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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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anothersaintinsouthsea

anothersaintinsouthsea

Posted
Posted

Fuller version

 

Thank you for enquiring on this business. A member of The FT staff will be in touch shortly.

 

From: fakesheik@loadsofmoneyhonest.com

 

Message

I have lots of money to pour into any failing business with no assets. I will forward proof of funds within 48 hours f'sure.

 

Telephone number: 0898 17 000 000

 

Address

MoneylaunderMansion

Packofcards Avenue

Builtonsandville

 

FOP PFO

Angola

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holepuncture

holepuncture

Posted
Posted

I have lodged a serious (!) expression of interest on behalf of some liquid heavy individuals, I have requested more information on there income (!?!) and debt situation.

 

For him to talk about a man like HMRC like that, well hes gone down in my estimation...

 

I would LOVE IT if I were able to take them for a ride, LOVE IT!

 

COYR & COYHMRC

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dubai_phil

dubai_phil

Posted
Posted
Portsmouth Fishy Football Club For Sale

 

Business description

By order of the Joint Administrators Andrew Andronikou, Peter Kubik and Michael Kiely of UHY Hacker Young.

Expressions of interest- whenever you can get it to us, but bear in mind we have 12 other serious buyers, and the emails to prove it.

Preliminary details available on completion of confidentiality agreement, or we can meet you at your dads house.

For due diligence visit here http://www.saintsweb.co.uk/forum/showthread.php?p=645914&posted=1#post645914

For more information contact Charles Sale c/o Daily Mail, HMRC, HM Courts Service, or Dubai Phil

 

You Barsteward, I went downstairs to cook dinner, came back up here and my fecking hotmail account has 8,972 new emails.

 

Luckily most of them seemed to have Sheikh something in the address, but one caught my eye from some guy called Mugabe with an address in Africa.

 

Have promised him the full and committed support of our team of experienced professionals.

 

 

Oh and I quoted him a 2% engagement fee. I reckoned 30mil x 2% divided equally amongst the posters on here is not going to be far off 5 quid each for next year's subs.

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dubai_phil

dubai_phil

Posted
Posted

For those of you putting together your own professional Mergers & Acquisitions operations, may I suggest some good background reading material. It takes some googling but should give you all the buzz words and Press statements you need to avoid.

 

Just Google

 

Bournemouth Echo Marc Jackson Takeover

 

It's so easy, anyone can do it

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Mower

Mower

Posted
Posted

I posted on this thread on Sunday relating to Pompeys situation and followed it up with an e-mail to the PL. (I obviously have too much time on my hands!)

 

Anyway, they responded today. Please see below:

 

Thank you for taking the time to write to The Premier League.

 

 

 

The Premier League Board has followed the Premier League Rule Book to the letter in terms of the player registration embargo imposed on Portsmouth Football Club and the withholding of broadcast monies in order to pay overdue football creditors, including both domestic and overseas clubs. The embargo was lifted with provisos in place to try to help prevent any further financial difficulties.

 

 

 

I fully appreciate your concern as a football supporter. All decisions regarding the setting of the Rules are taken by a vote of the Chairman of all 20 clubs and not by Premier League staff. The role of the Board is to implement the Rules on behalf of the clubs once they have been set.

 

 

 

As a League we have several rules aimed at ensuring good governance of Premier League clubs. We are not, however, responsible for the day-to-day running of the football clubs. One of the rules pertaining to the situation at Portsmouth is the Fit and Proper Persons Test (“FAPPT”), and it may be helpful if I explained a little more about this ruling. The FAPPT is an objective test that looks at whether an individual is allowed to become a Director of a Premier League club. The test does not focus on finance but checks that any individual looking to become an owner/director of a club has not been convicted of an offence that has led to a 12 month prison sentence in the UK (or overseas in a country where an equivalent legal system exists).

 

 

 

You may also be interested to know that we strengthened the FAPPT last summer, and added a new rule meaning that all clubs must publicly disclose any individual that has a 10% or more stake in a club. This was introduced so that fans are made aware of who owns their club. This goes above and beyond any requirements by UK Company Law and are, to our knowledge, some of the sternest in place in any UK industry.

