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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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rallyboy

rallyboy

Posted
Posted

yep that pretty much looks like the takeover is complete and the thread is over.

It's been fun, I've enjoyed the banter, we've made some friends and had some laughs, but all good things come to an end.

All the best everyone.

 

 

 

 

 

unless of course this is just the monthly spin that accompanies the build-up to the wages being due?.............will they get paid, won't they, what potential owner will be asked to pay them etc.

They are worth £600M? - taking that as a bloated figure, that will be half of their entire wealth that's needed to turn the club round then - so they intend to sell some of their houses and booming businesses to do this?

What an interesting and unique way of operating.

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bridge too far

bridge too far

Posted
Posted
http://undercoversport.blogspot.com/2011/03/antonov-dubov-ready-to-takeover-at.html

 

Pretty much a done deal then, Just need one of the mods to lock this thread.

 

On second thoughts....

 

This excerpt is quite interesting:

 

Antonov is the biggest shareholder in the Lithuanian bank Bankas Snoras and in 2008 they were refused a UK licence by the Financial Services Authority after regulators stated that the company had given them "misleading and incomplete answers".

 

So they'll pass the FAPPT then, will they?

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Micky

Micky

Posted
Posted (edited)
http://www.fatf-gafi.org/document/20/0,3746,en_32250379_32237202_43216660_1_1_1_1,00.html

 

Anyone got any ideas as to what triggered off this report / investigation?

 

Bloody mystery if you ask me.

 

Quite interesting reading - just skimmed it but, this sorta caught my eye:

 

 

Other cases show that the football sector is also used as a vehicle for perpetrating various other criminal activities such as trafficking in human beings, corruption, drugs trafficking (doping) and tax offences.

 

5. The ML techniques used vary from basic to complex techniques, including the use of cash, cross border transfers, tax havens, front companies, non-financial professionals and PEPs.

 

6. In many cases, connections with other well-known ML typologies were identified such as tradebased ML, the use of non-financial professionals and NPOs for ML purposes, ML through the security

sector, the real estate sector and the gaming sector.

 

 

Worth a read...

Edited by Micky
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Gorgiesaint

Gorgiesaint

Posted
Posted
http://undercoversport.blogspot.com/2011/03/antonov-dubov-ready-to-takeover-at.html

 

Pretty much a done deal then, Just need one of the mods to lock this thread.

 

On second thoughts....

 

It all started so well, but by the time the second sentance was written, we all knew it was complete rubbish

 

They've completed due diligence and tabled an offer....

 

Never mind :lol:

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eastleighhalo

eastleighhalo

Posted
Posted
Now I would not advocate anyone spoiling their survey but................

 

http://www.kwiksurveys.com/online-survey.php?surveyID=IOJDKJ_4588969a

 

There are some cringe worthy questions in there.

 

LOL ..I did the survey and the question regarding when i would be least likely to attend games i chose both weekends AND weekdays... me BAD.... well i am bored !!!

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Weston Super Saint

Weston Super Saint

Posted
Posted
This excerpt is quite interesting:

 

Antonov is the biggest shareholder in the Lithuanian bank Bankas Snoras and in 2008 they were refused a UK licence by the Financial Services Authority after regulators stated that the company had given them "misleading and incomplete answers".

 

So they'll pass the FAPPT then, will they?

 

Don't see why not!

 

After all, the FA in their infinite wisdom managed to get a person who doesn't even exist through their FAPPT!

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pedg

pedg

Posted
Posted
Don't see why not!

 

After all, the FA in their infinite wisdom managed to get a person who doesn't even exist through their FAPPT!

 

I thought the main test of the FAPPT was that the person had not been banned from being a company director or something like that. Fairly easy test to pass for a fictional character. I am sure vordemort would pass with flying colours as well.

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Dark Munster

Dark Munster

Posted
Posted
yep that pretty much looks like the takeover is complete and the thread is over.

It's been fun, I've enjoyed the banter, we've made some friends and had some laughs, but all good things come to an end.

All the best everyone.

 

 

 

 

 

unless of course this is just the monthly spin that accompanies the build-up to the wages being due?.............will they get paid, won't they, what potential owner will be asked to pay them etc.

