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Pompey Takeover Saga


Fitzhugh Fella

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Who's this then! LOL 42

AllMouth

Tuesday, February 21, 2012 at 11:31 AM

@38 I couldn't disagree more. We egged on an arms dealer to keep blowing money on players and their wages in a way that even a slow-witted child could have worked out was unsustainable. It won us one FA Cup. And now we're paying the price. Well, I say 'we' - the people who are really paying the price are those that are going to lose their livelihoods and maybe even their homes. I think Birch will find us a buyer and we'll stumble on, but I wish he wouldn't. I think we should take liquidation and pay back every creditor, particularly the ones that need it, and then start again and build a club with ethics and morals at its very core. Even if we spend a decade in the wilderness we would at least have a club to be proud of once more.

 

No one from Skatesville - words in there that they just don't comprehend

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Who's this then! LOL 42

AllMouth

Tuesday, February 21, 2012 at 11:31 AM

@38 I couldn't disagree more. We egged on an arms dealer to keep blowing money on players and their wages in a way that even a slow-witted child could have worked out was unsustainable. It won us one FA Cup. And now we're paying the price. Well, I say 'we' - the people who are really paying the price are those that are going to lose their livelihoods and maybe even their homes. I think Birch will find us a buyer and we'll stumble on, but I wish he wouldn't. I think we should take liquidation and pay back every creditor, particularly the ones that need it, and then start again and build a club with ethics and morals at its very core. Even if we spend a decade in the wilderness we would at least have a club to be proud of once more.

 

And a big LOL to this!!

 

38

Crookwatcher

Tuesday, February 21, 2012 at 11:13 AM

Interesting that THE GUARDIAN is running a story today reporting that Andrew Andronikou has appealed the decision to appoint Trevor Birch's company as Portsmouth FC administrators and wants the court's decision overturned due to "A conflict of interest" as Birch's company apparently undertook some audit work for PFC. (A Conflict of interest - I know, you couldn't make it up!) Just shows that Andronikou and Chanrai are terrified about what the new administrator may discover - like the £17m which was lent to the Invisible Man was never actually saw by Portsmouth FC, or if it was where did it actually go? I have said this before and I will say it one final time for the benefit of people (mainly from Southampton) who read too much media hype and like to think the FA Cup was won by "cheating" and all that rubbish; YES - Portsmouth FC did overspend irresponsibly during the Redknapp and Gaydamak years, but Gaydamak was the owner and he seemed happy with this so PFC did nothing different to what any other club would have done had they been in the same position. Nobody indicated that Gaydamak was actually "loaning" his own business money and would one day want it all back with interest when the recession hit and he (or his Dad really) run out of money! As for the claim that Pompey won the FA Cup by buying it or "cheating", the Portsmouth FA Cup cheating side of 2008 cost £34 million to assemble. Within 18 months when that side had been dismantled and sold the combined transfer fees came to around £90 million, (not including compensation fro Spurs for Harry Redknapp). Sorry, but signing a player like Diarra for £5.5 million and selling him 12 months later for £22 million is not cheating, it's very good business. Everyone is happy to talk about the expenditure, but WHERE DID ALL OF THE MONEY THAT CAME IN GO? Do the maths, the wages were silly high but not high to the point we were suddenly £200 million in debt! I have no doubt that Chanrai lent "someone" £17 million, but was it really PFC or is PFC the only 'body' available in this sorry mess for him to try and retrieve it? Crooks, Crooks, Crooks....and more Crooks!

 

F'ck me, do they think these players play for free ? Sol Campbell was on around £100k a week at Arsenal. The first "cheating" in there is an edit by me to replace the word "winning", btw. And they may have sold players at a profit, but they DIDN'T EVEN PAY UDINESE FOR SULLEY MUNTARI after they'd sold him on !

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think the rules say you have to turn up with 14 players.

 

wonder what would happen if they deliberately got sent off or "injured" so that they didn't have the required number?

 

They'd forfeit, get fined and points deductions, if Middlesbrough's 1997 experience in the Prem is anything to go by - can't field a team due to illness ? We don't care, you have a big enough squad including the youth players, so give them squad numbers or pay the consequences. In Boro's case as has been mentioned before, they lost 3 points for unilaterally not turning up at Blackburn, and got relegated as a result of that points deduction. Saints stayed up as a result, but that's what we did back then...

