OldNick Posted 13 December, 2010 Share Posted 13 December, 2010 Because AA was Chainrai's puppet on a string. And HMRC argued their case from completely the wrong angle and were outwitted by AA. I'm assuming Chainrai is funding them out of his back pocket for the remainder of the season. We may get some indication of what their doing in January as to who goes and who joins although I think Chainrai will make his move when he knows which division their playing in next season. I wouldn't be surprised if we see a couple more £20k a week loans in January on top of what they already have i think Cotterill said a week or so ago that they can only have 1 more loan Link to comment Share on other sites More sharing options...
JackFrost Posted 13 December, 2010 Share Posted 13 December, 2010 i think Cotterill said a week or so ago that they can only have 1 more loan That's why Tevez has handed in a transfer request Link to comment Share on other sites More sharing options...
OldNick Posted 13 December, 2010 Share Posted 13 December, 2010 That's why Tevez has handed in a transfer request of course lol Link to comment Share on other sites More sharing options...
mack rill Posted 13 December, 2010 Share Posted 13 December, 2010 Richard Hughes didn't play today because one more appearance would have kicked in a new contract on the same wages as he's been on. They cant afford to pay those wages. Same for Michael Brown who has two games left before that kicks in. That was a result not having the Burger Boy playing. Well we won, I would think they will sort old MB out, If not its back to the old Footyball league Cap n Hand with (we ain't got enough players Guv!),,,,works every time, I see the ( odds on weir gonna walk this league bet your fekin house on it team) Are showing signs of unrest and mutiny on there main board. LOL FFS! the campaigns not half over yet. And the Lemmings are leading the Charge! Link to comment Share on other sites More sharing options...
Gemmel Posted 13 December, 2010 Share Posted 13 December, 2010 monoena, is demanding action from chanerai, to fund browns and hughes wages and bring in more players in January. The fans are talking about the club going back into administration and no money to pay the CVA. The enlightened ones have just worked out there really is no money in the bank and the rest want to sign Ronaldo and Messi. The problem is huges brown and co, wont drop their wage demands, because, kitson and lawerence, got such bumper packages and the young fledging kanu got a 4 year deal. Who would have thought that breaking the self imposed wage structure with your first two signings, would have such a knockon effect? http://www.portsmouth.co.uk/sport/Mokoena-demands-action-from-owners.6658670.jp?CommentPage=8&CommentPageLength=10#comments Link to comment Share on other sites More sharing options...
rallyboy Posted 13 December, 2010 Share Posted 13 December, 2010 yeah, keeper saves a penalty one week and is a hero, next week he drops a clanger and he should be shipped out to a glue factory. Nowt as fickle as football folk, and that's probably why most players and managers don't give a t0ss what we think! Anyway, you lot still trading insolvently? Link to comment Share on other sites More sharing options...
mack rill Posted 13 December, 2010 Share Posted 13 December, 2010 yeah, keeper saves a penalty one week and is a hero, next week he drops a clanger and he should be shipped out to a glue factory. Nowt as fickle as football folk, and that's probably why most players and managers don't give a t0ss what we think! Anyway, you lot still trading insolvently? Lol good post Rallyboy, as for (trading in solvently) is there another way to keep this Fred running? Link to comment Share on other sites More sharing options...
JackFrost Posted 13 December, 2010 Share Posted 13 December, 2010 this aint gonna do much for their squad situation Link to comment Share on other sites More sharing options...
Dark Munster Posted 13 December, 2010 Share Posted 13 December, 2010 How on earth did they come out of administration. If they aren't sold, or got investment, I presume these players will be sold in January. How they are run, continues to be an utter joke. Don't bet on it. It looks as if the Cheats are sufficiently close to the top six for BC to continue with his gamble. Link to comment Share on other sites More sharing options...
Saint Lindford Posted 14 December, 2010 Share Posted 14 December, 2010 Nice to see that they can afford to fly the whole squad straight from Norwich on Saturday to Dublin for a Christmas party!!! Sure the schools and charities they stole from are happy for them. Link to comment Share on other sites More sharing options...
Ken Tone Posted 14 December, 2010 Share Posted 14 December, 2010 Nice to see that they can afford to fly the whole squad straight from Norwich on Saturday to Dublin for a Christmas party!!! Sure the schools and charities they stole from are happy for them. Quite. I was gobsmacked when they said on Solent that they couldn't get after-match talks from players as they were flying to Dublin for a party! Un-bloody-believable Link to comment Share on other sites More sharing options...
