holepuncture Posted 5 January, 2012 Share Posted 5 January, 2012 Absolutely right. It's only since CSI went into admin that there has been any public admission by anyone connected with PFC that they can't pay their way through the season. It is obvious that funds from CSI were propping up the football operations. Furthermore, there must be serious question mark over whether those funds were the proceeds of crime in the first place. Any failure to award a points deduction would be utterly obscene. Very well put, they are clearly insolvent without criminal cash to burn through and they have made that quite clear, both Lampitt and AA. It is genuinely staggering that they still exist, the script over the last few years has been something drawn up in fantasy land, but its all true - right down to the European Arrest Warrant. Ah - back to 3 weeks ! http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_s_new_owners_will_know_game_inside_out_1_3388229?commentspage=2#commentsSection ‘We are going to delve into their past as much as we can and hope they are going to have as clean a record as you can expect for a football club,’ said Mr Andronikou. Priceless! I am a little excited to see just who Andy has got lined up for the skates this time round. Will it be a gangster, a loan shark, an arms dealer, a mirage? AA says they are taking the long term view, so it will be interesting to hear about the £150 odd million they will need to invest in building an infrastructure from scratch. My money is on Marc Jackson and Moneyfields for the future... Link to comment Share on other sites More sharing options...
buctootim Posted 5 January, 2012 Share Posted 5 January, 2012 I really do think that AA is a load of b*****s. I cannot believe ANYONE could have done their due diligence and at Xmas time unless it was someone who already knows the **** they are in or someone who is inept and i am speaking as a M&A specialist As far as I can tell AA is announcing that they may have a buyer subject to them doing due diligence, providing proof of funds and passing the fit and proper persons test. ie somebody has phoned up and claimed they are interested, nothing more substantial than that. Link to comment Share on other sites More sharing options...
sidthesquid Posted 5 January, 2012 Share Posted 5 January, 2012 The new owner will be buying on HP from Chinny with high interest rates like the last one. It doesn't matter if they go kaput, he'll have earnt a few more mill of interest, keep the club and the unsecured creditors can go whistle. Then he'll repeat the process until eventually - 5 years time, maybe - the FL will cotton on and they'll get a slap on the wrist. Link to comment Share on other sites More sharing options...
ericofarabia Posted 5 January, 2012 Share Posted 5 January, 2012 Very well put, they are clearly insolvent without criminal cash to burn through and they have made that quite clear, both Lampitt and AA. It is genuinely staggering that they still exist, the script over the last few years has been something drawn up in fantasy land, but its all true - right down to the European Arrest Warrant. Priceless! I am a little excited to see just who Andy has got lined up for the skates this time round. Will it be a gangster, a loan shark, an arms dealer, a mirage? AA says they are taking the long term view, so it will be interesting to hear about the £150 odd million they will need to invest in building an infrastructure from scratch. My money is on Marc Jackson and Moneyfields for the future... Maybe TCW The Bell ringing mong is going to sell the family business and take over the club Link to comment Share on other sites More sharing options...
Goalie66 Posted 5 January, 2012 Share Posted 5 January, 2012 As far as I can tell AA is announcing that they may have a buyer subject to them doing due diligence, providing proof of funds and passing the fit and proper persons test. ie somebody has phoned up and claimed they are interested, nothing more substantial than that. I do not think AA has indicated that the takeover is subject to Due Diligence or that Heads of Terms have been signed or that any deposit for Exclusivity has been received which is why this is all one massive smoke screen to buy time to avoid points deduction. If what he said is true that new owners will be announced in 48 hours (now 24) I will be amazed Link to comment Share on other sites More sharing options...
St Jim Posted 5 January, 2012 Share Posted 5 January, 2012 He is not prepared to reveal the new backers’ identity until then, but has said they will know football ‘inside out’ and have experience in the game. How funny would it be if it was someone like Peter Risdale? Link to comment Share on other sites More sharing options...
trousers Posted 5 January, 2012 Share Posted 5 January, 2012 ‘We are going to delve into their past as much as we can and hope they are going to have as clean a record as you can expect for a football club,’ said Mr Andronikou. Why does AA continue to be overly concerned about the suitability of anyone who buys PFC? He is administrator of CSI and his job is to salvage as much money as possible for CSI's creditor(s). What happens to the subsidiary companies after he has sold them off shouldn't concern him in the slightest (from a business rather than moral perspective....*chortle*) Unless of course the subsidiaries and the parent company are somehow bound so closely together financially that the outcome for one directly affects the outcome for the other....but we all know that isn't the case (*chortle*) so why is the administrator of CSI overly concerned about the future ownership of PFC...? Yours rhetorically.... Link to comment Share on other sites More sharing options...
