Pompey Takeover Saga

[dubai_phil]

Why am I not surprised

 

= an interesting angle for the FL.

 

FL did give them a get out clause in their offer of a Golden Share "unless come to a separate arrangement"

 

The FL's problem will thn be that they have driven a hole in their own FC rule for others to bend and exploit in the future.

 

Might be interesting to search the REALLY small print of the FL offer - did they keep a "reserve the right" in there somewhere? IF they didn't then their lawyers are idiots and the FC dam will have developed a crack that could become a torrent.

 

Fair play to PST if they get a deal done, it won't be their problem going forwards (they'll have enough of their own)

[Gingeletiss]

Payments of Football creditors as follows: (i) Full payment of monies owed to other clubs, assuming this amount does not exceed £1.75m (ii) Full payment of monies owed to non-playing staff, assuming this amount does not exceed £330,000 (iii) A maximum of £2m to the football players owed monies

 

:lol::lol:

[rallyboy]

Does that suggest that they have 2,600 pledges plus £630K from others?

They expect that to translate into £2.6M of capital - not enough to cover their offer for the ground, an offer that has so far been ignored.

 

They have £1M in the bank, presumably to be released at £43K a game?

 

I spy one or two little caveats that were glossed over yesterday...they obviously need the PP to repay any loan, the transfer fees outstanding are £1.75M - and they will defer payment of £350K of CVA until the next PP.

 

My earlier guesstimate on their projected income is pretty close to theirs, though they will be asking UnAppy to assemble a squad of 25 players with an average wage of approx £1,500 a week.

Was that the sound of Howard etc speeding up the M275?

 

IMO the whole offer looks underfunded and relies on far too many uncontrollable factors coming together in seven days.

 

Desperate might sound a bit harsh, optimistic would cover it.

[Gingeletiss]

= an interesting angle for the FL.

 

FL did give them a get out clause in their offer of a Golden Share "unless come to a separate arrangement"

 

The FL's problem will thn be that they have driven a hole in their own FC rule for others to bend and exploit in the future.

 

Might be interesting to search the REALLY small print of the FL offer - did they keep a "reserve the right" in there somewhere? IF they didn't then their lawyers are idiots and the FC dam will have developed a crack that could become a torrent.

 

Fair play to PST if they get a deal done, it won't be their problem going forwards (they'll have enough of their own)

 

Could HMRC revisit the latest court ruling re the FC rule, in the event that this was allowed by the FA?

[Torres]

So all the players that have left and agreed "compromise" agreements with TB (seemingly that they will receive everything that they had deferred to date over the next 4 years) are now expected to return to the negotiating table and make further concessions if the PST bid is to succeed over Chinny's?

 

Given that they're all now safely at other clubs and far away from the local media and fan pressure, how likely is that?

 

And I love TBs line about being appointed by the court - it's a nice reminder to the PST and the local mongs that he's supposed to be working for the creditors rather than the "community" and prepares the ground nicely for their offer to be directed towards his waste paper bin, sharpish.

[Gingeletiss]

Does that suggest that they have 2,600 pledges plus £630K from others?

They expect that to translate into £2.6M of capital - not enough to cover their offer for the ground, an offer that has so far been ignored.

 

They have £1M in the bank, presumably to be released at £43K a game?

 

I spy one or two little caveats that were glossed over yesterday...they obviously need the PP to repay any loan, the transfer fees outstanding are £1.75M - and they will defer payment of £350K of CVA until the next PP.

 

My earlier guesstimate on their projected income is pretty close to theirs, though they will be asking UnAppy to assemble a squad of 25 players with an average wage of approx £1,500 a week.

Was that the sound of Howard etc speeding up the M275?

 

IMO the whole offer looks underfunded and relies on far too many uncontrollable factors coming together in seven days.

 

Desperate might sound a bit harsh, optimistic would cover it.

 

I suspect that the PL might have something to say about that! imho.

[Colinjb]

Does that suggest that they have 2,600 pledges plus £630K from others?

They expect that to translate into £2.6M of capital - not enough to cover their offer for the ground, an offer that has so far been ignored.

 

They have £1M in the bank, presumably to be released at £43K a game?

 

I spy one or two little caveats that were glossed over yesterday...they obviously need the PP to repay any loan, the transfer fees outstanding are £1.75M - and they will defer payment of £350K of CVA until the next PP.

 

My earlier guesstimate on their projected income is pretty close to theirs, though they will be asking UnAppy to assemble a squad of 25 players with an average wage of approx £1,500 a week.

Was that the sound of Howard etc speeding up the M275?

 

IMO the whole offer looks underfunded and relies on far too many uncontrollable factors coming together in seven days.

 

Desperate might sound a bit harsh, optimistic would cover it.

