Jump to content

Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
in Golden Posts

 Share

Recommended Posts

Gemmel

Gemmel

Posted
Posted

Facepalm me up

 

 

[TABLE]

[TR]

[TD=bgcolor: #0000cc, align: left]MickQuinnPieThief Posted on 14/11/2012 15:23

Cheats... surely not[/TD]

[TD=bgcolor: #0000cc, align: right]

Report Message | Email Message To A Friend | Reply To Message[/TD]

[/TR]

[TR]

[TD=bgcolor: #ffffff][/TD]

[TD=bgcolor: #ffffff, align: right][/TD]

[/TR]

[TR]

[TD=bgcolor: #ffffff, colspan: 2, align: left]Where the press, other clubs and rivals have repeatedly called us "cheats" for winning the FA Cup where does this put Man Utd (Champions League winners, Premier League Champions, FA and League Cup Winners Man Utd)?

 

 

[/TD]

[/TR]

[/TABLE]

http://www.bbc.co.uk/news/business-20327870#

Ken Tone

Ken Tone

Posted
Posted

Can anyone decipher the logic in this one please? How can the trust benefit from a property dealer buying Fratton Park by paying Chainrai for this 'charge'?

In response to is Robinson a fan and what's in it for him?

 

Neil:

No he's not, although has recently been to a few games, including Yeovil away.

 

He is in it for a property deal, that is what everyone other than the Trust is primarily in it for.

 

If you can tie all the land together it is worth a lot of money.

 

Incidentally, the Trust stand to receive around £2.5m from the deal so both they and Robinson benefit.

Ken Tone

Ken Tone

Posted
Posted
The idea is to buy it and then develop the stadium along with someone like Tesco.

 

Ah - thanks.

 

Seems even more than usually pie-in-the-sky, if they seriously think they can a) pay off chainrai, b) buy the rest of the land, c) get planning permission, d) sell off bits of land to Tesco, yet without having to move away from Fratton to play elsewhere ... and make enough profit to give the Trust £2.5 million, on top of Robinson's own cut.

 

I didn't realise Tesco's were that generous!

GenevaSaint

GenevaSaint

Posted
Posted
Ah - thanks.

 

Seems even more than usually pie-in-the-sky, if they seriously think they can a) pay off chainrai, b) buy the rest of the land, c) get planning permission, d) sell off bits of land to Tesco, yet without having to move away from Fratton to play elsewhere ... and make enough profit to give the Trust £2.5 million, on top of Robinson's own cut.

 

I didn't realise Tesco's were that generous!

 

Every little help lol

The Kraken

The Kraken

Posted
Posted
No he's not, although has recently been to a few games, including Yeovil away.

 

He is in it for a property deal, that is what everyone other than the Trust is primarily in it for.

 

If you can tie all the land together it is worth a lot of money.

 

Incidentally, the Trust stand to receive around £2.5m from the deal so both they and Robinson benefit.

 

A point that I'm sure Portpin will be stressing to the courts when they're being asked to justify why they think their charge is worth more than the PST's offer, and more in accordance with previous legal valuations provided by administrators.

Ken Tone

Ken Tone

Posted
Posted
Tesco would pay for the redevelopment I think. The Trust would pay back the developers I imagine with a small amount of interest?

 

Presumably this has been dicussed on the POL message board? Have they said anything about details?

 

Is the plan to sell of land to Tesco's or get them to knock down and redevelop a stand with a supermarket in it, like the monstrosity at Bolton's old ground? Because surely if they intend to sell off a bit of land that they do notyet own, why can't Tesco's just buy it now, directly from the current owners?

saint si

saint si

Posted
Posted
A point that I'm sure Portpin will be stressing to the courts when they're being asked to justify why they think their charge is worth more than the PST's offer, and more in accordance with previous legal valuations provided by administrators.

 

Absolutely! Why would a court force a sale of land at some given value which then allows another party to turn an immediate profit?!

