Pompey Takeover Saga

[Weston Super Saint]

I don't suppose the CVA proposal is 2% less costs, is it?

 

Of course it's less costs!

 

What's the total amount Chinny is offering, isn't £500k and then another £500k and a third £500k if [lol!] they reach the prem?

 

So, in effect it's £1m he's offering.

 

PKF's costs are £700k at the moment, but I'm sure this will rise to £800k by the time they get the CVA through [lol!].

 

Which leaves £200k for the creditors less whatever costs they can think of.

 

So the 2p will probably become somewhere around 0.5p in the pound!

 

That is of course if they can shift the high earners [lol!]

[brightspark]

Appleton statement on the news that he would spend a little bit on a '20 goal a season' striker to secure promotion is nothing short of an absolute disgrace. Standard pompey. The Football League won't stand in their way either - woeful organisation.

 

The special case continues.

[Punk]

Typical Pompey upbringing then...

 

 

" Christian is more of a midfielder than a winger, like his dad and brother."

 

Brilliant Pmsl!

[View From The Top]

Appleton statement on the news that he would spend a little bit on a '20 goal a season' striker to secure promotion is nothing short of an absolute disgrace. Standard pompey. The Football League won't stand in their way either - woeful organisation.

 

The special case continues.

 

He's simply playing to the gallery.

[Frank's cousin]

Re the Birch statement:

 

to paraphrase:

 

'' so far we have not taken a penny out of pompey as there is feck all money to do so - if the club had 450k we would have taken it... thankfully we will be classed as football creditors and therefore will get all our money owed - either from chiney as part of his takeover deal or we will have first dibs on any liquidation... ''

 

or as the PR bull states

 

'' we love the club and want to see it survive so we have not taken any of teh cash it does not have thus guarranteeing liquidation''

 

And to think the media in pompey fall for it everytime.... there is being supportive of your local club and there is naiviety/gullable incompetance...

[rooney]

Birch and PKF would have made sure they are covered before they rushed to take this job on. The PR will fool no one.

[standy]

I see David Cameron has critised Jimmy Carr for tax avoidance but was full of support of the DFCSBs.

As such I wrote to the PMs office and asked the following question

 

"Can you please explain to how the PM can critise people who avoid paying tax by legal means such as being paid via the Channal Islands when he offers support to Portsmouth Football club who have ripped the taxman off to the tune of many hundreds of thousands pounds.

Is the message from him that its OK if you are a football club but not if you are an individual."

[Gemmel]

to Portsmouth Football club who have ripped the taxman off to the tune of many hundreds of thousands pounds.

 

Standy - Just to bring you up to speed, their total unpaid debt to the tax man is just over 33 million pounds

 

Just about enough to keep a local tax office open............

[trousers]

I see David Cameron has critised Jimmy Carr for tax avoidance but was full of support of the DFCSBs.

As such I wrote to the PMs office and asked the following question

 

"Can you please explain to how the PM can critise people who avoid paying tax by legal means such as being paid via the Channal Islands when he offers support to Portsmouth Football club who have ripped the taxman off to the tune of many hundreds of thousands pounds.

Is the message from him that its OK if you are a football club but not if you are an individual."

 

Nice one, although it's several tens of millions of pounds that they've avoided paying HMRC rather than a measly few hundred thousand :-)

[Truckasaurus]

Club 24 are soon to be liquidated,the trust,chinny,blah,blah,:badger:high earners,etc,etc. There is nothing happening,it's the end for the cheats.

 

If on the other hand they survive this summer(don't know how) then they are going to be utter s**te. It will be funny as f**k watching them next season.How long does it take for proffesional footballers to "bed in" ? A whole new team of players on free transfers,journey men,hasbeens and the like. These players will be at club 24 because no one else wants them and they won't be any good.This is almost as good as liquidation,almost.

 

By the way appy you f***ing t*t a 20 goal a season striker is a pipe dream for your pathetic little club,i'd be surprised if your whole team scores 20 goals the way it is shaping up.

 

So to conclude,what we have is a massive amount of fun coming up one way or another.

