Pompey Takeover Saga

[Torres]

Interviewer: And what about the number of bookings you've collected?

 

Cotterill, sarcastically: Why? Have we got more than anyone else?

 

Interviewer: Yes.

[gaz]

Bompey and Pompey imploding, Saints winning.....its a good day in football.

[saintjay77]

The fans even cheated on Soccer AM...

 

I was watching the Rugby this morning and forgot to sky+ soccerAM. Did Beats give them much stick? I flicked over to see that they wore their new Penis kit which made me laugh.

[Crab Lungs]

Interviewer: And what about the number of bookings you've collected?

 

Cotterill, sarcastically: Why? Have we got more than anyone else?

 

Interviewer: Yes.

 

That was brilliant. He's so stupid as well.. really, really stupid. I think even the Skate fans are embarrassed by him.

[Crab Lungs]

I was watching the Rugby this morning and forgot to sky+ soccerAM. Did Beats give them much stick? I flicked over to see that they wore their new Penis kit which made me laugh.

 

I only saw the last hour or so but apparently they turned their back on him when he came out. Typical small-time saddo behaviour, then again, I wouldn't have expected anything else. Grown men in an entire replica football kit

[LGTL]

I cannot believe they aren't getting on his back. The man is a complete clown, the whole world owes him and his useless team a favour. It's beautiful, really beautiful.

[TopGun]

Interviewer: And what about the number of bookings you've collected?

 

Cotterill, sarcastically: Why? Have we got more than anyone else?

 

Interviewer: Yes.

 

That was very funneh!

[Corporate Ho]

That didn't answer the question! Are you AA with your 'wooly' answers?

 

If Muller is not in anyway shape or form connected with CSI - being the CEO of a company that Antonov used to own, but then sold does not make him part of the new company's structure!!! - then why is he listed as part of the company structure?

 

What does he do for CSI to be on the company structure page?

 

A lot of questions that the skate thickos just seem to gloss over and accept - I dare say that's how the club was owned by gun running drug dealers in the first place! - and others [like PFC] pretend don't exist at all!

 

I hope you can follow that, but just in case you can't, I'll put it more simply for you.....

 

The Question :

 

Why is Victor Muller on the structure page of CSI website? Does he have anything to do with CSI and that is why he is on there?

 

My answer wasn't woolly in the slightest. Read it again. I said that when Antonov bought Spyker Sports cars he probably retained Muiller as CEO of the company, as he did with Lampitt at PFC. What's woolly about that? In fact, one quick Google brought me this story - that's exactly what happened.

 

"Spyker Cars has agreed to sell its sports car business of the same name to a UK holding company to allow it fully concentrate running Saab.

Muller will remain as CEO of Spyker until a successor can be found, and Spyker Cars will soon change its name to better reflect its business as owner of Saab."

 

http://www.autocar.co.uk/News/NewsArticle/AllCars/255596/

 

Sorry, tend not to post on this thread too much but appreciate CH's input to try to put some balance to the argument, however, this is confusing:

 

"Sorry FC, disagree completely about what may have been exploited. Most Saints posters still believe we spunked £130m on players and that's how we ran up the debt. In fact (as I keep saying) we were around £58m in debt at the point we started selling some of our best players (Diarra, Johnson, Muntari, Defoe etc.) This reduced the wage bill considerably and SHOULD have had the double effect of also reducing the debt level (is there anyone, even on this board who would disagree with that?). However, the fact is that from debts of £58m we sold players for more than £70m DID NOT keep buying big name, high fee players on huge wages but somehow saw the debt level DOUBLE???? Money that could and should have seen us running on a pretty much break even basis went missing - there's no other explanation for the situation. How you can view that as irrelavent is beyond me"

 

I believe the oft quoted and widley accepted figure of debt was £130 million, given the figures above are we saying now that the club sold £70million pounds worth of players and a further £72 million also just 'went missing' without any explanation?

 

Are there any theories or explanations as to how this money disappeared?

 

Some/ large chunks of it (as FC has posted) may have gone in paying up contracts and agents fees. Some (as I've posted) may have been taken out of the club by the owner (whoever it was at the time). I'm not sure of the legalities of that and whether they would be allowed to do it or not. But as I said, what's not clear is how the debt increased by the levels it did AFTER our days of signing big name players on high wages had ended

 

though ownership can be a complex and murky business, the paper trail for income recieved shouldn't be too difficult to follow -

 

Liverpool pay £xxM for Johnson - easy question, according to Liverpool's accounts, who did they pay what to?

If they paid it to PFC, it's either in the account or it has been paid out of PFC to a third party - if so, who, why and how?

You can't put a note in the cashbox - taken £10M for stamps.

 

So you cannot 'lose' tens of millions between clubs without leaving some sort of trail, or breaching most UK tax and FA rules.

An individual lone business perhaps, but not when all clubs involved are monitored.

 

The forensic investigation should throw up some answers.....

 

Hopefully it should. But when you're saying it couldn't just be taken out of the club you seem to be forgetting we're talking about Chainrai, Azougy and BVI listed companies here. Nothing would surprise me.

 

The harbour cancer trust in gosport,based above the bus station , has not been paid what was due, as yet,according to my source.

