Jump to content

Pompey Takeover Saga


Fitzhugh Fella

Recommended Posts

‘My agent’s phone has been busy but I have always known right from the start this is the main place I wanted to come

 

I bet it has - saying make sure you get your fees up front , don't agree to any relegation clause , get image rights at 35% and be prepared to fight his corner when he don't get paid

Link to comment
Share on other sites

Pompey OS

 

This is an urgent plea to creditors of Portsmouth City Football Club Ltd, the old company which entered administration in February 2010.

 

The club need all such creditors to contact us with names, addresses and email addresses immediately as a matter of great importance.

 

Time is of the essence as the fight goes on to save this great football club with 114 years of glorious history behind it.

 

2010 creditors are vital to the process.

 

We need these details so that we can contact all 2010 creditors, inviting you to decide whether you are in favour of or opposed to the latest CVA proposal approved in June 2012 in order that we can lobby The Football League to reinstate the 10 points that have been deducted.

 

Please email your name, address and details to info@pompeyfc.co.uk

Looks like shiť or bust time has arrived.

 

Risky strategy to take on the FL, so clearly there is no buyer unless the sanctions are lifted. Not just the points, that's the least of their worry.

 

Also interesting to resort to pleading on the OS. They could have just asked Baker Tilley nicely for the information they want. Or maybe they did.

 

I can see vans out all over Portsea with those megaphone loudhailers on the roof, searching desparately for last-minute creditors.

Link to comment
Share on other sites

ok whats going on now! trying to get back their 10 points?

 

http://www.portsmouthfc.co.uk/LatestNews/news/Urgent-Plea-To-2010-Creditors-3538.aspx

 

This is an urgent plea to creditors of Portsmouth City Football Club Ltd, the old company which entered administration in February 2010.

 

The club need all such creditors to contact us with names, addresses and email addresses immediately as a matter of great importance.

 

Time is of the essence as the fight goes on to save this great football club with 114 years of glorious history behind it.

 

2010 creditors are vital to the process.

 

We need these details so that we can contact all 2010 creditors, inviting you to decide whether you are in favour of or opposed to the latest CVA proposal approved in June 2012 in order that we can lobby The Football League to withdraw the 10 point deduction.

 

 

Surely they should have all this info on record?

Link to comment
Share on other sites

Looks like shiť or bust time has arrived.

 

Risky strategy to take on the FL, so clearly there is no buyer unless the sanctions are lifted. Not just the points, that's the least of their worry.

 

Also interesting to resort to pleading on the OS. They could have just asked Baker Tilley nicely for the information they want. Or maybe they did.

 

I can see vans out all over Portsea with those megaphone loudhailers on the roof, searching desparately for last-minute creditors.

 

It truly is astounding how that cess pit of a club has treated it's creditors in the past.

 

To rub salt into the wounds, they now don't even know - or, I suspect, care - who the creditors are!

 

To them it's just a cash cow to be milked to the max. Appalling club with appalling fans. It really is time to liquidate!

Link to comment
Share on other sites

Pompey OS

 

This is an urgent plea to creditors of Portsmouth City Football Club Ltd, the old company which entered administration in February 2010.

 

The club need all such creditors to contact us with names, addresses and email addresses immediately as a matter of great importance.

 

Time is of the essence as the fight goes on to save this great football club with 114 years of glorious history behind it.

 

2010 creditors are vital to the process.

 

We need these details so that we can contact all 2010 creditors, inviting you to decide whether you are in favour of or opposed to the latest CVA proposal approved in June 2012 in order that we can lobby The Football League to reinstate the 10 points that have been deducted.

 

Please email your name, address and details to info@pompeyfc.co.uk

 

 

Looks like shiť or bust time has arrived.

 

Risky strategy to take on the FL, so clearly there is no buyer unless the sanctions are lifted. Not just the points, that's the least of their worry.

 

Also interesting to resort to pleading on the OS. They could have just asked Baker Tilley nicely for the information they want. Or maybe they did.

 

I can see vans out all over Portsea with those megaphone loudhailers on the roof, searching desparately for last-minute creditors.

 

th_dice3.gif

 

toaster_toast_md_wht.gif

Link to comment
Share on other sites

Its a good deal for him. Sign on for three years at £30,000pw and £1m joining fee, knowing he will never get paid by Pompey. Wait a month with no money, declare breach of contract and walk away at 14 days notice. Claim money owed through PFA and parachute payments

Edited by buctootim
Link to comment
Share on other sites

How will they vet the validity of anyone emailing them if they don't know who the creditors are in the first place? Can't they simply ask Baker Tilly for a list....?

