Big Bad Bob Posted 19 October, 2012 Share Posted 19 October, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-boss-boosted-by-interest-1-4391893 He just looks like the sort of thug who'd headbutt you for looking at him the wrong way.... Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 19 October, 2012 Share Posted 19 October, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-boss-boosted-by-interest-1-4391893 ‘It was going to be a season where we had a competitive budget and I could bring some top-quality players to the club and go up straight away. Like he's going to get that under the PST..... Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 (edited) This from someone 'close' to the bid. "The property developer element allows the Trust to restructure their finance plan as the £2.75m offer to Portpin for the debenture is taken on by the PD instead nor will it mean the Trust having to borrow from the council. A deal has been put in place to purchase all the land which allows development to take place". The Trust seem to be suggesting that they have a choice as to whether to call in the Council loan or not. The fact is they don't have a choice....whilst there are other bids on the table (whether they have "preferred" status or not -i.e. Portpin) then the conditions of the council loan remain unsatisfied. That's why they've had to go down the property developer route - to plug the gaping hole that not being the sole bidder has created in their original proposal. Edited 19 October, 2012 by trousers Link to comment Share on other sites More sharing options...
LGTL Posted 19 October, 2012 Share Posted 19 October, 2012 Appleton: ‘It was going to be a season where we had a competitive budget and I could bring some top-quality players to the club and go up straight away. The scenario we are in now is the opposite end of the scale to what I thought it was going to be. What planet was he on? All he had to do was read this thread FFS. Him an those dirty bastards are well suited. Link to comment Share on other sites More sharing options...
saint si Posted 19 October, 2012 Share Posted 19 October, 2012 Like he's going to get that under the PST..... The man's as deluded as the rest of them. They've been in administration since February FFS! Link to comment Share on other sites More sharing options...
gaz Posted 19 October, 2012 Share Posted 19 October, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-boss-boosted-by-interest-1-4391893 Even Appy facepalms his own quotes. Link to comment Share on other sites More sharing options...
BigShadow Posted 19 October, 2012 Share Posted 19 October, 2012 Some amusing posts in the comments section of the Lancashire Telegraph article on Appleton..... Pompey Claret says... 12:24pm Fri 19 Oct 12 Pompey should be kicked out of the league. A complete example of a club trying to live with the big boys in the Premier League by spending money they didn't have. Not only trying to screw the TAX MAN but us TAX PAYERS too. A poorly run club and should be made to start again none of this sentimental sh@t. Pomey are an Embarrasment, they are a laughing stock in football so shut up shop and start from scratch as a new club. McClaret says... 1:17pm Fri 19 Oct 12 If it involves compo then we will back off. Report this post » Register/Log In » IanMcL says... 2:03pm Fri 19 Oct 12 The compensation would be ok. Pompey only pay a penny in the pound, so they should receive the same! Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 (edited) http://www.twohundredpercent.net/?p=20864 The Supporters Trust have put together a community bid based on community shares and the involvement of local businessmen and wealthy Pompey fans. In the biggest fan community-based bid in the history of the Trust movement, the Trust have matched Portpin in every respect except one, the valuation of Fratton Park as an asset of the club. The Trust bid is fully funded and costed for the next 3 – 5 years. The money they plan to put into the club – much of it already in escrow – represents a fresh investment of equity to the tune of £4m. This contrasts vividly with Portpin’s bid which is funded by the transfer of up to £5m debt into the club post-administration. Edited 19 October, 2012 by trousers Link to comment Share on other sites More sharing options...
Window Cleaner Posted 19 October, 2012 Share Posted 19 October, 2012 The man's as deluded as the rest of them. They've been in administration since February FFS! out of interest and to save me perusing 76K posts or so; how much money do the PST actually have? Link to comment Share on other sites More sharing options...
andysstuff Posted 19 October, 2012 Share Posted 19 October, 2012 out of interest and to save me perusing 76K posts or so; how much money do the PST actually have? Think the actual physical cash banked was 3500 lots of £100. Although I would have thought that the 3500 figure was probably closer to 5000 by now. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 http://www.telegraph.co.uk/sport/football/teams/portsmouth/9618579/Portsmouth-Supporters-Trust-named-as-preferred-bidder-by-administrator-of-League-One-club.html PKF is understood to have sought assurances from the trust that, after court costs have been paid, it would still be able to honour its twopence-in-the-pound bid to unsecured creditors before it was made preferred bidder on Thursday. The Daily Telegraph understands that Portpin had not only failed to persuade the League of its suitability as a bidder but had also been unable to strike a binding agreement with the football creditors. It meant PKF finally conceded it had no other option than to pursue the trust’s offer. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 19 October, 2012 Share Posted 19 October, 2012 Think the actual physical cash banked was 3500 lots of £100. Although I would have thought that the 3500 figure was probably closer to 5000 by now. So half a million then, wow you can buy a football club for that now, think I'll get one then :rolleyes: Link to comment Share on other sites More sharing options...
