Big Bad Bob Posted 7 February, 2013 Share Posted 7 February, 2013 @PKF_UK: PKF confirms another offer has been made for Portsmouth Football Club - http://t.co/O1RGEYDy That's strange because someone who I play pool with (I know, I know) said that he had heard that someone was going to buy the club for an amount and then sell 51% of that to the supporters trust. He would then retain 49% of the club. The amounts he mentioned were far too low though so I did dismiss it, however PKF's statement sort of has that ring about it... Their statement also sounds like someone should be ready to put a fork in the PDT's bid... Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 http://www.newsnow.co.uk/A/628162056?-11209:804 Its official PKF have announced the other bid Presumably they'll be exiting administration soon which means they'll have 10 of their hard-won points deducted shortly. Oh dear, what a pity Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: PKF: "Keith Harris has indicated that he would like to meet with the PST to discuss a stakeholding and participation in the club." Link to comment Share on other sites More sharing options...
Gemmel Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: PKF: "Keith Harris has indicated that he would like to meet with the PST to discuss a stakeholding and participation in the club." KH So Colin - How much have you raised. CF xxxxx KH. Nice to meet you colin. good bye Link to comment Share on other sites More sharing options...
SaintRichmond Posted 7 February, 2013 Share Posted 7 February, 2013 But will the Skates still be around be then ?[/QUOTE] Yes ... by kind curtesy of the FL Link to comment Share on other sites More sharing options...
TopGun Posted 7 February, 2013 Share Posted 7 February, 2013 From Micah Hall: Belbin the how began putting their money in on October 18th and stopped on Jan 7th. PKF released the players THEY SIGNED and brought the club back to break even. They did so because they were talking to portpin about another bid - hence the adjournments. PST bid is on the table - money in escrow. And now mr Harris wants to ram to the trust about us using that money to help fund his lease scheme - so can we use fans money to pay Chainrai an uneconomic rent so he can own the stadium and Harris can own the club? Think the word is NO. Link to comment Share on other sites More sharing options...
TopGun Posted 7 February, 2013 Share Posted 7 February, 2013 7 February 2013: Trevor Birch, PKF partner and joint administrator of Portsmouth Football Club (2010) Ltd, said: “We can confirm that we have received another offer for Portsmouth Football Club. This offer has been made by Keith Harris, a former chairman of the Football League, together with Pascal Najadi, deputy chairman of the investment bank AIAK Group, and Alan Hitchins, a professional investor. Keith Harris has indicated that he would like to meet with the PST to discuss a stakeholding and participation in the club going forward. “We believe this offer is worthy of consideration and could be completed without the need for a court case. “As officers of the Court, the administrators are charged with securing the best return for all creditors and therefore have to consider the offer. “We will need to discuss the terms of the deal with the PFA and the Football League, and also plan to consult the Creditors’ Committee as a matter of urgency. “This has been a complex administration and we are doing all we can to resolve the situation as quickly as possible. We will provide an update as soon as we have further news.” Link to comment Share on other sites More sharing options...
TopGun Posted 7 February, 2013 Share Posted 7 February, 2013 Excellent civil war about to break out! Link to comment Share on other sites More sharing options...
Tomobz Posted 7 February, 2013 Share Posted 7 February, 2013 So even if he does purchase the club they still won't have any money? Next season they are going to be a poor league two team with a points deduction... Non league status awaits! This is the best entertainment ever. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey And where the frack is the money going to come from?? Link to comment Share on other sites More sharing options...
lifeintheslowlane Posted 7 February, 2013 Share Posted 7 February, 2013 Breaking News! PST have come up with revelation of the real money behind the latest bid: Cambodian businessman Pol Pot. Quote: We will have to see what he brings to the table. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 7 February, 2013 Share Posted 7 February, 2013 And where the frack is the money going to come from?? HUsh your mouth ............. you don't ask such Technical questions of the Island Inbreds Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey But if the others offer more then surely pkf are duty bound to accept or they will get sued? As well as sued about the floating charge that was missed. If they go with Harris though then all this just goes away... Link to comment Share on other sites More sharing options...
saint si Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey Wow, and there was me thinking they were confident their valuation of FP was fair and reflected market rate. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 7 February, 2013 Share Posted 7 February, 2013 Sorry that's not how this thread works - you gotta to be arsed to get the full pleasure of this unfolding disaster. Now go back to page one and come back when you are full up to speed :lol: Link to comment Share on other sites More sharing options...
Crab Lungs Posted 7 February, 2013 Share Posted 7 February, 2013 A "professional investor".... Can't be that professional if he regards the skates as a sound investment Link to comment Share on other sites More sharing options...
Lifelongsaint83 Posted 7 February, 2013 Share Posted 7 February, 2013 BBC Solent Sport@solentsport Solentsport understands PST bid for Fratton Park increased from £2.75m to £3m #pompey Link to comment Share on other sites More sharing options...
