70's Mike Posted 21 January, 2013 Share Posted 21 January, 2013 It's difficult to know what the exact debt is now, with or without CVA1. The last few parachute payments have at least in part gone to pay off some of the football creditors which were included in the quoted figures, so to some degree the debt will have been reduced. Tip of the iceberg I know Birch must be walking a tightrope, they are almost trading illegally whilst in administration Link to comment Share on other sites More sharing options...
rallyboy Posted 21 January, 2013 Share Posted 21 January, 2013 you are right Richmond but Chinny is obviously still standing firm and willing to do ANYTHING to get his money. I was surprised when pompey first drew a line between players and other staff when it came to the football creditor rule. Surely anyone who is employed fulltime by the football club in any capacity should be a football creditor? And if this isn't the case and it is strictly players and clubs, how did Lampitt stake his claim under that ruling? Either way, pompey should have been down to a skeleton staff two years ago so it just shows how they have just continued to trade insolvently, ignore the debt, and reality itself. As for Birch, he's not as funny as AA, and his autograph isn't worth as much, but he seems just as efficient when it comes to rebuilding a football club. He has been a bargain - to put it into context, the bill that Trev has run up since October 1st is equivalent to the money we spent on Rickie Lambert. Then again they spent his transfer fee just on architects' drawings and development plans for the Harbourdome so that they could host the World Cup Final. But that wasn't a mad waste of money, no! - it also incorporated an underwater casino, The Maradona Hopsitality Lounge, the world's only underwater Mr Clive factory outlet, HMS Warrior as the dugouts, a seabed Saab dealership, Avram's Member Only Club, and the exclusive VIP monkfish/haddock-petting aquarium. Suddenly Nicola looks sane....briefly. Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 January, 2013 Share Posted 21 January, 2013 you are right Richmond but Chinny is obviously still standing firm and willing to do ANYTHING to get his money. I was surprised when pompey first drew a line between players and other staff when it came to the football creditor rule. Surely anyone who is employed fulltime by the football club in any capacity should be a football creditor? And if this isn't the case and it is strictly players and clubs, how did Lampitt stake his claim under that ruling? Either way, pompey should have been down to a skeleton staff two years ago so it just shows how they have just continued to trade insolvently, ignore the debt, and reality itself. As for Birch, he's not as funny as AA, and his autograph isn't worth as much, but he seems just as efficient when it comes to rebuilding a football club. He has been a bargain - to put it into context, the bill that Trev has run up since October 1st is equivalent to the money we spent on Rickie Lambert. Then again they spent his transfer fee just on architects' drawings and development plans for the Harbourdome so that they could host the World Cup Final. But that wasn't a mad waste of money, no! - it also incorporated an underwater casino, The Maradona Hopsitality Lounge, the world's only underwater Mr Clive factory outlet, HMS Warrior as the dugouts, a seabed Saab dealership, Avram's Member Only Club, and the exclusive VIP monkfish/haddock-petting aquarium. Suddenly Nicola looks sane....briefly. :adore: Link to comment Share on other sites More sharing options...
ottery st mary Posted 21 January, 2013 Share Posted 21 January, 2013 You rally make me LARF boy...... Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2013 Share Posted 21 January, 2013 Lord Palmerston @Lord_Palmerston I'm enjoying the disunity down the M27: "@TonyHusbandBBC #saintsfcGetting impression fans turning against hankie protest." Trousers @Lord_Trousers @Lord_Palmerston @TonyHusbandBBC That's a bit like the Lib Dems having a chortle about the state of the Tory party Link to comment Share on other sites More sharing options...
