Katalinic Posted 22 October, 2009 Share Posted 22 October, 2009 Now that has all cheered me up on a cold winter's evening. Lol. Link to comment Share on other sites More sharing options...
Thedelldays Posted 22 October, 2009 Share Posted 22 October, 2009 lol Link to comment Share on other sites More sharing options...
CB Fry Posted 22 October, 2009 Share Posted 22 October, 2009 hahahaha!! http://www.guardian.co.uk/football/2009/oct/22/ali-al-faraj-portsmouth Faraj admits he knows nothing about football, is in it for the cash and 'aint a billionaire... there's a suprise!!! It's the gift that keeps on giving. I'm starting to worry the Riquelme deal is going to fall through in January. Link to comment Share on other sites More sharing options...
Thedelldays Posted 22 October, 2009 Share Posted 22 October, 2009 It's the gift that keeps on giving. I'm starting to worry the Riquelme deal is going to fall through in January. I think the only way he can make a profit (if at all) is to retain their prem status.. should they go down...then LOL Link to comment Share on other sites More sharing options...
aintforever Posted 22 October, 2009 Share Posted 22 October, 2009 "We did not have the £5m but we agreed with three banks to finance the acquisition, and they approved it based on the club financial guarantees we provided, such as annual revenue from TV coverage, and the income of the club real estate and other assets" They are paying the players wages using next season's parachute payments! If they go down they will pass through the Championship like a 3 day old prawn vindaloo. Link to comment Share on other sites More sharing options...
rallyboy Posted 22 October, 2009 Share Posted 22 October, 2009 What could be funnier than a potless fantasist buying Pompey? Two of them doing it!! He must be quite important if he had to go to three banks to borrow £5M, at what must be hefty repayment rates. The debt is climbing, Storrie is going to court, the laughs keep coming. It can't get any funnier.... (I said that yesterday, but it has!) Link to comment Share on other sites More sharing options...
View From The Top Posted 22 October, 2009 Share Posted 22 October, 2009 I'd love to hear our pet skates take on these revelations. Link to comment Share on other sites More sharing options...
Evil Monkey Posted 22 October, 2009 Share Posted 22 October, 2009 'We plan to be at the club for no less than 6 months!' Brilliant. Now thats the kind of dedication all football fans want for their club. Link to comment Share on other sites More sharing options...
Clapham Saint Posted 22 October, 2009 Share Posted 22 October, 2009 hahahaha!! http://www.guardian.co.uk/football/2009/oct/22/ali-al-faraj-portsmouth Faraj admits he knows nothing about football, is in it for the cash and 'aint a billionaire... there's a suprise!!! "Our plan is to stay at the club for a period of not less than six months" :smt046 ""We did not have the £5m but we agreed with three banks to finance the acquisition, and they approved it based on the club financial guarantees we provided, such as annual revenue from TV coverage" :smt046 "Faraj initially felt Portsmouth, £70m in debt, would not be a sound investment" :smt046 Link to comment Share on other sites More sharing options...
stevegrant Posted 22 October, 2009 Share Posted 22 October, 2009 "We did not have the £5m but we agreed with three banks to finance the acquisition, and they approved it based on the club financial guarantees we provided, such as annual revenue from TV coverage" Errr... didn't Peter Storrie say only a few weeks ago that all of the cash from the TV revenue was going straight into the hands of Standard Bank to repay the loans to them? If so, how have they managed to secure a loan based on something that's already securitised?! "Faraj initially felt Portsmouth, £70m in debt, would not be a sound investment" I suspect he should have backed his initial judgement, to be fair... Link to comment Share on other sites More sharing options...
Joesaint Posted 22 October, 2009 Share Posted 22 October, 2009 This is great news, can't believe it is this poo. How can they afford anything now?? Anyone know a link so I can laugh at there thoughts on this ha ha Link to comment Share on other sites More sharing options...
Merovingian Posted 22 October, 2009 Share Posted 22 October, 2009 hahahaha!! http://www.guardian.co.uk/football/2009/oct/22/ali-al-faraj-portsmouth Faraj admits he knows nothing about football, is in it for the cash and 'aint a billionaire... there's a suprise!!! got told that interview was never given and now its been pulled. Link to comment Share on other sites More sharing options...
smithy Posted 22 October, 2009 Share Posted 22 October, 2009 Serves them all right for gloating like they did, now they seem to be getting their just desserts. Natural order will soon be resumed. All quiet on the eastern front? Link to comment Share on other sites More sharing options...
Clapham Saint Posted 22 October, 2009 Share Posted 22 October, 2009 Errr... didn't Peter Storrie say only a few weeks ago that all of the cash from the TV revenue was going straight into the hands of Standard Bank to repay the loans to them? If so, how have they managed to secure a loan based on something that's already securitised?! (As I understand it) The money received in August went straight to Standard Chartered. This loan would be secured against the money due to be received in January/August 2010... I suspect he should have backed his initial judgement, to be fair... You and me both. Link to comment Share on other sites More sharing options...
