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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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Gorgiesaint

Gorgiesaint

Posted
Posted
If the purchase is completed, does anyone have a breakdown of approximately who will own what percentage of the club. For example, as the money from the council is a loan, I'm assuming that the council won't own any of the shares; would these shares be gifted to the trust? If so, would this (just) push the supporter's share holding over the 50% mark?

 

The council funding is a loan so won't qualify for shares.

 

The figures that I'd seen (and not sure how accurate they are) was that of the £3m in the Escrow account - £1.4m was from the fans £1k 'shares' & £1.6m from the HNW's. What needs to be included is that the HNW's subsidised the club to the tune of £1m during the season, I'm sure that we were told that these contributions were being converted into shares. That then means, on the simple figures above, the HNW have £2.6m of a total £4m funding, that equals 65% to me.

 

Sure there are other parts that I've missed out and its a simplistic view - I'll await the trust's transparency to make the actual figures public.

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rallyboy

rallyboy

Posted
Posted

Let's just lift the lid a little on this glorious victory for the people.

I didn't like to be too scathing on their big day, it would have seemed rude. :)

 

 

 

So they have paid off Chanrai, he pushed their offer and readily accepted their cash, but they also have to pay his legal fees. :o Ouch!

 

In reality the Trust now has a 50% stake in an opportunity to secure Fortress Fatpipes, a deal that has to be completed immediately.

Individual fans have paid a £1000 donation, which gives them no power.

 

The property developer will have access to a massive chunk of land, and has a deal from Tesco on the table.

Nice.

 

Now we hear that the Trust's journey back to the Premier League will be plotted by a man who steered Bury to the edge of liquidation.

To me his appointment hints of an attempt at sensible prudent stabilising in the lower leagues, rather than a dramatic return.

At least he won't lie about the lowest wages in the division, according to Bury he signed players on £100-£200 a week.

 

I can cope with that prudent approach, but can the few?

 

 

In the meantime can we just point out a few home truths to the gobby ones who have leapt back upon the rickety bandwagon.

 

1. The wagon has no wheels, just an agreement to buy some wheels, approx three.

2. Penny is prettier when she has a bun in her mouth, it prevents all that 'look at me' back-slapping, vote-harvesting drivel spilling out.

3. Some of the Trust have worked very hard and deserve praise - should they complete, and make the figures work.

4. Most fans have no understanding of what has occurred and are celebrating something that hasn't happened.

5. No one said they couldn't afford £3M between them all, but most of us think they can't afford to run the club.

6. If they complete, the club will not be fan-owned.

7. We have to accept that most media will be too dim to understand and too lazy to research, they will sweep the £150M debt under the carpet and run with the fairytale of the 250K fans who never gave up.

8. The claim of being debt-free is bonkers.

9. 'Add-ons' - what a great little phrase, right up there with 'less expenses'.

10. Couldn't think of ten, but did enjoy seeing that footage of Storrie again - 'Are you aving a larf mush?' - deserves to be in any top ten.

 

 

So forget that plucky child with the single tear on his little rosy cheek, brace yourselves, the facts are about to be washed away in a media river of sick and spin.

The biggest and bestest myth shop in world football is open for business - history rewritten, as it happens, while you wait!

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badgerx16

badgerx16

Posted
Posted (edited)
Why on BBC local news is Tony Husband promoting them as the largest community owned club in Europe...How about Real Madrid?

http://uk.eurosport.yahoo.com/blogs/the-rundown/fan-ownership-football-always-good-thing-112929038.html

"In some countries, it's even mandatory: Sweden and Turkey stipulate all clubs MUST be fan-owned. And Germany is similar, requiring 51% fan ownership, albeit with exceptions allowed for historic works sides such as Bayer Leverkusen and Volkswagen's VfL Wolfsburg"

 

I think here's also Barcelona and Athletic Bilbao. Barca have only @170,000 'members' though, this is obviously far fewer than Pompey will muster.

Edited by badgerx16
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Chez

Chez

Posted
Posted

There are considerable football debts, but the parachute payments do seem to cover them, so there seems to be no excuses for failure from here onwards. I wonder how many of the 600 that haven't handed over the £900 will do so now the club has been saved? Seeing as you get nothing for your money is there any point?

