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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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ottery st mary

ottery st mary

Posted
Posted
I thought they were off to Liss Athletic (?)

 

Sir Peter... said he was going to take over at Pompey .....:rolleyes:

 

He was asked if he was taking the ****s and that got misheard as Liss;)

 

Therein lies the confusion:)

 

To be honest ..he has been seen walking around the Moneyfields ground a few times lately:p

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saintjay77

saintjay77

Posted
Posted
Whilst I was not a lowe fan, I can't agree with that.

 

I admit it never felt like it at the time (With the exception of the cup final and Romania) but we acheived something (For a sustained period of time) that other clubs would have died for. We were a self fiananced mid table team in one of the top teams in the league.

 

Lowe wasn't prepared to borrow and chase the dream. Michael Wilde was and the rest is history.

 

As it happens I wouldn't change a single thing and the ultimate outcome and last three years of football (results) have been the best in my lifetime, with the potential of going even further.

 

Anyway, to get it back on topic..........They are still ****e, they are still skint and they are still fooked.

Thats how I see it too.

 

Glad he has gone as he was a pompous tw!at but in a small way I am glad he ran us the way he did as it left the door open for a serious investor to take over when it all went to the dogs.

 

I would of rather had someone come in and buy the lot the year after our FA cup run but between Lowe, Wilde, Crouch and various other fractions it was never going to happen as someone would always block it for the others.

 

Best solution all round was administration that booted them all out. Problem gone and future secured.

 

Thats the only change in my view. At the time I didn't want admin as our fishy friends are proving, it's not a garaunteed fix.

 

Anyway, this thread is to laugh.... Sorry, discuss our fish few down the road and how swimmingly their take-over is going. :D

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Frank's cousin

Frank's cousin

Posted
Posted

NOt interested in pushing on with the Lowe issue.... but on a principle, what is this fabled 'investment' that we should have pursued?

 

Free money? Gifts? as surely this is the only way of doing it without increasing liabilities in chasing a dream? Pompey are a classic case of letting the owners 'invest' new money - money they did not have and had to borrow from banks - or money they want and always wanted back (perhaps a shade cleaner :p) ....

 

The Liebherr estate recently demonstrated perhaps what true 'investment' is - money provided to drive growth and increase the VALUE of the asset. Buy for 13 mil, invest 20mil and see the asset grow from 13 mil to 60mil... good business. But this is rare and only really possible when you conside that the core infrastructure was in place and we were priced reasonably - so growth was possible with a realistic investment level.

 

Think about it, Unless you are the 'hobby' of someone throwing his kids inheritance away, there is simply no value in general in 'investing' in football - there are never the returns to make it a sound business practice... its why NC has said we must be self sustainable in the prem.

 

Many do chastise Lowe for not attracting investment - can someone pleas explain how he wa smeant to convince rich folks to gift the club 30-40mil or so, and continue to do so each year (to cover the hiddeous wages) withoutr eithyer 100% equity or a rewasonable return that would not have been affordable?

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holepuncture

holepuncture

Posted
Posted
Anyway, this thread is to laugh.... Sorry, discuss our fish few down the road and how swimmingly their take-over is going. :D

 

Ladies, Gents... 1285 pages in from the day Markus came in to invest real money into our club, now is not the time to start foaming over Lowe!

 

 

Congratulations to the fratton faithful on the 30k for shamelessly promoting a utility company, shame it couldnt be spent clearing the charities!

 

 

Absolutely sickening.

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Minsk

Minsk

Posted
Posted
NOt interested in pushing on with the Lowe issue.... but on a principle, what is this fabled 'investment' that we should have pursued?

 

Free money? Gifts? as surely this is the only way of doing it without increasing liabilities in chasing a dream? Pompey are a classic case of letting the owners 'invest' new money - money they did not have and had to borrow from banks - or money they want and always wanted back (perhaps a shade cleaner :p) ....

 

The Liebherr estate recently demonstrated perhaps what true 'investment' is - money provided to drive growth and increase the VALUE of the asset. Buy for 13 mil, invest 20mil and see the asset grow from 13 mil to 60mil... good business. But this is rare and only really possible when you conside that the core infrastructure was in place and we were priced reasonably - so growth was possible with a realistic investment level.

 

Think about it, Unless you are the 'hobby' of someone throwing his kids inheritance away, there is simply no value in general in 'investing' in football - there are never the returns to make it a sound business practice... its why NC has said we must be self sustainable in the prem.

 

Many do chastise Lowe for not attracting investment - can someone pleas explain how he wa smeant to convince rich folks to gift the club 30-40mil or so, and continue to do so each year (to cover the hiddeous wages) withoutr eithyer 100% equity or a rewasonable return that would not have been affordable?