They are worth £600M? - taking that as a bloated figure, that will be half of their entire wealth that's needed to turn the club round then - so they intend to sell some of their houses and booming businesses to do this?

What an interesting and unique way of operating.

 

Ah yes, but you have to admit it's worth every penny to be owners of the club with the bestest™ fans in the world.

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GenevaSaint

GenevaSaint

Posted
Posted
Don't see why not!

 

After all, the FA in their infinite wisdom managed to get a person who doesn't even exist through their FAPPT!

 

I'm fairly sure they upped the ante niw thought using an unnamed company to do thorough due diligence on individuals much as private banks do.

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rallyboy

rallyboy

Posted
Posted

‘I don’t think people will be scared off by what’s happened at Portsmouth. The worst has passed now.

For sure, the future will be brilliant for the club and for us.

In England and not only in England, everybody knows about Portsmouth and what a fantastic club this is.’

 

 

....shouted a deluded, heavily-medicated and self-harming Ricardo Rocha through the barred windows of the ambulance as he was driven away from training in a strait jacket.

 

Thick or in denial?

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Chez

Chez

Posted
Posted
‘I don’t think people will be scared off by what’s happened at Portsmouth. The worst has passed now.

For sure, the future will be brilliant for the club and for us.

In England and not only in England, everybody knows about Portsmouth and what a fantastic club this is.’

 

 

....shouted a deluded, heavily-medicated and self-harming Ricardo Rocha through the barred windows of the ambulance as he was driven away from training in a strait jacket.

 

Thick or in denial?

 

despite what has happened he's still got himself a fat contract hence his encouragement to other players to do the same.

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Kingsland Codger

Kingsland Codger

Posted
Posted
‘I don’t think people will be scared off by what’s happened at Portsmouth. The worst has passed now.

For sure, the future will be brilliant for the club and for us.

In England and not only in England, everybody knows about Portsmouth and what a fantastic club this is.’

 

 

....shouted a deluded, heavily-medicated and self-harming Ricardo Rocha through the barred windows of the ambulance as he was driven away from training in a strait jacket.

 

Thick or in denial?

 

Throughout this thread I have often had a giggle at your posts, rallyboy.

 

Your most recent contribution is another classic. Keep them coming ... please.

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JackFrost

JackFrost

Posted
Posted
Good grief, we can't have a whole day without at least one post to the thread. I'm sure this is just the calm before the storm (for them).

 

Any latest news on the Cheats to keep us laughing?

 

It'll be quiet from now til the end of the season I suspect. I think that is when the fun will start again. Until the it'll be Pompey's usual inconsistent form that will see them finish around 10th-12th place in the league.

 

Hopefully the summer is when the fun resumes

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rallyboy

rallyboy

Posted
Posted

The dreaded booking fee beast has arrived at Fratton and the peasants are revolting - I see some rumblings about a 12.5% increase on season tickets and you only have a fortnight to get an early bird deal - and you can't use a credit card because they aren't a proper company.

 

That's the way to tackle a recession and falling gates, hammer the customers who have stuck by you and chase the rest away forever.

Once again it's an interesting business plan.

 

Their finances look so fragile that they desperately need us to go up with Brighton to make their season interesting enough for people to attend and to up the ticket income.

Championship TV money and ticket sales will cover the wages, parachute clears football debt - that just leaves new player purchases and the ever-delayed cva to plan for.

I can't see any money to replace the squad unless they spend future revenues again, and we all know where that leads.

 

They need an exciting season just to cover overheads - Scummers, can't live with them, can't survive without them.

 

Is it July for the tax evasion cases?

A points penalty would throw a spanner in the works.

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Gemmel

Gemmel

Posted
Posted

Rallyboy might be right after all.

 

The merchant (Credit card transactions) account has been suspended for season tickets. Basically you have to pay cash.

 

Very significant and a fairly big step when they are walking away from 1 0r 2% of a decent pot of money. They appear to not have much faith in the blue few making next season.

