Crab Lungs Posted 7 February, 2013 Share Posted 7 February, 2013 So, it's toasters at the ready again? Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 As long as the judge doesn't do anything stupid that is...... (hmmmmm, my learned friends, I think £2.75m sounds like a nice number. Does that suit everybody (who's not from Honk Kong), Yes? Done! Next case) It's £3 million now. The trust upped its bid to make it more attractive. So today's farce eared Chainrai a cool extra £250,000 at any rate ! Link to comment Share on other sites More sharing options...
sticksaint Posted 7 February, 2013 Share Posted 7 February, 2013 I think it was Harold Wilson that said "A week is a long time in politics " . Considering how quickly things move at FP I wonder what he would have made of Pompey? Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 So, it's toasters at the ready again? They're toast. Its just that most of them haven't worked it out yet Link to comment Share on other sites More sharing options...
Winchester Red Posted 7 February, 2013 Share Posted 7 February, 2013 Notwithstanding any further twists to come today, isn't it the case that right now we're right where we were a couple of days ago except a few things have been made clearer? PST is still the official, only, game in town. Presumably court case must go ahead now to determine valuation of the fatpipes place. We're right where we were EXCEPT for what we now know - the FL will not accept any other bidders, Pompey will be thrown out of the league if they do not exit admin "before the end of the current playing season" and Chainrai seems to have revealed his plans through Harris, and has been told 'no'. So aside from knowing a lot more and seeing who has played what cards, aren't we just exactly where we were earlier in the week with PST trying to scrabble money together and nutjobs asking where the money is going to come from? I'm not sure, it's a genuine question - has anything material really changed now? They're all still together in the same prison cell. It's just that it seems to have shrunk a lot in the last few hours. Link to comment Share on other sites More sharing options...
sidthesquid Posted 7 February, 2013 Share Posted 7 February, 2013 The logic of the league statement is odd to me. The trust takeover has been meandering around for ages now another party comes in and looks set to get the club out of admin almost over night but: But the other people taking over and getting the club out of admin would reduce the uncertainty would it not? To me it has the ring of a political statement that sounds plausible to start with but when you actually think about it the defence of the position has nothing to do with the circumstances in hand. It sounded to me that the FL were pretty convinced the Orville bid was another Chinny stitch-up, and that they know that no other genuine AND sound bidder can possibly do a deal because of all the issues surrounding it. I seriously wonder if the bid today was anything other than a ploy - I mean, a fully funded bid out of no-where at the 11th hour was a bit convenient, wasn't it? Link to comment Share on other sites More sharing options...
derry Posted 7 February, 2013 Share Posted 7 February, 2013 This may be the point in time everybody has been awaiting, the FL getting challenged in court by the new bidder. Link to comment Share on other sites More sharing options...
pedg Posted 7 February, 2013 Share Posted 7 February, 2013 It sounded to me that the FL were pretty convinced the Orville bid was another Chinny stitch-up, and that they know that no other genuine AND sound bidder can possibly do a deal because of all the issues surrounding it. I seriously wonder if the bid today was anything other than a ploy - I mean, a fully funded bid out of no-where at the 11th hour was a bit convenient, wasn't it? I think we can be fairly sure it was not turned down for the reasons given in the FL statement so I do suspect that it was as you say that it was too convenient given the circumstances but they could not really say that in a press release hence the "uncertainty" bumf. Link to comment Share on other sites More sharing options...
