View From The Top Posted 26 February, 2012 Share Posted 26 February, 2012 That's next years parachute payments advanced then. They'll finish the season, the FL will not have the bottle - they'll do all they can to keep them running until may. Suggestion I've heard from the dark end of the M27, but I have no idea of its validity, is that if, and apparently it is a genuine if, they are entitled to anymore parachute payments, that getting them advanced would be on the condition of extra points deducted. As I said, the validity is open to conjecture but the skate who told me this seems clued up and genuine. Link to comment Share on other sites More sharing options...
S-Clarke Posted 26 February, 2012 Share Posted 26 February, 2012 Suggestion I've heard from the dark end of the M27, but I have no idea of its validity, is that if, and apparently it is a genuine if, they are entitled to anymore parachute payments, that getting them advanced would be on the condition of extra points deducted. As I said, the validity is open to conjecture but the skate who told me this seems clued up and genuine. Well that would only be fair tbh. Let's hope that's true if it happens. Link to comment Share on other sites More sharing options...
Crab Lungs Posted 26 February, 2012 Share Posted 26 February, 2012 Oh dear. I can answer this. All parachute payments until 2014 are already taken. The first to S Gaydamac his bribe to agree the last cva, this is already known and not a secret. TB has asked for 2014 parachute payments, but the PL do not YET have a media sponsorship deal in place so are not prepared to release funds they do not already have. They will of course get a deal but it is unknown what it will be. We all know that they are money driven and will certainly not pay out what they do not yet have. TB did say that he has asked anyway but was not that confident he would get it. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 26 February, 2012 Share Posted 26 February, 2012 Suggestion I've heard from the dark end of the M27, but I have no idea of its validity, is that if, and apparently it is a genuine if, they are entitled to anymore parachute payments, that getting them advanced would be on the condition of extra points deducted. As I said, the validity is open to conjecture but the skate who told me this seems clued up and genuine. I'm struggling with this oxymoron. Let's hope he's right though and the condition is carefully worded. Something like "we'll advance you £XXXX if you take a 20 points deduction. However, if you would have been relegated irregardless of that deduction then the points get applied next season" Link to comment Share on other sites More sharing options...
rallyboy Posted 26 February, 2012 Share Posted 26 February, 2012 the skate who told me this seems clued up and genuine. 1126 pages in and that's the first time I've seen those words in that order. If Birch needs a million plus put on the table he needs one of Howe's minted mates to cough it up. Trouble is you want some guarantees for that sort of amount, and no guarantee can be offered - nor can it be seen as a deposit for a slightly-troubled business that can be turned round. The best person to cough up that sort of money without too many questions is a loan shark - or someone with dirty cash to clean. And that's the cul-de-sac they've driven up. In financial terms this is called being in a little bit of a pickle. Link to comment Share on other sites More sharing options...
View From The Top Posted 26 February, 2012 Share Posted 26 February, 2012 Oh dear. Where did you read this Crabby lad? Link to comment Share on other sites More sharing options...
Crab Lungs Posted 26 February, 2012 Share Posted 26 February, 2012 (edited) Where did you read this Crabby lad? PompeyOnline. For a few of the more coherent ones, the penny has dropped. Proper LOL at them suggesting an "administration friendly" with Rangers though! Edited 26 February, 2012 by Crab Lungs Link to comment Share on other sites More sharing options...
View From The Top Posted 26 February, 2012 Share Posted 26 February, 2012 PompeyOnline. For a few of the more coherent ones, the penny has dropped. Proper LOL at them suggesting an "administration friendly" with Rangers! So that may be why the skate said "if" they can get anymore forwarded. Interesting. Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 26 February, 2012 Share Posted 26 February, 2012 I find it completely bewildering that a professional administrator has basically admitted to the fans that he needs to find somewhere between £1-2m before April (i.e. in the next 8 weeks), and he is asking for suggestions from the fans...... You can't magically start playing more games, you are outside of the normal transfer window so can't sell anyone, you could cancel everyone's contract, but due to the absurd football creditor rule, this doesnt save you a penny..... If you haven't got the money, are you not obligated to put the closed sign up? As proven against Leeds, the pack the park effort added perhaps 2,000 bums onto Fratton Park seats, which at the discounted ticket price would need to be repeated a dozen times to get close to the April shortfall. They would be clutching at straws, if anyone could point them in the direction of a straw Link to comment Share on other sites More sharing options...
