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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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holepuncture

holepuncture

Posted
Posted

I was in Poopey yesterday and the smell of rotten fish was certainly alarming, it put an unsavory taint on my fish and chips.

 

Im finding this whole 'season ticket' daylight robbery rather amusing. Most people get paid this week, so they can plough all of there disposable income straight into Leivs and Chinnys slush fund. Im not forgetting that most skates dont work very hard, so its probably coming from the state somehow, or some silly credit card. Any means necessary for Chinny and the boys though!

 

Only a couple of days left before you lose your seats, how harsh is that?! Putting a gun to the heads of your most loyal customers, an emotional raping which demonstrates to me that Chinn and co are learning a bit about the football business, and are bringing a strong influence of their other business interests into the operation of fraud fc: viscious money lending and outrageous repayment demands... Weve already done the club for 22% interest, lets do the mug fans now!

 

I anticipate the skate attandence to take another considerable hit, as most clubs do suffer a far greater drop in the second season post prem, with the skates hillarious problems ahead I think they will be hit really hard. So, 2012 season ticket monies plus two years of parachutes to get through the first season of ccc footy, before paying any of the creditors for the CVA agreed in 2010 (which should be well underway by now). Well done Pompey, well done indeed.

 

So Cotters has done enough to earn himself a bit of speculation. Going by his frustrations, and his lack of career loyalty so far as he climbs the game, I would say he would grab a move away and would have no problems jumping ship before it crashes in the the Spinnaker.

 

Im not sure about Lampitt, but I think its about time he became head of spin for the Tories or perhaps he could improve the image of Gaddy gun runners. The manufactured answers to the various skate supporter groups open letters are nothing short of genious, and utterly hilarious. He would make Boris Johnson proud with his mighty deflection tactics!

 

Next season is going to be fantastic. They managed to stitch up the rest of the league this season with underhand 20k loanees, but it did not come without its consequences. All the youth talent has been farmed out, a decision they may come to regret when scraping a starting eleven together! They still have big contracts to honour, which is funny. Oh yeah, that CVA... I reckon they will go bust again, Chinny wont fancy it. Karma will catch up, and Pompey is going down with no money in the bank.

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Kingsland Nick

Kingsland Nick

Posted
Posted
05763080 - Dissolved in 2008 - unknown purpose???

PORTSMOUTH F.C. LIMITED

5 JUPITER HOUSE, CALLEVA PARK

ALDERMASTON

READING

BERKSHIRE

RG7 8NN

 

This was one of about 20 companies set up at the same time, all with football clubs in their name, and none of them had anything to do with the real clubs.

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Dark Munster

Dark Munster

Posted
Posted
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 :-

 

 

The cheats that went into Admin last year are :-

 

 

There are 3 other companies

 

They should simply be renamed Cheats FC. That will avoid all confusion.

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Saint_John

Saint_John

Posted
Posted

I think the weather forecast is wrong for today.

I believe there is a very localised cold front spreading from Hayling Island to Skate town today.

 

Imo it could see the Cheats drop to Minus 10 in a few weeks if Storrietellers trip for "Plea & Case Management" to Southwark Crown Court TODAY doesn't go well.

 

10:00 Court 7 before Judge Testar.

http://www.courtserve.net/courtlists/current/crown/sthwk_T110329.01.htm

 

No wonder the Cheats were trying to get the ST money in early

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Gemmel

Gemmel

Posted
Posted

Now it has been commited to crown court, this is just a two minute job for the accussed to plead Not guilty or Guilty.

 

I do hope the blue few haven't abused Mr Storrie to much in the street. Imagine the sense of revenge he would enjoy if he replied "G.u.i.l.t.y" your honour.

 

But thats just a pipe dream, they will al plead not guilty and it will move to trail in May

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Gemmel

Gemmel

Posted
Posted

He said: ‘If you look deeply into it, probably us being where we are could arguably be the biggest achievement in the Championship.

 

A little snippet from clotterill. Wouldn't be renegociating hios contract by any chance would he?

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rallyboy

rallyboy

Posted
Posted

He's an idiot, his big mistake is thinking that everyone else is gullible as well.

 

They really have been blessed with some clowns in key roles, whether it be making insane financial decisions or expecting people to believe their appalling PR.