Merovingian Posted 22 October, 2009 Share Posted 22 October, 2009 the article is not factually though is it. Link to comment Share on other sites More sharing options...
Clapham Saint Posted 22 October, 2009 Share Posted 22 October, 2009 the article is not factually though is it. Although you are correct that the link isn't working any more I think it unlikely that the guardian printed something like that giving direct quotes with nothing to back it up. Link to comment Share on other sites More sharing options...
Merovingian Posted 22 October, 2009 Share Posted 22 October, 2009 club are going to issue a statement, it is also believed the sun and SSN refused to run the story, it has been suggested the fake doc has something to do with this the circus continues Link to comment Share on other sites More sharing options...
Gigersaint Posted 22 October, 2009 Share Posted 22 October, 2009 Story can still be found here. http://www.allthesoccer.com/wsn/guardian.php Link to comment Share on other sites More sharing options...
Thedelldays Posted 22 October, 2009 Share Posted 22 October, 2009 in todays 'News' in the PO area...I believe it said that storrie is getting done for Tax dodging.. Link to comment Share on other sites More sharing options...
dubai_phil Posted 22 October, 2009 Share Posted 22 October, 2009 OK I admit to the inside track on Sultan Bin Trump. I had to rely on Google and interpretation on Ali Al Faraj And it may be the case that The Graundiad got it wrong But BOY is it funny To every single one of them who welcomed Rupert back, to those who posted on here when they were "Excitely showing an Arab around" hahahahahahahahahahahahahahahahahahahahahahhahaha Who cares if they sort it out, sometimes the Journey is so much more than the Final Destination (IV) Link to comment Share on other sites More sharing options...
saint lard Posted 23 October, 2009 Share Posted 23 October, 2009 I might have a giggle over my first cup of tea of the day.... http://www.mirrorfootball.co.uk/news/New-Portsmouth-owner-is-NOT-a-billionaire-and-plans-to-sell-up-in-just-six-months-article197983.html Link to comment Share on other sites More sharing options...
Merovingian Posted 23 October, 2009 Share Posted 23 October, 2009 interesting to see if it gets pulled as per the identical article in the guardian Link to comment Share on other sites More sharing options...
stevegrant Posted 23 October, 2009 Share Posted 23 October, 2009 interesting to see if it gets pulled as per the identical article in the guardian Not much point in pulling that one as they ran it as their back page headline in the print edition today. What an almighty mess Link to comment Share on other sites More sharing options...
Merovingian Posted 23 October, 2009 Share Posted 23 October, 2009 its good for a laugh, fortunately I feel quite detached from Portsmouth and all its circus fayre at the moment so its not really making me feel miserable which is nice. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 23 October, 2009 Share Posted 23 October, 2009 interesting to see if it gets pulled as per the identical article in the guardian ..and The Mail, Express, Mirror etc?????? Link to comment Share on other sites More sharing options...
Saint_clark Posted 23 October, 2009 Share Posted 23 October, 2009 its good for a laugh, fortunately I feel quite detached from Portsmouth and all its circus fayre at the moment so its not really making me feel miserable which is nice. Fair weather, etc. Link to comment Share on other sites More sharing options...
Merovingian Posted 23 October, 2009 Share Posted 23 October, 2009 no saint clark just that there are more imoportant things in life than football to worry about and what can I as a fan actually do about it - whats the point in stressing over something I have no control over ? Incidentaly - apparently the club are starting legal proceedings against the newspapers running this story as those quotes were allegedly never given, be interesting to see if this really is the truth Link to comment Share on other sites More sharing options...
OldNick Posted 23 October, 2009 Share Posted 23 October, 2009 if the guardian has pulled the article they must feel it is dodgy. What I dont understand with the Skates like Merovingian who are intelligent, why do they give Storrie such an easy ride.He is being paid 1.2m and has brought this circus to town TWICE. Now we have had incompitence at our club but nothing like that. IMO the best thing that could happen for Pompey is that he gets the push and then a chairman with a bit more about them could come in. Forget not he lauded both and gave the fans the hope. Link to comment Share on other sites More sharing options...
Lets B Avenue Posted 23 October, 2009 Share Posted 23 October, 2009 Legal proceedings will probably be the only way to get some money in this season. Link to comment Share on other sites More sharing options...
