saintjay77 Posted 2 March, 2010 Share Posted 2 March, 2010 Provided that the Judge has been quoted accurately in the press, his statement is clear and unambiguous. They don't usually make mistakes. Portsmouth City Football Club Limited is (not was) 90% owned by Falcondrone. The Judge would not have made that up, or got it from reading this thread. He has seen it in the evidence. Unless Chainrai owns Falcondrone, he does not own 90% of PCFC. I think that was what he was saying when he mentioned Falcondrones many recent owners. Chainrai may well now own it but a few words in the press and a few business suits doesnt do enough to prove it. I guess he will now prove he does own it and HMRC will question the fact that he took ownership after the WUP's court date only to try and protect his investment and to control what the administrator can administrate. 3 possibles from what I can guess, 1. Chainrai does now own Falcondrone and he has provided funds for the chosen administrators to conduct the business for the remainder of the season while stepping back and leaving them to it. They in turn will have a cat in hells chance of selling the business while satisfying 75% of the creditors. So while the club might still exist there will be a very big chance of a massive points deduction when they start league 1 next season. 2. Chainrai does now own Falcondrone but he expects the chosen administrators to be his pupet while he creams as much of hiss investment out of poopy as he can. Courts will have a fit and take action against the above parties but also appoint an administrator to try and salvage something from the mess. 3. Chainrai doesnt really own Falcondrone and although he lent money to Falcondrones owners he is not a direct creditor to Poopy nor is he there owner so the WUP will be back in effect and the courts will decide if Admin is the right course of action and if they do, they will appoint an administrator that wont give a rats ass about Chainrai and his gang. If they think its too far gone then the WUO will finsih them off. I cant see anyway that will leave a smile on the fishy few's faces to be honest. Link to comment Share on other sites More sharing options...
Kingsland Red Posted 2 March, 2010 Share Posted 2 March, 2010 Hong Kong, BVI, Dubai, Israel, Saudi and yet they chose the UK to find and use a vehicle for money laundering. Hail the HMRC for making a determined stand. With a similar action against terrorists on the Londonistan front, this country might be GREAT Britain again some day rather than the banana republic status we seem to have acquired over the last 10 years. A someone said earlier - COYHMRC. Link to comment Share on other sites More sharing options...
OldNick Posted 2 March, 2010 Share Posted 2 March, 2010 Its not certain what the Court will do on the 15th. I am sure HMRC will press for a Winding Up order if the Admin is not valid. PFC will resist of course but they will be open to what the Court decides. Remember that the Court has already said that PFC are trading whilst insolvent and it may take a dim view that they have been in court just a few too many times since then, but still not resolved the position thanks Link to comment Share on other sites More sharing options...
Guided Missile Posted 2 March, 2010 Share Posted 2 March, 2010 Surely they will need to see evidence of bank transfers to support any documentation produced ?? if so would make it very difficult to create retrospectively(I hope) When a charge is registered against a Company at Companies House, you have 21 days to lodge a certified copy of the loan instrument with Companies House. I think it is likely that an official receiver will shortly be appointed to lift the shadow that hangs over the administration procedure. This could be followed very quickly by the official liquidator... Link to comment Share on other sites More sharing options...
Bucks Saint Posted 2 March, 2010 Share Posted 2 March, 2010 When a charge is registered against a Company at Companies House, you have 21 days to lodge a certified copy of the loan instrument with Companies House. I think it is likely that an official receiver will shortly be appointed to lift the shadow that hangs over the administration procedure. This could be followed very quickly by the official liquidator... The Official Receiver is a DTI official. His title as "Receiver" is a bit misleading as he is appointed in the first instance in two scenarios: (1) As Trustee of individuals made bankrupt; (2) As Liquidator of Companies which are Wound Up by the Court. The OR can continue to deal with PFC himself but as it is high profile and messy, with assets to deal with, it is highly likely that he will choose an independent firm to be appointed as Liquidator in his place, after the first few days. Link to comment Share on other sites More sharing options...
slickmick Posted 2 March, 2010 Share Posted 2 March, 2010 Can the sale of the club still go through while this hangs over them ? Would that save them ? Link to comment Share on other sites More sharing options...
