Colinjb Posted 17 December, 2011 Share Posted 17 December, 2011 [h=6]Just 16 and a half hours until we meet the Skates, on level terms, for the first time in 7 years. We're coming for you......[/h] Link to comment Share on other sites More sharing options...
Jonnyboy Posted 17 December, 2011 Share Posted 17 December, 2011 morning guys - looking forward to tomorrow ? Just popped on to say the tit on your main board who posted that he has tickets in our family end has been outed on pompeyonline and prolly other PFC boards now, considering some of our lot are idiots he ought to be very careful how he behaves in there, it might be family but theres plenty of rough in there Hope tomorrow is a good game either way and of course it could be the last time we ever play you in this form Yes, he is a tit. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 17 December, 2011 Share Posted 17 December, 2011 Yes, he is a tit. But he could play a blinder now by not going All those skates smacking seven bells out of each other looking for the 'scummer', would be very funny. Link to comment Share on other sites More sharing options...
TopGun Posted 18 December, 2011 Share Posted 18 December, 2011 The Portsmouth News is reporting that Pompey owe about £16.5m on the CVA, of which £1.2m has to be paid by April. http://www.portsmouth.co.uk/news/local/east-hampshire/pompey_need_to_pay_1_2m_to_creditors_in_april_1_3334471?commentssort=1&commentspage=0 If it's also correct that CSI via Antonov have loaned Pompey £10m since the CSI takeover to fund new players etc, then Andronikou is technically correct saying that Pompey have debts of "£25m" roughly. But that doesn't take into account the £17m than CSI was meant to pay Chainrai for Pompey in the first place, seemingly of which little has been paid - hence Chainrai's company Portpin putting the secured holding order over CSI. It's difficult to unravel - perhaps others like Rallyboy can help here - but my initial take is that Andronikou could potentially continue to fund Pompey wages etc out of CSI bank accounts unless either Portpin says no or the Lithuanian Snoras preosecutors say no. Both of which are likely. At that point I think it would be difficult for Andronikou or Portsmouth to say the football club is a distinct trading entity from CSI and would therefore, if unable to pay wages and meet current costs, be trading insolvently. So unless Andronikou finds another buyer (or at least creditor) who satisfies the Football League in a short space of time, Portsmouth will have to get rid of players, let alone sell, in January to stay technically solvent to remain a legal trading entity. A big question would be how can Portsmouth release or sell big earning players under contract in January also. They have quite a few older players under ongoing contracts on wages that are far too high for other clubs to even take them off the wage roster, let alone put an offer in for them. Interesting weeks ahead... Link to comment Share on other sites More sharing options...
TopGun Posted 18 December, 2011 Share Posted 18 December, 2011 As an addendum to my post above I reckon Andronikou needs to secure a buyer who will guarantee to pay about £32m for a takeover in the next few weeks to buy Portsmouth Football Club with an extra £16m CVA still to pay over the next 4 years: * £17m to Portpin from CSI * £10m additional loan outstanding from Portsmouth to CSI (or its creditors like Lithuanian prosecuotors or Snoras) * Rough guess of £5m on outstanding player contracts with no end sale value It's a lot of work for Andronikou over Xmas. As he is one step up the ladder now and represents CSI rather than Portsmouth, I'd assume he would be considering liquidating CSI liabilities if they can't be sold as going concerns. Link to comment Share on other sites More sharing options...
dubai_phil Posted 18 December, 2011 Share Posted 18 December, 2011 As an addendum to my post above I reckon Andronikou needs to secure a buyer who will guarantee to pay about £32m for a takeover in the next few weeks to buy Portsmouth Football Club with an extra £16m CVA still to pay over the next 4 years: * £17m to Portpin from CSI * £10m additional loan outstanding from Portsmouth to CSI (or its creditors like Lithuanian prosecuotors or Snoras) * Rough guess of £5m on outstanding player contracts with no end sale value It's a lot of work for Andronikou over Xmas. As he is one step up the ladder now and represents CSI rather than Portsmouth, I'd assume he would be considering liquidating CSI liabilities if they can't be sold as going concerns. And for a dose of reality, less we forget Saints went into Admin in early April 2009 Markus completed his takeover in early July 2009 That for a club with book assets of around 30 million pounds and at a cost of around 14million pounds Portsmouth have CVA of 16.5 (more than Saints cost) They (or CSI) owe Chinny around 17mil (his loans to the club & his charges They owe CSI 10.8 (OK they are in admin so there may be room for manouvere to reduce that) However, it still means the STARTING price is 44.3mil for an entity with zero assets And by AA's own words he had cash until the end of December. Of course, yet again the Maths do not add up. They'll be fine then Link to comment Share on other sites More sharing options...
