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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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holepuncture

holepuncture

Posted
Posted

 

Excellent, chalk that one in the diary... this reminds me of those wonderful days at the high court during the winding up hearings, with skysports reporting outside all day long, revealing the shocking criminal activity going down at Nottarf... there was always a skate outside crying for his beloved, bless the delided little moron!

 

I wonder if Poopey will be regarded as a good or a bad asset !

 

how they could be percieved as a good asset? it is beyond the realms of sanity, even in lithuania...

 

a crumbling stadium and the highest paid XI in the NPC, no infrastructure and ringfenced by a gun running nutter and a viscous loan shark - all i can see is one massive liability.

 

 

Cant find anything on Petrobas Dubai, there is some information about Vlad and finistra moving into gold mining in Krygistan (sp.), with a figure touted suspiciously similar to the figure Vlad has stolen from the bank...

 

heres to another fantastic week on this magnificent thread!

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Foxstone

Foxstone

Posted
Posted
Excellent, chalk that one in the diary... this reminds me of those wonderful days at the high court during the winding up hearings, with skysports reporting outside all day long, revealing the shocking criminal activity going down at Nottarf... there was always a skate outside crying for his beloved, bless the delided little moron!

 

 

 

how they could be percieved as a good asset? it is beyond the realms of sanity, even in lithuania...

a crumbling stadium and the highest paid XI in the NPC, no infrastructure and ringfenced by a gun running nutter and a viscous loan shark - all i can see is one massive liability.

 

 

Cant find anything on Petrobas Dubai, there is some information about Vlad and finistra moving into gold mining in Krygistan (sp.), with a figure touted suspiciously similar to the figure Vlad has stolen from the bank...

 

heres to another fantastic week on this magnificent thread!

 

 

Oh I quite agree with you - It's only that I could not find "a tongue in cheek" emoticom ;)

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pedg

pedg

Posted
Posted

What a surprise. Bank paperwork more complicated than expected

 

http://www.bloomberg.com/news/2011-11-21/snoras-takeover-finances-more-complicated-than-thought-1-.html

 

Lithuanian Prime Minister Andrius Kubilius said the situation at Bankas Snoras AB (SRS1L), which was taken over by the government last week, is “more complicated than initially thought.”

Kubilius reiterated that the central bank will have more information about the the takeover of Snoras and a probe into its finances on Nov. 23.

The government seized Snoras on Nov. 16 after the central bank discovered that about 300 million euros ($405 million) of assets may be missing and the lender was at risk of insolvency. Some securities reported as assets by the bank don’t exist, the regulator said. The Prosecutor General opened an investigation into possible fraud and embezzlement.

“An investigation will show how responsible a commercial bank it was and how much of it was a vehicle for shady financial dealings,” Kubilius told journalists today.

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pedg

pedg

Posted
Posted

Would still like to know why this current situation was set off. The take over was started after a large number of assets were moved but why were those assets moved?

 

As I see it there are 3 options

 

1) Movement of funds was planned but parties involved did not expect the authorities to act as they did.

2) Movement of funds was planned and parties involved expected that the authorities would act at some point but did not care.

3) Movement of funds done in a hurry as parties worried about getting caught and wanted to move out as much funds as they could before that happened.

 

any other possible reasons and idea which is correct?

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holepuncture

holepuncture

Posted
Posted
Would still like to know why this current situation was set off. The take over was started after a large number of assets were moved but why were those assets moved?

 

As I see it there are 3 options

 

1) Movement of funds was planned but parties involved did not expect the authorities to act as they did.

2) Movement of funds was planned and parties involved expected that the authorities would act at some point but did not care.

3) Movement of funds done in a hurry as parties worried about getting caught and wanted to move out as much funds as they could before that happened.

 

any other possible reasons and idea which is correct?

 

Almost certainly option three there... they would have been tipped off that the government is planning an imminent seizure of the bank, so they would have moved as much cash out ASAP... I reckon they have moved it to Vlads offshore bank in west indies, bancotransatlantico...

 

i guess they will exploit the failed 'Tax Information Exchange Agreements' which is too easy to avoid:

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/8836321/Tax-Information-Exchange-Agreements-dont-work.html

 

 

 

Nice to see £2k PW Voldermort and £36k PW TBH are already getting on brilliantly, with Haim dumped at half time on the weekend.

 

It appears Voldermort is keen to continue with Limpitt and Clotters quality over quality approach, as after watching the highest paid XI in the league on the weekend, he want three new players in by thursday!

