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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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trousers

trousers

Posted
Posted (edited)

Meanwhile, Pompey's ongoing quest to be "competitive" in League One continues....

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-chasing-double-pompey-swoop-1-4311441

 

While Pompey’s financial position means it is unlikely they will be signing ex-Fulham and West Ham forward Boa Morte, there is a chance Buzsaky could join on a short-term deal.

 

The Hungarian midfielder featured 18 times for QPR in the Premier League last season but was released this summer.

 

Appleton added: ‘I have been in contact with Akos and his agent for a while now. He has been training at Wycombe just to keep himself fit.

 

‘We have said to him we’ll sort something out if we are in a place where we can do it and if he wants football until January.

 

‘We are not daft – he was a Premier League player last year. If something bigger and better came up, which I am sure it will in January, he will go.

 

Somewhere bigger and better than Pompey? Nah, can't think of any club that fits that bill Michael....surely there's no club bigger or better than Pompey....and that's before we've even considered how bloomin' marvelous the fans are.... :facepalm:

Edited by trousers
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Winchester Red

Winchester Red

Posted
Posted (edited)
2230Name: Bernd Warburton on Sep 28, 2012

Comments: Only the fans will take the club to the level they deserve

 

That is sooooooooooooo true

 

Only the fans fully owning the club can take them to a level they truly deserve... the very bottom, followed by administration, again!

 

Nobody deserves it more!

Edited by Winchester Red
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trousers

trousers

Posted
Posted

And just in case we'd forgotten how marvelous the fans are, they wheel out yet another player to remind us....

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/webster-we-re-not-feeling-the-fratton-heat-1-4311443

 

‘I don’t think there’s extra pressure at home. We just want to do right by the fans.

 

‘They’re one of the best, if not the best, fans in the country. So we just want to do the best for them.’

 

Oh, and they really shouldn't be as low in the league as they are, not a "competitive" team like Pompey...

 

"With the squad we have we shouldn’t be where we are."

 

:facepalm:

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alehouseboys

alehouseboys

Posted
Posted
seriously...how many times in the last couple of years have pompey fans been called (by themselves, or whoever) the "best in the country"

 

As Saint Garrett says, if you say it enough times the gullible really start to believe it must be true. We can thank Dinenage for all the bullsh*t who started banging out this garbage 30 odd years ago when they were even more sh*t than they are now and farrton was nothing more than a sparsely populated morgue.

 

I guess he's done a good job on them really.

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hutch

hutch

Posted
Posted
Meanwhile, Pompey's ongoing quest to be "competitive" in League One continues....

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appleton-chasing-double-pompey-swoop-1-4311441

 

While Pompey’s financial position means it is unlikely they will be signing ex-Fulham and West Ham forward Boa Morte, there is a chance Buzsaky could join on a short-term deal.

 

The Hungarian midfielder featured 18 times for QPR in the Premier League last season but was released this summer.

 

Appleton added: ‘I have been in contact with Akos and his agent for a while now. He has been training at Wycombe just to keep himself fit.

 

‘We have said to him we’ll sort something out if we are in a place where we can do it and if he wants football until January.

 

‘We are not daft – he was a Premier League player last year. If something bigger and better came up, which I am sure it will in January, he will go.

 

Somewhere bigger and better than Pompey? Nah, can't think of any club that fits that bill Michael....surely there's no club bigger or better than Pompey....and that's before we've even considered how bloomin' marvelous the fans are.... :facepalm:

Is there no end to the garbage that man spouts. Of course he can't sign anybody until January, and he knows it. He's bloody lucky to be able to sign them for a month at a time and pay them some of Chainrai's parachute money.

 

Any "bigger club" that can sign a free agent in January can sign that same free agent today.

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Thedelldays

Thedelldays

Posted
Posted

just amazed how they can continue to spout about their amazing support when fratton is half empty most weeks in league 1....FRATTON ffs.

we would average more than what fratton holds ffs when we were in league 1 with a few crowds per season that were over 25k and the odd sell out....