Tis the comedy show that never stops.

 

I don't see the Russians rushing much - wasn't this the deal that was all but done and would complete a few weeks back just in time to pay the next wages and prevent any season ticket policy debacles?......

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dubai_phil

dubai_phil

Posted
Posted
He's an idiot, his big mistake is thinking that everyone else is gullible as well.

 

They really have been blessed with some clowns in key roles, whether it be making insane financial decisions or expecting people to believe their appalling PR.

Tis the comedy show that never stops.

 

I don't see the Russians rushing much - wasn't this the deal that was all but done and would complete a few weeks back just in time to pay the next wages and prevent any season ticket policy debacles?......

 

Hint

 

The lead Russian lives in

 

 

 

 

 

 

 

 

Sandbanks

 

Wonder what he would prefer to with his Saturday afternoons? Fight his way past us or......

Chat on his Yacht with a retired Champ League winning "Arry

Just a guess of course

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saintjay77

saintjay77

Posted
Posted

So how many weeks was it that the Russians would be taking over? I know news down there has been a bit slow latley which is suprising considering they were just about to be taken over....... again!

 

Internationals have given there squad a break which could line them up for a few decent results but that could just extend the agony on missing out on the play-offs at the last minute.

 

Any updates from the Ho latley?

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OldNick

OldNick

Posted
Posted
Another young player let go:

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/midfielder_to_be_shown_blues_door_1_2544507

 

"What is the difference between having six subs or seven subs?", says Steve - will have to remember that quote next year.

he really knows how NOT to make the young players feel good. I hope the parents of any youngster contemplating signing there think twice.
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Gemmel

Gemmel

Posted
Posted

Next seasons squad gets more interesting by the minute. Lumpitt and one of the other Directors are already on record as saying there is a hole in where they should be regarding money for the CVA and conmfirmation from the News that they have spent next years parachute money as well.

The next parachute payment is due in the Autumn...... Whats the betting they continue to ignore the provision for the CVA and just get another load of expensive loans and frees to make up the squad.

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rallyboy

rallyboy

Posted
Posted

why should pompey even bother to start the CVA?

No one is pushing them for payment, they had a big thumbs up from most creditors to do whatever they want and royally shaft them.

HMRC messed up in court so they look pretty toothless - I can't see any reason why Chanrai will bother to address the debts.

 

There has been no attempt thus far to pay off anything significant, what's going to change?

Even tax evasion convictions won't pay off debt, the creditors are incredibly thick or are being advised by village idiots.

 

The simpleton creditors voted for nothing (less expenses), and that's what they are getting - for at least another year.

Meanwhile AA is living it up, and the failed business is splashing out like Avram behind an industrial estate skip.

 

As it stands they look more likely to start work on the 80,000 seater Harbourdome than start the CVA.

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Dark Munster

Dark Munster

Posted
Posted
Next seasons squad gets more interesting by the minute. Lumpitt and one of the other Directors are already on record as saying there is a hole in where they should be regarding money for the CVA and conmfirmation from the News that they have spent next years parachute money as well.

The next parachute payment is due in the Autumn...... Whats the betting they continue to ignore the provision for the CVA and just get another load of expensive loans and frees to make up the squad.

 

Probably not. I'm sure that Chinny has shot his wad. If they don't go up their squad for next season will make our disastrous "revolutionary coaching set up" with the kids look like a Man City style extravaganza. And if the Autumn parachute payment is indeed the last one, then it's surely pull-the-plug time, and the Cheats (if they aren't completely liquidated) will drop down the leagues faster than a pair of knickers in Portsea Island.

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Gemmel

Gemmel

Posted
Posted

The tax man has never gone away and nor will he.

 

They made their case very clear months ago with the single line "Take the revised CVA or we will seek recompense, from individuals".

They were never walking away from the money just like that- not just because of the amount, but the message that it sends out.