The9 Posted 2 March, 2010 Share Posted 2 March, 2010 In case they didn't have enough problems, I've just found the Premier League rules online : WARNING, MASSIVE PDF. http://www.premierleague.com/staticFiles/7a/20/0,,12306~139386,00.pdf and there's a bit here which said that all fees payable for loan deals have to be paid by June 30 after the end of the season : Any Loan Fee (including any instalments thereof) shall be paid on or before the date or dates agreed between the parties, the latest of which must be no later than 30 June immediately following the conclusion of the Season in which the Temporary Transfer expired. They've got Buckley's chance of finding the money they owe other clubs for half their team by then... PS Mr Lung, superbly funny episode 1, suggest you get a domain name for them. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 2 March, 2010 Share Posted 2 March, 2010 Link to comment Share on other sites More sharing options...
The9 Posted 2 March, 2010 Share Posted 2 March, 2010 Hong Kong, BVI, Dubai, Israel, Saudi and yet they chose the UK to find and use a vehicle for money laundering. Hail the HMRC for making a determined stand. With a similar action against terrorists on the Londonistan front, this country might be GREAT Britain again some day rather than the banana republic status we seem to have acquired over the last 10 years. A someone said earlier - COYHMRC. Well, that's an interestingly xenophobic take on a tax evasion case... Britain is still "Great", as it refers to the geographical area extending beyond England since 1707 and derives from an historical need to distinguish from Brittany ("lesser Britain") in the 1300s and James I's attempt to gather his lands under one title in the 1600s; nothing to do with international political standing or empty political rhetoric. I agree with the COYHMRC statement though. Link to comment Share on other sites More sharing options...
pedg Posted 2 March, 2010 Share Posted 2 March, 2010 PS Mr Lung, superbly funny episode 1, suggest you get a domain name for them. Talking of domain names I understand pompey's plan to escape their current predicament is to hope someone will register WeBuyAnyClub.com Link to comment Share on other sites More sharing options...
Sevvy Posted 2 March, 2010 Share Posted 2 March, 2010 Anybody know what happened in the court case against Pompey which followed after the HMRC case. Link to comment Share on other sites More sharing options...
Kingsland Red Posted 2 March, 2010 Share Posted 2 March, 2010 Well, that's an interestingly xenophobic take on a tax evasion case... Britain is still "Great", as it refers to the geographical area extending beyond England since 1707 and derives from an historical need to distinguish from Brittany ("lesser Britain") in the 1300s and James I's attempt to gather his lands under one title in the 1600s; nothing to do with international political standing or empty political rhetoric. I agree with the COYHMRC statement though. My point being that, like Londonistan harbouring terrorists and Russia's most wanted, funded by social services, until HMRC got involved with this one all parties seemed to have license to carry out whatever they wished moving monies around to suit. Hardly xenophobic. maybe an observation that other than first world countries , most of the world operates like this and yet these characters chose dear old GB ( and NI) to undertake such manoeuvres. Link to comment Share on other sites More sharing options...
Goalie66 Posted 2 March, 2010 Share Posted 2 March, 2010 Can the sale of the club still go through while this hangs over them ? Would that save them ? Anyone doing due diligence on them if they did would need a lot of underwear !!! Link to comment Share on other sites More sharing options...
Kingsland Red Posted 2 March, 2010 Share Posted 2 March, 2010 I wonder how many of the players are either on loan or their contracts run out at the end of this season. Whilst Storrie's valuation is £38m, HMRC suggest £21m. However apart from Wilson just being signed on for a further 3 years the monetary value of the squad is probably way less than £21m and yet they sit as assets in the books. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 2 March, 2010 Share Posted 2 March, 2010 Laugh at this....some Fishmonger down there was trying to big up their game against Brum, after a few exchanges, he got this back...... Spanishblue22 #7 02 Mar 2010 16:19 Complain | Signed: November 2009 re: re: re: re: re: Birmingham ,Birmingham here we come ... Posts: 9 Trialist relegation comes around, and for you so does administration and insolvency lol. there was only one team any good down there and thats Southampton Link to comment Share on other sites More sharing options...
