Pompey Takeover Saga

[sidthesquid]

85 out of 600 is just a pinch of salt. Not good for the 85. but still nowhere near enough to make a difference thou!!!

 

I think you'll find it was nearer 300 than 600 (the rest being matchday stewards, ballboys etc). It is just conceivable that Storrie exaggerated the numbers in a previous attempt to hget sympathy

[explorer saint]

On SSN 30 mins ago - they said HMRC have dropped its challenge to PCFC's administration - so no court appearance next week?

 

Anyone else hear that?

 

Yes thought heard the same but no further mention of this

[OldNick]

Yes thought heard the same but no further mention of this

If this is true perhaps people will now agree that Pompey will get away with it...as i say if it is true that they have avoided court

[PaulSaint]

I dont think they'll get away with it, it will just be a long lingering slide / death in the lower leagues instead of the quick "head off" that HMRC wanted to deliver?

[dronskisaint]

:smt038 Lol You are all Heart Crabby, Theres me thinking you were just a bitter pony fiddler smarting from a real shyt weekend, After Trammers shafted you into the realization its 3rd div for you next season. And the blue few cheat there way to a seme at Wembaleeeeee,But no i was wrong.

As you say,( Being shut down will be better for the fans.):smt008

 

See - there you go proving that any sympathy would be both misplaced & wasted...let's just say you are getting yours & we're loving it!

 

Here's a fun scenario - kicked out of the cup as having cheated your way there so no Wembley, kicked out of business for having cheated (amongst many others) the HMRC...kicked...no that's enough of a kicking for the time being!

 

Bye skate

[CB Saint]

If the HMRC have dropped the administration challenge then it's points deduction time.

[Crab Lungs]

:smt038 Lol You are all Heart Crabby, Theres me thinking you were just a bitter pony fiddler smarting from a real shyt weekend, After Trammers shafted you into the realization its 3rd div for you next season. And the blue few cheat there way to a seme at Wembaleeeeee,But no i was wrong.

As you say,( Being shut down will be better for the fans.):smt008

 

I would rather suffer death by pony-fiddling in my part of Hampshire than be sat in half empty shed, listening to a c()nt ringing a cow bell for 2 hours, whilst suckering up the smell of decaying fish and being surrounded by mongoloid, inbred mutations that could, quite frankly, very well pass as the next group of 'baddies' in the new series of Dr Who.

 

 

So, yeah, plenty of love here.

[dubai_phil]

It is always bitterly sad when people lose their jobs and have their entire lives threatened or even ruined because of the actions of Incompetent Management in any walk of business life.

 

My sympathies to the 85

[View From The Top]

If this is true perhaps people will now agree that Pompey will get away with it...as i say if it is true that they have avoided court

 

Shut up you tedious fool.

 

If there is no court case they get their -9 as soon as a meeting of the EPL board is convened.

[OldNick]

Shut up you tedious fool.

 

If there is no court case they get their -9 as soon as a meeting of the EPL board is convened.

And so you think -9 (something they are capable of overturning and staying up) is rightful punishment for what they have done????? In my opinion Pompey will be getting away with it if that is their biggest sanction.

Yes they may well be relegated, but the people who have seemingly not done things by the book will have not felt the true punishment.

[bridge too far]

And so you think -9 (something they are capable of overturning and staying up) is rightful punishment for what they have done????? In my opinion Pompey will be getting away with it if that is their biggest sanction.

Yes they may well be relegated, but the people who have seemingly not done things by the book will have not felt the true punishment.

 

And you know this how? Story Teller has another court case to face as do others connected with the club in the past. If, as Ron says, there's to be an expose in the Guardian in the next day or two, who's to know what might crawl out of the woodwork.

 

(I wish I knew how to do acute accents on here )

[Hatch]

sod the 85,

 

if you sleep with the devil.....

[TopGun]

I think you'll find it was nearer 300 than 600 (the rest being matchday stewards, ballboys etc). It is just conceivable that Storrie exaggerated the numbers in a previous attempt to hget sympathy

 

Yep, agreed. Storrie was lying again about the amount of staff to try to persuade the court to go gentle on them. He is really is a class 1 sh*t from the very top drawer.

