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Pompey Takeover Saga


Fitzhugh Fella

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you have to take your hat off to them, I didn't think it was possible, but this is a significant day, and all parties should congratulate themselves.

 

It's a great day for anyone involved in administration or the legal profession, they are going to make a fortune.

Equally, anyone involved in property development, the contractors, estate agents in both residential and commercial - they are all set to do well from this deal.

Let's not forget the politicians, they all stood up, offered hollow promises to woo dim voters, and they can now push their way to the front of the photos.

This is truly a trailblazing deal.

Not a great day for creditors or taxpayers, but that's not news.

 

 

 

 

....Not that it is 'a deal', it's just a very small step on the long long road towards a deal.

 

All the stumbling blocks remain, I just await the Trust glossing over all the issues listed yesterday, and pretending the points penalty is up for debate.

 

So behind the hype and the spin it's probably just another great day for property developers.

 

 

 

I look forward to seeing an analysis of the detail, will the figures stack up?....

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Neil Allen ‏@pn_neil_allen

My big question today is if Lucy Carmichael turns up at the #Pompey Trust press conference what toilet could she use?

 

 

Such a comedy genius isn't he?

Wouldn't she just pïss all over the team like everybody else does when they visit Fratton Park these days.

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

 

It's a Lidl rather than an Aldi on Goldsmith Avenue. There is an ASDA half a mile away from **** park, a new Morrison's was built at the end of the M275 (close to the nearly refitted Sainsburys) and Waitrose has a store already in Southsea. Tesco is the only player without a large store on the island.

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Think we are going to need sick buckets soon

 

Penny Mordaunt MP ‏@PennyMordauntMP

Heroes of Pompey supporters trust, We salute you! The fans did it!! Huge achievement 4 the city and the national game. Let's get cracking!!!

 

Lol. It means nothing to the national game. This sort of sickening stuff is going to be trotted out for months.

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May depend on the language used in the FL's original "offer"...

 

Therefore, as a condition of membership, any new company established to apply for ownership of Portsmouth Football Club's share in The Football League will be required to:

 

http://www.football-league.co.uk/footballleaguenews/20120712/league-board-makes-membership-offer-to-portsmouth_2293334_2847729

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Nabil Hassan ‏@NabilHassan79

I now expect #pompey to avoid the 10-point penalty from the Football League as and when they exit administration after today's PST-PKF news.

don't tell me, let me guess, the PST are honouring the first CVA? No? Then there is no chance of this. None. The way things are going its more likely they will lose additional points especially if one or two Luton fans question the FL as to what the difference is.

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May depend on the language used in the FL's original "offer"...

 

Therefore, as a condition of membership, any new company established to apply for ownership of Portsmouth Football Club's share in The Football League will be required to:

 

http://www.football-league.co.uk/footballleaguenews/20120712/league-board-makes-membership-offer-to-portsmouth_2293334_2847729

 

The new company is already being used.

 

The old one is the one Baker Tilley are liquidating and investigating.

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Rival bidder for Portsmouth Football Club, Portpin, has issued this statement:

 

We still believe our bid remains the best offer for the future of Portsmouth Football Club. We remain ready to complete the deal in a matter of days, should the Trust be unsuccessful. That is our intention, and despite ill-informed gossip to the contrary, the Football League have not rejected our application. The Trust’s bid is conditional on securing a deal to flip Fratton Park and sell it to property developers. The money raised from that sale is vital to fund their bid and yet the rental agreement will ratchet up costs and put the Club under more pressure every year that goes by. We believe that keeping Fratton Park under the ownership of the Club–which our bid guarantees–is of paramount importance to the future of Portsmouth Football Club if it is to remain at the heart of the community.
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don't tell me, let me guess, the PST are honouring the first CVA? No? Then there is no chance of this. None. The way things are going its more likely they will lose additional points especially if one or two Luton fans question the FL as to what the difference is.

 

Allen wouldn't answer any questions about this yesterday which imo tells its own story - the FL should be consistent in their treatment of financial irregularity and that would mean a significiant points penalty.

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The new company is already being used.

 

The old one is the one Baker Tilley are liquidating and investigating.

 

In which case it's crystal clear :

 

"

Therefore, as a condition of membership, any new company established to apply for ownership of Portsmouth Football Club's share in The Football League will be required to:

 

1. Accept a deduction of 10 points in the 2012/13 season;"

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Rival bidder for Portsmouth Football Club, Portpin, has issued this statement:

 

As much as P****y fans hate Chinny, his statement reflects what the PST will come up against in terms of rent over the coming years. They really need to think about whether they would be better off paying rent to Chinny, or the new super dooper totally trustworthy " we only want a pepeercorn rent" sharks they are getting into bed with.

