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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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$$$

$$$

Posted
Posted
More importantly, if the PL feel the need to without transfer cash, why the hell did they allow PFC to trade during the window. makes me sick.

 

Think these particular debts to Watford and Chelsea only became due at the end of January. Embargo was lifted last week because at that particular moment, there were none (mainly because they renegotiated some and the TV money) and PL need to play it by the book. Wonder how much they will actually get from Spurs when you consider past transfer debts owed to them and the sell on for Kaboul

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JustMike

JustMike

Posted
Posted
Another what have I missed post!...

 

last I heard from sky at lunchtime

 

1) now over due on £9m owed to Sasha

2) Sasha unlikely to enforce the debt as he has too much to lose if they go into admin

3) players still not paid

4) Heiderson saying they have not been told a word about late payment and its not good enough.

 

Missed anything? Hopefully!

 

council refuse to help by way of a loan

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Jimmy Gabriel's Halo

Jimmy Gabriel's Halo

Posted
Posted
I appreciate you taking the time to explain in detail your thought, It's all correct, most intelligent Pompey fans could and would be writing exactly the sam thing. Most Pompey fans have a distrust for Storrie (Always have) and would (i'm sure) agree with virtually all you've written. Tha race of the people involved now at Pompey is irrelevant (I know some don't see it that way, but we all ignore them don't we?) ruthless people are at work and it has little if nothing to do with the fans of PFC, who regardless of mosts people on here's (in some cases) justified low opinion of them, are guilty of nothing other than wanting to see their side do well, Pompey aren't a club of middle class, well educated, financially literate supporters, indeed are Saints? so why the hell would they be bothered or even aware of how poorly their club was being run?

 

Yes, actually. I'll have you know I'm a High Court Judge.

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Winchester Red

Winchester Red

Posted
Posted

Question for our fishy friends:

 

When does debt become too much debt?

 

Answer (in case you just can't work it out!)

 

When you have to borrow from Criminals because legit sources won't touch you with a barge pole.

 

....and there is the difference between you and every other team

 

Simples (and bye bye)

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dubai_phil

dubai_phil

Posted
Posted

 

Everything seems to be directed at the Arabs and I do feel a bit of sympathy with SAF (maybe not so much Al-Mirage.)

 

I think Al-Fahim probably came into the club with good, honest intentions but the situation simply was not repairable. And Storrie-teller continually beats him with the 'if we'd got there 6 weeks earlier' stick then none of this would have happened.

 

...

 

That was a great post CL.

 

The only point I would nudge back on is the roll of Al Fahim. Some are playing him as the "unfortunate" in all of this.

 

He first came to prominence when he "brokered" the Man City deal. That deal involved a very professional lady by the name of Amanda Staveley (who allegedly had access to an incredibly helpful address book from an "ex" boyfriend of high standing).

 

Whether Amanda used him to get to Sheikh Khalifa or vice vera, SBT was a middle man who set himself up (for about a week) as the "Big Man"

 

In the case of the botched takeover, EVERY sensor down here screams the same allegation allegedly. Which is that SBT was a middle man again.

 

The ONLY description of what happened to SBT that I can give you guys is to think of whacko and Bournemouth. He thought it was all done, he talked to the press and whoosh, the backers walked out on him. The DIFFERENCE was that the PL smelt a huge rat with regard to SBT's backer whereas whacko just "made it all up" (in forum folklore)

 

The MINUTE that SBT got rumbled he tried to switch to his mysterious Swiss investment fund, that was so transparent even I saw through it let alone the PL. SBT still thought he could take the deal to someone down here who looked to publicly buy two clubs in the past year or so, only to find out what I (and any other REAL businessman down here) could have told him which was that the "boys at the top couldn't play" any longer.

 

So, he should NEVER be regarded as an innocent victim, in fact much of this mess is BECAUSE he botched this up.

 

A lot of my anger and bitter postings (bile as our few friends called it) is because he has brought this place into disrepute.