Trader Posted 26 February, 2012 Share Posted 26 February, 2012 The bare fact is that TB needs £1/2m by April or the club will be liquidated. He asked for any ideas on how to raise funds from the fan base. Obviously pack the park is one but other ideas and fund raising schemes will be needed to help. Every penny goes to the club and it’s rescue. Anybody know if £1/2m means £1 to 2million or half a million? Could be either. Stupid skate can't even make that clear. Link to comment Share on other sites More sharing options...
View From The Top Posted 26 February, 2012 Share Posted 26 February, 2012 So they need £1m to limp on past April. As for long term....... Link to comment Share on other sites More sharing options...
Saintandy666 Posted 26 February, 2012 Share Posted 26 February, 2012 I just don't understand why anyone would buy Portsmouth. Their debt is so huge. With us, our debt for a rich person wasn't completely ridiculous... once cleared a clear opportunity for profit was there as it wasn't TOO big. But with portsmouth... it's just totally ridiculous. How could an investor ever wish to make money back?! Link to comment Share on other sites More sharing options...
Colinjb Posted 26 February, 2012 Share Posted 26 February, 2012 The bare fact is that TB needs £1/2m by April or the club will be liquidated. He asked for any ideas on how to raise funds from the fan base. Obviously pack the park is one but other ideas and fund raising schemes will be needed to help. Every penny goes to the club and it’s rescue. Anybody know if £1/2m means £1 to 2million or half a million? Could be either. Stupid skate can't even make that clear. Says a lot that a potential difference of 2 million pounds means very little to the vermin... Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 26 February, 2012 Share Posted 26 February, 2012 Not sure that All parachute payments until 2014 are already taken actually makes any sense. We know that they have just received an advance of about £1m on the payment that was due shortly - so has that gone to Gaydemak? To answer my own question, I doubt it because I expect TB is using every last penny that was frozen in their bank account to keep the club afloat. So what arrangement is in place to pay Sasha his money? Surely TB would tell him to stick it and join HMRC in the CVA? Unless... if they had to bribe Sasha to agree the CVA, I would doubt the legality of that so TB has no obligation to honour something that is illegal, and if any proof came to light, I would expect him to be talking to authorities straightaway as that will involve Admin Andy. So most likely, it may be something that they had in place which has now been thrown out by the new administration and the subsequent appointment of TB. If I was a cynical man, I might suggest that this cosy arrangement, if true, is one of the reasons why Chainrai was so keen to get Admin Andy back on the case. Chainrai and Gaydemak colluding with each other, who would have thought of that?! No one's mentioned money laundering for while, have they? Link to comment Share on other sites More sharing options...
Wurzel Posted 26 February, 2012 Share Posted 26 February, 2012 The bare fact is that TB needs £1/2m by April or the club will be liquidated. He asked for any ideas on how to raise funds from the fan base. Obviously pack the park is one but other ideas and fund raising schemes will be needed to help. Every penny goes to the club and it’s rescue. Anybody know if £1/2m means £1 to 2million or half a million? Could be either. Stupid skate can't even make that clear. The way their finances work it could well be half a million at the time of writing but £2million by the time of reading Link to comment Share on other sites More sharing options...
St. Neil Posted 26 February, 2012 Share Posted 26 February, 2012 I think that figure is £1/2 million as in £500k thats what they need but on top of any other income and players agreeing to defer wages. Thats what I got from reading POL And finally the reason why Kev the kitman is on big money is because he is ex special forces and acts as team security while on the road as well as washing pants. Jesus wept Link to comment Share on other sites More sharing options...
Dark Munster Posted 27 February, 2012 Share Posted 27 February, 2012 I'm struggling with this oxymoron. Let's hope he's right though and the condition is carefully worded. Something like "we'll advance you £XXXX if you take a 20 points deduction. However, if you would have been relegated irregardless of that deduction then the points get applied next season" I'd prefer this careful wording: "We'll advance you £XXXX if you take a 50 points deduction. This will of course mean certain relegation. So, to give you an incentive to give your best in all remaining games, any negative points remaining at the end of this season get applied next season." Link to comment Share on other sites More sharing options...
