Pompey Takeover Saga

[The9]

This makes a lot of sense. Cannot speak for the game against Millwall, but would you want a load of exceptionally p*ssed and p*ssed off Skates coming to Southampton with very, very little to lose ?

 

SMS, West Quay, Above Bar, Ikea....all likely to get a pikey facelift.

 

Yes, because that's definitely going to happen with all their fans being escorted to and from their bubble buses in a cordoned-off area surrounded by high metal walls.

[Gemmel]

Just think. They are fooked even with the remaining parchute money, imagine if had still been the normal 30 million instead (Increased in the year pompey were relegated) to 53 million.

 

 

Anyway. How does chinny get his back;

 

1) Pumps more in save it and then try and sell it

2) Club is liquidated and gets fratoon park (Well most of it)

 

android is claiming the club is sustainable, but to get to the point where it is will cost another 20 million quid and even then they will likely be a league one club, with a much lower resale value

 

The ground does have a covenant so in the short term, he is screwed, unless he rents it back to afc pompey which I imagine will net him between 1/4 and 1/2 million pounds a year.

 

I think chinnny is fooked. He played a blinder up until the russians defaulted and the judge shipped in Birch.

[pedg]

In theory pompey supporters will arrive by bus, be held back after the match and leave by bus and not get any where near the city. I dont see how they can create a riot.

 

They could 'riot' once they are together, all 4 of them, within the ground. Quite possible the more neanderthal elements could try to do as much damage as possible to the stadium?

[Sheaf Saint]

Yes, because that's definitely going to happen with all their fans being escorted to and from their bubble buses in a cordoned-off area surrounded by high metal walls.

 

That only applies to those with tickets. It's not as if the police can impose restrictions on travel to and from the city on that day for non-football fans.

[krissyboy31]

£10.8m CSI loan + £17m + another £1.2m loan seems to come to £29m. Weird.

The Skates should be grateful that these are interest free! Certainly not like Chinny that! He must be going soft!!

[pedg]

Just think. They are fooked even with the remaining parchute money, imagine if had still been the normal 30 million instead (Increased in the year pompey were relegated) to 53 million.

 

 

Anyway. How does chinny get his back;

 

1) Pumps more in save it and then try and sell it

2) Club is liquidated and gets fratoon park (Well most of it)

 

android is claiming the club is sustainable, but to get to the point where it is will cost another 20 million quid and even then they will likely be a league one club, with a much lower resale value

 

The ground does have a covenant so in the short term, he is screwed, unless he rents it back to afc pompey which I imagine will net him between 1/4 and 1/2 million pounds a year.

 

I think chinnny is fooked. He played a blinder up until the russians defaulted and the judge shipped in Birch.

 

The reason why we thought before that chinny would keep the club going was to get his hands on the remaining parachute payments. From what we know now the value of those must be less than the cost of keeping the club on life support to the point where they can be received?

[warsash saint]

What will TCWTB do when he has no club?

 

Wash ??

[Hatch]

In theory pompey supporters will arrive by bus, be held back after the match and leave by bus and not get any where near the city. I dont see how they can create a riot.

 

They could disrupt the game by invading the pitch, especially just after Lambert has completed his hat trick and we go 6-0 up.

[Wurzel]

Yes, because that's definitely going to happen with all their fans being escorted to and from their bubble buses in a cordoned-off area surrounded by high metal walls.

 

On the assumption that it was likely to be their last ever game and away to other bitter rivals I would expect at least protests, pitch invasions and possibly worse inside the stadium. Outside it, let's just say if I was of the thug type, 657 type mindset, I wouldn't even bother with the game, but the phrases "going out with a bang" and "one last big day out" would be crossing my mind.

[Lazlo78]

Obviously there was an element of luck in what happened but, to coin the old golfing adage, we went a long way to create our own luck in that our infrastructure and relatively low debt made us an attractive proposition to the right buyer. (A small ripple of applause there to a certain ex-chairman....)

 

So, I don't accept a black and white analysis of "lucky" vs "unlucky" when comparing us with Pompey.