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Chez

Chez

Posted
Posted
http://uk.eurosport.yahoo.com/blogs/the-rundown/fan-ownership-football-always-good-thing-112929038.html

"In some countries, it's even mandatory: Sweden and Turkey stipulate all clubs MUST be fan-owned. And Germany is similar, requiring 51% fan ownership, albeit with exceptions allowed for historic works sides such as Bayer Leverkusen and Volkswagen's VfL Wolfsburg"

 

I think here's also Barcelona and Athletic Bilbao. Barca have only @170,000 'members' though, this is obviously far fewer than Pompey will muster.

 

aren't all four champions league semi finalists fan owned?

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Chez

Chez

Posted
Posted

Benefica are also fan owned and have the largest official membership of any club and as a result I think they claim to be the world's most supported club or something like that. They must be gutted the skates have overtaken them.

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Saint Lindford

Saint Lindford

Posted
Posted

The Few are asking the question What next?

 

http://www.thepompeychimes.net/forum/viewtopic.php?f=2&t=71103

 

Got to love this one!

 

"That has to be a problem in this whole process doesn't it but we have to be a big fish in League 2 terms with our gates probably only Bradford could compete with our budget, but it works elsewhere aren't Barcelona a community club?"

 

Wonder what budget that will be then? A shoestring?

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andysstuff

andysstuff

Posted
Posted
The Few are asking the question What next?

 

http://www.thepompeychimes.net/forum/viewtopic.php?f=2&t=71103

 

Got to love this one!

 

"That has to be a problem in this whole process doesn't it but we have to be a big fish in League 2 terms with our gates probably only Bradford could compete with our budget, but it works elsewhere aren't Barcelona a community club?"

 

Wonder what budget that will be then? A shoestring?

 

Preferred this one myself n

 

 

What happens next?

10 point deductioin and trips to Godforsaken grounds.

Financially we're still f*&$ed and as a wee bonus we have ex-members of the 657 in control...and they were just great were'nt they?

Play Up Pompey and we can all carry on living the dream......what happens next?

Who knows but I'll be there..in body or in spirit. PUP.

 

 

Think someone there gets it.

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aintforever

aintforever

Posted
Posted
The Few are asking the question What next?

 

http://www.thepompeychimes.net/forum/viewtopic.php?f=2&t=71103

 

Got to love this one!

 

"That has to be a problem in this whole process doesn't it but we have to be a big fish in League 2 terms with our gates probably only Bradford could compete with our budget, but it works elsewhere aren't Barcelona a community club?"

 

Wonder what budget that will be then? A shoestring?

 

That would be the Bradford that has been stuck in the 4th tier since 2007.

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hutch

hutch

Posted
Posted

That is actually quite odd for the News:

 

At a stroke a judge had, in theory, handed the keys to Fratton Park to the people who truly deserve them – the fans. Mind you, they’ve been through so many hands in recent years they’re probably so eroded they won’t fit the locks.

 

If negotiations in the coming weeks are successful, Pompey will soon become the biggest fan-owned club in the country.

 

And what a triumph it has been for the supporters’ trust which so many knocked when it was first set up. Didn’t stand a chance, they said. Bunch of amateurs, said others. Look at them today.

 

This could well turn out to be the most magnificent victory in the history of the 115-year-old club, one for which many Fratton Park diehards would happily trade that 2008 FA Cup win.

 

The court decision should mark the beginning of the end of one of the shabbiest periods in not only Pompey’s past, but also in the history of English football.

 

If the sale of Fratton Park by the administrators to the trust does go ahead, then as next season approaches – almost certainly one confined to League Two – then we should be witnessing a real new dawn for Pompey. Not one of the numerous false ones we’ve experienced as the club ricocheted between Arab, Russian and Hong Kong-based money men like a pinball.

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qwertySFC

qwertySFC

Posted
Posted

So what have they got for all the pennies spent - a division four club , 90% of the players on a 4 week contract , a manager who took them on one of longest runs without a win and of course the have the delightful Fatpipes Park - a crumbling decrepit ground and they seem so excited by all of this - it's like me saying "Hey come and see my Ferrari , its not drive able, needs a new engine , a new respray , the chassis needs replacing , new windows , the seats are missing - but hey its mine and I have the log book to prove it ..

