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Pompey Takeover Saga


Fitzhugh Fella

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Blackburn

Coventry

Crystal Palace

Ipswich

Leeds

Middlesbrough

Norwich

Forest

Oldham

Sheffield United

Sheffield Wednesday

MK Dons / AFC Wimbledon

 

 

Middlesbrough do have a renowned youth system

Coventry are obviously in need of an investor

Forest have a rich history and a recent takeover, could they be looking for other investors?

Or are AFC Wimbledon getting big ideas?

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You can see Clarkes comments from the Parliamnetary committee stream earlier:

 

http://www.parliamentlive.tv/Main/Player.aspx?meetingId=11262

 

You also get some funny comments from Mr Lampitt about governance and regulation of clubs to stop the going all quality over quantity!

 

Lampitt says the FCR is wrong (despite registering himself as a FC to the detriment of local creditors)!

 

Later on Lampitt gets mugged off for being the former CEO of disgraced pompey. In fact pompey gets a few mentions... you can see the committee members just want to bang on about pompey but the restrain themselves and talk about 'a club that gets itself in distress'...

 

Clarke was rather scathing about the viability of trust ownership of clubs, saying they had no chance outside of L2/Non-League...

 

and in other news:

 

 

the trust bid launches! Pledges now have to go from £100 to £1000, it will be interesting to see what happens now, especially after Derry believes they have absolutely no chance.

 

And then there was this in Chinnys local newspaper:

 

mQAbj.jpg

 

 

The problem that Save Our Saints had was the the same problem PST will have. The money was running out, Pinnacle wasted everybody's time as preferred bidder and the only thing that saved us was a buyer able to write out a cheque immediately. Any group that has to wait until the clock is run down cannot react quickly enough. Chanrai will have to pull out which would leave PST the only show around and Birch will have to fund the club until money is raised. Providing of course the expensive players walk.

 

Liquidation and using the money raised to form a phoenix club seems a more reasonable solution.

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They really have some ****ing idiots amongst their support. This was posted on another forum.

 

"We have some fantastic trialists at the club atm, I would be ecstatic if we could sign them all + make up the rest of the squad with accademy players. McLeod (22 league goals last year) and Luke Rodgers (100+ goals in 300 fl appearences) upfront, Gillet and Lloyd Sam on the wings, Brian Howard and Ashley Harris in CM, Harley at left back, Magri and Webster at CB, and Dumbuya at right fall back/right wing back...

 

MINUS 10, WHO GIVES A ****, WE'RE SUPER POMPEY, AND WE'RE GOING UP! It may not even be -10 , but both Scum and Leeds have proved that it's possible to up near the top after a deduction".

 

 

 

 

I dont know if this has been posted, but here's the run down on their trialists.

 

http://pompeypages.com/2012/07/16/the-full-low-down-on-pompeys-trialists/

 

I love this bit;

 

"With over 300 appearances in the Football League and over 100 goals to his name, the 30-year-old Englishman, who is a former strike-partner of Thierry Henry, is a proven goalscorer and could front Pompey’s strike-force next season if the trial goes well.Although Rodgers has a slightly dodgy past, with a criminal record for hitting a 16-year-old girl with a firework, causing a disturbance in Nottingham city centre after a night out with his Notts County team-mates, and assaulting Hartlepool defender Chris Westwood"

Edited by Lord Duckhunter
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Looks like someone forgot to pack the Monopoly...

 

@officialpompey: Everyone gathered after dinner for the quiz #pompey

 

They should have asked some of the creditors along to ask the questions...

 

Question 1: "Oi, where's my ****ing money?!"

Edited by trousers
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Looks like someone forgot to pack the Monopoly...

 

@officialpompey: Everyone gathered after dinner for the quiz #pompey

 

Ok, ready?

 

Question No 1 (you'll all need to know this if you're going to play for the bestest club)

 

How much did we pay Creditors on our first CVA?

 

No? Ok, how about this. Question 2

 

What percentage of due wages have been paid to our players in the last 6 months?

 

Still No? How about this. Question 3

 

How much is Kanu claiming to be owed over what period?

 

Right, last one. Question 4

 

If we say we'll give you £2,000/week. What will we actually give you?

 

Wait.... come back.... what do you mean you don't want to sign for us????? We might be able to pay you (later)!

