trousers Posted 17 February, 2012 Share Posted 17 February, 2012 It's a disgrace if AA is appointed. But quite funny all the same.... Link to comment Share on other sites More sharing options...
rallyboy Posted 17 February, 2012 Share Posted 17 February, 2012 that was a speedy decision by the judge.... Could it perhaps be 'tell you what Mr Andronikou, I think the business is insolvent, you tell me otherwise, I can't be arsed to argue it here, so let's just send someone else in to have a look and they can decide'. With utilities cut off and the company unable to raise £400 for a scan, I can't see that this is a glorious victory for the club today. As for the feeble, 'we were in a different league' argument, please, do yourself a favour and retain some dignity. Re the squad, if any 'free' loan players do arrive with the costs (travel, hotel, food etc) involved, surely pompey will be the first company in UK history to take on new staff as part of a cost-cutting exercise. You are in administration you t0ssers, forget loans, forget ref's decisions or whether it was a corner or a goal kick, the Barnsley game is totally irrelevent, you are trying to save the business, so for fecks sake stop talking about new players!!! Nice to see the old dear on the scooter again, she looks like she's doing alright. I reckon she'll get a few more outings yet. Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 17 February, 2012 Share Posted 17 February, 2012 And the winner is.......................................... Link to comment Share on other sites More sharing options...
hypochondriac Posted 17 February, 2012 Share Posted 17 February, 2012 The different league argument is sort of like our different companies argument when we went into admin. Technically it is correct but should ultimately make no difference at all. Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 17 February, 2012 Share Posted 17 February, 2012 Expected to make a decision on the administrator in 30 mins.... 1 hour later & we're still waiting. Some furious pleading going on by one side maybe? Question is, which side? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 17 February, 2012 Share Posted 17 February, 2012 @ollybirchpfc Reply Retweet Favorite · Open Judge questioning why it has taken so long for Pompey to go into admin when we've had no money ollybirchpfc Reply Retweet Favorite · Open Pompey and judge discussing conflict of interest Link to comment Share on other sites More sharing options...
andysstuff Posted 17 February, 2012 Share Posted 17 February, 2012 why just cut the cva to 10p why not 1p or 0.5p? Link to comment Share on other sites More sharing options...
trousers Posted 17 February, 2012 Share Posted 17 February, 2012 Olly Birch @ollybirchpfc Pompey and judge discussing conflict of interest Link to comment Share on other sites More sharing options...
Crouchie's Lawyer Posted 17 February, 2012 Share Posted 17 February, 2012 It's beggars belief if some fool takes that 'BS' bribe of £500k for AA to be appointed administrator. It goes to show what a mockery these Poopey owners think of the UK business market. To me and more than likely everyone else, it looks like a bribe. Knowing full well AA is a puppet of his and without AA at the helm sorting him out he wont get what he wants from the Admin. Crooks, the lot of them. Throw the fecking book at them and let them rot, this way it will send out a clear message to any dodgy investors looking to make a quick buck by pillaging a football team because it is seemingly an easy target with the FL's fit and propper persons test being a joke. Link to comment Share on other sites More sharing options...
hypochondriac Posted 17 February, 2012 Share Posted 17 February, 2012 @ollybirchpfc Reply Retweet Favorite · Open Judge questioning why it has taken so long for Pompey to go into admin when we've had no money That's what I thought too. My theory is that by surviving the January window not in admin, they were able to hold onto the players they couldn't pay. If they get a ten point deduction, this gives them the best chance of staying in the division. Cheats. ollybirchpfc Reply Retweet Favorite · Open Pompey and judge discussing conflict of interest There is a clear conflict of interest. If Aa is administrator then it is ridiculous really. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 17 February, 2012 Share Posted 17 February, 2012 And much as expected, Shysters FC are still in business and it's a total shambles. A true Carry On situation Link to comment Share on other sites More sharing options...
