Pompey Takeover Saga

[Panda]

"This has been the case for years, since the Mandaric era the lack of real premiership revenue from a 30000+ seater has been highlighted. We as fans have sat through enough bull now from future prospective buyers. Unless Fratton Park is moved or increased, we will never be a true Premier club. It's a shame when moves have been made, our two bit council have made life increasingly difficult. Now they are very quiet on the matter..."

 

Who else can we blame for the mess down the road? Oh yes, its the Council's fault of course!

[StD]

Chainrai's spokesman on SSN just now... Storrie apparently talking to three seperate parties. He's cautiously optimistic of a deal being done - liquation not an option. He's not divulging much, doesn't sound like he knows much either.

 

Time is the enemy (suprise suprise - please let us have more time).

 

Nothing new really...

[stevegrant]

I loved the bit where the spokesman said something like "well we've got until Monday, so it's likely to be nearer the weekend when we know more" and Jim White said "well, Phil, it all sounds very exciting".

 

"Exciting" wouldn't be the word I'd use in that situation, to be fair!

[EBS1980]

I just don't understand why any businessman would buy Pompey now and take on £60-£70M plus of debt when they could buy them next week when they are more than likely be in administration and get themselves a better deal?

[CB Saint]

Chainrai's spokesman on SSN just now... Storrie apparently talking to three seperate parties. He's cautiously optimistic of a deal being done - liquation not an option. He's not divulging much, doesn't sound like he knows much either.

 

Time is the enemy (suprise suprise - please let us have more time).

 

Nothing new really...

 

The father, son and the holy ghost most probably. There is no one left of earth who will listen

[positivepete]

Not sure what the "interested parties" are spending their time talking to the club about, surely its just a case of here's the SOA, £1 for the business and take on the debts. It is HMRC, the other parties on the WUO, and maybe the EPL that the interested parties will need to convince.

[anothersaintinsouthsea]

Have Portsmouth gone bust/been saved yet?

 

I'm hopeful of progress within the next 48 hours

[Kingsland Red]

I just don't understand why any businessman would buy Pompey now and take on £60-£70M plus of debt when they could buy them next week when they are more than likely be in administration and get themselves a better deal?

 

That would explain why Storrie is approaching chancers, money launderers and pyramid sellers etc, because no sane businessman would be interested when wages etc are required immediately to prevent the judge pulling the plug on 1st March.

[Viking Warrior]

A message to all the skate brethren out there. your day of reckoning will happen on a monday so you will need to keep taking the prozac prepare yourself for an annoucement next Monday.

 

Our favorite day for annoucements was a friday. Im sure you have the usual taxi cohorts who are in the know. Has lifelongafrikanas given you an update on your own forum? If blue smurf post somehting it will be true.

 

Too my fellow saints did our takeover thread ever reach this level of posts. I know there were volumes 1, 2, 3 , 4, 5 etc but the skates takeover thread is crazy 16k plus posts

[Chin Strain]

That would explain why Storrie is approaching chancers, money launderers and pyramid sellers etc, because no sane businessman would be interested when wages etc are required immediately to prevent the judge pulling the plug on 1st March.

 

Yep, they'll find a bent billionaire....and he'll fail the FAPPT, newly improved following the raging of the Pompey fans...arf, arf

[Chin Strain]

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

 

E class

[Fowllyd]

I just don't understand why any businessman would buy Pompey now and take on £60-£70M plus of debt when they could buy them next week when they are more than likely be in administration and get themselves a better deal?

 

They won't be in administration next week - unless either Chainrai or Gaydamak (assuming either of them is willing and able to do it) puts them there. If it goes to the court next Monday then they'll be liquidated, which is a very different proposition. In the case of liquidation, there simply won't be a Portsmouth FC to buy, so any thought of a better deal goes out of the window and AFC Pompey or whatever becomes the only game in town.

 

Like you, though, I can see no reason why anybody would buy them - even for a pound - and in so doing take on the massive debt they have, along with their running costs (which guarantee more major losses over the next few months).