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think the rules say you have to turn up with 14 players.

 

wonder what would happen if they deliberately got sent off or "injured" so that they didn't have the required number?

 

3-0 default win I reckon.

 

 

Sheff Utd did this a few years ago in a league game...

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So Mr Birch is deferring January's pay and probably pay up to Feb 20th. Will he pay them in full for 10 days in Feb and pay tax and NI?

 

If he defers pay to the staff & players in excess of 4k per month till the parachute payment is due he could eek out the cash a long way as the tax would not be due until the wages were paid.

 

If he makes people redundant that is quite a lot of redundancy pay to come out of his £2m.

 

Is it 3 months notice? + generally 1 weeks pay per year employed (different ages get different deals)

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It is strange that there is money in a UHY account.

 

If PFC had already gone into administration and UHY were administrators then they would provide them with an account, but UHY had nothing to do with the day to day running of PFC (I know, ha ha).

 

So they may have been accepting money on PFC's behalf, like the cash payments for tickets. I'm not sure that's strictly ethical, but as TB says, compliance is not really their thing. :)

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Presumably January's pay (and the associated tax then due) will go in to the bucket marked "debt" and so they are protected from paying it until a CVA is agreed. Whereas February's pay is not due yet, and therefore is considered a day-to-day cost of continuing to trade.

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From the snooze website :

 

36

Hateleys back

Tuesday, February 21, 2012 at 12:16 PM

You know the most fun about all of this is the comments from those in stripey pyjamas down the road...... Just hilarious Some FACTS you might find of interest Last published accounts for SFC £9m pre tax loss (of which only -£1.1m was down to player trading) hmmm living beyond their means then.....how naughty They owe £7m to creditors to be repaid this year, Additional £6m owed over 5 years A further £8.4m Loan to be repaid within 5 years PLUS £20.4m loan owed in 5 years TOTAL DEBT of £42m+ sound familiar......... This at a club spending £7m more than it is earning Oh well glad to see they are only spending what they earn I mean we don't want clubs who overspend in our league now do we, some would class that as cheating and state that all their trophies won in that time should be taken away, still no problem for them there then..... Exactly the same as Gydamak, Liebherr cleared the initial debt but the rest of the monies has been lent in loans No difference to PFC Also, SFC do not own the ground, or the training facilities Now wonder who that sounds like....... And each year the debt gets larger Makes our £46m seem reasonable, at least much of ours will be cleared whatever happens Thought that would make you all laugh........ ALL this information is available off of their published accounts from companies house, recommend it, a thoroughly good read!!!

 

Sadly, they lap all this up.

 

The delusion is fierce with this one!

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The thing about Pompey's apparant transfer success that get's me everytime this "profit" is put forward, is the fact that they needed to sell those players at the time to pay off the debts to Standard Bank and other banks at the time. The banks wanted their money back almost instantly! They already had massive debts at the time. It wasn't a profit, it was only the first (and only) cost cutting action they took.

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So Mr Birch is deferring January's pay and probably pay up to Feb 20th. Will he pay them in full for 10 days in Feb and pay tax and NI?

 

If he defers pay to the staff & players in excess of 4k per month till the parachute payment is due he could eek out the cash a long way as the tax would not be due until the wages were paid.

 

If he makes people redundant that is quite a lot of redundancy pay to come out of his £2m.

 

Is it 3 months notice? + generally 1 weeks pay per year employed (different ages get different deals)

 

Well yes ,but there is a maximum to the statutory weekly wage used in that calculation. ie employers do not have to pay to more than £430 a week Many do pay actual weekly wage, but they do not have to do so legally.

 

In theory you could have a player on £30k a week, whose been at the club for say a year, getting only £430 redundancy pay! However a) it would probably be considered to be reneging on a football debt by the FL, in not honouring the whole contract, and b) it would be very difficult to argue that any post of footballer at PFC was really redundant, when they are saying they do not have enough players. The 'poor bloody infantry' staff in the back office etc, though, I'm afraid should be feeling very nervous both about losing their jobs and about how much redundancy pay they'll get if they do go.

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Sol Campbell was on around £100k a week at Arsenal.

 

I believe Ronaldo's on about a million a week with Real but what does the wages paid by other clubs to their players have to do with Pompey? Unless you're suggesting Pompey paid Campbell £100K a week?

