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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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Crab Lungs

Crab Lungs

Posted
Posted

Really....... ffs

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/huseklepp-is-the-next-to-leave-fratton-park-1-4107226

 

Trust about time

2:10 AM on 29/07/2012

We do not have to be within the wage guidelines for L1 and the start of the season, so thats a non issue, we have 12 months I think. The point of the exercise is to rid the new owners of the player debt, which these soccer debts/player deferred wages and or settlements can be deducted by FL from Parachute before we receive. With Erik gone obviously TBH is settling AA has said this and TB has intimated too and TBH has said it, Kanu is a non event non issue and Kitson and LL will both be gone shortly. All good. So BC come on Balou we love you, step in with some working capital for MA and get this season started, perhaps the Trust can takeover next Summer.......if they can do a prospectus for their potential investors in time!

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pedg

pedg

Posted
Posted
Do they really believe Chin is going to dig deeply into his pocket !!!!!!!??? I know that he is prob their only chance but.......

 

Any money coming out for chinnys pocket has a piece of strong elastic attached.

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buctootim

buctootim

Posted
Posted
Anyone else joining me at AFC Wimbledon on the 8th to watch their last ever game?

 

You genuinely had me worried for a minute - I had to check Wimbledon's website before I realised you were talking about potentially the Skates last ever game, not someone I vaguely care about like AFC Wimbledon.

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fromdayone

fromdayone

Posted
Posted
Wheres the money coming from to pay the wages? Straight back on the road to another Administration? They are already rumoured to have offered over three times the L1 average wage for Gillet. DFCBS

 

Who knows, but even the FL cant expect them to play with 4 players (inc Kanu!!)

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Waterside.saint

Waterside.saint

Posted
Posted
Fully expect FL to allow new signings this week.

 

Wheres the money coming from to pay the wages? Straight back on the road to another Administration? They are already rumoured to have offered over three times the L1 average wage for Gillet. DFCBS

 

One might reasonably expect the FL to have something to say about that. There again this is the DFCBS and they don't seem to learn, at least in their current incarnation - gazumping clubs that do spend within their means for the best players is what got them where they are, so for us its win-win - they can carry on as they did before and we can eat popcorn watching it all unravel again, or they can start trying to live within their means and we can enjoy their consequent humiliation :)

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FloridaMarlin

FloridaMarlin

Posted
Posted

Ian Holloway's had a pop in today's Sunday Mirror.

 

Although it is tinged with the usual mushy hearts and flowers stuff about bestest fans not deserving what's happened to them, not letting a great club die, yadda, yadda, yadda, he does say perhaps they deserve to go to the wall to give the game the wake-up call it deserves.

 

He says he agreed a fee of £250,000 with Derby for Luke Varney, but was blown out of the water by Pompey's bid of £750,000. According to Olly, they didn't just go a little bit higher to beat Blackpool's bid, they effectively tripled it!

 

Says Olly: "What we didn't know then that we know now is that it was a transfer and a wage deal that p****y didn't have the cash to finance."

 

He also defends the FP8 (now the FP4). "In recent days there seems to have been some kind of campaign for blaming those players who have refused to cancel their contracts to ease the club's burden.

 

"But those deals were signed in good faith. Players have commitments of their own. To expect them to walk away from contracts is naive and unfair.

 

"The people to blame are the men who mismanaged p****y. No one else."

 

So we can add Olly to the list of Mick McCarthy, Keith Hill and Dean Saunders of well-respected managers who have spoken out against p****y's cheating and blatant attempts to gain an unfair advantage by outbidding those managers' clubs with money they never had.

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trousers

trousers

Posted
Posted

@pn_neil_allen: Hearing of superb financial gestures made by Huseklepp, Norris, Varney and @GregHalford15 which #Pompey fans will applaud. Details tomorrow.

 

So, that'll be the Football Creditors rule neatly sidestepped then. Good job the football authorities battled for years in the courts to protect that one... Just intimidate the players to settle for less....simple...

 

Sigh

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Waterside.saint

Waterside.saint

Posted
Posted
@pn_neil_allen: Hearing of superb financial gestures made by Huseklepp, Norris, Varney and @GregHalford15 which #Pompey fans will applaud. Details tomorrow.

 

So, that'll be the Football Creditors rule neatly sidestepped then. Good job the football authorities battled for years in the courts to protect that one... Just intimidate the players to settle for less....simple...