 

God bless seasoned hard wood

[Stepgar]

Tbh I am actually getting bored of this whole saga. There seems to be no end in sight, Pompey will somehow get through this, play in L1 and compete. They will not have any further points deductions or be liquidated. We are not that lucky.

[eurosaint]

Club 24 are soon to be liquidated,the trust,chinny,blah,blah,:badger:high earners,etc,etc. There is nothing happening,it's the end for the cheats.

 

If on the other hand they survive this summer(don't know how) then they are going to be utter s**te. It will be funny as f**k watching them next season.How long does it take for proffesional footballers to "bed in" ? A whole new team of players on free transfers,journey men,hasbeens and the like. These players will be at club 24 because no one else wants them and they won't be any good.This is almost as good as liquidation,almost.

 

By the way appy you f***ing t*t a 20 goal a season striker is a pipe dream for your pathetic little club,i'd be surprised if your whole team scores 20 goals the way it is shaping up.

 

So to conclude,what we have is a massive amount of fun coming up one way or another.

 

God bless seasoned hard wood

 

Is there anything that your God wouldn't bless ??

[Wes Tender]

Tbh I am actually getting bored of this whole saga. There seems to be no end in sight, Pompey will somehow get through this, play in L1 and compete. They will not have any further points deductions or be liquidated. We are not that lucky.

 

It would be no fun if they were to go out of existence and begin again without the baggage in English football's basement. A lot of the enjoyment comes from them stumbling from pillar to post, not knowing whether tomorrow might be their last day existing in their current form. It's the hope that kills them and it's the lack of hope for them that causes us all so much amusement.

[derry]

You underestimate pompey fan stupidity. They'll just be debating who their 20 goal a season striker should be.

 

Corp thinks they'll be ambitious and tempt Yakubu back.

 

Steve Claridge comes home:lol:

[jjsaint]

It would be no fun if they were to go out of existence and begin again without the baggage in English football's basement. A lot of the enjoyment comes from them stumbling from pillar to post, not knowing whether tomorrow might be their last day existing in their current form. It's the hope that kills them and it's the lack of hope for them that causes us all so much amusement.

 

The real fun will come in 10, 20, 30 years' time, when League 1 (or whatever it's called by then) strugglers AFC Pompey are liquidated because of their unpaid tax bill - but at least they got to the JPT Southern Division semi-final!

 

I don't think Portsmouth will be capable of running an honest football club. It will be like the myth of Sisyphus for them: start at the bottom, up the leagues, down the leagues, liquidated. Start at the bottom... (repeat ad infinitum)

[trousers]

@pn_neil_allen: Appleton promises not to let the #Pompey payroll spiral out of control. If only certain chief executives felt the same! http://t.co/G0qIqkes

[Under Weststand]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/pompey-target-joins-owls-1-3977718

 

So another poopey target in Christ Maguire has failed to hang on in the hope of going to the bestest & Appys plucky Hero's. What a surprise.

Come on Birch wrap this farce up liquidation you know it makes sense.

[Deano6]

Didnt he just admit that Pompey dont have the funds to pay their bills? As in Pompey owe £425,000 but they dont have the funds to pay it?

 

Isnt that trading whilst insolvent???????

 

Ummm...I'm pretty sure everyone's aware they are insolvent. That's why they're in administration!

[dvaughanwilliams]

The administrators are classed as FC's and are therefore secured.

 

Explains a lot in itself I reckon.

 

Apologies for pedantry, but they're actually higher up than that. Administrators and court fees are protected by insolvency law and are the first to be paid out in the event of liquidation. Football Creditors are only protected by internal 'club rules' of the Football League.

[Weston Super Saint]

The real fun will come in 10, 20, 30 years' time, when League 1 (or whatever it's called by then) strugglers AFC Pompey are liquidated because of their unpaid tax bill - but at least they got to the JPT Southern Division semi-final!

 

I don't think Portsmouth will be capable of running an honest football club. It will be like the myth of Sisyphus for them: start at the bottom, up the leagues, down the leagues, liquidated. Start at the bottom... (repeat ad infinitum)

 

Do they ever get the clock fixed in your scenario?

 

It's like an episode of back to the future

[pedg]

I assume they have been shouting from the rafters about the tens of thousands of season tickets they have sold to the bestest fans? Obviously just missed that news somehow!