 

However that does not mean an arrangement has not been agreed by the two parties,either to settle by other means,a differing timescale or other promises made by PFC.

 

I don't think you will hear the charity say anything to inflame the issue,however much they were/are disappointed by the clubs actions.

 

I note that Corp came back to this thread but never answered this question.

 

Is it possible that Corp has got it wrong & the cancer charites have not been paid??

 

I came back on to post answers but had used up my three posts. Lampitt went on record back in January saying the charities had been paid IN FULL

 

http://www.portsmouthfc.co.uk/LatestNews/news/David-Lampitt-s-January-Diary-1771.aspx

 

Do you really think he'd have done that if the charities hadn't been paid? Imagine the consequences for him personally. So, what do we believe, Lampitt's official statement that they've been paid or Lard's mysterious "source"?

[70's Mike]

Lost again

[OVER THE HILL]

How can a team be so consistently unlucky ?:lol:

[gaz]

Lampitt went on record back in January saying the charities had been paid IN FULL

 

http://www.portsmouthfc.co.uk/LatestNews/news/David-Lampitt-s-January-Diary-1771.aspx

 

Do you really think he'd have done that if the charities hadn't been paid? Imagine the consequences for him personally. So, what do we believe, Lampitt's official statement that they've been paid or Lard's mysterious "source"?

 

Seeing the club's track record in saying one thing and doing the other, make your own mind up.

[Doctoroncall]

Seeing the club's track record in saying one thing and doing the other, make your own mind up.

 

The link is blank for me!!!??!!

[Saint in Paradise]

2 quotes from that link:-

 

 

I’ve said before that the only way for the club to win back any sort of trust and credibility after what has happened in the past, is for us to keep our word and deliver what we say we’re going to – I'd like to think this is another small step along that road. Similarly the fact that we have now paid in full the three main charities (Tom Prince, Harbour Cancer Trust and Faith & Football) that were owed money by the old company is part of that same process. We said that we wanted to have this done by Christmas and we have now, I hope, put to bed one of the most shameful aspects of the legacy we inherited. Our best wishes go out to each of those charities for the coming year.

 

Also from same article

 

In terms of our transfer activity this month we have to be prudent. I don’t intend to put the club's future at risk by pursuing a spending policy that cannot be supported, that significantly increases the club's indebtedness or risks the intervention of the Football League, who oversee and approve all our player trading in line with the business plan. After everything that the club has been through this would be unthinkable – we must learn to live within our means knowing that, by operating in this way, any success we achieve will be hard-earned but untainted. We also have to be mindful of our responsibilities to pay creditors under the terms of the CVA which is obviously a burden most other clubs do not have to contend with.

 

Appears to be all talk but no action then???

[Minsk]

The link is blank for me!!!??!!

 

Corpy was referring to this bit said by Lampitt:

 

Similarly the fact that we have now paid in full the three main charities (Tom Prince, Harbour Cancer Trust and Faith & Football) that were owed money by the old company is part of that same process.

 

Now, this has been pointed out to Corpy before but he seems unable to understand it, so I shall repeat it once more:

 

Lampitt says, 'THE THREE MAIN CHARITIES' he does NOT say ALL charities.

 

So, once again Corpy, please post a link which states ALL the charities have been paid.

[Tamesaint]

Now, this has been pointed out to Corpy before but he seems unable to understand it, so I shall repeat it once more:

 

 

He is from Portsmouth. What do you expect? Intelligence??

[Dark Munster]

Interviewer: And what about the number of bookings you've collected?

 

Cotterill, sarcastically: Why? Have we got more than anyone else?

 

Interviewer: Yes.

 

 

The Cheats had better be careful, because by the time they play us their "paper thin squad" will have so many suspensions that they'll have to start the car park attendant, the groundsman, the 12th man fan, and 65 year old Kanu, in their team. Of course that would give Corpse et al an excuse for the inevitable rogering they'll suffer when we play them at Krap Nottarf.

 

Anyway, we shouldn't be too smug. After all, they did give 3 points to one of our promotion rivals, and most of their relegation rivals lost today. So the few can take comfort that they still have a massive 2 point gap between themselves and the drop zone.

[Saint in Paradise]

Corpy was referring to this bit said by Lampitt:

 

Similarly the fact that we have now paid in full the three main charities (Tom Prince, Harbour Cancer Trust and Faith & Football) that were owed money by the old company is part of that same process.

 

Now, this has been pointed out to Corpy before but he seems unable to understand it, so I shall repeat it once more:

 

Lampitt says, 'THE THREE MAIN CHARITIES' he does NOT say ALL charities.

 

So, once again Corpy, please post a link which states ALL the charities have been paid.

 

I kinda pointed this out in the post directly above yours.

[Scummer]

LMFAO, Cotterill spitting feathers again.

 

Liam Lawrence sending off not a booking

 

Cotterill is making himself look like a right idiot. Just watched the football league show, and Lawrences first booking (which Cotterill said shouldn't have been a yellow) could easily have been a straight red. So could the second one. Steve should be thanking the ref for his player only getting a one match ban rather than the three games he should have got.

