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Pompey Takeover Saga


Fitzhugh Fella

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Just heard some mad stuff on Solent.

 

Barker wants to thin out his squad, he says he has 28 players and that is way too many. :o

 

Get with the programme Richie boy, send out those youngsters, make excuses, then plead for special help from the nasty league.

 

That after Jervis has said that his problems with international clearance might have been ironed out if he had been trying to sign for a big club.

 

He has gone off template!

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Just heard some mad stuff on Solent.

 

Barker wants to thin out his squad, he says he has 28 players and that is way too many. :o

 

Get with the programme Richie boy, send out those youngsters, make excuses, then plead for special help from the nasty league.

 

That after Jervis has said that his problems with international clearance might have been ironed out if he had been trying to sign for a big club.

 

He has gone off template!

 

Just think. Next season you are probably going to have to wait until after 6 pm before you hear about Pompey as that is when they cover the non league teams.

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I heard from two sources this week, that Pompey will be going into administration again...

 

Don't be ridiculous. Surely if a football club were on the brink of administration they wouldn't sign a hatful of new players and increase their expenditure!

 

Oh, wait.....

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Fellow nutjobbers your money is required, although I'd prefer normal donations and not skate maths donations. http://www.saintsweb.co.uk/showthread.php?48631-Lounge-Lizards-I-Request-Your-Assistance#.UtqxFvRFCIU

 

Good luck. I have donated but if Pompey get relegated and I pick up a wedge from the bookies your charity can have a mini wedge.

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Great post on Pompey Online:

 

"When I renewed my season ticket this year it was with a feeling of hope and excitement about the new "Era" that this club was about to embark.

Improvements all round on and off the pitch, a real hope that this was the start of something special.

Half the season gone and yesterdays game against Mansfield in my opinion just a complete farce, on and off the pitch.

The stadium announcer asking for noise from the South Stand, The Milton End then the North End, OK a simple mistake.

Then we had a one minute applause for two of Pompey's legends, one minute between the two and not even a minutes silence, pathetic and an insult.

I needed to use the toilet facilities and I can only describe it as absolutely disgusting and was unable to do so.

I would have liked a hot drink during the second half because I was freezing but the bar was shut, why?

This is 2014.

On the pitch was also a joke.

"And the Pompey man of the match is " well you know the rest.

I did however find it amusing the way all our defenders stood and admired the way that Mansfield goal was scored.

So halfway through the season and already decided not to renew next year.

Rant over."

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Great post on Pompey Online:

 

"When I renewed my season ticket this year it was with a feeling of hope and excitement about the new "Era" that this club was about to embark.

Improvements all round on and off the pitch, a real hope that this was the start of something special.

Half the season gone and yesterdays game against Mansfield in my opinion just a complete farce, on and off the pitch.

The stadium announcer asking for noise from the South Stand, The Milton End then the North End, OK a simple mistake.

Then we had a one minute applause for two of Pompey's legends, one minute between the two and not even a minutes silence, pathetic and an insult.

I needed to use the toilet facilities and I can only describe it as absolutely disgusting and was unable to do so.

I would have liked a hot drink during the second half because I was freezing but the bar was shut, why?

This is 2014.

On the pitch was also a joke.

"And the Pompey man of the match is " well you know the rest.

I did however find it amusing the way all our defenders stood and admired the way that Mansfield goal was scored.

So halfway through the season and already decided not to renew next year.

Rant over."

 

I'd have said that's one of us trolling POL, but it has that unmistakable ring of authenticity that could only come from someone who's just realised they've wasted a lot of time and money :D

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I never thought I'd laugh out loud at diving!

 

Yes, she has some bottle to do that, so fair play - and it was an excellent choice of red and white BUT....that was like someone tipping a paving slab off the top board out of a wheelbarrow.

Do they not get to practice?

I'm no expert but she has the sleek aerodynamics of a portakabin.

They could have tipped a wardrobe off there and it would have scored more for style.

Surely you don't score extra points for emptying the pool, she was responsible for a tsunami.

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I never thought I'd laugh out loud at diving!

 

Yes, she has some bottle to do that, so fair play - and it was an excellent choice of red and white BUT....that was like someone tipping a paving slab off the top board out of a wheelbarrow.

Do they not get to practice?

I'm no expert but she has the sleek aerodynamics of a portakabin.

They could have tipped a wardrobe off there and it would have scored more for style.

Surely you don't score extra points for emptying the pool, she was responsible for a tsunami.

 

Top stuff again Rallyboy. Penny got a call last night from those boffins at Pelamis to help with their research into wave power.

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They are all massive in this promotion season didn't you know. They were told play-offs were a minimum for such a massive club with massive support. #massiveportsmouth

 

In fact they're so massive that right now they would have to overcome a 14-point deficit to even get near the play-offs.

And there's the mouth-watering prospect of their being docked more points for *another* administration if rumours turn out to be true (again).

Where's that saints-themed popcorn thingummy?

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This thread still has the capacity to make me chuckle, and even more negatively snig ger, although the stupid swear checker doesn't allow it.

