tony13579 Posted 7 February, 2013 Share Posted 7 February, 2013 like this Link to comment Share on other sites More sharing options...
St Chalet Posted 7 February, 2013 Share Posted 7 February, 2013 Has anyone from Portsea Island considered that Robinson may have been backing both horses? Link to comment Share on other sites More sharing options...
TopGun Posted 7 February, 2013 Share Posted 7 February, 2013 From the PST: PST can assure its supporters that its bid to buy Portsmouth Football Club is fully funded, ready to go and offers the best option for the creditors and for the long-term security of the club. In addition PST can reveal we increased its bid for Fratton Park earlier this week to make our package even more attractive. Our bid has the backing of several thousand Pompey fans, who have supported us by pledging to buy community shares, either individually or in syndicates. In addition our partner high net worth investors have kept the club alive by underwriting any trading losses of the club through the autumn. We have also been finalising negotiations with our property partner over access and parking to the stadium, once we takeover. We have the backing of our local MPs increasesnd Portsmouth City Council. At a national level, the Department of Culture Media and Sport has recognised the merit of our bid and we have also been supported in the House of Commons by a Government Minister. Supporters Direct are also fully behind our attempt to once and for all draw a line under the past problems at the club. We have been made aware of a rival bid, but at the moment there is precious little detail about it. It is imperative that there is full disclosure about the funding and terms of any other bid for the club. As a trust we have been transparent about how our bid has been funded and structured. Fans and the wider football family and our community stakeholders can be assured we have the best interests of Portsmouth FC at heart. We look forward to taking our bid forward in the very near future. lolicious!! Link to comment Share on other sites More sharing options...
RedAndWhite91 Posted 7 February, 2013 Share Posted 7 February, 2013 Telegraph chief sports reporter: Harris bid said to be 100% debt-funded with money from a Malaysian finance house, and club will not own ground. Link to comment Share on other sites More sharing options...
The Kraken Posted 7 February, 2013 Share Posted 7 February, 2013 It is imperative that there is full disclosure about the funding and terms of any other bid for the club. As a trust we have been transparent about how our bid has been funded and structured. I think my ironyometer just exploded. Link to comment Share on other sites More sharing options...
so22saint Posted 7 February, 2013 Share Posted 7 February, 2013 Telegraph chief sports reporter: Harris bid said to be 100% debt-funded with money from a Malaysian finance house, and club will not own ground. It gets better and better this. Link to comment Share on other sites More sharing options...
sfc1976 Posted 7 February, 2013 Share Posted 7 February, 2013 Telegraph chief sports reporter: Harris bid said to be 100% debt-funded with money from a Malaysian finance house, and club will not own ground. What could possibly go wrong? Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Telegraph chief sports reporter: Harris bid said to be 100% debt-funded with money from a Malaysian finance house, and club will not own ground. It gets better and better this. Aaaah-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha-Ha.... Wipes tears from eyes and sits down with a beer and fresh tub of popcorn Link to comment Share on other sites More sharing options...
Frank's cousin Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) I think my ironyometer just exploded. Feck me Kracken - you put on your comedy head this morning - a refreshing change Mate! Edited 7 February, 2013 by Frank's cousin Link to comment Share on other sites More sharing options...
St Chalet Posted 7 February, 2013 Share Posted 7 February, 2013 It is fair to say POL is in a state of meltdown! ROFL Is that the sound of all those counted chickens make an exit for the door? Link to comment Share on other sites More sharing options...
Red and White Army Posted 7 February, 2013 Share Posted 7 February, 2013 Please someone share with us the tantrums from the inbreds over on POL... anything from our best mate Corp Ho? This is ****ing hilarious. Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Please someone share with us the tantrums from the inbreds over on POL... anything from our best mate Corp Ho? This is ****ing hilarious. Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 Has anyone from Portsea Island considered that Robinson may have been backing both horses? Sue(?) Maskell in twitter is claiming that the Orville bid is a non-starter without the surrounding land, which Robinson reasonably close to owning, and that as Robinson is a PST partner, it'll all be OK. What she doesn't seem to realise is that the surrounding land isn't worth much to Robinson without the hulk of rotten wood and rusting iron the rests in the middle of it. Robinson will deal with whoever gives him the best chance to make money, pure and simple. Currently, that doesn't look much like being the PST, no matter how much cowpat they spin to gullible skate-lets. Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 Please someone share with us the tantrums from the inbreds over on POL... anything from our best mate Corp Ho? This is ****ing hilarious. This Link to comment Share on other sites More sharing options...