The9 Posted 2 March, 2010 Share Posted 2 March, 2010 My point being that, like Londonistan harbouring terrorists and Russia's most wanted, funded by social services, until HMRC got involved with this one all parties seemed to have license to carry out whatever they wished moving monies around to suit. Hardly xenophobic. maybe an observation that other than first world countries , most of the world operates like this and yet these characters chose dear old GB ( and NI) to undertake such manoeuvres. Just sounds like a random outrage generator allied to the good old values of "we're better than them" despite the first few "examples" indicating that it doesn't seem to be the case. I can't even begin to make your links between London, terrorism, Russian criminals, HMRC, ~istanis and social services to be honest. Let's stick to supporting Saints. Link to comment Share on other sites More sharing options...
SOTONS EAST SIDE Posted 2 March, 2010 Share Posted 2 March, 2010 (edited) Are we in sunk yet, i could do with selling the book in my shop for sum beer money!! LOL :smt080 Edited 2 March, 2010 by SOTONS EAST SIDE Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 2 March, 2010 Share Posted 2 March, 2010 I wonder how many of the players are either on loan or their contracts run out at the end of this season. Whilst Storrie's valuation is £38m, HMRC suggest £21m. However apart from Wilson just being signed on for a further 3 years the monetary value of the squad is probably way less than £21m and yet they sit as assets in the books. Too true. In reality the value of any asset is determined by how much someone else is prepared to pay - that will change depending on the circumstance of the seller. Pompey are undergoing a firesale then they'll be lucky to get anyway near good value for any player. After all we're talking about a team that is adrift at the bottom of the league and there isn't exactly a lot of cash swilling around Championship/lower level Prem teams at the moment. Further several of their better players are either loans (e.g. O'Hara) or very old (e.g. James and Hreiderson) so won't realise any significant sums. Link to comment Share on other sites More sharing options...
Chin Strain Posted 2 March, 2010 Share Posted 2 March, 2010 I wonder how many of the players are either on loan or their contracts run out at the end of this season. Whilst Storrie's valuation is £38m, HMRC suggest £21m. However apart from Wilson just being signed on for a further 3 years the monetary value of the squad is probably way less than £21m and yet they sit as assets in the books. It's another case of Storrie trying to big up their worth. Even at £21m that's a stretch for the value of the squad. Players actually worth anything would be Belhadj (£5m), Boateng (£6m), Wilson (£2m)....erm, struggling now a bit. When you factor in the fire sale prices that clubs will pay due to the circumstances, and that there will be sell on clauses and contracts to pay up and you start to see that the true worth of transfers will be way below those quoted. Link to comment Share on other sites More sharing options...
Kingsland Red Posted 2 March, 2010 Share Posted 2 March, 2010 Well, that's an interestingly xenophobic take on a tax evasion case... Britain is still "Great", as it refers to the geographical area extending beyond England since 1707 and derives from an historical need to distinguish from Brittany ("lesser Britain") in the 1300s and James I's attempt to gather his lands under one title in the 1600s; nothing to do with international political standing or empty political rhetoric. I agree with the COYHMRC statement though. Apologies, too much social political comment The9. I thought The Lounge was a bit more broad in discussion than the main forum, a bit like a gentlemen's club, chewing the fat over a glass of port and a cuban cigar !! Anyway, COYR indeed tonight, on my way ! Link to comment Share on other sites More sharing options...