 

Sigh

 

Courage, mon brave: the pigeons are - however belatedly - coming come to roost. No matter how much they wriggle, they can't escape the fact they have become the laughing stock of the English game and I four one am looking forward to the next fortnight with considerable relish :D

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sidthesquid

sidthesquid

Posted
Posted
One might reasonably expect the FL to have something to say about that. There again this is the DFCBS and they don't seem to learn, at least in their current incarnation - gazumping clubs that do spend within their means for the best players is what got them where they are, so for us its win-win - they can carry on as they did before and we can eat popcorn watching it all unravel again, or they can start trying to live within their means and we can enjoy their consequent humiliation :)

 

I believe the financial/wage controls don't come in till next season - hence why the DFCSBs are planning to throw money at a new squad to escape and the FL gave them a -10 to discourage them.

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alpine_saint

alpine_saint

Posted
Posted
@pn_neil_allen: Hearing of superb financial gestures made by Huseklepp, Norris, Varney and @GregHalford15 which #Pompey fans will applaud. Details tomorrow.

 

So, that'll be the Football Creditors rule neatly sidestepped then. Good job the football authorities battled for years in the courts to protect that one... Just intimidate the players to settle for less....simple...

 

Sigh

 

Much as I find this disgraceful (these players have families to support) and the self-satisfaction of the Mob Chief nauseating, I am relative sanguine about this.

 

Chinny isnt expecting his bluff to be called; for the club to get rid of all the high wage earners. Even if the club manages it, I still dont see him continuing to run this club for long. He just wants his money back. So there will be no expensive signings, the club will run at break even (which means a level of Austerity that George Osbourne can only think about whilst w*nking - they will be exploiting every PFC sympathetic tw*t on the island when it comes to match day voluntary staffing), and they will get relegated. Once the PP final installment is made, the DFCSBs are finished.

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Saint in Paradise

Saint in Paradise

Posted
Posted
Fair to say that our Corky's substitute appearance for team GB got plenty of attention from our fishy friends on Twitter tonight. My personal favourite tweet was this one:

 

'How come jack cork is in the GB team and david norris isn't? Stuart pearce doesn't have a clue'

 

Sir,Sir I know Sir, please pick me Sir :lol:

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Petersfield Saint

Petersfield Saint

Posted
Posted
Courage, mon brave: the pigeons are - however belatedly - coming come to roost. No matter how much they wriggle, they can't escape the fact they have become the laughing stock of the English game and I four one am looking forward to the next fortnight with considerable relish :D

 

Five one now surely? :D

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badgerx16

badgerx16

Posted
Posted
I believe the financial/wage controls don't come in till next season - hence why the DFCSBs are planning to throw money at a new squad to escape and the FL gave them a -10 to discourage them.

 

The DCFSBs might be planning to splash the cash, but is Chinny ?

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Waterside.saint

Waterside.saint

Posted
Posted
Courage, mon brave: the pigeons are - however belatedly - coming come to roost. No matter how much they wriggle, they can't escape the fact they have become the laughing stock of the English game and I four one am looking forward to the next fortnight with considerable relish :D

 

Five one now surely? :D

 

Poetic licence :D

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Doctoroncall

Doctoroncall

Posted
Posted
I believe the financial/wage controls don't come in till next season - hence why the DFCSBs are planning to throw money at a new squad to escape and the FL gave them a -10 to discourage them.

 

I'm sure this is the first season for League One, however, there will be dispensation for those relegated to League One, but the rules don't state what those are so expect the skates to try and bend the financial restrictions as much as possible... because that is what they do!

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badgerx16

badgerx16

Posted
Posted
I believe the financial/wage controls don't come in till next season - hence why the DFCSBs are planning to throw money at a new squad to escape and the FL gave them a -10 to discourage them.

I'm sure this is the first season for League One, however, there will be dispensation for those relegated to League One, but the rules don't state what those are so expect the skates to try and bend the financial restrictions as much as possible... because that is what they do!

 

Don't forget the additional financial controls the FL are intending to impose on the skates as a condition of handing over the golden share, should they get beyond August 10th.

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dubai_phil

dubai_phil

Posted
Posted

In other not entirely unrelated news. I see that life almost imitates this forum.

 

It appears that our Monkey Chickens were very close to reality when we all proposed the petting zoo.

 

Seems that the Zoological Society in London has come to the rescue of the endangered

 

Mountain Chicken Frog.

 

http://www.telegraph.co.uk/earth/wildlife/9435056/Endangered-mountain-chicken-frogs-bred-in-London.html

 

Damn we were so close

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View From The Top

View From The Top

Posted
Posted
I'm sure this is the first season for League One, however, there will be dispensation for those relegated to League One, but the rules don't state what those are so expect the skates to try and bend the financial restrictions as much as possible... because that is what they do!

 

No chance, not with the FL all over them like a rash.

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trousers

trousers

Posted
Posted
In other not entirely unrelated news. I see that life almost imitates this forum.