 

FC,

 

Please, please, please do not ruin this epic thread by making numerous pages of it a debate about Lowe. We have had so many of those in the past that we all know how and where they end. If you honestly and truthfully want to discuss your points above PLEASE cut and paste into a new thread.

 

Thank you.

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Minsk

Minsk

Posted
Posted
In this case,no news IS bad news. It's oh so quiet.

 

Does anybody know how much money is being spent every day while Trev keeps the corpse alive.I'm sure the creditors would be interested.This cannot be in the interest of anyone to keep spending money,no income,no player sales.What the f**k is Trevor doing?

 

Wind 'em up you c**t

 

God bless Bjork,she is lovely

 

That is a very good question.

 

Trev is clearly only keeping them going right until the very last penny is gone as each and every day they are still going he and his company make more money!

 

This is plain wrong, IMO.

 

But, then again, whether hen liquidates now or in 6 weeks time any monies raised will only go to Chinny. So I guess the only real difference is how much more of my life I am going to waste on this thread!!

 

The worrying thing for me is that the creditors meeting is on the 25th and I go on holiday - for 4 weeks, with next to no inter-net connection - early morning on the 26th. I will undoubtedly have at least 50 pages to catch up with when I get back from holiday. So I guess I had better keep a few days clear in my diary upon my return!!!!!!!

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SaintRichmond

SaintRichmond

Posted
Posted
Whilst I was not a lowe fan, I can't agree with that.

 

I admit it never felt like it at the time (With the exception of the cup final and Romania) but we acheived something (For a sustained period of time) that other clubs would have died for. We were a self fiananced mid table team in one of the top teams in the league.

 

Lowe wasn't prepared to borrow and chase the dream. Michael Wilde was and the rest is history.

 

As it happens I wouldn't change a single thing and the ultimate outcome and last three years of football (results) have been the best in my lifetime, with the potential of going even further.

 

Anyway, to get it back on topic..........They are still ****e, they are still skint and they are still fooked.

 

 

OK, I read all that, but, please tell me WHEN did Lowe ever attract INVESTMENT into the Club, ie people with MONEY to put into the Club, and drive it forward

 

IMHO, he didn't, because it was run as a One Man outfit ... ie LOWE

 

Because of his own personnal self agenda, he lost us the most logical siting of a new complex ( Stoneham ), and was very luckily bailed out by Southampton giving him access to an out of the way, not easy to get to on at least two sides, piece of land, that now boasts the great Stadium that St Mary's is

 

Stevie Wonder and Ray Charles could have run that project, because they would not have been interested in how easy it would be to get to it

 

Lowe was a disater from day one, and at the time, I predicted as much

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Minsk

Minsk

Posted
Posted
OK, I read all that, but, please tell me WHEN did Lowe ever attract INVESTMENT into the Club, ie people with MONEY to put into the Club, and drive it forward

 

IMHO, he didn't, because it was run as a One Man outfit ... ie LOWE

 

Because of his own personnal self agenda, he lost us the most logical siting of a new complex ( Stoneham ), and was very luckily bailed out by Southampton giving him access to an out of the way, not easy to get to on at least two sides, piece of land, that now boasts the great Stadium that St Mary's is

 

Stevie Wonder and Ray Charles could have run that project, because they would not have been interested in how easy it would be to get to it

 

Lowe was a disater from day one, and at the time, I predicted as much

 

SR,

 

Please, please, please do not let this thread become another Lowe one.

 

Thanks.

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alpine_saint

alpine_saint

Posted
Posted
Whilst I was not a lowe fan, I can't agree with that.

 

I admit it never felt like it at the time (With the exception of the cup final and Romania) but we acheived something (For a sustained period of time) that other clubs would have died for. We were a self fiananced mid table team in one of the top teams in the league.

 

Lowe wasn't prepared to borrow and chase the dream. Michael Wilde was and the rest is history.

As it happens I wouldn't change a single thing and the ultimate outcome and last three years of football (results) have been the best in my lifetime, with the potential of going even further.

 

Anyway, to get it back on topic..........They are still ****e, they are still skint and they are still fooked.

 

This line is just so disingenuous. Jesus.

 

Its completely unfair to blame administration on Wilde alone. The wheels were in motion from when we were relegated from the PL following a couple of p*ss-poor management appointments. Wilde and co. took a gamble and tried to get us back up quickly. Yes, that version of the club died quicker, but it doesnt mean the club wasnt a terminal case under Lowe. He wasnt interested in the football, just balancing the books. He would have cost-cut us down to the conference whilst balancing the books...

 

And anyway, if we hadnt gone into admin, we might not have been found by Cortese and Markus.

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Minsk

Minsk

Posted
Posted
http://www.portsmouth.co.uk/sport/pompey/pompey-past/birch-no-pompey-signings-until-players-depart-1-3942146

 

 

Is it me?

 

There is no registration embargo.... They just won't let us sign any players :scared:

 

That really is a crazy article.