 

Sadly, they lap all this up. The delusion is fierce with this one!

 

But you do only own half of your training gound

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I believe Ronaldo's on about a million a week with Real but what does the wages paid by other clubs to their players have to do with Pompey? Unless you're suggesting Pompey paid Campbell £100K a week?

 

 

 

But you do only own half of your training gound

 

still a half more than you

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Pursuant to the Guardian article, I found a link in one of the comments leading to a petition to the Football League. The petition has been started by a Pompey fan apparently

 

http://www.ipetitions.com/petition/request-to-the-football-league-re-portsmouth/

 

Worth signing?

He is a decent intelligent guy who lives and works in Birmingham. I have been out for a few beers with him when we used to have a charity get togethers with Saints/Pompey fans.

 

There are just as many good Pompey Supporters out there as there are Saints or any other club come to that.

 

For most it is just good rivalry not to be taken too serious.

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Presumably January's pay (and the associated tax then due) will go in to the bucket marked "debt" and so they are protected from paying it until a CVA is agreed. Whereas February's pay is not due yet, and therefore is considered a day-to-day cost of continuing to trade.

 

Or even ,is it only that small part of February's pay since the administrators took over that will be paid, with the bulk of that also going into the debt bucket?

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But you do only own half of your training gound

 

They say a little bit of knowledge is dangerous :):)

 

We actually own all of the training ground, but then expanded it when the land between the roads and actual training areas became available to lease - I would think for privacy and security reasons.

 

The land in which our latest 8 million pound development is on (Just started) is 100% owned by club.

 

E - Please try harder

Edited by Gemmel
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I believe Ronaldo's on about a million a week with Real but what does the wages paid by other clubs to their players have to do with Pompey? Unless you're suggesting Pompey paid Campbell £100K a week?

 

 

 

But you do only own half of your training gound

 

You mean this one?

 

http://www.saintsfc.co.uk/page/NewsDetail/0,,10280~2613018,00.html

 

If only we owned the whole thing.......

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if Hacker owes pompey any money the only way they'll see that is if they can prise it out of Chanrai's cold dead fingers.

AA still has a starring role to play here, what with his challenge, and any other mischief he gets up to - and he will.

 

And when they say Feb's wages are to be paid, that'll be ten days of it, and it's going to players instead of tackling debts, thus annoying the taxman a little bit more.

 

Putting the little issue of work-for-free January aside, Birch will do well to eke out the money for one month to cover four.

 

His main aim must be to defer player's salaries - they simply can't get to the summer paying those wages, and they certainly can't bank on massive advance season ticket sales.

They really need to Pack the Park - and there is no Chanrai excuse now, the club really needs their cash so I expect to see some 18/19K gates.

But such is the insanity down there that those extra 4000 punters a fortnight will barely cover one player's wages.

 

Birch also knows that he has CVA1 looming like a freight train - that'll be crunch time.

 

April could be a big month for them.

 

 

 

Or us.

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But you do only own half of your training gound

 

You really are clueless!

 

Please let us all know when Pompey own even 1% of a training ground like this...

 

http://www.saintsfc.co.uk/page/Gallery/0,,10280~2613029,00.html

 

As Gemmel says...

 

We actually own all of the training ground, but then expanded it when the land between the roads and actual training areas became available to lease - I would think for privacy and security reasons.

 

The land in which our latest 8 million pound development is on (Just started) is 100% owned by club.

Edited by Matthew Le God
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Nice comparison on the News site comments.......

 

35

[h=3]cd74[/h]Tuesday, February 21, 2012 at 12:01 PM

Thought it would be interesting to compare Coventry's squad as they have been mentioned a bit. They have a squad of 28, seems good to me, but look in a bit more detail and that squad includes 4 keepers, 2 of which are former academy keepers age 23 and 19 who have 2 appearances on the bench between them. There's then Her man who played 2 games and is out for the season, Eastwood who has apparently been unfit all season and is only now on the bench as they have no other options and McDonald who has played 5 times and been injured for most of the season. They have recently signed 2 loanees who are both 20. A further 9 players are under 21 with 5 being academy players. They have an 18 year old who has played 19 games and another who has played 22. Of course that's before you consider all the players they've had to let go as they can't afford the wages and the fact that they have a scout as a manager! When you look at it that squad of 28 looks pretty similar to ours if Appy would put the kids in. I'm sure he wants to protect them but equally I'm sure the other teams do as well! We need to be careful, if we keep on like this I can imagine other clubs asking questions and it could do more harm than good esp when the league still have the option to take more points off.