 

fratton half empty and their support is amazing...oh do fuk off

 

saints, Norwich, Man city, leeds, both sheffield clubs had far better support yet you don't hear about the amazing support constantly from these clubs..

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Doctoroncall

Doctoroncall

Posted
Posted
just amazed how they can continue to spout about their amazing support when fratton is half empty most weeks in league 1....FRATTON ffs.

we would average more than what fratton holds ffs when we were in league 1 with a few crowds per season that were over 25k and the odd sell out....

 

fratton half empty and their support is amazing...oh do fuk off

 

saints, Norwich, Man city, leeds, both sheffield clubs had far better support yet you don't hear about the amazing support constantly from these clubs..

 

Come on Delldays you're been banging on about attendences for weeks. Surely you must know that it's not that that makes them the best!

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Sevvy

Sevvy

Posted
Posted
just amazed how they can continue to spout about their amazing support when fratton is half empty most weeks in league 1....FRATTON ffs.

we would average more than what fratton holds ffs when we were in league 1 with a few crowds per season that were over 25k and the odd sell out....

 

fratton half empty and their support is amazing...oh do fuk off

 

saints, Norwich, Man city, leeds, both sheffield clubs had far better support yet you don't hear about the amazing support constantly from these clubs..

 

Remember, the Pompey way Quality over Quantity

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Pamplemousse

Pamplemousse

Posted
Posted
Fans throughout England need to get behind this, they need to wake up and realise that their very existence is being totally ignored, they are of no value as things stand, they must help rid English football of the vermin that is festering within the game.

 

For once, I agree with scumfinder general. English football does have vermin festering in it. TB needs to do the decent thing and liquidate it. ;)

 

And the skates on POL are now considering taking out a restraining order against Chainrai

 

It wouldn't cost that much to lodge an injunction though? Even for embarrassment reasons it may be worth considering lodging a restraining order (think of the headline: Pompey Fans Seek an Injunction to Keep Chainrai away from Fratton Park)!

 

:facepalm:

 

I think the :facepalm: smiley was invented purely for use on this thread, such is the rubbish being spouted by our deluded fishy neighbours.

 

In other POL news, they're creating some banners

 

piczs.png

 

That'll help get the Football League onside :facepalm:

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Saint Lindford

Saint Lindford

Posted
Posted
For once, I agree with scumfinder general. English football does have vermin festering in it. TB needs to do the decent thing and liquidate it. ;)

 

And the skates on POL are now considering taking out a restraining order against Chainrai

 

 

 

:facepalm:

 

I think the :facepalm: smiley was invented purely for use on this thread, such is the rubbish being spouted by our deluded fishy neighbours.

 

In other POL news, they're creating some banners

 

piczs.png

 

That'll help get the Football League onside :facepalm:

 

OMG, it is not the FL or PKF who have killed their club. It is the gun runner, the fake sheik, Dr Dolittle, Storrieteller and saggy chops et al who did the damage - oh and along with the few who lapped it up at the time.

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OldNick

OldNick

Posted
Posted

Just like the Toy salesman, as soon as it goes wrong they throw their toys out of the pram. Never did they get so het up when they were spending the money. It is just the football version of Greece, all happy and smiling until the gravy train stops and they have to pay the bill

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Jimmy_D

Jimmy_D

Posted
Posted
What exactly is it the Football League have done/not done this time? Are they supposed to be acting tough or acting lenient? I've lost track.

 

In a nutshell, Pompey Fans are annoyed that they might be lenient enough to let Chanrai take over, and are also annoyed that they might be too tough for the PST to take over.

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Colinjb

Colinjb

Posted
Posted
For once, I agree with scumfinder general. English football does have vermin festering in it. TB needs to do the decent thing and liquidate it. ;)

 

And the skates on POL are now considering taking out a restraining order against Chainrai

 

 

 

:facepalm:

 

I think the :facepalm: smiley was invented purely for use on this thread, such is the rubbish being spouted by our deluded fishy neighbours.