Edited by trousers
on second thoughts...
Link to comment
Share on other sites

LOL again so the Poopey want people who the club have screwed over not once but twice, to now help them out to get their minimum penalty withdrawn. Good luck with that then.

Help save this shoddy shambles of an excuse for a football club with 114 yrs of administration & screwing over creditors & the tax paying people of this country.

More like put them down now.

Link to comment
Share on other sites

Dear HMRC, Sol Cambell, Kanu & Paul Hart

 

Although you voted against the 20p in the pound in the last CVA, can you confirm in writing that you are happy that this was reduced to 0.04p in the latest CVA?

 

Thank you for your help

 

Old Birchy

Link to comment
Share on other sites

Izla Mac is KEEN to make the move:rolleyes: Izale Mc Leod

 

Coz he has been promised the usual bullllshiiiiite Pompey wages :p

 

ie The lure of the big wonga compared to the other clubs more realistic wage offer.:)

 

How many players on Pompey salaries where Pompey have gazumped other honest football clubs....:o

 

To be fair to other clubs, I think that should read

'How many players on Pompey salaries where Pompey have gazumped honest football clubs'

Link to comment
Share on other sites

How will they vet the validity of anyone emailing them if they don't know who the creditors are in the first place? Can't they simply ask Baker Tilly for a list....?

You're missing the point trousers. I could send him that list, and so could half the people on this board. It's a public document.

 

That's not what he wants. If he has to drum up support from all the names on that list he's dead in the water.

Link to comment
Share on other sites

It truly is astounding how that cess pit of a club has treated it's creditors in the past.

 

To rub salt into the wounds, they now don't even know - or, I suspect, care - who the creditors are!

 

To them it's just a cash cow to be milked to the max. Appalling club with appalling fans. It really is time to liquidate!

 

Dont forget AA mysteriousy found some extra creditors thereby making the HMRc share too small to outvote the others in CVA1. It may be quite difficult to find them again!

Link to comment
Share on other sites

Any idea what this is all about? Sounds like Birch has been tinkering with the original creditors report?

 

pompeyflag_normal.jpg GazzaTowns ‏@GazzaTowns

@SuppDirect still waiting to hear Lampitt has withdrawn his £250k claim after calling the FC rule unfair ‪#pompey‪#lampittout

 

GazzaTowns ‏@GazzaTowns @fcryanhttp://www.portsmouth.co.uk/sport/pompey/p … £250k is listed on the report given PKF, and Mr Lumpitt tried to justify it here http://www.supporters-direct.org/news/item/inde …%

 

Ryan McKnight ‏@fcryan

@GazzaTowns I've done some digging on this and DL has commented on the issue on the SD website. Also, his claim is not 250k

 

GazzaTowns ‏@GazzaTowns

@fcryan on the 8th of June when this was released by PKF his claim was £231k, http://www.pkf.co.uk/web/pkf.nsf/9B … this link is now dormant

 

GazzaTowns ‏@GazzaTowns

@fcryan the 'personal' claim is for £21k, I expect the balance now forms part of the FC amount as this has gone up,also same as John Regate

 

GazzaTowns ‏@GazzaTowns

@fcryan another director who was claiming £137k on the pdf released 8th June. AGAIN fans are LIED to, LAMPITT ISNT FIT TO BE CEO of SD

 

GazzaTowns ‏@GazzaTowns

@colinfarmery Care to shed some light on why on the 8th June DL claim was £231k, and now the same amended doc is showing £21k? ‪#pompey

Edited by trousers
Link to comment
Share on other sites

Dont forget AA mysteriousy found some extra creditors thereby making the HMRc share too small to outvote the others in CVA1. It may be quite difficult to find them again!

 

I was just thinking that! I wonder if Birch will ask his mates at HMRC if they will state how overwhelmingly satisfied they are with it all too!

 

100% = 20% = 0.04%

 

The best part of this latest underhand scheme by pfc is that the 2010 creditors are still yet to see a penny!

 

Maybe miss money penny can go cap in hand to the prime minister again, although I suspect she has extracted all the PR she needs from the criminal cesspit.

 

Does anyone fancy giving the FL a rest and turn our attention to Birchs deluded and shameful request?

 

info@pompeyfc.co.uk

 

Im gonna utilise a variety of email accounts, if only to bog them down in filtering through my claims to identify me as a non-creditor... and if they reject me I will ask them to double check with the inflator AA.

 

overloaded_mailbox.jpg

Link to comment
Share on other sites

Dont forget AA mysteriousy found some extra creditors thereby making the HMRc share too small to outvote the others in CVA1. It may be quite difficult to find them again!

