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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
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Saint_John

Saint_John

Posted
Posted

It is interesting that the only other time I have heard about a South African consortium buying a Football Club was about 15 months ago.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/portsmouth/3439882/Tony-Adams-afraid-of-the-sack-if-Portsmouth-sold-Football.html

 

"South African tycoon Greg James, chief executive of Central Rand Gold, one of South Africa's leading gold mining companies, was believed to be in talks about buying the club".

 

or http://www.timesonline.co.uk/tol/sport/football/premier_league/portsmouth/article5134440.ece

 

And then there is nothing for over a year, no other interest in any other club, which MOST PEOPLE think would give BETTER value for money.

 

I stand by what i wrote on Friday http://www.saintsweb.co.uk/forum/showthread.php?p=619289#post619289

 

IMO "Daddy" name will be linked somewhere, the land around Farton Dump just does not make the deal work.

Saint dyer

Saint dyer

Posted
Posted

are they dead yet? does anyone know what will happen if they get saved....then relegated...can they still get done by the football league for financial irregularities or would the slate get wiped clean? COYR

Foxstone

Foxstone

Posted
Posted
It is interesting that the only other time I have heard about a South African consortium buying a Football Club was about 15 months ago.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/portsmouth/3439882/Tony-Adams-afraid-of-the-sack-if-Portsmouth-sold-Football.html

 

"South African tycoon Greg James, chief executive of Central Rand Gold, one of South Africa's leading gold mining companies, was believed to be in talks about buying the club".

 

or http://www.timesonline.co.uk/tol/sport/football/premier_league/portsmouth/article5134440.ece

 

And then there is nothing for over a year, no other interest in any other club, which MOST PEOPLE think would give BETTER value for money.

 

I stand by what i wrote on Friday http://www.saintsweb.co.uk/forum/showthread.php?p=619289#post619289

 

IMO "Daddy" name will be linked somewhere, the land around Farton Dump just does not make the deal work.

 

With apologies to Eddie Grant !

 

"Give me hope Johanna till the morning comes".... :D

tony13579

tony13579

Posted
Posted (edited)
Silver Mercedes (CLS?) - reg HV59 GRF - if you see it honk your horn and throw some money out of the window and watch Storrie teller stop his car to pick it up :)

 

Manufacturer: MERCEDES-BENZ Colour: Silver

Model: E350 BLUEF-CY SPORT CDI A Engine Size (cc): 2987

Type: Standard Car

 

Doors: 4

Model Year (YYYY): 20090000

Date of 1st Registration (DD/MM/YYYY): 20090909

Vehicle Registration Mark: **59 *** Get the Vehicle Status Report

Number of Previous Owners: 0

Transmission: --

Fuel: Diesel

 

VALUE £33k- £42k

Edited by tony13579
Channon's Sideburns

Channon's Sideburns

Posted
Posted
Manufacturer: MERCEDES-BENZ Colour: Silver

Model: E350 BLUEF-CY SPORT CDI A Engine Size (cc): 2987

Type: Standard Car

 

Doors: 4

Model Year (YYYY): 20090000

Date of 1st Registration (DD/MM/YYYY): 20090909

Vehicle Registration Mark: **59 *** Get the Vehicle Status Report

Number of Previous Owners: 0

Transmission: --

Fuel: Diesel

 

---

 

3 Litre Diesel?

 

I bet his fuel claims must be huge.... :-D

tony13579

tony13579

Posted
Posted

Chainrai makes Pompey promise

Portsmouth, 10:28, February 22, 2010

 

Portsmouth chairman Balram Chainrai has promised to find a way to save the club even if he can't find a new owner.

 

Pompey have just a few weeks to find a way of avoiding a winding up order from the HM Revenue and Customs over an unpaid tax bill.

 

Chainrai, who took charge at Fratton Park at the beginning of the month, has promised the club's fans he will save Pompey from going out of business.

 

Spokesman Phil Hall said: "He absolutely pledges that he will not do business unless people have the funds and, if he can't find investment, he will find a way of saving the club himself,

 

"He will bring his business contacts into play and he says categorically the club will not close and its history will continue into the future."

http://www.clubcall.com/portsmouth/chainrai-makes-pompey-promise-1027165.html

redkeith

redkeith

Posted
Posted

I see that Phil Hall has been chosen as Chinrai's mouthpiece.

 

Hall was employed by the Skates when Harry returned as their media relations man and was reported to have put preasure on his former Fleet Street chums to kill any stories that would hurt the Skates (Harry ... Storrie ... Brown Envelopes ... Agents ... Gaydmark Familly etc )

Weston Super Saint

Weston Super Saint

Posted
Posted
one of Stories buyers.....

"Portsmouth director of communications Gary Double said: "This is news to the club. We have not been informed of Sulaiman's intention to resign from the board. Last week he was reported to be interested in buying the club again. It is something of a surprise."

http://www.google.com/hostednews/ukpress/article/ALeqM5g3Kse8GhFWNYT4FxXV7K5eFJcsOQ

 

Perhaps someone can email them the link to this thread?

 

They clearly don't do a great deal of work in that office, as there has been at least 3 links to an Arabian news site where SAF states he is taking advice on whether to invest more in the company or do a runner as fast as possible and ditch his shares.

 

What comes as a surprise to them comes as old news to us, but it's been that way since the beginning of this thread :)

warsash saint

warsash saint

Posted
Posted
I see that Phil Hall has been chosen as Chinrai's mouthpiece.