Gemmel Posted 21 January, 2013 Share Posted 21 January, 2013 This is the issue that Chainrai raised at the last court hearing. He has held a floating charge over all the club's assets since Feb 2011 - before he sold to CSI (see link to Mike Hall's piece below) Somehow or other PKF had left it out of their calculations - despite us and the Trust knowing about it for some time. Intresing snippet from one of their boards regarding this floating charge that Chanrai has.... posted by sj maskell, so fairly close to the action. Could pkf really have made such a mistake Link to comment Share on other sites More sharing options...
fanimal Posted 21 January, 2013 Share Posted 21 January, 2013 http://www.telegraph.co.uk/science/9814620/I-can-create-Neanderthal-baby-I-just-need-willing-woman.html Should be plenty of takers for this on Portsea Island?? Could write off their debt..... Link to comment Share on other sites More sharing options...
Elias Posted 21 January, 2013 Share Posted 21 January, 2013 http://www.telegraph.co.uk/science/9814620/I-can-create-Neanderthal-baby-I-just-need-willing-woman.html Should be plenty of takers for this on Portsea Island?? Could write off their debt..... I think they've actually tried that quite regularly on Portsea.... Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 21 January, 2013 Share Posted 21 January, 2013 i think they've actually tried that quite regularly on portsea.... tcwtb Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2013 Share Posted 21 January, 2013 http://thefootballmagazine.com/2013/01/21/riquelme-to-become-a-saint/ Link to comment Share on other sites More sharing options...
Sevvy Posted 21 January, 2013 Share Posted 21 January, 2013 http://www.newsnow.co.uk/A/624101115?-11209:804 Up date on Pompeys former owner Link to comment Share on other sites More sharing options...
andysstuff Posted 21 January, 2013 Share Posted 21 January, 2013 http://thefootballmagazine.com/2013/01/21/riquelme-to-become-a-saint/ No that can't be right. We were told on good authority that the only club on the south coast he would go to play in blue. Link to comment Share on other sites More sharing options...
hypochondriac Posted 21 January, 2013 Share Posted 21 January, 2013 http://thefootballmagazine.com/2013/01/21/riquelme-to-become-a-saint/ That would make me lol. Corpy give us a wave! Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 21 January, 2013 Share Posted 21 January, 2013 http://www.portsmouth.co.uk/sport/pompey/latest-man-to-leave-pompey-admits-he-had-to-go-1-4704377 ‘If the club was running properly, like it was when I first arrived, you would never dream of moving on. Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 January, 2013 Share Posted 21 January, 2013 Yeah lol Has to be put down in full for those reading on mobiles. Has Riquelme signed yet? Link to comment Share on other sites More sharing options...
for_heaven's_Saint Posted 21 January, 2013 Share Posted 21 January, 2013 http://thefootballmagazine.com/2013/01/21/riquelme-to-become-a-saint/ Nooooooo! It's the start of the Saints apocolypse!! Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2013 Share Posted 21 January, 2013 http://m.scmp.com/news/hong-kong/article/1131822/soccer-dream-over-hong-kong-businessmen-carson-yeung-and-balram Link to comment Share on other sites More sharing options...
holepuncture Posted 21 January, 2013 Share Posted 21 January, 2013 http://www.newsnow.co.uk/A/624101115?-11209:804 Up date on Pompeys former owner if the dewy eyed judge falls for that i willpursue a life of crime... i miss you nutjobs, rest assured i am reading each and every post... my toilet breaks are becoming expensive to my employers... the bestest atmosphere in world football.... PMSL! still reckon im bang on the money re: moneyfields shame about black Friday, im taking part in the first minute demo... then we draw a blue line and move on... poor old plucky don't have a ruler, they have a melting crayon, shame about those webbed fingers too! SHALALA , im still howling with laughter all my love Link to comment Share on other sites More sharing options...