TopGun Posted 5 January, 2012 Share Posted 5 January, 2012 I know they need a buyer in quickly to ensure they can pay next months wages, but is the speed of the sale also to enable the Football League to gloss over the need to deduct 10 points for their parent company being in admin? This is my view also. I think AA is under a deadline and is bulling stuff up once more. Link to comment Share on other sites More sharing options...
eurosaint Posted 5 January, 2012 Share Posted 5 January, 2012 Why does AA continue to be overly concerned about the suitability of anyone who buys PFC? He is administrator of CSI and his job is to salvage as much money as possible for CSI's creditor(s). What happens to the subsidiary companies after he has sold them off shouldn't concern him in the slightest (from a business rather than moral perspective....*chortle*) Unless of course the subsidiaries and the parent company are somehow bound so closely together financially that the outcome for one directly affects the outcome for the other....but we all know that isn't the case (*chortle*) so why is the administrator of CSI overly concerned about the future ownership of PFC...? Yours rhetorically.... If he didn't pander to the deludedest, then nobody would be asking for his autograph ! To be fair, he is not just in it for the big bucks, he needs his hefty ego to be massaged as well !!! Link to comment Share on other sites More sharing options...
St Jim Posted 5 January, 2012 Share Posted 5 January, 2012 Originally Posted by Chez I know they need a buyer in quickly to ensure they can pay next months wages, but is the speed of the sale also to enable the Football League to gloss over the need to deduct 10 points for their parent company being in admin? This is my view also. I think AA is under a deadline and is bulling stuff up once more. One thing that does strike me is if the FL do deduct points then they consider that P****y and CSI are inextricably linked if that is the case they may take a dim view of P****y, being an asset (or liability as the case is) of CSI, just being sold to other person(s) (which will mean that P*****y are then f*** all to do with CSI) and CSI can then exit administration without a CVA of just be liquidated, shafting all the creditors they owe monies to. This is ultimately what the FL are trying to stamp out so will be interesting to see how the FL view all this. Also can someone confirm, is AA selling P****y, as an asset of CSI or is he trying to find buyers for CSI itself? Link to comment Share on other sites More sharing options...
Wes Tender Posted 5 January, 2012 Share Posted 5 January, 2012 PMSL. First day back at work and it's conspiracy time again. Just what is it that the FA/ PL/ FL/ UEFA/ FIFA/ Bilderberg group are scared will come out? You're a bunch of ****ing mentalists. Get a life you bunch of freaks Ah! I was awaiting your return, Forest Gump, so that I could press you for an answer to a question I asked you before you disappeared over the Christmas period. You may recall that I asked you for your opinion as to why people like Antonov of the Russian mafia would be interested in buying your poxy club if it were not for money-laundering purposes. You enlightened us with your opinion that money-laundering was not the purpose for their ownership, but when pressed to give any sensible alternative motives for the purchase, you have been peculiarly reticent. Are we to presume that you don't know the answer? If so, be honest enough to admit it. If not, give us some pertinent reasons. And what would be the reasons for anybody to be interested in purchasing your cesspit now, when the situation is even more dire? I see that some Italians are sniffing around. Would this be the real mafia, Forest, the genuine article? Or is it possibly our own dear Cortese, who will then ensure that you sink without trace so that the plastic fans amongst you will swell our crowds even more, to justify enlarging our stadium? Link to comment Share on other sites More sharing options...
suewhistle Posted 5 January, 2012 Share Posted 5 January, 2012 Why does AA continue to be overly concerned about the suitability of anyone who buys PFC? Yours rhetorically.... Well, he wouldn't want to accept an offer from someone who wouldn't pass the FAPPT.. My goodness, this thread is entertaining.. Link to comment Share on other sites More sharing options...
saintjay77 Posted 5 January, 2012 Share Posted 5 January, 2012 I fear the insults will lead to more insults in response. BUT Corp, or any Pompey fans, or anyone with any idea, I'm fascinated from a business perspective, why would anyone invest legitimately? Maybe I'm missing some obvious reason. All I see is a massive loss-maker with a reputation for shady owners, a huge debt and little infrastructure. I think corp has mentioned before that the club are in a better propersition now than they were at the last admin. the basic reason behind that is before the club was believed to be £120m plus car parks and infrastructure and so on. Now with the CVA in places it's a knock down price of the cost of CVA plus debts (£35m Ish?) plus car parks and infrastructure and so on. That's a saving my misses dreams about on boxing day so the average Multi millionaire businessman must of course see it the same way and will be fighting each other with swords and muskets for the chance to get a piece of that bargain right? In all seriousness any buyer will either want the club to have fun or make some money. They would have to have a really serious amount of wedge to buy Pompey as a play thing and a serious amount of skill to turn Pompey into a proper cash cow. I really don't think either exist and I very much doubt a serious buyer will be found until the current mob that claim millions are owed are gone. It needs the debts wiped and a sensible fan to take the club on for a quid and rebuild slowly. Until Baloo has taken his share I can't see that happening either so this thread could well his 2000 pages before the saga is over. Link to comment Share on other sites More sharing options...