100, 200, 300 pages before this, I have said the same thing and someone posted on here the tax man has 30 files on pompey.... I'm sure he does, but its when the axe falls that will probably surprise us all. It won't effect pompey per se, but someone will pay, if not in hard cash, but in hard time. For Gaydamak, it's no really biggy, it just limits where he can live (Assumming he doesn't stump up 30 million quid) but for others the price may well be higher. Remember even a CEO who is "Just an employee" has a legal obligation to fulfil his companies tax commitments. In a way i do feel a bit sorry for him (If I am right) as the previous owners will get out of it scott free, but I have a feeling Mr Storrie, will end up the "fall guy"

 

On a separate note, I woneder how many of those 30 folders are titled " Tanya Robins Evidence" :)

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saintjay77

saintjay77

Posted
Posted
This is a good read on the issues relating to Lehman and the Football Creditors Rule.

http://m.accountancyage.com/aa/analysis/2029942/lehmans-soothe-taxmans-football-woes

 

So it is "Lehman Brothers Special Financing V Belmont Park Investments" that HMRC is waiting for a judgement from the Supreme Court.

 

Says the decision is expected by the end of March. Looks like thats only a decision on updating the Anti-Deprviation Principle but that update is the key to what happens next.

 

So it could still be a while before anything happens here, as if that decision goes in favour of Lehmans then it sounds like it will go back to court for them, and HMRC will still be waiting for the result of that before they do anything here.

 

Lehmans got knocked back twice though based on how that Anti-Deprivation Principle is set out right now so its not looking good for them. Could be back to the drawing board for HMRC then.

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Saint_John

Saint_John

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IMO he looked very worried going into Southwark Crown Court on tuesday.

http://uk.eurosport.yahoo.com/29032011/2/photo/29032011105602.html

 

Although it was only for the "Plea" on Tuesday, I am very surprised there has been nothing in the press about the court appearance. Not even a one liner given the dates of the 2 trials.

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Gemmel

Gemmel

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Dont worry about arry, the amounts are trivial in the grand scheme of things, even guilty it will just be a fine and worst case suspended sentance. It would of course ruin his chances of being England manager and of owning Bournemouth, but I am sure he would find his away around the latter.

 

In fact it would be quite interesting for him to own his own club. Given every club bar his current one have gone bust, he might just have to change his post match interviews about how crap his squad is.

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saintjay77

saintjay77

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Dont worry about arry, the amounts are trivial in the grand scheme of things, even guilty it will just be a fine and worst case suspended sentance. It would of course ruin his chances of being England manager and of owning Bournemouth, but I am sure he would find his away around the latter.

 

In fact it would be quite interesting for him to own his own club. Given every club bar his current one have gone bust, he might just have to change his post match interviews about how crap his squad is.

 

It might not completly ruin the england job for him. Venables got done for something and was still the england manager didnt he? Not sure what way round that was but he is still respected(ish) in the football world.

 

Would be nice to see some dirt stick on the twitchy bugger though!

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Gemmel

Gemmel

Posted
Posted
It might not completly ruin the england job for him. Venables got done for something and was still the england manager didnt he? Not sure what way round that was but he is still respected(ish) in the football world.

 

Would be nice to see some dirt stick on the twitchy bugger though!

 

Im not a 100% certain, but think Venables "errors" were mid term and he resigned shortly afterwards..... To be honest the best thing Venables ever did was buy pompey for a pound..... Stitch them up, make some cash and have it away on his toes...... They seem to attract the very best people.

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mack rill

mack rill

Posted
Posted
Im not a 100% certain, but think Venables "errors" were mid term and he resigned shortly afterwards..... To be honest the best thing Venables ever did was buy pompey for a pound..... Stitch them up, make some cash and have it away on his toes...... They seem to attract the very best people.

 

Champaign Terrance, never bought us for a pound, He thought he had. Contracts were scribbled The bubbley cork was pop ed, Glasses were charged and raised by him and young Gregory, Then Venables Brief, Bent his shell like and whispered (you have just wasted a Knicker, He don't own the club, The Bank do) Terry got all arsie an fooooooked off,

The one thing Venables did do was make sure the fratton end stand was rebuilt.

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Gemmel

Gemmel

Posted
Posted
Champaign Terrance, never bought us for a pound, He thought he had. Contracts were scribbled The bubbley cork was pop ed, Glasses were charged and raised by him and young Gregory, Then Venables Brief, Bent his shell like and whispered (you have just wasted a Knicker, He don't own the club, The Bank do) Terry got all arsie an fooooooked off,

The one thing Venables did do was make sure the fratton end stand was rebuilt.

 

Fook off makers, that was a perfectly good urban myth you've just ruined and I prefer my version.

