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Pompey Takeover Saga


Fitzhugh Fella

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I understand that completely Johnny and am glad you said it. Because if you had "got away with it" 99% of Saints fans would have been happy with the decision. It's the moral superiority on here about Pompey's situation that really bugs me when I know that if the roles were reversed there wouldn't be this laughable moral outrage about the situation and you'd be crossing your fingers that someone bought you and that the 9 points was all you got as a penalty. I understand Saints fans enjoying the situation but it's the hypocrisy that I find hard to take.

 

You are talking out of your putrid skate @rse. Read these replies from our fans, when we learnt of our administration and 10 point penalty on this thread. We took it on the chin, you whiney pr !ck...

 

Didn't think it would happen but we deserve it,not us fans but the club.

 

No more than what we deserved RL wasnt being as clever as he thought. So does it start next season then.

 

It's the correct decision and inevitable ... but an absolute disaster for SFC all the same.

 

The decision to postpone administration until after the end-March deadline must have been the product of extreme stupidity and/or arrogance.

 

As things stand, I think that the 10 point deduction at the start of next season is the least of our problems.

 

There is zero percent chance of winning an appeal.

 

What the League have done is right and fair.

 

Even after administration, the "Investors" section on the OS said that SLH was a company whose principal business was the running of a football club. The useless ****wits who thought that they could escape the 10 point deduction on a technicality didn't even think to remove the self-incriminating evidence from their own website.

 

Uselss f***ers.

 

If I were a shareholder in SLH I would seriously contemplate suing old Cherry Face.

 

Not really a surprise, we deserved it. Hopefully it will hurry up whoever is buying the club...

 

I'm of the opinion that we should just accept this punishment in the hope that any potential investor will now be able to come up with an offer knowing all the facts. Starting life in League One on -10.

 

If we appeal or contest the decision, the chances are that this whole saga will drag on even more, and the Football League are unlikely to change their decision based on the fact that other clubs such as Bournemouth and Luton will be considering their own legal action.

 

There are too many ramifications should the Football League go back on their decision, and I fully expect them to close up this 'loop-hole' so that this scenario doesn't arise again in the future.

 

I'm absolutely gutted to hear this news, but not in the least bit surprised. Still hurts hearing it confirmed though. No we all need to just show our support to the club in the hope that someone is willing to take us over and begin rebuilding our once great club.

 

Rich, you obviously have no clue how administrators work. There is NO way that he will incur legal costs, on the chance that the Club will somehow avoid a 10 point deduction and somehow increase the asset value of SLH. The main reason for this is that an administrator does not have the protection in law that a company does, ie he is PERSONALLY liable for any losses to the creditors, that occur as a result of his actions.

 

A new owner will probably throw a few quid at a law suit, if they think it is worth the effort, but the cost of doing this has already been/will be knocked off the value of SLH...

 

Mate, the game is up...

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The worm has turned.

 

OK we still knock him because his view is slanted to the Few (obviously)

 

But the nice thing is, Corpy gets it.

 

There is one HELL of a lot wrong with English Football as many posters and many Journalists have written.

 

PFC deserve to hurt because of their cheating "glory" days, BUT IF just IF the end result is that they take down the crooks in Football, they show up Dave Richards for the fool he was in recommending Al Mirage, then although we'd never give them credit, their slow death would have helped the game.

 

And no I am NOT being sympathetic towards them. They are proven Cheats

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And there were very many, myself included, who just accepted the fact and sucked it up because, believe it or not, we deserved it.

 

It's your ongoing cheating that really ****es us off.

 

Of course - many accpeted it and many others didnt. Difficult to compare the two situations like for like but as VFTT has outlined it does look like the cheating of the league, cup and government.

 

If it was the other way skate fans would feel the same no doubt.

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if we are talking sensibly to Corp for a mo, for me the worst cheating was not the overspending or the insolvent trading but specifically the misleading of the Prem in January when false accounts were presented to force open the transfer window and bring back in O'Hara and Quincy - players who were brought in to strengthen an already overpaid squad.

Having an unregistered player on the bench didn't help in the cup game either.

Also around that time there were a couple of players who miraculously bought out their club contracts elsewhere and became free agents before joining.

It was obvious what had gone on and at a time when any troubled business would have been cutting costs and a football club in trouble would have been clearing as many players as possible, the Pompey wage bill increased.

There was no attempt to address debt and even the redundancies were a sham - 23 fulltime and 60 part time was it?