 

Absolutely agree! I'm merely saying that in our position with a good infrastructure, fanbase etc. we were still fairly lucky to have Markus pop along and provide a "real" takeover (not just solving problems short term). If we were fairly lucky, the Skates with their much less attractive club need to be extremely, jawdroppingly, mindnumbingly lucky to pull it off

 

Edit: and my real point was that I thought a little Liebherr-love was just what the doctor prescribed

[The9]

I've been wondering about that . If TB can't see any way they could survive past mid April it could well be our game would be the last. Would be very very surprised if that was allowed to happen. To be fair to the other 23 teams the FL should be contacting them now and seek a guarantee that they can see out the season. If that can not be given then they should have their golden share removed now, all results wiped out and be given bottom place with 0 points. If they somehow manage to rescue themselves between now and season end they can restart in L1 next season as a normal relegation. If they can't, or liquidate before then, the phoenix club can reform wherever someone will have them.

 

That's not in the rules. What they say is "if the club is unable to fulfil their fixtures, their results will be expunged from the table". They can't boot someone out on the offchance they might not fulfil their fixtures, it's legally very dodgy ground.

 

Also, if they fail to fulfil their fixtures, they are removed from the League and will have to apply to be readmitted. The chances of a team failing to complete fixtures yet continuing to operate seems very slim, and if they go to the wall there's no link to the previous club, as there is with administration (hence the CVA rules).

 

As there is now a pyramid of equally worthy clubs queuing up for FL places, it would hardly be fair of the FL to reintroduce a team lower down when it had failed to complete its fixtures previously. The grey area is that pretty much every case I've seen so far has a club in the bottom division and they've been liquidated, so whether they can continue in the league if they fail to complete a season but somehow don't get liquidated is unprecedented.

 

I'm not saying your scenario isn't possible, just that on every other occasion I'm aware of not fulfilling fixtures = booted out of the League not just the division. It's extremely unlikely they will not fulfil fixtures and be able to continue as a business.

[Jimmy_D]

They could disrupt the game by invading the pitch, especially just after Lambert has completed his hat trick and we go 6-0 up.

 

Aye, that could really delay the start of the second half...

[Gemmel]

FORMER Pompey administrator Andrew Andronikou has defended his firm after it was claimed by Trevor Birch it owes the club £300,000.

Mr Andronikou, whose firm UHY Hacker Young acted as Pompey administrators in 2010, said it was owed £150,000 for its work during the previous administration through liquidators Baker Tilly.

He said: ‘When we took the job on in February 2010 we got paid 80 per cent of it in 2011, but we have been waiting two years for another 20 per cent.’

Current administrator Mr Birch said he was not aware of an agreement in place to pay former owner Sacha Gaydamak £2.2m in Premier League parachute payments.

But Mr Andronikou said: ‘Mr Gaydamak had security over the parachute payments. It’s all in the CVA document

 

Not even sure what to type

[JRM]

They could disrupt the game by invading the pitch, especially just after Lambert has completed his hat trick and we go 6-0 up.

 

if they really were about to go completely out of business than a pitch invasion wouldn't be that surprising, last time they'd play us for a generation (if AFC Skates follow wimbledon could be back in the league in 10 years) and they'd want to make a point, get the match abandoned and playing up at st marys would be the sort of thing they'd do

[krissyboy31]

Howe without Wolanin would be like Syd Little launching a solo world tour.

 

He's lost his backer, he is now a tyre-kicker.

 

Nice of Lampitt to help out, they're all so supportive, once it's too late.

What's Mickey Fialka doing these days?

[The9]

On the assumption that it was likely to be their last ever game and away to other bitter rivals I would expect at least protests, pitch invasions and possibly worse inside the stadium. Outside it, let's just say if I was of the thug type, 657 type mindset, I wouldn't even bother with the game, but the phrases "going out with a bang" and "one last big day out" would be crossing my mind.

 

Checks of everyone on the way in for anything chuckable (they can miss the kick off by 20 minutes if necessary, there are at least 2 precedents I know of), and police 5 deep in front of the away section, problem solved. Even if they rip all the seats out and start slinging them we've got great CCTV and the regular reminders that "whether you have a football club or not you will still be around to face criminal prosecution" should take the edge off for those with that mindset.

 

The other alternative is that we ban away fans on police advice. I wouldn't even mind that one too much if there was genuine intelligence about widespread criminal intentions, it's usually the Few ruining it for the others...