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_step_up_hunt_for_fresh_faces_after_watford_woe_1_3266758

 

‘The squad is small at the minute so it is going to need a little bit of quality to freshen things up and it will do everyone the world of good.’

 

Adkins, Deepincider - who did you support before this season? Most s(cummers I know have been keeping their heads down 'following' arsenal or chelsea for the last 4 years! I used to live in your poor excuse for a city and laughed when I got a letter through my door begging me to attend games when your attendances dropped off the chart. Journeymen supporters - always have been, always will be. Do they let the Poles in for free these days? Who are you deep inside anyway? Your sister I presume. RANT OVER.

 

PMSL

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pedg

pedg

Posted
Posted
Almost certainly option three there... they would have been tipped off that the government is planning an imminent seizure of the bank, so they would have moved as much cash out ASAP... I reckon they have moved it to Vlads offshore bank in west indies, bancotransatlantico...

 

Possibly but its a bit of a chicken and egg scenario as the government claim to only have seized the bank because of the asset movements. If the assets had not been moved would they have acted, if so what reason would they be able to give before seeing the books.

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dubai_phil

dubai_phil

Posted
Posted
Would still like to know why this current situation was set off. The take over was started after a large number of assets were moved but why were those assets moved?

 

As I see it there are 3 options

 

1) Movement of funds was planned but parties involved did not expect the authorities to act as they did.

2) Movement of funds was planned and parties involved expected that the authorities would act at some point but did not care.

3) Movement of funds done in a hurry as parties worried about getting caught and wanted to move out as much funds as they could before that happened.

 

any other possible reasons and idea which is correct?

 

Hang about.

 

Haven't we heard this story before?

 

One of the early rumamafia sites.

 

Move money into a bank

Play with it for a while

Move money out of bank forcing Government (or Insurance) to kick in to save the real investors

 

Just this time they seem to have moved the concept outside of Russia.

 

Probably still the original Railways stakemoney as well

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rallyboy

rallyboy

Posted
Posted

difficult to judge the poor bloke after just one game but....Mr Appy already has the air of a clueless bloke in way beyond his depth.

He couldn't be worse than the previous appointments could he?

 

Life can't be that funny can it?....

 

Do I recall promotion hopefuls Norwich going to their arch rivals and giving them the mother of all spankings last season?

There's a thought.:smug:

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Gemmel

Gemmel

Posted
Posted
Would still like to know why this current situation was set off. The take over was started after a large number of assets were moved but why were those assets moved?

 

As I see it there are 3 options

 

1) Movement of funds was planned but parties involved did not expect the authorities to act as they did.

2) Movement of funds was planned and parties involved expected that the authorities would act at some point but did not care.

3) Movement of funds done in a hurry as parties worried about getting caught and wanted to move out as much funds as they could before that happened.

 

any other possible reasons and idea which is correct?

 

Russian Mafias take on it;

 

http://rumafia.com/news.php?id=453

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Sevvy

Sevvy

Posted
Posted

I have to say mack, you do have a great outlook on things, shame more are not like you,

 

So what do you think is going to happen next, will he get more players in before thursday or not, if he dosent it possible shows that this bank problem is a bigger problem to the owners than they are trying to make out,

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mack rill

mack rill

Posted
Posted

 

So what do you think is going to happen next, will he get more players in before thursday or not, if he dosent it possible shows that this bank problem is a bigger problem to the owners than they are trying to make out,

 

Feck nose what will happen next, I come on-ear to find that out:smug: Lets hope the old saying (pay peanuts get monkeys) dos-nee smack us in the chops,

Have a feeling Appys come in giving it the (Billy big ********) and the way they played Satdee The players weren't over joyed, should of left it as it was, saved there selfs a bit of some uver Kants money.

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Saint in Paradise

Saint in Paradise

Posted
Posted (edited)

All I can find about Bank Petrobas is the fact that they have borrowed rather a lot of money. This

article is from last April.

 

April 14 (Bloomberg) -- Petroleo Brasileiro SA, Brazil’s state-run oil company, is in talks with China Development Bank Corp.

for a new loan after borrowing $10 billion from the policy bank in 2009, bank Chairman Chen Yuan said.

 

Chen told reporters in Sanya, China, that details of any loan were yet to be agreed. Petrobras needs cash to pay for

$224 billion in planned investment through 2014, the largest spending plan of any oil company, as it seeks to increase

oil and gasoline output. Petrobras Chief Executive Officer Jose Sergio Gabrielli accompanied Brazil’s President Dilma Rousseff

on her trip to China.