These have not been the actions of a business trying to save money - this is the first time that a football club in this state hasn't tried to save itself and has gambled other people's money on everything.

If you put these issues alongside pervy Grant continually talking rubbish, you are inviting people to launch scathing attacks - and this is the place to find them.

 

A good way to move forward would be for the few to drop the arrogant stance and accept reality, and for the club's representatives to stop bleating about being hard done by and to cut out all the twaddle about 'what goes on off the pitch is irrelevant'.

 

It's very clear that the club misled the authorities to gain competitive advantage.

 

It is also clear that financial skullduggery has been going on for years, the tax situation should be enough to shame any sensible supporter.

As for your new hero, Grant is either a liar or an idiot - he had no idea there were financial problems, he knew nothing about points penalties or contracts or much at all, but he knew that the 250K fans are the best, the whole community needs the club, except maybe those whose local businesses have been royally shafted.

As long as the prossy-botherer continues to spout drivel, the dislike of what many now accept as a cheating club will grow - and his league record is hilarious so we support the campaign to get him knighted or whatever.

 

If Grant and more of the remaining Pompey fans tried some humble pie and stopped denying the obvious truth, there might even be some who would move somewhere towards sympathy....but as long as we have to put up with these ridiculous versions of events, the cries of 'cheats' will gather volume.

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Despite you lot bleating on about getting away with it and cheating etc etc etc ad nauseum we've got an administrator who's clearly only interested in fleecing as much money for Chainrai as possible (as he's done before for previous dodgy clients) who is doing as much as possible to obstruct potentially interested parties, who hasn't carried out the forensic accounting after 8 (!) weeks on the job and whose valuation of our "debt" (despite Chainrai and Gaydamak not actually really not being owed anything, or certainly nothing like the numbers being bandied about) seems to rise and fall like a Paulsgrove girl's knickers on a Saturday night.

 

Here's a serious question for you, Corp. As you'll recall, once the winding-up petition was served by HMRC the business could only be put into administration by a secured creditor - and Chainrai duly obliged. If, as you suggest, Chainrai is owed nothing (or very little) by PFC, then I can't see how he can be a secured creditor. So, following this logic, he shouldn't have been able to put the business into administration, and PCFC would have been liquidated. Is that your reading of it?

 

Another thing. Your claims of the majority of Pompey fans being wise to what's going on don't hold much water if you look at the meek acceptance of Andronikou's guff at a meeting with fans shortly before the cup semi-final, which I'm sure you'll have seen. They just lapped it all up, sans question or comment. And these were supposedly well-informed, intelligent supporters.

 

For what it's worth, I reckon you're spot on about Andronikou and the reason he's there (as opposed to any other potential administrator). And I'm deeply sorry that I took the liberty of editing your post while quoting it - shockingly bad form. ;)

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The genius that Chanrai hired as an administrator has informed the Portsmouth Supporters Trust of the level of debts and I quote:

 

2. What is the size of the debt?

 

Total debt now £100m, broken down as:-

£22m Football Creditors, £32m Gaydamak Trust, £5m Suliman Al Fahim, £18m Al Faraj, £5m General eg local traders, £17-18m HMRC (although £9m of this is disputed vat payment), £16-17m Football Creditors, £14m approx Portpin, £8-9m Football Agents.

 

Those economists amongst us may be able to spot the minor mathematical error, i.e. the above figures add up to around £138M.

 

Read more from the Q & A session here. The guys a buffoon and the Pompey Trust lapped it up...

 

....seat on the board, anyone?

 

What, or why, are there two separate items for, in reference to Football Creditors. ?. Why are they not both 'banked' together. ?.

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Sorry, but if unsecured football creditors have to be paid 100%, how can other unsecured creditors be paid any less (as legally don't all unsecured creditors have to agree to receive the same x pence in the pound?)

 

I think they can because the PL are acting as a clearing bank. All monies are paid through the PL and do not become pompeys till they are given it.

 

If the money became pompeys then it would be illeagal to pay one creditor in advance of another whilst in administration.

 

It is ironic that Barclays are sponsoring the PL yey the PL are running a huge opperation to avoid banking

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if we are talking sensibly to Corp for a mo, for me the worst cheating was not the overspending or the insolvent trading but specifically the misleading of the Prem in January when false accounts were presented to force open the transfer window and bring back in O'Hara and Quincy - players who were brought in to strengthen an already overpaid squad.

Having an unregistered player on the bench didn't help in the cup game either.