 

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if Hacker owes pompey any money the only way they'll see that is if they can prise it out of Chanrai's cold dead fingers.

AA still has a starring role to play here, what with his challenge, and any other mischief he gets up to - and he will.

 

And when they say Feb's wages are to be paid, that'll be ten days of it, and it's going to players instead of tackling debts, thus annoying the taxman a little bit more.

 

Putting the little issue of work-for-free January aside, Birch will do well to eke out the money for one month to cover four.

 

His main aim must be to defer player's salaries - they simply can't get to the summer paying those wages, and they certainly can't bank on massive advance season ticket sales.

They really need to Pack the Park - and there is no Chanrai excuse now, the club really needs their cash so I expect to see some 18/19K gates.

But such is the insanity down there that those extra 4000 punters a fortnight will barely cover one player's wages.

 

Birch also knows that he has CVA1 looming like a freight train - that'll be crunch time.

 

April could be a big month for them.

 

 

 

 

Or us.

 

 

 

Just for a minute there i thought we were going to have none of your excellent trade mark comedy...then i read the highlighted bit;)

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Birch also knows that he has CVA1 looming like a freight train - that'll be crunch time.

 

April could be a big month for them.Or us.

 

I'm afraid not rallyboy. After the News printed the story that they would delay the unsecured March CVA payment, I went and read it (The CVA doc) and to put it bluntly .... they can. I think they have to pay Gaydamak his 1.2 mill and then the same again in August, but your man of the street has to wait

 

Whether the authorites take action remains to be seen, but the CVA allows for 5 years to repay with only guidelines as to payment dates and no physical hardline debts.

 

The way I read it is that they can wait 4 years, 364 days and make the total payment on the last day.

 

Neatly worded by the android

Edited by Gemmel
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Suggestions on how they could redeem them??

 

I believe that they can be used in the passport photo booths, they have in their shops.

 

If Lawerence opts for the balck and white prints, he can photograph his bad leg and see what it shows up.

 

Ok, so it's not a proper scan, but in these tough times.............

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I believe Ronaldo's on about a million a week with Real but what does the wages paid by other clubs to their players have to do with Pompey? Unless you're suggesting Pompey paid Campbell £100K a week?

 

 

 

But you do only own half of your training gound

 

Yep...it's called equity.....and P*opey?

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I believe Ronaldo's on about a million a week with Real but what does the wages paid by other clubs to their players have to do with Pompey? Unless you're suggesting Pompey paid Campbell £100K a week?

 

 

 

But you do only own half of your training gound

 

Corpy me old mate, when are you going to get a grasp of the situation. Your club has been living well beyond its means for best part of a decade, been raped by a number of con men and chancers, no infrastructure, no real youth set up to talk of, you train on a sports ground which has a SO postcode that you pay or don't pay rent for. Portsmouth is listed as one of the most deprived areas in the country and from what I can see most of the people that live there are deprived of any sort of brain power. You think that every man and his dog are up against you wake up and see the light go back to basics like we did and get the foundations built on rock not sand and you might just have a future.

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Corpy me old mate, when are you going to get a grasp of the situation. Your club has been living well beyond its means for best part of a decade, been raped by a number of con men and chancers, no infrastructure, no real youth set up to talk of, you train on a sports ground which has a SO postcode that you pay or don't pay rent for. Portsmouth is listed as one of the most deprived areas in the country and from what I can see most of the people that live there are deprived of any sort of brain power. You think that every man and his dog are up against you wake up and see the light go back to basics like we did and get the foundations built on rock not sand and you might just have a future.
I agree with you Toomer, but Corpy is a man with a candy floss head. Looks like it has substance, but is really 99.9% fresh air!!! ;)
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Corpy me old mate, when are you going to get a grasp of the situation. Your club has been living well beyond its means for best part of a decade, been raped by a number of con men and chancers, no infrastructure, no real youth set up to talk of, you train on a sports ground which has a SO postcode that you pay or don't pay rent for. Portsmouth is listed as one of the most deprived areas in the country and from what I can see most of the people that live there are deprived of any sort of brain power. You think that every man and his dog are up against you wake up and see the light go back to basics like we did and get the foundations built on rock not sand and you might just have a future.