 

Come now Rally boy, you know as well as anyone else just how pathologically incapable they are of sticking to a budget.

 

If the PST takeover it will just see the cycle of spending to death/administration continuing again. It is a disease down that way, and the worst thing is, there seems to be this inbuilt sense of entitlement that their football club should be allowed to do it!

[goneawol]

'A total wage budget of £2.65m is equivalent to a squad of 20 players earning an average of £2,240 per week. In the current squad of 14 players, ten players are earning well above this rate, and therefore need to have been moved on prior to completion, although it appears transfers for some of these players are imminent. '

[mcjwills]

when is/was the game/result against aldershot?

[Brizzie Saints]

Oh Dear

http://www.portsmouth.co.uk/sport/pompey/pompey-past/coyle-gets-pompey-strength-assurances-1-4124312

 

The Trotters visit Fratton Park for what is the Blues’ only home friendly of the pre-season programme.

Tickets for the match have struggled past the 1,000 mark, although fans can buy them on the day.

Meanwhile, Bolton have raised concerns over the strength of their opposition considering Pompey’s continued problems.

Appleton will again be reliant on triallists and home-grown youngsters.

However, he may once more name Tal Ben Haim and Liam Lawrence in his side, while Dave Kitson is looking to recover from an ankle knock.

[Colinjb]

Oh Dear

http://www.portsmouth.co.uk/sport/pompey/pompey-past/coyle-gets-pompey-strength-assurances-1-4124312

 

The Trotters visit Fratton Park for what is the Blues’ only home friendly of the pre-season programme.

Tickets for the match have struggled past the 1,000 mark, although fans can buy them on the day.

Meanwhile, Bolton have raised concerns over the strength of their opposition considering Pompey’s continued problems.

Appleton will again be reliant on triallists and home-grown youngsters.

However, he may once more name Tal Ben Haim and Liam Lawrence in his side, while Dave Kitson is looking to recover from an ankle knock.

 

Spectacular, potentially one of the last games that retched club could ever play and their mouthy fans struggle to purchase more then 4 figures.

[Draino76]

"The average attendance is expected to rise to 12,250 in the 2013/14 season and then 13,250 in the 2014/15 season."

 

ORLY? As the DFCSBs hurtle towards the conference south?

 

Maybe the should borrow more taxpayers money and reclaim land from the sea to build a new stadium, because on these estimates, gates of over 60,000 are to be expected by season 2034/15.

[Waterside.saint]

"The average attendance is expected to rise to 12,250 in the 2013/14 season and then 13,250 in the 2014/15 season."

 

ORLY? As the DFCSBs hurtle towards the conference south?

 

Maybe the should borrow more taxpayers money and reclaim land from the sea to build a new stadium, because on these estimates, gates of over 60,000 are to be expected by season 2034/15.

 

Definitely. They will need those 20 years because land reclamation is a lengthy process, plus they'll have to find all those dead whales somewhere else to get stranded

[Brizzie Saints]

So they wanna borrow a swag of cash off the council to buy the sh1t hole, wot about the surrounding land that the Gayman owns?

[Waterside.saint]

So they wanna borrow a swag of cash off the council to buy the sh1t hole, wot about the surrounding land that the Gayman owns?

 

Their world-beating bestest superfans will soon provide enough support that they'll be able to buy it all outright. Or maybe not

[KMondo]

6.7 Academy Costs

PST plan to maintain the academy at category three. The effectiveness and cost of the academy would then be closely monitored and reviewed throughout the first two seasons, with a decision made on the future of the academy by the beginning of the 2014/15 season. The forecasts show no cost in the 2014/15 season for the academy, as it is believed that the board will have decided the Academy is too costly to run by this point.

 

"Quality over quantity" again?

[Draino76]

6.7 Academy Costs

PST plan to maintain the academy at category three. The effectiveness and cost of the academy would then be closely monitored and reviewed throughout the first two seasons, with a decision made on the future of the academy by the beginning of the 2014/15 season. The forecasts show no cost in the 2014/15 season for the academy, as it is believed that the board will have decided the Academy is too costly to run by this point.

 

 

"Quality over quantity" again?

 

 

Which kind of begs the question 'Why run it for 2 years in the first place?'

[Brizzie Saints]

Oh Dear

http://www.portsmouth.co.uk/sport/pompey/pompey-past/coyle-gets-pompey-strength-assurances-1-4124312

 

The Trotters visit Fratton Park for what is the Blues’ only home friendly of the pre-season programme.

Tickets for the match have struggled past the 1,000 mark, although fans can buy them on the day.

Meanwhile, Bolton have raised concerns over the strength of their opposition considering Pompey’s continued problems.

Appleton will again be reliant on triallists and home-grown youngsters.

