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Pompey Takeover Saga


Fitzhugh Fella

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I can't help but wonder if PFC get 'special' treatment because of their past link with Sir Dave Richards, chairman of the Football Association. After all, Lumpitt used to work for the FA didn't he? And Sir Dave was quite heavily involved in the Al Mirage saga, apparently.

 

Is this pure coincidence or am I just a conspiracy theorist?

 

Just google Sir Dave Richards - interesting reading.

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Spread the word at every opportunity. Go to the neutral friendly pubs before matches and buy a beer for a sensible opposition fan while you bend his ear. Sign up for their forums and post links to here with a summary of their cheating and the League's favoritism. Doncaster and Burnley are now well informed.

 

Fine set of results today, BTW.

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Bournemouth were refused permission under their administration transfer embargo to sign Steve Lovell on amateur terms at no cost to them.

 

Howe's half-brother Steve Lovell, once of Aberdeen, trained with the club during the summer and was prepared to sign as an amateur but the embargo prevented him from doing so. Tindall, twice retired, has been forced into action this season.

 

http://www.bbc.co.uk/blogs/paulfletcher/2009/11/howe_does_eddie_do_it_at_bourn.html

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This needs to be posted to as many FL clubs as possible - especially those who have sadly had to leave the FL and those who have had all sorts of embargos and restarints placed upon them, after TRYING to resolve the situation they have found themselves in.

 

Portsmuff FC is an absolute disgrace to all that is decent within Uk footie - die now ffs just die now.

 

Best way is to set up a Twitter account, then use it to contact fans of other clubs - believe me it will snowball. Solent etc can't ignore it then...

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I have to salute the great people of Barnsley and their fine football team tonight.

At least someone has dished out some frickin justice this week.

 

Having looked at their website even the BBC refuse to impose the penalty on pompey - what is going on there? :?

 

He isn't AA, but the jury is still out on an administrator that sanctions the additional costs that Thorne's signing has created.

 

But Rallyboy you bedwetting nutjob, Thorne's wages are being paid by WBA...

 

Yeah but he ain't hitchiking to games, eating squirrels and sleeping under a railway bridge - he is costing money.

Money that could be used to pay the pompey office staff, or even a bloody charity.

Disgraceful.

 

So well done Barnsley, and respect to any team at the bottom of the championship that is living within their means and competing in a sporting event on equal terms.

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Are they covering his insurance costs, his transport costs, his living costs, his food costs?

 

If Portsmouth are paying a single penny towards Thorne in any way whatsoever, then he shouldn't be there

 

They're quite clearly paying towards it in some way, as they could only complete the signing once their accounts were unfrozen. That is a fact.

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They're quite clearly paying towards it in some way, as they could only complete the signing once their accounts were unfrozen. That is a fact.

 

It was more of a rhetorical question S-Clarke! The football league need to have a long hard look at what is going on here and do something about it. It is bringing the english game into disrepute

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It was more of a rhetorical question S-Clarke! The football league need to have a long hard look at what is going on here and do something about it. It is bringing the english game into disrepute

 

Ah no i totally agree with you. They're being given an easy ride here, which makes it all the more confusing to hear their fans come out and say the FL are being harsh on them...

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They're quite clearly paying towards it in some way, as they could only complete the signing once their accounts were unfrozen. That is a fact.
Being allowed to into admin will have been a prerequisite for the FL to allow Pompey to sign players and also the unfreezing of the accounts to allow Pompey to settle the outstanding debt to WBA for the previous loan spell of Thorne and Mattock.
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So, one of the players that are not old/good enough for their bench today, looks to be off :-

 

Neil Allen @pn_neil_allen

#Pompey defender Sam Magri is having a week's trial at Liverpool from Monday with view to a transfer.

So they get rid of a kid who they wont even put in the first team, and replace with a premier player. Seriously!

 

Shame, I wanted us to get Magri.

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Being allowed to into admin will have been a prerequisite for the FL to allow Pompey to sign players and also the unfreezing of the accounts to allow Pompey to settle the outstanding debt to WBA for the previous loan spell of Thorne and Mattock.

 

Really?

 

I thought 'admin' meant a transfer embargo!

 

It does for every other team that goes into admin anyway.....

 

Pompey in their two admins have already signed more players than some clubs do during a transfer window!

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Ok SWFers - It's PTS Game Time, and todays question is.........

 

In the event of liquidation, what is PFC (2010) Ltd's greatest salable asset, ignoring anything that would fall inside the football creditors rule?

 

My answer is the accounts departments Fax Machine, but that's only because I think the Photocopy is leased.

 

Any other takers?

 

Well the shovels and rakes used for the pitch should bring in a few bob.

 

Oh wait a minute, haven't the locks on the shed been changed? :lol:

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It does seem to me that the phew somehow think they are free of Chainrai, but they are far from it. His and Gaydamak's tentacles are still wrapped right around the club; the only difference now is that he no longer has a vested interest in keeping it going, if he can't control the next high-interest earning money-launderer/joker to buy into the club. He can make Mr Birch's job even more difficult than it already is. Conclusion - the fun continues.

 

I think (and hope) you are right there. I'm sure Chinny is going to give us plenty more chuckles before this all ends. In tears. For the few.

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Read a comment on one of our fishy friends sites and I'm not sure if this is true maybe someone more informed will .. But if they use the youth to fill places on the bench after a few bench appearances they become part of the squad and would therefore increase their squad numbers. Therefore not warrant any loans to make up the numbers, a tactic or just plain cheating again... But would like to know what the position is on this under the rules..

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Why had they 'acted in the best interests of the club' exactly? That was not their job, they were administrators of CSI and employed to act in the best interests of the creditors.