Faz

Faz

Posted
Posted

A Point of Order:

 

* Chinny hold a Debenture, which includes a charge over FP.

* He can't exercise his powers under that Debenture because PCFC (or whatever incarnation they now inhabit) are in Administration

* Administration ends in Feb unless there is a Court Order allowing it to continue - and presumably that would require the connivance of the unsecured creditors

* The Consortium will make Chinny an offer based on the value of FP as a football ground - £2.5 to £3m

* The Consortium intend to acquire further parcels of land to enhance the value of FP as a development opportunity

* Chinny will allow that to happen without tying them up in legal knots until February.

 

Close the thread.

bridge too far

bridge too far

Posted
Posted

Now, for the life of me I can't remember who owns what in the FP area but could it be that the trust might gain ownership of a ransom strip, rendering FP of little value unless the ransom strip is sold for an extortionate sum?

rallyboy

rallyboy

Posted
Posted

So the big day for the Trust is nearly upon us, their chance to thrill us with pioneering plans is here!

A year in the making, it's going to be sensational....

 

 

Things they will tell us....

It's Trust or bust.

Time is of the essence.

The property developers are only on board to help them and will barely make a penny.

The fans will have control of the club - sort of.

 

Things they will gloss over....

Loan sharks don't go away.

The court case over the ground could go on forever.

Any promotion in the next five years is a pipedream.

Where the extra £6M will come from.

The current wages are grossly overbudget.

Cup hero Kanu is still claiming an amount that could sink the whole deal on it's own.

The figures no longer stack up because Birch is spending their capital.

The fans' support has been quite poor, both at the park and in pledges.

The club has financial irregularity charges to answer.

Tesco don't give a sh1t about them.

The points penalty is a basic requirement of golden share ownership.

Crimes committed by 'the club' under previous owners were still crimes committed by 'the club.'

The chequered history of some parties involved.

In their argument the ground value changes between £2M and £10M, depending on whether the Trust is trying to buy it or sell it.

Any mention of the property developers taking the FaPPT?...

 

The fact that your average pompey fan would wet the floor if the sign instructed them to, and couldn't pose a relevant question even if it was tattooed on his sister's back, makes you think that the media line tomorrow night will be of glorious battling fan power.

A new dawn, pompey trailblazing their way to glorytown - a local club for local people.

It's what the people want to hear, so let's feed them frothy sickly spin.

 

Rather than a tale of the clueless and blindly-ambitious hopes of the property developing Trust that has come too far to admit defeat, but has little chance of surviving the financial sh!t storm that they have stepped into.

And all this will come from a propsectus that was originally promised around the time that man first crawled from the sea and attempted to develop thumbs.

 

It had better be the bestest prospectus ever, because there are a lot of questions that need answers.

hypochondriac

hypochondriac

Posted
Posted
Presumably this has been dicussed on the POL message board? Have they said anything about details?

 

Is the plan to sell of land to Tesco's or get them to knock down and redevelop a stand with a supermarket in it, like the monstrosity at Bolton's old ground? Because surely if they intend to sell off a bit of land that they do notyet own, why can't Tesco's just buy it now, directly from the current owners?

 

Probably because Tesco would not get planning permission if they did it without pfc.

dubai_phil

dubai_phil

Posted
Posted

PMSL

 

What

Is there

To Stop

Chanrai

 

BUYING THE LAND AROUND NOTTARF for a quid more than the Trust?

 

 

Nada nicht niet nowt

 

Oh yeah like he is gonna walk away all Mr nice after PST dragged his "good name" through the flooded car park mud

 

Hint - He doesn't HAVE to buy the CLUB to get his money back

trousers

trousers

Posted
Posted

@pn_neil_allen: RT @MarkJLittlewood: Still waiting for the #Pompey Trust to call in my £1,000 (as are 4+ of my #saintsfc mates) . Gorgeous entertainment. Thanks folks

andysstuff

andysstuff

Posted
Posted

Neil Allen ‏@pn_neil_allen

 

The #Pompey Trust have called a press conference for tomorrow at Fratton Park to unveil the share prospectus.