 

 

 

We understand that Portsmouth supporters, as well as supporters of other league clubs will have concerns about the difficult position in which the club now finds itself. We would like to assure you that the Premier League Board continues to work with the officers of Portsmouth Football Club to ensure that arrangements are in place to settle all club liabilities as and when they become due.

 

 

 

Thank you once again for taking the time to contact us, we appreciate all feedback that we receive from supporters.

 

 

 

Communications Team

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CFSt.Matt

CFSt.Matt

Posted
Posted
Thank you for enquiring on this business. A member of The FT staff will be in touch shortly.

 

From: appyarry@fullbrownenvelopes.com

 

Message

I'm sick and tired of watching while this sh*tty little club is being plundered and pillaged by non-football people who only care about screwing the poor cretins of Portsmouth out of everything they hold dear. It's time us professionals got involved again and finished the job properly. F'sure.

 

Telephone number: 01202 735***

 

Address

TaxFree Towers

Sandbanks

Poole

Dorset

BH12 2FU

United Kingdom

 

He's all heart.

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Dark Munster

Dark Munster

Posted
Posted
Some interesting points from the administrators

 

http://www.fansonline.net/portsmouth/article.php?id=1346

 

 

Players could defer wages - Waiting on an answer from PFA....whoops same guy 4 lines later says this hasn't been discussed yet :rolleyes:

 

Gaydamak is owed 30 million

 

Footballing Debts still 8 milllion

 

Jacobs not on the pay roll...... Just helping out for free :D

 

 

PL Chairmen vitoed allowing them to sell players early (Not that they want to)

 

They are confident they will have the paper work in time to prove chainrai lent to portsmouth and not falcondrone (So basically they havent got it as yet....seems very strange to me)

 

Have loans been secured on the club against future revenue ie Parachute Payments or Season Ticket money?

MK - Honest answer is that he doesn't know at present, but is looking at it as we speak.

 

 

So if, as I suspect, loans have been secured on future parachute payments, why the **** has there even been a suggestion that the PL may advance these parachute payments to the skates?

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Fowllyd

Fowllyd

Posted
Posted
IMO they need someone to ante up enough dough to pay the players wages, in return for some sort of exclusivity deal. Therefore, related to payday, I reckon...

 

Right on the button there, I'd say. In fact, I'm sure Andronikou made a statement to the effect that he wanted one or other of the two "very interested" (guffaw!) parties to stump up £3.5M to cement their interest. Put another way (and he did say this too) he was looking for money to cover the next lot of salary payments. I'm not sure if either of said parties is still around now...

 

Another point: when we were in administration, Mark Fry was looking for one seventh of that amount for exclusivity. He needed that money for exactly the same reason - to pay the salaries. So, unless I'm wrong, we were paying the same amount in wages every week that Pompey are currently paying every day!

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Weston Super Saint

Weston Super Saint

Posted
Posted
Right on the button there, I'd say. In fact, I'm sure Andronikou made a statement to the effect that he wanted one or other of the two "very interested" (guffaw!) parties to stump up £3.5M to cement their interest. Put another way (and he did say this too) he was looking for money to cover the next lot of salary payments. I'm not sure if either of said parties is still around now...

 

Another point: when we were in administration, Mark Fry was looking for one seventh of that amount for exclusivity. He needed that money for exactly the same reason - to pay the salaries. So, unless I'm wrong, we were paying the same amount in wages every week that Pompey are currently paying every day!

 

To be fair, one of his lackies in that Q&A thingy stated the wages [in total] were more like £4m per month :shock:

 

Would scare the sh1t out of me if I was an investor :shock:

 

Luckily though, they've had an awful lot more people registering their interest today :D

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Fowllyd

Fowllyd

Posted
Posted
To be fair, one of his lackies in that Q&A thingy stated the wages [in total] were more like £4m per month :shock:

 

Would scare the sh1t out of me if I was an investor :shock:

 

Luckily though, they've had an awful lot more people registering their interest today :D

 

Yes, I'm so glad that they have good news like this to help keep their spirits up. :lol:

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dubai_phil

dubai_phil

Posted
Posted
Have loans been secured on the club against future revenue ie Parachute Payments or Season Ticket money?