Scummer Posted 23 October, 2009 Share Posted 23 October, 2009 PFC Statement Portsmouth FC owner Ali Al Faraj would like to assure fans that quotes attributed to him in a Saudi Arabian newspaper and subsequently published in some of today's tabloid press, are completely false and untrue. Mr Al Faraj has not given any interviews to any form of the media and legal proceedings will now begin against the publications that published the alleged quotes and interview. The club believes this is the work of a third party who will also face legal action. The same Saudi Arabian newspaper last week published a story on Portsmouth FC quoting Sulaiman al Fahim and the content was subsequently retracted. He's denying it. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 23 October, 2009 Share Posted 23 October, 2009 Legal proceedings will probably be the only way to get some money in this season. lol Link to comment Share on other sites More sharing options...
Micky Posted 23 October, 2009 Share Posted 23 October, 2009 if the guardian has pulled the article they must feel it is dodgy. What I dont understand with the Skates like Merovingian who are intelligent, why do they give Storrie such an easy ride.He is being paid 1.2m and has brought this circus to town TWICE. Now we have had incompitence at our club but nothing like that. IMO the best thing that could happen for Pompey is that he gets the push and then a chairman with a bit more about them could come in. Forget not he lauded both and gave the fans the hope. Have to say - I tend to agree with this. NEEDED - New Broom to Sweep Clean. Time to clear out a lot of the deadwood and start again. Let's be honest, the whole situation is farcicle and whilst we may derive great pleasure in watching the Blue Few lurch from one disaster to another - it hardly does the reputation of football in this country any favours whatsoever. We have LLS whilst they have fake Shieks - footballing whores, out to make a quick buck on the back of fan loyalty. It is time for the FA to intervene, toughen up the FAPP checks and ensure that those people vying for ownership of Clubs over here, have the experience, business model and finances to conduct a professional operation. Too many Mickey Mouse operatives muddying to waters of what essentially is big business - time for change methinks. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 23 October, 2009 Author Share Posted 23 October, 2009 Have to say - I tend to agree with this. NEEDED - New Broom to Sweep Clean. Time to clear out a lot of the deadwood and start again. Let's be honest, the whole situation is farcicle and whilst we may derive great pleasure in watching the Blue Few lurch from one disaster to another - it hardly does the reputation of football in this country any favours whatsoever. We have LLS whilst they have fake Shieks - footballing whores, out to make a quick buck on the back of fan loyalty. It is time for the FA to intervene, toughen up the FAPP checks and ensure that those people vying for ownership of Clubs over here, have the experience, business model and finances to conduct a professional operation. Too many Mickey Mouse operatives muddying to waters of what essentially is big business - time for change methinks. Micky you mention the reputation of football in this country - football in this country is just like its politics - dirty, greedy, corrupt and morally bankrupt. Us not laughing at Poopey is not going to change anything so we might as well keep laughing while Rome burns. Link to comment Share on other sites More sharing options...
rallyboy Posted 23 October, 2009 Share Posted 23 October, 2009 Rome? More like Soweto. Link to comment Share on other sites More sharing options...
St Chalet Posted 23 October, 2009 Share Posted 23 October, 2009 Soweto will fill a 100k stadium, Pompey can't manage 20k. Also Soweto is safer. Link to comment Share on other sites More sharing options...
rallyboy Posted 23 October, 2009 Share Posted 23 October, 2009 And more likely to be visited by world class players within the next year. Link to comment Share on other sites More sharing options...
Micky Posted 23 October, 2009 Share Posted 23 October, 2009 Micky you mention the reputation of football in this country - football in this country is just like its politics - dirty, greedy, corrupt and morally bankrupt. Us not laughing at Poopey is not going to change anything so we might as well keep laughing while Rome burns. Duncan, I'm not asking anybody to 'shut the comedy store', far be it from me to ask you all to quieten down - let's all have a good old laugh at them, they did while we were having tough times. But as you rightly point out football is now no better than politics, and that, as far as I am concerned, is not right. We want to portray a family image, we abhore violence and want it ousted from the game, we will not tolorate racism - but we are happy for dirty, greedy and corrupt people to be associated with football. Surely something is morally wrong. Yes it is good to see the Blue Few suffer, but what if it was us, what if Mr Liebherr was not the fine upstanding pillar in the community, what if he did not extol good ethical values and demonstrate excellent business acumen - would we still be happy. The answer is actualy probably yes - but only if the results were the same. The problem being though - as I alluded to before, without a professional business plan, results are unlikely to follow. Hence Pompeys current predicament. It is time for the FA to get involved in takeovers to ensure that those buying into our product are in it for the right reasons and not merely looking to make a fast buck on the back of a club going to the wall. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 24 October, 2009 Author Share Posted 24 October, 2009 Duncan, I'm not asking anybody to 'shut the comedy store', far be it from me to ask you all to quieten down - let's all have a good old laugh at them, they did while we were having tough times. But as you rightly point out football is now no better than politics, and that, as far as I am concerned, is not right. We want to portray a family image, we abhore violence and want it ousted from the game, we will not tolorate racism - but we are happy for dirty, greedy and corrupt people to be associated with football. Surely something is morally wrong. Yes it is good to see the Blue Few suffer, but what if it was us, what if Mr Liebherr was not the fine upstanding pillar in the community, what if he did not extol good ethical values and demonstrate excellent business acumen - would we still be happy. The answer is actualy probably yes - but only if the results were the same. The problem being though - as I alluded to before, without a professional business plan, results are unlikely to follow. Hence Pompeys current predicament. It is time for the FA to get involved in takeovers to ensure that those buying into our product are in it for the right reasons and not merely looking to make a fast buck on the back of a club going to the wall. Can't argue with anything you say Micky but I don't know what it is going to take for someone to say "enough"! Everything is spiralling out of control. Feguson does what he pleases, Sky dictate the media frenzy, the Prem players are above the law (Gerrard) and Redknapp is still operating in the market place. Its like Lord of the Flies. It gets to the stage where you almost want to encourage "armageddon" because you know it will hasten judgement day. A bit like wanting your team to lose so the manager gets the bullet. As for Poopey, I admit I am rather immature in my glee at their predicament but such is the animosity I can't help myself. Mind you I also take great malicious pleasure at the misfortune of other "big" clubs or "big" names which is part and parcel of football these days. The Germans invented a word for it - "schadenfreude" and now I have learnt to spell it I might use it again!!!! Link to comment Share on other sites More sharing options...