andysstuff Posted 19 October, 2012 Share Posted 19 October, 2012 And don't forget, there's still the not insignificant matter of Kanu's court case to come. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 out of interest and to save me perusing 76K posts or so; how much money do the PST actually have? Nearly £4m according to Maskell....? "The Trust bid is fully funded and costed for the next 3 – 5 years. The money they plan to put into the club – much of it already in escrow – represents a fresh investment of equity to the tune of £4m" Link to comment Share on other sites More sharing options...
Matthew Le God Posted 19 October, 2012 Share Posted 19 October, 2012 Nearly £4m according to Maskell....? "The Trust bid is fully funded and costed for the next 3 – 5 years. The money they plan to put into the club – much of it already in escrow – represents a fresh investment of equity to the tune of £4m" Seems odd describing it as "fully funded", if a large part of the money is in uncollected pledges. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 http://www.arabianbusiness.com/-20m-mideast-bid-for-portsmouth-fc-fails-476881.html A Middle East bid to takeover troubled English football club Portsmouth has failed after administrators nominated Portsmouth Supporters Trust as the preferred bidder. Investors from the Middle East had tabled a $20.4m bid which would have left the ailing club debt free. The offer to buy the troubled club was made on September 4, via chartered accountants Born & Co and the proposal included buying “the assets of Portsmouth Football Club… This is to include, inter alia, the freehold property and the players contracts”. Link to comment Share on other sites More sharing options...
Ken Tone Posted 19 October, 2012 Share Posted 19 October, 2012 Nearly £4m according to Maskell....? "The Trust bid is fully funded and costed for the next 3 – 5 years. The money they plan to put into the club – much of it already in escrow – represents a fresh investment of equity to the tune of £4m" No even she is not claiming they have £4 million yet. Note the "much of it "weasel phrase. I believe they got about 2000 pledges of £100 plus an unspecified vague amount from 'high net worth investors', who may have given them real money or may have used 'monopoly money' promises. i'd guess they only have between £250,000 and £500,000 in ready cash, with promises/pledges of up to £4 million. They cannot meet the condityions for the PCC loan, so they are forced to trust this property developer . Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 Seems odd describing it as "fully funded", if a large part of the money is in uncollected pledges. Since when did someone in Pompey la la Land plucking figures out of the air ever seem 'odd' to us? It's "normal" behaviour that end of the M27, surely? Link to comment Share on other sites More sharing options...
JackanorySFC Posted 19 October, 2012 Share Posted 19 October, 2012 Think the actual physical cash banked was 3500 lots of £100. Although I would have thought that the 3500 figure was probably closer to 5000 by now. Not as much as that I believe, it was around 2,300 individual pledges and about a million from HNW individuals. No way is it anywhere near 5k by now, they are begging people to chip in £10 each on POL! As soon as I receive my prospectus I'll be pulling my "investment" as well. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 No even she is not claiming they have £4 million yet. Note the "much of it "weasel phrase. I'm happy with my interpretation... (but, yes, agree that they don't actually mean "most") much(mch)adj. more (môr, mr), most (mst)Great in quantity, degree, or extent: not much rain; much affection. n.1. A large quantity or amount: Much has been written. 2. Something great or remarkable: The campus wasn't much to look at. adv. more, most1. To a great degree or extent: much smarter. 2. Just about; almost: much the same. 3. Frequently; often: doesn't get out much. Link to comment Share on other sites More sharing options...
