Joel Ward scored the equaliser Steve nearly went through the window here in the box....." Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Shane Lawrence@lawro77 @pn_neil_allen how will administration be funded? Who by? Neil Allen@pn_neil_allen @lawro77 Needs to be discussed on Friday in hearing. BC promised to fund it last time - but never did. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Josh Boothroyd@JoshBoothroyd @pn_neil_allen Can you see us getting out of this mess fairly unscathed? Neil Allen@pn_neil_allen @JoshBoothroyd Nobody gets out if it unscathed. Staff owed wages and small creditors lose out big time. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 PST Spokesperson@pompeytrust @pn_neil_allen Is Lampitt expecting to lose his job Friday? Neil Allen@pn_neil_allen @pompeytrust Once admin granted CEO usually first to lose their job. Realistically he will go. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Rob Williams@boggenstrovia @pn_neil_allen Would be in the club's interests to take the 10 points and restart in League 1 next season? Clean slate and all that? Neil Allen@pn_neil_allen @boggenstrovia There can never be a clean slate while Chainrai and his debenture is around. Link to comment Share on other sites More sharing options...
hypochondriac Posted 13 February, 2012 Share Posted 13 February, 2012 Josh Boothroyd@JoshBoothroyd @pn_neil_allen Can you see us getting out of this mess fairly unscathed? Neil Allen@pn_neil_allen @JoshBoothroyd Nobody gets out if it unscathed. Staff owed wages and small creditors lose out big time. But the club won't be affected particularly so the answer is they will get out of it pretty much unpunished. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Aaron Young@aaz_ @pn_neil_allen Will BC be only secured creditor going into admin? I.e. if BC has FP, & SG land: what can CSI 'secure' to muddy things?(!) Neil Allen@pn_neil_allen @aaz_ BC only secured creditor. Link to comment Share on other sites More sharing options...
benjii Posted 13 February, 2012 Share Posted 13 February, 2012 It's funny that all these thicko know-nothing media types keep on saying how fantastic our fans are. Why would they do that? Why do other teams fans also say things like that? It's all just one big conspiracy isn't it? Everyones been fooled, haven't they? Oh yes, for sure It is bloody weird. TCWTB is the only excuse I can think of. Objectively, there is no other explanation. After all, other clubs with much better support have suffered far more than any bleating Skate has. It is odd indeed. It's not as though football pundits are strangers to the banal, largely meaningless cliche though is it? Maybe it is axiomatic that if you repeat a mantra often enough around footy people they will just go with it. Anyway, you enjoy holding on to your little myth. It really is all you have. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Page 1066.....hmmm.....gotta be some historic battle play-on-words opportunity to be had here.... Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Chris Gibbs@ChrisGibbs81 @pn_neil_allen if the court delays the granting of Administration beyond next Monday, could the club be liquidated still next week? Neil Allen@pn_neil_allen @ChrisGibbs81 Possible. Admin would halt winding up process. Race against time again I'm afraid. Link to comment Share on other sites More sharing options...
Micky Posted 13 February, 2012 Share Posted 13 February, 2012 (edited) It's funny that all these thicko know-nothing media types keep on saying how fantastic our fans are. Why would they do that? Why do other teams fans also say things like that? It's all just one big conspiracy isn't it? Everyones been fooled, haven't they? Oh yes, for sure I'll tell you why - because they have a vested interest to say it. They are still 'in the business' - all these media types, they make money from 'they business' and therefore they will do nothing to really rock the boat. They are also quite clever as well - you see, they know that the fans pay much of their wages. They also know that if they alienate the fans then it makes their life harder. They will blow smoke up your arse until it come out of your ears - it suits them to do so. Football may be big business - but without the fans it is nothing. Kenny Dalglish issued a statement apologising for his behaviour, as did Suarez - do you think they did that voluntarily? Or perhaps, somebody in the club (Ian Ayre) realised that the situation was getting out of hand and it was bringing an awful lot of bad press Liverpools way - and as a result they were told to apologise. I know which one I would bet on. People in football know when to humour the fans. So yeah - they'll blow smoke up your ass, but it's not what they are thinking. You are an embarrasment to the FL, but they won't tell you that to your face - they will hope that you get yet another dodgy owner who will continue to put money in their coffers and thus allowing you to play in their league. Don't kid yourself, 1200 fans in fancy dress, wombling around Blackpool on a cold Monday night probably did nothing more than fill 30 seconds of Sky and BBC coverage. So yeah - people have been fooled - but I'm not sure that it is the people that you think it is. Good luck on your next administration. Edited 13 February, 2012 by Micky Link to comment Share on other sites More sharing options...