OldNick Posted 14 December, 2010 Share Posted 14 December, 2010 Quite. I was gobsmacked when they said on Solent that they couldn't get after-match talks from players as they were flying to Dublin for a party! Un-bloody-believable i think the players pay for their own Xmas parties. Link to comment Share on other sites More sharing options...
Eastcowzer Posted 14 December, 2010 Share Posted 14 December, 2010 i think the players pay for their own Xmas parties. So they might, but they certainly would'nt be able to hold it in Dublin without the ridiculous salaries they're on, or is that something else 'Father Xmas' Chanarai is forking out for. Link to comment Share on other sites More sharing options...
CB Fry Posted 14 December, 2010 Share Posted 14 December, 2010 Don't bet on it. It looks as if the Cheats are sufficiently close to the top six for BC to continue with his gamble. Refusing to let two of the teams better players play because the club can't afford their new deals doesn't sound like much of a "gamble" to me. It sounds like a club with no money and an owner desperate to stop spending. Link to comment Share on other sites More sharing options...
jimmysaint7 Posted 14 December, 2010 Share Posted 14 December, 2010 I been speaking to someone today who has said there was a creditors meeting today with another court date set for the 22nd of this month where the joint administrators are looking for a compulsory liquidation.I don't really understand how it all works but if someone does google hacker young and choose the top website, go to the far right Side of that site where it says PFC, click this link and go to the section j and read on. It seems to suggest that the worse could still be on it's way for the blue few.the whole document is 44 pages long and list absolutely everything about there admin. Fingers crossed I have heard right! Link to comment Share on other sites More sharing options...
Gemmel Posted 14 December, 2010 Share Posted 14 December, 2010 I been speaking to someone today who has said there was a creditors meeting today with another court date set for the 22nd of this month where the joint administrators are looking for a compulsory liquidation.I don't really understand how it all works but if someone does google hacker young and choose the top website, go to the far right Side of that site where it says PFC, click this link and go to the section j and read on. It seems to suggest that the worse could still be on it's way for the blue few.the whole document is 44 pages long and list absolutely everything about there admin. Fingers crossed I have heard right! You hear bits right jimmy. There is a new creditors meeting, but it is to only to enforce what has previously agreed. They are going to liquidate the current pfc, but it is now being run by portsmouth realisations who are taking on the commitments of the CVA (ANd who are the same people). It was always structured this way and gives HMRC the ability of going after individuals. Mr Storries y fronts are not a pretty sight these days. Link to comment Share on other sites More sharing options...
Dark Munster Posted 15 December, 2010 Share Posted 15 December, 2010 Refusing to let two of the teams better players play because the club can't afford their new deals doesn't sound like much of a "gamble" to me. It sounds like a club with no money and an owner desperate to stop spending. I hope you're right, I really do. But I think BC is walking a tightrope here: borrow and spend enough to get into the playoffs (or better), but not spend a penny more than necessary. Holding back on playing players for a game or two to see how things pan out is one thing, but getting rid of the better players during the window would be throwing in the towel, which (if they are within a shout of going up) wouldn't make sense considering he's been funding Kitson, Lawrence et. al. so far. That strategy appears to be paying off so far. Cheating, lying bastards. Link to comment Share on other sites More sharing options...
Merovingian Posted 15 December, 2010 Share Posted 15 December, 2010 Back in Admin come February or thereabouts, the circus will go on boys and girls Link to comment Share on other sites More sharing options...
saintjay77 Posted 15 December, 2010 Share Posted 15 December, 2010 Back in Admin come February or thereabouts, the circus will go on boys and girls Do you really think it's a possibility? I know we have been going on about how we can see what no other can for months and months but there has always been this niggling feeling that they would be fine in the end. Going back into admin so soon would surly crucify your club and leave it a million miles away from anyone that wanted to rescue it. With so many false dawns I expect someone will bend over for Pompey again and all will be fine although rather stained. Isn't it about time someone started up an AFC Pompey to give the genuine fans something decent to support? Link to comment Share on other sites More sharing options...