Joensuu Posted 2 March, 2010 Share Posted 2 March, 2010 Got to love this skate post on POL... apparently the squad is worth the full £38m (once you add £2.5m Nugent back in) 1 GK David James (captain) 1kk 3 DF Ricardo Rocha 1kk 4 MF Aaron Mokoena 2kk 5 MF Jamie O'Hara (on loan from Tottenham Hotspur) 6 MF Hayden Mullins 1kk 7 DF Hermann Hreiðarsson (vice-captain) 0kk 8 MF Papa Bouba Diop 3kk 9 FW Frédéric Piquionne (on loan from Lyon) 11 MF Michael Brown (vice-captain) 3kk 14 FW Quincy Owusu-Abeyie (on loan from Spartak Moscow) 15 GK Antti Niemi free 16 DF Steve Finnan 0.5kk 17 FW John Utaka 3.5kk 18 DF Anthony Vanden Borre (on loan from Genoa) 19 FW Danny Webber 2kk 20 FW Tommy Smith 2kk No. Position Player 21 GK Jamie Ashdown 1.00kk 22 MF Richard Hughes 1KK 23 MF Kevin-Prince Boateng 4kk 24 FW Aruna Dindane (on loan from Lens) 25 DF Duško Tošić 0kk (he's not ours though is he) 26 DF Tal Ben Haim 3kk 27 FW N****wo Kanu 0kk 32 MF Hassan Yebda (on loan from Benfica) 33 MF Angelos Basinas 0.0kk 35 DF Marc Wilson 3.5kk 37 MF Gaël N'Lundulu 39 MF Nadir Belhadj 4kk 40 DF Joel Ward 43 DF James Hurst 44 DF Luke Wilkinson 46 DF Lennard Sowah all up 35.5kk pounds Link to comment Share on other sites More sharing options...
dubai_phil Posted 2 March, 2010 Share Posted 2 March, 2010 It's another case of Storrie trying to big up their worth. Even at £21m that's a stretch for the value of the squad. Players actually worth anything would be Belhadj (£5m), Boateng (£6m), Wilson (£2m)....erm, struggling now a bit. When you factor in the fire sale prices that clubs will pay due to the circumstances, and that there will be sell on clauses and contracts to pay up and you start to see that the true worth of transfers will be way below those quoted. Actually I think the revaluation is great news. So 17mil is added on "out of thin air" So we can all assume that figure has been added back in as a PROFIT Which means that the tax on that profit would be what - say around 30% then there's the VAT of course another 17% or so. So that's great, they just added another 8 mil or more to the tax bill Excellent Link to comment Share on other sites More sharing options...
Chin Strain Posted 2 March, 2010 Share Posted 2 March, 2010 Actually I think the revaluation is great news. So 17mil is added on "out of thin air" So we can all assume that figure has been added back in as a PROFIT Which means that the tax on that profit would be what - say around 30% then there's the VAT of course another 17% or so. So that's great, they just added another 8 mil or more to the tax bill Excellent Nice.....maybe HMRC will say 'let's do a deal on the player value tax now, just to make things easier for you...then you can keep the £38m when you get it' Link to comment Share on other sites More sharing options...
Wopper Posted 2 March, 2010 Share Posted 2 March, 2010 Unless Portsmouth make it worth them moving the players will sit tight and carry on collecting stupid inflated wages. Link to comment Share on other sites More sharing options...
Chin Strain Posted 2 March, 2010 Share Posted 2 March, 2010 Got to love this skate post on POL... apparently the squad is worth the full £38m (once you add £2.5m Nugent back in) I'm rashly assuming he didn't have an 'm' key on his computer, and incredibly surprised that he worked out that 1000 x 1000 is £1m. Got to love the way he undervalues Belhadj and Boateng, yet believes that Brown, Mokeona, Smith and Webber are worth £2m each! Utaka at £3.5m and James and Rocha at £1m each (despite being out of contract) are also comedy gold. What a bell end Link to comment Share on other sites More sharing options...
