Pompey Takeover Saga

[Kingsland Red]

The statue wins every time , depicting the bestest,designed by the bestest. Can't wait to see the seagulls crapping on it.

[derry]

They really are in deep mire. The players are probably hoping that they would be able to get their deferred money eventually but unless the PPs cover that they have no hope. If they are on a max £5k a week they would be better off out of it. The FL would have to see the football creditors debt repaid in full by PFC before handing over the golden share. It looks like either way they are going to get their just desserts. The quickest way for the players to get free is liquidation.

 

 

Why don't they just give notice that their wage deferral is terminated forthwith. That would bring it to a head.

[rallyboy]

you fricking nutjobs have done it again!

I go away for less than a week - and it takes me three bloody hours to catch up!!

 

Though I see there's been quite a few changes.*

 

A 2nd CVA that will never be paid, and the related takeover that will never be completed, have both been spun as great news for the plucky bestest few.

But in the small print of the story we see the FL have driven a bus through the incident-free exit plan and have nicely paved the way for penalties - and even Trevor Perch was rattled by that little gem.

Perhaps the FL beast is stirring at last...

 

Not a single plucky hero has gone - in fact Mokoena who was alleged to have departed seems to have returned - but peering through the spin last week we thought that deal wasn't done.

The loyal players will be asked to accept reduced terms over ridiculous timescales - and we all know one fact - if they accept terms, they will never get paid.

But Rallyboy you dozy nutjob, the money to pay them is ringfenced.....yeah Barbie-botherer, course it is, just keep stacking those shelves and pretending that everything is okay.

 

What else have I missed?

Despite having a promotion warchest of less loose change than Avram's little shaking fingers can tuck into a moving G-String on a dimly-lit podium, UnAppy is STILL talking to Premier League players??

When will they learn?

 

And the nutjobs seem to have released their own range of leisurewear...yeah I can see Kate Moss strutting up a Paris catwalk with one of her fried egg tits hanging out of a WTFILN string vest.

 

And you've all rigged a poll that exists primarily to promote a utility company.

 

As a result we will probably be treated to the sight of a granite tableau of Avram being pleasured by a whore, adjacent to Lampitt stealing money from a wheelchair-bound child who is distracted by a passing mobility scooter.

 

Outside the football ground this tribute would seem apt, but within a year this stone monstrosity will be between the squirty cheese counter and the Sunny Delight promotional display just inside the doors of Tesco Fratton, and will look ridiculously out of place.

They'll have to use Avram as a coat hook.

I hope you nutjobs can live with that.

 

 

 

 

*no debt repaid, no wagebill reduction, no new players, same old spin - nothing has happened at all!

[sticksaint]

you fricking nutjobs have done it again!

I go away for less than a week - and it takes me three bloody hours to catch up!!

 

Though I see there's been quite a few changes.*

 

A 2nd CVA that will never be paid, and the related takeover that will never be completed, have both been spun as great news for the plucky bestest few.

But in the small print of the story we see the FL have driven a bus through the incident-free exit plan and have nicely paved the way for penalties - and even Trevor Perch was rattled by that little gem.

Perhaps the FL beast is stirring at last...

 

Not a single plucky hero has gone - in fact Mokoena who was alleged to have departed seems to have returned - but peering through the spin last week we thought that deal wasn't done.

The loyal players will be asked to accept reduced terms over ridiculous timescales - and we all know one fact - if they accept terms, they will never get paid.

But Rallyboy you dozy nutjob, the money to pay them is ringfenced.....yeah Barbie-botherer, course it is, just keep stacking those shelves and pretending that everything is okay.

 

What else have I missed?

Despite having a promotion warchest of less loose change than Avram's little shaking fingers can tuck into a moving G-String on a dimly-lit podium, UnAppy is STILL talking to Premier League players??

When will they learn?

 

And the nutjobs seem to have released their own range of leisurewear...yeah I can see Kate Moss strutting up a Paris catwalk with one of her fried egg tits hanging out of a WTFILN string vest.

 

And you've all rigged a poll that exists primarily to promote a utility company.

 

As a result we will probably be treated to the sight of a granite tableau of Avram being pleasured by a whore, adjacent to Lampitt stealing money from a wheelchair-bound child who is distracted by a passing mobility scooter.

 

Outside the football ground this tribute would seem apt, but within a year this stone monstrosity will be between the squirty cheese counter and the Sunny Delight promotional display just inside the doors of Tesco Fratton, and will look ridiculously out of place.

