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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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Gemmel

Gemmel

Posted
Posted
In major news for complete idiots who are growing tired of simply burning their money, there is a "possibility Pompey could invite new investment in the near future".

 

http://www.portsmouth.co.uk/sport/football/pompey/pompey-trust-new-investment-in-club-a-possibility-1-7587403?

 

Tablecloth, beer belly, and goatee fetishists may also find this of interest.

 

 

Well, well, well, that took longer than I expected..... but was always going to happen.

 

Couple of snippets

 

And the Blues’ board are presently calculating an asking price for attracting any additional financial presence :lol:

 

The document contains Simon Colebrook’s treasurer’s report, detailing net current assets presently sitting at £53,818 in the Trust’s bank account :scared: :scared: :scared: :scared:.....someone better their arses in gear and get this new investment.... QUICK

 

‘This revaluation will be carried out specifically to ensure that any new investment pays a fair price that reflects the success of the club in removing debt and enhancing the assets of the club.....OK stop already It's the middle of the working week and I have work to do - But that's just too funny.

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buctootim

buctootim

Posted
Posted (edited)
In major news for complete idiots who are growing tired of simply burning their money, there is a "possibility Pompey could invite new investment in the near future".

 

http://www.portsmouth.co.uk/sport/football/pompey/pompey-trust-new-investment-in-club-a-possibility-1-7587403?

 

So if the club sell a 50% stake by issuing new shares then the Trust's shareholding will drop to 24.2%. Its gonna be tricky to keep that fan owned claim up.

Edited by buctootim
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Weston Super Saint

Weston Super Saint

Posted
Posted

 

The document contains Simon Colebrook’s treasurer’s report, detailing net current assets presently sitting at £53,818 in the Trust’s bank account :scared: :scared: :scared: :scared:.....someone better their arses in gear and get this new investment.... QUICK

 

To be fair, the 'Trust's' bank account is not the same as the 'club's' bank account, but with £53k in it, you'd think they could afford a new table cloth or even an iron.

 

I'm sure though that any potential 'investor' in the club who doesn't meet the rigorous and high standards set by the trust will have his / her investment vetoed. Oh wait, no, with a mere 48% of the shares they're not in a position to do that are they :D

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trousers

trousers

Posted
Posted
In major news for complete idiots who are growing tired of simply burning their money, there is a "possibility Pompey could invite new investment in the near future".

 

http://www.portsmouth.co.uk/sport/football/pompey/pompey-trust-new-investment-in-club-a-possibility-1-7587403?

 

From the comments section...."FP76 1:41 PM on 21/09/2016 I am a share holder and would definitely vote for a new investment to come in !!!!"

 

:mcinnes:

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ALWAYS_SFC

ALWAYS_SFC

Posted
Posted

3:44 PM on 20/09/2016 With the potential to pull in big cowds the only way to progress is to build a 40,000 seater stadium. Further investment is a must like someone else said on here if we are to even compete seriously in the Championship.

 

Read more at: http://www.portsmouth.co.uk/sport/football/pompey/pompey-trust-new-investment-in-club-a-possibility-1-7587403?

 

Comedy genius :lol:

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TopGun

TopGun

Posted
Posted

BasingstokeBlue - Personally I wouldn't sell my share for less than £2k (100% increase) as that's what I think it's worth. I'd also want the buyer to GUARANTEE extending the stadium to at least 35k and build a new training ground. I want our club "future proofed" and the owner needs to have enough money to take MY share from MY club!

 

:mcinnes:

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andysstuff

andysstuff

Posted
Posted
BasingstokeBlue - Personally I wouldn't sell my share for less than £2k (100% increase) as that's what I think it's worth. I'd also want the buyer to GUARANTEE extending the stadium to at least 35k and build a new training ground. I want our club "future proofed" and the owner needs to have enough money to take MY share from MY club!

 

:mcinnes:

 

Who wants to break it to him?

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hutch

hutch

Posted
Posted
They still believe they own shares in the club? :o

But they do own shares in the Trust, which has, according to a quick read of the linked article, total net assets of around fifty grand. So I think there were about 2,500 lucky subscribers to the share offer meaning each one seems to be worth about £20 if they are lucky enough to find somebody willing to take it off their hands.

 

Im sure that will all be made clear to them at their forthcoming AGM.

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saint si

saint si

Posted
Posted
BasingstokeBlue - Personally I wouldn't sell my share for less than £2k (100% increase) as that's what I think it's worth. I'd also want the buyer to GUARANTEE extending the stadium to at least 35k and build a new training ground. I want our club "future proofed" and the owner needs to have enough money to take MY share from MY club!

 

:mcinnes:

 

• Community shares cannot be traded and they

cannot go up in value but may go down if the Club

incurs sustained losses.

 

Oh dear!

 

source: http://www.pompeytrust.com/userfiles/file/PST-JKP.pdf

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holepuncture

holepuncture

Posted
Posted
• Community shares cannot be traded and they

cannot go up in value but may go down if the Club

incurs sustained losses.

 

Oh dear!