MK - Honest answer is that he doesn't know at present, but is looking at it as we speak.

 

 

So if, as I suspect, loans have been secured on future parachute payments, why the **** has there even been a suggestion that the PL may advance these parachute payments to the skates?

 

 

 

DM, I think it is pretty clear that PL rules will not allow the PL to "Advance Parachute Payments". Personally if I could I'd have a bet on it.

 

What the PL CAN do is to assign the PL Parachute money to a 3rd party, who has previously been approved by the PL as a financial services provider.

 

That money can then be "Loaned" to the "club" with a whole raft of strings attached.

 

This will avoid the "special treatment" cries and as the process is basically approved anyway can be shown to be nothing new.

 

Of course those strings will be pretty strong, starting with (IMHO) "You will STFU about appealing the 9 points dedution" and continuing with "to be used to pay creditors including HMRC to avoid WUO and save them for the rest of the season

 

Of course it will not be enough to let HMRC approve a CVA which rolls their troubles over into next season when they can feel the full weight of the FL.

 

They survive but get an extra year of problems for their new owners TSW.

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Gingeletiss

Gingeletiss

Posted
Posted
DM, I think it is pretty clear that PL rules will not allow the PL to "Advance Parachute Payments". Personally if I could I'd have a bet on it.

 

What the PL CAN do is to assign the PL Parachute money to a 3rd party, who has previously been approved by the PL as a financial services provider.

 

That money can then be "Loaned" to the "club" with a whole raft of strings attached.

 

This will avoid the "special treatment" cries and as the process is basically approved anyway can be shown to be nothing new.

 

Of course those strings will be pretty strong, starting with (IMHO) "You will STFU about appealing the 9 points dedution" and continuing with "to be used to pay creditors including HMRC to avoid WUO and save them for the rest of the season

 

Of course it will not be enough to let HMRC approve a CVA which rolls their troubles over into next season when they can feel the full weight of the FL.

 

They survive but get an extra year of problems for their new owners TSW.

 

This is all well and good, but!!

 

What happens if they are lent this money from the 'third party lender', say Friday, then are liquidated next week (just one of many scenareos), the PL would still have to give said money to the third party lender. Um!!, I thought in cases like that, if the situation were to arise, that money would be passed on down to the FL clubs.

 

IMO, the PL will be setting yet another prescident, one that again, could come back and haunt them via the courts.

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dubai_phil

dubai_phil

Posted
Posted
This is all well and good, but!!

 

What happens if they are lent this money from the 'third party lender', say Friday, then are liquidated next week (just one of many scenareos), the PL would still have to give said money to the third party lender. Um!!, I thought in cases like that, if the situation were to arise, that money would be passed on down to the FL clubs.

 

IMO, the PL will be setting yet another prescident, one that again, could come back and haunt them via the courts.

 

Which is why nothing will happen until AFTER the court case and why the PL has stayed silent so far

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ST Randy

ST Randy

Posted
Posted

I see that well over 18,000 of the bestest fans in the world (18,465 to be exact)managed to get themselves down to Nottarf krap for tonight's match.

 

If they end up playing Fulham in the semi, what's the betting that Wembley will only be 75% full ??? LOL

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Amesbury Saint

Amesbury Saint

Posted
Posted
I see that well over 18,000 of the bestest fans in the world (18,465 to be exact)managed to get themselves down to Nottarf krap for tonight's match.

 

If they end up playing Fulham in the semi, what's the betting that Wembley will only be 75% full ??? LOL

 

I think you misunderstood the attendance figure ...... 18465 were actually locked out becuase they had yet another full house.

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Channon's Sideburns

Channon's Sideburns

Posted
Posted
Well, they lost....

 

According to the commentator Hreidarsson has been relegated with 4 clubs and "Pompey will make it 5".. "just like Noel Blake"....

 

Funniest thing was just before half-time when Andy Awful was trying to put over that 'over the two games, Saturday was the one they wanted to win'...haha yeah easy to say that when you're two down....

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ST Randy

ST Randy

Posted
Posted
I think you misunderstood the attendance figure ...... 18465 were actually locked out becuase they had yet another full house.