Goalie66 Posted 18 December, 2011 Share Posted 18 December, 2011 So todays result will be immaterial as in all probability they will not make it to the end of the season and therefore their results expunged. Link to comment Share on other sites More sharing options...
dubai_phil Posted 18 December, 2011 Share Posted 18 December, 2011 So todays result will be immaterial as in all probability they will not make it to the end of the season and therefore their results expunged. Well for those of us who advocated something more than an instant death penalty for their cheating, that would probably bring a grin to even Old Nick's face. They win, they go pop, we get the result expunged that gives us a jump on WHU & gets us the nPc title. Think I would prefer that to the option of beating them, having the result expunged and dropping out of the automatic promotion spots But as I said, they are poopey they'll be fine and will no doubt sign Torres & Drogba in January even without being sold Link to comment Share on other sites More sharing options...
CB Saint Posted 18 December, 2011 Share Posted 18 December, 2011 And for a dose of reality, less we forget Saints went into Admin in early April 2009 Markus completed his takeover in early July 2009 That for a club with book assets of around 30 million pounds and at a cost of around 14million pounds Portsmouth have CVA of 16.5 (more than Saints cost) They (or CSI) owe Chinny around 17mil (his loans to the club & his charges They owe CSI 10.8 (OK they are in admin so there may be room for manouvere to reduce that) However, it still means the STARTING price is 44.3mil for an entity with zero assets And by AA's own words he had cash until the end of December. Of course, yet again the Maths do not add up. They'll be fine then You are double counting the £10.8m. The money would be paid to csi who would then be able to pay that to chanrai. Pompey debts are £27.3m assuming that is everything. Link to comment Share on other sites More sharing options...
dingbattigger Posted 18 December, 2011 Share Posted 18 December, 2011 You are double counting the £10.8m. The money would be paid to csi who would then be able to pay that to chanrai. Pompey debts are £27.3m assuming that is everything. Unless it is proved thast the £10.8m came illegally from Snoras bank in which case it would need to be repaid to the Latvians still leaving Chinny's £17 mil Link to comment Share on other sites More sharing options...
dubai_phil Posted 18 December, 2011 Share Posted 18 December, 2011 You are double counting the £10.8m. The money would be paid to csi who would then be able to pay that to chanrai. Pompey debts are £27.3m assuming that is everything. 10.8 to CSI (now the administrator) 16.5 for the CVA So the MISSING figure is the amount of money that Chinny LENT them during their own Administration. Remember, to get ANY money back he had to keep the club running and pay wages and salaries. For that loan he took security against the Stadium. The expectation was that CSI's purchase price (which they didn't pay) was 17mil, so the critical question in the mess is how much of that 17mil was "repaying the loan" from Chinny to the club, how much was interest and how much was his "profit" Using the same argument that I used with the CSI budget. Since we have NO other base point to start from I use the 17mil as being "What Chinny wants back out of his first investment" Chinny has 1) Security against CSI assets 2) Security against Nottarg Krap. I have no doubt in my mind that he will want ANY shortfall from the Admin of CSI back from the club. I would also hazard a guess that he will be expecting INTEREST on that outstanding 17mil one way or another - 17mil since June - 6 months at 8%........ How much are the assets of CSI worth in a fire sale? 1 pound for poopey plus their debts + best he could hope for will be Bernie Ecclestone paying a few mil for WRC rights so again Chinny STILL has money owed him and a security against the club (That is how I read all of this) Hence the STARTING price of 44.3mil and then what can be knocked off from the fire sale and the rest - poopey still don't own their stadium because Chinny has THAT tied up as well. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 18 December, 2011 Share Posted 18 December, 2011 Andrew Andronikou, joint administrator of CIS said: “Hopefully, next week we will have sold one of the companies owned by CSI to allow us to invest some capital into the club." http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 18 December, 2011 Share Posted 18 December, 2011 Andrew Andronikou, joint administrator of CIS said: “Hopefully, next week we will have sold one of the companies owned by CSI to allow us to invest some capital into the club." http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html I'm guessing that will be the WRC rights - which on the face of it appear the most saleable asset CSI had, and also need to be sold quickly as the new WRC season starts in January I believe with the Monte Carlo Rally. AA's job will be to talk up their chances as usual - it's not good for the few that he's already mentioning administration as a possibility. Link to comment Share on other sites More sharing options...