hutch Posted 21 January, 2013 Share Posted 21 January, 2013 (Edit- yes I know technically the BBC is right as the debt from admin1 has been largely written off but it's a morally accurate figure of how much they've diddled businesses, charities and the taxpayer out of) Oh dear, here we go again. Sorry trousers but that ain't right. There was an agreement to write off the debt (I think it was £80-odd million) in exchange for 20%. Until that 20% is paid (even if it is further diluted by 98%) then the original debt has not been written off. It has been frozen, but that's not the same thing is it? Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2013 Share Posted 21 January, 2013 Oh dear, here we go again. Sorry trousers but that ain't right. There was an agreement to write off the debt (I think it was £80-odd million) in exchange for 20%. Until that 20% is paid (even if it is further diluted by 98%) then the original debt has not been written off. It has been frozen, but that's not the same thing is it? You're mistaking me for someone who strives to be correct all the time Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2013 Share Posted 21 January, 2013 Meanwhile , the latest re-tweet from the man who accuses Saints fans of being obsessed with Pompey... @pn_neil_allen: RT @NabilHassan79: #SaintsFC stewards told in pre-game briefing not to comment if asked by fans what they think about Nigel Adkins sacking. That said, I guess Mr Allen is highly qualified in the subject of propaganda... Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2013 Share Posted 21 January, 2013 @pn_neil_allen: RT @officialpompey: Football League figures show that #Pompey are the most followed League One club on Twitter - thanks for your support 30% of which are those obsessed nutjobs on the saintsweb forum... Link to comment Share on other sites More sharing options...
Waterside.saint Posted 21 January, 2013 Share Posted 21 January, 2013 @pn_neil_allen: RT @officialpompey: Football League figures show that #Pompey are the most followed League One club on Twitter - thanks for your support 30% of which are those obsessed nutjobs on the saintsweb forum... This reminds me of an alleged comment made regarding an ineffective junior Army officer: "His men would follow him anywhere, but only out of morbid curiosity." Link to comment Share on other sites More sharing options...
andysstuff Posted 21 January, 2013 Share Posted 21 January, 2013 (edited) @pn_neil_allen: RT @officialpompey: Football League figures show that #Pompey are the most followed League One club on Twitter - thanks for your support 30% of which are those obsessed nutjobs on the saintsweb forum... 24,000 ish followers vs officialSaints with over 76,000. Something must be wrong there. There are supposed to be the biggest and bestest. south Coast club. Edited 21 January, 2013 by andysstuff Link to comment Share on other sites More sharing options...
hutch Posted 21 January, 2013 Share Posted 21 January, 2013 You're mistaking me for someone who strives to be correct all the time Ouch! I'm wounded. Probably mortally. Link to comment Share on other sites More sharing options...
trousers Posted 21 January, 2013 Share Posted 21 January, 2013 Ouch! I'm wounded. Probably mortally. I wasn't implying you we're... As FR David would say: "Words don't come easy to me" Link to comment Share on other sites More sharing options...
tony13579 Posted 21 January, 2013 Share Posted 21 January, 2013 @pn_neil_allen: RT @officialpompey: Football League figures show that #Pompey are the most followed League One club on Twitter - thanks for your support 30% of which are those obsessed nutjobs on the saintsweb forum... Every one likes a good train wreck Link to comment Share on other sites More sharing options...
bridge too far Posted 21 January, 2013 Share Posted 21 January, 2013 Every one likes a good train wreck Like rubber-knecking a car crash Link to comment Share on other sites More sharing options...
Waterside.saint Posted 21 January, 2013 Share Posted 21 January, 2013 Every one likes a good train wreck Like rubber-knecking a car crash Two words: morbid curiosity. That explained, I strongly suspect, a large fraction of their Twitteratti. However, this never-ending train wreck on the Island of Dr Morreau continues to reward connoisseurs with rich and seemingly inexhaustible seams of comedy gold: I for one can hardly wait for the next side-splitting instalment Link to comment Share on other sites More sharing options...