[rallyboy]

so we have moved today from 'an agreement in place and just proof of funding required to complete...'

TO

three desperate meetings with anyone who will listen?

 

Storrie's pitch -

'in the next six days you have to wave goodbye to £15M, then if the court decides we haven't broken the law, which we so obviously have, and allows us to continue trading, we can address the other £45M of debt next month.

And for your £60M you get to own....wait for it....90% of the club name!'

[pedg]

'confirmation' of the 3 buyers. Sounds like they are taking one each or something??

 

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8527495.stm?utm_source=twitterfeed&utm_medium=twitter

[pedg]

http://backofthenet.markwatsonthecomedian.com/2010/02/22/portsmouth-awarded-three-points-for-trying/

Portsmouth awarded three points for trying

 

FA blesses cotton socks

Portsmouth’s survival prospects have been given a boost after the FA awarded them three of the spare points they recently confiscated from Crystal Palace, despite Pompey’s 2-1 defeat against Stoke on Saturday.

 

 

FA chief executive Ian Watmore explained his decision on the basis of the fact that Portsmouth ‘needed it more’ and that they ‘tried really hard’.

‘Portsmouth have had a rough time of it lately,’ Watmore told reporters, ‘But they keep plugging away, god love ‘em. They looked so downcast after the final whistle. Seeing Frederic “Squeaky” Piquionne being comforted by Angelos “Tufty” Basinas and Hayden “Chunky” Mullins, it just broke my heart. So I got on the phone to the FA Executive Committee, and they were all in tears too. We decided the best thing to do would be to reward all the hard work those brave young men are putting in with three lovely points.

 

 

‘Besides’, he added, ‘those points have been burning a hole in our pocket ever since we confiscated them off Crystal Palace due to persistent Neil Warnock. It’s nice to see them going to a good home.’

 

 

The League has previously awarded discretionary points to West Bromwich Albion in the 2005 Christmas raffle, to West Ham United in 1996 because of Portuguese winger Dani’s lustrous hair, and to Stoke City in 2008 out of fear for their lives if they refused.

[Mr Saints]

This is how I see it:

 

If they are not taking over by next Monday, they are gone.

[pedg]

Another for the 'you could not make it up' collection

 

http://www.dailymail.co.uk/sport/football/article-1253019/Punch-Portsmouth-Jamie-OHara-KOs-team-mate-Michael-Brown-training-ground-melee.html

Punch-up at Portsmouth! Jamie O'Hara KO's team-mate Michael Brown in training ground melee

Portsmouth'

s troubles boiled over on to the training ground on Monday when a practice match erupted into fisticuffs between midfielders Michael Brown and Jamie O'Hara.

With the cash-strapped club's future hanging in the balance this week, the tension was palpable at their Eastleigh training complex and Brown was making his presence known with over-zealous tackles.

 

But when he jumped in on O'Hara, the Tottenham loanee punched Brown to the ground. Team-mates rushed to break up the melee, with Brown coming off worst with a black eye.

[sussexsaint]

Well that's 11 pm. Are they f ucked yet ?

[pedg]

Escalation alert. 48hours has been upped to 96 hours.

 

http://www.skysports.com/story/0,19528,11661_5973144,00.html

Portsmouth are in discussions with three separate parties as they attempt to secure a rescue package to solve their financial crisis, but it might be the weekend before a deal is concluded, according to a spokesman for owner Balram Chainrai.

Bit odd that on one hand there are lots of meetings going on:

 

When I left them 10 minutes ago, two meetings were going on in one London hotel and (chief executive)

Peter Storrie

was meeting another group in another location.

"So they certainly could not try harder to try and put a deal together."

yet apparently:

He continued: "They have absolutely insisted that no negotiations will go further unless there is proper proof of funds.

 

Make your mind up, either you are discussing it with people or you are waiting for then to show you the money, you can't have it both ways.