 

But GM's post hasn't been doubted and greeted with much surprise: all the questions were for elucidation. I think that says a lot about the situation, don't you think?

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Have a read of this thread.

 

http://fansonline.net/portsmouth/mb/view.php?id=532981

 

Now, it's always been fun to view the blue end of the county as a bunch of degenerates, but I wasn't quite aware of the extent until now.

 

Particular highlights are a representative of the PST calling Pompey fans "failed abortions" and another calling a guy with motor neurone disease a "Hawkins wannabe." I would like to say it's unbelievable, but it just isn't anymore.

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The point is if they get docked points again for going into admin, they will have to decide if they take them now and then start at zero next season in the Blue Square or if the try and stay in the 4th Division this year and and perhaps take them next year to buy time.

On the other hand they might take them next year whilst in the blue square, have to go into admin and then have to take them the year after that.

The thing is that it could be another 10 years before they stabilise and by then they will be playing The Red Lion in the pub Friendly League Division 6.

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Have a read of this thread.

 

http://fansonline.net/portsmouth/mb/view.php?id=532981

 

Now, it's always been fun to view the blue end of the county as a bunch of degenerates, but I wasn't quite aware of the extent until now.

 

Particular highlights are a representative of the PST calling Pompey fans "failed abortions" and another calling a guy with motor neurone disease a "Hawkins wannabe." I would like to say it's unbelievable, but it just isn't anymore.

 

FPMSFLMFAO!!!111!!!

 

In answer to Ridds assertion that the crowd attitude has changed since the Stockport game era- it hasn't.

 

Two things about a player will get a Pompey crowd so wound up that they'll eventually resort to booing.

 

I know the 'hawkins wannabe' still comes on here for a look, so can someone [Trousers!!] dig out the infamous post from PFC123 where he states magnanimously that 'Pompey fans never boo their own players, ever'?

 

What a delicious about face ;)

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The point is if they get docked points again for going into admin, they will have to decide if they take them now and then start at zero next season in the Blue Square or if the try and stay in the 4th Division this year and and perhaps take them next year to buy time.

On the other hand they might take them next year whilst in the blue square, have to go into admin and then have to take them the year after that.

The thing is that it could be another 10 years before they stabilise and by then they will be playing The Red Lion in the pub Friendly League Division 6.

Personally I can't see them surviving another administration - if they do then I would think the FL wouldn't want to see them again for a generation - and don't forget the skrill league isn't the football league - minus ten now and no guarantee of the golden share even if they win the skrill.

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Even by Factless's low standards this aticle is something else.

 

Not only is it deadly dull (I defy anybody to get to the bottom whilst still paying attention) and has his own unique paragraph structure but it also contains the immortal phrase "at this moment in time".

 

I appreciate that this phrase is beloved by cliche merchants like football managers (it is one of Hoddle's favourite phrases) but I am amazed that a so called professional journalist , a man who makes his iving by his writing skills, uses this phrase in print. There is a simple three letter word "now" which any wordsmith would use.

 

He and Pompey deserve each other!!

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if I read that right the presidents are £183K away from taking a majority shareholding - meaning the next begging bowl to sort cashflow will be pivotal.

 

People more expert than me might like to explain why they would want to tie up so much money if there really is no way of getting dividends nor selling without the permission of so many people?

What is in it for them, especially the two who are not pompey fans?

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I am seriously thinking of waging a large bet on Pompey not getting relegated. This means I have a win win situation. IE if they avoid relegation I pick up some winnings but if they don't? - well I would be quite happy to spunk £100 up the wall if it means they go down. So my fellow nut jobs, what are the odds on them not going down tonight?

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I am seriously thinking of waging a large bet on Pompey not getting relegated. This means I have a win win situation. IE if they avoid relegation I pick up some winnings but if they don't? - well I would be quite happy to spunk £100 up the wall if it means they go down. So my fellow nut jobs, what are the odds on them not going down tonight?

 

http://www.statto.com/football/odds/england/league-two/relegation

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I am seriously thinking of waging a large bet on Pompey not getting relegated. This means I have a win win situation. IE if they avoid relegation I pick up some winnings but if they don't? - well I would be quite happy to spunk £100 up the wall if it means they go down. So my fellow nut jobs, what are the odds on them not going down tonight?

 

Personally I would wait till after the next game when they could be in the relegation zone.

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I am seriously thinking of waging a large bet on Pompey not getting relegated. This means I have a win win situation. IE if they avoid relegation I pick up some winnings but if they don't? - well I would be quite happy to spunk £100 up the wall if it means they go down. So my fellow nut jobs, what are the odds on them not going down tonight?

 

 

Those are odds to be relegated, not to stay up.

 

Seems BETVictor are the only bookies to have that market at the moment.

 

Pompey are 1/20 to stay up so not really worth a bet.

 

http://www.bookies.com/football/england/league-two/to-stay-up/

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I never thought I'd laugh out loud at diving!

 

Yes, she has some bottle to do that, so fair play - and it was an excellent choice of red and white BUT....that was like someone tipping a paving slab off the top board out of a wheelbarrow.