 

I've been thinking exactly this after hearing various comments from AA.

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Barnsley manager Keith Hill has 'no sympathy whatsoever' for the financial crisis that is engulfing Portsmouth after they were forced into administration for the second time in as many years.

 

Barnsley claimed a 2-0 victory over Portsmouth, and Hill admitted: 'I've got no sympathy whatsoever for Portsmouth, absolutely none, because they've spent money they can't afford. They've recruited players at the beginning of the season knowing full well they were still in debt from the previous administration.

 

'They've recruited players that I can't afford to recruit and they are paying the type of wages that I could only dream about paying, so how can I have sympathy for any football club who are competitive against me in a league when I haven't got the same advantages as Portsmouth?'

 

Read more: http://www.dailymail.co.uk/sport/football/article-2103169/Barnsley-boss-Hill-Ive-got-sympathy-Pompey.html#ixzz1mllXGnAR

 

Another one who's got it.

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Another one who's got it.

 

'Getting it' is one thing. Doing something about it is another.

 

Don't the league club chairmen and CEOs have annual or bi-annual meetings?

 

Will any of them have the balls to deal with fellow clubs that bend the rules at these meetings as opposed to the ineffectual practice of bleating about it in a token effort fashion to the media?

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My respect for Keith Hill has shot up.

 

I love also the quote from Appy at the end:

 

Portsmouth boss Michael Appleton said: 'I spoke to him (Trevor Birch) this morning and it was quite positive from my point of view, because he said that the first thing he would be addressing was to make sure we had more players in the building.

'I'm not sure how he's going to do that,'

 

Easy mate, I can tell you how he ought to do it, He is going to open the door and call in the kids training in the car park and say 'Come in to the building lads I want to talk to you!'

 

 

Read more: http://www.dailymail.co.uk/sport/football/article-2103169/Barnsley-boss-Hill-Ive-got-sympathy-Pompey.html#ixzz1mm0nQCbJ

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I think Trevor Birch is probably going to be a straight administrator but I can't see how he is going to pay the footballing wages contracted to Tal Ben Haim, Varney, Kitson, Lawrence, Norris etc out of a £2m pot. Each one of them is probably on more than Rickie Lambert.

 

TB is going to have to magic up funds very quickly or call it a day.

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Well said Steve Claridge. Stark truths, I think he's had enough of it all - Seven years in the PL and nothing to show for it, no infrastructure, FP and land around the ground owned by others, players still on premiership wages after the first admin, didn't learn lessons, etc.

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To be fair on this issue (which I'm not minded to be!), broadcasters know there's a can of worms here, but need to be careful on legal grounds. There are both issues surrounding defamation and fears of prejudicing a possible criminal investigation. The easy, cautious line to take is "poor Pompey...shrug...sigh...you have to feel for the fans" etc etc. Most editors will therefore take such a line.

 

I have heard (only on a rather non-committal - but reliable - 2nd hand source) that Birch is likely to conclude quite quickly that the club should be liquidated in the interests of creditors.

 

However, there is an issue around player signings and salaries that isn't quite as black and white as some on here suggest.

 

Yes, of course it looks horrid that any new player could be signed or that high earners could be retained,

 

But...to simplify it...if it was the honest view of the administrator that paying Bill Bloggs £X per week would add more than £X per week to revenues, he can and should continue to pay Bloggs. Even if Bloggs is on, say, £10K a week.

 

Certainly, just slashing payroll isn't the obligation. For example, if Varney is on £15k per week and he can be loaned out to another club as long as Pompey pay £12K per week of his wages, then this looks like a saving (cutting spend from £15K to £3K per week). An option that the administrator should take.

 

However, if the administrator were to judge that gates at Fratton would fall substantially if Varney left or that Varney might add a high % chance to the skates staying up then he can retain Varney with a clear conscience.

 

Not saying if this is right and/or fair, just saying there are potentially some grey areas.

 

I still think they will probably be liquidated, though. Most likely at the end of the season following a bottom three finish.

Edited by SaintBobby
2 minor typos, 1 clarification
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To be fair on this issue (which I'm not minded to be!), broadcasters know there's a can of worms here, but need to be careful on legal grounds. There are both issues surrounding defamation and fears of prejudicing a possible criminal investigation. The easy, cautious line to take is "poor Pompey...shrug...sigh...you have to feel for the fans" etc etc. Most editors will therefore take such a line.

 

I have heard (only on a rather non-committal - but reliable - 2nd hand source) that Birch is likely to conclude quite quickly that the club should be liquidated in the interests of creditors.

 

However, there is an issue around player signings and salaries that isn't quite as black and white as some on here suggest.

 

Yes, of course it looks horrid that any new player could signed or that high earners could be retained,

 

But...to simplify it...if it was the honest view of the administrator that paying Bill Bloggs £X per week would add more than £X per week to revenues, he can and should continue to pay Bloggs. Even if Bloggs is on, say, £10K a week.

 

Certainly, just slashing payroll isn't the obligation. For example, if Varney is on £15k per week and he can be loaned out to another club as long as Pompey pay £12K per week if his wages, then this looks like a saving of £3K per week. An option that the administrator should take.

 

However, if the administrator were to judge that gates at Fratton would fall substantially if Varney left or that Varney might add a high % chance to the skates staying up then he can retain Varney with a clear conscience.

 

Not saying if this us right and/or fair, just saying there are potentially some grey areas.

 

I still think they will probably be liquidated, though. Most likely at the end of the season following a bottom three finish.

 

I like your thinking. Hopefully the administrator will share your view and common sense will prevail at last :smug: COYPKF

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