 

Of course. That explains why AFC Pompey will get gates of 12,000 in the depths of non league football.:)

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rallyboy

rallyboy

Posted
Posted

Grant arrogantly announced after they cheated their way through at the weekend, 'our spirit can't be broken!'

Big words but the facts tell a different story - whoops, there go another three points.

I wonder how he got on with his theatrical bowing to the fans tonight, or is the craggy-faced prossie-botherer getting selective about when he does that?

He has evolved from shrewd coach to fan-pleasing yes man who is either stupid or desperate for work.

I look forward to him blaming the authorities again, it's not fair etc.

 

Well done Brum, another nail in the coffin.

Poor crowd, rubbish display, taxman waiting in the wings, justice around the corner.

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bluejob

bluejob

Posted
Posted
Yeah, ok...some facts:

 

Liverpool in the PL in 2010. 4 wins, 3 draws and 2 defeats - 15 points from 27.

 

Pompey in the PL in 2010 1 win, 2 draws, 5 defeats - 5 points from 24.

 

Oh.

 

We beat them comfortably at FP this season. Last night they were beaten by the worst team we have faced this season (worst by some distance). A team is not simply a sum of it's component parts which is why I say again we are both s***. Who is currently the s***est we can revisit after the game can't we?

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Weston Saint

Weston Saint

Posted
Posted
We beat them comfortably at FP this season. Last night they were beaten by the worst team we have faced this season (worst by some distance). A team is not simply a sum of it's component parts which is why I say again we are both s***. Who is currently the s***est we can revisit after the game can't we?
Wigan....a team higher in the league than you on merit. Get it in your blue skull you are bottom of the league for one reason only and that despite cheating the tax man and consequently all of us who dutyfully pay tax.

 

Go find another forum

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hamster

hamster

Posted
Posted
We beat them comfortably at FP this season. Last night they were beaten by the worst team we have faced this season (worst by some distance). A team is not simply a sum of it's component parts which is why I say again we are both s***. Who is currently the s***est we can revisit after the game can't we?

 

 

So how much are you putiiing on this dead cert out of interest?

 

fwiw I have them as one of my bankers this weekend, your lot better not start messing up my accumulators or else I will not be happy bunny (read hamster).

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altoniansaints

altoniansaints

Posted
Posted

Just got in from work been told tonight that they`ve missed thier deadline to file accounts with uefa so that they can enter european competitions next season so even if they win (or finish runners up to Chelsea) the FA cup they wont be able to play. Also the head of youth development has told all youth team players not to contact him anymore and to contact the office instead!

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Saint in Paradise

Saint in Paradise

Posted
Posted (edited)

The club could submit a retrospective application for a Uefa licence, but their financial predicament makes it unlikely this would be granted.

 

http://news.bbc.co.uk/sport2/hi/football/teams/p/portsmouth/8558580.stm

 

Also from 606 : :D

 

 

It may be a blessing in disguise - if we start next season with a small squad and a points deduction, we will not need the distraction of extra games

 

PompeyWallasey

 

 

Oh yes just a thought, I hope GM doesn't find my post boring seeing as I am an ex pat who is not called Pat

 

.

Edited by Saint in Paradise
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Under Weststand

Under Weststand

Posted
Posted

http://www.fansonline.net/portsmouth/article.php?id=1346

n2557686230_9963.jpg

I think the biggest load of bull to come out of this, is that the administrators have been in charge since the 26th of Feb that's 11 day's not including the 1st day they took over. Now they came in with an SOA waiting on the table for them which should have immediately given them a good idea of the s**te they were in, or am I wrong? Yet they are claiming that they still don't have accurate figures on overall debt WTF, they then claim transfer instalments owed are AROUND 8-million etc etc. The do seem a little vague on what their doing at Poopey & if the claims are true, then just what have they been doing for those eleven days. Trying to glue bits of paper back together from the shredder maybe!

Love that buisness for sale on the FT web site is Hilarious.

Asking price: Undisclosed (we will take anything)

Sales revenue: Undisclosed (not much)

Net profit: Undisclosed (you must be having a laugh)

Fixtures value: Undisclosed (only worth as scrap-age)

Stock value: Undisclosed (ZERO)

 

Keep the comedy coming.

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