Crab Lungs Posted 2 March, 2010 Share Posted 2 March, 2010 Got to love this skate post on POL... apparently the squad is worth the full £38m (once you add £2.5m Nugent back in) Lol, love that... how clueless? Revised - best prices considering the age/contract status' of some players...: 1 GK David James (captain) free 3 DF Ricardo Rocha free 4 MF Aaron Mokoena 250k 5 MF Jamie O'Hara (on loan from Tottenham Hotspur) 6 MF Hayden Mullins 250k 7 DF Hermann Hreiðarsson (vice-captain) 0k 8 MF Papa Bouba Diop 500k 9 FW Frédéric Piquionne (on loan from Lyon) 11 MF Michael Brown (vice-captain) 250k 14 FW Quincy Owusu-Abeyie (on loan from Spartak Moscow) 15 GK Antti Niemi free 16 DF Steve Finnan free 17 FW John Utaka 2.5M 18 DF Anthony Vanden Borre (on loan from Genoa) 19 FW Danny Webber 100k 20 FW Tommy Smith 1M 21 GK Jamie Ashdown 750k 22 MF Richard Hughes 500k 23 MF Kevin-Prince Boateng 3M 24 FW Aruna Dindane (on loan from Lens) 25 DF Duško Tošić 0kk (he's not ours though is he) 26 DF Tal Ben Haim 2M 27 FW N****wo Kanu free 32 MF Hassan Yebda (on loan from Benfica) 33 MF Angelos Basinas free 35 DF Marc Wilson 2M 37 MF Gaël N'Lundulu 39 MF Nadir Belhadj 8M 40 DF Joel Ward 43 DF James Hurst 44 DF Luke Wilkinson 46 DF Lennard Sowah Er.... I got 21,050,000!!! weird... pretty much what HMRC said Link to comment Share on other sites More sharing options...
Crab Lungs Posted 2 March, 2010 Share Posted 2 March, 2010 make no mistake, HMRC are getting physical: Link to comment Share on other sites More sharing options...
Chin Strain Posted 2 March, 2010 Share Posted 2 March, 2010 Lol, love that... how clueless? Revised - best prices considering the age/contract status' of some players...: 1 GK David James (captain) free 3 DF Ricardo Rocha free 4 MF Aaron Mokoena 250k 5 MF Jamie O'Hara (on loan from Tottenham Hotspur) 6 MF Hayden Mullins 250k 7 DF Hermann Hreiðarsson (vice-captain) 0k 8 MF Papa Bouba Diop 500k 9 FW Frédéric Piquionne (on loan from Lyon) 11 MF Michael Brown (vice-captain) 250k 14 FW Quincy Owusu-Abeyie (on loan from Spartak Moscow) 15 GK Antti Niemi free 16 DF Steve Finnan free 17 FW John Utaka 2.5M 18 DF Anthony Vanden Borre (on loan from Genoa) 19 FW Danny Webber 100k 20 FW Tommy Smith 1M 21 GK Jamie Ashdown 750k 22 MF Richard Hughes 500k 23 MF Kevin-Prince Boateng 3M 24 FW Aruna Dindane (on loan from Lens) 25 DF Duško Tošić 0kk (he's not ours though is he) 26 DF Tal Ben Haim 2M 27 FW N****wo Kanu free 32 MF Hassan Yebda (on loan from Benfica) 33 MF Angelos Basinas free 35 DF Marc Wilson 2M 37 MF Gaël N'Lundulu 39 MF Nadir Belhadj 8M 40 DF Joel Ward 43 DF James Hurst 44 DF Luke Wilkinson 46 DF Lennard Sowah Er.... I got 21,050,000!!! weird... pretty much what HMRC said Doh! Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 2 March, 2010 Share Posted 2 March, 2010 Big LOL at Colin Farmery on Solent... 'Well it's not a completely positive step....' - he did put the presenter right though, who was trying to lead the whole 'HMRC Bad Boys' routine. CF seemed to put across that finally some clarity would be given. In the meantime, I feel I've seen Pompey's future.................. Link to comment Share on other sites More sharing options...