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Gorgiesaint

Gorgiesaint

Posted
Posted
http://www.newsnow.co.uk/A/482587016?-11209

 

Is this early getting the money for next season fron the supporter (s) or do you think they want the money in quick to pay upcoming wages,

 

I love the way the increase in prices is described by the different parties

 

There is, compared to what we paid this season if we are honest, a significant increase really but this season was a substantial drop on the season before - and with more games. (Vital Football)

 

There has been a slight increase in prices from this season due to the rise in VAT and payment of a levy to The Football League. (Lucius Peart)

 

I wonder which set of spin will be swallowed by the few....

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stevegrant

stevegrant

Posted
Posted
Rallyboy might be right after all.

 

The merchant (Credit card transactions) account has been suspended for season tickets. Basically you have to pay cash.

 

Very significant and a fairly big step when they are walking away from 1 0r 2% of a decent pot of money. They appear to not have much faith in the blue few making next season.

I'm most intrigued by the fact that credit card payments WILL be accepted for non-"early bird" ST purchases. Seems very odd.

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Gemmel

Gemmel

Posted
Posted
I'm most intrigued by the fact that credit card payments WILL be accepted for non-"early bird" ST purchases. Seems very odd.

 

My guess is that pompey owe the merchant money and they won't accept credit cards until that is paid. pompey get the cash from the early bird deals, pay the merchant and then they can take season ticket payments. Pure guesswork - could be completely wrong. But it is all very strange.

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stevegrant

stevegrant

Posted
Posted
My guess is that pompey owe the merchant money and they won't accept credit cards until that is paid. pompey get the cash from the early bird deals, pay the merchant and then they can take season ticket payments. Pure guesswork - could be completely wrong. But it is all very strange.

I guess it's possible that Barclays (or whoever - think it was Barclays this season) have said they'll only take card payments for season tickets under the same restrictions as this season, i.e. they'll release the money to the club pro-rata. The club have therefore gambled that the majority of STHs will renew in the discounted period, and that if they all pay by cash or cheque, they've got all the money up front rather than having to wait for most of it over the course of the season.

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Weston Super Saint

Weston Super Saint

Posted
Posted
My guess is that pompey owe the merchant money and they won't accept credit cards until that is paid. pompey get the cash from the early bird deals, pay the merchant and then they can take season ticket payments. Pure guesswork - could be completely wrong. But it is all very strange.

 

Or, more likely, the non early bird tickets will include the 2% to cover the merchant costs, whereas the early bird ones don't - well, I'm sure that will be the spin at least.

 

Effectively Pompey have probably priced the early bird tickets to include the 2% merchant fee, but figure that by not using credit cards they can get themselves an additional 2% revenue on the five or six tickets they sell in the next fortnight :)

 

As Asda say, 'every little helps' :)

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Um Bongo

Um Bongo

Posted
Posted
Lucius Peart, Pompey’s commercial director, said: ‘This season Pompey fans have once again shown they are the most passionate in the country and we hope they continue their fantastic support next season.

 

Yeah, all 13,000 of them. Loyal as well.

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stevegrant

stevegrant

Posted
Posted

Interesting line in there:

And all Championship teams need to cover a three per cent levy on ticket sales to The Football League – a charge Pompey did not factor in this season

Good to see that they took into account all potential costs when they drew up the season's budget... :facepalm:

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BigShadow

BigShadow

Posted
Posted

 

Nice of PFC to provide some new fodder for my entertainment - its been a few days.

 

I'm quite impressed that the few have managed to work out that:-

 

1) 2.5% increase in VAT plus 3% Football League levy does not equate to a 20-odd % increase in ticket prices, and

2) That they have no protection if they pay in cash so no-one wants to risk the early-bird renewal when they can't use a credit card.

 

Don't they realise PFC need some serious cash for new players....seems they all think BC is going trouser the ST cash. Such faith in the owner.

 

Methinks there could be plenty of humour coming from the wrong end of the M27 to keep us amused over the close season.

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mack rill

mack rill

Posted
Posted (edited)
But the Pompey Supporters Trust thinks the price hike will deter fans from filling Fratton Park, which has the capacity for 20,000 fans.