[dubai_phil]

So July 5th players come back for pre-season training.

 

They don't have a keeper in the squad. Isn't it time to resurrect the careers of the lads who played in the (legendary) TSW matches at SMS?

 

We could loan them to the few for a month or so.

 

No we woouldn't need a fee (other than a selection of fivers to pay Rallyboy's and a few others from this thread membership fees.

 

But it would be truly worth it to watch them start the season with their current squad and a Saints fan in goal.

[View From The Top]

Apologies for pedantry, but they're actually higher up than that. Administrators and court fees are protected by insolvency law and are the first to be paid out in the event of liquidation. Football Creditors are only protected by internal 'club rules' of the Football League.

 

Perhaps I should have just said they are guaranteed their dosh! Didn't know the law regarding insolvency so again this thread proves educational.

[JackFrost]

Vincent Pericard has offered to play for them for free.

 

No offence Vincent but no one is going to pay you anyway.....

 

I wouldn't sign him if he paid the club 5 grand a week

[Gemmel]

There seems to be no end in sight, Pompey will somehow get through this, play in L1 and compete. They will not have any further points deductions or be liquidated. We are not that lucky.

 

We are not that lucky????

 

In the last 20 odd months you've seen one of (Probably the biggest) the role reversals in football history, between rivals.

 

Play they will, but compete? Not a chance.

 

ALL Saints fans should be revelling in their demise. They haven't gotten away with anything, with the exception of a fraudulent fa cup.

 

The price they are paying is huge...... It will take generations to recover from.

[dvaughanwilliams]

So July 5th players come back for pre-season training.

 

They don't have a keeper in the squad. Isn't it time to resurrect the careers of the lads who played in the (legendary) TSW matches at SMS?

 

We could loan them to the few for a month or so.

 

No we woouldn't need a fee (other than a selection of fivers to pay Rallyboy's and a few others from this thread membership fees.

 

But it would be truly worth it to watch them start the season with their current squad and a Saints fan in goal.

 

I wonder when their first friendly is? What would they do if they haven't offloaded the parasites before the game and haven't been able to sign any players? Would they have a 'trialist' in goal or would it be they be drawing straws in the dressing room to see who has to don the gloves?

 

I'm secretly hoping they adopt the proposal I saw on here a few pages back and go for the 'rush goalie' option.

 

Edit: the internet informs me of the 'Monkey Rush' option http://www.urbandictionary.com/define.php?term=monkey%20rush which is new to me. Has anyone heard of this before?

Edited 21 June, 2012 by dvaughanwilliams

[Verbal]

Tbh I am actually getting bored of this whole saga. There seems to be no end in sight, Pompey will somehow get through this, play in L1 and compete. They will not have any further points deductions or be liquidated. We are not that lucky.

 

It will come to an end soon. PFC are trying and failing to dig themselves out of gigantic financial hole just as the whole of Europe teeters from recession to full-blown depression. They haven't got a chance in hell.

[dubai_phil]

It will come to an end soon. PFC are trying and failing to dig themselves out of gigantic financial hole just as the whole of Europe teeters from recession to full-blown depression. They haven't got a chance in hell.

 

Nooooooooooooooooooooooooooooooo

 

FFS that is like someone telling us what will happen in the first episode of the next Game of Thrones series.

 

DON'T SPOIL THE FUN with REALITY

[suewhistle]

They don't have a keeper in the squad. Isn't it time to resurrect the careers of the lads who played in the (legendary) TSW matches at SMS?

 

We could loan them to the few for a month or so.

 

But it would be truly worth it to watch them start the season with their current squad and a Saints fan in goal.

 

Well, in the US they allow mixed football... This season I did goalkeeper training to act as reserve keeper and played a couple of times in goal. Bribe me with a few pints of Summer Lightning and a fiver and I'm anyones! Compared with keepers in my league I'm reasonably tall too. I'd give my fiver towards Rallyboy's membership here: well worth it for all the laughs...

[Dark Munster]

Tbh I am actually getting bored of this whole saga. There seems to be no end in sight, Pompey will somehow get through this, play in L1 and compete. They will not have any further points deductions or be liquidated. We are not that lucky.