bjk Posted 5 January, 2012 Share Posted 5 January, 2012 Rumours in the City that a company called Grantley Lowe has been given the nod to purchase PFC. Also the chair of said company is a chap called Rupert Lowe. Surely not. I work in Pompey with many Skates and 1 of them told me this morning "apparantly,Rupert Lowe is involved".I took this as a joke,but maybe not then. Link to comment Share on other sites More sharing options...
saint si Posted 5 January, 2012 Share Posted 5 January, 2012 I work in Pompey with many Skates and 1 of them told me this morning "apparantly,Rupert Lowe is involved".I took this as a joke,but maybe not then. Google Grantley Lowe and check out their website. It's true. There's even a picture of him. Having said that, he's obviously had a LOT of work done... Link to comment Share on other sites More sharing options...
buctootim Posted 5 January, 2012 Share Posted 5 January, 2012 with the CVA in places it's a knock down price of the cost of CVA plus debts (£35m Ish?) plus car parks and infrastructure and so on. An awful lot of money for three chartered surveyors from Liverpool. Link to comment Share on other sites More sharing options...
Frank's cousin Posted 5 January, 2012 Share Posted 5 January, 2012 Oki can we have a summary (if possible to work out) of hwta the current situation is? My stab - but PLEASE update/correct where its possible with FACTS only as there is a lot of speculation as well.... 1. CSI in Admin - assets include PFC + WRC 9 anything else? 2. CSI being placed in admin protected CSI assets from being seized by Lithianian Government if they go after Valds assets? 3. CSI holding company for PFC but have yet to pay Chanrai for his shares? (Approx 17 mil or 10 mil outstanding?) 4. Pompey owe CSI 10.8 mil in loans - AA if acting in the best interests of CSI creditors (Chinney) should be looking to get this back? 5. Pompey were in effect running at a loss with out this CSI cash, some of it used on transfers some on wages - lets suggest PFC running about 4mil per annum short without CSI cash 6. Pompey new club liabilities include: 17 mil CVA payments, £X mil to gaydamark? £X mil to Chinney?, £xMill to other clubs for transfers (that we know of) 7. Chinney still owns ground, or is that part of the 17 mil he is owed - eg would new owner own ground if chinney gets his money back/club sold? 8. Gaydamrk still owns some land around the ground. 9. No one is sure how CSI funded its assets - could have been 'borrowed' from Snoros savers etc 10. PFC still owe all sub £2500 creditors or is this chinney - open to debate 11. Points deduction possibly - depend son whether FL believe financial link between CSI and PFC - logically there is one there as without 10.8 mil from CSI, pompey are effectly running at a loss/insolvent without a new owner who will underwrite their existing liabilities... but AA is smarter that many on here give him credit for - he is always ahead of the game.... what have I missed? Link to comment Share on other sites More sharing options...
JackFrost Posted 5 January, 2012 Share Posted 5 January, 2012 Lowe taking over Pompey That would bring this thread to a whole new level of hilarity. Tommy Forecast on loan anyone? Link to comment Share on other sites More sharing options...
trousers Posted 5 January, 2012 Share Posted 5 January, 2012 Lowe taking over Pompey That would bring this thread to a whole new level of hilarity. Tommy Forecast on loan anyone? WH Ireland did post its first profits for 4 years in 2011, so things are on the up for our erstwhile leader.... Link to comment Share on other sites More sharing options...
dubai_phil Posted 5 January, 2012 Share Posted 5 January, 2012 To those asking why? continuously. Simple. Invent 10,000 fans paying cash each home game and click the turnstiles and bank the cash. 300k every two weeks cleaned. 20 home games in a year? 6mil Normal rates for cleaning cash? 50 to 60% so you take on the club, and anything LESS than 3mil loss in a year is a profit. And that's WAY before you start to factor in the cash sales for all those replica shirts and junk in the shop, the 20,000 programmes every week.... Of course the numbers don't add up, but your average Columbian Drug Lord would dream of an ROI like that Link to comment Share on other sites More sharing options...
dubai_phil Posted 5 January, 2012 Share Posted 5 January, 2012 Lowe taking over Pompey That would bring this thread to a whole new level of hilarity. Tommy Forecast on loan anyone? Wonder what would come first? World Quality Catering Or mending the Toilets Link to comment Share on other sites More sharing options...
Foxstone Posted 5 January, 2012 Share Posted 5 January, 2012 If this is true then Rupert's business acumen has not improved then Wonder whether Mandaric will send him a duck to celebrate! Link to comment Share on other sites More sharing options...