 

FFS

Edited by Winchester Red
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I think there might be some milage in getting Rallyboy onto some more creative writing.

 

The Secret Diary of Trevor Perch, Age 45 3/4

 

The story of a top notch football administrator who lives with his mum and secretly suffers from fear of the dark and irritable bowel syndrome, driven to the brink of despair by his affair with a local Newspaper Journo and his role of trying to rescue the bestest football club in the world (or that's what his tattoo covered book store owning half-brother told him when he agreed to take the job). Despised by his Partners for continually accepting work that doesn't pay and soon to be struck off HMRC's preferred list when they realise he's kept the club running for 6 months longer than necessary therefore even further diluting their already miniscule return on monies owed.

 

What do you think Rallyboy? Worth a daily entry of between 1 and 1000 words? I'll even do Day 1 for you?

 

Tuesday 17 July

Spoke to lovely My Chinny today about the FL statement. He said he'd get back to me later and told me to stop reversing the charges. I think he likes me!

Not sure the team Manager Mr Appy does though. He seemed most upset when I told him his budget for team building was 2 packets of plain digestives and a can of 7up. He also seemed a bit put out when I told him that he and his friends have been booked 'open-air' accommodation for their Gib trip under that lovely motorway flyover just south of the spanish border. What does he think I am? Made of money? Never mind, when Mr Chinny comes up trumps and pumps £20m into the club like he promised via his tubby arabian friend who looks like an ice cream salesman the club can go to a level you just won't believe!!!

Edited by Winchester Red
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They really have some ****ing idiots amongst their support. This was posted on another forum.

 

"We have some fantastic trialists at the club atm, I would be ecstatic if we could sign them all + make up the rest of the squad with accademy players. McLeod (22 league goals last year) and Luke Rodgers (100+ goals in 300 fl appearences) upfront, Gillet and Lloyd Sam on the wings, Brian Howard and Ashley Harris in CM, Harley at left back, Magri and Webster at CB, and Dumbuya at right fall back/right wing back...

 

MINUS 10, WHO GIVES A ****, WE'RE SUPER POMPEY, AND WE'RE GOING UP! It may not even be -10 , but both Scum and Leeds have proved that it's possible to up near the top after a deduction".

 

 

 

 

I dont know if this has been posted, but here's the run down on their trialists.

 

http://pompeypages.com/2012/07/16/the-full-low-down-on-pompeys-trialists/

 

I love this bit;

 

"With over 300 appearances in the Football League and over 100 goals to his name, the 30-year-old Englishman, who is a former strike-partner of Thierry Henry, is a proven goalscorer and could front Pompey’s strike-force next season if the trial goes well.Although Rodgers has a slightly dodgy past, with a criminal record for hitting a 16-year-old girl with a firework, causing a disturbance in Nottingham city centre after a night out with his Notts County team-mates, and assaulting Hartlepool defender Chris Westwood"

 

But that's true. They played together over here at the NY Red Bulls. I went to see them a few times. Rodgers looked pretty good (albeit at this level), was more of a handful than Thierry and scored on that day. If I were Pompey I would be pleased to see him join. In fact the point about the quality of trialists, I hate to say it, I agree with him on.

 

I don't think they'll get promoted though. Not even close.

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Their pre-season 'Planes, Trains and Automobiles' fiasco combined with the ten point deduction sank their Battleship last year, here's hoping for a repeat. As it stands they are shaping up to have the equivalent of the squad that completed the Manchester United season after the Munich Air Crash - loans, freebies and youth team. Birch is no doubt hoping the main squads fete befalls the Cotterills Babes left at home via a minibus crash on the M27.

 

Sha la la la la la WTFILN?

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good email that Mr T.

 

I was a little surprised that a senior politician would advertise his ignorance quite so clearly*

He obviously has NO grasp of the facts whatsoever, and his letter will be treated with disdain by the football authorities - and rightly so.

 

 

 

Lots more politicians seem to do the same especially Ken Clark and Teresa May :lol::lol:

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Just been walking to work after parking my car up in the city this morning (8am), and started following behind two guys. Now these two guys were the type of people many would cross the road to avoid. They were in normal clothes (15 yr old style trackie tops and jeans) that looked like they had just been slept in......for the past few months (you know with that tramp like brown tinge to them), had an aroma that suggests that their water bill will be minimal, were slurring their words, were talking to themselves (yes there were two of them and yes they were chatting but no converstion, they were definately talking to themselves) and one had a tattoo of a spider's web (from what I could make out from beneath the dirt) covering half his face. The only thing that defined them from tramps or pikies was that they exited from a house. Anyway as I approached the tattoed guy I noted he was wearing a beanie with a crest on it............yup you guessed it a blue crest with star & crescent in it.

