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Pompey Takeover Saga


Fitzhugh Fella

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If you had put "I'd love it" in the comment i would have been convinced it was keegan. hopefully, now they have unfairly docked us points and unfairly frozen 'our' money and unfairly not been vigilant enough when checking on our prospective owners they will allow us to pay/borrow the wages for a couple more loanees to come in, it would only fair. otherwise how can we be on a level playing field with the other teams

 

Terrible

 

Wouldn't you be better off being smug after the new administrators have gone through all your books to find there is something worth saving and you have new and honest buyer in place?

 

Administration doesn't mean you're safe from liquidation if there isn't enough to save the club... Just a thought.

 

Will we see you back here then and being so smug? You've a long way to go yet until you're in that position, there could be worse to come yet.

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"They could lose further points at the discretion of the Football League as a result of it happening for the second time in such a short period of time."

 

http://www.bbc.co.uk/sport/0/football/16943651

 

Like Bournemouth did...

 

Kevin Bond's side have been handed the points penalty after failing to exit administration via the necessary Company Voluntary Agreement and for being declared insolvent for the second time in as many years.

 

http://www.dailymail.co.uk/sport/football/article-1042684/Bournemouth-start-League-Two-17-point-deduction.html

 

and Rotherham...

 

In a statement, the League said it was imposing the punishment because it was the Millers' second insolvency in recent seasons.

 

http://news.bbc.co.uk/sport1/hi/football/teams/r/rotherham_utd/7543195.stm

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Right.

 

Final bits of packing, gotta hit the taxi call & shower before hitting the lounge & Duty Free. Anyone want any booze bringing? Ping me in next 15 mins, Tobaccco allowance all gone I'm afraid.

 

Jeez I hope you lot have some decent songs to sing about all this tomorrow, none of the ******* poopey on a string (and a prayer) stuff either - need some really ROUSING stuff.

 

Sha lala la lal lalala who's laughing now will do as a start

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In a way I'm glad they only got 10 points deducted. Imagine if they were docked 20 and were as good as relegated by the time we played them, it would have all been about plucky Pompey with no pressure or fear and nothing to lose.

But with them still having a chance to survive the fear and pressure will be at bursting point at the prospect of losing to us and being sent down

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I think -10 will send them down. If they have managed to get 10 more points than the bottom 3 in 2/3 of a season you would ordinarily expect them to finish 5 points above them by the end.

 

Add in the injuries, players possibly being loaned out etc. it will probably send them down.

 

Crystal Palace had -10 a few years ago and were higher up the league. They only managed to stay up on the last day.

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"They could lose further points at the discretion of the Football League as a result of it happening for the second time in such a short period of time."

 

http://www.bbc.co.uk/sport/0/football/16943651

 

Like Bournemouth did...

 

 

 

http://www.dailymail.co.uk/sport/football/article-1042684/Bournemouth-start-League-Two-17-point-deduction.html

 

and Rotherham...

 

 

 

http://news.bbc.co.uk/sport1/hi/football/teams/r/rotherham_utd/7543195.stm

 

You snooze you lose.

http://www.saintsweb.co.uk/showthread.php?14620-Pompey-Takeover-Saga&p=1277584#post1277584

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"They could lose further points at the discretion of the Football League as a result of it happening for the second time in such a short period of time."

 

http://www.bbc.co.uk/sport/0/football/16943651

 

Like Bournemouth did...

 

 

 

http://www.dailymail.co.uk/sport/football/article-1042684/Bournemouth-start-League-Two-17-point-deduction.html

 

and Rotherham...

 

 

 

http://news.bbc.co.uk/sport1/hi/football/teams/r/rotherham_utd/7543195.stm

 

Sory to repeat ,but never mind what the second hand sources say, the FL site gives no indication that they are currently considering anything more than the 10 points.

 

http://www.football-league.co.uk/footballleaguenews/20120217/pompey-given-10-point-deduction_2293334_2614922

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"They could lose further points at the discretion of the Football League as a result of it happening for the second time in such a short period of time."

 

http://www.bbc.co.uk/sport/0/football/16943651

 

Like Bournemouth did...

 

 

 

http://www.dailymail.co.uk/sport/football/article-1042684/Bournemouth-start-League-Two-17-point-deduction.html

 

and Rotherham...

 

 

 

http://news.bbc.co.uk/sport1/hi/football/teams/r/rotherham_utd/7543195.stm

 

I think the Bournemouth and Rotherham punishments were for not exiting admin with a CVA, they were docked 15 points plus another two for being their second admin.