Sevvy Posted 5 January, 2012 Share Posted 5 January, 2012 Perhaps the FAPPT should be conducted by the people on this thread, as some on here can find the dirt long before anyone else can, if we cant find anything they must be clean, Perhaps we should ask the FA if they would like us to do it for them, Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 5 January, 2012 Share Posted 5 January, 2012 Google Grantley Lowe and check out their website. It's true. There's even a picture of him. Having said that, he's obviously had a LOT of work done... Yep, definitely a different Rupert Lowe. Link to comment Share on other sites More sharing options...
solentstars Posted 5 January, 2012 Share Posted 5 January, 2012 Yep, definitely a different Rupert Lowe.agree the real rupert would not touch thm with a barge pole has they are a loss making waste of space.the only way rupert would buy them would be to shut the loss making club down and build retirement homes for a profit. Link to comment Share on other sites More sharing options...
Huffton Posted 5 January, 2012 Share Posted 5 January, 2012 agree the real rupert would not touch thm with a barge pole has they are a loss making waste of space.the only way rupert would buy them would be to shut the loss making club down and build retirement homes for a profit. Agent Lowe, your mission, should you choose to accept it... Link to comment Share on other sites More sharing options...
saintjay77 Posted 5 January, 2012 Share Posted 5 January, 2012 To those asking why? continuously. Simple. Invent 10,000 fans paying cash each home game and click the turnstiles and bank the cash. 300k every two weeks cleaned. 20 home games in a year? 6mil Normal rates for cleaning cash? 50 to 60% so you take on the club, and anything LESS than 3mil loss in a year is a profit. And that's WAY before you start to factor in the cash sales for all those replica shirts and junk in the shop, the 20,000 programmes every week.... Of course the numbers don't add up, but your average Columbian Drug Lord would dream of an ROI like that We all know the dodgy way is pompey but we were thinking more realistically for a "proper" buyer. The facts layed out for any serious investor/fan with some cash are frightening to say the least. Even taking the most positive of pompey views I still cant see how they are anywhere near a worthwhile investment while Chanrai still thinks he is intitled to around £20 million? Just taking the normal running of the club they are far from breaking even and all the extras that will be added to that mean you would have to be a mentalist to think its worth while. Link to comment Share on other sites More sharing options...
Toomer Posted 5 January, 2012 Share Posted 5 January, 2012 Agent Lowe, your mission, should you choose to accept it... Swing Lowe swing Rupert Lowe Swing him from The Spinnaker Tower Would just not have the right ring to it. Link to comment Share on other sites More sharing options...
holepuncture Posted 5 January, 2012 Share Posted 5 January, 2012 We all know the dodgy way is pompey but we were thinking more realistically for a "proper" buyer. The facts layed out for any serious investor/fan with some cash are frightening to say the least. Even taking the most positive of pompey views I still cant see how they are anywhere near a worthwhile investment while Chanrai still thinks he is intitled to around £20 million? Just taking the normal running of the club they are far from breaking even and all the extras that will be added to that mean you would have to be a mentalist to think its worth while. No No you are all wrong... as the skates will tell you; they are the last undeveloped club in the south and that is the potential buyers want... they also spout potential due to their shocking infrastructure - a new owner could build them a stadium... the latter point is true in a potential mindset however it is wrong wrong wrong on a feasibility level... £150 million odd to get a stadium, training ground and academy established - the pay back period would be many generations so it is frankly ridiculous to any serious investor with ambition... Marc Jackson, a monkey petting zoo and Moneyfields seems the most viable and realistic option. Link to comment Share on other sites More sharing options...
