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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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Fowllyd

Fowllyd

Posted
Posted
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.

 

Heaven forbid that we should find amusement in such misfortune. Hard to feel sympathy for an unscrupulous loan shark, but there it is; just when he thought he'd got the pile of ordure off his hands, back it comes like a boomerang of shíte. As Oscar Wilde observed on the death of Little Nell in The Old Curiosity Shop (there's even a Pompey link there), you'd have to have a heart of stone not to laugh.

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Katalinic

Katalinic

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 still waiting for you to comment on the Portpin debenture - something which you seem to have conveniently ignored having asked us "girls" to prove it. You have the internet equivalent of selective hearing Ho.

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saint si

saint si

Posted
Posted

Perusing the skate forums, I've noticed some pretty reprehensible attitudes coming to the surface. They couldn't care less about what their owner gets up to or how he funds the club, as long as plucky little pompey is ok.

 

Some prize quotes from: http://fansonline.net/portsmouth/mb/view.php?id=388408

 

"Really couldnt give a f* about his other business as long as he runs the club properly."

 

"they are all at it"

 

"And Antonov comes out of that sounding a pretty shrewd,if very dodgy, operator. I've yet to see anything in these stories that makes me think he is about to become penniless."

 

It'd be laughable if it wasn't so shamelessly absent of any morality. Of course, they'll be the first to bleat to the Football League about the failings of the FAPPT should any of this latest turn of events cause the club any real bother.

 

We already knew it, of course, but now we get quotes directly from their fishy mouths.

 

What a horrible little club.

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dubai_phil

dubai_phil

Posted
Posted

Anyone fancy a job with travel?

 

http://www.wfblondon.co.uk/our-team/

 

[TABLE=width: 460]

[TR]

[TD]Vacant

[/TD]

[TD]Project Manager[/TD]

[TD]E-mail CV to us[/TD]

[/TR]

[TR=bgcolor: #e4f1f2]

[TD]Vacant[/TD]

[TD]Office Manager[/TD]

[TD]E-mail CV to us[/TD]

[/TR]

[TR]

[TD]Vacant[/TD]

[TD]International Lawyer[/TD]

[TD]E-mail CV to us[/TD]

[/TR]

[TR=bgcolor: #e4f1f2]

[TD]Vacant[/TD]

[TD]Head of Venture Department[/TD]

[TD]E-mail CV to us[/TD]

[/TR]

[/TABLE]

.

Major investment and finance projects of Workforce Bank Limited are based in countries of CIS, mainly Russia and Ukraine, therefore vacancies require frequent and longer trips outside UK. Make sure that it does not coincide with your family plans.

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bridge too far

bridge too far

Posted
Posted
Knowing and working with some of the "partners" identified on that page, I am pretty confident that they would not approve their brand being associated with this bunch of chancers.

Am I petty and spiteful enough to tip them off? Yes, I think I might be.

 

I did wonder what Job Centre Plus would make of such an association - it's a government department after all!

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SaintBobby

SaintBobby

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:

 

OMG.

 

Is that all you lot cling to these days?

 

The Jimmy Hoffa case?

 

This is the proof that my analysis is wrong and all is well at Fratton Park?

 

Hell, things are even worse down there than I thought.

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sidthesquid

sidthesquid

Posted
Posted
Acording to solent this morning Antonov has had a second bank taken from his control.

So that is one in latvia and on in lithuania.

http://www.washingtonpost.com/business/latvia-suspends-banks-operations-after-discovering-large-asset-shortfall/2011/11/22/gIQAbOTHkN_story.html

 

Of course he could have siphoned off £300m solely to fund Poopey's return to the Prem, safe in the knowledge that, whatever he may have done to the people of Latvia and Lithuania's life savings, the FL and their FAPPT will wave him through on the nod.

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pedg

pedg

Posted
Posted

Oh surprise surprise....

 

http://www.bloomberg.com/news/2011-11-21/snoras-assets-may-be-revised-lower-on-low-provisions-fitch-says.html

 

Fitch Ratings said estimates of assets at Bankas Snoras AB (SRS1L), which the government took over last week, may be lowered becauseLithuania’s fifth-largest bank didn’t set aside adequate reserves to cover bad loans.

Corporate loans, mainly for real-estate projects, are the “most problematic,” with some related to the bank’s shareholders, Vladimir Markelov, a Moscow-based analyst at Fitch, said today in a phone interview.