Saint Lindford Posted 19 October, 2012 Share Posted 19 October, 2012 The Trust seem to be suggesting that they have a choice as to whether to call in the Council loan or not. The fact is they don't have a choice....whilst there are other bids on the table (whether they have "preferred" status or not -i.e. Portpin) then the conditions of the council loan remain unsatisfied. That's why they've had to go down the property developer route - to plug the gaping hole that not being the sole bidder has created in their original proposal. But The Trust bid is fully funded and costed for the next 3 – 5 years!!! All eventuallities are 'accounted' for, what can go wrong? Well having to pay the already agreed £8m to former heroes (when they only want to pay a fraction of that) and the costs of the potential court case over Fatpipe Park. Link to comment Share on other sites More sharing options...
rallyboy Posted 19 October, 2012 Share Posted 19 October, 2012 so the property developers' plan seems to be, buy the spare land for a million or two (?), and get Portpin to accept £2.75M. We all realise that that fatpipedream is not going to happen, but I guess they consider that ownership of the other bit will be useful at some point, even if someone else owns the ground. Whereas the Trust plan seems to be, ask people to buy them big presents, and try to stay friends with them. In previous years the owner of the ground always needed cooperation from the neighbouring landowner to consider a redevelopment. Chanrai doesn't care about a new ground, so he could now turn the tables and control ALL redevelopment by using the ground as the ransom... The value of it increases if a neighbouring developer needs it quite badly - if they've done a deal on the other bit then they are already on the end of Chinny's little fishing rod with a hook hanging out of something delicate. You really wanted to tie those two deals up together and quickly if you wanted a bargain. If the PDT (property developing Trust) can't wrestle control of the Fatpipe Arena, how long will the property developers hold onto wasteland that could be earning cash, before they give up on the Trust masterplan of a full redevelopment? - and will the figures actually stack up, even if they do get the land soon? They will never get it for £2.75M, so you have to guesstimate that they need to put at least £6M on the table to bundle all the land together. While I'm sure they will be as helpful as possible to their junior partners in the great fan buyout, they will want a return on that fairly sharpish, and there's no way they're selling it back to the Trust for the price it cost them. The charge on the ground is everything to Chinny, it is the only ace in the pack, and he won't be giving it away. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 (edited) Conspiracy thought.... Isn't an asset worth what someone is prepared to pay for it? So all Chainrai has to do is find "someone" who will offer 'the club' £10m for Fatpipe Park sometime between now and when Birch takes Portpin to court (for refusing the Trust's £2.75m offer). Surely faced with a seemingly genuine offer of £10m the judgr would throw the case out of the court, wouldn't they? I'm sure Chainrai would be able to find "someone" to make an offer of £10m from somewhere... Edited 19 October, 2012 by trousers Link to comment Share on other sites More sharing options...
OldNick Posted 19 October, 2012 Share Posted 19 October, 2012 Isn't FP a grade 2 listed property? I'm sure the entrance would be able to be integrated into a developments design, but that must inhibit the developers a bit Link to comment Share on other sites More sharing options...
Kingsland Red Posted 19 October, 2012 Share Posted 19 October, 2012 The entrance / part of the main stand building may be listed, but not the concrete terracing etc to the other three sides Nick. Link to comment Share on other sites More sharing options...
Colinjb Posted 19 October, 2012 Share Posted 19 October, 2012 The entrance / part of the main stand building may be listed, but not the concrete terracing etc to the other three sides Nick. Typical Portsmouth, the only part of the ground protected is a 'mock' tudor facade. Nothing about that terrible club is what it seems. Link to comment Share on other sites More sharing options...
Panda Posted 19 October, 2012 Share Posted 19 October, 2012 Conspiracy thought.... Isn't an asset worth what someone is prepared to pay for it? So all Chainrai has to do is find "someone" who will offer 'the club' £10m for Fatpipe Park sometime between now and when Birch takes Portpin to court (for refusing the Trust's £2.75m offer). Surely faced with a seemingly genuine offer of £10m the judgr would throw the case out of the court, wouldn't they? I'm sure Chainrai would be able to find "someone" to make an offer of £10m from somewhere... But if Trev gets an offer of £10m for the ground then is going to accept it isn't he? Balu could end up buying his own ground back! Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 @pn_neil_allen: #Pompey Trust; derided by those with agendas, undermined by mischief makers, abused by disbelievers & mocked by rival fans. Still sneering? Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 @NabilHassan79: VIDEO: #pompey Supporters' Trust spokesman @colinfarmery talks to @TonyHusbandBBC about the next steps for the PST: http://t.co/CepAH4RK Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 But if Trev gets an offer of £10m for the ground then is going to accept it isn't he? Balu could end up buying his own ground back! If they got the timing right then they could make an offer before the court case but not actually go through with it once the court case is done. Unlikely but just thinking out loud :-) Link to comment Share on other sites More sharing options...
scally Posted 19 October, 2012 Share Posted 19 October, 2012 This quote needs to be stored for future use, I reckon it might come back to bit him on the ass big time @pn_neil_allen: #Pompey Trust; derided by those with agendas, undermined by mischief makers, abused by disbelievers & mocked by rival fans. Still sneering? Link to comment Share on other sites More sharing options...