TopGun Posted 7 February, 2013 Share Posted 7 February, 2013 pKF are still up a Gumtree with the court case as port pin can now demonstrate someone else was prepared to pay more than the PST. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) I agree but it is all a bit too contrived for me. FL getting Birch out of tight situation and all within a 24 hour time frame. The orchestration stinks of collusion on a massive scale. The trust will have to offer more for Farton because Chinny will point out another party were willing to pay more. This is getting murkier and murkier. If I was the PST I would cut and run to Moneyfields - less sharks. This. Totally. Edited 7 February, 2013 by trousers Link to comment Share on other sites More sharing options...
aintforever Posted 7 February, 2013 Share Posted 7 February, 2013 This may be the point in time everybody has been awaiting, the FL getting challenged in court by the new bidder. I don't see how that can happen. Link to comment Share on other sites More sharing options...
sticksaint Posted 7 February, 2013 Share Posted 7 February, 2013 I don't see how that can happen. I agree. Leeds were threatening to do this a few years ago but the League said basically if they did do that they would be denied the golden share.As a consequence LUFC accepted all the points deductions Link to comment Share on other sites More sharing options...
St Chalet Posted 7 February, 2013 Share Posted 7 February, 2013 Wow, what a day! Given its against the law (isn't it?) for an administrator to run a loss making operation, isn't it a fait accompli that they have to pay the money, whether its up front or retrospectively? Or, looking at it another way, under what circumstance would PKF not be required to call in these underwritten funds? Not against the law, just **** business practice to do so. Administrators look after themselves first, hence getting some mugs to underwrite - one suspects they have very cast iron guarantees. "Therefore, The League has informed the Administrator that it will not currently consider transferring the Club's share in The Football League to a new bidder. This means that in the event that the PST bid does not succeed and Portsmouth do not exit administration before the end of the current playing season, the Club will lose its membership of The Football League." They clearly can't be arsed with it all whilst reserving their position, smart. Let us be clear, the Football League are not stopping the Administrators selling to the new consortium. They are just saying they will not transfer to them the golden share. Administators go to court and will say without the golden share the business cannot be sustained. If the court do not rule that the £3m offer by the trust for the ground is approved then the trust bid cannot proceed and liquidation is the only answer and that will prejudice the creditors. Once the next PP is in hand, the liquidation value will likely exceed the value of running a 'football club' OK nutjobs. Are you ready for a mind numbing revelation? The last few months/years have NEVER been about saving pcfc. It has ALWAYS, (as so beautifully put all those years ago by Corpy) been about the LAND. My 50p worth is that the statement from the FL is music to the ears of the bidders from the East. They now don't have to fund a club next season and can worry only about how much profit they can make selling the plot to Tescos while letting Orville play at Moneyfields. Once the next PP is in hand, the liquidation value will likely exceed the value of running a 'football club' Link to comment Share on other sites More sharing options...
Winchester Red Posted 7 February, 2013 Share Posted 7 February, 2013 ...and what is the date of the next pp?...... anybody? Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Wow, what a day! : : Once the next PP is in hand, the liquidation value will likely exceed the value of running a 'football club' Yup. Toast Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 ...and what is the date of the next pp?...... anybody? Valentine's Day....? Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) Once the next PP is in hand, the liquidation value will likely exceed the value of running a 'football club' Wasn't that the case the last time they got a parachute payment (August)? Edited 7 February, 2013 by trousers Link to comment Share on other sites More sharing options...
derry Posted 7 February, 2013 Share Posted 7 February, 2013 I agree. Leeds were threatening to do this a few years ago but the League said basically if they did do that they would be denied the golden share.As a consequence LUFC accepted all the points deductions They did the same to SFC over the 10 points however sooner or later it will get challenged. The new bidder don't have a golden share to lose as they are already excluded and if they are as rich as they say might well go for it. Besides the FL left the door open using the word 'currently'. If challenged, I can see this bid going through if the funds are there and the timescale complied with. Link to comment Share on other sites More sharing options...
dubai_phil Posted 7 February, 2013 Share Posted 7 February, 2013 Valentine's Day....? So honey, what are we doing tonight? we going to watch One Republic sing romantic songs in concert? Maybe a nice Candlelit dinner? Uh no. Thought we'd have a quiet night in on the Computer babe. You know there's a wedding to pay fooorrrrrrrroooooouch that farking hurt Link to comment Share on other sites More sharing options...