“The asset quality was extremely poor,” Markelov said. “The loan book was under-provisioned,” with bad, overdue and non-performing loans accounting for 135 percent of the bank’s total equity in May.

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Gemmel

Gemmel

Posted
Posted

 

 

I think my favorite line from that article is;

 

The shortfall in Snoras’s assets may be more than the initial 300 million-euro ($405 million) estimate, central bank governor Vitas Vasiliauskas said today.

“We thought it was flu, but now it’s looking like cancer,” he said

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tony13579

tony13579

Posted
Posted
“The asset quality was extremely poor,” Markelov said. “The loan book was under-provisioned,” with bad, overdue and non-performing loans accounting for 135 percent of the bank’s total equity in May.

 

Forgive me but how can bad loans account for 135% of the equity? Shurly they cant exceed 100%.

This is not football only footballers can give 110% and dig into reserves they didnt know they had.

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Saint_John

Saint_John

Posted
Posted

Perhaps somebody that uses Twitter should ask Daniel Geey what he thinks about the 2 Banks ? http://twitter.com/#!/footballlaw

 

He is a leading lawyer and advise entities in the football industry on regulatory and broadcasting matters.

He writes various articles on Football and the Law because (quote) "keen interest in sports law and have experience in advising on Premier League, Football League and UEFA rule compliance and Premier League broadcasting issues".

 

Why I mention his name is because because he is an associate at Field Fisher Waterhouse and "gives guidance on the Fit and Proper Person Test" http://www.ffw.com/people/search-all/g/daniel-geey.aspx

Daniel also advises clients in the football industry. Such guidance has included advice on the Fit and Proper Person Test, parachute payments and the football creditors rule, disclosure obligations under the relevant football authority's rules, conflicts of interest and third party player ownership contracts

 

He was also part of the team at FFW who advised CSI on the purchase of a certain team

http://www.ffw.com/press-releases/2011/jun/acquisition-of-portsmouth-fc.aspx

Field Fisher Waterhouse LLP has advised Convers Sports Initiatives plc (Convers Sports), controlled by Russian businessman Vladimir Antonov, on its acquisition of Portsmouth Football Club
.... regulatory associate Daniel Geey and employment senior associate Neil Johnson. PKF (UK) LLP acted as financial advisers to the buyer.
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dubai_phil

dubai_phil

Posted
Posted
I think my favorite line from that article is;

 

The shortfall in Snoras’s assets may be more than the initial 300 million-euro ($405 million) estimate, central bank governor Vitas Vasiliauskas said today.

“We thought it was flu, but now it’s looking like cancer,” he said

 

It's entirely co-incidental that a figure of 400million keeps appearing (depending on the currency)

 

From Net Wealth in proof of funds through to EIB through to the Baltic States

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dubai_phil

dubai_phil

Posted
Posted
Perhaps somebody that uses Twitter should ask Daniel Geey what he thinks about the 2 Banks ? http://twitter.com/#!/footballlaw

 

He is a leading lawyer and advise entities in the football industry on regulatory and broadcasting matters.

He writes various articles on Football and the Law because (quote) "keen interest in sports law and have experience in advising on Premier League, Football League and UEFA rule compliance and Premier League broadcasting issues".

 

Why I mention his name is because because he is an associate at Field Fisher Waterhouse and "gives guidance on the Fit and Proper Person Test" http://www.ffw.com/people/search-all/g/daniel-geey.aspx

 

He was also part of the team at FFW who advised CSI on the purchase of a certain team

http://www.ffw.com/press-releases/2011/jun/acquisition-of-portsmouth-fc.aspx

 

Carlsberg don't do conspiracy theories.

 

But if they did.....

 

Another one to send on to David Conn methinks

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trousers

trousers

Posted
Posted
Anyone need some financial advice? help with investments or opening bank accounts?

 

http://www.wfblondon.co.uk/partners/

 

Oooh there is an interesting little logo in amongst that lot.

 

Well, at least they're acknowledging that something they own is gonna go up in smoke...

 

http://www.wfblondon.co.uk/our-projects/wood-briquettes/

 

Wood briquettes fuel

 

We are UK basing company and we produce eco fuel wood briquettes (sawdust). Our factories are based in Ukraine. We would like you to offer our product:

The parameters of briquettes:

* Diameter – 50 mm

* Length – 300 mm

Sizes are variable upon to request.