OldNick Posted 15 December, 2010 Share Posted 15 December, 2010 Back in Admin come February or thereabouts, the circus will go on boys and girls I wish you and Mackrill weren't so decent as I'd be pleased by this news!!! I cant see where your revenue streams are coming from. Even your mercnadise is now being sold by another and so the xmas club shop sales are not finding thier way to you. Personally I think you will be ok because like the PL the FL will be desperate for their league not lose its reputation by a club folding and so they will do anything to help. As soon as they let you kick the season off they were opening the can of worms. Link to comment Share on other sites More sharing options...
rallyboy Posted 15 December, 2010 Share Posted 15 December, 2010 funny how they never respected embargoes etc and you got the impression that they were never really in administration, yet now they are out, you get the impression that they have never left it...is this the only business to spend more during financial restrictions than when under 'new' ownership? Results on the pitch with some of the highest paid players in the division will distract most fans for a while. I still think the club is walking down the beach to look at the debt tsunami, whether they are in admin or not hasn't bothered them in the past so it's likely to be business as usual for months - but without major funding, one day that wave will come in. Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 15 December, 2010 Share Posted 15 December, 2010 Back in Admin come February or thereabouts, the circus will go on boys and girls You're a legend. Just as I was beginning to lose all heart you've returned to offer new hope! Link to comment Share on other sites More sharing options...
dubai_phil Posted 15 December, 2010 Share Posted 15 December, 2010 Back in Admin come February or thereabouts, the circus will go on boys and girls Think it will become a different game if that happens though. Clearly a second admin in a year will lead to sanctions, the 10 point penalty may be more (think there is precedent for that somewhere in these 714 pages) It then clearly shows promotion won't happen and any fast gamble has failed Sale of players won't happen as it is outside the transfer window, they could be dumped but they won't get sold as that could give other buying clubs an unfair advantage picking up players outside the window And then the real questions have to start to be asked by the proper people. Why did AA think he could pull it off? and a whole can of legal worms could open up in front of Hacker Young. So yes, plenty to keep us from our own ups and downs on the pitch by the sound of it. Not good for the very few decent few (again) Link to comment Share on other sites More sharing options...
gaz Posted 15 December, 2010 Share Posted 15 December, 2010 Re: not playing players because of automatically renewing contracts, Could the FL go after them for not fielding their strongest XI? Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 15 December, 2010 Share Posted 15 December, 2010 Re: not playing players because of automatically renewing contracts, Could the FL go after them for not fielding their strongest XI? Now that would be ironic and very hilarious. Link to comment Share on other sites More sharing options...
OldNick Posted 15 December, 2010 Share Posted 15 December, 2010 Now that would be ironic and very hilarious. listening to Cotterill on solent saturday, he also said that Hriedarson woulod not be selected in Halfords place who is banned. I thought he has signed a new contract but i wonder if there is a similar reason why he won't be playing. Link to comment Share on other sites More sharing options...
mack rill Posted 15 December, 2010 Share Posted 15 December, 2010 Back in Admin come February or thereabouts, the circus will go on boys and girls Tut tut Nawty boy Murvo, Fishin in Southampton waters when it looks like being a Lean winter. You know they are snapping at the smallest crumb at the MO. Link to comment Share on other sites More sharing options...
OldNick Posted 15 December, 2010 Share Posted 15 December, 2010 Tut tut Nawty boy Murvo, Fishin in Southampton waters when it looks like being a Lean winter. You know they are snapping at the smallest crumb at the MO. we don't need bait when the fish are jumping into the boat Mack, your own manager has been warming us up in these cold days. If you have a few home games postponed due to bad weather, the money will run out pretty quickly. Can't see your revenue streams being much at present and BC is hoping for December to go quickly so he can get to January. Link to comment Share on other sites More sharing options...
JackFrost Posted 15 December, 2010 Share Posted 15 December, 2010 Re: not playing players because of automatically renewing contracts, Could the FL go after them for not fielding their strongest XI? Course not, they'll get "special dispensation" Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 15 December, 2010 Share Posted 15 December, 2010 Ah...I've missed this thread. Stopped looking once they 'came out' so to speak...but it still runs...! Soon it will be the longest thread known to man. Good work. As long as the good ship Skatanic keeps dodging the iceberg it shall run and run.. Link to comment Share on other sites More sharing options...
Saint_clark Posted 15 December, 2010 Share Posted 15 December, 2010 I am beyond thinking this is funny tbh. The news that came out about being unable to afford Hughes and Browns new contracts has really p*ssed me off. No business, small or large, should be allowed to not pay it's taxes. I'm certainly f*cking not given special dispensation when it comes down to this. Getting really, really f*cked off about the whole thing. Link to comment Share on other sites More sharing options...
Dark Munster Posted 16 December, 2010 Share Posted 16 December, 2010 Back in Admin come February or thereabouts, the circus will go on boys and girls Promises, promises. Link to comment Share on other sites More sharing options...
Dark Munster Posted 16 December, 2010 Share Posted 16 December, 2010 Re: not playing players because of automatically renewing contracts, Could the FL go after them for not fielding their strongest XI? Maybe, if they had balls. So, in a word, no. Link to comment Share on other sites More sharing options...