[St Chalet]

And so you think -9 (something they are capable of overturning and staying up) is rightful punishment for what they have done????? In my opinion Pompey will be getting away with it if that is their biggest sanction.

Yes they may well be relegated, but the people who have seemingly not done things by the book will have not felt the true punishment.

 

And they never will. They and their now Persil smelling money are long gone.

[TopGun]

And you know this how? Story Teller has another court case to face as do others connected with the club in the past. If, as Ron says, there's to be an expose in the Guardian in the next day or two, who's to know what might crawl out of the woodwork.

 

(I wish I knew how to do acute accents on here )

 

é is ctrl-alt-e all at the same time.

[OldNick]

And you know this how? Story Teller has another court case to face as do others connected with the club in the past. If, as Ron says, there's to be an expose in the Guardian in the next day or two, who's to know what might crawl out of the woodwork.

 

(I wish I knew how to do acute accents on here )

Well I hope that justice is properly served.

[dubai_phil]

And so you think -9 (something they are capable of overturning and staying up) is rightful punishment for what they have done????? In my opinion Pompey will be getting away with it if that is their biggest sanction.

Yes they may well be relegated, but the people who have seemingly not done things by the book will have not felt the true punishment.

 

Not sure how the law stands these days (being a Johnny Foreigner and all that) but if I recall there is some sort of precedent that says "I was only doing my job Guv" isn't actually a defence in major criminal legal cases?

 

Now if I could only remember when that one was first trotted out?

[Fowllyd]

é is ctrl-alt-e all at the same time.

 

You can also do it with just Alt Gr+e - this works for other vowels too. á é í ó ú

[Thedelldays]

And so you think -9 (something they are capable of overturning and staying up) is rightful punishment for what they have done????? In my opinion Pompey will be getting away with it if that is their biggest sanction.

Yes they may well be relegated, but the people who have seemingly not done things by the book will have not felt the true punishment.

no they are not

[View From The Top]

no they are not

 

Swear he's 'kin autistic and the "get away with it" mantra is where he's stuck.

[View From The Top]

And so you think -9 (something they are capable of overturning and staying up) is rightful punishment for what they have done????? In my opinion Pompey will be getting away with it if that is their biggest sanction.

Yes they may well be relegated, but the people who have seemingly not done things by the book will have not felt the true punishment.

 

Can you not see how far this has left to play out?

 

Jesus Christ, get a 'kin grip.

[dune]

85 staff made redundanat today.

[tony13579]

Before the job cuts the club had a staff of 166 full-time employees, and 154 part-time.

 

+ match day staff!

 

320 people

I am wondering how that brakes down???

10 grounds staff

10 IT staff

10 shop staff

30 players looked after by...

30 chuafers

30 phyisios

30 dieticians

30 personal trainers

30 relatives of storrie

30 girls in a horton heath industrial unit

30 secretaries

30 offshore banking experts

18 managers

A tea lady and a warehouse worker.

[St Chalet]

+ match day staff!

 

320 people

I am wondering how that brakes down???

10 grounds staff

10 IT staff

10 shop staff

30 players looked after by...

30 chuafers

30 phyisios

30 dieticians

30 personal trainers

30 relatives of storrie

30 girls in a horton heath industrial unit

30 secretaries

30 offshore banking experts

18 managers

A tea lady and a warehouse worker.

 

and not 1 Internal Auditor I bet.

[tommi]

Can you not see how far this has left to play out?

 

Jesus Christ, get a 'kin grip.

 

I'm with Nick all the way here, if they are not liquidated then they have 'got away with it'

 

-9, relegation, a few years in the championship and possibly lower it's nothing to them, a drop in the ocean with all things considered. PFC should not exist in it's current guise but as far as I can see they will be playing at Wembley in the next few weeks, continue to fullfill thier premier league fixtures and continue to exist going forwards. I'd say they have more than got away with it.

 

Perhaps it's you who needs to get a 'kin grip?

[Faz]

£18m HMRC

£30m Gheydamak

£22m Chainrai and rising?

