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Pompey Takeover Saga


Fitzhugh Fella

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I assumed the dripfeed of season ticket money was a league-imposed condition from exiting admin to prevent them from overspending again, they didn't trust them with a wad of cash.

 

Presumably they only want this money advanced so they can settle debt and to save creditors having to wait for the cva to be further delayed?

They can't be so skint that they need next season's income now - that would be mental.

At this rate they could see off all the four years of parachute payments by the start of season two.

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I assumed the dripfeed of season ticket money was a league-imposed condition from exiting admin to prevent them from overspending again, they didn't trust them with a wad of cash.

 

Presumably they only want this money advanced so they can settle debt and to save creditors having to wait for the cva to be further delayed?

They can't be so skint that they need next season's income now - that would be mental.

At this rate they could see off all the four years of parachute payments by the start of season two.

o_rly001.jpg

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How's the Riquelme deal coming on? Surely with your wage structure you can bring him in for the play-off push. ;)

 

I think the deal all hinges on how many (mugs) Punters They can get to stump up used coin on the (bye now, Pray later) no money back guaranteed offer on the we might be hear next season tickets,

 

 

ps us the blue few might be thick, But we are not that feckin thick!

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so if they are doing this so they have the season ticket money now, rather than drip fed, so they can limp on until the end of the season, how exactly are they going to fund the wages over the summer when there is no money coming in?, or the wages in Sept/Oct when theres only pay on the day money coming in?, because they have already spaffed the parachute money.they are actually going to be worse off come Sept because their cash flow will actually be a lot less than last year

 

All the roads for the Cheats seem to be leading to the same place ..... promotion or bust.

 

No pressure then for Stevie boy and his paper thin squad.

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http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_move_to_ease_season_ticket_backlash_from_fans_1_2529527

 

Update for you,Club refused to answer 1 question and some of the other answers are just flannel as far as i see it

 

POMPEY have assured fans that money paid for season tickets will go straight in to the club’s coffers.

 

:lol:

 

Note the lack of assurance that the club won't fold, with Chinny emptying the said coffers, immediately afterwards.

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So the transfer window has now closed, and Brown, Hughes and Ben Haim are still at the club ( how is the sispute with West Ham going ? ) . That means that they have to pay all three of them until July 1st, when the first two are out of contract, and the transfer windows opens for all of the clubs waiting to pay Ben Haim £38K per week.

 

Their combined wage is £100K per week, for another 14 weeks. That comes to £1.4 Million, or to put it another way 2,800 full priced season tickets just to pay for the deadwood.

 

Doesn't leave a lot for rebuilding the team, or paying the C.V.A .

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So the transfer window has now closed, and Brown, Hughes and Ben Haim are still at the club ( how is the sispute with West Ham going ? ) . That means that they have to pay all three of them until July 1st, when the first two are out of contract, and the transfer windows opens for all of the clubs waiting to pay Ben Haim £38K per week.

 

Their combined wage is £100K per week, for another 14 weeks. That comes to £1.4 Million, or to put it another way 2,800 full priced season tickets just to pay for the deadwood.

 

Doesn't leave a lot for rebuilding the team, or paying the C.V.A .

Does that include NI etc.......oh
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Lol. Only just caught up on this.

 

If the few pay by credit card and the club stops trading in the summer then they will all go straight to their card companies to get the transaction refunded. Given that Poopey will have already spent the money and there will be no way for the card company to get the money back from the club they will be left with a massive loss (as they will still refund the fans). The card providers clearly think that there is a decent risk that this could happen and so aren't prepared to hand the cash over to the club until the games are played and their exposure is removed.

 

If the fans take out a loan from Zebra Finance to pay for their ticket and the club goes under in the summer then they will still have to make the repayments to Zebra and will have to try and get their season ticket money back from the Administrator/Liquidator. They will be unsecured creditors and I'd be willing to bet wouldn't get a penny.

Edited by Clapham Saint
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POMPEY have assured fans that money paid for season tickets will go straight in to the club’s coffers.

 

:lol:

 

Note the lack of assurance that the club won't fold, with Chinny emptying the said coffers, immediately afterwards.

 

Exactly. :lol:

 

Actually you can probably make that before.

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Also in the News today, it said that the Skates were more hopeful of a resoloution in the dispute over KPB and Muntari, with monies still owed from Italy.

