mack rill Posted 29 September, 2014 Share Posted 29 September, 2014 Well that's a big weight off the club's shoulders,All we need now is for the phantom tippler to square up the Bar Tab, n will be in profit, Link to comment Share on other sites More sharing options...
100%Red&White Posted 29 September, 2014 Share Posted 29 September, 2014 Credit where credit's due - it couldn't have been easy repaying everyone and clearing that £150m debt. Taxpayers/charities/local business community rejoice, great work for such a small club. Link to comment Share on other sites More sharing options...
Hockey_saint Posted 29 September, 2014 Share Posted 29 September, 2014 Credit where credit's due - it couldn't have been easy repaying everyone and clearing that £150m debt. Taxpayers/charities/local business community rejoice, great work for such a small club. I assume that's sarcasm? Link to comment Share on other sites More sharing options...
Essruu Posted 29 September, 2014 Share Posted 29 September, 2014 I assume that's sarcasm? I assume that isn't sarcasm? Link to comment Share on other sites More sharing options...
rallyboy Posted 29 September, 2014 Share Posted 29 September, 2014 I thought we frowned upon sarcasm here? Had I known that we didn't I might have been more active. Oh well, at least they paid everyone off in full. Link to comment Share on other sites More sharing options...
Goatboy Posted 29 September, 2014 Share Posted 29 September, 2014 Does this mean they can start 'borrowing' again? Link to comment Share on other sites More sharing options...
Batman Posted 29 September, 2014 Share Posted 29 September, 2014 fair play to them now, no excuses for not getting back to the championship in the next 3 seasons or so Link to comment Share on other sites More sharing options...
Joneth Posted 29 September, 2014 Share Posted 29 September, 2014 I assume that if/when it transpires that this whole 'debts paid off' thing is actually a 'slightly fluid' interpretation of the true state of affairs, that Mr Allen will be clarifying the situation with one of his usual insightful 50 paragraph articles? Link to comment Share on other sites More sharing options...
Hockey_saint Posted 29 September, 2014 Share Posted 29 September, 2014 I assume that isn't sarcasm? No....that wasn't sarcasm...ok, it was; I find it amazing how they can say they're now debt free. It's an even more horrendous claim than the one about them holding the cup the longest, thank you Mr Taxman for writing off all that debt and leaving all those businesses in the lurch and thank you Mr Hitler for starting a war that killed over 9 million people. Link to comment Share on other sites More sharing options...
eurosaint Posted 29 September, 2014 Share Posted 29 September, 2014 Is this 'debt free' announcement as watertight as the last one made by the chairman a year or so ago? If so, it won't even need a nutjob forensic investigation to pick it apart ! I look forward to the unraveling of the detail in due course as ever!! Link to comment Share on other sites More sharing options...
St Chalet Posted 29 September, 2014 Share Posted 29 September, 2014 We all know that 'debt free' to that lot means that the credit card has been cleared so they can now go out and run up a debt. Based on their infrastructure and fan base they'll probably hover around league one. Link to comment Share on other sites More sharing options...
The9 Posted 29 September, 2014 Share Posted 29 September, 2014 Not sure why they should be getting any credit for paying the outstanding football creditors less than they agreed to ("settlements") later than they would have done if they'd actually channelled ALL the parachute payments to them. They've only paid off "early" because they set a ridiculously long time scale for those payments to begin with. Link to comment Share on other sites More sharing options...
100%Red&White Posted 30 September, 2014 Share Posted 30 September, 2014 Credit where credit's due - it couldn't have been easy repaying everyone and clearing that £150m debt. Taxpayers/charities/local business community rejoice, great work for such a small club. I think I've been misunderstood. Translation: No credit due - far too easy for them to get out of paying their debts. Cheating the taxpayers/ripping off charities/etc. dirty work by the 4th division smallfry. Again. Link to comment Share on other sites More sharing options...
OldNick Posted 30 September, 2014 Share Posted 30 September, 2014 It is confusing, we had stories on here some time ago that they couldn't pay their staff . Then at the last minute 50k appeared from nowhere and now the debts have gone. Lester Piggots accountant must be on board Link to comment Share on other sites More sharing options...