Panda Posted 7 February, 2013 Share Posted 7 February, 2013 "Telegraph chief sports reporter: Harris bid said to be 100% debt-funded with money from a Malaysian finance house, and club will not own ground." What nationality is Baloo? So Chanrai owns the ground for which he takes money from the club in 'rent' and provides some 'capital' to enable him to do so and puts three stooges in to enable him to 'own' the club without having to go through the FAPPT. All makes sense to me now .... or does it? Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 Telegraph chief sports reporter: Harris bid said to be 100% debt-funded with money from a Malaysian finance house, and club will not own ground. Oh Malaysia? That's ok then. Thank goodness it's not from somewhere with any sort of dodgy financial reputation, or involvement with fixed matches, or betting scams, or corruption, .... I wonder who the foreign investor/buyer is, who is about to rescue Harris's own company? Link to comment Share on other sites More sharing options...
tony13579 Posted 7 February, 2013 Share Posted 7 February, 2013 It is fair to say POL is in a state of meltdown! ROFL Is that the sound of all those counted chickens make an exit for the door? This guy is starting to make Joseph Carla look a better option Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 Sue(?) Maskell in twitter is claiming that the Orville bid is a non-starter without the surrounding land, which Robinson reasonably close to owning, and that as Robinson is a PST partner, it'll all be OK. What she doesn't seem to realise is that the surrounding land isn't worth much to Robinson without the hulk of rotten wood and rusting iron the rests in the middle of it. Robinson will deal with whoever gives him the best chance to make money, pure and simple. Currently, that doesn't look much like being the PST, no matter how much cowpat they spin to gullible skate-lets. Thank goodness Robinson is a pompey fan and not a hard-headed business man. .. Oh! Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) @NabilHassan79: Keith Harris #pompey statement: "I should first make clear that we would not have pursued this investment without sound financial backing... @NabilHassan79: Harris #pompey statement cont: "I should also be clear we will not be carrying forward any legacy issues associated with the recent past... @NabilHassan79: Harris #pompey statement cont: "No-one on the new team underestimates the scale of the task that lies ahead. We will address fan concerns." Edited 7 February, 2013 by trousers Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @pkelso: Call from Keith Harris' people. They say Portsmouth deal offers "clean funds", "no debt," "all legacy issues gone" @pkelso: Harris also says plan in place to buy Fratton Park from Chainrai in "a few months", hope to have deal done by Friday lunchtime #pompey @pkelso: Harris team say Pascal Najadi (VP Malaysian bank) & Alan Hitchins (veterinary supplies millionaire) because "they want to back Keith" Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Thank goodness Robinson is a pompey fan and not a hard-headed business man. .. Oh! He's one of their bestest most passionate fans, he won't let his Pompey Dream die, not him, he cares only that their unique way of life is preserved, he doesn't care what it costs him in terms of his dwindling personal net worth... Oh. Link to comment Share on other sites More sharing options...
Guided Missile Posted 7 February, 2013 Share Posted 7 February, 2013 Keith Harris' firm Seymour Pierce on the brink of collapse By HUGO DUNCAN and GEOFF FOSTER PUBLISHED: 22:34, 31 January 2013 | UPDATED: 22:34, 31 January 2013 Stockbroker Seymour Pierce was last night on the brink of collapse after falling victim to the crisis facing a host of the City’s oldest firms. The loss-making company, which traces its origins back to 1845 and is run by football financier Keith Harris, is understood to have lined up Grant Thornton as administrator. The demise of Seymour Pierce follows months of talks with rivals and would-be partners over a possible merger or injection of cash. Difficult times: Stockbroker Seymour Pierce is run by football financier Keith Harris It comes at a difficult time for the industry as small-cap and mid-cap brokers are hammered by a slump in fundraisings and trading in the City. There has been a spate of takeovers in recent years as brokers battled to survive. Sounds like a perfect marriage... Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @solentsport: #pompey trained at South Downs College this morning, no deal signed as yet for more permanent venue Link to comment Share on other sites More sharing options...
corky morris Posted 7 February, 2013 Share Posted 7 February, 2013 Debt funding is exactly that - DEBT!! The money will have to be secured on something & the yield (interest costs) will not be cheap!!! Fully funded.............................my house is fully funded. It includes the amount of equity i have in it & a mortgage.....................................................debt being part of the funding!! This just keeps getting better!! Link to comment Share on other sites More sharing options...
OldNick 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 suspect he has bought an option to purchase. They are a fantastic way to make a killing with a little outlay. If you have assets and ever sign up to an option to purchase you are stuffed until the time that is agreed is up. These can be written on the back of a fag packet, as long as you get an agreed price and date when it is til, the owner of the property cannot sell to anyone else whatever they are offered. i used it once and it was a great vehicle to buy, the owner of the property tried to gazump me but couldnt as it was registered and so his double dealing got him nowhere. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 7 February, 2013 Share Posted 7 February, 2013 Telegraph chief sports reporter: Harris bid said to be 100% debt-funded with money from a Malaysian finance house, and club will not own ground. That Malaysia being the one which is just a short hop from Hong Kong? I think my ironyometer just exploded. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @david_conn: Pompey administrator PKF see the Keith Harris-fronted bid as offering more money to creditors. Portpin agreeing it so no need for court case Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) @pkelso: Implication of Harris briefing that Malaysian banker funding Portsmouth bid, not Malaysian bank. Hoping for clarity later. @blueballoo2000: @pkelso and he intends to give us all this money and leave us completely debt free, maybe £10m and never ask for it back? Lol. Good to see Mr Hall getting the hang of this interrogation malarkey....no waiting 3 years to ask the questions this time around... Edited 7 February, 2013 by trousers Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 Anyone else wonder if Keith Harris will just be a puppet chairman? Come on. Hands up! (sorry .. just had to get some sort of Orville reference out of my system before I burst) Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 http://m.portsmouth.co.uk/sport/pompey/harris-i-can-bring-stability-to-pompey-1-4765453 Link to comment Share on other sites More sharing options...
dubai_phil 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. So, just to be clear. Even while the PDT were getting all wet about their minibus load of fans going up to the High Court PKF were (finally) discussing another bid. All those meetings and plans and Penny in The Commons And they weren't looking over their shoulder. Now, where did I put that ORLY picture? Altogether now :lol::lol: I believe the phrase is We Told You So Link to comment Share on other sites More sharing options...