[Chopper71]

Cotterill is making himself look like a right idiot. Just watched the football league show, and Lawrences first booking (which Cotterill said shouldn't have been a yellow) could easily have been a straight red. So could the second one. Steve should be thanking the ref for his player only getting a one match ban rather than the three games he should have got.

 

And Claridge, the unbiased analyst, even agreed that both could have been a straight red. As for the dive that got Pigeonne sent off, then whover done it should get a retrospective booking but they don't do that.

[hutch]

I’ve said before that the only way for the club to win back any sort of trust and credibility after what has happened in the past, is for us to keep our word and deliver what we say we’re going to – I'd like to think this is another small step along that road. Similarly the fact that we have now paid in full the three main charities (Tom Prince, Harbour Cancer Trust and Faith & Football) that were owed money by the old company is part of that same process. We said that we wanted to have this done by Christmas and we have now, I hope, put to bed one of the most shameful aspects of the legacy we inherited. Our best wishes go out to each of those charities for the coming year.

To re-quote your earlier quote, SIP, with a different emphasis, Mr. Lampitt has previously acknowledged himself that there are other outstanding most shameful aspects of the legacy he inherited, but he hasn't quite got round to putting those ones to bed yet.

 

It is still, in his own words, shameful.

[rallyboy]

does Cotterill not realise we get to see the highlights?

 

Who is he trying to kid because I can't believe that the few are thick enough to buy his spin.

Why say Lawrence was innocent when he could have had two straight reds?

The man is an idiot - I do hope they don't sack him.

One trip to Horton Heath and he'll be as funny as tactical genius and serial relegation specialist good old uncle Avram.

Go on, give Cotterill a microphone, let him do a speech on the pitch....

[Chez]

is it me or does Cotterill say after almost every game that they were the better side and deserved to win? They must be the unluckiest side in history. Hope that luck doesn't change soon.

[JackFrost]

is it me or does Cotterill say after almost every game that they were the better side and deserved to win? They must be the unluckiest side in history. Hope that luck doesn't change soon.

 

If they played Barcelona and got stuffed 20-0 he'd say they were the better side and deserved to win.

 

Like Avram, he is paid to spout positive spin after every game, he is paid to talk like an idiot because it is an impossible job.

[Corporate Ho]

The harbour cancer trust in gosport,based above the bus station , has not been paid what was due, as yet,according to my source

 

 

However that does not mean an arrangement has not been agreed by the two parties,either to settle by other means,a differing timescale or other promises made by PFC.

 

I don't think you will hear the charity say anything to inflame the issue,however much they were/are disappointed by the clubs actions.

 

Thanks for confirming St L.

 

I'm sure Corpse will dismiss your comments as no more than a conspiracy theory - that is of course if he doesn't just ignore them altogether like PFC would.

 

But then, he's adamant and has stated on several occasions - apparently he's bored of repeating himself! - that ALL the charities have been paid! He's confident of this because a guy down the pub said so, but can't provide and proof of this - not even a link to the news website stating they had been paid! I mean they would have been all over the news like a rash wouldn't they, exploiting every last drop of good news from the club?

 

2 quotes from that link:-

 

 

I’ve said before that the only way for the club to win back any sort of trust and credibility after what has happened in the past, is for us to keep our word and deliver what we say we’re going to – I'd like to think this is another small step along that road. Similarly the fact that we have now paid in full the three main charities (Tom Prince, Harbour Cancer Trust and Faith & Football) that were owed money by the old company is part of that same process. We said that we wanted to have this done by Christmas and we have now, I hope, put to bed one of the most shameful aspects of the legacy we inherited. Our best wishes go out to each of those charities for the coming year.

 

Also from same article

 

In terms of our transfer activity this month we have to be prudent. I don’t intend to put the club's future at risk by pursuing a spending policy that cannot be supported, that significantly increases the club's indebtedness or risks the intervention of the Football League, who oversee and approve all our player trading in line with the business plan. After everything that the club has been through this would be unthinkable – we must learn to live within our means knowing that, by operating in this way, any success we achieve will be hard-earned but untainted. We also have to be mindful of our responsibilities to pay creditors under the terms of the CVA which is obviously a burden most other clubs do not have to contend with.

 

Appears to be all talk but no action then???

 

Corpy was referring to this bit said by Lampitt:

 

Similarly the fact that we have now paid in full the three main charities (Tom Prince, Harbour Cancer Trust and Faith & Football) that were owed money by the old company is part of that same process.

 

Now, this has been pointed out to Corpy before but he seems unable to understand it, so I shall repeat it once more:

 

Lampitt says, 'THE THREE MAIN CHARITIES' he does NOT say ALL charities.

 

So, once again Corpy, please post a link which states ALL the charities have been paid.

 

Sorry girls, I was replying directly to Holepuncture, referring to Lard's mysterious "source" saying the Harbour Cancer Charity hadn't been paid by using Lampitt's quote to prove it has.

 

You want proof that all charities have been paid? Here's a link to UHY's final report to creditors. At the bottom of page 19 you'll see that it says "All charities have been paid in full".

http://www.pompeyonline.com/downloads/final_progress_report.pdf

 

I await the next chorus of yeh but no but yeh but no but posts with interest

[EastleighSoulBoy]

 

You want proof that all charities have been paid? Here's a link to UHY's final report to creditors. At the bottom of page 19 you'll see that it says "All charities have been paid in full".

http://www.pompeyonline.com/downloads/final_progress_report.pdf

 

I await the next chorus of yeh but no but yeh but no but posts with interest

 

You obviously expect us to believe UHY (A.A.) after all their shenanigans and manuevering to exclude establishments, such as HMRC, from their dues?