Picard Posted 30 September, 2014 Share Posted 30 September, 2014 Is this 'debt free' announcement as watertight as the last one made by the chairman a year or so ago? If so, it won't even need a nutjob forensic investigation to pick it apart ! I look forward to the unraveling of the detail in due course as ever!! Let's be clear about this. They don't claim to be debt free, only to have got rid of the legacy debts as of April 2013. I would imagine since then they have run up some new debts. Link to comment Share on other sites More sharing options...
eurosaint Posted 30 September, 2014 Share Posted 30 September, 2014 Let's be clear about this. They don't claim to be debt free, only to have got rid of the legacy debts as of April 2013. I would imagine since then they have run up some new debts. Not according to this article on the BBC website http://www.bbc.co.uk/sport/0/football/29408776 "Portsmouth have announced they have now cleared all debts following the club's exit from administration in April 2013". Link to comment Share on other sites More sharing options...
Sevvy Posted 30 September, 2014 Share Posted 30 September, 2014 http://www.portsmouth.co.uk/sport/pompey/profit-boost-as-pompey-announce-results-1-6328557 Going by the Statement in here they now only own 48% unless i have read it wrong, Link to comment Share on other sites More sharing options...
andysstuff Posted 30 September, 2014 Share Posted 30 September, 2014 http://www.portsmouth.co.uk/sport/pompey/profit-boost-as-pompey-announce-results-1-6328557 Going by the Statement in here they now only own 48% unless i have read it wrong, That's the way I read it too. Looks like someone's chipping away at their percentage. Every little helps. Link to comment Share on other sites More sharing options...
St Chalet Posted 30 September, 2014 Share Posted 30 September, 2014 That's the way I read it too. Looks like someone's chipping away at their percentage. Every little helps. So the trust no longer owns a controlling stake in the 'fans run club'. So what actual difference is this to say a PLC run club, other that there are no dividends or ability to sell? Link to comment Share on other sites More sharing options...
Gruffalo Posted 30 September, 2014 Share Posted 30 September, 2014 They have been countering discontent from 'shareholders' unaware of the drop by pointing out that any major decisions require a 75% majority vote and, virtue of the fact that some of the LNWs are supporters, then the PST's crucial percentage for a controlling stake is actually 26%, not 51%.. po**ey logic.. Link to comment Share on other sites More sharing options...
hutch Posted 30 September, 2014 Share Posted 30 September, 2014 So the trust no longer owns a controlling stake in the 'fans run club'. So what actual difference is this to say a PLC run club, other that there are no dividends or ability to sell? They've got a fanontheboard, and we haven't. It's almost enough to make a man defect. Link to comment Share on other sites More sharing options...
rallyboy Posted 30 September, 2014 Share Posted 30 September, 2014 The PST owns just under 51% of the club 29/9/14 - BBC report including interview with Catlin. Ashley Brown announced the Trust presently own 48 per cent of the club. 30/9/14 - The News, reporting on the accounts. Technically 48% is just under £51%, but it's quite an important tipping point, perhaps related to the Tifosi £50K? Putting aside the discrepancy, if that is fan-owned then so are Newcastle, Chelsea, Southampton, Man City etc. We are in complete control of the club’s destiny, said the pompey CEO looking around the board of seven, alongside his two colleagues..... So the people who have donated have no voting powers at all, and their representatives now control less than half of the business, and are in a minority on the board. Link to comment Share on other sites More sharing options...
Picard Posted 30 September, 2014 Share Posted 30 September, 2014 Not according to this article on the BBC website http://www.bbc.co.uk/sport/0/football/29408776 "Portsmouth have announced they have now cleared all debts following the club's exit from administration in April 2013". Let's go straight to the horse's mouth Portsmouth Community Football Club would like to announce that all legacy debts taken on by the club as part of its exit from administration in April 2013 have now been fully settled. Everybody at the club has worked hard in reorganising our operations during the past 18 months and the legacy debts were a significant liability hanging over this ongoing process. Read more at http://www.portsmouthfc.co.uk/news/article/legacy-debts-fully-settled-1975561.aspx#vVLQikcUV4jWu2J2.99 Link to comment Share on other sites More sharing options...