saint lard Posted 24 October, 2009 Share Posted 24 October, 2009 Mmm,job losses at Fratton park,the begining of the re-structure? http://www.portsmouth.co.uk/sport/Pompey-swing-the-axe.5763209.jp Link to comment Share on other sites More sharing options...
benjii Posted 24 October, 2009 Share Posted 24 October, 2009 I can't believe they want to sack members of the youth set-up. After all, just look at their amazing track-record of recent superstars produced: er,... Darren Anderton? Link to comment Share on other sites More sharing options...
dubai_phil Posted 24 October, 2009 Share Posted 24 October, 2009 Mmm,job losses at Fratton park,the begining of the re-structure? http://www.portsmouth.co.uk/sport/Pompey-swing-the-axe.5763209.jp Glad to see they're intending to bring in new processes and people under their New Revolutionary Set Up. Hell, we thought having a Dutch run set up was bad, they're building theirs on that bastion of global Soccer dominance, New Zealand's FORMER technical development director. Think someone should point out to the owners the slight difference between being #1 in the world in Football & in Rugby Football Link to comment Share on other sites More sharing options...
miserableoldgit Posted 24 October, 2009 Share Posted 24 October, 2009 Sir Clive Woodard anyone? Link to comment Share on other sites More sharing options...
washsaint Posted 24 October, 2009 Share Posted 24 October, 2009 http://aawsat.com/english/news.asp?section=1&id=18579 Oh dear, oh dear...poor old Skates! Looks like the interview was real! Just visiting my brother in Dubai who works for a large bank and deals with the Saudis a lot....no-one has ever heard of Ali al-Faraj in business circles and nothing exists officially about him in normal business circles/checks. Out of the frying pan into the fire........... Link to comment Share on other sites More sharing options...
Merovingian Posted 24 October, 2009 Share Posted 24 October, 2009 dunnno what they are gona do when we go down lol which we will, Link to comment Share on other sites More sharing options...
70's Mike Posted 24 October, 2009 Share Posted 24 October, 2009 i can't believe they want to sack members of the youth set-up. After all, just look at their amazing track-record of recent superstars produced: Er,... Darren anderton? recent Link to comment Share on other sites More sharing options...
Merovingian Posted 24 October, 2009 Share Posted 24 October, 2009 gary o'neil Link to comment Share on other sites More sharing options...
stevegrant Posted 24 October, 2009 Share Posted 24 October, 2009 gary o'neil Marc Wilson? Link to comment Share on other sites More sharing options...
hutch Posted 24 October, 2009 Share Posted 24 October, 2009 Think someone should point out to the owners the slight difference between being #1 in the world in Football & in Rugby Football And that NZ are neither. Link to comment Share on other sites More sharing options...
Merovingian Posted 24 October, 2009 Share Posted 24 October, 2009 http://www.dailymail.co.uk/sport/football/article-1222768/EXCLUSIVE-Hope-ailing-Portsmouth-new-backers-wait-wings.html?ITO=1490 Link to comment Share on other sites More sharing options...
Merovingian Posted 24 October, 2009 Share Posted 24 October, 2009 http://www.mirrorfootball.co.uk/news/Portsmouth-owner-Ali-Al-Faraj-I-didn-t-buy-club-on-a-whim-article199233.html can we get this televised, its a corking drama unfolding with us !! ha ha Link to comment Share on other sites More sharing options...
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