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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
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trousers

trousers

Posted
Posted (edited)

http://www.portsmouthfc.co.uk/LatestNews/news/Fanpower-Cast-Your-Vote-3493.aspx

 

Pompey fans now have a three-way choice over how £30,000 won in npower’s Fanpower Stadium competition is spent.

 

Supporters were invited to make suggestions after the money was secured through their activity on Twitter and Facebook.

 

The three most popular choices have been put forward to npower, with a vote now being held on the Fanpower Facebook page.

They are:

 

1. Free tickets to local schools for League One games at Fratton Park in 2012/13. These would be distributed by our Football League award-winning charity arm, the Pompey Sports & Education Foundation. It means youngsters who may rarely get the chance to come to watch Pompey can do so for free. Seats will be in the Milton End and would be available from our home game against Oldham on September 1.

 

2. Improved disabled facilities at Fratton Park. A disabled spectating platform and a disabled toilet would be constructed at the corner of the South Stand and Milton End. This would be used by away disabled supporters, and, if space, home disabled supporters. Moving away disabled supporters to this area would free up extra disabled spaces for home fans in front of the Fratton End.

 

3. A statue in honour of Pompey’s supporters. Located outside Fratton Park, it would be a lasting testimony to Blues fans who are widely regarded as the most passionate and loyal in the country. :lol: A shortlist of designs would be drawn up and voted on by supporters.

 

Blues followers beat all other 71 Football League clubs to land the prize.

 

https://www.facebook.com/npowerfootballleague/app_177019582409952

 

Anyone got any design ideas for the statue....?

Edited by trousers
dubai_phil

dubai_phil

Posted
Posted
And do you think the PFA want the headlines of Milionaire footballers kill off 114 year old football club by their greed?

 

I know they are owed money and fully accept they should be owed that money.

 

The players will not be the ones t hat killed them

 

The idiots with the quality not quantity did that

trousers

trousers

Posted
Posted
The players will not be the ones t hat killed them

 

The idiots with the quality not quantity did that

 

This is true....but I fear you are mistaking reality for public perception.... ;)

 

The British public, especially those a few miles east of Southampton, are not renouned for their great perceptive skills....

Wes Tender

Wes Tender

Posted
Posted
3. A statue in honour of Pompey’s supporters. Located outside Fratton Park, it would be a lasting testimony to Blues fans who are widely regarded as the most passionate and loyal in the country. A shortlist of designs would be drawn up and voted on by supporters.

 

Can we go on that site and cast a vote for the statue? I propose that it ought to be of the most recognisable Skate football fan, John Anthony PFC Westwood. Arguably he is also the most recognisable fan in British football, so what more apposite subject for this statue could there be than him?

Lord Duckhunter

Lord Duckhunter

Posted
Posted
It's got to be a statue of TCWTB, or maybe a collection of web-toed figurines

 

Any statue has to include the old women on the disability scooter and Steven Hawkin's love child on the bubble bus..........

bridge too far

bridge too far

Posted
Posted
Can we go on that site and cast a vote for the statue? I propose that it ought to be of the most recognisable Skate football fan, John Anthony PFC Westwood. Arguably he is also the most recognisable fan in British football, so what more apposite subject for this statue could there be than him?

 

I just did (maybe you have to be a FB user though)

OldNick

OldNick

Posted
Posted
And do you think the PFA want the headlines of Milionaire footballers kill off 114 year old football club by their greed?

 

I know they are owed money and fully accept they should be owed that money.

Dont worry you will get away with it, although fans at other clubs are now waking up to the fact and are starting to resent the club.
Gemmel

Gemmel

Posted
Posted
Anyone want an FA Cup? Yep we'll have it (FA man looks to man holding a land mine) - how much? 10 years of misery for you & hilarity for your rivals. Yep go on then.

 

Dear "nutjobs" (which I mean in the nicest and most flattering way), I'm helping to pull together an article for the Daily Mail website tomorrow on Porstmouth FC, finance and lessons to be learnt.

 

It's not a sports article as such - but drawing parallels between Portsmouth and governments spending too much money, racking up debt - who suffers, who gets away with it, how "moral hazard" is encouraged if proper punishments are not dispensed etc.