 

This is my morning walk to work........in Adelaide 10,133.5 miles away.

 

It doesn't matter where you are in the world they are all the same! You can take a Skate out of Portsea Island but you can't take the Portsea Island out of a Skate!!

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"Mitchell predicted Pompey would give Cherries their “hardest game of the season” at Fratton Park next month. He also revealed

the restaurant at Dean Court had already almost sold out for the return fixture in February.

 

What will be on the menu I wonder? Ah perhaps skate??

 

Mind you I kind of expect them to play their fixtures as they will somehow get some idiot to buy and run them. :x

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You can see Clarkes comments from the Parliamnetary committee stream earlier:

 

http://www.parliamentlive.tv/Main/Player.aspx?meetingId=11262

 

You also get some funny comments from Mr Lampitt about governance and regulation of clubs to stop the going all quality over quantity!

 

Lampitt says the FCR is wrong (despite registering himself as a FC to the detriment of local creditors)!

 

Later on Lampitt gets mugged off for being the former CEO of disgraced pompey. In fact pompey gets a few mentions... you can see the committee members just want to bang on about pompey but the restrain themselves and talk about 'a club that gets itself in distress'...

 

Clarke was rather scathing about the viability of trust ownership of clubs, saying they had no chance outside of L2/Non-League...

 

and in other news:

 

 

the trust bid launches! Pledges now have to go from £100 to £1000, it will be interesting to see what happens now, especially after Derry believes they have absolutely no chance.

 

And then there was this in Chinnys local newspaper:

 

mQAbj.jpg

 

Ah looks like it could be Leeds who seem to be up for grabs at the moment.

 

A Sheikh with no money.

 

Now where have we heard that story before?

 

– one Sheikh Abdulrahman bin Mubarak Hamad Al Khalifa, a member of the Bahrain ruling dynasty.

 

The sheikh, or at least his money, was a regular at all the big UK meets a few years back, and in 2008 invested in a couple of nags – Dear Maurice and Royal Jazra. But neither his investment nor betting turned out to be profitable. After a fall-out, the horses were returned to their owners and it's come to Dashwood's attention that the sheikh has now run up debts of £375,000 with his former bookie, Spreadex.

 

My man in the betting ring said: "The company has been in contact with the Bahrain Royal Family council for 18 months now on this matter." Spreadex declined to comment.

 

Oh well, on to the sheikh's other passion – the indebted Leeds United. The footie fan led a failed takeover of the then Premier League side in 2003 and reports out of Bahrain name him as a key figure in a Middle East consortium poised to take over Elland Road.

 

 

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Does anyone know the deadline for Chinney to complete the purchase I thought it was 28 days from the CVA 2 meeting but not sure if i'm rightthen it's Monday

 

IIRC, the 28 days was the deadline for the Trust to formalise their 'bid'. I don't believe there is a fixed deadline for Chainrai, per se. (well, not a 'public domain' one anyway). Not 100% sure though.

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A quick thought...I wonder what the rest of the squad are doing? Have they left all 8 of their senior players at home twiddling their thumbs? Not exactly ideal preparation for the coming season, even if they do offload a few players, the core of their squad will be at least a couple of weeks behind every other team in the league. Meanwhile Pompey "B" are having a jolly abroad made up of players the FL will hopefully not even allow them to sign. This is even better than the stupid American adventure last season haha

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@officialpompey: Michael Appleton says #Pompey can benefit from Spanish trip, despite leaving senior players at home: http://t.co/a6blTcHa

 

Ha guess that answers my question. Ostracise all the players on the books in the hope they will decide to leave. Only problem being, you owe these players a LOT of money, chances are, if you **** them off, they will start demanding their full amount, whether it kills the club or not.

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I'll have a tenner on no reply.

 

You lose, Shroppie. You do the man an injustice. Just a few minutes ago, I received this erudite response from Gerald V-J apologising profusely for his error and thanking me for putting him right.

 

Many thanks, and really helpful.