 

Glad you're coming around to the idea that the club has suffered at the hands of the chancers who have owned it. It's taken you long enough to agree with what I've been saying but well done for finally coming out in agreement.

 

Ref your line about Portsmouth being one of the most deprived areas in the country, you seem ill informed. According to the lastest government stats Portsmouth is listed as being number 23 on the list of deprived areas, one spot above Southampton. having said that, if you sort the data to show the rank of % of each city's population living in deprived circumstances Southampton is 86th compared to Portsmouth's 93rd. Funny how wrong you constantly are on this board for such self proclaimed geniuses

 

http://www.guardian.co.uk/news/datablog/2011/mar/29/indices-multiple-deprivation-poverty-england

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Glad you're coming around to the idea that the club has suffered at the hands of the chancers who have owned it. It's taken you long enough to agree with what I've been saying but well done for finally coming out in agreement.

 

Ref your line about Portsmouth being one of the most deprived areas in the country, you seem ill informed. According to the lastest government stats Portsmouth is listed as being number 23 on the list of deprived areas, one spot above Southampton. having said that, if you sort the data to show the rank of % of each city's population living in deprived circumstances Southampton is 86th compared to Portsmouth's 93rd. Funny how wrong you constantly are on this board for such self proclaimed geniuses

 

http://www.guardian.co.uk/news/datablog/2011/mar/29/indices-multiple-deprivation-poverty-england

 

I might be being pedantic but where does Toomer say that Southampton is less deprived than Portsmouth?

 

Considering how wrong you've been on countless occassions it is interesting to see that you've moved from bull****ting to satire in your attempts to keep us all amused.

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Glad you're coming around to the idea that the club has suffered at the hands of the chancers who have owned it. It's taken you long enough to agree with what I've been saying but well done for finally coming out in agreement.

 

Ref your line about Portsmouth being one of the most deprived areas in the country, you seem ill informed. According to the lastest government stats Portsmouth is listed as being number 23 on the list of deprived areas, one spot above Southampton. having said that, if you sort the data to show the rank of % of each city's population living in deprived circumstances Southampton is 86th compared to Portsmouth's 93rd. Funny how wrong you constantly are on this board for such self proclaimed geniuses

 

http://www.guardian.co.uk/news/datablog/2011/mar/29/indices-multiple-deprivation-poverty-england

 

Funny how you once again, disappeared last week when the heat was on, and only returned straight after the court verdict. Half the sh1te you come out with, you have gleaned of here anyway, then post it as if you discovered it all by yourself, only to be found out by one of our stato,s, then you hibernate for another couple of weeks. Living in toyland has impeded your sense of reality, as the fact remains, your scummy club is in deep poo poo, and the rest of the country is slowly waking up to your cheating ways.

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67

yellow submarine

Tuesday, February 21, 2012 at 02:18 PM

 

weve only got 15 million coming in paracuhte payments they forwarded us a million last week. we are only 34 points behind the scum i reckon we can still beat them dont want them to finish above us in the table

 

 

Another classic!!

 

Unless it`s from one of us....:D

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Petworth Blue

Tuesday, February 21, 2012 at 01:55 PM

Just had a look at this web site http://www.pfccommunityclub.com This would seem the best way for us as fans to buy the club. Have a look and register your interest. Pass this onto every Pompey fan. If 20,000 people invested £100 that makes £2 million, if 50,000 invested £100 that would be £5 million. Many of us would invest more, me included.

 

**** me!!!! Where are they going to find 200 people to invest 100 pounds, let alone 20,000!!! 50,000 people??? What planet is this guy on?????:lol::lol::D He's spent too much time ****ing his sister/mother/brother/father!!!

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With regards to the Skates bringing in loanees, surely it is in our best interests for them to do this, they have yet to play Leeds, Boro, Reading, Brighton, Brum & Hull, all of which are within 11 points of us. We could do with our fishy friends taking points off them.

 

Just a thought.

Edited by Dimond Geezer
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(Pompey) has suffered at the hands of the chancers who have owned it

 

Pompey has also suffered at the hands of those who turned a blind eye to said "chancers" when it suited.