 

In the case on Muntari, they are chasing payment of the last part of the transfer fee for the sale to Inter, but they still owe money to Udinese fir the original purchase of the player. However , this is not a fottball debt according to FA/PL rules and so is part of the CVA.

 

Can you imagine the reaction in the English press if ,say, Fiorentina had gome bust owing money for a player they had bought from an English club, who they had subsequently sold onto another English club for a profit, and then refused to cough up what they owed in the first place. The tabloids would have a field day.

 

I think that the Italian FA should get Inter to pay off Udinese, and the Skates get any small change that is left over. I am not just saying that because it is the Skates, but if the same thing happened to an Englsih club, I would want the FA to step in.

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When I win the euromillion tonight I will buy the skates. They are the bestest fans in the world ever and they deserve an owner like me.

I will pay off all their debt, and give Terry the Builder a decent drink for his trouble.

I will then have krap nottarf redecorated (Terry can do it) , red and white vertical stripes would look good. THe team can play in the same colours I think. Obviously after paying all the debt off I won't have that much left so I will drip feed them a little each month, just enough for overheads and wages, and watch them slide slowly (well rather quickly actually) back down to the level they deserve, playing H&W every week. Just waiting for the numbers to come in...

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http://www.newsnow.co.uk/A/484075537?-11209

 

Another update Ladies and gentlemen, they are still not happy,

 

:lol:

 

Reading the comments it is clear that the few are going to get fewer.

 

 

But if for any reason a ticket was not provided, the fan would still owe Zebra the full debt. The club said it ‘cannot foresee any circumstances where this would be relevant.

 

That's strange, everyone here can. :lol:

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When I win the euromillion tonight I will buy the skates. They are the bestest fans in the world ever and they deserve an owner like me.

I will pay off all their debt, and give Terry the Builder a decent drink for his trouble.

I will then have krap nottarf redecorated (Terry can do it) , red and white vertical stripes would look good. THe team can play in the same colours I think. Obviously after paying all the debt off I won't have that much left so I will drip feed them a little each month, just enough for overheads and wages, and watch them slide slowly (well rather quickly actually) back down to the level they deserve, playing H&W every week. Just waiting for the numbers to come in...

 

Alternatively, you could buy yourself a nice mansion and yacht in the Caribbean, and let the Cheats implode and slide back down to the level they deserve, all by themselves. Admittedly there won't be the satisfaction of them playing in red/white stripes, but I'm sure that won't be too big of a sacrifice as you sip martinis on the beach.

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Lol. Only just caught up on this.

 

If the few pay by credit card and the club stops trading in the summer then they will all go straight to their card companies to get the transaction refunded. Given that Poopey will have already spent the money and there will be no way for the card company to get the money back from the club they will be left with a massive loss (as they will still refund the fans). The card providers clearly think that there is a decent risk that this could happen and so aren't prepared to hand the cash over to the club until the games are played and their exposure is removed.

 

If the fans take out a loan from Zebra Finance to pay for their ticket and the club goes under in the summer then they will still have to make the repayments to Zebra and will have to try and get their season ticket money back from the Administrator/Liquidator. They will be unsecured creditors and I'd be willing to bet wouldn't get a penny.

 

Anywhere else in the world, in any other business or situation, you couldn't make this up, but us regulars somehow knew this was coming and more gems will still follow

 

Poopey the gift that keeps giving

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Why are they so angry? Surely they realised they'd have to pay for their FA Cup 'win' at some point.

 

They gloated about that Cup win on borrowed money and didn't give a flying feck about Terry the builder, or anyone else for that matter, losing money. Now when it comes down to putting their money into their club to keep it running they've all turned moralistic.

 

Admin & the CVA has cleared all the crooks out of the club so why not put their money where their mouth is . . . . Oh! Hang on, who's in charge now?

 

Bestest fans in the world ™? my ar55555e!

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I hope those that are going to buy a season ticket do so now. Mainly because the fools running the club will blow the cash over the summer and it will all start to collapse again in early autumn ;) as the gate receipts fail to match their overheads.

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http://www.newsnow.co.uk/A/484116737?-11209

 

1 in 4 not going to renew,not looking good

 

Around four hundred people took the Pompey Trust survey:

 

- 52% of people are angry at the Football Club and only 22% are okay with the announcement.

- 23% of season ticket holders will currently refuse to renew under the plans.