Minsk Posted 27 February, 2012 Share Posted 27 February, 2012 (edited) I find it completely bewildering that a professional administrator has basically admitted to the fans that he needs to find somewhere between £1-2m before April (i.e. in the next 8 weeks)' date=' and he is asking for suggestions from the fans......[/quote'] Before April would make it in under 5 weeks time. But they do have 4 home matches in that time. Edited 27 February, 2012 by Minsk Link to comment Share on other sites More sharing options...
dvaughanwilliams Posted 27 February, 2012 Share Posted 27 February, 2012 So they need £500k: -average attendance 14,500. So everyone sticks £35 in a bucket? -fine TBH 12 weeks wages? -or they could arrange to loan out Ward and Pearce to Ipswich, with a loan fee of £1m, with an option on a free transfer when the transfer window opens? Then West Brom could send them a couple more sympathy loans until they can officially change their name to West Brom reserves. Link to comment Share on other sites More sharing options...
Minsk Posted 27 February, 2012 Share Posted 27 February, 2012 So the fiver off managed to attract around an extra 3000 bums on seats. At £20 eac (the reduced ticket price) this makes £60k. However, as they have to offer those who had already bought their tickets £5 off of another this could cost them 11500x5 = £57500. So a profit of £2.5k Still, in their position I guess every little helps (and only another £15.5k to find in order to get their OS working again!) Link to comment Share on other sites More sharing options...
Winchester Red Posted 27 February, 2012 Share Posted 27 February, 2012 I thought this was a standard administrator tactic at football clubs. Get your feet under the table and then tell the fans you need another £0.5m to survive and then hope some fan will put up the money. It improves the overall situation for creditors. How much did LC put in to 'save' us? Oh yes, £0.5M Link to comment Share on other sites More sharing options...
rallyboy Posted 27 February, 2012 Share Posted 27 February, 2012 I'm surprised Mr Birch needs ANY additional money as this was discussed at court. They wouldn't have dodged liquidation without explaining how administration was going to be funded... Did their figures not quite stack up after all? I blame other people, they should sue someone, it's not fair. I bet there's a leaked email about banks getting together and being nasty to them as well. Any sign of the underwater leather sale consortium? The kitman's son who I see socially every few weeks, tells me that they are minted, we are talking billions from Kuwait, or somewhere else in that part of China, the Mr Clive Harbourdome will be just the start. Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 27 February, 2012 Share Posted 27 February, 2012 The reason why Kev the kitman is on big money is because he is ex special forces. I don't think he was. He's a former Royal Marine, nothing more (although I wouldn't want to belittle the Marines). He boxed for Wales in the 1990 Commonwealth Games in Auckland. He didn't even need to take part in a box-off to get into the team, he was the only Welsh boxer over the 13st weight limit. He lost in his first contest and so the rest of the games became an all-expenses paid holiday for him. Link to comment Share on other sites More sharing options...
saintjay77 Posted 27 February, 2012 Share Posted 27 February, 2012 So the fiver off managed to attract around an extra 3000 bums on seats. At £20 eac (the reduced ticket price) this makes £60k. However, as they have to offer those who had already bought their tickets £5 off of another this could cost them 11500x5 = £57500. So a profit of £2.5k Still, in their position I guess every little helps (and only another £15.5k to find in order to get their OS working again!) You would assume that many of them would of taken the £5 off the Leeds game so wouldn't get another discount for the next match. Figures still don't add up to anything that's going to save them but still Link to comment Share on other sites More sharing options...
andysstuff Posted 27 February, 2012 Share Posted 27 February, 2012 £500,000 shortfall till April, isn't that the exact figure Chanari tried to bribe the judge with if he would make AA administrator again? Link to comment Share on other sites More sharing options...
Toomer Posted 27 February, 2012 Share Posted 27 February, 2012 PompeyOnline. For a few of the more coherent ones, the penny has dropped. Proper LOL at them suggesting an "administration friendly" with Rangers though! Quick question, where would the money come from to get Pompey to Glasgow or Rangers to Portsmouth? Link to comment Share on other sites More sharing options...