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teamsaint

teamsaint

Posted
Posted
Champaign Terrance, never bought us for a pound, He thought he had. Contracts were scribbled The bubbley cork was pop ed, Glasses were charged and raised by him and young Gregory, Then Venables Brief, Bent his shell like and whispered (you have just wasted a Knicker, He don't own the club, The Bank do) Terry got all arsie an fooooooked off,

The one thing Venables did do was make sure the fratton end stand was rebuilt.

 

so what happened to the farton end after the rebuild then?

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suewhistle

suewhistle

Posted
Posted
Champaign Terrance, never bought us for a pound, He thought he had. Contracts were scribbled The bubbley cork was pop ed, Glasses were charged and raised by him and young Gregory, Then Venables Brief, Bent his shell like and whispered (you have just wasted a Knicker, He don't own the club, The Bank do) Terry got all arsie an fooooooked off,

The one thing Venables did do was make sure the fratton end stand was rebuilt.

 

Don't be rude, gemmel!:-) sounds like a perfectly reasonable Pompey situation, not knowing who owns the club you are buying....

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Dark Munster

Dark Munster

Posted
Posted
Preferably not till next season so any points deduction will be then. They'd not be relegated with 10 points off this year.

 

Yes, but imagine they do manage to scrape into 6th place. Just as the few start to celebrate a chance of avoiding the guillotine ..... they get hit with a 10 point penalty, and so Chinny puts them into administration to complete the asset stripping, resulting in an extremely pissed-off FL tossing them out of the league completely.

 

Oh how we'd laugh.

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brightspark

brightspark

Posted
Posted

Congratulations Skatesmouth FC on awarding Perth Glory's Scott Neville a trial. Perth Glory finished 10th in the Hyundai A-League 2010/11 season (or should I say, 2nd last). While Neville isn't a bad player in context with the A-League........... surely he won't be anywhere near the standard of a Premiere League football team such as Skatesmouth.

 

You were also rumoured to be taking Brisbane's Mitch Nichols - but as expected that turned out to be an April fool. AND NO WONDER - he's way too good for you ;)

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rallyboy

rallyboy

Posted
Posted

before anyone starts launching practical jokes on here remember that we didn't get fooled by these comic gems -

 

'there will be no firesale'

'we are addressing debt'

'Al Fahim is a billionaire'

'we have the bestest fans in the world'

'we don't owe that much tax'

'it was a banking mistake'

'there was this dock strike....'

'The charities have been paid'

'Al Mirage is a billionaire'

'they are just image rights'

'all clubs have debt, we are no different, look at Man Utd'

'here's a picture of our new stadium'

'We are going to be the richest club in the world'

'we haven't been evading tax'

'this is a great deal for season ticket holders'

'Some kid whose father is bankrupt is a billionaire'

'you can't take our spirit'

'I don't have enough players'

'the charities have nearly been paid'

'the Premier League have got it in for us'

'we haven't been money laundering'

'the debt has rocketed to a state where we can create 75% of votes'

'there is no dispute with the former owner'

'Maradona will be bringing the best players in the world'

'it was another banking mistake'

'Storrie is a hero'

'Grant's a great manager'

'we welcome the forensic examination of the accounts'

'the Russians will complete this week'

'the majority of creditors fully support the cva'

'we owe Spurs money for a player they have never owned'

'he was just having a massage'

'the charities will be paid within the next few weeks'

'we are down to the barebones'

'Cotterill's a great manager'

'I'm slowly falling in love with the club'

'we are operating within our means'

'the future looks bright'

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Crab Lungs

Crab Lungs

Posted
Posted
Congratulations Skatesmouth FC on awarding Perth Glory's Scott Neville a trial. Perth Glory finished 10th in the Hyundai A-League 2010/11 season (or should I say, 2nd last). While Neville isn't a bad player in context with the A-League........... surely he won't be anywhere near the standard of a Premiere League football team such as Skatesmouth.

 

You were also rumoured to be taking Brisbane's Mitch Nichols - but as expected that turned out to be an April fool. AND NO WONDER - he's way too good for you ;)

 

Why don't they go the whole hog and invite Hamilton Thorp, Robbie Enes, John Aloisi and Andy Petterson back? Surely they could use the numbers...

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