[Gemmel]

Marc Jackson has been far to quiet, surely he has contacted the administrator.

[The9]

Aye, that could really delay the start of the second half...

 

Bonus point for that one.

[Gorgiesaint]

Got Talksport on at the moment... David Conn of the Grauniad is on in about 5 minutes

 

Peter Storrie is on with keys & Gray on Monday at 12.00, and then gave him the build up of taking them to the cup final & then ruining them financially!

[The9]

That only applies to those with tickets. It's not as if the police can impose restrictions on travel to and from the city on that day for non-football fans.

 

No, and they could do it every other day of every other week and don't, as well.

[trousers]

FORMER Pompey administrator Andrew Andronikou has defended his firm after it was claimed by Trevor Birch it owes the club £300,000.

Mr Andronikou, whose firm UHY Hacker Young acted as Pompey administrators in 2010, said it was owed £150,000 for its work during the previous administration through liquidators Baker Tilly.

He said: ‘When we took the job on in February 2010 we got paid 80 per cent of it in 2011, but we have been waiting two years for another 20 per cent.’

Current administrator Mr Birch said he was not aware of an agreement in place to pay former owner Sacha Gaydamak £2.2m in Premier League parachute payments.

But Mr Andronikou said: ‘Mr Gaydamak had security over the parachute payments. It’s all in the CVA document

 

Not even sure what to type

 

So, AA will be attending the initial creditors meeting that Birch is duty bound to hold then.....?

 

I'd pay good money for ringside seat to that one

Edited 2 March, 2012 by trousers

[Viking Warrior]

Another song for the blue fe crumbs FC

 

[krissyboy31]

What will TCWTB do when he has no club?

Do they have a town cryer? "Oh Yeah! Oh Yeah!"

[SaintRichmond]

In theory pompey supporters will arrive by bus, be held back after the match and leave by bus and not get any where near the city. I dont see how they can create a riot.

 

 

You mean it will be controlled by the Police ??? .... fine, all in safe hands then ...... the Old Bill have a great track record of handling situations like "Big Rival" Football encouters don't they ???

 

The very reason why they would oppose such a match

[Joey-deacons-left-nut]

In theory pompey supporters will arrive by bus, be held back after the match and leave by bus and not get any where near the city. I dont see how they can create a riot.

 

Runon the pitch, smash up the stadium, kick off big style, with no club, there are very few reprecussions...

[pedg]

So, AA will be attending the initial creditors meeting that Birch is duty bound to hold then.....?

 

I'd pay good money for ringside seat to that one

 

Some say Andrew Andronikou is the best administrator, others that Trevor Birch is the best.

 

[JackFrost]

I notice Coventry have been hit by a transfer embargo

[trousers]

Got Talksport on at the moment... David Conn of the Grauniad is on in about 5 minutes

 

Conn: "Portsmouth is a big club"

 

Going on about how Antonov's arrest has left Pompey in dire straits.

[Gemmel]

So, AA will be attending the initial creditors meeting that Birch is duty bound to hold then.....?

 

Only in an csi capacity. He has trousered the other 20% that Birch is after and citing the fact he has had towait two years................ Perhaps he should have thought about that and the other creditors when he put the last CVA together.

[sidthesquid]

Come to think of it, can the city be relegated to West Sussex?

We don't bl00dy well want them! How about the IoW, or France. Or Iran.

[RedArmy]

Both Coventry and Palace have both been "hours" from liquidation.

 

I'll believe it when I see.

[SaintRichmond]

A lifelong Pompey fan, ill in bed, called his young son to his bedside, and said

"Son, our Club is in deep trouble. I'm stuck in bed, so I want you to take this bucket, and go out on the streets to collect all the money you can"

So, his son went off and was gone for hours. When he returned, his dad said "how did you get on son ? "

"Great dad" he said ... " I got so much money, I bought a new bucket "

[trousers]

In other 'Championship clubs in financial mystery' news....

 

"BIRMINGHAM will be put under a transfer embargo after breaking Football League financial rules."

 

http://www.thesun.co.uk/sol/homepage/sport/football/4166094/Birmingham-transfer-embargo.html

 

Talksport are reporting this as Coventry not Birmingham. Or maybe they're both in the same boat?