 

What was the excuse this season then?

 

Same as next! We all think the sneaky knuting slope will saddle bag the coin and ride off into the sunset,HTH

 

What dos VAT mean?

Edited by mack rill
forgot somefink!
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stevegrant

stevegrant

Posted
Posted
What's this 3% Football League levy? Is it something that will effect us?

I'd never heard of it before, but it seems as though the Football League takes 3% of all gate receipts. Whether it applies across all three FL divisions or not, I don't know, although I would be very surprised if it *only* applied to the Championship.

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mcjwills

mcjwills

Posted
Posted
Nice of PFC to provide some new fodder for my entertainment - its been a few days.

 

I'm quite impressed that the few have managed to work out that:-

 

1) 2.5% increase in VAT plus 3% Football League levy does not equate to a 20-odd % increase in ticket prices, and

2) That they have no protection if they pay in cash so no-one wants to risk the early-bird renewal when they can't use a credit card.

 

Don't they realise PFC need some serious cash for new players....seems they all think BC is going trouser the ST cash. Such faith in the owner.

 

Methinks there could be plenty of humour coming from the wrong end of the M27 to keep us amused over the close season.

 

Nail Hit Head comes to mind

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Dark Munster

Dark Munster

Posted
Posted

Well, the lull didn't last long did it? :D

 

http://www.newsnow.co.uk/A/482587016?-11209

 

Is this early getting the money for next season fron the supporter (s) or do you think they want the money in quick to pay upcoming wages,

 

From the comments:

 

Cash or Cheque only = No protection, You wont get it back if the club goes back into administration, this smells of something very dodgy. I mean seriously! there must be a cash flow crisis again!

doggo

 

It appears that the penny is starting to drop for some of the few. :lol:

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Dark Munster

Dark Munster

Posted
Posted
It'll be quiet from now til the end of the season I suspect. I think that is when the fun will start again. Until the it'll be Pompey's usual inconsistent form that will see them finish around 10th-12th place in the league.

 

Hopefully the summer is when the fun resumes

 

I think the fun will really begin the moment it is mathematically impossible for them to make the top six. Oh how we'll laugh.

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Fowllyd

Fowllyd

Posted
Posted
Nice of PFC to provide some new fodder for my entertainment - its been a few days.

 

I'm quite impressed that the few have managed to work out that:-

 

1) 2.5% increase in VAT plus 3% Football League levy does not equate to a 20-odd % increase in ticket prices, and

2) That they have no protection if they pay in cash so no-one wants to risk the early-bird renewal when they can't use a credit card.

 

Don't they realise PFC need some serious cash for new players....seems they all think BC is going trouser the ST cash. Such faith in the owner.

 

Methinks there could be plenty of humour coming from the wrong end of the M27 to keep us amused over the close season.

 

Having those extra fingers can be very useful when there's complicated calculus to be done! I loved the VAT and FL levy excuses from P*mpey though - did they really think they'd get away with that?

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dubai_phil

dubai_phil

Posted
Posted

Oooh this is interesting. I'd love to be able to hack the financial details of all the Few who pay by cash or cheque and end up with no recourse through Credit Card Purchase Insurance should the "goods" they purchased not be delivered. That would be worth a firtune to all those nice people in Nigeria who keep sending me emails about all the money they want to send me.

 

How motivating it will be to know there are so many gullible fools out there that other more "professional" con artists could take for a few grand, Hmm maybe would sell the names on a commission basis, would make a forutune

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St Chalet

St Chalet

Posted
Posted
saw this on main board but not linked in here. Quite interesting

 

http://www.bbc.co.uk/blogs/mattslater/2011/03/safe_hands_hudson_the_crazy_ga.html

 

Good read as always from @bbc_matt

 

Found these bits interesting:

 

"One thing is for certain, though, the taxman, owed £17m-plus, has not given up. An HMRC lawyer at Plymouth Argyle's recent hearing told me his office was now on to its 29th folder in the Pompey case."

 

"There is one other interesting detail on Hudson's CV: he was joint administrator at Southampton."

 

Let's hope the HMRC or Hudson find something.

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