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I just want to stop by and take this opportunity to congratulate PST, all their leadership, all the fans who have given their time and money to save their beloved club.

 

Also, a special note of thanks and respect to Trevor Birch and his team for having the dedication and nerve to give PST time to get their package together to offer a unique new model to Football Club Ownership within the United Kingdom.

 

I am sure with such a dedicated team of professionals they will now move forwards and I am sure that the club will now go from strength to strength.

 

I shall miss this thread, (which clearly will have to be closed down now) it has been a journey and an education to all of those who have sailed on, or who have lurked alongside)

 

I shall miss the expressive wit and eloquent repartee of Mack as much as I miss the in depth research and analysis of that former member Corp Ho.

 

To all my fellow nutjobs, now that the end is here, may you live long and prosper as you use these years of experience to take forward your new careers as Investigative Journalists (I heard there are some vacancies in the UK at the moment for Top Quality Management in that field), or as M&A Consultants working at the very pinnacle of global markets.

 

May your Cellars never run dry and may your God(s) go with you.

 

Mods. Close the thread, archive it safely.

 

 

 

 

 

 

 

 

 

 

We'll need it back again next week

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Allen wouldn't answer any questions about this yesterday which imo tells its own story - the FL should be consistent in their treatment of financial irregularity and that would mean a significiant points penalty.

 

Couldn't not wouldn't. Allen knows **** all.

 

Luton Town lost 10 points for breaching regulations about paying agents from non club bank accounts, the question is have any FA regulations been breached by Jacobs et al? If they have then absolutely no reason why PFC2012 (or whatever guise they are going by this week) should be exempt from similar penalties. This is separate from failing to honour the first CVA and should be treated as such.

Edited by Chez
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In which case it's crystal clear :

 

"

Therefore, as a condition of membership, any new company established to apply for ownership of Portsmouth Football Club's share in The Football League will be required to:

 

1. Accept a deduction of 10 points in the 2012/13 season;"

 

You can read it any way you wish, but I would bet anybody that the Football League will NOT impose the -10

 

For some "historical" reason, Portsmouth has a "hold" over the Football Authorities, and they will not let one of their most "beloved" go to the wall, or face any crippling handicap

 

Plus of course, no prospective "rescuer" would work under such a handicap

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Skates are going mental now they look not to be getting a points deduction. Personally I think that is an absolute disgrace. Corp Ho is going on about how we know nothing about it on here as per usual. It is disgusting to think they will cheat and get away with it again.

 

It'll make it even funnier to watch his breakdown yet again when they do deduct the points.

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I bet they do.

In fact, if they don't get a points penalty I'll cough up a fiver! :scared:

 

 

They qualify for two lots, but I fear it will just be the lenient -10.

 

We've heard before how they would get their European place and there would be no transfer embargo etc etc.

Tis merely spin aimed at getting the dim to cough up cash.

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You can read it any way you wish, but I would bet anybody that the Football League will NOT impose the -10

 

For some "historical" reason, Portsmouth has a "hold" over the Football Authorities, and they will not let one of their most "beloved" go to the wall, or face any crippling handicap

 

Plus of course, no prospective "rescuer" would work under such a handicap

 

I'll happily have a £5 charity wager on that.

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-10 this season:)

-10 next season:p

-10 the season:D

and so on ...until they have learnt their lesson;)

 

I decided that the other night with the help of my mate in the pub:rolleyes:

 

That will teach the Pompey scam artists..:p

 

Swap the word season for game and it would be fairer :p

 

 

Sent from my iPad using Tapatalk HD

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@pn_neil_allen: #Pompey share prospectus will be out on Monday.

 

@pn_neil_allen: Brown: We are on the verge of something historic not just for #Pompey but football.

 

@pn_neil_allen: McInnes: 'They think it is all over, it nearly is now. We have one final hurdle to overcome and I believe we will do it.' #Pompey

 

@solentsport: PST PRESSER: Ashley Brown" we need pledges of £100 to now be turned into £1k's" #pompey

 

@pn_neil_allen: McInnes: 'We aim to move forwards, we aim to achieve success in a realistic manner.' #Pompey

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I still think it would be neighbourly if we had a whip round on this forum to help this historic Pompey fans initiative:rolleyes:

 

I have forwarded 10p on behalf of the SWF:)

 

Knowing you tight buggers :p

 

I don't anticipate get any donations.:D

 

 

Has anyone suggested they start again and move to the Moneyfields Stadium...:)

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@solentsport: PST PRESSER: Mcinnes "we,ve looked at other grounds to play but in this instance it's Fratton Park or bust"

 

@pn_neil_allen: McInnes: 'In this particular instance it is Fratton Park or bust for me. But we are 2-1 up with 5 minutes to play'. #Pompey

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