 

AA to Police on his forthcoming arrest for accounting fraud: 'I'd have gotten away with it if it hadn't been for those pesky creditors!' :hunt:

Link to comment
Share on other sites

I was just thinking that! I wonder if Birch will ask his mates at HMRC if they will state how overwhelmingly satisfied they are with it all too!

 

Thinking about it, aren't we all technically creditors of the 2010 CVA? Us being tax payers and all that....

Link to comment
Share on other sites

Can't see the FL reversing their decision in a million years, even if Terry the builder and a few others agree to 0.04p in the pound. It's as much about sending a message out to other teams as punishing the plucky phew. Expect a 'shut up or the deduction increases' response from the FL.

Edited by andysstuff
Typo
Link to comment
Share on other sites

"Time is of the essence as the fight goes on to save this great football club with 114 weeks of glorious history behind it."

 

I wonder if he managed to keep a straight face whilst delivering that line?

If so, he has a promising future in the acting profession.

 

I have corrected it for them.

Link to comment
Share on other sites

Thinking about it, aren't we all technically creditors of the 2010 CVA? Us being tax payers and all that....

 

Indeed and the basis for my email to them.

 

Greetings Skatelets,

 

This is in response to your urgent plea to creditors of Portsmouth Football Club, the old company which entered administration (again) in February 2010.

 

As a tax payer, I do believe, I fall into the category of being shafted by said company and am therefore forwarding my email address to you.

 

Thanks

 

Wibble

 

 

P.S. I hope the Football League increase the points penalty for your barefaced cheek

 

 

 

Not expecting a reply but it makes me feel better

Link to comment
Share on other sites

Absolutely astonishing that they don't have these on record. They're basically saying we could never have paid them as we binned their claims and never actually had any intention of paying them either!

 

I think Hutch was on the right lines about this earlier....

 

You're missing the point trousers. I could send him that list, and so could half the people on this board. It's a public document.

 

That's not what he wants. If he has to drum up support from all the names on that list he's dead in the water.

 

So, are they trying to get around it by saying to the Football League...."look, we tried to get the 2010 creditors to agree to 2012, just like you asked, but it's not our fault that only 17% of them bothered to reply...." ?

Edited by trousers
Link to comment
Share on other sites

Absolutely astonishing that they don't have these on record. They're basically saying we could never have paid them as we binned their claims and never actually had any intention of paying them either!

 

I know this must be the umpteenth time its been said, but what the hell -one more time with feeling:

"You couldn't make it up"

Link to comment
Share on other sites

Hopefully the Football League will threaten them with the golden share and will scurry back to their sh*t hole!

 

If it was me in charge of the FL, I would say, yeah, no problem appeal away :)

 

However I would also say that the Golden share will be suspended until the appeal has been heard, then inform them that the earliest possible date for an appeal - as we're very busy at the moment! - would be January 2013.

 

That would shut them up fairly quickly I imagine.

Link to comment
Share on other sites

Absolutely astonishing that they don't have these on record. They're basically saying we could never have paid them as we binned their claims and never actually had any intention of paying them either!

 

Not wishing to rain on anyone's parade - but those creditors belong to Oldco, so there is no reason for Newco or PKF to have the contact details for them. Baker Tilly will have the list, it would not surprise me if there is even a copy knocking around Krap Nottarf somewhere, but Birch would probably have to get permission from Baker Tilly before he could use it.

 

Desperate waste of time anyway.

Link to comment
Share on other sites

Indeed and the basis for my email to them.

 

 

 

Not expecting a reply but it makes me feel better

 

Well done. No time to compose anything, so I rehased an old favorite (I will put something together on the weekend):

 

Dear Pompey (whatever comany you are this 1/4er)

 

Your urgent request poped up on my RSS feed calling for CVA 2010 creditors to get in touch, so I felt obliged to contact you, although im not sure why really after the way PFC treats its local community, business partners and sponsors.

 

( http://www.portsmouthfc.co.uk/LatestNews/news/Urgent-Plea-To-2010-Creditors-3538.aspx )

 

So, you want me to confirm I am satisfied that the club I used to love ruined my life? How about a little background...

 

I would like to point out that I was a victim in the previous Portsmouth 2010 administration, and as such I no longer run my freelance photography business as a result of the clubs collapse. A few thousand pounds may not mean much in the world of football but to a one man band like myself it is enough to ruin you. I now work in a shop, but at least I managed to keep my mortgage repayments up.