Um Bongo Posted 17 February, 2012 Share Posted 17 February, 2012 Haha got onto the BBC sports page Paul on Twitter with a blunt reaction to news of Portsmouth going into administration: "Needs to be more than -10 points deduction for Pompey. They will never learn otherwise. Harsh on fans but that's football." Link to comment Share on other sites More sharing options...
Hockey_saint Posted 17 February, 2012 Share Posted 17 February, 2012 I love this from Taskforce in the news: "Can't we get the administrator scummers had he managed to find a good owner for them" - except it wasn't for the want of trying that he didn't manage to get us a potless no hoper. Link to comment Share on other sites More sharing options...
Thedelldays Posted 17 February, 2012 Share Posted 17 February, 2012 who was our administrator...? mark fry...? again, we got lucky really..I remember him being pretty open and honest about everything Link to comment Share on other sites More sharing options...
hypochondriac Posted 17 February, 2012 Share Posted 17 February, 2012 I love this from Taskforce in the news: "Can't we get the administrator scummers had he managed to find a good owner for them" - except it wasn't for the want of trying that he didn't manage to get us a potless no hoper. We got a good buyer because we represented value for money. Link to comment Share on other sites More sharing options...
hypochondriac Posted 17 February, 2012 Share Posted 17 February, 2012 who was our administrator...? mark fry...? again, we got lucky really..I remember him being pretty open and honest about everything Sort of, but it was a lot more than luck. When you look at our assets and potential, I am surprised we didn't attract more serious interest TBH. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 17 February, 2012 Share Posted 17 February, 2012 If you want some fun, SSN will be interviewing outside Nottarf... Go to firstrowsports.eu if you're not at home... Much LOLage... Link to comment Share on other sites More sharing options...
derry Posted 17 February, 2012 Share Posted 17 February, 2012 I love this from Taskforce in the news: "Can't we get the administrator scummers had he managed to find a good owner for them" - except it wasn't for the want of trying that he didn't manage to get us a potless no hoper. :lol: Link to comment Share on other sites More sharing options...
hutch Posted 17 February, 2012 Share Posted 17 February, 2012 Was it not in the original terms of the CVA? That they can basically change it when needed? You could try reading it, eh, Hypo FWIW it doesn't say anything of the sort. In essence it simply says that new PFC must pay Baker Tilley enough money not later than 4 years & 3 months after new PFC buys the assets from old PFC, to allow Baker Tilley to pay 20p in the £ (less expenses) to the creditors. There is nothing in the CVA to allow that 20p to be changed. I thought it was only the schedule of payment AA could change not the final amount? Nope, he can't do that either. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 17 February, 2012 Share Posted 17 February, 2012 who was our administrator...? mark fry...? again, we got lucky really..I remember him being pretty open and honest about everything Well I never got the final report that was supposed to be sent out to shareholders.Anyone else ever get it ? Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 17 February, 2012 Share Posted 17 February, 2012 http://www.bbc.co.uk/sport/0/football/16943651 Among those creditors are fellow football clubs West Bromwich Albion, Wolverhampton Wanderers and Bristol City, as well as the Football League itself. Portsmouth City Council is owed £78,000. So they owe money to West Brom.... and they want to take Thorne back on loan? Strikes me that he might not have been a 'free' loan last time round, so why would now be any different? Link to comment Share on other sites More sharing options...
Toomer Posted 17 February, 2012 Share Posted 17 February, 2012 What I would like to see happen is, with their squad so thin there is still a chance they might go down with out the -10 points if they do go down make them start in league 1 on -10. If the 10 points need to be taken at the end of the season to send them down then take them, thoughts. Link to comment Share on other sites More sharing options...
Thedelldays Posted 17 February, 2012 Share Posted 17 February, 2012 Sort of, but it was a lot more than luck. When you look at our assets and potential, I am surprised we didn't attract more serious interest TBH. i meant as in the man himself...imagine if we got one the crooks pompey deal with Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 17 February, 2012 Share Posted 17 February, 2012 @ollybirchpfc Reply Retweet Favorite · Open Judge proposing an administrator from each team UHY and PKF Link to comment Share on other sites More sharing options...