Colinjb Posted 7 February, 2013 Share Posted 7 February, 2013 The reaction elsewhere is quite interesting. Its not quite 'we have won the FA cup in my lifetime' sort of feeling but its bloody close. Football League in growing b*llocks shocker! It's very rare when both fanbases are united in joy..... Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 So honey, what are we doing tonight? we going to watch One Republic sing romantic songs in concert? Maybe a nice Candlelit dinner? Uh no. Thought we'd have a quiet night in on the Computer babe. You know there's a wedding to pay fooorrrrrrrroooooouch that farking hurt Understandable though Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 February, 2013 Share Posted 7 February, 2013 Post on POL: That thread on scumweb is ******* hilarious - best thing in the world earlier today that Harris was coming in to screw us over under chinny's control - now best thing in the world Harris has been turned down as he was our only chance of survival - and that's from the same posters. ******* absolute *****. Link to comment Share on other sites More sharing options...
Colinjb Posted 7 February, 2013 Share Posted 7 February, 2013 That thread on scumweb is ******* hilarious - best thing in the world earlier today that Harris was coming in to screw us over under chinny's control - now best thing in the world Harris has been turned down as he was our only chance of survival - and that's from the same posters. Hate to say it lad if you are reading but don't you get it? We can't lose either way! It's just so entertaining! Link to comment Share on other sites More sharing options...
St Chalet Posted 7 February, 2013 Share Posted 7 February, 2013 Correct, they are ****ed every which way - we can't lose. Link to comment Share on other sites More sharing options...
dubai_phil Posted 7 February, 2013 Share Posted 7 February, 2013 Post on POL: He really has got that as wrong as anyone could get a wrong thing wrong Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 Post on POL: That thread on scumweb is ******* hilarious - best thing in the world earlier today that Harris was coming in to screw us over under chinny's control - now best thing in the world Harris has been turned down as he was our only chance of survival - and that's from the same posters. ******* absolute *****. They're missing the point (surprise, surprise).....ANY twist or turn is a good thing from a nutjob perspective....doesn't matter what the actual nature of the twist or turn is....we'll celebrate each on its own isolated comic value merit.... hence: Harris in = chortle....Harris out = chortle. One of these days they'll "get it".... Link to comment Share on other sites More sharing options...
Winchester Red Posted 7 February, 2013 Share Posted 7 February, 2013 Ironic that he couldn't see that really Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Hate to say it lad if you are reading but don't you get it? We can't lose either way! It's just so entertaining! The fact they can't understand why we find it so funny tells you everything. They wouldn't be where they are now if they weren't so hard of thinking Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 February, 2013 Share Posted 7 February, 2013 Exactly. It's a win win from our perspective whatever happens. Either scenario is funny. Link to comment Share on other sites More sharing options...
View From The Top Posted 7 February, 2013 Share Posted 7 February, 2013 Glad the FL have grown a pair and have given the PST a chance. It's going to be so much fun. Link to comment Share on other sites More sharing options...
aintforever Posted 7 February, 2013 Share Posted 7 February, 2013 Once the next PP is in hand, the liquidation value will likely exceed the value of running a 'football club' The day of the last parachute was always going to be toast day. Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 You would have thought they would have realised by now that whatever the outcome, it'll only end up in more LOL fodder over here. Link to comment Share on other sites More sharing options...
yoda Posted 7 February, 2013 Share Posted 7 February, 2013 @SjMaskell: #Pompey How does Harris propose to manage a ground with only one entrance? Orville only has one entrance too so I'm sure he'll be able to cope... Link to comment Share on other sites More sharing options...