 

I'm pretty sure others "up there" down here (so to speak) think the same way of him

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Dark Munster

Dark Munster

Posted
Posted
I think maybe you're missing the point here. The thing that really gets me (and others on here, I think) when reading through some of the rants and moans on the Pompey forums is that so many of them are hurling their anger and abuse at entirely the wrong people. Every now and then somebody points the finger at Storrie, Gaydamak and/or 'Arry, but for the most part it's the current owners (and often then, it seems, as much because of their ethnicity as anything else) or the Premier League and the FA.

 

Comments such as "How could the PL allow us to sign players on such huge wages?", the like of which I've read many times recently, indicate a stubborn refusal to accept that the only ones to blame for Pompey's current parlous state are those who've been running things there for the past few years. How would these same posters have reacted if the PL or FA had prevented Pompey from signing Campbell, Crouch, Defoe or other high-earning players? Those same posters complained loud and long about the transfer embargo (and even the current status of loans and frees only), apparently with not a thought to the fact that the club is unable to pay even the current wage bill.

 

Regarding your points about Saints' spending a few seasons ago: yes, we did spend out in an attempt to get back to the Premier League, and came close to getting there. Our problems stemmed from a failure to deal with the consequences of that failure. And the sheer level of overspending here was as nothing compared to that at Fratton Park. Quantitative rather than qualitative, I grant you, but a big difference nonetheless.

 

And to add to that, we didn't launder and spend blood money to avoid relegation, as well as buy the FA cup. P****y are now so morally corrupt as a club that they would willingly take money from Kim Jong-il if they had the chance.

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for_heaven's_Saint

for_heaven's_Saint

Posted
Posted
Good news for the Skates: http://www.rs.goal.com/en/news/1138/africans-in-europe/2010/02/02/1772954/birmingham-city-back-out-of-deal-with-lens-for-portsmouths-aruna-

 

Considering their predicament, buying himself out of his current contract is very :-o

 

If he was going to buy himself out of his contract anyway, why didn't he just do that before and go to Birmingham on a free?

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gaz

gaz

Posted
Posted
And to add to that, we didn't launder and spend blood money to avoid relegation, as well as buy the FA cup. P****y are now so morally corrupt as a club that they would willingly take money from Kim Jong-il if they had the chance.

 

After the Gaddafi Jr link, don't give them ideas! :rolleyes:

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Fowllyd

Fowllyd

Posted
Posted
Good news for the Skates: http://www.rs.goal.com/en/news/1138/africans-in-europe/2010/02/02/1772954/birmingham-city-back-out-of-deal-with-lens-for-portsmouths-aruna-

 

Considering their predicament, buying himself out of his current contract is very :-o

 

Is it just me, or does this bit:

 

"Birmingham’s proposed €3 million, accepted by Dindane’s current club Portsmouth, was rejected by his parent club FC Lens, who demanded €4m."

make no sense at all. After all, he's an FC Lens player, on loan to Pompey. What Birmingham pay for him has nothing to do with Pompey, as he's not their player.

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Gemmel

Gemmel

Posted
Posted
Is it just me, or does this bit:

 

"Birmingham’s proposed €3 million, accepted by Dindane’s current club Portsmouth, was rejected by his parent club FC Lens, who demanded €4m."

 

make no sense at all. After all, he's an FC Lens player, on loan to Pompey. What Birmingham pay for him has nothing to do with Pompey, as he's not their player.

 

pompey were / are / sometimes, paying his wages and also paid a loan fee with an agreement in place to purchase. They would had to have agreed the deal as well as Lens....complicated but from my understanding, correct.

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Fowllyd

Fowllyd

Posted
Posted
pompey were / are / sometimes, paying his wages and also paid a loan fee with an agreement in place to purchase. They would had to have agreed the deal as well as Lens....complicated but from my understanding, correct.

 

OK, thanks - it does make sense then! Still seems odd, but there you go.

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Guest Dark Sotonic Mills

Guest Dark Sotonic Mills

Posted
Posted
Is it just me, or does this bit:

 

"Birmingham’s proposed €3 million, accepted by Dindane’s current club Portsmouth, was rejected by his parent club FC Lens, who demanded €4m."

 

make no sense at all. After all, he's an FC Lens player, on loan to Pompey. What Birmingham pay for him has nothing to do with Pompey, as he's not their player.