Edited 22 February, 2010 by pedg

[DrZuess1979 the 2nd]

Another for the 'you could not make it up' collection

 

http://www.dailymail.co.uk/sport/football/article-1253019/Punch-Portsmouth-Jamie-OHara-KOs-team-mate-Michael-Brown-training-ground-melee.html

Punch-up at Portsmouth! Jamie O'Hara KO's team-mate Michael Brown in training ground melee

Portsmouth'

s troubles boiled over on to the training ground on Monday when a practice match erupted into fisticuffs between midfielders Michael Brown and Jamie O'Hara.

With the cash-strapped club's future hanging in the balance this week, the tension was palpable at their Eastleigh training complex and Brown was making his presence known with over-zealous tackles.

But when he jumped in on O'Hara, the Tottenham loanee punched Brown to the ground. Team-mates rushed to break up the melee, with Brown coming off worst with a black eye.

 

 

Brown is a class A c%ck . O`hara is a hero for doing that!!!

[benjii]

Look everyone, Phil's ITK.

 

Or is pretending to be ITK but won't actually say what's causing the problem because he doesn't really know. And would then look a ****. :smt033

 

Come on then Phil, what is it.

 

Christ, for once in my life I'm in total agreement with this ****. Still, at least DP didn't talk about golf, wine or some other boring **** he's been up to.

[Faz]

So, Chainrai et al are awaiting proof of funds. That would usually come before Due Dillignece would it not? If it doesn't I ve got a few days off this week so I think I'll e-mail Pete and say I'm interested.

 

SSN will reveal PS is in talks with TWO interested parties!!! PS will be hopeful of positive news within 48 hrs.

 

No-one is going to do this wihtout full and proper due dilligence.

 

They're toast.............

[PaulSaint]

Can somebody fill in the missing gaps & explain who benefits & how if one of these options are.....well optioned:

 

1 - Chanrai or "Son of a Gunrunner" or the courts appoint an Administrator ????

 

2 - Some South african Consortium pay off all the debts ????

 

3 - Portsmouth liquidated (I know this one) - Hard faced Saints Fans enjoy the moment & hell we may even pick up a few thousand extra fans from the Fareham wards? Oh and those smarter skates who want an end to the whole Storrie / Madric / Gunrunner / Agent Harry / Potless Arab era.

 

PS - I'd like to see progress within the next 48 hours?

[Jimmy_D]

Reading the other forum, reads like ours did when it was rumoured Paul Allen was about to take over.

 

Lots of posts by one or two of theirs hinting that the deal is all but done and they're very hopeful the deal will happen...

 

Poor fools... they'll be hit with the fallout when it all goes sour.

[dronskisaint]

He may know about middle east business etiquette - how would that help him know what's going on in a deal with south africans and someone based in hong kong? My friend at the club has had nothing to do with the negotiations between this latest group and the club and isn't there today so unfortunately no details available.

 

 

Hmm - the first bit that doesn't ring true is that you have a friend....

 

The other conclusion is that you obviously get more (& more accurate) information on here than you ever produce from elsewhere...sad little world isn't it?

[angelman]

Now that Chainrai has stripped the last asset (the ground) he finds himself in a no lose situation. If the club gets bought (£60m is a lot for nothing but I guess that's inflation) he rents the ground back. If PFC liquidate then he can redevelop the ground and gets the money back that way.

[St Marco]

Portsmouth stare into the abyss

 

Portsmouth began the most critical seven days of their 112-year history by suffering a heavy blow to their hopes of surviving when Victor Cattermole, one of the *parties interested in buying the club, ruled out taking over before Monday's winding‑up petition

http://www.guardian.co.uk/football/2010/feb/23/portsmouth-victor-cattermole-takeover-bid

 

The other guys want to take at least a week before deciding by the sounds of it. Which obviously means they will not have been takenover by monday.