Gemmel Posted 5 January, 2012 Share Posted 5 January, 2012 Oki can we have a summary (if possible to work out) of hwta the current situation is? My stab - but PLEASE update/correct where its possible with FACTS only as there is a lot of speculation as well.... 1. CSI in Admin - assets include PFC + WRC 9 anything else? There are a few other companies, but nothing of any real substance 2. CSI being placed in admin protected CSI assets from being seized by Lithianian Government if they go after Valds assets? Not really what administration is designed for, but ultimately in the short term it would acheive that objective. The issue could be in the future (And we are talking 2 - 3 years) if antonov is found guilty and they can track the missing money back to CSI and then pompey, that would technically mean that it wasnt androids to sell in the first place. Think about if you buy a car, but the previous owner had it on finance, that they didnt clear, you've done nothing wrong, but you lose the car (Simplistic analogy, but you get the gist) 3. CSI holding company for PFC but have yet to pay Chanrai for his shares? (Approx 17 mil or 10 mil outstanding?) Not for his shares (CSO own or did own 100% of pfc 2010 shares, they just hadn't paid for them yet) for what was effectively a loan and lumpitt said they hadn't made a payment as yet, so we can guessimate it around 17 million (I think it is a bit more) 4. Pompey owe CSI 10.8 mil in loans - AA if acting in the best interests of CSI creditors (Chinney) should be looking to get this back? Absolutley, regardless of whether it is stolen or not, it is on the books and could go towards creditors (Although see point three after antonovs court case) 5. Pompey were in effect running at a loss with out this CSI cash, some of it used on transfers some on wages - lets suggest PFC running about 4mil per annum short without CSI cash - Without doubt running at a loss, if they put in 10.8 million in between July and now and they (According to aa will run out by the end of January, you could argue it's more than 4 million per annum and as high as 18 million (July to January divided by 7 and times by 12) 6. Pompey new club liabilities include: 17 mil CVA payments, £X mil to gaydamark? £X mil to Chinney?, £xMill to other clubs for transfers (that we know of) CVA payment about correct, 2.2 to gaydamak (Recently confirmed) chinny is the intresting one. The CVA claims two secured creditors at just under 30 million (We now know how much gaydamk is owed, so unless I am missing something, that was a decent interest rate that chinney is charging), the pre admin tranfer fees and other footballing debts were all settled through the first parachute payments. The transfers in the summer were done by installments (As per lumpits web cast) but we have no idea how much is outstanding or when and then there is all creditors 2.5k and under (Don't know what this totals) to get 100% 7. Chinney still owns ground, or is that part of the 17 mil he is owed - eg would new owner own ground if chinney gets his money back/club sold? His charge is against the ground and assets, so fair to assume that is the squad as well, if he gets his money he will relinquish the charge, but unless anyone is paying 100% upfront, I would imagine the charge will stay (As in Chinny still on the scene ) 8. Gaydamrk still owns some land around the ground. Yep, can only buy part of the land in this first deal, you will have to go to gaydamak if you want it all. 9. No one is sure how CSI funded its assets - could have been 'borrowed' from Snoros savers etc. That is what the authorities have claimed. 10. PFC still owe all sub £2500 creditors or is this chinney - open to debate. Well the independant auditors have said it is pfc responsibility. pfc (lumpitt) has said its not, I know who I believe. 11. Points deduction possibly - depend son whether FL believe financial link between CSI and PFC - logically there is one there as without 10.8 mil from CSI, pompey are effectly running at a loss/insolvent without a new owner who will underwrite their existing liabilities... but AA is smarter that many on here give him credit for - he is always ahead of the game.... It is almost down to whether it is worse to borrow money to boost your squad and not be in a position to pay it back (Which equals points deduction) or use stolen money (Alledgedly) and not get one. I couldn't see how they wouldnt get a deduction, but now I am not so sure, don't be surprised to see them get away with it. what have I missed? My two pennies Link to comment Share on other sites More sharing options...
rallyboy Posted 5 January, 2012 Share Posted 5 January, 2012 pompey given green light to resign the loan geezer from West Brom... If I were cynical I might remind our regular readers of the occasion when one January a terminally-insolvent club presented a blatantly false set of accounts to con the authorities into lifting a season-crippling transfer embargo....next thing they were off to Wembley and blowing the dirty cash on prossie parties behind a skip in Horton Heath. Could it be that AA's promise of the immediate arrival of new owners with massive investment could be enough to lull the comatose league into generously allowing the points penalty and transfer situation to just fade away? Fair play to AA, he has politely bent the authorities over everytime, and they've even thanked him as he zips himself back up. Funniest bit of all is it isn't even his problem this time, he's just messing about with pompey and annoying the league for his own entertainment! FC, you are pretty much there I think - 1. CSI in Admin - assets include PFC + WRC anything else? Not of any consequence. 2. CSI being placed in admin protected CSI assets from being seized by Lithianian Government if they go after Valds assets? To some extent, I'm sure there are complex legal processes that can be pursued. 3. CSI holding company for PFC but have yet to pay Chanrai for his shares? Nowt or little paid, hence the action, once again he isn't an owner, he's a reluctant landlord evicting a non-payer. 4. Pompey owe CSI 10.8 mil in loans - AA if acting in the best interests of CSI creditors (Chinney) should be looking to get this back? Priority for any normal adminsitrator. 5. Pompey were in effect running at a loss with out this CSI cash, some of it used on transfers some on wages - lets suggest PFC running about 4mil per annum short without CSI cash at least 6. Pompey new club liabilities include: 17 mil CVA payments, £X mil to gaydamark? £X mil to Chinney?, £xMill to other clubs for transfers (that we know of) Complicated! The arms dealer retained the land so he has full control of any development, he was also included in the CVA I think...Chanrai loaned approx £17M which would amount to near £24M when repaid, he has however had his sticky fingers in the pot, and looks like he is chucking some more in now, so god knows what he'll claim, but I'm sure the neutral administrator will support his claim! The £10.8M CSI debt might be negotiated down for immediate payment, but it exists. I'm sure there are transfers for loyal superstars long gone that are still due. 7. Chinney still owns ground, or is that part of the 17 mil he is owed - eg would new owner own ground if chinney gets his money back/club sold? He's so shrewd he won't let that go until he's paid in full, it's his ace, and if someone wants to develop and has done a deal with the child-maimer then Chanrai can hop aboard the development bus for further profits. 8. Gaydamrk still owns some land around the ground. yep, lots, he can veto any development. 9. No one is sure how CSI funded its assets - could have been 'borrowed' from Snoros savers etc most likely 10. PFC still owe all sub £2500 creditors or is this chinney - open to debate shouldn't be open to debate, it's all there in the deals that AA arranged so someone is responsible, they are just pretending it's complex - and for such a pitiful amount and the poor PR generated it's one of the most bonkers bits of the whole club. 11. Points deduction possibly - depends on whether FL believe financial link between CSI and PFC Clear breach of regs already proven - League bottles it when pressed by slick administrator shock. Link to comment Share on other sites More sharing options...