Crab Lungs Posted 2 March, 2010 Share Posted 2 March, 2010 I was at a Portsmouth game last week. The bloke next to me called me a c()nt. I was going to punch his lights out, but I couldn't be bothered walking round the pitch. Link to comment Share on other sites More sharing options...
aintforever Posted 2 March, 2010 Share Posted 2 March, 2010 Lol, love that... how clueless? Revised - best prices considering the age/contract status' of some players...: 1 GK David James (captain) free 3 DF Ricardo Rocha free 4 MF Aaron Mokoena 250k 5 MF Jamie O'Hara (on loan from Tottenham Hotspur) 6 MF Hayden Mullins 250k 7 DF Hermann Hreiðarsson (vice-captain) 0k 8 MF Papa Bouba Diop 500k 9 FW Frédéric Piquionne (on loan from Lyon) 11 MF Michael Brown (vice-captain) 250k 14 FW Quincy Owusu-Abeyie (on loan from Spartak Moscow) 15 GK Antti Niemi free 16 DF Steve Finnan free 17 FW John Utaka 2.5M 18 DF Anthony Vanden Borre (on loan from Genoa) 19 FW Danny Webber 100k 20 FW Tommy Smith 1M 21 GK Jamie Ashdown 750k 22 MF Richard Hughes 500k 23 MF Kevin-Prince Boateng 3M 24 FW Aruna Dindane (on loan from Lens) 25 DF Duško Tošić 0kk (he's not ours though is he) 26 DF Tal Ben Haim 2M 27 FW N****wo Kanu free 32 MF Hassan Yebda (on loan from Benfica) 33 MF Angelos Basinas free 35 DF Marc Wilson 2M 37 MF Gaël N'Lundulu 39 MF Nadir Belhadj 8M 40 DF Joel Ward 43 DF James Hurst 44 DF Luke Wilkinson 46 DF Lennard Sowah Er.... I got 21,050,000!!! weird... pretty much what HMRC said I wouldn't be surprised if some of those you quoted fees for wouldn't be able to be given away. It's all about the wages, for example if Utaka is on half the reported 80k a week there is no way he would command a fee. When they go down it will be the Leeds/Fowler scenario where they are paying a proportion of his wages for years after he left for nothing. Link to comment Share on other sites More sharing options...
BigShadow Posted 2 March, 2010 Share Posted 2 March, 2010 I'm rashly assuming he didn't have an 'm' key on his computer, and incredibly surprised that he worked out that 1000 x 1000 is £1m. Got to love the way he undervalues Belhadj and Boateng, yet believes that Brown, Mokeona, Smith and Webber are worth £2m each! Utaka at £3.5m and James and Rocha at £1m each (despite being out of contract) are also comedy gold. What a bell end Looks like Storrie-Teller has some tough negotiations ahead to offload his £38m worth of players. Something like this.... ST: Hey, Utaka. Great news - We have accepted a bid from Aston Villa of £2.5m. Utaka: What they payin? ST: They will make you a top-earner. Utaka: How much? ST: More than any other player at the club. They really want you. Its a great deal. Utaka: HOW MUCH??? ST: £30,000 per week plus bonuses. Utaka's agent: HaHaHa.......oh, you're serious? No thanks - we'll stay here and pick up double that until you go bust - then get a nice fat signing on fee as a free agent with a new club. Cheers, Peter. ST: But....but....you HAVE to go. Please.....pretty please. (Utaka walks off.) ST: Hi Belhadj. Great News - etc. etc. etc Fact is - PCFC would struggle to give half of their players away for free unless the players benefit financially. Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 2 March, 2010 Share Posted 2 March, 2010 Just announced that the Android will be on Talksport after 7pm tonight. Be interesting to hear what he has to say. Link to comment Share on other sites More sharing options...
$$$ Posted 2 March, 2010 Share Posted 2 March, 2010 and for those of you who want a sneak preview into part 2... 9pm tonight? LOL, how about getting a clue and spending your time cheering on the team I presume you support. The skates have a good point about some people posting on this thread... Link to comment Share on other sites More sharing options...