 

 

4h Dennis Strange Dennis Strange ‏@Denzil1898

 

@pn_neil_allen nabil hasain saying significant announcement and share prospectus, any clues?

from Portsmouth, Portsmouth

3h Neil Allen Neil Allen ‏@pn_neil_allen

 

@Denzil1898 I expect exclusivity will also be announced. Another positive step forward.

 

 

And there was me fretting that s 'significant announcement' might be a bit more significant then just exclusivity.

Gemmel

Gemmel

Posted
Posted
PMSL

 

What

Is there

To Stop

Chanrai

 

BUYING THE LAND AROUND NOTTARF for a quid more than the Trust?

 

 

Nada nicht niet nowt

 

Oh yeah like he is gonna walk away all Mr nice after PST dragged his "good name" through the flooded car park mud

 

Hint - He doesn't HAVE to buy the CLUB to get his money back

 

The trust won't be buying the other land, the property developer will.

 

However, If there is anyone that can explain to me, what is to stop Chanrai offering himself 4 million (5 , 6 or whatever upto his 17 million owed) for Fat Pipes Park, I would be very grateful.

Gemmel

Gemmel

Posted
Posted

So one pay day to Christmas and the pledge money will start being collected next week?

 

I have a feeling the New Forest is about to be raped of heather.

hutch

hutch

Posted
Posted
Absolutely! Why would a court force a sale of land at some given value which then allows another party to turn an immediate profit?!

'Coz they've got valuations. Real ones, three of 'em, written on proper paper an' all.

trousers

trousers

Posted
Posted
Neil Allen ‏@pn_neil_allen

 

The #Pompey Trust have called a press conference for tomorrow at Fratton Park to unveil the share prospectus.

 

 

4h Dennis Strange Dennis Strange ‏@Denzil1898

 

@pn_neil_allen nabil hasain saying significant announcement and share prospectus, any clues?

from Portsmouth, Portsmouth

3h Neil Allen Neil Allen ‏@pn_neil_allen

 

@Denzil1898 I expect exclusivity will also be announced. Another positive step forward.

 

 

And there was me fretting that s 'significant announcement' might be a bit more significant then just exclusivity.

 

Is that the same level of exclusivity that Pinnacle were granted...?

The Kraken

The Kraken

Posted
Posted
Is that the same level of exclusivity that Pinnacle were granted...?

 

Well done, PST. You now have a period of exclusivity.

 

Oh wonderful news! Who else was looking to bid, then?

 

Well, erm, Portpin suspended their bid. And, well, erm.....

fanimal

fanimal

Posted
Posted

B&Q Landlord (sellar) has planning consent to split their unit down from 120K to 50 + 70 Food, so Tesco will go in there as B&Q downsize - they are NOT an option for revelopment of Miland + FP. sellar also have a ransom strip over access to the Miland plots to the west of FP, which Robinson is trying to buy from that administrator. FP is not really worth very much at all either on its own or as part of a comprehensive redevelopment. Sorry PST.

The Kraken

The Kraken

Posted
Posted (edited)

From one of the PST organisers....

 

Get ready to part with your dosh lads. We are going to be working really hard to convert as many pledges as we can and to raise as many new ones.

 

Priority number 1 is purchase and we need to achieve that by February.

 

Nice to see that PKF will get their Christmas and New Year's bonus.

Edited by The Kraken
suewhistle

suewhistle

Posted
Posted
All this talk of Tesco building but don't I remember reading that Tesco have halted building new stores because of the recession?

 

OK, Asda, Morrisons and Waitrose then... OK, forget Waitrose.. There's already a Lidl nearby. Aldi?

mcjwills

mcjwills

Posted
Posted
All this talk of Tesco building but don't I remember reading that Tesco have halted building new stores because of the recession?

 

Yeah but its Tesco Fratton come on get with the plan

The Cat

The Cat

Posted
Posted

Imagine them playing in the Tesco Arena wearing their new redesigned blue and white striped shirts with added Tesco logo on the front.