pedg Posted 5 January, 2012 Share Posted 5 January, 2012 (edited) You know those old "comedy connections" programs with graphs and things showing how various people interacted over time: I think we need something like that for pompey. you would not even have to change the title... Edited 5 January, 2012 by pedg Link to comment Share on other sites More sharing options...
Petersfield Saint Posted 5 January, 2012 Share Posted 5 January, 2012 agree the real rupert would not touch thm with a barge pole has they are a loss making waste of space.the only way rupert would buy them would be to shut the loss making club down and build retirement homes for a profit. Agent Lowe, your mission, should you choose to accept it... If Rupert did that I would give him a statue outside SMS! Link to comment Share on other sites More sharing options...
Frank's cousin Posted 5 January, 2012 Share Posted 5 January, 2012 5. Pompey were in effect running at a loss with out this CSI cash, some of it used on transfers some on wages - lets suggest PFC running about 4mil per annum short without CSI cash - Without doubt running at a loss, if they put in 10.8 million in between July and now and they (According to aa will run out by the end of January, you could argue it's more than 4 million per annum and as high as 18 million (July to January divided by 7 and times by 12) Just coming back on this bit - I sugegsted 4 mil per annum as the 10.8mil borrowed since July went on part on transfer fees so only a proportion of this for wages etc... elsewhere though its stated they are paying for transfer on installments so you may be right in that the majority of this has been used to cover operating costs and overheads.... if that is the case then they they are in deeper ****e than I imagined. On the points deduction - I think the get out clause may well be that this money from CSI was in teh form of a loan. As such had teh moeny been borrowed from a bank that folded, it would not result in points deduction so I can see a way in which PFC could rightly argue they are not linked financially - however, if they do not find a buyer very soon, they are in effect trding insolvently and wil;l be back in admin very soon and we all know what that means... its why AA is confident on the points thing and desperate for a buyer... Link to comment Share on other sites More sharing options...
Wes Tender Posted 5 January, 2012 Share Posted 5 January, 2012 You know those old "comedy connections" programs with graphs and things showing how various people interacted over time: I think we need something like that for pompey. you would not even have to change the title... There was one I believe, many moons ago on this very site. From memory, that linked the Gaydamaks with Chinny, with the Jewish criminal accountant, the shonky solicitor, etc. I think that there were at least a dozen names with links to each other. Can anybody be bothered to trawl back several hundred pages to find it? Link to comment Share on other sites More sharing options...
Wes Tender Posted 5 January, 2012 Share Posted 5 January, 2012 To those asking why? continuously. Simple. Invent 10,000 fans paying cash each home game and click the turnstiles and bank the cash. 300k every two weeks cleaned. 20 home games in a year? 6mil Normal rates for cleaning cash? 50 to 60% so you take on the club, and anything LESS than 3mil loss in a year is a profit. And that's WAY before you start to factor in the cash sales for all those replica shirts and junk in the shop, the 20,000 programmes every week.... Of course the numbers don't add up, but your average Columbian Drug Lord would dream of an ROI like that But Forest Gump says that the Russian mafia would be stupid to attempt to launder money through the Skates, because since their administration and the farcical last few owners, they are under a microscope. I have asked him more than once to furnish us with a valid and plausible alternative reason why anybody sane would wish to buy them and eagerly await his reply. Link to comment Share on other sites More sharing options...
solentstars Posted 5 January, 2012 Share Posted 5 January, 2012 i think we will know more over the coming months whenever they reach payday and if they have to sell players it looks like its all coming to a crisis for them soner rather than later unless thy can get another stooge in place. Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 5 January, 2012 Share Posted 5 January, 2012 Quite a lot less interest this time round - but obviously of more quality as the deal will be completed in 48 hours. http://www.guardian.co.uk/football/2010/mar/04/portsmouth-12-buyers-administration?INTCMP=ILCNETTXT3487 And who emerged from those 12 interested parties on that occasion? Also: http://www.guardian.co.uk/football/2010/feb/26/portsmouth-administration-andrew-andronikou?INTCMP=ILCNETTXT3487 "Cut to the bone?" AA = Man with combustible trousers. Link to comment Share on other sites More sharing options...