Torres Posted 30 September, 2014 Share Posted 30 September, 2014 So, ignoring all the debt incurred since April 2013 and the fact that the Trust now controls just 48% of the total shareholding, this fan-owned club is indeed now debt free. Well done them. Link to comment Share on other sites More sharing options...
dubai_phil Posted 30 September, 2014 Share Posted 30 September, 2014 Sorry couldn't resist it Link to comment Share on other sites More sharing options...
rallyboy Posted 30 September, 2014 Share Posted 30 September, 2014 been anywhere nice recently DP?... Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 30 September, 2014 Share Posted 30 September, 2014 been anywhere nice recently DP?... For the record that is very much a rhetorical question and doesn't in any way shape or form need answering. Link to comment Share on other sites More sharing options...
gaz Posted 30 September, 2014 Share Posted 30 September, 2014 To be fair, the 48% is the largest single portion of the board as other 52% is divided between all the HNWs, but the PST couldn't block anything if the HNW's got together and voted the same way. But its all academical as PST shares were donations.... 1985 was a good year, I made an appearance into this world. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 1 October, 2014 Author Share Posted 1 October, 2014 I think it wrong to let a day go by without someone saying something on this thread and so in 1985 I not only hit 30 but also got divorced. My ex wife came to hate Saints but the irony is her second husband is a big Saints fan and ST holder!!! How unlucky can one girl get and she has no connection with the City. Link to comment Share on other sites More sharing options...
dubai_phil Posted 1 October, 2014 Share Posted 1 October, 2014 For the record that is very much a rhetorical question and doesn't in any way shape or form need answering. True Dat. Think it was all covered by the Official Club Twitter Feed. I did have a chortle seeing our old friend Matt Slater gleefully retweeting that our illustrious web fingered cousins are now debt free. Hopefully the final few posters left in the wilderness that is now TSW will be the ones left on here to get this thread to the 100,00 post mark. Link to comment Share on other sites More sharing options...
The Cat Posted 1 October, 2014 Share Posted 1 October, 2014 So I broached the subject of David Connolly with Scott Bevan earlier after we'd discussed Pompey's plucky 0-0 draw at Hartlepool and their failure to hit the back of the net. His reply: "that's one conversation I'm definitely not getting involved in." Link to comment Share on other sites More sharing options...
rallyboy Posted 1 October, 2014 Share Posted 1 October, 2014 The Connolly situation is definitely an odd one, no one wants to discuss it....whatever is going on is the best kept secret since the property developers saved the Tifosi scheme. Link to comment Share on other sites More sharing options...
The Cat Posted 1 October, 2014 Share Posted 1 October, 2014 Just remembered I saw a car with the numberplate **** PFC leaving the Police HQ on Hamble Lane the other day. Either one of our fans is going the extra mile to troll them, or one of theirs is showing support in a fairly misguided way. Link to comment Share on other sites More sharing options...
Danbert Posted 2 October, 2014 Share Posted 2 October, 2014 C'mon Rallyboy - make something out of this... http://www.portsmouthfc.co.uk/news/article/hypnotist-night-at-fratton-park-1983193.aspx? Link to comment Share on other sites More sharing options...
dronskisaint Posted 2 October, 2014 Share Posted 2 October, 2014 I think it wrong to let a day go by without someone saying something on this thread and so in 1985 I not only hit 30 but also got divorced. My ex wife came to hate Saints but the irony is her second husband is a big Saints fan and ST holder!!! How unlucky can one girl get and she has no connection with the City. Or.....how unlucky can two blokes get? Link to comment Share on other sites More sharing options...
mcjwills Posted 2 October, 2014 Share Posted 2 October, 2014 C'mon Rallyboy - make something out of this... http://www.portsmouthfc.co.uk/news/article/hypnotist-night-at-fratton-park-1983193.aspx? And your under, when you wake up you will have the urge to buy a shares in the club. You will sell anything you have to buy the share and then proclaim how happy your family is to go without xmas presents as it is all for the bestest club in the world innit Link to comment Share on other sites More sharing options...
The Cat Posted 2 October, 2014 Share Posted 2 October, 2014 That numberplate, which I didn't think would be censored, was PI55 PFC. The censorship on this board is a ****ing ****ty ****ing ********. Link to comment Share on other sites More sharing options...