SaintBobby Posted 22 January, 2013 Share Posted 22 January, 2013 This is a classic. So bad it's good. http://www.portsmouth.co.uk/sport/pompey/pompey-talk-no-game-but-new-players-incoming-1-4706264 I especially like the bit at about 18 mins in when the bloke seriously says "Who's left? X, Y, Z and Colin the Masseur". "Kev the Kitman...who is very respected in his field...how much more can he take?" WTFILN. Link to comment Share on other sites More sharing options...
trousers Posted 22 January, 2013 Share Posted 22 January, 2013 (edited) Duplicate post Edited 22 January, 2013 by trousers Link to comment Share on other sites More sharing options...
trousers Posted 22 January, 2013 Share Posted 22 January, 2013 (edited) @pn_neil_allen: Council still prepared to loan money to help #Pompey Trust bid. Interesting story by @pn_Rory_McKeown http://t.co/FQplojje But despite an ongoing court case over Fratton Park’s valuation, and the latest round of wage cuts, city council leader Gerald Vernon-Jackson said public cash would not be at risk if the loan was handed to the trust. Cllr Vernon-Jackson told The News: ‘We have to make a judgment about whether public money would be at risk. On one hand the time that the trust would have the loan is less – from February to August – and we know there’s £4m of additional parachute payments coming in over and above what we knew about when the trust made their bid to the council. ‘At the moment the advice is the council’s money would not be further at risk so that we would be able to make the loan.’ So, on one hand you've got Neil Allen saying in a recent Webchat: "Forget the parachute payments, they've gone - already allocated to football creditors" and on the other hand you've got the council saying: "it's ok, our loan is protected by the arrival of the parachute payments" Perhaps someone ought to send an email to the council gently remind them of their own terms and conditions when they originally agreed to the loan... Edited 22 January, 2013 by trousers Link to comment Share on other sites More sharing options...
Gruffalo Posted 22 January, 2013 Share Posted 22 January, 2013 Football creditors, CVA, Chinny, Fratton, PKF, and now a council loan - I wonder how many more times the parachute payments can be allocated.. Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 22 January, 2013 Share Posted 22 January, 2013 @pn_neil_allen: Council still prepared to loan money to help #Pompey Trust bid. Interesting story by @pn_Rory_McKeown http://t.co/FQplojje So, on one hand you've got Neil Allen saying in a recent Webchat: "Forget the parachute payments, they've gone - already allocated to football creditors" and on the other hand you've got the council saying: "it's ok, our loan is protected by the arrival of the parachute payments" Perhaps someone ought to send an email to the council gently remind them of their own terms and conditions when they originally agreed to the loan... No point as that is the lot who believed that pimpey cause 300 million pounds to enter the local area every year. Link to comment Share on other sites More sharing options...
pedg Posted 22 January, 2013 Share Posted 22 January, 2013 No point as that is the lot who believed that pimpey cause 300 million pounds to enter the local area every year. That because they are using parachute payment maths and its actually 3 million counted 100 times. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 22 January, 2013 Share Posted 22 January, 2013 @pn_neil_allen: RT @officialpompey: Football League figures show that #Pompey are the most followed League One club on Twitter - thanks for your support 30% of which are those obsessed nutjobs on the saintsweb forum... Ignores the fact that that massive support fails to fill Notarf Krap ......(mind you I expect the revenue generated by Twitter compensates somewhat) Link to comment Share on other sites More sharing options...
rallyboy Posted 22 January, 2013 Share Posted 22 January, 2013 SiP makes a valid point, there is little risk for the council loan as they know from their own extensive research that they could set up a burger van in Frogmore road and make £13M at every home game. But those recent postponements have done them no favours. The water table has been drenched by £13M of undrunk beer and Bovril, and another £13M of hot dogs have gone to landfill, it must look like the Sutton Hoo over there - but rather than wood and armour it's mainly a mound of pig's b0ll0x, eyelids and stale rolls. Tony Robinson might want to steer clear of that dig. Yeah, the council loan will be fine, and the Trust will certainly meet all those conditions laid out about no other bids, PP going straight to council etc. Link to comment Share on other sites More sharing options...
Gemmel Posted 22 January, 2013 Share Posted 22 January, 2013 If BC had any sense he'd have registered as a player for Pompey while owning it the first time, paid himself 1 million pounds a month and become a secured football creditor. Would've stoped all this faffing about with the charge on FP!. Hats off to this guy.... Chinny you have missed trick (This was off the news site) Link to comment Share on other sites More sharing options...