Also around that time there were a couple of players who miraculously bought out their club contracts elsewhere and became free agents before joining.

It was obvious what had gone on and at a time when any troubled business would have been cutting costs and a football club in trouble would have been clearing as many players as possible, the Pompey wage bill increased.

There was no attempt to address debt and even the redundancies were a sham - 23 fulltime and 60 part time was it?

These have not been the actions of a business trying to save money - this is the first time that a football club in this state hasn't tried to save itself and has gambled other people's money on everything.

If you put these issues alongside pervy Grant continually talking rubbish, you are inviting people to launch scathing attacks - and this is the place to find them.

 

A good way to move forward would be for the few to drop the arrogant stance and accept reality, and for the club's representatives to stop bleating about being hard done by and to cut out all the twaddle about 'what goes on off the pitch is irrelevant'.

 

It's very clear that the club misled the authorities to gain competitive advantage.

 

It is also clear that financial skullduggery has been going on for years, the tax situation should be enough to shame any sensible supporter.

As for your new hero, Grant is either a liar or an idiot - he had no idea there were financial problems, he knew nothing about points penalties or contracts or much at all, but he knew that the 250K fans are the best, the whole community needs the club, except maybe those whose local businesses have been royally shafted.

As long as the prossy-botherer continues to spout drivel, the dislike of what many now accept as a cheating club will grow - and his league record is hilarious so we support the campaign to get him knighted or whatever.

 

If Grant and more of the remaining Pompey fans tried some humble pie and stopped denying the obvious truth, there might even be some who would move somewhere towards sympathy....but as long as we have to put up with these ridiculous versions of events, the cries of 'cheats' will gather volume.

 

Wise words. You have a way of putting things I'm sure many of us would like to say.

 

Whereas when I read corpy-ho-ho-ho I find myself laughing so much I must stop as I fear my head may drop off.

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They make me laugh, do they not realize that if they 'do hang', then they as a club, will get massive points deductions next season, So the fun factor continues;)

 

http://www.fansonline.net/portsmouth/mb/view.php?id=261031

 

I reckon you're right ... public interest and all that

 

reality's gonna bight 'em soon..I hope? I don't care if they're made an example of .. and it's sad that they're connected to us but football's gotta change and be in in line with the general publics standards of behaviour

 

 

:lol::lol:

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And before anyone says "you didn't say that when Gaydamak was there", you're right. But whatever he was doing he wasn't using the club as a pawn in an argument between himself and a rival.

 

HTH

 

No, but it has been suggested he was using it to launder blood money.

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Because if you had "got away with it" 99% of Saints fans would have been happy with the decision. It's the moral superiority on here about Pompey's situation that really bugs me when I know that if the roles were reversed there wouldn't be this laughable moral outrage about the situation and you'd be crossing your fingers that someone bought you and that the 9 points was all you got as a penalty. I understand Saints fans enjoying the situation but it's the hypocrisy that I find hard to take.

 

So, the beetroot-faced one attempted to get the points deduction waived on a technicality, when he could have put us into administration before the deadline and avoided the points deduction, but was pig-headed enough to believe that something would turn up to keep us alive and him in charge. In the event, he badly misjudged the situation and many on here predicted that his ploy would not succeed. We were forced into administration ultimately for the sake of a few thousand pounds.

 

Please do not overlook the fact that there was massive jubilation and gloating at our misfortune from your end of the M27 before you speak of hypocrisy.

 

For a reasonably intelligent Skate, I'm surprised that it seems to have escaped you that the situations between the two clubs are so vastly different. You yourself have highlighted your theory that there have been some very dodgey dealings at your club, effectively money-laundering. Three of the major players at the club, Redcrapp, Storrie and Mandaric, face criminal charges. Your administrator also has a bad reputation from previous questionable ethics. The Skates owe a very large sum to the Taxman. You were undoubtedly trading while insolvent, a criminal offence.

 

You might detest this moral outrage from our end and call it hypocritical, but it doesn't show very much balance for you not to acknowledge that we were not guilty of anything other than having a level of debt higher than we could sustain, even though it was a pittance compared to yours. Whilst you are attempting to reconcile yourself to that proposition, you could also reflect that part of that shortage of income was exacerbated by a proportion of our fans boycotting matches because of the Chairman, an action that does at least hint at a stance taken on moral grounds.