However, he may once more name Tal Ben Haim and Liam Lawrence in his side, while Dave Kitson is looking to recover from an ankle knock.

 

He He. Start as u mean to carry on, Dumbuyer could well be the perfect replacement for King Kanu.

 

Simon Eastwood (shoulder) and Mustapha Dumbuya (back) are injury concerns for Appleton heading into the match.

[Frank's cousin]

What the TRUST should have said (if integrity and gaining back some respect was their true aim)

 

''As fans of Portsmouth Football Club, we are ashamed of the criminal negligence of the financial controler at the club and all that this has involved over the last 7 years. Any success from the promotion to the premier league to the FA cup win, will sadly in our eyes be forever tainted, as this success was only possible by excessive spending that the as we have since seen, we have not pai back or cannot pay for. I call on all true fans of our club, who have pride and integrity to acknowledge this fact, as difficult as it may be and apologise unreservedly to the footballing community for the unfair competitive advantage we have enjoyed, through the sickening exploitation of the tax payer, local businesses, and charities.

 

But actions speak louder than words. Its is not enough to simply apologize. We need to demonstrate that this time of irresponsible and criminal financial management is behind us and will although taints our past, will not be part of our future. Therefore, I outline our proposal to creditors and the administrators.

 

1. We will purchase the club and all its assets for £1

2. We will make an initial goodwill payment to all nonsecured creditors of 1mil

3. We will continue to pay a minimum of 1mil per annum to all unsecured creditors for a period not less than 15 years - in additional any operating surplus will also go into additional voluntary payments until such a time as the level of repyament is a more realistic and acceptable level of compensation to all those we have let down

4. We ask however, for some good grace to allow us to invest an appropriate percentage of our revenue in the purchase of and setting up of a proper footballing academy and training facilities to support the regeneration process. In addition, we will set aside an amount for necessary maintenance and improvements to Fratton Park. The ultimate aim, with 15 years will be to regenerate the ground fit for purpose.

5. All the remianing parachute payments will be used to pay off the footballing debt in full with the remainder in full and final settlement of any claim Mr Chinny has over the club.

6. We will be prepared for a period of competitive disadvantage as we will be utilising younger players within the first team squad in an effort to maintain a realistic minimal wage budget to ensure the mistakes of the past are never repeated. With luck, and with time, the investment in youth will bare fruit and we will be able to plan for climbing the football pyramid again - but we must be patient, prudent and realistic. I am confident that given the passionate nature of our support and teh desire to see football remain part of the city, the fans will support these high ideals and attend in good numbers on which we can operate effectively and efficiently and set a foundation for future success.

7. It will NOT be easy. It will not be a period in which we will be climbing high in the division, but with your support and with these sound principles underpinning our strategy it will be one in which we can regain some PRIDE back in our club and what it stands for.

 

 

Sadly what they have been saying is (well along the lines of)

 

1. We will pay as little to anyone owed as we can get away with

2. This will mean we will spend at least double the L1 average and try and get promotion - you know as we have done in the past

3. We have no shame and will continue to be DCSBs

[Lazlo78]

What the TRUST should have said (if integrity and gaining back some respect was their true aim)

 

''As fans of Portsmouth Football Club, we are ashamed of the criminal negligence of the financial controler at the club and all that this has involved over the last 7 years. Any success from the promotion to the premier league to the FA cup win, will sadly in our eyes be forever tainted, as this success was only possible by excessive spending that the as we have since seen, we have not pai back or cannot pay for. I call on all true fans of our club, who have pride and integrity to acknowledge this fact, as difficult as it may be and apologise unreservedly to the footballing community for the unfair competitive advantage we have enjoyed, through the sickening exploitation of the tax payer, local businesses, and charities.

 

But actions speak louder than words. Its is not enough to simply apologize. We need to demonstrate that this time of irresponsible and criminal financial management is behind us and will although taints our past, will not be part of our future. Therefore, I outline our proposal to creditors and the administrators.

 

1. We will purchase the club and all its assets for £1

2. We will make an initial goodwill payment to all nonsecured creditors of 1mil

3. We will continue to pay a minimum of 1mil per annum to all unsecured creditors for a period not less than 15 years - in additional any operating surplus will also go into additional voluntary payments until such a time as the level of repyament is a more realistic and acceptable level of compensation to all those we have let down

4. We ask however, for some good grace to allow us to invest an appropriate percentage of our revenue in the purchase of and setting up of a proper footballing academy and training facilities to support the regeneration process. In addition, we will set aside an amount for necessary maintenance and improvements to Fratton Park. The ultimate aim, with 15 years will be to regenerate the ground fit for purpose.

5. All the remianing parachute payments will be used to pay off the footballing debt in full with the remainder in full and final settlement of any claim Mr Chinny has over the club.