andysstuff Posted 18 December, 2011 Share Posted 18 December, 2011 Andrew Andronikou, joint administrator of CIS said: “Hopefully, next week we will have sold one of the companies owned by CSI to allow us to invest some capital into the club." http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html Just over £50M of debt touted in the article. Bit north of what's been guessed at on here, but who's going to argue over 10% either way. Selling one company to invest capital in the club sounds 'inexorably linked' to someone as simple as me. Link to comment Share on other sites More sharing options...
dubai_phil Posted 18 December, 2011 Share Posted 18 December, 2011 Andrew Andronikou, joint administrator of CIS said: “Hopefully, next week we will have sold one of the companies owned by CSI to allow us to invest some capital into the club." http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html Ah next week they're saved! God bless AA for being so devoted and working through Christmas Bank Holidays. When the banks are shut. Lawyers are shut and... Oh Link to comment Share on other sites More sharing options...
eurosaint Posted 18 December, 2011 Share Posted 18 December, 2011 “The priority is to find a buyer. In the worst-case scenario, we would have to look at putting the club back into administration.” This is unusual speak from Admin Andy ! Are the few being softened up in advance ?? http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html Link to comment Share on other sites More sharing options...
rallyboy Posted 18 December, 2011 Share Posted 18 December, 2011 I thought the idea of selling off an asset was to pay CSI creditors, not to chuck it into a black hole? And on a personal note I do hope that rallying doesn't save them from a firesale! Anyway, talking of black holes, I'm off to Fratton, catch you later. Link to comment Share on other sites More sharing options...
Um Bongo Posted 18 December, 2011 Share Posted 18 December, 2011 We're coming for you, you skate ****s. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 18 December, 2011 Share Posted 18 December, 2011 Andrew Andronikou, joint administrator of CIS said: “Hopefully, next week we will have sold one of the companies owned by CSI to allow us to invest some capital into the club." http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html Surely not!.......Ho Ho Ho said that the club weren't financially reliant/linked to CSI, are we to take this as an admission, that without CSI money (read stolen money), then Poopey would fold? Link to comment Share on other sites More sharing options...
Jimmy_D Posted 18 December, 2011 Share Posted 18 December, 2011 So why is an independent administrator talking about trying to save a company that isn't in administration? CSI should be his concern, not Pompey... or is CSI basically Pompey? Link to comment Share on other sites More sharing options...
eurosaint Posted 18 December, 2011 Share Posted 18 December, 2011 So why is an independent administrator talking about trying to save a company that isn't in administration? CSI should be his concern, not Pompey... or is CSI basically Pompey? Clearly yes ! If they cannot exist without financial input from CSI, how in hell's name can they not be 'intrinsically linked' ??? Link to comment Share on other sites More sharing options...