 

Since when has not owning something stopped someone from Portsmouth selling it?

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sidthesquid

sidthesquid

Posted
Posted

I'm sure you (and many others) did have reservations when Saints bet the house, many Pompey fans did (2 years ago) too, but again (and i'm not going to labour this point as I'm probably wasting my time and i'm boring myself now) the majority of fans DON'T worry about tomorrow. If you want to pretend that MOST Saints fans would be horrified had you spent 10M this transfer window, then OK fine.

 

:D

 

Actually very many of us were concerned but it hardly felt like we were betting the house - it was only afterwards when we saw the bonkers salaries that the likes of Euell were on that we realised

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Under Weststand

Under Weststand

Posted
Posted
This is a key momment for the club if this is true.

 

Because from all accounts it sounded like they needed that £3m-£4m to pay the wages. They had no other measure in place if those deals did not go through. If they had not sold them then the club would most likely today have gone into admin due to not having the funds to pay the wages.

 

IF and that is a big if, the PL are not letting them have the money due to debts then that in itself shows the PL do not think if they released the money it would go to pay the debt, they would use it elsewhere.

 

Which is further proof showing the PL helping the club, not helping the owners.

 

If they release the funds and pay the wages then they will continue to operate. If they don't and the money goes to pay another club owed money then they have to get the money to pay the wages in fast.

 

With no gurantee that any of the transfer money will be coming their way i cannot see a bank giving them another short term loan.

 

Which brings us back again to the problem they have. They need someone with money to put it into the club from their own pocket and accept the loss.

 

That looks more and more likely to not be happening.

 

So if that des turn out to be true and they cannot pay the wages due to the PL not releasing the funds, it really is game over.

 

Yet despite all this they are still allowed to bring players in as free agents, Heard them talking on Sky earlier about them bringing Rocha from Standard liege & someone they missed from the Bundasliga on loan, but has begged his club to release him & become a free agent. Not sure on the name.

Its beyond a farce, They are insolvent & trading illegally, they have still not paid the wages, yet are still being allowed to bring in more players to not be paid. The EPL are bringing the whole game into disrepute!

Surely if somehow(don't quite know how)they keep going till the end of the season, & stay up. If I was one of the relegated teams I'd be suing the EPL for allowing what is blatant cheating being sponsored by the EPL in a vain effort to protect their ever increasingly fraudulent product.

The EPL are extracting the urine, out of every other club in the country at the moment. Shame on them & shame on Storrie Teller & the rest of the pathetic bunch of Shysters!

Get the vets in (HMRC 10th Feb) & put them out of their misery!

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Chin Strain

Chin Strain

Posted
Posted
I do not understand why these fans are going to protest against the PL. Are they really that dumb?

 

That is like saying you are going to protest against the bank who gave you a loan because they want their money back.

 

 

Marco, slightly off topic, but that's exactly what appears to have been happening over the course of the last 18 months. It's all the banks fault that everyone got into a pile of debt and borrowed too much to live an aspirational lifestyle. Whether it's greed on the property market or using equity to buy a flash new car, it was all the banks fault. No such thing as personal responsibility to live within your means. Same as Pompey really.

 

The problem is, the culture we seem to have in this country is to always look to blame someone else. Sometime you have to stand up and say 'it's my fault'.

 

Rant over!

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bridge too far

bridge too far

Posted
Posted
Yet despite all this they are still allowed to bring players in as free agents, Heard them talking on Sky earlier about them bringing Rocha from Standard liege & someone they missed from the Bundasliga on loan, but has begged his club to release him & become a free agent. Not sure on the name.

Its beyond a farce, They are insolvent & trading illegally, they have still not paid the wages, yet are still being allowed to bring in more players to not be paid. The EPL are bringing the whole game into disrepute!

Surely if somehow(don't quite know how)they keep going till the end of the season, & stay up. If I was one of the relegated teams I'd be suing the EPL for allowing what is blatant cheating being sponsored by the EPL in a vain effort to protect their ever increasingly fraudulent product.