 

So the football club repaid the fans who paid out of their own pockets to some of the charities?

 

Don't be so naive.

[h=3][/h]

[Crazy Diamond]

For the record, Corp Ho and all other Portsmouth contributors, I'm not up to speed with your current financial situation, I'm not going to trawl through a Google search and bring up any incriminating evidence that I don't properly understand, that's for other people to do if they like.

 

However.

 

When I see someone on a forum whose signature reads 'HMRC got prawned by Pompey!', I do wish you'd have ended up in the state Weymouth did (relegation after relegation after relegation and no future) and the game is worse off for Clubs like yours who can monumentally **** up and get a reprieve and act like nothing has happened. Many Clubs overspend, we did in 2006/07 and I was very uneasy about it, but to your extent? Christ.

[Weston Super Saint]

Sorry girls, I was replying directly to Holepuncture, referring to Lard's mysterious "source" saying the Harbour Cancer Charity hadn't been paid by using Lampitt's quote to prove it has.

 

You want proof that all charities have been paid? Here's a link to UHY's final report to creditors. At the bottom of page 19 you'll see that it says "All charities have been paid in full".

http://www.pompeyonline.com/downloads/final_progress_report.pdf

 

I await the next chorus of yeh but no but yeh but no but posts with interest

 

Great news, the charities have apparently been paid!

 

Although, personally I take that with a pinch of salt as the article also says :

 

Charity*claims*and*unsecured*claims*of*£2,500*or*under*

On*6*May*2010,*Andrew*Andronikou*advised*creditors*that*the*Debenture*Holder*had*undertaken*to*

pay*in*full*all*charities*and*unsecured*creditors*with*claims*of*£2,500*or*less.***

I*confirm*that*all*charities*have*now*been*paid*in*full*by*the*Debenture*Holder*and*that*all*received*

claims*of*£2,500*and*under*have*been*recently*passed*to*the*Debenture*Holder*for*review*and*

subsequent*payment.*

 

And yet, some 15 months down the line Lumpitt is on record as stating the claims of £2500 and under can't possibly be paid yet, as the club have no idea who is owed what, and are still working through the paperwork to work it out!

 

So either : AA is lying and the details were never passed on, just an educated 'guess' of who is owed what - in which case the rest of his document can be called into doubt.

 

Or : Lumpitt is lying and he knows exactly who is owed what, because AA has given the new company all the details, and the club can't be bothered to pay them for whatever reason.

 

Either way it still stinks more than a rotten flounder on the quayside.

[Clapham Saint]

 

So either : AA is lying and the details were never passed on, just an educated 'guess' of who is owed what - in which case the rest of his document can be called into doubt.

 

Or : Lumpitt is lying and he knows exactly who is owed what, because AA has given the new company all the details, and the club can't be bothered to pay them for whatever reason.

 

Either way it still stinks more than a rotten flounder on the quayside.

 

The charities will have been required to submit claim prior to the CVA vote. Unless there is a reason to dispute their claim after the event then the amounts are known.

 

Given that the amounts of any dispute are likely to be small enough not to be worth spending hours and hours arguing about and that some (I think) were confirmed by the presentation of a huge cheque, I doubt that there are any disputes.

[Saint_lambden]

is it me or does Cotterill say after almost every game that they were the better side and deserved to win? They must be the unluckiest side in history. Hope that luck doesn't change soon.

 

He blames other influences like the referee or his lack of finances, the first often, EVERY time they lose. It's pathetic. They had the same discipline problem last season but of course that's all down to the refs who have some agenda against Pompey players.

 

Lawrence deserved to be sent off yesterday, both stupid bookings.

[Weston Super Saint]

The charities will have been required to submit claim prior to the CVA vote. Unless there is a reason to dispute their claim after the event then the amounts are known.

 

Given that the amounts of any dispute are likely to be small enough not to be worth spending hours and hours arguing about and that some (I think) were confirmed by the presentation of a huge cheque, I doubt that there are any disputes.

 

To clarify :

 

I believe Lumpitt was talking about the sub £2500 creditors that still haven't been paid - as promised in the CVA! - because he has [allegedly] no idea who is owed what, despite AA claiming that all claims were clearly documented in the CVA and the CVA update...

[Clapham Saint]

To clarify :

 

I believe Lumpitt was talking about the sub £2500 creditors that still haven't been paid - as promised in the CVA! - because he has [allegedly] no idea who is owed what, despite AA claiming that all claims were clearly documented in the CVA and the CVA update...

 

The CVA stated that Portapin (or whatever th co is called) had undertaken to pay the sub £2,500 creditors and that when it had done so their claims would in the CVA would be considered to be settled.

 

i.e. we've had a promise from Chinny to pay them but they remain in the CVA at the moment until he does so.

[Corporate Ho]

You obviously expect us to believe UHY (A.A.) after all their shenanigans and manuevering to exclude establishments, such as HMRC, from their dues?