 

I'm a fairly frequent visitor to this thread, but would enormously welcome any contributions and advice on the following points:

 

1. Assuming CVA2 is approved, what's the total hit to the taxpayer/HMRC over the last few years?

 

2. And on the same basis, what's the hit to non-football creditors?

 

3. What are the most egregious examples of player signings for transfer frees or on salaries that Portsmouth didn't have? This isn't necessarily TBH (if he was signed and offered a good contract when the going was good, that's prob not as bad as a player on half the amount signed when the finances were obviously disastrous).

 

4. How "obvious" is it that the 2008 Cup winning team was bought and paid for with money they didn't have at the time?

 

All/any help much appreciated.

Assuming CVA2 is approved, what's the total hit to the taxpayer/HMRC over the last few years?The Tax debt is in two parts – The first debt from the last administration was 29 million pounds, which after the CVA became 5.8 million, but was never paid. The second debt from this administration is about 3 million and the CVA passed today will see a return for both debts of 176k. Which equates to over 32 million in lost revenue. Probably worth factoring in the court costs and time spent chasing this money and the interest that 30 million quid would accrue over 4 years.

And on the same basis, what's the hit to non-football creditors?

 

The original debt was 130 million (First administration) which was made up of football and non-football creditors. The non-footballing debt was about 90 million (Which included the tax man) and the second debt is about 50 million, but includes 17 million on the old CVA and some football debts, but the net of it all is that the non-football creditor totals over 100 million and the offer of 2p in the pound less expenses, means that in reality they will never get a penny and if they do, for the majority it will be 2p of the original 20p in the pound offer, which is the same as 0.04%

What are the most egregious examples of player signings for transfer frees or on salaries that Portsmouth didn't have? This isn't necessarily TBH (if he was signed and offered a good contract when the going was good, that's prob not as bad as a player on half the amount signed when the finances were obviously disastrous).

It is worth remembering that TBH was signed just before they went into administration the first time, as a gamble of staying up. So that perhaps is the egregious example, but the ones that people will relate to the most are Kitson and Lawrence. Having agreed a wage limit of 10k in the original CVA and whist still in admin, they signed both of these players with Andronikou happy to announce 20k and 23k a week wages. It was at that point that most of us realised the CVA would never be paid…. two and half years later we were proved right.

The Kraken

The Kraken

Posted
Posted
Statue is pulling away. Ha a statue would would be amazing.

 

You just know that there's enough of the deluded lot to actually vote for it themselves; I genuinely don't think there's any need for vote rigging, they're that blinkered that they'll likely vote for it themselves.

toofarnorth

toofarnorth

Posted
Posted
The job of this thread for the next week is to get the statue to win.

 

I think the original article said you can also vote on twitter and email so it's not a definitive tally on Facebook.

trousers

trousers

Posted
Posted
I think the original article said you can also vote on twitter and email so it's not a definitive tally on Facebook.

 

I think that was for the nominations. This vote for the top 3 nominations now seems to be Facebook only

anothersaintinsouthsea

anothersaintinsouthsea

Posted
Posted (edited)

And where would it go? Can't see Gaydamak agreeing to this. Maybe it could go in the waste ground behind the Fratton End - that would be apt.

 

If famous Pompey fans are in the running to be "models" for the statue can I suggest the youngest female to ever receive an ASBO?

 

EDIT: Apologies, it was a boy. Aged 10. Nice

 

http://www.cps.gov.uk/news/articles/football040604/

Edited by anothersaintinsouthsea
trousers

trousers

Posted
Posted
Are you sure? Regardless the facebook vote should be rigged.

 

As someone said earlier....probably no need to boost the statue votes as that'll win without any influence. Probably.

The Kraken

The Kraken

Posted
Posted

The first two responders on POL are voting for the statue:

 

Think ill vote for three as one and two should be done by the club anyway.

 

Aye, I agree. Free tickets for schools should be a standard initiative applied every year by the club and if the (away?) disabled amenities need improving, then again this should be something done by the club (IMO), perhaps with support by the relevant authorities/grants (and something the Trust could take on regardless of whatever happens to ownership, perhaps?).
trousers

trousers

Posted
Posted (edited)
I see corp ho is on there again looking on here and yet calling us obsessed.