Kingsland Red Posted 18 December, 2011 Share Posted 18 December, 2011 Right, that's the football out of the way for a while - back to the thread! Let's hope they have a cheaply put together side available for the St Mays game. Link to comment Share on other sites More sharing options...
mack rill Posted 18 December, 2011 Share Posted 18 December, 2011 You do realize that by filling the away end today you have helped us survive another month, And theres me thinking that you fiddlers wanted us dead, Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 18 December, 2011 Share Posted 18 December, 2011 You do realize that by filling the away end today you have helped us survive another month, And theres me thinking that you fiddlers wanted us dead, The questions: Will the club be passing on the VAT on our tickets and sales of refreshments? Will the HMRC get the players tax? Will the emloyers N.I. contributions get paid? Thought not. Link to comment Share on other sites More sharing options...
dronskisaint Posted 18 December, 2011 Share Posted 18 December, 2011 You do realize that by filling the away end today you have helped us survive another month, And theres me thinking that you fiddlers wanted us dead, Yes...but a slow painful one would be more fun - you do understand? Today was your cup final and best chance to pack the ground...and you didn't either win or fill it! Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 18 December, 2011 Share Posted 18 December, 2011 You do realize that by filling the away end today you have helped us survive another month, And theres me thinking that you fiddlers wanted us dead, After deducting police costs you'll be lucky to have enough for two weeks of Tal Ben Haim. Link to comment Share on other sites More sharing options...
70's Mike Posted 18 December, 2011 Share Posted 18 December, 2011 every time AA opens his mouth he convinces the football league that CSI and the club are linked, minus 10 soon in pompey Link to comment Share on other sites More sharing options...
sidthesquid Posted 18 December, 2011 Share Posted 18 December, 2011 “The priority is to find a buyer. In the worst-case scenario, we would have to look at putting the club back into administration.” This is unusual speak from Admin Andy ! Are the few being softened up in advance ?? http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html If they are in administration, how can the money raised by the sale of one of CSI's assets go to supporting another of their businesses? Surely it has to go into the pot to pay off the creditors. Is this AA bullsh1t, or are the convoluted wheels within wheels arrangements involving Chinny going to kick into play again? Link to comment Share on other sites More sharing options...
tony13579 Posted 18 December, 2011 Share Posted 18 December, 2011 What was the official turnout and how many empty seats were there Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 18 December, 2011 Share Posted 18 December, 2011 19,879 according to the BBC Link to comment Share on other sites More sharing options...
aintforever Posted 18 December, 2011 Share Posted 18 December, 2011 “The priority is to find a buyer. In the worst-case scenario, we would have to look at putting the club back into administration.” This is unusual speak from Admin Andy ! Are the few being softened up in advance ?? http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html I read it as softening them up, Admin Andy was like the Iraqi Information Minister last time. In the worst-case scenario... = Probably the only likely scenario... we would have to look at... = we are already making plans to... Link to comment Share on other sites More sharing options...
the colonel Posted 18 December, 2011 Share Posted 18 December, 2011 You do realize that by filling the away end today you have helped us survive another month, And theres me thinking that you fiddlers wanted us dead, shame your own fans couldn't turn out to help save you....blue few role on for another month. Link to comment Share on other sites More sharing options...
Kingsland Red Posted 18 December, 2011 Share Posted 18 December, 2011 I read it as softening them up, Admin Andy was like the Iraqi Information Minister last time. In the worst-case scenario... = Probably the only likely scenario... we would have to look at... = we are already making plans to... Comical Andy ? Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 18 December, 2011 Share Posted 18 December, 2011 Being down there today really brings it home, they are ****ed. We all know what a **** ground they have, poor infrastructure and an average championship size crowd. However, it's been a while since I saw it first hand. The ground really is falling apart a d even if they did not have any debt, they are only set up to be a lower championship team. What are they thinking paying big wages? I can't believe they signed a player this year for over a million! It really is time for the fire sale. They are lucky they have a decent manager but he is unlucky he has chosen to work there as his first management job. Minus 10 and fire sale coming soon I think! Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 18 December, 2011 Share Posted 18 December, 2011 Remember that this is club that spent a then club record 1m on Rory Allen who scored 3 goals in 15 games and then retired. Link to comment Share on other sites More sharing options...
dubai_phil Posted 19 December, 2011 Share Posted 19 December, 2011 So, that's their big day done and dusted then. How good must they feel that they were able to make signals behind the backs of our players on global television? Sure showed any prospective owners why their fans are so special. (In the needs area that is) Nice cold, dark winter months ahead of them huddled around the gas fires in their uninsulated caravans, filled with the excitement and anticipation of the delights of the weekly updates from Comical Andy on their daily toilet roll delivery aka the News. (and of course a thrashing by Chelski's reserves to come) You know what? Hahahahahahaha Link to comment Share on other sites More sharing options...