Joe Kirkup Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey So if this new bid comes to nothing and pkf continue with the court case how on earth are they going to convince a judge that their valuation is fair if they are prepared to offer more this time. You can just see Farmery and his mates stomping around like little children ' it's not fair, I want a club to play with, make them go away Trev" Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 February, 2013 Share Posted 7 February, 2013 BBC Solent Sport@solentsport Solentsport understands PST bid for Fratton Park increased from £2.75m to £3m #pompey What difference will that make? Link to comment Share on other sites More sharing options...
sfc1976 Posted 7 February, 2013 Share Posted 7 February, 2013 PST must have spent a busy morning on the phone - wonga, ocean finance etc Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 BBC Solent Sport@solentsport Solentsport understands PST bid for Fratton Park increased from £2.75m to £3m #pompey Ooh goodie. A bidding war. Chanari must be delighted. I'm guessing the HNWS not so much. Link to comment Share on other sites More sharing options...
pedg Posted 7 February, 2013 Share Posted 7 February, 2013 PST must have spent a busy morning on the phone - wonga, ocean finance etc Probably the HNW suckers. If the PST bid goes through they get equity for what they have put in, if the other bid wins I suspect they will get diddly squat. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 7 February, 2013 Share Posted 7 February, 2013 PST must have spent a busy morning on the phone - wonga, ocean finance etc 15 Seasons of Pain Link to comment Share on other sites More sharing options...
Joe Kirkup Posted 7 February, 2013 Share Posted 7 February, 2013 I suspect PKF can't believe their luck. They've been running scared of Chinny for a couple of months now, so a new bid that satisfies his remit as administrator to get the best deal for the creditors tied with Chinny pulling all legal action if it goes through must be like manna from heaven. At this point I don't think for one minute they care about the long term future of PFC. Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Probably the HNW suckers. If the PST bid goes through they get equity for what they have put in, if the other bid wins I suspect they will get diddly squat. The HNWs face the enticing prospect of becoming LNWs sooner than they reckoned Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: Creditors of #pompey are meeting today to approve/discuss Harris bid, while Football League are also expected to meet today to ratify deal. Link to comment Share on other sites More sharing options...
stevegrant Posted 7 February, 2013 Share Posted 7 February, 2013 BBC Solent Sport@solentsport Solentsport understands PST bid for Fratton Park increased from £2.75m to £3m #pompey But I thought £2.75m reflected a fair market value of the property? If so, why have they increased their offer? Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: Creditors of #pompey are meeting today to approve/discuss Harris bid, while Football League are also expected to meet today to ratify deal. Blimey! That's quick. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) @NabilHassan79: Worth noting Stuart Robinson has not yet bought Fratton Park land, only exchanged contracts, expected to complete deal by mid Feb. #pompey @NabilHassan79: @mattslaterbbc He has put down a sizeable non-refundable deposit of several hundred thousands pounds though so not expected to pull out. Edited 7 February, 2013 by trousers Link to comment Share on other sites More sharing options...
Lazlo78 Posted 7 February, 2013 Share Posted 7 February, 2013 And where the frack is the money going to come from?? Keep up - I already told you about the Sæhrímnir Treasure (what you call parachute payments; those money that can be spent again and again)! http://en.wikipedia.org/wiki/S%C3%A6hr%C3%ADmnir Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: Worth noting Stuart Robinson has not yet bought Fratton Park land, only exchanged contracts, expected to complete deal by mid Feb. #pompey That is huge.. Link to comment Share on other sites More sharing options...
View From The Top Posted 7 February, 2013 Share Posted 7 February, 2013 Blimey! That's quick. I've just asked him to clarify if he means ratify the deal or say they have no problem with the deal going ahead. Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 From Micah Hall: PST bid is on the table - money in escrow. And now mr Harris wants to ram to the trust about us using that money to help fund his lease scheme - so can we use fans money to pay Chainrai an uneconomic rent so he can own the stadium and Harris can own the club? Think the word is NO. Then you'd better start refunding those pledges... Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 7 February, 2013 Author Share Posted 7 February, 2013 @NabilHassan79: Creditors of #pompey are meeting today to approve/discuss Harris bid, while Football League are also expected to meet today to ratify deal. ++++ me, the FL are meeting today to ratify the deal? Someone is moving pretty sharpish. As someone has said I think this is Trevor's way of wriggling off a nasty hook. He has stitched Farmery and his merrie men big time! The PST and HNW must be livid. Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 That is huge.. If he's exchanged co tracts then he's buggered. Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 ++++ me, the FL are meeting today to ratify the deal? Someone is moving pretty sharpish. As someone has said I think this is Trevor's way of wriggling off a nasty hook. He has stitched Farmery and his merrie men big time! The PST and HNW must be livid. Especially the HNWs. At least the trust will get most of their money back eventually. These gullible HNWs on the other hand have arpparently spent several hundred thousand thinking they were about to become chairman/directors and heroes of Dr Moreau's island, but in fact just to pay some useless mercenary footballers for a few months, to allow Harris to come in and use future gate receipts etc to pay chainrai off via rent, whilst they disappear back into obscurity. Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 If he's exchanged co tracts then he's buggered. Not going to be like a house sale though is it? There will be cop out clauses, even if it does cost him a few thousand if he wants to back out Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 Can I just say: Link to comment Share on other sites More sharing options...