Gemmel Posted 5 January, 2012 Share Posted 5 January, 2012 5. Pompey were in effect running at a loss with out this CSI cash' date=' some of it used on transfers some on wages - lets suggest PFC running about 4mil per annum short without CSI cash - [b']Without doubt running at a loss, if they put in 10.8 million in between July and now and they (According to aa will run out by the end of January, you could argue it's more than 4 million per annum and as high as 18 million (July to January divided by 7 and times by 12) [/b]Just coming back on this bit - I sugegsted 4 mil per annum as the 10.8mil borrowed since July went on part on transfer fees so only a proportion of this for wages etc... elsewhere though its stated they are paying for transfer on installments so you may be right in that the majority of this has been used to cover operating costs and overheads.... if that is the case then they they are in deeper ****e than I imagined. On the points deduction - I think the get out clause may well be that this money from CSI was in teh form of a loan. As such had teh moeny been borrowed from a bank that folded, it would not result in points deduction so I can see a way in which PFC could rightly argue they are not linked financially - however, if they do not find a buyer very soon, they are in effect trding insolvently and wil;l be back in admin very soon and we all know what that means... its why AA is confident on the points thing and desperate for a buyer... To be fair Frank re the 18 million, they did have infrastructure costs, TBH back dated wages, and the the Stoke / Tottenham goalie money, plus new signings, so I think your 4 million is probably nearer the mark. Link to comment Share on other sites More sharing options...
dronskisaint Posted 5 January, 2012 Share Posted 5 January, 2012 I'm still struggling here, I've asked before and listed the debts, potential debts, ownerships of the property around and hazarded a guess or two as to the worth of the brand etc but what I can't understand is how a loss-making business that doesn't own it's own ground, surrounding land that has the playing staff costing more than they generate due to ever dwindling attendances, has an increasing proportion of the future parachutes ring-fenced, has an upcoming CVA payment imminent, has a tarnished image that nobody would want to associate a brand to, has negative equity in everything and plays in a decaying shed.... Can possibly be considered an asset??? Please help me...I've faithfully followed all of the pages so I've been good - I run a business so think I understand the way of things connected but whilst I understand the attraction as a laundering vehicle...it still can't in any way to me appear to be an asset!?? It's a bleed on cash flow that's all...the administrator is failing the CSI creditors every hour it continues to haemmorrhage money!!? Please help a logical bloke put his mind at rest? Link to comment Share on other sites More sharing options...
solentstars Posted 5 January, 2012 Share Posted 5 January, 2012 whats the betting aa is talking to a bunch of tyre kickers introduced to him by michel jackson Link to comment Share on other sites More sharing options...
aintforever Posted 5 January, 2012 Share Posted 5 January, 2012 There's always some idiot willing to buy a football club, bet they get away with it. Someone will buy it for a quid as a no lose gamble. Link to comment Share on other sites More sharing options...
solentstars Posted 5 January, 2012 Share Posted 5 January, 2012 There's always some idiot willing to buy a football club, bet they get away with it. Someone will buy it for a quid as a no lose gamble.agree you always find a Village idiot maybe our resident forum yokel on here might be interested:lol:while he not out fox hunting or going threw the locals bin . Link to comment Share on other sites More sharing options...
St. Neil Posted 5 January, 2012 Share Posted 5 January, 2012 Looks like Brian Howe of Bad Company fame is out of the running For those fans asking if I am involved with the Pompey takeover, I have to say that I wish I was. It would be nice if Mr Lampitt would return phone calls but alas I think he is no longer in control of the club. I have stayed under the radar regarding this matter as the club means the world to me but it seems that the parent company administrators have total control over the matter now. I hope they do a better job than they have done in the past to find a reliable honest owner. If worst comes to worst Vincent Wolanin and I have a solid plan to help the club thrive if the club has open ears and is willing to return phone calls. To continue to be run as the club has been in the past will not work...it needs fresh innovative ideas. We need people who care about the football club and it's fans as much as making money... I am waiting and watching developments...Play up Pompey !!!!! Link to comment Share on other sites More sharing options...