 

source: http://www.pompeytrust.com/userfiles/file/PST-JKP.pdf

 

I think it would be helpful to post some of the additional points, for the benefit of the skate who thinks he is about to double his money:

 

• Community shares cannot be traded and they cannot go up in value but may go down if the Club incurs sustained losses.

 

• Our share offer is exempt from the Financial Services and Markets Act 2000 or subsidiary regulations; this means you have no right of complaint to an ombudsman. The money you pay for your shares is not safeguarded by any compensation; you could therefore lose some or all of the money you invest.

 

• A Community Benefit Society is registered with but not authorised by the Financial Conduct Authority and therefore the money you pay for your shares is not safeguarded by any depositor investment scheme or dispute resolution scheme.

 

• We hope in the future that should you want to, your share purchase can be withdrawn and your investment repaid. However, given the challenges the club faces we must be clear that withdrawals may never be possible and will certainly not be allowed in the first 3 years following the launch of the scheme. In addition, no more than 5% of the total

‘Community Share’ capital in PST can be withdrawn in any one year.

 

• After three years, requests to withdraw investments will be considered by the Board in the order of receipt in writing to the PST Secretary and only up to the maximum of 5% of the total share capital and only if PST can afford it.

 

:mcinnes:

 

PMSL

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moonraker

moonraker

Posted
Posted

It simple, they made a donation, nothing more, they aquired no rights from their donations and no title. No one will invest anything like they are dreaming of and therfore they have no chance because any thing less than an 8 figure sum will have no long term benfefit. Still its nice thay can dream. There would be more chance of getting a few million if they invested the trusts loose change in the Lotto.

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The9

The9

Posted
Posted (edited)
Well, well, well, that took longer than I expected..... but was always going to happen.

 

Couple of snippets

 

And the Blues’ board are presently calculating an asking price for attracting any additional financial presence :lol:

 

The document contains Simon Colebrook’s treasurer’s report, detailing net current assets presently sitting at £53,818 in the Trust’s bank account :scared: :scared: :scared: :scared:.....someone better their arses in gear and get this new investment.... QUICK

 

Christ, even Newport County's Trust have got more than that in the bank and they're skint.

Edited by The9
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Hatch

Hatch

Posted
Posted
BasingstokeBlue - Personally I wouldn't sell my share for less than £2k (100% increase) as that's what I think it's worth. I'd also want the buyer to GUARANTEE extending the stadium to at least 35k and build a new training ground. I want our club "future proofed" and the owner needs to have enough money to take MY share from MY club!

 

:mcinnes:

 

this is a parody surely !!

 

:mcinnes:

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The9

The9

Posted
Posted
So if the club sell a 50% stake by issuing new shares then the Trust's shareholding will drop to 24.2%. Its gonna be tricky to keep that fan owned claim up.

 

They'll just claim the investors are fans, just like they did with the HNWs. Even that one who's a property investor...

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The9

The9

Posted
Posted (edited)
BasingstokeBlue - Personally I wouldn't sell my share for less than £2k (100% increase) as that's what I think it's worth. I'd also want the buyer to GUARANTEE extending the stadium to at least 35k and build a new training ground. I want our club "future proofed" and the owner needs to have enough money to take MY share from MY club!

 

:mcinnes:

 

Lollery, your share is a share in the Trust matey, not in the club... and it'll effectively be worth absolutely nothing even in decision-making terms soon as the Trust has less than 50% control anyway.

 

Which is probably just as well given the half-witted ideas he has for a club which has no capital. The training ground bit isn't a bad idea, except, well, if they had the space there for a training ground they'd have the space for a new ground...

 

I'm still amused by the fact that when Portsmouth were in the Premier League their training facilities were exactly the same as my training facilities when playing for Southampton's University football team, and that basically consisted of "clean changing rooms and an astropitch" - though they did get to use the old cricket/hockey pitch too.

Edited by The9
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Doctoroncall

Doctoroncall

Posted
Posted
Christ, even Newport County have got more than that in the bank and they're skint.

 

Do Newport have a separate Trust? We don't know how much PFC have in the bank only the supporters group (trust).

 

It's a question of whether they kept the money in the bank in case supporters want to relinquish their membership and ask for the money back. Or use it to raise the holding in the club from the 48.5% they currently have.

 

Can the trust sell their holding in PFC?

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Waterside.saint

Waterside.saint

Posted
Posted
Do Newport have a separate Trust? We don't know how much PFC have in the bank only the supporters group (trust).

 

It's a question of whether they kept the money in the bank in case supporters want to relinquish their membership and ask for the money back. Or use it to raise the holding in the club from the 48.5% they currently have.

 

Can the trust sell their holding in PFC?

 

Percy:

Do not despair! For I have some small savings carefully harvested from my weekly allowance, set aside against my frail old age. By lucky haps, it is just over a thousand, methinks, and for years has been hidden beyond the wit of any thief, in an old sock...

 

Percy and Blackadder:

...under the squeaky floorboard...

 

Percy, Blackadder and Baldrick:

...behind the kitchen dresser.

 

Percy:

[smiles uneasily] You've seen it, then.