6. We will be prepared for a period of competitive disadvantage as we will be utilising younger players within the first team squad in an effort to maintain a realistic minimal wage budget to ensure the mistakes of the past are never repeated. With luck, and with time, the investment in youth will bare fruit and we will be able to plan for climbing the football pyramid again - but we must be patient, prudent and realistic. I am confident that given the passionate nature of our support and teh desire to see football remain part of the city, the fans will support these high ideals and attend in good numbers on which we can operate effectively and efficiently and set a foundation for future success.

7. It will NOT be easy. It will not be a period in which we will be climbing high in the division, but with your support and with these sound principles underpinning our strategy it will be one in which we can regain some PRIDE back in our club and what it stands for.

 

 

Sadly what they have been saying is (well along the lines of)

 

1. We will pay as little to anyone owed as we can get away with

2. This will mean we will spend at least double the L1 average and try and get promotion - you know as we have done in the past

3. We have no shame and will continue to be DCSBs

 

Top effort!

[Waterside.saint]

What the TRUST should have said (if integrity and gaining back some respect was their true aim)

 

''As fans of Portsmouth Football Club, we are ashamed of the criminal negligence of the financial controler at the club and all that this has involved over the last 7 years. Any success from the promotion to the premier league to the FA cup win, will sadly in our eyes be forever tainted, as this success was only possible by excessive spending that the as we have since seen, we have not pai back or cannot pay for. I call on all true fans of our club, who have pride and integrity to acknowledge this fact, as difficult as it may be and apologise unreservedly to the footballing community for the unfair competitive advantage we have enjoyed, through the sickening exploitation of the tax payer, local businesses, and charities.

 

But actions speak louder than words. Its is not enough to simply apologize. We need to demonstrate that this time of irresponsible and criminal financial management is behind us and will although taints our past, will not be part of our future. Therefore, I outline our proposal to creditors and the administrators.

 

1. We will purchase the club and all its assets for £1

2. We will make an initial goodwill payment to all nonsecured creditors of 1mil

3. We will continue to pay a minimum of 1mil per annum to all unsecured creditors for a period not less than 15 years - in additional any operating surplus will also go into additional voluntary payments until such a time as the level of repyament is a more realistic and acceptable level of compensation to all those we have let down

4. We ask however, for some good grace to allow us to invest an appropriate percentage of our revenue in the purchase of and setting up of a proper footballing academy and training facilities to support the regeneration process. In addition, we will set aside an amount for necessary maintenance and improvements to Fratton Park. The ultimate aim, with 15 years will be to regenerate the ground fit for purpose.

5. All the remianing parachute payments will be used to pay off the footballing debt in full with the remainder in full and final settlement of any claim Mr Chinny has over the club.

6. We will be prepared for a period of competitive disadvantage as we will be utilising younger players within the first team squad in an effort to maintain a realistic minimal wage budget to ensure the mistakes of the past are never repeated. With luck, and with time, the investment in youth will bare fruit and we will be able to plan for climbing the football pyramid again - but we must be patient, prudent and realistic. I am confident that given the passionate nature of our support and teh desire to see football remain part of the city, the fans will support these high ideals and attend in good numbers on which we can operate effectively and efficiently and set a foundation for future success.

7. It will NOT be easy. It will not be a period in which we will be climbing high in the division, but with your support and with these sound principles underpinning our strategy it will be one in which we can regain some PRIDE back in our club and what it stands for.

 

 

Sadly what they have been saying is (well along the lines of)

 

1. We will pay as little to anyone owed as we can get away with

2. This will mean we will spend at least double the L1 average and try and get promotion - you know as we have done in the past

3. We have no shame and will continue to be DCSBs

 

Perhaps we should email that to Iain McInnes & see what he has to say. Not holding my breath

[Whitey Grandad]

I can't see the Football League making an exception to allow the club to pick and choose which football creditors they deign to pay. All or nothing is the only possible option, else it would set a dangerous precedent for the League. It's their competition and they set the rules.

[trousers]

http://m.portsmouth.co.uk/sport/pompey/pompey-past/appleton-sends-out-pompey-youth-warning-1-4124222

 

"Michael Appleton has warned Pompey cannot afford to rely on their youngsters in League One.

 

He said: ‘Let’s be absolutely, completely blunt.

 

‘If we are going into the season with kids, there is only one thing that is going to happen, end of story.

 

‘No-one can blame them and expect any different but let’s just get real for one second.

 

‘They need massive, massive help and they need time. They are not ready for this type of football at all – as in the amount of numbers we are talking about.

 

‘Two or three might come through to be part of an experienced team and a team that can be successful – but certainly not seven, eight or nine of them.