 

There is a futility in accusing us of hypocrisy in a hypothetical situation whereby we might have found ourselves in a similar state to that which has befallen your lot, when for all their faults, our board seem to have generally acted with a degree of propriety. I can understand that this is an alien concept for the cheats and fraudsters that have attached themselves to your club. It is no surprise to me at all that we should find your situation so delicious, as it is seldom that one finds the rats clambouring on board a sinking ship.

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Despite you lot bleating on about getting away with it and cheating etc etc etc ad nauseum we've got an administrator who's clearly only interested in fleecing as much money for Chainrai as possible (as he's done before for previous dodgy clients) who is doing as much as possible to obstruct potentially interested parties, who hasn't carried out the forensic accounting after 8 (!) weeks on the job and whose valuation of our "debt" (despite Chainrai and Gaydamak not actually really not being owed anything, or certainly nothing like the numbers being bandied about) seems to rise and fall like a Millbrook girl's knickers on a Saturday night.

 

We're not "cheating" by not playing a fuill strength side, we're resting players so they don't get injured. You've done the same in the past and clubs do it every week. So please stop whining about it, it's dull and boring.

 

 

I'm not looking for an argument but what exactly do you feel is different between you resting 8 players for a game against Wigan and Wolves who rested a similar amount of players against Man Utd as they didnt want any of the first teamers injured for their game vs Burnley? Wolves were given a 25k fine so why are Portsmouth different in your opinion?

 

Clearly to me at least the difference is your lot not wanting to pay out on bonuses or extending contracts, I'm not sure I believe AA when he talks about all players waiving their rights regards these extra payments at the end of the day most footballers dont have the same love for a club that us fans do! Surely by not playing you're first choice team as you say to "save them from injury" then pompey are disregarding the prems rules on playing a first strength team, they are available, they are your best players and you have chosen to de-value a game by doing this.

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Clearly to me at least the difference is your lot not wanting to pay out on bonuses or extending contracts, I'm not sure I believe AA when he talks about all players waiving their rights regards these extra payments at the end of the day most footballers dont have the same love for a club that us fans do! Surely by not playing you're first choice team as you say to "save them from injury" then pompey are disregarding the prems rules on playing a first strength team, they are available, they are your best players and you have chosen to de-value a game by doing this.

 

I never normally agree with Skates, but Lowe did exactly the same thing last year. I didn't feel we cheated and I dont think they've cheated on this narrow issue.

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Corpy: We're not "cheating" by not playing a fuill strength side, we're resting players so they don't get injured. You've done the same in the past and clubs do it every week. So please stop whining about it, it's dull and boring.

 

I actually don't care about the weakened team bit, it's that toad-faced tw0t Grant mithering on about how dreadfully unfair it all is and how they should get an award for being so brave that really hacks me off.

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Corpy: We're not "cheating" by not playing a fuill strength side, we're resting players so they don't get injured. You've done the same in the past and clubs do it every week. So please stop whining about it, it's dull and boring.

 

I actually don't care about the weakened team bit, it's that toad-faced tw0t Grant mithering on about how dreadfully unfair it all is and how they should get an award for being so brave that really hacks me off.

 

+1

 

Which inevitably leads to a media 'love-in' on 'Plucky Pompey'..

 

You know the 'plucky pompey' who have cheated the taxpayers of this country for a cool £19+M...

 

Yep. 'Honest Plucky Pompey'

 

Saw on Twitter that John Prescott was campaigning for Labour in Portsmouth the other day. I sent him a DM to ask if he was popping round to Fratton Park to collect the HMRC money.

 

He didn't reply. No surprise there then...

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+1

 

Which inevitably leads to a media 'love-in' on 'Plucky Pompey'..

 

 

I think some in the press are coming around to view that they are CHEATING.

 

The hardcopy (not online) of the Observer has Paul Wilson column (page 6) which has a piece titled

"Pompey have no licence to rip up rules".

 

(some quotes)

"When it was decided that teams entering administration should automatically incur a league points deduction, it did not seem to occur to anyone that similar sactions in other competitions would be both fair and logical......

....

Everton and Villa are grumbling now because after another season of working hard, staying technically solvent and just missing out on the top prizes, the possibility has emerged that the league's worst run club could leapfrog them into Europe

....

But if the Portsmouth do not expect to be kicked when they are down or punished any more than necessary, neither should they expect preferential treatment when they have done so little to deserve it".

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We went to Yeovil yesterday & met up with my brother and his family. He's more of a rugger-b*gger really and when Ii mentioned how much Poopey getting to the cup final had p1ssed me off he was genuinely surprised, saying 'they are your nearest team, don't you support them when Saints aren't playing?'