Micky Posted 13 February, 2012 Share Posted 13 February, 2012 True and not true. Lives in Titchfield now, brought up in Copnor. Oh, and here's a direct quote from Jake Humphrey after the game had finished against you lot at FP- "....and if there was any doubt as to which team Steve Claridge supports, when Joel Ward scored the equaliser Steve nearly went through the window here in the box....." Old news, we heard it on the night - whoooppeeee doooo, Steve (who many Saints fans still have time for and respect as a summariser) supports PFC. Absolutely gutted - I wont get over that one. Link to comment Share on other sites More sharing options...
Appy Posted 13 February, 2012 Share Posted 13 February, 2012 True and not true. Lives in Titchfield now, brought up in Copnor. Oh, and here's a direct quote from Jake Humphrey after the game had finished against you lot at FP- "....and if there was any doubt as to which team Steve Claridge supports, when Joel Ward scored the equaliser Steve nearly went through the window here in the box....." To be fair i don't think there has ever been a doubt he supported you lot. Just a strange myth that he is biased against us, which he isn't, talks a great deal of sense about us. Link to comment Share on other sites More sharing options...
saint si Posted 13 February, 2012 Share Posted 13 February, 2012 Some interesting tweets there Trousers. Not funding previous admin as promised will might make a difference to the court's view of admin... but then who paid UHY for their services last time? And if they weren't paid, then why are they back for more. To cram in another couple of posts... There is no doubt they will be docked [at least] 10 points now. It is an absolute under the FL's rules, with no room to manoeuvre. Whereas previously the parent company had suffered an Insolvency Event, now the club itself has suffered such an event. From the FL's rules: 'Insolvency Event' refers to any one of the following: (b ) the lodging of a Notice of Intention to Appoint an Administrator [...] The language in the FL's rules is much much stronger in this case. Parent company insolvency event allows the FL to deduct points, whereas for club insolvency event itself, it is a mandatory deduction. 12.3.1 If any Club becomes subject to or suffers an Insolvency Event, that Club shall be deducted 10 points. The CEO has admitted on radio that they have lodged the notice of intent. So therefore the FL MUST now deduct 10 points. Any further points deduction will hinge on whether the FL wants extra blood for going in to admin twice in 2 years, and also what happens regarding the old CVA, and if the FL perceives them to have failed to comply with its terms. No I am talking about the new CVA for this administration, of which UHY hacker and android are the admins........... it just so happens that UHY hacker own CSI and the CSI admin..... is android. So if he says 0.5p in the pound, that's what it will be as % of debt is over 75%. However, the lower price he accepts, the less his firm get. Surely there is a huge conflict of interest here, which would give HMRC (or any other party) pretty strong grounds for legal challenge to the CVA. AA will absolutely be looking to put one particular creditor's interests above the others (indeed, in acting as administrator for CSI, that's his job!). Representing both parties in a negotiation surely is not permitted in ANY form of business? Link to comment Share on other sites More sharing options...
hypochondriac Posted 13 February, 2012 Share Posted 13 February, 2012 Why on Earth would anyone care who Claridge supports? Everyone knows he is a skate. Link to comment Share on other sites More sharing options...
trousers Posted 13 February, 2012 Share Posted 13 February, 2012 Surely there is a huge conflict of interest here, which would give HMRC (or any other party) pretty strong grounds for legal challenge to the CVA. AA will absolutely be looking to put one particular creditor's interests above the others (indeed, in acting as administrator for CSI, that's his job!). Representing both parties in a negotiation surely is not permitted in ANY form of business? You know that. I know that. My mum's pet s h i t z u knows that.....but....as we all know, any apparent wrong doing in the make believe world of PompeyLand gets glossed over by the powers that be....allegedly.... Link to comment Share on other sites More sharing options...
RonManager Posted 14 February, 2012 Share Posted 14 February, 2012 It's funny that all these thicko know-nothing media types keep on saying how fantastic our fans are. Why would they do that? Why do other teams fans also say things like that? It's all just one big conspiracy isn't it? Everyones been fooled, haven't they? Oh yes, for sure Weirdly though, and somewhat perversely imho, in recent times your fans seem to be have become more and more obsessed with your perceived reputation as 'uberfans' than you are in actually supporting your club by going to matches. All fans love their clubs, and to make spurious claims that yours are in some ways 'better' than any other club's supporters is disrespectful and unsporting. Link to comment Share on other sites More sharing options...
warsash saint Posted 14 February, 2012 Share Posted 14 February, 2012 It's funny that all these thicko know-nothing media types keep on saying how fantastic our fans are. Why would they do that? Why do other teams fans also say things like that? It's all just one big conspiracy isn't it? Everyones been fooled, haven't they? Oh yes, for sure The whole football world loves a conga !! Link to comment Share on other sites More sharing options...
warsash saint Posted 14 February, 2012 Share Posted 14 February, 2012 True and not true. Lives in Titchfield now, brought up in Copnor. Oh, and here's a direct quote from Jake Humphrey after the game had finished against you lot at FP- "....and if there was any doubt as to which team Steve Claridge supports, when Joel Ward scored the equaliser Steve nearly went through the window here in the box....." & in even more shocking news, it turns out the Pope is Catholic !! Link to comment Share on other sites More sharing options...