 

‘If they are lucky enough to get a few minutes here, a few minutes there, then all of a sudden a couple of them are lucky enough to get a start, then great.

 

‘We must all realise, though, the kids are not going to be the answer in making sure Portsmouth have a really competitive season."

 

[alpine_saint]

http://m.portsmouth.co.uk/sport/pompey/pompey-past/appleton-sends-out-pompey-youth-warning-1-4124222

 

"Michael Appleton has warned Pompey cannot afford to rely on their youngsters in League One.

 

He said: ‘Let’s be absolutely, completely blunt.

 

‘If we are going into the season with kids, there is only one thing that is going to happen, end of story.

 

‘No-one can blame them and expect any different but let’s just get real for one second.

 

‘They need massive, massive help and they need time. They are not ready for this type of football at all – as in the amount of numbers we are talking about.

 

‘Two or three might come through to be part of an experienced team and a team that can be successful – but certainly not seven, eight or nine of them.

 

‘If they are lucky enough to get a few minutes here, a few minutes there, then all of a sudden a couple of them are lucky enough to get a start, then great.

 

‘We must all realise, though, the kids are not going to be the answer in making sure Portsmouth have a really competitive season."

 

 

Yep. Get to the start line of the season they might (7 days, tick-tock), but they arent going to finish it. Attendance will plummet to 3 figures onces the kids start getting hammeered week-in, week-out, then the financials are screwed up again.

 

Best that the FL really do not let this farce commence, otherwise there will be all sorts of arguments when their results are expunged.

[Waterside.saint]

Yep. Get to the start line of the season they might (7 days, tick-tock), but they arent going to finish it. Attendance will plummet to 3 figures onces the kids start getting hammeered week-in, week-out, then the financials are screwed up again.

 

Best that the FL really do not let this farce commence, otherwise there will be all sorts of arguments when their results are expunged.

 

Its a form of blackmail that they've become adept at: 'Dear FL, you'd better make exceptions for us, otherwise we'll make you a laughing stock'

[Gorgiesaint]

On the assumption that Chinny accepts, sells the ground with the council lending the money, and TB agrees to the PST taking over - let's just take a quick look at their cashflow for the first 60 days:

 

Outgoings:

 

Purchase of Krap Nottarf = £2.75m - £1.5m (loaned by Council confirmed as the max they will lend) = £1.25m

CVA payment = £500k

Players wages = £2.65m /12 = £220k pm x2 = £440k

Non playing staff wages = £1.1m/12 = £92k pm x2 = £184k

 

Total (so far) = £2,374,000

 

Ok so what income do they have:

 

£1000 'shares' = £200k in deposits assuming 75% take up + won't collect remaining monies in the first 2 months = £150k

Associate directors = nothing, they've only just launched this - assume that no-one wanted to put in under the 'share' offer so they've jazzed it up a bit

High Net Worth = £750k (already have £630k in escrow, assume target is reached & this is collected)

Loan = Already factored in to the outgoings

 

Season ticket sales = 7500 - 400 (lifetime season tickets) = 7100 x £250 = £1.775m

Match day income = 5 home fixtures x 4000 x £20 = £400k

 

Total income = £3,075,000

 

 

So by back of the fag packet maths they should make it, but this relies on them getting all of the season ticket money up front (not sure if that's going to happen as its didn't last time), not sure what income they will have from the league. But they will have other expenditure that I haven't factored in - e.g. how much will it cost to get Krap Nottarf a safety certificate again this year.

 

The maths looks very, very tight!

 

Of course this assumes:

 

Chinny lets go of the ground

Everyone pays up

Kanu's court case doesn't go badly

The council lend them the money (& quickly)

The FL appear to let them get away without paying football creditors 100% of their debt

 

What could possibly go wrong with this!!

[Colinjb]

I would just like to say one thing.

 

Seven (7) days.

[Waterside.saint]

On the assumption that Chinny accepts, sells the ground with the council lending the money, and TB agrees to the PST taking over - let's just take a quick look at their cashflow for the first 60 days:

 

Outgoings:

 

Purchase of Krap Nottarf = £2.75m - £1.5m (loaned by Council confirmed as the max they will lend) = £1.25m

CVA payment = £500k

Players wages = £2.65m /12 = £220k pm x2 = £440k

Non playing staff wages = £1.1m/12 = £92k pm x2 = £184k

 

Total (so far) = £2,374,000

 

Ok so what income do they have:

 

£1000 'shares' = £200k in deposits assuming 75% take up + won't collect remaining monies in the first 2 months = £150k

Associate directors = nothing, they've only just launched this - assume that no-one wanted to put in under the 'share' offer so they've jazzed it up a bit

High Net Worth = £750k (already have £630k in escrow, assume target is reached & this is collected)

Loan = Already factored in to the outgoings

 

Season ticket sales = 7500 - 400 (lifetime season tickets) = 7100 x £250 = £1.775m

Match day income = 5 home fixtures x 4000 x £20 = £400k

 

Total income = £3,075,000

 

 

So by back of the fag packet maths they should make it, but this relies on them getting all of the season ticket money up front (not sure if that's going to happen as its didn't last time), not sure what income they will have from the league. But they will have other expenditure that I haven't factored in - e.g. how much will it cost to get Krap Nottarf a safety certificate again this year.