Lighthouse Posted 7 February, 2013 Share Posted 7 February, 2013 lol Has anyone else posted this yet? Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Glad the FL have grown a pair and have given the PST a chance. It's going to be so much fun. Cue the Dead Parrot sketch. Again. 'Notice it does not fly so much as plummet...' Link to comment Share on other sites More sharing options...
stevegrant Posted 7 February, 2013 Share Posted 7 February, 2013 This may be the point in time everybody has been awaiting, the FL getting challenged in court by the new bidder. The Football League is a private members' club. If it chooses to reject somebody's application for membership, it is entitled to do so. Link to comment Share on other sites More sharing options...
warsash saint Posted 7 February, 2013 Share Posted 7 February, 2013 Time to put the toaster away for another day The toaster is back out the cupboard. Link to comment Share on other sites More sharing options...
positivepete Posted 7 February, 2013 Share Posted 7 February, 2013 It sounded to me that the FL were pretty convinced the Orville bid was another Chinny stitch-up, and that they know that no other genuine AND sound bidder can possibly do a deal because of all the issues surrounding it. I seriously wonder if the bid today was anything other than a ploy - I mean, a fully funded bid out of no-where at the 11th hour was a bit convenient, wasn't it? If that is the case then it says a lot about the standing in the game of a man who is often rolled out in the media as an authority on football finance and a self professed football take over expert. Link to comment Share on other sites More sharing options...
Winchester Red Posted 7 February, 2013 Share Posted 7 February, 2013 If the skates all think this is such b*llocks over here, why do they keep reading it? Link to comment Share on other sites More sharing options...
sticksaint Posted 7 February, 2013 Share Posted 7 February, 2013 They did the same to SFC over the 10 points however sooner or later it will get challenged. The new bidder don't have a golden share to lose as they are already excluded and if they are as rich as they say might well go for it. Besides the FL left the door open using the word 'currently'. If challenged, I can see this bid going through if the funds are there and the timescale complied with. Sorry disagree. As you say the current bidder doesn`t have a current share but if he gets ownership he will want one ! The FL is seen as a " private members club " and as such they can bar anyone they want. Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 If the skates all think this is such b*llocks over here, why do they keep reading it? So that they know what's going to happen next. Link to comment Share on other sites More sharing options...
sticksaint Posted 7 February, 2013 Share Posted 7 February, 2013 The Football League is a private members' club. If it chooses to reject somebody's application for membership, it is entitled to do so. You beat me to it :-( Link to comment Share on other sites More sharing options...
suewhistle Posted 7 February, 2013 Share Posted 7 February, 2013 Not long in from footie training and tonight I decided to dash home and have a bath instead of a shower at the ground. the bath has now cooled down considerably as I've had 3 pages to read all at one sitting. This is superb entertainment! Link to comment Share on other sites More sharing options...
Block 18 Posted 7 February, 2013 Share Posted 7 February, 2013 Not long in from footie training and tonight I decided to dash home and have a bath instead of a shower at the ground. the bath has now cooled down considerably as I've had 3 pages to read all at one sitting. This is superb entertainment! No Sue its not superb, it's fecking brilliant Link to comment Share on other sites More sharing options...
aintforever Posted 7 February, 2013 Share Posted 7 February, 2013 So basically if the Trust don't pull off their deal they have effectively killed their own club. I wouldn't fancy being in their shoes if it all goes t!ts up! Link to comment Share on other sites More sharing options...
Spudders Posted 7 February, 2013 Share Posted 7 February, 2013 Link to comment Share on other sites More sharing options...
Crab Lungs Posted 7 February, 2013 Share Posted 7 February, 2013 What is it that kills them again? Link to comment Share on other sites More sharing options...
alpine_saint Posted 7 February, 2013 Share Posted 7 February, 2013 You were saying sir....? Fair enough. Seems the fat lady is warming her vocal chords. Though in fairness, they still have about 6 months to get the FL to change their minds or PST to get their act together. However, it does sound like the FL has tired of this issue. Link to comment Share on other sites More sharing options...
jawillwill Posted 7 February, 2013 Share Posted 7 February, 2013 What is it that kills them again? The toast. It's got poison in it. Link to comment Share on other sites More sharing options...
alpine_saint Posted 7 February, 2013 Share Posted 7 February, 2013 I don't see how that can happen. Yep. The FL is a private institution where you are a member. They pulled the same stunt with us during the Pinnacle bid. Link to comment Share on other sites More sharing options...
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