Hatch Posted 22 January, 2013 Share Posted 22 January, 2013 http://thefootballmagazine.com/2013/01/21/riquelme-to-become-a-saint/ LOL. That is highly amusing. Link to comment Share on other sites More sharing options...
FarehamRed Posted 22 January, 2013 Share Posted 22 January, 2013 http://thefootballmagazine.com/2013/01/21/riquelme-to-become-a-saint/ In other news, MP is to talk to his follow countryman Maradona about joining the coaching staff..... ;-) Link to comment Share on other sites More sharing options...
Ken Tone Posted 22 January, 2013 Share Posted 22 January, 2013 FYI - Colin Farmery, Trust spokesman, is on the News webchat from 1pm tomorrow....acording to someone on the News comments section Link to comment Share on other sites More sharing options...
Gemmel Posted 22 January, 2013 Share Posted 22 January, 2013 http://www.bbc.co.uk/sport/0/football/21030127 Link to comment Share on other sites More sharing options...
dubai_phil Posted 22 January, 2013 Share Posted 22 January, 2013 Interesting I notice in the flood of articles about our reaction to the events of Friday a single word keeps coming up from other fans in the Comments section to describe us. The phew can live with their bestest tags. I kind of like the fact that we are now being called Classy Not bad for a bunch of Left Wing Voting Dock Workers Link to comment Share on other sites More sharing options...
Ken Tone Posted 22 January, 2013 Share Posted 22 January, 2013 http://www.bbc.co.uk/sport/0/football/21030127 So the trust really hasn't got any money to buy the ground, and Robinson is definitely not going to buy it for them, after all they said at the time of the last court delay. That Ashley Brown bloke could teach Goebbels a few things about propaganda! Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 22 January, 2013 Share Posted 22 January, 2013 So the trust really hasn't got any money to buy the ground, and Robinson is definitely not going to buy it for them, after all they said at the time of the last court delay. That Ashley Brown bloke could teach Goebbels a few things about propaganda! Link to comment Share on other sites More sharing options...
Gemmel Posted 22 January, 2013 Share Posted 22 January, 2013 So the trust really hasn't got any money to buy the ground, and Robinson is definitely not going to buy it for them, after all they said at the time of the last court delay. That Ashley Brown bloke could teach Goebbels a few things about propaganda! It's a promising start. On day one, they will be in debt to the council, it debt to HNW's, in debt to the football creditors, in debt to the CVA, will probably need to take on more debt to have some working capital and all those fans who borrowed money from that credit union to buy their shares will be in.....debt. Which is all quite strange seeing as they were looking for a clean slate. Link to comment Share on other sites More sharing options...
KK the 2nd Posted 22 January, 2013 Share Posted 22 January, 2013 It's a promising start. On day one, they will be in debt to the council, it debt to HNW's, in debt to the football creditors, in debt to the CVA, will probably need to take on more debt to have some working capital and all those fans who borrowed money from that credit union to buy their shares will be in.....debt. Which is all quite strange seeing as they were looking for a clean slate. ... looking for a clean slate or a clean skate? ... neither ever likely to be found. Link to comment Share on other sites More sharing options...
hutch Posted 22 January, 2013 Share Posted 22 January, 2013 The council are still talking about a secured loan for around £1.5m. The skates will be asking them for an unsecured loan at least four times that much. Link to comment Share on other sites More sharing options...
Son of Dave Posted 22 January, 2013 Share Posted 22 January, 2013 Seriously, how on earth can the council talk about loaning them anything when the council are making cut backs elsewhere, or is this to be justified by the mythical ££squillions pompey adds to the local economy? Link to comment Share on other sites More sharing options...
View From The Top Posted 22 January, 2013 Share Posted 22 January, 2013 Not sure how many of here have a grip of US civil war history or Pickett's Charge. Link to comment Share on other sites More sharing options...
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