 

Think this bit is important too

 

"Portsmouth were also due to pay a monthly PAYE and National Insurance bill of £1.8m yesterday. It was unclear if these monies had been paid but if the club failed to meet the commitment it would only weaken Portsmouth's case at the high court "

[dubai_phil]

Christ, for once in my life I'm in total agreement with this ****. Still, at least DP didn't talk about golf, wine or some other boring **** he's been up to.

 

If you recall Benji, Storrie teller told everyone that he would get the deal done on Monday with the Africans when his proof of funds was sent in.

 

I posted at 1pm that something had gone wrong with that plan

 

By 11pm it had become 3 groups and a deal by the weekend

 

And then it was in the press

 

Portsmouth began the most critical seven days of their 112-year history by suffering a heavy blow to their hopes of surviving when Victor Cattermole, one of the *parties interested in buying the club, ruled out taking over before Monday's winding‑up petition

http://www.guardian.co.uk/football/2...e-takeover-bid

 

When you have a family member who is an insolvency lawyer who hears things you cannot say - Oh look xyz has happened as it would cost somebody a job that they trained for 6 years to earn.

 

You can however indicate that something "substantial" has affected a story that we have all been following, which I did.

 

Don't you agree that the "deal is done" situation of getting PoF on Monday to being in discussions with 3 parties marks a change in situation?

 

The same source pointed out a few facts and that information was posted on here during our admin period. Nothing that could even be tracked back or affected the process but it was interesting background at the time - the type of car Mark Fry drives, where he watched his football in a corporate box and the story about the Wembley Goalposts.

 

Info doesn't come up every day, and he's not working on this himself.

 

HTH

[hutch]

I must stop underestimating Storrie and give him more credit. There was me going to bed last night, thinking that both of their latest takeover deals had bitten the dust, and I wake up this morning to find that they now have THREE new owners in the pipeline. That Storrie is a real superstar, and a snip at a million quid a year.

 

 

 

Overheard at a top West End hotel yesterday, apparently:

 

Chainrai: "OK Peter, I've got a meeting now with a couple of chaps that I have to speak to in private. Why don't you go over and talk to your red hot chums at their hotel in Earls Court, and help them to count up their rands."

 

Storrie: "oh ... err.. OK Baloo. You will give me a call if you sign a deal with another buyer, won't you? We wouldn't want to end up with too many owners in one season, would we. It wouldn't be good for Portsmouth's image. Ha ha ha ha ha ..."

 

Chainrai: "Of course I will, Peter. You will be the very first to know (tosser)."

 

... pause while Storrie leaves, still laughing at his own joke ...

 

Chainrai: "OK Phil, you can show Mr. Fry and his colleagues in now."

 

 

 

I added the tosser comment myself, just for effect. Chainrai didn't really say that, apparently.

[Gemmel]

Having read the morning reports, my take is that Chainrai, has left Storrie, to his own devices with the South Africans. (As in he doesnt think they will come through)

Chainrai quotes talk about him speaking to investors, not new owners, which could mean a chunk of money from "A" another fron "B" etc etc, hoping to put togther enough to save them. That minimises their outlay and one would assume that Chainrai moves in the right circles to have those conversations.

Ultimately though, I think they will press the "Admin" button on Thursday or Friday.

Inbetween times, Storrie teller will keep us all updated to just how close a deal is.

[dubai_phil]

I must stop underestimating Storrie and give him more credit. There was me going to bed last night, thinking that both of their latest takeover deals had bitten the dust, and I wake up this morning to find that they now have THREE new owners in the pipeline. That Storrie is a real superstar, and a snip at a million quid a year.

 

 

 

Overheard at a top West End hotel yesterday, apparently:

 

Chainrai: "OK Peter, I've got a meeting now with a couple of chaps that I have to speak to in private. Why don't you go over and talk to your red hot chums at their hotel in Earls Court, and help them to count up their rands."

 

Storrie: "oh ... err.. OK Baloo. You will give me a call if you sign a deal with another buyer, won't you? We wouldn't want to end up with too many owners in one season, would we. It wouldn't be good for Portsmouth's image. Ha ha ha ha ha ..."