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70's Mike

70's Mike

Posted
Posted
The council funding is a loan so won't qualify for shares.

 

The figures that I'd seen (and not sure how accurate they are) was that of the £3m in the Escrow account - £1.4m was from the fans £1k 'shares' & £1.6m from the HNW's. What needs to be included is that the HNW's subsidised the club to the tune of £1m during the season, I'm sure that we were told that these contributions were being converted into shares. That then means, on the simple figures above, the HNW have £2.6m of a total £4m funding, that equals 65% to me.

 

Sure there are other parts that I've missed out and its a simplistic view - I'll await the trust's transparency to make the actual figures public.

 

exactly community club my ar*e

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Ohio Saint

Ohio Saint

Posted
Posted

I wonder how many dopey skates are reading the last few pages of this thread and wondering why we are not setting fire to our underpants in rage at the latest developments?

 

Actually, no, i don't wonder why at all...... I know the answer, and it rhymes with "cupid stunts"

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rallyboy

rallyboy

Posted
Posted

phew, I thought that was Avram in the director's box there for a mo. :scared:

Was that the launch of the free tickets for seaman initiative?

Quantity over quality.

 

 

The new regime does look like a professional set-up, nice bedsheet with the club crest on, at least they've saved a few quid.

 

And the details of the deal make good reading.

Or they will do, if the Property Developing Trust ever embraces transparency, rather than just promising it.

 

 

Is the honeymoon over yet?

If so, the only ones that got a good seeing too were the creditors.

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Weston Super Saint

Weston Super Saint

Posted
Posted
Be interesting to see what their attendances are like in the second half of the L2 season if they're not challenging for promotion.

 

This weekend will be the ultimate test.

 

250,000 of the bestest fans ever, triumphed over the rest of the world who were against them at every turn. This rhetoric should rally the phew into action. Anything less than 20k for this landmark home game will signal crowds dropping to 6k and below next season!

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JackFrost

JackFrost

Posted
Posted
This weekend will be the ultimate test.

 

250,000 of the bestest fans ever, triumphed over the rest of the world who were against them at every turn. This rhetoric should rally the phew into action. Anything less than 20k for this landmark home game will signal crowds dropping to 6k and below next season!

 

Someone may be able to dig it out but I think McInnes said something like averaging 12,500 crowds wouldn't be enough to keep them solvent.

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Dr Who?

Dr Who?

Posted
Posted
I feel really envious of Pompey now they've pulled it off. I wish it was us:adore: On second thoughts I think beating Man City, Liverpool and Chelsea makes up for playing Torquay, Aldershot etc.:lol:

 

They might have to be very unlucky to play those 2 teams, as they are very close to the bottom 2!

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Dr Who?

Dr Who?

Posted
Posted
I'm actually going to give their fans a little credit. They now part own their club.

 

They have no democratic power and collectively own a minority share, but all credit.....

 

I owned a little bit of Ebbsfleet, then got bored. Saw them win at Wembley though! Again look where they are heading.

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trousers

trousers

Posted
Posted
I owned a little bit of Ebbsfleet, then got bored. Saw them win at Wembley though! Again look where they are heading.

 

F*** it....I know we've mooted the idea before but let's actually do this... Let's all club together and buy a SWF 'share'... Say 40 of us at £25 a throw? Who's in?

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Essruu

Essruu

Posted
Posted
F*** it....I know we've mooted the idea before but let's actually do this... Let's all club together and buy a SWF 'share'... Say 40 of us at £25 a throw? Who's in?

 

I'd rather take a fiver and a couple of tenners and burn them.

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rallyboy

rallyboy

Posted
Posted

I just feel relieved and pleased for the local businesses and economy.

 

The club was bringing £300M a year into the city when they were struggling, so now that the crowds are all back that figure must be closer to £500M - that's £20M for EVERY home game.

Fantastic news.

 

 

And if anyone feels the same as Essruu you can send me the cash and I'll burn it for you.

In fact Lord T can give me his money too and I'll go buy a share.

Honest I will.

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