They'll have to use Avram as a coat hook.

I hope you nutjobs can live with that.

 

 

 

 

*no debt repaid, no wagebill reduction, no new players, same old spin - nothing has happened at all!

 

 

Missed your posts rally boy :-)

[Matthew Le God]

Edited 29 June, 2012 by Matthew Le God

[trousers]

----> Rallyboy

[eurosaint]

 

To be fair, there's not much in it, if their stripes were red I think I'd prefer it

[Dark Munster]

Quite. Or it may even be that say 7 or 8 of the high earners that are currently on contract do a deal and get very little, then the 2 or 3 remaining get loads of money. That makes the players even more likely to hang on.

PLUS there is a faint hope that the PFA may get some money out of the parachute payments in liquidation.

 

Who is going to blink first?

 

[hypochondriac]

FFS the statue is second now

[dubai_phil]

 

like

[vindaloo73]

It's Takeover Friday - Port Vale, Notts Forest, Watford!!! The poor inbreds??? Going under!!! How sick they must feel when they read these stories!!

[trousers]

It's Takeover Friday - Port Vale, Notts Forest, Watford!!! The poor inbreds??? Going under!!! How sick they must feel when they read these stories!!

 

Not forgetting Wycombe Wanderers...

 

http://mobile.wycombewanderers.co.uk/runtime/wycombe/article?articleId=2827570

[St Lightjaw]

It's Takeover Friday - Port Vale, Notts Forest, Watford

 

Not forgetting Wycombe Wanderers

 

 

Plus investment at Leeds http://www.bbc.co.uk/sport/0/football/18644182

 

New ground for Brentford http://www.bbc.co.uk/sport/0/football/18642637

 

 

Lots of investment reading ceefax! None for Portsmouth.

 

 

Pleased for Port Vale

Edited 29 June, 2012 by St Lightjaw

[Weston Super Saint]

Plus investment at Leeds http://www.yorkshirepost.co.uk/sport/football/leeds-united/leeds-united-buyout-latest-friday-1-4686878

 

New ground for Brentford http://www.bbc.co.uk/sport/0/football/18644182

 

 

Lots of investment reading ceefax! None for Portsmouth.

 

 

Pleased for Port Vale

 

Sorry, what?

 

I'd forgotten what that was!

[hypochondriac]

No promises, but I have a feeling that the statue vote is about to swing again back to the third option.

[St Lightjaw]

Sorry, what?

 

I'd forgotten what that was!

 

 

lol !

 

Ceefax has gone very high tech now on digital. Footie news from all regions.

 

It's like a very slow laptop .... for old people .... like me .....

[Truckasaurus]

It's liquidation isn't it. No movers eh Trev? How much money has been spent on wages in the last six months ?

 

HOW MUCH ? Well i don't know, but i bet it is alot..........maybe Millions of pounds stirling.

 

This is what one of those millions looks like £1,000,000 (look f***ing smart in your bank statement)

 

Well i think too much time and money has been wasted trying to keep afloat a sinking ship,really it has become beyond a joke and i believe and i've been saying it for ages that poopey WILL be liquidated.

 

God bless a pint of 49er

[andysstuff]

It's liquidation isn't it. No movers eh Trev? How much money has been spent on wages in the last six months ?

 

HOW MUCH ? Well i don't know, but i bet it is alot..........maybe Millions of pounds stirling.

 

This is what one of those millions looks like £1,000,000 (look f***ing smart in your bank statement)

 

Well i think too much time and money has been wasted trying to keep afloat a sinking ship,really it has become beyond a joke and i believe and i've been saying it for ages that poopey WILL be liquidated.

 

God bless a pint of 49er

 

I think their bigger worry is how much of the wagebill have they deferred in the last six months.

 

I guess that's God Bless Ticking Timebombs.

[brightspark]

The revelation that was somewhat skipped over by most on here was that Birch had put a $5000 (sorry the $ - don't have pounds on my keyboard) ceiling on all weekly wages.