Colinjb Posted 19 October, 2012 Share Posted 19 October, 2012 @pn_neil_allen: #Pompey Trust; derided by those with agendas, undermined by mischief makers, abused by disbelievers & mocked by rival fans. Still sneering? Counting eggs, always a fools errand. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 Counting eggs, always a fools errand. Indeed. Or in the words of Adam Blackmore.... Adam Blackmore @bigadamsport @pn_neil_allen @solentsport You are ungracious misguided and incorrect as well as grumpy - check your facts before you embarrass yourself That'll never fail to amuse... Link to comment Share on other sites More sharing options...
CB Saint Posted 19 October, 2012 Share Posted 19 October, 2012 @pn_neil_allen: #Pompey Trust; derided by those with agendas, undermined by mischief makers, abused by disbelievers & mocked by rival fans. Still sneering? He really is a bit of a plonker. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 He really is a bit of a plonker. The EDF Energy London and the South of England Media Awards 2010 was held on 21 October 2010 at Lingfield Park in Surrey. The winners were: Sports Journalist of the Year - Neil Allen, The News, Portsmouth Link to comment Share on other sites More sharing options...
dronskisaint Posted 19 October, 2012 Share Posted 19 October, 2012 @pn_neil_allen: #Pompey Trust; derided by those with agendas, undermined by mischief makers, abused by disbelievers & mocked by rival fans. Still sneering? Oh yes, very much so but saving our best for when it all goes t its up in a few days/months....delete as applicable. Link to comment Share on other sites More sharing options...
dronskisaint Posted 19 October, 2012 Share Posted 19 October, 2012 So half a million then, wow you can buy a football club for that now, think I'll get one then :rolleyes: Hmm - that particular few quids' worth could stretch the definition of 'football club' as far as the Trades Description act dictates. Link to comment Share on other sites More sharing options...
trousers Posted 19 October, 2012 Share Posted 19 October, 2012 @alexread11: @pn_neil_allen Do #StainsFC have a trust? Didn't they just twiddle their thumbs when they were in trouble? @Kyle_Whitworth: @alexread11 @pn_neil_allen when them down the road were in trouble this is how they responded http://t.co/6F3Bnr8H @GavinHannaford: @Kyle_Whitworth @alexread11 @pn_neil_allen its about time they stopped crowing jealous and bitter "fans" @NewmanElly: @Kyle_Whitworth @alexread11 @pn_neil_allen ha ha ha! Hilarious! Got some die-hard fans there - NOT!!! Link to comment Share on other sites More sharing options...
Colinjb Posted 19 October, 2012 Share Posted 19 October, 2012 (edited) It actually makes a change that they have something to feel good about. Let's see how good they feel when a self sustaining club with 11k home support tries to work within their own perceived definition of 'competitive.' A generation of Skates has grown up with a Premiership club, they are going to be sorely upset when the true reality finally sinks in. The Preston North End of the South. Edited 19 October, 2012 by Colinjb Link to comment Share on other sites More sharing options...
saint si Posted 19 October, 2012 Share Posted 19 October, 2012 Oh it's just going to be so much fun if the PST do manage to take over. The novelty of fan ownership will soon fade away, and they'll become impatient treading water in league one / league two with sub-10k average crowds. There are now so many clubs with a solid infrastructure base they will simply find they cannot compete when put on a properly level playing field. Link to comment Share on other sites More sharing options...
Pugwash Posted 19 October, 2012 Share Posted 19 October, 2012 This from someone 'close' to the bid. "The Trust and their partner will have a value that they are willing to go to. If the fair value is more than that figure then the Trust will walk away. They are all about financial responsibility because they take their legal duties seriously". Link to comment Share on other sites More sharing options...
St Chalet Posted 19 October, 2012 Share Posted 19 October, 2012 They do talk some ****e don't they! Jealous and bitter? I wish we were in league 1 again and not in the Prem! Link to comment Share on other sites More sharing options...
Colinjb Posted 19 October, 2012 Share Posted 19 October, 2012 They do talk some ****e don't they! Jealous and bitter? I wish we were in league 1 again and not in the Prem! They mistake the need to stay informed for obsession. "Know your enemy." Link to comment Share on other sites More sharing options...