Dark Munster Posted 14 February, 2012 Share Posted 14 February, 2012 i do hope our season is all done and dusted before the coventry home game, we can help out the blues and give them some help to aviod relegation with a top performance. Link to comment Share on other sites More sharing options...
pfc123 Posted 14 February, 2012 Share Posted 14 February, 2012 Weirdly though, and somewhat perversely imho, in recent times your fans seem to be have become more and more obsessed with your perceived reputation as 'uberfans' than you are in actually supporting your club by going to matches. All fans love their clubs, and to make spurious claims that yours are in some ways 'better' than any other club's supporters is disrespectful and unsporting. Agreed, so it's just as well we don't have to make those claims ourselves- everyone else apart from you lot says it for us, without prompting, and with genuine affection and respect too in most cases. It's good to know that there are so many people out there rooting for us Link to comment Share on other sites More sharing options...
pfc123 Posted 14 February, 2012 Share Posted 14 February, 2012 I'll tell you why - because they have a vested interest to say it. They are still 'in the business' - all these media types, they make money from 'they business' and therefore they will do nothing to really rock the boat. They are also quite clever as well - you see, they know that the fans pay much of their wages. They also know that if they alienate the fans then it makes their life harder. They will blow smoke up your arse until it come out of your ears - it suits them to do so. Football may be big business - but without the fans it is nothing. Kenny Dalglish issued a statement apologising for his behaviour, as did Suarez - do you think they did that voluntarily? Or perhaps, somebody in the club (Ian Ayre) realised that the situation was getting out of hand and it was bringing an awful lot of bad press Liverpools way - and as a result they were told to apologise. I know which one I would bet on. People in football know when to humour the fans. So yeah - they'll blow smoke up your ass, but it's not what they are thinking. You are an embarrasment to the FL, but they won't tell you that to your face - they will hope that you get yet another dodgy owner who will continue to put money in their coffers and thus allowing you to play in their league. Don't kid yourself, 1200 fans in fancy dress, wombling around Blackpool on a cold Monday night probably did nothing more than fill 30 seconds of Sky and BBC coverage. So yeah - people have been fooled - but I'm not sure that it is the people that you think it is. Good luck on your next administration. Mmmmm, feel the resentment and bitterness.... Link to comment Share on other sites More sharing options...
Pugwash Posted 14 February, 2012 Share Posted 14 February, 2012 I presume he is now fully au-fait with the situation and is informing other Burnley fans? Oh yes. There's already a couple of threads on Clarets Mad. Of course they went down at the same time, and they are somewhat miffed that they've been living within their means, while the cheats keep pulling down extra money. Link to comment Share on other sites More sharing options...
Micky Posted 14 February, 2012 Share Posted 14 February, 2012 Mmmmm, feel the resentment and bitterness.... Not bitter at all mate. What have I got to be bitter about. I've told you hundreds of times before - you are much better than us. Your cup and league record shows it - you are a true south coast giant - your fan base shows it. I have no bitterness or resentment towards you either way - I accept - you are much much better than us. I do feel sorry for you - but bitterness and resentment - no. Have a good season, good luck with the administration again. Link to comment Share on other sites More sharing options...
SaintBobby Posted 14 February, 2012 Share Posted 14 February, 2012 It's wonderful stuff. I do think the end is nigh for them now. They may limp on for a few more weeks, but it is very difficult to see how they can survive beyond that. It seems they might even struggle to sell out Fratton Park tomorrow night - that's astonishingly poor levels of support. It'd be fantastic news for Saints in the long-term, of course, for Portsmouth to disappear (or re-emerge in the Isthmian League or something). Present Skate fans are unlikely to come over to Saints, but give it a few years and "neutrals" will drift towards us and youngsters in the Pompey catchment area will start to support Southampton. Almost whatever happens is going to be fun. But liquidation is still my hope. Not so much because it's Pompey (although the footage of crying Skates will be f***ing hilarious) but to serve as a major wake-up call to English football. It's just delicious :-) Link to comment Share on other sites More sharing options...