 

I expect the skates will get away with it again, -10 wont send them down this year because Doncaster, Coventry and Forest are so ****e.

 

But there is a chance of pompey being hit with -17 or more again if they fail to service their current CVA or don't get a CVA from this admin or exit before the start of next season.

 

Ideal scenario would be relegation this year, fail to get a CVA in the summer and starting next year on -20 in league 1.

Edited by aintforever
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If you had put "I'd love it" in the comment i would have been convinced it was keegan. hopefully, now they have unfairly docked us points and unfairly frozen 'our' money and unfairly not been vigilant enough when checking on our prospective owners they will allow us to pay/borrow the wages for a couple more loanees to come in, it would only fair. otherwise how can we be on a level playing field with the other teams

 

Terrible

Oh dear! Just come on trying to catch up & well done you've hooked me! Just what do your club know about fair play please? since I can remember your club has been a serial offenders when it comes to financial irregularities! you have basically stuck 2 fingers up to the clubs in this league & said stuff you we will have what we want & not pay for it anyway! The crooks who have been ruining your club these recent years have now been marginalized! You now have an administrator in who may just may be able to salvage a going entity from the ashes. But & its a big but, its far from clear yet that he will be able to do so. As you now have a legitimate administrator in charge & if he can keep you alive, it will be at a cost & not a little pain! You are just going to have to suck it up & stop bleating about fair & level playing field. For once in your lives that is exactly what you are heading for. it will mean you can only bring in the players you can afford thus giving you a team & squad that will eventually settle into a division that it can sustain. For all decent Pompey fans I hope this is the case, speaking on my own behalf I couldn't give a F**k if you live or die.

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Have I understood correctly that HMRC objected to Hacker Young (Andronikou) being appointed administrator, and some other dudes got the gig ?

 

hehehehehehe

 

Yes, news came through whilst UHY had some of their staff in Fratton Park preparing to start work.... (allegedly).

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Not sure what was worse today:

 

Chainrai/AA trying to sway the judge with the promise of extra money but only if AA appointed.

 

or

 

Chainrai/AA thinking that trying to sway the judge with the promise of extra money but only if AA appointed was a good idea.

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The HMRC debt is a small minority of the overall debt so Pompey can come out of admin with a CVA even the the HMRC votes against it. Its clubs who has the majority of the debt to the tax man who never get the CVA.

 

Of course the other creditors could vote against it too meaning they get more points.

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The HMRC debt is a small minority of the overall debt so Pompey can come out of admin with a CVA even the the HMRC votes against it. Its clubs who has the majority of the debt to the tax man who never get the CVA.

 

Of course the other creditors could vote against it too meaning they get more points.

Baker Tilly are one of the larger creditors (for the old CVA), so them and HMRC combined should be enough. Baker Tilly were proposed by HMRC to manage the CVA, and PKF were proposed by HMRC as administrators for the football club, so I don't think it's beyond the realms of likelihood that, if it comes down to it, they will vote together.

 

Baker Tilly are unlikely to vote in favour of a reduction from 20p in the pound (or 10p in the pound if the revelation about the change in amount PFC were going to pay is true) to 20p in the pound of 20p in the pound, and we already know that HMRC will oppose a CVA as a matter of course.

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Not sure what was worse today:

 

Chainrai/AA trying to sway the judge with the promise of extra money but only if AA appointed.

 

or

 

Chainrai/AA thinking that trying to sway the judge with the promise of extra money but only if AA appointed was a good idea.

 

Seemed quite a strange and/or desperate measure to retain some control or conceal any evidence there maybe within Chainrai/AA's plans. With UHY in the PFC offices when it was announced that PFK were appointed as Administrators instead it probably gave them a headstart to remove anything that could possibly be seen as unethical as far as the pair of them have controlled a lot of PFC's affairs so far to date.

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What makes me giggle is that for the last two years we have been trying and trying and trying to tell Corp Ho ho ho that the CVA is yet to be serviced and his comeback has always been that it IS being serviced because the first payment was not due yet. Here we are just a few weeks before the first payment was due and, lo and behold - Skates back in admin and no hope of the first payment being made as agreed.

 

Is this your idea of servicing a CVA then Mr Ho? Default on it before the first payment is made in the hope of negotiating another one?

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Hi all, long time since I've been around!

 

Weird state of affairs, however, here's my two pennyworth.