Dark Munster Posted 16 December, 2010 Share Posted 16 December, 2010 I am beyond thinking this is funny tbh. The news that came out about being unable to afford Hughes and Browns new contracts has really p*ssed me off. No business, small or large, should be allowed to not pay it's taxes. I'm certainly f*cking not given special dispensation when it comes down to this. Getting really, really f*cked off about the whole thing. Only now getting f*cked off about the whole thing, Saint_clark? I've been there ever since Injustice Mann let the Cheats get away with it. Link to comment Share on other sites More sharing options...
JackFrost Posted 16 December, 2010 Share Posted 16 December, 2010 Only now getting f*cked off about the whole thing, Saint_clark? I've been there ever since Injustice Mann let the Cheats get away with it. TBH I don't blame Mann for voting in Pompey's favour on that courtcase, I think almost all judges would have done the same. I thought HMRC put their case forward from completely the wrong angle, and by what I've heard said their QC didn't seem to know 100% what exactly he was arguing. AA took on the taxman and won which is probably the holy grail of anyone working in that field of business. Looking back at it I think it was less "injustice Mann" and more HMRC ballsing it up. Besides I don't think that court case went in Pompey FC's favour, it went in Chainrai's favour. Link to comment Share on other sites More sharing options...
GenevaSaint Posted 16 December, 2010 Share Posted 16 December, 2010 I Personally I think you will be ok because like the PL the FL will be desperate for their league not lose its reputation by a club folding and so they will do anything to help. Nick I really don't think that's the case with the FL; other clubs have folded and there will be more. The FL don't have the cash swilling around as the PL does, how would they save Pompey? Link to comment Share on other sites More sharing options...
landford.saint Posted 16 December, 2010 Share Posted 16 December, 2010 Nick I really don't think that's the case with the FL; other clubs have folded and there will be more. The FL don't have the cash swilling around as the PL does, how would they save Pompey? The PL are paying the relegation payments whereas the FL are paying them nothing. The FL are not as totally ball-less as the PL (well not quite) so there is more of a probability that if pushed hard enough the FL might take some action. Link to comment Share on other sites More sharing options...
buctootim Posted 16 December, 2010 Share Posted 16 December, 2010 The FL are not as totally ball-less as the PL (well not quite) so there is more of a probability that if pushed hard enough the FL might take some action. They werent under Mawhinney, but now hes gone passivity seems to have returned. Link to comment Share on other sites More sharing options...
OldNick Posted 16 December, 2010 Share Posted 16 December, 2010 Nick I really don't think that's the case with the FL; other clubs have folded and there will be more. The FL don't have the cash swilling around as the PL does, how would they save Pompey?well it seems to me that the FL have already closed their eyes to the way that Pompey have strengthened their squad by getting loans in. They saw them send players out on loan to make way for big waged players to come in. I agree the FL do not have the money that the PL have to play with, but they will do their utmost 9under the guise of the football family. lol) to help them. As the Championship will be harmed if a club was liquidated, they dont care so much about the Chesters of the world. Link to comment Share on other sites More sharing options...
Sevvy Posted 16 December, 2010 Share Posted 16 December, 2010 Still if a lot of games get cancelled they will have a lot of outgoings and very little income, so what money they have stashed away will go very very quick. Link to comment Share on other sites More sharing options...
rallyboy Posted 16 December, 2010 Share Posted 16 December, 2010 I recall that in the accounts there were some hefty transfer payments due in January as well - presumably some in, but more out. The total still due back in April was £17M - the Prem must have paid some in August, I presume there must be a whack due next month -anyone remember what page the link was to the precise detail of when each instalment is due? That'll give a better idea of the cashflow situation. If it's anything over £200K it'll need a firesale, another crippling loan, or more of the parachute payment to be used. Link to comment Share on other sites More sharing options...
Gemmel Posted 16 December, 2010 Share Posted 16 December, 2010 I recall that in the accounts there were some hefty transfer payments due in January as well - presumably some in, but more out. The total still due back in April was £17M - the Prem must have paid some in August, I presume there must be a whack due next month -anyone remember what page the link was to the precise detail of when each instalment is due? That'll give a better idea of the cashflow situation. If it's anything over £200K it'll need a firesale, another crippling loan, or more of the parachute payment to be used. They have a number of football creditors due in January,plus the outstanding lawyers fees and the outstanding administration fees (As per last report from uhy hacker) and if the club pay the creditors under 2,500 pounds and charities, that is coming out in January as well. Unfortuneately it is reported (And acknowledged) taht they have already drawn on next years parachute payements, so i suspect it will get into a juggling act of who gets paid and who doesn't. Let's hope it is not the charities that lose out again. Oh and chanarai moved 3/4 million from the old company into the new company last quarter (leaving no money to pay the lawyers, Southern Electric and outstanding administration fees) ......not sure there is enough to pay 10 pence in the nexy quarter. Link to comment Share on other sites More sharing options...