 

Seriously, how can they continue?

 

No one allowed in until others leave.

 

The players currently on very lucrative contracts don't want to leave and get paid less elsewhere.

 

They can't start the new season with only 11 players, and zero goalkeepers.

 

Something has to give - or get liquidated!!!!!!!!

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saintjay77

saintjay77

Posted
Posted
OK, I read all that, but, please tell me WHEN did Lowe ever attract INVESTMENT into the Club, ie people with MONEY to put into the Club, and drive it forward

 

 

Just for sake of argument,

 

Ask that question about the other 2 and you will have the same answer. The problem wasn't 1 man but the other 2 never agreeing with whoever the 1 man was.

 

Anyway, we have been saved. The fishy few have not. Lowe is gone and Al Fahim is back. Much more LOL'age to be had. :lol:

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Chez

Chez

Posted
Posted
Just tweeted that it is staggering that Markus paid our debts in full
when you say paid in full, I presume you mean he made the creditors an offer which was agreed and then that was paid in full in one lump sum. The amount Markus paid, £13m or thereabouts, did not equal the total debt going into admin.
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Wes Tender

Wes Tender

Posted
Posted
Many do chastise Lowe for not attracting investment - can someone pleas explain how he wa smeant to convince rich folks to gift the club 30-40mil or so' date=' and continue to do so each year (to cover the hiddeous wages) withoutr eithyer 100% equity or a rewasonable return that would not have been affordable?[/quote']

 

Where do you get your figure of 30/40 million from, Frank? I know that Lowe used to be fond of putting it about that he would move aside if somebody stumped up £25 million, but then he wished it to be thought that his stake in the club was a damned site more substantial than the paltry 6% or so that it was in reality. Even adding in all of the old boards' shareholdings, that only equated to under 30%, as was proven by Wilde's bid. So a controlling share could have been bought for about £13 million or so. Personally, IMO, I don't believe that Lowe seriously wanted to invite the sort of investment that would have replaced him as chairman, because his ego wouldn't allow it. His national profile was raised much higher as the chairman of a Premiership football club than ever it would have been as a merchant banker/retirement home owner.

 

Thankfully, he is now back where he belongs, in relative obscurity. And like Gemmel, I have enjoyed the journey back from the third division much more than the preceding years of attendance in the Premiership, thanks to Markus's legacy. I suspect that we are now a better run club than any previous time in our history

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holepuncture

holepuncture

Posted
Posted

Lowe ...

old boards' shareholdings ...

Wilde's bid.

Lowe

 

Can we please stop all this nonsense please! Or at least have the courtesy to go and start a new thread.

 

This is a serious thread for discussing the simply sickening activity over in the peoples republic of portsmouth.

 

Us nutjobs dont spread our propaganda on other threads, this is our home.

 

Lets get back on track..

 

Sces.jpg

 

mr.krabs_.bmp

 

?type=articleLandscape

 

article-1243828-07E2FA25000005DC-436_964x447.jpg

 

SNN0505A-280_980905_980984a.jpg

 

SNN0504ZA-682_980867a.jpg

 

ETC

 

SHALALA

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Frank's cousin

Frank's cousin

Posted
Posted
Yes, I agree. Forgot myself and became involved for one post.

 

Apologies.

 

who f**king brought his name up ? It must have been Frank or SOGGY.

 

Twas me... sorry... his name will not soil this thread again.

 

(In mitigation, was in Pompey context re. investment and where is comes from - we laugh at the DCSBs as they seemed to attract dodgy owner after dodgy owner - who borrowed bank/peoples cash to fund a cup and ego - just highlighted we have always at very least beeen run honestly)

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Frank's cousin

Frank's cousin

Posted
Posted
Where do you get your figure of 30/40 million from, Frank? I know that Lowe used to be fond of putting it about that he would move aside if somebody stumped up £25 million, but then he wished it to be thought that his stake in the club was a damned site more substantial than the paltry 6% or so that it was in reality. Even adding in all of the old boards' shareholdings, that only equated to under 30%, as was proven by Wilde's bid. So a controlling share could have been bought for about £13 million or so. Personally, IMO, I don't believe that Lowe seriously wanted to invite the sort of investment that would have replaced him as chairman, because his ego wouldn't allow it. His national profile was raised much higher as the chairman of a Premiership football club than ever it would have been as a merchant banker/retirement home owner.

 

Thankfully, he is now back where he belongs, in relative obscurity. And like Gemmel, I have enjoyed the journey back from the third division much more than the preceding years of attendance in the Premiership, thanks to Markus's legacy. I suspect that we are now a better run club than any previous time in our history

 

Apologies to all, but it is realted to PTS ... honestly. the 30-40 mil a year figure is a 'pull out of the air' figure on the type of investment any club in the 60mil Turnover in Prem league, would need to make a step up. My question was/is how can a club raise this cash and the need to maintain it, unless an owner simply gifts it? Or doing a pompey and borrowing from banks, HMRc Charities etc.