 

In other POL news, they're creating some banners

 

piczs.png

 

That'll help get the Football League onside :facepalm:

 

It's never your fault, it's never your fault.... Always the victims, it's never your fault....

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trousers

trousers

Posted
Posted
It's never your fault, it's never your fault.... Always the victims, it's never your fault....

 

I know us nutjobs keep banging on about it but if they had cared as much about Football League ownership scrutiny 3 years ago as they do now then they would currently be clawing their way back up the lower leagues as a phoenix club. The only reason why they currently have a club in the Football League is because they didn't do what they're doing now.

 

Can someone tighten up my strait-jacket another notch?

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trousers

trousers

Posted
Posted

Steve Waters ‏@SteveWaters3

@SOSPompey need to set up a petition to keep PST out not the other way round, there popularity is sinking rather quick

 

Who Runs My Club ‏@whorunsmyclub

@SteveWaters3 @SOSPompey Feel free nothing stopping you. software is free, the idea is free, comment is free. All you have to do is do it!

 

Steve Waters ‏@SteveWaters3

@whorunsmyclub @sospompey please send me a link to do it then

 

Who Runs My Club ‏@whorunsmyclub

@SteveWaters3 @SOSPompey search engine: https://www.google.co.uk/ phrase: 'online petition software'

 

SOS Pompey ‏@SOSPompey

@whorunsmyclub @SteveWaters3 and you'll get scummers jumping all over it you numpty!

 

Who Runs My Club ‏@whorunsmyclub

@SOSPompey @SteveWaters3 a very good point.

 

Neil Allen ‏@pn_neil_allen

@whorunsmyclub @SOSPompey @SteveWaters3 What about a pro-Portpin petition? People can then leave comments why they are in favour.

SOS Pompey ‏@SOSPompey

@pn_neil_allen @whorunsmyclub @SteveWaters3 that would be more relevant but would still get scum jumping on it.

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rallyboy

rallyboy

Posted
Posted

T got a strait jacket?

He isn't mad enough! - they've had me strapped to a trolley wearing a mask for the last year....

 

 

The Silence of the Fish.

In conjunction with Deluded Films and Bestest Leisure, The Ho Corporation presents a hilarious fantasy adventure featuring ridiculous claims and boasting, fanciful transfer gossip, the persistent refusal to accept reality, followed by quiet reflection on how silly one looks, and culminates in lengthy but welcome silence.

In a toyshop near you from Friday.

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Ken Tone

Ken Tone

Posted
Posted
In a nutshell, Pompey Fans are annoyed that they might be lenient enough to let Chanrai take over, and are also annoyed that they might be too tough for the PST to take over.

 

And they conveniently overlook the fact that of the FL had been strict enough to stop Chainrai and the other dodgy owners taking over, they'd have gone bust years ago --- and they'd all have been bleating on about the FA and FL killing them off

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badgerx16

badgerx16

Posted
Posted (edited)

SOS Pompey ‏@SOSPompey

@whorunsmyclub @SteveWaters3 and you'll get scummers jumping all over it you numpty!

SOS Pompey ‏@SOSPompey

@pn_neil_allen @whorunsmyclub @SteveWaters3 that would be more relevant but would still get scum jumping on it.

 

Surely not :rolleyes::smug:

 

2336 Name: Marc Jackson on Sep 28, 2012

Comments: If Portpin are rejected I intend to come forth with a bid, funded by a consortium of wealthy businessmen that shall elevate Pompey back to it's rightful place. In fact, I have already started drawing up plans to re-develop the stadium to include a Princess Di memorial and a monkey-chicken petting zoo, bound to attract extra punters.

 

:lol:

Edited by badgerx16
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trousers

trousers

Posted
Posted

http://www.express.co.uk/football/view/348845

 

ANGRY Portsmouth fans are threatening protests at their home game against S****horpe tomorrow after administrators tried to sell the club back to its former owners.