£8m Football creditors

 

£78m. Gheydamak and Chainrai are secured. HMRC will not agree a CVA. So, even if they're not wiped off the face of the earth, how do they survive next season?

 

A buyer will need to take on a debt mountain in the knowledge they have a championship club starting on minus whatever points, no ground, no training ground, no Academy, no players??. They cannot use the TV money just to pay off debts - they will need that to pay off contracts.

 

What is all this nonsense about proof of funds. I've got a pound down the back of the sofa. Is he looking for £30m to pay off the unsecured creditors, and accepting £40m of debt?

 

Why would Chainrai fund the administration, and the running costs? What is in it for him?

 

I still smell lightly grilled bread.

[Weston Saint]

Nugent has just equalized for Burnley against Stoke. Poetic justice for Pompey

[Saints foreva]

So what has happened today? Any good/bad news for Pompey fans?

[Channon's Sideburns]

http://news.sky.com/skynews/Home/UK-News/Administrators-Of-Portsmouth-FC-Andrew-Andronikou-Make-85-Staff-Redundant/Article/201003215571339?lpos=UK_News_First_Buisness_Article_Teaser_Region_1&lid=ARTICLE_15571339_Administrators_Of_Portsmouth_FC_Andrew_Andronikou_Make_85_Staff_Redundant

 

Case from HMRC HAS been dropped.

 

I smell a bigger storrie developing......HMRC would not drop it without something bigger in the wings....*hopefully*

[Amesbury Saint]

Friend of mine, a pompey season ticket holder has said there is a massive rumour of the Guardian breaking a big story in the next 48 hours. May involve money laundering.

 

any more news on this?

[dubai_phil]

So what has happened today? Any good/bad news for Pompey fans?

 

Nickh thinks they'll get away with it.

[Ponty]

I'm not sure I understand, or care, anymore.

 

I said this 12,000 posts ago, btw, and it seems to have come to fruition.

 

http://www.saintsweb.co.uk/forum/showpost.php?p=584620&postcount=8738

[Channon's Sideburns]

I'm not sure I understand, or care, anymore.

 

I said this 12,000 posts ago, btw, and it seems to have come to fruition.

 

http://www.saintsweb.co.uk/forum/showpost.php?p=584620&postcount=8738

 

The ironic thing for me is that by dropping the case at this late stage....

 

The HMRC have WASTED TAXPAYER'S MONEY.

 

What about the money they owe???????

[Channon's Sideburns]

http://www.guardian.co.uk/football/2010/mar/10/portsmouth-peter-storrie-andrew-andronikou

 

and yet no mention of HMRC backing down....

[Weston Saint]

any more news on this?

No. Another of my contact is out of the loop at present so cannot contact his source.

[anothersaintinsouthsea]

http://news.sky.com/skynews/Home/UK-News/Administrators-Of-Portsmouth-FC-Andrew-Andronikou-Make-85-Staff-Redundant/Article/201003215571339?lpos=UK_News_First_Buisness_Article_Teaser_Region_1&lid=ARTICLE_15571339_Administrators_Of_Portsmouth_FC_Andrew_Andronikou_Make_85_Staff_Redundant

 

Case from HMRC HAS been dropped.

 

I smell a bigger storrie developing......HMRC would not drop it without something bigger in the wings....*hopefully*

 

That's not quite how the BBC are reporting it. Seem its only Android saying they should now be satisfied, nothing to confirm that HMRC has dropped it, just Sky adding 2+2

 

HM Revenue and Customs (HMRC) has been seeking a winding up order against the club, and Portsmouth is due in the High Court next Monday, as revenues and customs officials have challenged the terms of the club's administration.

 

He said that the authorities "should now be satisfied" that his appointment as administrator was valid.

http://news.bbc.co.uk/1/hi/business/8560834.stm

[OldNick]

Can you not see how far this has left to play out?

 

Jesus Christ, get a 'kin grip.

So if SSN are correct do you think they are toast?

[bridge too far]

The ironic thing for me is that by dropping the case at this late stage....

 

The HMRC have WASTED TAXPAYER'S MONEY.

 

What about the money they owe???????