rallyboy Posted 7 February, 2013 Share Posted 7 February, 2013 whoops. HNWIs are now in too deep, some of them must have put so much in that they have to continue, or lose the lot. I hope they like playing poker with a ruthless loan shark. And there was us thinking that Chinny had walked away from his money.... What happens next? The Trust continues to bid money it cannot afford, or steps back and looks to do a deal with the Orville consortium. If Chinny is pulling these strings then he is shoving Robinson out of the box seat and taking his place as the property developing landlord partner - whilst firming up his valuation for the court. Ten Chanrai Things You Should Never Do. 1. Cross him. 2. Borrow money off him. 3. Abuse his brother. 4. Underestimate him. 5. Play poker with him. 6. Get involved with him in a court case. 7. Shake his hand and expect to see your watch again. 8. Think he has your best interests at heart. 9. Be fooled by the scarf. 10. Ask his pet Administrator for an autograph. Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 Not going to be like a house sale though is it? There will be cop out clauses, even if it does cost him a few thousand if he wants to back out I think that it's exactly like a house sale. Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 ++++ me, the FL are meeting today to ratify the deal? Someone is moving pretty sharpish. As someone has said I think this is Trevor's way of wriggling off a nasty hook. He has stitched Farmery and his merrie men big time! The PST and HNW must be livid. Especially the HNWs. At least the trust will get most of their money back eventually. These gullible HNWs on the other hand have arpparently spent several hundred thousand thinking they were about to become chairman/directors and heroes of Dr Moreau's island, but in fact just to pay some useless mercenary footballers for a few months, to allow Harris to come in and use future gate receipts etc to pay chainrai off via rent, whilst they disappear back into obscurity. This is shaping up nicely, and we are in the box seats Link to comment Share on other sites More sharing options...
Gemmel Posted 7 February, 2013 Share Posted 7 February, 2013 That is huge.. We've alway known that Hypo - Keep up son :) Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 February, 2013 Share Posted 7 February, 2013 We've alway known that Hypo - Keep up son :) I knew about the exchange of contracts but not that that meant that Chinny could gazump them for the land. If Chinny gets the lands then it's checkmate. Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 This is shaping up nicely, and we are in the box seats FREE box seats Link to comment Share on other sites More sharing options...
edprice1984 Posted 7 February, 2013 Share Posted 7 February, 2013 Once again I take immense joy in explaining to colleagues, friends, family and total strangers of the twists and turns of this epic saga.... Obviously I take a lot of pleasure in it being the Skates that are involved in this, but that has now become secondary in how I view this all. The fact that hundreds of businesses, run perfectly well but struggling under the weight of the current economic climate have failed - excepted that it wasn't meant to be/pay off who they can and put their hands up and said 'sorry, we just can't go on like this'. I hope many of these people will dust themselves off and try again, maybe learning from their mistakes and building a successful business next time around. However the barstewards down the road have cheated and lied, not paid a single penny of the £120,000,000+ owed to creditors and all the while whinged and moaned about it being unfair! They don't deserve any sympathy, they don't deserve any help - they should rot and die, but only after Saints get one more opportunity to beat them, humilating them and for one last time show why our club, despite our occasional problems, is a beacon of light in comparison to the Skates and their dirty insignificant existance. Link to comment Share on other sites More sharing options...
St Lej Posted 7 February, 2013 Share Posted 7 February, 2013 Anyone got any popcorn? Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 Anyone got any popcorn? Personally I still prefer the more traditional toast Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Anyone got any popcorn? Personally I still prefer the more traditional toast You try finding an emoticon showing someone eating toast in keen anticipation of being royally entertained Link to comment Share on other sites More sharing options...
RedAndWhite91 Posted 7 February, 2013 Share Posted 7 February, 2013 Vukasin Poleksic, the Montenegrin goalkeeper, 30, banned for two years for failing to report a phone call from a criminal gang asking him to help fix Debrecen's Champions League matches against Liverpool and Fiorentina in 2009, has revealed he could have joined Portsmouth in 2007. A player who would later be banned for being corrupt, could only be previously linked to one club... Link to comment Share on other sites More sharing options...
Recommended Posts