 

The maths looks very, very tight!

 

Of course this assumes:

 

Chinny lets go of the ground

Everyone pays up

Kanu's court case doesn't go badly

The council lend them the money (& quickly)

The FL appear to let them get away without paying football creditors 100% of their debt

 

What could possibly go wrong with this!!

 

“‘My other piece of advice, Copperfield,’ said Mr. Micawber, ‘you know. Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.”

Dickens: David Copperfield (1850)

[Frank's cousin]

http://m.portsmouth.co.uk/sport/pompey/pompey-past/appleton-sends-out-pompey-youth-warning-1-4124222

 

"Michael Appleton has warned Pompey cannot afford to rely on their youngsters in League One.

 

He said: ‘Let’s be absolutely, completely blunt.

 

‘If we are going into the season with kids, there is only one thing that is going to happen, end of story.

 

‘No-one can blame them and expect any different but let’s just get real for one second.

 

‘They need massive, massive help and they need time. They are not ready for this type of football at all – as in the amount of numbers we are talking about.

 

‘Two or three might come through to be part of an experienced team and a team that can be successful – but certainly not seven, eight or nine of them.

 

‘If they are lucky enough to get a few minutes here, a few minutes there, then all of a sudden a couple of them are lucky enough to get a start, then great.

 

‘We must all realise, though, the kids are not going to be the answer in making sure Portsmouth have a really competitive season."

 

 

I appreciate the facepalm is enough and says it all.... but is he really that fricken stupid? There wa sme thinking that competitiveness was something you worked towards from the ground up as and when you could afford to do so... not a right, especially for a club that gained EXTRA competitiveness it could not afford for 7 years and screwed people of of 100mil in teh process... maybe I am missing something?

[Waterside.saint]

I appreciate the facepalm is enough and says it all.... but is he really that fricken stupid? There wa sme thinking that competitiveness was something you worked towards from the ground up as and when you could afford to do so... not a right' date=' especially for a club that gained EXTRA competitiveness it could not afford for 7 years and screwed people of of 100mil in teh process... maybe I am missing something?[/quote']

 

I don't think you've missed anything. Spot on

[Hockey_saint]

FFS What planet is the man living on? Got money have you to buy players have you? want to demoralise your youth team do you?

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-sends-out-pompey-youth-warning-1-4124222

[Waterside.saint]

Go on, gizza 'nother chance, we need players like you that we can't afford, cheque's in the post, honest ...

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-desperate-for-howard-patience-1-4124223

[Colinjb]

Go on, gizza 'nother chance, we need players like you that we can't afford, cheque's in the post, honest ...

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-desperate-for-howard-patience-1-4124223

 

Brian, you are a pro but also a Saint. You know what to do....

[gaz]

http://www.portsmouth.co.uk/news/politics/leader-says-no-chance-of-council-buying-south-parade-pier-1-412505677

 

By Joe Nimmo

Published on Friday 3 August 2012 07:03

 

THE leader of Portsmouth City Council has said the authority would not even consider buying South Parade Pier.

 

Cllr Gerald Vernon-Jackson also ruled out giving financial aid to any group trying to take ownership of the Southsea landmark, arguing the council could not afford to subsidise it.

 

.....

Cllr Vernon-Jackson said there were crucial differences between The Pyramids Centre, which is being supported by the council and South Parade Pier.

 

‘The Pyramids provides a service that more and more people are using,’ he said. ‘But because it’s in such a state less and less people are using the pier.

 

‘For all intents and purposes the pier has been closed to the public. What has happened there is an absolute disgrace.

 

‘But it is a private sector asset and there has to be a private sector solution to its problems. We just can’t afford to get involved.’

......

 

Bit like a Football Stadium then, eh?

[trousers]

Go on, gizza 'nother chance, we need players like you that we can't afford, cheque's in the post, honest ...

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-desperate-for-howard-patience-1-4124223

 

hugo

 

12:18 PM on 03/08/2012

We cant sign these players....because some overpaid greedy Bstds are holding the club to ransom....hang your heads in shame .TBH, KITSON, and whoever else is trying to close this club down...shame on you all....and that includes the FL.

 

[The9]

PORTSMOUTH North MP Penny Mordaunt has urged constituents to contact their local councillors and express their views on Pompey’s future.