 

But HAVE HMRC given up on the money they're owed? All they've done, as I see it, is to drop the case that challenged Baloo's right to appoint the android as administrator.

 

Given that they've come down hard on Cardiff and Southend today for piffling amounts, I can't imagine they'll give up easily on the millions owed by PFC.

[Johnny Shearer]

http://news.sky.com/skynews/Home/UK-News/Administrators-Of-Portsmouth-FC-Andrew-Andronikou-Make-85-Staff-Redundant/Article/201003215571339?lpos=UK_News_First_Buisness_Article_Teaser_Region_1&lid=ARTICLE_15571339_Administrators_Of_Portsmouth_FC_Andrew_Andronikou_Make_85_Staff_Redundant

 

Case from HMRC HAS been dropped.

 

I smell a bigger storrie developing......HMRC would not drop it without something bigger in the wings....*hopefully*

 

Not liking that. Either they have been paid one way or another or as CS suggests maybe something bigger/worse.

[CB Saint]

I feel for Storrie, I really do.

 

Imagine having to take a 40% pay cut which leaves you on less that £500k pa. I mean how can anyone be expected to live on such a pittance.

 

He has such a tight grip on the trough that even the Administrator can't get him to let go. 4rsehole

[Weston Saint]

If HMRC are not persuing then they are obviously satisfied with the documentation the Administrator has produced. They did say they were not against Administration as such.

 

So we are now in a position where -9 will apply. Even trying to be generous to PFC on points from remaining matches and having them 15th in the table, applying the -9 bought them back to 19th.

 

We can content ourselves that Administration has damaged them and they are going to have to cut back even further and that assumes they will find a buyer.

 

The game is not up, it is just moving into a new phase and PFC is still on the critical list

[stevegrant]

Badly-written article, no more, no less.

 

The only circumstance that they would not pursue the case in its current form is if the appointment of the administrator is proven to be valid, but nothing has been said in a statement by either party to suggest this is the case yet. If the appointment is valid, they'll be deducted 9 points and the winding-up petition will be stayed - not dropped.

 

They certainly wouldn't "drop" the case, i.e. say "no, don't worry about all that money you owe us", anyone seriously thinking they've done that is on another planet.

[View From The Top]

So if SSN are correct do you think they are toast?

 

Yes.

 

Fu©king hell, is it that hard to see how this is all heading?

[dubai_phil]

http://bleacherreport.com/articles/359695-the-storrie-of-the-blues

 

Oh I did enjoy reading that

[dubai_phil]

Yes.

 

Fu©king hell, is it that hard to see how this is all heading?

 

Of course you can't.

 

Don't forget this has been the You Couldn't Make it Up thread for some time now.

 

:-D

[View From The Top]

Of course you can't.

 

Don't forget this has been the You Couldn't Make it Up thread for some time now.

 

:-D

 

Apparently they are going to get off the hook, what with them being great a all.

[dubai_phil]

Apparently they are going to get off the hook, what with them being great a all.

 

now come on, we;ve seen some far fetched stuff these past months but that is just one step too far into the realms of unbelievable

[rallyboy]

the spin continues.

 

Andrew Andronikou told a packed press conference at Fratton Park that 23 full-time staff have left the club.

 

But the bulk of employees made redundant - 62 - were part-time staff.

 

So 85 staff made redundant?

No, 23 made redundant and some part-timers axed too, from the imaginary 600, or is it 320?...

 

Why do they continue to mislead the court, the taxman, their staff, fans and the media?

There has been no great cull or cost cutting, just some light pruning that will make no dent in the £4M wagebill - the gravy train chugs on - and continues to crash.

 

And AA seems to be the only one who thinks the taxman has backed down......

[anothersaintinsouthsea]

http://bleacherreport.com/articles/359695-the-storrie-of-the-blues

 

Oh I did enjoy reading that

 

That's bloody brilliant, presumably the author spent some time on here for research!

[JustMike]

You can also do it with just Alt Gr+e - this works for other vowels too. á é í ó ú

 

i wonder if Alt Gr is the angry version of Alt?

 

i know, i know...coat :-(