 

Of course we're obsessed. That's the general idea. Obsessed to the point of being utter nutjobs in fact.

 

Corp Ho in 'observing the blindingly obvious and posting it as if it's a startling revelation' shocker... ;-)

 

God bless things that Carlsberg don't do...

Edited by trousers
Verbal Kint

Verbal Kint

Posted
Posted

They should use it to pay off their debts to the local charities. But they won't. Any chance to proclaim themselves the bestest will win the day, and the deluded ****s will vote for the statue. No need to rig it

gaz

gaz

Posted
Posted

So after all of the posturing, arm waving, amendments and proposals of today....

 

....it still comes down to the players tearing up their contracts....

 

...which they have said they won't do....

 

Nothing has changed. The train is still on course to crashing down the ravine. All they have done today is stuck their head out of the window and see how far away it is.

 

28 days.

trousers

trousers

Posted
Posted
So after all of the posturing, arm waving, amendments and proposals of today....

 

....it still comes down to the players tearing up their contracts....

 

...which they have said they won't do....

 

Nothing has changed. The train is still on course to crashing down the ravine. All they have done today is stuck their head out of the window and see how far away it is.

 

28 days.

 

A splendid analogy :-) reminds me of an episode of The Young Ones :-)

Gemmel

Gemmel

Posted
Posted
A splendid analogy :-) reminds me of an episode of The Young Ones :-)

 

Ahh yes, that will be Vivian then on the way to university challenge :) :)

Matthew Le God

Matthew Le God

Posted
Posted
So after all of the posturing, arm waving, amendments and proposals of today....

 

....it still comes down to the players tearing up their contracts....

 

...which they have said they won't do....

 

Nothing has changed. The train is still on course to crashing down the ravine. All they have done today is stuck their head out of the window and see how far away it is.

 

28 days.

 

"28 days later" is reshot in Plymouth for this video, needs to be done for Portsmouth...

 

Viking Warrior

Viking Warrior

Posted
Posted

Is there any truth in the rumour that some of those that form the trust are on benefits and therefore it is us taxpaying fans that will end up saving the skates from extinction? No the Portmouth liquidation front

Weston Saint

Weston Saint

Posted
Posted

The players will agree a compromise pay off and leave. There will be more pressure put on them during the next 28 days but they will be aware that if PFC 2010 is liquidated they will no longer be a football creditor but unsecure creditors like everyone else other than Chainrai. There is no money if liquidation.

 

Forget the parachute payments if liquidation. The moment PFC 2010 cease to exist the payments cease to be due.

 

PFC will continue under Chainrai or the Trusts hands in Div 1. If it is Chainrai it will be under a CVA and no points deduction. If under the Trust it will be with Birch going to court to take away Chainrai’s charge and the new CVA vote will fail. PFC will carry on but with a points deduction

 

All in my opinion, of course.

Matthew Le God

Matthew Le God

Posted
Posted
The players will agree a compromise pay off and leave. There will be more pressure put on them during the next 28 days but they will be aware that if PFC 2010 is liquidated they will no longer be a football creditor but unsecure creditors like everyone else other than Chainrai. There is no money if liquidation.

 

Is that not what the £20m+ PFA debt is for? If liquidated the PFA pay the players. So Ben Haim, Kanu etc may as well sit tight.

Weston Super Saint

Weston Super Saint

Posted
Posted
The players will agree a compromise pay off and leave. There will be more pressure put on them during the next 28 days but they will be aware that if PFC 2010 is liquidated they will no longer be a football creditor but unsecure creditors like everyone else other than Chainrai. There is no money if liquidation.

 

Forget the parachute payments if liquidation. The moment PFC 2010 cease to exist the payments cease to be due.

 

PFC will continue under Chainrai or the Trusts hands in Div 1. If it is Chainrai it will be under a CVA and no points deduction. If under the Trust it will be with Birch going to court to take away Chainrai’s charge and the new CVA vote will fail. PFC will carry on but with a points deduction

 

All in my opinion, of course.

 

Errrrr, Div 3 I believe - if you're gonna use 'old money' ;)

hutch

hutch

Posted
Posted

Anybody seen the video interview with TB just put up on the BBC sports Site?

 

Watch the body language, particularly the eyes. It's Chainrai or bust. He's humouring the Trust.

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