Dark Munster Posted 19 December, 2011 Share Posted 19 December, 2011 Just over £50M of debt touted in the article. Bit north of what's been guessed at on here, but who's going to argue over 10% either way. Selling one company to invest capital in the club sounds 'inexorably linked' to someone as simple as me. I think the CSI creditors (particularly the Lithuanians who lost their pensions and life savings) may have some more colourful words to describe Cheats FC getting proceeds of a sale of CSI's assets. Isn't it about time for Admin Andy to start wearing a ridiculous blue and white chequered hat and carry a bell? Link to comment Share on other sites More sharing options...
Monkeyboy Posted 19 December, 2011 Share Posted 19 December, 2011 http://www.thesun.co.uk/sol/homepage/news/4006915/Ace-Liam-Lawrence-butts-fan-in-booze-club-row.html Apologies if already posted but hadn't seen this anywhere? Link to comment Share on other sites More sharing options...
trousers Posted 19 December, 2011 Share Posted 19 December, 2011 Andrew Andronikou, joint administrator of CIS said: Hopefully, next week we will have sold one of the companies owned by CSI to allow us to invest some capital into the club." http://www.mirrorfootball.co.uk/news/Portsmouth-face-administration-and-points-deduction-again-article844184.html Is that 'legal'? (daft question I know)....putting the proceeds of selling a company owned by the company in administration straight into the coffers of another of it's subsidiaries, thus by-passing CSI's creditors? Unless CSI doesn't have any 'genuine' creditors as such...which of course would mean....nah...surely not.... ;-) Some might deduce that a former owner has engineered this outcome all along (I know, bonkers theory alert). Got money tied up in a debt ridden football club? Get a company to buy said club and 'a.n.other going concern' (with questionable funds) then put the parent company into administration before selling off the 'a.n.other company' and plough the proceeds into the aforementioned football club thus wiping out the aforementioned debts. Nah, can't see it myself Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 19 December, 2011 Share Posted 19 December, 2011 http://www.thesun.co.uk/sol/homepage/news/4006915/Ace-Liam-Lawrence-butts-fan-in-booze-club-row.html Apologies if already posted but hadn't seen this anywhere? What a ****. Link to comment Share on other sites More sharing options...
tony13579 Posted 19 December, 2011 Share Posted 19 December, 2011 more detail, the echo THE CAPTAIN of Portsmouth Football Club was arrested for head butting a father of two at a Southampton nightspot, the Daily Echo can reveal. Liam Lawrence was questioned by police officers after assaulting James Thorp who was enjoying a night out with friends at Cafe Parfait. Mr Thorp was out with workmates and minding their drinks when he claims Lawrence walked passed, picked one of them up and drank it before walking off. When Mr Thorp asked him to pay for a replacement the Pompey skipper head butted the 28-year-old without warning – leaving him with a suspected broken nose, two black eyes and a cut lip. Door staff immediately detained the Republic of Ireland international and called in the police who arrested Lawrence following the incident that happened just days before Saints played Portsmouth in a Championship clash. Mr Thorp, from Calmore, who has a six-year-old daughter and three-year-old son, said he had no idea who his attacker was until after the incident at the Above Bar venue. He said: “I asked him if he was going to pay for another and he just walked off. There wasn’t an aggressive vibe or anything. “When my mate came back, I walked over to him and asked him to pay again. “Then all of a sudden, without any warning he jumped up and launched forward to head butt me.” After being quizzed by officers Lawrence admitted the offence and was handed a police caution. A police spokesman said: “Police can confirm that they were called to Café Parfait in Above Bar Street in Southampton to deal with an allegation of assault on a 28-year-old Southampton man. “The man was allegedly head butted in a dispute over a drink. “Door staff detained a 30-year-old man from Warsash who police arrested in connection with the incident. He was questioned and admitted the offence and given an adult caution.” The assault in the early hours of last Sunday morning also left Mr Thorp, an engineer for Southern Gas Networks, out of pocket as he was unable to work on Sunday because he needed hospital treatment. Describing it as a “nasty and vicious unprovoked attack”, Mr Thorp added: “I’m disgusted. He hasn’t even apologised and I would like to know why he did it. On his wages, he has more than enough money to pay for his own drinks.” Midfielder Lawrence had been sidelined for the last six weeks with damage to his ankle ligament but played in yesterday’s derby game at Fratton Park. Portsmouth Football Club said it was aware of the incident but did not comment on whether any further action was being taken by the club. Link to comment Share on other sites More sharing options...