 

If we are to continue to progress, how will it be funded? I think it was relevent to make teh reference to saints as we used to be... demanding such investment, yet without ever identifying how it was possible. Do fans really care? We criticise teh skates for simply accepting the cup and lording it up, but would we do the same?

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Wes Tender

Wes Tender

Posted
Posted
Ha ha ...top stuff holepuncture.

 

I know that Rallyboy, will chip in now he's had a picture of uncle avram and that industrial unit, to remind him.

 

That's an old photo of Uncle Avram's favourite relaxation place. His magnaminity has meant that they can now afford a big bold sign advertising them, "Siam". A quick google of that + Horton Heath will satisfy any curiosity as to the services on offer and who can provide them.

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trousers

trousers

Posted
Posted
Apologies to all, but it is realted to PTS ... honestly. the 30-40 mil a year figure is a 'pull out of the air' figure on the type of investment any club in the 60mil Turnover in Prem league, would need to make a step up. My question was/is how can a club raise this cash and the need to maintain it, unless an owner simply gifts it? Or doing a pompey and borrowing from banks, HMRc Charities etc.

 

If we are to continue to progress, how will it be funded? I think it was relevent to make teh reference to saints as we used to be... demanding such investment, yet without ever identifying how it was possible. Do fans really care? We criticise teh skates for simply accepting the cup and lording it up, but would we do the same?

 

No.

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toofarnorth

toofarnorth

Posted
Posted
Apologies to all, but it is realted to PTS ... honestly. the 30-40 mil a year figure is a 'pull out of the air' figure on the type of investment any club in the 60mil Turnover in Prem league, would need to make a step up. My question was/is how can a club raise this cash and the need to maintain it, unless an owner simply gifts it? Or doing a pompey and borrowing from banks, HMRc Charities etc.

 

If we are to continue to progress, how will it be funded? I think it was relevent to make teh reference to saints as we used to be... demanding such investment, yet without ever identifying how it was possible. Do fans really care? We criticise teh skates for simply accepting the cup and lording it up, but would we do the same?

 

I'm sure that new bumper TV deal will help. You just have to make sure you have correct contingencies in place should the worst happen and you get relegated. Release clauses/wage reduction clauses in contracts etc.

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Lazlo78

Lazlo78

Posted
Posted

Until the Football League can see some sort of movement in terms of players leaving, they will not allow us to sign anyone.

 

‘I think once you get two or three out of the door you have got a good case to go to the Football League to ask if they can let us start doing one or two deals.

 

Doesn't sound like someone only thinking of what's best for the creditors - has TB been sucked in too?

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krissyboy31

krissyboy31

Posted
Posted
Until the Football League can see some sort of movement in terms of players leaving, they will not allow us to sign anyone.

 

‘I think once you get two or three out of the door you have got a good case to go to the Football League to ask if they can let us start doing one or two deals.

 

Doesn't sound like someone only thinking of what's best for the creditors - has TB been sucked in too?

The guy is a salesman so he has to keep nailing that dead parrot to the perch. He know nobody will pay him anything for it once it hits the deck."
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Dark Munster

Dark Munster

Posted
Posted
Until the Football League can see some sort of movement in terms of players leaving, they will not allow us to sign anyone.

 

‘I think once you get two or three out of the door you have got a good case to go to the Football League to ask if they can let us start doing one or two deals.

 

Doesn't sound like someone only thinking of what's best for the creditors - has TB been sucked in too?

 

In fairness to Trevor, I think the idea is to get enough crap players in, on starvation-level wages, to at least keep the cesspit of a club alive (albeit in a Walking Dead sort of way) just long enough to stumble over the last parachute payment day. Dropping down divisions, and being hit with massive points penalties, is probably not much of a concern for Trevor/Chinny et al.

 

In that sense it is what's best for the creditors (well, Chinny at least).

 

Of course, our heroes Tal Ben Haim and his friends may have other ideas. :lol:

 

God bless TBH.

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Dark Munster

Dark Munster

Posted
Posted
Rangers seemingly can go into liquidation and yet stay in the top-flight if the other 11 clubs in the SPL agree it. Seems a bit bizarre but money talks and all 11 will have an eye on the gate receipts. However with the blue few's dwindling band of followers I doubt League One clubs will be similarly disposed.

Short of mass murder I can't see the high wage earners being shifted, Chanrai, cutting his losses will walk, the Trust don't have enough to pay the creditors and the players, which leaves liquidation.

Can't see it panning out any other way - plus Birch's bill cannot be peanuts.

 

Careful, don't give Chinny ideas.

 

God bless (and protect) TBH.

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