 

SO:

 

Tal Ben Haim: $36,000. Deferred Amount: $31,000

King Kanu: $13,000. Deferred Amount: $8,000

Liam 'ticket office' Lawrence: $20,000. Deferred Amount: $15,000

Dave '20 Goals a Season' Kitson: $20,000. Deferred Amount: $15,000

David Norris: $20,000. Deferred Amount: $15,000

Erik the Viking: $15,000. Deferred Amount: $10,000

Aaron Mokoena: $10,000. Deferred Amount: $5,000

Hayden Mullins: $15,000. Deferred Amount: $10,000

Greg '14 days notice' Halford: $10,000. Deferred Amount: $5,000

 

APPROXIMATE DEFERRED TOTAL PER WEEK: $114,000

 

TOTAL DEFERRED SINCE ADMINISTRATION APPROX: $1.7 MILLION

 

That's 1.7mil that those players will never ever see again, no matter what they say, no matter what they sign, no matter over how many years they agree to that money being paid back.

 

So what does this mean for football? In my opinion, it means that pompey have gained an unfair sporting advantage by buying players that they cannot afford, therefore denying other teams the chance to have these players at their disposal. And yet, the Football League does f**k all about it. Surely they should be punished for this too!

[brightspark]

The revelation that was somewhat skipped over by most on here was that Birch had put a $5000 (sorry the $ - don't have pounds on my keyboard) ceiling on all weekly wages.

 

SO:

 

Tal Ben Haim: $36,000. Deferred Amount: $31,000

King Kanu: $13,000. Deferred Amount: $8,000

Liam 'ticket office' Lawrence: $20,000. Deferred Amount: $15,000

Dave '20 Goals a Season' Kitson: $20,000. Deferred Amount: $15,000

David Norris: $20,000. Deferred Amount: $15,000

Erik the Viking: $15,000. Deferred Amount: $10,000

Aaron Mokoena: $10,000. Deferred Amount: $5,000

Hayden Mullins: $15,000. Deferred Amount: $10,000

Greg '14 days notice' Halford: $10,000. Deferred Amount: $5,000

 

APPROXIMATE DEFERRED TOTAL PER WEEK: $114,000

 

TOTAL DEFERRED SINCE ADMINISTRATION APPROX: $1.7 MILLION

 

That's 1.7mil that those players will never ever see again, no matter what they say, no matter what they sign, no matter over how many years they agree to that money being paid back.

 

So what does this mean for football? In my opinion, it means that pompey have gained an unfair sporting advantage by buying players that they cannot afford, therefore denying other teams the chance to have these players at their disposal. And yet, the Football League does f**k all about it. Surely they should be punished for this too!

 

Add Luke 'forgettable' Varney onto that list and you have a total of around $125,000 being deferred a week, up to almost $1.9 MILLION since the wage deferrals began.

[stev2001]

Surely as secured creditors they have just as much right to the PPs as chinny, why would they spread that over a number of years? I can see why chinny wants them gone.

[OldNick]

The revelation that was somewhat skipped over by most on here was that Birch had put a $5000 (sorry the $ - don't have pounds on my keyboard) ceiling on all weekly wages.

 

SO:

 

Tal Ben Haim: $36,000. Deferred Amount: $31,000

King Kanu: $13,000. Deferred Amount: $8,000

Liam 'ticket office' Lawrence: $20,000. Deferred Amount: $15,000

Dave '20 Goals a Season' Kitson: $20,000. Deferred Amount: $15,000

David Norris: $20,000. Deferred Amount: $15,000

Erik the Viking: $15,000. Deferred Amount: $10,000

Aaron Mokoena: $10,000. Deferred Amount: $5,000

Hayden Mullins: $15,000. Deferred Amount: $10,000

Greg '14 days notice' Halford: $10,000. Deferred Amount: $5,000

 

APPROXIMATE DEFERRED TOTAL PER WEEK: $114,000

 

TOTAL DEFERRED SINCE ADMINISTRATION APPROX: $1.7 MILLION

 

That's 1.7mil that those players will never ever see again, no matter what they say, no matter what they sign, no matter over how many years they agree to that money being paid back.

 

So what does this mean for football? In my opinion, it means that pompey have gained an unfair sporting advantage by buying players that they cannot afford, therefore denying other teams the chance to have these players at their disposal. And yet, the Football League does f**k all about it. Surely they should be punished for this too!

I didn't realise that TB had powers like that to cut wages, how about his own?

[rallyboy]

let's not forget the NI and tax implications of that lot too - the PPs are disappearing fast...

 

If we've established anything from the last two years it's that there is no such thing as security when it comes to a debt from pompey.

 

The players shouldn't accept any deals as they will never see the money, and the only creditor with any security is the loan shark, and his grip on the money owed to him is very weak.

 

That's what I don't get, they do deals like the CVA with NO intention of EVER paying a penny, yet it's still business as usual.