View From The Top Posted 7 February, 2013 Share Posted 7 February, 2013 This does look like a fait accompli. Link to comment Share on other sites More sharing options...
TopGun Posted 7 February, 2013 Share Posted 7 February, 2013 So, just to be clear. Even while the PDT were getting all wet about their minibus load of fans going up to the High Court PKF were (finally) discussing another bid. All those meetings and plans and Penny in The Commons And they weren't looking over their shoulder. Now, where did I put that ORLY picture? Altogether now :lol::lol: I believe the phrase is We Told You So Added to which it appears to be the case that whilst PKF was double dealing and calling adjournments to allow Harris to structure his bid they were happily taking money from the HNWs knowing that they were going to pull the rug from under the feet of the HNWs and leave them high and dry having parted with their money. The HNWs have made the Harris deal possible! Link to comment Share on other sites More sharing options...
derry Posted 7 February, 2013 Share Posted 7 February, 2013 They were indeed retained by Saints and from memory only bought SISU to the taable. The bid at end claiming to offer more than Markus and threatening legal action was something to do with (I think) marc jackson Why don't you ask him, he still posts on here, but then he would have to reveal his identity. I won't because it wouldn't be fair, but I would be interested in his view of the Seymour Pierce angle. Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 7 February, 2013 Share Posted 7 February, 2013 Is it me or does Keith Harris look earily similat to Alan Pardew??!?!? Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @SjMaskell: #Pompey How does Harris propose to manage a ground with only one entrance? Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 7 February, 2013 Share Posted 7 February, 2013 So does that mean the PDT has been completely gazumped? wonder if HO is ****ing himself. Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 @SjMaskell: #Pompey How does Harris propose to manage a ground with only one entrance? With the crowds they get, I'm sure it'll suffice. Link to comment Share on other sites More sharing options...
View From The Top Posted 7 February, 2013 Share Posted 7 February, 2013 So does that mean the PDT has been completely gazumped? Looks that way. The language suggests done deal. If PKF cancel the cout case then we know it is. Link to comment Share on other sites More sharing options...
Portland Wilfred Posted 7 February, 2013 Share Posted 7 February, 2013 One of the posts from the snooze. Well worth an airing here I feel... He (KH) accepted a flattering invitation to chair the Football League in 2000 only to find himself embroiled in "perhaps the biggest crisis the sport has faced", says Frank Kane in The Observer. Shortly after Harris's appointment, ITV Digital pulled the plug on a £315m broadcasting deal with the league. ITV Digital's co-owners Carlton and Granada tried to settle for £50m, but Harris flatly refused. His subsequent failure to recover £130m via the courts prompted his resignation in 2002. Many football clubs were pushed to the brink of bankruptcy and Harris was slated in the press as being "incapable of running a kebab shop". Onwards toward the cliff. Link to comment Share on other sites More sharing options...
Winchester Red Posted 7 February, 2013 Share Posted 7 February, 2013 Will Keith Harris be pompeys saviour, orville he not? Link to comment Share on other sites More sharing options...
View From The Top Posted 7 February, 2013 Share Posted 7 February, 2013 Will Keith Harris be pompeys saviour, orville he not? . Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @solentsport: #pompey creditors committee approve Keith Harris bid at meeting with administrators earlier today Link to comment Share on other sites More sharing options...
Joe Kirkup Posted 7 February, 2013 Share Posted 7 February, 2013 ... Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 With the crowds they get, I'm sure it'll suffice. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: Keith Harris confirms to Sky Sports he has agreed a deal with Balram Chainrai to buy Fratton Park after initial leasing period. #pompey Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 February, 2013 Share Posted 7 February, 2013 just read some updates....a quick skim though is this harris fella good news for pompey...or better news for us? Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 just read some updates....a quick skim though is this harris fella good news for pompey...or better news for us? Hogh, very much the latter Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 February, 2013 Share Posted 7 February, 2013 Hogh, very much the latter why is that..? Link to comment Share on other sites More sharing options...
alpine_saint Posted 7 February, 2013 Share Posted 7 February, 2013 Who the f**k is Keith Harris ? I assume its not the bloke renowned for fisting green birds and monkeys. I also dont get the schadenfreude towards PST on here. Whether we like it or not, the charade about their fans ownership kept the bastard entity known as PFC going long enough for another bid to come crawling out of the woodwork. This is a major result for the blue scum Link to comment Share on other sites More sharing options...
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