 

So the football club repaid the fans who paid out of their own pockets to some of the charities?

 

Don't be so naive.

[h=3][/h]

 

Well, that's a legal document so do you really think UHY would state that all charities had been paid if they hadn't?

 

As for your point about the club repaying fans, where did you get that from? The fans clubbed together to pay the St Johns Ambulance. How would the club track who was owed what from donations like that?

 

All charities have been paid. Lard was wrong/ trying to score points using a "source". Just admit it, yet another "fact" you've all banged on about for months was wrong

 

To clarify :

 

I believe Lumpitt was talking about the sub £2500 creditors that still haven't been paid - as promised in the CVA! - because he has [allegedly] no idea who is owed what, despite AA claiming that all claims were clearly documented in the CVA and the CVA update...

 

The CVA stated that Portapin (or whatever th co is called) had undertaken to pay the sub £2,500 creditors and that when it had done so their claims would in the CVA would be considered to be settled.

 

i.e. we've had a promise from Chinny to pay them but they remain in the CVA at the moment until he does so.

 

Thanks Clapham. Lampitt's point was that Portpin/ Chainrai agreed to pay the sub £2500 cremditors himself. So let him pay them. God knows he made enough money out of the club.

 

PS, anyone seen Dubai Phil? He seems to have gone missing lately

[simonsays]

Corpy, see my post from yesterday.

 

GET A LIFE YOU SAD GIT

[rallyboy]

if I were Ho I would be more worried about the current league table than coming up with lame excuses for the behaviour of club staff and owners.

Even though we haven't fired on all cylinders we do appear to have taken the initiative in what was meant to be a battle for local bragging rights.

In fact it's been a non-event so far - despite the money spent on their squad and the excellent job being done by future England coach Steve Cotterill, the massive and bestest sleeping giant does seem to have found it difficult to wake up, and one might observe that were it a boxing match the ref would have stepped in already.

What happened to us being two divisions adrift? Seems a long time ago now.

 

I'm sure Brighton and ourselves have just been lucky.

 

 

Most weeks, for two seasons.

[Dark Munster]

If they played Barcelona and got stuffed 20-0 he'd say they were the better side and deserved to win.

 

Like Avram, he is paid to spout positive spin after every game, he is paid to talk like an idiot because it is an impossible job.

 

In fairness, it could be the stress that his life (literally) depends on the Cheats getting promoted is getting to him.

[Wes Tender]

Well, that's a legal document so do you really think UHY would state that all charities had been paid if they hadn't?

 

 

Quite frankly, Corpse, AA has already had previous form in past administrations where he has acted unprofessionally at the very least and has been severely censured for it as a result. Nobody can really believe that the state of affairs regarding the debt levels at Pompey were not manipulated by him upwards, in order to prevent HMRC from achieving the percentage that they required to halt the CVA.

 

On that basis of mistrust of the ethical and moral standing of AA, yes, I am quite prepared to believe that AA is capable of deceit over matters like this. Exactly in the same way that I hold most others who have been associated with the running of your poxy little club in the same contempt.

[sidthesquid]

He blames other influences like the referee or his lack of finances, the first often, EVERY time they lose. It's pathetic. They had the same discipline problem last season but of course that's all down to the refs who have some agenda against Pompey players.

 

Lawrence deserved to be sent off yesterday, both stupid bookings.

 

18 bookings in 6 league games against our 5. DFCSBs

[Clapham Saint]

 

Thanks Clapham. Lampitt's point was that Portpin/ Chainrai agreed to pay the sub £2500 cremditors himself. So let him pay them. God knows he made enough money out of the club.

 

Except that Portpin never signed anything that comits them to paying. IMO it was just spouting PR whilst it suited him with no intention of ever actually coughing up. All just IMO obviously.

[Micky]

One thing that I have always disagreed with Ho about is the fact that he states that we are the only fans bothered about PFC's cheating.

 

See how easily PFC's name comes to Lee Bowyer when talking about Birminghams current plight.

 

http://www.skysports.com/video/inline/0,,16428_7164942,00.html

Edited 11 September, 2011 by Micky

[Minsk]

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA...........

 

Corpy thinks AA wouldn't lie in a legal document!!

 

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA..............

 

It's not as if he has previous for this is it??

 

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA...............

 

Now post a link from a 'credible' source saying all the charities have been paid!

 

Also, show me a link to where it says PFC have made a 'donation' commensurate to the sum they owed but which someone else (the supporters) paid tp St. John Ambulance and I might start believing they are doing the right thing in regard to charities.

[Corporate Ho]

Quite frankly, Corpse, AA has already had previous form in past administrations where he has acted unprofessionally at the very least and has been severely censured for it as a result. As far as I know, he is probably the most bent operative in that industry. Nobody can really believe that the state of affairs regarding the debt levels at Pompey were not manipulated by him upwards, in order to prevent HMRC from achieving the percentage that they required to halt the CVA.

 

On that basis of mistrust of the ethical and moral standing of AA, yes, I am quite prepared to believe that AA is capable of deceit over matters like this. Exactly in the same way that I hold most others who have been associated with the running of your poxy little club in the same contempt.