K,Billy's supersound Posted 14 February, 2012 Share Posted 14 February, 2012 :hunt:http://www.fansonline.net/portsmouth/mb/view.php?id=409233 super support grrrrrrr Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 14 February, 2012 Share Posted 14 February, 2012 :hunt:http://www.fansonline.net/portsmouth/mb/view.php?id=409233 super support grrrrrrr Makes me smile when I think that over here we have one team who play in the Aussie league and they get more support than pimpey. Bearing in mind that NZ is Rugby mad, followed by Cricket, Sailing and then homegrown Football. They do like watching the PL. Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 14 February, 2012 Share Posted 14 February, 2012 A league attandances 2011/12 bearing in mind that soccer is probably 5th in popularity behind AFL (aussie rules) NRL (rugby league) Rugby Union, Cricket, soccer, basketball Soccer http://www.ultimatealeague.com/records.php?type=att AFL http://www.footywire.com/afl/footy/attendances Link to comment Share on other sites More sharing options...
St Jim Posted 14 February, 2012 Share Posted 14 February, 2012 News of PFC has hit Australia with the monies owing to the Western Aussie clubs, however all my colleagues (some who have been in the football industry and may well have played against persons involved in those WA clubs), used to think I was just bitter because the rival team won the FA Cup and that given our recent plight we should be sympathetic (the quote from one of them was "Throwing stones in glass houses James…just remember where your club was at a few seasons back"). I did however think it was my duty to inform the misinformed of the differences between the two (touching nicely on: Our cutting our squad back and playing youth, PFC's buying more players on large wages and releasing their youth; Our paying all taxes, local business and charities, PFC's disregard for monies owed to HMRC, local business & charities; Our paying all debts in full, PFC/AA fiddling their figures to ensure the CVA was voted in and still not yet paying anything of the CVA, to chariteis and local buisinesses. Their comments were "fair point ", "they're f****d then", "sounds like they deserve everything they have coming to them", "roll on Monday". Job done for the day! Link to comment Share on other sites More sharing options...
hutch Posted 14 February, 2012 Share Posted 14 February, 2012 Oh and the CSI debt means that android can get a CVA through at whatever value he wants That's not how I see it. The debt to CSI, quoted as £10m, even if it is unsecured as stated, is to a "connected Party" in a second CVA ballot. And in the first CVA, now that all the football creditors have been paid, HMRC are the largest creditor, and will have some say in how Baker Tilley vote on their behalf. (My only uncertainty here is whether the football creditors were paid 100% in full from the PP's last time, or whether they were paid the 80% shortfall and have to wait in line for the other 20%. My gut feel is that they were paid 100%, but I could be wrong) Q ) If the existing CVA counts in full value in the unsecured creditor assessment, can Baker Tilley not simply block any new CVA ? A ) Yes So, if they fail to make the CVA payment in April, the Supervisor, Baker Tilly, have the option of forcing liquidation. None of the insolvency sites I have looked at describe a situation where a company goes into administration with an existing CVA. A statement of affairs will have to be presented to the court on Friday, I can't wait. I'm a big fan of fiction. 1. The payment due to Baker Tilley in April is not a CVA payment. 2. PFC (2010) Ltd. does not have an existing CVA. 3. Me too. Several things strike me about the situation this time round: The news was leaked in advance by Kubik that they are "preparing an application to go into administration". That's unusual and I think significant. UHY have stuck Lampitt in the firing line via the back door. Reading Kubik's quotes, I don't think he's confident they will succeed on Friday. And if they do, he expects more than 10 points. This would be their second admin in less than 2 years, and that's unprecedented (26 Feb 2010 last time). And £2m cash in the bank. As I see it, if they are liquidated now and there is no Validation Order in the meantime that cash will go straight to Chainrai as the primary debenture holder. £2m cash in his pocket AND Fratton Park might be the best offer he'll ever get. If they go into admin, that cash will be swallowed up, and more will be needed. £2m is not nearly enough. If they succeed in entering admin on Friday against the odds, it will be a very temporary reprieve. Without a rich new owner or yet another substantial advance from the PP's, I can't see how the new administrator, whoever he turns out to be, can get past the payment due to Baker Tilley in April. But the biggest difference between last time and this is that last time they had a plan, a very good one, and worked through it step by step. This time they are winging it. They are flying by the seat of their pants, and any outcome is possible. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 14 February, 2012 Share Posted 14 February, 2012 True and not true. Lives in Titchfield now, brought up in Copnor. Oh, and here's a direct quote from Jake Humphrey after the game had finished against you lot at FP- "....and if there was any doubt as to which team Steve Claridge supports, when Joel Ward scored the equaliser Steve nearly went through the window here in the box....." When you 'go pop', I'd imagine quite a few of you going through the window, there will be fins flapping everywhere! Link to comment Share on other sites More sharing options...
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