- 1.3% of non-season ticket holders will buy a season ticket this year.

- 25% of fans who attend games but aren’t season ticket holders, will reduce the amount of games they attend next season.

 

I suspect most were Saints fans, as Poopey can't muster four hundred!

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Around four hundred people took the Pompey Trust survey:

 

- 52% of people are angry at the Football Club and only 22% are okay with the announcement.

- 23% of season ticket holders will currently refuse to renew under the plans.

- 1.3% of non-season ticket holders will buy a season ticket this year.

- 25% of fans who attend games but aren’t season ticket holders, will reduce the amount of games they attend next season.

 

I suspect most were Saints fans, as Poopey can't muster four hundred!

 

True if it was a written survey

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I really hope he stays !

I just love his whining voice when he harps on about meagre resources and the paperthin squad !

If he thinks it's bad now, next season should be fecking hilarious :)

 

To be fair to him, he has done very well this season even if his moaning in the media is pathetic.

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To be fair to him, he has done very well this season even if his moaning in the media is pathetic.

 

With one of the most expensive squads in the division (the manager of billionaire-owned QPR complained about being outbid for a player by the Cheats), and with him probably failing to take them up to the Parachute Payment Division, I doubt Chinny shares your view.

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I believe PFC Realisations Ltd changed it's name to PORTSMOUTH FOOTBALL CLUB (2010) LIMITED (Company No. 07264768 ) awhile ago.

http://wck2.companieshouse.gov.uk/1519a622a52c6c3f4052240f839f87e9/compdetails

 

 

Another reason they could want the money in early is their "big game" at Southwark Crown Court in the w/c 16 May (last date i've been given).

Get the money before HMRC's star player "Folder 29" bags a winner and the 10 points are lost. ?

 

According to the list of companies,(see above link for Companies House), there are currently four companies using the title of Portsmouth (with, or without, City) Football Club. which is the one to which we all love to refer. OR, do they sawp the names around to suit the current demands

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he has taken the highest paid XI in the division to the fringes of the playoffs, the equivalent of Man City finishing 7th.

Even allowing for some settling in over their self-organised chaotic start (a US holiday paid for by the taxpayer), they should be higher with that team.

 

I see their position is similar to ours - high spenders in the division, and with that investment comes a level of expectancy.

Our season has been marred by the death of the owner and early-season managerial problems, yet we have turned it round and look competitive.

People won't call Nige a tactical genius if we finish 8th - the same should go for Cotterill.

He follows in the footsteps of the flawed Avram who spent an entire calendar year in the relegation zone yet is hailed as a managerial giant to the east, they seem to accept less over there.

 

With the money spent, both clubs have the minimum target this season of going up, not staying up.

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According to the list of companies,(see above link for Companies House), there are currently four companies using the title of Portsmouth (with, or without, City) Football Club. which is the one to which we all love to refer. OR, do they sawp the names around to suit the current demands

 

I believe there are 5 companies of interest.

I remember hearing that the "fan's company" received some letters from the Tax man a few years ago that should have gone to the "City company" therefore they may well be trying to confuse the Tax man.

 

CORRECT ME anyone if you think I am wrong

The current lot are :-

07264768 - (formally PFC REALISATIONS LTD i.e. newco)

PORTSMOUTH FOOTBALL CLUB (2010) LIMITED

FRATTON PARK FROGMORE ROAD SOUTHSEA UNITED KINGDOM PO4 8RA

 

The cheats that went into Admin last year are :-

03747237 - "oldco"

PORTSMOUTH CITY FOOTBALL CLUB LIMITED

25 FARRINGDON STREET LONDON EC4A 4AB

 

There are 3 other companies

05763080 - Dissolved in 2008 - unknown purpose???

PORTSMOUTH F.C. LIMITED

5 JUPITER HOUSE, CALLEVA PARK

ALDERMASTON

READING

BERKSHIRE

RG7 8NN

OC357362 ??? (It has been suggested by a Skate that this is the company Tom Lever setup when the 21yr was "talking" about a purchase )

PORTSMOUTH FC 2010 LLP

SUITE 250

162-168 REGENT STREET

LONDON

W1B 5TD

06567232 - I believe this is now owned by a fan. It was the pre1999 club that went into Admin in 1999.

PORTSMOUTH FOOTBALL CLUB LIMITED

39 BEECHAM ROAD

FRATTON

UK

PO1 5LY

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