 

You'd be able to get match tickets with your clubcard vouchers and collect points in the special Tesco kiosks at half time.

brightspark

brightspark

Posted
Posted

The one thing that astounds me is that Neil Allen genuinely believes Pompey have the "third or fourth least expensive squad" in the division. What on earth is he smoking? You would have to be retarded to believe that.

 

Cheats FC: Buszaky, Williamson, Howard, Gyepes, Michalik, Harley, McLeod, Allan......

Yeovil: Madden, Hayter, Ayling, Burn, Smith, Marsh-Brown, Foley, Burn, Stech.......

 

There's just one comparison. Pompey will definitely have the highest average wage per player in the division.

trousers

trousers

Posted
Posted

@pn_neil_allen: All details on the #Pompey Trust latest and how fans can pledge are in today's News. 6 pages worth. Excellent work by @pn_Emma_Judd and Co.

Torres

Torres

Posted
Posted
The one thing that astounds me is that Neil Allen genuinely believes Pompey have the "third or fourth least expensive squad" in the division. What on earth is he smoking? You would have to be retarded to believe that.

 

Cheats FC: Buszaky, Williamson, Howard, Gyepes, Michalik, Harley, McLeod, Allan......

Yeovil: Madden, Hayter, Ayling, Burn, Smith, Marsh-Brown, Foley, Burn, Stech.......

 

There's just one comparison. Pompey will definitely have the highest average wage per player in the division.

 

You've answered your own question, bud.

Torres

Torres

Posted
Posted
@pn_neil_allen: All details on the #Pompey Trust latest and how fans can pledge are in today's News. 6 pages worth. Excellent work by @pn_Emma_Judd and Co.

 

6 pages of copy & paste of the drivel handed to them by the PST. Top, top journalism.

hutch

hutch

Posted
Posted

So shït or bust time has arrived. This will be interesting, I'm already confused.

 

According to Trev, the PST have signed the contract to purchase the club, but it is conditional on a Court challenge over the Park.

 

What is interesting is that he says the Trust is buying the club. He also says the Trust is buying the Park. But the Trust hasn't got any money.

 

So either something odd is afoot, or Trev is (at best) being economical with the truth.

 

I'm not suggesting in any way that this relates to Pompey, but it would be a jolly good prank to get the intellectually challenged to buy shares in a trust if they thought that the trust was going to buy the football club and the stadium with their money.

andysstuff

andysstuff

Posted
Posted

Finalise by Xmas? Doesn't exactly leave them long to collect the pledges in does it. And I assume they will want the court case to be done and dusted by then as well. Seems a very tight timetable to my mind.

70's Mike

70's Mike

Posted
Posted

Seems to me that the Trust is a front for a few businessmen with a little bit of cash each, to gain control of a football club.Have a good time for a few years at creditors expense and then go pop

andysstuff

andysstuff

Posted
Posted
The completion of the deal doesn't require the pledges. Apparently they will be used for things like transfer budget.

 

So if the deal doesn't require the pledges, why do the HNW individuals need the Trust?

Give it to Ron

Give it to Ron

Posted
Posted

Nabil Hassan ‏@NabilHassan79

 

Administrators of #pompey have agreed the sale of the club to the Pompey Supporters Trust. Set to become largest supporter owned club in UK.

 

 

Ummm...can someone confirm that's Exeter already???

hutch

hutch

Posted
Posted
The completion of the deal doesn't require the pledges. Apparently they will be used for things like transfer budget.

Ah, so it's not a Pompey Supporter's Trust then, it's more of a Pompey and Some Other Clubs Supporters and Property Developers Trust.

badgerx16

badgerx16

Posted
Posted
So does this mean the league will now apply the manditory -10 points?

 

If the court accepts they are out of administration, yes. ( but the FL have always twisted their own rules where the skates are concerned ).

 Share
Go to topic listing
×
×
  • Create New...