CB Saint Posted 19 December, 2011 Share Posted 19 December, 2011 http://www.thesun.co.uk/sol/homepage/news/4006915/Ace-Liam-Lawrence-butts-fan-in-booze-club-row.html Apologies if already posted but hadn't seen this anywhere? Come on guys, be fair. With the thought that he may not get paid in January, he is just being prudent. Minesweeping is a recognised way to reduce the cost of a night out on the town. Link to comment Share on other sites More sharing options...
Danish Saint Posted 19 December, 2011 Share Posted 19 December, 2011 SAAB has now folded: http://www.nrk.no/nyheter/verden/1.7921568 Translated: Monday morning Muller delivered bankruptcy petition to Vanersborg District Court. Attempts to save Saab from bankruptcy The Swedish carmaker Saab Automobile was taken over by the U.S. General Motors Corporation in 2000. But GM was unable to run the subsidiary profitable. In February 2009, informed the crisis-hit GM that they would sell Saab. Over 20 potential buyers expressed interest. 16. June 2009 it was announced that GM had signed a letter of intent to sell Saab to an investor group Koenigsegg Group. China's Beijing Automotive Industry Holdings would go in as part owner of the investor group to secure funding. But 24 November did Koenigsegg it clear that the acquisition did not go through. In December 2009, GM decided to initiate the closure of Saab that none of the bids were found good NOK. But after the New Year it was announced that it had entered into an agreement with the Dutch Spyker, who took over Saab 23 February 2010. Spyker (later the Swedish Automobile) signed in May this year a comprehensive agreement with the Chinese company Pang Da Automobile to distribute cars in China and invest in the company. In July, Saab signed an agreement with Pang Da and another Chinese company, Youngman, who will give Saab a further investment. Saab has had trouble paying employee wages and bills of subcontractors, which in turn has halted deliveries. Source: NTB Court is now in the process of going through the bankruptcy petition, and it is expected that there will be a statement of the day. Bankruptcy petition from the Swedish Automobile companies apply Saab Automobile, Saab Automobile Tools, Saab Powertrain, the company said in a statement. Did not pay Last week it was announced that nearly 3,500 employees are still waiting for money after the November salary never came. Earlier this fall, filed one of the employees' union Saab bankruptcy due to lack of salary payments. This claim was later withdrawn. Stopped China sales General Motors stopped in November, sales of technology licenses to the Chinese company Youngman who wanted to take over the long-suffering Swedish carmaker. Thus stranded attempts to sort out its finances completely misguided. According to the Swedish Automobile, this is why they became bankrupt, because the Chinese have decided to give up. 298 newly registered Saab in years Three years ago, it sold 1,494 new Saab in Norway. Since sales have fallen in line with Saab's deepening economic problems. In 2009, sales fell by more than 2 / 3 compared to the previous year, while the answer key in the year ended on 331 new cars, according to figures from the Norwegian Road. - So far this year it registered 298 new Saab in Norway, said Paul Bruhn of Department of Information Council for Road Traffic to NRK. Link to comment Share on other sites More sharing options...
Gemmel Posted 19 December, 2011 Share Posted 19 December, 2011 Is that 'legal'? (daft question I know)....putting the proceeds of selling a company owned by the company in administration straight into the coffers of another of it's subsidiaries, thus by-passing CSI's creditors? Unless CSI doesn't have any 'genuine' creditors as such...which of course would mean....nah...surely not.... ;-) Some might deduce that a former owner has engineered this outcome all along (I know, bonkers theory alert). Got money tied up in a debt ridden football club? Get a company to buy said club and 'a.n.other going concern' (with questionable funds) then put the parent company into administration before selling off the 'a.n.other company' and plough the proceeds into the aforementioned football club thus wiping out the aforementioned debts. Nah, can't see it myself Regardless of whether it is legal, that would mean the ten point deduction....wouldn't it Link to comment Share on other sites More sharing options...