 

http://www.businessweek.com/news/2011-04-14/brazil-s-petrobras-in-talks-for-china-development-bank-loan.html

 

.

Edited by Saint in Paradise
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SaintBobby

SaintBobby

Posted
Posted
I've asked the question time and time again but if they wanted a club to do anything "dodgy" through why not but ANY other club than Pompey? Our finances are now so strictly monitored by the FL that it makes absolutely no sense whatsoever to buy us for that purpose. You'd be better off buying any other club. For example, if you wanted to launder money and owned banks why bother buying a football club? Why not do it through the banks?

 

I read a post earlier calculating how much of Antonov's personal welath has been lost from Snoras' assets. For such amazingly investigative minds you do seem to miss obvious points such as the fact it's not the only buisness he owns (not even the only bank he owns come to that). Now, before everyone claims I've said he has millions elsewhere because I think he's going to pour it into Pompey let's make it clear I haven't and have never thought they were going to do that. It's just funny that you big yourselves up so much and miss such obvious points.

 

As for the Rumafia.com article and the Kroll report, these were on POL months before you genius' posted them on here.

 

And just to point out another (yet another) mistake in a Holepuncture post, SAAB didn't block Antonov from taking over, they were desperate for him to invest. The EIB blocked him taking over. At least get your basic facts right you cock

 

I'm not sure if Portsmouth have been used (again) for money laundering purposes.

 

It's very possible, but it's not certain.

 

Reasons for buying Portsmouth rather than one of the other 92 clubs would be pretty obvious...

 

Yes, the club is under more scrutiny than most, but this scrutiny is so lax as to be almost non-existent. Certainly easy to get round.

 

Additonally, Portsmouth's internal checks and balances are likely to be almost zero, so utterly dysfunctional has the club been in recent years.

 

It is true that if you bought, say, Burnley, you would have slightly fewer half-hearted types from the FA/FL looking through the paperwork, but you'd run the risk of some internal check and balance (a senior staffer, for example) blowing the whistle.

 

By way of analogy, it's why dodgy mafia types invest in strip joints/brothels in Soho rather than, say, launching a takeover bid for Mothercare. The former are under enormously more scrutiny from Scotland Yard/The Vice Squad/The Child Protection Unit etc...but it's a damned lot harder to run laundered money through the latter.

 

I don't know how acquainted you are with international banking regulations.

 

Barely at all, by the sound of it.

 

Contrary to popular belief, banking is one of the most tightly regulated sectors on the planet. Laundering money through your own bank would be reckless verging on suicidal. You'd likely be caught very quickly indeed.

 

That is why, throughout recent history, the mafia have tended to avoid the financial services sector. You don't find the Cosa Nostra putting their capital into banking and insurance - they invest in drugs, bars and restaurants. The dubious organised crime interests in 1960s America didn't run pensions funds - they bought up Las Vegas casinos. Al Capone had a network of illegal drinking dens, not life assurance annuities.

 

Organised crime always gravitates to the leisure industries with high cash turnover and few questions properly asked. I think it's reasonable to say that English football broadly fits into that category.

 

Nothing of this means your owner is definitely a crook.

 

He may be a misunderstood, unfairly maligned, genuine, well meaning, self-made, honest billionaire with a purely philanthropic interest in Portsmouth FC's wellbeing embedded deeply in his heart.

 

But, the circumstantial evidence points in another direction.

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Gemmel

Gemmel

Posted
Posted

 

Not quite folded.... Lets just say, "Taken away from him"

 

I suspect we might see a couple more of his financial companies go the same way, until there is a massive bun fight for the assets.

 

Peter Storrie, with his 25 years of footballing experience could surely earn a days consulting, advising them on the value of portsmouth.

 

Sour mash, your post suggesting this thread should be closed was a million miles out.

 

This is potentially as bad as where they originally were. I am not sure what use the lithuainian goverment has with English football club saddled with debt and a huge wage bill.

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rallyboy

rallyboy

Posted
Posted

to the layman it appears that his business empire is crashing down around his ears...that might have a knock-on effect when it comes to building that shiny new stadium.....or bringing in new players.....or placating the previously toothless football authorities.

If in the next few months he can't find money in other corners of his business world and misses the wages, I might just wet myself a bit!:lol:

 

Cue Lampitt saying nothing is wrong, but with a slight twitch.

Then dig out the shot of Leslie Nielson telling us there is nothing to see....

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dubai_phil

dubai_phil

Posted
Posted

Arrogance?

 

I wonder if this will be the downfall?