 

It appears that our Monkey Chickens were very close to reality when we all proposed the petting zoo.

 

Seems that the Zoological Society in London has come to the rescue of the endangered

 

Mountain Chicken Frog.

 

http://www.telegraph.co.uk/earth/wildlife/9435056/Endangered-mountain-chicken-frogs-bred-in-London.html

 

Damn we were so close

 

Read it*

 

(*quite possibly the poorest play on words in Saints Web Forum history)

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trousers

trousers

Posted
Posted

@GregHalford15: I'd like to thank everyone at #Pompey for everything they've done for me. Supporters have been truly amazing

 

What, even over the last few weeks when the 'bestest' were hounding you out of town with venomous hatred? Yeah..."truly amazing"

 

You gotta love the fickle world of football fans...

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dubai_phil

dubai_phil

Posted
Posted
Read it*

 

(*quite possibly the poorest play on words in Saints Web Forum history)

 

Oh thank God at LAST - true recognition.

 

OK back home at mission control. How many nutjobs are out of the race for the sweepstake?

 

Anyone getting twitchy about their pick?

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trousers

trousers

Posted
Posted (edited)

http://m.portsmouth.co.uk/sport/pompey/pompey-past/pompey-boss-appy-with-break-1-4108566

 

With the opening pre-season friendly against the Hawks washed out, both matches on the tour represented their first of the summer. The trip opened with a 4-0 defeat at Gibraltar, a result which prompted Liam Walker to win a Pompey trial.

 

Then there was a 5-1 loss against Brighton at the Barcelo Montecastillo Resort.

 

But Appleton isn’t concerned about the results.

 

He added: ‘They were two completely different games.

 

‘One was played on a gravel pit with a runway about 100 yards from the pitch and the other on a fantastic surface against one of the better footballing sides in the Championship.

 

‘I don’t pay much attention to them.

Edited by trousers
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rallyboy

rallyboy

Posted
Posted

The tour was funded by Fareham businessman Dave Ellis and the Gibraltar FA, a fact which puts to bed accusations of how the club managed to afford it.

Err, no it doesn't - mainly because the club has boasted this in previous years and the accounts later showed that they were lying - so this is just 'Birchy spin' to appease creditors.

 

But on this sunny morning I'm prepared to offer crumbs of praise...

They are clearing out high earners which should be applauded, the wage bill is dropping, the club is sailing towards the far distant island of solvent trading, for the first time in about a decade.

 

Yes the island is merely a hazy dot on the horizon, but they can now see it.

 

Nutjobs may observe that its the slowest and worst-promoted fricking firesale in history as it should have been done at least two years ago - BUT it's the first step toward competing as a proper football club, so praise where praise is due.

If they start trading solvently I might even re-introduce a capital letter for portsmouth, but not yet.

 

Because the important bit will be what happens next....

Let's assume they stumble into the new season - will that be with a squad of cheap misfits, or will they just start a new cycle of wages insanity?

 

Experience suggests that the club is a crack addict and won't be able to resist overstretching.

 

Cue battling Appy demanding a promotion warchest and poaching plucky sought-after journeymen strikers from under the nose of rivals - and other tabloidese nonesense that is meant to motivate the dim and distract them from the fact that their club is now such a leper in football circles that they have to be accompanied by a bloke with a bell.

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Waterside.saint

Waterside.saint

Posted
Posted
The tour was funded by Fareham businessman Dave Ellis and the Gibraltar FA, a fact which puts to bed accusations of how the club managed to afford it.

Err, no it doesn't - mainly because the club has boasted this in previous years and the accounts later showed that they were lying - so this is just 'Birchy spin' to appease creditors.

 

But on this sunny morning I'm prepared to offer crumbs of praise...

They are clearing out high earners which should be applauded, the wage bill is dropping, the club is sailing towards the far distant island of solvent trading, for the first time in about a decade.

 

Yes the island is merely a hazy dot on the horizon, but they can now see it.

 

Nutjobs may observe that its the slowest and worst-promoted fricking firesale in history as it should have been done at least two years ago - BUT it's the first step toward competing as a proper football club, so praise where praise is due.

If they start trading solvently I might even re-introduce a capital letter for portsmouth, but not yet.

 

Because the important bit will be what happens next....

Let's assume they stumble into the new season - will that be with a squad of cheap misfits, or will they just start a new cycle of wages insanity?

 

Experience suggests that the club is a crack addict and won't be able to resist overstretching.

 

Cue battling Appy demanding a promotion warchest and poaching plucky sought-after journeymen strikers from under the nose of rivals - and other tabloidese nonesense that is meant to motivate the dim and distract them from the fact that their club is now such a leper in football circles that they have to be accompanied by a bloke with a bell.