 

Hall was employed by the Skates when Harry returned as their media relations man and was reported to have put preasure on his former Fleet Street chums to kill any stories that would hurt the Skates (Harry ... Storrie ... Brown Envelopes ... Agents ... Gaydmark Familly etc )

 

Yeah, former NOTW editor so must have plently of contacts to ensure 'the truth' gets out

Weston Super Saint

Weston Super Saint

Posted
Posted
Chainrai makes Pompey promise

Portsmouth, 10:28, February 22, 2010

 

Portsmouth chairman Balram Chainrai has promised to find a way to save the club even if he can't find a new owner.

 

Pompey have just a few weeks to find a way of avoiding a winding up order from the HM Revenue and Customs over an unpaid tax bill.

 

Chainrai, who took charge at Fratton Park at the beginning of the month, has promised the club's fans he will save Pompey from going out of business.

 

Spokesman Phil Hall said: "He absolutely pledges that he will not do business unless people have the funds and, if he can't find investment, he will find a way of saving the club himself,

 

"He will bring his business contacts into play and he says categorically the club will not close and its history will continue into the future."

http://www.clubcall.com/portsmouth/chainrai-makes-pompey-promise-1027165.html

 

He also says that the club have a few weeks to find a way of avoiding the winding up order, when in fact they have only 4 and a half working days :D

JackFrost

JackFrost

Posted
Posted
He also says that the club have a few weeks to find a way of avoiding the winding up order, when in fact they have only 4 and a half working days :D

 

You beat me to it with regards to pointing that minor detail out ;)

Gorgiesaint

Gorgiesaint

Posted
Posted

There was an interesting comment in the Times report that btw posted earlier

 

http://www.timesonline.co.uk/tol/sport/football/premier_league/article7035570.ece

 

Chainrai has taken over the freehold of Fratton Park in exchange for writing off £10 million of the debt, although he stands to get back more by leasing the ground back to the club at an annual rent of £1 million and could make a bigger profit if the club go out of business.

 

Has someone finally twigged what the endgame will be?

Foxstone

Foxstone

Posted
Posted
one of Stories buyers.....

"Portsmouth director of communications Gary Double said: "This is news to the club. We have not been informed of Sulaiman's intention to resign from the board. Last week he was reported to be interested in buying the club again. It is something of a surprise."

http://www.google.com/hostednews/ukpress/article/ALeqM5g3Kse8GhFWNYT4FxXV7K5eFJcsOQ

 

 

Oh Well !

 

One of Storries 5 interested parties has left the field ! :D

S-Clarke

S-Clarke

Posted
Posted
http://www.arabianbusiness.com/interstitial.php?wURI=http%3A%2F%2Fwww.arabianbusiness.com%2Fblogs%2Fimages%2F2010%2F02%2Falfahim-letter.pdf&wAd=206720516&wTime=60000

 

Resignation letter. Playing the 'don't sue me, no one told me anything, and if they did I could not check it' card

 

he's jumping ship, clearly doesn't want to be known to be involved with them anymore - which seems to have been initiated by reading the SOA (which i guess actually does demonstrate that they are insolvent)

 

Skates seem to think this is a good thing, as it means the takeover will now go through....not sure i get their logic, if anything this sounds more alarm bells as to the future of this club.

gaz

gaz

Posted
Posted

Why would the rest of the board try to keep the financial details away from Al Fahim? Were they scared he'd run to the press?

dubai_phil

dubai_phil

Posted
Posted

Oops. Oh dear oh dear oh dear. :D

 

I almost feel sorry for him. ](*,)

 

This will be funny, shame I have to run out again but stay tuned

 

 

 

And on a separate note = I've been saying this for ages.....

 

There was an interesting comment in the Times report that btw posted earlier

 

http://www.timesonline.co.uk/tol/sport/football/premier_league/article7035570.ece

 

Chainrai has taken over the freehold of Fratton Park in exchange for writing off £10 million of the debt, although he stands to get back more by leasing the ground back to the club at an annual rent of £1 million and could make a bigger profit if the club go out of business.

 

Has someone finally twigged what the endgame will be?

Chez

Chez

Posted
Posted (edited)
A fully built 100,000 sq ft supermarket would cost £20m tops. Buts thats not what they have, They only have the land.

 

 

Plus a quick look sees that Tesco , Asda and Sainsburys already have stores in the area.

 

There is already an Aldi. However, there is only a mini Tesco (on Goldsmith avenue) down that neck of the woods. Fratton Park itself can not be knocked down and replaced by a supermarket. It must be used for recreational use. The land next to it (car park etc) is a different matter. I'm not sure if that land adds up to 100,000 sq ft though.

Edited by Chez
JackFrost

JackFrost

Posted
Posted
Oops. Oh dear oh dear oh dear. :D

 

I almost feel sorry for him. ](*,)

 

This will be funny, shame I have to run out again but stay tuned

 

 

 

And on a separate note = I've been saying this for ages.....

 

Quote:

Originally Posted by Gorgiesaint

There was an interesting comment in the Times report that btw posted earlier

 

http://www.timesonline.co.uk/tol/spo...cle7035570.ece

 

Chainrai has taken over the freehold of Fratton Park in exchange for writing off £10 million of the debt, although he stands to get back more by leasing the ground back to the club at an annual rent of £1 million and could make a bigger profit if the club go out of business.

 

Has someone finally twigged what the endgame will be?

 

I don't think Chainrai is the only one either . . . .

Gemmel

Gemmel

Posted
Posted

As someone who was not a fan of lowes, he always seemed to negociate good contracts for the club. Certainly not wishing him back, but appreciate him a bit more now, when compared to the storrie teller

sussexsaint

sussexsaint

Posted
Posted

Hmm thats funny, on the day we were taken over I'm prety sure there was a lot being mentioned about comings and goings at St Maries. Ladies with nice tanned legs in mercedes - that sort of thing.

 

Certainly not tumbleweed being caught in the barbed wire anyway :D

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