The crisis-hit League 1 club, relegated twice after two administrations since winning the FA Cup in 2008, has been warned it faces a fan boycott and collapse in support and income if administrator Trevor Birch of insolvency specialists PKF goes ahead with plans to sell it back to British Virgin Islands-registered firm Portpin.

 

A rival bid involving the Pompey Supporters Trust and a group of wealthy local businessmen has won the backing of the majority of fans who want to see an end to a cycle of financial instability at the club, which has had five owners in four years.

 

The Trust is still in the running and was in pole position until Friday last week. But then it emerged that Mr Birch had come under pressure from risk assessors at PKF to make Portpin, the club’s biggest creditor, the owner for a third time amid fears of an expensive legal challenge if the fans’ bid was chosen.

 

The administrators, who have run up a £1.3 million bill, are still to make a final, formal decision but have privately indicated that they now want to sell the club to Portpin, which is run by Hong Kong-based businessman Balram Chainrai and his Israeli business partner Levi Kushnir.

 

The pair are loathed by many in Portsmouth, a city damaged extensively by German bombers in the Second World War. In March this year, Bob Beech, of fans’ group SOS Pompey said: “I’d rather have the Luftwaffe back in Portsmouth than Balram Chainrai.”

 

In the face of fury from fans now demanding season ticket refunds, the administrators have tried to shift responsibility for the takeover decision onto the Football League, which must approve any takeover. But the league, also worried about the threat of legal action, has batted it back, saying it cannot make any decisions until presented formally with the administrator’s choice of preferred bidder.

 

“Once the preferred bidder has been selected, the matter will be considered formally by the League Board,” a Football League spokesman said.

 

The takeover battle will be a test of the League’s mettle and its newly-strengthened Owners’ and Directors’ Test, formerly known as the Fit and Proper Persons Test. One of the aims of the test is to stop former owners of football clubs pulling strings behind the scenes and forcing them into repeated administrations to rinse debt.

 

Chainrai and Kushnir put Portsmouth into administration three weeks after taking over the club in February 2010. They took over again after Pompey exited administration in October that year and then in June 2011 sold the club to CSI, a consortium led by Russian businessman Vladimir Antonov.

 

Five months later Antonov was arrested for alleged asset-stripping at a bank in Lithuania and in February this year Pompey were placed back into administration. Chainrai and Kushnir were key creditors of CSI and Pompey. They claim to be owed £18.6 million by the football club.

 

Portsmouth’s city council leader, Liberal Democrat Gerald Vernon-Jackson, and the city’s two MPs, Tory Penny Mordaunt and Lib Dem Mike Hancock, have all backed the Trust and expressed fears that a Portpin takeover will lead to more financial uncertainty for the club and creditors.

 

But earlier this week, Chainrai told the BBC: “We have the money and experience to take the club back where it belongs.”

 

In a report to its annual general meeting last night, the Pompey Supporters Trust said: “At the time of the AGM, it appears that Portpin is now the preferred bidder, although they still need to convince the Football League that they should be assigned the golden share.

 

“This is not a formality and we trust the League to fully investigate the background of Portpin’s involvement in the recent history of PFC. Should the League deem them inappropriate owners or lay down conditions that alter Portpin’s desire to own the club, then our bid remains on the table.

 

“It is credible, sustainable and we believe it offers the best future for Pompey.”

 

The League, which plans to dock Pompey 10 points for a second time for going into administration, has been widely criticised for approving the club’s last owners amid previous concerns over Antonov.

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Pamplemousse

Pamplemousse

Posted
Posted

fratton-park311l.jpg

 

Are any of you clever enough to super impose some "graffiti" onto the back of the Fratton End and blow it up then send to all the 'nationals' and media outlets including the South China Morning Post. I'm nowhere near computer savvy enough that but some of you are.

 

Come on then nutjobs, help this skate out ;)

 

 

.....................................