Dark Munster Posted 19 October, 2012 Share Posted 19 October, 2012 So the Trust get strung along for about 4 months while PKF keep making encouraging noises and trousering £9,000 per day. Then the next tranche of parachute money comes in and they say 'sorry guys, you haven't got the resources'. And hit the liquidate button. All makes perfect sense to me. Trust or bust, and I reckon the latter is odds on still. That's the way I see it. Tragic for the phew, isn't it? "If we get Portpin's agreement we can tie this up pretty quickly" And if I can get Lucy Liu, Selma Hayek and Mrs. Munster's agreement, I can tie up the foursome pretty quickly. Link to comment Share on other sites More sharing options...
Son of Dave Posted 20 October, 2012 Share Posted 20 October, 2012 So, after months in administration, the best offer to save the phew is made by themselves ? Whatever happened to the 'sleeping giant' & what sort of job have pkf done to highlight their plight - surely there must have been countless Billionaire owners knocking at the door to take them onto the next level / back to their rightful place at the top table of English football ? No, that's not happened because the only people interested in their self inflicted woes are those of portsea. The trust will hype this up for some self serving pr but then the reality of being potless will hit hard - and we'll be there to laugh, and laugh... Link to comment Share on other sites More sharing options...
dvaughanwilliams Posted 20 October, 2012 Share Posted 20 October, 2012 Conspiracy thought.... Isn't an asset worth what someone is prepared to pay for it? So all Chainrai has to do is find "someone" who will offer 'the club' £10m for Fatpipe Park sometime between now and when Birch takes Portpin to court (for refusing the Trust's £2.75m offer). Surely faced with a seemingly genuine offer of £10m the judgr would throw the case out of the court, wouldn't they? I'm sure Chainrai would be able to find "someone" to make an offer of £10m from somewhere... I don't think he even needs a bidder. All he needs is a couple of qualified surveyors to be able to lay out a case that supports his value of £17m. Things don't have a single, indisputable value.Imagine one of a pair of antiques is on sale. On its own worth £1k, but the pair is worth £10k. To someone who already owns the other it is worth £9k, if not only £1k. So, IF, the club were promoted to the Premier League and IF there was a Billionaire who wanted to buy the club, then the ground would be worth £17m. Link to comment Share on other sites More sharing options...
PhilippineSaint Posted 20 October, 2012 Share Posted 20 October, 2012 So, after months in administration, the best offer to save the phew is made by themselves ? Whatever happened to the 'sleeping giant' & what sort of job have pkf done to highlight their plight - surely there must have been countless Billionaire owners knocking at the door to take them onto the next level / back to their rightful place at the top table of English football ? No, that's not happened because the only people interested in their self inflicted woes are those of portsea. The trust will hype this up for some self serving pr but then the reality of being potless will hit hard - and we'll be there to laugh, and laugh... Evil evil but fun fun fun Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 October, 2012 Share Posted 20 October, 2012 http://www.arabianbusiness.com/-20m-mideast-bid-for-portsmouth-fc-fails-476881.html A Middle East bid to takeover troubled English football club Portsmouth has failed after administrators nominated Portsmouth Supporters Trust as the preferred bidder. Investors from the Middle East had tabled a $20.4m bid which would have left the ailing club debt free. The offer to buy the club was made on September 4, via chartered accountants Born & Co and the proposal included buying “the assets of Portsmouth Football Club… This is to include, inter alia, the freehold property and the players contracts”. But administrators PFK said in a statement issued on Thursday: "After extensive discussions over the past few weeks, we have today nominated Portsmouth Supporters Trust as the preferred bidder for Portsmouth Football Club. So many bids, so little time Link to comment Share on other sites More sharing options...
rallyboy Posted 20 October, 2012 Share Posted 20 October, 2012 is that just a mad press release - or a vital little piece of Chanrai's grand jigsaw? Look at exhibit C your honour, a piece of A4 that states that on 4/9/12 a consortium offered $20M for the ground (and 10p for the CVA) - Mr Birch chose to decline that offer, but it clearly values the ground at way in excess of the £2.75M offered.... Everything happens for a reason. Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 October, 2012 Share Posted 20 October, 2012 is that just a mad press release - or a vital little piece of Chanrai's grand jigsaw? Look at exhibit C your honour, a piece of A4 that states that on 4/9/12 a consortium offered $20M for the ground (and 10p for the CVA) - Mr Birch chose to decline that offer, but it clearly values the ground at way in excess of the £2.75M offered.... Everything happens for a reason. Think it refers back about 100 pages to one of the Mickey Fialka's mates bids. But interesting that it got commented on locally....... And no, of course, nobody speculated at all that it could have been for inflationary purposes Link to comment Share on other sites More sharing options...
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