 

Nicely put :toppa:

I've yet to hear PFC mentioned anywhere in the last few years without laughing, which I'm sure won't worry the deluded phew in the slightest

In future I should imagine they will be the cautionary tale that mothers tell their offspring, 'ffs don't rip people off, you'll end up like the skates without a pot to p*ss in'

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FloridaMarlin

FloridaMarlin

Posted
Posted

So a club in the process of trying to shed £158m of debt, that threatens players who have the temerity to ask for what they are owed, that will reluctantly cough up 2p in the pound to creditors and local businesses they have gang-raped down the years, stayed at this five-star resort? http://www.barcelo.com/BarceloHotels/en_GB/hotels/Spain/Cadiz/hotel-barcelo-montecastillo-golf/general-description.aspx?ext=UK_SEM_GOB_H256&tmad=c&tmcampid=30&tmplaceref=Spain&gclid=CIm7o4mJwbECFSQhtAodW24AlQ

 

Prices range from 103 Euros per night (for B&B) to 162Euros per night (all inclusive).

 

The resort does 'specialise in hosting football clubs, so there might be some sort of corporate rate, but somebody with better maths than me will be able to work out the total cost based on rates, number of players, flights etc.

 

I could be wrong but I doubt they would have got much change out of £10,000. That's a hell of a generous sponsorship from Dave Ellis and the Gibraltar FA.

 

It would be interesting to know where other League One clubs went to prepare for their close season, you know, those clubs who live within their means and don't have delusions of grandeur that makes them continue to think it's fine and dandy to live beyond their means like some impoverished lord from a PG Wodehouse novel.

 

I liked this: http://www.barcelo.com/BarceloHotels/en_GB/hotels/Spain/Cadiz/hotel-barcelo-jerez-montecastillo-convention-center/football.aspx

 

Which details the football facilities and services.

 

The services include the daily laundry of two sets of football kit, which might well be the first wash the kit has had in months (unless the players take their own kit home to wash).

 

The special facilities also include a half-pitch for goalkeeper training, although it looks as though their whole squad could train on that.

 

The list of teams using the resort gives some idea of how expensive it must be. But no doubt, the phew will extol it as a virtue of the company they are able to keep.

 

Even if the whole trip was paid for, what sort of message does it send out to impoverished creditors and threatened high-earning players - let alone the rest of League One - that they can swan off to somewhere like this.

 

Scandalous. Utterly, utterly scandalous.

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alpine_saint

alpine_saint

Posted
Posted
The tour was funded by Fareham businessman Dave Ellis and the Gibraltar FA, a fact which puts to bed accusations of how the club managed to afford it.

Err, no it doesn't - mainly because the club has boasted this in previous years and the accounts later showed that they were lying - so this is just 'Birchy spin' to appease creditors.

 

But on this sunny morning I'm prepared to offer crumbs of praise...

They are clearing out high earners which should be applauded, the wage bill is dropping, the club is sailing towards the far distant island of solvent trading, for the first time in about a decade.

 

Yes the island is merely a hazy dot on the horizon, but they can now see it.

 

Nutjobs may observe that its the slowest and worst-promoted fricking firesale in history as it should have been done at least two years ago - BUT it's the first step toward competing as a proper football club, so praise where praise is due.

If they start trading solvently I might even re-introduce a capital letter for portsmouth, but not yet.

 

Because the important bit will be what happens next....

Let's assume they stumble into the new season - will that be with a squad of cheap misfits, or will they just start a new cycle of wages insanity?

 

Experience suggests that the club is a crack addict and won't be able to resist overstretching.

 

Cue battling Appy demanding a promotion warchest and poaching plucky sought-after journeymen strikers from under the nose of rivals - and other tabloidese nonesense that is meant to motivate the dim and distract them from the fact that their club is now such a leper in football circles that they have to be accompanied by a bloke with a bell.

 

And a big "f**k off" to all the businesses getting only 2p in the pound..............

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Gemmel

Gemmel

Posted
Posted
And a big "f**k off" to all the businesses getting only 2p in the pound..............

 

It's actually 0.4p for most (90 million of the first CVA) creditors.

 

1 million pays back 4k

 

The tax man alone has kissed good bye to over 31 million quid.

 

Then take into account the 90 million that was never paid from CVA 1 the additional 40 million of CVA 2 (Actually 60 but includes 20 million of first CVA) and the LOST tax on that 130 million (The people / companies would have paid tax if they had been paid ) You could argue that even at the basic rate that's another 39 million.

 

Giving a grand total of 70 million pounds missing from the public purse. Just so pompey could have a better team.

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