The EPL are extracting the urine, out of every other club in the country at the moment. Shame on them & shame on Storrie Teller & the rest of the pathetic bunch of Shysters!

Get the vets in (HMRC 10th Feb) & put them out of their misery!

 

Whose responsibility is it to police the financial (ir)regularities of privately owned companies?

 

Why aren't they doing so?

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ringwood

ringwood

Posted
Posted
Whose responsibility is it to police the financial (ir)regularities of privately owned companies?

 

Why aren't they doing so?

 

try this lot

 

Secretary of State for the Department for Business, Innovation and Skills, they can do it on the grounds of public interest, following an investigation into the Company by Companies Investigation Branch of the Insolvency Service

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sidthesquid

sidthesquid

Posted
Posted
I think some of them smell something fishy!!!!!...they are beging to catch on.

 

 

http://www.fansonline.net/portsmouth/mb/view.php?id=229760

 

I still think Gaydamak is up to his neck in this somewhere. I also wonder if Al-Faraj REALLY does exist. All we have is a grainy picture of a man in a scarf and an alleged brother. How easy would it be rustle up a bit of dodgy paperwork and no-one would be any the wiser. A shell company in BVI actually owns Pompey - how does anyone know who owns that.

My own little delusion of amusement is that the Gaydamaks really are all behind all of this and step in at the last moment and 'buy' the club for pennies have shat all over the creditors, and then, just as we all begin to despair the Premier League finally find some cojones and refuse to let little Sacha re-own the club as he fails the newly stringent Fit and Proper Persons test, thereby condemning the skatey ones to their deserved fate.

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Gemmel

Gemmel

Posted
Posted
We all ought to fill in the form on this webpage and send it off to this department :D

 

They'd have to look at PFC if they got enough complaints!

 

I posted this one yesterday, on the face of it the powers that be will be stuck for choice.

 

http://www.out-law.com/page-8250

 

I'm going to make a prediction that Peter Storyteller, gets nicked over this lot.

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Fitzhugh Fella

Fitzhugh Fella

Posted
  • Author
Posted

I wonder if PFC fans would now accept wiping the FA Cup win of 2008 from their honours board in exchange for solvency. The lifting of that Cup was under massive false premises and no one can have any pride in that achievement and football in general should expunge it and award the Cup to Cardiff.

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PES

PES

Posted
Posted
Question for our fishy friends:

 

When does debt become too much debt?

 

Answer (in case you just can't work it out!)

 

When you have to borrow from Criminals because legit sources won't touch you with a barge pole.

 

....and there is the difference between you and every other team

 

Simples (and bye bye)

 

What a rubbish post. Boooooooooooooooo

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benjii

benjii

Posted
Posted

Not sure why people bang on about the cup. They beat the likes of Preston, WBA and Cardiff to win it (and only scraped through against them). Any Prem or decent CCC team could have done that. The only difficult match they had was Man U and they won that through massive luck not through overspending.

 

They did not buy the cup. They bought 8th place. :lol:

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PES

PES

Posted
Posted
Actually very many of us were concerned but it hardly felt like we were betting the house - it was only afterwards when we saw the bonkers salaries that the likes of Euell were on that we realised

 

Thanks for your honesty Sid. I guess were all wise after the event. :(

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PES

PES

Posted
Posted
I wonder if PFC fans would now accept wiping the FA Cup win of 2008 from their honours board in exchange for solvency. The lifting of that Cup was under massive false premises and no one can have any pride in that achievement and football in general should expunge it and award the Cup to Cardiff.

 

I would say Cardiff are guilty of exactly the same thing.

 

Hey WTF are you doing MLG?!? Don't let a bit of honest realism and perspective get in the way of a spot of Pompey bashing! :D

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PES

PES

Posted
Posted
Not sure why people bang on about the cup. They beat the likes of Preston, WBA and Cardiff to win it (and only scraped through against them). Any Prem or decent CCC team could have done that. The only difficult match they had was Man U and they won that through massive luck not through overspending.

 

They did not buy the cup. They bought 8th place. :lol:

 

This is true, we had a cup run nearly as easy as yours in 2003. 2010 looks like it's going to be even easier. ;)

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