 

Stories I heard about his (first) Bompey bid was that he knew it all. Didn't need to follow the normal process, had the "I am rich why do you need proof of funds to talk to me?" attitude, backed up by his show off wheels & the like.

 

The rumamafia sites allude that he played a scam within Russia, and this current Baltic issue seems to be following a similar trail. Could he possibly have been so naive to think that he could get away with stuff inside Russia and assumed he was so important he could do it outside as well?

 

That would then fit the profile of someone who wanted a train set to show off, and the possibility that he was less than careful with his Due Dilligence (hence his comment about the club being "Debt Free")

 

Not so sure that his "Empire" is necessarily collapsing around his ears, think it is more along the line that he may have made one mistake (typical of people who never listen) and has set in motion a series of train wrecks.

 

Seriously don't think any of this will affect poopey YET. The only thing that can do that would be should an Extradition/Arrest Warrant be issued which could then force the FL to revise their FAPP. But as poopey are owned by CSI not by Vlad himself that would offer a get out clause.

 

So I think it's just set up perfectly for another few months of great moments and lolages for us and more heartbreaking uncertainty for the few.

 

The big test in terms of how this could pan out will be the loan window closing on Thursday.

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Gemmel

Gemmel

Posted
Posted
You know, your post seemed to be quite eloquent and well thought out and then you posted the above, which was a real ROTFPMSL moment.

 

Maybe you could tell that to Jimmy Hoffa - if you can find him :lol:

 

Morning corp..... getting a tad nervous yet? Or is Antonov, just a misunderstood, victim of circumstances.

 

Two separate goverments, will there be a third, fourth or fifth?

 

Has your mate, that is ITK and close to all the right people heard from Vladamir?

 

I'm sure it's all just a misunderstanding.

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Corporate Ho

Corporate Ho

Posted
Posted
Morning corp..... getting a tad nervous yet? Or is Antonov, just a misunderstood, victim of circumstances.

 

Two separate goverments, will there be a third, fourth or fifth?

 

Has your mate, that is ITK and close to all the right people heard from Vladamir?

 

I'm sure it's all just a misunderstanding.

 

Why get nervous. It's all happened before to Pompey. If he's charged (assuming he's back in Russia and they agree to extradite him) what will the FL do? They passed him through their new, strenuous FAPPT so will they admit any culpability?

 

Anyway, according to you lot Chainrai is still in charge really so what difference does this make in the scheme of things?

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holepuncture

holepuncture

Posted
Posted
Russian Mafias take on it;

 

http://rumafia.com/news.php?id=453

 

Marvelous, these chaps certainly have an eye or ten on the situation...

 

So Vlad was trickling cash into 'front companies' by fudging through unsecured loans (a skate delicacy), but he knew the balance sheet would eventually reveal Snoras exposure due to too much unsecured liabilities... so he needed to get some equity somehow, enter Polonsky and the bankrupt but resource rich Mirax group...

 

Vlad has managed to get the cash out of his front companies by swapping it for a shareholding in Polonskys development, so Snoras looks less alarming/illegal on the balance sheet... sure the development is insolvent, but the shares give them some property... what the Lithuanian authorities are now discovering is that the property is significantly over valued!

 

not too shabby Vlad, not too shabby at all...

 

So, I guess we should welcome the latest gentlemen to the great pompey story, Sergei Polonsky - I suspect your role will be short lived in this wonderful affair, however you could well be a catalyst for the imminent collapse of the phew... with that first C.V.A payment looking increasingly vulnerable based on the goings on with the Russian mafias behaviour.

 

 

Pompeys going down with no money in the bank?

 

Pompeys going down with no bank?

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Saint Lindford

Saint Lindford

Posted
Posted

Got this response today from the FL to an e-mail I sent regarding the FAPPT that was done on Antonov.

 

Thank you for your email. Please view our Owners and Directors’ Test available on our website here http://www.football-league.co.uk/regulations/20110629/appendix-4_2293633_2128219.

 

In addition please find an FAQ regarding the Owners and Directors Test which you may find useful http://www.football-league.co.uk/page/FAQ/FAQsDetail/0,,10794~2428071,00.html.

 

Based on the information provided to The Football League’s Legal Department, Vladimir Antonov complies with the Test. Should any information to the contrary be brought to our attention then the matter will be dealt with by The League, with the club concerned, in accordance with our regulations.

 

Thank you for contacting The Football League.