JackFrost Posted 16 December, 2010 Share Posted 16 December, 2010 well it seems to me that the FL have already closed their eyes to the way that Pompey have strengthened their squad by getting loans in. They saw them send players out on loan to make way for big waged players to come in. I agree the FL do not have the money that the PL have to play with, but they will do their utmost 9under the guise of the football family. lol) to help them. As the Championship will be harmed if a club was liquidated, they dont care so much about the Chesters of the world. But strictly speaking they weren't breaking any FL rules by doing this, it was 'only' financial lunacy and exploiting another FL rule in (the minimum number of players needed) that they were doing. I agree with you to an extent about the FL the only way a club will go bust is before the beginning of a season to avoid making a complete farce of the whole thing and limiting the negative PR. If Pompey fail to go up it may happen at the end of this season but ultimately it depends on what the motives of Chainrai are, and whether he is building flats on Fratton Park. . . Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 16 December, 2010 Share Posted 16 December, 2010 But strictly speaking they weren't breaking any FL rules by doing this, it was 'only' financial lunacy and exploiting another FL rule in (the minimum number of players needed) that they were doing. I agree with you to an extent about the FL the only way a club will go bust is before the beginning of a season to avoid making a complete farce of the whole thing and limiting the negative PR. If Pompey fail to go up it may happen at the end of this season but ultimately it depends on what the motives of Chainrai are, and whether he is building flats on Fratton Park. . . And yet the FL should have picked this up and realised they couldn't afford to pay those inflated as they have their new improved financial reporting system that clubs who have been in admin have to abide by. Surely you can't mean this wonderful system doesn't work. Link to comment Share on other sites More sharing options...
JackFrost Posted 16 December, 2010 Share Posted 16 December, 2010 And yet the FL should have picked this up and realised they couldn't afford to pay those inflated as they have their new improved financial reporting system that clubs who have been in admin have to abide by. Surely you can't mean this wonderful system doesn't work. Sounds as if it's as effective as the FA's FAPPT Link to comment Share on other sites More sharing options...
Saint_clark Posted 16 December, 2010 Share Posted 16 December, 2010 Only now getting f*cked off about the whole thing, Saint_clark? I've been there ever since Injustice Mann let the Cheats get away with it. I was p*ssed off then, yes - but the fact that they were allowed to get away with it, only to go back into exactly the same situation has pushed me even further. Link to comment Share on other sites More sharing options...
docker-p Posted 16 December, 2010 Share Posted 16 December, 2010 You would have thought if the the Blue few had anything about them at all, they would be so embarrassed by 'their' club they wouldn't wait for it to go bust before starting anew with AFC Blue Few. Link to comment Share on other sites More sharing options...
Nexstar Posted 16 December, 2010 Share Posted 16 December, 2010 I don't know if this was revealed several months ago or not but I found out today that Peter Storrie was actually earning just under £1m a year (rather than the famous quote of £1.2m a yea) and that he and the key staff/players were on the following match bonuses: Home win - £3,000 Home draw - £1,500 Away win - £1,500 Away draw - £1,000 Loss - Nothing No idea how those figures compare to the match bonuses of other clubs though. Link to comment Share on other sites More sharing options...
Dark Munster Posted 17 December, 2010 Share Posted 17 December, 2010 The PL are paying the relegation payments whereas the FL are paying them nothing. The FL are not as totally ball-less as the PL (well not quite) so there is more of a probability that if pushed hard enough the FL might take some action. Not necessarily. It depends on how many brown envelopes have been exchanging hands. Link to comment Share on other sites More sharing options...
Dark Munster Posted 17 December, 2010 Share Posted 17 December, 2010 TBH I don't blame Mann for voting in Pompey's favour on that courtcase, I think almost all judges would have done the same. I thought HMRC put their case forward from completely the wrong angle, and by what I've heard said their QC didn't seem to know 100% what exactly he was arguing. AA took on the taxman and won which is probably the holy grail of anyone working in that field of business. Looking back at it I think it was less "injustice Mann" and more HMRC ballsing it up. Besides I don't think that court case went in Pompey FC's favour, it went in Chainrai's favour. In the short term I would say it went in favour of both. But in the longer term* you probably are right. * No longer than the end of this season, hopefully. Link to comment Share on other sites More sharing options...
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