Do they not get to practice?

I'm no expert but she has the sleek aerodynamics of a portakabin.

 

They could have tipped a wardrobe off there and it would have scored more for style.

Surely you don't score extra points for emptying the pool, she was responsible for a tsunami.

 

Applause smiley thing! :toppa:

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Have a read of this thread.

 

http://fansonline.net/portsmouth/mb/view.php?id=532981

 

Now, it's always been fun to view the blue end of the county as a bunch of degenerates, but I wasn't quite aware of the extent until now.

 

Particular highlights are a representative of the PST calling Pompey fans "failed abortions" and another calling a guy with motor neurone disease a "Hawkins wannabe." I would like to say it's unbelievable, but it just isn't anymore.

 

I don't whether to laugh or cry at that thread. The blatent discrimination is pretty disgusting, I assume that forum never gets moderated!

 

This gem did make me chuckle though, they're now having to compare themselves with Mansfield to 'brag' about how big a club they are :D ''Deep, we're not deep in the brown though are we. I'm sure Mansfield fans would like to be in the brown that we're in of over 10k gates every week with stable ownership off the pitch. ''

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The rewriting of history as it happens extends to lesser sports too, as you can see from this early entry in the 2014 Misleading Sentence of the Year competition.

 

PENNY Mordaunt has triumphed for Portsmouth after completing her dive on national television without any major hitches.

 

1. She didn't triumph.

2. She didn't really complete a dive.

3. There were major hitches.

 

Other than those minor points, spot on!

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Although I'm not expecting it to happen soon, imagine the wailing from the idiots who were stupid enough to stump up a grand of their own money to "buy a share" in the club when they next go into administration. I will pee my pants with laughter when they start screaming about getting their money back.

 

Hey guys, guess what? You're never getting your money back, administration or not...

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Spot the inconsistency:

 

http://www.chichester.co.uk/sport/football/pompey-latest/barker-keen-to-trim-pompey-squad-1-5816870

 

http://www.portsmouth.co.uk/sport/pompey/pompey-to-unveil-new-defensive-recruit-1-5818680

 

So we have the need to reduce the squad and we'll achieve that by actually increase it. Poopey maths again.

 

So that's their sixth recruit of the transfer window and they've got rid of one and loaned one out to a non-league club for peanuts. New faces, same old Pompey.

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if I read that right the presidents are £183K away from taking a majority shareholding - meaning the next begging bowl to sort cashflow will be pivotal.

 

People more expert than me might like to explain why they would want to tie up so much money if there really is no way of getting dividends nor selling without the permission of so many people?

What is in it for them, especially the two who are not pompey fans?

 

Although I'm not expecting it to happen soon, imagine the wailing from the idiots who were stupid enough to stump up a grand of their own money to "buy a share" in the club when they next go into administration. I will pee my pants with laughter when they start screaming about getting their money back.

 

Hey guys, guess what? You're never getting your money back, administration or not...

 

Its all there in #factless' article:

 

The Shareholders’ Agreement for Portsmouth Community Football Club is a 40-page legal document not on public display, yet has been seen by The News.

 

At present, shares are valued at £1,000 each and will remain so until the April 19 deadline when the scheme transfers to the Trust board to administrate, enabling them to decide the future price.

 

Still, as well as 75 per cent of shareholders required to sanction the sale of shares, that figure is also needed to allow assets of the company to be mortgaged or the changing of the mandate to the bank.

 

In addition, there are issues contained within the Shareholders’ Agreement which necessitate a 90-per-cent vote to be implemented.

 

These consist of the company being listed on the stock exchange, the winding up of the company and the buying and selling of external assets (not including players).

 

Additionally, 90 per cent would be needed to pass any ‘changing nature’ of the business, which could be argued would include a name change to the football club. Particularly relevant considering the Hull City goings on at present.

 

It is written into their cod-ified constitution, not that any of them will ever publically see the document, they are only allowed to see carefully selected quotes from the document published on the local rags website, followed by #factless' take (PDT spin/propaganda) on matters.

 

They will never be allowed to sell their trust shares at a profit, but the board have the power to dilute those shares at any point. Yes, they will need the trusts say so, but the trust is very much disproportionately represented on the board.. and that trust board member gets voted in annually!

 

The developers can invest and dilute the trust shareholding at any moment, whilst trust members can never individually invest/throw away more than £20k.

 

The developers have all the control and power, as Rally boy points out, the next £183k of emergency fatpipes maintenece will swing the balance for real.

 

Just you wait until they have reached their 'limit' of developers cash investment, as a penny more will make the trust the minority, I hope you can see what I am seeing.

 

#factless article

 

trust maintain majority shareholding whilst presidents make emergency maintenence loans to keep the grand old lady in order

 

the presidents have moved to ensure that the trust keeps hold of their majority stake in pompey by loaning the club essential funds in order to continue playing at fratton park

 

which translates to the developers have been successfull in loading secured debt onto pompey, ensuring they are major creditors in the likely event of insolvency

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