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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
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Waterside.saint

Waterside.saint

Posted
Posted
@pn_neil_allen: Stood outside waiting to see who turns up. First notable face - Penny Mordaunt. Resplendent in green coat. #Pompey

 

'Green' I can see - the colour of springtime renewal.

But 'resplendent'? Some mistake surely? She'd look like a gooseberry

trousers

trousers

Posted
Posted

@pn_Emma_Judd: We're not being moved but they are trying to find more chairs for us all. #pompey

 

Plenty of spare ones at Fratton Park love...

Jimmy_D

Jimmy_D

Posted
Posted

Sweepstake time!

 

There might be much wailing and gnashing of teeth about Harris being a Chanrai puppet, but unless they can prove that, I don't think the judge will ignore his offer, so I reckon the court case will go against the PST.

trousers

trousers

Posted
Posted
Sweepstake time!

 

There might be much wailing and gnashing of teeth about Harris being a Chanrai puppet, but unless they can prove that, I don't think the judge will ignore his offer, so I reckon the court case will go against the PST.

 

Nope, I'm going for "All systems go for the PDT". It would mean having to spend another 2 years of my life on here but it would be worth it...

pedg

pedg

Posted
Posted

I am going with selling to PST at the agreed price but that the judge will add an overage clause for the remainder of what Chinny is owed should it be redeveloped or later resold.

Waterside.saint

Waterside.saint

Posted
Posted
Sweepstake time!

 

There might be much wailing and gnashing of teeth about Harris being a Chanrai puppet, but unless they can prove that, I don't think the judge will ignore his offer, so I reckon the court case will go against the PST.

 

In the same spirit in which some have bet modest sums on Saints' being relegated in order to soften the blow were that to happen, I will go with the judge deciding in their favour. But my fingers will be crossed behind my back :)

sussexsaint

sussexsaint

Posted
Posted
I am going with selling to PST at the agreed price but that the judge will add an overage clause for the remainder of what Chinny is owed should it be redeveloped or later resold.

 

This is what I think too

hypochondriac

hypochondriac

Posted
Posted
Sweepstake time!

 

There might be much wailing and gnashing of teeth about Harris being a Chanrai puppet, but unless they can prove that, I don't think the judge will ignore his offer, so I reckon the court case will go against the PST.

 

I respectfully disagree. BDO will argue that selling the ground to Harris will mean no club and no club means no parachute payments. They will win the case but I don't mind that. It will be amusing.

tony13579

tony13579

Posted
Posted

Well good morning judge, how are you today?

You are supposed to be reading the legal papers

Have you gone astray?

They don't own it, so I let it be

 

They are potless skates, so I let it be

I will get my money, belongs to me

Baloo has a charge, plain to see

 

They can't do it, not a hope

They shouldn't get, PST are just a joke

hypochondriac

hypochondriac

Posted
Posted
'Victory' in some form or other for PDT today followed by an appeal from Chinny at the last possible moment.

 

He is only allowed to appeal if the judge lets him and it has to be on a point of law.

rallyboy

rallyboy

Posted
Posted

I reckon Chinny has a bit of paperwork to confuse them, but I suspect the judge will be lenient towards the Trust.

Most likely?

 

Trust given go ahead with conditions, and spiteful, defeated, and robbed loan shark shrugs and just laughs it off....

Or appeals, and delays them all the way to oblivion. :scared:

 

 

Either way I will predict that the outcome whether good or bad will be sold to the fanbase as a glorious victory for the plucky underdog.

Probably in short paragraphs.

That don't flow.

At all.

And Penny will pop out of Greggs for a photo.

When she sees that votes are at stake.

 

 

 

So get the sick bucket ready, and make it a big one.

Waterside.saint

Waterside.saint

Posted
Posted
I reckon Chinny has a bit of paperwork to confuse them, but I suspect the judge will be lenient towards the Trust.

Most likely?

:

:

And Penny will pop out of Greggs for a photo.

When she sees that votes are at stake.

 

So get the sick bucket ready, and make it a big one.

 

That will be a dazzling sight - Fatpenny dressed as a gooseberry with pie crumbs all down her front :spaz:

Jimmy_D

Jimmy_D

Posted
Posted
I respectfully disagree. BDO will argue that selling the ground to Harris will mean no club and no club means no parachute payments. They will win the case but I don't mind that. It will be amusing.

 

This court case isn't anything to do with the creditors or the club per se though, it's all about whether the administrator is allowed to sell the ground for what the PST are offering.

 

That's the reason the offer for just the ground could be so damaging to the PST.

fanimal

fanimal

Posted
Posted

Its about 1) can BDO sell the 'asset" in the first place, and then 2) if so, for how much? The fact expert witnesses are on hand and a higher offer has come in from left field makes me think BC thinks BDO will win 1 so he is putting all his effort on the valuation limb. High risk, as if he loses that, then his appeal options are far less as points of law unlikely.

trousers

trousers

Posted
Posted
That will be a dazzling sight - Fatpenny dressed as a gooseberry with pie crumbs all down her front :spaz:

 

Do you really expect me to type that into Google image search....?! :)

Ken Tone

Ken Tone

Posted
Posted
Should she not be in whitehall as parliament has been recalled?

 

Mordaunt will leave as soon as she's been in enough photos. It's all about publicity for her

Ken Tone

Ken Tone

Posted
Posted
@pn_neil_allen: Now adjourned again. Told not on again before 2pm. #Pompey

 

Sigh...

 

It's very unlikely now that the case will finish until tomorrow, and then there is a fair chance the judge will take a few days to 'reflect' and write up his decision.

 

Maybe the dream (but unlikely) scenario for the FL is that he decides in favour of chainrai , but only makes his decision public just after their final league fixture, so they go out of business but all their results this season can stand.

 

Personally my dream is still that they start next season in L2 on -10 and skint

andysstuff

andysstuff

Posted
Posted
@pn_neil_allen: Reason for delay remains unclear. Hearing contrasting reasons for it. Not worth speculating on! #Pompey

 

On come on Neil. When have you ever thought speculation not worthwhile. Methinks that's not good news for PDT.

Ken Tone

Ken Tone

Posted
Posted
@pn_neil_allen: Reason for delay remains unclear. Hearing contrasting reasons for it. Not worth speculating on! #Pompey

 

Meanwhile his News colleague Emma Judd has done just that .... "Mr Justice Peter Smith agreed to delay the start until 2pm amid indications that the parties involved in the High Court action were discussing a last-minute deal"

http://www.portsmouth.co.uk/sport/pompey/delayed-start-in-pompey-court-hearing-1-4981207

trousers

trousers

Posted
Posted

So, Harris to buy stadium and lease back to PDT...? Or PDT calling Harris/Chainrai's bluff by saying they'd now rather move the club to another home....?

pedg

pedg

Posted
Posted

I guess any deal would have to involve Chinny getting more money. But where would it come from? Unless the deal is about adding an overage clause?

Ken Tone

Ken Tone

Posted
Posted
Maybe my hunch from last week (court case won't go ahead due to behind scenes deal) has potential...

 

Possibly. an expensive way of doing it though, to wait until the case is actually using up high court time. Those judges don't come cheap!

trousers

trousers

Posted
Posted
Possibly. an expensive way of doing it though, to wait until the case is actually using up high court time. Those judges don't come cheap!

 

When you've got £millions of parachute payments to divert from the creditors anything is possible.... ;)

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