 

Actually, TBH is one of the main reasons why this saga is going to get even more interesting, and hilarious.

[Dark Munster]

Birch and PKF would have made sure they are covered before they rushed to take this job on. The PR will fool no one.

 

Except the phew, of course.

[The9]

For the person on page 1615 requesting the debt clock, I set it up and it was based on the money they owed HMRC if they didn't cut anyone from their wage bill.

 

They DID send Huseklepp and Lawrence out on loan after that, but I'm sure that Brum and the Redturds won't still be paying their wages, so here's the original link :

 

http://www.tickcounter.com/2285714.0,33.1/1329744645/Pompey%2527s%2520Debt%2520to%2520HMRC%2520%2528%25C2%25A3s%2529

 

According to the counter, it would stand at approximately £5,773,922.24 now, which suggests either it's broken, or it's clocked itself. Cos that's way too low. It should be nearer £57m than £5m.

 

Maybe it reset or something. Maybe there's a lesson there for "Club 24" (also my invention ).

[Dark Munster]

yes but at the point of the CVA vote 2p or nothing is the only option they have to vote on. I don't know how quickly these things can be redone? If the vote is against 2p on the day how soon before an offer of 3p can be made and voted on?

 

As some have noted, it's probably more like 0.5p in the pound, after expenses.

 

As mouthwatering and tempting as that offer may be, I maintain that surely the creditors know they have Chinny by the balls, and he won't allow liquidation (he's not going to cut off his parachute money to spite his face).

 

I believe he fully expects the CVA2 to be rejected (unless he's weaseled himself in as significant unsecured creditor, via CSI perhaps).

 

But I wonder, if CVA2 is rejected, can Chinny proceed anyway with a purchase, laughing off a 50 point deduction (or whatever the FL throws at Cheats FC for failing to exit administration with a CVA), as he later collects his parachute money in the Blue Square (or lower)?

 

Of course, he's going to have to be creative with dealing with TBH and friends. I'm still trying to figure out how he's going to handle that little problem.

[dubai_phil]

When something seems as off the wall as CVA2 there is often a reason we haven't seen, somehow they need to survive to a certain date to get the next PP?

 

It's the only reason I can think of for them to be acting all Klingon. The PR is simply Soooooo false, they must be trying to avoid a final wipe

[trousers]

@pn_neil_allen: Aaron Mokoena departure 'imminent' according to his agent. Let's hope so. For the sake of #Pompey's future players must go ASAP.

[pedg]

Article on the news that uses the dread L word in the title.

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/hateley-liquidation-would-be-a-pompey-tragedy-1-3977722

 

If pompey prada are mentioning it things must be bad.

[Sevvy]

@pn_neil_allen: Aaron Mokoena departure 'imminent' according to his agent. Let's hope so. For the sake of #Pompey's future players must go ASAP.

 

Going soft in your old age Trousers

[TopGun]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-wants-football-league-talks-over-recruitment-power-1-3977721

 

Appy wants special concessions to recruit players from the FL if the CVA is passed without waiting for the 28 days cooling off period.

[rallyboy]

Yes Sevvy, Trousers is right, no one wants to see any football club fold, whoever they are.

Especially one that has been unfortunate and through no actions of their own find themselves in a little bit of a pickle.

 

Let's remember that it was only the world recession that troubled the son of the child-maimer that put them in this position, and that was long after the 2008 cup final and not related to it at all.

It's not like they've been blatantly cheating for the best part of ten years, or that they bought their way out of the Championship, or been illegally financed by blood money from arms dealing, or cash stolen from pensioners by organised crime gangs.

 

So Trousers is right, give them a break, and let's all hope they can pull through this sticky patch.

For the sake of the most passionate fans in the history of world football, if nothing else.

 

 

 

 

 

 

 

 

 

or perhaps he should just review how he posted the Tweet....

[Petersfield Saint]

Well summed-up as usual RB!

[Minsk]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-wants-football-league-talks-over-recruitment-power-1-3977721

 

Appy wants special concessions to recruit players from the FL if the CVA is passed without waiting for the 28 days cooling off period.

 

But the cooling off period is there for a reason. i.e. if the top earners don't leave Chinny pulls out of the deal.