 

AFCB and Rotherham were both deducted 17 points for previous insolvencies in the two years beforehand. The same as Pompey, however, in Pompey's case, they weren't in the FL, they were in the PL for their first admin. Mahwhinney if he's still about will want to make an example of Pompey, however, won't get near the 17 points mentioned IMO. I think we'll be looking at 15 at a push, if any more at all?

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ARGHHHHHHHHH They STILL Don't get it!!!

 

The first post after an article in the P*mpey News stated that the -10 point was official:

 

"Assuming the club get approval to bring a couple of players in on loan as has been rumoured, will Lawrence's injury suddenly be okay now, what with no need to play the sympathy card any longer?"

 

BRINGING PLAYERS IN ON LOAN????? FFS!!!!!! use your yoof and reserves like everyone else!!!

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I think the Bournemouth and Rotherham punishments were for not exiting admin with a CVA, they were docked 15 points plus another two for being their second admin.

 

I expect the skates will get away with it again, -10 wont send them down this year because Doncaster, Coventry and Forest are so ****e.

 

But there is a chance of pompey being hit with -17 or more again if they fail to service their current CVA or don't get a CVA from this admin or exit before the start of next season.

 

Ideal scenario would be relegation this year, fail to get a CVA in the summer and starting next year on -20 in league 1.

 

Which is why this is not finished yet.

 

Entering Admin while under CVA having not paid anything on the previous CVA

 

There is enough grounds in that alone for Discretion.

 

Meanwhile at the airport plane is chocka ho hum

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If/when they sign loan players, we'll know it's another dodgy administrator. No professional would go into that club to help the creditors and allow them to sign yet more players.

 

I don't understand where this request for loans has come from. Is it thick or corrupt? They do realise it's the opposite that should happen now? i.e. most their players are loaned out elsewhere?? Has anyone mentioned that to them? What world of administration do they think keeps all the high earners and senior pros and decides to sign a few more?

 

Also, what is the current situation with the CVA? They tried to pay 10p in the pound illegally right? But is it still stated as 20p in the pound? That was criminal enough, surely it can't be reduced further can it? If it can then I hope every other club starts operating the same way as that's the only 'level playing field' we'll be seeing.

 

Definitely thick! It's basically just the uneducated and deluded fans who think that now they are in admin everything is hunky-dory again and they can carry on as before, and as they only have 14 fit senior players then it's only fair if the FL let them bring in some more players on loan. I haven't heard any noises from the club itself alluding to the loaning in of more players. They can't even afford to pay the ones they already have FFS!

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Hi all, long time since I've been around!

 

Weird state of affairs, however, here's my two pennyworth.

 

AFCB and Rotherham were both deducted 17 points for previous insolvencies in the two years beforehand. The same as Pompey, however, in Pompey's case, they weren't in the FL, they were in the PL for their first admin. Mahwhinney if he's still about will want to make an example of Pompey, however, won't get near the 17 points mentioned IMO. I think we'll be looking at 15 at a push, if any more at all?

 

Mahwhinney retired having made an example of Saints. FA & FL have stepped backwards since, no idea why

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If/when they sign loan players, we'll know it's another dodgy administrator. No professional would go into that club to help the creditors and allow them to sign yet more players.

 

I don't understand where this request for loans has come from. Is it thick or corrupt? They do realise it's the opposite that should happen now? i.e. most their players are loaned out elsewhere?? Has anyone mentioned that to them? What world of administration do they think keeps all the high earners and senior pros and decides to sign a few more?

 

Also, what is the current situation with the CVA? They tried to pay 10p in the pound illegally right? But is it still stated as 20p in the pound? That was criminal enough, surely it can't be reduced further can it? If it can then I hope every other club starts operating the same way as that's the only 'level playing field' we'll be seeing.

 

We're skates, we don't need no steenkin' rules

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ARGHHHHHHHHH They STILL Don't get it!!!

 

The first post after an article in the P*mpey News stated that the -10 point was official:

 

"Assuming the club get approval to bring a couple of players in on loan as has been rumoured, will Lawrence's injury suddenly be okay now, what with no need to play the sympathy card any longer?"

 

BRINGING PLAYERS IN ON LOAN????? FFS!!!!!! use your yoof and reserves like everyone else!!!

 

That must have been posted by someone from here.

 

 

Surely.

 

 

Don't you think?

 

 

They can't be that thick and deceitful.

 

 

Can they?

 

 

Oh...

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