Hockey_saint Posted 17 February, 2012 Share Posted 17 February, 2012 We got a good buyer because we represented value for money. As i recall Nicola and Markus were flabbergasted that Michael Fialka and Le Tiss's team got the preferred status over them; which is one of the reasons Le Tiss isn't incredibly popular with Nicola; so one would have to question Fry's motives on that one as he must have known Liebherr had money and that Fialka didn't show signs of it. Link to comment Share on other sites More sharing options...
stevegrant Posted 17 February, 2012 Share Posted 17 February, 2012 @ollybirchpfc Reply Retweet Favorite · Open Judge proposing an administrator from each team UHY and PKF What a great idea, make the cost of administration twice as big Link to comment Share on other sites More sharing options...
derry Posted 17 February, 2012 Share Posted 17 February, 2012 who was our administrator...? mark fry...? again, we got lucky really..I remember him being pretty open and honest about everything He knocked back Markus Leibherr and gave preferred bidder to Mickey Fialka and the borrowed deposit from LC. Really smart there. Mike Osman told me about the rich blue chip Swiss and that the Pinnacle bid had no funds as the original backers had walked before that happened. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 17 February, 2012 Share Posted 17 February, 2012 Olly Birch @ollybirchpfc Reply Retweet Favorite · Open HMRC saying one from each team would increase costs Link to comment Share on other sites More sharing options...
trousers Posted 17 February, 2012 Share Posted 17 February, 2012 Sj Maskell @SjMaskell WTF can't that judge HEAR the story... #Pompey Link to comment Share on other sites More sharing options...
Deano6 Posted 17 February, 2012 Share Posted 17 February, 2012 Just spoke to an insolvency expert friend of mine. It's not legal to change terms of a CVA without getting approval of creditors (so this not legal as HMRC not notified). Also the gas and electricity will need to be turned back on per Section 233 of the Insolvency Act. Just seen judge has proposed joint admin team of PKF and UHY. He's wise that one...like King Solomon! I'd be happy with that outcome, would be a great soap opera. Link to comment Share on other sites More sharing options...
JackanorySFC Posted 17 February, 2012 Share Posted 17 February, 2012 Some skate clown in twitter @samsingletonPFC is claiming our accounts for last year show we borrowed £20m off Leibherr? First I've heard of it. Can anyone set him straight? Link to comment Share on other sites More sharing options...
derry Posted 17 February, 2012 Share Posted 17 February, 2012 What a great idea, make the cost of administration twice as big He's flushing AA out???? Link to comment Share on other sites More sharing options...
Window Cleaner Posted 17 February, 2012 Share Posted 17 February, 2012 Some skate clown in twitter @samsingletonPFC is claiming our accounts for last year show we borrowed £20m off Leibherr? First I've heard of it. Can anyone set him straight? And so we did,there's no mystery.All the money that the late Markus pumped into the club is shown as a shareholder loan in the accounts (those of 2009/10) but this isn't about us, it's about Skate FC. Link to comment Share on other sites More sharing options...
Thedelldays Posted 17 February, 2012 Share Posted 17 February, 2012 Why do skates think saints are in such financial trouble exactly? Blind hope? Desperation? it seems that way Link to comment Share on other sites More sharing options...
hypochondriac Posted 17 February, 2012 Share Posted 17 February, 2012 As i recall Nicola and Markus were flabbergasted that Michael Fialka and Le Tiss's team got the preferred status over them; which is one of the reasons Le Tiss isn't incredibly popular with Nicola; so one would have to question Fry's motives on that one as he must have known Liebherr had money and that Fialka didn't show signs of it. But Le Tiss was not part of the team. He said he would help anyone who wanted to take over the club. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 17 February, 2012 Share Posted 17 February, 2012 Some skate clown in twitter @samsingletonPFC is claiming our accounts for last year show we borrowed £20m off Leibherr? First I've heard of it. Can anyone set him straight? Liebherr did give Saints £20.4m and is listed in the 2009/10 accounts. Makes no mention of when or even if it has to be paid back. Cortese says there is no debt, so possibly the money just added to the value of the club when it is sold at some point in the future. No problem for Saints. Link to comment Share on other sites More sharing options...