 

I wouldn't trust AA as far as I could throw him either BUT I don't believe even he would state in this kind of document that the charities had been paid if they hadn't. It's one thing to massage figures but don't believe UHY would put their name to something like that if it wasn't true. Lampitt's also confimed it publically remember

 

Except that Portpin never signed anything that comits them to paying. IMO it was just spouting PR whilst it suited him with no intention of ever actually coughing up. All just IMO obviously.

 

I'm aware he didn't sign anything Clapham but he did make a personal promise to pay them out of his own pocket. You heard/ read it yourself and it was well documented at the time

 

Now post a link from a 'credible' source saying all the charities have been paid!

 

Also, show me a link to where it says PFC have made a 'donation' commensurate to the sum they owed but which someone else (the supporters) paid tp St. John Ambulance and I might start believing they are doing the right thing in regard to charities.

 

If you're not careful you're going to strain yourself by overreaching clutching for those straws.

 

You, Lard and Holepuncture have had your proof. Give up

[saintjay77]

I only saw the last hour or so but apparently they turned their back on him when he came out. Typical small-time saddo behaviour, then again, I wouldn't have expected anything else. Grown men in an entire replica football kit

 

haha to be fair that sounds like a bit of freindly banter and I expect our fans would of done something similar. No doubt many others go for the full kit but shirts IMO are more than enough for grown men. lol

[Frank's cousin]

Far be it from me to 'defend' PFC, but I am not quite sure what attacking their fans over the current payment or non-payment of the Charities owed or the smaller creditors (under 2500) is that helpful in this debate... and credit should go to those fans who have pressurised the club to sort this, even if in part it is the responibility of Portpin?

 

To me this whole saga is about at what point does the over extending of the finances that leads to a competitive advantage become in the words of many 'cheating' and what should be done about by the footballing authorities to prevent it happening again. We can laugh at pompey, we can enjoy their fall from grace with schardenfreude as is expected from the local rivalries, no harm in that, but it does not answer address the main issue here. That clubs are still not managing their financial affairs within what would be common sense approaches, let alone reckless and stupid. Corps made the point that Pompey sold players to the value of 70 mil when 58mil in debt and where did this go? I speculated about how depending on teh contractual obligations selling ceratin high earners on long term contracts in a fire sale can in effect be counter productive, if the compensation payments due are in some cases potentially more than the transfer revenue... and when you consider that these payments are often spread over time, its hardly surprizing taht as fans without access to the books or in most cases accounting degrees find it impossible to get to the bottom of, let alone pass comment that is based on no more than speculation.

 

I suspect that of that 70 mil estimated transfer fee, a huge chunk would have gone straight back out again in compensation, paying over clubs installments on the original fees etc... I cant comment on whetehr there were any irregularities, thats up to the investigators, but it does not and should not distract us from the debate about WHY a club is allowed to get into such a financial mess, chasing a dream. For me this is not about pompey, but about the game as a whole. The 'private members club' rules being ineffective, ineffectual, and unlikely to be tightened because those making the rules play by the same financial tightrope... simply to try and avoid the 'dreaded drop' - they even were allowed to vote on giving themselves MORE money on relegation - to help with the stupid and excessiive contracts they were daft enough to sign up players for in teh first place... how the **** can this be acceptable in sport? It goes against the very principles of what sport is all about. Sky revenues have fuelled this greed and created a breakaway group that votes for its own good irrespective of what the FA say, what the remaining clubs in the FL think, with a complete disregard for the good of the game - its no surprize we see players doing the same when the example set by the PL clubs is so disfigured.

 

Corps you have tried to suggest that at times we did the same, took advantage of the system so why are we any different? Well I wills ay again that depsite the fact most fans might not agree, the PLC regulations combined with Lowe, meant when in the prem we were sensible, broke even and avoided debt on wages and players, had a sensible wage structure and invested in infrastructure when we could - the result of which was relegation - sure other factors applied, but ultimately managers came and went because most in football dont want to operate within such tight purse strings, even Strachan who left most liekly because he would not get the cash he wanted- because we did not have it - which is why he was perhaps never as critical of Lowe as some, he understood the sense it it, even if not able to work with it... Some have said (in ignornace) that the stadium debt was 'beyond our means' - er no it was not, we continued to pay it in the CCC and in L1 and because we cut our cloth had actually reduced the overdraft at the time that Barclays got cold feet... so I do believe we can at least demonstrate a reasonable level of moral high ground against not just pompey, but all other clubs that have gone down the high risk route... and I am comfortable with that even if its meant we were draged through the mire.

 

What i want to know is why the feck, no one is prepared to do something about the regulations. So many times we hear ****e from those within football that it should regulate itself, and avoid outside interference from government - usually because government is in teh back pocket of Murdoch and his vote swinging rags...but thats another debate - no balls, no ethics from the top, maybe we should not be surprized clubs get away with it, yet those who refuse to follow the pattern end up relegated... for me it stinks and perhaps why I would not be too dissapointed if we stay in the NPC - simply becasue I think teh prem is rotten, overhyped self proclaimed greatest leage in the world that encourages debt, extortionate ticket prices, foreign and domestic mercenaries with no real competition unless you spend 400mil on a new squad...not exactly a mouthwatering prospect for me.