[andysstuff]

Talksport are reporting this as Coventry not Birmingham. Or maybe they're both in the same boat?

 

Reported on 5live as Cov too. I'm equally confused.

[angelman]

The Skates should be grateful that these are interest free! Certainly not like Chinny that! He must be going soft!!

 

I think you'll find that it isn't interest free. I seem to recall rather a high repayment figure of something akin to 17% (or have I got 17 on the brain!!?)

[ecuk268]

King Edward VI school, who own the fields out at Wide Lane where P*mpey train, are threatening to kick them out as they will not commit to a lease.

[Islander]

We don't bl00dy well want them! How about the IoW, or France. Or Iran.

 

No thanks - we've got enough of them over here as it is!

[Wibble]

Talksport are reporting this as Coventry not Birmingham. Or maybe they're both in the same boat?

 

Think it's both

 

http://www.birminghammail.net/news/black-country/2012/03/02/birmingham-city-club-hit-by-transfer-embargo-after-company-misses-yearly-accounts-teadline-97319-30445147/

 

Championship rivals Coventry City were also hit with a similar embargo yesterday.

 

Read More http://www.birminghammail.net/news/black-country/2012/03/02/birmingham-city-club-hit-by-transfer-embargo-after-company-misses-yearly-accounts-teadline-97319-30445147/#ixzz1nxPkFlSf

[trousers]

Think it's both

 

http://www.birminghammail.net/news/black-country/2012/03/02/birmingham-city-club-hit-by-transfer-embargo-after-company-misses-yearly-accounts-teadline-97319-30445147/

 

I'm getting a feeling in my waters that this whole football club ownership malarkey is going to fall in a heap sometime soon

[CB Saint]

The good thing here is that is seems the FL have finally got the 4rse with clubs misbehaving and are applying the laws rigorously = less wriggle room for pfc

[Lifelongsaint83]

Morning people, time for another pompey tweet that makes you think....Dear god!

 

 

John Quirk ‏ @johnquirky

 

Every football fan should be forced to donate atleast a pound tomorrow at the match, can't just let a football club stop existing #pompey

[Lifelongsaint83]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton_no_club_has_ever_had_it_so_bad_1_3580679

 

What about the clubs that have actually gone bust.....

[KK the 2nd]

Are they dead yet or are they just resting? Anyone remember the dead parrot sketch from Monty Python ... somewhat reminds of the situation down the road

 

The cast:

 

MR. PRALINE

John Cleese

SHOP OWNER

Michael Palin

 

The sketch:

 

A customer enters a pet shop.

 

Mr. Praline: 'Ello, I wish to register a complaint.

 

(The owner does not respond.)

 

Mr. Praline: 'Ello, Miss?

 

Owner: What do you mean "miss"?

 

Mr. Praline: I'm sorry, I have a cold. I wish to make a complaint!

 

Owner: We're closin' for lunch.

 

Mr. Praline: Never mind that, my lad. I wish to complain about this parrot what I purchased not half an hour ago from this very boutique.

 

Owner: Oh yes, the, uh, the Norwegian Blue...What's,uh...What's wrong with it?

 

Mr. Praline: I'll tell you what's wrong with it, my lad. 'E's dead, that's what's wrong with it!

 

Owner: No, no, 'e's uh,...he's resting.

 

Mr. Praline: Look, matey, I know a dead parrot when I see one, and I'm looking at one right now.

 

Owner: No no he's not dead, he's, he's restin'! Remarkable bird, the Norwegian Blue, idn'it, ay? Beautiful plumage!

 

Mr. Praline: The plumage don't enter into it. It's stone dead.

 

Owner: Nononono, no, no! 'E's resting!

 

Mr. Praline: All right then, if he's restin', I'll wake him up! (shouting at the cage) 'Ello, Mister Polly Parrot! I've got a lovely fresh cuttle fish for you if you

show...

 

(owner hits the cage)

 

Owner: There, he moved!

 

Mr. Praline: No, he didn't, that was you hitting the cage!

 

Owner: I never!!

 

Mr. Praline: Yes, you did!

 

Owner: I never, never did anything...

 

Mr. Praline: (yelling and hitting the cage repeatedly) 'ELLO POLLY!!!!! Testing! Testing! Testing! Testing! This is your nine o'clock alarm call!