It would be politer if they just mugged people in the old fashioned way, at least that has some honesty to it.

I'm a robber, give me your cash.

 

Rather than, sorry, we'll pay some of it back, no really, we will...

 

Same outcome.

[Gemmel]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/pompey-training-plan-wins-support-1-4007320

 

 

So looks like they have been kicked out then

[Chez]

I didn't realise that TB had powers like that to cut wages, how about his own?

to be fair Birch has deferred his sizeable bill to a later date too.

[Chez]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/pompey-training-plan-wins-support-1-4007320

 

 

So looks like they have been kicked out then

 

anyone else smiling at the wonderful comment at the bottom. No need even to reply to a gem like that:

Sailor Sam

9:28 AM on 30/06/2012

If Pompey move back to Portsmouth, Southampton will be losing the only quality football available in their area.

[Pugwash]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/pompey-training-plan-wins-support-1-4007320

 

 

So looks like they have been kicked out then

 

OK. Who's the comedian?

 

If Pompey move back to Portsmouth, Southampton will be losing the only quality football available in their area.

 

Or does it need a few of these?

:facepalm:

[Pugwash]

I didn't realise that TB had powers like that to cut wages, how about his own?

 

I'd like to think he has, but he'll probably wriggle out of it somehow. By deferring £1.7m in wages that he has no means of repaying, he's surely increased the club's debt, hasn't he? So surely TB is liable for said debt?

[Baldsaint]

to be fair Birch has deferred his sizeable bill to a later date too.

 

Had to laugh at the pillock who wants the MOD to subsidise sh1tcity's training facilities. I think the taxpayer has donated enough money to that bunch of thieves.

[Pugwash]

let's not forget the NI and tax implications of that lot too - the PPs are disappearing fast...

 

RB, I'm shocked that you've made such a fundamental error in assuming they'd get paid.

[Saint in Paradise]

RB, I'm shocked that you've made such a fundamental error in assuming they'd get paid.

 

I think you mean anyone and any business who thinks that they will get paid has made the fundamental error

[suewhistle]

I wonder who is going to print the programme for their first game, I wonder if St. Johns will turn up, will they get a safety certificate, will Hampshire Constabulary ask for payment in advance, have SSE asked for a security deposit for the leccy? So many questions...

[pedg]

I wonder who is going to print the programme for their first game, I wonder if St. Johns will turn up, will they get a safety certificate, will Hampshire Constabulary ask for payment in advance, have SSE asked for a security deposit for the leccy? So many questions...

 

That is a key one as I assume it needs to be sorted well before the start of the season? Last year, if I remember correctly, it cost them quite a bit to get the ground a safety certificate (all spun by the news etc as investment in the ground). Luckily for them I suspect the criteria may well be lower for league 1.

[eurosaint]

anyone else smiling at the wonderful comment at the bottom. No need even to reply to a gem like that:

Sailor Sam

9:28 AM on 30/06/2012

If Pompey move back to Portsmouth, Southampton will be losing the only quality football available in their area.

 

That's not only an affront to the Saints but Totton and Eastleigh must be mightily p#ssed off as well

[Whitey Grandad]

How will the Fair Pay Regulations apply when a club has long-term contracts that commit expenditure on players to more than the allowed percentage of turnover? Presumably the parachute payments would be included in the turnover.

 

http://www.football-league.co.uk/page/FLExplainedDetail/0,,10794~2748246,00.html

[holepuncture]

That is a key one as I assume it needs to be sorted well before the start of the season? Last year, if I remember correctly, it cost them quite a bit to get the ground a safety certificate (all spun by the news etc as investment in the ground). Luckily for them I suspect the criteria may well be lower for league 1.

 

Hot water delivered through fat-less pipes might be a requirement.

 

In other news, Gadymack and Leviev are running each other through the courts in a dispute over a diamond deal arranged during the Angolan civil war:

 

http://www.independent.co.uk/news/uk/home-news/who-was-telling-the-truth-in-1bn-diamond-trial-no-one-7899696.html

 

Arkady Gaydamak, 60, – who brought the case in London despite being a fugitive from justice in Israel[/i]

 

The case is the latest series of complex business disputes brought to London by billionaires from Russia and the former Soviet states. Mr Gaydamak gave evidence via video link from Israel because he feared arrest on a European Arrest Warrant after he was sentenced in France to 36 months in jail for money laundering and tax evasion.

 

Sounds familiar to the EAW situation with an ever so slightly more current pompey owner.