 

Chainrai: "Of course I will, Peter. You will be the very first to know (tosser)."

 

... pause while Storrie leaves, still laughing at his own joke ...

 

Chainrai: "OK Phil, you can show Mr. Fry and his colleagues in now."

 

 

 

I added the tosser comment myself, just for effect. Chainrai didn't really say that, apparently.

 

All true except for the last bit - they couldn't afford my airfare.

 

Not ITK'ing as my info was about when one done (ish) deal became 3, but doing some analysis (anyone who has ever done a media management training course - ie anyone who has worked in marketing or a multi-national would recognise something very interesting in the new comments).

 

As pedg posted.

 

Note a very deliberate and different set of words used in the sky story.

 

The NEW statements make no mention of a "Takeover". That is a significant change, they now talk of "A Rescue Package"

 

 

http://www.skysports.com/story/0,195...973144,00.html

Portsmouth are in discussions with three separate parties as they attempt to secure a rescue package to solve their financial crisis, but it might be the weekend before a deal is concluded, according to a spokesman for owner Balram Chainrai.

Bit odd that on one hand there are lots of meetings going on:

 

When I left them 10 minutes ago, two meetings were going on in one London hotel and (chief executive)

Peter Storrie

was meeting another group in another location.

"So they certainly could not try harder to try and put a deal together."

yet apparently:

He continued: "They have absolutely insisted that no negotiations will go further unless there is proper proof of funds.

 

Obviously the Rescue Package can include a takeover but it could also include other options....

 

The 3 parties were Chanrai, Sasha & Al Mirage trying to sort something out between them

The 3 parties were buyers for the club

The 3 parties could be other forms of rescue/restructure

 

My reading of that is the Africans may have cooled (but can still be there) and they may well be looking for some other form of solution (a bit late to say the least)

 

Again - back to my comments of yesterday that nobody picked up on.

 

Did something REALLY IMPORTANT happen over the weekend that affected their position?

 

Answer - yes

1) They lost

2) Chanrai did something with an asset of the club that has changed the situation since the SoA was prepared.

 

Considering we knew (ie it was in the public domain)

1) The SAF deal was only waiting for proof of funds on Monday - that meant they had a deal based on the situation on Friday. Did that happen yesterday? No, because IF it had, Storrie would b e shouting it from the rooftops.

2) That their SoA is based on the assumption that they will finish 17th - oops new person to blame - Avram for switching to a back 3 on Sunday and not earning a point.

 

and finally, Avram Grant was reported as emerging "Ashen Faced" from a meeting with Chanrai over the weekend. Perhaps he had been told - the SAF deal will go through but only IF you win.

(It's as good a speculation as the 8,972 repeated filler questions & answers about who can put them into admin!)

 

The story is being played out in public, forget what may or may not happen, events are FAR funnier on a day to day basis

[ST Randy]

Did something REALLY IMPORTANT happen over the weekend that affected their position?

 

Answer - yes

1) Chanrai did something with an asset of the club that has changed the situation since the SoA was prepared.

 

 

 

I think this holds the key to a lot of what is really going on at the moment. Forget the 2 , sorry 3 , buyers all about to complete in 48 hours. Why did Baloo take over the ground ????

 

I guess that there are several angles on this ... but in my opinion it must be because the writing is on the wall ad he wants to get something out of the club before it goes completely t i t s up next monday.

 

If a deal was likely he would not do that . I am sitting back and enjoying watching the car crash.

[CB Saint]

South today reporting that they may go into admin in the next 24hrs. The three parties in London were already involved in the club and they are still pinning their hopes on the South Africans.