 

(Takes parrot out of the cage and thumps its head on the counter. Throws it up in the air and watches it plummet to the floor.)

 

Mr. Praline: Now that's what I call a dead parrot.

 

Owner: No, no.....No, 'e's stunned!

 

Mr. Praline: STUNNED?!?

 

Owner: Yeah! You stunned him, just as he was wakin' up! Norwegian Blues stun easily, major.

 

Mr. Praline: Um...now look...now look, mate, I've definitely 'ad enough of this. That parrot is definitely deceased, and when I purchased it not 'alf an hour

ago, you assured me that its total lack of movement was due to it bein' tired and ****ged out following a prolonged squawk.

 

Owner: Well, he's...he's, ah...probably pining for the fjords.

 

Mr. Praline: PININ' for the FJORDS?!?!?!? What kind of talk is that?, look, why did he fall flat on his back the moment I got 'im home?

 

Owner: The Norwegian Blue prefers keepin' on it's back! Remarkable bird, id'nit, squire? Lovely plumage!

 

Mr. Praline: Look, I took the liberty of examining that parrot when I got it home, and I discovered the only reason that it had been sitting on its perch in the

first place was that it had been NAILED there.

 

(pause)

 

Owner: Well, o'course it was nailed there! If I hadn't nailed that bird down, it would have nuzzled up to those bars, bent 'em apart with its beak, and

VOOM! Feeweeweewee!

 

Mr. Praline: "VOOM"?!? Mate, this bird wouldn't "voom" if you put four million volts through it! 'E's bleedin' demised!

 

Owner: No no! 'E's pining!

 

Mr. Praline: 'E's not pinin'! 'E's passed on! This parrot is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e

rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies! 'Is metabolic processes are now 'istory! 'E's off the twig! 'E's kicked the

bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisibile!! THIS IS AN EX-PARROT!!

 

(pause)

 

Owner: Well, I'd better replace it, then. (he takes a quick peek behind the counter) Sorry squire, I've had a look 'round the back of the shop, and uh,

we're right out of parrots.

 

Mr. Praline: I see. I see, I get the picture.

 

Owner: I got a slug.

 

(pause)

 

Mr. Praline: Pray, does it talk?

 

Owner: Nnnnot really.

 

Mr. Praline: WELL IT'S HARDLY A BLOODY REPLACEMENT, IS IT?!!???!!?

 

Owner: N-no, I guess not. (gets ashamed, looks at his feet)

 

Mr. Praline: Well.

 

(pause)

 

Owner: (quietly) D'you.... d'you want to come back to my place?

 

Mr. Praline: (looks around) Yeah, all right, sure.

[Pedro]

Think it's both

 

http://www.birminghammail.net/news/black-country/2012/03/02/birmingham-city-club-hit-by-transfer-embargo-after-company-misses-yearly-accounts-teadline-97319-30445147/

 

A day after they bring in three players including Hughton junior.

[Saint Mikey]

A day after they bring in three players including Hughton junior.

 

That was remarkably convenient, and proof that it's not just Pompey that the FL bend the rules for - as much as I hate saying it!

[Trader]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton_no_club_has_ever_had_it_so_bad_1_3580679

 

What about the clubs that have actually gone bust.....

 

Indeed, Bradford Park Avenue (ex 1st Division club) were liquidated in 1974.

 

Just to cheer Pompey fans up, the reformed club has only taken 38 years to make it all the way back to the Northern Premier League.

[Lifelongsaint83]

Indeed, Bradford Park Avenue (ex 1st Division club) were liquidated in 1974.

 

Just to cheer Pompey fans up, the reformed club has only taken 38 years to make it all the way back to the Northern Premier League.

 

See! Things are not all doom and gloom...

[badgerx16]

Stoke City Council are applying to place Port Vale into administration. The club is currently under an HMRC Winding Up Petition.

[Ampersound]

What will TCWTB do when he has no club?

 

Get more tats done putting AFC on

[Jimmy_D]

Howe's bid is very similar to Pinnacle's now.

 

The money behind the fan front is gone, and now the fan's just left there wanting to do something, anything to try and save the club, but not able to do anything.