 

NIMBY skates please

[Matthew Le God]

Who are more competent - Wycombe Wanderer's fans trust or Portsmouth's fans trust?

 

There is only one way to find out.... FIGHT

 

(alternatively read this)

 

http://www.bbc.co.uk/sport/0/football/18657039

[SOTONS EAST SIDE]

Or maybe this for the blue ****e!! lol

[hypochondriac]

Or maybe this for the blue ****e!! lol

 

Abysmal spelling of you're.

[Weston Super Saint]

Abysmal spelling of you're.

 

Nope.

 

The spelling of 'your' is absolutely fine

[dronskisaint]

 

A day of loving both strips....quality MLG!

[farawaysaint]

I'd like to think he has, but he'll probably wriggle out of it somehow. By deferring £1.7m in wages that he has no means of repaying, he's surely increased the club's debt, hasn't he? So surely TB is liable for said debt?

 

The auditors code of professional conduct requires that they charge a wage that is in line with market totals. (The actual phrasing is something about a fee recquisite as to the time and effort required as well as staffing concerns.) So, don't think he can cut his wage really as the thinking is he has to charge enough to do the job required.

[gaz]

Or maybe this for the blue ****e!! lol

Abysmal spelling of you're.

Nope. The spelling of 'your' is absolutely fine

 

For when you know you're ****.

For when you know your ****.

 

Like a Skate hooker, it works both ways. Ask Uncle Avram.

[Jillyanne]

Is this now the longest thread in the world ever?

[holepuncture]

Who are more competent - Wycombe Wanderer's fans trust or Portsmouth's fans trust?

 

There is only one way to find out.... FIGHT

 

(alternatively read this)

 

http://www.bbc.co.uk/sport/0/football/18657039

 

I wonder if they required political intervention (seriously frowned upon by world sporting bodies), little miss money penny begging to the PM, or the constant vote grabbing PR through the local rag?

 

Did the WW manager bleat in the press that he wants to sign PL players whilst insolvent and continues to do so?

 

Well done Wycombe, a shining example to the deluded residents of the tax haven of portsea.

[Dark Munster]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/pompey-training-plan-wins-support-1-4007320

 

 

So looks like they have been kicked out then

 

Jamie Ashdown believes Pompey will benefit from bringing their training base back to the city. (nice spin, Jamie).

The Blues look likely to leave their Eastleigh training ground and are on the look out for a new set-up.

And Ashdown reckons it will be a positive move to ensure their new home is back in Portsmouth.

Trevor Birch has admitted Pompey are looking at their options, with the Eastleigh lease weighing heavily on them.

The Blues’ former base at HMS Collingwood and a site on Portsea Island have been mooted as possible options moving forward.

[Saint in Paradise]

Is this now the longest thread in the world ever?

 

It would seem not as according to urban dictionary:-

Longest thread 2 up, 4 down

 

My Little Pony: Friendship is Magic! is probably the longest thread to have been created. It was hosted on MMO-Champion.com, hit 239,345 posts

and 11,968 pages before it had to be locked cause of technical limitations. Another thread has been started in its place, My Little Pony - Friendship

is Magic (part 2). As of 27-10-2011 you can still catch the original thread in MMO-Champion's search feature if you want to check out this part

of internet history.

 

Bet that thread doesn't have as many "nut-jobs" as this one though

[Ohio Saint]

Bet that thread doesn't have as many "nut-jobs" as this one though

 

Google "Brony" I bet it does! (I learn some truly useless info in my job)

[ericofarabia]

Google "Brony" I bet it does! (I learn some truly useless info in my job)

 

LOL .... about as convincing as .. the old "I have a friend who .... blah blah blah bumhole .... blah ... salad dressing bla blah etc"

 

[Pugwash]

Jamie Ashdown believes Pompey will benefit from bringing their training base back to the city. (nice spin, Jamie).

The Blues look likely to leave their Eastleigh training ground and are on the look out for a new set-up.

And Ashdown reckons it will be a positive move to ensure their new home is back in Portsmouth.

Trevor Birch has admitted Pompey are looking at their options, with the Eastleigh lease weighing heavily on them.

The Blues’ former base at HMS Collingwood and a site on Portsea Island have been mooted as possible options moving forward.

 

I must say, the blue painted dwellings and the palm trees gently swaying in the breeze give it a real 'Island in the Sun' look. Perhaps that's a native's blowpipe in the right foreground?