[spyinthesky]

Just as an aside how much did Rupes give 'Sir' Harold Redknapp (anyone remember the Pompey News running a campaign to get Harry a Knighthood, with some fans calling for Petert Storrie to be included too!!!) - was it £90k for Fuller?

 

In comparison how much did 'Sir' Harold spend down at Fratton Park on transfers, agent fees and wages??

 

Although many of us complain about Ol Rosy Cheeks, at least he kept Harold on a fairly tight financial leash.

[holepuncture]

So we have clarified that Chinny promised to pay the small creditors, it was codified in AAs legally binding CVA document, and that AA and Limpitt have confirmed at various stages that they had been paid... but of course in reality they are still yet to recieve a penny... when they say they have been paid, it means they have a legitimate claim for the money, and as Clapham points out, once paid it will be deemed settled in terms of the CVA... So the charities might see some payment in 2012, if they can survive until then...

 

The Childrens Cancer Charities may have been 'paid' under the technical blanket of the CVA, but they are yet to recieve a penny!

 

As that total mug PFC123 kept pointing out a while ago, the CVA is technically in full swing and the creditors are getting payment as to the schedule they agreed to... again in reality this means that not a single penny has gone to the creditors, and they have a small hope of seeing the first installment at some point next year... legally this is hunky dory as the creditors fell for it and signed the deal

 

The skates were rather funny on Soccer AM, firstly because they had no songs after 'pay up poopey' to sing after the advert breaks, and secondly because they were all wearing the new skate 3rd strip; the giant penis with a woman on the shoulder spreading her legs.

 

What amused me most was Hells Bells screaming at the skates to STOP CHEATING... NO, THATS CHEATING... STOP IT, STOP CHEATING! This was during the penalty shootout game at the end, where the skates emulated their owners by breaking all the rules of the game to achieve a competitive advantage... and it really paid off for them as they got some illegal goals which pushed them to the top of the table. Hells Bells stated she was angry that their cheating antics had put them at the top of the table, and once again a dark cloud of shame descended over the skates... they could barely celebrate the illegal success, because, as always with poopey, it was an illegal sham built on totally immoral foundations...

 

Surprised TCWTB didnt make an apperance, the Pompey mascot, the pride of poopey!

[dronskisaint]

That was brilliant. He's so stupid as well.. really, really stupid. I think even the Skate fans are embarrassed by him.

 

Except that if embarrassment was in their DNA they would have died of it in droves over the last few years!

[Corporate Ho]

So we have clarified that Chinny promised to pay the small creditors, it was codified in AAs legally binding CVA document, and that AA and Limpitt have confirmed at various stages that they had been paid... but of course in reality they are still yet to recieve a penny... when they say they have been paid, it means they have a legitimate claim for the money, and as Clapham points out, once paid it will be deemed settled in terms of the CVA... So the charities might see some payment in 2012, if they can survive until then...

 

The Childrens Cancer Charities may have been 'paid' under the technical blanket of the CVA, but they are yet to recieve a penny!

 

You are completely wrong. The charities have been paid in full. They haven't been "paid under the technical blanket of the CVA". If that were the case everyone would have been paid. Similarly, you're wrong when you say Lampitt's has said many times that the small creditors under £2500 have been paid - he's never said any such thing. The promise to pay creditors under £2500 was never a "legally binding document" it was a verbal promise made by Chainrai. You're wrong about the charities, wrong about Lampitt saying the small creditors have been paid and wrong about it being codified in a legally binding agreement.

 

Congratulations, you've probably got more things wrong in such a short post than anyone ever has before.

 

You look a complete chump for bleating on about the charities when you've been proved wrong twice now. Just give it up and post yet another one of your lengthy posts full of swearing. They're so funny

 

Far be it from me to 'defend' PFC, but I am not quite sure what attacking their fans over the current payment or non-payment of the Charities owed or the smaller creditors (under 2500) is that helpful in this debate... and credit should go to those fans who have pressurised the club to sort this, even if in part it is the responibility of Portpin?

 

To me this whole saga is about at what point does the over extending of the finances that leads to a competitive advantage become in the words of many 'cheating' and what should be done about by the footballing authorities to prevent it happening again. We can laugh at pompey, we can enjoy their fall from grace with schardenfreude as is expected from the local rivalries, no harm in that, but it does not answer address the main issue here. That clubs are still not managing their financial affairs within what would be common sense approaches, let alone reckless and stupid. Corps made the point that Pompey sold players to the value of 70 mil when 58mil in debt and where did this go? I speculated about how depending on teh contractual obligations selling ceratin high earners on long term contracts in a fire sale can in effect be counter productive, if the compensation payments due are in some cases potentially more than the transfer revenue... and when you consider that these payments are often spread over time, its hardly surprizing taht as fans without access to the books or in most cases accounting degrees find it impossible to get to the bottom of, let alone pass comment that is based on no more than speculation.