 

Best wishes

 

Gerald VJ

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You lose, Shroppie. You do the man an injustice. Just a few minutes ago, I received this erudite response from Gerald V-J apologising profusely for his error and thanking me for putting him right.

 

Many thanks, and really helpful.

 

Best wishes

 

Gerald VJ

 

Well, that tells you all you need to know! :)

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You lose, Shroppie. You do the man an injustice. Just a few minutes ago, I received this erudite response from Gerald V-J apologising profusely for his error and thanking me for putting him right.

 

Ok, you win on a technicality. But can you really call that a reply?

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IIRC, the 28 days was the deadline for the Trust to formalise their 'bid'. I don't believe there is a fixed deadline for Chainrai, per se. (well, not a 'public domain' one anyway). Not 100% sure though.

 

I thought it was the 'cooling-off' period before the CVA is either passed or rejected, and the trust also had that time in which to put forward any counter bid. I think Monday is quite significant, but some-one cleverer than me needs to look back on the original CVA proposal to confirm this.

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I thought it was the 'cooling-off' period before the CVA is either passed or rejected, and the trust also had that time in which to put forward any counter bid. I think Monday is quite significant, but some-one cleverer than me needs to look back on the original CVA proposal to confirm this.

 

Correct, there is a 28 day cooling off period, after which the CVA is tied up in a red bow. That 28 days was also the time frame that PST had to get their bid in, which is ready to be submitted.

 

All has to be done by next week one way or another.

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Correct, there is a 28 day cooling off period, after which the CVA is tied up in a red bow. That 28 days was also the time frame that PST had to get their bid in, which is ready to be submitted.

 

All has to be done by next week one way or another.

 

Are you certain of this VFTT? I had a 'discussion' with one of their Trust blokes recently where he claimed that the 28 days was only about a period of exclusivity for Chainrai , and that when that was waived to allow the trust to bid as well, the 28 day deadline disappeared.

 

The BBC report at the time did say the trust had to bid within the 28 days or Chainrai's bid would go ahead, but this bloke was adamant that the BBC were wrong. But when I asked , so is there any time limit by which Chainrai has to make good on his bid and actually buy the club, he ... err ... 'declined to answer' !

 

The trust's own bid has been "about to go in as a firm bid" for as long as I can remember. I think the reality is either a) they just don't have enough money and their rich partners are fiction, or b) they will not make their bid firm until after the big wage players leave -- if they do.

 

Anyone here know the rules on CVAs? Is Clapham Saint around?

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Are you certain of this VFTT? I had a 'discussion' with one of their Trust blokes recently where he claimed that the 28 days was only about a period of exclusivity for Chainrai , and that when that was waived to allow the trust to bid as well, the 28 day deadline disappeared.

 

The BBC report at the time did say the trust had to bid within the 28 days or Chainrai's bid would go ahead, but this bloke was adamant that the BBC were wrong. But when I asked , so is there any time limit by which Chainrai has to make good on his bid and actually buy the club, he ... err ... 'declined to answer' !

 

The trust's own bid has been "about to go in as a firm bid" for as long as I can remember. I think the reality is either a) they just don't have enough money and their rich partners are fiction, or b) they will not make their bid firm until after the big wage players leave -- if they do.

 

Anyone here know the rules on CVAs? Is Clapham Saint around?

 

believe me, they were seeing red last night & two committee members that are easy to bait confirmed it was completed & ready for submission.

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Are you certain of this VFTT? I had a 'discussion' with one of their Trust blokes recently where he claimed that the 28 days was only about a period of exclusivity for Chainrai , and that when that was waived to allow the trust to bid as well, the 28 day deadline disappeared.

 

The BBC report at the time did say the trust had to bid within the 28 days or Chainrai's bid would go ahead, but this bloke was adamant that the BBC were wrong. But when I asked , so is there any time limit by which Chainrai has to make good on his bid and actually buy the club, he ... err ... 'declined to answer' !

 

The trust's own bid has been "about to go in as a firm bid" for as long as I can remember. I think the reality is either a) they just don't have enough money and their rich partners are fiction, or b) they will not make their bid firm until after the big wage players leave -- if they do.

 

Anyone here know the rules on CVAs? Is Clapham Saint around?