 

Blackadder:

Seen it, pinched it, spent it! And the same goes for the two farthings Baldrick thinks he's got hidden inside that mouldy potato.

 

Baldrick:

Oh, bloody hell!

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Ohio Saint

Ohio Saint

Posted
Posted

As much as I enjoy reading all those comedy articles in that.....shall we say newspaper website?.....................

 

 

 

 

 

its ****ing impossible! I'm trying to read it on an iPad! The merest hint of a touch on the screen, and I am transported through hyperspace to a kazillion ad sites that were hiding on the slow loading page like a ****ing bear trap!

that site is a ****ing disgrace! It left me scratching my ******** in anticipation of contracting a knob eating virus. And the URL of that heap of **** is the most prominent domain name for that entire ****ing city!

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trousers

trousers

Posted
Posted (edited)

Official Pompey twitter account in selective memory shocker...

 

LqcAje0C-zL4ZgSszNwK6axQ48asuOQKETu1545NENTzevfVVB359uBluVHfQnPA2zXHnsvabtSkiH-47JehonEDWRd1YfwFe-eZZy_DGH-362KcvBuptjQfUVjAYxMAgoHNZ4bONsI4or2-PUiMxcKal5Lq98c0T_r-aLF4wkgUgir5vdddnSytpO6XL2lppKF7SOpTZiLf-mViw-LFQKtS-RSwJc2wT7wpVT-ziuZZ3tEcrzFT8Xp6WzsRdOYQLcVJzZLfMSPLu1ojXeBRp49xSVzY75Hd_yR-Z3f57u7p4FNEFhyY7cZmSs4ZrIxSGj8QHa0VopqArPok8mNhC_3MSdPy_fTfvcgwcD6ZFJ2C-eZG5WrWGxhwf6QbsG0JiP12QUIl8mWp-_bPciBzPBF_TNNowPA8lyXaEbzbISYduM_hhfbE83JbLcfITLEbapY6JiPGoqMRrg4wLozaiVJbQYo6mKTyJ2hf1SvhoitAHOqQV6bC7-OcpKPqkpyNmlSMwyFMFAVFYyXOj2GG-lHX4BDqPU5ZO2kVlzMCPZSTt4kQF0Yuqa9xOZvDTVGZmqQf0WfK_wlpSpEYdYH-C8OpFhWjGgKyJ2We1L8veHQbgp5X_A=w609-h297-no

 

Good to see they still think digging out the David Norris goal video (yet again) is somehow an act of one-up-man-ship. That'll be the goal that got the previous Portsmouth Football Club a draw in the season where we got promoted and they got relegated. Yep, that'll be our noses well and truly rubbed in...

 

:mcinnes:

 

Thick as mince.

 

#tinpot

Edited by trousers
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The9

The9

Posted
Posted
Do Newport have a separate Trust? We don't know how much PFC have in the bank only the supporters group (trust).

 

It's a question of whether they kept the money in the bank in case supporters want to relinquish their membership and ask for the money back. Or use it to raise the holding in the club from the 48.5% they currently have.

 

Can the trust sell their holding in PFC?

 

Newport's Supporters Trust runs Newport County AFC as of around this time last year.

 

Portsmouth's T&Cs CLEARLY state that "withdrawals may never be possible and will certainly not be allowed in the first 3 years" (they're just about out of that period now)

 

The bit that "In addition, no more than 5% of the total ‘Community Share’ capital in PST can be withdrawn in any one year" might prove interesting if they all decide to bail at the same time, especially if there was a takeover coming and they all rush for a share of the pie that they don't actually own. Can't wait for that one... :D

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The9

The9

Posted
Posted
I see they're reporting that the clubs have decided not to accept any non-English clubs following the restructure in 2018/19. A bit harsh on Newport I thought.

 

It's ok, they'll just go back to pretending to be English again, it's a uniquely Newportonian trait. For instance, since the last Euros I am very definitely Welsh at the moment.

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Weston Super Saint

Weston Super Saint

Posted
Posted

 

The bit that "In addition, no more than 5% of the total ‘Community Share’ capital in PST can be withdrawn in any one year" might prove interesting if they all decide to bail at the same time, especially if there was a takeover coming and they all rush for a share of the pie that they don't actually own. Can't wait for that one... :D

 

I'm assuming that the 'community share' capital is the money that they 'gave' to the club however many years ago. Since there is absolutely no chance that the club will ever be repaying this generous 'donation' then it stands to reason that the 'community share' capital is currently a grand total of zero pounds. That, right there, is their get out clause if anyone asks for their money back....

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trousers

trousers

Posted
Posted
The bit that "In addition, no more than 5% of the total ‘Community Share’ capital in PST can be withdrawn in any one year" might prove interesting if they all decide to bail at the same time, especially if there was a takeover coming and they all rush for a share of the pie that they don't actually own. Can't wait for that one...

I'm assuming that the 'community share' capital is the money that they 'gave' to the club however many years ago. Since there is absolutely no chance that the club will ever be repaying this generous 'donation' then it stands to reason that the 'community share' capital is currently a grand total of zero pounds. That, right there, is their get out clause if anyone asks for their money back....

 

Smiley31-1.gif

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