 

Meanwhile, another skate on POL has some other suggestions for protesting

 

A flypast plane trailing a message (over FP or SMS)

Projecting/beaming a message onto Fratton Park (or St Mary's for added effect)

If anyone has access to the pitch (at FP or SMS!), then cut the grass in a certain way to leave a visible message.

 

And they call us obsessed... :facepalm:

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Gorgiesaint

Gorgiesaint

Posted
Posted
This is quite interesting....

 

http://www.fansnetwork.co.uk/football/portsmouth/fb_news.php?storyid=18258&utm_medium=twitter&utm_source=twitterfeed

 

Anyone care to check how accurate the hunches on the thread were two years ago?

 

Now when Portpin pulled out, PCC offered to loan the Trust £1.5m. Birch faced having to renegotiate the compromise agreements with the players. When Portpin returned to the table, falsely claiming to have been asked to do so by Football League, PCC, PFA and PKF, at a stroke they wiped out £7.5m of trust funding. The loan was conditional on there being only one bid and now the Trust would have to meet the player compromises if they wanted to stay in the game.

 

The Trust managed to do this. They leveraged the development opportunity to solve the ownership problem.

 

As for financial viability: the Trust has access to a large pool of cash funding - which probably amounts to something like £7m. I don't know precisely because I'm not part of the bid team and you don't negotiate by placing your cards on th table face up. £11m parachute payments plus £7m =£18m.

 

These are the three key paragraphs for me.

 

They leveraged the development opportunity? Sounds suspiciously like they are borrowing against something to get funds now... anyone any idea's on what they mean?

 

Have the trust really got £7m in cash. We know the answer is no as they've not tried collecting the additional £900 from each of the £1k pledges yet but will they get £7m? Sounds optimistic to me. Oh and £11m in parachute payments, I'm assuming that they're including the £3m received in August which TB seems to be going through at a healthy rate, so probably on £8m left to come on that regard.

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Dark Munster

Dark Munster

Posted
Posted
2216 Name: Bertie Codswallop on Sep 28, 2012

Comments: The PST bid is much better even though they have no money and are a bunch of amateurs.

 

:lol:

 

BBC Solent Sport ‏@solentsport

Appleton does not fear the sack: Portsmouth boss Michael Appleton says he is not worried about the possibility o... http://bbc.in/UROXId

Sure he is safe - they can't afford to sack him!!

 

But Appleton says he is not worried that those comments could lead to him being out of a job.

"At the end of the day, there will always be a job out there for Michael Appleton," he said.

 

Isn't it one of the first signs of madness talking about yourself in the third person? :?

 

"Why do I say that? Because I can look myself in the mirror every single day knowing I've given 100%. I work as hard as I possibly can on the training field with the players.

 

Say what you will about Voldemort (incompetent, not the sharpest tool in the shed, etc.), but at least he's got guts. :scared:

 

He peaked at 17 goals in 28 appearances for Fisher Athletic. I think Voldemort has found just the right level of player for Cheats FC. :lol:

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Hockey_saint

Hockey_saint

Posted
Posted

From Hateley's head on the Snooze:

 

"If The Trust don't get control and Portpin do, the best thing The Trust can do with the money and their time, is start preparing to form a new Portsmouth based football team. Because there ain't going to be anything left worth saving once Chanrai's finished. PUP!"

 

Shouldn't you hwave started that a year ago? instead of blabbering on about how your "world-class history" would be wiped away when all us nutjobbers knew that was the only course of action anyway?.....jeez, even the pompey legend Alan ****e knew it!!

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Colinjb

Colinjb

Posted
Posted (edited)
Sorry guys I may be a bit behind but didn't Chanrai say the club was worthless to him in League One and that he planned to fund a promotion push? Are we assuming this is just a hollow promise in an attempt to get the fans onside?

 

They would have one season, this season to do that. At nearly 20 points adrift of the playoffs after only 8 games.... No chance. I wonder how much the club is worth to him in League 2.

 

He will asset strip them.

Edited by Colinjb
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