 

Regards,

 

Andrew Pomfret

Customer Services Officer

The Football League Limited

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Gemmel

Gemmel

Posted
Posted
Why get nervous. It's all happened before to Pompey. If he's charged (assuming he's back in Russia and they agree to extradite him) what will the FL do? They passed him through their new, strenuous FAPPT so will they admit any culpability?

 

Anyway, according to you lot Chainrai is still in charge really so what difference does this make in the scheme of things?

 

I am pretty sure that one of the updates to the FAPPT was that it could be retrospectively applied, as in if found guilty, they could remove him as owner. That in itself, is no real biggie, you could just put another front man up.

 

As for us (This board) thinking chinny is still in charge, that's twisting what has mostly been said. Chinny came out and said he was getting paid over a period of time - Installements. The natural asumption from that would be, he would have some sort of charge over the club until the installemnts are met. You and your lawyers friends, went through all the legal documentation with a fine tooth and concluded thsi was not the case. A couple of posters on a rivals forum, seem to find that wasnt the case and posted a link suggestig portpin does infact have a charge..........So if antonov's predicament prevents him making the next series of installments, then chinny might come back on the scene...... And i am sure no one on here would find that remotely funny.

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Saint Lindford

Saint Lindford

Posted
Posted
Why get nervous. It's all happened before to Pompey. If he's charged (assuming he's back in Russia and they agree to extradite him) what will the FL do? They passed him through their new, strenuous FAPPT so will they admit any culpability?

 

Anyway, according to you lot Chainrai is still in charge really so what difference does this make in the scheme of things?

 

That will be the 'new' test where the applicant provides the information and the FL Legal Department go OK then. Have already written back to the FL on that point. Trouble is I won't hold my breath on getting a decent response from them, they seem about as much use as a chocolate fire guard!!

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OldNick

OldNick

Posted
Posted
Got this response today from the FL to an e-mail I sent regarding the FAPPT that was done on Antonov.

 

Thank you for your email. Please view our Owners and Directors’ Test available on our website here http://www.football-league.co.uk/regulations/20110629/appendix-4_2293633_2128219.

 

In addition please find an FAQ regarding the Owners and Directors Test which you may find useful http://www.football-league.co.uk/page/FAQ/FAQsDetail/0,,10794~2428071,00.html.

 

Based on the information provided to The Football League’s Legal Department, Vladimir Antonov complies with the Test. Should any information to the contrary be brought to our attention then the matter will be dealt with by The League, with the club concerned, in accordance with our regulations.

 

Thank you for contacting The Football League.

 

Regards,

 

Andrew Pomfret

Customer Services Officer

The Football League Limited

I think may have sent a few e-mails out in reply exactly the same. Lol
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Wes Tender

Wes Tender

Posted
Posted
.

He may be a misunderstood, unfairly maligned, genuine, well meaning, self-made, honest billionaire with a purely philanthropic interest in Portsmouth FC's wellbeing embedded deeply in his heart.

 

 

Is that a squadron of pigs I see flying in formation across the skies towards the golden sunset?

 

Like you, I'll conclude that his connection with the Skates was driven by none of those more noble attributes and that it is far more likely that he is just another of the "flies attracted to the pile of ****" that is Portsmouth FC, just like the child-maiming gun runner, the penniless Middle East ice cream seller, the fake sheik and the Hong Kong loan shark. When the Russian Mafia are gone, who else will it be? They're almost running out of Pantomime villains.

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miserableoldgit

miserableoldgit

Posted
Posted
Is that a squadron of pigs I see flying in formation across the skies towards the golden sunset?

 

Like you, I'll conclude that his connection with the Skates was driven by none of those more noble attributes and that it is far more likely that he is just another of the "flies attracted to the pile of ****" that is Portsmouth FC, just like the child-maiming gun runner, the penniless Middle East ice cream seller, the fake sheik and the Hong Kong loan shark. When the Russian Mafia are gone, who else will it be? They're almost running out of Pantomime villains.

http://en.wikipedia.org/wiki/Kim_Jong-il

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Foxstone

Foxstone

Posted
Posted
Is that a squadron of pigs I see flying in formation across the skies towards the golden sunset?

 

Like you, I'll conclude that his connection with the Skates was driven by none of those more noble attributes and that it is far more likely that he is just another of the "flies attracted to the pile of ****" that is Portsmouth FC, just like the child-maiming gun runner, the penniless Middle East ice cream seller, the fake sheik and the Hong Kong loan shark. When the Russian Mafia are gone, who else will it be? They're almost running out of Pantomime villains.

 

I also understand that Saif Gadaffi has ruled himself out from a second approach !;)

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