Matthew Le God Posted 19 December, 2011 Share Posted 19 December, 2011 Regardless of whether it is legal, that would mean the ten point deduction....wouldn't it Surely they will be hit with more than 10 point for a second insolvency event so soon after the last? They have been using players this season they shouldn't have had. Norris, Varney, Huseklepp, Benjani, Futacs all signed in the summer for a large amount of cash that could have been used to pay off debts, play wages for their existing players whilst they use their youth team in first team matches. David Lampitt even had the cheek to make a statement on their website saying they were the second highest net spenders in the transfer market this summer in the Championship. Link to comment Share on other sites More sharing options...
rallyboy Posted 19 December, 2011 Share Posted 19 December, 2011 the police negotiated a news blackout on the Lawrence attack to avoid further hassle, all it did was saved him being heralded as a hero yesterday. From the way he played he might be better off staying sober and getting fit. Being there yesterday gave a better insight into the Skate fanbase, you can see where our own pet ones fit into the family. We have the cross-eyed, frothing at the mouth, 'grown man who should really take a long hard look at himself' sort, in the South Stand at the end. I saw a pound coin thrown! - I don't think I hate anyone that much - 10p perhaps. And behind the gang of simpletons who step on the pitch when they score, with no steward intervention, or throw the ball away when they are losing and constantly abuse players, risking a banning order, there are the more sensible ones who must be ashamed of what is done in their club name on national tv. The image isn't of a passionate fanbase, it's of inbred yokels who are out of control and only show up when a big club comes to town. So I think we need to give up this hatred thing, we can't compete, nor would I want to. Confession time - I don't really hate their players, it's the retards that follow them that I want to suffer. Look at them, really, they are subhuman. And before a pompey fan comes on attacking me for this - go on, admit it, there are some there who you are ashamed of. Your club looks unattractive on tv - which is 'cool' if you want to look hard to 14 year olds, but terminally damaging if you want investment from grown ups. As for 'Fortress Fratton' - all that abuse didn't bother players nor supporters one jot - the 12th man? - more like the 12th poodle, and it was cross-eyed. And had distemper. Their cup final is over, the next big challenge is to pay the January wagebill - that might be tougher. I think they could overcome a ten point deduction, but add in a minor firesale and things would look a little bit relegationy. Link to comment Share on other sites More sharing options...
saintjay77 Posted 19 December, 2011 Share Posted 19 December, 2011 I found it amusing when lallana took a corner and was getting some right old abuse from some old guy in a wheel chair. I fully understand the scummer chants and trying to wind up oppo players but they made themselves look a right bunch of goons with their actions. I wonder how sponsors will feel beig associated with that lot now? I know when they play at our place there will be a fair share that will no doubt act the same but it will be a small minority compared to the majority of skates that thinks its a great way to act. Link to comment Share on other sites More sharing options...
Saint Lindford Posted 19 December, 2011 Share Posted 19 December, 2011 The inbreds who rushed down the stairs from the North Stand to stand by the gates as we left made me laugh. They reminded me of rabid dogs (no offence to rabid dogs of course) stuck in a cage and frothing at the mouth. It is for those idiots that I hope it is a long slow lingering death of the club. Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 19 December, 2011 Share Posted 19 December, 2011 Re: Lawrence - is that it? Is all you get these days for headbutting someone and giving them black eyes a mere caution? FFS, this country....... Link to comment Share on other sites More sharing options...
tony13579 Posted 19 December, 2011 Share Posted 19 December, 2011 Re: Lawrence - is that it? Is all you get these days for headbutting someone and giving them black eyes a mere caution? FFS, this country....... Yes, shake a fence and you get huge football related violence trial, headbut someone in a night club = caution. Link to comment Share on other sites More sharing options...
Recommended Posts