 

Chinnys CVA has been agreed/accepted, however Balram himself wont proceed unless the quality over quantity move on shalala... also the FL have made it clear he has to shave off more than half his secured debt to get the golden share... I suspect this was to do with the fact pompey could effectively stay in administration until those parachutes come along, and then Chinny could pocket the lot and head off to the BVI...

 

He could take the hair cut on his secured debt, and pay himself a £2m PA non-exec salary for a few years instead I guess.

 

One thing we do know, he is secured, he will get his money back.

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Let us not get too obscured here.

 

THERE IS NO CVA.

 

There is a CONDITIONAL CVA.

 

The Conditional CVA will come into effect IF the Conditions are met within the 28 day period.

 

In THEORY if Chinny decides the conditions are not met then the trust COULD make a new CVA proposal (ie offer)

 

So while they may be ready in theory the PST could make a CVA offer of far LESS than Chinny offered IF they wait and IF they think Chinny will walk.

 

Sooooooo

 

 

Players are not moved on.

TB & team not trying to move the players.

 

That makes Chinny walk, Pompey Fans Trust can make an offer the next day and THEN the players can decide to walk "In the interests of the sport"...

 

In other words.

 

I smell Chinny being stitched up. I may be wrong but it fits

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There isn't a 28 day deadline any more. This BBC interview with TB straight after the CVA meeting clears that up, from about 4 mins in until the end. Creditors do have 28 days to appeal against the CVA, but he doesn't expect that to happen. He says he expects that moving the players on will take more than 28 days, and doesn't rule out still being in admin at the start of the league season against Bournemouth.

 

However, do bear in mind that the interview was before the FL imposed their conditions on sale. Now that they have, I'm not sure that he will be so keen to hang on in there if there is a distinct possibility that there will not be a buyer at the end of the day.

 

I think the next "deadline" is payday.

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I just got this photo of the FL disciplinary committee, taken just after they read about Pompey "leaving all their dross at home to be shown the door by TB" while taking a complete new squad of free "trialists" on a European tour:

 

 

:facepalm: :facepalm: :facepalm: :facepalm: :facepalm:

 

:facepalm: :facepalm: :facepalm: :facepalm: :facepalm:

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I just got this photo of the FL disciplinary committee, taken just after they read about Pompey "leaving all their dross at home to be shown the door by TB" while taking a complete new squad of free "trialists" on a European tour:

 

 

:facepalm: :facepalm: :facepalm: :facepalm: :facepalm:

 

:facepalm: :facepalm: :facepalm: :facepalm: :facepalm:

perhaps it is good business. The trialists told to go on their own steam and so costs are kept low, whilst no appearance money etc is paid to the contracted players
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Are you certain of this VFTT? I had a 'discussion' with one of their Trust blokes recently where he claimed that the 28 days was only about a period of exclusivity for Chainrai , and that when that was waived to allow the trust to bid as well, the 28 day deadline disappeared.

 

The BBC report at the time did say the trust had to bid within the 28 days or Chainrai's bid would go ahead, but this bloke was adamant that the BBC were wrong. But when I asked , so is there any time limit by which Chainrai has to make good on his bid and actually buy the club, he ... err ... 'declined to answer' !

 

The trust's own bid has been "about to go in as a firm bid" for as long as I can remember. I think the reality is either a) they just don't have enough money and their rich partners are fiction, or b) they will not make their bid firm until after the big wage players leave -- if they do.

 

Anyone here know the rules on CVAs? Is Clapham Saint around?

 

There is a 28 day period after a CVA vote for creditors to object (either on a procedural issue or claiming that the CVA is manifestly unfair).

 

Anybody pottentiall putting money into the company (Chinny in this case) will want this period to expire before then pay anything over.

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There is a 28 day period after a CVA vote for creditors to object (either on a procedural issue or claiming that the CVA is manifestly unfair).

 

Anybody pottentiall putting money into the company (Chinny in this case) will want this period to expire before then pay anything over.

 

So after the 28 days is up, what happens to the offer that is on the table (assuming it has been withdrawn)?

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perhaps it is good business. The trialists told to go on their own steam and so costs are kept low, whilst no appearance money etc is paid to the contracted players

You're starting to think like them Nick. You need a holiday.

 

p.s.

 

My spy has just sent me this photo, taken after the committee read that the Trust is ready with a bid to buy the club:

 

:lol: :lol: :lol: :lol: :lol:

 

:lol: :lol: :lol: :lol: :lol:

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