dubai_phil Posted 5 January, 2012 Share Posted 5 January, 2012 The second in a small series of why on earth scenarios. In large "Corporations" there are teams of MBA's employed in the task of Marketing Communications, or Marcom. This bears virtually no resemblance to what normal human beings would recognise as "Marketing". It is a world where performance is measured in the number of impressions, click through rates and then only at the bottom of a very long chain does it count "Sales Lead Generation" Typically pre-internet days this meant Print Impressions for Adverts run in Magazines/Papers/TV etc or Articles mentioning Product or Company by name. It is most prevalent in areas where you wish to defend or enhance a "Brand". So paying for an advert in some specialist Industry Magazine may produce 20 or 30 thousand impressions, in The Sun maybe several million. The market leader in terms of the more aggressive "shotgun" approach of Brand building was Emirates who you now see everywhere. The new kids on the block are Etihad. Now Etihad are paying 40 million a year in Man City. Yes that can be called a way around the Financial Fair Play rules, but in Marcom land it is actually a very cheap Brand medium. So coming back to a run of the mill football club, they are still a target for attaching a "Brand". For a "Foreign Businessman" looking to expand their regional operations, 3 or 4 million a year in a marcom campaign to get a foothold into a new market is cheap. In fact the more "News Worthy" a club is, the more impressions it will generate. Those organisations see Football as a cheap ad campaign to build a name - who'd heard of Venkey's before they screwed up Blackburn? Forgetting the Ego's in CSI, the actual strategy was to build a sound Sports Management company (yes yes forget the source for a moment) but it was supposed to be a sound venture to give a "Brand" and hence credibility. The wheels came off way to quickly - but then with the ego's involved that was always going to happen. But the fact remains, poopey may be a laughing stock, BUT they give the MBA's the results they need. (Note most sane people will see a number of fatal flaws with this theory, however as I have never met anyone with an MBA in Marcom who had the slighest understanding of reality, I rest my case. Note I have nothing against Marketing or Media Management people, I even understand the critical role that Marcom plays.) HTH Oh and D_P claim to fame #497 - guess who came up with the idea of Sponsoring Referees & Umpires etc? And guess who stole that idea. (The original idea was actually a plan to get us free beer at the Dubai 7's, some MBA f\/ck stole it) Link to comment Share on other sites More sharing options...
dubai_phil Posted 5 January, 2012 Share Posted 5 January, 2012 agree you always find a Village idiot maybe our resident forum yokel on here might be interested:lol:while he not out fox hunting or going threw the locals bin . It's a damned shame he isn't a full member. I could have PM'd him with helpmerhonda's contact info Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 5 January, 2012 Share Posted 5 January, 2012 I think Solentstar was talking about "Dune" rather than Corp Ho, could be wrong of course. Link to comment Share on other sites More sharing options...
dubai_phil Posted 5 January, 2012 Share Posted 5 January, 2012 I think Solentstar was talking about "Dune" rather than Corp Ho, could be wrong of course. Actually THAT could work.... We'd need to play two left backs against them at SMS, they'd certainly be strong on the Right Wing Link to comment Share on other sites More sharing options...
SaintAndy14 Posted 5 January, 2012 Share Posted 5 January, 2012 That guy mentions fresh innovative ideas to get the club thriving. What might these be? Fair enough he says it can't carry on operating the way it has been, just wondering what the plans might be. As I see it, they could only be a long-term project. New stadium seems pointless while they attract so few plans and have nothing but debt. Surely losing the big earners is the first step, then focus on youth, developing players they can sell at big profits, build the infrastructure and get some stability with the manager, coaches and owners for several years. If they go to L1 or L2 so be it, it shouldn't change the plan and they could ultimately come back stronger, rather than short-term success built on club-crippling debt. Depends what the fans want. Saints came back stronger, but weren't in half the mess they were (and still nearly disappeared), plus we didn't spend fortunes every year we didn't have (just one year with a drunken scot, and even then nothing like their levels). So realistic wage structures, long term team building, youth players, improved academy and training facilities. What else can they focus on? Then in 5-10 years if it's all gone well, they're in the top 2 divisions and selling out Fratton Park, look to build a new stadium. Anything more short-term than that just seems likely to end in a complete mess....AGAIN. They should employ you mate (or try to)! Link to comment Share on other sites More sharing options...
Frank's cousin Posted 5 January, 2012 Share Posted 5 January, 2012 They should employ you mate (or try to)! To be honest, thats the approach they need and if they can find someone sensible who could buy teh club for £1 and manage their debt over the next 3-4 years appropriately, they should be given that chance - but it need sto change dramatically - the way the club has been run, the way its has used other folks money, tax payers money, etc without a hope in hell of paying it back to achieve some short term success is cheating whatever corpse says - and they have been LUCKY that teh FA and FL have been so lenient with them on this. However, if they find an owner with integrity and common sense who is prepared to stand up to the idiots within teh fan base and build the club within its means then fair play and good luck.... but that is a big if... Link to comment Share on other sites More sharing options...
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