Hatch Posted 2 October, 2014 Share Posted 2 October, 2014 C'mon Rallyboy - make something out of this... http://www.portsmouthfc.co.uk/news/article/hypnotist-night-at-fratton-park-1983193.aspx? this event to be immediately followed by the annual 'Shareholders' meeting to discuss finances. Link to comment Share on other sites More sharing options...
ericofarabia Posted 2 October, 2014 Share Posted 2 October, 2014 C'mon Rallyboy - make something out of this... http://www.portsmouthfc.co.uk/news/article/hypnotist-night-at-fratton-park-1983193.aspx? Look into my eyes .... 5, 4, 3, 2, 1 ... you're under. Right, now sign this little 1000 quid pledge to The Trust, thank you very much!! Meanwhile, I looked at 2 of the job vacancíes and had to marvel at the ineptitude on display, or maybe they are actually correct? Casual Coaches Wanted. - PUBLISHED 16:10 29th September 2014 by Pompey in the Community Pompey in the Community are looking for coaches to work on a casual area in the Portsmouth, Gosport & Fareham and East Hants (Alton, Liphook, Petersfield, Havant and Hayling Island) areas. Training up The New 657 Yoof maybe? Good luck finding any well dressed casuals in that scruffy cesspit!! Match Officials Wanted ..... (presumably due to the ones supplied by The FL not being able to cope with the Passionate Atmosphere at Fortress Fatpipes Megadome. Sadly it is for U19 fixures, but the closing line was interesting ..... Competitive match official rates will be played. Wheel of Fortune? Paper, Rock, Scissors? Lucky Dip from a Jamboree Bag? LMFAO. Link to comment Share on other sites More sharing options...
Danbert Posted 2 October, 2014 Share Posted 2 October, 2014 The guy is hilarious... https://www.youtube.com/watch?v=xB_4UkGzjA8 Link to comment Share on other sites More sharing options...
rallyboy Posted 2 October, 2014 Share Posted 2 October, 2014 Look into my eyes, now look at the swinging watch, that's it...no I don't know what happened to the big clock, that doesn't matter, look at the watch, you are tired, your eyelids feel very heavy, that's it...yes I can smell fat, ignore it, because you are sleepy, you are so tired....you are the sleepiest giant in world football, that's it...gently lie back, no, I'm not your brother, stop groping me, just go to sleep... Now when you wake up I will be gone with your cash but I'll leave you virtual a sheet of A4 in it's place and Avram will be trying to get your pants back on to you. Also you will have forgotten all of the debts, the criminality, the relegations, the ridiculous managerial appointments, the hero/villains, the tax evasion, the written off £130M, the pension fund theft, the harbourdome project, the ludicrous deluded claims, the half-empty ground, the illegal ownership, the false accounting, the underwater Mr Clive, the proposed signing of Eto and Maradona, the money-laundering, and the lenient attitude of the football authorities BUT....you will clearly remember winning a cup, winning at St Mary's and of course the famous dock strike. And when you come round from this deep sleep, these three things alone will be the only things you will accept as fact. You will also believe that you own a share of some sort. Link to comment Share on other sites More sharing options...
andysstuff Posted 2 October, 2014 Share Posted 2 October, 2014 Look into my eyes, now look at the swinging watch, that's it...no I don't know what happened to the big clock, that doesn't matter, look at the watch, you are tired, your eyelids feel very heavy, that's it...yes I can smell fat, ignore it, because you are sleepy, you are so tired....you are the sleepiest giant in world football, that's it...gently lie back, no, I'm not your brother, stop groping me, just go to sleep... Now when you wake up I will be gone with your cash but I'll leave you virtual a sheet of A4 in it's place and Avram will be trying to get your pants back on to you. Also you will have forgotten all of the debts, the criminality, the relegations, the ridiculous managerial appointments, the hero/villains, the tax evasion, the written off £130M, the pension fund theft, the harbourdome project, the ludicrous deluded claims, the half-empty ground, the illegal ownership, the false accounting, the underwater Mr Clive, the proposed signing of Eto and Maradona, the money-laundering, and the lenient attitude of the football authorities BUT....you will clearly remember winning a cup, winning at St Mary's and of course the famous dock strike. And when you come round from this deep sleep, these three things alone will be the only things you will accept as fact. You will also believe that you own a share of some sort. Classic RB at his absolute best. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 2 October, 2014 Share Posted 2 October, 2014 C'mon Rallyboy - make something out of this... http://www.portsmouthfc.co.uk/news/article/hypnotist-night-at-fratton-park-1983193.aspx? As Stage Hypnosis relies on people willingly acceptable to suggestion or happy to comply to instructions, I don't think they will be short on volunteers! Link to comment Share on other sites More sharing options...