* Density – 0,9-1,2 g/mm3

* Calorific value – 16-20 MJ / kg

* Packaging – in polypropylene bag weights 10 kg (12 pcs.)

We may wrap each pack with your logo and contact details on it. fb1.jpg

Comparative technical specifications for the content of ash:

* When the combustion of brown coal a 40% ash

* When burning wood briquettes arises from 0,12%

1% ash

(ash)

When allocating CO2 compared to wood briquettes (emissions to the air when burned):

* Earth’s natural gas – the content of CO2 is 15 times higher

* Light oil – the content of CO2 is 20 times higher

* Coke – the content of CO2 is 30 times higher

* Coal-anthracite – CO2 content 50 times higher

Comparison of calorific value briquettes:

* Wood (solid mass, wet) – 10 MJ / kg

Wood (solid weight, dry) – 12 MJ / kg

* Brown coal – 16 MJ / kg

* Briquettes from wood waste – 18 MJ / kg

* Black coal – 20 MJ / kg

* Cox – 25 J / kg

* Earth’s natural gas – 32 MJ / kg

We may deliver our product to you.

Price: £220 per tonne.

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trousers

trousers

Posted
Posted (edited)
Perhaps somebody that uses Twitter should ask Daniel Geey what he thinks about the 2 Banks ? http://twitter.com/#!/footballlaw

 

He is a leading lawyer and advise entities in the football industry on regulatory and broadcasting matters.

He writes various articles on Football and the Law because (quote) "keen interest in sports law and have experience in advising on Premier League, Football League and UEFA rule compliance and Premier League broadcasting issues".

 

Why I mention his name is because because he is an associate at Field Fisher Waterhouse and "gives guidance on the Fit and Proper Person Test" http://www.ffw.com/people/search-all/g/daniel-geey.aspx

Daniel also advises clients in the football industry. Such guidance has included advice on the Fit and Proper Person Test, parachute payments and the football creditors rule, disclosure obligations under the relevant football authority's rules, conflicts of interest and third party player ownership contracts

 

He was also part of the team at FFW who advised CSI on the purchase of a certain team

http://www.ffw.com/press-releases/2011/jun/acquisition-of-portsmouth-fc.aspx

Field Fisher Waterhouse LLP has advised Convers Sports Initiatives plc (Convers Sports), controlled by Russian businessman Vladimir Antonov, on its acquisition of Portsmouth Football Club
.... regulatory associate Daniel Geey and employment senior associate Neil Johnson. PKF (UK) LLP acted as financial advisers to the buyer.

 

 

armes_feu-08.gif ?

Edited by trousers
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dubai_phil

dubai_phil

Posted
Posted

In amongst the frivolity let us pause for a moment of reflection on the timeliness of sour mash's intervention. Truly the height of sarcasm in that. he was clearly ITK at what was about to break within (for poopey) "minutes"

 

Now, where's the troll, haven't seen a requote for a few days. Expect Mack & Mero are having an Ironic chortle somewhere in the background.

 

Right back to work. Heard there is plenty of money needing a good home in Somalia these days. Time to pop off and see who we can line up this time around.

 

Again, the only thing funnier than the arrest warrant would have been if he had been put in there by a Saints fan

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Jimmy_D

Jimmy_D

Posted
Posted

In thousands of years, when the data archaeologists dig through the remnants of the first Internet, they'll find this thread... and think we made it all up.

 

I can see Pompey fans finding it harder to argue that most people don't see Pompey as criminal now that their owner actually has an arrest warrant against him.

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dubai_phil

dubai_phil

Posted
Posted
I've just sent Phil's stuff and the Echo article to David Conn too and had this reply

 

In fact you could please send me an update about where concerns about Mr Antonov have got to.

 

BTF to be honest that web site was Sooo easy to find - hell it had statements from CSI on the home page didn't take more than about an hour of google time to get to it. I don't super google I just do easy stuff, there must be

 

Bit more digging - Not being an F1 buff, seems it was Lotus Renault (my bad I thought they were still called Renault Williams)

 

http://www.snorasgroup.com/index.php/media-center/lotus-renault-f-1-team-announces-a-new-sponsor-of-the-team-bank-snoras-group/390

 

Oooh ouch, look at the name of the sponsor? Ooops - now think back a month or four about the whole budgets argument.

 

Oooh we didn't notice it at the time but we actually linked a comment in the Bompey Echo to a budget to Snoras to poopey.

 

Another totally abstract but interesting link. Who owns Lotus Renault F1?

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