trousers Posted 17 February, 2012 Share Posted 17 February, 2012 Liebherr did give Saints £20.4m and is listed in the 2009/10 accounts. Makes no mention of when or even if it has to be paid back. Cortese says there is no debt, so possibly the money just added to the value of the club when it is sold at some point in the future. No problem for Saints. ^This. They are comparing apples with oranges. Link to comment Share on other sites More sharing options...
bridge too far Posted 17 February, 2012 Share Posted 17 February, 2012 Who / how will this latest administration to be funded? Link to comment Share on other sites More sharing options...
trousers Posted 17 February, 2012 Share Posted 17 February, 2012 Olly Birch @ollybirchpfc HMRC say mr birch doesn't want to work with AA Link to comment Share on other sites More sharing options...
aintforever Posted 17 February, 2012 Share Posted 17 February, 2012 He knocked back Markus Leibherr and gave preferred bidder to Mickey Fialka and the borrowed deposit from LC. Really smart there. From his point of view it actually was, he got Leon Crouch to chuck a six figure sum in the bucket to pay the wages while he drew a fat salary before Marcus saved us. Link to comment Share on other sites More sharing options...
derry Posted 17 February, 2012 Share Posted 17 February, 2012 And so we did,there's no mystery.All the money that the late Markus pumped into the club is shown as a shareholder loan in the accounts (those of 2009/10) but this isn't about us, it's about Skate FC. That included the mortgage, overdraft, debts paid off plus working capital. Link to comment Share on other sites More sharing options...
trousers Posted 17 February, 2012 Share Posted 17 February, 2012 Who / how will this latest administration to be funded? Link to comment Share on other sites More sharing options...
Ohio Saint Posted 17 February, 2012 Share Posted 17 February, 2012 Court laughs when asked reasons PKF couldn't work with AA Not just us then!!! Link to comment Share on other sites More sharing options...
trousers Posted 17 February, 2012 Share Posted 17 February, 2012 Olly Birch @ollybirchpfc Court laughs when asked reasons PKF couldn't work with AA Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 17 February, 2012 Share Posted 17 February, 2012 Olly Birch @ollybirchpfc Reply Retweet Favorite · Open HMRC say mr birch doesn't want to work with AA Link to comment Share on other sites More sharing options...
derry Posted 17 February, 2012 Share Posted 17 February, 2012 From his point of view it actually was, he got Leon Crouch to chuck a six figure sum in the bucket to pay the wages while he drew a fat salary before Marcus saved us. ML was ready to write out a cheque at that time. If he had walked away we were done for. Link to comment Share on other sites More sharing options...
hypochondriac Posted 17 February, 2012 Share Posted 17 February, 2012 Lol. Birch says he cannot work with AA as they have a very different attitude to compliance. Link to comment Share on other sites More sharing options...
NickG Posted 17 February, 2012 Share Posted 17 February, 2012 Birch says can't work with AA as they have very different views on compliance!! what is that saying to the world!! Link to comment Share on other sites More sharing options...
pedg Posted 17 February, 2012 Share Posted 17 February, 2012 Olly Birch @ollybirchpfc HMRC say mr birch doesn't want to work with AA So could be mr birch and the a.n.other? Link to comment Share on other sites More sharing options...
Thedelldays Posted 17 February, 2012 Share Posted 17 February, 2012 ML was ready to write out a cheque at that time. If he had walked away we were done for. we will never know what exactly went on...easy to look from the outside than be there I guess Link to comment Share on other sites More sharing options...
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