 

I suspect that of that 70 mil estimated transfer fee, a huge chunk would have gone straight back out again in compensation, paying over clubs installments on the original fees etc... I cant comment on whetehr there were any irregularities, thats up to the investigators, but it does not and should not distract us from the debate about WHY a club is allowed to get into such a financial mess, chasing a dream. For me this is not about pompey, but about the game as a whole. The 'private members club' rules being ineffective, ineffectual, and unlikely to be tightened because those making the rules play by the same financial tightrope... simply to try and avoid the 'dreaded drop' - they even were allowed to vote on giving themselves MORE money on relegation - to help with the stupid and excessiive contracts they were daft enough to sign up players for in teh first place... how the **** can this be acceptable in sport? It goes against the very principles of what sport is all about. Sky revenues have fuelled this greed and created a breakaway group that votes for its own good irrespective of what the FA say, what the remaining clubs in the FL think, with a complete disregard for the good of the game - its no surprize we see players doing the same when the example set by the PL clubs is so disfigured.

 

Corps you have tried to suggest that at times we did the same, took advantage of the system so why are we any different? Well I wills ay again that depsite the fact most fans might not agree, the PLC regulations combined with Lowe, meant when in the prem we were sensible, broke even and avoided debt on wages and players, had a sensible wage structure and invested in infrastructure when we could - the result of which was relegation - sure other factors applied, but ultimately managers came and went because most in football dont want to operate within such tight purse strings, even Strachan who left most liekly because he would not get the cash he wanted- because we did not have it - which is why he was perhaps never as critical of Lowe as some, he understood the sense it it, even if not able to work with it... Some have said (in ignornace) that the stadium debt was 'beyond our means' - er no it was not, we continued to pay it in the CCC and in L1 and because we cut our cloth had actually reduced the overdraft at the time that Barclays got cold feet... so I do believe we can at least demonstrate a reasonable level of moral high ground against not just pompey, but all other clubs that have gone down the high risk route... and I am comfortable with that even if its meant we were draged through the mire.

 

What i want to know is why the feck, no one is prepared to do something about the regulations. So many times we hear ****e from those within football that it should regulate itself, and avoid outside interference from government - usually because government is in teh back pocket of Murdoch and his vote swinging rags...but thats another debate - no balls, no ethics from the top, maybe we should not be surprized clubs get away with it, yet those who refuse to follow the pattern end up relegated... for me it stinks and perhaps why I would not be too dissapointed if we stay in the NPC - simply becasue I think teh prem is rotten, overhyped self proclaimed greatest leage in the world that encourages debt, extortionate ticket prices, foreign and domestic mercenaries with no real competition unless you spend 400mil on a new squad...not exactly a mouthwatering prospect for me.

 

FC, I agree with your last paragraph about the NPC. It's a decent, competitive league with lots of team of a similar strength teams in it. You could go up this season and see Liebherr's family spend £100m on you and you'd probably get a top 10 finish. It's insane.

 

But here's a thought that might stop the financial craziness - don't let owners load debt onto the clubs when they're buying players (or even buying the club itself). make them personally responsible for any financial problems. That would address the issues

[Tamesaint]

Corpy, see my post from yesterday.

 

GET A LIFE YOU SAD GIT

 

That is very unfair. Corp has an interesting life. It is about to be dramatised by the BBC. I have got an advance copy of the script:

 

Date Saturday 10 September

Time 6.45 pm - Unlucky Pompey have just gone down 4-3 to the cheating Hammers . The Saints have just won at home again and the gap between them and Pompey is increasing ever larger.

Scene: Corp Ho's front room - somewhere in Portsmouth

Present : Mr & Mrs Corporate Ho.

 

 

Mrs Ho: (seductively) Hey , bro. Little Corpette is out at our mum's. Why don't you and me go upstairs and try to make her a little brother.

 

Corp Ho : (crouched over a keyboard) - In a minute my dear. I just need to finish this post for the Saintsweb.

 

Mrs Ho: What are you still on that? You've been writing that for ages. You even missed listening to Clotterill's moan about the ref to start writing that..

 

Corp Ho: Its all right. I heard it last week and I will hear it again next week. I just need to fiinsh this post. That Rallyboy has been really getting on my nerves lately.

 

Mrs Ho: But you have been writing on that forum for ages . At first you promised that you would only write when you were at work.

 

Corp Ho: Yes. but all the fat from the burgers I was flipping just messed up the keyboard.

 

Mrs Ho: Now you have now written nearly 800 posts - all on the same subject. Don't you think that they are bored with reading the same drivel from you? Why don't you come upstairs? I'm nearly 16 now so its almost legal.

 

Corp Ho : I can't sis. I am committed to the great Pompey cause. If I keep banging away on the same drum they may listen to me. I cannot rest until every Saints fan has joined the Blue Few!!

 

Mrs Ho : (annoyed now) : Well I'm going out then. You aren't the only brother I've got!!

 

THE END

 

 

And then he posted on Saturday evening.

[Sevvy]

But here's a thought that might stop the financial craziness - don't let owners load debt onto the clubs when they're buying players (or even buying the club itself). make them personally responsible for any financial problems. That would address the issues

 

I hate to say it but for once i agree with you ho

[hutch]

The promise to pay creditors under £2500 was never a "legally binding document" it was a verbal promise made by Chainrai.

Well, not really.

 

That undertaking was written into the CVA report which was filed by the Administrator at the High Court on or about 18th June 2010. It is part & parcel of the terms under which the club exited admin.