Lets B Avenue Posted 27 February, 2012 Share Posted 27 February, 2012 Quick question, where would the money come from to get Pompey to Glasgow or Rangers to Portsmouth? The Taxpayer? Link to comment Share on other sites More sharing options...
Ken Tone Posted 27 February, 2012 Share Posted 27 February, 2012 The bare fact is that TB needs £1/2m by April or the club will be liquidated. He asked for any ideas on how to raise funds from the fan base. Obviously pack the park is one but other ideas and fund raising schemes will be needed to help. Every penny goes to the club and it’s rescue. Anybody know if £1/2m means £1 to 2million or half a million? Could be either. Stupid skate can't even make that clear. I had the same thought. Eventually came to the conclusion it was £0.5 million. The administrator surely would not have been so imprecise as to say 1 to 2 million. 'By april' may well be vague though. This could mean that Birch has sorted things to just about get to the end of the season , but then in April, with no more gate receipts coming in, and the players' deferred (not 'cut') wages coming home to roost, they will be scuppered. Link to comment Share on other sites More sharing options...
Ken Tone Posted 27 February, 2012 Share Posted 27 February, 2012 So the fiver off managed to attract around an extra 3000 bums on seats. At £20 eac (the reduced ticket price) this makes £60k. However, as they have to offer those who had already bought their tickets £5 off of another this could cost them 11500x5 = £57500. So a profit of £2.5k Still, in their position I guess every little helps (and only another £15.5k to find in order to get their OS working again!) Yeah. I did the sums before the match. It makes no direct financial sense unless they really do 'pack the park', but birch will be reasonably happy if it loses him nothing and gets a 'poor pompey; how can we give them money' feeling going in the city. And in fact they didn't get many extra. Bear in mind that there were 3000 Leeds fans there , and that's just the ones in the away end What this has shown is that they only have about 13-14k reasonably loyal fans at the moment ..no more. That may well sink lower yet of course. Link to comment Share on other sites More sharing options...
suewhistle Posted 27 February, 2012 Share Posted 27 February, 2012 This could mean that Birch has sorted things to just about get to the end of the season , but then in April, with no more gate receipts coming in, and the players' deferred (not 'cut') wages coming home to roost, they will be scuppered. Until West Ham, in a panic over losing points and automatic promotion if they go pop, drop them an anonymous million in a brown envelope... Link to comment Share on other sites More sharing options...
Crab Lungs Posted 27 February, 2012 Share Posted 27 February, 2012 Quick question, where would the money come from to get Pompey to Glasgow or Rangers to Portsmouth? Get this.. they were suggesting putting the players up in fans' homes... Could just imagine Sone Aluko sharing a sprite with TCWTB Link to comment Share on other sites More sharing options...
Truckasaurus Posted 27 February, 2012 Share Posted 27 February, 2012 "£1/£2 million".......how come TB doesn't know EXACTLY how much is needed. Yes a few quid here and there but between 1 and 2 million,(someone buy him a new calculator) 17,000 ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha (the letters "lol" are too gay) Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 27 February, 2012 Share Posted 27 February, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/timely_return_for_etuhu_1_3564693 The FL must be all poopey fans....yet another player on loan allowed to re sign.... Are you watching Doncaster,Coventry,Notts Forest...etc Link to comment Share on other sites More sharing options...
angelman Posted 27 February, 2012 Share Posted 27 February, 2012 I can't understand Poopey's thinking here. They are trying to stay in nPC. Surely for them, it would be so much better to drop a division. All those wasters on huge wages, would then leave and they could try and get things back on track. As it is, I can only think that they are doing this to try and attract a buyer. Does it really make that much difference whether they are in L1 or nPC? Link to comment Share on other sites More sharing options...
qwertySFC Posted 27 February, 2012 Share Posted 27 February, 2012 Birch and his sudden gushing of love for all down the road and they all fall for it - Get the fans onside - be their mate - and then when nothing is done and they become liquidated he can say I done my best and the fans will fall for the oldest PR trick in the book - Link to comment Share on other sites More sharing options...
trousers Posted 27 February, 2012 Share Posted 27 February, 2012 Birch and his sudden gushing of love for all down the road and they all fall for it - Get the fans onside - be their mate - and then when nothing is done and they become liquidated he can say I done my best and the fans will fall for the oldest PR trick in the book - Have they twigged yet that agent Birch was lined up to be Saints chairman 5 years ago? Link to comment Share on other sites More sharing options...