Danbert Posted 2 October, 2014 Share Posted 2 October, 2014 Look into my eyes, now look at the swinging watch, that's it...no I don't know what happened to the big clock, that doesn't matter, look at the watch, you are tired, your eyelids feel very heavy, that's it...yes I can smell fat, ignore it, because you are sleepy, you are so tired....you are the sleepiest giant in world football, that's it...gently lie back, no, I'm not your brother, stop groping me, just go to sleep... Now when you wake up I will be gone with your cash but I'll leave you virtual a sheet of A4 in it's place and Avram will be trying to get your pants back on to you. Also you will have forgotten all of the debts, the criminality, the relegations, the ridiculous managerial appointments, the hero/villains, the tax evasion, the written off £130M, the pension fund theft, the harbourdome project, the ludicrous deluded claims, the half-empty ground, the illegal ownership, the false accounting, the underwater Mr Clive, the proposed signing of Eto and Maradona, the money-laundering, and the lenient attitude of the football authorities BUT....you will clearly remember winning a cup, winning at St Mary's and of course the famous dock strike. And when you come round from this deep sleep, these three things alone will be the only things you will accept as fact. You will also believe that you own a share of some sort. Lol - that's the stuff Link to comment Share on other sites More sharing options...
warsash saint Posted 2 October, 2014 Share Posted 2 October, 2014 the underwater Mr Clive. Genuine LOL Link to comment Share on other sites More sharing options...
Sevvy Posted 2 October, 2014 Share Posted 2 October, 2014 Look into my eyes, now look at the swinging watch, that's it...no I don't know what happened to the big clock, that doesn't matter, look at the watch, you are tired, your eyelids feel very heavy, that's it...yes I can smell fat, ignore it, because you are sleepy, you are so tired....you are the sleepiest giant in world football, that's it...gently lie back, no, I'm not your brother, stop groping me, just go to sleep... Now when you wake up I will be gone with your cash but I'll leave you virtual a sheet of A4 in it's place and Avram will be trying to get your pants back on to you. Also you will have forgotten all of the debts, the criminality, the relegations, the ridiculous managerial appointments, the hero/villains, the tax evasion, the written off £130M, the pension fund theft, the harbourdome project, the ludicrous deluded claims, the half-empty ground, the illegal ownership, the false accounting, the underwater Mr Clive, the proposed signing of Eto and Maradona, the money-laundering, and the lenient attitude of the football authorities BUT....you will clearly remember winning a cup, winning at St Mary's and of course the famous dock strike. And when you come round from this deep sleep, these three things alone will be the only things you will accept as fact. You will also believe that you own a share of some sort. As usual RB, brilliant Link to comment Share on other sites More sharing options...
The9 Posted 2 October, 2014 Share Posted 2 October, 2014 I'm finding it difficult to keep up with all this: 1) They were spouting off about being them being "debt free" on the day of the takeover, despite the legacy payments due to ex-players. So either they were then, or they are now, but it can't be both. 2) Didn't a lot of people on here work out the fan share was down to about 25% ages ago due to added HNW investment? What happened to that? Does the "fans who are HNW" bit up the percentage? Link to comment Share on other sites More sharing options...
SarniaSaint Posted 3 October, 2014 Share Posted 3 October, 2014 Hey guys it's all smoke and mirrors for the gullible trust members you ponied up the grand. PFC is owned by the HNW and the property developer who is the biggest HNW individual. The "Trust" have been done over.... but hey thanks for keeping us going so until we could complete the takeover. And BTW there is no way they can ever be debt free all they done was pay what chin guy wanted to STF. Plenty more to come for the thread. Link to comment Share on other sites More sharing options...
Danbert Posted 3 October, 2014 Share Posted 3 October, 2014 http://www.chichester.co.uk/sport/pompey-latest/catlin-makes-pompey-transfer-pledge-1-6331860 ‘We will not take a hire purchase approach again. ‘We have applied sound business practices and got to this position financially by running a very tight ship. ‘It is not our intention to start leaking water again. ‘This is not like people buying a car before they can afford it.’ Just struck me as funny given that their sponsored by the spiv car finance company. Link to comment Share on other sites More sharing options...
Danbert Posted 3 October, 2014 Share Posted 3 October, 2014 I don't know whether to laugh or cry... http://www.portsmouth.co.uk/sport/pompey/pompey-aren-t-only-club-at-heart-of-city-1-6331679 Link to comment Share on other sites More sharing options...
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