 

It comes as the Pompey Supporters’ Trust revealed part of its proposals to take over the club includes a loan request to Portsmouth City Council of £1.45m.

 

Ms Mordaunt, who was at the trust’s press conference yesterday, believes the loan would pose ‘zero risk’ to the authority.

 

She said: ‘Most people might find it weird that a local authority might do what a bank might commonly do, but local authorities loan money to organisations and other local authorities all the time.

 

‘I think this is a really good investment and would yield more for our city than other things the council has done in the past. We’ve got a few days, so all councillors across our city, who will be alive to that fact that this is such an important issue to the people they represent, need to concentrate on this proposal.

 

Penny my dear...if it's such a low risk loan why don't you persuade one of the banks you part own and run to lend the money....no? I wonder why that is?

 

Low risk my arse.

 

If you wanna be a socialist then go and join the Labour Party FFS... ;-)

 

An MP used the word "weird" there, where "unusual", "unexpected" or "scandalous" would be more appropriate. Then again, if you have to live in the constituency I suppose they don't really have much to choose from when it comes to educational standards.

[The9]

OK.

 

A Community Pompey club will be underpinned by seven core values:

 

•  The club will aspire to play at the highest level of competition possible

 

Unfortunately we know how they will go about this one.

[Saint in Paradise]

So they wanna borrow a swag of cash off the council to buy the sh1t hole, wot about the surrounding land that the Gayman owns?

 

Very good question and like other really difficult ones appears to be ignored as usual. I don't remember seeing any reference to

this piece of ground but I could have missed it I suppose. Wasn't there a story that the Gaydamaks said it was worth 2 million?

So if true where will the truss lot get that extra money from?

[Saint in Paradise]

When people post links to an article which has comments at the end does anyone else "vote"

for or against the individual posts?

[angelman]

‘We must all realise, though, the kids are not going to be the answer in making sure Portsmouth have a really competitive season."

-----------

People go on about the FL letting them do this and that, but what about the other clubs in the league? A few managers have commented that they have had players taken from under their noses with the lure of unrealistic wages from Poopey, and that that means that they are "cheating". What about the chairmen in L1? If Poopey are allowed to build a squad based on unrealistic wages, are the other chairmen going to sit idly by and accept it? Probably. But shouldn't they group together and complain?

[The9]

(i) Full payment of monies owed to other clubs, assuming this amount does not exceed £1.75m

 

Erm, but it does.

 

(ii) Full payment of monies owed to non-playing staff, assuming this amount does not exceed £330,000

 

God knows, but history is not their friend.

 

(iii) A maximum of £2m to the football players owed monies ·

 

Note no question of assuming the amount doesn't exceed £2m, they KNOW this one does.

 

An additional one off contribution of £3,000,000 to the football creditors in the event that Portsmouth FC is promoted to the FA Premier League any time before June 2022

 

Two things here - firstly how deluded are they, and secondly, you just know if the league rebrands in that timescale and they miraculously DO get promoted, they'll use that as an excuse to get out of it anyway...

[The9]

‘We must all realise, though, the kids are not going to be the answer in making sure Portsmouth have a really competitive season."

-----------

People go on about the FL letting them do this and that, but what about the other clubs in the league? A few managers have commented that they have had players taken from under their noses with the lure of unrealistic wages from Poopey, and that that means that they are "cheating". What about the chairmen in L1? If Poopey are allowed to build a squad based on unrealistic wages, are the other chairmen going to sit idly by and accept it? Probably. But shouldn't they group together and complain?

 

Time to dig out the Saints Championship relegation team from 2008/9 to have a look at the auspicious players we fielded that season maybe ?

[angelman]

Time to dig out the Saints Championship relegation team from 2008/9 to have a look at the auspicious players we fielded that season maybe ?

 

http://www.footballsquads.co.uk/eng/2008-2009/flcham/southam.htm

[Torres]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/howard-blues-supporters-are-major-weapon-1-4124313

 

Brian Howard believes Pompey fans’ latest remarkable show of support is proof of the club’s potential.

 

The midfielder is hoping to sign a permanent contract at Fratton Park.

 

And he was blown away by the fact more than 1,000 Blues fans made the trip to Aldershot Town for a pre-season friendly in midweek.

 

Howard said: ‘It’s a good chance for players to play against good opposition.

 

‘Bolton have got some quality players throughout their team, so it’s an opportunity for us to go up against them.

 

‘Hopefully the fans will come out again as they did against Aldershot.'

 

Looks like you'll get your wish, Brian. The same 1000 who went to Aldershot will probably be the crowd against Bolton...

[The Kraken]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/howard-blues-supporters-are-major-weapon-1-4124313

 

 

 

Looks like you'll get your wish, Brian. The same 1000 who went to Aldershot will probably be the crowd against Bolton...