 

So, the FL bow to his wishes and allow him to sign 5 or 6 players, no one leaves and Chinny withdraws the CVA. Nice one.

 

Not to mention, of course, how does he intend the wages of new players to be paid when current wages are still being deferred?

 

It will be insanity if the FL agree to this.

[trousers]

But the cooling off period is there for a reason. i.e. if the top earners don't leave Chinny pulls out of the deal.

 

So, the FL bow to his wishes and allow him to sign 5 or 6 players, no one leaves and Chinny withdraws the CVA. Nice one.

 

Not to mention, of course, how does he intend the wages of new players to be paid when current wages are still being deferred?

 

It will be insanity if the FL agree to this.

 

Ergo....the Football League will agree to it...

[trousers]

Going soft in your old age Trousers

 

Disclaimer: nothing I ever post on this forum is my own words or opinion. Apart from my infatuation with the Goddess Thatcher that is. Obviously.

[Gemmel]

This will be a good benchmark.

 

Cotterill was allowed to sign 20 players once the cva was approved - Was that the same cva that was never paid?

 

If the PFA are liable, then won't they get a say?

 

Joke

[badgerx16]

Meanwhile the matter of 'club 12' draws to a head :

http://www.bbc.co.uk/sport/0/football/18539483

[h=1]"Rangers newco will not get Aberdeen, Dundee Utd or Hearts votes"[/h]

[dubai_phil]

This thread has provided many rofl images over the years.

 

The one I'm struggling with these days is this demented looking Dude with unkemp hair (he doesn't have time in the mornings 'cos he wakes up and comes straight on here) sitting on a Commuter train into London every morning furiously tapping away on his smartfone mumbling PKF TB FL CVA while everyone in the rammed carriage tries to avoid sitting next to him

[Gemmel]

This thread has provided many rofl images over the years.

 

The one I'm struggling with these days is this demented looking Dude with unkemp hair (he doesn't have time in the mornings 'cos he wakes up and comes straight on here) sitting on a Commuter train into London every morning furiously tapping away on his smartfone mumbling PKF TB FL CVA while everyone in the rammed carriage tries to avoid sitting next to him

 

The funny thing is that I am guesing it is the same train I get......trouble is lots of people wear trousers

 

Granty used to commute on the same train, so there were at least three nutjobs waiting fro RB latest update.

 

Think Dibden Purlieu Saint, might be on there as well

[angelman]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-wants-football-league-talks-over-recruitment-power-1-3977721

 

Appy wants special concessions to recruit players from the FL if the CVA is passed without waiting for the 28 days cooling off period.

 

From the article

 

In the interests of Pompey being regarded as competitive, Cotterill was permitted to sign free agents, take on triallists and recruit loan players.

 

Now Appleton is desperate to discover whether he can operate under the same rules to address his threadbare squad.

 

Why do they have to be competitive? Don't they realise that they should just be concerned about survival rather than being competitive. So what if they get relegated next season - it's not supposed to be easy for them. I am glad to see the SPL discussing the integrity of the league by not steam rollering Rangers back in, although in the end I suspect that they will be readmitted. Where is the integrity in the FL?

[rallyboy]

whenever I have the misfortune of travelling on a packed train I follow the Trousers and Gemmel ploy of looking so odd that no one will sit next to you - the muttering about CVAs helps too.

 

The other trick is when you stop at a busy station, make eye contact with EVERYONE boarding as they walk up the carriage, even turn around to look at people approaching from the other end - the last place they will sit is next to the nutter looking at them.

 

I got as far as Woking once before the last seat in the carriage was taken - and then I think it was a fellow nutjob as they started eating an orange, another classic ploy for hogging a double seat.

There you go, free travel tips!

 

 

Meanwhile I'll be offline when the CVA sweeps majestically through unopposed next week, so please chuck a few lucky heather and prostitute gags in on my behalf.

And if it does get through, let's remember that there are conditions to be met, and they are far more difficult to achieve than the vote.

 

I'd say a yes vote from creditors takes them no more than 20% of the way towards stability - it isn't the great answer that some think.

[badgerx16]

Where is the integrity in the FL?

 

You might ask David Lampitt.