Colinjb Posted 27 February, 2012 Share Posted 27 February, 2012 Have they twigged yet that agent Birch was lined up to be Saints chairman 5 years ago? Come again..... Link to comment Share on other sites More sharing options...
Weston Saint Posted 27 February, 2012 Share Posted 27 February, 2012 Not Chairman, Trousers, Chief Executive but he wanted £300,000 a year with liquidity garantees if I remember right. It was not in the public domain though. Link to comment Share on other sites More sharing options...
DS Posted 27 February, 2012 Share Posted 27 February, 2012 With the news that they need at least half a million to get to April, it looks increasingly likely that our fishy friends down the road are going to bottle the trip to St Mary's by going out of existence. Bless 'em, its nice of them to make sure that they will gift a 5 point loss for our nearest rivals in the league if they do bottle it. All together now: So long and thanks for all the fish So sad that it should come to this We tried to warn you all but oh dear You may not share our intellect Which might explain your disrespect For all the natural wonders that grow around you So long, so long and thanks for all the fish Link to comment Share on other sites More sharing options...
qwertySFC Posted 27 February, 2012 Share Posted 27 February, 2012 Have they twigged yet that agent Birch was lined up to be Saints chairman 5 years ago? Trousers - wouldn't that just be so cool lol...... Anyone with an once of business credibility would recognise that the task involved to "save" the web fingered few is just to much of an ask. If it was an attractive business to invest in I believe it would have been done and dusted by now - Football clubs are a money gushing business and the only true cash is made in the premier league - they are years away from this, the ground is falling apart, the development of an academy is a pipe dream , their credit rating must be zero, they have so little to offer - oh apart from "The bestest Fans" all 14,500 of them who really showed themselves up on Saturday , I notice the at the News has distanced itself from this as I think they realise it's never going to happen - It only sales out when the big clubs turn up. The whole situation is becoming more cringeworthy every day, players rolled out to give up-beat interviews, working in the ticket office, making a video wow - What has happened to the local MP - she seems to have side stepped away now she has had her 5 mins of "fame" What is Cameron doing to "help all he can" Everyone who "claims" to be doing their best are in fact doing their best for themselves for a quick bit of publicity - Birch I believe knows the whole farce is going down big time and his professional credibility has to be left in tact - maybe he has seen what a tarnished reputation the previous people had - as one of the biggest issues was lack of communication with the fans - so Birch meets them .. Brownie Point 1 , Cuts the cost of attending a game, Brownie point 2 , Fules their delusion of best fans, Brownie point 3 , terminates the contract of the CEO, Brownie point 4 When the final outcome arrives that the club cannot be saved an i really do believe this will happen - Birch can walk away with 14,500 people saying what a top bloke he done his best , but the debt was to much due to the numerous years of poor business - It's not Birchs fault - he done what he could - Link to comment Share on other sites More sharing options...
trousers Posted 27 February, 2012 Share Posted 27 February, 2012 Not Chairman, Trousers, Chief Executive but he wanted £300,000 a year with liquidity garantees if I remember right. It was not in the public domain though. Ah, OK. My bad(ish) recollection of what someone posted on here the day Birch got the Admin job for Pompey. Link to comment Share on other sites More sharing options...