 

Now, as you are aware us creditors were pushed (I wont go as far as blackmailed) into accepting a CVA which payed a dividend of 20% of the original debt. The payment schedule was over a period of five years, however our first installment was pushed back to 2012. This was never going to solve the problems this administration had placed on my business, as a sole trader I knew it would finish me off either way and as such I simply voted with little care for myself.

 

Whilst I found it incredibly disturbing and deeply insulting to see the club continuing to sanction player purchases and associated salaries, I understand football and the nature of the beast of remaining competitive so it was something I had to accept, even though I was unable to continue my freelance work with the club.

 

To see the club go back into administration again this season was simply staggering, and discovering they had racked up more dozens of millions of debt, whilst never getting round to paying mine or any other poor souls from the creditors meetings a penny of our dividend, left me in a state of almost shock.

 

I am currently receiving correspondence from PKF regarding the 2012 administration (despite having to wind my business up), and I am told the original 2010 CVA debt will now be diluted into a 2012 CVA, and as such the 20% dividend will now be 2% of 20%.

 

What a generous offer from Mr Chainrai!

 

As a result my original debt in full will have gone from approximately £3000 to £12, and more importantly without my consent this time round. Not that I really had a say last time round, as Andronikou kept finding more debts to the point he magically produced the 75% he needed to stop HMRC liquidating the club.

 

That is absolutely scandalous and I cant help but think that if I tried to behave like that, I would be in prison by now!

 

As I have mentioned, I had to wind my business (and dreams) up so the debts owed to me are irrelevant what ever percentage they finally decide this time round.

 

 

So thats my background. Now I will consider your question again, am I in favour of CVA MKI being diluted into CVA MKII without my consent?

 

Let me highlight the financial consideration again: £3000 * 20% * 2% = £12 (with no consent)

 

How about you go and choke. You can shove your CVA and stick your proposals on an expensive trip to Gibraltar. My life is in ruins because of your behaviour, I want to see PFC struck right down to the lowest level of the game, only then will I continue to support the club I formerly loved that destroyed everything I had built up.

 

I sincerely hope you can understand quite how much distress this has cause myself and my family.

 

Regards

 

Paul Gentry

 

PFC fan 1965 - 2010

Link to comment
Share on other sites

Here ya go Trev, page 57.

 

http://www.pkf.co.uk/web/pkf.nsf/9B17ED7F7B6C6DBD80257A1700350840/$file/PFC+%282010%29+Ltd+CVA+proposals+8+06+2012+FINAL+v1.pdf

 

Hmmm, link not working now, Google "Pompey CVA Creditors List", its the 5th link and works directly.

 

Or is this the wrong CVA? I've lost track because they've gone bust so many times.

Edited by gaz
Link to comment
Share on other sites

TB has now lowered himself to feed from the sewer pipe like the rest of them. There he is lying on his back with his mouth open waiting to feed on the next log that falls his way. At no time does he consider the pain that 'great club' has inflicted on the creditors. For every free tour they have on a fan, they have begged, cheated hundreds more and the tax payer on their way to the top table.I suspect many of the decent Pompey fans squirm at the begging letter today and will hate the fact that such an act is being played out in the name of their club.

I am always suspicious of the actions of these people and perhaps Trousers is correct that they are hoping to hoodwink the FL.

I thought when we were given our points penalty that we were told we would not get our golden share or a bigger penalty if we appealed.

Link to comment
Share on other sites

How will they vet the validity of anyone emailing them if they don't know who the creditors are in the first place? Can't they simply ask Baker Tilly for a list....?

 

My first thought too - what kind of company doesn't have a list of it's creditors.....? Oh

 

All right what kind of dodgy administration experts would not be able to provide it....? Ah, beginning to see the problems here...some will have been lost, inflated, hidden....what a farking shambles!

Link to comment
Share on other sites

TB has now lowered himself to feed from the sewer pipe like the rest of them. There he is lying on his back with his mouth open waiting to feed on the next log that falls his way. At no time does he consider the pain that 'great club' has inflicted on the creditors. For every free tour they have on a fan, they have begged, cheated hundreds more and the tax payer on their way to the top table.I suspect many of the decent Pompey fans squirm at the begging letter today and will hate the fact that such an act is being played out in the name of their club.

I am always suspicious of the actions of these people and perhaps Trousers is correct that they are hoping to hoodwink the FL.

I thought when we were given our points penalty that we were told we would not get our golden share or a bigger penalty if we appealed.

 

They are desperate. Desperation leads to the utter abandoning of any residual moral scruples (not that they appear to have many left)

Edited by Waterside.saint
Link to comment
Share on other sites

×
×
  • Create New...