 

Fans and CEO(s) alike. You're all accessories to the 'crime'. Ignorance is no defence.

 

Sigh.

 

Anyway, enjoy your pancakes this evening. The one night a year that Saints fans can join Pompey fans in being expert tossers.

Edited by trousers
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67

yellow submarine

Tuesday, February 21, 2012 at 02:18 PM

 

weve only got 15 million coming in paracuhte payments they forwarded us a million last week. we are only 34 points behind the scum i reckon we can still beat them dont want them to finish above us in the table

 

 

Another classic!!

 

Unless it`s from one of us....:D

 

I'm pretty certain he's one of us. :D

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Petworth Blue

Tuesday, February 21, 2012 at 01:55 PM

Just had a look at this web site http://www.pfccommunityclub.com This would seem the best way for us as fans to buy the club. Have a look and register your interest. Pass this onto every Pompey fan. If 20,000 people invested £100 that makes £2 million, if 50,000 invested £100 that would be £5 million. Many of us would invest more, me included.

 

**** me!!!! Where are they going to find 200 people to invest 100 pounds, let alone 20,000!!! 50,000 people??? What planet is this guy on?????:lol::lol::D He's spent too much time ****ing his sister/mother/brother/father!!!

To be fair, Darlington fans have (so far) raised more than £200k in £100 shares in their new "community club" buyout since the scheme was launched last week. Pompey are a bigger club than Darlington, so there's no reason why they couldn't raise significant sums of money to fund a similar scheme, although I guess it would be much more suited to the phoenix club option rather than the current debt-saddled rabble.

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Glad you're coming around to the idea that the club has suffered at the hands of the chancers who have owned it. It's taken you long enough to agree with what I've been saying but well done for finally coming out in agreement.

 

Good grief, it's been us that have told you each time as a new chancer has come along. Why do you think we find it so amusing; everything that's happened has been so predictable. To many denials each time it's been said, and many denials of the fact that you were trading insolvently.

 

You've spectacularly missed the whole point of this thread.

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Glad you're coming around to the idea that the club has suffered at the hands of the chancers who have owned it. It's taken you long enough to agree with what I've been saying but well done for finally coming out in agreement.

 

Ref your line about Portsmouth being one of the most deprived areas in the country, you seem ill informed. According to the lastest government stats Portsmouth is listed as being number 23 on the list of deprived areas, one spot above Southampton. having said that, if you sort the data to show the rank of % of each city's population living in deprived circumstances Southampton is 86th compared to Portsmouth's 93rd. Funny how wrong you constantly are on this board for such self proclaimed geniuses

 

http://www.guardian.co.uk/news/datablog/2011/mar/29/indices-multiple-deprivation-poverty-england

IMO Chanrai of all the people ever involved in your club, is the one you morons should be worshiping. If it was not for his money Pompey would have been gone forever. He fell for a bad business deal and got the runt of the litter. Yes he has since run the club to try and squeeze some money back but i would say without doubt that if he could put the clock back he would never have got involved in the first place.
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PMSL. Are all these posts (on this and other threads) yet more evidence about how little you all care about Pompey? (as you always tell me is the case). Your desperation for this proposed takeover to fall through is so patently full of jealousy that no Pompey fan could fail to laugh at the lot of you.

 

Let's get this straight. The Sun say that the deal may (it's always "may" or "could" or "unnamned sources say" isn't it) fall through because Shinawatra "may" be involved. Then, when Shinawatra and Al Fahim both issue statements saying he's not involved they change tack to say the new "fear" is that someone at Man City's brother (his brother for God's sake) is involved in a company that Al Fahim runs called Hydra Properties, a company which he's said from the start of the process has absolutely nothing to do with the takeover.

 

But you lot clutch at those straws, saying how much you'd love it if it fell through. You poor little mites. Is watching us rake in the cash in the top flight while you struggle on minus 10 points in Div 3 really hurting you that much? I guess it must be. By the way, if it's OK for you to say it, can I just drop into the mix that as your takeover is by no means done and dusted I hope it all falls through and that you either go out of business or get dumped into the Blue Square league. That only seems fair for me to hope given your hopes for Pompey, surely? :D

 

Who the f*** is laughing now?

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