 

I reckon it admin will happen as Chanrai has managed to settle 60% of his debt by taking thes stadium

[positivepete]

Chanrai has managed to settle 60% of his debt by taking thes stadium

 

people better qualified than me will confirm but the courts and HMRC may take a dim view on this transaction and have it wound back

[Dr Octopus]

http://www.mirrorfootball.co.uk/news/Portsmouth-are-on-the-brink-of-becoming-the-first-side-in-Premier-League-history-to-go-into-administration-after-a-rescue-bid-by-a-mystery-South-African-consortium-faltered-article332725.html

[ericofarabia]

South today reporting that they may go into admin in the next 24hrs. The three parties in London were already involved in the club and they are still pinning their hopes on the South Africans.

 

I reckon it admin will happen as Chanrai has managed to settle 60% of his debt by taking thes stadium

 

Even their "next 48 hours" time scales (as opposed to fish scales) are losing value

[Fowllyd]

http://www.mirrorfootball.co.uk/news/Portsmouth-are-on-the-brink-of-becoming-the-first-side-in-Premier-League-history-to-go-into-administration-after-a-rescue-bid-by-a-mystery-South-African-consortium-faltered-article332725.html

 

Nice little snippet from that article:

 

They have failed to pay players’ wages four times in the last five months and staff have been warned to expect their February salaries, due on Friday, late unless the takeover goes through.

 

I'd imagine that, if the fabled takeover doesn't go through, staff can expect nothing on Friday, then a good deal more nothing on Monday, with the promise of a whole heap more nothing to come. Late doesn't come into it.

[Saint Paul C]

http://www.mirrorfootball.co.uk/news/Portsmouth-are-on-the-brink-of-becoming-the-first-side-in-Premier-League-history-to-go-into-administration-after-a-rescue-bid-by-a-mystery-South-African-consortium-faltered-article332725.html

 

What I just don't get is why is BC chucking his money away with PFC. He's either been conned big time by the gaydaleks or is monumentally dim.

 

If the club get liquidated, which is looking likely, he's going to be forking out a serious amount of cash to keep PS and co from a spell with Her Maj.

[CB Saint]

Nice little snippet from that article:

 

 

 

I'd imagine that, if the fabled takeover doesn't go through, staff can expect nothing on Friday, then a good deal more nothing on Monday, with the promise of a whole heap more nothing to come. Late doesn't come into it.

 

The timing couldn't be any worse really. Fail to pay staff on Friday and have to face a winding up order on Monday. Judge is going to be well impressed.

 

Storrie will have to pull the fake heart attack routine in the courtroom and hope for an adjournment

[BTW Saint]

sO no real news currently, looks like talks with 3 buyers continue and threat from Chanrai of withdrawing from these negotiations and opting from Admin held in abeyance.

 

Looks to me, as if Chanrai is in talks with his co investors/personal contacts over additional funding, while Storrie Tellar is looking after the South African consortium.

 

Its either a negotiation smoke screen until monday when they accept Winding up and Chanrai walks with Stadium to do deal with Gaydamak or Admin later this week with Chanrai having the rental income.

 

Need to understand more about lease on FP as Chanrai would retain FH at end of lease. Figures at rents of £1-£1.4 million pa quoted. Do Pompey have break options or buy back clauses or does Chanrai have option to break. How is the rent geared. Has this expense been included in the SOA? Low initial rent then rising, making immediate overheads look better.

 

 

Some paper links

 

Portsmouth talks continue as administration looms.

 

http://www.telegraph.co.uk/sport/football/leagues/premierleague/portsmouth/7292588/Portsmouth-talks-continue-as-administration-looms.html

 

Sol Campbell's Portsmouth writ helped alert HMRC to image rights issue

 

"Portsmouth's accounts break down how the club's £70.5m 2008 turnover was achieved. There was £49.2m from being in the Premier League. A further £12m from match-day revenues, £2m from winning the FA Cup and about £7.2m from retail and sponsorship. So to recap: only 10% of Portsmouth's income in 2008 was from commercial and sponsorship streams. Meanwhile Campbell was due to earn 50% or £1.5m of his income for image rights, meaning a fifth of all monies (not profits, mind) Pompey generated from these areas was allegedly contracted to go straight into his offshore account."