View From The Top Posted 2 March, 2010 Share Posted 2 March, 2010 9pm tonight? LOL, how about getting a clue and spending your time cheering on the team I presume you support. The skates have a good point about some people posting on this thread... Crab Lungs lives in Spain. Link to comment Share on other sites More sharing options...
$$$ Posted 2 March, 2010 Share Posted 2 March, 2010 Can't see Sky pix, unfortunately, but would Terry the Builder be Terry Clarke? If it is, he's owed a fortune by the club for work he has carried out, so which hat does he put on to his thick head? Is it the fans' hat, which makes him indignant to the 'injustice' being meted out. Or is it his businessman's hat which should make him say: "I've been royally shafted by this bunch"? Is he the nobber that got the box in the Itchen North when they first got promoted? Link to comment Share on other sites More sharing options...
$$$ Posted 2 March, 2010 Share Posted 2 March, 2010 Crab Lungs lives in Spain. and? Any normal person would be spending their time hitting F5 on the main forum or BBC, trying to get a online feed etc. They would certainly not putting the finishing touches to a comic strip about their rivals during a game. As I said, the skates have a point about certain people posting on this thread... Link to comment Share on other sites More sharing options...
SOTONS EAST SIDE Posted 2 March, 2010 Share Posted 2 March, 2010 I like how Poopey luvin MERIDIAN totally glossed over they're court case, with limited positive only quotes from Android. And Ballo putting in £15m to tie them over till the end of the season!!! LOL Link to comment Share on other sites More sharing options...
St Chalet Posted 2 March, 2010 Share Posted 2 March, 2010 Ok, my take on today from having read the judges statement and some of the esteemed prosecution council on here. The salient points: Tania Robins gave evidence that the money was loaned to Falcondrone, and not PCFC. No evidence has been provided that Portpin have injected any money into PCFC to justify their charge on Fratton Park, thus making them a secured creditor. Normal administrations are funded by selling the assets to repay the admin fees to restructure the business. Nothing was stated to say the club could currently function without a prop, thus we can deduce that on their own they are insolvent. If the loan was to Falcondrone then it is fair that Portpin could register a charge against FP. I have seen the document filed at Companies House and apart from the potential conflict of interest on Fuglers part it checks out. The Loan instrument GM alluded to is not available for public download (or simply not available). Enter our hero SAF. Imagine you owned a car with a friend 50/50. It cost you £10k to buy and your mate took a £10k loan out against it using the car as security then defaulted. Would it be right that he could use the full value of an asset as security, knowing that if he defaulted you would lose your half of the car - in essence it is something that he couldn't agree to and I suspect the loan company couldn't enforce if it was shown as a joint asset. Back to SAF, if he owned 10% of PCFC did he ever get £1.7m of the £17m loan, same principle should apply as above. It is complicated by the fact that PCFC have other assets (no really, they must have) but you get my drift. In a normal company, it would have been very easy for the admin team to have proved the loan from baloo to the club. I suspect as they were using the bank of Fuglers the statements are not as regular or obtainable as a high street bank, none the less they should have been able to shed light on that shadow there and then. Congrats to Baloo on being the first of the muppets to have any money! I would venture he has £15m in the bank because he doesn't plough it into dodgy business ventures. As others have noted, why not use it earlier to make the asset more saleable and keep it in the prem? As my learned friend would say, all conjecture of course. Link to comment Share on other sites More sharing options...