Howie's a good hometown lad, I don't think he'll get wrapped up in the whole "amazing fans" bullsh*t. That was pretty creative headlining, I don't see anything in his comments that suggest he was even impressed let alone "blown away".

[Weston Super Saint]

http://www.portsmouth.co.uk/sport/pompey/pompey-past/howard-blues-supporters-are-major-weapon-1-4124313

 

 

 

Looks like you'll get your wish, Brian. The same 1000 who went to Aldershot will probably be the crowd against Bolton...

 

Lol.

 

Sheer desperation from the news now!

 

They're so desperate to cling to the bestest fans in the world tag, that they're now putting words into the mouths of players who don't even play for the club!

 

But I guess this is how history is written down there. They say/print something over and over again and then it becomes accepted as Pompey folklore!

[The9]

http://www.footballsquads.co.uk/eng/2008-2009/flcham/southam.htm

 

I've cut it down to players who actually played (should remove Saganowski in practice too). Yeesh. Players now playing above League One in bold.

 

1 Kelvin Davis

2 Chris Perry

3 Wayne Thomas

4 Marek Saganowski

5 Jan-Paul Saeijs

7 Rudi Skácel

8 Bradley Wright-Phillips if he still starts for Charlton

10 Paul Wotton

11 Andrew Surman

12 Lee Holmes

15 Jason Euell

16 Romain Gasmi

17 David McGoldrick if he's still playing for Forest

19 Morgan Schneiderlin

20 Adam Lallana

22 Simon Gillett

23 Lloyd James

24 Oliver Lancashire

26 Jake Thomson

28 Bartosz Białkowski

33 Joseph Mills

35 Matthew Paterson

37 Oscar Gobern if he still gets a game for Huddersfield in the Championship

39 Ryan Smith

40 Anthony Pulis

42 Kayne McLaggon

45 Callum McNish

 

Left during season (loan or otherwise)

9 Grzegorz Rasiak

5 Andrew Davies

14 Stern John

31 Tomáš Pekhart

30 Jack Cork

38 Jordan Robertson

41 Alex Pearce

18 Nathan Dyer

41 Zoltán Lipták

Edited 3 August, 2012 by The9

[alpine_saint]

http://www.portsmouth.co.uk/news/politics/leader-says-no-chance-of-council-buying-south-parade-pier-1-412505677

 

By Joe Nimmo

Published on Friday 3 August 2012 07:03

 

THE leader of Portsmouth City Council has said the authority would not even consider buying South Parade Pier.

 

Cllr Gerald Vernon-Jackson also ruled out giving financial aid to any group trying to take ownership of the Southsea landmark, arguing the council could not afford to subsidise it.

 

.....

Cllr Vernon-Jackson said there were crucial differences between The Pyramids Centre, which is being supported by the council and South Parade Pier.

 

‘The Pyramids provides a service that more and more people are using,’ he said. ‘But because it’s in such a state less and less people are using the pier.

 

‘For all intents and purposes the pier has been closed to the public. What has happened there is an absolute disgrace.

 

‘But it is a private sector asset and there has to be a private sector solution to its problems. We just can’t afford to get involved.’

......

 

Bit like a Football Stadium then, eh?

 

Yep. Sounds like PCC will run a mile if pressed on this loan request. Penny Mordaunt can press against me any time tho'

[Waterside.saint]

Lol.

 

Sheer desperation from the news now!

 

They're so desperate to cling to the bestest fans in the world tag, that they're now putting words into the mouths of players who don't even play for the club!

 

But I guess this is how history is written down there. They say/print something over and over again and then it becomes accepted as Pompey folklore!

 

They're not known as Pompey Pravda for nothing

[The9]

Looking at that Saints 2008/9 squad, if you take out BWP and Gobern who have been promoted out of L1 last season, and loanees Cork and Pearce, and remove all of our own academy products who actually turned out to be good - we only fielded TWO players (Kelvin and Schneiderlin) who we paid for and are now playing above the League One level.

 

Without significant investment (and the investment in the academy which produced Surman, McGoldrick, Lallana, Gobern and Dyer) we'd have been completely screwed - Only poor academy players and a load of temp signings left. And Pompey don't HAVE any academy players to "come good". Oh dear.

 

The Championship-starting side of 2011/12 featured only

 

1 Kelvin Davis

12 Lee Holmes

19 Morgan Schneiderlin

20 Adam Lallana

28 Bartosz Białkowski

 

Of that lot. And two of them have since left.

 

Portsmouth have NOTHING to base their team on this season, not even a team of Hatches, Imudias and Pulises, and no way of enticing players with the budget they SHOULD have.

Edited 3 August, 2012 by The9