holepuncture Posted 27 February, 2012 Share Posted 27 February, 2012 Sounds like Neil Warnock had a rough time on Saturday with them plucky cheats bending the rules once again “McCormack’s shot was a metre over the line. It’s embarrassing really when you see it. It’s not even close. “I’ve asked the official and he said he was in line about 12 yards away. He obviously didn’t see it. Unlucky Neil, but this is how poopey do things down this way: What has happened to the local MP - she seems to have side stepped away now she has had her 5 mins of "fame" What is Cameron doing to "help all he can" When the final outcome arrives that the club cannot be saved an i really do believe this will happen - Birch can walk away with 14,500 people saying what a top bloke he done his best , but the debt was to much due to the numerous years of poor business - It's not Birchs fault - he done what he could - Miss Money Penny has been involved in the occupy fratton with TCWTB and as such has not left nottarf yet and is unable to bleat her spin and politico nonsense on social media... Last bleat was on Feb 17th, the day they defeated Chainrai ...(for a month or two.) Self interest serving slag, typical poopey! And qwerty, I think you are spot on about Birchy-boy and his brownie points judging by his hairs on neck gushing thankyou to the skates, who flocked in their droves to earn the club an additional £2.5k to see Ben Haim through to lunchtime today. http://www.bbc.co.uk/sport/0/football/17177666 "This is a special club with special supporters and I'm going to do everything I possibly can to save it. "I'd been told that the supporters would get back behind the club, but I didn't expect anything like this. Unless he is being sarcastic with didnt expect anything like this? Perhaps he is absolutely fuming that so phew rolled up to contribute to Liams £20k wage demands for one of the biggest games of the season.... Drastically reduced tickets all over the ground, three thousand Leeds packing the parks away end... and only 14,500 home supporters come along to celebrate the death of chinny (for a month or two)... So how are we going to help the skates raise £0.5m so that they can come to our plaice in april? Perhaps we could loan them some money, secured against the Moneyfields fc stadium - that would be funny. Could we lend them that coffin we had for Lowe? Albsolutely classic... PMSL... all over the floor Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 27 February, 2012 Share Posted 27 February, 2012 Albsolutely classic... PMSL... all over the floor Perhaps Mr Birch should hire the Pompey evening news to be his new accountants? According to them, over 500 people stayed in after the game to 'occupy fortress fratton'. It's been a while since I did 'counting' at skool, but I make it about 100 people there. The photo is a little grainy so I could be wrong.... Perhaps the news are including the 400 part time staff still left at the club in their figures to bulk up the numbers? Link to comment Share on other sites More sharing options...
tony13579 Posted 27 February, 2012 Share Posted 27 February, 2012 (edited) I made it 141 and TCWTB Edited 27 February, 2012 by tony13579 Link to comment Share on other sites More sharing options...
badgerx16 Posted 27 February, 2012 Share Posted 27 February, 2012 I made it 141 and TCWTB I think it's just one extended family who couldn't go home as the caravan's been repossessed. Link to comment Share on other sites More sharing options...
spyinthesky Posted 27 February, 2012 Share Posted 27 February, 2012 I think it's just one extended family who couldn't go home as the caravan's been repossessed. This comment needs a link to the photo of the Pompey caravan parked up on a trailer in Millbrook Rd!! Link to comment Share on other sites More sharing options...
holepuncture Posted 27 February, 2012 Share Posted 27 February, 2012 I made it 141 and TCWTB Link to comment Share on other sites More sharing options...
trousers Posted 27 February, 2012 Share Posted 27 February, 2012 I suppose it could be worse for Pompey.... http://www.bbc.co.uk/news/uk-scotland-17180059 Rangers have been fined £50,000 by the Plus stock exchange for failing to disclose owner Craig Whyte had been previously disqualified as a director. Link to comment Share on other sites More sharing options...
tony13579 Posted 27 February, 2012 Share Posted 27 February, 2012 The latest attempt to pack the park.... http://www.pompeytrust.com/index.php?option=com_content&view=article&id=378%3Aqpay4apalq-ticket-scheme-launched&catid=34%3Ademo-category Link to comment Share on other sites More sharing options...
rshephard3 Posted 27 February, 2012 Share Posted 27 February, 2012 Didn't expect anything like it? What, 14500 gypsies filing into Fratton to make their.. Wait for it.. 3rd highest home attendance of the season. Classic stuff. I can only assume this is a joke. He'll make a big whack of a pay day out of this and doesn't want to be the big bad enemy in the next few months so I can see why he said this but at least say something that COULD be sincere! 'fans, staff and players should be genuinely proud'.. Excellent amusement. I'm relishing every little bit of media coverage that comes out of that hell hole. Is it in a bitter twisted, want them to suffer way you may ask? F**king yes. Link to comment Share on other sites More sharing options...
Recommended Posts