Thedelldays Posted 2 March, 2010 Share Posted 2 March, 2010 and? Any normal person would be spending their time hitting F5 on the main forum or BBC, trying to get a online feed etc. They would certainly not putting the finishing touches to a comic strip about their rivals during a game. As I said, the skates have a point about certain people posting on this thread... has saints kicked off yet then...? maybe he has two windows open during the game one with a commentry feed, the other browsing or making pompey comedy strips it is fairly easy to multi task on the web Link to comment Share on other sites More sharing options...
bridge too far Posted 2 March, 2010 Share Posted 2 March, 2010 has saints kicked off yet then...? maybe he has two windows open during the game one with a commentry feed, the other browsing or making pompey comedy strips it is fairly easy to multi task on the web What :smt107 Even for a man? Link to comment Share on other sites More sharing options...
Delmary Posted 2 March, 2010 Share Posted 2 March, 2010 (edited) Just announced that the Android will be on Talksport after 7pm tonight. Be interesting to hear what he has to say. Talksport live: http://www.talksport.co.uk/mediaplayer/media_player.asp?sListenLive=yes&c=&t=&preroll=on Interview on at 8:30. Excellent! Half-time entertainment sorted. Edited 2 March, 2010 by Delmary Link to comment Share on other sites More sharing options...
Crab Lungs Posted 2 March, 2010 Share Posted 2 March, 2010 and? Any normal person would be spending their time hitting F5 on the main forum or BBC, trying to get a online feed etc. They would certainly not putting the finishing touches to a comic strip about their rivals during a game. As I said, the skates have a point about certain people posting on this thread... LMAO. I've got SaintsPlayer. I live in Spain. I've stayed behind at work to listen to the game. Committed enough for you? I reeeeeeeally hope so. I don't know what constitutes 'normal' to you...lol Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 2 March, 2010 Share Posted 2 March, 2010 Talksport live: http://www.talksport.co.uk/mediaplayer/media_player.asp?sListenLive=yes&c=&t=&preroll=on Android will be on at about 8.30 apparently Link to comment Share on other sites More sharing options...
Crab Lungs Posted 2 March, 2010 Share Posted 2 March, 2010 Crab Lungs lives in Spain. Ah, thank you.... has saints kicked off yet then...? maybe he has two windows open during the game one with a commentry feed, the other browsing or making pompey comedy strips it is fairly easy to multi task on the web ...and thank you too. I think it's all pretty self-explanatory now...0 Link to comment Share on other sites More sharing options...
hypochondriac Posted 2 March, 2010 Share Posted 2 March, 2010 make no mistake, HMRC are getting physical: I really don't think someone will pay 8 mill for Belhadj. Link to comment Share on other sites More sharing options...
dune Posted 2 March, 2010 Share Posted 2 March, 2010 LMAO. I've got SaintsPlayer. I live in Spain. I've stayed behind at work to listen to the game. Committed enough for you? I reeeeeeeally hope so. I don't know what constitutes 'normal' to you...lol Not been in Puerto banus for a few years now, does it still have the sex shop on the front? Link to comment Share on other sites More sharing options...
Crab Lungs Posted 2 March, 2010 Share Posted 2 March, 2010 Not been in Puerto banus for a few years now, does it still have the sex shop on the front? Haha, is it a stupid question to ask 'which one?' Do you mean the one behind the main waterfront? If so, then yes - though I've never seen it open. That said, I'm normally not around there that much! Plenty of prossies, escorts and sex shops knocking around Marbella - only yesterday had a Colombian working girl messaging me on FB randomly :-o Link to comment Share on other sites More sharing options...
dune Posted 2 March, 2010 Share Posted 2 March, 2010 Go up the hill into Nueva Andalucia and there's a good pub with a snooker table that serves best bitter. I spent many hours in there. Link to comment Share on other sites More sharing options...
Crab Lungs Posted 2 March, 2010 Share Posted 2 March, 2010 Go up the hill into Nueva Andalucia and there's a good pub with a snooker table that serves best bitter. I spent many hours in there. The Nueva Andalucia hill, as in... Peggotty's way? Or are we talking 'The Point', 'El Jardin' Nueva Andalucia area? The Horseshoe? Sorry... lol Link to comment Share on other sites More sharing options...
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