 

http://www.guardian.co.uk/football/2010/feb/23/portsmouth-sol-campbell-image-rights

[Fowllyd]

What I just don't get is why is BC chucking his money away with PFC. He's either been conned big time by the gaydaleks or is monumentally dim.

 

If the club get liquidated, which is looking likely, he's going to be forking out a serious amount of cash to keep PS and co from a spell with Her Maj.

 

Why would he do that? I'm sure he cares not a jot whether Storrie and others do a little bit of bird - or even a lot of it. Chainrai lent the money in the first place on a false premise/promise - namely that Sky payments would enable it to be paid back pretty quickly; on realising this was not the case, he decided to take control of things himself by grabbing Al Mirage's 90% of the shares. In so doing he's then found out just how dire the situation really is and is doing all he can to extricate himself while either minimising his losses or (with a bit of luck) coming out of it all with a profit. Hence the decision to sign Nottarf over to his company. Whatever happens now that land belongs to him and a liquidator won't have any claim on it.

 

When his mouthpiece says Chainrai has put in whatever amount of money, don't forget that none of this is a gift. It's a loan and he expects a return on it.

[Faz]

people better qualified than me will confirm but the courts and HMRC may take a dim view on this transaction and have it wound back

 

Hmmm... potentially. As the mortgage holder he is quite entitled to take possession upon default. If he then takes the title in lieu of loans owed to him, I guess it would have to be a transcation at value. Therefore he values to the Land at £10m plus a15yr lease at £1m pa. in respect of his £17m debt. In 15yrs time, the land is still his. If Pompey don't pay the rent, the land is still his. Clever boy.

[Huntingdon]

Storrie's comments from yesterday gives the impression he has accepted defeat with HMRC

 

He's now desperately looking for investors to stop the inevitable

 

Even though our rivalry is pretty venomous, it's incredible to think they are 6 days away from going out of business

[dubai_phil]

Just had an image of all the Skate fans rushing down to Southsea Beach lifting up the shingle to help Storrie make sure they leave no stone unturned in their quest to save the club.

[Fowllyd]

Just had an image of all the Skate fans rushing down to Southsea Beach lifting up the shingle to help Storrie make sure they leave no stone unturned in their quest to save the club.

 

They'll be there with their metal detectors. After all, you never know what you might find... :smt044

[Gingeletiss]

They'll be there with their metal detectors. After all, you never know what you might find... :smt044

 

 

Yeh!!!!....fish hooks.

[pedg]

So what to we reckon for any major events today in the continuing saga of a football club that has gone to the dogs*?

 

My bet is nothing.

 

 

(* this phrase reminded me of the muppets and the first link could not have been more appropriate to the situation at pompey:

 

http://muppet.wikia.com/wiki/Veterinarian%27s_Hospital

 

Dr. Bob (played by Rowlf the Dog), Nurse Piggy (Miss Piggy), and Nurse Janice confer over a series of patients, telling an endless series of bad jokes and failing to effect any cure.

 

Insert your favourite comedy pompey characters above)

[badgerx16]

Radio 5Live said this morning that any 'rescue' won't come before the weekend, so by my reckoning that really means after the court appearance. What odds on Story-teller standing up in court on Monday and saying "Please, your honour, don't close us down - we're only 48 hours from a deal to save the club" ?

 

BTW; what time are they up before the beak ?

[dubai_phil]

I think it's getting boring, just like my memories of the BBC in the summer - nothing but repeats.

 

About time someone else went into financial meltdown, why should the few have all the attention?

[Daren W]

Look everyone, Phil's ITK.

 

Or is pretending to be ITK but won't actually say what's causing the problem because he doesn't really know. And would then look a ****. :smt033

 

Come on then Phil, what is it.

 

Seriously... You're taking the p1ss out of someone for being "ITK"?

 

The amount of sheer brass neck is breathtaking...