He just couldn't get it (maybe all that scrumming has addled his brain), so I said ask my (sixteen year-old) son what he thought of them, and he did.

And his reply (and oh, it makes a father so very proud) was,

I hate the cheating skate b*st*rds.

Highlight of an alround good day.

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Portsmouth administrator Andrew Andronikou on BBC 5 live: "We've had discussions with a number of first-team players and we've resolved some contractual issues over playing in the FA Cup final - and the only player who is not available is Aruna Dindane. The chairman of his club Lens has dug his heels in - he wants four million euros for him to play another game for Portsmouth and we are not in a position to pay that. I've asked the player and his agent to go and see the club. I'm hoping something positive will happen from that a meeting will take place shortly."

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According to the taters just now, on seeing AA in the crowd:

 

"They have re-engaged two staff - one the training ground manager" (Tug someone??)

 

"They hope to have some positive news by the end of next month."

 

How can he re-engage staff when he's supposed to be cutting costs?

 

Think the players are paying wages of the two staff

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Need them to win their last 3 games so it's the 9 point deduction that relegates them, otherwise they will not have been punished yet.

 

Great to see the 'best fans in the world' all staying behind and singing loudly for their team - but why were they all wearing claret and blue replica shirts?

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Solent didn't read out my text I sent at half-time...wonder why?

 

After they had Lucius Malfoy on going on about how often they've been to Wembley...I texted....

 

'Adam, if Pompey win and there's a party afterwards, as taxpayers do we all get invited?'

 

They did read out a few weeks ago that 'Josef Fritzl is coming to match tonight with his family'. I don't think he realised that one, and if the guy did he hid it well.

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According to the taters just now, on seeing AA in the crowd:

 

"They have re-engaged two staff - one the training ground manager" (Tug someone??)

 

"They hope to have some positive news by the end of next month."

 

How can he re-engage staff when he's supposed to be cutting costs?

 

I think Tug Wilson is back at the training ground and paid for by the players...

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I just look forward to seeing them get mauled in the final, all the players on their ass crying.

 

Because the momment that whistle blows they will then feel the pain of it all. They will then know what suffering is as they fall from grace and struggle to stay even in the CCC. Their whole situation is a big two fingers up at clubs like Us, leeds,Luton etc...

 

Mr Orford things they are long suffering fans who deserve nothing but greatness, if he thinks that is suffering then he will probably hang himself this time next year!

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Closing footage just now on match of the day 2....Portsmouth administrator signing autograph for a 'fan' as he arrived at the ground....adrian chiles stunned amazement! :-)

 

If AA had a shred of integrity, he would not have signed it. What a complete cant

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I don't see this as a news story, with his previous activity and the current financial statements we all knew that AA was happy to sign anything.

 

Anyway, the people who are now criticising were queuing up with me to have their photos taken with Mark Fry when we were on the verge of oblivion, I still have his signed tie framed in my office.

Gathering autographs and memorabilia of insolvency practioners doesn't make you a looney.

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Oh well, good news I suppose....

 

Thanks to the Volcano, won't be any overseas buyers flying in to save them for a while.....

 

 

 

 

 

 

 

As if :-)

 

I'm sure they'll use that as an excuse, claiming that it is a conspiracy against them; they now need more time and compensation and Riquelme, Ronaldo and Buffon are just waiting for the cloud to clear...

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I'm sure they'll use that as an excuse, claiming that it is a conspiracy against them; they now need more time and compensation and Riquelme, Ronaldo and Buffon are just waiting for the cloud to clear...

 

Buffoon is already there!

 

Goes by the name of Androniku I beleive ;)

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Daddy Gaymarec's mentor and partner in gun running. former French Minister of the Interior, Charles Pasqua, goes on trial today in Paris. Should be nice to see what that digs up in links to business dealings in a certain football club.

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big their fans up

 

Isn't it Ian Darke commentating? He's a skate fan. Course he's gonna big 'em up.

 

In reality, he must be embarrassed at all the empty seats! It truly is pathetic support.

 

Good referee though. Thoroughly neutral. Listed as from Wiltshire, but dont let that interfere with the fact he was born on the I.o.W and and has been known to be a 'skate' fan in the past.

Little wonder some of his decisions left much to be desired.

We've experienced some of Mr Probert's efforts at St Mary's, in the past

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